Civic Intelligence

Universal Academy Charter School Inc.

990 • Fiscal year 2015 • EIN 46-4392267

Jul 01, 2014 to Jun 30, 2015 • Filed on May 09, 2016

1745 University Avenue WestSt Paul, MN 55104

(651) 442-3124

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$32,849

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$887,329

No earlier filing loaded for comparison.

Net Assets

$795,693

No earlier filing loaded for comparison.

Liabilities

$91,636

No earlier filing loaded for comparison.

Revenue

$2,675,421

No earlier filing loaded for comparison.

Expenses

$1,879,728

No earlier filing loaded for comparison.

Net Income

$795,693

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2015: $887,329Liabilities 2015: $91,636Net Assets 2015: $795,6932015Assets 2016: $2,280,293Liabilities 2016: $929,920Net Assets 2016: $1,350,3732016Assets 2017: $5,383,413Liabilities 2017: $3,421,454Net Assets 2017: $1,961,9592017Assets 2018: $6,349,477Liabilities 2018: $3,895,719Net Assets 2018: $2,453,7582018Assets 2019: $7,375,382Liabilities 2019: $3,918,422Net Assets 2019: $3,456,9602019Assets 2020: $7,754,700Liabilities 2020: $3,743,651Net Assets 2020: $4,011,0492020Assets 2021: $9,150,181Liabilities 2021: $4,272,757Net Assets 2021: $4,877,4242021Assets 2022: $15,792,464Liabilities 2022: $10,812,991Net Assets 2022: $4,979,4732022Assets 2023: $15,661,918Liabilities 2023: $10,667,065Net Assets 2023: $4,994,8532023Assets 2024: $18,348,361Liabilities 2024: $13,655,810Net Assets 2024: $4,692,5512024

Highlighted filing

2015

Assets$887,329
Liabilities$91,636
Net Assets$795,693

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $2,675,421Expenses 2015: $1,879,728Net Income 2015: $795,6932015Revenue 2016: $3,193,924Expenses 2016: $2,639,244Net Income 2016: $554,6802016Revenue 2017: $4,255,901Expenses 2017: $3,644,315Net Income 2017: $611,5862017Revenue 2018: $4,917,550Expenses 2018: $4,425,751Net Income 2018: $491,7992018Revenue 2019: $5,531,671Expenses 2019: $4,528,469Net Income 2019: $1,003,2022019Revenue 2020: $5,967,430Expenses 2020: $5,413,341Net Income 2020: $554,0892020Revenue 2021: $7,143,639Expenses 2021: $6,277,264Net Income 2021: $866,3752021Revenue 2022: $7,929,460Expenses 2022: $7,827,411Net Income 2022: $102,0492022Revenue 2023: $8,189,747Expenses 2023: $8,174,367Net Income 2023: $15,3802023Revenue 2024: $8,975,967Expenses 2024: $9,278,269Net Income 2024: -$302,3022024

Highlighted filing

2015

Revenue$2,675,421
Expenses$1,879,728
Net Income$795,693
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$2,675,421
Mission and Program Overview

Mission

Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$0$737,445▲ $737,445
Accounts Receivable-$488,043-
Cash and Non-Interest-Bearing Accounts-$262,293-
Land, Buildings, and Equipment, Net$0$58,248▲ $58,248
Pd in Cap Srpls Land Bldg Eqp Fund$0$58,248▲ $58,248
Prepaid Expenses and Deferred Charges-$25,292-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$0$887,329▲ $887,329
Other Assets Total$0$53,453▲ $53,453
Liabilities
Accounts Payable and Accrued Expenses-$91,636-
Total Liabilities$0$91,636▲ $91,636
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$795,693▲ $795,693
Total Liabilities and Net Assets / Fund Balance$0$887,329▲ $887,329

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$58,248$7,823$66,071
Other Assets Org$53,453--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Farhiya EinteDirectorFT$32,849-$32,849
Aimee PhungDirectorFT-$11,350$11,350

