Civic Intelligence

Prodeo Academy Charter School #4213

990 • Fiscal year 2017 • EIN 80-0743744

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 17, 2018

Organization ProfilePRODEOACADEMY.ORG
1555 40th Ave NEMinneapolis, MN 55421

(763) 788-9653

Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.90x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

30th percentile

-2.3%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$122,942

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

98th percentile

253%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

61%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$5,249,281

Up $3,763,663 (+253%) from 2016

Net Assets

Down

$443,104

Down $121,572 (-22%) from 2016

Liabilities

Up

$4,806,177

Up $3,885,235 (+422%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin30th percentile

Revenue

Up

$5,351,880

Up $2,029,973 (+61%) from 2016

Expenses

Up

$5,473,452

Up $2,290,509 (+72%) from 2016

Net Income

Down

-$121,572

Down $260,536 (-187%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$20M$10M$0-$10MAssets 2013: $125,786Liabilities 2013: $107,689Net Assets 2013: $18,0972013Assets 2014: $342,960Liabilities 2014: $32,433Net Assets 2014: $310,5272014Assets 2015: $1,031,772Liabilities 2015: $606,060Net Assets 2015: $425,7122015Assets 2016: $1,485,618Liabilities 2016: $920,942Net Assets 2016: $564,6762016Assets 2017: $5,249,281Liabilities 2017: $4,806,177Net Assets 2017: $443,1042017Assets 2018: $7,208,132Liabilities 2018: $7,822,239Net Assets 2018: -$614,1072018Assets 2019: $7,910,743Liabilities 2019: $8,633,385Net Assets 2019: -$722,6422019Assets 2020: $7,710,842Liabilities 2020: $9,192,891Net Assets 2020: -$1,482,0492020Assets 2021: $7,923,634Liabilities 2021: $10,316,948Net Assets 2021: -$2,393,3142021Assets 2022: $10,823,129Liabilities 2022: $13,842,446Net Assets 2022: -$3,019,3172022Assets 2023: $10,301,879Liabilities 2023: $15,595,835Net Assets 2023: -$5,293,9562023Assets 2024: $10,903,090Liabilities 2024: $17,089,410Net Assets 2024: -$6,186,3202024

Highlighted filing

2017

Assets$5,249,281
Liabilities$4,806,177
Net Assets$443,104
Open 2017 Filing

Operations Trend

Revenue Growth89th percentile

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

$30M$20M$10M$0-$10MRevenue 2013: $285,782Expenses 2013: $267,685Net Income 2013: $18,0972013Revenue 2014: $1,324,093Expenses 2014: $1,031,663Net Income 2014: $292,4302014Revenue 2015: $2,006,447Expenses 2015: $1,790,042Net Income 2015: $216,4052015Revenue 2016: $3,321,907Expenses 2016: $3,182,943Net Income 2016: $138,9642016Revenue 2017: $5,351,880Expenses 2017: $5,473,452Net Income 2017: -$121,5722017Revenue 2018: $8,238,203Expenses 2018: $9,295,414Net Income 2018: -$1,057,2112018Revenue 2019: $10,519,570Expenses 2019: $10,874,466Net Income 2019: -$354,8962019Revenue 2020: $12,396,803Expenses 2020: $12,207,368Net Income 2020: $189,4352020Revenue 2021: $13,232,357Expenses 2021: $12,806,093Net Income 2021: $426,2642021Revenue 2022: $16,145,303Expenses 2022: $16,279,193Net Income 2022: -$133,8902022Revenue 2023: $18,580,713Expenses 2023: $19,482,085Net Income 2023: -$901,3722023Revenue 2024: $23,533,334Expenses 2024: $23,197,237Net Income 2024: $336,0972024

Highlighted filing

2017

Revenue$5,351,880
Expenses$5,473,452
Net Income-$121,572
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 17, 2018
Return Version
2016v3.0
Gross Receipts
$5,351,880
Mission and Program Overview

