Civic Intelligence

Universal Academy Charter School Inc.

990 • Fiscal year 2022 • EIN 46-4392267

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization Profileuacsmn.org
2912 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

84th percentile

0.68x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

1.36x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

36th percentile

1.3%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

43rd percentile

$157,250

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

94th percentile

73%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$15,792,464

Up $6,642,283 (+73%) from 2021

Net Assets

Up

$4,979,473

Up $102,049 (+2.1%) from 2021

Liabilities

Up

$10,812,991

Up $6,540,234 (+153%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin36th percentile

Revenue

Up

$7,929,460

Up $785,821 (+11%) from 2021

Expenses

Up

$7,827,411

Up $1,550,147 (+25%) from 2021

Net Income

Down

$102,049

Down $764,326 (-88%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2022

Assets$15,792,464
Liabilities$10,812,991
Net Assets$4,979,473
Open 2022 Filing

Operations Trend

Revenue Growth61st 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

2022

Revenue$7,929,460
Expenses$7,827,411
Net Income$102,049
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$7,929,460
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
Land, Buildings, and Equipment, Net$501,765$6,318,482▲ $5,816,717
Cash and Non-Interest-Bearing Accounts$5,120,526$5,465,044▲ $344,518
Cap Stk Tr Prin Current Funds$4,375,659$4,705,526▲ $329,867
Prepaid Expenses and Deferred Charges$600,742$750,416▲ $149,674
Pd in Cap Srpls Land Bldg Eqp Fund$501,765$269,485▼ $232,280
Rtn Earn Endowment Incm Other Fnds$0$4,462▲ $4,462
Accounts Receivable-$2,995-
Total Assets$9,150,181$15,792,464▲ $6,642,283
Other Assets Total$2,927,148$3,255,527▲ $328,379
Liabilities
Mortgage Notes Payable Secured by Investment Property-$6,048,997-
Other Liabilities$3,647,335$4,134,692▲ $487,357
Accounts Payable and Accrued Expenses$625,422$610,972▼ $14,450
Deferred Revenue-$18,330-
Unsecured Notes Loans Payable-$0-
Total Liabilities$4,272,757$10,812,991▲ $6,540,234
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,877,424$4,979,473▲ $102,049
Total Liabilities and Net Assets / Fund Balance$9,150,181$15,792,464▲ $6,642,283

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,716,841$714,605$6,431,446
Equipment$429,649$262,099$691,748
Leasehold Improvements$171,992$33,422$205,414
Other Assets Org$1,227,621--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Farhiya EinteExecutive DirectorFT$157,250$157,250
Lucy CrosbyMemberFT$68,932$68,932
Marianne MlambeMemberFT$62,836$62,836
Randa RoushdyMemberFT$61,402$61,402

Board Members and Trustees

NameTitle
Amiin HarunBoard Chair
Abdulkadir OsmanVice Chair
Anisa HashiMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Golden FingerFood Service1914 Chicago Ave, Minneapolis, MN 55404$307,777
Minnehaha Transportation IncTransportation2507 Walnut Street, Roseville, MN 55113$289,769
Designs for LearningFinancial Services2233 University Ave W 450, St Paul, MN 55114$183,430
Starline Cleaning Services IncCleaning Services10500 Courthouse Blvd, Inver Grove, MN 55077$113,698
Revenue and Support

Revenue Composition

Contributions and Grants
$733,584
Program Service Revenue
$7,193,265
Investment Income
$2,611
Other Revenue
$0
All Other Contributions
$132,651
Change in Net Assets
$102,049

