Civic Intelligence

Eagle Ridge Academy Affiliated Building Company

990 • Fiscal year 2016 • EIN 80-0851487

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 06, 2017

Organization ProfileN/A
11111 Bren Rd WMinnetonka, MN 55343

(952) 746-7760

Siviq Scores

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

Liabilities / Assets

94th percentile

1.03x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

26.41x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

3rd percentile

-108%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

8th percentile

$46,580

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

99th percentile

266%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.6%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$35,490,400

Up $25,803,544 (+266%) from 2015

Net Assets

Down

-$976,546

Down $1,485,959 (-292%) from 2015

Liabilities

Up

$36,466,946

Up $27,289,503 (+297%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Up

$1,380,691

Up $60,089 (+4.6%) from 2015

Expenses

Up

$2,866,650

Up $2,115,931 (+282%) from 2015

Net Income

Down

-$1,485,959

Down $2,055,842 (-361%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$60M$40M$20M$0-$20MAssets 2013: $9,331,677Liabilities 2013: $9,678,022Net Assets 2013: -$346,3452013Assets 2014: $9,491,752Liabilities 2014: $9,552,222Net Assets 2014: -$60,4702014Assets 2015: $9,686,856Liabilities 2015: $9,177,443Net Assets 2015: $509,4132015Assets 2016: $35,490,400Liabilities 2016: $36,466,946Net Assets 2016: -$976,5462016Assets 2017: $34,158,409Liabilities 2017: $37,904,593Net Assets 2017: -$3,746,1842017Assets 2018: $31,813,830Liabilities 2018: $35,565,143Net Assets 2018: -$3,751,3132018Assets 2019: $31,318,174Liabilities 2019: $35,051,238Net Assets 2019: -$3,733,0642019Assets 2020: $37,382,023Liabilities 2020: $41,413,988Net Assets 2020: -$4,031,9652020Assets 2021: $36,798,126Liabilities 2021: $41,035,801Net Assets 2021: -$4,237,6752021Assets 2022: $35,541,142Liabilities 2022: $39,905,231Net Assets 2022: -$4,364,0892022Assets 2023: $35,091,902Liabilities 2023: $39,470,790Net Assets 2023: -$4,378,8882023Assets 2024: $34,529,484Liabilities 2024: $38,825,022Net Assets 2024: -$4,295,5382024

Highlighted filing

2016

Assets$35,490,400
Liabilities$36,466,946
Net Assets-$976,546
Open 2016 Filing

Operations Trend

Revenue Growth56th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2013: $0Expenses 2013: $346,345Net Income 2013: -$346,3452013Revenue 2014: $1,146,707Expenses 2014: $860,832Net Income 2014: $285,8752014Revenue 2015: $1,320,602Expenses 2015: $750,719Net Income 2015: $569,8832015Revenue 2016: $1,380,691Expenses 2016: $2,866,650Net Income 2016: -$1,485,9592016Revenue 2017: $2,051,875Expenses 2017: $4,821,513Net Income 2017: -$2,769,6382017Revenue 2018: $2,379,467Expenses 2018: $2,340,826Net Income 2018: $38,6412018Revenue 2019: $2,336,740Expenses 2019: $2,379,101Net Income 2019: -$42,3612019Revenue 2020: $2,423,242Expenses 2020: $2,722,143Net Income 2020: -$298,9012020Revenue 2021: $2,516,760Expenses 2021: $2,722,470Net Income 2021: -$205,7102021Revenue 2022: $2,530,569Expenses 2022: $2,656,983Net Income 2022: -$126,4142022Revenue 2023: $2,754,744Expenses 2023: $2,769,543Net Income 2023: -$14,7992023Revenue 2024: $2,893,957Expenses 2024: $2,810,607Net Income 2024: $83,3502024

Highlighted filing

2016

Revenue$1,380,691
Expenses$2,866,650
Net Income-$1,485,959
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 6, 2017
Return Version
2015v3.0
Gross Receipts
$1,380,691
Mission and Program Overview

