Civic Intelligence

Northeast College Prep

990 • Fiscal year 2020 • EIN 46-2577480

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 08, 2021

Organization Profilenortheastcollegeprep.org
300 Industrial Blvd NEMinneapolis, MN 55413

(612) 248-8240

Siviq Scores

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

Liabilities / Assets

96th percentile

1.16x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

2.27x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

32nd percentile

$127,292

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

97th percentile

142%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

5.0%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$12,819,420

Up $7,528,750 (+142%) from 2019

Net Assets

Down

-$2,011,279

Down $833,350 (-71%) from 2019

Liabilities

Up

$14,830,699

Up $8,362,100 (+129%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin17th percentile

Revenue

Up

$6,530,929

Up $308,865 (+5.0%) from 2019

Expenses

Up

$7,364,279

Up $1,274,055 (+21%) from 2019

Net Income

Down

-$833,350

Down $965,190 (-732%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $1Liabilities 2013: $02013Assets 2014: $112,392Liabilities 2014: $32,915Net Assets 2014: $79,4772014Assets 2015: $647,462Liabilities 2015: $252,132Net Assets 2015: $395,3302015Assets 2016: $1,525,928Liabilities 2016: $1,052,198Net Assets 2016: $473,7302016Assets 2017: $4,783,182Liabilities 2017: $4,925,486Net Assets 2017: -$142,3042017Assets 2018: $5,046,341Liabilities 2018: $6,356,110Net Assets 2018: -$1,309,7692018Assets 2019: $5,290,670Liabilities 2019: $6,468,599Net Assets 2019: -$1,177,9292019Assets 2020: $12,819,420Liabilities 2020: $14,830,699Net Assets 2020: -$2,011,2792020Assets 2021: $12,924,003Liabilities 2021: $15,213,084Net Assets 2021: -$2,289,0812021Assets 2022: $3,953,974Liabilities 2022: $5,906,520Net Assets 2022: -$1,952,5462022Assets 2023: $3,824,074Liabilities 2023: $5,573,995Net Assets 2023: -$1,749,9212023Assets 2024: $3,243,759Liabilities 2024: $4,444,568Net Assets 2024: -$1,200,8092024

Highlighted filing

2020

Assets$12,819,420
Liabilities$14,830,699
Net Assets-$2,011,279
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

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

$10M$5.0M$0-$5.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $322,770Expenses 2014: $243,293Net Income 2014: $79,4772014Revenue 2015: $2,360,959Expenses 2015: $2,039,168Net Income 2015: $321,7912015Revenue 2016: $3,039,719Expenses 2016: $2,961,319Net Income 2016: $78,4002016Revenue 2017: $4,595,942Expenses 2017: $5,211,976Net Income 2017: -$616,0342017Revenue 2018: $5,144,933Expenses 2018: $6,312,398Net Income 2018: -$1,167,4652018Revenue 2019: $6,222,064Expenses 2019: $6,090,224Net Income 2019: $131,8402019Revenue 2020: $6,530,929Expenses 2020: $7,364,279Net Income 2020: -$833,3502020Revenue 2021: $7,653,254Expenses 2021: $7,931,056Net Income 2021: -$277,8022021Revenue 2022: $7,891,712Expenses 2022: $8,402,951Net Income 2022: -$511,2392022Revenue 2023: $7,570,784Expenses 2023: $7,368,159Net Income 2023: $202,6252023Revenue 2024: $7,163,723Expenses 2024: $6,585,230Net Income 2024: $578,4932024

Highlighted filing

2020

Revenue$6,530,929
Expenses$7,364,279
Net Income-$833,350
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 8, 2021
Return Version
2019v5.2
Gross Receipts
$6,530,929
Mission and Program Overview

