Civic Intelligence

Tcaabc

990 • Fiscal year 2018 • EIN 47-2817284

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 04, 2019

Organization ProfileTWINCITIESACADEMY.ORG
690 Birmingham StreetSt Paul, MN 55106

(651) 205-4797

Siviq Scores

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

Liabilities / Assets

94th percentile

1.08x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

15.22x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

22nd percentile

-4.6%

Higher net margin than 22% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

33rd percentile

-1.7%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-25%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$15,535,957

Down $272,094 (-1.7%) from 2017

Net Assets

Down

-$1,196,376

Down $50,626 (-4.4%) from 2017

Liabilities

Down

$16,732,333

Down $221,468 (-1.3%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin22nd percentile

Revenue

Down

$1,099,576

Down $364,092 (-25%) from 2017

Expenses

Down

$1,150,202

Down $71,302 (-5.8%) from 2017

Net Income

Down

-$50,626

Down $292,790 (-121%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$30M$20M$10M$0-$10MAssets 2015: $680,702Liabilities 2015: $684,284Net Assets 2015: -$3,5822015Assets 2016: $18,838,829Liabilities 2016: $20,226,743Net Assets 2016: -$1,387,9142016Assets 2017: $15,808,051Liabilities 2017: $16,953,801Net Assets 2017: -$1,145,7502017Assets 2018: $15,535,957Liabilities 2018: $16,732,333Net Assets 2018: -$1,196,3762018Assets 2019: $15,367,827Liabilities 2019: $16,580,895Net Assets 2019: -$1,213,0682019Assets 2020: $15,123,938Liabilities 2020: $16,336,384Net Assets 2020: -$1,212,4462020Assets 2021: $14,911,046Liabilities 2021: $16,141,597Net Assets 2021: -$1,230,5512021Assets 2022: $14,681,237Liabilities 2022: $15,918,116Net Assets 2022: -$1,236,8792022Assets 2023: $14,547,935Liabilities 2023: $15,745,862Net Assets 2023: -$1,197,9272023Assets 2024: $14,357,202Liabilities 2024: $15,482,453Net Assets 2024: -$1,125,2512024Assets 2025: $14,193,867Liabilities 2025: $15,243,929Net Assets 2025: -$1,050,0622025

Highlighted filing

2018

Assets$15,535,957
Liabilities$16,732,333
Net Assets-$1,196,376
Open 2018 Filing

Operations Trend

Revenue Growth10th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2015: $0Expenses 2015: $3,582Net Income 2015: -$3,5822015Revenue 2016: $108,940Expenses 2016: $1,493,272Net Income 2016: -$1,384,3322016Revenue 2017: $1,463,668Expenses 2017: $1,221,504Net Income 2017: $242,1642017Revenue 2018: $1,099,576Expenses 2018: $1,150,202Net Income 2018: -$50,6262018Revenue 2019: $1,270,427Expenses 2019: $1,287,119Net Income 2019: -$16,6922019Revenue 2020: $1,128,171Expenses 2020: $1,127,549Net Income 2020: $6222020Revenue 2021: $1,113,922Expenses 2021: $1,132,027Net Income 2021: -$18,1052021Revenue 2022: $1,115,024Expenses 2022: $1,121,352Net Income 2022: -$6,3282022Revenue 2023: $1,156,032Expenses 2023: $1,117,080Net Income 2023: $38,9522023Revenue 2024: $1,191,623Expenses 2024: $1,118,947Net Income 2024: $72,6762024Revenue 2025: $1,183,736Expenses 2025: $1,108,547Net Income 2025: $75,1892025

Highlighted filing

2018

Revenue$1,099,576
Expenses$1,150,202
Net Income-$50,626
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 4, 2019
Return Version
2017v2.3
Gross Receipts
$1,099,576
Mission and Program Overview

Mission

The entity is constructing facility space for the related organization Twin Cities Academy High School.

To provide an educational facility for a charter school to rent or lease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,145,210$13,879,491▼ $265,719
Savings and Temporary Cash Investments$1,659,643$1,655,787▼ $3,856
Cap Stk Tr Prin Current Funds$-1,145,750$624,198▲ $1,769,948
Cash and Non-Interest-Bearing Accounts$3,198$679▼ $2,519
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$-1,820,574▼ $1,820,574
Total Assets$15,808,051$15,535,957▼ $272,094
Liabilities
Tax Exempt Bond Liabilities$15,519,599$15,520,065▲ $466
Other Liabilities$777,563$1,032,268▲ $254,705
Accounts Payable and Accrued Expenses$296,639--
Mortgage Notes Payable Secured by Investment Property$360,000$180,000▼ $180,000
Total Liabilities$16,953,801$16,732,333▼ $221,468
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,145,750$-1,196,376▼ $50,626
Total Liabilities and Net Assets / Fund Balance$15,808,051$15,535,957▼ $272,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,754,491$531,438$13,285,929
Land$1,125,000-$1,125,000
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Tom EcksteinPresident
John TuttleSecretary
Joel MichealTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rjm ConstructionConstr Contractor701 WASHINGTON AVE N 600, Minneapolis, MN 55401$1,043,587
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,089,109
Investment Income
$10,467
Other Revenue
$0
Change in Net Assets
$-50,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,099,576
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,986,027
Total Revenue per Audited Statements
$10,085,603
Total Revenue per Form 990
$1,099,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,150,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$805,386--$805,386
Depreciation Depletion$265,719--$265,719
Fees for Services Other$49,646--$49,646
Insurance$20,348--$20,348
Occupancy$8,778--$8,778
Fees for Services Legal$325--$325
Total Functional Expenses$1,150,202$0$0$1,150,202

