Civic Intelligence

Rochester Msa Building Company

EIN 82-3472551 • 501(c)3 • Rochester, MN

Profile

Manage building and lease to it's beneficiary organizations rochester math and science academy and rochester stem academy.

415 16th Street SWRochester, MN 55902

n/A

Siviq Scores

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

Liabilities / Assets

96th percentile

1.11x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

6.82x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

36th percentile

0.0%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

86%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$14,002,492

Down $6,573,171 (-32%) from 2023

Liabilities

Down

$15,523,572

Down $6,574,017 (-30%) from 2023

Net Assets

Up

-$1,521,080

Up $846 (+0.1%) from 2023

Revenue

Up

$2,277,587

Up $1,051,377 (+86%) from 2023

Expenses

Up

$2,276,741

Up $647,169 (+40%) from 2023

Net Income

Up

$846

Up $404,208 (+100%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2018: $446,014Liabilities 2018: $458,829Net Assets 2018: -$12,8152018Assets 2019: $17,484,797Liabilities 2019: $17,991,210Net Assets 2019: -$506,4132019Assets 2020: $15,741,665Liabilities 2020: $16,184,745Net Assets 2020: -$443,0802020Assets 2021: $15,938,689Liabilities 2021: $16,580,031Net Assets 2021: -$641,3422021Assets 2022: $21,430,981Liabilities 2022: $22,553,220Net Assets 2022: -$1,122,2392022Assets 2023: $20,575,663Liabilities 2023: $22,097,589Net Assets 2023: -$1,521,9262023Assets 2024: $14,002,492Liabilities 2024: $15,523,572Net Assets 2024: -$1,521,0802024

Highlighted filing

2024

Assets$14,002,492
Liabilities$15,523,572
Net Assets-$1,521,080

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $0Expenses 2018: $12,815Net Income 2018: -$12,8152018Revenue 2019: $990,331Expenses 2019: $1,483,929Net Income 2019: -$493,5982019Revenue 2020: $1,197,429Expenses 2020: $1,134,096Net Income 2020: $63,3332020Revenue 2021: $1,651,178Expenses 2021: $1,849,440Net Income 2021: -$198,2622021Revenue 2022: $1,543,557Expenses 2022: $2,024,454Net Income 2022: -$480,8972022Revenue 2023: $1,226,210Expenses 2023: $1,629,572Net Income 2023: -$403,3622023Revenue 2024: $2,277,587Expenses 2024: $2,276,741Net Income 2024: $8462024

Highlighted filing

2024

Revenue$2,277,587
Expenses$2,276,741
Net Income$846

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$2,277,587
Mission and Program Overview

Mission

Manage buliding and lease to it's beneficiary organizations Rochester Math and Science Academy and Rochester STEM Academy.

Manage building and lease to its beneficiary organizations Rochester Math and Science Academy and Rochester STEM Academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,752,939$12,441,138▼ $311,801
Savings and Temporary Cash Investments$1,078,665$1,541,399▲ $462,734
Cash and Non-Interest-Bearing Accounts-$19,955-
Total Assets$20,575,663$14,002,492▼ $6,573,171
Other Assets Total$6,744,059--
Liabilities
Tax Exempt Bond Liabilities$15,509,542$15,250,717▼ $258,825
Other Liabilities$6,581,109--
Accounts Payable and Accrued Expenses$6,938$272,855▲ $265,917
Total Liabilities$22,097,589$15,523,572▼ $6,574,017
Net Assets / Fund Balance
Net Assets With Donor Restrictions$-1,488,352$1,027,782▲ $2,516,134
Net Assets Without Donor Restrictions$-33,574$-2,548,862▼ $2,515,288
Total Net Assets Fund Balance$-1,521,926$-1,521,080▲ $846
Total Liabilities and Net Assets / Fund Balance$20,575,663$14,002,492▼ $6,573,171

