Civic Intelligence

Great Expectations School

990 • Fiscal year 2023 • EIN 41-1869463

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 31, 2024

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

97th percentile

1.42x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

49th percentile

3.6%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$39,892

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

16th percentile

-7.6%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

17%

Faster revenue growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Flat

$2,075,154

Flat from 2023

Net Assets

Flat

-$868,688

Flat from 2023

Liabilities

Flat

$2,943,842

Flat from 2023

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin49th percentile

Revenue

Flat

$2,218,471

Flat from 2023

Expenses

Flat

$2,138,250

Flat from 2023

Net Income

Flat

$80,221

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth16th 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 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

2023

Assets$2,075,154
Liabilities$2,943,842
Net Assets-$868,688
Open 2023 Filing

Operations Trend

Revenue Growth64th 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 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

2023

Revenue$2,218,471
Expenses$2,138,250
Net Income$80,221
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 31, 2024
Return Version
2022v5.0
Gross Receipts
$2,227,748
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
Land, Buildings, and Equipment, Net$1,559,832$1,453,825▼ $106,007
Pledges and Grants Receivable$185,633$166,221▼ $19,412
Cash and Non-Interest-Bearing Accounts$17,626$38,831▲ $21,205
Prepaid Expenses and Deferred Charges-$5,918-
Savings and Temporary Cash Investments$1,220$812▼ $408
Accounts Receivable$7,293$402▼ $6,891
Total Assets$2,244,811$2,075,154▼ $169,657
Other Assets Total$473,207$409,145▼ $64,062
Liabilities
Other Liabilities$3,133,053$2,887,066▼ $245,987
Mortgage Notes Payable Secured by Investment Property$49,629$45,116▼ $4,513
Accounts Payable and Accrued Expenses$9,613$9,274▼ $339
Deferred Revenue$1,425$2,386▲ $961
Total Liabilities$3,193,720$2,943,842▼ $249,878
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,525$7,638▲ $113
Net Assets Without Donor Restrictions$-956,434$-876,326▲ $80,108
Total Net Assets Fund Balance$-948,909$-868,688▲ $80,221
Total Liabilities and Net Assets / Fund Balance$2,244,811$2,075,154▼ $169,657

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,422,830$218,890$1,641,720
Equipment$13,193$100,048$113,241
Leasehold Improvements$17,802$9,070$26,872
Other Assets Org$409,145--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel LehmanDirectorFT$36,750$3,142$39,892
Erika KirschSecretaryFT$28,625$2,447$31,072
Chandler LitterstMember at Large-$23,223$1,840$25,063
Beth FerryBusiness ManagerFT$21,172$1,460$22,632

Board Members and Trustees

NameTitle
Andrea OrestChairperson
Joe DrotosVice-chairperson
Mike CarlsonMember at Large
Nikki RiceMember at Large
Sarah McmanusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,184,272
Program Service Revenue
$32,642
Investment Income
$-5,403
Other Revenue
$6,960
All Other Contributions
$49,475
Change in Net Assets
$80,221

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,218,471
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,218,471
Total Revenue per Form 990
$2,218,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,421,164
Other Expenses$717,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$920,881$51,406-$972,287
Fees for Services Other$244,330$21,776-$266,106
Current Officers, Directors, Trustees, and Key Employees$111,339$124,996-$236,335
Other Employee Benefits$141,102$20,810-$161,912
Interest$113,898$633-$114,531
Depreciation Depletion$112,619--$112,619
Payroll Taxes$78,044$12,489-$90,533
Occupancy$29,788$2,160-$31,948
Travel$5,012$14,393-$19,405
Office Expenses$7,777$8,711-$16,488
Insurance-$15,733-$15,733
Conferences and Meetings$11,814--$11,814
Fees for Services Legal-$10,800-$10,800
Other Expenses$2,807$3,014-$5,821
Advertising-$270-$270
Pension Plan Contributions$-43,708$3,805-$-39,903
Total Functional Expenses$1,847,254$290,996$0$2,138,250

