Civic Intelligence

New Century School

990 • Fiscal year 2022 • EIN 47-2142901

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

1380 Energy Lane Suite 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

87th percentile

0.72x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.64x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

45th percentile

4.8%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

29th percentile

$68,953

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

91st percentile

55%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

26%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$7,638,576

Up $2,722,691 (+55%) from 2021

Net Assets

Up

$2,105,321

Up $414,395 (+25%) from 2021

Liabilities

Up

$5,533,255

Up $2,308,296 (+72%) from 2021

Revenue

Up

$8,656,913

Up $1,792,638 (+26%) from 2021

Expenses

Up

$8,242,518

Up $2,058,481 (+33%) from 2021

Net Income

Down

$414,395

Down $265,843 (-39%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$7,638,576
Liabilities$5,533,255
Net Assets$2,105,321

Operations Trend

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

2022

Revenue$8,656,913
Expenses$8,242,518
Net Income$414,395
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.0
Gross Receipts
$8,656,913
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 governed by our board of directors, which serves to guide our school by helping us plan for the inaugural years and beyond. The board supports our mission and ensures our school is equipped to provide our students with the best quality education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,690,926$2,105,321▲ $414,395
Accounts Receivable$829,949$1,781,450▲ $951,501
Cash and Non-Interest-Bearing Accounts$1,501,717$1,291,458▼ $210,259
Land, Buildings, and Equipment, Net$339,901$667,366▲ $327,465
Prepaid Expenses and Deferred Charges$142,054$216,294▲ $74,240
Total Assets$4,915,885$7,638,576▲ $2,722,691
Other Assets Total$2,102,264$3,682,008▲ $1,579,744
Liabilities
Other Liabilities$2,955,170$4,813,643▲ $1,858,473
Accounts Payable and Accrued Expenses$266,569$690,924▲ $424,355
Deferred Revenue$3,220$28,688▲ $25,468
Total Liabilities$3,224,959$5,533,255▲ $2,308,296
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,690,926$2,105,321▲ $414,395
Total Liabilities and Net Assets / Fund Balance$4,915,885$7,638,576▲ $2,722,691

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$667,366$100,530-
Other Assets Org$1,132,952--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica TallmanSecretaryFT$61,375$7,578$68,953

Board Members and Trustees

NameTitle
Ellie HolteBoard Chair
Abdalia NunoMember
Isse AbdiMember
Ahmed AnshurTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,551,567
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$105,346
Change in Net Assets
$414,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,656,913
Total Revenue per Audited Statements
$8,656,913
Total Revenue per Form 990
$8,656,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,287,222
Other Expenses$3,955,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,152,770$204,137-$3,356,907
Fees for Services Other$264,550$294,392-$558,942
Pension Plan Contributions$436,204$52,731-$488,935
Occupancy$250,427$720-$251,147
Payroll Taxes$222,821$27,890-$250,711
Other Employee Benefits$159,979$30,690-$190,669
Travel$63,025$1,277-$64,302
Depreciation Depletion$44,855$1,843-$46,698
Other Expenses$1,021$36,376-$37,397
All Other Expenses$19,094$13,549-$32,643
Insurance$17,070--$17,070
Total Functional Expenses$7,378,744$863,774$0$8,242,518

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,242,518
Total Expenses per Audited Statements$8,242,518
Total Expenses per Form 990$8,242,518
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
Deferred Inflow$1,931,426
Pension Liability$1,702,807
Lease Liability$1,179,410
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, Page 6, Part VI, 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, Page 6, Part VI, 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, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
New Century School
EIN
47-2142901
Phone
6514784535
Address
1380 ENERGY LANE SUITE 108, ST PAUL, MN 55108

Signing Officer

Name
Ellie Holte
Title
Board Chair
Phone
9522407143
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Ahmed Ali
Formed
2015
Voting Board Members
5
Independent Board Members
4
Employees
91

Preparer

Firm
Chuck Rinkey Ltd
Address
5775 WAYZATA BLVD STE 990, MINNEAPOLIS, MN 55416-1295
Preparer
Charles Rinkey
Phone
9525461052
Supplemental Narrative

Additional Explanations

Form 990

New century school is governed by a board of directors. The board is the final decision-making entity of the school. The composition of the board is in compliance with minnesota statutes 124e. The board's responsibilities include governance, fiscal oversight, strategic planning, and policy development and generally ensure the school is managed properly.

