Civic Intelligence

Eagle Ridge Academy

990 • Fiscal year 2012 • EIN 73-1673656

Jul 01, 2011 to Jun 30, 2012 • Filed on Apr 23, 2013

7255 Flying Cloud Drive55344
Siviq Scores

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

Liabilities / Assets

78th percentile

0.61x

Higher debt load relative to assets than 78% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

94th percentile

50%

Faster asset growth than 94% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$2,541,688

Up $845,586 (+50%) from 2011

Net Assets

Up

$999,205

Up $261,649 (+35%) from 2011

Liabilities

Up

$1,542,483

Up $583,937 (+61%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$6,520,615

Up $1,854,768 (+40%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $823,213Liabilities 2010: $260,941Net Assets 2010: $562,2722010Assets 2011: $1,696,102Liabilities 2011: $958,546Net Assets 2011: $737,5562011Assets 2012: $2,541,688Liabilities 2012: $1,542,483Net Assets 2012: $999,2052012Assets 2013: $1,691,442Liabilities 2013: $571,815Net Assets 2013: $1,119,6272013Assets 2014: $2,332,918Liabilities 2014: $941,053Net Assets 2014: $1,391,8652014Assets 2015: $2,558,772Liabilities 2015: $4,911,805Net Assets 2015: -$2,353,0332015Assets 2016: $2,402,350Liabilities 2016: $4,704,859Net Assets 2016: -$2,302,5092016Assets 2017: $3,462,147Liabilities 2017: $7,098,588Net Assets 2017: -$3,636,4412017Assets 2018: $15,704,185Liabilities 2018: $21,043,743Net Assets 2018: -$5,339,5582018Assets 2019: $16,534,961Liabilities 2019: $19,109,843Net Assets 2019: -$2,574,8822019Assets 2020: $14,428,744Liabilities 2020: $17,518,281Net Assets 2020: -$3,089,5372020Assets 2021: $14,507,492Liabilities 2021: $18,133,071Net Assets 2021: -$3,625,5792021Assets 2022: $13,994,615Liabilities 2022: $16,007,548Net Assets 2022: -$2,012,9332022Assets 2023: $13,112,809Liabilities 2023: $13,630,027Net Assets 2023: -$517,2182023Assets 2024: $12,237,373Liabilities 2024: $12,173,365Net Assets 2024: $64,0082024

Highlighted filing

2012

Assets$2,541,688
Liabilities$1,542,483
Net Assets$999,205

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $2,765,4022010Revenue 2011: $4,841,131Expenses 2011: $4,665,847Net Income 2011: $175,2842011Expenses 2012: $6,520,6152012Revenue 2013: $7,703,632Expenses 2013: $7,583,210Net Income 2013: $120,4222013Revenue 2014: $8,199,238Expenses 2014: $7,927,000Net Income 2014: $272,2382014Revenue 2015: $8,784,024Expenses 2015: $8,446,057Net Income 2015: $337,9672015Revenue 2016: $9,154,522Expenses 2016: $9,103,998Net Income 2016: $50,5242016Revenue 2017: $13,486,298Expenses 2017: $14,820,230Net Income 2017: -$1,333,9322017Revenue 2018: $15,293,001Expenses 2018: $16,996,118Net Income 2018: -$1,703,1172018Revenue 2019: $15,638,342Expenses 2019: $14,766,085Net Income 2019: $872,2572019Revenue 2020: $15,723,903Expenses 2020: $14,847,390Net Income 2020: $876,5132020Revenue 2021: $16,854,949Expenses 2021: $16,155,916Net Income 2021: $699,0332021Revenue 2022: $19,588,195Expenses 2022: $17,873,239Net Income 2022: $1,714,9562022Revenue 2023: $19,122,111Expenses 2023: $18,485,645Net Income 2023: $636,4662023Revenue 2024: $20,353,519Expenses 2024: $20,049,616Net Income 2024: $303,9032024

Highlighted filing

2012

Revenue-
Expenses$6,520,615
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Apr 23, 2013
Return Version
2011v1.5
Gross Receipts
$6,782,264
Mission and Program Overview

Mission

The mission of Eagle Ridge Academy is to provide our students with a traditional, classical education that demands their best in academic achievement, behavior, and challenges them to attain their highest potential.