Mission

See Part I, Line 1

To purchase, own and construct a public schoolhouse, for lease to the Eagle Ridge Academy, on real estate owned by the Organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,094,840$26,695,342▲ $18,600,502
Savings and Temporary Cash Investments$1,367,416$6,211,962▲ $4,844,546
Cash and Non-Interest-Bearing Accounts$61,593$554,019▲ $492,426
Accounts Receivable-$55,061-
Prepaid Expenses and Deferred Charges-$3,276-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Cap Stk Tr Prin Current Funds$509,413$-976,546▼ $1,485,959
Total Assets$9,686,856$35,490,400▲ $25,803,544
Other Assets Total$163,007$1,970,740▲ $1,807,733
Liabilities
Tax Exempt Bond Liabilities$8,935,795$33,141,781▲ $24,205,986
Accounts Payable and Accrued Expenses$221,648$2,829,415▲ $2,607,767
Mortgage Notes Payable Secured by Investment Property$20,000$485,000▲ $465,000
Other Liabilities-$10,750-
Total Liabilities$9,177,443$36,466,946▲ $27,289,503
Net Assets / Fund Balance
Total Net Assets Fund Balance$509,413$-976,546▼ $1,485,959
Total Liabilities and Net Assets / Fund Balance$9,686,856$35,490,400▲ $25,803,544

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,577,925-$13,577,925
Buildings$7,162,451$613,040$7,775,491
Land$5,401,100-$5,401,100
Equipment$553,866$93,634$647,500
Other Assets Org$1,970,740--
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleOtherTotal
Kenneth KarrPresident$46,580$46,580

Board Members and Trustees

NameTitle
John AlexanderDirector
Kevin SheppardDirector
Scott PelletierDirector
Angela BergerSecretary
Dan HoganTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Schreiber & Mullaney Construction CoConstr Contractor1286 Hudson Rd, St Paul, MN 55106$455,968
Rivera Architecture IncArchitect775 Fairmount Ave, St Paul, MN 55105$282,153
Dorsey & Whitney LLPBond/Issuer Counsel50 South 6th St 1500, Minneapolis, MN 55402$125,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,325,575
Investment Income
$55
Other Revenue
$55,061
Change in Net Assets
$-1,485,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,380,691
Revenue Not Reported on Form 990
$42,800,118
Total Revenue per Audited Statements
$44,180,809
Total Revenue per Form 990
$1,380,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,866,650
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
Interest$1,418,367--$1,418,367
Fees for Services Other$838,056$406-$838,462
Fees for Services Legal$230,900$6,791-$237,691
Depreciation Depletion$182,932--$182,932
Occupancy$84,928--$84,928
Fees for Services Accounting$16,250$8,100-$24,350
Insurance$8,989$4,840-$13,829
Office Expenses$641$580-$1,221
Other Expenses$390$25-$415
Total Functional Expenses$2,845,908$20,742$0$2,866,650

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$40,780,476
Expenses Not Reported on Form 990$38,843,184
Total Expenses per Form 990$2,866,650
Expenses per Audited Statements$1,937,292
Expenses Not Reported on Financial Statements$929,358
Other Expense Adjustments$929,358
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Academy$10,750

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Deephaven MN2015-09-30$33,137,569Building Project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,137,569--$662,751

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The sole member of the organization is Eagle Ridge Academy.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The Board of Directors will be selected by the Sole Member at its annual meeting, or more frequently if necessary due to the resignation or other withdrawal of a Director.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“The Sole Member may alter or repeal the Bylaws of the Organization.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The IRS form 990 is reviewed by the Board of Directors prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization's governing documents, policies and financial statements are available upon request at the Organization's office.”

Filing and Contact Details

Filer

Filer Name
Eagle Ridge Academy Affiliated Building
EIN
80-0851487
Phone
9527467760
Address
11111 Bren Rd W, Minnetonka, MN 55343

Signing Officer

Name
Dan Hogan
Title
President
Signed
2017-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Hogan
Formed
2012
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Beltz Kes Darling & Associates
Address
22488 Chippendale Ave W, Farmington, MN 55024
Preparer
Theresa Kingsbury
Phone
6514632233
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The Financial Statements are completed by the Independent Audit firm and the Financial Statements are reviewed and approved by the Board of Directors before being issued. There is no change from the prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“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 2D: Other revenue amounts included in F/S but not included on form 990

“Eagle Ridge Academy Revenues $9177549 Bond Issuance less Discount $33622569”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Eagle Ridge Academy Expenses $9057424 Capitalized Equipment $18783435 Principal Payments on Long-term Debt $605000 Advanced Bond Refunding $8350795 Prepaid Interest $2046530”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Depreciation $182932 Amortization of Bond Discount $4212 Amortization of Prepaid Interest $75790 Change in Accrued Interest $666424”