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,834,903
Expenses Not Reported on Form 990$8,950,886
Total Expenses per Form 990$1,150,202
Expenses per Audited Statements$884,017
Expenses Not Reported on Financial Statements$266,185
Other Expense Adjustments$266,185
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
Due to Twin Cities Academy$629,468
Accrued Interest Payable$402,800

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of St Paul Mn2015-07-30$15,518,707BUILD SCHOOLHOUSE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$15,518,707--$310,700

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is twin cities academy.”

Form 990, Part VI, Section A, Line 7A

“The sole member has the power to remove or appoint directors of the organization.”

Form 990, Part VI, Section A, Line 7B

“The sole member may alter or repeal the bylaws of the organization.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing board.”

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

“The 990 tax return is completed by the school's accountant and was reviewed by the board of directors. The board has granted authority to the president to review and sign the return prior to be submitted.”

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

“Conflict of interest forms are completed by each board member annually.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Tcaabc
EIN
47-2817284
Phone
6512054797
Address
690 BIRMINGHAM STREET, ST PAUL, MN 55106

Signing Officer

Name
Tom Eckstein
Title
President
Phone
6512054797
Signed
2019-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Eckstein
Formed
2015
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4420
Preparer
Theresa Goette
Phone
9525636800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

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

Financial Statement Notes

PART X, LINE 2:

“The academy and the building company are subject to the recognition requirements for uncertain income tax positions as required by the financial accounting standards board accounting standards codification 740-10. 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 and the building company have analyzed tax positions taken for filing with the irs and state jurisdiction where they operate. The academy and the building company believe 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 and the building company have not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at the current year-end. The academy and the building company are subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Twin cities academy revenues 8,986,027.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Twin cities academy expenses 8,767,516. Principal payments on long-term debt 180,000. Change in accrued interest 3,370.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Amortization of bond discount 466. Depreciation expense 265,719.”

