Civic Intelligence

Community of Peace Building Company

EIN 41-1921973 • 501(c)3 • St Paul, MN

Profile

Manage and maintain owned property that is leased to community of peace academy.

471 Magnolia Avenue EastSt Paul, MN 55130

www.cpapk12.org

Siviq Scores

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

Liabilities / Assets

97th percentile

1.32x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.60x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$162,175

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

28th percentile

-1.6%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

6.7%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,550,760

Down $267,206 (-1.6%) from 2023

Liabilities

Down

$21,851,089

Down $327,785 (-1.5%) from 2023

Net Assets

Up

-$5,300,329

Up $60,579 (+1.1%) from 2023

Revenue

Up

$1,733,858

Up $108,508 (+6.7%) from 2023

Expenses

Down

$1,673,279

Down $20,664 (-1.2%) from 2023

Net Income

Up

$60,579

Up $129,172 (+188%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2011: $13,262,172Liabilities 2011: $16,652,152Net Assets 2011: -$3,389,9802011Assets 2012: $12,917,110Liabilities 2012: $16,251,209Net Assets 2012: -$3,334,0992012Assets 2013: $12,526,729Liabilities 2013: $15,806,142Net Assets 2013: -$3,279,4132013Assets 2014: $11,726,292Liabilities 2014: $15,384,489Net Assets 2014: -$3,658,1972014Assets 2015: $11,400,048Liabilities 2015: $14,998,987Net Assets 2015: -$3,598,9392015Assets 2016: $10,841,633Liabilities 2016: $15,123,909Net Assets 2016: -$4,282,2762016Assets 2017: $10,654,993Liabilities 2017: $14,979,734Net Assets 2017: -$4,324,7412017Assets 2018: $10,441,431Liabilities 2018: $14,801,869Net Assets 2018: -$4,360,4382018Assets 2019: $10,314,573Liabilities 2019: $14,711,735Net Assets 2019: -$4,397,1622019Assets 2020: $19,153,266Liabilities 2020: $24,044,595Net Assets 2020: -$4,891,3292020Assets 2021: $17,498,169Liabilities 2021: $22,633,271Net Assets 2021: -$5,135,1022021Assets 2022: $17,119,698Liabilities 2022: $22,412,013Net Assets 2022: -$5,292,3152022Assets 2023: $16,817,966Liabilities 2023: $22,178,874Net Assets 2023: -$5,360,9082023Assets 2024: $16,550,760Liabilities 2024: $21,851,089Net Assets 2024: -$5,300,3292024

Highlighted filing

2024

Assets$16,550,760
Liabilities$21,851,089
Net Assets-$5,300,329

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,862,0202011Expenses 2012: $1,328,5402012Expenses 2013: $1,284,3382013Revenue 2014: $1,341,016Expenses 2014: $1,263,722Net Income 2014: $77,2942014Revenue 2015: $1,319,019Expenses 2015: $1,259,761Net Income 2015: $59,2582015Revenue 2016: $1,285,005Expenses 2016: $1,968,342Net Income 2016: -$683,3372016Revenue 2017: $1,203,216Expenses 2017: $1,245,681Net Income 2017: -$42,4652017Revenue 2018: $1,217,365Expenses 2018: $1,253,062Net Income 2018: -$35,6972018Revenue 2019: $1,258,431Expenses 2019: $1,295,155Net Income 2019: -$36,7242019Revenue 2020: $1,322,002Expenses 2020: $1,816,169Net Income 2020: -$494,1672020Revenue 2021: $1,436,316Expenses 2021: $1,680,089Net Income 2021: -$243,7732021Revenue 2022: $1,502,967Expenses 2022: $1,660,180Net Income 2022: -$157,2132022Revenue 2023: $1,625,350Expenses 2023: $1,693,943Net Income 2023: -$68,5932023Revenue 2024: $1,733,858Expenses 2024: $1,673,279Net Income 2024: $60,5792024

Highlighted filing

2024

Revenue$1,733,858
Expenses$1,673,279
Net Income$60,579

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.6$21.9$5.30$1.73$1.67$0.06
2023Detailed filing. Detailed filing data is available for this year.$16.8$22.2$5.36$1.63$1.69$0.07
2022Detailed filing. Detailed filing data is available for this year.$17.1$22.4$5.29$1.50$1.66$0.16
2021Detailed filing. Detailed filing data is available for this year.$17.5$22.6$5.14$1.44$1.68$0.24
2020Detailed filing. Detailed filing data is available for this year.$19.2$24.0$4.89$1.32$1.82$0.49
2019Detailed filing. Detailed filing data is available for this year.$10.3$14.7$4.40$1.26$1.30$0.04
2018Detailed filing. Detailed filing data is available for this year.$10.4$14.8$4.36$1.22$1.25$0.04
2017Detailed filing. Detailed filing data is available for this year.$10.7$15.0$4.32$1.20$1.25$0.04
2016Detailed filing. Detailed filing data is available for this year.$10.8$15.1$4.28$1.29$1.97$0.68
2015Detailed filing. Detailed filing data is available for this year.$11.4$15.0$3.60$1.32$1.26$0.06
2014Detailed filing. Detailed filing data is available for this year.$11.7$15.4$3.66$1.34$1.26$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$15.8$3.28$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$16.3$3.33$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$16.7$3.39$1.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 17, 2025
Return Version
2023v6.0
Gross Receipts
$1,733,858
Mission and Program Overview