Mission

Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$300,024$7,930,270▲ $7,630,246
Pledges and Grants Receivable$828,822$824,045▼ $4,777
Accounts Receivable$164,015$801,146▲ $637,131
Cash and Non-Interest-Bearing Accounts$115,166$438,973▲ $323,807
Prepaid Expenses and Deferred Charges$20,541$64,788▲ $44,247
Total Assets$5,290,670$12,819,420▲ $7,528,750
Other Assets Total$3,862,102$2,760,198▼ $1,101,904
Liabilities
Tax Exempt Bond Liabilities-$7,820,000-
Other Liabilities$5,678,243$5,240,619▼ $437,624
Mortgage Notes Payable Secured by Investment Property$439,385$1,213,682▲ $774,297
Accounts Payable and Accrued Expenses$350,971$556,398▲ $205,427
Total Liabilities$6,468,599$14,830,699▲ $8,362,100
Net Assets / Fund Balance
Net Assets With Donor Restrictions$370,639$770,903▲ $400,264
Net Assets Without Donor Restrictions$-1,548,568$-2,782,182▼ $1,233,614
Total Net Assets Fund Balance$-1,177,929$-2,011,279▼ $833,350
Total Liabilities and Net Assets / Fund Balance$5,290,670$12,819,420▲ $7,528,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,578,265$69,245$6,647,510
Land$1,078,909-$1,078,909
Equipment$273,096$259,049$532,145
Other Assets Org$2,760,198--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carl PhillipsExecutive DirectorFT$98,579$28,713$127,292
Joanna SchneiderChair/TeacherFT$60,801$11,517$72,318
Whitney McKinleyDirector/TeacherFT$59,344$11,550$70,894

Board Members and Trustees

NameTitle
Bill GravesDirector
Josh CrossonDirector
Julie EdmistonDirector
Scott MurphyDirector
Jessica WaletskiSecretary
Courtney Thompson CarterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bille Bus Transportion IncTransportation Services2500 New Brighton Blvd Ste 113, Saint Anthony, MN 55418$506,281
Minnehaha Transportaion IncTransportation Services2507 Walnut Street, Roseville, MN 55113$346,291
Done Right FoodFood ServicesPO Box 21153, Columbia Heights, MN 55421$255,083
Creatively FocusedSpecial Education Services1155 Centre Point Dr Suite 6, Mendota Heights, MN 55120$126,957
Integrative Therapy LLCSpecial Education Services2017 Independence Ave N, Golden Valley, MN 55427$110,946
Revenue and Support

Revenue Composition

Contributions and Grants
$6,512,819
Program Service Revenue
$80
Investment Income
$593
Other Revenue
$17,437
All Other Contributions
$205,958
Change in Net Assets
$-833,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,530,929
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$197,061
Total Revenue per Audited Statements
$6,727,990
Total Revenue per Form 990
$6,530,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,969,699
Other Expenses$3,394,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,902,678$199,783-$2,102,461
Fees for Services Other$1,512,469$167,714-$1,680,183
Pension Plan Contributions$824,199$86,752-$910,951
Interest$533,508--$533,508
Other Employee Benefits$430,872$77,694-$508,566
Occupancy$404,345--$404,345
Current Officers, Directors, Trustees, and Key Employees$202,681$21,282-$223,963
Payroll Taxes$198,937$24,821-$223,758
Depreciation Depletion$117,432$958-$118,390
Information Technology$30,849$35,073-$65,922
Travel$34,399$21-$34,420
Other Expenses$1,360$32,917-$34,277
Conferences and Meetings$23,106$653-$23,759
Insurance$17,353--$17,353
Office Expenses-$2,348-$2,348
All Other Expenses$999$236-$1,235
Total Functional Expenses$6,628,944$735,335$0$7,364,279

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,561,340
Expenses per Audited Statements$7,364,279
Total Expenses per Form 990$7,364,279
Expenses Not Reported on Form 990$197,061
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 Inflow of Pension Resources$2,626,258
Pension Liability$2,614,361

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis2020-02-01$7,820,000Finance Building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,820,000---

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
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 B, line 11B

“The Board of Directors review and approve Form 990 prior to filing.”

