Civic Intelligence

Minnesota Math and Science Academy

990 • Fiscal year 2018 • EIN 46-4684051

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 29, 2019

Organization Profilewww.mmsaweb.org
169 Jenks AvenueSt Paul, MN 55117

(651) 246-0845

Siviq Scores

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

Liabilities / Assets

97th percentile

1.41x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.30x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

12th percentile

-21%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

26th percentile

$64,288

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

23rd percentile

-4.2%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.5%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$6,441,122

Down $285,869 (-4.2%) from 2017

Net Assets

Down

-$2,645,766

Down $1,473,995 (-126%) from 2017

Liabilities

Up

$9,086,888

Up $1,188,126 (+15%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin12th percentile

Revenue

Up

$6,991,473

Up $549,273 (+8.5%) from 2017

Expenses

Up

$8,465,468

Up $967,186 (+13%) from 2017

Net Income

Down

-$1,473,995

Down $417,913 (-40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$10M$5.0M$0-$5.0MAssets 2015: $696,762Liabilities 2015: $812,239Net Assets 2015: -$115,4772015Assets 2016: $1,798,621Liabilities 2016: $1,914,310Net Assets 2016: -$115,6892016Assets 2017: $6,726,991Liabilities 2017: $7,898,762Net Assets 2017: -$1,171,7712017Assets 2018: $6,441,122Liabilities 2018: $9,086,888Net Assets 2018: -$2,645,7662018Assets 2019: $6,014,074Liabilities 2019: $7,984,920Net Assets 2019: -$1,970,8462019Assets 2020: $5,658,171Liabilities 2020: $8,172,327Net Assets 2020: -$2,514,1562020Assets 2021: $5,552,242Liabilities 2021: $6,642,203Net Assets 2021: -$1,089,9612021Assets 2022: $4,599,912Liabilities 2022: $6,829,557Net Assets 2022: -$2,229,6452022Assets 2023: $5,589,166Liabilities 2023: $6,640,961Net Assets 2023: -$1,051,7952023Assets 2024: $3,138,674Liabilities 2024: $5,515,250Net Assets 2024: -$2,376,5762024Assets 2025: $3,512,514Liabilities 2025: $5,696,480Net Assets 2025: -$2,183,9662025

Highlighted filing

2018

Assets$6,441,122
Liabilities$9,086,888
Net Assets-$2,645,766
Open 2018 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: $3,463,553Expenses 2015: $3,579,030Net Income 2015: -$115,4772015Revenue 2016: $5,192,659Expenses 2016: $5,192,871Net Income 2016: -$2122016Revenue 2017: $6,442,200Expenses 2017: $7,498,282Net Income 2017: -$1,056,0822017Revenue 2018: $6,991,473Expenses 2018: $8,465,468Net Income 2018: -$1,473,9952018Revenue 2019: $6,878,540Expenses 2019: $6,203,620Net Income 2019: $674,9202019Revenue 2020: $7,396,929Expenses 2020: $7,940,239Net Income 2020: -$543,3102020Revenue 2021: $8,970,460Expenses 2021: $7,546,265Net Income 2021: $1,424,1952021Revenue 2022: $7,823,981Expenses 2022: $8,670,474Net Income 2022: -$846,4932022Revenue 2023: $9,999,332Expenses 2023: $8,821,482Net Income 2023: $1,177,8502023Revenue 2024: $6,950,089Expenses 2024: $8,274,870Net Income 2024: -$1,324,7812024Revenue 2025: $9,855,236Expenses 2025: $9,662,626Net Income 2025: $192,6102025

Highlighted filing

2018

Revenue$6,991,473
Expenses$8,465,468
Net Income-$1,473,995
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 29, 2019
Return Version
2017v2.3
Gross Receipts
$6,991,473
Mission and Program Overview

Mission

The mission of the minnesota math and science academy (mmsa) is to prepare our students forcollege by creating an effective learning environment of higher standards and expectationswith a rigorous college preparatory curriculum that focuses on mathematics, science, andtechnology.

MMSA fosters an environment of inquiry and a love of learning so students are prepared to thrive in STEM-focused high school, college, and the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$421,979$403,103▼ $18,876
Pd in Cap Srpls Land Bldg Eqp Fund$421,979$403,103▼ $18,876
Accounts Receivable$619,105$390,932▼ $228,173
Cash and Non-Interest-Bearing Accounts$48,241$220,952▲ $172,711
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,593,750$-3,048,869▼ $1,455,119
Total Assets$6,726,991$6,441,122▼ $285,869
Other Assets Total$5,637,666$5,426,135▼ $211,531
Liabilities
Other Liabilities$7,015,810$8,337,168▲ $1,321,358
Accounts Payable and Accrued Expenses$626,452$493,220▼ $133,232
Mortgage Notes Payable Secured by Investment Property$256,500$256,500→ $0
Total Liabilities$7,898,762$9,086,888▲ $1,188,126
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,171,771$-2,645,766▼ $1,473,995
Total Liabilities and Net Assets / Fund Balance$6,726,991$6,441,122▼ $285,869

