Civic Intelligence

Bluesky Charter School

990 • Fiscal year 2018 • EIN 41-1965774

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

1.48x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

2.54x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

10th percentile

-27%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

46th percentile

$114,158

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.6%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$9,276,698

Down $1,513,028 (-14%) from 2017

Net Assets

Down

-$4,426,934

Down $1,432,153 (-48%) from 2017

Liabilities

Down

$13,703,632

Down $80,875 (-0.6%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin10th percentile

Revenue

Up

$5,401,389

Up $136,596 (+2.6%) from 2017

Expenses

Down

$6,833,542

Down $21,097 (-0.3%) from 2017

Net Income

Up

-$1,432,153

Up $157,693 (+9.9%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2018

Assets$9,276,698
Liabilities$13,703,632
Net Assets-$4,426,934
Open 2018 Filing

Operations Trend

Revenue Growth46th 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

2018

Revenue$5,401,389
Expenses$6,833,542
Net Income-$1,432,153
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$5,401,389
Mission and Program Overview

Mission

Bringing quality online education and diverse learners together.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,718,616$1,794,341▲ $75,725
Accounts Receivable$438,651$685,362▲ $246,711
Prepaid Expenses and Deferred Charges$148,553$183,737▲ $35,184
Land, Buildings, and Equipment, Net$54,985$58,846▲ $3,861
Pd in Cap Srpls Land Bldg Eqp Fund$54,985$58,846▲ $3,861
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-3,049,766$-4,485,780▼ $1,436,014
Total Assets$10,789,726$9,276,698▼ $1,513,028
Other Assets Total$8,428,921$6,554,412▼ $1,874,509
Liabilities
Other Liabilities$13,277,172$13,183,424▼ $93,748
Accounts Payable and Accrued Expenses$507,335$520,208▲ $12,873
Total Liabilities$13,784,507$13,703,632▼ $80,875
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,994,781$-4,426,934▼ $1,432,153
Total Liabilities and Net Assets / Fund Balance$10,789,726$9,276,698▼ $1,513,028

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$58,846$156,172$215,018
Other Assets Org$6,554,412--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy LarsenExecutive DirectorFT$109,158$5,000$114,158
Julie JohnsonSecretaryFT$48,207$5,638$53,845
Heidi KelbelMemberFT$44,800$5,638$50,438
Matthew SchemppMemberFT$41,753$1,988$43,741

Board Members and Trustees

NameTitle
Jim StoccoBoard Chair
Paula ForbesVice Chair
Tamara MurphyMember
Judy PekarekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,791
Program Service Revenue
$5,188,002
Investment Income
$596
Other Revenue
$0
All Other Contributions
$5,799
Change in Net Assets
$-1,432,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,401,389
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,401,389
Total Revenue per Form 990
$5,401,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,150,633
Other Expenses$2,682,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,806,443$206,649-$3,013,092
Other Employee Benefits$331,375$31,393-$362,768
Occupancy$276,582--$276,582
Pension Plan Contributions$244,904$25,703-$270,607
Current Officers, Directors, Trustees, and Key Employees$148,024$114,158-$262,182
Payroll Taxes$217,663$24,321-$241,984
Information Technology$55,336$90,127-$145,463
Office Expenses$32,211$96,457-$128,668
Fees for Services Other$54,472$69,508-$123,980
Fees for Services Accounting-$80,400-$80,400
Payments to Affiliates$750$36,710-$37,460
Conferences and Meetings$25,901$303-$26,204
Travel$21,272$4,846-$26,118
Insurance-$23,393-$23,393
Fees for Services Management$14,700--$14,700
Fees for Services Legal-$1,352-$1,352
Other Expenses$794$110,647-$794
All Other Expenses-$496-$496
Total Functional Expenses$5,917,079$916,463$0$6,833,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,833,542
Total Expenses per Audited Statements$6,833,542
Total Expenses per Form 990$6,833,542
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$10,819,303
Pension Plan Deferments$1,759,480
Net Pension Liability-PERA$293,660
Severance benefits payable$246,517
Compensated absences payable$64,464
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
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Larsen
Formed
2000
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
4
Employees
70
Volunteers
7

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 2018 was 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, 2018. The School is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.”

