Civic Intelligence

Hennepin Schools

990 • Fiscal year 2020 • EIN 80-0514400

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 13, 2021

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

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.96x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$168,626

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-2.2%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$6,409,585

Down $920,721 (-13%) from 2019

Net Assets

Down

-$872,232

Down $836,575 (-2346%) from 2019

Liabilities

Down

$7,281,817

Down $84,146 (-1.1%) from 2019

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin19th percentile

Revenue

Down

$7,588,845

Down $168,274 (-2.2%) from 2019

Expenses

Up

$8,425,420

Up $1,158,264 (+16%) from 2019

Net Income

Down

-$836,575

Down $1,326,538 (-271%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2020

Assets$6,409,585
Liabilities$7,281,817
Net Assets-$872,232
Open 2020 Filing

Operations Trend

Revenue Growth40th 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

2020

Revenue$7,588,845
Expenses$8,425,420
Net Income-$836,575
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 13, 2021
Return Version
2019v5.2
Gross Receipts
$7,588,845
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$1,975,318$1,647,762▼ $327,556
Pledges and Grants Receivable$785,858$1,021,665▲ $235,807
Prepaid Expenses and Deferred Charges$123,546$148,683▲ $25,137
Land, Buildings, and Equipment, Net$132,809$128,283▼ $4,526
Accounts Receivable$32,408$15,958▼ $16,450
Total Assets$7,330,306$6,409,585▼ $920,721
Other Assets Total$4,280,367$3,447,234▼ $833,133
Liabilities
Other Liabilities$6,827,343$6,671,908▼ $155,435
Accounts Payable and Accrued Expenses$538,620$609,909▲ $71,289
Total Liabilities$7,365,963$7,281,817▼ $84,146
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-35,657$-872,232▼ $836,575
Total Net Assets Fund Balance$-35,657$-872,232▼ $836,575
Total Liabilities and Net Assets / Fund Balance$7,330,306$6,409,585▼ $920,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$128,283$171,128$299,411
Other Assets Org$3,447,234--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie HendersonExecutive DirectorFT$152,869$15,757$168,626
John SlavikSecretary and TeacherFT$50,161$9,418$59,579
Christina LacinaMember and TeacherFT$14,913$1,181$16,094

Board Members and Trustees

NameTitle
Charlayne MyersPresident
Miguel MendezVice-President
Alma IglesiasMember
Fardowsa JamaMember
Jeffrey RaineyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Billie Bus TransportationTransportation2500 New Brighton Blvd Ste 218, St Anthony, MN 55418$783,289
St Stephen's Catholic ChurchBuilding Lease2211 Clinton Ave S, Minneapolis, MN 55404$623,508
Done Right FoodsFood ServicePo Box 21153, Columbia Heights, MN 55421$336,986
PeipHealth Insurance658 Cedar St Suite 400, St Paul, MN 55155$228,717
Shunaki TechnologiesIt101 East 10th St Ste 300, Hastings, MN 55033$222,701
Revenue and Support

Revenue Composition

Contributions and Grants
$7,556,017
Program Service Revenue
$4,301
Investment Income
$9,123
Other Revenue
$19,404
All Other Contributions
$138,481
Change in Net Assets
$-836,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,588,845
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,588,845
Total Revenue per Form 990
$7,588,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,881,373
Other Expenses$3,544,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,640,026$472,089-$3,112,115
Pension Plan Contributions$849,388$152,499-$1,001,887
Travel$925,841--$925,841
Occupancy$652,721$1,357-$654,078
Fees for Services Other$445,576$157,225-$602,801
Office Expenses$471,746$53,399-$525,145
Payroll Taxes$224,350$48,843-$273,193
Current Officers, Directors, Trustees, and Key Employees$86,601$160,829-$247,430
Other Employee Benefits$194,079$52,669-$246,748
Information Technology$226,563$12,704-$239,267
Fees for Services Accounting-$63,168-$63,168
Conferences and Meetings$37,635$898-$38,533
Other Expenses$590$26,385-$26,975
Insurance$20,304--$20,304
Depreciation Depletion$10,626--$10,626
Total Functional Expenses$7,202,176$1,223,244$0$8,425,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,425,420
Total Expenses per Audited Statements$8,425,420
Total Expenses per Form 990$8,425,420
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$3,398,435
Deferred Inflows of Resources- Pension Resources$3,273,473
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 35% controlled entity
No
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. Goal setting and performance review, with a 3-5% annual increase allotted in the budget, are considered in determining wages of management.”

