Civic Intelligence

Universal Academy Charter School Inc.

990 • Fiscal year 2019 • EIN 46-4392267

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

Organization Profileuacsmn.org
2919 28th Ave SMinneapolis, MN 55406

(651) 442-3124

Siviq Scores

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

Liabilities / Assets

78th percentile

0.53x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.71x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$117,132

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$7,375,382

Up $1,025,905 (+16%) from 2018

Net Assets

Up

$3,456,960

Up $1,003,202 (+41%) from 2018

Liabilities

Up

$3,918,422

Up $22,703 (+0.6%) from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin76th percentile

Revenue

Up

$5,531,671

Up $614,121 (+12%) from 2018

Expenses

Up

$4,528,469

Up $102,718 (+2.3%) from 2018

Net Income

Up

$1,003,202

Up $511,403 (+104%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

2019

Assets$7,375,382
Liabilities$3,918,422
Net Assets$3,456,960
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

2019

Revenue$5,531,671
Expenses$4,528,469
Net Income$1,003,202
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.1
Gross Receipts
$5,531,671
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$2,330,867$3,061,894▲ $731,027
Cash and Non-Interest-Bearing Accounts$2,240,574$3,002,455▲ $761,881
Prepaid Expenses and Deferred Charges$648,356$584,226▼ $64,130
Land, Buildings, and Equipment, Net$86,621$331,584▲ $244,963
Pd in Cap Srpls Land Bldg Eqp Fund$86,621$331,584▲ $244,963
Rtn Earn Endowment Incm Other Fnds$36,270$63,482▲ $27,212
Accounts Receivable$5,641$3,869▼ $1,772
Total Assets$6,349,477$7,375,382▲ $1,025,905
Other Assets Total$3,368,285$3,453,248▲ $84,963
Liabilities
Other Liabilities$3,702,083$3,635,250▼ $66,833
Accounts Payable and Accrued Expenses$193,636$283,172▲ $89,536
Total Liabilities$3,895,719$3,918,422▲ $22,703
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,453,758$3,456,960▲ $1,003,202
Total Liabilities and Net Assets / Fund Balance$6,349,477$7,375,382▲ $1,025,905

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$272,629$101,259$373,888
Leasehold Improvements$58,955$2,879$61,834
Other Assets Org$1,075,664--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Farhiya EinteDirectorFT$117,132$117,132
Marianne MlambeDirectorFT$42,491$42,491
Lucy CrosbyDirectorFT$39,216$39,216

Board Members and Trustees

NameTitle
Abdulkadir OsmanAsst. Chairperson
Amiin HarunChairperson
Anisa HashiDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Minnehaha Transportation IncTransportation2507 Walnut Street, Roseville, MN 55113$351,486
Done Right Food IncFood Service4305 Central Ave NE, Columbia Heights, MN 55421$186,999
Designs for LearningFinancial Services2233 University Ave W 450, St Paul, MN 55114$154,739
Revenue and Support

Revenue Composition

Contributions and Grants
$519,811
Program Service Revenue
$5,011,860
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,349
Change in Net Assets
$1,003,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,531,671
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,531,671
Total Revenue per Form 990
$5,531,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,443,933
Other Expenses$2,084,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,428,411$353,189-$1,781,600
Occupancy$1,008,016--$1,008,016
Fees for Services Other$277,235$101,508-$378,743
Office Expenses$343,089$27,391-$370,480
Current Officers, Directors, Trustees, and Key Employees$212,229--$212,229
Pension Plan Contributions$144,842$28,276-$173,118
Payroll Taxes$126,307$24,978-$151,285
Information Technology$83,653$45,175-$128,828
Other Employee Benefits$101,385$24,316-$125,701
Depreciation Depletion$46,255$2,199-$48,454
Payments to Affiliates$386$25,742-$26,128
Insurance$12,395--$12,395
Conferences and Meetings$4,794--$4,794
Other Expenses$600$59-$59
All Other Expenses$-469,918$-35,256-$-505,174
Total Functional Expenses$3,930,892$597,577$0$4,528,469

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,528,469
Total Expenses per Audited Statements$4,528,469
Total Expenses per Form 990$4,528,469
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Plan Deferments - PERA & TR$1,980,912
Net Pension Liability$1,654,338
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11B

“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
2919 28th Ave S, Minneapolis, MN 55406

Signing Officer

Name
Farhiya Einte
Title
Director
Phone
6514423124
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Farhiya Einte
Formed
2013
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
104
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 2019 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.”

