Civic Intelligence

Nerstrand Elementary School

990 • Fiscal year 2018 • EIN 41-1946091

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 12, 2019

Organization ProfileWWW.NERSTRAND.CHARTER.K12.MN.US
PO Box 156 205 S Second StreetNerstrand, MN 55053

(507) 333-6850

Siviq Scores

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

Liabilities / Assets

95th percentile

1.26x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

1.32x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$79,043

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

10th percentile

-14%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.7%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,777,378

Down $281,998 (-14%) from 2017

Net Assets

Down

-$462,759

Down $330,808 (-251%) from 2017

Liabilities

Up

$2,240,137

Up $48,810 (+2.2%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin32nd percentile

Revenue

Up

$1,699,955

Up $61,080 (+3.7%) from 2017

Expenses

Up

$1,745,324

Up $153,602 (+9.7%) from 2017

Net Income

Down

-$45,369

Down $92,522 (-196%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $469,347Liabilities 2011: $3,794Net Assets 2011: $465,5532011Assets 2012: $527,183Liabilities 2012: $47,294Net Assets 2012: $479,8892012Assets 2013: $518,692Liabilities 2013: $26,931Net Assets 2013: $491,7612013Assets 2014: $526,266Liabilities 2014: $27,062Net Assets 2014: $499,2042014Assets 2015: $709,573Liabilities 2015: $678,967Net Assets 2015: $30,6062015Assets 2016: $784,602Liabilities 2016: $696,964Net Assets 2016: $87,6382016Assets 2017: $2,059,376Liabilities 2017: $2,191,327Net Assets 2017: -$131,9512017Assets 2018: $1,777,378Liabilities 2018: $2,240,137Net Assets 2018: -$462,7592018Assets 2019: $1,570,681Liabilities 2019: $1,755,447Net Assets 2019: -$184,7662019Assets 2020: $1,408,325Liabilities 2020: $1,616,638Net Assets 2020: -$208,3132020Assets 2021: $1,374,717Liabilities 2021: $1,489,768Net Assets 2021: -$115,0512021Assets 2022: $923,389Liabilities 2022: $1,214,277Net Assets 2022: -$290,8882022Assets 2023: $948,082Liabilities 2023: $1,131,764Net Assets 2023: -$183,6822023Assets 2024: $910,642Liabilities 2024: $802,439Net Assets 2024: $108,2032024

Highlighted filing

2018

Assets$1,777,378
Liabilities$2,240,137
Net Assets-$462,759
Open 2018 Filing

Operations Trend

Revenue Growth50th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,270,4082011Revenue 2012: $1,284,261Expenses 2012: $1,269,925Net Income 2012: $14,3362012Expenses 2013: $1,302,4022013Revenue 2014: $1,371,094Expenses 2014: $1,363,651Net Income 2014: $7,4432014Revenue 2015: $1,481,102Expenses 2015: $1,441,659Net Income 2015: $39,4432015Revenue 2016: $1,522,607Expenses 2016: $1,461,148Net Income 2016: $61,4592016Revenue 2017: $1,638,875Expenses 2017: $1,591,722Net Income 2017: $47,1532017Revenue 2018: $1,699,955Expenses 2018: $1,745,324Net Income 2018: -$45,3692018Revenue 2019: $1,974,405Expenses 2019: $1,944,118Net Income 2019: $30,2872019Revenue 2020: $2,008,627Expenses 2020: $1,944,973Net Income 2020: $63,6542020Revenue 2021: $2,052,899Expenses 2021: $1,876,531Net Income 2021: $176,3682021Revenue 2022: $1,784,597Expenses 2022: $1,960,434Net Income 2022: -$175,8372022Revenue 2023: $1,686,426Expenses 2023: $1,579,220Net Income 2023: $107,2062023Revenue 2024: $1,832,171Expenses 2024: $1,540,286Net Income 2024: $291,8852024

Highlighted filing

2018

Revenue$1,699,955
Expenses$1,745,324
Net Income-$45,369
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 12, 2019
Return Version
2017v2.3
Gross Receipts
$1,699,955
Mission and Program Overview

Mission

To empower students to be self-directed, lifelong learners by providing a nurturing, multi-age environment which fosters cooperation and character development.

Public school serving students in grades k-5.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$378,545$361,408▼ $17,137
Accounts Receivable$246,277$247,544▲ $1,267
Land, Buildings, and Equipment, Net$48,112$35,901▼ $12,211
Pd in Cap Srpls Land Bldg Eqp Fund$48,112$35,901▼ $12,211
Prepaid Expenses and Deferred Charges$760$5,941▲ $5,181
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-180,063$-498,660▼ $318,597
Total Assets$2,059,376$1,777,378▼ $281,998
Other Assets Total$1,385,682$1,126,584▼ $259,098
Liabilities
Other Liabilities$2,164,893$2,191,234▲ $26,341
Accounts Payable and Accrued Expenses$26,434$48,903▲ $22,469
Total Liabilities$2,191,327$2,240,137▲ $48,810
Net Assets / Fund Balance
Total Net Assets Fund Balance$-131,951$-462,759▼ $330,808
Total Liabilities and Net Assets / Fund Balance$2,059,376$1,777,378▼ $281,998

