Civic Intelligence

Riverway Learning Community

990 • Fiscal year 2015 • EIN 41-1945936

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 13, 2015

1733 Service Drive Suite 18Winona, MN 55987

(507) 474-6120

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.70x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

1.3%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$922,035

Up $275,895 (+43%) from 2014

Net Assets

Down

-$26,464

Down $561,132 (-105%) from 2014

Liabilities

Up

$948,499

Up $837,027 (+751%) from 2014

Revenue

Up

$1,356,881

Up $17,026 (+1.3%) from 2014

Expenses

Down

$1,208,112

Down $19,244 (-1.6%) from 2014

Net Income

Up

$148,769

Up $36,270 (+32%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $597,545Liabilities 2011: $292,539Net Assets 2011: $305,0062011Assets 2012: $685,411Liabilities 2012: $323,481Net Assets 2012: $361,9302012Assets 2014: $646,140Liabilities 2014: $111,472Net Assets 2014: $534,6682014Assets 2015: $922,035Liabilities 2015: $948,499Net Assets 2015: -$26,4642015Assets 2016: $959,290Liabilities 2016: $964,882Net Assets 2016: -$5,5922016Assets 2017: $2,173,762Liabilities 2017: $2,363,397Net Assets 2017: -$189,6352017Assets 2018: $1,726,728Liabilities 2018: $2,128,208Net Assets 2018: -$401,4802018Assets 2019: $1,947,279Liabilities 2019: $2,014,537Net Assets 2019: -$67,2582019Assets 2020: $1,800,170Liabilities 2020: $1,917,216Net Assets 2020: -$117,0462020Assets 2021: $1,717,942Liabilities 2021: $1,787,766Net Assets 2021: -$69,8242021Assets 2022: $1,808,228Liabilities 2022: $1,775,384Net Assets 2022: $32,8442022Assets 2023: $3,112,522Liabilities 2023: $2,645,147Net Assets 2023: $467,3752023Assets 2024: $3,099,156Liabilities 2024: $2,480,325Net Assets 2024: $618,8312024

Highlighted filing

2015

Assets$922,035
Liabilities$948,499
Net Assets-$26,464

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,173,988Expenses 2011: $1,119,616Net Income 2011: $54,3722011Revenue 2012: $1,182,673Expenses 2012: $1,125,749Net Income 2012: $56,9242012Revenue 2014: $1,339,855Expenses 2014: $1,227,356Net Income 2014: $112,4992014Revenue 2015: $1,356,881Expenses 2015: $1,208,112Net Income 2015: $148,7692015Revenue 2016: $1,398,491Expenses 2016: $1,377,619Net Income 2016: $20,8722016Revenue 2017: $1,371,905Expenses 2017: $1,555,948Net Income 2017: -$184,0432017Revenue 2018: $1,536,755Expenses 2018: $1,748,600Net Income 2018: -$211,8452018Revenue 2019: $1,711,311Expenses 2019: $1,377,088Net Income 2019: $334,2232019Revenue 2020: $1,787,783Expenses 2020: $1,837,571Net Income 2020: -$49,7882020Revenue 2021: $1,893,038Expenses 2021: $1,845,816Net Income 2021: $47,2222021Revenue 2022: $1,963,456Expenses 2022: $1,860,788Net Income 2022: $102,6682022Revenue 2023: $2,501,269Expenses 2023: $2,066,738Net Income 2023: $434,5312023Revenue 2024: $2,358,958Expenses 2024: $2,207,502Net Income 2024: $151,4562024

Highlighted filing

2015

Revenue$1,356,881
Expenses$1,208,112
Net Income$148,769
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,356,881
Mission and Program Overview

Mission

(SEE BELOW)

