Civic Intelligence

Mastery School Inc

990 • Fiscal year 2017 • EIN 45-4882206

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 12, 2018

Organization ProfileWWW.THEMASTERYSCHOOL.ORG
1301 7th Avenue NorthMinneapolis, MN 55411

(612) 381-9743

Siviq Scores

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

Liabilities / Assets

95th percentile

1.30x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

1.57x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$100,537

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

252%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-2.7%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$4,512,615

Up $3,229,207 (+252%) from 2016

Net Assets

Down

-$1,359,292

Down $619,888 (-84%) from 2016

Liabilities

Up

$5,871,907

Up $3,849,095 (+190%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin15th percentile

Revenue

Down

$3,732,697

Down $101,928 (-2.7%) from 2016

Expenses

Up

$4,352,585

Up $56,964 (+1.3%) from 2016

Net Income

Down

-$619,888

Down $158,892 (-34%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$10M$5.0M$0-$5.0MAssets 2012: $406,972Liabilities 2012: $277,739Net Assets 2012: $129,2332012Assets 2013: $482,029Liabilities 2013: $605,610Net Assets 2013: -$123,5812013Assets 2014: $569,354Liabilities 2014: $440,218Net Assets 2014: $129,1362014Assets 2015: $1,176,774Liabilities 2015: $1,455,182Net Assets 2015: -$278,4082015Assets 2016: $1,283,408Liabilities 2016: $2,022,812Net Assets 2016: -$739,4042016Assets 2017: $4,512,615Liabilities 2017: $5,871,907Net Assets 2017: -$1,359,2922017Assets 2018: $3,807,812Liabilities 2018: $5,970,433Net Assets 2018: -$2,162,6212018Assets 2019: $3,013,242Liabilities 2019: $4,708,521Net Assets 2019: -$1,695,2792019Assets 2020: $2,267,526Liabilities 2020: $4,683,014Net Assets 2020: -$2,415,4882020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$4,512,615
Liabilities$5,871,907
Net Assets-$1,359,292
Open 2017 Filing

Operations Trend

Revenue Growth31st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $235,105Expenses 2012: $105,872Net Income 2012: $129,2332012Revenue 2013: $1,983,505Expenses 2013: $2,236,319Net Income 2013: -$252,8142013Revenue 2014: $3,079,035Expenses 2014: $2,826,318Net Income 2014: $252,7172014Revenue 2015: $3,989,681Expenses 2015: $3,522,522Net Income 2015: $467,1592015Revenue 2016: $3,834,625Expenses 2016: $4,295,621Net Income 2016: -$460,9962016Revenue 2017: $3,732,697Expenses 2017: $4,352,585Net Income 2017: -$619,8882017Revenue 2018: $3,838,631Expenses 2018: $4,641,960Net Income 2018: -$803,3292018Revenue 2019: $4,194,649Expenses 2019: $3,727,307Net Income 2019: $467,3422019Revenue 2020: $4,377,648Expenses 2020: $5,097,857Net Income 2020: -$720,2092020Revenue 2021: $3,027,342Expenses 2021: $2,266,422Net Income 2021: $760,9202021

Highlighted filing

2017

Revenue$3,732,697
Expenses$4,352,585
Net Income-$619,888
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 12, 2018
Return Version
2016v3.0
Gross Receipts
$3,732,697
Mission and Program Overview

Mission

To instruct, empower, enable, and guide students on the path through college and career success in dual single-gender programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$314,533$409,785▲ $95,252
Land, Buildings, and Equipment, Net$112,968$147,682▲ $34,714
Pd in Cap Srpls Land Bldg Eqp Fund$112,968$147,682▲ $34,714
Prepaid Expenses and Deferred Charges$50,156$50,217▲ $61
Cash and Non-Interest-Bearing Accounts$92,378$33,384▼ $58,994
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-852,372$-1,506,974▼ $654,602
Total Assets$1,283,408$4,512,615▲ $3,229,207
Other Assets Total$713,373$3,871,547▲ $3,158,174
Liabilities
Other Liabilities$1,693,566$5,343,158▲ $3,649,592
Unsecured Notes Loans Payable-$268,628-
Accounts Payable and Accrued Expenses$329,246$260,121▼ $69,125
Total Liabilities$2,022,812$5,871,907▲ $3,849,095
Net Assets / Fund Balance
Total Net Assets Fund Balance$-739,404$-1,359,292▼ $619,888
Total Liabilities and Net Assets / Fund Balance$1,283,408$4,512,615▲ $3,229,207

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$116,322$294,328$410,650
Leasehold Improvements$31,360$3,165$34,525
Other Assets Org$3,568,275--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula BumpPrincipalFT$84,314$16,223$100,537
Terrence PriceSecretary/teacherFT$71,507$10,261$81,768

