Civic Intelligence

Northeast College Prep

990 • Fiscal year 2021 • EIN 46-2577480

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 08, 2022

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

1.18x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.99x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

16th percentile

-3.6%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$121,809

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

25th percentile

0.8%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

17%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$12,924,003

Up $104,583 (+0.8%) from 2020

Net Assets

Down

-$2,289,081

Down $277,802 (-14%) from 2020

Liabilities

Up

$15,213,084

Up $382,385 (+2.6%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin16th percentile

Revenue

Up

$7,653,254

Up $1,122,325 (+17%) from 2020

Expenses

Up

$7,931,056

Up $566,777 (+7.7%) from 2020

Net Income

Up

-$277,802

Up $555,548 (+67%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2021

Assets$12,924,003
Liabilities$15,213,084
Net Assets-$2,289,081
Open 2021 Filing

Operations Trend

Revenue Growth57th 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

2021

Revenue$7,653,254
Expenses$7,931,056
Net Income-$277,802
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 8, 2022
Return Version
2020v4.2
Gross Receipts
$7,653,254
Mission and Program Overview

Mission

See page 1, part i, line 1.

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$7,930,270$7,928,883▼ $1,387
Cash and Non-Interest-Bearing Accounts$438,973$1,425,001▲ $986,028
Pledges and Grants Receivable$824,045$888,953▲ $64,908
Accounts Receivable$801,146$593,765▼ $207,381
Prepaid Expenses and Deferred Charges$64,788$70,023▲ $5,235
Total Assets$12,819,420$12,924,003▲ $104,583
Other Assets Total$2,760,198$2,017,378▼ $742,820
Liabilities
Tax Exempt Bond Liabilities$7,820,000$7,820,000→ $0
Other Liabilities$5,240,619$5,100,295▼ $140,324
Mortgage Notes Payable Secured by Investment Property$1,213,682$1,202,851▼ $10,831
Accounts Payable and Accrued Expenses$556,398$1,081,163▲ $524,765
Deferred Revenue-$8,775-
Total Liabilities$14,830,699$15,213,084▲ $382,385
Net Assets / Fund Balance
Net Assets With Donor Restrictions$770,903$792,345▲ $21,442
Net Assets Without Donor Restrictions$-2,782,182$-3,081,426▼ $299,244
Total Net Assets Fund Balance$-2,011,279$-2,289,081▼ $277,802
Total Liabilities and Net Assets / Fund Balance$12,819,420$12,924,003▲ $104,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,426,745$236,578$6,663,323
Land$1,067,929-$1,067,929
Equipment$434,209$335,209$769,418
Other Assets Org$2,017,378--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erika SassSchool DirectorFT$95,809$26,000$121,809
Carl PhillipsExecutive DirectorFT$100,551$19,006$119,557
Amanda JagdeoDirector/TeacherFT$76,688$19,515$96,203
Whitney McKinleyDirector/TeacherFT$73,604$11,606$85,210
Joanna SchneiderDirector/TeacherFT$64,774$8,071$72,845

Board Members and Trustees

NameTitle
Jessica WaletskiChair
Erica AhlgrenDirector
Josh CrossonDirector
Scott MurphyDirector
Courtney CarterSecretary
Bill GravesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
4Mativ TechnologiesStudent Transportation44 Foy Drive, Hamilton Square, NJ 08690$493,746
HealthpartnersHealth InsuranceNW 3600 PO Box 1450, Minneapolis, MN 55485$478,694
Done Right FoodStudent Meals4256 Central Ave NE, Columbia Heights, MN 55421$173,098
Creatively FocusedStudent Special Education Services370 Wabasha St North, Saint Paul, MN 55102$112,069
Revenue and Support

Revenue Composition

Contributions and Grants
$7,621,737
Program Service Revenue
$45
Investment Income
$656
Other Revenue
$30,816
All Other Contributions
$331,411
Change in Net Assets
$-277,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,653,254
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$574,939
Total Revenue per Audited Statements
$8,228,193
Total Revenue per Form 990
$7,653,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,223,085
Other Expenses$3,707,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,959,372$150,536-$2,109,908
Fees for Services Other$1,557,722$393,775-$1,951,497
Pension Plan Contributions$802,834$92,086-$894,920
Other Employee Benefits$443,022$86,562-$529,584
Interest$437,200$21,235-$458,435
Current Officers, Directors, Trustees, and Key Employees$398,741$30,635-$429,376
Payroll Taxes$232,777$26,520-$259,297
Depreciation Depletion$231,501$1,161-$232,662
Information Technology$143,845$52,126-$195,971
Other Expenses$91,932$0-$91,932
All Other Expenses$1,322$50,559-$51,881
Conferences and Meetings$41,138$5,809-$46,947
Occupancy$33,208--$33,208
Travel$26,501$177-$26,678
Insurance$16,300--$16,300
Office Expenses-$3,998-$3,998
Total Functional Expenses$6,944,295$986,761$0$7,931,056

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,505,995
Expenses per Audited Statements$7,931,056
Total Expenses per Form 990$7,931,056
Expenses Not Reported on Form 990$574,939
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
Pension Liability$3,331,950
Deferred Inflow of Pension Resources$1,768,345

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
Corrective action procedures
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
Erika Sass
Title
Executive Director
Phone
6122488240
Signed
2022-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erika Sass
Formed
2013
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
83
Volunteers
4

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 574,519. Management and general expenses 0. Fundraising expenses 0. Total expenses 574,519. Consulting/Contracted Fees for Services: Program service expenses 0. Management and general expenses 231,686. Fundraising expenses 0. Total expenses 231,686. Subcontracted Federal Awards: Program service expenses 35,304. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,304. Non-Instructional Support: Program service expenses 107,005. Management and general expenses 162,089. Fundraising expenses 0. Total expenses 269,094. Transportaion Services: Program service expenses 555,727. Management and general expenses 0. Fundraising expenses 0. Total expenses 555,727. Food Services: Program service expenses 173,098. Management and general expenses 0. Fundraising expenses 0. Total expenses 173,098. Special Education Services: Program service expenses 112,069. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,069.”

