Civic Intelligence

Great Expectations School

990 • Fiscal year 2017 • EIN 41-1869463

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 25, 2018

Organization ProfileWWW.GREATEXPECTATIONSSCHOOL.COM
PO Box 310Grand Marais, MN 55604

(218) 387-9322

Siviq Scores

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

Liabilities / Assets

96th percentile

1.43x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

1.69x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$65,367

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

99th percentile

432%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

21%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$1,585,909

Up $1,287,823 (+432%) from 2016

Net Assets

Down

-$681,821

Down $237,040 (-53%) from 2016

Liabilities

Up

$2,267,730

Up $1,524,863 (+205%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin15th percentile

Revenue

Up

$1,345,234

Up $235,869 (+21%) from 2016

Expenses

Up

$1,582,274

Up $503,675 (+47%) from 2016

Net Income

Down

-$237,040

Down $267,806 (-870%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $237,228Liabilities 2010: $146,940Net Assets 2010: $90,2882010Assets 2011: $267,618Liabilities 2011: $174,677Net Assets 2011: $92,9412011Assets 2012: $332,946Liabilities 2012: $226,909Net Assets 2012: $106,0372012Assets 2013: $213,130Liabilities 2013: $112,918Net Assets 2013: $100,2122013Assets 2014: $149,263Liabilities 2014: $60,927Net Assets 2014: $88,3362014Assets 2015: $240,192Liabilities 2015: $715,739Net Assets 2015: -$475,5472015Assets 2016: $298,086Liabilities 2016: $742,867Net Assets 2016: -$444,7812016Assets 2017: $1,585,909Liabilities 2017: $2,267,730Net Assets 2017: -$681,8212017Assets 2018: $1,284,560Liabilities 2018: $2,193,826Net Assets 2018: -$909,2662018Assets 2019: $1,225,828Liabilities 2019: $1,942,613Net Assets 2019: -$716,7852019Assets 2020: $1,006,528Liabilities 2020: $1,857,477Net Assets 2020: -$850,9492020Assets 2021: $672,872Liabilities 2021: $1,631,696Net Assets 2021: -$958,8242021Assets 2022: $2,244,811Liabilities 2022: $3,193,720Net Assets 2022: -$948,9092022Assets 2023: $2,075,154Liabilities 2023: $2,943,842Net Assets 2023: -$868,6882023Assets 2025: $1,776,003Liabilities 2025: $2,621,849Net Assets 2025: -$845,8462025

Highlighted filing

2017

Assets$1,585,909
Liabilities$2,267,730
Net Assets-$681,821
Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $679,0302010Revenue 2011: $701,757Expenses 2011: $699,104Net Income 2011: $2,6532011Expenses 2012: $775,3522012Expenses 2013: $906,6192013Revenue 2014: $1,000,015Expenses 2014: $1,011,891Net Income 2014: -$11,8762014Revenue 2015: $1,002,673Expenses 2015: $983,512Net Income 2015: $19,1612015Revenue 2016: $1,109,365Expenses 2016: $1,078,599Net Income 2016: $30,7662016Revenue 2017: $1,345,234Expenses 2017: $1,582,274Net Income 2017: -$237,0402017Revenue 2018: $1,512,187Expenses 2018: $1,739,632Net Income 2018: -$227,4452018Revenue 2019: $1,624,778Expenses 2019: $1,432,297Net Income 2019: $192,4812019Revenue 2020: $1,702,653Expenses 2020: $1,836,817Net Income 2020: -$134,1642020Revenue 2021: $1,739,501Expenses 2021: $1,847,376Net Income 2021: -$107,8752021Revenue 2022: $1,898,391Expenses 2022: $1,889,042Net Income 2022: $9,3492022Revenue 2023: $2,218,471Expenses 2023: $2,138,250Net Income 2023: $80,2212023Revenue 2025: $2,101,875Expenses 2025: $2,065,945Net Income 2025: $35,9302025

Highlighted filing

2017

Revenue$1,345,234
Expenses$1,582,274
Net Income-$237,040
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 25, 2018
Return Version
2016v3.0
Gross Receipts
$1,346,575
Mission and Program Overview

Mission

Great expectations school is organized for the purpose of operating a results oriented charter school pursuant to minnesota statutes 124d.10.

