Civic Intelligence

East Range Academy of Technology & Science

990 • Fiscal year 2017 • EIN 59-3829475

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 09, 2018

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

93rd percentile

1.10x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

1.62x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

21st percentile

-9.3%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$70,254

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

198%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$3,409,074

Up $2,265,221 (+198%) from 2016

Net Assets

Down

-$332,811

Down $214,630 (-182%) from 2016

Liabilities

Up

$3,741,885

Up $2,479,851 (+196%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin21st percentile

Revenue

Up

$2,316,624

Up $231,743 (+11%) from 2016

Expenses

Up

$2,531,254

Up $705,191 (+39%) from 2016

Net Income

Down

-$214,630

Down $473,448 (-183%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2017

Assets$3,409,074
Liabilities$3,741,885
Net Assets-$332,811
Open 2017 Filing

Operations Trend

Revenue Growth63rd 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

2017

Revenue$2,316,624
Expenses$2,531,254
Net Income-$214,630
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 9, 2018
Return Version
2016v3.0
Gross Receipts
$2,316,624
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$566,437$549,500▼ $16,937
Accounts Receivable$232,917$469,825▲ $236,908
Land, Buildings, and Equipment, Net$164,307$162,304▼ $2,003
Pd in Cap Srpls Land Bldg Eqp Fund$-10,871$31,524▲ $42,395
Prepaid Expenses and Deferred Charges$2,122$0▼ $2,122
Rtn Earn Endowment Incm Other Fnds$0$80▲ $80
Cap Stk Tr Prin Current Funds$-107,310$-364,415▼ $257,105
Total Assets$1,143,853$3,409,074▲ $2,265,221
Other Assets Total$178,070$2,227,445▲ $2,049,375
Liabilities
Other Liabilities$917,791$3,412,879▲ $2,495,088
Accounts Payable and Accrued Expenses$169,066$198,226▲ $29,160
Mortgage Notes Payable Secured by Investment Property$175,177$130,780▼ $44,397
Total Liabilities$1,262,034$3,741,885▲ $2,479,851
Net Assets / Fund Balance
Total Net Assets Fund Balance$-118,181$-332,811▼ $214,630
Total Liabilities and Net Assets / Fund Balance$1,143,853$3,409,074▲ $2,265,221

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$162,304$186,120$348,424
Other Assets Org$2,227,445--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tara LereExecutive DirectorFT$65,894$4,360$70,254
Shane WaltersDean of StudentsFT$55,562$3,598$59,160
Emily FalgierTreasurerFT$52,893$3,726$56,619
Amy HendricksonSecretaryFT$50,454$3,473$53,927
Fern SwansonBusiness ManagerFT$49,979$2,871$52,850
Mason SchraufnagelMemberFT$16,154$2,915$19,069

Board Members and Trustees

NameTitle
Erin HaglundChair
Cindy ThielVice Chair
Bernard CollinsMember
Missy LagerquistMember
Revenue and Support

Revenue Composition

Contributions and Grants
$178,428
Program Service Revenue
$2,138,031
Investment Income
$165
Other Revenue
$0
All Other Contributions
$4,523
Change in Net Assets
$-214,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,316,624
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,316,624
Total Revenue per Form 990
$2,316,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,384,712
Other Expenses$1,146,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$838,633$32,070-$870,703
Current Officers, Directors, Trustees, and Key Employees$176,060$157,753-$333,813
Occupancy$202,609$100-$202,709
Information Technology-$102,842-$102,842
Fees for Services Other$34,015$66,303-$100,318
Payroll Taxes$77,608$13,834-$91,442
Office Expenses$66,177$24,907-$91,084
Pension Plan Contributions$66,874$12,690-$79,564
Depreciation Depletion$46,674$8,870-$55,544
Conferences and Meetings$18,398--$18,398
Fees for Services Management-$14,802-$14,802
Fees for Services Accounting-$13,532-$13,532
Insurance$4,771$6,097-$10,868
Interest$9,115$658-$9,773
Other Employee Benefits$6,993$2,197-$9,190
Other Expenses$4,125--$4,125
Travel$3,471$173-$3,644
Payments to Affiliates-$767-$767
Fees for Services Legal-$225-$225
Total Functional Expenses$2,073,434$457,820$0$2,531,254

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,531,254
Total Expenses per Audited Statements$2,531,254
Total Expenses per Form 990$2,531,254
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$3,331,698
Pension Plan Deferments$81,181
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
2018-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fern Swanson
Formed
2006
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
4
Employees
70
Volunteers
3

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55416
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 2017 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, 2017.”

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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.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0130780
IRS990/NetAssetsOrFundBalancesBOYAmt0-118181
IRS990/NetAssetsOrFundBalancesEOYAmt0-332811
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0100
IRS990/OccupancyGrp/ProgramServicesAmt0202609
IRS990/OccupancyGrp/TotalAmt0202709
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024907
IRS990/OfficeExpensesGrp/ProgramServicesAmt066177
IRS990/OfficeExpensesGrp/TotalAmt091084
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0178070
IRS990/OtherAssetsTotalGrp/EOYAmt02227445
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02197
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06993
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09190
IRS990/OtherExpensesGrp/Desc0Pension Expense per Act
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Transportation
IRS990/OtherExpensesGrp/Desc3Field Trips
IRS990/OtherExpensesGrp/ProgramServicesAmt0391921
IRS990/OtherExpensesGrp/ProgramServicesAmt184418
IRS990/OtherExpensesGrp/ProgramServicesAmt241572
IRS990/OtherExpensesGrp/ProgramServicesAmt34125
IRS990/OtherExpensesGrp/TotalAmt0391921
IRS990/OtherExpensesGrp/TotalAmt184418
IRS990/OtherExpensesGrp/TotalAmt241572
IRS990/OtherExpensesGrp/TotalAmt34125
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IRS990/OtherLiabilitiesGrp/EOYAmt03412879
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032070
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0838633
IRS990/OtherSalariesAndWagesGrp/TotalAmt0870703
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0767
IRS990/PaymentsToAffiliatesGrp/TotalAmt0767
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013834
IRS990/PayrollTaxesGrp/ProgramServicesAmt077608
IRS990/PayrollTaxesGrp/TotalAmt091442
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-10871
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt031524
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012690
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt066874
IRS990/PensionPlanContributionsGrp/TotalAmt079564
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02122
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/RelatedOrExemptFuncIncomeAmt02056246
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02056246
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181785
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt042
IRS990/PYOtherExpensesAmt0642845
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01910557
IRS990/PYRevenuesLessExpensesAmt0258818
IRS990/PYSalariesCompEmpBnftPaidAmt01183218
IRS990/PYTotalExpensesAmt01826063
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02084881
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-214630
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02138031
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt080
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0162304
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0186120
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0348424
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02531254
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02227445
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension Plan Deferments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03331698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt181181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Plan Deferments
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02316624
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, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02227445
IRS990ScheduleD/TotalExpensesPerForm990Amt02531254
IRS990ScheduleD/TotalLiabilityAmt03412879
IRS990ScheduleD/TotalRevenuePerForm990Amt02316624
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02316624
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02531254
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 2017 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
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IRS990/TotalAssetsEOYAmt03409074
IRS990/TotalAssetsGrp/BOYAmt01143853
IRS990/TotalAssetsGrp/EOYAmt03409074
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02073434
IRS990/TotalFunctionalExpensesGrp/TotalAmt02531254
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,409,074
Liabilities
$3,741,885
Net assets
-$332,811
Revenue
$2,316,624
Expenses
$2,531,254
Net income
-$214,630
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