(SEE BELOW) Riverway Learning Community is committed to the foundation of a more hopeful and enlightened future by the development of an environment of the larger community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$326,093$365,408▲ $39,315
Land, Buildings, and Equipment, Net$126,911$213,486▲ $86,575
Accounts Receivable$174,960$159,279▼ $15,681
Prepaid Expenses and Deferred Charges$15,423$20,827▲ $5,404
Inventories for Sale or Use$2,753$1,595▼ $1,158
Total Assets$646,140$922,035▲ $275,895
Other Assets Total-$161,440-
Liabilities
Other Liabilities$16,236$832,572▲ $816,336
Accounts Payable and Accrued Expenses$94,694$115,392▲ $20,698
Deferred Revenue$542$535▼ $7
Total Liabilities$111,472$948,499▲ $837,027
Net Assets / Fund Balance
Temporarily Rstr Net Assets$127,649$249,012▲ $121,363
Unrestricted Net Assets$407,019$-275,476▼ $682,495
Total Net Assets Fund Balance$534,668$-26,464▼ $561,132
Total Liabilities and Net Assets / Fund Balance$646,140$922,035▲ $275,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$198,703$79,539$278,242
Buildings$14,783$4,914$19,697
Other Assets Org$161,440--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leslie LehnertzTeacherFT$60,325$60,325
Patrick SheedyTeacherFT$52,895$52,895
Erin Van BeekSecretaryFT$46,446$46,446
Jodie MohanTeacherFT$46,021$46,021
Katey WadewitzDirectorPT$41,674$41,674
Dana MerkelMember/teacherFT$41,522$41,522
Sharon FossMember/teacherFT$41,397$41,397
Nicole LuxMember/teacherFT$40,099$40,099
Mary CumiskeyBookkeperPT$33,188$33,188

Board Members and Trustees

NameTitle
Joe LubyBoard Chair/treasurer
Abby KeelingMember
Mary SchultzMember
Rena CisewskiMember
Revenue and Support

Revenue Composition

Contributions and Grants
$1,305,977
Program Service Revenue
$18,708
Investment Income
$0
Other Revenue
$32,196
Change in Net Assets
$148,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,436
Total Revenue per Audited Statements
$1,376,436
Total Revenue per Form 990
$1,376,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$855,291
Other Expenses$352,821
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$297,577$105,888$0$403,465
Other Salaries and Wages$253,334$93,464$0$346,798
Occupancy$158,356$0$0$158,356
Payroll Taxes$48,693$22,366$0$71,059
Pension Plan Contributions$24,672$9,297$0$33,969
All Other Expenses$23,258$0$0$23,258
Depreciation Depletion$22,755$0$0$22,755
Office Expenses$0$15,568$0$15,568
Insurance$10,334$0$0$10,334
Other Expenses$5,670$0$0$5,670
Conferences and Meetings$5,664$0$0$5,664
Total Functional Expenses$961,529$246,583$0$1,208,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,006,087
Total Expenses per Audited Statements$1,006,087
Total Expenses per Form 990$1,006,087
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
Pension Payable$627,355
Deferred Inflows of Resources Related to Pensions$184,807
Compensated Absences Payable$20,410
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Riverway Learning Community
EIN
41-1945936
Phone
5074746120
Address
1733 SERVICE DRIVE SUITE 18, WINONA, MN 55987

Signing Officer

Name
Katey Wadewitz
Title
Leader of Operations
Phone
5074746120
Signed
2015-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katey Wadewitz
Formed
1999
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
5
Employees
38
Volunteers
75

Preparer

Firm
Pamela Ristau CPA
Address
209 ST ANTHONY ST S, PRESTON, MN 55965
Preparer
Pamela Ristau
Phone
5077652180
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

The organization has three membership designations: 1) enrollee members, 2) employee members, and 3) community members. Enrollment of a child in the school shall qualify the parent(s) or legal guardian(s) of such child for membership during the child's enrollment. Paid enrollment by the organization shall qualify the employee for membership during the term of their employment. Service of 20 hours of volunteer work for the organization shall qualify a person as a "community member" in the year of service. All designations shall be within one class of voting membership.

Pt VI, Line 6

MEMBERSHIP

Pt VI, Line 7A

All designations shall be within one class of voting membership. At each meeting of the membership, every family of each student, each employee, and each community member shall be entitled to one vote. The members of the organization have the authority to elect the members of the board of directors.

Pt VI, Line 7B

All designations shall be within one class of voting. A majority vote of members is needed to adopt, amend and repeal the governing documents (bylaws).

Pt VI, Line 11B

Prior to being filed with the irs, a copy of the irs form 990 and related schedules are reviewed by the school director, including a confirmation of the accuracy of every answer and oversight of appropriate changes. Upon completion of the school director's review, the forms are reviewed at a board meeting to submit to the irs.

