Civic Intelligence

Hennepin Elementary School

EIN 80-0514400 • 501(c)3 • Minneapolis, MN

Profile

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.

1001 East 46th StreetMinneapolis, MN 55407

www.hennepinelementaryschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.08x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

2.60x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

20th percentile

-7.7%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$166,204

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

96th percentile

94%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

45th percentile

4.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$22,189,417

Up $16,295,144 (+276%) from 2022

Liabilities

Up

$24,054,501

Up $17,742,600 (+281%) from 2022

Net Assets

Down

-$1,865,084

Down $1,447,456 (-347%) from 2022

Revenue

Up

$9,250,746

Up $843,758 (+10%) from 2022

Expenses

Up

$9,962,850

Up $2,571,819 (+35%) from 2022

Net Income

Down

-$712,104

Down $1,728,061 (-170%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2024

Assets$22,189,417
Liabilities$24,054,501
Net Assets-$1,865,084

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$9,250,746
Expenses$9,962,850
Net Income-$712,104

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$9,250,746
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 schools primary mission is to provide all of its studentswith the knowledge, skills, and character to graduate from highschool, and the confidence to continue on and successfully completetheir post-secondary education. Hennepin schools prepares its

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$16,899,346--
Land, Buildings, and Equipment, Net-$16,664,164-
Cash and Non-Interest-Bearing Accounts$1,683,078$1,811,562▲ $128,484
Savings and Temporary Cash Investments$1,765,622$1,744,852▼ $20,770
Prepaid Expenses and Deferred Charges-$999,825-
Accounts Receivable$1,567,005$969,014▼ $597,991
Rtn Earn Endowment Incm Other Fnds$-2,478,471$-1,865,084▲ $613,387
Total Assets$21,915,051$22,189,417▲ $274,366
Liabilities
Mortgage Notes Payable Secured by Investment Property-$18,620,988-
Other Liabilities$862,189$4,008,910▲ $3,146,721
Accounts Payable and Accrued Expenses$22,875,586$961,326▼ $21,914,260
Deferred Revenue$655,747--
Unsecured Notes Loans Payable-$348,277-
Grants Payable-$115,000-
Total Liabilities$24,393,522$24,054,501▼ $339,021
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,478,471$-1,865,084▲ $613,387
Total Liabilities and Net Assets / Fund Balance$21,915,051$22,189,417▲ $274,366

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,464,164-$16,464,164
Land$200,000-$200,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie HendersonEx Officio Director-$166,204$166,204
Madhi NurDirectorFT$77,250$77,250
John SlavikSecratryFT$66,294$66,294
Christina LacinaTreasurerFT$52,769$52,769

Board Members and Trustees

NameTitle
Charlayne MyersPresident
Kaltun AbdiVice President
Alma IglesiasDirector
Khalid OmarDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,413,604
Program Service Revenue
$3,753,220
Investment Income
$83,922
Other Revenue
$0
Change in Net Assets
$-712,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,962,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$9,319,699--$9,319,699
Other Expenses$643,151--$643,151
Total Functional Expenses$9,962,850$0$0$9,962,850
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
Long Term Liability$4,008,910
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Graduates to live thoughtful and purposeful lives equipped with thetools to engage successfully in their own pursuit of happiness,thereby contributing greatly to the good of their communities and theirfamilies. All students learn the academic and personal skills they needto succeed in higher education, compete in a global economy, and pursuetheir dreams.

Conflict of interest policy compliance Part VI line 12C

The charter school makes its governing documents, policies

CEO executive director top management comp Part VI line 15A

The board has traditionally been very conservative on assigning managementsalary, but this year it is looking at salary averages of variouscomparable schools to make a more informed decision. Goal setting andperformance review, with a 3-5% annual increase allotted in the budget, areconsidered in determining wages of management.

Other officer or key employee compensation Part VI line 15B

The process has not changed from the prior year.

Governing documents etc available to public Part VI line 19

The charter school makes its governing documents, policies, and financialstatements available upon request.

