Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Venture Academies
990 • Fiscal year 2016 • EIN 61-1677994
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.89x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 3.2% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Balance Sheet
Assets
Up$2,018,192
Up $1,415,905 (+235%) from 2015
Net Assets
Up$218,263
Up $83,724 (+62%) from 2015
Liabilities
Up$1,799,929
Up $1,332,181 (+285%) from 2015
Revenue And Expenses
Revenue
Up$3,735,333
Up $828,352 (+28%) from 2015
Expenses
Up$3,651,609
Up $706,232 (+24%) from 2015
Net Income
Up$83,724
Up $122,120 (+318%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- May 15, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $3,735,333
Mission and Program Overview
Mission
Our missionventure academy graduates overcome whatever barriers they may face to become successful and happy adults in their chosen path. We are committed to removing obstacles, building strong relationships, and ensuring every student has the support they need to thrive during and beyond high school.our visionwe meet students where they are to provide a future-focused education that gives each student a personalized pathway toward success after graduation. Through individualized learning, strong community partnerships, and a commitment to safety and dignity, venture academy prepares students for college, career, and life.
The mission of venture academy is to build entrepreneurial leaders by developing the independence, scholarship and leadership of young people.the vision of venture academy is for every young person to become an entrepreneurial leader who improves the world around them.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $371,020 | $357,020 | ▼ $14,000 |
| Cash and Non-Interest-Bearing Accounts | $65,443 | $234,427 | ▲ $168,984 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $58,096 | $134,286 | ▲ $76,190 |
| Prepaid Expenses and Deferred Charges | $107,728 | $104,116 | ▼ $3,612 |
| Savings and Temporary Cash Investments | - | $100,000 | - |
| Land, Buildings, and Equipment, Net | $58,096 | $83,977 | ▲ $25,881 |
| Cap Stk Tr Prin Current Funds | $76,443 | $83,977 | ▲ $7,534 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Total Assets | $602,287 | $2,018,192 | ▲ $1,415,905 |
| Other Assets Total | $0 | $1,138,652 | ▲ $1,138,652 |
| Liabilities | |||
| Other Liabilities | $200,972 | $1,558,854 | ▲ $1,357,882 |
| Accounts Payable and Accrued Expenses | $116,776 | $141,075 | ▲ $24,299 |
| Mortgage Notes Payable Secured by Investment Property | $150,000 | $100,000 | ▼ $50,000 |
| Total Liabilities | $467,748 | $1,799,929 | ▲ $1,332,181 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $134,539 | $218,263 | ▲ $83,724 |
| Total Liabilities and Net Assets / Fund Balance | $602,287 | $2,018,192 | ▲ $1,415,905 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $83,977 | $33,498 | $117,475 |
| Other Assets Org | $1,138,652 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jon Bacal | CEO | FT | $120,006 | $120,006 |
| Troy Strand | Director | - | $27,948 | $27,948 |
Board Members and Trustees
| Name | Title |
|---|---|
| Brian Peterson | Chairperson |
| Jason Davis | Director |
| Jeff Robbins | Director |
| Nilton Vega | Director |
| Rajiv Tandon | Director |
| Wendy Swanson-choi | Director |
| Betsy Ohrn | Secretary |
| Brad Pogalz | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Nhh Realties | Rent | 317 2ND AVE S STE 800, Minneapolis, MN 55401 | $353,066 |
| Monarch Bus Service INC | Transportation | 101 EAST 10TH STREET STE 300, Hastings, MN 55033 | $273,939 |
| Done Right Food Services INC | Food Service | PO BOX 21153, Columbia Heights, MN 55421 | $149,267 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,718,182
- Program Service Revenue
- $17,151
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $180,390
- Change in Net Assets
- $83,724
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $3,735,333
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $3,735,333
- Total Revenue per Form 990
- $3,735,333