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,901$85,325$121,226
Other Assets Org$1,126,584--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula ShroyerMember/teacherFT$62,640$16,403$79,043
Maggie KileySchool DirectorFT$62,293$14,548$76,841
Matthew KeseleyTreasurer/teacherFT$38,637$12,960$51,597
Andrew LubinskiClerk/teacherFT$37,356$13,084$50,440
Carmen BondeChair/teacherFT$18,348$23,502$41,850

Board Members and Trustees

NameTitle
Sarah StensrudMember/community Member
Jason DemarsMember/parent
Rich BaileyMember/parent

Highest Paid Contractors

ContractorServicesLocationCompensation
Edvisions CooperativeStaffingPO BOX 183 111 SOUTH MERIDIAN ST, Belle Plaine, MN 56011$1,120,434
Revenue and Support

Revenue Composition

Contributions and Grants
$1,672,369
Program Service Revenue
$20,836
Investment Income
$6,750
Other Revenue
$0
All Other Contributions
$15,118
Change in Net Assets
$-45,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,699,955
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,699,955
Total Revenue per Form 990
$1,699,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,098,886
Other Expenses$646,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$368,142$73,258-$441,400
Current Officers, Directors, Trustees, and Key Employees$326,895--$326,895
Occupancy$251,566--$251,566
Comp Disqual Persons$216,510--$216,510
Fees for Services Other$128,117$22,219-$150,336
Office Expenses$71,318$3,866-$75,184
Fees for Services Accounting-$67,566-$67,566
Payroll Taxes$57,809$5,604-$63,413
Pension Plan Contributions$23,387$5,494-$28,881
Other Employee Benefits$9,127$12,660-$21,787
Other Expenses-$20,313-$20,313
Depreciation Depletion$19,330--$19,330
Travel$14,045--$14,045
Insurance$9,416--$9,416
Conferences and Meetings$7,979$271-$8,250
All Other Expenses$3,310--$3,310
Fees for Services Legal-$146-$146
Total Functional Expenses$1,506,951$238,373$0$1,745,324

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,745,324
Total Expenses per Audited Statements$1,733,113
Expenses per Audited Statements$1,725,994
Expenses Not Reported on Financial Statements$19,330
Other Expense Adjustments$19,330
Expenses Not Reported on Form 990$7,119
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 Liability Payable$1,856,449
Deferred Pension Inflows$334,785
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 A, Line 6

“The school has two classes of members: parent members and employee members.”

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

“The school's board is elected by parent and employee members. The school's governing body consists of four teacher representatives, two parent representatives, and one unrelated community member. Each member receives one vote.”

Form 990, Part VI, Section A, Line 8B

“The school does not have any committees that have the authority to act on behalf of governing body.”

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

“The form 990 was prepared by an independent accounting firm. The completed return was presented and reviewed at the first regular board meeting by the full governing body following receipt from the accounting firm. The final approved copy was subsequently filed with the irs.”

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

“All officers, directors, and key employees are required to complete an annual conflict of interest questionnaire. Conflicts are reviewed at the board or committee level. Individuals are not allowed to vote on transactions where a conflict is determined to exist. All conflicts and proceedings are documented in meeting minutes.”

Form 990, Part VI, Section B, Line 15A

“The school used the macs survey to help establish the director's salary. The school director's compensation is determined by annual review by board evaluation and resulting increase of average annual teacher step increase. This process was used for maggie kiley in the spring of 2018.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Nerstrand Elementary School
EIN
41-1946091
Phone
5073336850
Address
PO BOX 156 205 S SECOND STREET, NERSTRAND, MN 55053

Signing Officer

Name
Maggie Kiley
Title
School Director
Phone
5073336850
Signed
2019-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maggie Kiley
Formed
1999
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
3
Employees
47
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Dennis Hoogeveen
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in pension liability -285,439.”

FORM 990, PART XII, LINE 1, EXPLANATION FOR OTHER METHOD OF ACCOUNTING:

“The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Capitalized expenditures 7,119.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 19,330.”