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IRS990/Desc0During the fiscal year ended June 30, 2016, the ABC opened a newly remodeled school building. The building expanded the lower grades from three classrooms per grade to the potential for six classrooms per grade. Grades Kindergarten through 3rd grade have six classrooms. Grade 4 has 5 classrooms and grades 5 and 6 have 4 classrooms. This was an increase from 3 classrooms for each grade in the old building. Building renovation Phase II has also been planned for FYE 2017. Phase II is currently under review of what projects will be completed.
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IRS990/InterestGrp/TotalAmt01418367
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt055
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0706674
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08094840
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026695342
IRS990/LandBldgEquipCostOrOtherBssAmt027402016
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0See Part I, Line 1
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0485000
IRS990/NetAssetsOrFundBalancesBOYAmt0509413
IRS990/NetAssetsOrFundBalancesEOYAmt0-976546
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt084928
IRS990/OccupancyGrp/TotalAmt084928
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0580
IRS990/OfficeExpensesGrp/ProgramServicesAmt0641
IRS990/OfficeExpensesGrp/TotalAmt01221
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0163007
IRS990/OtherAssetsTotalGrp/EOYAmt01970740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Dues & Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025
IRS990/OtherExpensesGrp/ProgramServicesAmt064455
IRS990/OtherExpensesGrp/ProgramServicesAmt1390
IRS990/OtherExpensesGrp/TotalAmt064455
IRS990/OtherExpensesGrp/TotalAmt1415
IRS990/OtherLiabilitiesGrp/EOYAmt010750
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Misc Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt055061
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt055061
IRS990/OtherRevenueTotalAmt055061
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03276
IRS990/PrincipalOfficerNm0Dan Hogan
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01325575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01325575
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0750719
IRS990/PYProgramServiceRevenueAmt01320590
IRS990/PYRevenuesLessExpensesAmt0569883
IRS990/PYTotalExpensesAmt0750719
IRS990/PYTotalRevenueAmt01320602
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1485959
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01380636
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01367416
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06211962
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0731673656
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Eagle Ridge Academy
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07162451
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0613040
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07775491
IRS990ScheduleD/EquipmentGrp/BookValueAmt0553866
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093634
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0647500
IRS990ScheduleD/ExpensesNotReportedAmt038843184
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0929358
IRS990ScheduleD/ExpensesSubtotalAmt01937292
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05401100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05401100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01970740
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferral on Bond Refunding
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from Eagle Ridge Academy
IRS990ScheduleD/OtherExpensesIncludedAmt038843184
IRS990ScheduleD/OtherExpensesNotIncludedAmt0929358
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013577925
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013577925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Academy
IRS990ScheduleD/OtherRevenueAmt042800118
IRS990ScheduleD/RevenueNotReportedAmt042800118
IRS990ScheduleD/RevenueSubtotalAmt01380691
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/ExplanationTxt1Eagle Ridge Academy Revenues $9177549 Bond Issuance less Discount $33622569
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Eagle Ridge Academy Expenses $9057424 Capitalized Equipment $18783435 Principal Payments on Long-term Debt $605000 Advanced Bond Refunding $8350795 Prepaid Interest $2046530
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Depreciation $182932 Amortization of Bond Discount $4212 Amortization of Prepaid Interest $75790 Change in Accrued Interest $666424
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026695342
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01970740
IRS990ScheduleD/TotalExpensesPerForm990Amt02866650
IRS990ScheduleD/TotalLiabilityAmt010750
IRS990ScheduleD/TotalRevenuePerForm990Amt01380691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt044180809
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt040780476
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-09-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416005090
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum024380HAS1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt033137569
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0City of Deephaven MN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Building Project
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,490,400
Liabilities
$36,466,946
Net assets
-$976,546
Revenue
$1,380,691
Expenses
$2,866,650
Net income
-$1,485,959
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.5$38.8$4.30$2.89$2.81$0.08
2023Summary only. Only limited summary data is available for this year.$35.1$39.5$4.38$2.75$2.77$0.01
2022Summary only. Only limited summary data is available for this year.$35.5$39.9$4.36$2.53$2.66$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$41.0$4.24$2.52$2.72$0.21
2020Summary only. Only limited summary data is available for this year.$37.4$41.4$4.03$2.42$2.72$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$35.1$3.73$2.34$2.38$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.8$35.6$3.75$2.38$2.34$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.2$37.9$3.75$2.05$4.82$2.77
2016Detailed filing. Detailed filing data is available for this year.$35.5$36.5$0.98$1.38$2.87$1.49
2015Detailed filing. Detailed filing data is available for this year.$9.69$9.18$0.51$1.32$0.75$0.57
2014Detailed filing. Detailed filing data is available for this year.$9.49$9.55$0.06$1.15$0.86$0.29
2013Summary only. Only limited summary data is available for this year.$9.33$9.68$0.35$0.00$0.35$0.35