Civic Intelligence

Nerstrand Elementary School

990 • Fiscal year 2024 • EIN 41-1946091

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 22, 2024

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

92nd percentile

0.88x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$53,036

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-3.9%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

8.6%

Faster revenue growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$910,642

Down $37,440 (-3.9%) from 2023

Net Assets

Up

$108,203

Up $291,885 (+159%) from 2023

Liabilities

Down

$802,439

Down $329,325 (-29%) from 2023

Revenue

Up

$1,832,171

Up $145,745 (+8.6%) from 2023

Expenses

Down

$1,540,286

Down $38,934 (-2.5%) from 2023

Net Income

Up

$291,885

Up $184,679 (+172%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$910,642
Liabilities$802,439
Net Assets$108,203

Operations Trend

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

2024

Revenue$1,832,171
Expenses$1,540,286
Net Income$291,885
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 22, 2024
Return Version
2023v5.1
Gross Receipts
$1,839,326
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$688,033$619,444▼ $68,589
Accounts Receivable$49,363$107,019▲ $57,656
Prepaid Expenses and Deferred Charges$895$10,033▲ $9,138
Land, Buildings, and Equipment, Net$58$0▼ $58
Total Assets$948,082$910,642▼ $37,440
Other Assets Total$209,733$174,146▼ $35,587
Liabilities
Other Liabilities$963,695$612,648▼ $351,047
Accounts Payable and Accrued Expenses$168,069$189,789▲ $21,720
Deferred Revenue-$2-
Total Liabilities$1,131,764$802,439▼ $329,325
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-190,787$74,778▲ $265,565
Net Assets With Donor Restrictions$7,105$33,425▲ $26,320
Total Net Assets Fund Balance$-183,682$108,203▲ $291,885
Total Liabilities and Net Assets / Fund Balance$948,082$910,642▼ $37,440

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$121,266$121,266
Other Assets Org$174,146--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Traci LaFerriereBusiness Manager$53,036$53,036

Board Members and Trustees

NameTitle
Carissa EricksonParent Rep/Chair
Nicole MusolfExecutive Director
Terri NeumannCommunity Rep
Ali BossmannParent Rep
Carmen BondeTeacher Rep
Kelly McGregorTeacher Rep
Tara VondrasekTeacher Rep / Clerk
Phil McBrideTeacher Rep/ Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edvisions CooperativeEducational professionalsPO BOX 183 111 South Meridian Stre, Belle Plaine, MN 56011$968,385
Revenue and Support

Revenue Composition

Contributions and Grants
$1,475,394
Program Service Revenue
$18,689
Investment Income
$29,783
Other Revenue
$308,305
All Other Contributions
$40,501
Change in Net Assets
$291,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,522,615
Revenue Not Reported on Financial Statements
$309,556
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$309,556
Total Revenue per Audited Statements
$1,522,615
Total Revenue per Form 990
$1,832,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,489,286
Salaries, Compensation, and Employee Benefits$51,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$990,696$117,507-$1,108,203
Fees for Services Accounting-$69,935-$69,935
Current Officers, Directors, Trustees, and Key Employees$51,000--$51,000
Occupancy$45,896--$45,896
Information Technology$8,681$5,495-$14,176
Insurance$11,430--$11,430
Other Expenses$30,096$8,348-$8,348
Travel$5,445--$5,445
All Other Expenses$5,399--$5,399
Office Expenses-$3,774-$3,774
Advertising-$2,121-$2,121
Fees for Services Legal-$1,912-$1,912
Conferences and Meetings$1,701--$1,701
Depreciation Depletion$58--$58
Total Functional Expenses$1,317,881$222,405$0$1,540,286

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,540,286
Total Expenses per Form 990$1,540,286
Total Expenses per Audited Statements$1,230,730
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-309,556
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,155
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nestrand Night Out$12,701-$1,183-
Kwik Trip Carwash$9,000-$5,972-
Total Events$21,701-$7,155$-7,155
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$602,704
Deferred Pension Inflows$9,944
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
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

In accordance with MN Statute 124E.07 sub. 5, staff members employed at the school, including teachers providing instruction under a contract with a cooperative, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the school's board of directors.

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

If a vacancy occurs, every attempt will be made to select a replacement within one month's time according to the board's by-laws.

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, diretors, 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 Director's compensation is determined by annual review by Board evaluation and resulting increase of average annual teacher step increase. The School followed the Board approved rate schedule plus any schoolwide % increase.

