Civic Intelligence

Bluesky Charter School

990 • Fiscal year 2017 • EIN 41-1965774

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 16, 2018

Organization Profilewww.blueskyschool.org

View Organization Page

33 Wentworth Avenue East No 100West St Paul, MN 55118

(651) 642-0888

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.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

2.62x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

8th percentile

-30%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$118,175

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

99th percentile

268%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.5%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$10,789,726

Up $7,861,243 (+268%) from 2016

Net Assets

Down

-$2,994,781

Down $1,589,846 (-113%) from 2016

Liabilities

Up

$13,784,507

Up $9,451,089 (+218%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin8th percentile

Revenue

Up

$5,264,793

Up $225,113 (+4.5%) from 2016

Expenses

Up

$6,854,639

Up $2,136,346 (+45%) from 2016

Net Income

Down

-$1,589,846

Down $1,911,233 (-595%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $4,313,051Liabilities 2010: $806,332Net Assets 2010: $3,506,7192010Assets 2011: $2,005,741Liabilities 2011: $1,163,620Net Assets 2011: $842,1212011Assets 2012: $1,808,573Liabilities 2012: $2,179,278Net Assets 2012: -$370,7052012Assets 2013: $1,322,567Liabilities 2013: $1,293,749Net Assets 2013: $28,8182013Assets 2014: $1,122,844Liabilities 2014: $588,466Net Assets 2014: $534,3782014Assets 2015: $2,262,618Liabilities 2015: $3,988,940Net Assets 2015: -$1,726,3222015Assets 2016: $2,928,483Liabilities 2016: $4,333,418Net Assets 2016: -$1,404,9352016Assets 2017: $10,789,726Liabilities 2017: $13,784,507Net Assets 2017: -$2,994,7812017Assets 2018: $9,276,698Liabilities 2018: $13,703,632Net Assets 2018: -$4,426,9342018Assets 2019: $7,841,345Liabilities 2019: $10,784,803Net Assets 2019: -$2,943,4582019Assets 2020: $6,827,413Liabilities 2020: $9,742,077Net Assets 2020: -$2,914,6642020Assets 2021: $6,912,497Liabilities 2021: $10,002,926Net Assets 2021: -$3,090,4292021Assets 2022: $8,894,688Liabilities 2022: $10,684,081Net Assets 2022: -$1,789,3932022Assets 2023: $8,545,767Liabilities 2023: $9,372,383Net Assets 2023: -$826,6162023Assets 2024: $7,625,375Liabilities 2024: $8,545,899Net Assets 2024: -$920,5242024

Highlighted filing

2017

Assets$10,789,726
Liabilities$13,784,507
Net Assets-$2,994,781
Open 2017 Filing

Operations Trend

Revenue Growth49th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,812,2952010Revenue 2011: $5,940,701Expenses 2011: $8,605,299Net Income 2011: -$2,664,5982011Revenue 2012: $4,347,626Expenses 2012: $5,560,452Net Income 2012: -$1,212,8262012Expenses 2013: $3,813,2772013Revenue 2014: $4,550,594Expenses 2014: $4,045,034Net Income 2014: $505,5602014Revenue 2015: $4,824,185Expenses 2015: $4,291,433Net Income 2015: $532,7522015Revenue 2016: $5,039,680Expenses 2016: $4,718,293Net Income 2016: $321,3872016Revenue 2017: $5,264,793Expenses 2017: $6,854,639Net Income 2017: -$1,589,8462017Revenue 2018: $5,401,389Expenses 2018: $6,833,542Net Income 2018: -$1,432,1532018Revenue 2019: $5,141,175Expenses 2019: $3,657,699Net Income 2019: $1,483,4762019Revenue 2020: $6,312,955Expenses 2020: $6,284,161Net Income 2020: $28,7942020Revenue 2021: $6,906,603Expenses 2021: $7,082,368Net Income 2021: -$175,7652021Revenue 2022: $8,410,192Expenses 2022: $7,109,156Net Income 2022: $1,301,0362022Revenue 2023: $7,922,604Expenses 2023: $6,959,827Net Income 2023: $962,7772023Revenue 2024: $8,805,217Expenses 2024: $8,899,125Net Income 2024: -$93,9082024

