Civic Intelligence

Prairie Seeds Academy

990 • Fiscal year 2011 • EIN 65-1216244

Jul 01, 2010 to Jun 30, 2011 • Filed on May 09, 2012

Organization ProfileWWW.PSAK12.ORG
6200 W Broadway Ave N55428
Siviq Scores

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

Liabilities / Assets

40th percentile

0.13x

Higher debt load relative to assets than 40% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

84th percentile

19%

Faster asset growth than 84% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets40th percentile

Assets

$3,533,614

No earlier filing loaded for comparison.

Net Assets

$3,090,559

No earlier filing loaded for comparison.

Liabilities

$443,055

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$7,010,854

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $3,533,614Liabilities 2011: $443,055Net Assets 2011: $3,090,5592011Assets 2012: $4,645,151Liabilities 2012: $533,908Net Assets 2012: $4,111,2432012Assets 2013: $5,042,581Liabilities 2013: $448,793Net Assets 2013: $4,593,7882013Assets 2014: $6,031,722Liabilities 2014: $658,435Net Assets 2014: $5,373,2872014Assets 2015: $7,723,846Liabilities 2015: $4,754,707Net Assets 2015: $2,969,1392015Assets 2016: $8,726,799Liabilities 2016: $4,955,540Net Assets 2016: $3,771,2592016Assets 2017: $17,022,411Liabilities 2017: $14,698,279Net Assets 2017: $2,324,1322017Assets 2018: $14,909,693Liabilities 2018: $14,417,665Net Assets 2018: $492,0282018Assets 2019: $12,622,903Liabilities 2019: $11,221,984Net Assets 2019: $1,400,9192019Assets 2020: $12,037,545Liabilities 2020: $11,358,532Net Assets 2020: $679,0132020Assets 2021: $11,928,237Liabilities 2021: $9,859,457Net Assets 2021: $2,068,7802021Assets 2022: $11,990,647Liabilities 2022: $9,757,876Net Assets 2022: $2,232,7712022Assets 2023: $12,325,252Liabilities 2023: $9,549,696Net Assets 2023: $2,775,5562023

Highlighted filing

2011

Assets$3,533,614
Liabilities$443,055
Net Assets$3,090,559
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,010,8542011Revenue 2012: $8,582,354Expenses 2012: $7,561,670Net Income 2012: $1,020,6842012Revenue 2013: $8,459,056Expenses 2013: $7,976,511Net Income 2013: $482,5452013Revenue 2014: $8,998,241Expenses 2014: $8,218,742Net Income 2014: $779,4992014Revenue 2015: $9,536,675Expenses 2015: $8,274,097Net Income 2015: $1,262,5782015Revenue 2016: $10,111,302Expenses 2016: $9,309,182Net Income 2016: $802,1202016Revenue 2017: $10,306,606Expenses 2017: $11,753,733Net Income 2017: -$1,447,1272017Revenue 2018: $10,745,743Expenses 2018: $12,577,847Net Income 2018: -$1,832,1042018Revenue 2019: $10,316,989Expenses 2019: $9,408,098Net Income 2019: $908,8912019Revenue 2020: $11,148,868Expenses 2020: $11,870,774Net Income 2020: -$721,9062020Revenue 2021: $14,361,129Expenses 2021: $12,971,362Net Income 2021: $1,389,7672021Revenue 2022: $13,475,629Expenses 2022: $13,311,638Net Income 2022: $163,9912022Revenue 2023: $14,073,551Expenses 2023: $13,530,766Net Income 2023: $542,7852023

Highlighted filing

2011

Revenue-
Expenses$7,010,854
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 9, 2012
Return Version
2010v3.4
Gross Receipts
$7,973,996
Mission and Program Overview

Mission

Provide educational programs for grades k-12 in compliance with minnesota public education.

Filing and Contact Details

Filer

EIN
65-1216244
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IRS990/Description0Prairie Seeds Academy (PSA) opened in the fall of 2005 focused on serving underprivileged children. Since the opening of PSA the School has grown to an enrollment of 710 students serving a wide variety of students in grades K-12. The School has made significant progress closing the education achievement gap that exist in the students PSA currently serves. During the fiscal year ended June 30, 2011 Prairie Seeds Academy served an estimated 710 students.
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IRS990/MissionDescription0The mission of Prairie Seeds Academy is to provide quality, relevant and multicultural education for all children. Therefore, the school will continuously promote the collaborative efforts and opportunities between children, parents, teachers, and the community.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The 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, 2011.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2Rent from PSA Building Company 1,635,550. GASB 34 Reconciling Item 1.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3Expenses reported by related party - PSA Building Company 1,777,588.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation4Rent paid to PSA Building Company 1,635,550. GASB 34 Reconciling Item 1.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0Nondiscrimination policy is included in registration materials
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1The Academy receives state and federal aid for the purpose of educating students.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0Explanation of Nondiscriminatory Policy Publication
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1Explanation of Government Financial Assistance
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IRS990ScheduleO/GeneralExplanation/Explanation0Ger Cha Yang and Choua Yang are both officers and have a family relationship.
IRS990ScheduleO/GeneralExplanation/Explanation1The Form 990 is prepared by an independent accounting firm. Once the form is completed, it is given to the CEO for review before it is signed and filed.
IRS990ScheduleO/GeneralExplanation/Explanation2Board members are required to annually report any potential conflicts of interest that may occur. Any potential conflicts are identified and resolved.
IRS990ScheduleO/GeneralExplanation/Explanation3Annual market rate analysis is used to determine appropriate compensation.
IRS990ScheduleO/GeneralExplanation/Explanation4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation5The financial statements are prepared by an independent accounting firm. The statements are reviewed and approved by the board before being issued. This process is the same as last year.
IRS990ScheduleO/GeneralExplanation/Explanation6The 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 2011 was the Audubon Center of the North Woods.
IRS990ScheduleO/GeneralExplanation/Explanation7Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/GeneralExplanation/Explanation8Two members of the board are teachers at the school. Minnesota State Statute 124D.10 Subd.4(g) requires the board to have at least one member that is an employed/contracted teacher.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section B, line 11
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IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3990 Page 11, Part XII, Line 2c
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine106200 West Broadway Ave North
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0Brooklyn Park
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode055428
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0205892795
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10PSA Building Company
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0Facility rental
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0509(a)(3) Type II
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs01
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved01635550
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0Actual Cost
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10PSA Building Company
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0J
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,533,614
Liabilities
$443,055
Net assets
$3,090,559
Revenue
-
Expenses
$7,010,854
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$12.3$9.55$2.78$14.1$13.5$0.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$9.76$2.23$13.5$13.3$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$9.86$2.07$14.4$13.0$1.39
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$11.4$0.68$11.1$11.9$0.72
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$11.2$1.40$10.3$9.41$0.91
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$14.4$0.49$10.7$12.6$1.83
2017Summary only. Only limited summary data is available for this year.$17.0$14.7$2.32$10.3$11.8$1.45
2016Detailed filing. Detailed filing data is available for this year.$8.73$4.96$3.77$10.1$9.31$0.80
2015Detailed filing. Detailed filing data is available for this year.$7.72$4.75$2.97$9.54$8.27$1.26
2014Detailed filing. Detailed filing data is available for this year.$6.03$0.66$5.37$9.00$8.22$0.78
2013Summary only. Only limited summary data is available for this year.$5.04$0.45$4.59$8.46$7.98$0.48
2012Summary only. Only limited summary data is available for this year.$4.65$0.53$4.11$8.58$7.56$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.44$3.09$7.01