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,216,343 |
| Other Expenses | $1,435,266 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,198,863 | $234,706 | - | $1,433,569 |
| Fees for Services Other | $402,255 | $146,481 | - | $548,736 |
| Occupancy | $382,626 | $25,422 | - | $408,048 |
| Pension Plan Contributions | $299,904 | $54,454 | - | $354,358 |
| Other Employee Benefits | $125,327 | $40,374 | - | $165,701 |
| Current Officers, Directors, Trustees, and Key Employees | $142,223 | - | - | $142,223 |
| Payroll Taxes | $99,208 | $21,284 | - | $120,492 |
| Information Technology | $53,117 | $28,394 | - | $81,511 |
| Other Expenses | $1,214 | $21,201 | - | $22,415 |
| Insurance | $10,855 | $7,718 | - | $18,573 |
| Depreciation Depletion | $12,564 | $3,696 | - | $16,260 |
| Conferences and Meetings | $12,000 | $3,136 | - | $15,136 |
| Travel | $14,819 | $14 | - | $14,833 |
| All Other Expenses | $13,622 | $320 | - | $13,942 |
| Interest | - | $2,714 | - | $2,714 |
| Office Expenses | - | $294 | - | $294 |
| Total Functional Expenses | $3,043,005 | $608,604 | $0 | $3,651,609 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,651,609 |
| Total Expenses per Audited Statements | $3,651,609 |
| Total Expenses per Form 990 | $3,651,609 |
| 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 Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Net Pension Liability | $1,429,612 |
| Deferred Inflows of Resources - Pension | $129,242 |
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 A, Line 1
“The executive committee shall at times be subject to the direction and control of the board, and any actions taken by the executive committee shall be reported to the full board at the next board meeting. The four officers serve as the members of the executive committee. Except for the power to amend the articles of incorporation and bylaws, the executive committee shall have all the powers and authority of the board in the intervals between meetings of the board, and is subject to the direction and control of the full board.”
Form 990, Part VI, Section A, Line 7A
“Any staff members employed at the school, including teachers, and all parents and legal guardians of students enrolled at the school are eligible to vote for the board of directors.”
Form 990, Part VI, Section B, Line 11
“The school's finance committee reviews the form 990 in detail when the return is complete. All members of the board will receive a copy of the return prior to filing with the irs, but not after changes are made.”
Form 990, Part VI, Section B, Line 12C
“Each board member, principal officer and member of a committee with board delegated powers shall annually sign a conflict of interest statement. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. All deliberations and decisions involving conflicts of interest are documented in the meeting minutes.”
Form 990, Part VI, Section B, Line 15
“Market rate analysis of like sized charter schools is done to determine compensation for the ceo, officers, and other key employees. This process was last performed in 2016.”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents, policies, and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Venture Academies
- EIN
- 61-1677994
- Phone
- 6123459040
- Address
- 315 27TH AVE SE, MINNEAPOLIS, MN 55414
Signing Officer
- Name
- Jon Bacal
- Title
- Chief Entrepreneuship Officer
- Phone
- 6126952396
- Signed
- 2017-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jon Bacal
- Formed
- 2012
- Legal Domicile
- Mn
- Voting Board Members
- 10
- Independent Board Members
- 8
- Employees
- 55
- Volunteers
- 10
Preparer
- Firm
- SCHLENNER WENNER & CO CPA'S PA
- Address
- PO BOX 1496, ST CLOUD, MN 56302-1496
- Preparer
- Shelley Gaetz
- Phone
- 3202510286
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Other service fees: program service expenses 114,058. Management and general expenses 146,481. Fundraising expenses 0. Total expenses 260,539. Transportation / public carrier: program service expenses 288,197. Management and general expenses 0. Fundraising expenses 0. Total expenses 288,197.”