Mission

SEE PART I, LINE 1

Prodeo academy is a college preparatory school that prepares students to be critical thinkers and intelligent leaders, expanding their opportunities to contribute positively and productively to society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$424,140$800,727▲ $376,587
Cash and Non-Interest-Bearing Accounts$277,462$498,595▲ $221,133
Cap Stk Tr Prin Current Funds$508,729$392,781▼ $115,948
Prepaid Expenses and Deferred Charges$21,168$193,885▲ $172,717
Savings and Temporary Cash Investments$118,468$118,705▲ $237
Land, Buildings, and Equipment, Net$55,947$50,323▼ $5,624
Pd in Cap Srpls Land Bldg Eqp Fund$55,947$50,323▼ $5,624
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,485,618$5,249,281▲ $3,763,663
Other Assets Total$588,433$3,587,046▲ $2,998,613
Liabilities
Other Liabilities$777,482$4,456,241▲ $3,678,759
Accounts Payable and Accrued Expenses$143,460$349,936▲ $206,476
Total Liabilities$920,942$4,806,177▲ $3,885,235
Net Assets / Fund Balance
Total Net Assets Fund Balance$564,676$443,104▼ $121,572
Total Liabilities and Net Assets / Fund Balance$1,485,618$5,249,281▲ $3,763,663

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$50,323$19,412$69,735
Other Assets Org$3,587,046--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chancey AndersonMember/staff (partial Year)FT$103,750$19,192$122,942
Richard CampionExecutive DirectorFT$104,294$17,130$121,424
Skye HoekstraMember/teacher (partial Year)FT$46,829$10,076$56,905
Emily JonesMember/teacherFT$20,331$6,019$26,350
Ahmisa CuadrosMember/staff (partial Year)FT$15,507$3,851$19,358

Board Members and Trustees

NameTitle
Maggie SkrypekChairperson
Jim HornMember
Rachel NelsonMember
Doug JaegerMember (partial Year)
Mark ChronisterMember (partial Year)
Vidal GuzmanMember (partial Year)
Lew RemeleSecretary
Jeffrey KlinefelterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TiesTransportationPO BOX 9202, Minneapolis, MN 55480$459,879
Blue Bell EnterprisesFood Service1415 MENDOTA HEIGHTS ROAD, Mendota Heights, MN 55120$203,804
Revenue and Support

Revenue Composition

Contributions and Grants
$5,321,911
Program Service Revenue
$16,525
Investment Income
$237
Other Revenue
$13,207
All Other Contributions
$1,100,596
Change in Net Assets
$-121,572

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,298,872
Revenue Not Reported on Financial Statements
$53,008
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$53,008
Total Revenue per Audited Statements
$5,298,872
Total Revenue per Form 990
$5,351,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,513,144
Other Expenses$1,960,308
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,469,764$429,386-$1,899,150
Pension Plan Contributions$712,887$157,751-$870,638
Current Officers, Directors, Trustees, and Key Employees$140,350$316,898-$457,248
Fees for Services Other$259,399$186,405-$445,804
Occupancy$393,378$18,691-$412,069
Payroll Taxes$116,902$52,431-$169,333
Other Employee Benefits$84,133$32,642-$116,775
Office Expenses$27,806$87,709-$115,515
All Other Expenses$42,177$27,235-$69,412
Other Expenses$42,008$46,475-$42,008
Conferences and Meetings$29,692$5,334-$35,026
Insurance-$10,520-$10,520
Depreciation Depletion$4,289$2,436-$6,725
Total Functional Expenses$4,099,539$1,373,913$0$5,473,452

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,473,452
Total Expenses per Audited Statements$4,734,674
Expenses per Audited Statements$4,733,573
Expenses Not Reported on Financial Statements$739,879
Other Expense Adjustments$739,879
Expenses Not Reported on Form 990$1,101
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$4,441,099
Deferred Inflows Related to Pensions$15,142
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
No
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 A, Line 7A

“Board of director election procedures shall comply with minnesota statute 124e.07. Staff members employed at the school, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the school's board of directors.”

