Civic Intelligence

East Range Academy of Technology & Science

990 • Fiscal year 2014 • EIN 59-3829475

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 09, 2015

Organization Profilewww.mnerats.org
2000 Siegel BlvdMountain Iron, MN 55734

(218) 744-7965

Siviq Scores

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

Liabilities / Assets

77th percentile

0.46x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

62nd percentile

0.21x

Higher debt load relative to revenue than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$56,305

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

22nd percentile

-4.4%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-6.8%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$570,721

Down $26,567 (-4.4%) from 2013

Net Assets

Up

$308,180

Up $69 (+0.0%) from 2013

Liabilities

Down

$262,541

Down $26,636 (-9.2%) from 2013

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin40th percentile

Revenue

Down

$1,258,047

Down $92,127 (-6.8%) from 2013

Expenses

Down

$1,257,978

Down $144,598 (-10%) from 2013

Net Income

Up

$69

Up $52,471 (+100%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $520,820Liabilities 2010: $437,457Net Assets 2010: $83,3632010Assets 2011: $456,448Liabilities 2011: $274,459Net Assets 2011: $181,9892011Assets 2012: $656,940Liabilities 2012: $296,427Net Assets 2012: $360,5132012Assets 2013: $597,288Liabilities 2013: $289,177Net Assets 2013: $308,1112013Assets 2014: $570,721Liabilities 2014: $262,541Net Assets 2014: $308,1802014Assets 2015: $778,043Liabilities 2015: $1,155,042Net Assets 2015: -$376,9992015Assets 2016: $1,143,853Liabilities 2016: $1,262,034Net Assets 2016: -$118,1812016Assets 2017: $3,409,074Liabilities 2017: $3,741,885Net Assets 2017: -$332,8112017Assets 2018: $3,124,422Liabilities 2018: $4,132,964Net Assets 2018: -$1,008,5422018Assets 2019: $3,035,268Liabilities 2019: $3,453,201Net Assets 2019: -$417,9332019Assets 2020: $2,610,018Liabilities 2020: $3,080,240Net Assets 2020: -$470,2222020Assets 2021: $3,034,129Liabilities 2021: $2,831,992Net Assets 2021: $202,1372021Assets 2022: $2,858,588Liabilities 2022: $2,541,386Net Assets 2022: $317,2022022Assets 2023: $2,148,995Liabilities 2023: $2,122,326Net Assets 2023: $26,6692023Assets 2024: $1,945,652Liabilities 2024: $2,092,586Net Assets 2024: -$146,9342024Assets 2025: $1,727,940Liabilities 2025: $1,830,522Net Assets 2025: -$102,5822025

Highlighted filing

2014

Assets$570,721
Liabilities$262,541
Net Assets$308,180
Open 2014 Filing

Operations Trend

Revenue Growth25th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,453,7572010Expenses 2011: $1,222,1952011Expenses 2012: $1,151,4992012Revenue 2013: $1,350,174Expenses 2013: $1,402,576Net Income 2013: -$52,4022013Revenue 2014: $1,258,047Expenses 2014: $1,257,978Net Income 2014: $692014Revenue 2015: $1,739,073Expenses 2015: $1,628,617Net Income 2015: $110,4562015Revenue 2016: $2,084,881Expenses 2016: $1,826,063Net Income 2016: $258,8182016Revenue 2017: $2,316,624Expenses 2017: $2,531,254Net Income 2017: -$214,6302017Revenue 2018: $2,272,280Expenses 2018: $2,948,011Net Income 2018: -$675,7312018Revenue 2019: $2,562,643Expenses 2019: $2,083,029Net Income 2019: $479,6142019Revenue 2020: $2,765,191Expenses 2020: $2,817,480Net Income 2020: -$52,2892020Revenue 2021: $3,414,295Expenses 2021: $2,741,936Net Income 2021: $672,3592021Revenue 2022: $2,981,618Expenses 2022: $2,866,553Net Income 2022: $115,0652022Revenue 2023: $2,611,398Expenses 2023: $2,897,714Net Income 2023: -$286,3162023Revenue 2024: $2,934,960Expenses 2024: $2,989,156Net Income 2024: -$54,1962024Revenue 2025: $2,806,092Expenses 2025: $2,603,071Net Income 2025: $203,0212025

Highlighted filing

2014

Revenue$1,258,047
Expenses$1,257,978
Net Income$69
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 9, 2015
Return Version
2013v4.0
Gross Receipts
$1,261,534
Mission and Program Overview

Mission

East range academy of technology & science provides a personalized curriculum to high-school students of all achievement levels to prepare them to be productive adults in today's ever-changing world. We provide a stable environment by developing close student-teacher

