Civic Intelligence

Cyber Village Academy Inc.

990 • Fiscal year 2016 • EIN 41-1890992

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 05, 2017

Organization Profilecva.k12.mn.us

View Organization Page

768 Hamline Avenue SouthSt Paul, MN 55116

(651) 523-7170

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.12x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

0.54x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

55th percentile

3.8%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

66th percentile

$92,867

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

21%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$1,320,509

Up $350,403 (+36%) from 2015

Net Assets

Up

-$152,070

Up $103,927 (+41%) from 2015

Liabilities

Up

$1,472,579

Up $246,476 (+20%) from 2015

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin55th percentile

Revenue

Up

$2,714,003

Up $463,181 (+21%) from 2015

Expenses

Up

$2,610,076

Up $701,912 (+37%) from 2015

Net Income

Down

$103,927

Down $238,731 (-70%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $423,260Liabilities 2010: $326,611Net Assets 2010: $96,6492010Assets 2011: $485,652Liabilities 2011: $397,784Net Assets 2011: $87,8682011Assets 2012: $609,397Liabilities 2012: $466,315Net Assets 2012: $143,0822012Assets 2013: $402,359Liabilities 2013: $187,229Net Assets 2013: $215,1302013Assets 2014: $516,229Liabilities 2014: $165,394Net Assets 2014: $350,8352014Assets 2015: $970,106Liabilities 2015: $1,226,103Net Assets 2015: -$255,9972015Assets 2016: $1,320,509Liabilities 2016: $1,472,579Net Assets 2016: -$152,0702016Assets 2017: $4,571,671Liabilities 2017: $5,378,026Net Assets 2017: -$806,3552017Assets 2018: $4,586,693Liabilities 2018: $6,386,104Net Assets 2018: -$1,799,4112018Assets 2019: $4,075,447Liabilities 2019: $5,336,168Net Assets 2019: -$1,260,7212019Assets 2020: $3,756,184Liabilities 2020: $5,269,766Net Assets 2020: -$1,513,5822020Assets 2021: $3,346,101Liabilities 2021: $4,478,079Net Assets 2021: -$1,131,9782021Assets 2022: $3,839,295Liabilities 2022: $5,234,055Net Assets 2022: -$1,394,7602022Assets 2023: $2,511,956Liabilities 2023: $3,648,582Net Assets 2023: -$1,136,6262023Assets 2024: $2,530,641Liabilities 2024: $3,340,231Net Assets 2024: -$809,5902024

Highlighted filing

2016

Assets$1,320,509
Liabilities$1,472,579
Net Assets-$152,070
Open 2016 Filing

Operations Trend

Revenue Growth77th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,176,0122010Revenue 2011: $1,277,929Expenses 2011: $1,286,710Net Income 2011: -$8,7812011Expenses 2012: $1,415,9462012Expenses 2013: $1,640,8582013Revenue 2014: $1,798,497Expenses 2014: $1,662,792Net Income 2014: $135,7052014Revenue 2015: $2,250,822Expenses 2015: $1,908,164Net Income 2015: $342,6582015Revenue 2016: $2,714,003Expenses 2016: $2,610,076Net Income 2016: $103,9272016Revenue 2017: $3,209,560Expenses 2017: $3,863,845Net Income 2017: -$654,2852017Revenue 2018: $3,523,658Expenses 2018: $4,516,714Net Income 2018: -$993,0562018Revenue 2019: $3,383,030Expenses 2019: $2,844,340Net Income 2019: $538,6902019Revenue 2020: $3,710,573Expenses 2020: $3,963,434Net Income 2020: -$252,8612020Revenue 2021: $4,590,580Expenses 2021: $4,208,976Net Income 2021: $381,6042021Revenue 2022: $4,354,380Expenses 2022: $4,617,162Net Income 2022: -$262,7822022Revenue 2023: $4,035,431Expenses 2023: $3,777,297Net Income 2023: $258,1342023Revenue 2024: $4,672,999Expenses 2024: $4,345,963Net Income 2024: $327,0362024

Highlighted filing

2016

Revenue$2,714,003
Expenses$2,610,076
Net Income$103,927
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 5, 2017
Return Version
2015v3.0
Gross Receipts
$2,714,003
Mission and Program Overview

Mission

Cyber Village Academy prepares students to meet the challenge of a rapidly changing world with confidence by helping them to become inquiring, knowledgeable, caring and active citizens who value academic rigor, integrity, self reliance and compassion.

