Civic Intelligence

Prodeo Academy Charter School #4213

990 • Fiscal year 2018 • EIN 80-0743744

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 04, 2019

Organization ProfilePRODEOACADEMY.ORG
620 Olson Memorial HwyMinneapolis, MN 55411

(763) 205-9950

Siviq Scores

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

Liabilities / Assets

94th percentile

1.09x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.95x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

16th percentile

-13%

Higher net margin than 16% of similar nonprofits.

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

Top Officer Pay

59th percentile

$142,213

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

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

Asset Growth

91st percentile

37%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

89th percentile

54%

Faster revenue growth than 89% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$7,208,132

Up $1,958,851 (+37%) from 2017

Net Assets

Down

-$614,107

Down $1,057,211 (-239%) from 2017

Liabilities

Up

$7,822,239

Up $3,016,062 (+63%) from 2017

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin16th percentile

Revenue

Up

$8,238,203

Up $2,886,323 (+54%) from 2017

Expenses

Up

$9,295,414

Up $3,821,962 (+70%) from 2017

Net Income

Down

-$1,057,211

Down $935,639 (-770%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2018

Assets$7,208,132
Liabilities$7,822,239
Net Assets-$614,107
Open 2018 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

2018

Revenue$8,238,203
Expenses$9,295,414
Net Income-$1,057,211
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 4, 2019
Return Version
2017v2.3
Gross Receipts
$8,238,203
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$800,727$1,834,259▲ $1,033,532
Cash and Non-Interest-Bearing Accounts$498,595$191,257▼ $307,338
Prepaid Expenses and Deferred Charges$193,885$141,289▼ $52,596
Land, Buildings, and Equipment, Net$50,323$125,256▲ $74,933
Pd in Cap Srpls Land Bldg Eqp Fund$50,323$125,256▲ $74,933
Savings and Temporary Cash Investments$118,705--
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$392,781$-739,363▼ $1,132,144
Total Assets$5,249,281$7,208,132▲ $1,958,851
Other Assets Total$3,587,046$4,916,071▲ $1,329,025
Liabilities
Other Liabilities$4,456,241$6,963,802▲ $2,507,561
Accounts Payable and Accrued Expenses$349,936$508,437▲ $158,501
Mortgage Notes Payable Secured by Investment Property-$350,000-
Total Liabilities$4,806,177$7,822,239▲ $3,016,062
Net Assets / Fund Balance
Total Net Assets Fund Balance$443,104$-614,107▼ $1,057,211
Total Liabilities and Net Assets / Fund Balance$5,249,281$7,208,132▲ $1,958,851

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$125,256$38,581$163,837
Other Assets Org$4,916,071--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard CampionExecutive DirectorFT$124,326$17,887$142,213
Chancey AndersonCEO School DevelopmentFT$106,021$20,122$126,143
Emily JonesMember/teacherFT$51,390$12,427$63,817

Board Members and Trustees

NameTitle
Maggie SkrypekChairperson
Lewis RemeleVice-chair
Benson WhitneyMember
Darrel ThompsonMember
Rachel NelsonMember
Jim HornSecretary
Jeffrey KlinefelterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TiesTransportationPO BOX 9202, Minneapolis, MN 55480$672,305
Blue Bell EnterprisesFood Service1415 MENDOTA HEIGHTS ROAD, Mendota Heights, MN 55120$216,275
Revenue and Support

Revenue Composition

Contributions and Grants
$8,190,617
Program Service Revenue
$36,538
Investment Income
$1,165
Other Revenue
$9,883
All Other Contributions
$1,152,987
Change in Net Assets
$-1,057,211

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,228,569
Revenue Not Reported on Financial Statements
$9,634
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$9,634
Total Revenue per Audited Statements
$8,228,569
Total Revenue per Form 990
$8,238,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,647,185
Other Expenses$3,648,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,563,662$911,879-$3,475,541
Pension Plan Contributions$1,094,690$351,253-$1,445,943
Occupancy$835,969$1,137-$837,106
Fees for Services Other$649,648$152,918-$802,566
Payroll Taxes$187,102$83,686-$270,788
Office Expenses$108,434$152,078-$260,512
Other Employee Benefits$185,038$54,727-$239,765
Current Officers, Directors, Trustees, and Key Employees$59,110$156,038-$215,148
Information Technology$10,223$128,985-$139,208
Fees for Services Accounting-$99,729-$99,729
All Other Expenses$33,715$39,261-$72,976
Conferences and Meetings$46,575$10,119-$56,694
Other Expenses$51,464--$51,464
Depreciation Depletion$14,778$4,391-$19,169
Insurance-$11,498-$11,498
Fees for Services Legal-$8,095-$8,095
Interest-$2,331-$2,331
Total Functional Expenses$7,127,289$2,168,125$0$9,295,414

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,295,414
Total Expenses per Audited Statements$8,182,177
Expenses per Audited Statements$8,088,075
Expenses Not Reported on Financial Statements$1,207,339
Other Expense Adjustments$1,207,339
Expenses Not Reported on Form 990$94,102
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$5,911,360
Deferred Inflows Related to Pensions$1,052,442
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
7632059950
Address
620 OLSON MEMORIAL HWY, MINNEAPOLIS, MN 55411

Signing Officer

Name
Richard E Campion
Title
Executive Director
Phone
7632059950
Signed
2019-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maggie Skrypek
Formed
2011
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
7
Employees
114
Volunteers
170

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4420
Preparer
Theresa Goette
Phone
9525636800
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 9,634.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“CAPITAL OUTLAY 94,102.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Change in pension liabilities 1,188,170. Depreciation expense 19,169.”

