Civic Intelligence

Hennepin Schools

990 • Fiscal year 2018 • EIN 80-0514400

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 18, 2019

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

1.07x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.25x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

18th percentile

-10%

Higher net margin than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$146,113

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

42nd percentile

-0.2%

Faster asset growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$7,212,551

Down $16,135 (-0.2%) from 2017

Net Assets

Down

-$525,620

Down $632,673 (-591%) from 2017

Liabilities

Up

$7,738,171

Up $616,538 (+8.7%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin18th percentile

Revenue

Up

$6,181,165

Up $616,728 (+11%) from 2017

Expenses

Up

$6,813,838

Up $914,512 (+16%) from 2017

Net Income

Down

-$632,673

Down $297,784 (-89%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2018

Assets$7,212,551
Liabilities$7,738,171
Net Assets-$525,620
Open 2018 Filing

Operations Trend

Revenue Growth66th 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

2018

Revenue$6,181,165
Expenses$6,813,838
Net Income-$632,673
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 18, 2019
Return Version
2017v2.3
Gross Receipts
$6,181,165
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
Cash and Non-Interest-Bearing Accounts$1,803,449$2,053,444▲ $249,995
Pledges and Grants Receivable$520,444$746,819▲ $226,375
Prepaid Expenses and Deferred Charges$106,870$166,663▲ $59,793
Land, Buildings, and Equipment, Net$30,123$124,838▲ $94,715
Accounts Receivable$2,739$4,534▲ $1,795
Total Assets$7,228,686$7,212,551▼ $16,135
Other Assets Total$4,765,061$4,116,253▼ $648,808
Liabilities
Other Liabilities$6,767,465$7,247,618▲ $480,153
Accounts Payable and Accrued Expenses$354,168$490,553▲ $136,385
Total Liabilities$7,121,633$7,738,171▲ $616,538
Net Assets / Fund Balance
Unrestricted Net Assets$107,053$-525,620▼ $632,673
Total Net Assets Fund Balance$107,053$-525,620▼ $632,673
Total Liabilities and Net Assets / Fund Balance$7,228,686$7,212,551▼ $16,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$124,838$146,086$270,924
Other Assets Org$4,116,253--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie HendersonExecutive DirectorFT$117,500$28,613$146,113
Linda Bladine-HagesethMember and TeacherFT$60,853$10,143$70,996

Board Members and Trustees

NameTitle
William GriffithChairman
Char MyersVice-Chair
Miguel MendezMember
Nekey OliverSecretary
Yusef MohamedTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Billie Bus TransportationStudent Transportation2500 New Brighton Blvd Ste 218, St Anthony, MN 55418$316,144
St Stephen's Catholic ChurchBuilding Lease & Utilities2211 Clinton Ave S, Minneapolis, MN 55404$277,950
Done Right FoodsStudent Food ServicePo Box 21153, Columbia Heights, MN 55421$164,413
Shunaki TechnologiesInformation Technology101 East 10th St Ste 300, Hastings, MN 55033$127,831
Revenue and Support

Revenue Composition

Contributions and Grants
$6,169,186
Program Service Revenue
$3,813
Investment Income
$8,166
Other Revenue
$0
All Other Contributions
$58,795
Change in Net Assets
$-632,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,181,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,181,165
Total Revenue per Form 990
$6,181,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,180,564
Other Expenses$2,633,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,048,529$187,013-$2,235,542
Pension Plan Contributions$1,229,147$97,264-$1,326,411
Fees for Services Other$425,495$122,881-$548,376
Occupancy$461,144$2,460-$463,604
Current Officers, Directors, Trustees, and Key Employees$102,888$191,078-$293,966
Office Expenses$197,462$59,442-$256,904
Payroll Taxes$187,219$9,621-$196,840
Information Technology$24,248$148,126-$172,374
Other Employee Benefits$127,126$679-$127,805
Fees for Services Accounting-$60,120-$60,120
Conferences and Meetings$46,871$493-$47,364
Other Expenses$10,754$6,736-$17,490
Insurance$15,538--$15,538
Depreciation Depletion$15,070--$15,070
Total Functional Expenses$5,902,579$911,259$0$6,813,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,813,838
Total Expenses per Audited Statements$6,813,838
Total Expenses per Form 990$6,813,838
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$6,241,375
Deferred Inflows of Resources- Pension Resources$1,006,243
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 Charter School reviews and signs the 990 before it is submitted.”

Form 990, Part VI, Section B, line 12C

“The policy is reviewed twice per year during the board meeting. The finance manager brings a list of current vendors and the board reviews and discloses potential conflicts of interest, if any, at that time for record in the minutes. They would recluse themselves from any voting of business for those vendors.”

Form 990, Part VI, Section B, line 15

“The board has traditionally been very conservative on assigning management salary, but this year it is looking at salary averages of various comparable schools to make a more informed decision.”

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
Doing Business As
Hennepin Schools

Signing Officer

Name
Julie Henderson
Title
Executive Director
Phone
6132373430
Signed
2019-01-18
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
81
Volunteers
20

Preparer

Firm
Abdo Eick & Meyers LLP
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

“DBA: Hennepin Middle School”

Form 990, Part X, Line 25:

“Pension liabilities, net of pension deferred outflows & inflows: As a charter school in the state of Minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability is reported on the school's statement of net position, the school is not in a position to directly control the liability or the subsequent liquidation of the liability.”

