Civic Intelligence

Msa Building Company

990 • Fiscal year 2016 • EIN 41-1926728

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 12, 2016

Organization ProfileN/A
8430 Woodbury CrossingWoodbury, MN 55125

(651) 578-7507

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.03x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

12.66x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$88,683

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

41st percentile

-0.3%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.8%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$9,675,941

Down $29,110 (-0.3%) from 2015

Net Assets

Up

-$247,801

Up $100,909 (+29%) from 2015

Liabilities

Down

$9,923,742

Down $130,019 (-1.3%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin74th percentile

Revenue

Up

$784,057

Up $36,020 (+4.8%) from 2015

Expenses

Up

$683,148

Up $4,474 (+0.7%) from 2015

Net Income

Up

$100,909

Up $31,546 (+45%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $3,775,837Liabilities 2011: $4,119,327Net Assets 2011: -$343,4902011Assets 2012: $3,697,559Liabilities 2012: $4,055,952Net Assets 2012: -$358,3932012Assets 2013: $10,841,921Liabilities 2013: $11,276,027Net Assets 2013: -$434,1062013Assets 2014: $9,848,202Liabilities 2014: $10,266,275Net Assets 2014: -$418,0732014Assets 2015: $9,705,051Liabilities 2015: $10,053,761Net Assets 2015: -$348,7102015Assets 2016: $9,675,941Liabilities 2016: $9,923,742Net Assets 2016: -$247,8012016Assets 2017: $9,560,739Liabilities 2017: $9,675,251Net Assets 2017: -$114,5122017Assets 2018: $9,517,301Liabilities 2018: $9,514,781Net Assets 2018: $2,5202018Assets 2019: $9,395,489Liabilities 2019: $9,279,475Net Assets 2019: $116,0142019Assets 2020: $9,238,006Liabilities 2020: $9,112,247Net Assets 2020: $125,7592020Assets 2021: $8,772,120Liabilities 2021: $8,963,469Net Assets 2021: -$191,3492021Assets 2022: $8,579,591Liabilities 2022: $8,826,356Net Assets 2022: -$246,7652022Assets 2023: $8,339,317Liabilities 2023: $8,770,173Net Assets 2023: -$430,8562023Assets 2024: $8,771,905Liabilities 2024: $9,017,608Net Assets 2024: -$245,7032024

Highlighted filing

2016

Assets$9,675,941
Liabilities$9,923,742
Net Assets-$247,801
Open 2016 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $413,0302011Expenses 2012: $423,5832012Expenses 2013: $527,1772013Revenue 2014: $683,542Expenses 2014: $667,509Net Income 2014: $16,0332014Revenue 2015: $748,037Expenses 2015: $678,674Net Income 2015: $69,3632015Revenue 2016: $784,057Expenses 2016: $683,148Net Income 2016: $100,9092016Revenue 2017: $795,605Expenses 2017: $662,316Net Income 2017: $133,2892017Revenue 2018: $791,118Expenses 2018: $674,086Net Income 2018: $117,0322018Revenue 2019: $771,233Expenses 2019: $657,739Net Income 2019: $113,4942019Revenue 2020: $726,090Expenses 2020: $716,345Net Income 2020: $9,7452020Revenue 2021: $613,788Expenses 2021: $930,896Net Income 2021: -$317,1082021Revenue 2022: $547,715Expenses 2022: $603,131Net Income 2022: -$55,4162022Revenue 2023: $570,371Expenses 2023: $754,462Net Income 2023: -$184,0912023Revenue 2024: $866,083Expenses 2024: $680,930Net Income 2024: $185,1532024

Highlighted filing

2016

Revenue$784,057
Expenses$683,148
Net Income$100,909
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 12, 2016
Return Version
2015v2.0
Gross Receipts
$784,057
Mission and Program Overview

Mission

Lease and maintain property for the math & science academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,695,409$8,526,489▼ $168,920
Savings and Temporary Cash Investments$1,006,792$1,147,052▲ $140,260
Cap Stk Tr Prin Current Funds$1,006,916$1,087,672▲ $80,756
Prepaid Expenses and Deferred Charges$2,400$2,400→ $0
Accounts Receivable$450$0▼ $450
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-1,355,626$-1,335,473▲ $20,153
Total Assets$9,705,051$9,675,941▼ $29,110
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$10,012,631$9,823,917▼ $188,714
Deferred Revenue-$57,212-
Other Liabilities$40,805$40,445▼ $360
Accounts Payable and Accrued Expenses$325$2,168▲ $1,843
Total Liabilities$10,053,761$9,923,742▼ $130,019
Net Assets / Fund Balance
Total Net Assets Fund Balance$-348,710$-247,801▲ $100,909
Total Liabilities and Net Assets / Fund Balance$9,705,051$9,675,941▼ $29,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,512,667$1,622,831$9,135,498
Land$990,625-$990,625
Equipment$23,197$63,792$86,989
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleOtherTotal
Shannon FrobergMember$88,683$88,683
Jerry SheltonMember$80,777$80,777
John GawareckiPresident$47,357$47,357
Joell PundsackSecretary$45,415$45,415

