Civic Intelligence

Minnesota Transitions Chartered School

990 • Fiscal year 2016 • EIN 41-1823173

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 07, 2017

Organization ProfileWWW.MTCS.ORG
2872 26th Avenue SouthMinneapolis, MN 55406

(612) 722-9013

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

1.72x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.68x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

28th percentile

-2.2%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

13th percentile

$113,828

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

94th percentile

45%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-1.3%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$13,317,528

Up $4,122,948 (+45%) from 2015

Net Assets

Down

-$9,574,754

Down $1,549,598 (-19%) from 2015

Liabilities

Up

$22,892,282

Up $5,672,546 (+33%) from 2015

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin28th percentile

Revenue

Down

$33,654,060

Down $447,679 (-1.3%) from 2015

Expenses

Down

$34,380,558

Down $2,385,799 (-6.5%) from 2015

Net Income

Up

-$726,498

Up $1,938,120 (+73%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0-$50MAssets 2010: $12,227,778Liabilities 2010: $5,717,202Net Assets 2010: $6,510,5762010Assets 2011: $11,707,836Liabilities 2011: $4,984,848Net Assets 2011: $6,722,9882011Assets 2012: $12,154,527Liabilities 2012: $6,260,340Net Assets 2012: $5,894,1872012Assets 2013: $9,334,063Liabilities 2013: $4,845,704Net Assets 2013: $4,488,3592013Assets 2014: $9,058,914Liabilities 2014: $4,223,071Net Assets 2014: $4,835,8432014Assets 2015: $9,194,580Liabilities 2015: $17,219,736Net Assets 2015: -$8,025,1562015Assets 2016: $13,317,528Liabilities 2016: $22,892,282Net Assets 2016: -$9,574,7542016Assets 2017: $29,602,630Liabilities 2017: $42,164,113Net Assets 2017: -$12,561,4832017Assets 2018: $26,056,726Liabilities 2018: $40,112,037Net Assets 2018: -$14,055,3112018Assets 2019: $23,851,135Liabilities 2019: $34,734,555Net Assets 2019: -$10,883,4202019Assets 2020: $21,744,421Liabilities 2020: $33,233,416Net Assets 2020: -$11,488,9952020Assets 2021: $28,235,035Liabilities 2021: $39,431,253Net Assets 2021: -$11,196,2182021Assets 2022: $57,498,572Liabilities 2022: $60,097,723Net Assets 2022: -$2,599,1512022Assets 2023: $80,715,009Liabilities 2023: $78,911,139Net Assets 2023: $1,803,8702023Assets 2024: $85,996,758Liabilities 2024: $83,507,181Net Assets 2024: $2,489,5772024Assets 2025: $68,345,815Liabilities 2025: $62,892,733Net Assets 2025: $5,453,0822025

Highlighted filing

2016

Assets$13,317,528
Liabilities$22,892,282
Net Assets-$9,574,754
Open 2016 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $27,813,9152010Expenses 2011: $29,878,3302011Expenses 2012: $31,319,6212012Revenue 2013: $31,003,708Expenses 2013: $32,409,536Net Income 2013: -$1,405,8282013Revenue 2014: $33,928,560Expenses 2014: $33,581,076Net Income 2014: $347,4842014Revenue 2015: $34,101,739Expenses 2015: $36,766,357Net Income 2015: -$2,664,6182015Revenue 2016: $33,654,060Expenses 2016: $34,380,558Net Income 2016: -$726,4982016Revenue 2017: $37,723,334Expenses 2017: $40,710,063Net Income 2017: -$2,986,7292017Revenue 2018: $42,091,056Expenses 2018: $43,584,884Net Income 2018: -$1,493,8282018Revenue 2019: $46,203,781Expenses 2019: $42,179,109Net Income 2019: $4,024,6722019Revenue 2020: $48,668,552Expenses 2020: $49,243,096Net Income 2020: -$574,5442020Revenue 2021: $63,864,968Expenses 2021: $63,572,191Net Income 2021: $292,7772021Revenue 2022: $75,756,104Expenses 2022: $67,159,037Net Income 2022: $8,597,0672022Revenue 2023: $71,763,081Expenses 2023: $67,360,060Net Income 2023: $4,403,0212023Revenue 2024: $76,454,949Expenses 2024: $75,769,242Net Income 2024: $685,7072024Revenue 2025: $88,333,286Expenses 2025: $85,369,781Net Income 2025: $2,963,5052025

Highlighted filing

2016

Revenue$33,654,060
Expenses$34,380,558
Net Income-$726,498
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 7, 2017
Return Version
2015v3.0
Gross Receipts
$33,660,481
Mission and Program Overview

Mission

We are a student-centered learning community that inspires and supports all learners to achieve excellence through equitable, relevant learning experiences.