Form 990, Part VI, Section B, Line 11B

“The board of directors review a public disclosure copy of the form 990 prior to filing with the irs.”

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

“All vendor payments are verified at the time of payment that there are no conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“The process for determining compensation for the executive director was developed by the executive committee of the prodeo academy board of directors and included a review of compensation models from charter schools of similar size and scope, as well as comparable private and public institutions. The executive committee includes three board members from varying professional backgrounds. Each independently reviewed the executive director and then compiled data and reached consensus on compensation based on the performance review data.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
PRODEO ACADEMY CHARTER SCHOOL #4213
EIN
80-0743744
Phone
7637889653
Address
1555 40TH AVE NE, MINNEAPOLIS, MN 55421

Signing Officer

Name
Richard E Campion
Title
Executive Director
Phone
6125594881
Signed
2018-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard E Campion
Formed
2011
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
77
Volunteers
90

Preparer

Firm
Bergankdv Ltd
Address
220 PARK AVE SOUTH, ST CLOUD, MN 56301
Preparer
Theresa M Goette
Phone
3202517010
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board is responsible for selection of an independent accountant and for the oversight of the financial statement audit. This process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The academy is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The academy has determined there are not amounts to record as assets or liabilities related to uncertain tax positions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“State aids related to pension expense 53,008.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“CAPITAL OUTLAY 1,101.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in pension liabilities 733,154. Depreciation expense 6,725.”

