Civic Intelligence

Cyber Village Academy Inc.

990 • Fiscal year 2017 • EIN 41-1890992

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 06, 2018

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

94th percentile

1.18x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.68x

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

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

Net Margin

13th percentile

-20%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

70th percentile

$101,214

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

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

Asset Growth

98th percentile

246%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$4,571,671

Up $3,251,162 (+246%) from 2016

Net Assets

Down

-$806,355

Down $654,285 (-430%) from 2016

Liabilities

Up

$5,378,026

Up $3,905,447 (+265%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin13th percentile

Revenue

Up

$3,209,560

Up $495,557 (+18%) from 2016

Expenses

Up

$3,863,845

Up $1,253,769 (+48%) from 2016

Net Income

Down

-$654,285

Down $758,212 (-730%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2017

Assets$4,571,671
Liabilities$5,378,026
Net Assets-$806,355
Open 2017 Filing

Operations Trend

Revenue Growth71st 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

2017

Revenue$3,209,560
Expenses$3,863,845
Net Income-$654,285
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 6, 2018
Return Version
2016v3.0
Gross Receipts
$3,209,560
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$413,261$310,079▼ $103,182
Cash and Non-Interest-Bearing Accounts$323,624$286,130▼ $37,494
Land, Buildings, and Equipment, Net$82,679$264,769▲ $182,090
Savings and Temporary Cash Investments$99,610$208,924▲ $109,314
Pd in Cap Srpls Land Bldg Eqp Fund$82,679$140,234▲ $57,555
Prepaid Expenses and Deferred Charges$83,978$101,518▲ $17,540
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-234,749$-946,589▼ $711,840
Total Assets$1,320,509$4,571,671▲ $3,251,162
Other Assets Total$317,357$3,400,251▲ $3,082,894
Liabilities
Other Liabilities$1,239,824$5,127,343▲ $3,887,519
Accounts Payable and Accrued Expenses$200,398$197,357▼ $3,041
Deferred Revenue$32,357$53,326▲ $20,969
Total Liabilities$1,472,579$5,378,026▲ $3,905,447
Net Assets / Fund Balance
Total Net Assets Fund Balance$-152,070$-806,355▼ $654,285
Total Liabilities and Net Assets / Fund Balance$1,320,509$4,571,671▲ $3,251,162

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$239,964$93,204$333,168
Leasehold Improvements$24,805$1,756$26,561
Other Assets Org$2,250--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David GlickDirectorFT$88,884$12,330$101,214
Christy BuxmanMemberFT$63,156$8,745$71,901
Robyn ConsoerVice ChairpersonFT$55,916$6,982$62,898
Lauren OdleSecretaryFT$53,295$4,429$57,724
Cassie LeppTreasuerFT$35,829$5,475$41,304
Frank LeoMemberFT$34,955$5,502$40,457

Board Members and Trustees

NameTitle
Beth SamyChairperson
Bilal DamehMember
Cheryl NeimaMember
Mary Jane KnowlesMember
Revenue and Support

Revenue Composition

Contributions and Grants
$312,322
Program Service Revenue
$2,896,998
Investment Income
$240
Other Revenue
$0
All Other Contributions
$2,118
Change in Net Assets
$-654,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,209,560
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,209,560
Total Revenue per Form 990
$3,209,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,098,946
Other Expenses$1,764,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,021,187$299,821-$1,321,008
Occupancy$511,633$14,098-$525,731
Information Technology$468,276$16,911-$485,187
Current Officers, Directors, Trustees, and Key Employees$261,388$95,550-$356,938
Fees for Services Other$239,971$3,548-$243,519
Office Expenses$215,732$16,954-$232,686
Other Employee Benefits$122,035$42,427-$164,462
Pension Plan Contributions$103,239$28,838-$132,077
Payroll Taxes$96,618$27,843-$124,461
Fees for Services Accounting-$66,437-$66,437
Payments to Affiliates$6,673$18,521-$25,194
Depreciation Depletion$14,764$225-$14,989
Insurance-$14,674-$14,674
Other Expenses$7,768$910-$7,768
Interest-$4,960-$4,960
Conferences and Meetings$4,561--$4,561
Fees for Services Management-$3,108-$3,108
Fees for Services Legal-$1,395-$1,395
Total Functional Expenses$3,207,625$656,220$0$3,863,845

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,865,945
Expenses per Audited Statements$3,863,845
Total Expenses per Form 990$3,863,845
Expenses Not Reported on Form 990$2,100
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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$5,086,316
Pension Plan Deferments - PERA and$41,027
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 11B

“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
2018-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Glick
Formed
1997
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
4
Employees
53
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, 2017. 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, 2014, 2015, and 2016.”