Pt VI, Line 12C

Board members and key employees annually complete a survey related to business relationships and family members that could, or do, create a conflict of interest. These are summarized and filed along with board meeting minutes. Conflicts of interest are determined by a review of the potential conflicts by the school director and the board of directors. If a conflict exists, then the conflicted board member or key employee is excluded from discussions and votes related to any potential or existing relationships involving the conflict of interest. If it is determined that a conflict of interest was intentionally hidden by a board member, then the situation would be investigated and the board member could be suspended and subject to dismissal.additionally, the remaining board members and key employees will review, for fairness, all past transactions involving the conflict of interests. If a transaction appears to lack arms-length, either to the detriment of the organization, or to the unfair advantage of the board member, then all legal remedies will be considered.

Pt VI, Line 15A

The process used to set the charter school director's annual salary is based on a combination of comparison to comparable charter school director's salaries through a compensation survey, years of service to the school, and attainment in the current year of predefined performance objectives set for the director personally and the organization. This process is performed by the board of directors and completed prior to the july board meeting each year.

Pt VI, Line 15B

The process used to set the charter school's salary is based on comparable charter schools compensation. This process is performed by the board of directors.

Financial Statement Notes

Pt XII, Line 2D

Difference in governmentral reporting of fixed assets and compensated absences

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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0(SEE BELOW)
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0534668
IRS990/NetAssetsOrFundBalancesEOYAmt0-26464
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0158356
IRS990/OccupancyGrp/TotalAmt0158356
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015568
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt015568
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0161440
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt022829
IRS990/OtherExpensesGrp/ProgramServicesAmt178090
IRS990/OtherExpensesGrp/ProgramServicesAmt210297
IRS990/OtherExpensesGrp/ProgramServicesAmt35670
IRS990/OtherExpensesGrp/TotalAmt022829
IRS990/OtherExpensesGrp/TotalAmt178090
IRS990/OtherExpensesGrp/TotalAmt210297
IRS990/OtherExpensesGrp/TotalAmt35670
IRS990/OtherLiabilitiesGrp/BOYAmt016236
IRS990/OtherLiabilitiesGrp/EOYAmt0832572
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt032196
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032196
IRS990/OtherRevenueTotalAmt032196
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt093464
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0253334
IRS990/OtherSalariesAndWagesGrp/TotalAmt0346798
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022366
IRS990/PayrollTaxesGrp/ProgramServicesAmt048693
IRS990/PayrollTaxesGrp/TotalAmt071059
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09297
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024672
IRS990/PensionPlanContributionsGrp/TotalAmt033969
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015423
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020827
IRS990/PrincipalOfficerNm0KATEY WADEWITZ
IRS990/PriorPeriodAdjustmentsAmt0-709901
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018708
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01292191
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0316577
IRS990/PYOtherRevenueAmt030264
IRS990/PYProgramServiceRevenueAmt017400
IRS990/PYRevenuesLessExpensesAmt0112499
IRS990/PYSalariesCompEmpBnftPaidAmt0910779
IRS990/PYTotalExpensesAmt01227356
IRS990/PYTotalRevenueAmt01339855
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0148769
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01376436
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt014783
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04914
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019697
IRS990ScheduleD/EquipmentGrp/BookValueAmt0198703
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079539
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0278242
IRS990ScheduleD/ExpensesSubtotalAmt01006087
