Civic Intelligence

Aurora Charter School

990 • Fiscal year 2023 • EIN 41-1962390

Jul 01, 2022 to Jun 30, 2023 • Filed on May 10, 2024

2101 E 26th StMinneapolis, MN 55404

(612) 870-3891

Siviq Scores

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

Liabilities / Assets

97th percentile

1.28x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

1.09x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

60th percentile

8.9%

Higher net margin than 60% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$61,265

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

14th percentile

-6.2%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

4.7%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$6,741,830

Flat from 2023

Net Assets

Flat

-$1,893,305

Flat from 2023

Liabilities

Flat

$8,635,135

Flat from 2023

Revenue

Flat

$7,950,467

Flat from 2023

Expenses

Flat

$7,246,696

Flat from 2023

Net Income

Flat

$703,771

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $1,745,001Liabilities 2010: $604,486Net Assets 2010: $1,140,5152010Assets 2011: $1,693,103Liabilities 2011: $486,967Net Assets 2011: $1,206,1362011Assets 2012: $1,574,402Liabilities 2012: $273,674Net Assets 2012: $1,300,7282012Assets 2013: $1,568,846Liabilities 2013: $171,046Net Assets 2013: $1,397,8002013Assets 2014: $1,505,370Liabilities 2014: $280,267Net Assets 2014: $1,225,1032014Assets 2015: $2,165,914Liabilities 2015: $2,549,540Net Assets 2015: -$383,6262015Assets 2016: $2,566,537Liabilities 2016: $2,855,029Net Assets 2016: -$288,4922016Assets 2017: $7,230,276Liabilities 2017: $8,363,719Net Assets 2017: -$1,133,4432017Assets 2018: $6,315,921Liabilities 2018: $8,884,818Net Assets 2018: -$2,568,8972018Assets 2019: $5,367,633Liabilities 2019: $7,985,597Net Assets 2019: -$2,617,9642019Assets 2020: $4,344,998Liabilities 2020: $7,382,908Net Assets 2020: -$3,037,9102020Assets 2021: $3,496,445Liabilities 2021: $6,495,855Net Assets 2021: -$2,999,4102021Assets 2022: $7,189,689Liabilities 2022: $9,786,765Net Assets 2022: -$2,597,0762022Assets 2023: $6,741,830Liabilities 2023: $8,635,135Net Assets 2023: -$1,893,3052023Assets 2023: $6,741,830Liabilities 2023: $8,635,135Net Assets 2023: -$1,893,3052023

Highlighted filing

2023

Assets$6,741,830
Liabilities$8,635,135
Net Assets-$1,893,305

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $4,144,5332010Revenue 2011: $4,277,014Expenses 2011: $4,225,039Net Income 2011: $51,9752011Expenses 2012: $4,126,3392012Expenses 2013: $3,783,2902013Revenue 2014: $4,250,018Expenses 2014: $4,422,715Net Income 2014: -$172,6972014Revenue 2015: $5,056,001Expenses 2015: $4,846,667Net Income 2015: $209,3342015Revenue 2016: $5,777,960Expenses 2016: $5,682,826Net Income 2016: $95,1342016Revenue 2017: $6,434,494Expenses 2017: $7,279,445Net Income 2017: -$844,9512017Revenue 2018: $6,341,080Expenses 2018: $7,776,534Net Income 2018: -$1,435,4542018Revenue 2019: $6,221,961Expenses 2019: $6,271,028Net Income 2019: -$49,0672019Revenue 2020: $6,802,074Expenses 2020: $7,222,020Net Income 2020: -$419,9462020Revenue 2021: $6,931,662Expenses 2021: $6,893,162Net Income 2021: $38,5002021Revenue 2022: $7,596,902Expenses 2022: $7,167,157Net Income 2022: $429,7452022Revenue 2023: $7,950,467Expenses 2023: $7,246,696Net Income 2023: $703,7712023Revenue 2023: $7,950,467Expenses 2023: $7,246,696Net Income 2023: $703,7712023

