Civic Intelligence

Technical Academies of Minnesota

990 • Fiscal year 2020 • EIN 46-0977989

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

Organization Profilewww.technicalacademies.org
1705 16th St NEWillmar, MN 56201

(320) 262-5640

Siviq Scores

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

Liabilities / Assets

94th percentile

1.12x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

1.04x

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

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

Net Margin

40th percentile

1.1%

Higher net margin than 40% of similar nonprofits.

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

Top Officer Pay

54th percentile

$68,133

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

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

Asset Growth

96th percentile

187%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$2,056,935

Up $1,251,636 (+155%) from 2018

Net Assets

Down

-$243,061

Down $908,572 (-137%) from 2018

Liabilities

Up

$2,299,996

Up $2,160,208 (+1545%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin40th percentile

Revenue

Up

$2,221,257

Up $280,194 (+14%) from 2018

Expenses

Up

$2,197,530

Up $143,856 (+7.0%) from 2018

Net Income

Up

$23,727

Up $136,338 (+121%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2015: $615,074Liabilities 2015: $120,504Net Assets 2015: $494,5702015Assets 2016: $669,832Liabilities 2016: $118,911Net Assets 2016: $550,9212016Assets 2017: $865,029Liabilities 2017: $86,907Net Assets 2017: $778,1222017Assets 2018: $805,299Liabilities 2018: $139,788Net Assets 2018: $665,5112018Assets 2020: $2,056,935Liabilities 2020: $2,299,996Net Assets 2020: -$243,0612020Assets 2021: $2,229,340Liabilities 2021: $2,472,596Net Assets 2021: -$243,2562021Assets 2022: $2,571,849Liabilities 2022: $2,504,024Net Assets 2022: $67,8252022

Highlighted filing

2020

Assets$2,056,935
Liabilities$2,299,996
Net Assets-$243,061
Open 2020 Filing

Operations Trend

Revenue Growth69th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,711,930Expenses 2015: $1,225,663Net Income 2015: $486,2672015Revenue 2016: $1,808,733Expenses 2016: $1,752,382Net Income 2016: $56,3512016Revenue 2017: $2,207,605Expenses 2017: $1,980,404Net Income 2017: $227,2012017Revenue 2018: $1,941,063Expenses 2018: $2,053,674Net Income 2018: -$112,6112018Revenue 2020: $2,221,257Expenses 2020: $2,197,530Net Income 2020: $23,7272020Revenue 2021: $2,294,555Expenses 2021: $2,294,750Net Income 2021: -$1952021Revenue 2022: $2,553,303Expenses 2022: $2,242,222Net Income 2022: $311,0812022

Highlighted filing

2020

Revenue$2,221,257
Expenses$2,197,530
Net Income$23,727
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 1, 2021
Return Version
2019v5.2
Gross Receipts
$2,234,104
Mission and Program Overview

Mission

SEE PART I, LINE 1

To provide innovative educational opportunities and develop career pathways for young adults in partnership with the public and private sector. The technical academies will seek to fulfill the talent needs of industry and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$410,237$481,019▲ $70,782
Pledges and Grants Receivable$133,096$284,574▲ $151,478
Land, Buildings, and Equipment, Net$69,352$89,500▲ $20,148
Prepaid Expenses and Deferred Charges$30,361$58,661▲ $28,300
Accounts Receivable$80$181▲ $101
Total Assets$715,669$2,056,935▲ $1,341,266
Other Assets Total$72,543$1,143,000▲ $1,070,457
Liabilities
Other Liabilities$0$2,126,341▲ $2,126,341
Accounts Payable and Accrued Expenses$146,801$173,655▲ $26,854
Total Liabilities$146,801$2,299,996▲ $2,153,195
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$568,868$-243,061▼ $811,929
Total Net Assets Fund Balance$568,868$-243,061▼ $811,929
Total Liabilities and Net Assets / Fund Balance$715,669$2,056,935▲ $1,341,266

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$89,500$76,327$165,827
Other Assets Org$1,143,000--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammie KnickTreasurerFT$59,049$9,084$68,133
Kelly EnriquezTeacher MemberFT$20,667$1,583$22,250
Josh NaplesTeacher MemberFT$6,262$337$6,599

Board Members and Trustees

NameTitle
Garret BitkerBoard Chair
Marie HoffCommunity Member
Jim BarnesParent Member
Jacklyn SkrukrudRecorder
Revenue and Support

Revenue Composition

Contributions and Grants
$2,214,609
Program Service Revenue
$3,694
Investment Income
$-3,570
Other Revenue
$6,524
All Other Contributions
$10,216
Change in Net Assets
$23,727

