Civic Intelligence

Hennepin Schools

990 • Fiscal year 2015 • EIN 80-0514400

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 09, 2015

Organization ProfileWWW.HENNEPINELEMENTARYSCHOOL.ORG
2123 Clinton Ave SMinneapolis, MN 55404

(612) 237-3430

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.15x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.40x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

64th percentile

7.9%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$117,129

Higher top officer pay than 76% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

96th percentile

116%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

36%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$1,376,457

Up $739,936 (+116%) from 2014

Net Assets

Down

-$207,392

Down $535,965 (-163%) from 2014

Liabilities

Up

$1,583,849

Up $1,275,901 (+414%) from 2014

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin64th percentile

Revenue

Up

$3,931,958

Up $1,048,350 (+36%) from 2014

Expenses

Up

$3,619,908

Up $880,936 (+32%) from 2014

Net Income

Up

$312,050

Up $167,414 (+116%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30M$20M$10M$0-$10MAssets 2012: $254,809Liabilities 2012: $240,256Net Assets 2012: $14,5532012Assets 2013: $516,125Liabilities 2013: $332,188Net Assets 2013: $183,9372013Assets 2014: $636,521Liabilities 2014: $307,948Net Assets 2014: $328,5732014Assets 2015: $1,376,457Liabilities 2015: $1,583,849Net Assets 2015: -$207,3922015Assets 2016: $2,483,436Liabilities 2016: $2,041,494Net Assets 2016: $441,9422016Assets 2017: $7,228,686Liabilities 2017: $7,121,633Net Assets 2017: $107,0532017Assets 2018: $7,212,551Liabilities 2018: $7,738,171Net Assets 2018: -$525,6202018Assets 2019: $7,330,306Liabilities 2019: $7,365,963Net Assets 2019: -$35,6572019Assets 2020: $6,409,585Liabilities 2020: $7,281,817Net Assets 2020: -$872,2322020Assets 2021: $6,236,590Liabilities 2021: $7,683,224Net Assets 2021: -$1,446,6342021Assets 2022: $5,894,273Liabilities 2022: $6,311,901Net Assets 2022: -$417,6282022Assets 2024: $22,189,417Liabilities 2024: $24,054,501Net Assets 2024: -$1,865,0842024

Highlighted filing

2015

Assets$1,376,457
Liabilities$1,583,849
Net Assets-$207,392
Open 2015 Filing

Operations Trend

Revenue Growth85th percentile

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

$10M$5.0M$0-$5.0MRevenue 2012: $220,269Expenses 2012: $205,716Net Income 2012: $14,5532012Revenue 2013: $2,103,107Expenses 2013: $1,933,723Net Income 2013: $169,3842013Revenue 2014: $2,883,608Expenses 2014: $2,738,972Net Income 2014: $144,6362014Revenue 2015: $3,931,958Expenses 2015: $3,619,908Net Income 2015: $312,0502015Revenue 2016: $4,914,105Expenses 2016: $4,264,771Net Income 2016: $649,3342016Revenue 2017: $5,564,437Expenses 2017: $5,899,326Net Income 2017: -$334,8892017Revenue 2018: $6,181,165Expenses 2018: $6,813,838Net Income 2018: -$632,6732018Revenue 2019: $7,757,119Expenses 2019: $7,267,156Net Income 2019: $489,9632019Revenue 2020: $7,588,845Expenses 2020: $8,425,420Net Income 2020: -$836,5752020Revenue 2021: $7,412,922Expenses 2021: $7,987,324Net Income 2021: -$574,4022021Revenue 2022: $8,406,988Expenses 2022: $7,391,031Net Income 2022: $1,015,9572022Revenue 2024: $9,250,746Expenses 2024: $9,962,850Net Income 2024: -$712,1042024

Highlighted filing

2015

Revenue$3,931,958
Expenses$3,619,908
Net Income$312,050
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$3,931,958
Mission and Program Overview

Mission

Hennepin Elementary School's primary mission is to provide all of its students with the knowledge, skills, and character to graduate from high school, and the confidence to continue on and successfully complete their post-secondary education. Hennepin Schools prepares its graduates to live thoughtful and purposeful lives equipped with the tools to engage successfully in their own "pursuit of happiness," thereby contributing greatly to the good of their communities and their families. All students learn the academic and personal skills they need to succeed in higher education, compete in a global economy, and pursue their dreams.

