Civic Intelligence

Phoenix Academy

990 • Fiscal year 2019 • EIN 81-2964842

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 03, 2020

Organization ProfileWWW.PHXACADEMYCHARTERSCHOOL.COM
38460 Lincoln Trail Suite 1North Branch, MN 55056

(651) 237-0656

Siviq Scores

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

Liabilities / Assets

95th percentile

1.29x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

34th percentile

-1.6%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

39th percentile

$16,340

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

1627%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$282,568

Up $75,000 (+36%) from 2018

Net Assets

Up

-$82,523

Up $6,302 (+7.1%) from 2018

Liabilities

Up

$365,091

Up $68,698 (+23%) from 2018

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin34th percentile

Revenue

Up

$1,207,228

Up $1,137,327 (+1627%) from 2018

Expenses

Up

$1,226,821

Up $1,065,199 (+659%) from 2018

Net Income

Up

-$19,593

Up $72,128 (+79%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2017: $16,805Liabilities 2017: $13,909Net Assets 2017: $2,8962017Assets 2018: $207,568Liabilities 2018: $296,393Net Assets 2018: -$88,8252018Assets 2019: $282,568Liabilities 2019: $365,091Net Assets 2019: -$82,5232019Assets 2020: $629,402Liabilities 2020: $650,353Net Assets 2020: -$20,9512020Assets 2021: $907,286Liabilities 2021: $908,847Net Assets 2021: -$1,5612021Assets 2022: $1,132,267Liabilities 2022: $979,608Net Assets 2022: $152,6592022Assets 2023: $1,676,961Liabilities 2023: $1,638,477Net Assets 2023: $38,4842023Assets 2024: $1,366,408Liabilities 2024: $1,358,945Net Assets 2024: $7,4632024

Highlighted filing

2019

Assets$282,568
Liabilities$365,091
Net Assets-$82,523
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $112,111Expenses 2017: $109,215Net Income 2017: $2,8962017Revenue 2018: $69,901Expenses 2018: $161,622Net Income 2018: -$91,7212018Revenue 2019: $1,207,228Expenses 2019: $1,226,821Net Income 2019: -$19,5932019Revenue 2020: $1,255,015Expenses 2020: $1,106,362Net Income 2020: $148,6532020Revenue 2021: $1,537,261Expenses 2021: $1,402,591Net Income 2021: $134,6702021Revenue 2022: $2,064,288Expenses 2022: $1,780,571Net Income 2022: $283,7172022Revenue 2023: $1,956,463Expenses 2023: $1,815,371Net Income 2023: $141,0922023Revenue 2024: $2,106,761Expenses 2024: $1,971,587Net Income 2024: $135,1742024

Highlighted filing

2019

Revenue$1,207,228
Expenses$1,226,821
Net Income-$19,593
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 3, 2020
Return Version
2018v3.1
Gross Receipts
$1,207,396
Mission and Program Overview

Mission

The phoenix academy of art and science school program has been developed on research- backed foundational teaching and learning practices and with the intent of offering a curriculum that is more experiential and personally appealing to students. Phoenix academy is a comprehensive tuition-free public k-8 school offering a rigorous academic program while integrating the visual and performing arts. Phoenix academy is a unique learning environment with smaller classrooms, lower student to teacher ratios, and a hands-on approach to teaching and learning. Phoenix academy students receive all necessary academic support, and participate in advanced learning opportunities during enrichment hour classes that take place each semester or trimester.

The mission of phoenix academy of art and science is to provide rigorous k-8 public education in science, math, technology, language arts, social studies, visual and performing arts, in a smaller classroom setting, and with higher levels of staff support while using an experiential, project-based approach to teaching and learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$23,375$103,660▲ $80,285
Land, Buildings, and Equipment, Net$3,231$28,722▲ $25,491
Pd in Cap Srpls Land Bldg Eqp Fund$3,231$28,722▲ $25,491
Prepaid Expenses and Deferred Charges$0$6,942▲ $6,942
Cash and Non-Interest-Bearing Accounts$50$4,367▲ $4,317
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-92,056$-111,245▼ $19,189
Total Assets$207,568$282,568▲ $75,000
Other Assets Total$180,912$138,877▼ $42,035
Liabilities
Other Liabilities$236,032$168,102▼ $67,930
Accounts Payable and Accrued Expenses$60,361$126,989▲ $66,628
Mortgage Notes Payable Secured by Investment Property-$70,000-
Total Liabilities$296,393$365,091▲ $68,698
Net Assets / Fund Balance
Total Net Assets Fund Balance$-88,825$-82,523▲ $6,302
Total Liabilities and Net Assets / Fund Balance$207,568$282,568▲ $75,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,722$4,221$32,943
Other Assets Org$138,877--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin KingMemberFT$12,981$3,359$16,340
Joseph WorwaMemberFT$2,740$211$2,951

Board Members and Trustees

NameTitle
Jarrod HamlinBoard Chair
Carlo GaleazziExecutive Director
Greg GertzMember
Jamie NelsonMember
Kara KerrMember
Kathy MortensonMember
Linda HenningMember
Ryan WatkinsMember
Maggie HolmesSecretary
Kevin HaseltineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,197,450
Program Service Revenue
$9,558
Investment Income
$20
Other Revenue
$200
All Other Contributions
$50
Change in Net Assets
$-19,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,207,228
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,207,228
Total Revenue per Form 990
$1,207,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$617,142
Other Expenses$609,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$356,872$92,800-$449,672
Occupancy$204,209--$204,209
Fees for Services Other$57,532$21,344-$78,876
Current Officers, Directors, Trustees, and Key Employees$62,022$9,962-$71,984
Information Technology$6,223$59,700-$65,923
Fees for Services Accounting-$51,980-$51,980
Payroll Taxes$29,006$8,652-$37,658
Pension Plan Contributions$27,192$6,960-$34,152
Office Expenses$23,570$214-$23,784
Other Employee Benefits$18,698$4,978-$23,676
Fees for Services Legal-$18,174-$18,174
Insurance-$9,348-$9,348
Conferences and Meetings$1,800$4,688-$6,488
Depreciation Depletion$416$3,778-$4,194
Advertising-$2,949-$2,949
Interest$1,072--$1,072
Other Expenses$1,008$17,321-$1,008
All Other Expenses$475--$475
Total Functional Expenses$913,973$312,848$0$1,226,821

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,252,312
Total Expenses per Form 990$1,226,821
Expenses per Audited Statements$1,222,627
Expenses Not Reported on Form 990$29,685
Expenses Not Reported on Financial Statements$4,194
Other Expense Adjustments$4,194
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
Deferred Inflows - Pension$145,912
Net Pension Liabilities$22,190
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
No
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

“Any staff members who are employed at the school, including licensed teachers providing instruction under a cooperative, and all parents/guardians of children enrolled in the school may vote in the election of the board of directors.”

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

“The form 990 is prepared by the school accountant. Prior to filing the form 990, the executive director and finance committee will conduct a detailed review of the 990. The full board will receive a public disclosure copy of the 990.”

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

“The school boad will ask at the beginning of each board meeting if any members have a conflict of interest with any of the agenda items of the meeting.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

FORM 990, PART VII, SECTION A:

“Related board members per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Joseph worwas and caitlin king are board members but received compensation for their services as teachers.”

Filing and Contact Details

Filer

Filer Name
Phoenix Academy
EIN
81-2964842
Phone
6512370656
Address
38460 LINCOLN TRAIL SUITE 1, NORTH BRANCH, MN 55056

Signing Officer

Name
James Gagner
Title
Executive Director
Phone
6512370656
Signed
2020-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jarrod Hamlin
Formed
2017
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
31
Volunteers
40

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 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:

“Gasb 68 - pension adjustment 25,895.”

Financial Statement Notes

PART X, LINE 2:

“The organization has evaluated and determined that there are no uncertain tax positions as of june 30, 2019. The association's tax returns are subject to possible examination by the taxing authorities.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“CAPITAL OUTLAYS 29,685.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 4,194.”

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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/LandBldgEquipBasisNetGrp/EOYAmt028722
IRS990/LandBldgEquipCostOrOtherBssAmt032943
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF PHOENIX ACADEMY OF ART AND SCIENCE IS TO PROVIDE RIGOROUS K-8 PUBLIC EDUCATION IN SCIENCE, MATH, TECHNOLOGY, LANGUAGE ARTS, SOCIAL STUDIES, VISUAL AND PERFORMING ARTS, IN A SMALLER CLASSROOM SETTING, AND WITH HIGHER LEVELS OF STAFF SUPPORT WHILE USING AN EXPERIENTIAL, PROJECT-BASED APPROACH TO TEACHING AND LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt070000
IRS990/NetAssetsOrFundBalancesBOYAmt0-88825
IRS990/NetAssetsOrFundBalancesEOYAmt0-82523
IRS990/NetIncomeOrLossGrp/ExclusionAmt097
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt097
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt03300
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0204209
IRS990/OccupancyGrp/TotalAmt0204209
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0214
IRS990/OfficeExpensesGrp/ProgramServicesAmt023570
IRS990/OfficeExpensesGrp/TotalAmt023784
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0180912
IRS990/OtherAssetsTotalGrp/EOYAmt0138877
IRS990/OtherChangesInNetAssetsAmt025895
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04978
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018698
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023676
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3EQUIP. PURCHASES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017321
IRS990/OtherExpensesGrp/ProgramServicesAmt086760
IRS990/OtherExpensesGrp/ProgramServicesAmt135888
IRS990/OtherExpensesGrp/ProgramServicesAmt21230
IRS990/OtherExpensesGrp/ProgramServicesAmt31008
IRS990/OtherExpensesGrp/TotalAmt086760
IRS990/OtherExpensesGrp/TotalAmt135888
IRS990/OtherExpensesGrp/TotalAmt218551
IRS990/OtherExpensesGrp/TotalAmt31008
IRS990/OtherLiabilitiesGrp/BOYAmt0236032
IRS990/OtherLiabilitiesGrp/EOYAmt0168102
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0103
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0103
IRS990/OtherRevenueTotalAmt0103
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt092800
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0356872
IRS990/OtherSalariesAndWagesGrp/TotalAmt0449672
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08652
IRS990/PayrollTaxesGrp/ProgramServicesAmt029006
IRS990/PayrollTaxesGrp/TotalAmt037658
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt03231
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt028722
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06960
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027192
IRS990/PensionPlanContributionsGrp/TotalAmt034152
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06942
IRS990/PrincipalOfficerNm0JARROD HAMLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09558
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-19593
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09558
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt028722
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04221
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032943
IRS990ScheduleD/ExpensesNotReportedAmt029685
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04194
IRS990ScheduleD/ExpensesSubtotalAmt01222627
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0138877
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRRED OUTFLOWS - PENSION
IRS990ScheduleD/OtherExpensesIncludedAmt029685
IRS990ScheduleD/OtherExpensesNotIncludedAmt04194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1145912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01207228
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CAPITAL OUTLAYS 29,685.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION EXPENSE 4,194.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028722
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0138877
IRS990ScheduleD/TotalExpensesPerForm990Amt01226821
IRS990ScheduleD/TotalLiabilityAmt0168102
IRS990ScheduleD/TotalRevenuePerForm990Amt01207228
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01207228
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01252312
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 SOLICITATIONS AND REGISTRATION MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVED 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/ExplanationTxt0ANY STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS/GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE SCHOOL ACCOUNTANT. PRIOR TO FILING THE FORM 990, THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE WILL CONDUCT A DETAILED REVIEW OF THE 990. THE FULL BOARD WILL RECEIVE A PUBLIC DISCLOSURE COPY OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL BOAD WILL ASK AT THE BEGINNING OF EACH BOARD MEETING IF ANY MEMBERS HAVE A CONFLICT OF INTEREST WITH ANY OF THE AGENDA ITEMS OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. JOSEPH WORWAS AND CAITLIN KING ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS.
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/ExplanationTxt6GASB 68 - PENSION ADJUSTMENT 25,895.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X, LINE 25:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$282,568
Liabilities
$365,091
Net assets
-$82,523
Revenue
$1,207,228
Expenses
$1,226,821
Net income
-$19,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$1.36$0.01$2.11$1.97$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.68$1.64$0.04$1.96$1.82$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.98$0.15$2.06$1.78$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.91$0.00$1.54$1.40$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.65$0.02$1.26$1.11$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.37$0.08$1.21$1.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.30$0.09$0.07$0.16$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.00$0.11$0.11$0.00