Provide an education and other educational services to students in grades 10-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$332,924$326,925▼ $5,999
Cash and Non-Interest-Bearing Accounts$192,981$302,956▲ $109,975
Accounts Receivable$219,068$134,420▼ $84,648
Land, Buildings, and Equipment, Net$170,914$133,345▼ $37,569
Prepaid Expenses and Deferred Charges$14,325$0▼ $14,325
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-24,813$-18,745▲ $6,068
Total Assets$597,288$570,721▼ $26,567
Liabilities
Mortgage Notes Payable Secured by Investment Property$195,727$152,090▼ $43,637
Accounts Payable and Accrued Expenses$93,450$110,451▲ $17,001
Total Liabilities$289,177$262,541▼ $26,636
Net Assets / Fund Balance
Total Net Assets Fund Balance$308,111$308,180▲ $69
Total Liabilities and Net Assets / Fund Balance$597,288$570,721▼ $26,567

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$133,345$111,439$244,784
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jody YousoCo-DirectorFT$49,105$7,200$56,305
Shane WaltersCo-DirectorFT$49,104-$49,104
Fern SwansonCo-DirectorFT$41,770$7,200$48,970
Anita BuvarpMemberFT$39,355$7,200$46,555
Emily FalgierTreasurerFT$38,542$7,200$45,742
Erin FosterMemberFT$40,824-$40,824
Amy HendricksonSecretaryPT$29,207$7,200$36,407

Board Members and Trustees

NameTitle
Cindy ThielChair
Erin HaglundVice Chair
Patricia MonacelliMember
Steve JohnsonMember
Tracy PickarMember
Revenue and Support

Revenue Composition

Contributions and Grants
$146,105
Program Service Revenue
$1,105,782
Investment Income
$50
Other Revenue
$6,110
All Other Contributions
$7,469
Change in Net Assets
$69

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,258,047
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,258,047
Total Revenue per Form 990
$1,258,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$771,005
Other Expenses$483,577
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$329,084$12,616-$341,700
Current Officers, Directors, Trustees, and Key Employees$144,079$92,649-$236,728
Occupancy$202,584$2,851-$205,435
Other Employee Benefits$84,195$23,218-$107,413
Payroll Taxes$37,286$9,515-$46,801
Fees for Services Other$6,531$39,391-$45,922
Depreciation Depletion$38,450$2,053-$40,503
Pension Plan Contributions$31,842$6,521-$38,363
Fees for Services Accounting-$21,527-$21,527
Office Expenses$7,771$12,746-$20,517
Information Technology$8,268$9,355-$17,623
Interest$9,801$1,710-$11,511
Insurance$4,762$6,298-$11,060
Fees for Services Management-$8,804-$8,804
Conferences and Meetings$5,998$225-$6,223
Travel$3,832$719-$4,551
Benefits to Members$3,396--$3,396
Other Expenses$3,379--$3,379
Payments to Affiliates-$1,376-$1,376
All Other Expenses-$337-$337
Total Functional Expenses$1,006,067$251,911$0$1,257,978

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,257,978
Total Expenses per Audited Statements$1,257,978
Total Expenses per Form 990$1,257,978
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
Fundraising Gross Income$9,597
Fundraising Direct Expenses$3,487
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Other officer compensation reviewed
Yes
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 11

“The 990 is prepared by an independent accounting firm and is review by appropriate individuals before filing. A copy of the 990 is filed at the school and is available for the board to review.”

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

“The board assigns the monitoring to a specific committee who is responsible to review the compliance with the policy. Board members are required to annually complete a conflict of interest statement.”

Form 990, Part VI, Section B, line 15

“In 2012 the Board entered into a lengthly salary process and updated salaries based on market data and length of teaching. Also standard pay rates were set for non-teaching duties.”

Form 990, Part VI, Section C, line 19

“Meeting minutes, agendas, and other related information is available on the organization's website or upon request.”

Form 990, part VI, section A, line 1B:

“Several members of the board are teachers at the Academy. Minnesota Statute 124D.10 requires the board to have at least one, employed or contracted teacher on the board.”

Filing and Contact Details

Filer

EIN
59-3829475
Phone
2187447965

Signing Officer

Name
Fern Swanson
Title
Financial Assistant
Phone
2187447965
Signed
2015-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fern Swanson
Formed
2006
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
5
Employees
41
Volunteers
3

Preparer

Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

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

RELATED ORGANIZATION COMPENSATION:

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.”

Authorizer

“The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2014 was Audubon Center of the North Woods.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2014.”

Raw XML AppendixShowing 400 of 462 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.