Form 990, Page 2, Part III, Line 4A

New century school (ncs) is a public stem charter school located in the midway area of st. Paul, minnesota. The school integrates a stem based curriculum that allows students to develop skills for the 21st century. Our school's inquiry-based learning model and multi- disciplinary instructional approach provides the foundation for our rigorous curriculum. New century school is aspirational to its very bedrock: built upon the values of equity of opportunity and access, it aspires to fulfill the hope and promise of the community it serves. New century school (ncs) implements various quality programs that provide a foundation for our students to thrive and prepare them for college and careers. Ncs creates instructional plans, policies, practices, and structures that support quality teaching and learning. Some of our programs include the following: rigorous academic programs, science, technology, engineering and math (stem) programs, college & career preparation, english language learning (ell), service learning, and extended day programs.

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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/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02105321
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0667366
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100530
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0767896
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02549056
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11132952
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-TO-USE ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01931426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11702807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21179410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEASE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt08656913
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0667366
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03682008
IRS990ScheduleD/TotalExpensesPerForm990Amt08242518
IRS990ScheduleD/TotalLiabilityAmt04813643
IRS990ScheduleD/TotalRevenuePerForm990Amt08656913
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08656913
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08242518
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NEW CENTURY SCHOOL'S RACIAL DISCRIMINATION POLICY IS POSTED ON THE SCHOOL WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECCEIVES FEDERAL AND STATE AID.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW CENTURY SCHOOL IS GOVERNED BY A BOARD OF DIRECTORS. THE BOARD IS THE FINAL DECISION-MAKING ENTITY OF THE SCHOOL. THE COMPOSITION OF THE BOARD IS IN COMPLIANCE WITH MINNESOTA STATUTES 124E. THE BOARD'S RESPONSIBILITIES INCLUDE GOVERNANCE, FISCAL OVERSIGHT, STRATEGIC PLANNING, AND POLICY DEVELOPMENT AND GENERALLY ENSURE THE SCHOOL IS MANAGED PROPERLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW CENTURY SCHOOL (NCS) IS A PUBLIC STEM CHARTER SCHOOL LOCATED IN THE MIDWAY AREA OF ST. PAUL, MINNESOTA. THE SCHOOL INTEGRATES A STEM BASED CURRICULUM THAT ALLOWS STUDENTS TO DEVELOP SKILLS FOR THE 21ST CENTURY. OUR SCHOOL'S INQUIRY-BASED LEARNING MODEL AND MULTI- DISCIPLINARY INSTRUCTIONAL APPROACH PROVIDES THE FOUNDATION FOR OUR RIGOROUS CURRICULUM. NEW CENTURY SCHOOL IS ASPIRATIONAL TO ITS VERY BEDROCK: BUILT UPON THE VALUES OF EQUITY OF OPPORTUNITY AND ACCESS, IT ASPIRES TO FULFILL THE HOPE AND PROMISE OF THE COMMUNITY IT SERVES. NEW CENTURY SCHOOL (NCS) IMPLEMENTS VARIOUS QUALITY PROGRAMS THAT PROVIDE A FOUNDATION FOR OUR STUDENTS TO THRIVE AND PREPARE THEM FOR COLLEGE AND CAREERS. NCS CREATES INSTRUCTIONAL PLANS, POLICIES, PRACTICES, AND STRUCTURES THAT SUPPORT QUALITY TEACHING AND LEARNING. SOME OF OUR PROGRAMS INCLUDE THE FOLLOWING: RIGOROUS ACADEMIC PROGRAMS, SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) PROGRAMS, COLLEGE & CAREER PREPARATION, ENGLISH LANGUAGE LEARNING (ELL), SERVICE LEARNING, AND EXTENDED DAY PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 REVIEWED BY THE SCHOOL'S EXECUTIVE DIRECTOR WHO IS AUTHORIZED BY THE BOARD OF DIRECTORS TO APPROVE ITS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS, 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/ExplanationTxt4THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07378744
IRS990/TotalFunctionalExpensesGrp/TotalAmt08242518
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt05533255
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IRS990/TotalLiabilitiesGrp/EOYAmt05533255
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02105321
IRS990/TotalOtherCompensationAmt07578
IRS990/TotalProgramServiceExpensesAmt07378744
IRS990/TotalReportableCompFromOrgAmt061375
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0105346
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08656913
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04915885
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07638576
IRS990/TravelGrp/ManagementAndGeneralAmt01277
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IRS990/TravelGrp/TotalAmt064302
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WebsiteAddressTxt0HTTP://WWW.NEWCENTURYSCHOOL.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELLIE HOLTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09522407143
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW CENTURY SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NEWC
ReturnHeader/Filer/EIN0472142901
ReturnHeader/Filer/PhoneNum06514784535
ReturnHeader/Filer/USAddress/AddressLine1Txt01380 ENERGY LANE SUITE 108
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055108
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411799235
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHUCK RINKEY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05775 WAYZATA BLVD STE 990
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554161295
ReturnHeader/PreparerPersonGrp/PhoneNum09525461052
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES RINKEY
ReturnHeader/ReturnTs02023-05-15T12:24:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELLIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOLTE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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