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0161440
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources Related to Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0184807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2627355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows of Resources Related to Pensions
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt01376436
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIFFERENCE IN GOVERNMENTRAL REPORTING OF FIXED ASSETS AND COMPENSATED ABSENCES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0213486
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0161440
IRS990ScheduleD/TotalExpensesPerForm990Amt01006087
IRS990ScheduleD/TotalLiabilityAmt0832572
IRS990ScheduleD/TotalRevenuePerForm990Amt01376436
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01376436
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01006087
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INCLUDED IN OUR SCHOOL BROCHURE, WEB SITE, EMPLOYMENT ADS AND NEWSPAPER ARTICLES. INCLUDED IN SCHOOL BROCHURE, WEBSITE, EMPLOYMENT ADS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL'S RIGHTS TO RECEIVE FINANCIAL AID OR ASSISTANCE HAS NEVER BEEN REVOKED OR SUSPENDED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS THREE MEMBERSHIP DESIGNATIONS: 1) ENROLLEE MEMBERS, 2) EMPLOYEE MEMBERS, AND 3) COMMUNITY MEMBERS. ENROLLMENT OF A CHILD IN THE SCHOOL SHALL QUALIFY THE PARENT(S) OR LEGAL GUARDIAN(S) OF SUCH CHILD FOR MEMBERSHIP DURING THE CHILD'S ENROLLMENT. PAID ENROLLMENT BY THE ORGANIZATION SHALL QUALIFY THE EMPLOYEE FOR MEMBERSHIP DURING THE TERM OF THEIR EMPLOYMENT. SERVICE OF 20 HOURS OF VOLUNTEER WORK FOR THE ORGANIZATION SHALL QUALIFY A PERSON AS A "COMMUNITY MEMBER" IN THE YEAR OF SERVICE. ALL DESIGNATIONS SHALL BE WITHIN ONE CLASS OF VOTING MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DESIGNATIONS SHALL BE WITHIN ONE CLASS OF VOTING MEMBERSHIP. AT EACH MEETING OF THE MEMBERSHIP, EVERY FAMILY OF EACH STUDENT, EACH EMPLOYEE, AND EACH COMMUNITY MEMBER SHALL BE ENTITLED TO ONE VOTE. THE MEMBERS OF THE ORGANIZATION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DESIGNATIONS SHALL BE WITHIN ONE CLASS OF VOTING. A MAJORITY VOTE OF MEMBERS IS NEEDED TO ADOPT, AMEND AND REPEAL THE GOVERNING DOCUMENTS (BYLAWS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR TO BEING FILED WITH THE IRS, A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE SCHOOL DIRECTOR, INCLUDING A CONFIRMATION OF THE ACCURACY OF EVERY ANSWER AND OVERSIGHT OF APPROPRIATE CHANGES. UPON COMPLETION OF THE SCHOOL DIRECTOR'S REVIEW, THE FORMS ARE REVIEWED AT A BOARD MEETING TO SUBMIT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY COMPLETE A SURVEY RELATED TO BUSINESS RELATIONSHIPS AND FAMILY MEMBERS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST. THESE ARE SUMMARIZED AND FILED ALONG WITH BOARD MEETING MINUTES. CONFLICTS OF INTEREST ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE SCHOOL DIRECTOR AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, THEN THE CONFLICTED BOARD MEMBER OR KEY EMPLOYEE IS EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIPS INVOLVING THE CONFLICT OF INTEREST. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST WAS INTENTIONALLY HIDDEN BY A BOARD MEMBER, THEN THE SITUATION WOULD BE INVESTIGATED AND THE BOARD MEMBER COULD BE SUSPENDED AND SUBJECT TO DISMISSAL.ADDITIONALLY, THE REMAINING BOARD MEMBERS AND KEY EMPLOYEES WILL REVIEW, FOR FAIRNESS, ALL PAST TRANSACTIONS INVOLVING THE CONFLICT OF INTERESTS. IF A TRANSACTION APPEARS TO LACK ARMS-LENGTH, EITHER TO THE DETRIMENT OF THE ORGANIZATION, OR TO THE UNFAIR ADVANTAGE OF THE BOARD MEMBER, THEN ALL LEGAL REMEDIES WILL BE CONSIDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS USED TO SET THE CHARTER SCHOOL DIRECTOR'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE CHARTER SCHOOL DIRECTOR'S SALARIES THROUGH A COMPENSATION SURVEY, YEARS OF SERVICE TO THE SCHOOL, AND ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED PERFORMANCE OBJECTIVES SET FOR THE DIRECTOR PERSONALLY AND THE ORGANIZATION. THIS PROCESS IS PERFORMED BY THE BOARD OF DIRECTORS AND COMPLETED PRIOR TO THE JULY BOARD MEETING EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS USED TO SET THE CHARTER SCHOOL'S SALARY IS BASED ON COMPARABLE CHARTER SCHOOLS COMPENSATION. THIS PROCESS IS PERFORMED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0127649
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0249012

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