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,929,460
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,929,460
Total Revenue per Form 990
$7,929,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,127,164
Other Expenses$3,700,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,809,081$300,906-$3,109,987
Office Expenses$331,851$34,469-$366,320
Other Expenses$364,456$202-$364,658
Interest$345,854--$345,854
Current Officers, Directors, Trustees, and Key Employees$164,143$148,500-$312,643
Fees for Services Other$280,001$21,285-$301,286
Occupancy$289,784--$289,784
Pension Plan Contributions$249,365$39,699-$289,064
Payroll Taxes$224,910$31,544-$256,454
Information Technology$164,427$45,698-$210,125
Insurance$164,880--$164,880
Other Employee Benefits$131,218$27,798-$159,016
Fees for Services Accounting-$96,453-$96,453
Payments to Affiliates$646$27,032-$27,678
Conferences and Meetings$18,508--$18,508
Fees for Services Legal-$3,815-$3,815
Total Functional Expenses$7,038,628$788,783$0$7,827,411

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,827,411
Total Expenses per Audited Statements$7,827,411
Total Expenses per Form 990$7,827,411
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$2,263,063
Net Pension Liability$1,777,627
Compensated absences payable$94,002
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
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

“The 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
2912 28th Ave S, Minneapolis, MN 55406

Signing Officer

Name
Farhiya Einte
Title
Director
Phone
6514423124
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Farhiya Einte
Formed
2013
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
3
Employees
105
Volunteers
10

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Victoria L Holinka
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 2022 was Novation Education Opportunities.”

Related Organization Compensation

“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 (IRC) 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. 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 it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.”