Provide an education for students in grades K to 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$542,935$413,261▼ $129,674
Cash and Non-Interest-Bearing Accounts$101,224$323,624▲ $222,400
Savings and Temporary Cash Investments$82,628$99,610▲ $16,982
Prepaid Expenses and Deferred Charges$46,089$83,978▲ $37,889
Land, Buildings, and Equipment, Net$50,488$82,679▲ $32,191
Pd in Cap Srpls Land Bldg Eqp Fund$34,702$82,679▲ $47,977
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-290,699$-234,749▲ $55,950
Total Assets$970,106$1,320,509▲ $350,403
Other Assets Total$146,742$317,357▲ $170,615
Liabilities
Other Liabilities$1,064,082$1,239,824▲ $175,742
Accounts Payable and Accrued Expenses$159,632$200,398▲ $40,766
Deferred Revenue$2,389$32,357▲ $29,968
Total Liabilities$1,226,103$1,472,579▲ $246,476
Net Assets / Fund Balance
Total Net Assets Fund Balance$-255,997$-152,070▲ $103,927
Total Liabilities and Net Assets / Fund Balance$970,106$1,320,509▲ $350,403

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$56,893$79,196$136,089
Leasehold Improvements$25,786$775$26,561
Other Assets Org$317,357--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David GlickDirectorFT$85,476$7,391$92,867
Robyn ConsoerVice ChairpersonFT$44,391$4,076$48,467
Justin WewersChairpersonFT$40,451$3,359$43,810
Amanda RedingSecretaryFT$40,319$3,363$43,682
Cassie LeppTreasuerFT$29,679$2,789$32,468

Board Members and Trustees

NameTitle
Bilal DamehMember
Cherly NeimaMember
Christy BuxmanMember
Gretchen TateMember
Michael ItskovichMember
Mark GoodellMember (former)
Megan ColeMember (former)
Revenue and Support

Revenue Composition

Contributions and Grants
$268,628
Program Service Revenue
$2,445,130
Investment Income
$245
Other Revenue
$0
All Other Contributions
$5,494
Change in Net Assets
$103,927

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,714,003
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,714,003
Total Revenue per Form 990
$2,714,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,698,414
Other Expenses$911,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$964,297$100,395-$1,064,692
Occupancy$404,071$12,722-$416,793
Current Officers, Directors, Trustees, and Key Employees$188,636$103,175-$291,811
Fees for Services Other$202,602$365-$202,967
Pension Plan Contributions$114,289$11,843-$126,132
Other Employee Benefits$97,528$17,073-$114,601
Payroll Taxes$85,738$15,440-$101,178
Office Expenses$81,156$15,016-$96,172
Fees for Services Accounting-$65,729-$65,729
Payments to Affiliates$5,705$31,317-$37,022
Fees for Services Management-$13,411-$13,411
Insurance-$10,918-$10,918
Information Technology$9,424--$9,424
Depreciation Depletion$538$4,527-$5,065
Conferences and Meetings$2,323--$2,323
Other Expenses$10,200$494-$494
Total Functional Expenses$2,207,651$402,425$0$2,610,076

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,610,076
Total Expenses per Audited Statements$2,610,076
Total Expenses per Form 990$2,610,076
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
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 - PERA & TRA$1,143,226
Pension Plan deferments - PERA & TRA$96,598
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
No
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 A, line 8B

“There are no committees with the authority to act on behalf of governing body.”