Highlighted filing

2017

Revenue$5,264,793
Expenses$6,854,639
Net Income-$1,589,846
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 16, 2018
Return Version
2016v3.0
Gross Receipts
$5,264,793
Mission and Program Overview

Mission

Bringing quality online education and diverse learners together.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,472,472$1,718,616▲ $246,144
Accounts Receivable$439,680$438,651▼ $1,029
Prepaid Expenses and Deferred Charges$119,374$148,553▲ $29,179
Land, Buildings, and Equipment, Net$38,171$54,985▲ $16,814
Pd in Cap Srpls Land Bldg Eqp Fund$38,171$54,985▲ $16,814
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,443,106$-3,049,766▼ $1,606,660
Total Assets$2,928,483$10,789,726▲ $7,861,243
Other Assets Total$858,786$8,428,921▲ $7,570,135
Liabilities
Other Liabilities$3,931,163$13,277,172▲ $9,346,009
Accounts Payable and Accrued Expenses$402,255$507,335▲ $105,080
Total Liabilities$4,333,418$13,784,507▲ $9,451,089
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,404,935$-2,994,781▼ $1,589,846
Total Liabilities and Net Assets / Fund Balance$2,928,483$10,789,726▲ $7,861,243

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$54,985$136,712$191,697
Other Assets Org$8,428,921--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy LarsenExecutive DirectorFT$108,842$9,333$118,175
Julie JohnsonSecretaryFT$46,165$12,921$59,086
Heidi KelbelMemberFT$50,935$4,334$55,269
Matthew SchemppMemberFT$42,084$3,639$45,723

Board Members and Trustees

NameTitle
Jim StoccoBoard Chair
Paula ForbesVice Chair
Jennifer McDonoughMember
Judy PekarekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$193,061
Program Service Revenue
$5,071,213
Investment Income
$519
Other Revenue
$0
All Other Contributions
$199
Change in Net Assets
$-1,589,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,264,793
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,264,793
Total Revenue per Form 990
$5,264,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,020,501
Other Expenses$2,834,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,720,496$228,038-$2,948,534
Other Employee Benefits$290,734$20,242-$310,976
Pension Plan Contributions$229,488$35,126-$264,614
Occupancy$260,320$1,848-$262,168
Current Officers, Directors, Trustees, and Key Employees$147,256$112,240-$259,496
Payroll Taxes$211,244$25,637-$236,881
Information Technology$102,868$90,680-$193,548
Office Expenses$34,409$99,328-$133,737
Fees for Services Other$79,876$38,058-$117,934
Fees for Services Accounting-$98,835-$98,835
Conferences and Meetings$42,286$1,183-$43,469
Payments to Affiliates$1,904$35,801-$37,705
Travel$19,785$3,875-$23,660
Insurance-$21,612-$21,612
Depreciation Depletion$5,275$10,512-$15,787
Fees for Services Management$14,700--$14,700
Fees for Services Legal-$1,198-$1,198
Other Expenses$448$1,076-$448
Total Functional Expenses$6,024,562$830,077$0$6,854,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,854,639
Total Expenses per Audited Statements$6,854,639
Total Expenses per Form 990$6,854,639
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-TRA$12,617,912
Net Pension Liability-PERA$324,780
Severance benefits payable$241,274
Compensated absences payable$54,294
Pension Plan Deferments$38,912
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
No
Management duties delegated
No

Governance Explanations

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

“The 990 was prepared by the organization's audit firm. It was reviewed by the Board and reviewed and signed by the Director of the organization.”

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

“Annually each board member completes a required form and discloses any conflicts of interest.”

Form 990, Part VI, Section B, line 15

“Current compensation is based on past wages with increases given during the year by the Board forming the basis for future years' pay.”

