Civic Intelligence

Technical Academies of Minnesota

990 • Fiscal year 2021 • EIN 46-0977989

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 21, 2022

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

95th percentile

1.11x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.08x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

25th percentile

-0.0%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$64,767

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

8.4%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

3.3%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$2,229,340

Up $172,405 (+8.4%) from 2020

Net Assets

Down

-$243,256

Down $195 (-0.1%) from 2020

Liabilities

Up

$2,472,596

Up $172,600 (+7.5%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin25th percentile

Revenue

Up

$2,294,555

Up $73,298 (+3.3%) from 2020

Expenses

Up

$2,294,750

Up $97,220 (+4.4%) from 2020

Net Income

Down

-$195

Down $23,922 (-101%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2021

Assets$2,229,340
Liabilities$2,472,596
Net Assets-$243,256
Open 2021 Filing

Operations Trend

Revenue Growth38th 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

2021

Revenue$2,294,555
Expenses$2,294,750
Net Income-$195
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 21, 2022
Return Version
2020v4.1
Gross Receipts
$2,294,555
Mission and Program Overview

Mission

The mission of TAM is to provide a student-directed learning environment that is challenging, democratic, reflective, joyful and hopeful. Students' unique developmental needs and capacities are appreciated and every student is valued as a whole human being-heart, mind, body and soul.

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$481,019$1,283,430▲ $802,411
Land, Buildings, and Equipment, Net$89,500$71,992▼ $17,508
Pledges and Grants Receivable$284,574$49,217▼ $235,357
Prepaid Expenses and Deferred Charges$58,661$42,658▼ $16,003
Accounts Receivable$181$123▼ $58
Total Assets$2,056,935$2,229,340▲ $172,405
Other Assets Total$1,143,000$781,920▼ $361,080
Liabilities
Other Liabilities$2,126,341$1,972,783▼ $153,558
Unsecured Notes Loans Payable-$273,667-
Accounts Payable and Accrued Expenses$173,655$195,689▲ $22,034
Deferred Revenue-$30,457-
Total Liabilities$2,299,996$2,472,596▲ $172,600
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-243,061$-243,256▼ $195
Total Net Assets Fund Balance$-243,061$-243,256▼ $195
Total Liabilities and Net Assets / Fund Balance$2,056,935$2,229,340▲ $172,405

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$71,992$91,771$163,763
Other Assets Org$781,920--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly EnriquezTreasurerFT$57,828$6,939$64,767
Garret BitkerBoard ChairFT$54,205$8,973$63,178
Josh NaplesTeacher MemberFT$36,192$4,334$40,526

Board Members and Trustees

NameTitle
Jim BarnesCommunity Member
Lynn StiehmParent Member
Jacklyn SkrukrudRecorder
Revenue and Support

Revenue Composition

Contributions and Grants
$2,282,576
Program Service Revenue
$4,823
Investment Income
$0
Other Revenue
$7,156
All Other Contributions
$15,592
Change in Net Assets
$-195

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,294,555
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,294,555
Total Revenue per Form 990
$2,294,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,670,253
Other Expenses$624,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$886,111$49,585-$935,696
Pension Plan Contributions$284,863$16,443-$301,306
Occupancy$275,734--$275,734
Other Employee Benefits$168,813$23,248-$192,061
Current Officers, Directors, Trustees, and Key Employees$150,686$8,432-$159,118
Payroll Taxes$77,765$4,307-$82,072
Fees for Services Accounting-$67,583-$67,583
Fees for Services Other$40,751$18,669-$59,420
Information Technology$39,603$9,881-$49,484
Depreciation Depletion$15,809$1,699-$17,508
Other Expenses$17,081$18,544-$17,081
Insurance$16,925--$16,925
All Other Expenses$15,767--$15,767
Travel$14,831$55-$14,886
Office Expenses$8,124$1,227-$9,351
Total Functional Expenses$2,073,224$221,526$0$2,294,750

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,294,750
Total Expenses per Audited Statements$2,294,750
Total Expenses per Form 990$2,294,750
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$1,165,034
Deferred inflows of pension resources$807,749
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
2022-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garret Bitker
Formed
2012
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
3
Employees
49
Volunteers
8

Preparer

Firm
Abdo
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:

“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, 2021, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are open and all others are closed. No returns are currently under examination in any tax jurisdiction.”

Raw XML AppendixShowing 400 of 426 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/ReconcilationRevenueExpnssAmt0-195
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RevenueAmt04823
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt071992
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0163763
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02294750
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0781920
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflows of pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0807749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11165034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred inflows of pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02294555
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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, 2021, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are open and all others are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071992
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0781920
IRS990ScheduleD/TotalExpensesPerForm990Amt02294750
IRS990ScheduleD/TotalLiabilityAmt01972783
IRS990ScheduleD/TotalRevenuePerForm990Amt02294555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02294555
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02294750
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:
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02073224
IRS990/TotalFunctionalExpensesGrp/TotalAmt02294750
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt02472596
IRS990/TotalLiabilitiesGrp/BOYAmt02299996
IRS990/TotalLiabilitiesGrp/EOYAmt02472596
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-243061
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-243256
IRS990/TotalOtherCompensationAmt020246
IRS990/TotalProgramServiceExpensesAmt02073224
IRS990/TotalProgramServiceRevenueAmt04823
IRS990/TotalReportableCompFromOrgAmt0148225
IRS990/TotalRevenueGrp/ExclusionAmt07156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04823
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02294555
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02056935
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02229340
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt055
IRS990/TravelGrp/ProgramServicesAmt014831
IRS990/TravelGrp/TotalAmt014886
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0273667
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01705 16th St NE
IRS990/USAddress/CityNm0Willmar
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056201
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.technicalacademies.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Garret Bitker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,229,340
Liabilities
$2,472,596
Net assets
-$243,256
Revenue
$2,294,555
Expenses
$2,294,750
Net income
-$195
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
2021Detailed filing. Detailed filing data is available for this year.$2.23$2.47$0.24$2.29$2.29$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

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