Form 990, Part VI, Section B, line 11

“The return is reviewed and signed by the School's Director prior to filing. The entire board does not review the 990 before filiing.”

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

“The Board receives training and information from MDE and Dieci School Finance, LLC about required policies and procedures. Every year the board completes conflict of interest questionnaires and files them with Dieci School Finance, LLC.”

Form 990, Part VI, Section B, line 15B

“Officers of the Board receive their regular salary whether or not they serve on the Board - in other words, Board membership or Board Officer status have no impact on salary. The Director prepares a school budget, including salaries and benefits budgets, which the board approves. The Board negotiates the Dieci School Finance contract separately and it and all contracts are Board approved. Staff salaries have been adjusted in recent years for equity purposes and are now governed by Q Comp requirements.”

Form 990, Part VI, Section C, line 19

“The organization makes its 990 information, governing documents, conflict of interest policy and financial statements available upon request.”

FORM 990. PART VI, SECTION A, LINE 1B:

“Several members of the board are teachers at the School. Minnesota State Statute 124D.10 Subd. 4.(g) requires the board to have at least one employed or contracted teacher.”

Filing and Contact Details

Filer

Filer Name
Cyber Village Academy
EIN
41-1890992
Phone
6515237170
Address
768 Hamline Avenue South, St Paul, MN 55116
Doing Business As
Cyber Village Academy

Signing Officer

Name
David Glick
Title
Director
Phone
6515237170
Signed
2017-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Glick
Formed
1997
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
5
Employees
47
Volunteers
20

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

FORM 990. PART XII. Line 2C:

“The 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.”

Related Organization Compensation:

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.”

Authorizer

“The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2016 was Innovative Quality Schools.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification (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 effect on their respective financial condition, results of operations, 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, 2016. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. Open audit periods for the Academy are the years ended June 30, 2013, 2014, and 2015.”