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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09355
IRS990/InformationTechnologyGrp/ProgramServicesAmt08268
IRS990/InformationTechnologyGrp/TotalAmt017623
IRS990/InsuranceGrp/ManagementAndGeneralAmt06298
IRS990/InsuranceGrp/ProgramServicesAmt04762
IRS990/InsuranceGrp/TotalAmt011060
IRS990/InterestGrp/ManagementAndGeneralAmt01710
IRS990/InterestGrp/ProgramServicesAmt09801
IRS990/InterestGrp/TotalAmt011511
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0111439
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0170914
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0133345
IRS990/LandBldgEquipCostOrOtherBssAmt0244784
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0East Range Academy of Technology & Science provides a personalized curriculum to high-school students of all achievement levels to prepare them to be productive adults in today's ever-changing world. We provide a stable environment by developing close student-teacher relations with small class sizes, offering unique courses that expose students to new ideas, and applying current technology advances to everyday life. Students and staff work together to better prepare students to transition into the future.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0195727
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0152090
IRS990/NetAssetsOrFundBalancesBOYAmt0308111
IRS990/NetAssetsOrFundBalancesEOYAmt0308180
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt050
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt050
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt06110
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06110
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02851
IRS990/OccupancyGrp/ProgramServicesAmt0202584
IRS990/OccupancyGrp/TotalAmt0205435
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012746
IRS990/OfficeExpensesGrp/ProgramServicesAmt07771
IRS990/OfficeExpensesGrp/TotalAmt020517
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023218
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt084195
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0107413
IRS990/OtherExpensesGrp/Desc0Food
IRS990/OtherExpensesGrp/Desc1Transportation
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/ProgramServicesAmt044513
IRS990/OtherExpensesGrp/ProgramServicesAmt140296
IRS990/OtherExpensesGrp/ProgramServicesAmt23379
IRS990/OtherExpensesGrp/TotalAmt044513
IRS990/OtherExpensesGrp/TotalAmt140296
IRS990/OtherExpensesGrp/TotalAmt23379
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012616
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0329084
IRS990/OtherSalariesAndWagesGrp/TotalAmt0341700
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt01376
IRS990/PaymentsToAffiliatesGrp/TotalAmt01376
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09515
IRS990/PayrollTaxesGrp/ProgramServicesAmt037286
IRS990/PayrollTaxesGrp/TotalAmt046801
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-24813
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-18745
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06521
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031842
IRS990/PensionPlanContributionsGrp/TotalAmt038363
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014325
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Fern Swanson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01054603
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01054603
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151179
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0148944
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03447
IRS990/PYOtherExpensesAmt0573259
IRS990/PYOtherRevenueAmt04875
IRS990/PYProgramServiceRevenueAmt01192908
IRS990/PYRevenuesLessExpensesAmt0-52402
IRS990/PYSalariesCompEmpBnftPaidAmt0829317
IRS990/PYTotalExpensesAmt01402576
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01350174
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt069
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01105782
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0133345
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111439
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0244784
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01257978
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01258047
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0133345
IRS990ScheduleD/TotalExpensesPerForm990Amt01257978
IRS990ScheduleD/TotalRevenuePerForm990Amt01258047
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01258047
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01257978
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/ExplanationTxt0All marketing materials that are utilized by the school include a statement on the nondiscriminatory policy. As the school solicits students for registration, the materials are distributed throughout the general community.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Academy recieved aid through the Federal Government and State of Minnesota to provide funding for the operational activities of the Academy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by an independent accounting firm and is review by appropriate individuals before filing. A copy of the 990 is filed at the school and is available for the board to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board assigns the monitoring to a specific committee who is responsible to review the compliance with the policy. Board members are required to annually complete a conflict of interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2In 2012 the Board entered into a lengthly salary process and updated salaries based on market data and length of teaching. Also standard pay rates were set for non-teaching duties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Meeting minutes, agendas, and other related information is available on the organization's website or upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent account annually. The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Several members of the board are teachers at the Academy. Minnesota Statute 124D.10 requires the board to have at least one, employed or contracted teacher on the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2014 was Audubon Center of the North Woods.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5RELATED ORGANIZATION COMPENSATION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, part VI, section a, line 1b:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7AUTHORIZER
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0597288
IRS990/TotalAssetsEOYAmt0570721
IRS990/TotalAssetsGrp/BOYAmt0597288
IRS990/TotalAssetsGrp/EOYAmt0570721
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0146105
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0251911
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01006067

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$570,721
Liabilities
$262,541
Net assets
$308,180
Revenue
$1,258,047
Expenses
$1,257,978
Net income
$69
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.73$1.83$0.10$2.81$2.60$0.20
2024Detailed filing. Detailed filing data is available for this year.$1.95$2.09$0.15$2.93$2.99$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.15$2.12$0.03$2.61$2.90$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.86$2.54$0.32$2.98$2.87$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.03$2.83$0.20$3.41$2.74$0.67
2020Detailed filing. Detailed filing data is available for this year.$2.61$3.08$0.47$2.77$2.82$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.04$3.45$0.42$2.56$2.08$0.48
2018Detailed filing. Detailed filing data is available for this year.$3.12$4.13$1.01$2.27$2.95$0.68
2017Detailed filing. Detailed filing data is available for this year.$3.41$3.74$0.33$2.32$2.53$0.21
2016Detailed filing. Detailed filing data is available for this year.$1.14$1.26$0.12$2.08$1.83$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.78$1.16$0.38$1.74$1.63$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.26$0.31$1.26$1.26$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.29$0.31$1.35$1.40$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.30$0.36$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.27$0.18$1.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.44$0.08$1.45