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
2021-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Henderson
Formed
2011
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
120
Volunteers
5

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 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, 2020, 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 498 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 Schools completed its eighth year serving students on June 30, 2020. Hennepin Elementary School served 394 students in grades K-8. The school serves a wide range of diverse families from middle class to low socio-economic status. We are 98% free and reduced price lunch and 64% English language learners. The racial/ethnic demographics are as follows: 91% Black, 8% Latino, and 1% White, as per the MDE website.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Charlayne Myers
IRS990/Form990PartVIISectionAGrp/PersonNm2Miguel Mendez
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeffrey Rainey
IRS990/Form990PartVIISectionAGrp/PersonNm4John Slavik
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IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary and Teacher
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt07417536
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07588845
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012704
IRS990/InformationTechnologyGrp/ProgramServicesAmt0226563
IRS990/InformationTechnologyGrp/TotalAmt0239267
IRS990/InsuranceGrp/ProgramServicesAmt020304
IRS990/InsuranceGrp/TotalAmt020304
IRS990/InvestmentIncomeGrp/ExclusionAmt09123
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09123
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0171128
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0132809
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0128283
IRS990/LandBldgEquipCostOrOtherBssAmt0299411
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/NetAssetsOrFundBalancesBOYAmt0-35657
IRS990/NetAssetsOrFundBalancesEOYAmt0-872232
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-35657
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-872232
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01357
IRS990/OccupancyGrp/ProgramServicesAmt0652721
IRS990/OccupancyGrp/TotalAmt0654078
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt053399
IRS990/OfficeExpensesGrp/ProgramServicesAmt0471746
IRS990/OfficeExpensesGrp/TotalAmt0525145
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04280367
IRS990/OtherAssetsTotalGrp/EOYAmt03447234
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt052669
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0194079
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0246748
IRS990/OtherExpensesGrp/Desc0Food Service
IRS990/OtherExpensesGrp/Desc1Equipment
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Dues and Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017477
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13702
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt226385
IRS990/OtherExpensesGrp/ProgramServicesAmt0359224
IRS990/OtherExpensesGrp/ProgramServicesAmt129019
IRS990/OtherExpensesGrp/ProgramServicesAmt227887
IRS990/OtherExpensesGrp/ProgramServicesAmt3590
IRS990/OtherExpensesGrp/TotalAmt0376701
IRS990/OtherExpensesGrp/TotalAmt132721
IRS990/OtherExpensesGrp/TotalAmt227887
IRS990/OtherExpensesGrp/TotalAmt326975
IRS990/OtherLiabilitiesGrp/BOYAmt06827343
IRS990/OtherLiabilitiesGrp/EOYAmt06671908
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Pension
IRS990/OtherRevenueMiscGrp/ExclusionAmt019404
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019404
IRS990/OtherRevenueTotalAmt019404
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0472089
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02640026
IRS990/OtherSalariesAndWagesGrp/TotalAmt03112115
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048843
IRS990/PayrollTaxesGrp/ProgramServicesAmt0224350
IRS990/PayrollTaxesGrp/TotalAmt0273193
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0152499
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0849388
IRS990/PensionPlanContributionsGrp/TotalAmt01001887
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0785858
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01021665
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0123546
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0148683
IRS990/PrincipalOfficerNm0Julie Henderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Student Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04301
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04301
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07152770
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015358
IRS990/PYOtherExpensesAmt03364910
IRS990/PYOtherRevenueAmt0584766
IRS990/PYProgramServiceRevenueAmt04225
IRS990/PYRevenuesLessExpensesAmt0489963
IRS990/PYSalariesCompEmpBnftPaidAmt03902246
IRS990/PYTotalExpensesAmt07267156
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07757119
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-836575
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04301
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/BookValueAmt0128283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0171128
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299411
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08425420
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03447234
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources- Pension Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03398435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13273473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources- Pension Resources
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07588845
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, 2020, 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/TotalBookValueLandBuildingsAmt0128283
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03447234
IRS990ScheduleD/TotalExpensesPerForm990Amt08425420
IRS990ScheduleD/TotalLiabilityAmt06671908
IRS990ScheduleD/TotalRevenuePerForm990Amt07588845
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07588845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08425420
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152869
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015757
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Julie Henderson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0168626
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,409,585
Liabilities
$7,281,817
Net assets
-$872,232
Revenue
$7,588,845
Expenses
$8,425,420
Net income
-$836,575
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