Highlighted filing

2023

Revenue$7,950,467
Expenses$7,246,696
Net Income$703,771
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$7,950,467
Mission and Program Overview

Mission

The Mission of Aurora Charter School is to operate a center of learning that embraces academic excellence and celebrates the gift of Latino culture. Aurora Charter School will be a high-achieving learning environment where the student is nurtured academically, socially, and physically. Students will be held to learning standards mandated by the State of Minnesota through a dual-language curriculum in English and Spanish, and with the instruction of highly-qualified teachers and other support staff, will strive to close the achievement gap within the school.

The Mission of Aurora Charter School is to operate a center of learning that embraces academic excellence and celebrates the gift of Latino culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,268,251$3,624,731▼ $643,520
Cash and Non-Interest-Bearing Accounts$329,303$709,562▲ $380,259
Accounts Receivable$536,133$621,178▲ $85,045
Rtn Earn Endowment Incm Other Fnds$398,613$377,770▼ $20,843
Savings and Temporary Cash Investments$311,992$311,992→ $0
Prepaid Expenses and Deferred Charges$91,125$88,954▼ $2,171
Pd in Cap Srpls Land Bldg Eqp Fund$216,149$71,343▼ $144,806
Cap Stk Tr Prin Current Funds$-3,211,838$-2,342,418▲ $869,420
Total Assets$7,189,689$6,741,830▼ $447,859
Other Assets Total$1,652,885$1,385,413▼ $267,472
Liabilities
Other Liabilities$5,465,577$4,695,809▼ $769,768
Mortgage Notes Payable Secured by Investment Property$4,052,102$3,553,388▼ $498,714
Accounts Payable and Accrued Expenses$253,511$370,363▲ $116,852
Deferred Revenue$15,575$15,575→ $0
Total Liabilities$9,786,765$8,635,135▼ $1,151,630
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,597,076$-1,893,305▲ $703,771
Total Liabilities and Net Assets / Fund Balance$7,189,689$6,741,830▼ $447,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,143,235$1,257,294$4,400,529
Leasehold Improvements$-81,434$1,507,499$1,426,065
Equipment$445,174$644,456$1,089,630
Other Land Buildings$117,756$92,914$210,670
Other Assets Org$1,078,644--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$311,992-→ $0-$311,992
2021$310,146-▲ $1,846-$311,992
2020$305,550-▲ $4,596-$310,146
2019$300,000-▲ $5,550-$305,550
2018$300,179---$300,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle SalgueroVice ChairFT$61,265$61,265
Geraldine RivasSecretaryFT$59,815$59,815

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Billie Bus TransportationTransportation347 Harrison St NE, Minneapolis, MN 55413$672,798
CkcFood Service Contract1185 Concord St N, St Paul, MN 55075$312,668
Syand CorporationTechnology2999 County Rd 42 W 226, Burnsville, MN 55306$180,400
Revenue and Support

Revenue Composition

Contributions and Grants
$579,384
Program Service Revenue
$7,371,083
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,504
Change in Net Assets
$703,771

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,950,467
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,950,467
Total Revenue per Form 990
$7,950,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,165,961
Other Expenses$3,080,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,614,505$564,509-$3,179,014
Depreciation Depletion$792,081--$792,081
Fees for Services Other$333,337$128,087-$461,424
Other Employee Benefits$362,480$78,276-$440,756
Office Expenses$314,184$51,643-$365,827
Interest$2,278$267,821-$270,099
Occupancy$261,934--$261,934
Payroll Taxes$198,696$48,394-$247,090
Pension Plan Contributions$146,948$52,219-$199,167
Fees for Services Accounting-$140,607-$140,607
Current Officers, Directors, Trustees, and Key Employees$99,934--$99,934
Information Technology$61,879$12,882-$74,761
Conferences and Meetings$55,553--$55,553
Insurance$53,601--$53,601
Payments to Affiliates$598$38,861-$39,459
Travel-$1,505-$1,505
Other Expenses$10,814$8-$8
All Other Expenses$-427,872--$-427,872
Total Functional Expenses$5,859,138$1,387,558$0$7,246,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,246,696
Total Expenses per Audited Statements$7,246,696
Total Expenses per Form 990$7,246,696
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Net Pension Liability - PERA & TRA$3,921,351
Deferred Inflows of Resources - PER$774,458
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
Yes
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 B, line 11B