Hennepin elementary school's primary mission is to provide all of its students with the knowledge, skills, and character to graduate from high school, and the confidence to continue on and successfully complete their post-secondary education. The school prepares its graduates to live thoughtful and purposeful lives equipped with the tools to engage successfully in their own "pursuit of happiness," thereby contributing greatly to the good of their communities and their families. All students learn the academic and personal skills they need to succeed in higher education, compete in a global economy, and pursue their dreams.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$360,273$386,158▲ $25,885
Cash and Non-Interest-Bearing Accounts$102,953$324,087▲ $221,134
Land, Buildings, and Equipment, Net$92,690$72,751▼ $19,939
Prepaid Expenses and Deferred Charges$61,368$49,901▼ $11,467
Accounts Receivable$19,237$13,056▼ $6,181
Total Assets$636,521$1,376,457▲ $739,936
Other Assets Total$0$530,504▲ $530,504
Liabilities
Other Liabilities$0$1,400,372▲ $1,400,372
Accounts Payable and Accrued Expenses$255,448$183,477▼ $71,971
Mortgage Notes Payable Secured by Investment Property$50,000--
Deferred Revenue$2,500--
Total Liabilities$307,948$1,583,849▲ $1,275,901
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$17,442-
Unrestricted Net Assets$328,573$-224,834▼ $553,407
Total Net Assets Fund Balance$328,573$-207,392▼ $535,965
Total Liabilities and Net Assets / Fund Balance$636,521$1,376,457▲ $739,936

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,751$72,398$145,149
Other Assets Org$530,504--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie HendersonExecutive DirectorFT$98,681$18,448$117,129
Maggie RockMemberFT$35,058$9,712$44,770

Board Members and Trustees

NameTitle
William GriffithChair
Leon CooperVice Chair
Yusef a MohamedMember
Jan PepelnjakSecretary
Matt MayerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Monarch Bus CompanyBus Transportation101 EAST 10TH STREET STE 300, Hastings, MN 55033$349,918
Done Right FoodsFood ServicePO BOX 21153, Columbia Heights, MN 55421$228,667
Revenue and Support

Revenue Composition

Contributions and Grants
$3,930,435
Program Service Revenue
$1,295
Investment Income
$228
Other Revenue
$0
All Other Contributions
$50,922
Change in Net Assets
$312,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,931,958
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,931,958
Total Revenue per Form 990
$3,931,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,849,590
Salaries, Compensation, and Employee Benefits$1,770,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,275,771$71,196-$1,346,967
Fees for Services Other$383,533$156,481-$540,014
Occupancy$386,422$1,891-$388,313
Travel$367,698--$367,698
Office Expenses$157,424$21,198-$178,622
Pension Plan Contributions$109,329$18,473-$127,802
Current Officers, Directors, Trustees, and Key Employees-$117,128-$117,128
Payroll Taxes$102,111$14,346-$116,457
Other Employee Benefits$58,045$3,919-$61,964
Depreciation Depletion$28,462--$28,462
Information Technology$11,266$2,602-$13,868
Conferences and Meetings$11,349$1,184-$12,533
Insurance$11,509--$11,509
Interest$201--$201
Other Expenses$28,173$13-$13
Total Functional Expenses$3,176,458$443,450$0$3,619,908

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,619,908
Total Expenses per Audited Statements$3,619,908
Total Expenses per Form 990$3,619,908
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
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$1,073,786
Deferred Inflows of Resources - Pension Resources$326,586
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 11

“The charter school reviews and signs the 990 before it is submitted.”

Form 990, Part VI, Section B, Line 15

“The board determined the compensation for the charter school director based on comparable salaries for charter school directors.”

Form 990, Part VI, Section C, Line 19

“The charter school makes its governing documents, policies, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Hennepin Elementary School
EIN
80-0514400
Phone
6122373430
Address
2123 CLINTON AVE S, MINNEAPOLIS, MN 55404

Signing Officer

Name
Julie Henderson
Title
Executive Director
Phone
6132373430
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Henderson
Formed
2011
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
58
Volunteers
25

Preparer

Firm
Abdo Eick & Meyers Llp
Address
5201 EDEN AVENUE SUITE 250, EDINA, MN 55436
Preparer
Kevin F Kalal CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Utilities: program service expenses 91,546. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,546. Consulting: program service expenses 196,300. Management and general expenses 123,097. Fundraising expenses 0. Total expenses 319,397. Other: program service expenses 95,687. Management and general expenses 33,384. Fundraising expenses 0. Total expenses 129,071.”