Raw XML AppendixShowing 400 of 446 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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IRS990/OtherChangesInNetAssetsAmt0-285439
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012660
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09127
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021787
IRS990/OtherExpensesGrp/Desc0CAPITAL OUTLAY
IRS990/OtherExpensesGrp/Desc1DUES AND LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026976
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120313
IRS990/OtherExpensesGrp/TotalAmt026976
IRS990/OtherExpensesGrp/TotalAmt120313
IRS990/OtherLiabilitiesGrp/BOYAmt02164893
IRS990/OtherLiabilitiesGrp/EOYAmt02191234
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt073258
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0368142
IRS990/OtherSalariesAndWagesGrp/TotalAmt0441400
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05604
IRS990/PayrollTaxesGrp/ProgramServicesAmt057809
IRS990/PayrollTaxesGrp/TotalAmt063413
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt048112
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt035901
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05494
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023387
IRS990/PensionPlanContributionsGrp/TotalAmt028881
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0760
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05941
IRS990/PrincipalOfficerNm0MAGGIE KILEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020836
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01614156
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03788
IRS990/PYOtherExpensesAmt0616851
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt020931
IRS990/PYRevenuesLessExpensesAmt047153
IRS990/PYSalariesCompEmpBnftPaidAmt0974871
IRS990/PYTotalExpensesAmt01591722
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01638875
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-45369
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020836
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0378545
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0361408
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt035901
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085325
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121226
IRS990ScheduleD/ExpensesNotReportedAmt07119
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt019330
IRS990ScheduleD/ExpensesSubtotalAmt01725994
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01126584
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED PENSION OUTFLOWS
IRS990ScheduleD/OtherExpensesIncludedAmt07119
IRS990ScheduleD/OtherExpensesNotIncludedAmt019330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01856449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1334785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED PENSION INFLOWS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01699955
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITALIZED EXPENDITURES 7,119.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE 19,330.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035901
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01126584
IRS990ScheduleD/TotalExpensesPerForm990Amt01745324
IRS990ScheduleD/TotalLiabilityAmt02191234
IRS990ScheduleD/TotalRevenuePerForm990Amt01699955
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01699955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01733113
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 NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL'S REGISTRATION MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CONTRACTS WITH EDVISIONS COOPERATIVE, AN UNRELATED ORGANIZATION FOR ALL PERSONNEL SERVICES. COMPENSATION INFORMATION IS REPORTED IN THE FORM 990 AS SALARY, PENSION, BENEFITS, AND PAYROLL TAXES IN THE STATEMENT OF FUNCTIONAL EXPENSES TO BE CONSISTENT WITH THE FINANCIAL STATEMENT PRESENTATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS TWO CLASSES OF MEMBERS: PARENT MEMBERS AND EMPLOYEE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL'S BOARD IS ELECTED BY PARENT AND EMPLOYEE MEMBERS. THE SCHOOL'S GOVERNING BODY CONSISTS OF FOUR TEACHER REPRESENTATIVES, TWO PARENT REPRESENTATIVES, AND ONE UNRELATED COMMUNITY MEMBER. EACH MEMBER RECEIVES ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE COMPLETED RETURN WAS PRESENTED AND REVIEWED AT THE FIRST REGULAR BOARD MEETING BY THE FULL GOVERNING BODY FOLLOWING RECEIPT FROM THE ACCOUNTING FIRM. THE FINAL APPROVED COPY WAS SUBSEQUENTLY FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS ARE REVIEWED AT THE BOARD OR COMMITTEE LEVEL. INDIVIDUALS ARE NOT ALLOWED TO VOTE ON TRANSACTIONS WHERE A CONFLICT IS DETERMINED TO EXIST. ALL CONFLICTS AND PROCEEDINGS ARE DOCUMENTED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL USED THE MACS SURVEY TO HELP ESTABLISH THE DIRECTOR'S SALARY. THE SCHOOL DIRECTOR'S COMPENSATION IS DETERMINED BY ANNUAL REVIEW BY BOARD EVALUATION AND RESULTING INCREASE OF AVERAGE ANNUAL TEACHER STEP INCREASE. THIS PROCESS WAS USED FOR MAGGIE KILEY IN THE SPRING OF 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN PENSION LIABILITY -285,439.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 1, EXPLANATION FOR OTHER METHOD OF ACCOUNTING:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02059376
IRS990/TotalAssetsEOYAmt01777378
IRS990/TotalAssetsGrp/BOYAmt02059376
IRS990/TotalAssetsGrp/EOYAmt01777378
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01672369
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0238373
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01506951
IRS990/TotalFunctionalExpensesGrp/TotalAmt01745324
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02191327
IRS990/TotalLiabilitiesEOYAmt02240137
IRS990/TotalLiabilitiesGrp/BOYAmt02191327
IRS990/TotalLiabilitiesGrp/EOYAmt02240137
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-131951
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-462759
IRS990/TotalOtherCompensationAmt080497
IRS990/TotalProgramServiceExpensesAmt01506951
IRS990/TotalProgramServiceRevenueAmt020836
IRS990/TotalReportableCompFromOrgAmt0219274
IRS990/TotalRevenueGrp/ExclusionAmt06750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020836
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01699955
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02059376
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01777378
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt014045
IRS990/TravelGrp/TotalAmt014045

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,777,378
Liabilities
$2,240,137
Net assets
-$462,759
Revenue
$1,699,955
Expenses
$1,745,324
Net income
-$45,369
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.80$0.11$1.83$1.54$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.95$1.13$0.18$1.69$1.58$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.92$1.21$0.29$1.78$1.96$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.37$1.49$0.12$2.05$1.88$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.41$1.62$0.21$2.01$1.94$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.57$1.76$0.18$1.97$1.94$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.78$2.24$0.46$1.70$1.75$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.06$2.19$0.13$1.64$1.59$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.70$0.09$1.52$1.46$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.68$0.03$1.48$1.44$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$1.37$1.36$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.03$0.49$1.30
2012Summary only. Only limited summary data is available for this year.$0.53$0.05$0.48$1.28$1.27$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$1.27