The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the Executive Director for review before it is signed and filed. The entire board does not review the 990 prior to it being filed.

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

Board members sign a conflict of interest statement annually. The Board also reviews the conflict of interest policy annually and makes changes as necessary.

Form 990, Part VI, Section B, line 15

The School Board does an annual evaluation of the Executive Director and determines the compensation. The Executive Director evaluates employees and makes recommendations to the School Board. The Board bases its compensation on the knowledge of the budget.

Form 990, Part VI, Section C, line 19

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

FORM 990, PART VI, SECTION A, LINE 1B:

Several members of the board are teachers at the School. Minnesota State Statute 124D.10 Subd. 4(g) requires the board to have at least one employed or contracted teacher.

Filing and Contact Details

Filer

Filer Name
Aurora Charter School
EIN
41-1962390
Phone
6128703891
Address
2101 E 26th St, Minneapolis, MN 55404

Signing Officer

Name
Matthew Cisewski
Title
Executive Director
Phone
6128703891
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Cisewski
Formed
2000
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
75
Volunteers
0

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Victoria L Holinka
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.

Related Organization Compensation

Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.

Authorizer

The School is required to have an Authorizer to monitor its operations in order to maintain its charter. The School's approved Authorizer during the fiscal year 2023 was Osprey Wilds Environmental Learning Center.

Financial Statement Notes

Part V, Line 4:

A certificate of deposit is a requirement of their lease agreement as a means of collateral.

Part X, Line 2:

The School is exempt from federal and state income taxes under Internal Revenue Code (IRC) 501(c)(3). The School is subject to tax on income from any unrelated business. The School follows recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Account Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The School has analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where it operates. The School believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the School's financial condition, results of operations, or cash flows. Accordingly, the School has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The School is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.