Form 990, Part VI, Section C, line 19

“Board policies are available on the board section of the school website and upon request.”

Form 990, Part VI, 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
BlueSky Charter School
EIN
41-1965774
Phone
6516420888
Address
33 Wentworth Avenue East No 100, West St Paul, MN 55118

Signing Officer

Name
Amy Larsen
Title
Director
Phone
6516420888
Signed
2018-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Larsen
Formed
2000
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
64
Volunteers
5

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

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

Authorizer

“The Bluesky Charter 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 2017 was the Novation Education Opportunities (NEO). As of July 1, 2017, Bluesky Charter School's authorizer is Innovative Quality Schools.”

Related compensation

“Made and effort to obtain information on compensation, if any, was paid from a related orginization. Received Business Transactions and Relationship Statements from all parties listed in Part VII. No transactions were noted on the received Business Transaction Statements.”

Financial Statement Notes

Part X, Line 2:

“The School is exempt from income taxes under Internal Revenue Service Code Section 501(c)(3). The School is subject to tax on income from any unrelated business. The School is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). 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 state jurisdiction where they operate. The School believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on their respective 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 June 30, 2017. 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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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/Desc0BlueSky Charter School is defining education for the 21st century by creating an individualized, dynamic education for all students. We are committed to empowering our community by facilitating relevant learning, skills, hopes, and relationships. Our unique personal approach to online learning is unmatched by other schools. Our three-person teams of caring professionals offer students the support and one-on-one attention they need to succeed. BlueSky provides educationl programs for grades 7-12 in compliance with Minnesota Public education. During the fiscal year ended June 30, 2017 the School served an estimated 483 students.
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IRS990/OccupancyGrp/ProgramServicesAmt0260320
IRS990/OccupancyGrp/TotalAmt0262168
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt099328
IRS990/OfficeExpensesGrp/ProgramServicesAmt034409
IRS990/OfficeExpensesGrp/TotalAmt0133737
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0858786
IRS990/OtherAssetsTotalGrp/EOYAmt08428921
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020242
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0290734
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0310976
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Pension Expenses per Ac
IRS990/OtherExpensesGrp/Desc2GENERAL ADMINISTRA - NO
IRS990/OtherExpensesGrp/Desc3Field Trips
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04788
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11076
IRS990/OtherExpensesGrp/ProgramServicesAmt01863473
IRS990/OtherExpensesGrp/ProgramServicesAmt1448
IRS990/OtherExpensesGrp/TotalAmt01863473
IRS990/OtherExpensesGrp/TotalAmt14788
IRS990/OtherExpensesGrp/TotalAmt21076
IRS990/OtherExpensesGrp/TotalAmt3448
IRS990/OtherLiabilitiesGrp/BOYAmt03931163
IRS990/OtherLiabilitiesGrp/EOYAmt013277172
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0228038
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02720496
IRS990/OtherSalariesAndWagesGrp/TotalAmt02948534
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt035801
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt01904
IRS990/PaymentsToAffiliatesGrp/TotalAmt037705
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025637
IRS990/PayrollTaxesGrp/ProgramServicesAmt0211244
IRS990/PayrollTaxesGrp/TotalAmt0236881
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt038171
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt054985
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035126
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0229488
IRS990/PensionPlanContributionsGrp/TotalAmt0264614
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0119374
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0148553
IRS990/PrincipalOfficerNm0Amy Larsen
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05052617
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05052617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118596
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0185409
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0422
IRS990/PYOtherExpensesAmt0859093
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04853849
IRS990/PYRevenuesLessExpensesAmt0321387
IRS990/PYSalariesCompEmpBnftPaidAmt03859200
IRS990/PYTotalExpensesAmt04718293
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05039680
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1589846
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05071213
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0193061
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0185409
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0191825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0179460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0180161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0929916
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0519
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0422
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0176
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01415
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt023890637
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt05071213
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt04853849
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt04632076
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt04370958
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt04032625
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt022960721
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05264274
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05039258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04823901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04550418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04212786
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023890637
IRS990ScheduleA/TotalSupportAmt023892052
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt054985
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0136712
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191697
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06854639
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08428921
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1241274
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2324780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt312617912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt438912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated absences payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Severance benefits payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liability-PERA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Net Pension Liability-TRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Pension Plan Deferments
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05264793
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes under Internal Revenue Service Code Section 501(c)(3). The School is subject to tax on income from any unrelated business. The School is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). 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 state jurisdiction where they operate. The School believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on their respective 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 June 30, 2017. 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 X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054985
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08428921
IRS990ScheduleD/TotalExpensesPerForm990Amt06854639
IRS990ScheduleD/TotalLiabilityAmt013277172
IRS990ScheduleD/TotalRevenuePerForm990Amt05264793
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05264793
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06854639
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 was prepared by the organization's audit firm. It was reviewed by the Board and reviewed and signed by the Director of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually each board member completes a required form and discloses any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Current compensation is based on past wages with increases given during the year by the Board forming the basis for future years' pay.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board policies are available on the board section of the school website and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School Board assumes responsibility for the oversight of the audit of its financial statements and the 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/ExplanationTxt6The Bluesky Charter 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 2017 was the Novation Education Opportunities (NEO). As of July 1, 2017, Bluesky Charter School's authorizer is Innovative Quality Schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Made and effort to obtain information on compensation, if any, was paid from a related orginization. Received Business Transactions and Relationship Statements from all parties listed in Part VII. No transactions were noted on the received Business Transaction Statements.
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 XI, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6AUTHORIZER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Related compensation
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02928483
IRS990/TotalAssetsEOYAmt010789726
IRS990/TotalAssetsGrp/BOYAmt02928483
IRS990/TotalAssetsGrp/EOYAmt010789726
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0193061
IRS990/TotalEmployeeCnt064
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0830077
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06024562
IRS990/TotalFunctionalExpensesGrp/TotalAmt06854639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04333418
IRS990/TotalLiabilitiesEOYAmt013784507
IRS990/TotalLiabilitiesGrp/BOYAmt04333418
IRS990/TotalLiabilitiesGrp/EOYAmt013784507
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1404935
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2994781
IRS990/TotalOtherCompensationAmt030227
IRS990/TotalProgramServiceExpensesAmt06024562
IRS990/TotalProgramServiceRevenueAmt05071213
IRS990/TotalReportableCompFromOrgAmt0248026

