Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
990 • Fiscal year 2019 • EIN 46-4684051
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
66th percentile
Higher net margin than 66% of similar nonprofits.
Top Officer Pay
31st percentile
Higher top officer pay than 31% of similar nonprofits.
Top officer pay equals 1.1% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
34th percentile
Faster revenue growth than 34% of similar nonprofits.
Assets
Down$6,014,074
Down $427,048 (-6.6%) from 2018
Net Assets
Up-$1,970,846
Up $674,920 (+26%) from 2018
Liabilities
Down$7,984,920
Down $1,101,968 (-12%) from 2018
Revenue
Down$6,878,540
Down $112,933 (-1.6%) from 2018
Expenses
Down$6,203,620
Down $2,261,848 (-27%) from 2018
Net Income
Up$674,920
Up $2,148,915 (+146%) from 2018
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $220,952 | $715,493 | ▲ $494,541 |
| Land, Buildings, and Equipment, Net | $403,103 | $377,418 | ▼ $25,685 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $403,103 | $377,418 | ▼ $25,685 |
| Accounts Receivable | $390,932 | $184,304 | ▼ $206,628 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $-3,048,869 | $-2,348,264 | ▲ $700,605 |
| Total Assets | $6,441,122 | $6,014,074 | ▼ $427,048 |
| Other Assets Total | $5,426,135 | $4,736,859 | ▼ $689,276 |
| Liabilities | |||
| Other Liabilities | $8,337,168 | $7,220,001 | ▼ $1,117,167 |
| Accounts Payable and Accrued Expenses | $493,220 | $508,419 | ▲ $15,199 |
| Mortgage Notes Payable Secured by Investment Property | $256,500 | $256,500 | → $0 |
| Total Liabilities | $9,086,888 | $7,984,920 | ▼ $1,101,968 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-2,645,766 | $-1,970,846 | ▲ $674,920 |
| Total Liabilities and Net Assets / Fund Balance | $6,441,122 | $6,014,074 | ▼ $427,048 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $286,340 | $477,538 | $763,878 |
| Leasehold Improvements | $91,078 | $48,457 | $139,535 |
| Other Assets Org | $4,736,859 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Murat Oguz | Director | FT | $78,733 | $78,733 |
| Name | Title |
|---|---|
| Dr Ozer Asdemir | President |
| Jessica Cosgrove | Member |
| Leslie Aktan | Member |
| Mustafa Igdelioglu | Member |
| Safiyo Ali | Member |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,463,778 |
| Other Expenses | $2,715,056 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $2,489,855 | $159,844 | - | $2,649,699 |
| Occupancy | $1,177,935 | $10,790 | - | $1,188,725 |
| Office Expenses | $229,741 | $68,822 | - | $298,563 |
| Pension Plan Contributions | $224,425 | $30,359 | - | $254,784 |
| Other Employee Benefits | $186,059 | $58,632 | - | $244,691 |
| Fees for Services Other | $210,663 | $25,550 | - | $236,213 |
| Payroll Taxes | $205,565 | $21,539 | - | $227,104 |
| Fees for Services Management | $90,520 | - | - | $90,520 |
| Current Officers, Directors, Trustees, and Key Employees | - | $87,500 | - | $87,500 |
| Information Technology | $58,008 | - | - | $58,008 |
| Payments to Affiliates | $12,851 | $25,748 | - | $38,599 |
| Fees for Services Legal | - | $31,177 | - | $31,177 |
| Benefits to Members | $24,786 | - | - | $24,786 |
| Conferences and Meetings | $12,368 | $8,769 | - | $21,137 |
| Insurance | - | $19,624 | - | $19,624 |
| Other Expenses | $24,266 | $9,446 | - | $9,446 |
| All Other Expenses | $-529,318 | $-16,968 | - | $-546,286 |
| Total Functional Expenses | $5,662,788 | $540,832 | $0 | $6,203,620 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $6,203,620 |
| Total Expenses per Audited Statements | $6,203,620 |
| Total Expenses per Form 990 | $6,203,620 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Pension Plan Deferments - PERA and | $4,377,515 |
| Net Pension Liability | $2,842,486 |
“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.”