Board Members and Trustees

NameTitle
Amiin HarunChairperson
Abdulkadir OsmanVice-chair
Cabdulqaadir FaaraxDirector
Hamdi AhmedDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,675,421
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$795,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,675,421
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,675,421
Total Revenue per Form 990
$2,675,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,068,247
Salaries, Compensation, and Employee Benefits$811,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$561,590$52,054-$613,644
Occupancy$307,660$6,000-$313,660
Office Expenses$128,874$15,454-$144,328
Information Technology$105,555$10,027-$115,582
Current Officers, Directors, Trustees, and Key Employees$32,036$73,333-$105,369
Payroll Taxes$44,013$9,581-$53,594
Fees for Services Management$26,460$26,801-$53,261
Fees for Services Accounting-$40,590-$40,590
Other Employee Benefits$15,208$23,666-$38,874
Fees for Services Other$21,628$6,600-$28,228
Payments to Affiliates$692$11,246-$11,938
Depreciation Depletion$7,823--$7,823
Insurance$4,381--$4,381
Conferences and Meetings$3,227--$3,227
Fees for Services Legal-$1,750-$1,750
Travel$1,250$216-$1,466
Other Expenses$120,236$653-$653
Total Functional Expenses$1,601,757$277,971$0$1,879,728

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,879,728
Total Expenses per Audited Statements$1,879,728
Total Expenses per Form 990$1,879,728
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
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
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 11

Once the 990 is completed by an independent CPA, a copy will be provided to the Director of the Academy and the Board via email for review before filing.

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

Annually, Directors are required to sign a Conflict of Interest statement

Form 990, Part VI, Section B, line 15A

Executive Director will be evaluated each year by the Board. Staff/parent surveys are taken each year at year-end. Compensation for all employees including the Director are recommended to the Board via the Budget which is then approved by the Board. The Board then approves all employement agreements/contracts.

Form 990, Part VI, Section C, line 19

The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VI, Section A Line 1B

Several members of the Board are teachers at the school. Minnesota State Statute 124D.10 subd.4(g) requires the Board to have at least one member that is an employed/contracted teacher.

Filing and Contact Details

Filer

Filer Name
Universal Academy
EIN
46-4392267
Phone
6514423124
Address
1745 University Avenue West, St Paul, MN 55104

Signing Officer

Name
Lisa Hasledalen
Title
Director
Phone
6514423124
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Farhiya Einte
Formed
2013
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
23
Volunteers
0

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed.

Authorizer

The Academy is required to have an Authorizer to monitor its opeartions in order to maintain its charter. The Academy's approved authorizer during the fiscal year 2015 was Novation Education Opportunities.

Related Organization Compensation

Explanation: Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted.

Financial Statement Notes

Part X, Line 2:

The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2015.