Mts will empower and ensure all students acquire the skills and knowledge necessary to access their future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,729,170$5,812,117▲ $3,082,947
Pledges and Grants Receivable$3,351,751$4,864,369▲ $1,512,618
Prepaid Expenses and Deferred Charges$907,840$806,398▼ $101,442
Land, Buildings, and Equipment, Net$1,145,379$77,580▼ $1,067,799
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-8,025,156$-9,574,754▼ $1,549,598
Total Assets$9,194,580$13,317,528▲ $4,122,948
Other Assets Total$1,060,440$1,757,064▲ $696,624
Liabilities
Accounts Payable and Accrued Expenses$6,214,596$11,428,671▲ $5,214,075
Other Liabilities$11,005,140$11,296,159▲ $291,019
Mortgage Notes Payable Secured by Investment Property-$106,047-
Deferred Revenue-$61,405-
Total Liabilities$17,219,736$22,892,282▲ $5,672,546
Net Assets / Fund Balance
Total Net Assets Fund Balance$-8,025,156$-9,574,754▼ $1,549,598
Total Liabilities and Net Assets / Fund Balance$9,194,580$13,317,528▲ $4,122,948

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$77,580$1,973,315$2,050,895
Other Assets Org$1,757,064--
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patricia BrostromSuperintendentFT$98,533$15,295$113,828
Tamara SchultzSecretary/treasurerFT$79,625$13,574$93,199
Becky JuntunenVice ChairFT$51,577$10,899$62,476
Andrea MillerBoard MemberFT$47,208$10,537$57,745
Martin LukaszewskiBoard MemberFT$40,118$15,398$55,516
Patrick DreherBoard MemberFT$40,064$11,094$51,158

Board Members and Trustees

NameTitle
Scott KringleBoard Chair
Dehka OsmanBoard Member
Norman LynskeyBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Connections Education LLCEducational Services32369 COLLECTION CENTER DRIVE, Chicago, IL 60693-0323$26,074,720
Connections AcademyEducational Services1001 FLEET ST FL S, Baltimore, MD 21202$1,030,720
Laser Transportation INCTransportation ServicesPO BOX 131054, St Paul, MN 55113$1,029,905
Ckc Good FoodFood Service CateringPO BOX 431419, Minneapolis, MN 55443-1419$505,457
Twin City Transportation INCTransportation Services1408 NORTHLAND DRIVE SUITE 101, Mendota Heights, MN 55120$394,668
Revenue and Support

Revenue Composition

Contributions and Grants
$33,644,244
Program Service Revenue
$15,929
Investment Income
$-6,113
Other Revenue
$0
All Other Contributions
$161,764
Change in Net Assets
$-726,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,654,060
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$142
Total Revenue per Audited Statements
$33,654,202
Total Revenue per Form 990
$33,654,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,535,258
Salaries, Compensation, and Employee Benefits$10,845,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$16,750,921$477,051-$17,227,972
Other Salaries and Wages$6,255,114$1,481,549-$7,736,663
Other Employee Benefits$1,055,850$238,521-$1,294,371
Pension Plan Contributions$629,797$139,320-$769,117
Office Expenses$653,037$54,547-$707,584
Payroll Taxes$498,050$108,673-$606,723
Occupancy$556,132--$556,132
Information Technology$391,065$75,792-$466,857
Current Officers, Directors, Trustees, and Key Employees$438,426--$438,426
Insurance$66,571$53,176-$119,747
Travel$85,382$147-$85,529
Other Expenses$32,462$36,451-$68,913
All Other Expenses$11,992$17,512-$29,504
Depreciation Depletion$23,799$5,050-$28,849
Interest$6,857$368-$7,225
Total Functional Expenses$31,692,401$2,688,157$0$34,380,558

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,380,558
Total Expenses per Form 990$34,380,558
Total Expenses per Audited Statements$34,298,794
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-81,764
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$9,894,613
Deferred Inflows - Pensions$1,401,546
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All employees and parents of students of the charter school shall be members.”

Form 990, Part VI, Section B, Line 11

“After review by the superintendent and business manager, a copy of the return is provided to members of the board of directors for their review.”

Form 990, Part VI, Section B, Line 12C

“Policy discussed yearly at election time with board members, and policy provided to new board members.”

Form 990, Part VI, Section B, Line 15

“Compensation process, annual review process, and quality compensation program for the superintendent: compensation committee from the board of directors determines final compensation. A written employment contract is signed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Minnesota Transitions Charter School
EIN
41-1823173
Phone
6127229013
Address
2872 26TH AVENUE SOUTH, MINNEAPOLIS, MN 55406

Signing Officer

Name
Dennis Carlson
Title
Interim Superintendent
Phone
6127229013
Signed
2017-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Carlson
Formed
1995
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
3
Employees
301
Volunteers
50

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
PO BOX 1496, ST CLOUD, MN 56302-1496
Preparer
Shelley Gaetz
Phone
3202510286
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Remove capital asset not owned by school -1,051,103. Remove building debt 737,947. Pension errors -337,209. Lease debt -172,735.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Interest income from building company 142.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Income/expense related to building company -81,764.”

Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPERINTENDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-6421
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt033482480
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt033660481
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt075792
IRS990/InformationTechnologyGrp/ProgramServicesAmt0391065
IRS990/InformationTechnologyGrp/TotalAmt0466857
IRS990/InsuranceGrp/ManagementAndGeneralAmt053176
IRS990/InsuranceGrp/ProgramServicesAmt066571
IRS990/InsuranceGrp/TotalAmt0119747
IRS990/InterestGrp/ManagementAndGeneralAmt0368
IRS990/InterestGrp/ProgramServicesAmt06857
IRS990/InterestGrp/TotalAmt07225
IRS990/InvestmentIncomeGrp/ExclusionAmt0308
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0308
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01973315
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01145379
IRS990/LandBldgEquipBasisNetGrp/EOYAmt077580
IRS990/LandBldgEquipCostOrOtherBssAmt02050895
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt06421
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MTS WILL EMPOWER AND ENSURE ALL STUDENTS ACQUIRE THE SKILLS AND KNOWLEDGE NECESSARY TO ACCESS THEIR FUTURE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0106047
IRS990/NetAssetsOrFundBalancesBOYAmt0-8025156
IRS990/NetAssetsOrFundBalancesEOYAmt0-9574754
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-6421
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6421
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0556132
IRS990/OccupancyGrp/TotalAmt0556132
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt054547
IRS990/OfficeExpensesGrp/ProgramServicesAmt0653037
IRS990/OfficeExpensesGrp/TotalAmt0707584
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01060440
IRS990/OtherAssetsTotalGrp/EOYAmt01757064
IRS990/OtherChangesInNetAssetsAmt0-823100
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0238521
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01055850
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01294371
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL & LEAS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT REPAIR
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036451
IRS990/OtherExpensesGrp/ProgramServicesAmt03613328
IRS990/OtherExpensesGrp/ProgramServicesAmt1467183
IRS990/OtherExpensesGrp/ProgramServicesAmt2156435
IRS990/OtherExpensesGrp/ProgramServicesAmt332462
IRS990/OtherExpensesGrp/TotalAmt03613328
IRS990/OtherExpensesGrp/TotalAmt1467183
IRS990/OtherExpensesGrp/TotalAmt2156435
IRS990/OtherExpensesGrp/TotalAmt368913
IRS990/OtherLiabilitiesGrp/BOYAmt011005140
IRS990/OtherLiabilitiesGrp/EOYAmt011296159
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01481549
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06255114
IRS990/OtherSalariesAndWagesGrp/TotalAmt07736663
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0108673
IRS990/PayrollTaxesGrp/ProgramServicesAmt0498050
IRS990/PayrollTaxesGrp/TotalAmt0606723
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0139320
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0629797
IRS990/PensionPlanContributionsGrp/TotalAmt0769117
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03351751
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04864369
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0907840
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0806398
IRS990/PrincipalOfficerNm0DENNIS CARLSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015929
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015929
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033998983
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt023544335
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0102756
IRS990/PYRevenuesLessExpensesAmt0-2664618
IRS990/PYSalariesCompEmpBnftPaidAmt013222022
IRS990/PYTotalExpensesAmt036766357
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt034101739
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-726498
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015929
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt077580
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01973315
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02050895
IRS990ScheduleD/ExpensesNotReportedAmt0-81764
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt034380558
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01757064
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSION
IRS990ScheduleD/OtherExpensesIncludedAmt0-81764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09894613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11401546
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherRevenueAmt0142
IRS990ScheduleD/RevenueNotReportedAmt0142
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt033654060
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTEREST INCOME FROM BUILDING COMPANY 142.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME/EXPENSE RELATED TO BUILDING COMPANY -81,764.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077580
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01757064
IRS990ScheduleD/TotalExpensesPerForm990Amt034380558
IRS990ScheduleD/TotalLiabilityAmt011296159
IRS990ScheduleD/TotalRevenuePerForm990Amt033654060
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt033654202
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034298794
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BROCHURES ARE DISTRIBUTED TO PARENTS DURING REGISTRATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FEDERAL AND STATE AID FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL EMPLOYEES AND PARENTS OF STUDENTS OF THE CHARTER SCHOOL SHALL BE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER REVIEW BY THE SUPERINTENDENT AND BUSINESS MANAGER, A COPY OF THE RETURN IS PROVIDED TO MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICY DISCUSSED YEARLY AT ELECTION TIME WITH BOARD MEMBERS, AND POLICY PROVIDED TO NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS, ANNUAL REVIEW PROCESS, AND QUALITY COMPENSATION PROGRAM FOR THE SUPERINTENDENT: COMPENSATION COMMITTEE FROM THE BOARD OF DIRECTORS DETERMINES FINAL COMPENSATION. A WRITTEN EMPLOYMENT CONTRACT IS SIGNED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REMOVE CAPITAL ASSET NOT OWNED BY SCHOOL -1,051,103. REMOVE BUILDING DEBT 737,947. PENSION ERRORS -337,209. LEASE DEBT -172,735.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MINNESOTA TECHNOLOGY EDUCATION CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0412009866
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUILDING LEASE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0425 20TH AVENUE SOUTH SUITE 212