Filing and Contact Details

Filer

Filer Name
Hennepin Schools
EIN
80-0514400
Address
1001 EAST 46TH STREET, MINNEAPOLIS, MN 55407

Signing Officer

Name
Charlayne Myers
Title
President
Phone
9528312272
Signed
2025-05-06
Discuss with paid preparer
No

Organization Details

Formed
2011
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
106

Preparer

Firm
US Financial Advisory & Audit Firm
Address
7300 Metro Blvd STE 560, Minneapolis, MN 55439
Preparer
Ossama Eldahshoury
Phone
9528312272
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

This investment in capital assets includesbuildings and equipment. The following is a schedule of capital assets as of june 30, 2024

List of other fees for services expenses Part IX line 11G

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

Raw XML Appendix363 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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166204
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIE HENDERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EX OFFICIO DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0166204
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRADUATES TO LIVE THOUGHTFUL AND PURPOSEFUL LIVES EQUIPPED WITH THETOOLS TO ENGAGE SUCCESSFULLY IN THEIR OWN PURSUIT OF HAPPINESS,THEREBY CONTRIBUTING GREATLY TO THE GOOD OF THEIR COMMUNITIES AND THEIRFAMILIES. ALL STUDENTS LEARN THE ACADEMIC AND PERSONAL SKILLS THEY NEEDTO SUCCEED IN HIGHER EDUCATION, COMPETE IN A GLOBAL ECONOMY, AND PURSUETHEIR DREAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, POLICIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD HAS TRADITIONALLY BEEN VERY CONSERVATIVE ON ASSIGNING MANAGEMENTSALARY, BUT THIS YEAR IT IS LOOKING AT SALARY AVERAGES OF VARIOUSCOMPARABLE SCHOOLS TO MAKE A MORE INFORMED DECISION. GOAL SETTING ANDPERFORMANCE REVIEW, WITH A 3-5% ANNUAL INCREASE ALLOTTED IN THE BUDGET, ARECONSIDERED IN DETERMINING WAGES OF MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CHARTER SCHOOL MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIALSTATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS INVESTMENT IN CAPITAL ASSETS INCLUDESBUILDINGS AND EQUIPMENT. THE FOLLOWING IS A SCHEDULE OF CAPITAL ASSETS AS OF JUNE 30, 2024
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CHARTER SCHOOL REVIEWS AND SIGNS THE 990 BEFORE IT IS SUBMITTED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0HENNEPIN SCHOOLS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0862439975
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SCHOOL BUILDING LEASING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HENNEPIN SCHOOLS BUILDING COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01001 E 46TH ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd055407
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021915051
IRS990/TotalAssetsEOYAmt022189417
IRS990/TotalAssetsGrp/BOYAmt021915051
IRS990/TotalAssetsGrp/EOYAmt022189417
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt05413604
IRS990/TotalEmployeeCnt0106
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09962850
IRS990/TotalFunctionalExpensesGrp/TotalAmt09962850
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024393522
IRS990/TotalLiabilitiesEOYAmt024054501
IRS990/TotalLiabilitiesGrp/BOYAmt024393522
IRS990/TotalLiabilitiesGrp/EOYAmt024054501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2478471
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1865084
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt09962850
IRS990/TotalProgramServiceRevenueAmt03753220
IRS990/TotalReportableCompFromOrgAmt0362517
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03837142
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09250746
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021915051
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022189417
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0348277
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HENNEPINSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLAYNE MYERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09528312272
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HENNEPIN SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0HENN
ReturnHeader/Filer/EIN0800514400
ReturnHeader/Filer/USAddress/AddressLine1Txt01001 EAST 46TH STREET
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055407
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0US Financial Advisory & Audit Firm
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07300 Metro Blvd STE 560
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055439
ReturnHeader/PreparerPersonGrp/PhoneNum09528312272
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ossama Eldahshoury
ReturnHeader/ReturnTs02025-05-15T20:10:19-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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