FORM 990, PAGE 12, PART XII, LINE 2C:

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant. The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“During the fiscal year ended june 30, 2015, the organization had not incurred any interest or penalties on its tax return. The organization's tax returns are subject to possible examination by the taxing authorities. For federal tax purposes the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed.”

Raw XML AppendixShowing 400 of 433 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/ActivityOrMissionDesc0HENNEPIN ELEMENTARY SCHOOL'S PRIMARY MISSION IS TO PROVIDE ALL OF ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, AND CHARACTER TO GRADUATE FROM HIGH SCHOOL, AND THE CONFIDENCE TO CONTINUE ON AND SUCCESSFULLY COMPLETE THEIR POST-SECONDARY EDUCATION. THE SCHOOL PREPARES ITS GRADUATES TO LIVE THOUGHTFUL AND PURPOSEFUL LIVES EQUIPPED WITH THE TOOLS TO ENGAGE SUCCESSFULLY IN THEIR OWN "PURSUIT OF HAPPINESS," THEREBY CONTRIBUTING GREATLY TO THE GOOD OF THEIR COMMUNITIES AND THEIR FAMILIES. ALL STUDENTS LEARN THE ACADEMIC AND PERSONAL SKILLS THEY NEED TO SUCCEED IN HIGHER EDUCATION, COMPETE IN A GLOBAL ECONOMY, AND PURSUE THEIR DREAMS.
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IRS990/Desc0HENNEPIN ELEMENTARY SCHOOL IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRS. THE ORGANIZATION IS NOT OPERATED FOR PROFIT BUT SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. HENNEPIN ELEMENTARY SCHOOL COMPLETED ITS THIRD YEAR SERVING STUDENTS ON JUNE 30, 2015. HENNEPIN ELEMENTARY SCHOOL SERVED 251 STUDENTS IN GRADES K-4. THE SCHOOL SERVES A WIDE RANGE OF DIVERSE FAMILIES FROM MIDDLE CLASS TO LOW SOCIO-ECONOMIC STATUS. WE ARE 97% FREE AND REDUCED PRICE LUNCH AND 84% ENGLISH LANGUAGE LEARNERS. THE RACIAL/ETHNIC DEMOGRAPHICS ARE AS FOLLOWS: 53% PERCENT SOMALI, 29% PERCENT LATINO, 15% AFRICAN AMERICAN, AND 3% WHITE.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01891
IRS990/OccupancyGrp/ProgramServicesAmt0386422
IRS990/OccupancyGrp/TotalAmt0388313
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021198
IRS990/OfficeExpensesGrp/ProgramServicesAmt0157424
IRS990/OfficeExpensesGrp/TotalAmt0178622
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0530504
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03919
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058045
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061964
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128861
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26158
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt313
IRS990/OtherExpensesGrp/ProgramServicesAmt0236004
IRS990/OtherExpensesGrp/ProgramServicesAmt19161
IRS990/OtherExpensesGrp/ProgramServicesAmt228173
IRS990/OtherExpensesGrp/TotalAmt0236004
IRS990/OtherExpensesGrp/TotalAmt138022
IRS990/OtherExpensesGrp/TotalAmt234331
IRS990/OtherExpensesGrp/TotalAmt313
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01400372
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071196
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01275771
IRS990/OtherSalariesAndWagesGrp/TotalAmt01346967
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014346
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102111
IRS990/PayrollTaxesGrp/TotalAmt0116457
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018473
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0109329
IRS990/PensionPlanContributionsGrp/TotalAmt0127802
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0360273
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0386158
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061368
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049901
IRS990/PrincipalOfficerNm0JULIE HENDERSON
IRS990/PriorPeriodAdjustmentsAmt0-848015
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SALES TO PUPILS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01295
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01295
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02882373
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt095
IRS990/PYOtherExpensesAmt01316157
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01140
IRS990/PYRevenuesLessExpensesAmt0144636
IRS990/PYSalariesCompEmpBnftPaidAmt01422815
IRS990/PYTotalExpensesAmt02738972
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02883608
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0312050
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01295
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt072751
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072398
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0145149
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03619908
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0530504
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES - PENSION RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01073786
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1326586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES - PENSION RESOURCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03931958