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$337,140$363,699$700,839
Leasehold Improvements$25,963$29,672$55,635
Other Land Buildings$40,000-$40,000
Other Assets Org$5,426,135--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Murat OguzDirectorFT$64,288$64,288

Board Members and Trustees

NameTitle
Dr Ozer AsdemirPresident
Dr Mustafa SirMember
Jessica CosgroveMember
Mustafa IgdeliogluMember
Nur Dirie NurMember
Revenue and Support

Revenue Composition

Contributions and Grants
$650,763
Program Service Revenue
$6,340,710
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,147
Change in Net Assets
$-1,473,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,991,473
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,991,473
Total Revenue per Form 990
$6,991,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,878,727
Salaries, Compensation, and Employee Benefits$3,569,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,458,454$299,505-$2,757,959
Occupancy$1,118,664$14,064-$1,132,728
Fees for Services Other$326,735$14,406-$341,141
Office Expenses$284,834$55,518-$340,352
Other Employee Benefits$245,662$55,715-$301,377
Pension Plan Contributions$187,250$34,032-$221,282
Payroll Taxes$178,697$27,878-$206,575
Other Expenses$494,187$148,524-$148,524
Fees for Services Management$111,294--$111,294
Current Officers, Directors, Trustees, and Key Employees-$82,250-$82,250
All Other Expenses$32,575$25,430-$58,005
Information Technology$46,925--$46,925
Payments to Affiliates$8,177$25,250-$33,427
Fees for Services Legal-$20,744-$20,744
Conferences and Meetings$5,089$14,811-$19,900
Benefits to Members$17,298--$17,298
Total Functional Expenses$7,647,341$818,127$0$8,465,468

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,465,468
Total Expenses per Audited Statements$8,465,468
Total Expenses per Form 990$8,465,468
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
Net Pension Liability$7,173,813
Pension Plan Deferments - PERA and$1,163,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 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
Minnesota Math and Science Academy
EIN
46-4684051
Phone
6512460845
Address
169 Jenks Avenue, St Paul, MN 55117

Signing Officer

Name
Murat Oguz
Title
Executive Director
Phone
6512460845
Signed
2019-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Murat Oguz
Formed
2013
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
72
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 2017 was Pillsbury United Communities.”

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, 2018.”

