Civic Intelligence

East Range Academy of Technology & Science

990 • Fiscal year 2018 • EIN 59-3829475

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

Organization Profilewww.mnerats.org
2000 Siegel BlvdEveleth, MN 55734

(218) 744-7965

Siviq Scores

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

Liabilities / Assets

95th percentile

1.32x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.82x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

51st percentile

$65,970

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

16th percentile

-8.3%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-1.9%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,124,422

Down $284,652 (-8.3%) from 2017

Net Assets

Down

-$1,008,542

Down $675,731 (-203%) from 2017

Liabilities

Up

$4,132,964

Up $391,079 (+10%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin10th percentile

Revenue

Down

$2,272,280

Down $44,344 (-1.9%) from 2017

Expenses

Up

$2,948,011

Up $416,757 (+16%) from 2017

Net Income

Down

-$675,731

Down $461,101 (-215%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2018

Assets$3,124,422
Liabilities$4,132,964
Net Assets-$1,008,542
Open 2018 Filing

Operations Trend

Revenue Growth34th 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

2018

Revenue$2,272,280
Expenses$2,948,011
Net Income-$675,731
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 1, 2019
Return Version
2017v2.3
Gross Receipts
$2,272,280
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 9-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$549,500$655,567▲ $106,067
Accounts Receivable$469,825$272,341▼ $197,484
Land, Buildings, and Equipment, Net$162,304$225,238▲ $62,934
Rtn Earn Endowment Incm Other Fnds$80$10,606▲ $10,526
Pd in Cap Srpls Land Bldg Eqp Fund$31,524$-69,139▼ $100,663
Cap Stk Tr Prin Current Funds$-364,415$-950,009▼ $585,594
Total Assets$3,409,074$3,124,422▼ $284,652
Other Assets Total$2,227,445$1,971,276▼ $256,169
Liabilities
Other Liabilities$3,412,879$3,623,364▲ $210,485
Mortgage Notes Payable Secured by Investment Property$130,780$294,377▲ $163,597
Accounts Payable and Accrued Expenses$198,226$215,223▲ $16,997
Total Liabilities$3,741,885$4,132,964▲ $391,079
Net Assets / Fund Balance
Total Net Assets Fund Balance$-332,811$-1,008,542▼ $675,731
Total Liabilities and Net Assets / Fund Balance$3,409,074$3,124,422▼ $284,652

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$225,238$160,291$385,529
Other Assets Org$1,971,276--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tara LereExecutive DirectorFT$57,441$8,529$65,970
Emily FalgierTreasurerFT$55,343$8,050$63,393
Shane WaltersDean of StudentsFT$53,809$7,522$61,331
Fern SwansonBusiness ManagerFT$50,259$7,207$57,466
Amy HendricksonSecretaryFT$41,518$5,879$47,397
Zach ToppingMemberFT$28,400$5,107$33,507

Board Members and Trustees

NameTitle
Erin HaglundChair
Cindy ThielVice Chair
Chris MammegugaMember
John StodolaMember
Melissa BrusaciramMember
Revenue and Support

Revenue Composition

Contributions and Grants
$234,047
Program Service Revenue
$2,038,081
Investment Income
$152
Other Revenue
$0
All Other Contributions
$5,628
Change in Net Assets
$-675,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,272,280
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,272,280
Total Revenue per Form 990
$2,272,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,635,422
Other Expenses$1,312,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,106,241$30,911-$1,137,152
Current Officers, Directors, Trustees, and Key Employees$119,460$169,853-$289,313
Occupancy$284,110$273-$284,383
Office Expenses$230,157$26,848-$257,005
Information Technology-$103,644-$103,644
Payroll Taxes$86,378$14,967-$101,345
Fees for Services Other$28,460$72,548-$101,008
Pension Plan Contributions$80,282$13,634-$93,916
Depreciation Depletion$49,372$16,712-$66,084
Conferences and Meetings$18,988$2,451-$21,439
Other Expenses$16,352--$16,352
Other Employee Benefits$11,739$1,957-$13,696
Fees for Services Accounting-$13,636-$13,636
Insurance$6,271$6,232-$12,503
Interest$4,905--$4,905
Payments to Affiliates-$3,025-$3,025
Total Functional Expenses$2,471,320$476,691$0$2,948,011

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,948,011
Total Expenses per Audited Statements$2,948,011
Total Expenses per Form 990$2,948,011
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 Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$3,011,706
Pension Plan Deferments$611,658
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 11B

“The 990 is prepared by an independent accounting firm and is reviewed by Business Manager and other appropriate individuals before filing. A copy of the 990 is on file at the school and is available for the Board to review. Entire Board does not review 990 before filing.”