Raw XML AppendixShowing 400 of 490 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/BOYAmt0625422
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0610972
IRS990/AccountsReceivableGrp/EOYAmt02995
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/AllOtherContributionsAmt0132651
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Ann Yang
IRS990/BooksInCareOfDetail/PhoneNum06512558858
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02233 University Ave W Ste 450
IRS990/BooksInCareOfDetail/USAddress/CityNm0St Paul
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055114
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt04375659
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt04705526
IRS990/CashNonInterestBearingGrp/BOYAmt05120526
IRS990/CashNonInterestBearingGrp/EOYAmt05465044
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0148500
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0164143
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0312643
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt018508
IRS990/ConferencesMeetingsGrp/TotalAmt018508
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0307777
IRS990/ContractorCompensationGrp/CompensationAmt1289769
IRS990/ContractorCompensationGrp/CompensationAmt2183430
IRS990/ContractorCompensationGrp/CompensationAmt3113698
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01914 Chicago Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt12507 Walnut Street
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt22233 University Ave W 450
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt310500 Courthouse Blvd
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Minneapolis
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Roseville
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2St Paul
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Inver Grove
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055404
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd155113
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd255114
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd355077
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Golden Finger
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Minnehaha Transportation Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2Designs for Learning
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Starline Cleaning Services Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Food Service
IRS990/ContractorCompensationGrp/ServicesDesc1Transportation
IRS990/ContractorCompensationGrp/ServicesDesc2Financial Services
IRS990/ContractorCompensationGrp/ServicesDesc3Cleaning Services
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0733584
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02611
IRS990/CYOtherExpensesAmt03700247
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt07193265
IRS990/CYRevenuesLessExpensesAmt0102049
IRS990/CYSalariesCompEmpBnftPaidAmt04127164
IRS990/CYTotalExpensesAmt07827411
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07929460
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt018330
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0A learning community educating the WHOLE child, serving students in grades PreK-8. During the fiscal year ended June 30, 2022, the Academy served an estimated 400 students.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0105
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt07038628
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt096453
IRS990/FeesForServicesAccountingGrp/TotalAmt096453
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03815
IRS990/FeesForServicesLegalGrp/TotalAmt03815
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt021285
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0280001
IRS990/FeesForServicesOtherGrp/TotalAmt0301286
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Farhiya Einte
IRS990/Form990PartVIISectionAGrp/PersonNm1Lucy Crosby
IRS990/Form990PartVIISectionAGrp/PersonNm2Marianne Mlambe
IRS990/Form990PartVIISectionAGrp/PersonNm3Randa Roushdy
IRS990/Form990PartVIISectionAGrp/PersonNm4Anisa Hashi
IRS990/Form990PartVIISectionAGrp/PersonNm5Abdulkadir Osman
IRS990/Form990PartVIISectionAGrp/PersonNm6Amiin Harun
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0157250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt168932
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt262836
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt361402
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Chair
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0600933
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07929460
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt045698
IRS990/InformationTechnologyGrp/ProgramServicesAmt0164427
IRS990/InformationTechnologyGrp/TotalAmt0210125
IRS990/InsuranceGrp/ProgramServicesAmt0164880
IRS990/InsuranceGrp/TotalAmt0164880
IRS990/InterestGrp/ProgramServicesAmt0345854
IRS990/InterestGrp/TotalAmt0345854
IRS990/InvestmentIncomeGrp/ExclusionAmt02611
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02611
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01010126
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0501765
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06318482
IRS990/LandBldgEquipCostOrOtherBssAmt07328608
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/MortgNotesPyblScrdInvstPropGrp/EOYAmt06048997
IRS990/NetAssetsOrFundBalancesBOYAmt04877424
IRS990/NetAssetsOrFundBalancesEOYAmt04979473
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0289784
IRS990/OccupancyGrp/TotalAmt0289784
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034469
IRS990/OfficeExpensesGrp/ProgramServicesAmt0331851
IRS990/OfficeExpensesGrp/TotalAmt0366320
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02927148
IRS990/OtherAssetsTotalGrp/EOYAmt03255527
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027798
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0131218
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0159016
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Transportation
IRS990/OtherExpensesGrp/Desc2Food
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011382
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1202
IRS990/OtherExpensesGrp/ProgramServicesAmt0796782
IRS990/OtherExpensesGrp/ProgramServicesAmt1702722
IRS990/OtherExpensesGrp/ProgramServicesAmt2364456
IRS990/OtherExpensesGrp/TotalAmt0808164
IRS990/OtherExpensesGrp/TotalAmt1702722
IRS990/OtherExpensesGrp/TotalAmt2364658
IRS990/OtherLiabilitiesGrp/BOYAmt03647335
IRS990/OtherLiabilitiesGrp/EOYAmt04134692
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0300906
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02809081
IRS990/OtherSalariesAndWagesGrp/TotalAmt03109987
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt027032
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0646
IRS990/PaymentsToAffiliatesGrp/TotalAmt027678
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031544
IRS990/PayrollTaxesGrp/ProgramServicesAmt0224910
IRS990/PayrollTaxesGrp/TotalAmt0256454
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0501765
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0269485
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt039699
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0249365
IRS990/PensionPlanContributionsGrp/TotalAmt0289064
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0600742
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0750416
IRS990/PrincipalOfficerNm0Farhiya Einte
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1State Grants & Aid
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07181518
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07181518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111747
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0730872
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0970
IRS990/PYOtherExpensesAmt03022972
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06411797
IRS990/PYRevenuesLessExpensesAmt0866375
IRS990/PYSalariesCompEmpBnftPaidAmt03254292
IRS990/PYTotalExpensesAmt06277264
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07143639
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0102049
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07193265
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04462
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05716841
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0714605
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06431446
IRS990ScheduleD/EquipmentGrp/BookValueAmt0429649
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0262099
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0691748
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07827411
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0171992
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033422
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0205414
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02027906
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11227621
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from Other Funds
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01777627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12263063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt294002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension plan deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Compensated absences payable
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07929460
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Code (IRC) 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. 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 it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06318482
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03255527
IRS990ScheduleD/TotalExpensesPerForm990Amt07827411
IRS990ScheduleD/TotalLiabilityAmt04134692
IRS990ScheduleD/TotalRevenuePerForm990Amt07929460
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07929460
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07827411
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 receives state and federal aid payments to finance the operational activities of the Academy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0157250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Farhiya Einte
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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/ExplanationTxt2The 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.
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 2022 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/ExplanationTxt7Made 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 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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,792,464
Liabilities
$10,812,991
Net assets
$4,979,473
Revenue
$7,929,460
Expenses
$7,827,411
Net income
$102,049
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