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,641,138$1,968,938$12,610,076
Land$1,800,000-$1,800,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Abdifitah ShekhExecutive Director$133,980$133,980
Ali JarasSecretary$50,396$50,396

Board Members and Trustees

NameTitle
Ahmed ElmiBoard Chair
Abdulkadir AbdallaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,175,380
Investment Income
$57,053
Other Revenue
$1,045,154
Change in Net Assets
$846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,276,741
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
Fees for Services Legal-$825,427-$825,427
Occupancy$793,286--$793,286
Depreciation Depletion$419,981--$419,981
Fees for Services Other$2,525$230,272-$232,797
Fees for Services Accounting-$5,250-$5,250
Total Functional Expenses$1,215,792$1,060,949$0$2,276,741
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Rochester2018-09-07$15,555,000Construction/renovations

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$15,550,000$2,235$310,000-

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
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The members of Rochester MSA Building Company are Rochester Math and Science Academy and Rochester STEM Academy, Inc.

Form 990, Part VI, Section A, line 7A

The members have the power to elect the members of the governing board.

Form 990, Part VI, Section A, line 7B

Any alterations or amendments to the bylaws are subject to the power of the members of the corporation to alter or repeal these bylaws.

Form 990, Part VI, Section A, line 8B

This organization does not have a committee with authority to act on behalf of the governing body.

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

The Form 990 is prepared by an accounting firm. Once the form is completed, it is given to the Building Company Board Chair for review before it is signed and filed.

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

Board members sign a conflict of interest statement annually. The board also reviews the conflict of interest policy annually and makes changes as necessary. No member of the board of directors of the company shall participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has a potential conflict of interest due to having material economic involvement regarding the matter being discussed. When such a situation presents itself, the director must announce his or her potential conflict, disqualify himself or herself, and be excused from the meeting until discussion is over on the matter involved. The president of the meeting is expected to make inquiry if such conflict appears to exist and the board member has not made it known.

Form 990, Part VI, Section C, line 19

The organization makes it's governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rochester MSA Building Company
EIN
82-3472551
Phone
5072525995
Address
415 16th Street SW, Rochester, MN 55902

Signing Officer

Name
Abdifitah Shekh
Title
Executive Director
Phone
5072525995
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abdifitah Shekh
Formed
2017
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Consulting: Program service expenses 0. Management and general expenses 230,272. Fundraising expenses 0. Total expenses 230,272. Repairs and maintenance: Program service expenses 2,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,525.

Form 990, Part XII, Line 1:

Rochester MSA Building Company follows a modified accrual method of accounting as prescribed by the Minnesota Department of Education. The financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.

Form 990, Part XII, Line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The Charter School is classified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and comparable section of the Minnesota income tax statutes. The Organization has evaluated and determined that there are no uncertain tax positions as of June, 30, 2024. The Association's tax returns are subject to possible examination by the taxing authorities.

