Civic Intelligence

Mastery School Inc

990 • Fiscal year 2020 • EIN 45-4882206

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 11, 2021

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

(612) 876-3814

Siviq Scores

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

Liabilities / Assets

98th percentile

2.07x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.07x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$73,308

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

4th percentile

-25%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

4.4%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$2,267,526

Down $745,716 (-25%) from 2019

Net Assets

Down

-$2,415,488

Down $720,209 (-42%) from 2019

Liabilities

Down

$4,683,014

Down $25,507 (-0.5%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin18th percentile

Revenue

Up

$4,377,648

Up $182,999 (+4.4%) from 2019

Expenses

Up

$5,097,857

Up $1,370,550 (+37%) from 2019

Net Income

Down

-$720,209

Down $1,187,551 (-254%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2020

Assets$2,267,526
Liabilities$4,683,014
Net Assets-$2,415,488
Open 2020 Filing

Operations Trend

Revenue Growth57th 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

2020

Revenue$4,377,648
Expenses$5,097,857
Net Income-$720,209
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 11, 2021
Return Version
2019v5.2
Gross Receipts
$4,455,237
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$474,809$546,107▲ $71,298
Cash and Non-Interest-Bearing Accounts$152,388$159,021▲ $6,633
Prepaid Expenses and Deferred Charges$101,001$51,163▼ $49,838
Land, Buildings, and Equipment, Net$86,597$7,343▼ $79,254
Pd in Cap Srpls Land Bldg Eqp Fund$86,597$7,343▼ $79,254
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,781,876$-2,422,831▼ $640,955
Total Assets$3,013,242$2,267,526▼ $745,716
Other Assets Total$2,198,447$1,503,892▼ $694,555
Liabilities
Other Liabilities$4,193,771$3,812,823▼ $380,948
Unsecured Notes Loans Payable$270,755$741,380▲ $470,625
Accounts Payable and Accrued Expenses$243,995$128,811▼ $115,184
Total Liabilities$4,708,521$4,683,014▼ $25,507
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,695,279$-2,415,488▼ $720,209
Total Liabilities and Net Assets / Fund Balance$3,013,242$2,267,526▼ $745,716

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,343$157,848$165,191
Other Assets Org$1,503,892--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa NoyesBoard Secretary & TeacherFT$63,166$10,142$73,308
Emily PetersonExecutive DirectorFT$54,600$3,564$58,164
Terrence PriceInterim Board Chair, Teacher Part-year-$37,958$6,203$44,161
Dr Karen Ruth-jarmonVice Board Chair, Teacher Part Year-$36,232$3,535$39,767
Keilly OlsenBoard Member & TeacherFT$33,799$4,652$38,451

Board Members and Trustees

NameTitle
Charmaine BellBoard Member
Dr Lesa ClarksonBoard Member
Ken RanceBoard Member
Tyrone TerrillTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Formative Technologies LLCStudent Transportation959 DAYTON AVENUE, St Paul, MN 55104$428,102
Revenue and Support

Revenue Composition

Contributions and Grants
$4,432,494
Program Service Revenue
$335
Investment Income
$-74,989
Other Revenue
$19,808
All Other Contributions
$113,269
Change in Net Assets
$-720,209

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,455,237
Revenue Not Reported on Financial Statements
$-77,589
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-77,589
Total Revenue per Audited Statements
$4,455,237
Total Revenue per Form 990
$4,377,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,753,424
Other Expenses$2,344,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,723,195$225,499-$1,948,694
Occupancy$415,499$52,341-$467,840
Fees for Services Other$330,876$72,810-$403,686
Current Officers, Directors, Trustees, and Key Employees$248,182$48,294-$296,476
Pension Plan Contributions$153,060$21,161-$174,221
Payroll Taxes$147,654$20,546-$168,200
Other Employee Benefits$154,957$10,876-$165,833
Other Expenses$147,807$90-$147,897
Fees for Services Accounting-$86,200-$86,200
Information Technology$29,187$20,629-$49,816
All Other Expenses$18,249$26,490-$44,739
Office Expenses$35,962$8,595-$44,557
Fees for Services Legal-$38,931-$38,931
Depreciation Depletion$27,169$826-$27,995
Insurance$19,848--$19,848
Interest$17,934--$17,934
Travel$17,469$47-$17,516
Advertising-$1,405-$1,405
Total Functional Expenses$4,207,504$890,353$0$5,097,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,175,446
Total Expenses per Audited Statements$5,175,446
Total Expenses per Form 990$5,097,857
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-77,589
Other Expense Adjustments$-77,589
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
Deferred Inflows, Pensions$1,937,918
Pension Liability$1,874,905
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 35% controlled entity
No
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 A, Line 8B

“The organization has no such committees.”

