Civic Intelligence

Odyssey Academy

990 • Fiscal year 2019 • EIN 41-1897009

Jul 01, 2018 to Feb 08, 2019 • Filed on Jul 17, 2019

Organization Profilewww.odysseyacademy.org
580 Lakeshore CircleAnnandale, MN 55302

(763) 971-8200

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

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

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

36th percentile

$665

Higher top officer pay than 36% of similar nonprofits.

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

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

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

100th percentile

17833%

Faster revenue growth than 100% of similar nonprofits.

2019 filings • 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

Net Assets

Up

$0

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

Liabilities

Down

$0

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

Revenue And Expenses
Liabilities / Revenue15th 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

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$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 across loaded years, with this 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
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Feb 8, 2019
Signed
Jul 17, 2019
Return Version
2018v3.1
Gross Receipts
$3,207,509
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$835,863$0▼ $835,863
Cash and Non-Interest-Bearing Accounts$71,063$0▼ $71,063
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,294,338$0▼ $3,294,338
Other Assets Total$2,387,412$0▼ $2,387,412
Liabilities
Other Liabilities$5,594,120$0▼ $5,594,120
Accounts Payable and Accrued Expenses$2,696--
Total Liabilities$5,596,816$0▼ $5,596,816
Net Assets / Fund Balance
Unrestricted Net Assets$-2,302,478$0▲ $2,302,478
Total Net Assets Fund Balance$-2,302,478$0▲ $2,302,478
Total Liabilities and Net Assets / Fund Balance$3,294,338$0▼ $3,294,338
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John SedeyExecutive DirectorFT$665$665

Board Members and Trustees

NameTitle
Teneshia KragnessChairperson
Julie PouliotVice Chair
Christy GrigorDirector
Jessica DriscollDirector
Heidi PearsonClerk
Georgette DorseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$195
Program Service Revenue
$0
Investment Income
$606
Other Revenue
$3,206,708
All Other Contributions
$72
Change in Net Assets
$3,176,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,851
Salaries, Compensation, and Employee Benefits$644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$13,000-$13,000
Fees for Services Other-$11,675-$11,675
Insurance$3,657--$3,657
Fees for Services Legal-$1,218-$1,218
Other Expenses$205$1,001-$1,206
Other Salaries and Wages-$665-$665
Office Expenses$51--$51
Travel$44--$44
Other Employee Benefits-$-21-$-21
Total Functional Expenses$3,957$27,538$0$31,495
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
580 Lakeshore Circle, Annandale, MN 55302

Signing Officer

Name
Teneshia Kragness
Title
Board Chair
Phone
7639718200
Signed
2019-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teneshia Kragness
Formed
1997
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
0

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

“The Organization is no longer in operation. The school building was closed during the year.”

Form 990, Part IX, line 11G

“Contract for Services: Program service expenses 0. Management and general expenses 11,675. Fundraising expenses 0. Total expenses 11,675.”

Form 990, Part XI, line 9:

“Cash distribution -873,536.”

Raw XML AppendixShowing 400 of 417 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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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
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Roseville
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd055113
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is no longer in operation. The school building was closed during the year.
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/ExplanationTxt5Contract for Services: Program service expenses 0. Management and general expenses 11,675. Fundraising expenses 0. Total expenses 11,675.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Cash distribution -873,536.
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 IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt011c
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06201 Noble Avenue North
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Brooklyn Center
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055429
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt03294338
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt03294338
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0195
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027538
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03957
IRS990/TotalFunctionalExpensesGrp/TotalAmt031495
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05596816
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05596816
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2302478
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03957
IRS990/TotalReportableCompFromOrgAmt0665
IRS990/TotalRevenueGrp/ExclusionAmt0606
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03206708
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03207509
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03294338
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt044
IRS990/TravelGrp/TotalAmt044
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2302478
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0580 Lakeshore Circle
IRS990/USAddress/CityNm0Annandale
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055302
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.odysseyacademy.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Teneshia Kragness
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum07639718200
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Odyssey Academy
ReturnHeader/Filer/BusinessNameControlTxt0ODYS
ReturnHeader/Filer/EIN0411897009
ReturnHeader/Filer/PhoneNum07639718200
ReturnHeader/Filer/USAddress/AddressLine1Txt0580 Lakeshore Circle
ReturnHeader/Filer/USAddress/CityNm0Annandale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055302
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId020A67B4919B77FF8CFF348BD3EF92B703FA5739F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId077D0917DE69212FF3CA9DD73D104435CE8561F5A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

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
2019Detailed filing. Detailed filing data is available for this year.$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