Raw XML AppendixShowing 400 of 469 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06938
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0272855
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Manage building and lease to its beneficiary organizations Rochester Math and Science Academy and Rochester STEM Academy.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Abdifitah Shekh
IRS990/BooksInCareOfDetail/PhoneNum05072525995
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0415 16th Street SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0Rochester
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055902
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt019955
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt057053
IRS990/CYOtherExpensesAmt02276741
IRS990/CYOtherRevenueAmt01045154
IRS990/CYProgramServiceRevenueAmt01175380
IRS990/CYRevenuesLessExpensesAmt0846
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02276741
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02277587
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0419981
IRS990/DepreciationDepletionGrp/TotalAmt0419981
IRS990/Desc0Rochester MSA Building Company provides a facility for lease to Rochester Math and Science Academy and Rochester STEM Academy.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0-1488352
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01027782
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt01215792
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05250
IRS990/FeesForServicesAccountingGrp/TotalAmt05250
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0825427
IRS990/FeesForServicesLegalGrp/TotalAmt0825427
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0230272
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02525
IRS990/FeesForServicesOtherGrp/TotalAmt0232797
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt14032
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt255467
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt339580
IRS990/Form990PartVIISectionAGrp/PersonNm0Ahmed Elmi
IRS990/Form990PartVIISectionAGrp/PersonNm1Ali Jaras
IRS990/Form990PartVIISectionAGrp/PersonNm2Abdulkadir Abdalla
IRS990/Form990PartVIISectionAGrp/PersonNm3Abdifitah Shekh
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt146364
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2124583
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt394400
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02277587
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt057053
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057053
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01968938
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012752939
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012441138
IRS990/LandBldgEquipCostOrOtherBssAmt014410076
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Manage buliding and lease to it's beneficiary organizations Rochester Math and Science Academy and Rochester STEM Academy.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1521926
IRS990/NetAssetsOrFundBalancesEOYAmt0-1521080
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-33574
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2548862
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0793286
IRS990/OccupancyGrp/TotalAmt0793286
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06744059
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt06581109
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Bondholder settlement
IRS990/OtherRevenueMiscGrp/Desc1Loss on lease retirement
IRS990/OtherRevenueMiscGrp/ExclusionAmt01382729
IRS990/OtherRevenueMiscGrp/ExclusionAmt1-337575
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01382729
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-337575
IRS990/OtherRevenueTotalAmt01045154
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Abdifitah Shekh
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01175380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01175380
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt029832
IRS990/PYOtherExpensesAmt01629572
IRS990/PYOtherRevenueAmt016799
IRS990/PYProgramServiceRevenueAmt01179579
IRS990/PYRevenuesLessExpensesAmt0-403362
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01629572
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01226210
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0846
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01175380
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01078665
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01541399
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0870732808
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1900642816
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Rochester Math and Science Academy
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Rochester STEM Academy
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010641138
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01968938
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012610076
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01800000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01800000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is classified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and comparable section of the Minnesota income tax statutes. The Organization has evaluated and determined that there are no uncertain tax positions as of June, 30, 2024. The Association's tax returns are subject to possible examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012441138
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0124583
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010771
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt044696
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Abdulkadir Abdalla
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0180050
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-09-07
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416005494
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum077158CAD3
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt015555000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0City of Rochester
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Construction/renovations
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt014265205
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01287560
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt02235
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0310000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02019
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt015550000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members of Rochester MSA Building Company are Rochester Math and Science Academy and Rochester STEM Academy, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members have the power to elect the members of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any alterations or amendments to the bylaws are subject to the power of the members of the corporation to alter or repeal these bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This organization does not have a committee with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 is prepared by an accounting firm. Once the form is completed, it is given to the Building Company Board Chair for review before it is signed and filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board members sign a conflict of interest statement annually. The board also reviews the conflict of interest policy annually and makes changes as necessary. No member of the board of directors of the company shall participate in any discussion or vote on any matter in which he or she or a member of his or her immediate family has a potential conflict of interest due to having material economic involvement regarding the matter being discussed. When such a situation presents itself, the director must announce his or her potential conflict, disqualify himself or herself, and be excused from the meeting until discussion is over on the matter involved. The president of the meeting is expected to make inquiry if such conflict appears to exist and the board member has not made it known.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes it's governing documents, conflicts of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Consulting: Program service expenses 0. Management and general expenses 230,272. Fundraising expenses 0. Total expenses 230,272. Repairs and maintenance: Program service expenses 2,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,525.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Rochester MSA Building Company follows a modified accrual method of accounting as prescribed by the Minnesota Department of Education. The financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Rochester Math and Science Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Rochester STEM Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0870732808
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1900642816
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Educational services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0415 16th Street SW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1415 16TH Street SW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Rochester
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Rochester
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055902
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd155902
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt015509542
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt015250717
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt020575663

Document Assets

No mirrored PDF or thumbnail assets are attached yet.