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

“The finance committee 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 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 2020.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, form 990, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mastery School Inc
EIN
45-4882206
Phone
6128763814
Address
1301 7TH AVENUE NORTH, MINNEAPOLIS, MN 55411

Signing Officer

Name
Tyrone Terrill
Title
Board Chair
Phone
6128763814
Signed
2021-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sylvia Beevas
Formed
2012
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
4
Employees
65
Volunteers
20

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

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.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“LOSS ON SALE OF ASSET”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“LOSS ON SALE OF ASSET”

Raw XML AppendixShowing 400 of 465 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/OccupancyGrp/ManagementAndGeneralAmt052341
IRS990/OccupancyGrp/ProgramServicesAmt0415499
IRS990/OccupancyGrp/TotalAmt0467840
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08595
IRS990/OfficeExpensesGrp/ProgramServicesAmt035962
IRS990/OfficeExpensesGrp/TotalAmt044557
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02198447
IRS990/OtherAssetsTotalGrp/EOYAmt01503892
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010876
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0154957
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0165833
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1CHANGE TRA/PERA VALUATI
IRS990/OtherExpensesGrp/Desc2LEASE TERMINATION FEE
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130613
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2225000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt390
IRS990/OtherExpensesGrp/ProgramServicesAmt0429679
IRS990/OtherExpensesGrp/ProgramServicesAmt1290777
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt3147807
IRS990/OtherExpensesGrp/TotalAmt0429679
IRS990/OtherExpensesGrp/TotalAmt1321390
IRS990/OtherExpensesGrp/TotalAmt2225000
IRS990/OtherExpensesGrp/TotalAmt3147897
IRS990/OtherLiabilitiesGrp/BOYAmt04193771
IRS990/OtherLiabilitiesGrp/EOYAmt03812823
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0VENDOR DEPOSITS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt019808
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019808
IRS990/OtherRevenueTotalAmt019808
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020546
IRS990/PayrollTaxesGrp/ProgramServicesAmt0147654
IRS990/PayrollTaxesGrp/TotalAmt0168200
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt086597
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt07343
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021161
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0153060
IRS990/PensionPlanContributionsGrp/TotalAmt0174221
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0101001
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051163
IRS990/PrincipalOfficerNm0SYLVIA BEEVAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0FEES FORM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0335
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04193402
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01351624
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01247
IRS990/PYRevenuesLessExpensesAmt0467342
IRS990/PYSalariesCompEmpBnftPaidAmt02375683
IRS990/PYTotalExpensesAmt03727307
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04194649
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-720209
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0335
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/BookValueAmt07343
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157848
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0165191
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-77589
IRS990ScheduleD/ExpensesSubtotalAmt05175446
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01503892
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS, PENSIONS
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-77589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01937918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11874905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS, PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-77589
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-77589
IRS990ScheduleD/RevenueSubtotalAmt04455237
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/ExplanationTxt1LOSS ON SALE OF ASSET
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON SALE OF ASSET
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07343
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01503892
IRS990ScheduleD/TotalExpensesPerForm990Amt05097857
IRS990ScheduleD/TotalLiabilityAmt03812823
IRS990ScheduleD/TotalRevenuePerForm990Amt04377648
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04455237
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05175446
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/ExplanationTxt1MASTERY SCHOOL IS A PUBLIC SCHOOL THAT IS FUNDED AND SUPPORTED BY THE MINNESOTA DEPARTMENT OF EDUCATION AND THE FEDERAL GOVERNMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE SALARIES OF 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 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03013242
IRS990/TotalAssetsEOYAmt02267526
IRS990/TotalAssetsGrp/BOYAmt03013242
IRS990/TotalAssetsGrp/EOYAmt02267526
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04432494
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0890353
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04207504

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,267,526
Liabilities
$4,683,014
Net assets
-$2,415,488
Revenue
$4,377,648
Expenses
$5,097,857
Net income
-$720,209
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