Financial Statement Notes
PART XI, LINE 4B - OTHER ADJUSTMENTS:
“State aid related to pension expense”
Raw XML AppendixShowing 400 of 476 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/Desc | 0 | VENTURE ACADEMY IS A MIDDLE SCHOOL, GRADES 6,7,8 AND 9. THE SCHOOL EDUCATED STUDENTS WITH A COMBINED PURPOSE OF GROWING THE ENTREPRENEURIAL SPIRIT WHILE ASPIRING TO REACH INDIVIDUAL GOALS AND STATE EDUCATIONAL STANDARDS. |
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| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GovernmentGrantsAmt | 0 | 3537792 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 3735333 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 28394 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 53117 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 81511 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 7718 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 10855 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 18573 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 2714 |
| IRS990/InterestGrp/TotalAmt | 0 | 2714 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 18 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 33498 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 58096 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 83977 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 117475 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE MISSION OF VENTURE ACADEMY IS TO BUILD ENTREPRENEURIAL LEADERS BY DEVELOPING THE INDEPENDENCE, SCHOLARSHIP AND LEADERSHIP OF YOUNG PEOPLE.THE VISION OF VENTURE ACADEMY IS FOR EVERY YOUNG PERSON TO BECOME AN ENTREPRENEURIAL LEADER WHO IMPROVES THE WORLD AROUND THEM. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 150000 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 100000 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 134539 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 218263 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 25422 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 382626 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 408048 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 294 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 294 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1138652 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 40374 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 125327 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 165701 |
| IRS990/OtherExpensesGrp/Desc | 0 | FOOD SERVICE |
| IRS990/OtherExpensesGrp/Desc | 1 | INSTRUCTIONAL SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 2 | OPERATING LEASES |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES & MEMBERSHIPS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6543 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 11534 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 319 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 21201 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 165956 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 60261 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 48191 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 1214 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 172499 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 71795 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 48510 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 22415 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 200972 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1558854 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 234706 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1198863 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1433569 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 21284 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 99208 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 120492 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 58096 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 134286 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 54454 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 299904 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 354358 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 371020 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 357020 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 107728 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 104116 |
| IRS990/PrincipalOfficerNm | 0 | JON BACAL |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611710 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 722210 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | MISCELLANEOUS REVENUE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES FROM PATRONS |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FOOD SALES TO ADULTS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 12595 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 4395 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 161 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 12595 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 4395 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 161 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2903753 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1274789 |
| IRS990/PYOtherRevenueAmt | 0 | 1405 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1823 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -38396 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1670588 |
| IRS990/PYTotalExpensesAmt | 0 | 2945377 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2906981 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 83724 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 17151 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 100000 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 83977 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 33498 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 117475 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3651609 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1138652 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED OUTFLOWS OF RESOURCES - PENSIONS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1429612 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 129242 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NET PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED INFLOWS OF RESOURCES - PENSION |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3735333 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | STATE AID RELATED TO PENSION EXPENSE |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 83977 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1138652 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3651609 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1558854 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3735333 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3735333 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3651609 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | POLICIES ARE MADE AVAILABLE UPON REQUEST AND DURING REGISTRATION. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | IN MINNESOTA, CHARTER SCHOOLS ARE CONSIDERED PUBLIC SCHOOLS AND, AS SUCH, RECEIVE GENERAL EDUCATION AND SPECIAL EDUCATION AIDS IN ACCORDANCE WITH MINNESOTA DEPARTMENT OF EDUCATION FUNDING FORMULAS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE EXECUTIVE COMMITTEE SHALL AT TIMES BE SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD, AND ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE FULL BOARD AT THE NEXT BOARD MEETING. THE FOUR OFFICERS SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ANY STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS, AND ALL PARENTS AND LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE SCHOOL ARE ELIGIBLE TO VOTE FOR THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE SCHOOL'S FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL WHEN THE RETURN IS COMPLETE. ALL MEMBERS OF THE BOARD WILL RECEIVE A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS, BUT NOT AFTER CHANGES ARE MADE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EACH BOARD MEMBER, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ALL DELIBERATIONS AND DECISIONS INVOLVING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MARKET RATE ANALYSIS OF LIKE SIZED CHARTER SCHOOLS IS DONE TO DETERMINE COMPENSATION FOR THE CEO, OFFICERS, AND OTHER KEY EMPLOYEES. THIS PROCESS WAS LAST PERFORMED IN 2016. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 114,058. MANAGEMENT AND GENERAL EXPENSES 146,481. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260,539. TRANSPORTATION / PUBLIC CARRIER: PROGRAM SERVICE EXPENSES 288,197. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 288,197. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
| IRS990/SchoolOperatingInd | 0 | 1 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,018,192
- Liabilities
- $1,799,929
- Net assets
- $218,263
- Revenue
- $3,735,333
- Expenses
- $3,651,609
- Net income
- $83,724