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 B, line 15

“The salary is based on the board's performance evaluation of the Executive Director and also the staffing plan submitted by the Executive Director.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Northeast College Prep
EIN
46-2577480
Phone
6122488240
Address
300 Industrial Blvd NE, Minneapolis, MN 55413

Signing Officer

Name
Carl Phillips
Title
Executive Director
Phone
6122488240
Signed
2021-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Phillips
Formed
2013
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
83
Volunteers
20

Preparer

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

Additional Explanations

Form 990, Part IX, line 11G

“Contracted Educational Services: Program service expenses 28,187. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,187. Consulting/Contracted Fees for Services: Program service expenses 0. Management and general expenses 105,359. Fundraising expenses 0. Total expenses 105,359. Subcontracted Federal Awards: Program service expenses 25,044. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,044. Non-Instructional Support: Program service expenses 113,681. Management and general expenses 62,355. Fundraising expenses 0. Total expenses 176,036. Transportaion Services: Program service expenses 852,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 852,571. Food Services: Program service expenses 255,083. Management and general expenses 0. Fundraising expenses 0. Total expenses 255,083. Special Education Services: Program service expenses 237,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 237,903.”

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Charter School is classified as a Tax Exempt Organization under Section 501(c)(3) of the internal revenue code and comparable section of the Minnesota Income Tax Statutes. The Organization has evaluated and determined that there are no uncertian tax positions as of June 30, 2020. The association's tax returns are subject to possible examination by the taxing authorities. The Charter School has considered all potential units for which it is financially accountable and other organizations for which the nature and significance of their relationship with the Charter School are such that exclusion would cause the Charter School's financial statements to be misleading or incomplete. The Governmental Accounting Standards Board (GASB) has set forth criteria to be considered in determining financial accountability. These criteria include appointing a voting majority of an organization's governing body, and (1) the ability of the primary government to impose its will on that organization or (2) the potential for the organization to provide specific benefits to, or impose specific financial burdens on the primary government. The Charter School has no component units that meet the GASB criteria. Aside from its authorization, Student Achievement of Minnesota has no authority, control, power, or administrative responsibilities over the Charter School. Therefore, the Charter School is not considered a component unit of Student Achievement of Minnesota.”

Part XI, Line 2D - Other Adjustments:

“Elimination of Organizational charged rent revenue and expense 197,061.”

Part XII, Line 2D - Other Adjustments:

“Elimination of Organizational charged rent revenue and expense 197,061.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt06306861
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06530929
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt035073
IRS990/InformationTechnologyGrp/ProgramServicesAmt030849
IRS990/InformationTechnologyGrp/TotalAmt065922
IRS990/InsuranceGrp/ProgramServicesAmt017353
IRS990/InsuranceGrp/TotalAmt017353
IRS990/InterestGrp/ProgramServicesAmt0533508
IRS990/InterestGrp/TotalAmt0533508
IRS990/InvestmentIncomeGrp/ExclusionAmt0593
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0593
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0328294
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0300024
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07930270
IRS990/LandBldgEquipCostOrOtherBssAmt08258564
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0439385
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01213682
IRS990/NetAssetsOrFundBalancesBOYAmt0-1177929
IRS990/NetAssetsOrFundBalancesEOYAmt0-2011279
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1548568
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2782182
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0404345
IRS990/OccupancyGrp/TotalAmt0404345
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02348
IRS990/OfficeExpensesGrp/TotalAmt02348
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03862102
IRS990/OtherAssetsTotalGrp/EOYAmt02760198
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt077694
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0430872
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0508566
IRS990/OtherExpensesGrp/Desc0Food
IRS990/OtherExpensesGrp/Desc1Supplies/Equipment
IRS990/OtherExpensesGrp/Desc2Repairs/Maintenance
IRS990/OtherExpensesGrp/Desc3Dues/Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02187
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt129426
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt253470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt332917
IRS990/OtherExpensesGrp/ProgramServicesAmt0216589
IRS990/OtherExpensesGrp/ProgramServicesAmt1155452
IRS990/OtherExpensesGrp/ProgramServicesAmt221716
IRS990/OtherExpensesGrp/ProgramServicesAmt31360
IRS990/OtherExpensesGrp/TotalAmt0218776
IRS990/OtherExpensesGrp/TotalAmt1184878
IRS990/OtherExpensesGrp/TotalAmt275186
IRS990/OtherExpensesGrp/TotalAmt334277
IRS990/OtherLiabilitiesGrp/BOYAmt05678243
IRS990/OtherLiabilitiesGrp/EOYAmt05240619
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt014516
IRS990/OtherRevenueMiscGrp/ExclusionAmt12921
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014516
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12921
IRS990/OtherRevenueTotalAmt017437
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0199783
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01902678
IRS990/OtherSalariesAndWagesGrp/TotalAmt02102461
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024821
IRS990/PayrollTaxesGrp/ProgramServicesAmt0198937
IRS990/PayrollTaxesGrp/TotalAmt0223758
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt086752
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0824199
IRS990/PensionPlanContributionsGrp/TotalAmt0910951
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0828822
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0824045
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020541
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064788
IRS990/PrincipalOfficerNm0Carl Phillips
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Fees from Patrons
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt080
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05958501
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2727
IRS990/PYOtherExpensesAmt03000802
IRS990/PYOtherRevenueAmt0261068
IRS990/PYProgramServiceRevenueAmt05222
IRS990/PYRevenuesLessExpensesAmt0131840
IRS990/PYSalariesCompEmpBnftPaidAmt03089422
IRS990/PYTotalExpensesAmt06090224
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06222064
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-833350
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt080
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/BuildingsGrp/BookValueAmt06578265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt069245
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06647510
IRS990ScheduleD/EquipmentGrp/BookValueAmt0273096
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0259049
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0532145
IRS990ScheduleD/ExpensesNotReportedAmt0197061
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07364279
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01078909
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01078909
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02760198
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflow of Pension Resources
IRS990ScheduleD/OtherExpensesIncludedAmt0197061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02614361
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12626258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Pension Resources
IRS990ScheduleD/OtherRevenueAmt0197061
IRS990ScheduleD/RevenueNotReportedAmt0197061
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06530929
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is classified as a Tax Exempt Organization under Section 501(c)(3) of the internal revenue code and comparable section of the Minnesota Income Tax Statutes. The Organization has evaluated and determined that there are no uncertian tax positions as of June 30, 2020. The association's tax returns are subject to possible examination by the taxing authorities. The Charter School has considered all potential units for which it is financially accountable and other organizations for which the nature and significance of their relationship with the Charter School are such that exclusion would cause the Charter School's financial statements to be misleading or incomplete. The Governmental Accounting Standards Board (GASB) has set forth criteria to be considered in determining financial accountability. These criteria include appointing a voting majority of an organization's governing body, and (1) the ability of the primary government to impose its will on that organization or (2) the potential for the organization to provide specific benefits to, or impose specific financial burdens on the primary government. The Charter School has no component units that meet the GASB criteria. Aside from its authorization, Student Achievement of Minnesota has no authority, control, power, or administrative responsibilities over the Charter School. Therefore, the Charter School is not considered a component unit of Student Achievement of Minnesota.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Elimination of Organizational charged rent revenue and expense 197,061.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Elimination of Organizational charged rent revenue and expense 197,061.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07930270
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02760198
IRS990ScheduleD/TotalExpensesPerForm990Amt07364279
IRS990ScheduleD/TotalLiabilityAmt05240619
IRS990ScheduleD/TotalRevenuePerForm990Amt06530929
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06727990
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07561340
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 organization includes its nondiscriminatory policy towards students in all documents and publications.

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Filings

Displayed year

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

Open filing
Assets
$12,819,420
Liabilities
$14,830,699
Net assets
-$2,011,279
Revenue
$6,530,929
Expenses
$7,364,279
Net income
-$833,350
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.24$4.44$1.20$7.16$6.59$0.58
2023Detailed filing. Detailed filing data is available for this year.$3.82$5.57$1.75$7.57$7.37$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.95$5.91$1.95$7.89$8.40$0.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$15.2$2.29$7.65$7.93$0.28
2020Detailed filing. Detailed filing data is available for this year.$12.8$14.8$2.01$6.53$7.36$0.83
2019Detailed filing. Detailed filing data is available for this year.$5.29$6.47$1.18$6.22$6.09$0.13
2018Detailed filing. Detailed filing data is available for this year.$5.05$6.36$1.31$5.14$6.31$1.17
2017Detailed filing. Detailed filing data is available for this year.$4.78$4.93$0.14$4.60$5.21$0.62
2016Detailed filing. Detailed filing data is available for this year.$1.53$1.05$0.47$3.04$2.96$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.25$0.40$2.36$2.04$0.32
2014Summary only. Only limited summary data is available for this year.$0.11$0.03$0.08$0.32$0.24$0.08
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00