The mission of the school is to develop in each child a love of learning; critical and creative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$151,378$165,507▲ $14,129
Cash and Non-Interest-Bearing Accounts$13,226$40,712▲ $27,486
Land, Buildings, and Equipment, Net$29,677$29,417▼ $260
Loans From Officers Directors$22,000--
Prepaid Expenses and Deferred Charges$2,700--
Savings and Temporary Cash Investments$430$545▲ $115
Accounts Receivable$487--
Total Assets$298,086$1,585,909▲ $1,287,823
Other Assets Total$100,188$1,349,728▲ $1,249,540
Liabilities
Other Liabilities$658,995$2,168,966▲ $1,509,971
Mortgage Notes Payable Secured by Investment Property$47,037$65,098▲ $18,061
Deferred Revenue-$21,674-
Accounts Payable and Accrued Expenses$14,835$11,992▼ $2,843
Total Liabilities$742,867$2,267,730▲ $1,524,863
Net Assets / Fund Balance
Temporarily Rstr Net Assets$136$7,097▲ $6,961
Unrestricted Net Assets$-444,917$-688,918▼ $244,001
Total Net Assets Fund Balance$-444,781$-681,821▼ $237,040
Total Liabilities and Net Assets / Fund Balance$298,086$1,585,909▲ $1,287,823

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,809$186,798$194,607
Leasehold Improvements$21,608$5,264$26,872
Other Assets Org$1,349,728--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter JamesDirectorFT$60,807$4,560$65,367
Suzy SchweigSecretaryFT$43,527$3,264$46,791
Anna BrownMember at Large-$32,014$2,392$34,406
Beth FerryBusiness ManagerFT$29,857$2,239$32,096

Board Members and Trustees

NameTitle
Alyssa HedstromChairperson
Lee StewartVice-chairperson
Carolyn FritzMember at Large
Dylan DragsweikMember at Large
Mike CarlsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,337,846
Program Service Revenue
$5,588
Investment Income
$130
Other Revenue
$1,670
All Other Contributions
$26,635
Change in Net Assets
$-237,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,345,234
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,345,234
Total Revenue per Form 990
$1,345,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,169,039
Other Expenses$413,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$510,678$27,873-$538,551
Pension Plan Contributions$296,151$2,059-$298,210
Current Officers, Directors, Trustees, and Key Employees$83,074$98,281-$181,355
Occupancy$154,206$2,363-$156,569
Fees for Services Other$122,899$892-$123,791
Other Employee Benefits$82,306$19,361-$101,667
Payroll Taxes$40,750$8,506-$49,256
Travel$12,017$9,379-$21,396
Fees for Services Accounting-$19,642-$19,642
Office Expenses$1,988$10,096-$12,084
Conferences and Meetings$8,551--$8,551
Insurance-$6,652-$6,652
Interest-$2,807-$2,807
Other Expenses$57,412$2,382-$2,382
Depreciation Depletion$1,805--$1,805
Advertising-$144-$144
Total Functional Expenses$1,371,837$210,437$0$1,582,274

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,582,274
Total Expenses per Audited Statements$1,582,274
Total Expenses per Form 990$1,582,274
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,011
Fundraising Direct Expenses$1,341
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$22,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,064,992
Deferred Inflows of Resources$103,974
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The accountants prepare the 990 and present it to the board of directors, which, after discussion, approves and signs it.”

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

“Annually all members complete a questionnaire regarding potential conflicts.”

Form 990, Part VI, Section B, Line 15

“Compensation is determined per board review.”

Form 990, Part VI, Section C, Line 19

“Information is available upon request at the school's physical location.”

