Civic Intelligence

Level Up Academy

990 • Fiscal year 2019 • EIN 46-4156040

Jul 01, 2018 to Jun 30, 2019 • Filed on May 07, 2020

East 2600 County Road EWhite Bear Lake, MN 55110

(651) 408-5559

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.10x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.07x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$103,664

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,905,943

Up $182,079 (+11%) from 2018

Net Assets

Up

-$190,941

Up $217,915 (+53%) from 2018

Liabilities

Down

$2,096,884

Down $35,836 (-1.7%) from 2018

Revenue

Up

$1,965,025

Up $225,623 (+13%) from 2018

Expenses

Down

$1,747,110

Down $342,700 (-16%) from 2018

Net Income

Up

$217,915

Up $568,323 (+162%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2015: $36,600Liabilities 2015: $36,600Net Assets 2015: $02015Assets 2016: $277,301Liabilities 2016: $234,101Net Assets 2016: $43,2002016Assets 2017: $1,731,222Liabilities 2017: $1,789,670Net Assets 2017: -$58,4482017Assets 2018: $1,723,864Liabilities 2018: $2,132,720Net Assets 2018: -$408,8562018Assets 2019: $1,905,943Liabilities 2019: $2,096,884Net Assets 2019: -$190,9412019Assets 2020: $1,975,664Liabilities 2020: $2,351,304Net Assets 2020: -$375,6402020Assets 2021: $1,728,339Liabilities 2021: $2,080,321Net Assets 2021: -$351,9822021Assets 2022: $18,470,767Liabilities 2022: $19,437,467Net Assets 2022: -$966,7002022Assets 2023: $18,255,318Liabilities 2023: $19,712,594Net Assets 2023: -$1,457,2762023Assets 2024: $17,916,976Liabilities 2024: $19,710,899Net Assets 2024: -$1,793,9232024

Highlighted filing

2019

Assets$1,905,943
Liabilities$2,096,884
Net Assets-$190,941

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $114,193Expenses 2015: $114,193Net Income 2015: $02015Revenue 2016: $1,113,342Expenses 2016: $1,070,142Net Income 2016: $43,2002016Revenue 2017: $1,654,875Expenses 2017: $1,756,523Net Income 2017: -$101,6482017Revenue 2018: $1,739,402Expenses 2018: $2,089,810Net Income 2018: -$350,4082018Revenue 2019: $1,965,025Expenses 2019: $1,747,110Net Income 2019: $217,9152019Revenue 2020: $2,095,235Expenses 2020: $2,279,934Net Income 2020: -$184,6992020Revenue 2021: $2,401,602Expenses 2021: $2,377,944Net Income 2021: $23,6582021Revenue 2022: $2,441,889Expenses 2022: $3,056,607Net Income 2022: -$614,7182022Revenue 2023: $3,078,747Expenses 2023: $3,569,323Net Income 2023: -$490,5762023Revenue 2024: $3,967,447Expenses 2024: $4,304,094Net Income 2024: -$336,6472024

Highlighted filing

2019

Revenue$1,965,025
Expenses$1,747,110
Net Income$217,915
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.0
Gross Receipts
$1,965,643
Mission and Program Overview

Mission

By tapping the intrinsic motivation and curiosity of every child, we deliver higher than usual growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$202,783$260,836▲ $58,053
Land, Buildings, and Equipment, Net$143,396$126,275▼ $17,121
Pd in Cap Srpls Land Bldg Eqp Fund$143,396$126,275▼ $17,121
Savings and Temporary Cash Investments$120,971$125,030▲ $4,059
Prepaid Expenses and Deferred Charges$0$6,904▲ $6,904
Accounts Receivable-$1,943-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-552,252$-317,216▲ $235,036
Total Assets$1,723,864$1,905,943▲ $182,079
Other Assets Total$1,256,714$1,384,955▲ $128,241
Liabilities
Other Liabilities$1,821,325$1,798,532▼ $22,793
Accounts Payable and Accrued Expenses$311,395$251,352▼ $60,043
Deferred Revenue-$47,000-
Total Liabilities$2,132,720$2,096,884▼ $35,836
Net Assets / Fund Balance
Total Net Assets Fund Balance$-408,856$-190,941▲ $217,915
Total Liabilities and Net Assets / Fund Balance$1,723,864$1,905,943▲ $182,079

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$126,275$42,743$169,018
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Assets Org$1,384,955--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Molly DandeletDirector, Ex OfficioFT$103,664$103,664
Amber EspinosaSecretaryFT$84,390$84,390
Joel GieseTreasurerFT$64,009$64,009

Board Members and Trustees

NameTitle
Dennis HastingsBoard Chair
Carol McFarlaneCommunity Member
Ashley HayesParent Representative