Filing and Contact Details

Filer

EIN
73-1673656
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION. THE SCHOOL IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0ADVERTISING FOR STUDENTS IS NOT USED.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVES VARIOUS AIDS THROUGH THE STATE OF MINNESOTA FOR THE PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO ITS STUDENTS.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference1SCHEDULE E, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:
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IRS990ScheduleO/GeneralExplanation/Explanation0EACH PARENT, TEACHER AND STAFF PERSON OF THE SCHOOL HAS ONE VOTE TO ELECT SCHOOL BOARD MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD OF DIRECTORS HAS GRANTED AUTHORITY TO THE DIRECTOR TO REVIEW THE RETURN PRIOR TO FILING. THE 990 IS THEN REVIEWED BY THE BOARD OF DIRECTORS AFTER THE 990 IS SUBMITTED.
IRS990ScheduleO/GeneralExplanation/Explanation2CONFLICT OF INTEREST FORMS ARE FILLED OUT ANNUALLY AND VERIFIED BY THE BOARD AND SCHOOL AUTHORIZOR.
IRS990ScheduleO/GeneralExplanation/Explanation3THE CONTRACTS FOR ALL EMPLOYEES ARE WRITTEN AND APPROVED BY THE SCHOOL BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation4THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES, AND/OR FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ACADEMY.
IRS990ScheduleO/GeneralExplanation/Explanation5PER MN STATUTE 124D.10, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. JESSICA BERGERON, CAROLYN SOMMERS TILLOTSON, DAN WALKER, MARY WOLFF, ANDREW CARLSON, AND SACHA MULLER ARE BOARD MEMBERS, BUT RECEIVE COMPENSATION FOR THEIR SERVICES AS TEACHERS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE FINANCIAL STATEMENTS ARE COMPLETED BY THE INDEPENDENT AUDIT FIRM AND THE FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE BEING ISSUED. THERE IS NO CHANGE FORM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0RELATED BOARD MEMBERS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VII, SECTION A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 2C:
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1022488 CHIPPENDALE AVENUE
IRS990/TheBooksAreInCareOf/AddressUS/City0FARMINGTON
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055024
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10BELTZ KES DARLING & ASSOCIATES
IRS990/TheBooksAreInCareOf/TelephoneNumber06514632233
IRS990/TotalAssets/BOY01696102
IRS990/TotalAssetsBOY01696102
IRS990/TotalAssets/EOY02541688
IRS990/TotalAssetsEOY02541688
IRS990/TotalCompGT150K00
IRS990/TotalContributions06440652
IRS990/TotalExpensesCurrentYear06520615
IRS990/TotalExpensesPriorYear04665847
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0855262
IRS990/TotalFunctionalExpenses/ProgramServices05665353
IRS990/TotalFunctionalExpenses/Total06520615
IRS990/TotalFundrsngExpCurrentYear00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$12.2$0.06$20.4$20.0$0.30
2023Summary only. Only limited summary data is available for this year.$13.1$13.6$0.52$19.1$18.5$0.64
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$16.0$2.01$19.6$17.9$1.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$18.1$3.63$16.9$16.2$0.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$17.5$3.09$15.7$14.8$0.88
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$19.1$2.57$15.6$14.8$0.87
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$21.0$5.34$15.3$17.0$1.70
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$7.10$3.64$13.5$14.8$1.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$4.70$2.30$9.15$9.10$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.56$4.91$2.35$8.78$8.45$0.34
2014Detailed filing. Detailed filing data is available for this year.$2.33$0.94$1.39$8.20$7.93$0.27
2013Summary only. Only limited summary data is available for this year.$1.69$0.57$1.12$7.70$7.58$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$1.54$1.00$6.52
2011Summary only. Only limited summary data is available for this year.$1.70$0.96$0.74$4.84$4.67$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.26$0.56$2.77