Board Members and Trustees

NameTitle
Margie SoranChair
Brian BellBoard Member
Renisha GrayBoard Member
Rochelle HayesBoard Member
Eric MahmoudCEO
Robert DotyCFO
David MiltonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Minnehaha TransportationStudent Transportation2507 WALNUT ST, Roseville, MN 55113$394,405
Harvest Network Of SchoolsCharter Management1300 OLSON MEMORIAL HIGHWAY, Minneapolis, MN 55411$296,385
Metropolitan Transportation Network INCStudent Transportation8260 HICKORY ST, Fridley, MN 55432$104,191
Revenue and Support

Revenue Composition

Contributions and Grants
$3,732,054
Program Service Revenue
$540
Investment Income
$103
Other Revenue
$0
All Other Contributions
$416,409
Change in Net Assets
$-619,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,732,697
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,732,697
Total Revenue per Form 990
$3,732,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,672,132
Other Expenses$1,680,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,269,182$198,476-$1,467,658
Pension Plan Contributions$819,430$33,142-$852,572
Fees for Services Other$342,488$137,356-$479,844
Occupancy$287,971$121,396-$409,367
Current Officers, Directors, Trustees, and Key Employees$179,034--$179,034
Fees for Services Management-$151,961-$151,961
Payroll Taxes$106,478$14,555-$121,033
Office Expenses$31,094$27,007-$58,101
Other Employee Benefits$45,160$6,675-$51,835
Other Expenses$48,228$47,853-$48,228
Fees for Services Legal-$34,256-$34,256
Information Technology$1,800$26,539-$28,339
Travel$20,406$6,404-$26,810
Insurance$16,689--$16,689
All Other Expenses$463$15,576-$16,039
Interest$3,964--$3,964
Advertising-$2,603-$2,603
Total Functional Expenses$3,528,786$823,799$0$4,352,585

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,352,585
Total Expenses per Audited Statements$4,352,585
Total Expenses per Form 990$4,352,585
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
Pension Liability$5,112,993
Due to Affiliates$165,525
Deferred Inflows, Pensions$64,640
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 cfo reviews the form 990 before it is filed.”

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

“The board has a written conflict of interest policy and the organization is in compliance with that policy. The chief compliance officer monitors all compliance matters and ensures that the conflict of interest policy is enforced.”

Form 990, Part VI, Section B, Line 15

“The salaries of the school principal and other school leaders are determined on an individual contract basis, based upon work experience and work performance. These salaries are regularly compared against local school district salaries. This process was last undertaken in 2017.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

FORM 990, PART VII, SECTION A:

“Mr. Eric mahmoud and mr. Robert doty serve as officers of mastery school, inc. Through the management agreement with harvest network of schools, inc. Accordingly, all compensation for their services is captured and reported as management fees paid and reported on part vii section b.”

Filing and Contact Details

Filer

Filer Name
Mastery School Inc
EIN
45-4882206
Phone
6123819743
Address
1301 7TH AVENUE NORTH, MINNEAPOLIS, MN 55411

Signing Officer

Name
Paula Bump
Title
Principal
Phone
6123819743
Signed
2018-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Bump
Formed
2012
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
76
Volunteers
70

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley C Rehn CPA
Phone
6514267000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 30,264. Management and general expenses 76,027. Fundraising expenses 0. Total expenses 106,291. Contracted staff: program service expenses 188,105. Management and general expenses 19,889. Fundraising expenses 0. Total expenses 207,994. Other services: program service expenses 124,119. Management and general expenses 41,440. Fundraising expenses 0. Total expenses 165,559.”

Financial Statement Notes

PART X, LINE 2:

“A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard.”

