Civic Intelligence

Educational Properties Inc

990 • Fiscal year 2018 • EIN 45-4743465

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 07, 2019

9477 Decatur Dr NBrooklyn Park, MN 55445

(763) 592-7706

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$21,121,225

Up $588,925 (+2.9%) from 2017

Net Assets

Down

-$1,421,282

Down $40,854 (-3.0%) from 2017

Liabilities

Up

$22,542,507

Up $629,779 (+2.9%) from 2017

Revenue And Expenses

Revenue

Up

$1,371,440

Up $237,518 (+21%) from 2017

Expenses

Down

$1,412,294

Down $757,788 (-35%) from 2017

Net Income

Up

-$40,854

Up $995,306 (+96%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2013: $1Liabilities 2013: $02013Assets 2015: $1Liabilities 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $20,532,300Liabilities 2017: $21,912,728Net Assets 2017: -$1,380,4282017Assets 2018: $21,121,225Liabilities 2018: $22,542,507Net Assets 2018: -$1,421,2822018Assets 2019: $21,045,324Liabilities 2019: $22,263,773Net Assets 2019: -$1,218,4492019Assets 2020: $20,815,315Liabilities 2020: $21,852,313Net Assets 2020: -$1,036,9982020Assets 2021: $20,562,600Liabilities 2021: $21,382,242Net Assets 2021: -$819,6422021Assets 2022: $20,277,078Liabilities 2022: $20,858,870Net Assets 2022: -$581,7922022Assets 2023: $20,098,681Liabilities 2023: $20,384,799Net Assets 2023: -$286,1182023Assets 2024: $19,976,139Liabilities 2024: $19,865,628Net Assets 2024: $110,5112024Assets 2025: $19,825,862Liabilities 2025: $19,295,057Net Assets 2025: $530,8052025

Highlighted filing

2018

Assets$21,121,225
Liabilities$22,542,507
Net Assets-$1,421,282

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $1,133,922Expenses 2017: $2,170,082Net Income 2017: -$1,036,1602017Revenue 2018: $1,371,440Expenses 2018: $1,412,294Net Income 2018: -$40,8542018Revenue 2019: $1,570,179Expenses 2019: $1,367,346Net Income 2019: $202,8332019Revenue 2020: $1,557,070Expenses 2020: $1,375,619Net Income 2020: $181,4512020Revenue 2021: $1,527,215Expenses 2021: $1,309,859Net Income 2021: $217,3562021Revenue 2022: $1,528,255Expenses 2022: $1,290,405Net Income 2022: $237,8502022Revenue 2023: $1,597,009Expenses 2023: $1,301,335Net Income 2023: $295,6742023Revenue 2024: $1,655,413Expenses 2024: $1,258,784Net Income 2024: $396,6292024Revenue 2025: $1,641,231Expenses 2025: $1,244,937Net Income 2025: $396,2942025

Highlighted filing

2018

Revenue$1,371,440
Expenses$1,412,294
Net Income-$40,854
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 7, 2019
Return Version
2017v2.3
Gross Receipts
$1,371,440
Mission and Program Overview

Mission

To acquire and maintain real property for lease to noble academy.

To acquire and maintain real property for lease to noble academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,462,567$18,812,982▲ $350,415
Savings and Temporary Cash Investments$2,069,733$2,308,243▲ $238,510
Pd in Cap Srpls Land Bldg Eqp Fund$197,464$193,560▼ $3,904
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,577,892$-1,614,842▼ $36,950
Total Assets$20,532,300$21,121,225▲ $588,925
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,412,853$21,338,506▼ $74,347
Unsecured Notes Loans Payable-$693,401-
Other Liabilities$499,875$510,600▲ $10,725
Total Liabilities$21,912,728$22,542,507▲ $629,779
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,380,428$-1,421,282▼ $40,854
Total Liabilities and Net Assets / Fund Balance$20,532,300$21,121,225▲ $588,925

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,292,421$972,468$17,264,889
Land$2,520,561-$2,520,561
Compensation and Service Providers

Employees

NameTitleOtherTotal
Leng VangChair$72,170$72,170

Board Members and Trustees

NameTitle
Pal YangVice Chair
Mai Lee YangSecretary
Mike PocrnichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,351,200
Investment Income
$20,240
Other Revenue
$0
Change in Net Assets
$-40,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,240
Revenue Not Reported on Financial Statements
$1,351,200
Revenue Not Reported on Form 990
$11,190,285
Other Revenue Adjustments
$1,351,200
Total Revenue per Audited Statements
$11,210,525
Total Revenue per Form 990
$1,371,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,412,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,024,366--$1,024,366
Depreciation Depletion$342,986--$342,986
Fees for Services Other$44,942--$44,942
Total Functional Expenses$1,412,294$0$0$1,412,294

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,318,294
Expenses Not Reported on Form 990$10,906,000
Expenses per Audited Statements$1,412,294
Total Expenses per Form 990$1,412,294
Expenses Not Reported on Financial Statements$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
Accrued Interest Payable$510,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

All staff members who are employed at the school, including teachers providing instruction under a cooperative, and all parents of children enrolled in the school may vote in the board member election. Each family of an enrolled student will get a maximum of two votes, those votes will be cast by the parents or legal guardians of the student only.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have authority to act on behalf of the governing body.

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

The form 990 is prepared by an independent public accounting firm and reviewed by the school's finance committee and approved by the board prior to its filing.

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

The conflict of interest policy is monitored by the board of directors on a regular basis. Any conflict of interest issues, in appearance or fact, are thoroughly reviewed prior to any formal decision being made on the course of action determined by the commissioner of education. Interested persons are prohibited from serving as a member of the school's board of directors if also as an employee or agent of (directly or indirectly) a for-profit entity in which the school contracts all proceeds are documented in the meeting minutes or as otherwise appropriate.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Educational Properties Inc
EIN
45-4743465
Phone
7635927706
Address
9477 DECATUR DR N, BROOKLYN PARK, MN 55445

Signing Officer

Name
Mike Pocrnich
Title
Treasurer
Phone
7635927706
Signed
2019-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Pocrnich
Formed
2009
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56302-1496
Preparer
Shelley M Gaetz
Phone
3202510286
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue reported on other returns 11,190,285.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

RENT REVENUE 1,351,200.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses reported on other returns 12,362,233. Rent expense on other returns, not on financial statements -1,456,233.

