Civic Intelligence

Exploration High School

990 • Fiscal year 2023 • EIN 47-2140113

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 30, 2024

229 13th Ave NEMinneapolis, MN 55413

(320) 248-1135

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.93x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.48x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

26th percentile

-7.5%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$77,500

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

93rd percentile

77%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

23%

Faster revenue growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$653,262

Up $284,070 (+77%) from 2022

Net Assets

Down

$48,523

Down $95,119 (-66%) from 2022

Liabilities

Up

$604,739

Up $379,189 (+168%) from 2022

Revenue

Up

$1,270,537

Up $238,126 (+23%) from 2022

Expenses

Up

$1,365,656

Up $429,993 (+46%) from 2022

Net Income

Down

-$95,119

Down $191,867 (-198%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2019: $100,324Liabilities 2019: $02019Assets 2020: $90,406Liabilities 2020: $2,900Net Assets 2020: $87,5062020Assets 2021: $47,169Liabilities 2021: $275Net Assets 2021: $46,8942021Assets 2022: $369,192Liabilities 2022: $225,550Net Assets 2022: $143,6422022Assets 2023: $653,262Liabilities 2023: $604,739Net Assets 2023: $48,5232023Assets 2024: $598,444Liabilities 2024: $755,525Net Assets 2024: -$157,0812024

Highlighted filing

2023

Assets$653,262
Liabilities$604,739
Net Assets$48,523

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $100,350Expenses 2019: $26Net Income 2019: $100,3242019Revenue 2020: $111,598Expenses 2020: $124,416Net Income 2020: -$12,8182020Revenue 2021: $126,885Expenses 2021: $167,497Net Income 2021: -$40,6122021Revenue 2022: $1,032,411Expenses 2022: $935,663Net Income 2022: $96,7482022Revenue 2023: $1,270,537Expenses 2023: $1,365,656Net Income 2023: -$95,1192023Revenue 2024: $1,573,165Expenses 2024: $1,778,769Net Income 2024: -$205,6042024

Highlighted filing

2023

Revenue$1,270,537
Expenses$1,365,656
Net Income-$95,119
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 30, 2024
Return Version
2022v5.0
Gross Receipts
$1,270,537
Mission and Program Overview

Mission

Built upon a foundation of academic excellence and a mindset to drive change, Exploration High School graduates are empowered with 21st century skills to solve the problems of their communities.VISION: Creating a school of learners who work and ideate together to build a culture and community of empathetic, equitable, and forward-thinking problem solvers.

Creating a school of learners who work and ideate together to build a culture and community of empathetic, equitable, and forward-thinking problem solvers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$204,083$218,218▲ $14,135
Land, Buildings, and Equipment, Net$97,798$162,918▲ $65,120
Cash and Non-Interest-Bearing Accounts$38,673$80,870▲ $42,197
Prepaid Expenses and Deferred Charges$1,113$1,362▲ $249
Accounts Receivable$518--
Total Assets$369,192$653,262▲ $284,070
Other Assets Total$27,007$189,894▲ $162,887
Liabilities
Other Liabilities$96,089$425,006▲ $328,917
Accounts Payable and Accrued Expenses$79,461$109,733▲ $30,272
Mortgage Notes Payable Secured by Investment Property$50,000$70,000▲ $20,000
Total Liabilities$225,550$604,739▲ $379,189
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,709$113,215▲ $111,506
Net Assets Without Donor Restrictions$141,933$-64,692▼ $206,625
Total Net Assets Fund Balance$143,642$48,523▼ $95,119
Total Liabilities and Net Assets / Fund Balance$369,192$653,262▲ $284,070

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,394$96,794$145,188
Leasehold Improvements$68,986$8,308$77,294
Equipment$45,538$11,516$57,054
Other Assets Org$189,894--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dave HeighingtonSchool DirectorFT$77,500-$77,500
Liz FordMember /TeacherFT$44,733$4,517$49,250

Board Members and Trustees

NameTitle
Nathan StrengeBoard Chair
Stephen KempFinance Chair
Andrea RuizMember
Beth KargesMember
Jay DeanMember
Jemar LeeMember
Kowanna PowellMember
Ryan RodriguezMember
Shaniqua EdwardsMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Cst MnTransportation615 1st Ave NE Suite 115, Minneapolis, MN 55413$189,968
Revenue and Support