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

“Annually, Board enters into salary process and updates salaries based on market data and length of teaching. Also standard pay rates are 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

Filer Name
East Range Academy of Technology
EIN
59-3829475
Phone
2187447965
Address
2000 Siegel Blvd, Eveleth, MN 55734

Signing Officer

Name
Fern Swanson
Title
Business Manager
Phone
2187447965
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fern Swanson
Formed
2006
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
3
Employees
70
Volunteers
0

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55416
Preparer
James H Eichten
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 2018 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, 2018.”

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IRS990/InterestGrp/TotalAmt04905
IRS990/InvestmentIncomeGrp/ExclusionAmt0152
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0152
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0160291
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0162304
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0225238
IRS990/LandBldgEquipCostOrOtherBssAmt0385529
IRS990/LegalDomicileStateCd0MN
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/BOYAmt0130780
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0294377
IRS990/NetAssetsOrFundBalancesBOYAmt0-332811
IRS990/NetAssetsOrFundBalancesEOYAmt0-1008542
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0273
IRS990/OccupancyGrp/ProgramServicesAmt0284110
IRS990/OccupancyGrp/TotalAmt0284383
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026848
IRS990/OfficeExpensesGrp/ProgramServicesAmt0230157
IRS990/OfficeExpensesGrp/TotalAmt0257005
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02227445
IRS990/OtherAssetsTotalGrp/EOYAmt01971276
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01957
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011739
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013696
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Transportation
IRS990/OtherExpensesGrp/Desc3Field Trips
IRS990/OtherExpensesGrp/ProgramServicesAmt0312982
IRS990/OtherExpensesGrp/ProgramServicesAmt181324
IRS990/OtherExpensesGrp/ProgramServicesAmt234299
IRS990/OtherExpensesGrp/ProgramServicesAmt316352
IRS990/OtherExpensesGrp/TotalAmt0312982
IRS990/OtherExpensesGrp/TotalAmt181324
IRS990/OtherExpensesGrp/TotalAmt234299
IRS990/OtherExpensesGrp/TotalAmt316352
IRS990/OtherLiabilitiesGrp/BOYAmt03412879
IRS990/OtherLiabilitiesGrp/EOYAmt03623364
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030911
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01106241
IRS990/OtherSalariesAndWagesGrp/TotalAmt01137152
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt03025
IRS990/PaymentsToAffiliatesGrp/TotalAmt03025
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014967
IRS990/PayrollTaxesGrp/ProgramServicesAmt086378
IRS990/PayrollTaxesGrp/TotalAmt0101345
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt031524
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-69139
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013634
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt080282
IRS990/PensionPlanContributionsGrp/TotalAmt093916
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Fern Swanson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01973106
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt164975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01973106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164975
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0178428
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0165
IRS990/PYOtherExpensesAmt01146542
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02138031
IRS990/PYRevenuesLessExpensesAmt0-214630
IRS990/PYSalariesCompEmpBnftPaidAmt01384712
IRS990/PYTotalExpensesAmt02531254
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02316624
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-675731
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02038081
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt080
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010606
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0225238
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0160291
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0385529
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02948011
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01971276
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03011706
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1611658
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Plan Deferments
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02272280
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, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0225238
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01971276
IRS990ScheduleD/TotalExpensesPerForm990Amt02948011
IRS990ScheduleD/TotalLiabilityAmt03623364
IRS990ScheduleD/TotalRevenuePerForm990Amt02272280
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02272280
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02948011
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 reviewed by Business Manager and other appropriate individuals before filing. A copy of the 990 is on file at the school and is available for the Board to review. Entire Board does not review 990 before filing.
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/ExplanationTxt2Annually, Board enters into salary process and updates salaries based on market data and length of teaching. Also standard pay rates are 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 2018 was Audubon Center of the North Woods.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 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/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03409074
IRS990/TotalAssetsEOYAmt03124422
IRS990/TotalAssetsGrp/BOYAmt03409074
IRS990/TotalAssetsGrp/EOYAmt03124422
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0234047
IRS990/TotalEmployeeCnt070
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0476691
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02471320
IRS990/TotalFunctionalExpensesGrp/TotalAmt02948011

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,124,422
Liabilities
$4,132,964
Net assets
-$1,008,542
Revenue
$2,272,280
Expenses
$2,948,011
Net income
-$675,731
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