Highest Paid Contractors

ContractorServicesLocationCompensation
Edvisions CooperativeEducators and Management501 Main Street, Henderson, MN 56044$1,153,169
Revenue and Support

Revenue Composition

Contributions and Grants
$1,922,025
Program Service Revenue
$32,090
Investment Income
$20
Other Revenue
$10,890
All Other Contributions
$44,604
Change in Net Assets
$217,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,965,025
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,965,025
Total Revenue per Form 990
$1,965,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,431,851
Other Expenses$315,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$737,267$62,619$0$799,886
Current Officers, Directors, Trustees, and Key Employees$153,270$105,547$0$258,817
Other Employee Benefits$177,090$33,441$0$210,531
Occupancy$202,263$0$0$202,263
Fees for Services Management$45,187$43,921$0$89,108
Pension Plan Contributions$68,660$12,966$0$81,626
Payroll Taxes$68,126$12,865$0$80,991
Office Expenses$34,505$3,317$0$37,822
Information Technology$10,676$6,493$0$17,169
Depreciation Depletion$17,121$0$0$17,121
Fees for Services Other$4,190$6,267$0$10,457
Insurance$7,606$0$0$7,606
Conferences and Meetings$6,549$0$0$6,549
Other Expenses$-151,034$0$0$-151,034
Total Functional Expenses$1,459,612$287,498$0$1,747,110

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,747,110
Total Expenses per Audited Statements$1,747,110
Total Expenses per Form 990$1,747,110
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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 - Pension$1,156,853
Net Pension Liability$641,679
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Management reviews Form 990 with a contract accountant. This process was conducted prior to filing Form 990 with the IRS.

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

The board and school continuously monitors any conflicts of interests in accordance with their policies.

Form 990, Part VI, Section B, Line 15

The Board determines the Executive Director's compensation as part of the budget process. Generally a flat percent amount for all staff. The compensation determination is documented in the board minutes. The process was last conducted in 2019 for the Partnership Director, Molly Dandelet. The Partnership Director makes recommendations to the Board for other staff based upon annual performance reviews and comparative salary information from other Minnesota charter schools. The Board determines staff compensation as part of the budget process. This process was last conducted in 2019 for all other employees.

Form 990, Part VI, Section C, Line 19

Documents are public and documents available upon request.

Filing and Contact Details

Filer

Filer Name
Level Up Academy
EIN
46-4156040
Phone
6514085559
Address
East 2600 County Road E, White Bear Lake, MN 55110

Signing Officer

Name
Molly Dandelet
Title
Director
Phone
6514085559
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Molly Dandelet
Formed
2013
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
Robert Reese Procaccini CPA
Address
2151 Hamline Avenue North Suite 212, Roseville, MN 55113
Preparer
Robert Procaccini
Phone
6516366358
Supplemental Narrative

Financial Statement Notes

Schedule D, Part I, Line 2

Income taxes the charter school is exempt from under section 501c(3) of IRS code. The charter is not a private foundation and contributions qualify as tax deductions by the contributor. The charter has been evaluated for uncertain tax positions and the management has determined that there are no uncertain tax positions as of June 30, 2019. The charters tax returns are subject to examination by the taxing authorities. Federal tax returns remain open for a possible examination period of three years after the date of the filed returns. During the period ending June 30, 2019, the school has not incurred any interest or penalties on its tax returns.

Schedule D, Part X, Line 2

A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard.

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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/Desc0All children have limitless joyful curiosity and capacity for reaching their potential. Our curriculum will reflect the significant needs of the students from the entire spectrum of learning requirements. Our students will continually "level up." We strive for technology to be an intentional part of the methods and our curriculum will be aimed at high achievement and best practice aligned to the Minnesota State Standards. The school served 96 students during the fiscal year.
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IRS990/LandBldgEquipCostOrOtherBssAmt0169018
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0By tapping the intrinsic motivation and curiosity of every child, we deliver higher than usual growth.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-408856
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IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt010890
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt010890
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0202263
IRS990/OccupancyGrp/TotalAmt0202263
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03317
IRS990/OfficeExpensesGrp/ProgramServicesAmt034505
IRS990/OfficeExpensesGrp/TotalAmt037822
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01256714
IRS990/OtherAssetsTotalGrp/EOYAmt01384955
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033441
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0177090
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0210531
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food Service
IRS990/OtherExpensesGrp/Desc2Instructional Materials
IRS990/OtherExpensesGrp/Desc3Pension Expense - Actuary
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt28794
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReconcilationRevenueExpnssAmt0217915
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IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt032090
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120971
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0125030
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt042743
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01747110
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
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