Raw XML Appendix381 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt091636
IRS990/AccountsReceivableGrp/EOYAmt0488043
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Lisa Hasladalen
IRS990/BooksInCareOfDetail/PhoneNum06512558826
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02233 University Ave W Ste 450
IRS990/BooksInCareOfDetail/USAddress/CityNm0St Paul
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055114
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0737445
IRS990/CashNonInterestBearingGrp/EOYAmt0262293
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt073333
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt032036
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0105369
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03227
IRS990/ConferencesMeetingsGrp/TotalAmt03227
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01068247
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02675421
IRS990/CYRevenuesLessExpensesAmt0795693
IRS990/CYSalariesCompEmpBnftPaidAmt0811481
IRS990/CYTotalExpensesAmt01879728
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02675421
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt07823
IRS990/DepreciationDepletionGrp/TotalAmt07823
IRS990/Desc0A learning community educating the WHOLE child, serving students in grades K-8. During the fiscal year ended June 30, 2015, the Academy served an estimated 178 students.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt023
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01601757
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt040590
IRS990/FeesForServicesAccountingGrp/TotalAmt040590
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01750
IRS990/FeesForServicesLegalGrp/TotalAmt01750
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt026801
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt026460
IRS990/FeesForServicesManagementGrp/TotalAmt053261
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06600
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt021628
IRS990/FeesForServicesOtherGrp/TotalAmt028228
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Amiin Harun
IRS990/Form990PartVIISectionAGrp/PersonNm1Abdulkadir Osman
IRS990/Form990PartVIISectionAGrp/PersonNm2Cabdulqaadir Faarax
IRS990/Form990PartVIISectionAGrp/PersonNm3Aimee Phung
IRS990/Form990PartVIISectionAGrp/PersonNm4Hamdi Ahmed
IRS990/Form990PartVIISectionAGrp/PersonNm5Farhiya Einte
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt532849
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt311350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02675421
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010027
IRS990/InformationTechnologyGrp/ProgramServicesAmt0105555
IRS990/InformationTechnologyGrp/TotalAmt0115582
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt04381
IRS990/InsuranceGrp/TotalAmt04381
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07823
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt058248
IRS990/LandBldgEquipCostOrOtherBssAmt066071
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0795693
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06000
IRS990/OccupancyGrp/ProgramServicesAmt0307660
IRS990/OccupancyGrp/TotalAmt0313660
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015454
IRS990/OfficeExpensesGrp/ProgramServicesAmt0128874
IRS990/OfficeExpensesGrp/TotalAmt0144328
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt053453
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023666
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015208
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038874
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Food
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0653
IRS990/OtherExpensesGrp/ProgramServicesAmt0221124
IRS990/OtherExpensesGrp/ProgramServicesAmt1120236
IRS990/OtherExpensesGrp/TotalAmt0221124
IRS990/OtherExpensesGrp/TotalAmt1120236
IRS990/OtherExpensesGrp/TotalAmt2653
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052054
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0561590
IRS990/OtherSalariesAndWagesGrp/TotalAmt0613644
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt011246
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0692
IRS990/PaymentsToAffiliatesGrp/TotalAmt011938
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09581
IRS990/PayrollTaxesGrp/ProgramServicesAmt044013
IRS990/PayrollTaxesGrp/TotalAmt053594
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt058248
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025292
IRS990/PrincipalOfficerNm0Farhiya Einte
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02674671
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02674671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0795693
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02675421
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt058248
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066071
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01879728
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053453
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02675421
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058248
IRS990ScheduleD/TotalBookValueOtherAssetsAmt053453
IRS990ScheduleD/TotalExpensesPerForm990Amt01879728
IRS990ScheduleD/TotalRevenuePerForm990Amt02675421
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02675421
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01879728
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 Academy received Aid through the Federal Government and the State of MN to povide funding for the operational activities of the Academy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Once the 990 is completed by an independent CPA, a copy will be provided to the Director of the Academy and the Board via email for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually, Directors are required to sign a Conflict of Interest statement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive Director will be evaluated each year by the Board. Staff/parent surveys are taken each year at year-end. Compensation for all employees including the Director are recommended to the Board via the Budget which is then approved by the Board. The Board then approves all employement agreements/contracts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Academy is required to have an Authorizer to monitor its opeartions in order to maintain its charter. The Academy's approved authorizer during the fiscal year 2015 was Novation Education Opportunities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Several members of the Board are teachers at the school. Minnesota State Statute 124D.10 subd.4(g) requires the Board to have at least one member that is an employed/contracted teacher.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Explanation: Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5AUTHORIZER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section A Line 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7RELATED ORGANIZATION COMPENSATION
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0887329
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0887329
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0277971
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01601757
IRS990/TotalFunctionalExpensesGrp/TotalAmt01879728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt091636
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt091636
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0795693
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01601757
IRS990/TotalProgramServiceRevenueAmt02675421
IRS990/TotalReportableCompFromOrgAmt032849
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02675421
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02675421
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0887329
IRS990/TotReportableCompRltdOrgAmt011350
IRS990/TravelGrp/ManagementAndGeneralAmt0216
IRS990/TravelGrp/ProgramServicesAmt01250
IRS990/TravelGrp/TotalAmt01466
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01745 University Avenue West
IRS990/USAddress/CityNm0St Paul
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0uacsmn.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa Hasledalen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06514423124
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Universal Academy
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0464392267
ReturnHeader/Filer/PhoneNum06514423124
ReturnHeader/Filer/USAddress/AddressLine1Txt01745 University Avenue West
ReturnHeader/Filer/USAddress/CityNm0St Paul
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411690382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Malloy Montague Karnowski Radosevich
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05353 Wayzata Blvd Ste 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055416
ReturnHeader/PreparerPersonGrp/PhoneNum09525450424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas A Karnowski
ReturnHeader/ReturnTs02016-05-13T16:20:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings