Civic Intelligence

Skyline Math and Science Academy Inc.

990 • Fiscal year 2023 • EIN 81-1842731

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 19, 2024

Organization ProfileWWW.SKYLINEMSA.ORG
2600 26th Ave SMinneapolis, MN 55406

(612) 226-7722

Siviq Scores

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

Liabilities / Assets

98th percentile

1.88x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.72x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

51st percentile

4.4%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$194,157

Higher top officer pay than 89% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.1%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,842,406

Down $703,872 (-28%) from 2022

Net Assets

Down

-$1,624,533

Down $589,108 (-57%) from 2022

Liabilities

Down

$3,466,939

Down $114,764 (-3.2%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin51st percentile

Revenue

Down

$4,821,170

Down $258,507 (-5.1%) from 2022

Expenses

Down

$4,609,028

Down $910,733 (-16%) from 2022

Net Income

Up

$212,142

Up $652,226 (+148%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$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

2023

Assets$1,842,406
Liabilities$3,466,939
Net Assets-$1,624,533
Open 2023 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$4,821,170
Expenses$4,609,028
Net Income$212,142
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 19, 2024
Return Version
2022v5.0
Gross Receipts
$4,821,170
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$335,094$440,092▲ $104,998
Land, Buildings, and Equipment, Net$196,231$153,855▼ $42,376
Cash and Non-Interest-Bearing Accounts$216,885$118,354▼ $98,531
Pd in Cap Srpls Land Bldg Eqp Fund$49,076$80,951▲ $31,875
Prepaid Expenses and Deferred Charges$38,656$46,706▲ $8,050
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,084,501$-1,705,484▼ $620,983
Total Assets$2,546,278$1,842,406▼ $703,872
Other Assets Total$1,759,412$1,083,399▼ $676,013
Liabilities
Other Liabilities$2,748,354$2,822,583▲ $74,229
Accounts Payable and Accrued Expenses$624,403$477,397▼ $147,006
Unsecured Notes Loans Payable$200,000$166,959▼ $33,041
Deferred Revenue$8,946--
Total Liabilities$3,581,703$3,466,939▼ $114,764
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,035,425$-1,624,533▼ $589,108
Total Liabilities and Net Assets / Fund Balance$2,546,278$1,842,406▼ $703,872

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$153,855$145,360$299,215
Other Assets Org$3,853--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Abdirahman AbdulleExecutive DirectorFT$157,311$36,846$194,157
Ahmed JamaOperations Finance OfficerFT$118,735$21,277$140,012

Board Members and Trustees

NameTitle
Yonis AbdiBoard Chair
Khalid WarsameeVice Board Chair
Noor AbdilahiVice Board Chair
Mustafa HassanSecretary
Mohamud MuseTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Serendipity Investment Group LLC TotalTransportation2600 26TH AVE S STE 100, Minneapolis, MN 55439$390,377
Done Right Food Services INCFood ServicesPO BOX 21153, Columbia Heights, MN 55421$219,252
Sos Transportation LLCTransportation2211 S 9TH STREET, Minneapolis, MN 55404$210,610
Minnehaha TransportationTransportation2507 WALNUT STREET, Roseville, MN 55113$155,338
Baley TransportationTransportation2600 26TH AVENUE SOUTH, Minneapolis, MN 55406$133,140
Revenue and Support

Revenue Composition

Contributions and Grants
$4,001,814
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$819,356
Change in Net Assets
$212,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,821,170
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,212
Total Revenue per Audited Statements
$4,844,382
Total Revenue per Form 990
$4,821,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,498,423
Other Expenses$2,110,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,753,720$166,025-$1,919,745
Depreciation Depletion$502,734$4,773-$507,507
Fees for Services Other$224,729$49,180-$273,909
Current Officers, Directors, Trustees, and Key Employees-$190,012-$190,012
Payroll Taxes$132,801$24,862-$157,663
Pension Plan Contributions$133,249$13,184-$146,433
Other Employee Benefits$38,809$45,761-$84,570
Fees for Services Accounting-$82,288-$82,288
Information Technology$37,225$42,535-$79,760
Fees for Services Management-$73,482-$73,482
Office Expenses$31,330$24,907-$56,237
Insurance$42,669--$42,669
Other Expenses$27,774--$27,774
All Other Expenses$14,141$13,275-$27,416
Interest$20,065--$20,065
Occupancy$12,164--$12,164
Travel$12,155--$12,155
Fees for Services Legal-$250-$250
Total Functional Expenses$3,878,494$730,534$0$4,609,028

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,433,490
Expenses per Audited Statements$4,609,028
Total Expenses per Form 990$4,609,028
Expenses Not Reported on Form 990$824,462
Expenses Not Reported on Financial Statements$0
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
Pension Liability$2,800,130
Deferred Inflows of Pension Resources$22,453
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 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
2024-04-19
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
100
Volunteers
5

Preparer

Firm
Creative Planning Tax LLC
Address
12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
Preparer
Michelle Hekel CPA
Phone
5157275700
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 school's 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 school's 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 9:

“Pension adjustment relating to net pension liabilities -801,250.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“PENSION REVENUE 23,212.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“PENSION EXPENSE 824,462.”

Raw XML AppendixShowing 400 of 496 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/Desc0SKYLINE MATH & SCIENCE ACADEMY SERVED APPROXIMATELY 218 STUDENTS KINDERGARTEN THROUGH 6TH GRADE. THE SCHOOL PRACTICES A RIGOROUS MATH AND SCIENCE CURRICULUM AND AN EFFECTIVE PEDAGOGY. THROUGH SKYLINE'S PROCESSES THEY WERE ABLE TO COMPLETE 4 SUCCESSFUL YEARS AS A CHARTER SCHOOL.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0-1624533
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt012164
IRS990/OccupancyGrp/TotalAmt012164
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024907
IRS990/OfficeExpensesGrp/ProgramServicesAmt031330
IRS990/OfficeExpensesGrp/TotalAmt056237
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01759412
IRS990/OtherAssetsTotalGrp/EOYAmt01083399
IRS990/OtherChangesInNetAssetsAmt0-801250
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt045761
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt038809
IRS990/OtherEmployeeBenefitsGrp/TotalAmt084570
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/ProgramServicesAmt0634978
IRS990/OtherExpensesGrp/ProgramServicesAmt1197978
IRS990/OtherExpensesGrp/ProgramServicesAmt261973
IRS990/OtherExpensesGrp/ProgramServicesAmt327774
IRS990/OtherExpensesGrp/TotalAmt0634978
IRS990/OtherExpensesGrp/TotalAmt1197978
IRS990/OtherExpensesGrp/TotalAmt261973
IRS990/OtherExpensesGrp/TotalAmt327774
IRS990/OtherLiabilitiesGrp/BOYAmt02748354
IRS990/OtherLiabilitiesGrp/EOYAmt02822583
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/Desc0ERC FUNDING
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0816496
IRS990/OtherRevenueMiscGrp/ExclusionAmt12860
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0816496
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12860
IRS990/OtherRevenueTotalAmt0819356
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0166025
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01753720
IRS990/OtherSalariesAndWagesGrp/TotalAmt01919745
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024862
IRS990/PayrollTaxesGrp/ProgramServicesAmt0132801
IRS990/PayrollTaxesGrp/TotalAmt0157663
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt049076
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt080951
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013184
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0133249
IRS990/PensionPlanContributionsGrp/TotalAmt0146433
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038656
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046706
IRS990/PrincipalOfficerNm0ABDIRAHMAN ABDULLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05018331
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02622993
IRS990/PYOtherRevenueAmt061346
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-440084
IRS990/PYSalariesCompEmpBnftPaidAmt02896768
IRS990/PYTotalExpensesAmt05519761
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05079677
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0212142
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153855
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0145360
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299215
IRS990ScheduleD/ExpensesNotReportedAmt0824462
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04609028
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01079546
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13853
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW OF PENSION RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSETS
IRS990ScheduleD/OtherExpensesIncludedAmt0824462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02800130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF PENSION RESOURCES
IRS990ScheduleD/OtherRevenueAmt023212
IRS990ScheduleD/RevenueNotReportedAmt023212
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04821170
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PENSION REVENUE 23,212.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PENSION EXPENSE 824,462.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0153855
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01083399
IRS990ScheduleD/TotalExpensesPerForm990Amt04609028
IRS990ScheduleD/TotalLiabilityAmt02822583
IRS990ScheduleD/TotalRevenuePerForm990Amt04821170
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04844382
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05433490
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/ExplanationTxt0THE POLICY IS COMMUNICATED IN ALL SOLICITATION AND REGISTRATION MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES ASSISTANCE FROM FEDERAL AND STATE SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0157311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012215
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ABDIRAHMAN ABDULLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
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 SCHOOL'S 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 SCHOOL'S 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/ExplanationTxt6PENSION ADJUSTMENT RELATING TO NET PENSION LIABILITIES -801,250.

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,842,406
Liabilities
$3,466,939
Net assets
-$1,624,533
Revenue
$4,821,170
Expenses
$4,609,028
Net income
$212,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$5.27$1.97$4.26$5.16$0.90
2023Detailed filing. Detailed filing data is available for this year.$1.84$3.47$1.62$4.82$4.61$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$3.58$1.04$5.08$5.52$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$2.25$0.12$4.78$4.78$0.01