Form 990, PART IX, LINE 24E

“During the fiscal year ending June 30, 2019, changes in actuarial assumptions resulted in a significant reduction to the school's estimated pension liability, which created a "negative expense" of $456,720 for the current year.”

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, 2019.”

Raw XML AppendixShowing 400 of 439 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt1223267
IRS990/OtherExpensesGrp/ProgramServicesAmt2600
IRS990/OtherExpensesGrp/TotalAmt0387946
IRS990/OtherExpensesGrp/TotalAmt1223267
IRS990/OtherExpensesGrp/TotalAmt2600
IRS990/OtherExpensesGrp/TotalAmt359
IRS990/OtherLiabilitiesGrp/BOYAmt03702083
IRS990/OtherLiabilitiesGrp/EOYAmt03635250
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0353189
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01428411
IRS990/OtherSalariesAndWagesGrp/TotalAmt01781600
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt025742
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0386
IRS990/PaymentsToAffiliatesGrp/TotalAmt026128
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024978
IRS990/PayrollTaxesGrp/ProgramServicesAmt0126307
IRS990/PayrollTaxesGrp/TotalAmt0151285
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt086621
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0331584
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt028276
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0144842
IRS990/PensionPlanContributionsGrp/TotalAmt0173118
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0648356
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0584226
IRS990/PrincipalOfficerNm0Farhiya Einte
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0617710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05011860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05011860
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0466611
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02394653
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04450939
IRS990/PYRevenuesLessExpensesAmt0491799
IRS990/PYSalariesCompEmpBnftPaidAmt02031098
IRS990/PYTotalExpensesAmt04425751
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04917550
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01003202
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05011860
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt036270
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt063482
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0272629
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0101259
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0373888
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04528469
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt058955
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02879
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt061834
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02377584
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11075664
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from Other Funds
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01654338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11980912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Plan Deferments - PERA & TR
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05531671
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, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0331584
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03453248
IRS990ScheduleD/TotalExpensesPerForm990Amt04528469
IRS990ScheduleD/TotalLiabilityAmt03635250
IRS990ScheduleD/TotalRevenuePerForm990Amt05531671
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05531671
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04528469
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 2019 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/ExplanationTxt8During the fiscal year ending June 30, 2019, changes in actuarial assumptions resulted in a significant reduction to the school's estimated pension liability, which created a "negative expense" of $456,720 for the current year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, PART IX, LINE 24e
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06349477
IRS990/TotalAssetsEOYAmt07375382
IRS990/TotalAssetsGrp/BOYAmt06349477
IRS990/TotalAssetsGrp/EOYAmt07375382
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0519811
IRS990/TotalEmployeeCnt0104
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0597577
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03930892
IRS990/TotalFunctionalExpensesGrp/TotalAmt04528469
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03895719
IRS990/TotalLiabilitiesEOYAmt03918422
IRS990/TotalLiabilitiesGrp/BOYAmt03895719
IRS990/TotalLiabilitiesGrp/EOYAmt03918422
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02453758
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03456960
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03930892
IRS990/TotalProgramServiceRevenueAmt05011860
IRS990/TotalReportableCompFromOrgAmt0198839
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05011860
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05531671
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06349477
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07375382
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02919 28th Ave S
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,375,382
Liabilities
$3,918,422
Net assets
$3,456,960
Revenue
$5,531,671
Expenses
$4,528,469
Net income
$1,003,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.3$13.7$4.69$8.98$9.28$0.30
2023Detailed filing. Detailed filing data is available for this year.$15.7$10.7$4.99$8.19$8.17$0.02
2022Detailed filing. Detailed filing data is available for this year.$15.8$10.8$4.98$7.93$7.83$0.10
2021Detailed filing. Detailed filing data is available for this year.$9.15$4.27$4.88$7.14$6.28$0.87
2020Detailed filing. Detailed filing data is available for this year.$7.75$3.74$4.01$5.97$5.41$0.55
2019Detailed filing. Detailed filing data is available for this year.$7.38$3.92$3.46$5.53$4.53$1.00
2018Detailed filing. Detailed filing data is available for this year.$6.35$3.90$2.45$4.92$4.43$0.49
2017Detailed filing. Detailed filing data is available for this year.$5.38$3.42$1.96$4.26$3.64$0.61
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.93$1.35$3.19$2.64$0.55
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.09$0.80$2.68$1.88$0.80