Civic Intelligence

Phoenix Academy

990 • Fiscal year 2020 • EIN 81-2964842

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

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

93rd percentile

1.03x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.52x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$44,344

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

123%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

4.0%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$629,402

Up $346,834 (+123%) from 2019

Net Assets

Up

-$20,951

Up $61,572 (+75%) from 2019

Liabilities

Up

$650,353

Up $285,262 (+78%) from 2019

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin62nd percentile

Revenue

Up

$1,255,015

Up $47,787 (+4.0%) from 2019

Expenses

Down

$1,106,362

Down $120,459 (-9.8%) from 2019

Net Income

Up

$148,653

Up $168,246 (+859%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2020

Assets$629,402
Liabilities$650,353
Net Assets-$20,951
Open 2020 Filing

Operations Trend

Revenue Growth56th 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

2020

Revenue$1,255,015
Expenses$1,106,362
Net Income$148,653
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.2
Gross Receipts
$1,255,292
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$103,660$93,298▼ $10,362
Cash and Non-Interest-Bearing Accounts$4,367$42,719▲ $38,352
Land, Buildings, and Equipment, Net$28,722$22,459▼ $6,263
Pd in Cap Srpls Land Bldg Eqp Fund$28,722$22,459▼ $6,263
Prepaid Expenses and Deferred Charges$6,942$14,892▲ $7,950
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-111,245$-43,410▲ $67,835
Total Assets$282,568$629,402▲ $346,834
Other Assets Total$138,877$456,034▲ $317,157
Liabilities
Other Liabilities$168,102$572,340▲ $404,238
Accounts Payable and Accrued Expenses$126,989$47,952▼ $79,037
Mortgage Notes Payable Secured by Investment Property$70,000$30,023▼ $39,977
Deferred Revenue-$38-
Total Liabilities$365,091$650,353▲ $285,262
Net Assets / Fund Balance
Total Net Assets Fund Balance$-82,523$-20,951▲ $61,572
Total Liabilities and Net Assets / Fund Balance$282,568$629,402▲ $346,834

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,459$10,484$32,943
Other Assets Org$456,034--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James GagnerExecutive DirectorFT$41,000$3,344$44,344
Joseph WorwaMemberFT$34,330$6,775$41,105
Sonja GodevikMemberFT$32,946$7,691$40,637

Board Members and Trustees

NameTitle
Jarrod HamlinBoard Chair
Justin AndersonMember
Mary LindquistMember
Maggie HolmesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,241,268
Program Service Revenue
$10,536
Investment Income
$38
Other Revenue
$3,173
All Other Contributions
$3,074
Change in Net Assets
$148,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,255,015
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,357
Total Revenue per Audited Statements
$1,257,372
Total Revenue per Form 990
$1,255,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$679,981
Other Expenses$426,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,326$17,969-$408,295
Occupancy$199,912--$199,912
Current Officers, Directors, Trustees, and Key Employees$78,146$88,737-$166,883
Fees for Services Other$40,510$27,922-$68,432
Payroll Taxes$31,285$14,063-$45,348
Fees for Services Accounting-$45,000-$45,000
Pension Plan Contributions$30,068$1,285-$31,353
Other Employee Benefits$22,721$5,381-$28,102
Office Expenses$17,275$430-$17,705
Information Technology$1,393$14,332-$15,725
Insurance-$10,884-$10,884
Depreciation Depletion$596$5,667-$6,263
Other Expenses$5,842$8,750-$5,842
Interest$1,391--$1,391
Fees for Services Legal-$609-$609
Advertising-$312-$312
All Other Expenses$260--$260
Conferences and Meetings$120--$120
Total Functional Expenses$865,021$241,341$0$1,106,362

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,195,800
Expenses per Audited Statements$1,106,362
Total Expenses per Form 990$1,106,362
Expenses Not Reported on Form 990$89,438
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
Net Pension Liabilities$459,068
Deferred Inflows - Pension$113,272
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
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 worwa and sonja govednik 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
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jarrod Hamlin
Formed
2017
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
42
Volunteers
10

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4420
Preparer
Nickolas S Taintor CPA
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 -87,081.”