Filing and Contact Details

Filer

Filer Name
Great Expectations School
EIN
41-1869463
Phone
2183879322
Address
PO BOX 310, GRAND MARAIS, MN 55604

Signing Officer

Name
Peter James
Title
Director
Phone
2183879322
Signed
2018-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter James
Formed
2002
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
31
Volunteers
50

Preparer

Firm
Miller Mcdonald Inc
Address
513 BELTRAMI AVE NW, BEMIDJI, MN 56601
Preparer
James Aylesworth
Phone
2187516300
Raw XML AppendixShowing 400 of 487 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt014835
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011992
IRS990/AccountsReceivableGrp/BOYAmt0487
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF THE SCHOOL IS TO DEVELOP IN EACH CHILD A LOVE OF LEARNING; CRITICAL AND CREATIVE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0144
IRS990/AdvertisingGrp/TotalAmt0144
IRS990/AllOtherContributionsAmt026635
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum02183879322
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 310
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAND MARAIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055604
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt013226
IRS990/CashNonInterestBearingGrp/EOYAmt040712
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt098281
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt083074
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0181355
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt08551
IRS990/ConferencesMeetingsGrp/TotalAmt08551
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01337846
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0130
IRS990/CYOtherExpensesAmt0413235
IRS990/CYOtherRevenueAmt01670
IRS990/CYProgramServiceRevenueAmt05588
IRS990/CYRevenuesLessExpensesAmt0-237040
IRS990/CYSalariesCompEmpBnftPaidAmt01169039
IRS990/CYTotalExpensesAmt01582274
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01345234
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt021674
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01805
IRS990/DepreciationDepletionGrp/TotalAmt01805
IRS990/Desc0GREAT EXPECTATIONS SCHOOL IS ORGANIZED FOR THE PURPOSE OF OPERATING A RESULTS ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES 124D.10. DURING THE FISCAL YEAR ENDED JUNE 30, 2017, THE SCHOOL HAD AN AVERAGE DAILY MEMBERSHIP (ADM) OF 100.20 STUDENTS IN THE KINDERGARTEN THROUGH EIGHTH GRADE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt031
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01371837
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019642
IRS990/FeesForServicesAccountingGrp/TotalAmt019642
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0892
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0122899
IRS990/FeesForServicesOtherGrp/TotalAmt0123791
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt23264
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt52392
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt74560
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt82239
IRS990/Form990PartVIISectionAGrp/PersonNm0ALYSSA HEDSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm1LEE STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm2SUZY SCHWEIG
IRS990/Form990PartVIISectionAGrp/PersonNm3MIKE CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm4DYLAN DRAGSWEIK
IRS990/Form990PartVIISectionAGrp/PersonNm5ANNA BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm6CAROLYN FRITZ
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm8BETH FERRY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt243527
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt532014
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt760807
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt829857
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8BUSINESS MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt01341
IRS990/FundraisingGrossIncomeAmt03011
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt01311211
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01346575
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06652
IRS990/InsuranceGrp/TotalAmt06652
IRS990/InterestGrp/ManagementAndGeneralAmt02807
IRS990/InterestGrp/TotalAmt02807
IRS990/InvestmentIncomeGrp/ExclusionAmt0130
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0130
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0192062
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029677
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029417
IRS990/LandBldgEquipCostOrOtherBssAmt0221479
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt022000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GREAT EXPECTATIONS SCHOOL IS ORGANIZED FOR THE PURPOSE OF OPERATING A RESULTS ORIENTED CHARTER SCHOOL PURSUANT TO MINNESOTA STATUTES 124D.10.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt047037
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt065098
IRS990/NetAssetsOrFundBalancesBOYAmt0-444781
IRS990/NetAssetsOrFundBalancesEOYAmt0-681821
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01670
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01670
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02363
IRS990/OccupancyGrp/ProgramServicesAmt0154206
IRS990/OccupancyGrp/TotalAmt0156569
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010096
IRS990/OfficeExpensesGrp/ProgramServicesAmt01988
IRS990/OfficeExpensesGrp/TotalAmt012084
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0100188
IRS990/OtherAssetsTotalGrp/EOYAmt01349728
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019361
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt082306
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0101667
IRS990/OtherExpensesGrp/Desc0MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02382
IRS990/OtherExpensesGrp/ProgramServicesAmt057412
