Civic Intelligence

Mastery School Inc

990 • Fiscal year 2018 • EIN 45-4882206

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 18, 2019

Organization ProfileWWW.THEMASTERYSCHOOL.ORG
4021 Thomas Avenue NorthMinneapolis, MN 55412

(612) 381-9743

Siviq Scores

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

Liabilities / Assets

97th percentile

1.57x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.56x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$103,026

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

9th percentile

-16%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

2.8%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,807,812

Down $704,803 (-16%) from 2017

Net Assets

Down

-$2,162,621

Down $803,329 (-59%) from 2017

Liabilities

Up

$5,970,433

Up $98,526 (+1.7%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin13th percentile

Revenue

Up

$3,838,631

Up $105,934 (+2.8%) from 2017

Expenses

Up

$4,641,960

Up $289,375 (+6.6%) from 2017

Net Income

Down

-$803,329

Down $183,441 (-30%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2018

Assets$3,807,812
Liabilities$5,970,433
Net Assets-$2,162,621
Open 2018 Filing

Operations Trend

Revenue Growth48th 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

2018

Revenue$3,838,631
Expenses$4,641,960
Net Income-$803,329
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 18, 2019
Return Version
2017v2.3
Gross Receipts
$3,838,631
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$409,785$437,376▲ $27,591
Cash and Non-Interest-Bearing Accounts$33,384$182,159▲ $148,775
Land, Buildings, and Equipment, Net$147,682$103,570▼ $44,112
Pd in Cap Srpls Land Bldg Eqp Fund$147,682$103,570▼ $44,112
Prepaid Expenses and Deferred Charges$50,217$101,886▲ $51,669
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,506,974$-2,266,191▼ $759,217
Total Assets$4,512,615$3,807,812▼ $704,803
Other Assets Total$3,871,547$2,982,821▼ $888,726
Liabilities
Other Liabilities$5,343,158$5,351,733▲ $8,575
Unsecured Notes Loans Payable$268,628$479,023▲ $210,395
Accounts Payable and Accrued Expenses$260,121$139,677▼ $120,444
Total Liabilities$5,871,907$5,970,433▲ $98,526
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,359,292$-2,162,621▼ $803,329
Total Liabilities and Net Assets / Fund Balance$4,512,615$3,807,812▼ $704,803

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,334$293,905$354,239
Leasehold Improvements$43,236$8,149$51,385
Other Assets Org$2,811,219--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula BumpSchool PrincipalFT$86,033$16,993$103,026
Terrence PriceSecretary/teacherFT$66,644$10,220$76,864

Board Members and Trustees

NameTitle
Abdul WrightChair
Margie SoranChair (through 6.29.2018)
Renisha GrayBoard Member
Rochelle HayesBoard Member
Brian BellBoard Member (through 6.29.2018)
Eric MahmoudCEO
Carl AllenCOO/CFO
David MiltonTreasurer (through 6.29.2018)

Highest Paid Contractors

ContractorServicesLocationCompensation
Harvest Network Of SchoolsCharter Management1300 OLSON MEMORIAL HIGHWAY, Minneapolis, MN 55411$228,240
Minnehaha TransportationStudent Transportation2507 WALNUT ST, Roseville, MN 55113$181,549
Revenue and Support

Revenue Composition

Contributions and Grants
$3,837,889
Program Service Revenue
$742
Investment Income
$0
Other Revenue
$0
All Other Contributions
$331,583
Change in Net Assets
$-803,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,838,631
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,838,631
Total Revenue per Form 990
$3,838,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,853,217
Other Expenses$1,788,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,436,803$138,994-$1,575,797
Pension Plan Contributions$823,657$77,143-$900,800
Fees for Services Other$375,000$39,509-$414,509
Occupancy$323,622$50,540-$374,162
Fees for Services Management-$240,000-$240,000
Current Officers, Directors, Trustees, and Key Employees$181,896--$181,896
Payroll Taxes$120,451$9,903-$130,354
Depreciation Depletion$63,038$2,484-$65,522
Other Employee Benefits$57,798$6,572-$64,370
Fees for Services Legal-$53,998-$53,998
Office Expenses$20,017$25,584-$45,601
Insurance$20,020--$20,020
Interest$16,510--$16,510
Information Technology$14,855$77-$14,932
Other Expenses$14,276$15,820-$14,276
All Other Expenses$6,039$3,328-$9,367
Travel$3,644$17-$3,661
Advertising-$718-$718
Total Functional Expenses$3,976,900$665,060$0$4,641,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,641,960
Total Expenses per Audited Statements$4,641,960
Total Expenses per Form 990$4,641,960
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$4,456,674
Deferred Inflows, Pensions$725,539
Due to Affiliates$169,520
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 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 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 2018.”