Raw XML AppendixShowing 400 of 477 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/InformationTechnologyGrp/ProgramServicesAmt010223
IRS990/InformationTechnologyGrp/TotalAmt0139208
IRS990/InsuranceGrp/ManagementAndGeneralAmt011498
IRS990/InsuranceGrp/TotalAmt011498
IRS990/InterestGrp/ManagementAndGeneralAmt02331
IRS990/InterestGrp/TotalAmt02331
IRS990/InvestmentIncomeGrp/ExclusionAmt01165
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01165
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038581
IRS990/LandBldgEquipBasisNetGrp/BOYAmt050323
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0125256
IRS990/LandBldgEquipCostOrOtherBssAmt0163837
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/MortgNotesPyblScrdInvstPropGrp/EOYAmt0350000
IRS990/NetAssetsOrFundBalancesBOYAmt0443104
IRS990/NetAssetsOrFundBalancesEOYAmt0-614107
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01137
IRS990/OccupancyGrp/ProgramServicesAmt0835969
IRS990/OccupancyGrp/TotalAmt0837106
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0152078
IRS990/OfficeExpensesGrp/ProgramServicesAmt0108434
IRS990/OfficeExpensesGrp/TotalAmt0260512
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03587046
IRS990/OtherAssetsTotalGrp/EOYAmt04916071
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054727
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0185038
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0239765
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3SMALL EQUIPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0902822
IRS990/OtherExpensesGrp/ProgramServicesAmt1314761
IRS990/OtherExpensesGrp/ProgramServicesAmt269298
IRS990/OtherExpensesGrp/ProgramServicesAmt351464
IRS990/OtherExpensesGrp/TotalAmt0902822
IRS990/OtherExpensesGrp/TotalAmt1314761
IRS990/OtherExpensesGrp/TotalAmt269298
IRS990/OtherExpensesGrp/TotalAmt351464
IRS990/OtherLiabilitiesGrp/BOYAmt04456241
IRS990/OtherLiabilitiesGrp/EOYAmt06963802
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09883
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09883
IRS990/OtherRevenueTotalAmt09883
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0911879
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02563662
IRS990/OtherSalariesAndWagesGrp/TotalAmt03475541
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt083686
IRS990/PayrollTaxesGrp/ProgramServicesAmt0187102
IRS990/PayrollTaxesGrp/TotalAmt0270788
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt050323
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0125256
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0351253
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01094690
IRS990/PensionPlanContributionsGrp/TotalAmt01445943
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0193885
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0141289
IRS990/PrincipalOfficerNm0MAGGIE SKRYPEK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM STUDENTS
IRS990/ProgramServiceRevenueGrp/Desc1MEDICAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1682
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05321911
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0237
IRS990/PYOtherExpensesAmt01960308
IRS990/PYOtherRevenueAmt013207
IRS990/PYProgramServiceRevenueAmt016525
IRS990/PYRevenuesLessExpensesAmt0-121572
IRS990/PYSalariesCompEmpBnftPaidAmt03513144
IRS990/PYTotalExpensesAmt05473452
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05351880
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1057211
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt046421
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0118705
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0125256
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038581
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0163837
IRS990ScheduleD/ExpensesNotReportedAmt094102
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01207339
IRS990ScheduleD/ExpensesSubtotalAmt08088075
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04916071
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherExpensesIncludedAmt094102
IRS990ScheduleD/OtherExpensesNotIncludedAmt01207339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01052442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15911360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt09634
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt09634
IRS990ScheduleD/RevenueSubtotalAmt08228569
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 9,634.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CAPITAL OUTLAY 94,102.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3CHANGE IN PENSION LIABILITIES 1,188,170. DEPRECIATION EXPENSE 19,169.
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/TotalBookValueLandBuildingsAmt0125256
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04916071
IRS990ScheduleD/TotalExpensesPerForm990Amt09295414
IRS990ScheduleD/TotalLiabilityAmt06963802
IRS990ScheduleD/TotalRevenuePerForm990Amt08238203
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08228569
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08182177
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7,208,132
Liabilities
$7,822,239
Net assets
-$614,107
Revenue
$8,238,203
Expenses
$9,295,414
Net income
-$1,057,211
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