Raw XML AppendixShowing 400 of 451 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/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, 2018 the School served an estimated 477 students.
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IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08428921
IRS990/OtherAssetsTotalGrp/EOYAmt06554412
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031393
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0331375
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0362768
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Pension Expenses per Ac
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Food
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0110647
IRS990/OtherExpensesGrp/ProgramServicesAmt01664941
IRS990/OtherExpensesGrp/ProgramServicesAmt121711
IRS990/OtherExpensesGrp/ProgramServicesAmt2794
IRS990/OtherExpensesGrp/TotalAmt01664941
IRS990/OtherExpensesGrp/TotalAmt1110647
IRS990/OtherExpensesGrp/TotalAmt221711
IRS990/OtherExpensesGrp/TotalAmt3794
IRS990/OtherLiabilitiesGrp/BOYAmt013277172
IRS990/OtherLiabilitiesGrp/EOYAmt013183424
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0206649
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02806443
IRS990/OtherSalariesAndWagesGrp/TotalAmt03013092
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt036710
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0750
IRS990/PaymentsToAffiliatesGrp/TotalAmt037460
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024321
IRS990/PayrollTaxesGrp/ProgramServicesAmt0217663
IRS990/PayrollTaxesGrp/TotalAmt0241984
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt054985
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt058846
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt025703
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0244904
IRS990/PensionPlanContributionsGrp/TotalAmt0270607
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0148553
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0183737
IRS990/PrincipalOfficerNm0Amy Larsen
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05169206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05169206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118796
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0193061
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0519
IRS990/PYOtherExpensesAmt02834138
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05071213
IRS990/PYRevenuesLessExpensesAmt0-1589846
IRS990/PYSalariesCompEmpBnftPaidAmt04020501
IRS990/PYTotalExpensesAmt06854639
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05264793
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1432153
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05188002
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0193061
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0185409
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0191825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0179460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0962546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0596
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0519
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0422
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0176
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01997
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt025079911
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt05189269
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt05071213
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt04853849
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt04632076
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt04370958
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt024117365
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05402060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05264274
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05039258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04823901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04550418
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt025079911
IRS990ScheduleA/TotalSupportAmt025081908
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt058846
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156172
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0215018
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06833542
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06554412
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt064464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1293660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210819303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31759480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4246517
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated absences payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability-PERA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net Pension Liability-TRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Pension Plan Deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Severance benefits payable
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05401389
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, 2018. 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/TotalBookValueLandBuildingsAmt058846
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06554412
IRS990ScheduleD/TotalExpensesPerForm990Amt06833542
IRS990ScheduleD/TotalLiabilityAmt013183424
IRS990ScheduleD/TotalRevenuePerForm990Amt05401389
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05401389
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06833542
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 2018 was 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/TotalAssetsBOYAmt010789726
IRS990/TotalAssetsEOYAmt09276698
IRS990/TotalAssetsGrp/BOYAmt010789726
IRS990/TotalAssetsGrp/EOYAmt09276698
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0212791
IRS990/TotalEmployeeCnt070
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0916463
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05917079
IRS990/TotalFunctionalExpensesGrp/TotalAmt06833542
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013784507
IRS990/TotalLiabilitiesEOYAmt013703632
IRS990/TotalLiabilitiesGrp/BOYAmt013784507
IRS990/TotalLiabilitiesGrp/EOYAmt013703632
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2994781
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4426934
IRS990/TotalOtherCompensationAmt018264
IRS990/TotalProgramServiceExpensesAmt05917079
IRS990/TotalProgramServiceRevenueAmt05188002
IRS990/TotalReportableCompFromOrgAmt0243918
IRS990/TotalRevenueGrp/ExclusionAmt0596
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05188002
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05401389
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010789726

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,276,698
Liabilities
$13,703,632
Net assets
-$4,426,934
Revenue
$5,401,389
Expenses
$6,833,542
Net income
-$1,432,153
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