Mission

Manage and maintain owned property that is leased to Community of Peace Academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,807,670$13,185,666▼ $622,004
Savings and Temporary Cash Investments$2,915,085$3,235,505▲ $320,420
Cap Stk Tr Prin Current Funds$782,525$2,825,260▲ $2,042,735
Cash and Non-Interest-Bearing Accounts$95,211$129,589▲ $34,378
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-6,143,433$-8,125,589▼ $1,982,156
Total Assets$16,817,966$16,550,760▼ $267,206
Liabilities
Tax Exempt Bond Liabilities$21,470,234$21,122,917▼ $347,317
Other Liabilities$628,303$648,830▲ $20,527
Accounts Payable and Accrued Expenses$80,337$79,342▼ $995
Total Liabilities$22,178,874$21,851,089▼ $327,785
Net Assets / Fund Balance
Total Net Assets Fund Balance$-5,360,908$-5,300,329▲ $60,579
Total Liabilities and Net Assets / Fund Balance$16,817,966$16,550,760▼ $267,206

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,877,471$10,192,973$23,070,444
Land$308,195-$308,195
Equipment$0$57,657$57,657
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bonnie JohnsonMember/Teacher$126,458$126,458
Molly HumlTreasurer/Teacher$117,408$117,408

Board Members and Trustees

NameTitle
Jeremy HarveyPresident
Timothy McGowanExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,579,538
Investment Income
$154,320
Other Revenue
$0
Change in Net Assets
$60,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,673,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$921,379--$921,379
Depreciation Depletion$622,002--$622,002
Fees for Services Other$119,198--$119,198
Fees for Services Accounting-$10,700-$10,700
Total Functional Expenses$1,662,579$10,700$0$1,673,279
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
Due to other funds$539,834
Gain on refinancing of bonds$108,996

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Saint Paul MN2015-10-30$14,584,584Refund 2006 Bond Issue
ACity of Saint Paul MN2019-09-12$4,180,701Building Construction
DCity of Saint Paul MN2019-09-12$2,057,774Building Construction
BCity of Saint Paul MN2019-09-12$1,254,210Building Construction
CCity of Saint Paul MN2019-09-12$651,538Building Construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,584,584--$291,691
A$4,180,701--$175,536
D$2,057,774--$86,400
B$1,254,210--$52,661
C$651,538--$27,356

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The Organization's sole member is Community of Peace Academy.

Form 990, Part VI, Section A, line 7A

The sole member of the Organization elects the Board of Directors.

Form 990, Part VI, Section A, line 7B

Amendments to the Organization's governing documents must be approved by the sole member.

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

Community of Peace's Executive Director reviews a draft of the Form 990 with the contracted financial consultant. Upon approval by the Executve Director, the Form 990 is filed with the IRS. The Board of Directors will also review the Form 990, either prior to, or after, the Form 990 is filed.

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

All directors and officers of the Organization are required to disclose all relationships annually that may give rise to conflicts of interest. Individuals with potential conflicts of interest must disclose all material facts to the Board of Directors. The Board may authorize contracts or transactions in good faith by affirmative vote (less the vote of the conflicted director) of a majority of the entire board at which there is a quorum present without counting the conflicted director. All proceedings related to conflicts of interest are documented in the meeting minutes.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Community of Peace Building Company
EIN
41-1921973
Phone
6517765151
Address
471 Magnolia Avenue East, St Paul, MN 55130

Signing Officer

Name
Timothy McGowan
Title
Executive Director
Phone
6517765151
Signed
2025-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy McGowan
Formed
1998
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
4

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2024. The Association's tax returns are subject to possible examination by the taxing authorities.

Raw XML AppendixShowing 400 of 610 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Gain on refinancing of bonds
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to other funds
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2024. The Association's tax returns are subject to possible examination by the taxing authorities.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Timothy McGowan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0All compensation is paid by Community of Peace Academy, a related organization. Community of Peace Academy uses Form 990's from other organizations and approval by the board or compensation committee when setting compensation.
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0City of Saint Paul MN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1City of Saint Paul MN
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refund 2006 Bond Issue
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc2Building Construction
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