Raw XML AppendixShowing 400 of 417 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/BOYAmt0626452
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0493220
IRS990/AccountsReceivableGrp/BOYAmt0619105
IRS990/AccountsReceivableGrp/EOYAmt0390932
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MMSA fosters an environment of inquiry and a love of learning so students are prepared to thrive in STEM-focused high school, college, and the world.
IRS990/AllOtherContributionsAmt011147
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt025430
IRS990/AllOtherExpensesGrp/ProgramServicesAmt032575
IRS990/AllOtherExpensesGrp/TotalAmt058005
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt017298
IRS990/BenefitsToMembersGrp/TotalAmt017298
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Hasan Damar
IRS990/BooksInCareOfDetail/PhoneNum06514423124
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0169 Jenks Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0St Paul
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055117
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-1593750
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-3048869
IRS990/CashNonInterestBearingGrp/BOYAmt048241
IRS990/CashNonInterestBearingGrp/EOYAmt0220952
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt082250
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt082250
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt014811
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05089
IRS990/ConferencesMeetingsGrp/TotalAmt019900
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt017298
IRS990/CYContributionsGrantsAmt0650763
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt04878727
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt06340710
IRS990/CYRevenuesLessExpensesAmt0-1473995
IRS990/CYSalariesCompEmpBnftPaidAmt03569443
IRS990/CYTotalExpensesAmt08465468
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06991473
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0A learning community serving a multicultural population of students in grades K-8. During the fiscal year ended June 30, 2018, the Academy served an estimated 442 students.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt072
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt07647341
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020744
IRS990/FeesForServicesLegalGrp/TotalAmt020744
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0111294
IRS990/FeesForServicesManagementGrp/TotalAmt0111294
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt014406
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0326735
IRS990/FeesForServicesOtherGrp/TotalAmt0341141
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/AverageHoursPerWeekRt32.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Ozer Asdemir
IRS990/Form990PartVIISectionAGrp/PersonNm1Nur Dirie Nur
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Mustafa Sir
IRS990/Form990PartVIISectionAGrp/PersonNm3Jessica Cosgrove
IRS990/Form990PartVIISectionAGrp/PersonNm4Mustafa Igdelioglu
IRS990/Form990PartVIISectionAGrp/PersonNm5Murat Oguz
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt564288
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0639616
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06991473
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt046925
IRS990/InformationTechnologyGrp/TotalAmt046925
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0393371
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0421979
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0403103
IRS990/LandBldgEquipCostOrOtherBssAmt0796474
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MMSA fosters an environment of inquiry and a love of learning so students are prepared to thrive in STEM-focused high school, college, and the world
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0256500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0256500
IRS990/NetAssetsOrFundBalancesBOYAmt0-1171771
IRS990/NetAssetsOrFundBalancesEOYAmt0-2645766
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt014064
IRS990/OccupancyGrp/ProgramServicesAmt01118664
IRS990/OccupancyGrp/TotalAmt01132728
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt055518
IRS990/OfficeExpensesGrp/ProgramServicesAmt0284834
IRS990/OfficeExpensesGrp/TotalAmt0340352
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05637666
IRS990/OtherAssetsTotalGrp/EOYAmt05426135
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt055715
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0245662
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0301377
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Transportation
IRS990/OtherExpensesGrp/Desc2Food
IRS990/OtherExpensesGrp/Desc3Pension Expense per Act
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0148524
IRS990/OtherExpensesGrp/ProgramServicesAmt01467310
IRS990/OtherExpensesGrp/ProgramServicesAmt1664190
IRS990/OtherExpensesGrp/ProgramServicesAmt2494187
IRS990/OtherExpensesGrp/TotalAmt01467310
IRS990/OtherExpensesGrp/TotalAmt1664190
IRS990/OtherExpensesGrp/TotalAmt2494187
IRS990/OtherExpensesGrp/TotalAmt3148524
IRS990/OtherLiabilitiesGrp/BOYAmt07015810
IRS990/OtherLiabilitiesGrp/EOYAmt08337168
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299505
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02458454
IRS990/OtherSalariesAndWagesGrp/TotalAmt02757959
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt025250
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt08177
IRS990/PaymentsToAffiliatesGrp/TotalAmt033427
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027878
IRS990/PayrollTaxesGrp/ProgramServicesAmt0178697
IRS990/PayrollTaxesGrp/TotalAmt0206575
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0421979
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0403103
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt034032
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0187250
IRS990/PensionPlanContributionsGrp/TotalAmt0221282
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Murat Oguz
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05902787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1437923
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05902787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1437923
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt020528
IRS990/PYContributionsGrantsAmt0631379
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04423039
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05810821
IRS990/PYRevenuesLessExpensesAmt0-1056082
IRS990/PYSalariesCompEmpBnftPaidAmt03054715
IRS990/PYTotalExpensesAmt07498282
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06442200
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1473995
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06340710
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0337140
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0363699
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0700839
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08465468
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025963
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt029672
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt055635
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05426135
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt040000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07173813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11163355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Plan Deferments - PERA and
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06991473
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, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0403103
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05426135
IRS990ScheduleD/TotalExpensesPerForm990Amt08465468
IRS990ScheduleD/TotalLiabilityAmt08337168
IRS990ScheduleD/TotalRevenuePerForm990Amt06991473
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06991473
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08465468
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 2017 was Pillsbury United Communities.
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/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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06726991
IRS990/TotalAssetsEOYAmt06441122
IRS990/TotalAssetsGrp/BOYAmt06726991
IRS990/TotalAssetsGrp/EOYAmt06441122
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0650763
IRS990/TotalEmployeeCnt072
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0818127
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07647341
IRS990/TotalFunctionalExpensesGrp/TotalAmt08465468
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07898762
IRS990/TotalLiabilitiesEOYAmt09086888
IRS990/TotalLiabilitiesGrp/BOYAmt07898762
IRS990/TotalLiabilitiesGrp/EOYAmt09086888
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1171771
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2645766
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt07647341
IRS990/TotalProgramServiceRevenueAmt06340710
IRS990/TotalReportableCompFromOrgAmt064288
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06340710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06991473
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06726991
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06441122
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0169 Jenks Avenue
IRS990/USAddress/CityNm0St Paul
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055117
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.mmsaweb.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Murat Oguz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06512460845
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Minnesota Math and Science Academy
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0464684051
ReturnHeader/Filer/PhoneNum06512460845
ReturnHeader/Filer/USAddress/AddressLine1Txt0169 Jenks Avenue
ReturnHeader/Filer/USAddress/CityNm0St Paul
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055117
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0827F9987C2616201840EC608C8F144592BB8522A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BF4D7B5D5DA3882B398E8E353D5D6C9C75DB51EA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,441,122
Liabilities
$9,086,888
Net assets
-$2,645,766
Revenue
$6,991,473
Expenses
$8,465,468
Net income
-$1,473,995
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.51$5.70$2.18$9.86$9.66$0.19
2024Detailed filing. Detailed filing data is available for this year.$3.14$5.52$2.38$6.95$8.27$1.32
2023Detailed filing. Detailed filing data is available for this year.$5.59$6.64$1.05$10.00$8.82$1.18
2022Detailed filing. Detailed filing data is available for this year.$4.60$6.83$2.23$7.82$8.67$0.85
2021Detailed filing. Detailed filing data is available for this year.$5.55$6.64$1.09$8.97$7.55$1.42
2020Detailed filing. Detailed filing data is available for this year.$5.66$8.17$2.51$7.40$7.94$0.54
2019Detailed filing. Detailed filing data is available for this year.$6.01$7.98$1.97$6.88$6.20$0.67
2018Detailed filing. Detailed filing data is available for this year.$6.44$9.09$2.65$6.99$8.47$1.47
2017Detailed filing. Detailed filing data is available for this year.$6.73$7.90$1.17$6.44$7.50$1.06
2016Detailed filing. Detailed filing data is available for this year.$1.80$1.91$0.12$5.19$5.19$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.81$0.12$3.46$3.58$0.12