Civic Intelligence

Odyssey Academy

EIN 41-1897009 • 501(c)3 • Champlin, MN

Profile

Odyssey academy is committed to providing a nurturing, innovative andchallenging environment emphasizing independent thinking, activelearning, high academic achievement and social responsibility throughpartnerships with families, teachers and communities.

PO Box 568Champlin, MN 55316

www.odysseyacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$665

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

100th percentile

17833%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $3,294,338 (-100%) from 2018

Liabilities

Down

$0

Down $5,596,816 (-100%) from 2018

Net Assets

Up

$0

Up $2,302,478 (+100%) from 2018

Operations
Liabilities / Revenue20th percentileNet Margin99th percentile

Revenue

Up

$3,207,509

Up $3,189,623 (+17833%) from 2018

Expenses

Down

$31,495

Down $1,632,335 (-98%) from 2018

Net Income

Up

$3,176,014

Up $4,821,958 (+293%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $715,751Liabilities 2010: $620,139Net Assets 2010: $95,6122010Assets 2011: $983,914Liabilities 2011: $680,147Net Assets 2011: $303,7672011Assets 2012: $1,301,990Liabilities 2012: $940,986Net Assets 2012: $361,0042012Assets 2013: $805,535Liabilities 2013: $355,639Net Assets 2013: $449,8962013Assets 2014: $1,012,771Liabilities 2014: $265,315Net Assets 2014: $747,4562014Assets 2015: $1,807,669Liabilities 2015: $2,382,397Net Assets 2015: -$574,7282015Assets 2016: $2,159,514Liabilities 2016: $2,425,636Net Assets 2016: -$266,1222016Assets 2017: $5,561,433Liabilities 2017: $6,217,967Net Assets 2017: -$656,5342017Assets 2018: $3,294,338Liabilities 2018: $5,596,816Net Assets 2018: -$2,302,4782018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,922,7132010Revenue 2011: $3,275,002Expenses 2011: $3,066,847Net Income 2011: $208,1552011Expenses 2012: $3,418,9632012Revenue 2013: $3,682,236Expenses 2013: $3,593,344Net Income 2013: $88,8922013Revenue 2014: $4,366,567Expenses 2014: $4,069,007Net Income 2014: $297,5602014Revenue 2015: $4,839,986Expenses 2015: $4,314,132Net Income 2015: $525,8542015Revenue 2016: $4,691,048Expenses 2016: $4,382,442Net Income 2016: $308,6062016Revenue 2017: $4,813,858Expenses 2017: $5,204,270Net Income 2017: -$390,4122017Revenue 2018: $17,886Expenses 2018: $1,663,830Net Income 2018: -$1,645,9442018Revenue 2019: $3,207,509Expenses 2019: $31,495Net Income 2019: $3,176,0142019

Highlighted filing

2019

Revenue$3,207,509
Expenses$31,495
Net Income$3,176,014
Open 2019 Filing

Filings

Most recent year

2019 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$3,207,509
Expenses
$31,495
Net income
$3,176,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$3.21$0.03$3.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$5.60$2.30$0.02$1.66$1.65
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$6.22$0.66$4.81$5.20$0.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$2.43$0.27$4.69$4.38$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$2.38$0.57$4.84$4.31$0.53
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.27$0.75$4.37$4.07$0.30
2013Summary only. Only limited summary data is available for this year.$0.81$0.36$0.45$3.68$3.59$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.94$0.36$3.42
2011Summary only. Only limited summary data is available for this year.$0.98$0.68$0.30$3.28$3.07$0.21
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.62$0.10$2.92
Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 18, 2018
Return Version
2017v2.3
Gross Receipts
$28,581
Mission and Program Overview

Mission

Odyssey academy is committed to providing a nurturing, innovative andchallenging environment emphasizing independent thinking, activelearning, high academic achievement and social responsibility throughpartnerships with families, teachers and communities.

Educated students in grades K-8, no longer in operation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,524,860$835,863▼ $688,997
Pledges and Grants Receivable$428,432--
Cash and Non-Interest-Bearing Accounts$17,405$71,063▲ $53,658
Prepaid Expenses and Deferred Charges$28,927--
Accounts Receivable$24,951--
Land, Buildings, and Equipment, Net$12,166--
Total Assets$5,567,053$3,294,338▼ $2,272,715
Other Assets Total$3,530,312$2,387,412▼ $1,142,900
Liabilities
Other Liabilities$6,029,905$5,594,120▼ $435,785
Accounts Payable and Accrued Expenses$193,682$2,696▼ $190,986
Total Liabilities$6,223,587$5,596,816▼ $626,771
Net Assets / Fund Balance
Unrestricted Net Assets$-656,534$-2,302,478▼ $1,645,944
Total Net Assets Fund Balance$-656,534$-2,302,478▼ $1,645,944
Total Liabilities and Net Assets / Fund Balance$5,567,053$3,294,338▼ $2,272,715

