Civic Intelligence

New Century School

990 • Fiscal year 2020 • EIN 47-2142901

Jul 01, 2019 to Jun 30, 2020 • Filed on May 04, 2021

Organization ProfileNEWCENTURYSCHOOL.NET
1380 Energy Park Lane No 108St Paul, MN 55108

(651) 478-4535

Siviq Scores

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

Liabilities / Assets

85th percentile

0.73x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.50x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

48th percentile

$118,196

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

70th percentile

16%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

28%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$3,678,223

Up $516,277 (+16%) from 2019

Net Assets

Up

$1,010,688

Up $341,157 (+51%) from 2019

Liabilities

Up

$2,667,535

Up $175,120 (+7.0%) from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin65th percentile

Revenue

Up

$5,355,542

Up $1,180,241 (+28%) from 2019

Expenses

Up

$4,710,146

Up $921,408 (+24%) from 2019

Net Income

Up

$645,396

Up $258,833 (+67%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$15M$10M$5.0M$0Assets 2016: $77,065Liabilities 2016: $60,240Net Assets 2016: $16,8252016Assets 2017: $343,678Liabilities 2017: $171,623Net Assets 2017: $172,0552017Assets 2018: $2,011,765Liabilities 2018: $1,884,617Net Assets 2018: $127,1482018Assets 2019: $3,161,946Liabilities 2019: $2,492,415Net Assets 2019: $669,5312019Assets 2020: $3,678,223Liabilities 2020: $2,667,535Net Assets 2020: $1,010,6882020Assets 2021: $4,915,885Liabilities 2021: $3,224,959Net Assets 2021: $1,690,9262021Assets 2022: $7,638,576Liabilities 2022: $5,533,255Net Assets 2022: $2,105,3212022Assets 2023: $13,901,199Liabilities 2023: $13,220,954Net Assets 2023: $680,2452023Assets 2024: $13,586,754Liabilities 2024: $13,440,236Net Assets 2024: $146,5182024

Highlighted filing

2020

Assets$3,678,223
Liabilities$2,667,535
Net Assets$1,010,688
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $92,422Expenses 2016: $75,597Net Income 2016: $16,8252016Revenue 2017: $1,774,915Expenses 2017: $1,619,685Net Income 2017: $155,2302017Revenue 2018: $2,733,807Expenses 2018: $2,778,714Net Income 2018: -$44,9072018Revenue 2019: $4,175,301Expenses 2019: $3,788,738Net Income 2019: $386,5632019Revenue 2020: $5,355,542Expenses 2020: $4,710,146Net Income 2020: $645,3962020Revenue 2021: $6,864,275Expenses 2021: $6,184,037Net Income 2021: $680,2382021Revenue 2022: $8,656,913Expenses 2022: $8,242,518Net Income 2022: $414,3952022Revenue 2023: $9,248,814Expenses 2023: $10,658,496Net Income 2023: -$1,409,6822023Revenue 2024: $14,180,478Expenses 2024: $14,173,531Net Income 2024: $6,9472024

Highlighted filing

2020

Revenue$5,355,542
Expenses$4,710,146
Net Income$645,396
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 4, 2021
Return Version
2019v5.2
Gross Receipts
$5,355,542
Mission and Program Overview

Mission

The school integrates computational thinking and inquiry-based learning as the foundational overarching instructional theme. Students will benefit from a rigorous, well-rounded stem curriculum with a multi-disciplinary instructional approach.

New century school is a k-8 public charter school located in st paul, minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$553,906$832,324▲ $278,418
Accounts Receivable$402,373$742,627▲ $340,254
Cash and Non-Interest-Bearing Accounts$336,030$582,074▲ $246,044
Land, Buildings, and Equipment, Net$115,625$178,364▲ $62,739
Pd in Cap Srpls Land Bldg Eqp Fund$115,625$178,364▲ $62,739
Prepaid Expenses and Deferred Charges$56,692$50,616▼ $6,076
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$3,161,946$3,678,223▲ $516,277
Other Assets Total$2,251,226$2,124,542▼ $126,684
Liabilities
Other Liabilities$2,326,919$2,504,474▲ $177,555
Accounts Payable and Accrued Expenses$165,496$163,061▼ $2,435
Total Liabilities$2,492,415$2,667,535▲ $175,120
Net Assets / Fund Balance
Total Net Assets Fund Balance$669,531$1,010,688▲ $341,157
Total Liabilities and Net Assets / Fund Balance$3,161,946$3,678,223▲ $516,277

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$106,104$38,581$144,685
Leasehold Improvements$72,260$10,834$83,094
Other Assets Org$2,124,542--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ahmed AliDirectorFT$109,180$9,016$118,196
Jessica TallmanSecretaryFT$51,375$7,656$59,031