Form 990, Part XII, Line 2C:

“The 990 process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.”

Raw XML AppendixShowing 400 of 447 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/Desc0Hennepin Elementary School completed its sixth year serving students on June 30, 2018. Hennepin Elementary School served 381 students in grades K-6. The school serves a wide range of diverse families from middle class to low socio-economic status. We are 94% free and reduced price lunch and 69% English language learners. The racial/ethnic demographics are as follows: 89% percent Black, 10% percent Latino, and 1% White, as per the MDE website.
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IRS990/Form990PartVIISectionAGrp/PersonNm3Nekey Oliver
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Director
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0124838
IRS990/LandBldgEquipCostOrOtherBssAmt0270924
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Hennepin 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0107053
IRS990/NetAssetsOrFundBalancesEOYAmt0-525620
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02460
IRS990/OccupancyGrp/ProgramServicesAmt0461144
IRS990/OccupancyGrp/TotalAmt0463604
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt059442
IRS990/OfficeExpensesGrp/ProgramServicesAmt0197462
IRS990/OfficeExpensesGrp/TotalAmt0256904
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04765061
IRS990/OtherAssetsTotalGrp/EOYAmt04116253
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0679
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0127126
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0127805
IRS990/OtherExpensesGrp/Desc0Student Transportation
IRS990/OtherExpensesGrp/Desc1Food Service
IRS990/OtherExpensesGrp/Desc2Dues and Memberships
IRS990/OtherExpensesGrp/Desc3Equipment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025346
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16736
IRS990/OtherExpensesGrp/ProgramServicesAmt0677490
IRS990/OtherExpensesGrp/ProgramServicesAmt1331797
IRS990/OtherExpensesGrp/ProgramServicesAmt21801
IRS990/OtherExpensesGrp/ProgramServicesAmt310754
IRS990/OtherExpensesGrp/TotalAmt0677490
IRS990/OtherExpensesGrp/TotalAmt1331797
IRS990/OtherExpensesGrp/TotalAmt227147
IRS990/OtherExpensesGrp/TotalAmt317490
IRS990/OtherLiabilitiesGrp/BOYAmt06767465
IRS990/OtherLiabilitiesGrp/EOYAmt07247618
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0187013
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02048529
IRS990/OtherSalariesAndWagesGrp/TotalAmt02235542
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09621
IRS990/PayrollTaxesGrp/ProgramServicesAmt0187219
IRS990/PayrollTaxesGrp/TotalAmt0196840
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt097264
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01229147
IRS990/PensionPlanContributionsGrp/TotalAmt01326411
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0520444
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0746819
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0106870
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0166663
IRS990/PrincipalOfficerNm0Julie Henderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Student Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03813
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05557013
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01788
IRS990/PYOtherExpensesAmt02347441
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05636
IRS990/PYRevenuesLessExpensesAmt0-334889
IRS990/PYSalariesCompEmpBnftPaidAmt03551885
IRS990/PYTotalExpensesAmt05899326
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05564437
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-632673
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03813
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0124838
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146086
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0270924
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06813838
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04116253
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources- Pension Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06241375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11006243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources- Pension Resources
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06181165
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0124838
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04116253
IRS990ScheduleD/TotalExpensesPerForm990Amt06813838
IRS990ScheduleD/TotalLiabilityAmt07247618
IRS990ScheduleD/TotalRevenuePerForm990Amt06181165
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06181165
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06813838
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/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DBA: Hennepin Middle School
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Charter School reviews and signs the 990 before it is submitted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The policy is reviewed twice per year during the board meeting. The finance manager brings a list of current vendors and the board reviews and discloses potential conflicts of interest, if any, at that time for record in the minutes. They would recluse themselves from any voting of business for those vendors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board has traditionally been very conservative on assigning management salary, but this year it is looking at salary averages of various comparable schools to make a more informed decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Charter School makes its governing documents, policies, and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Pension liabilities, net of pension deferred outflows & inflows: As a charter school in the state of Minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability is reported on the school's statement of net position, the school is not in a position to directly control the liability or the subsequent liquidation of the liability.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 990 process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Item C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part X, Line 25:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07228686
IRS990/TotalAssetsEOYAmt07212551
IRS990/TotalAssetsGrp/BOYAmt07228686
IRS990/TotalAssetsGrp/EOYAmt07212551
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06169186
IRS990/TotalEmployeeCnt081
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0911259
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05902579
IRS990/TotalFunctionalExpensesGrp/TotalAmt06813838
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07121633
IRS990/TotalLiabilitiesEOYAmt07738171
IRS990/TotalLiabilitiesGrp/BOYAmt07121633
IRS990/TotalLiabilitiesGrp/EOYAmt07738171
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0107053
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-525620
IRS990/TotalOtherCompensationAmt038756
IRS990/TotalProgramServiceExpensesAmt05902579
IRS990/TotalProgramServiceRevenueAmt03813
IRS990/TotalReportableCompFromOrgAmt0178353
IRS990/TotalRevenueGrp/ExclusionAmt08166
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03813
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06181165
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07228686
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07212551
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,212,551
Liabilities
$7,738,171
Net assets
-$525,620
Revenue
$6,181,165
Expenses
$6,813,838
Net income
-$632,673
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