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,387,412--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie PouliotVice Chair-$39,226$3,752$42,978
Heidi PearsonClerk-$15,898$2,688$18,586
John SedeyExecutive DirectorFT$17,990-$17,990

Board Members and Trustees

NameTitle
Teneshia KragnessChairperson
Christy GrigorDirector
Jessica DriscollDirector
Georgette DorseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$-65,780
Program Service Revenue
$41,923
Investment Income
$33,234
Other Revenue
$8,509
All Other Contributions
$359
Change in Net Assets
$-1,645,944
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,069,858
Other Expenses$593,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$722,873$6,816-$729,689
Occupancy$327,563--$327,563
Other Salaries and Wages$162,369$111,355-$273,724
Office Expenses$65,466$798-$66,264
Other Employee Benefits$33,694$15,141-$48,835
Fees for Services Other$38,951$6,687-$45,638
Travel$17,862$109-$17,971
Payroll Taxes$11,331$3,879-$15,210
Fees for Services Legal-$11,800-$11,800
Insurance$8,862--$8,862
Other Expenses$7,938$621-$8,559
All Other Expenses$3,820$560-$4,380
Information Technology$3,800--$3,800
Current Officers, Directors, Trustees, and Key Employees-$2,400-$2,400
Depreciation Depletion$1,945$44-$1,989
Conferences and Meetings$100--$100
Total Functional Expenses$1,502,214$161,616$0$1,663,830
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$518
Fundraising Gross Income$23
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
Pension Liability$4,669,060
Deferred Inflow - Pension Resource$925,060
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Form 990 is prepared by an independent accounting firm. Once the form is completed, it is given to the Board Chair for review before it is signed and filed. The entire board does not review the 990 before filing.”

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

“The organization obtains conflict of interest statements from its board members on an annual basis.”

Form 990, Part VI, Section B, line 15

“Compare salaries of similar positions, then the salaries are approved by the board of directors, and a contract is signed.”

Form 990, Part VI, Section C, line 19

“Odyssey Academy makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Odyssey Academy
EIN
41-1897009
Phone
7639718200
Address
PO Box 568, Champlin, MN 55316

Signing Officer

Name
Teneshia Kragness
Title
Board Chair
Phone
7639718200
Signed
2018-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teneshia Kragness
Formed
1997
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
56
Volunteers
10

Preparer

Firm
Abdo Eick & Meyers
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
5076252727
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

“Odyssey Academy ceased operations and closed the school.”

Form 990, Part XII, Line 2C:

“Procedure has not changed from prior year.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Academy also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Academy files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.”