Raw XML AppendixShowing 400 of 467 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/GrantsToOrganizationsInd00
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IRS990/GrossReceiptsAmt02714003
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt09424
IRS990/InformationTechnologyGrp/TotalAmt09424
IRS990/InsuranceGrp/ManagementAndGeneralAmt010918
IRS990/InsuranceGrp/TotalAmt010918
IRS990/InvestmentIncomeGrp/ExclusionAmt0245
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0245
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt079971
IRS990/LandBldgEquipBasisNetGrp/BOYAmt050488
IRS990/LandBldgEquipBasisNetGrp/EOYAmt082679
IRS990/LandBldgEquipCostOrOtherBssAmt0162650
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Cyber Village Academy prepares students to meet the challenge of a rapidly changing world with confidence by helping them to become inquiring, knowledgeable, caring and active citizens who value academic rigor, integrity, self reliance and compassion.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-255997
IRS990/NetAssetsOrFundBalancesEOYAmt0-152070
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012722
IRS990/OccupancyGrp/ProgramServicesAmt0404071
IRS990/OccupancyGrp/TotalAmt0416793
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015016
IRS990/OfficeExpensesGrp/ProgramServicesAmt081156
IRS990/OfficeExpensesGrp/TotalAmt096172
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0146742
IRS990/OtherAssetsTotalGrp/EOYAmt0317357
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017073
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt097528
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0114601
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Food
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0494
IRS990/OtherExpensesGrp/ProgramServicesAmt025502
IRS990/OtherExpensesGrp/ProgramServicesAmt115642
IRS990/OtherExpensesGrp/ProgramServicesAmt210200
IRS990/OtherExpensesGrp/TotalAmt025502
IRS990/OtherExpensesGrp/TotalAmt115642
IRS990/OtherExpensesGrp/TotalAmt210200
IRS990/OtherExpensesGrp/TotalAmt3494
IRS990/OtherLiabilitiesGrp/BOYAmt01064082
IRS990/OtherLiabilitiesGrp/EOYAmt01239824
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100395
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0964297
IRS990/OtherSalariesAndWagesGrp/TotalAmt01064692
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt031317
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt05705
IRS990/PaymentsToAffiliatesGrp/TotalAmt037022
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015440
IRS990/PayrollTaxesGrp/ProgramServicesAmt085738
IRS990/PayrollTaxesGrp/TotalAmt0101178
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt034702
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt082679
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011843
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114289
IRS990/PensionPlanContributionsGrp/TotalAmt0126132
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046089
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083978
IRS990/PrincipalOfficerNm0David Glick
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02396401
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt148729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02396401
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148729
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0254485
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0138
IRS990/PYOtherExpensesAmt0710613
IRS990/PYOtherRevenueAmt0456
IRS990/PYProgramServiceRevenueAmt01995743
IRS990/PYRevenuesLessExpensesAmt0342658
IRS990/PYSalariesCompEmpBnftPaidAmt01197551
IRS990/PYTotalExpensesAmt01908164
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02250822
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0103927
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02445130
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082628
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099610
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt056893
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079196
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0136089
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02610076
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025786
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0775
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026561
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0317357
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension plan deferments - PERA & TRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01143226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt196598
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net pension liability - PERA & TRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Plan deferments - PERA & TRA
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02714003
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification (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 effect on their respective financial condition, results of operations, 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, 2016. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. Open audit periods for the Academy are the years ended June 30, 2013, 2014, and 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt082679
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0317357
IRS990ScheduleD/TotalExpensesPerForm990Amt02610076
IRS990ScheduleD/TotalLiabilityAmt01239824
IRS990ScheduleD/TotalRevenuePerForm990Amt02714003
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02714003
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02610076
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/ExplanationTxt0The Academy's admissions policies, including nondiscrimination policy are published on the school's website and as such are readily available to the public.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives aids through the State of Minnesota for the purpose of providing educational services to its students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The return is reviewed and signed by the School's Director prior to filing. The entire board does not review the 990 before filiing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board receives training and information from MDE and Dieci School Finance, LLC about required policies and procedures. Every year the board completes conflict of interest questionnaires and files them with Dieci School Finance, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Officers of the Board receive their regular salary whether or not they serve on the Board - in other words, Board membership or Board Officer status have no impact on salary. The Director prepares a school budget, including salaries and benefits budgets, which the board approves. The Board negotiates the Dieci School Finance contract separately and it and all contracts are Board approved. Staff salaries have been adjusted in recent years for equity purposes and are now governed by Q Comp requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its 990 information, governing documents, conflict of interest policy and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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/SupplementalInformationDetail/ExplanationTxt6Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Several members of the board are teachers at the School. Minnesota State Statute 124D.10 Subd. 4.(g) requires the board to have at least one employed or contracted teacher.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2016 was Innovative Quality Schools.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
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 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990. PART XII. Line 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Related Organization Compensation:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990. PART VI, SECTION A, LINE 1B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8AUTHORIZER
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0970106
IRS990/TotalAssetsEOYAmt01320509

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,320,509
Liabilities
$1,472,579
Net assets
-$152,070
Revenue
$2,714,003
Expenses
$2,610,076
Net income
$103,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$3.34$0.81$4.67$4.35$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$3.65$1.14$4.04$3.78$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$5.23$1.39$4.35$4.62$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$4.48$1.13$4.59$4.21$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$5.27$1.51$3.71$3.96$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$5.34$1.26$3.38$2.84$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$6.39$1.80$3.52$4.52$0.99
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$5.38$0.81$3.21$3.86$0.65
2016Detailed filing. Detailed filing data is available for this year.$1.32$1.47$0.15$2.71$2.61$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.97$1.23$0.26$2.25$1.91$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.35$1.80$1.66$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.19$0.22$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.47$0.14$1.42
2011Summary only. Only limited summary data is available for this year.$0.49$0.40$0.09$1.28$1.29$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.33$0.10$1.18
Peer Organizations

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