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 organization has evaluated and determined that there are no uncertain tax positions as of june 30, 2020. The association's tax returns are subject to possible examination by the taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“GASB 68 PENSIONS 2,357.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“GASB 68 PENSIONS 89,438.”

Raw XML AppendixShowing 400 of 440 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/MissionDesc0THE 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.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0430
IRS990/OfficeExpensesGrp/ProgramServicesAmt017275
IRS990/OfficeExpensesGrp/TotalAmt017705
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0138877
IRS990/OtherAssetsTotalGrp/EOYAmt0456034
IRS990/OtherChangesInNetAssetsAmt0-87081
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05381
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022721
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028102
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1TRANSPORTATION
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08750
IRS990/OtherExpensesGrp/ProgramServicesAmt027974
IRS990/OtherExpensesGrp/ProgramServicesAmt116752
IRS990/OtherExpensesGrp/ProgramServicesAmt2450
IRS990/OtherExpensesGrp/ProgramServicesAmt35842
IRS990/OtherExpensesGrp/TotalAmt027974
IRS990/OtherExpensesGrp/TotalAmt116752
IRS990/OtherExpensesGrp/TotalAmt29200
IRS990/OtherExpensesGrp/TotalAmt35842
IRS990/OtherLiabilitiesGrp/BOYAmt0168102
IRS990/OtherLiabilitiesGrp/EOYAmt0572340
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03435
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03435
IRS990/OtherRevenueTotalAmt03435
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017969
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0390326
IRS990/OtherSalariesAndWagesGrp/TotalAmt0408295
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014063
IRS990/PayrollTaxesGrp/ProgramServicesAmt031285
IRS990/PayrollTaxesGrp/TotalAmt045348
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt028722
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt022459
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01285
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030068
IRS990/PensionPlanContributionsGrp/TotalAmt031353
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06942
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014892
IRS990/PrincipalOfficerNm0JARROD HAMLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010536
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01197450
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020
IRS990/PYOtherExpensesAmt0609679
IRS990/PYOtherRevenueAmt0200
IRS990/PYProgramServiceRevenueAmt09558
IRS990/PYRevenuesLessExpensesAmt0-19593
IRS990/PYSalariesCompEmpBnftPaidAmt0617142
IRS990/PYTotalExpensesAmt01226821
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01207228
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0148653
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013971
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt022459
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010484
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032943
IRS990ScheduleD/ExpensesNotReportedAmt089438
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01106362
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0456034
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRRED OUTFLOWS - PENSION
IRS990ScheduleD/OtherExpensesIncludedAmt089438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0459068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1113272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - PENSION
IRS990ScheduleD/OtherRevenueAmt02357
IRS990ScheduleD/RevenueNotReportedAmt02357
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01255015
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GASB 68 PENSIONS 2,357.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GASB 68 PENSIONS 89,438.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022459
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0456034
IRS990ScheduleD/TotalExpensesPerForm990Amt01106362
IRS990ScheduleD/TotalLiabilityAmt0572340
IRS990ScheduleD/TotalRevenuePerForm990Amt01255015
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01257372
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01195800
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 WORWA AND SONJA GOVEDNIK 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 -87,081.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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 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:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0282568
IRS990/TotalAssetsEOYAmt0629402
IRS990/TotalAssetsGrp/BOYAmt0282568
IRS990/TotalAssetsGrp/EOYAmt0629402
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01241268
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0241341
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0865021
IRS990/TotalFunctionalExpensesGrp/TotalAmt01106362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0365091
IRS990/TotalLiabilitiesEOYAmt0650353
IRS990/TotalLiabilitiesGrp/BOYAmt0365091
IRS990/TotalLiabilitiesGrp/EOYAmt0650353
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-82523
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-20951
IRS990/TotalOtherCompensationAmt017810
IRS990/TotalProgramServiceExpensesAmt0865021
IRS990/TotalProgramServiceRevenueAmt010536
IRS990/TotalReportableCompFromOrgAmt0108276
IRS990/TotalRevenueGrp/ExclusionAmt0-224
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013971
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01255015
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0282568
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0629402
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$629,402
Liabilities
$650,353
Net assets
-$20,951
Revenue
$1,255,015
Expenses
$1,106,362
Net income
$148,653
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