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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0The Mission of Aurora Charter School is to operate a center of learning that embraces academic excellence and celebrates the gift of Latino culture. Aurora Charter School will be a high-achieving learning environment where the student is nurtured academically, socially, and physically. Students will be held to learning standards mandated by the State of Minnesota through a dual-language curriculum in English and Spanish, and with the instruction of highly-qualified teachers and other support staff, will strive to close the achievement gap within the school.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04052102
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03553388
IRS990/NetAssetsOrFundBalancesBOYAmt0-2597076
IRS990/NetAssetsOrFundBalancesEOYAmt0-1893305
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0261934
IRS990/OccupancyGrp/TotalAmt0261934
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt051643
IRS990/OfficeExpensesGrp/ProgramServicesAmt0314184
IRS990/OfficeExpensesGrp/TotalAmt0365827
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01652885
IRS990/OtherAssetsTotalGrp/EOYAmt01385413
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt078276
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0362480
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0440756
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Other Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02746
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18
IRS990/OtherExpensesGrp/ProgramServicesAmt0649896
IRS990/OtherExpensesGrp/ProgramServicesAmt1328292
IRS990/OtherExpensesGrp/ProgramServicesAmt210814
IRS990/OtherExpensesGrp/TotalAmt0649896
IRS990/OtherExpensesGrp/TotalAmt1331038
IRS990/OtherExpensesGrp/TotalAmt210814
IRS990/OtherExpensesGrp/TotalAmt38
IRS990/OtherLiabilitiesGrp/BOYAmt05465577
IRS990/OtherLiabilitiesGrp/EOYAmt04695809
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0564509
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02614505
IRS990/OtherSalariesAndWagesGrp/TotalAmt03179014
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt038861
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0598
IRS990/PaymentsToAffiliatesGrp/TotalAmt039459
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048394
IRS990/PayrollTaxesGrp/ProgramServicesAmt0198696
IRS990/PayrollTaxesGrp/TotalAmt0247090
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0216149
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt071343
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt052219
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0146948
IRS990/PensionPlanContributionsGrp/TotalAmt0199167
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt091125
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt088954
IRS990/PrincipalOfficerNm0Matthew Cisewski
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07324479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt146604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07324479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt146604
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0576951
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01847
IRS990/PYOtherExpensesAmt02930307
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07018104
IRS990/PYRevenuesLessExpensesAmt0429745
IRS990/PYSalariesCompEmpBnftPaidAmt04236850
IRS990/PYTotalExpensesAmt07167157
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07596902
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0703771
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07371083
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0398613
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0377770
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0311992
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0311992
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03143235
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01257294
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04400529
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0311992
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0311992
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0310146
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0311992
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01846
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0305550
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0310146
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04596
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0300000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0305550
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05550
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0179
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0300179
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0300000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0445174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0644456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01089630
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07246696
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0-81434
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01507499
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01426065
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0306769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11078644
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflows of resources - PERA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred outflows of resources - TRA
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0117756
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt092914
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0210670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0774458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13921351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows of Resources - PER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability - PERA & TRA
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07950467
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A certificate of deposit is a requirement of their lease agreement as a means of collateral.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The School is exempt from federal and state income taxes under Internal Revenue Code (IRC) 501(c)(3). The School is subject to tax on income from any unrelated business. The School follows recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Account Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The School has analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where it operates. The School believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the School's financial condition, results of operations, or cash flows. Accordingly, the School has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The School is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03624731
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01385413
IRS990ScheduleD/TotalExpensesPerForm990Amt07246696
IRS990ScheduleD/TotalLiabilityAmt04695809
IRS990ScheduleD/TotalRevenuePerForm990Amt07950467
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07950467
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07246696
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/ExplanationTxt0Nondiscrimination policy is included in registration materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives state and federal aid payments and grants to finance educational services for their students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the Executive Director for review before it is signed and filed. The entire board does not review the 990 prior to it being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members sign a conflict of interest statement annually. The Board also reviews the conflict of interest policy annually and makes changes as necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The School Board does an annual evaluation of the Executive Director and determines the compensation. The Executive Director evaluates employees and makes recommendations to the School Board. The Board bases its compensation on the knowledge of the budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Several members of the board are teachers at the School. Minnesota State Statute 124D.10 Subd. 4(g) requires the board to have at least one employed or contracted teacher.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The School is required to have an Authorizer to monitor its operations in order to maintain its charter. The School's approved Authorizer during the fiscal year 2023 was Osprey Wilds Environmental Learning Center.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 1B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6RELATED ORGANIZATION COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7AUTHORIZER
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07189689

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$6.74$8.64$1.89$7.95$7.25$0.70
2023Summary only. Only limited summary data is available for this year.$6.74$8.64$1.89$7.95$7.25$0.70
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.19$9.79$2.60$7.60$7.17$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$6.50$3.00$6.93$6.89$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.34$7.38$3.04$6.80$7.22$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.37$7.99$2.62$6.22$6.27$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.32$8.88$2.57$6.34$7.78$1.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.23$8.36$1.13$6.43$7.28$0.84
2016Detailed filing. Detailed filing data is available for this year.$2.57$2.86$0.29$5.78$5.68$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.17$2.55$0.38$5.06$4.85$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.28$1.23$4.25$4.42$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.17$1.40$3.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.27$1.30$4.13
2011Summary only. Only limited summary data is available for this year.$1.69$0.49$1.21$4.28$4.23$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.60$1.14$4.14