Raw XML AppendixShowing 400 of 444 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0296639
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AN EDUCATIONAL FACILITY FOR A CHARTER SCHOOL TO RENT OR LEASE.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BERGANKDV
IRS990/BooksInCareOfDetail/PhoneNum06514632233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt022488 CHIPPENDALE AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FARMINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055024
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-1145750
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0624198
IRS990/CashNonInterestBearingGrp/BOYAmt03198
IRS990/CashNonInterestBearingGrp/EOYAmt0679
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt01043587
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0701 WASHINGTON AVE N 600
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MINNEAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055401
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0RJM CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTR CONTRACTOR
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010467
IRS990/CYOtherExpensesAmt01150202
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01089109
IRS990/CYRevenuesLessExpensesAmt0-50626
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01150202
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01099576
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0265719
IRS990/DepreciationDepletionGrp/TotalAmt0265719
IRS990/Desc0THE ENTITY LEASES FACILITY SPACE TO THE RELATED ORGANIZATION TWIN CITIES ACADEMY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt01150202
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0325
IRS990/FeesForServicesLegalGrp/TotalAmt0325
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt049646
IRS990/FeesForServicesOtherGrp/TotalAmt049646
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM ECKSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOEL MICHEAL
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN TUTTLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01099576
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt020348
IRS990/InsuranceGrp/TotalAmt020348
IRS990/InterestGrp/ProgramServicesAmt0805386
IRS990/InterestGrp/TotalAmt0805386
IRS990/InvestmentIncomeGrp/ExclusionAmt010467
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010467
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0531438
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014145210
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013879491
IRS990/LandBldgEquipCostOrOtherBssAmt014410929
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AN EDUCATIONAL FACILITY FOR A CHARTER SCHOOL TO RENT OR LEASE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0360000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0180000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1145750
IRS990/NetAssetsOrFundBalancesEOYAmt0-1196376
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt08778
IRS990/OccupancyGrp/TotalAmt08778
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0777563
IRS990/OtherLiabilitiesGrp/EOYAmt01032268
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-1820574
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TOM ECKSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01089109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01089109
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0291516
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01040
IRS990/PYOtherExpensesAmt01221504
IRS990/PYOtherRevenueAmt062475
IRS990/PYProgramServiceRevenueAmt01108637
IRS990/PYRevenuesLessExpensesAmt0242164
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01221504
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01463668
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-50626
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01089109
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01659643
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01655787
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0200257761
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TWIN CITIES ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt012754491
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0531438
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013285929
IRS990ScheduleD/ExpensesNotReportedAmt08950886
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0266185
IRS990ScheduleD/ExpensesSubtotalAmt0884017
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01125000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01125000
IRS990ScheduleD/OtherExpensesIncludedAmt08950886
IRS990ScheduleD/OtherExpensesNotIncludedAmt0266185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0629468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1402800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO TWIN CITIES ACADEMY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherRevenueAmt08986027
IRS990ScheduleD/RevenueNotReportedAmt08986027
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01099576
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY AND THE BUILDING COMPANY ARE SUBJECT TO THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740-10. 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 AND THE BUILDING COMPANY HAVE ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE IRS AND STATE JURISDICTION WHERE THEY OPERATE. THE ACADEMY AND THE BUILDING COMPANY BELIEVE 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 AND THE BUILDING COMPANY HAVE NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT THE CURRENT YEAR-END. THE ACADEMY AND THE BUILDING COMPANY ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TWIN CITIES ACADEMY REVENUES 8,986,027.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TWIN CITIES ACADEMY EXPENSES 8,767,516. PRINCIPAL PAYMENTS ON LONG-TERM DEBT 180,000. CHANGE IN ACCRUED INTEREST 3,370.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3AMORTIZATION OF BOND DISCOUNT 466. DEPRECIATION EXPENSE 265,719.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013879491
IRS990ScheduleD/TotalExpensesPerForm990Amt01150202
IRS990ScheduleD/TotalLiabilityAmt01032268
IRS990ScheduleD/TotalRevenuePerForm990Amt01099576
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010085603
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09834903
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-07-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0521440935
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0852297AY6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt015518707
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF ST PAUL MN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0BUILD SCHOOLHOUSE
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt013500137
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0729795
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0978075
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0310700
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02016
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt015518707
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE ORGANIZATION IS TWIN CITIES ACADEMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER HAS THE POWER TO REMOVE OR APPOINT DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER MAY ALTER OR REPEAL THE BYLAWS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 TAX RETURN IS COMPLETED BY THE SCHOOL'S ACCOUNTANT AND WAS REVIEWED BY THE BOARD OF DIRECTORS. THE BOARD HAS GRANTED AUTHORITY TO THE PRESIDENT TO REVIEW AND SIGN THE RETURN PRIOR TO BE SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICT OF INTEREST FORMS ARE COMPLETED BY EACH BOARD MEMBER ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR ANNUALLY. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TWIN CITIES ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0200257761
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0690 BIRMINGHAM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055106
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt015519599
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt015520065
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015808051
IRS990/TotalAssetsEOYAmt015535957
IRS990/TotalAssetsGrp/BOYAmt015808051
IRS990/TotalAssetsGrp/EOYAmt015535957
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01150202
IRS990/TotalFunctionalExpensesGrp/TotalAmt01150202
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016953801
IRS990/TotalLiabilitiesEOYAmt016732333
IRS990/TotalLiabilitiesGrp/BOYAmt016953801
IRS990/TotalLiabilitiesGrp/EOYAmt016732333
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1145750
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1196376
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01150202
IRS990/TotalProgramServiceRevenueAmt01089109
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010467
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01089109
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01099576
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015808051
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015535957
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$15,535,957
Liabilities
$16,732,333
Net assets
-$1,196,376
Revenue
$1,099,576
Expenses
$1,150,202
Net income
-$50,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.2$15.2$1.05$1.18$1.11$0.08
2024Detailed filing. Detailed filing data is available for this year.$14.4$15.5$1.13$1.19$1.12$0.07
2023Detailed filing. Detailed filing data is available for this year.$14.5$15.7$1.20$1.16$1.12$0.04
2022Detailed filing. Detailed filing data is available for this year.$14.7$15.9$1.24$1.12$1.12$0.01
2021Detailed filing. Detailed filing data is available for this year.$14.9$16.1$1.23$1.11$1.13$0.02
2020Detailed filing. Detailed filing data is available for this year.$15.1$16.3$1.21$1.13$1.13$0.00
2019Detailed filing. Detailed filing data is available for this year.$15.4$16.6$1.21$1.27$1.29$0.02
2018Detailed filing. Detailed filing data is available for this year.$15.5$16.7$1.20$1.10$1.15$0.05
2017Detailed filing. Detailed filing data is available for this year.$15.8$17.0$1.15$1.46$1.22$0.24
2016Detailed filing. Detailed filing data is available for this year.$18.8$20.2$1.39$0.11$1.49$1.38
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.68$0.00$0.00$0.00$0.00