Raw XML AppendixShowing 400 of 492 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/Form990PartVIISectionAGrp/TitleTxt10MEMBER/STAFF (PARTIAL YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER (PARTIAL YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt04221315
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05351880
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt010520
IRS990/InsuranceGrp/TotalAmt010520
IRS990/InvestmentIncomeGrp/ExclusionAmt0237
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0237
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019412
IRS990/LandBldgEquipBasisNetGrp/BOYAmt055947
IRS990/LandBldgEquipBasisNetGrp/EOYAmt050323
IRS990/LandBldgEquipCostOrOtherBssAmt069735
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PART I, LINE 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0564676
IRS990/NetAssetsOrFundBalancesEOYAmt0443104
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt018691
IRS990/OccupancyGrp/ProgramServicesAmt0393378
IRS990/OccupancyGrp/TotalAmt0412069
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt087709
IRS990/OfficeExpensesGrp/ProgramServicesAmt027806
IRS990/OfficeExpensesGrp/TotalAmt0115515
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0588433
IRS990/OtherAssetsTotalGrp/EOYAmt03587046
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032642
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt084133
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0116775
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2SMALL EQUIPMENT
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt046475
IRS990/OtherExpensesGrp/ProgramServicesAmt0544343
IRS990/OtherExpensesGrp/ProgramServicesAmt1191881
IRS990/OtherExpensesGrp/ProgramServicesAmt240530
IRS990/OtherExpensesGrp/ProgramServicesAmt342008
IRS990/OtherExpensesGrp/TotalAmt0544343
IRS990/OtherExpensesGrp/TotalAmt1191881
IRS990/OtherExpensesGrp/TotalAmt287005
IRS990/OtherExpensesGrp/TotalAmt342008
IRS990/OtherLiabilitiesGrp/BOYAmt0777482
IRS990/OtherLiabilitiesGrp/EOYAmt04456241
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013207
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013207
IRS990/OtherRevenueTotalAmt013207
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0429386
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01469764
IRS990/OtherSalariesAndWagesGrp/TotalAmt01899150
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052431
IRS990/PayrollTaxesGrp/ProgramServicesAmt0116902
IRS990/PayrollTaxesGrp/TotalAmt0169333
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt055947
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt050323
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0157751
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0712887
IRS990/PensionPlanContributionsGrp/TotalAmt0870638
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021168
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0193885
IRS990/PrincipalOfficerNm0RICHARD E CAMPION
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM STUDENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016525
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03305650
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0232
IRS990/PYOtherExpensesAmt01581720
IRS990/PYOtherRevenueAmt05369
IRS990/PYProgramServiceRevenueAmt010656
IRS990/PYRevenuesLessExpensesAmt0138964
IRS990/PYSalariesCompEmpBnftPaidAmt01601223
IRS990/PYTotalExpensesAmt03182943
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03321907
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-121572
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt029732
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0118468
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0118705
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/BookValueAmt050323
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019412
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt069735
IRS990ScheduleD/ExpensesNotReportedAmt01101
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0739879
IRS990ScheduleD/ExpensesSubtotalAmt04733573
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03587046
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherExpensesIncludedAmt01101
IRS990ScheduleD/OtherExpensesNotIncludedAmt0739879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14441099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt053008
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt053008
IRS990ScheduleD/RevenueSubtotalAmt05298872
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1STATE AIDS RELATED TO PENSION EXPENSE 53,008.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CAPITAL OUTLAY 1,101.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3CHANGE IN PENSION LIABILITIES 733,154. DEPRECIATION EXPENSE 6,725.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050323
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03587046
IRS990ScheduleD/TotalExpensesPerForm990Amt05473452
IRS990ScheduleD/TotalLiabilityAmt04456241
IRS990ScheduleD/TotalRevenuePerForm990Amt05351880
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05298872
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04734674
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/ExplanationTxt0WE MEET WITH FAMILIES PERSONALLY AND EXPLAIN TO EACH OF THEM THAT THIS IS A PUBLIC SCHOOL AND WE DO NOT DISCRIMINATE IN ANY WAY. IT IS THEIR CHOICE WHETHER TO SEND THEIR CHILD TO OUR SCHOOL AND WE WILL TAKE THEM / ENROLL THEM.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTOR ELECTION PROCEDURES SHALL COMPLY WITH MINNESOTA STATUTE 124E.07. STAFF MEMBERS EMPLOYED AT THE SCHOOL, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW A PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL VENDOR PAYMENTS ARE VERIFIED AT THE TIME OF PAYMENT THAT THERE ARE NO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DEVELOPED BY THE EXECUTIVE COMMITTEE OF THE PRODEO ACADEMY BOARD OF DIRECTORS AND INCLUDED A REVIEW OF COMPENSATION MODELS FROM CHARTER SCHOOLS OF SIMILAR SIZE AND SCOPE, AS WELL AS COMPARABLE PRIVATE AND PUBLIC INSTITUTIONS. THE EXECUTIVE COMMITTEE INCLUDES THREE BOARD MEMBERS FROM VARYING PROFESSIONAL BACKGROUNDS. EACH INDEPENDENTLY REVIEWED THE EXECUTIVE DIRECTOR AND THEN COMPILED DATA AND REACHED CONSENSUS ON COMPENSATION BASED ON THE PERFORMANCE REVIEW DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,249,281
Liabilities
$4,806,177
Net assets
$443,104
Revenue
$5,351,880
Expenses
$5,473,452
Net income
-$121,572
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$17.1$6.19$23.5$23.2$0.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$15.6$5.29$18.6$19.5$0.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$13.8$3.02$16.1$16.3$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.92$10.3$2.39$13.2$12.8$0.43
2020Detailed filing. Detailed filing data is available for this year.$7.71$9.19$1.48$12.4$12.2$0.19
2019Detailed filing. Detailed filing data is available for this year.$7.91$8.63$0.72$10.5$10.9$0.35
2018Detailed filing. Detailed filing data is available for this year.$7.21$7.82$0.61$8.24$9.30$1.06
2017Detailed filing. Detailed filing data is available for this year.$5.25$4.81$0.44$5.35$5.47$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.49$0.92$0.56$3.32$3.18$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.61$0.43$2.01$1.79$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.31$1.32$1.03$0.29
2013Summary only. Only limited summary data is available for this year.$0.13$0.11$0.02$0.29$0.27$0.02