Civic Intelligence

Rochester Beacon Academy

990EZ • Fiscal year 2015 • EIN 45-4835348

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 19, 2016

974 Skyline Dr SWRochester, MN 55902

(507) 721-1639

Siviq Scores

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

Liabilities / Assets

91st percentile

0.62x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

0.50x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$131,004

No earlier filing loaded for comparison.

Net Assets

$50,053

No earlier filing loaded for comparison.

Liabilities

$80,951

No earlier filing loaded for comparison.

Revenue

$160,311

No earlier filing loaded for comparison.

Expenses

$110,258

No earlier filing loaded for comparison.

Net Income

$50,053

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2015: $131,004Liabilities 2015: $80,951Net Assets 2015: $50,0532015Assets 2016: $497,185Liabilities 2016: $375,714Net Assets 2016: $121,4712016Assets 2017: $2,708,767Liabilities 2017: $2,980,617Net Assets 2017: -$271,8502017Assets 2018: $4,775,374Liabilities 2018: $6,425,526Net Assets 2018: -$1,650,1522018Assets 2019: $5,789,892Liabilities 2019: $7,028,121Net Assets 2019: -$1,238,2292019Assets 2020: $3,183,890Liabilities 2020: $4,727,115Net Assets 2020: -$1,543,2252020Assets 2021: $2,565,765Liabilities 2021: $4,246,735Net Assets 2021: -$1,680,9702021Assets 2022: $2,078,542Liabilities 2022: $3,504,857Net Assets 2022: -$1,426,3152022Assets 2023: $1,684,413Liabilities 2023: $2,789,094Net Assets 2023: -$1,104,6812023

Highlighted filing

2015

Assets$131,004
Liabilities$80,951
Net Assets$50,053

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $160,311Expenses 2015: $110,258Net Income 2015: $50,0532015Revenue 2016: $1,333,626Expenses 2016: $1,296,157Net Income 2016: $37,4692016Revenue 2017: $2,509,947Expenses 2017: $2,555,346Net Income 2017: -$45,3992017Revenue 2018: $3,837,138Expenses 2018: $4,054,442Net Income 2018: -$217,3042018Revenue 2019: $3,006,528Expenses 2019: $2,951,754Net Income 2019: $54,7742019Revenue 2020: $2,530,170Expenses 2020: $2,331,254Net Income 2020: $198,9162020Revenue 2021: $2,568,600Expenses 2021: $2,367,822Net Income 2021: $200,7782021Revenue 2022: $2,650,658Expenses 2022: $2,255,810Net Income 2022: $394,8482022Revenue 2023: $2,360,959Expenses 2023: $2,261,838Net Income 2023: $99,1212023

Highlighted filing

2015

Revenue$160,311
Expenses$110,258
Net Income$50,053
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 19, 2016
Return Version
2014v6.0
Gross Receipts
$160,311
Mission and Program Overview

Mission

To provide a safe learning environment in a secondary setting; respecting the individual and differentiated needs of learners, allowing them to reach their full potential and join their community with success.

Program Services

DescriptionGrantsExpenses
SECONDARY EDUCATION - ROCHESTER BEACON ACADEMY OPENED THEIR DOORS IN THE FALL OF 2015 TO 70 STUDENTS.$0$37,342
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MELANIE FLAHERTYChairPT$0--
BASSEM FADILAMemberPT$0--
ELSA LANTZMemberPT$0--
VESNA SLOANMemberPT$0--
COLETTE SWEENEYMemberPT$0--
LAURIE WINDISHMemberPT$0--
Filing and Contact Details

Filer

Filer Name
Rochester Beacon Academy
EIN
45-4835348
Phone
5077211639
Address
974 SKYLINE DR SW, ROCHESTER, MN 55902

Signing Officer

Name
Melanie Flaherty
Title
President
Phone
5077211639
Signed
2016-04-19
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Dennis Hoogeveen
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: earnings on investments. Amount: 3.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office supplies. Amount: 29,111. Description: dues and memberships. Amount: 2,081. Description: insurance. Amount: 3,768. Description: interest. Amount: 43. Description: depreciation. Amount: 5,055. Total to form 990-ez, line 16: 40,058.

FORM 990-EZ, BOX G, EXPLANATION FOR METHOD OF ACCOUNTING:

The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid. Beg. Of year amount: 0. End of year amount: 5,625. Description: grants receivable. Beg. Of year amount: 0. End of year amount: 75,792.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 0. End of year amount: 60,056. Description: accrued liabilities. Beg. Of year amount: 0. End of year amount: 5,895. Description: short-term note payable. Beg. Of year amount: 0. End of year amount: 15,000.

Raw XML Appendix171 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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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ANTON GROUP
IRS990EZ/BooksInCareOfDetail/PhoneNum09522407143
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MELANIE FLAHERTY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BASSEM FADILA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ELSA LANTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3VESNA SLOAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4COLETTE SWEENEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LAURIE WINDISH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt081417
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt040058
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE A SAFE LEARNING ENVIRONMENT IN A SECONDARY SETTING; RESPECTING THE INDIVIDUAL AND DIFFERENTIATED NEEDS OF LEARNERS, ALLOWING THEM TO REACH THEIR FULL POTENTIAL AND JOIN THEIR COMMUNITY WITH SUCCESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SECONDARY EDUCATION - ROCHESTER BEACON ACADEMY OPENED THEIR DOORS IN THE FALL OF 2015 TO 70 STUDENTS.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt037342
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.ROCHESTERBEACONACADEMY.ORG
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMATORY POLICY IS AVAILABLE TO THE PUBLIC ON THE SCHOOL'S WEBSITE AND UPON REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EARNINGS ON INVESTMENTS. AMOUNT: 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 29,111. DESCRIPTION: DUES AND MEMBERSHIPS. AMOUNT: 2,081. DESCRIPTION: INSURANCE. AMOUNT: 3,768. DESCRIPTION: INTEREST. AMOUNT: 43. DESCRIPTION: DEPRECIATION. AMOUNT: 5,055. TOTAL TO FORM 990-EZ, LINE 16: 40,058.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PREPAID. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5,625. DESCRIPTION: GRANTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 75,792.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 60,056. DESCRIPTION: ACCRUED LIABILITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5,895. DESCRIPTION: SHORT-TERM NOTE PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, BOX G, EXPLANATION FOR METHOD OF ACCOUNTING:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELANIE FLAHERTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05077211639
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCHESTER BEACON ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ROCH
ReturnHeader/Filer/EIN0454835348
ReturnHeader/Filer/PhoneNum05077211639
ReturnHeader/Filer/USAddress/AddressLine1Txt0974 SKYLINE DR SW
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS HOOGEVEEN
ReturnHeader/ReturnTs02016-04-21T12:15:17-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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