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,138,250
Total Expenses per Audited Statements$2,138,250
Total Expenses per Form 990$2,138,250
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$10,688
Fundraising Direct Expenses$3,728
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
Portion of Long-term Liabilities Due After One Year$1,447,334
Net Pension Liability$1,195,699
Deferred Inflows of Resources$176,926
Portion of Long-term Liabilities Due Within One Year$67,107
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 35% controlled entity
No
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
Rachel Lehman
Title
Director
Phone
2183879322
Signed
2024-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Lehman
Formed
2002
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
6
Employees
49
Volunteers
35

Preparer

Firm
Miller Mcdonald Inc
Address
513 BELTRAMI AVE NW, BEMIDJI, MN 56601
Preparer
Josh Sanden
Phone
2187516300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees: program service expenses 244,330. Management and general expenses 21,776. Fundraising expenses 0. Total expenses 266,106.”

990 Section XII Line 2C

“No change in process from prior year”

Raw XML AppendixShowing 400 of 495 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/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02160
IRS990/OccupancyGrp/ProgramServicesAmt029788
IRS990/OccupancyGrp/TotalAmt031948
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08711
IRS990/OfficeExpensesGrp/ProgramServicesAmt07777
IRS990/OfficeExpensesGrp/TotalAmt016488
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0473207
IRS990/OtherAssetsTotalGrp/EOYAmt0409145
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020810
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0141102
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161912
IRS990/OtherExpensesGrp/Desc0MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03014
IRS990/OtherExpensesGrp/ProgramServicesAmt0111551
IRS990/OtherExpensesGrp/ProgramServicesAmt12807
IRS990/OtherExpensesGrp/TotalAmt0111551
IRS990/OtherExpensesGrp/TotalAmt15821
IRS990/OtherLiabilitiesGrp/BOYAmt03133053
IRS990/OtherLiabilitiesGrp/EOYAmt02887066
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051406
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0920881
IRS990/OtherSalariesAndWagesGrp/TotalAmt0972287
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012489
IRS990/PayrollTaxesGrp/ProgramServicesAmt078044
IRS990/PayrollTaxesGrp/TotalAmt090533
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03805
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-43708
IRS990/PensionPlanContributionsGrp/TotalAmt0-39903
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0185633
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0166221
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05918
IRS990/PrincipalOfficerNm0RACHEL LEHMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024243
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18399
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01888655
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0160
IRS990/PYOtherExpensesAmt0542330
IRS990/PYOtherRevenueAmt05896
IRS990/PYProgramServiceRevenueAmt03680
IRS990/PYRevenuesLessExpensesAmt09349
IRS990/PYSalariesCompEmpBnftPaidAmt01346712
IRS990/PYTotalExpensesAmt01889042
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01898391
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt080221
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt032642
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01220
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0812
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/BookValueAmt013193
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100048
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113241
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02138250
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017802
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09070
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026872
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0409145
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW OF RESOURCES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01422830
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0218890
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01641720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01195699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1176926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt267107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31447334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PORTION OF LONG-TERM LIABILITIES DUE WITHIN ONE YEAR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PORTION OF LONG-TERM LIABILITIES DUE AFTER ONE YEAR
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02218471
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01453825
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0409145
IRS990ScheduleD/TotalExpensesPerForm990Amt02138250
IRS990ScheduleD/TotalLiabilityAmt02887066
IRS990ScheduleD/TotalRevenuePerForm990Amt02218471
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02218471
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02138250
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 FREE TUITION SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2GREAT EXPECTATIONS SCHOOL IS A FREE TUITION SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3GREAT 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 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 5
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt4OTHER FEES: PROGRAM SERVICE EXPENSES 244,330. MANAGEMENT AND GENERAL EXPENSES 21,776. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 266,106.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN PROCESS FROM PRIOR YEAR
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5990 SECTION XII LINE 2C
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

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,075,154
Liabilities
$2,943,842
Net assets
-$868,688
Revenue
$2,218,471
Expenses
$2,138,250
Net income
$80,221
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
2023Detailed filing. Detailed filing data is available for this year.$2.08$2.94$0.87$2.22$2.14$0.08
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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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