Part XII, Line 2D - Other Adjustments:

“Expenses reported by Building Company 2,100.”

Raw XML AppendixShowing 400 of 513 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/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt016911
IRS990/InformationTechnologyGrp/ProgramServicesAmt0468276
IRS990/InformationTechnologyGrp/TotalAmt0485187
IRS990/InsuranceGrp/ManagementAndGeneralAmt014674
IRS990/InsuranceGrp/TotalAmt014674
IRS990/InterestGrp/ManagementAndGeneralAmt04960
IRS990/InterestGrp/TotalAmt04960
IRS990/InvestmentIncomeGrp/ExclusionAmt0240
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0240
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt094960
IRS990/LandBldgEquipBasisNetGrp/BOYAmt082679
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0264769
IRS990/LandBldgEquipCostOrOtherBssAmt0359729
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/NetAssetsOrFundBalancesBOYAmt0-152070
IRS990/NetAssetsOrFundBalancesEOYAmt0-806355
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt014098
IRS990/OccupancyGrp/ProgramServicesAmt0511633
IRS990/OccupancyGrp/TotalAmt0525731
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016954
IRS990/OfficeExpensesGrp/ProgramServicesAmt0215732
IRS990/OfficeExpensesGrp/TotalAmt0232686
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0317357
IRS990/OtherAssetsTotalGrp/EOYAmt03400251
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042427
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0122035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0164462
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Pension Expense per Act
IRS990/OtherExpensesGrp/Desc3Field Trips
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0910
IRS990/OtherExpensesGrp/ProgramServicesAmt061851
IRS990/OtherExpensesGrp/ProgramServicesAmt135935
IRS990/OtherExpensesGrp/ProgramServicesAmt235994
IRS990/OtherExpensesGrp/ProgramServicesAmt37768
IRS990/OtherExpensesGrp/TotalAmt061851
IRS990/OtherExpensesGrp/TotalAmt136845
IRS990/OtherExpensesGrp/TotalAmt235994
IRS990/OtherExpensesGrp/TotalAmt37768
IRS990/OtherLiabilitiesGrp/BOYAmt01239824
IRS990/OtherLiabilitiesGrp/EOYAmt05127343
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299821
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01021187
IRS990/OtherSalariesAndWagesGrp/TotalAmt01321008
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt018521
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt06673
IRS990/PaymentsToAffiliatesGrp/TotalAmt025194
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027843
IRS990/PayrollTaxesGrp/ProgramServicesAmt096618
IRS990/PayrollTaxesGrp/TotalAmt0124461
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt082679
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0140234
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt028838
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0103239
IRS990/PensionPlanContributionsGrp/TotalAmt0132077
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083978
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0101518
IRS990/PrincipalOfficerNm0David Glick
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02842059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02842059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154939
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0268628
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0245
IRS990/PYOtherExpensesAmt0911662
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02445130
IRS990/PYRevenuesLessExpensesAmt0103927
IRS990/PYSalariesCompEmpBnftPaidAmt01698414
IRS990/PYTotalExpensesAmt02610076
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02714003
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-654285
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02896998
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt099610
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0208924
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0239964
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093204
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0333168
IRS990ScheduleD/ExpensesNotReportedAmt02100
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03863845
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024805
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01756
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026561
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03398001
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments - PERA and
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from Other Funds
IRS990ScheduleD/OtherExpensesIncludedAmt02100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15086316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Plan Deferments - PERA and
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability - PERA & TRA
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03209560
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, 2017. 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, 2014, 2015, and 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Expenses reported by Building Company 2,100.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0264769
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03400251
IRS990ScheduleD/TotalExpensesPerForm990Amt03863845
IRS990ScheduleD/TotalLiabilityAmt05127343
IRS990ScheduleD/TotalRevenuePerForm990Amt03209560
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03209560
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03865945
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 11b
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Cyber Village Acadmey

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
$4,571,671
Liabilities
$5,378,026
Net assets
-$806,355
Revenue
$3,209,560
Expenses
$3,863,845
Net income
-$654,285
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
2017Detailed filing. Detailed filing data is available for this year.$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