Board Members and Trustees

NameTitle
Ellie HolteBoard Chair
Fadumo KhalifBoard Member
Isse AbdiBoard Member
Ahmed AnshurTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,351,250
Program Service Revenue
$2,912
Investment Income
$40
Other Revenue
$1,340
All Other Contributions
$161,705
Change in Net Assets
$645,396

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,355,542
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$388
Total Revenue per Audited Statements
$5,355,930
Total Revenue per Form 990
$5,355,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,387,510
Other Expenses$2,308,061
Professional Fundraising Fees$14,575
Total Fundraising Expense$14,575
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,472,654$284,429-$1,757,083
Occupancy$647,016$420-$647,436
Current Officers, Directors, Trustees, and Key Employees$56,938$114,633-$171,571
Fees for Services Other$154,240$9,143-$163,383
Payroll Taxes$123,093$34,183-$157,276
Pension Plan Contributions$113,533$21,515-$135,048
Information Technology$63,815$52,479-$116,294
Office Expenses$49,919$61,997-$111,916
Comp Disqual Persons$109,060--$109,060
Fees for Services Accounting-$61,750-$61,750
Other Employee Benefits$43,093$14,379-$57,472
Advertising-$49,394-$49,394
Other Expenses$1,180$25,852-$27,032
Depreciation Depletion$20,067$4,711-$24,778
Conferences and Meetings$18,793--$18,793
All Other Expenses$15,590--$15,590
Fees for Services Professional Fundraising--$14,575$14,575
Insurance$12,486--$12,486
Fees for Services Management-$3,800-$3,800
Total Functional Expenses$3,956,886$738,685$14,575$4,710,146

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,014,773
Expenses per Audited Statements$4,710,146
Total Expenses per Form 990$4,710,146
Expenses Not Reported on Form 990$304,627
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$14,575
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$1,463,836
Deferred Inflows Related to Pension$1,040,638
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
No
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 A, Line 7A

“Any staff members who are employed at the school, including teachers, all parents/legal guardians of children enrolled in the school, and board members may participate in the election of the board of directors.”

Form 990, Part VI, Section B, Line 11B

“Form 990 reviewed by the school's executive director who is authorized by the board of directors to approve its submission.”

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

“Officers, directors, and key employees review this policy at start of each year and each is asked if they have any conflicts or potential conflicts to disclose. If so, they are asked to identify them in detail.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflicts of interest policy, and financial documents available to the public upon request.”

FORM 990, PART VII, SECTION A:

“Related board members per mn statute 124e.07, charter schools are required to have a licensed teacher as a member of the board of directors. Jessica tallman is a board member, but received compensation for her services as a teacher.”

Filing and Contact Details

Filer

Filer Name
New Century School
EIN
47-2142901
Phone
6514784535
Address
1380 ENERGY PARK LANE NO 108, ST PAUL, MN 55108

Signing Officer

Name
Ahmed Ali
Title
Executive Director
Phone
6514784535
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellie Holte
Formed
2015
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
64
Volunteers
2

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4420
Preparer
Nickolas S Taintor CPA
Phone
9525636800
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINE 25:

“Pension liabilities, deferred outflows & inflows pension: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

FORM 990, PART XI, LINE 9:

“Pension expense relating to net pension liabilities -304,627. Direct aid contributions relating to pension expense 388.”

Form 990, Part XII, Line 2C

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant. This process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The academy is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The academy has determined there are not amounts to record as assets or liabilities related to uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gasb 68 pension revenue 388.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gasb 68 pension expense 304,627.”