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,224,827
Revenue Not Reported on Financial Statements
$-3,570
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-3,570
Total Revenue per Audited Statements
$2,224,827
Total Revenue per Form 990
$2,221,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,629,752
Other Expenses$567,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$896,931$49,611-$946,542
Pension Plan Contributions$292,742$25,683-$318,425
Occupancy$292,826--$292,826
Other Employee Benefits$152,316$4,284-$156,600
Current Officers, Directors, Trustees, and Key Employees$121,006$6,693-$127,699
Payroll Taxes$76,328$4,158-$80,486
Fees for Services Accounting-$66,716-$66,716
Fees for Services Other$60,987$3,655-$64,642
Information Technology$16,594$17,337-$33,931
Depreciation Depletion$19,819$141-$19,960
Insurance$14,974$1,215-$16,189
Travel$11,193--$11,193
Office Expenses$5,285$1,241-$6,526
Other Expenses$3,112$18,721-$3,112
All Other Expenses$1,368$25-$1,393
Fees for Services Legal-$822-$822
Total Functional Expenses$1,995,600$201,930$0$2,197,530

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,201,100
Expenses per Audited Statements$2,197,530
Total Expenses per Form 990$2,197,530
Expenses Not Reported on Form 990$3,570
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
Deferred inflows of pension resources$1,157,670
Pension liability$968,671
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
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 B, line 11B

“The Form 990 is prepared by an independent accounting firm and reviewed by the school's Board Chair and financial manager. The reviewed draft of the Form 990 is provided to the board electronically prior to filing with the IRS.”

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

“The organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization.”

Form 990, Part VI, Section C, line 19

“The organization makes its public documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Technical Academies of Minnesota
EIN
46-0977989
Phone
3202625640
Address
1705 16th St NE, Willmar, MN 56201

Signing Officer

Name
Garret Bitker
Title
Chair
Phone
3202625640
Signed
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garret Bitker
Formed
2012
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
4
Employees
55
Volunteers
60

Preparer

Firm
Abdo Eick & Meyers LLP
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Board of Directors assumes responsibility for the oversight of the audit as well as the selection of the independent auditor.”

Financial Statement Notes

Part X, Line 2:

“Income Taxes The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2020, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities.”

Part XI, Line 4B - Other Adjustments:

“Loss on sale of assets -3,570.”

Part XII, Line 2D - Other Adjustments:

“Loss on sale of assets 3,570.”

Raw XML AppendixShowing 400 of 436 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/PYContributionsGrantsAmt01879961
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2794
IRS990/PYOtherExpensesAmt0784195
IRS990/PYOtherRevenueAmt080883
IRS990/PYProgramServiceRevenueAmt03184
IRS990/PYRevenuesLessExpensesAmt0-96643
IRS990/PYSalariesCompEmpBnftPaidAmt01273682
IRS990/PYTotalExpensesAmt02057877
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01961234
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt023727
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03694
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/BookValueAmt089500
IRS990ScheduleD/EquipmentGrp/DepreciationAmt076327
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0165827
IRS990ScheduleD/ExpensesNotReportedAmt03570
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02197530
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01143000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflows of pension resources
IRS990ScheduleD/OtherExpensesIncludedAmt03570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01157670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1968671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred inflows of pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension liability
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-3570
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-3570
IRS990ScheduleD/RevenueSubtotalAmt02224827
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income Taxes The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2020, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss on sale of assets -3,570.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Loss on sale of assets 3,570.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089500
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01143000
IRS990ScheduleD/TotalExpensesPerForm990Amt02197530
IRS990ScheduleD/TotalLiabilityAmt02126341
IRS990ScheduleD/TotalRevenuePerForm990Amt02221257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02224827
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02201100
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 School's nondiscriminatory policy is available in the policy handbook and on promotional materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Organization receives financial assistance from the US Department of Education and the Minnesota Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent accounting firm and reviewed by the school's Board Chair and financial manager. The reviewed draft of the Form 990 is provided to the board electronically prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its public documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors assumes responsibility for the oversight of the audit as well as the selection of the independent auditor.
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 C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0715669
IRS990/TotalAssetsEOYAmt02056935
IRS990/TotalAssetsGrp/BOYAmt0715669
IRS990/TotalAssetsGrp/EOYAmt02056935
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02214609
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0201930
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01995600
IRS990/TotalFunctionalExpensesGrp/TotalAmt02197530
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0146801
IRS990/TotalLiabilitiesEOYAmt02299996
IRS990/TotalLiabilitiesGrp/BOYAmt0146801
IRS990/TotalLiabilitiesGrp/EOYAmt02299996
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0568868
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-243061
IRS990/TotalOtherCompensationAmt011004
IRS990/TotalProgramServiceExpensesAmt01995600
IRS990/TotalProgramServiceRevenueAmt03694
IRS990/TotalReportableCompFromOrgAmt085978
IRS990/TotalRevenueGrp/ExclusionAmt02954
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03694
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02221257
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0715669
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02056935
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt011193
IRS990/TravelGrp/TotalAmt011193
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,056,935
Liabilities
$2,299,996
Net assets
-$243,061
Revenue
$2,221,257
Expenses
$2,197,530
Net income
$23,727
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$2.50$0.07$2.55$2.24$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$2.47$0.24$2.29$2.29$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.06$2.30$0.24$2.22$2.20$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.14$0.67$1.94$2.05$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.09$0.78$2.21$1.98$0.23
2016Detailed filing. Detailed filing data is available for this year.$0.67$0.12$0.55$1.81$1.75$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.12$0.49$1.71$1.23$0.49