Revenue Composition

Contributions and Grants
$1,268,209
Program Service Revenue
$935
Investment Income
$0
Other Revenue
$1,393
All Other Contributions
$86,262
Change in Net Assets
$-95,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,269,144
Revenue Not Reported on Financial Statements
$1,393
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,393
Total Revenue per Audited Statements
$1,269,144
Total Revenue per Form 990
$1,270,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$880,533
Other Expenses$485,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$294,179$109,752-$403,931
Pension Plan Contributions$231,261$27,661-$258,922
Travel$218,767--$218,767
Current Officers, Directors, Trustees, and Key Employees$102,132$38,104-$140,236
Fees for Services Other$36,064$30,622-$66,686
Fees for Services Accounting-$46,800-$46,800
Payroll Taxes$29,043$11,254-$40,297
Other Employee Benefits$28,160$8,987-$37,147
Depreciation Depletion$18,821--$18,821
Occupancy$15,319--$15,319
Office Expenses$10,904$1,390-$12,294
Information Technology$4,170$8,008-$12,178
Other Expenses$1,087$11,000-$12,087
Fees for Services Legal-$11,468-$11,468
All Other Expenses$8,062--$8,062
Insurance$6,032--$6,032
Interest$1,614--$1,614
Total Functional Expenses$1,060,610$305,046$0$1,365,656

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,365,656
Total Expenses per Audited Statements$1,365,656
Total Expenses per Form 990$1,365,656
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$375,301
Lease Payable$49,703
Deferred Pension Resources$2
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

Form 990 will be presented and approved by the Board of Directors prior to filing.

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

All employees must disclose conflicts of interest or potential conflicts of interest and obtain written approval from the Head of School in order to continue on any and all projects involving that conflict. Conflicts are reviewed on a regular basis.

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

The Board of Directors determines management's compensation based on comparable data, years of service, and consulting input.

Form 990, Part VI, Section C, line 19

Governing documents, policies and financial information is made available upon request.

Filing and Contact Details

Filer

Filer Name
Exploration High School
EIN
47-2140113
Phone
3202481135
Address
229 13th Ave NE, Minneapolis, MN 55413

Signing Officer

Name
Dave Heighington
Title
School Director
Phone
3202481135
Signed
2024-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Heighington
Formed
2014
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
7

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2023. The Association's tax returns are subject to possible examination by the taxing authorities.

Part XI, Line 4B - Other Adjustments:

Pension revenue 1,393.

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

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IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt01393
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01393
IRS990/OtherRevenueTotalAmt01393
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0109752
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0294179
IRS990/OtherSalariesAndWagesGrp/TotalAmt0403931
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011254
IRS990/PayrollTaxesGrp/ProgramServicesAmt029043
IRS990/PayrollTaxesGrp/TotalAmt040297
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027661
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0231261
IRS990/PensionPlanContributionsGrp/TotalAmt0258922
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0204083
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0218218
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01113
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01362
IRS990/PrincipalOfficerNm0Dave Heighington
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0935
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01002340
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0520213
IRS990/PYOtherRevenueAmt027007
IRS990/PYProgramServiceRevenueAmt03064
IRS990/PYRevenuesLessExpensesAmt096748
IRS990/PYSalariesCompEmpBnftPaidAmt0415450
IRS990/PYTotalExpensesAmt0935663
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01032411
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-95119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0935
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt048394
IRS990ScheduleD/BuildingsGrp/DepreciationAmt096794
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0145188
IRS990ScheduleD/EquipmentGrp/BookValueAmt045538
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011516
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057054
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01365656
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt068986
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08308
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt077294
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0189894
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Pension Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1375301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Pension Resources
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01393
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01393
IRS990ScheduleD/RevenueSubtotalAmt01269144
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2023. The Association's tax returns are subject to possible examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Pension revenue 1,393.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0162918
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0189894
IRS990ScheduleD/TotalExpensesPerForm990Amt01365656
IRS990ScheduleD/TotalLiabilityAmt0425006
IRS990ScheduleD/TotalRevenuePerForm990Amt01270537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01269144
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01365656
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 policy is communicated in all solicitations and registration materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School does not provide scholarships or other financial assistance.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2The Organization receives financial aid and assistance from the Minnesota Department of Education and the U.S. Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 will be presented and approved by the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All employees must disclose conflicts of interest or potential conflicts of interest and obtain written approval from the Head of School in order to continue on any and all projects involving that conflict. Conflicts are reviewed on a regular basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors determines management's compensation based on comparable data, years of service, and consulting input.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, policies and financial information is made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0369192
IRS990/TotalAssetsEOYAmt0653262
IRS990/TotalAssetsGrp/BOYAmt0369192
IRS990/TotalAssetsGrp/EOYAmt0653262

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