Board Members and Trustees

NameTitle
Mona HayashiMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$781,100
Investment Income
$69
Other Revenue
$2,888
Change in Net Assets
$100,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$784,057
Revenue Not Reported on Form 990
$4,920,721
Total Revenue per Audited Statements
$5,704,778
Total Revenue per Form 990
$784,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$683,148
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
Interest$449,631--$449,631
Depreciation Depletion$197,572--$197,572
Fees for Services Legal$14,766--$14,766
Fees for Services Accounting$11,750--$11,750
Fees for Services Other$8,809--$8,809
Other Expenses$620--$620
Total Functional Expenses$683,148$0$0$683,148

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,406,796
Expenses Not Reported on Form 990$4,921,220
Total Expenses per Form 990$683,148
Expenses per Audited Statements$485,576
Expenses Not Reported on Financial Statements$197,572
Other Expense Adjustments$197,572
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$38,045
Due to Math & Science Academy$2,400

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Woodbury2012-11-29$10,035,142Construction of New Building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,035,142$3,600,417-$195,300

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
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The sole member of the organization is Math & Science Academy.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The Board of Directors of the Sole Member appoint at least three of the members of the Organization's Board of Directors. Those appointed may be, but are not required to be, members of the Board of Directors of the Sole Member.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“The Sole Member may alter or repeal the Bylaws of the Organization.”

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

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

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is prepared by school accountant. Prior to filing the form 990, the Finance Manager, Treasurer, and School Director will conduct a detail review prior to the filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
MSA Building Company
EIN
41-1926728
Phone
6515787507
Address
8430 Woodbury Crossing, Woodbury, MN 55125

Signing Officer

Name
John Gawarecki
Title
President
Signed
2016-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Gawarecki
Formed
1998
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
1
Employees
0
Volunteers
5

Preparer

Firm
Beltz Kes Darling & Associates
Address
22488 Chippendale Ave W, Farmington, MN 55024
Preparer
Theresa Kingsbury
Phone
6514632233
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Math & Science Academy Revenues $4920721”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Math & Science Academy Expenses $4706494 Capitalized Equipment $25652 Repayment of Bond Principal $180000 Change in Accrued Interest Payable $360 Amortization of Bond Premium $8714”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Depreciation Expense $197572”

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Math & Science Academy
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt063792
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IRS990ScheduleD/OtherRevenueAmt04920721
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IRS990ScheduleD/RevenueSubtotalAmt0784057
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Math & Science Academy Revenues $4920721
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Math & Science Academy Expenses $4706494 Capitalized Equipment $25652 Repayment of Bond Principal $180000 Change in Accrued Interest Payable $360 Amortization of Bond Premium $8714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Depreciation Expense $197572
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
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IRS990ScheduleD/TotalLiabilityAmt040445
IRS990ScheduleD/TotalRevenuePerForm990Amt0784057
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0Schedule K, Part I, Bond Issues:(A) Issuer Name: City of Woodury(F) Description of Purpose: Construction of new building and refunding of previous bondsSchedule K, Bonda A: Part I, Column (E) and Part II, Line 3Explanation for difference between issue price and proceeds of issueSeries 2012A Bonds Par Amount: $9,765,000Series 2012A Original Issue Premium: 270,142Series 2012B Bonds Par Amount: 185,000Underwriter's Discount: (174,125)Total Proceeds: $10,046,017Schedule K, Bond A: Part IV, Line 2cDate of most recent rebate computationThe most recent rebate computation was performed December 21, 2012: no rebate was required.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02012-11-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0410856197
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0979134AC7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010035142
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0City of Woodbury
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Construction of New Building
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The sole member of the organization is Math & Science Academy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors of the Sole Member appoint at least three of the members of the Organization's Board of Directors. Those appointed may be, but are not required to be, members of the Board of Directors of the Sole Member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Sole Member may alter or repeal the Bylaws of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees with authority to act on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 is prepared by school accountant. Prior to filing the form 990, the Finance Manager, Treasurer, and School Director will conduct a detail review prior to the filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08430 Woodbury Crossing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Woodbury
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055125

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$9,675,941
Liabilities
$9,923,742
Net assets
-$247,801
Revenue
$784,057
Expenses
$683,148
Net income
$100,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.77$9.02$0.25$0.87$0.68$0.19
2023Detailed filing. Detailed filing data is available for this year.$8.34$8.77$0.43$0.57$0.75$0.18
2022Detailed filing. Detailed filing data is available for this year.$8.58$8.83$0.25$0.55$0.60$0.06
2021Detailed filing. Detailed filing data is available for this year.$8.77$8.96$0.19$0.61$0.93$0.32
2020Detailed filing. Detailed filing data is available for this year.$9.24$9.11$0.13$0.73$0.72$0.01
2019Detailed filing. Detailed filing data is available for this year.$9.40$9.28$0.12$0.77$0.66$0.11
2018Detailed filing. Detailed filing data is available for this year.$9.52$9.51$0.00$0.79$0.67$0.12
2017Detailed filing. Detailed filing data is available for this year.$9.56$9.68$0.11$0.80$0.66$0.13
2016Detailed filing. Detailed filing data is available for this year.$9.68$9.92$0.25$0.78$0.68$0.10
2015Detailed filing. Detailed filing data is available for this year.$9.71$10.1$0.35$0.75$0.68$0.07
2014Detailed filing. Detailed filing data is available for this year.$9.85$10.3$0.42$0.68$0.67$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$11.3$0.43$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$4.06$0.36$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$4.12$0.34$0.41