IRS990/OtherExpensesGrp/TotalAmt057412
IRS990/OtherExpensesGrp/TotalAmt12382
IRS990/OtherLiabilitiesGrp/BOYAmt0658995
IRS990/OtherLiabilitiesGrp/EOYAmt02168966
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027873
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0510678
IRS990/OtherSalariesAndWagesGrp/TotalAmt0538551
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08506
IRS990/PayrollTaxesGrp/ProgramServicesAmt040750
IRS990/PayrollTaxesGrp/TotalAmt049256
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02059
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0296151
IRS990/PensionPlanContributionsGrp/TotalAmt0298210
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0151378
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0165507
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02700
IRS990/PrincipalOfficerNm0PETER JAMES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1955
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01104506
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt043
IRS990/PYOtherExpensesAmt0325816
IRS990/PYOtherRevenueAmt0179
IRS990/PYProgramServiceRevenueAmt04637
IRS990/PYRevenuesLessExpensesAmt030766
IRS990/PYSalariesCompEmpBnftPaidAmt0752783
IRS990/PYTotalExpensesAmt01078599
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01109365
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-237040
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05588
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0430
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0545
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt07809
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0186798
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0194607
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01582274
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021608
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05264
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026872
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01349728
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02064992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1103974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01345234
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029417
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01349728
IRS990ScheduleD/TotalExpensesPerForm990Amt01582274
IRS990ScheduleD/TotalLiabilityAmt02168966
IRS990ScheduleD/TotalRevenuePerForm990Amt01345234
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01345234
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01582274
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/ExplanationTxt0GREAT EXPECTATIONS SCHOOL'S NON-DISCRIMINATORY POLICY IS AVAILABLE ON ITS WEBSITE, APPLICATION, BORCHURES, AND ADVERTISEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1GREAT EXPECTATIONS SCHOOL IS A MINNESOTA CHARTER SCHOOL THAT IS IN COMPLIANCE WITH MN STATUTE 124D.10. AS SUCH, THIS STATUTE ALLOWS FOR THE SCHOOL TO RECEIVE BOTH FEDERAL AND STATE AIDS AND GRANTS FROM AND THROUGH THE MINNESOTA DEPARTMENT OF EDUCATION AND THE US DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0GREAT EXPECTATIONS FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO COVER THE SHORT-TERM CASH FLOW DEFICIT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1TO COVER THE SHORT-TERM CASH FLOW DEFICIT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt117000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0NINA SIMONOWICZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SUBSTANTIAL CONTRIBUTOR/RELATED ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1FOUNDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTANTS PREPARE THE 990 AND PRESENT IT TO THE BOARD OF DIRECTORS, WHICH, AFTER DISCUSSION, APPROVES AND SIGNS IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY ALL MEMBERS COMPLETE A QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED PER BOARD REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE UPON REQUEST AT THE SCHOOL'S PHYSICAL LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREAT EXPECTATIONS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205931949
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE SUPPORT FOR THE GREAT EXPECTATIONS SCHOOL.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GRAND MARAIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055604
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0101256
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GREAT EXPECTATIONS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,585,909
Liabilities
$2,267,730
Net assets
-$681,821
Revenue
$1,345,234
Expenses
$1,582,274
Net income
-$237,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$2.62$0.85$2.10$2.07$0.04
2023Summary only. Only limited summary data is available for this year.$2.08$2.94$0.87$2.22$2.14$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$3.19$0.95$1.90$1.89$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$1.63$0.96$1.74$1.85$0.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$1.86$0.85$1.70$1.84$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$1.94$0.72$1.62$1.43$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$2.19$0.91$1.51$1.74$0.23
2017Detailed filing. Detailed filing data is available for this year.$1.59$2.27$0.68$1.35$1.58$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.74$0.44$1.11$1.08$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.72$0.48$1.00$0.98$0.02
2014Summary only. Only limited summary data is available for this year.$0.15$0.06$0.09$1.00$1.01$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.11$0.10$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.23$0.11$0.78
2011Summary only. Only limited summary data is available for this year.$0.27$0.17$0.09$0.70$0.70$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.15$0.09$0.68