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. Carl allen served as officers of mastery school 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
4021 THOMAS AVENUE NORTH, MINNEAPOLIS, MN 55412

Signing Officer

Name
Paula Bump
Title
Principal
Phone
6123819743
Signed
2019-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Bump
Formed
2012
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
67
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

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 466 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/NetAssetsOrFundBalancesBOYAmt0-1359292
IRS990/NetAssetsOrFundBalancesEOYAmt0-2162621
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt050540
IRS990/OccupancyGrp/ProgramServicesAmt0323622
IRS990/OccupancyGrp/TotalAmt0374162
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025584
IRS990/OfficeExpensesGrp/ProgramServicesAmt020017
IRS990/OfficeExpensesGrp/TotalAmt045601
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03871547
IRS990/OtherAssetsTotalGrp/EOYAmt02982821
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06572
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057798
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064370
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0373
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115820
IRS990/OtherExpensesGrp/ProgramServicesAmt0327341
IRS990/OtherExpensesGrp/ProgramServicesAmt1171933
IRS990/OtherExpensesGrp/ProgramServicesAmt214276
IRS990/OtherExpensesGrp/TotalAmt0327341
IRS990/OtherExpensesGrp/TotalAmt1172306
IRS990/OtherExpensesGrp/TotalAmt215820
IRS990/OtherExpensesGrp/TotalAmt314276
IRS990/OtherLiabilitiesGrp/BOYAmt05343158
IRS990/OtherLiabilitiesGrp/EOYAmt05351733
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0138994
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01436803
IRS990/OtherSalariesAndWagesGrp/TotalAmt01575797
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09903
IRS990/PayrollTaxesGrp/ProgramServicesAmt0120451
IRS990/PayrollTaxesGrp/TotalAmt0130354
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0147682
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0103570
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt077143
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0823657
IRS990/PensionPlanContributionsGrp/TotalAmt0900800
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050217
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0101886
IRS990/PrincipalOfficerNm0PAULA BUMP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0FEES FORM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0742
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0742
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03732054
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0103
IRS990/PYOtherExpensesAmt01680453
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0540
IRS990/PYRevenuesLessExpensesAmt0-619888
IRS990/PYSalariesCompEmpBnftPaidAmt02672132
IRS990/PYTotalExpensesAmt04352585
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03732697
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-803329
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0742
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt060334
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0293905
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0354239
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04641960
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt043236
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08149
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt051385
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0171602
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12811219
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS, PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0169520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1725539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24456674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS, PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03838631
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/TotalBookValueLandBuildingsAmt0103570
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02982821
IRS990ScheduleD/TotalExpensesPerForm990Amt04641960
IRS990ScheduleD/TotalLiabilityAmt05351733
IRS990ScheduleD/TotalRevenuePerForm990Amt03838631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03838631
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04641960
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 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 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 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MR. ERIC MAHMOUD AND MR. CARL ALLEN SERVED AS OFFICERS OF MASTERY SCHOOL 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/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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04512615
IRS990/TotalAssetsEOYAmt03807812
IRS990/TotalAssetsGrp/BOYAmt04512615
IRS990/TotalAssetsGrp/EOYAmt03807812
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03837889
IRS990/TotalEmployeeCnt067
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0665060
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03976900
IRS990/TotalFunctionalExpensesGrp/TotalAmt04641960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05871907
IRS990/TotalLiabilitiesEOYAmt05970433
IRS990/TotalLiabilitiesGrp/BOYAmt05871907
IRS990/TotalLiabilitiesGrp/EOYAmt05970433

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,807,812
Liabilities
$5,970,433
Net assets
-$2,162,621
Revenue
$3,838,631
Expenses
$4,641,960
Net income
-$803,329
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