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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/Desc0NEW CENTURY SCHOOL IS A K-8 PUBLIC CHARTER SCHOOL LOCATED IN THE MIDWAY AREA OF ST. PAUL, MINNESOTA. OUR INQUIRY-BASED LEARNING MODEL AND MULTIDISCIPLINARY INSTRUCTIONAL APPROACH PROVIDES THE FOUNDATION FOR OUR SCHOOL'S RIGOROUS STEM-BASED CURRICULUM.THIS PAST YEAR REPRESENTED THE FOURTH FULL YEAR OF OPERATION AS A MN PUBLIC CHARTER SCHOOL. WE SERVED APPROXIMATELY 339 STUDENTS IN GRADES K-8.
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01340
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01340
IRS990/OtherRevenueTotalAmt01340
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0284429
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01472654
IRS990/OtherSalariesAndWagesGrp/TotalAmt01757083
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034183
IRS990/PayrollTaxesGrp/ProgramServicesAmt0123093
IRS990/PayrollTaxesGrp/TotalAmt0157276
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0115625
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0178364
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021515
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0113533
IRS990/PensionPlanContributionsGrp/TotalAmt0135048
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056692
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050616
IRS990/PrincipalOfficerNm0ELLIE HOLTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02912
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02912
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04169442
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt037
IRS990/PYOtherExpensesAmt01896808
IRS990/PYOtherRevenueAmt01296
IRS990/PYProgramServiceRevenueAmt04526
IRS990/PYRevenuesLessExpensesAmt0386563
IRS990/PYSalariesCompEmpBnftPaidAmt01891930
IRS990/PYTotalExpensesAmt03788738
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04175301
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0645396
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04252
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
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/EquipmentGrp/BookValueAmt0106104
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038581
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144685
IRS990ScheduleD/ExpensesNotReportedAmt0304627
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04710146
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt072260
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010834
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt083094
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02124542
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherExpensesIncludedAmt0304627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01463836
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11040638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherRevenueAmt0388
IRS990ScheduleD/RevenueNotReportedAmt0388
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05355542
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GASB 68 PENSION REVENUE 388.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GASB 68 PENSION EXPENSE 304,627.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0178364
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02124542
IRS990ScheduleD/TotalExpensesPerForm990Amt04710146
IRS990ScheduleD/TotalLiabilityAmt02504474
IRS990ScheduleD/TotalRevenuePerForm990Amt05355542
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05355930
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05014773
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/ExplanationTxt0PAMPHLETS WITH THE REQUIRED INFORMATION ARE DISTRIBUTED TO FAMILIES OF PROSPECTIVE STUDENTS. MEDIA WAS NOT USED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS, ALL PARENTS/LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND BOARD MEMBERS MAY PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEWED BY THE SCHOOL'S EXECUTIVE DIRECTOR WHO IS AUTHORIZED BY THE BOARD OF DIRECTORS TO APPROVE ITS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS, AND KEY EMPLOYEES REVIEW THIS POLICY AT START OF EACH YEAR AND EACH IS ASKED IF THEY HAVE ANY CONFLICTS OR POTENTIAL CONFLICTS TO DISCLOSE. IF SO, THEY ARE ASKED TO IDENTIFY THEM IN DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. JESSICA TALLMAN IS A BOARD MEMBER, BUT RECEIVED COMPENSATION FOR HER SERVICES AS A TEACHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PENSION EXPENSE RELATING TO NET PENSION LIABILITIES -304,627. DIRECT AID CONTRIBUTIONS RELATING TO PENSION EXPENSE 388.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X, LINE 25:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03161946
IRS990/TotalAssetsEOYAmt03678223
IRS990/TotalAssetsGrp/BOYAmt03161946
IRS990/TotalAssetsGrp/EOYAmt03678223
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05351250
IRS990/TotalEmployeeCnt064
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014575
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0738685
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03956886
IRS990/TotalFunctionalExpensesGrp/TotalAmt04710146
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02492415
IRS990/TotalLiabilitiesEOYAmt02667535
IRS990/TotalLiabilitiesGrp/BOYAmt02492415
IRS990/TotalLiabilitiesGrp/EOYAmt02667535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0669531
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01010688
IRS990/TotalOtherCompensationAmt016672
IRS990/TotalProgramServiceExpensesAmt03956886
IRS990/TotalProgramServiceRevenueAmt02912
IRS990/TotalReportableCompFromOrgAmt0160555
IRS990/TotalRevenueGrp/ExclusionAmt040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04252
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05355542
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03161946
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03678223
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,678,223
Liabilities
$2,667,535
Net assets
$1,010,688
Revenue
$5,355,542
Expenses
$4,710,146
Net income
$645,396
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.6$13.4$0.15$14.2$14.2$0.01
2023Detailed filing. Detailed filing data is available for this year.$13.9$13.2$0.68$9.25$10.7$1.41
2022Detailed filing. Detailed filing data is available for this year.$7.64$5.53$2.11$8.66$8.24$0.41
2021Detailed filing. Detailed filing data is available for this year.$4.92$3.22$1.69$6.86$6.18$0.68
2020Detailed filing. Detailed filing data is available for this year.$3.68$2.67$1.01$5.36$4.71$0.65
2019Detailed filing. Detailed filing data is available for this year.$3.16$2.49$0.67$4.18$3.79$0.39
2018Detailed filing. Detailed filing data is available for this year.$2.01$1.88$0.13$2.73$2.78$0.04
2017Summary only. Only limited summary data is available for this year.$0.34$0.17$0.17$1.77$1.62$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.06$0.02$0.09$0.08$0.02