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DURING THE FISCAL YEAR ENDED JUNE 30, 2015, THE ORGANIZATION HAD NOT INCURRED ANY INTEREST OR PENALTIES ON ITS TAX RETURN. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. FOR FEDERAL TAX PURPOSES THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072751
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0530504
IRS990ScheduleD/TotalExpensesPerForm990Amt03619908
IRS990ScheduleD/TotalLiabilityAmt01400372
IRS990ScheduleD/TotalRevenuePerForm990Amt03931958
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03931958
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03619908
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/ExplanationTxt0THE POLICY IS COMMUNICATED IN ALL SOLICITATION AND REGISTRATION MATERIALS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES ASSISTANCE FROM FEDERAL AND STATE SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A PUBLIC CHARTER SCHOOL, HENNEPIN ELEMENTARY IS REQUIRED TO PARTICIPATE IN THE STATEWIDE PUBLIC EMPLOYEES PENSION PLANS. DURING THE CURRENT REPORTING PERIOD THE CHARTER SCHOOL HAD AN ACCOUNTING CHANGE FOR THE IMPLEMENTATION OF GASB 68 TO RECORD THE CHARTER SCHOOLS PORTION OF THE NET LIABILITIES FOR THE STATE PUBLIC EMPLOYEE PENSION PLANS. THE TOTAL NET PENSION LIABILITY FOR HENNEPIN ELEMENTARY SCHOOL IS $1,073,786. THE CHARTER SCHOOL IS REPORTING A DEFICIT NET POSITION BECAUSE OF THIS CHANGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SUPPLEMENTARY INFORMATION
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL REVIEWS AND SIGNS THE 990 BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD DETERMINED THE COMPENSATION FOR THE CHARTER SCHOOL DIRECTOR BASED ON COMPARABLE SALARIES FOR CHARTER SCHOOL DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UTILITIES: PROGRAM SERVICE EXPENSES 91,546. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,546. CONSULTING: PROGRAM SERVICE EXPENSES 196,300. MANAGEMENT AND GENERAL EXPENSES 123,097. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 319,397. OTHER: PROGRAM SERVICE EXPENSES 95,687. MANAGEMENT AND GENERAL EXPENSES 33,384. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,071.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt017442
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0636521
IRS990/TotalAssetsEOYAmt01376457
IRS990/TotalAssetsGrp/BOYAmt0636521
IRS990/TotalAssetsGrp/EOYAmt01376457
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03930435
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0443450
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03176458
IRS990/TotalFunctionalExpensesGrp/TotalAmt03619908
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0307948
IRS990/TotalLiabilitiesEOYAmt01583849
IRS990/TotalLiabilitiesGrp/BOYAmt0307948
IRS990/TotalLiabilitiesGrp/EOYAmt01583849
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0328573
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-207392
IRS990/TotalOtherCompensationAmt028160
IRS990/TotalProgramServiceExpensesAmt03176458
IRS990/TotalProgramServiceRevenueAmt01295
IRS990/TotalReportableCompFromOrgAmt0133739
IRS990/TotalRevenueGrp/ExclusionAmt0228
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01295
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03931958
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0636521
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01376457
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0367698
IRS990/TravelGrp/TotalAmt0367698
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0328573
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-224834
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02123 CLINTON AVENUE SOUTH
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,376,457
Liabilities
$1,583,849
Net assets
-$207,392
Revenue
$3,931,958
Expenses
$3,619,908
Net income
$312,050
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.2$24.1$1.87$9.25$9.96$0.71
2022Detailed filing. Detailed filing data is available for this year.$5.89$6.31$0.42$8.41$7.39$1.02
2021Summary only. Only limited summary data is available for this year.$6.24$7.68$1.45$7.41$7.99$0.57
2020Detailed filing. Detailed filing data is available for this year.$6.41$7.28$0.87$7.59$8.43$0.84
2019Detailed filing. Detailed filing data is available for this year.$7.33$7.37$0.04$7.76$7.27$0.49
2018Detailed filing. Detailed filing data is available for this year.$7.21$7.74$0.53$6.18$6.81$0.63
2017Detailed filing. Detailed filing data is available for this year.$7.23$7.12$0.11$5.56$5.90$0.33
2016Detailed filing. Detailed filing data is available for this year.$2.48$2.04$0.44$4.91$4.26$0.65
2015Detailed filing. Detailed filing data is available for this year.$1.38$1.58$0.21$3.93$3.62$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.31$0.33$2.88$2.74$0.14
2013Summary only. Only limited summary data is available for this year.$0.52$0.33$0.18$2.10$1.93$0.17
2012Summary only. Only limited summary data is available for this year.$0.25$0.24$0.01$0.22$0.21$0.01