Form 990, Part VI, Section C, line 19

The School makes its governing documents, conflict of interest policy, and financial statement 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
Nicole Musolf
Title
Executive Director
Phone
5073336850
Signed
2024-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Musolf
Formed
1999
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
3
Employees
0
Volunteers
30

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 IX, line 11G

Consulting Fees: Program service expenses 108,611. Management and general expenses 117,507. Fundraising expenses 0. Total expenses 226,118. Contracted fees: Program service expenses 882,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 882,085.

Form 990, Part XII, Line 1:

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.

Form 990, Part XII, Line 2C:

The School has not changed its oversite process for its financial statement audit from the prior years.

Financial Statement Notes

Part X, Line 2:

The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.

Part XI, Line 4B - Other Adjustments:

Move negative pension expense to pension revenue 309,556.

Part XII, Line 2D - Other Adjustments:

Move negative pension expense to pension revenue -309,556.

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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/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-7155
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-7155
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-190787
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt074778
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt045896
IRS990/OccupancyGrp/TotalAmt045896
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03774
IRS990/OfficeExpensesGrp/TotalAmt03774
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0209733
IRS990/OtherAssetsTotalGrp/EOYAmt0174146
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Leases/Rentals
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Fees to Authorizer
IRS990/OtherExpensesGrp/Desc3Dues/Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0285
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113028
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28348
IRS990/OtherExpensesGrp/ProgramServicesAmt0167479
IRS990/OtherExpensesGrp/ProgramServicesAmt130096
IRS990/OtherExpensesGrp/TotalAmt0167479
IRS990/OtherExpensesGrp/TotalAmt130381
IRS990/OtherExpensesGrp/TotalAmt213028
IRS990/OtherExpensesGrp/TotalAmt38348
IRS990/OtherLiabilitiesGrp/BOYAmt0963695
IRS990/OtherLiabilitiesGrp/EOYAmt0612648
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt0315460
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0315460
IRS990/OtherRevenueTotalAmt0315460
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0895
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010033
IRS990/PrincipalOfficerNm0Nicole Musolf
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Fees from Patrons
IRS990/ProgramServiceRevenueGrp/Desc1Medical Assistance
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015235
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015235
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13454
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01472798
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022349
IRS990/PYOtherExpensesAmt01547068
IRS990/PYOtherRevenueAmt0175689
IRS990/PYProgramServiceRevenueAmt015590
IRS990/PYRevenuesLessExpensesAmt0107206
IRS990/PYSalariesCompEmpBnftPaidAmt032152
IRS990/PYTotalExpensesAmt01579220
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01686426
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0291885
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018689
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0688033
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0619444
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0121266
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121266
IRS990ScheduleD/ExpensesNotReportedAmt0-309556
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01540286
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0174146
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Pension Outflows
IRS990ScheduleD/OtherExpensesIncludedAmt0-309556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0602704
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Liability Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Pension Inflows
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0309556
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0309556
IRS990ScheduleD/RevenueSubtotalAmt01522615
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Move negative pension expense to pension revenue 309,556.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Move negative pension expense to pension revenue -309,556.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0174146
IRS990ScheduleD/TotalExpensesPerForm990Amt01540286
IRS990ScheduleD/TotalLiabilityAmt0612648
IRS990ScheduleD/TotalRevenuePerForm990Amt01832171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01522615
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01230730
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
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt021701
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012701
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt09000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07155
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Nestrand Night Out
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Kwik Trip Carwash
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt012701
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021701
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-7155
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07155
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01183
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05972
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In accordance with MN Statute 124E.07 sub. 5, staff members employed at the school, including teachers providing instruction under a contract with a cooperative, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the school's board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1If a vacancy occurs, every attempt will be made to select a replacement within one month's time according to the board's by-laws.
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, diretors, 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 Director's compensation is determined by annual review by Board evaluation and resulting increase of average annual teacher step increase. The School followed the Board approved rate schedule plus any schoolwide % increase.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The School makes its governing documents, conflict of interest policy, and financial statement available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Consulting Fees: Program service expenses 108,611. Management and general expenses 117,507. Fundraising expenses 0. Total expenses 226,118. Contracted fees: Program service expenses 882,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 882,085.
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/ExplanationTxt9The School has not changed its oversite process for its financial statement audit from the prior years.
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 IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0948082
IRS990/TotalAssetsEOYAmt0910642

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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