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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0193682
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02696
IRS990/AccountsReceivableGrp/BOYAmt024951
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Educated students in grades K-8, no longer in operation.
IRS990/AllOtherContributionsAmt0359
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0560
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03820
IRS990/AllOtherExpensesGrp/TotalAmt04380
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Dona Fehr
IRS990/BooksInCareOfDetail/PhoneNum07639718200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06201 Noble Ave N
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brooklyn Center
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055429
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt017405
IRS990/CashNonInterestBearingGrp/EOYAmt071063
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02400
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02400
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0100
IRS990/ConferencesMeetingsGrp/TotalAmt0100
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0-65780
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt033234
IRS990/CYOtherExpensesAmt0593972
IRS990/CYOtherRevenueAmt08509
IRS990/CYProgramServiceRevenueAmt041923
IRS990/CYRevenuesLessExpensesAmt0-1645944
IRS990/CYSalariesCompEmpBnftPaidAmt01069858
IRS990/CYTotalExpensesAmt01663830
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt017886
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt044
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01945
IRS990/DepreciationDepletionGrp/TotalAmt01989
IRS990/Desc0Odyssey Academy teaches the whole child in a holistic environment that focuses on creating healthy bodies and healthy minds by fostering healthy eating habits and providing students with gym three times a week. We also maintain an environmentally friendly building. Healthy minds are nurtured in our multi-age classrooms, allowing students the opportunity to learn from one another and allowing parents, students, and teachers to build relationships along with taking expeditions into real world situations, and service learning helps shape our students into responsible, engaged citizens. During the year, we finished our summer school operations and closed the building.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt056
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01502214
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011800
IRS990/FeesForServicesLegalGrp/TotalAmt011800
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06687
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt038951
IRS990/FeesForServicesOtherGrp/TotalAmt045638
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13752
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt32688
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Teneshia Kragness
IRS990/Form990PartVIISectionAGrp/PersonNm1Julie Pouliot
IRS990/Form990PartVIISectionAGrp/PersonNm2Georgette Dorsey
IRS990/Form990PartVIISectionAGrp/PersonNm3Heidi Pearson
IRS990/Form990PartVIISectionAGrp/PersonNm4Christy Grigor
IRS990/Form990PartVIISectionAGrp/PersonNm5Jessica Driscoll
IRS990/Form990PartVIISectionAGrp/PersonNm6John Sedey
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt139226
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt315898
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt617990
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt0518
IRS990/FundraisingGrossIncomeAmt023
IRS990/GainOrLossGrp/OtherAmt032223
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0-66139
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt042400
IRS990/GrossReceiptsAmt028581
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03800
IRS990/InformationTechnologyGrp/TotalAmt03800
IRS990/InsuranceGrp/ProgramServicesAmt08862
IRS990/InsuranceGrp/TotalAmt08862
IRS990/InvestmentIncomeGrp/ExclusionAmt01011
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01011
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012166
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010177
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Odyssey Academy was committed to providing a nurturing, innovative and challenging environment emphasizing independent thinking, active learning, high academic achievement and social responsibility through partnerships with families, teachers and communities. The Organization is no longer in operation.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-656534
IRS990/NetAssetsOrFundBalancesEOYAmt0-2302478
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032223
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032223
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-495
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-495
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0327563
IRS990/OccupancyGrp/TotalAmt0327563
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0798
IRS990/OfficeExpensesGrp/ProgramServicesAmt065466
IRS990/OfficeExpensesGrp/TotalAmt066264
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03530312
IRS990/OtherAssetsTotalGrp/EOYAmt02387412
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015141
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033694
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048835
IRS990/OtherExpensesGrp/Desc0Repairs/Maintenance
IRS990/OtherExpensesGrp/Desc1Rentals/Leases
IRS990/OtherExpensesGrp/Desc2Food/Milk
IRS990/OtherExpensesGrp/Desc3Supplies/Tests/Books
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01406
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1621
IRS990/OtherExpensesGrp/ProgramServicesAmt062684
IRS990/OtherExpensesGrp/ProgramServicesAmt122894
IRS990/OtherExpensesGrp/ProgramServicesAmt210062
IRS990/OtherExpensesGrp/ProgramServicesAmt37938
IRS990/OtherExpensesGrp/TotalAmt062684
IRS990/OtherExpensesGrp/TotalAmt124300
IRS990/OtherExpensesGrp/TotalAmt210062
IRS990/OtherExpensesGrp/TotalAmt38559
IRS990/OtherLiabilitiesGrp/BOYAmt06029905
IRS990/OtherLiabilitiesGrp/EOYAmt05594120
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0PERA Other Revenue
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07637
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11367
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07637
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11367
IRS990/OtherRevenueTotalAmt09004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0111355
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0162369
IRS990/OtherSalariesAndWagesGrp/TotalAmt0273724
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03879
IRS990/PayrollTaxesGrp/ProgramServicesAmt011331
IRS990/PayrollTaxesGrp/TotalAmt015210
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06816
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0722873
IRS990/PensionPlanContributionsGrp/TotalAmt0729689
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0428432
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028927
IRS990/PrincipalOfficerNm0Teneshia Kragness
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition/Fees
IRS990/ProgramServiceRevenueGrp/Desc1Community Services
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous (In Othe
IRS990/ProgramServiceRevenueGrp/Desc3Food Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21079
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21079
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04551826
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01311
IRS990/PYOtherExpensesAmt01872856
IRS990/PYOtherRevenueAmt0107925
IRS990/PYProgramServiceRevenueAmt0152796
IRS990/PYRevenuesLessExpensesAmt0-390412
IRS990/PYSalariesCompEmpBnftPaidAmt03331414
IRS990/PYTotalExpensesAmt05204270
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04813858
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1645944
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt050927
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01524860
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0835863
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02387412
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflow - Pension Resource
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04669060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1925060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow - Pension Resource
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Academy also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Academy files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02387412
IRS990ScheduleD/TotalLiabilityAmt05594120
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 has a nondiscrimanatory policy written in the school handbook.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Explanation of Government Financial Aid: The Academy receives Federal and State aid for the purpose of providing education to students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt017990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Sedey
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt017990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Remaining items sold at auction
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Auctionmasters
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0410467302
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt042400
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0Corporation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Actual
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt019150 Territorial Road
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Osseo
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd055369
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Odyssey Academy ceased operations and closed the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared by an independent accounting firm. Once the form is completed, it is given to the Board Chair for review before it is signed and filed. The entire board does not review the 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization obtains conflict of interest statements from its board members on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compare salaries of similar positions, then the salaries are approved by the board of directors, and a contract is signed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Odyssey Academy makes its governing documents, conflict of interest policy, and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Procedure has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 3
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ASG Building Center
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0208232507
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Facility Rental

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