Form 990, Part XII, Line 2C:

“No change from prior year.”

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 closed. No returns are currently under examination in any tax jurisdiction.”

Part XI, Line 2D - Other Adjustments:

“Elimination of Organizational charged rent revenue and expense 574,939.”

Part XII, Line 2D - Other Adjustments:

“Elimination of Organizational charged rent revenue and expense 574,939.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10School Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt07290326
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07653254
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt052126
IRS990/InformationTechnologyGrp/ProgramServicesAmt0143845
IRS990/InformationTechnologyGrp/TotalAmt0195971
IRS990/InsuranceGrp/ProgramServicesAmt016300
IRS990/InsuranceGrp/TotalAmt016300
IRS990/InterestGrp/ManagementAndGeneralAmt021235
IRS990/InterestGrp/ProgramServicesAmt0437200
IRS990/InterestGrp/TotalAmt0458435
IRS990/InvestmentIncomeGrp/ExclusionAmt0656
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0656
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0571787
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07930270
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07928883
IRS990/LandBldgEquipCostOrOtherBssAmt08500670
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/BOYAmt01213682
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01202851
IRS990/NetAssetsOrFundBalancesBOYAmt0-2011279
IRS990/NetAssetsOrFundBalancesEOYAmt0-2289081
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2782182
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-3081426
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt033208
IRS990/OccupancyGrp/TotalAmt033208
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03998
IRS990/OfficeExpensesGrp/TotalAmt03998
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02760198
IRS990/OtherAssetsTotalGrp/EOYAmt02017378
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt086562
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0443022
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0529584
IRS990/OtherExpensesGrp/Desc0Supplies/Equipment
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Repairs/Maintenance
IRS990/OtherExpensesGrp/Desc3Equipment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022845
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1907
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt247830
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0286190
IRS990/OtherExpensesGrp/ProgramServicesAmt1194741
IRS990/OtherExpensesGrp/ProgramServicesAmt245949
IRS990/OtherExpensesGrp/ProgramServicesAmt391932
IRS990/OtherExpensesGrp/TotalAmt0309035
IRS990/OtherExpensesGrp/TotalAmt1195648
IRS990/OtherExpensesGrp/TotalAmt293779
IRS990/OtherExpensesGrp/TotalAmt391932
IRS990/OtherLiabilitiesGrp/BOYAmt05240619
IRS990/OtherLiabilitiesGrp/EOYAmt05100295
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt021422
IRS990/OtherRevenueMiscGrp/ExclusionAmt19394
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021422
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt19394
IRS990/OtherRevenueTotalAmt030816
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0150536
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01959372
IRS990/OtherSalariesAndWagesGrp/TotalAmt02109908
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026520
IRS990/PayrollTaxesGrp/ProgramServicesAmt0232777
IRS990/PayrollTaxesGrp/TotalAmt0259297
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt092086
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0802834
IRS990/PensionPlanContributionsGrp/TotalAmt0894920
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0824045
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0888953
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt070023
IRS990/PrincipalOfficerNm0Erika Sass
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Fees from Patrons
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06512819
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0593
IRS990/PYOtherExpensesAmt03394580
IRS990/PYOtherRevenueAmt017437
IRS990/PYProgramServiceRevenueAmt080
IRS990/PYRevenuesLessExpensesAmt0-833350
IRS990/PYSalariesCompEmpBnftPaidAmt03969699
IRS990/PYTotalExpensesAmt07364279
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06530929
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-277802
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt045
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/BookValueAmt06426745
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0236578
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06663323
IRS990ScheduleD/EquipmentGrp/BookValueAmt0434209
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0335209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0769418
IRS990ScheduleD/ExpensesNotReportedAmt0574939
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07931056
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01067929
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01067929
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02017378
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflow of Pension Resources
IRS990ScheduleD/OtherExpensesIncludedAmt0574939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03331950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11768345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflow of Pension Resources
IRS990ScheduleD/OtherRevenueAmt0574939
IRS990ScheduleD/RevenueNotReportedAmt0574939
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07653254
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 closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Elimination of Organizational charged rent revenue and expense 574,939.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Elimination of Organizational charged rent revenue and expense 574,939.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07928883
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02017378
IRS990ScheduleD/TotalExpensesPerForm990Amt07931056
IRS990ScheduleD/TotalLiabilityAmt05100295
IRS990ScheduleD/TotalRevenuePerForm990Amt07653254
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08228193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08505995
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$12,924,003
Liabilities
$15,213,084
Net assets
-$2,289,081
Revenue
$7,653,254
Expenses
$7,931,056
Net income
-$277,802
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
2021Detailed filing. Detailed filing data is available for this year.$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