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,317,528
Liabilities
$22,892,282
Net assets
-$9,574,754
Revenue
$33,654,060
Expenses
$34,380,558
Net income
-$726,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$68.3$62.9$5.45$88.3$85.4$2.96
2024Detailed filing. Detailed filing data is available for this year.$86.0$83.5$2.49$76.5$75.8$0.69
2023Detailed filing. Detailed filing data is available for this year.$80.7$78.9$1.80$71.8$67.4$4.40
2022Detailed filing. Detailed filing data is available for this year.$57.5$60.1$2.60$75.8$67.2$8.60
2021Detailed filing. Detailed filing data is available for this year.$28.2$39.4$11.2$63.9$63.6$0.29
2020Detailed filing. Detailed filing data is available for this year.$21.7$33.2$11.5$48.7$49.2$0.57
2019Detailed filing. Detailed filing data is available for this year.$23.9$34.7$10.9$46.2$42.2$4.02
2018Detailed filing. Detailed filing data is available for this year.$26.1$40.1$14.1$42.1$43.6$1.49
2017Detailed filing. Detailed filing data is available for this year.$29.6$42.2$12.6$37.7$40.7$2.99
2016Detailed filing. Detailed filing data is available for this year.$13.3$22.9$9.57$33.7$34.4$0.73
2015Detailed filing. Detailed filing data is available for this year.$9.19$17.2$8.03$34.1$36.8$2.66
2014Detailed filing. Detailed filing data is available for this year.$9.06$4.22$4.84$33.9$33.6$0.35
2013Summary only. Only limited summary data is available for this year.$9.33$4.85$4.49$31.0$32.4$1.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$6.26$5.89$31.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$4.98$6.72$29.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$5.72$6.51$27.8