“Annually, Directors are required to sign a Conflict of Interest statement”
“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.”
“The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”
“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.”
“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.”
“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.”
“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 $546,286 for the current year.”
“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.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 493220 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 508419 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 390932 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 184304 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 12668 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | -16968 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | -529318 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | -546286 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 0 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/ProgramServicesAmt | 0 | 24786 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 24786 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Hasan Damar |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6514423124 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 169 Jenks Ave |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | St Paul |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55117 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | -3048869 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | -2348264 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 220952 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 715493 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 87500 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 87500 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 8769 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 12368 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 21137 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 24786 |
| IRS990/CYContributionsGrantsAmt | 0 | 613941 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 26 |
| IRS990/CYOtherExpensesAmt | 0 | 2715056 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 6264573 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 674920 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 3463778 |
| IRS990/CYTotalExpensesAmt | 0 | 6203620 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 6878540 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | A learning community serving a multicultural population of students in grades K-11. During the fiscal year ended June 30, 2019, the Academy served an estimated 431 students. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 92 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 5662788 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 31177 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 31177 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 90520 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 90520 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 25550 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 210663 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 236213 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form1098CFiledInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form8899Filedind | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Dr Ozer Asdemir |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Leslie Aktan |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Safiyo Ali |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Jessica Cosgrove |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Mustafa Igdelioglu |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Murat Oguz |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 78733 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2013 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GovernmentGrantsAmt | 0 | 601273 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 6878540 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 58008 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 58008 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 19624 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 19624 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 26 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 26 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 525995 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 403103 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 377418 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 903413 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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 |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 256500 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 256500 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -2645766 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1970846 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 10790 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 1177935 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 1188725 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 68822 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 229741 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 298563 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 5426135 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4736859 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 58632 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 186059 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 244691 |
| IRS990/OtherExpensesGrp/Desc | 0 | Transportation |
| IRS990/OtherExpensesGrp/Desc | 1 | Food |
| IRS990/OtherExpensesGrp/Desc | 2 | Field Trips |
| IRS990/OtherExpensesGrp/Desc | 3 | Miscellaneous Expenses |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 9446 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 813506 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 431558 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 24266 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 813506 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 431558 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 24266 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 9446 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 8337168 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 7220001 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 159844 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 2489855 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2649699 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt | 0 | 25748 |
| IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt | 0 | 12851 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 38599 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 21539 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 205565 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 227104 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 403103 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 377418 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 30359 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 224425 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 254784 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Murat Oguz |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Federal and State Sour |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Other Educational Purp |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5913561 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 351012 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 5913561 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 351012 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 17298 |
| IRS990/PYContributionsGrantsAmt | 0 | 650763 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 4878727 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 6340710 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -1473995 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 3569443 |
| IRS990/PYTotalExpensesAmt | 0 | 8465468 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 6991473 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 674920 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
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| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 6264573 |
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| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 4736859 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Pension Plan Deferments |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 2842486 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 4377515 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Net Pension Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Pension Plan Deferments - PERA and |
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| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
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| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
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| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The Academy received Aid through the Federal Government and the State of MN to povide funding for the operational activities of the Academy. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Annually, Directors are required to sign a Conflict of Interest statement |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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/ExplanationTxt | 3 | The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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 $546,286 for the current year. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part XII, Line 2c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | AUTHORIZER |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section A Line 1B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, PART IX, LINE 24e |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 7984920 |
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| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
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| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 169 Jenks Avenue |
| IRS990/USAddress/CityNm | 0 | St Paul |
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| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | www.mmsaweb.org |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Murat Oguz |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6512460845 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Minnesota Math and Science Academy |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MINN |
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| ReturnHeader/Filer/PhoneNum | 0 | 6512460845 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.