Civic Intelligence

Twin Cities Academy

990 • Fiscal year 2010 • EIN 41-1888852

Jul 01, 2009 to Jun 30, 2010 • Filed on Jan 21, 2011

835 East 5th Street55106
Siviq Scores

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

Liabilities / Assets

53rd percentile

0.17x

Higher debt load relative to assets than 53% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$936,175

No earlier filing loaded for comparison.

Net Assets

$778,216

No earlier filing loaded for comparison.

Liabilities

$157,959

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,895,112

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $936,175Liabilities 2010: $157,959Net Assets 2010: $778,2162010Assets 2011: $931,416Liabilities 2011: $163,468Net Assets 2011: $767,9482011Assets 2012: $1,032,402Liabilities 2012: $223,458Net Assets 2012: $808,9442012Assets 2013: $1,036,139Liabilities 2013: $180,179Net Assets 2013: $855,9602013Assets 2014: $1,170,866Liabilities 2014: $226,086Net Assets 2014: $944,7802014Assets 2015: $1,549,251Liabilities 2015: $1,305,935Net Assets 2015: $243,3162015Assets 2016: $1,663,360Liabilities 2016: $1,172,988Net Assets 2016: $490,3722016

Highlighted filing

2010

Assets$936,175
Liabilities$157,959
Net Assets$778,216

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,895,1122010Revenue 2011: $1,852,569Expenses 2011: $1,862,837Net Income 2011: -$10,2682011Expenses 2012: $1,812,4802012Revenue 2013: $2,052,688Expenses 2013: $2,005,672Net Income 2013: $47,0162013Revenue 2014: $2,367,532Expenses 2014: $2,278,712Net Income 2014: $88,8202014Revenue 2015: $2,878,071Expenses 2015: $2,658,598Net Income 2015: $219,4732015Revenue 2016: $3,397,875Expenses 2016: $3,150,819Net Income 2016: $247,0562016

Highlighted filing

2010

Revenue-
Expenses$1,895,112
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Jan 21, 2011
Return Version
2009v1.7
Gross Receipts
$1,830,622
Mission and Program Overview

Mission

Twin Cities Academy is a St. Paul Charter School, serving grades (6-8), committed to developing productive citizens through academic rigor and building character in partnership with families and the community.

Filing and Contact Details

Filer

EIN
41-1888852
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3) and is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2010.
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IRS990ScheduleE/GovtFinancialAidExplanation0The Academy receives state and federal aid payments for the purpose of providing educational services to its students.
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IRS990ScheduleE/PubViaBroadcastMediaExpln0The policy is posted on the Academy's website and is printed on the application which is provided to students and prospective students.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Liz Wynne is the Principal/Director for Twin Cities Academy and Twin Cities Academy High School, an unrelated organization. Twin Cities Academy High School paid Ms. Wynne, $26,540 for services rendered during calendar year 2009.
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IRS990ScheduleO/GeneralExplanation/Explanation0The 990 tax return is completed by an independent auditor and is reviewed by the Board of Directors after being submitted. The board has granted authority to Liz Wynne to review and sign the return prior to being submitted.
IRS990ScheduleO/GeneralExplanation/Explanation1For the annual audit, each board member completes a conflict of interest form which is reviewed by the board to ensure no conflicts exist. These forms are updated annually or as needed.
IRS990ScheduleO/GeneralExplanation/Explanation2The board of directors reviews and approves all compensation to employees. Compensation is determined by the market for that particular position and past preformance.
IRS990ScheduleO/GeneralExplanation/Explanation3Governing documents, conflict of interest policy's, and financial statements are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.
IRS990ScheduleO/GeneralExplanation/Explanation5Made an effort to obtain information on compensation, if any, was paid from a related organization. No responses received, however the client provided a breakdown of payments betweem the Twin Cities Academy and the Twin Cities Academy High School.
IRS990ScheduleO/GeneralExplanation/Explanation6Several members of the Board are teachers at the Academy. Minnesota State statute 124D.10 Subd. 4.(g) requires the board to have at least one employed or contracted teacher.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part XI, Line 2c:
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Section A, Line 1b:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Related Organization Compensation:
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