Raw XML Appendix385 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO NOBLE ACADEMY
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ANTON GROUP
IRS990/BooksInCareOfDetail/PhoneNum06512943508
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01335 PIERCE BUTLER ROUTE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ST PAUL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055104
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-1577892
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-1614842
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt020240
IRS990/CYOtherExpensesAmt01412294
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01351200
IRS990/CYRevenuesLessExpensesAmt0-40854
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01412294
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01371440
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0342986
IRS990/DepreciationDepletionGrp/TotalAmt0342986
IRS990/Desc0OWN AND LEASE PROPERTY BACK TO NOBLE ACADEMY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01412294
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt044942
IRS990/FeesForServicesOtherGrp/TotalAmt044942
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0LENG VANG
IRS990/Form990PartVIISectionAGrp/PersonNm1PAL YANG
IRS990/Form990PartVIISectionAGrp/PersonNm2MAI LEE YANG
IRS990/Form990PartVIISectionAGrp/PersonNm3MIKE POCRNICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt072170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01371440
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt01024366
IRS990/InterestGrp/TotalAmt01024366
IRS990/InvestmentIncomeGrp/ExclusionAmt020240
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020240
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0972468
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018462567
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018812982
IRS990/LandBldgEquipCostOrOtherBssAmt019785450
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO NOBLE ACADEMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt021412853
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt021338506
IRS990/NetAssetsOrFundBalancesBOYAmt0-1380428
IRS990/NetAssetsOrFundBalancesEOYAmt0-1421282
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0499875
IRS990/OtherLiabilitiesGrp/EOYAmt0510600
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0197464
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0193560
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE POCRNICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01351200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01351200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07147
IRS990/PYOtherExpensesAmt02170082
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01126775
IRS990/PYRevenuesLessExpensesAmt0-1036160
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02170082
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01133922
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-40854
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01351200
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02069733
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02308243
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0870790480
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01351200
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NOBLE ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01351200
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt016292421
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0972468
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017264889
IRS990ScheduleD/ExpensesNotReportedAmt010906000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01412294
IRS990ScheduleD/LandGrp/BookValueAmt02520561
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02520561
IRS990ScheduleD/OtherExpensesIncludedAmt010906000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0510600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherRevenueAmt011190285
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01351200
IRS990ScheduleD/RevenueNotReportedAmt011190285
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01351200
IRS990ScheduleD/RevenueSubtotalAmt020240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUE REPORTED ON OTHER RETURNS 11,190,285.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENT REVENUE 1,351,200.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES REPORTED ON OTHER RETURNS 12,362,233. RENT EXPENSE ON OTHER RETURNS, NOT ON FINANCIAL STATEMENTS -1,456,233.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018812982
IRS990ScheduleD/TotalExpensesPerForm990Amt01412294
IRS990ScheduleD/TotalLiabilityAmt0510600
IRS990ScheduleD/TotalRevenuePerForm990Amt01371440
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011210525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012318294
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE BOARD MEMBER ELECTION. EACH FAMILY OF AN ENROLLED STUDENT WILL GET A MAXIMUM OF TWO VOTES, THOSE VOTES WILL BE CAST BY THE PARENTS OR LEGAL GUARDIANS OF THE STUDENT ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE AND APPROVED BY THE BOARD PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS ON A REGULAR BASIS. ANY CONFLICT OF INTEREST ISSUES, IN APPEARANCE OR FACT, ARE THOROUGHLY REVIEWED PRIOR TO ANY FORMAL DECISION BEING MADE ON THE COURSE OF ACTION DETERMINED BY THE COMMISSIONER OF EDUCATION. INTERESTED PERSONS ARE PROHIBITED FROM SERVING AS A MEMBER OF THE SCHOOL'S BOARD OF DIRECTORS IF ALSO AS AN EMPLOYEE OR AGENT OF (DIRECTLY OR INDIRECTLY) A FOR-PROFIT ENTITY IN WHICH THE SCHOOL CONTRACTS ALL PROCEEDS ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BUILDING COMPANY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NOBLE ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0870790480
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09477 DECATUR DRIVE NORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROOKLYN PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055445
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01351200
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0RENT RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NOBLE ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt020532300
IRS990/TotalAssetsEOYAmt021121225
IRS990/TotalAssetsGrp/BOYAmt020532300
IRS990/TotalAssetsGrp/EOYAmt021121225
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01412294
IRS990/TotalFunctionalExpensesGrp/TotalAmt01412294
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021912728
IRS990/TotalLiabilitiesEOYAmt022542507
IRS990/TotalLiabilitiesGrp/BOYAmt021912728
IRS990/TotalLiabilitiesGrp/EOYAmt022542507
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1380428
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1421282
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01412294
IRS990/TotalProgramServiceRevenueAmt01351200
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020240
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01351200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01371440
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020532300
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021121225
IRS990/TotReportableCompRltdOrgAmt072170
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0693401
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09477 DECATUR DR N
IRS990/USAddress/CityNm0BROOKLYN PARK
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055445
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.NOBLEACADEMY.US
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE POCRNICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07635927706
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATIONAL PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0454743465
ReturnHeader/Filer/PhoneNum07635927706
ReturnHeader/Filer/USAddress/AddressLine1Txt09477 DECATUR DR N
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055445
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0263E1B184108BFE8AB0E1A8361949DB89699BFC1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0504151B07C85EB60807BD671D03FC60E9283988C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02019-03-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:22:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411656121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLENNER WENNER & CO CPA'S PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0630 ROOSEVELT RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CLOUD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0563021496
ReturnHeader/PreparerPersonGrp/PhoneNum03202510286
ReturnHeader/PreparerPersonGrp/PreparationDt02019-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLEY M GAETZ
ReturnHeader/ReturnTs02019-03-20T12:57:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$19.8$19.3$0.53$1.64$1.24$0.40
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$19.9$0.11$1.66$1.26$0.40
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.1$20.4$0.29$1.60$1.30$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$20.9$0.58$1.53$1.29$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$21.4$0.82$1.53$1.31$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$21.9$1.04$1.56$1.38$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$22.3$1.22$1.57$1.37$0.20
2018Detailed filing. Detailed filing data is available for this year.$21.1$22.5$1.42$1.37$1.41$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$21.9$1.38$1.13$2.17$1.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00