Civic Intelligence

Skyline Math & Science Academy

EIN 81-1842731 • 501(c)3 • Minneapolis, MN

Profile

Our mission is to provide a high-quality academic environment in a twenty first century school setting which creates and improves student learning, closes the achievement gap and partners directly with students and their families.

2600 26th Ave SMinneapolis, MN 55406

www.skylinemsa.org

Siviq Scores

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

Liabilities / Assets

97th percentile

1.60x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.24x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$171,875

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

93rd percentile

79%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-12%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,300,976

Up $1,458,570 (+79%) from 2023

Liabilities

Up

$5,266,781

Up $1,799,842 (+52%) from 2023

Net Assets

Down

-$1,965,805

Down $341,272 (-21%) from 2023

Revenue

Down

$4,259,992

Down $561,178 (-12%) from 2023

Expenses

Up

$5,160,080

Up $551,052 (+12%) from 2023

Net Income

Down

-$900,088

Down $1,112,230 (-524%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $2,131,819Liabilities 2021: $2,247,038Net Assets 2021: -$115,2192021Assets 2022: $2,546,278Liabilities 2022: $3,581,703Net Assets 2022: -$1,035,4252022Assets 2023: $1,842,406Liabilities 2023: $3,466,939Net Assets 2023: -$1,624,5332023Assets 2024: $3,300,976Liabilities 2024: $5,266,781Net Assets 2024: -$1,965,8052024

Highlighted filing

2024

Assets$3,300,976
Liabilities$5,266,781
Net Assets-$1,965,805

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $4,775,690Expenses 2021: $4,782,061Net Income 2021: -$6,3712021Revenue 2022: $5,079,677Expenses 2022: $5,519,761Net Income 2022: -$440,0842022Revenue 2023: $4,821,170Expenses 2023: $4,609,028Net Income 2023: $212,1422023Revenue 2024: $4,259,992Expenses 2024: $5,160,080Net Income 2024: -$900,0882024

Highlighted filing

2024

Revenue$4,259,992
Expenses$5,160,080
Net Income-$900,088

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 28, 2025
Return Version
2023v6.0
Gross Receipts
$4,259,992
Mission and Program Overview

Mission

Our mission is to provide a high-quality academic environment in a twenty-first century school setting which creates and improves student learning, closes the achievement gap, and partners directly with students and their families.

Operation of charter school in minneapolis, minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$440,092$356,778▼ $83,314
Cash and Non-Interest-Bearing Accounts$118,354$152,653▲ $34,299
Land, Buildings, and Equipment, Net$153,855$122,759▼ $31,096
Pd in Cap Srpls Land Bldg Eqp Fund$80,951$81,154▲ $203
Prepaid Expenses and Deferred Charges$46,706$2,853▼ $43,853
Cap Stk Tr Prin Current Funds$-1,705,484$-2,046,959▼ $341,475
Total Assets$1,842,406$3,300,976▲ $1,458,570
Other Assets Total$1,083,399$2,665,933▲ $1,582,534
Liabilities
Other Liabilities$2,822,583$4,480,844▲ $1,658,261
Accounts Payable and Accrued Expenses$477,397$731,924▲ $254,527
Unsecured Notes Loans Payable$166,959$54,013▼ $112,946
Total Liabilities$3,466,939$5,266,781▲ $1,799,842
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,624,533$-1,965,805▼ $341,272
Total Liabilities and Net Assets / Fund Balance$1,842,406$3,300,976▲ $1,458,570

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$122,759$176,456$299,215
Other Assets Org$1,090,177--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Abdirahman AbdulleExecutive DirectorFT$171,875$171,875
Ahmed JamaOperations Finance OfficerFT$109,995$109,995
Khalid WarsameeVice Board ChairPT$58,421$58,421

Board Members and Trustees

NameTitle
Yonis AbdiBoard Chair
Noor AbdilahiVice Board Chair
Mustafa HassanSecretary
Mohamud MuseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,232,475
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$27,517
Change in Net Assets
$-900,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,259,992
Total Revenue per Audited Statements
$4,259,992
Total Revenue per Form 990
$4,259,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,605,922
Salaries, Compensation, and Employee Benefits$2,554,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,898,409$210,934-$2,109,343
Other Employee Benefits$400,334$44,481-$444,815
Depreciation Depletion$424,773$3,110-$427,883
Fees for Services Other$325,771$36,197-$361,968
Occupancy$143,987$15,999-$159,986
Other Expenses$117,414$13,046-$130,460
Interest$73,295$8,144-$81,439
Information Technology$52,976$5,886-$58,862
All Other Expenses$50,998$5,667-$56,665
Insurance$45,894$5,099-$50,993
Travel$25,966$2,885-$28,851
Office Expenses$23,804$2,645-$26,449
Total Functional Expenses$4,707,278$452,802$0$5,160,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,160,080
Total Expenses per Audited Statements$5,160,080
Total Expenses per Form 990$5,160,080
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
Federal income taxes$2,070,309
Deferred Inflows of Pension$1,666,133
Pension Liability$644,402
Resources$100,000
Lease Liability-
Line of Credit-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegates management duties to a third party and they are under direct supervision of the board.

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

The 990 is distributed to all board members to review before filing.

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

The organization reviews the conflict of interest policy annually with the board members.

Form 990, Part VI, Section B, Line 15

The board of directors determine management and employee compensation.

Form 990, Part VI, Section C, Line 19

The governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Skyline Math and Science Academy
EIN
81-1842731
Phone
6122267722
Address
2600 26TH AVE S, MINNEAPOLIS, MN 55406

Signing Officer

Name
Abdirahman Abdulle
Title
Executive Director
Phone
6122267722
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abdirahman Abdulle
Formed
2016
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
82

Preparer

Firm
Thomas & Company CPA Pa
Address
9710 STIRLING RD STE 101, COOPER CITY, FL 33024
Preparer
Roby J Thomas
Phone
9544357272
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 25

Pension liabilities, deferred outflows inflows pension as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The schools contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the schools statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.

Form 990, Part XI, Line 8

The school restated its net position to correct the understatement of pera and tera deferred outflows and deferred inflows and from the prior year.

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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0122759
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0176456
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299215
IRS990ScheduleD/ExpensesSubtotalAmt05160080
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01575756
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11090177
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF USE ASSETS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO PENSION
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1644402
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS OF PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LINE OF CREDIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0122759
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02665933
IRS990ScheduleD/TotalExpensesPerForm990Amt05160080
IRS990ScheduleD/TotalLiabilityAmt04480844
IRS990ScheduleD/TotalRevenuePerForm990Amt04259992
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04259992
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05160080
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES ASSISTANCE FROM FEDERAL AND STATE SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ABDIRAHMAN ABDULLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO A THIRD PARTY AND THEY ARE UNDER DIRECT SUPERVISION OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS DISTRIBUTED TO ALL BOARD MEMBERS TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY WITH THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINE MANAGEMENT AND EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PENSION LIABILITIES, DEFERRED OUTFLOWS INFLOWS PENSION AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOLS CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOLS STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL RESTATED ITS NET POSITION TO CORRECT THE UNDERSTATEMENT OF PERA AND TERA DEFERRED OUTFLOWS AND DEFERRED INFLOWS AND FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part X, Line 25
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 8
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04707278
IRS990/TotalFunctionalExpensesGrp/TotalAmt05160080
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt05266781
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1965805
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04259992
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03300976
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt054013
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 26TH AVE S
IRS990/USAddress/CityNm0MINNEAPOLIS

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