Raw XML AppendixShowing 400 of 471 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/MissionDesc0TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE STUDENTS ON THE PATH THROUGH COLLEGE AND CAREER SUCCESS IN DUAL SINGLE-GENDER PROGRAMS.
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IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-739404
IRS990/NetAssetsOrFundBalancesEOYAmt0-1359292
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0121396
IRS990/OccupancyGrp/ProgramServicesAmt0287971
IRS990/OccupancyGrp/TotalAmt0409367
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027007
IRS990/OfficeExpensesGrp/ProgramServicesAmt031094
IRS990/OfficeExpensesGrp/TotalAmt058101
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0713373
IRS990/OtherAssetsTotalGrp/EOYAmt03871547
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06675
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045160
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051835
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2SMALL EQUIPMENT
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047853
IRS990/OtherExpensesGrp/ProgramServicesAmt0230929
IRS990/OtherExpensesGrp/ProgramServicesAmt146163
IRS990/OtherExpensesGrp/ProgramServicesAmt279307
IRS990/OtherExpensesGrp/ProgramServicesAmt348228
IRS990/OtherExpensesGrp/TotalAmt0230929
IRS990/OtherExpensesGrp/TotalAmt194016
IRS990/OtherExpensesGrp/TotalAmt279307
IRS990/OtherExpensesGrp/TotalAmt348228
IRS990/OtherLiabilitiesGrp/BOYAmt01693566
IRS990/OtherLiabilitiesGrp/EOYAmt05343158
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0198476
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01269182
IRS990/OtherSalariesAndWagesGrp/TotalAmt01467658
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014555
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106478
IRS990/PayrollTaxesGrp/TotalAmt0121033
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0112968
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0147682
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt033142
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0819430
IRS990/PensionPlanContributionsGrp/TotalAmt0852572
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050217
IRS990/PrincipalOfficerNm0PAULA BUMP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0FEES FORM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0540
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03834625
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02434385
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-460996
IRS990/PYSalariesCompEmpBnftPaidAmt01861236
IRS990/PYTotalExpensesAmt04295621
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03834625
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-619888
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0540
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0116322
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0294328
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0410650
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04352585
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt031360
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03165
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt034525
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0303272
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13568275
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS, PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0165525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt164640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25112993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS, PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03732697
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE SCHOOL HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0147682
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03871547
IRS990ScheduleD/TotalExpensesPerForm990Amt04352585
IRS990ScheduleD/TotalLiabilityAmt05343158
IRS990ScheduleD/TotalRevenuePerForm990Amt03732697
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03732697
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04352585
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
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 NONDISCRIMNATORY CLAUSE APPEARS ON MASTERY SCHOOL'S BROCHURE AND APPLICATIONS FOR ADMISSION AND EMPLOYMENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A CHARTER SCHOOL UNDER MINNESOTA STATUTE. THIS CLASSIFICATION ENTITLES THE ORGANIZATION TO THE SAME FUNDING AVAILABLE TO PUBLIC SCHOOLS WITHIN THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CFO REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY AND THE ORGANIZATION IS IN COMPLIANCE WITH THAT POLICY. THE CHIEF COMPLIANCE OFFICER MONITORS ALL COMPLIANCE MATTERS AND ENSURES THAT THE CONFLICT OF INTEREST POLICY IS ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES OF THE SCHOOL PRINCIPAL AND OTHER SCHOOL LEADERS ARE DETERMINED ON AN INDIVIDUAL CONTRACT BASIS, BASED UPON WORK EXPERIENCE AND WORK PERFORMANCE. THESE SALARIES ARE REGULARLY COMPARED AGAINST LOCAL SCHOOL DISTRICT SALARIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MR. ERIC MAHMOUD AND MR. ROBERT DOTY SERVE AS OFFICERS OF MASTERY SCHOOL, INC. THROUGH THE MANAGEMENT AGREEMENT WITH HARVEST NETWORK OF SCHOOLS, INC. ACCORDINGLY, ALL COMPENSATION FOR THEIR SERVICES IS CAPTURED AND REPORTED AS MANAGEMENT FEES PAID AND REPORTED ON PART VII SECTION B.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING FEES: PROGRAM SERVICE EXPENSES 30,264. MANAGEMENT AND GENERAL EXPENSES 76,027. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,291. CONTRACTED STAFF: PROGRAM SERVICE EXPENSES 188,105. MANAGEMENT AND GENERAL EXPENSES 19,889. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 207,994. OTHER SERVICES: PROGRAM SERVICE EXPENSES 124,119. MANAGEMENT AND GENERAL EXPENSES 41,440. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 165,559.
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 VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01283408
IRS990/TotalAssetsEOYAmt04512615
IRS990/TotalAssetsGrp/BOYAmt01283408
IRS990/TotalAssetsGrp/EOYAmt04512615
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03732054
IRS990/TotalEmployeeCnt076
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0823799
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03528786

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,512,615
Liabilities
$5,871,907
Net assets
-$1,359,292
Revenue
$3,732,697
Expenses
$4,352,585
Net income
-$619,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.03$2.27$0.76
2020Detailed filing. Detailed filing data is available for this year.$2.27$4.68$2.42$4.38$5.10$0.72
2019Detailed filing. Detailed filing data is available for this year.$3.01$4.71$1.70$4.19$3.73$0.47
2018Detailed filing. Detailed filing data is available for this year.$3.81$5.97$2.16$3.84$4.64$0.80
2017Detailed filing. Detailed filing data is available for this year.$4.51$5.87$1.36$3.73$4.35$0.62
2016Detailed filing. Detailed filing data is available for this year.$1.28$2.02$0.74$3.83$4.30$0.46
2015Detailed filing. Detailed filing data is available for this year.$1.18$1.46$0.28$3.99$3.52$0.47
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.44$0.13$3.08$2.83$0.25
2013Summary only. Only limited summary data is available for this year.$0.48$0.61$0.12$1.98$2.24$0.25
2012Summary only. Only limited summary data is available for this year.$0.41$0.28$0.13$0.24$0.11$0.13