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,789,726
Liabilities
$13,784,507
Net assets
-$2,994,781
Revenue
$5,264,793
Expenses
$6,854,639
Net income
-$1,589,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.63$8.55$0.92$8.81$8.90$0.09
2023Detailed filing. Detailed filing data is available for this year.$8.55$9.37$0.83$7.92$6.96$0.96
2022Detailed filing. Detailed filing data is available for this year.$8.89$10.7$1.79$8.41$7.11$1.30
2021Detailed filing. Detailed filing data is available for this year.$6.91$10.0$3.09$6.91$7.08$0.18
2020Detailed filing. Detailed filing data is available for this year.$6.83$9.74$2.91$6.31$6.28$0.03
2019Detailed filing. Detailed filing data is available for this year.$7.84$10.8$2.94$5.14$3.66$1.48
2018Detailed filing. Detailed filing data is available for this year.$9.28$13.7$4.43$5.40$6.83$1.43
2017Detailed filing. Detailed filing data is available for this year.$10.8$13.8$2.99$5.26$6.85$1.59
2016Detailed filing. Detailed filing data is available for this year.$2.93$4.33$1.40$5.04$4.72$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.26$3.99$1.73$4.82$4.29$0.53
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.59$0.53$4.55$4.05$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$1.29$0.03$3.81
2012Summary only. Only limited summary data is available for this year.$1.81$2.18$0.37$4.35$5.56$1.21
2011Summary only. Only limited summary data is available for this year.$2.01$1.16$0.84$5.94$8.61$2.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$0.81$3.51$6.81