Civic Intelligence

Arch Academy Minnesota Comeback

990 • Fiscal year 2015 • EIN 45-4631052

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

Organization ProfileN/A
710 South 2nd Street No 400Minneapolis, MN 55401

(612) 293-9088

Siviq Scores

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

Liabilities / Assets

98th percentile

5.02x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

100th percentile

1955%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

91st percentile

$45,780

Higher top officer pay than 91% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

4th percentile

-78%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$38,738

Down $135,284 (-78%) from 2014

Net Assets

Down

-$155,794

Down $91,729 (-143%) from 2014

Liabilities

Down

$194,532

Down $43,555 (-18%) from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$4,693

Down $1,068,907 (-100%) from 2014

Expenses

Down

$87,036

Down $1,045,792 (-92%) from 2014

Net Income

Down

-$91,729

Down $23,115 (-34%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2013: $120,468Liabilities 2013: $115,919Net Assets 2013: $4,5492013Assets 2014: $174,022Liabilities 2014: $238,087Net Assets 2014: -$64,0652014Assets 2015: $38,738Liabilities 2015: $194,532Net Assets 2015: -$155,7942015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2015

Assets$38,738
Liabilities$194,532
Net Assets-$155,794
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $210,344Expenses 2013: $205,795Net Income 2013: $4,5492013Revenue 2014: $1,064,214Expenses 2014: $1,132,828Net Income 2014: -$68,6142014Revenue 2015: -$4,693Expenses 2015: $87,036Net Income 2015: -$91,7292015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016

Highlighted filing

2015

Revenue-$4,693
Expenses$87,036
Net Income-$91,729
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$51,836
Mission and Program Overview

Mission

At Arch Academy, we honor the hopes and dreams you have for your child. We believe that a great education will give them the opportunity to turn these hopes and dreams into reality. Arch Academy is THE choice for a school that will deliver a quality, college-prep education to your child.

Arch Academy is a charter school serving kindergarten through 3rd grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,529--
Cap Stk Tr Prin Current Funds$56,529$0▼ $56,529
Accounts Receivable$104,322$38,313▼ $66,009
Prepaid Expenses and Deferred Charges$1,460$0▼ $1,460
Cash and Non-Interest-Bearing Accounts$11,711$425▼ $11,286
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-120,594$-155,794▼ $35,200
Total Assets$174,022$38,738▼ $135,284
Liabilities
Accounts Payable and Accrued Expenses$177,796$180,741▲ $2,945
Unsecured Notes Loans Payable$60,000$13,500▼ $46,500
Deferred Revenue$291$291→ $0
Total Liabilities$238,087$194,532▼ $43,555
Net Assets / Fund Balance
Total Net Assets Fund Balance$-64,065$-155,794▼ $91,729
Total Liabilities and Net Assets / Fund Balance$174,022$38,738▼ $135,284
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angela MansfieldDirectorFT$42,500$3,280$45,780

Board Members and Trustees

NameTitle
Scott BrenerBoard Chair
Andrew HopkinsVice Chair
Bondo NyembweBoard Member
Kendall CarlsonBoard Member
Allen HoffmanTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$29,281
Investment Income
$-33,974
Other Revenue
$0
Change in Net Assets
$-91,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,922
Salaries, Compensation, and Employee Benefits$4,114
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$21,435$46,479-$67,914
Occupancy$10,780--$10,780
Office Expenses$914$3,054-$3,968
Other Salaries and Wages-$3,459-$3,459
Payroll Taxes-$265-$265
Payments to Affiliates$260--$260
Pension Plan Contributions-$260-$260
Other Employee Benefits$130--$130
Total Functional Expenses$33,519$53,517$0$87,036
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 B, line 11

“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 990 is reviewed by the board.”

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 15A

“An annual review is completed by the governing board. The finance committee of the Board review compensation and recommend approval by the board. A written agreement is put in place.”

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, Independent Board Members

“Several members of the Board are expected to be 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
Arch Academy Minnesota Comeback
EIN
45-4631052
Phone
6122939088
Address
710 South 2nd Street No 400, Minneapolis, MN 55401
Doing Business As
Arch Academy

Signing Officer

Name
Scott Brener
Title
Board Chair
Phone
9528384230
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Brener
Formed
2013
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
0

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 III, line 3

“At the July 18, 2014 School Board meeting, the Board voted in favor of closing the School, effective immediately. The School subsequently notified the Minnesota Department of Education of this decision on July 23, 2014.”

Form 990, Part IX, line 11G

“Other Services related to the Schoo : Program service expenses 15,348. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,348. Field Trip : Program service expenses 6,087. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,087. Other Services related to the Schoo : Program service expenses 0. Management and general expenses 46,479. Fundraising expenses 0. Total expenses 46,479.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from federal and state income taxes under Internal Revenue Service Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy 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 Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy 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 Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2015.”

Raw XML Appendix400 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Service Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy 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 Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy 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 Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2015.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The policy is communicated in all solicitations and registration materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School does not provide Scholarships or other financial assistance.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2As a Minnesota Public Charter School, the school receives state education and federal grant funding.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2Computers and tablets
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Metro Schools
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1Metro Schools
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt2Northeast College Prep
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IRS990ScheduleN/DispositionOfAssetsDetail/EIN1352215865
IRS990ScheduleN/DispositionOfAssetsDetail/EIN2462577480
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt06788
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt122100
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt227641
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(c)(3) Charter School
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1501(c)(3) Charter School
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt2501(c)(3) Charter School
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Cost less depreciation
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1Cost less depreciation
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2Cost less depreciation
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt02600 26th Ave S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt12600 26th Ave S
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt22511 Taylor St NE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Minneapolis
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1Minneapolis
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2Minneapolis
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1MN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd2MN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd055406
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd155406
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd255418
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0At the July 18, 2014 School Board meeting, the Board voted in favor of closing the School, effective immediately. The School subsequently notified the Minnesota Department of Education of this decision on July 23, 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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 990 is reviewed by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board 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/ExplanationTxt3An annual review is completed by the governing board. The finance committee of the Board review compensation and recommend approval by the board. A written agreement is put in place.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other Services related to the Schoo : Program service expenses 15,348. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,348. Field Trip : Program service expenses 6,087. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,087. Other Services related to the Schoo : Program service expenses 0. Management and general expenses 46,479. Fundraising expenses 0. Total expenses 46,479.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Several members of the Board are expected to be 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/FormAndLineReferenceDesc0Form 990, Part III, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION A, LINE 1B, INDEPENDENT BOARD MEMBERS
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0174022
IRS990/TotalAssetsEOYAmt038738
IRS990/TotalAssetsGrp/BOYAmt0174022
IRS990/TotalAssetsGrp/EOYAmt038738
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053517
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033519
IRS990/TotalFunctionalExpensesGrp/TotalAmt087036
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0238087
IRS990/TotalLiabilitiesEOYAmt0194532
IRS990/TotalLiabilitiesGrp/BOYAmt0238087
IRS990/TotalLiabilitiesGrp/EOYAmt0194532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-64065
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-155794
IRS990/TotalOtherCompensationAmt03280
IRS990/TotalProgramServiceExpensesAmt033519
IRS990/TotalProgramServiceRevenueAmt029281
IRS990/TotalReportableCompFromOrgAmt042500
IRS990/TotalRevenueGrp/ExclusionAmt0-33974
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029281
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-4693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174022
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038738
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt060000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt013500
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03500 American Blvd
IRS990/USAddress/CityNm0Bloomington
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055431
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Brener
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09528384230
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Arch Academy Minnesota Comeback
ReturnHeader/Filer/BusinessNameControlTxt0ARCH
ReturnHeader/Filer/EIN0454631052
ReturnHeader/Filer/PhoneNum06122939088
ReturnHeader/Filer/USAddress/AddressLine1Txt0710 South 2nd Street No 400
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411690382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Malloy Montague Karnowski Radosevich
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05353 Wayzata Blvd Suite 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055416
ReturnHeader/PreparerPersonGrp/PhoneNum09525450424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas A Karnowski
ReturnHeader/ReturnTs02016-05-13T16:20:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,738
Liabilities
$194,532
Net assets
-$155,794
Revenue
-$4,693
Expenses
$87,036
Net income
-$91,729
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.19$0.16$0.00$0.09$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.24$0.06$1.06$1.13$0.07
2013Summary only. Only limited summary data is available for this year.$0.12$0.12$0.00$0.21$0.21$0.00