Civic Intelligence

Modern Montessori Charter School

EIN 82-4576466 • 501(c)3 • Champlin, MN

Profile

Modern Montessori Charter School is a collaborative learning community rooted in Montessori principles integrated with current technology through an innovative, child-centered approach.

111 Dean Ave WChamplin, MN 55316

www.modernmontessoricharter.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

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

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

2.75x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

19th percentile

-4.4%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

33rd percentile

-0.6%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$5,481,652

Down $239,207 (-4.2%) from 2023

Liabilities

Down

$6,472,195

Down $45,023 (-0.7%) from 2023

Net Assets

Down

-$990,543

Down $194,184 (-24%) from 2023

Revenue

Up

$2,787,024

Up $413,960 (+17%) from 2023

Expenses

Up

$2,981,208

Up $48,447 (+1.7%) from 2023

Net Income

Up

-$194,184

Up $365,513 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $290,710Liabilities 2020: $122,843Net Assets 2020: $167,8672020Assets 2021: $738,398Liabilities 2021: $629,052Net Assets 2021: $109,3462021Assets 2022: $5,984,863Liabilities 2022: $6,221,525Net Assets 2022: -$236,6622022Assets 2023: $5,720,859Liabilities 2023: $6,517,218Net Assets 2023: -$796,3592023Assets 2024: $5,481,652Liabilities 2024: $6,472,195Net Assets 2024: -$990,5432024

Highlighted filing

2024

Assets$5,481,652
Liabilities$6,472,195
Net Assets-$990,543

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,306,971Expenses 2020: $1,135,372Net Income 2020: $171,5992020Revenue 2021: $1,781,892Expenses 2021: $1,840,413Net Income 2021: -$58,5212021Revenue 2022: $2,388,448Expenses 2022: $2,734,456Net Income 2022: -$346,0082022Revenue 2023: $2,373,064Expenses 2023: $2,932,761Net Income 2023: -$559,6972023Revenue 2024: $2,787,024Expenses 2024: $2,981,208Net Income 2024: -$194,1842024

Highlighted filing

2024

Revenue$2,787,024
Expenses$2,981,208
Net Income-$194,184

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 28, 2025
Return Version
2023v6.0
Gross Receipts
$2,802,299
Mission and Program Overview

Mission

Modern Montessori Charter School is a collaborative learning community rooted in Montessori principles integrated with current technology through an innovative, child-centered approach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,833,616$4,601,607▼ $232,009
Pledges and Grants Receivable$224,204$316,014▲ $91,810
Cash and Non-Interest-Bearing Accounts$85,839$164,729▲ $78,890
Prepaid Expenses and Deferred Charges$23,932$30,221▲ $6,289
Accounts Receivable$7,866$2,958▼ $4,908
Total Assets$5,720,859$5,481,652▼ $239,207
Other Assets Total$545,402$366,123▼ $179,279
Liabilities
Other Liabilities$6,277,956$6,314,561▲ $36,605
Accounts Payable and Accrued Expenses$203,212$157,634▼ $45,578
Mortgage Notes Payable Secured by Investment Property$35,000--
Deferred Revenue$1,050--
Total Liabilities$6,517,218$6,472,195▼ $45,023
Net Assets / Fund Balance
Net Assets With Donor Restrictions$-202,787$-312,169▼ $109,382
Net Assets Without Donor Restrictions$-593,572$-678,374▼ $84,802
Total Net Assets Fund Balance$-796,359$-990,543▼ $194,184
Total Liabilities and Net Assets / Fund Balance$5,720,859$5,481,652▼ $239,207

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,538,961$648,423$5,187,384
Equipment$62,646$51,468$114,114
Other Assets Org$366,123--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristy FehrExecutive DirectorFT$64,942$6,366$71,308
Leah BarrettSecretaryFT$34,280$7,946$42,226
Dayna GramsVice Chair-$761$4$765
Kari OdorizziBoard Chair-$460$40$500

Board Members and Trustees

NameTitle
Valerie BlancoBoard Chair - Until Jan. 2024
Amanda JoynesMember
Ronald PowellMember
Russell MyersMember
Scott WilkieMember
Kathy MrozekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,564,665
Program Service Revenue
$203,615
Investment Income
$4
Other Revenue
$18,740
All Other Contributions
$67,693
Change in Net Assets
$-194,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,787,024
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,787,024
Total Revenue per Form 990
$2,787,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,837,093
Other Expenses$1,144,115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,016,378$148,278-$1,164,656
Pension Plan Contributions$174,039$191,071-$365,110
Fees for Services Other$278,856$7,634-$286,490
Interest$253,093$893-$253,986
Depreciation Depletion$230,239$1,120-$231,359
Current Officers, Directors, Trustees, and Key Employees$103,645$20,454-$124,099
Fees for Services Accounting-$107,266-$107,266
Payroll Taxes$82,546$12,185-$94,731
Other Employee Benefits$66,484$22,013-$88,497
Information Technology$19,351$5,159-$24,510
Office Expenses$17,703$5,871-$23,574
Insurance$12,386--$12,386
Travel$11,860--$11,860
Occupancy$3,871--$3,871
Fees for Services Legal-$1,723-$1,723
Other Expenses$292$18,833-$292
All Other Expenses$200--$200
Total Functional Expenses$2,438,708$542,500$0$2,981,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,981,208
Total Expenses per Audited Statements$2,981,208
Total Expenses per Form 990$2,981,208
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,004
Fundraising Direct Expenses$15,275
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$25,004$25,004$15,275$9,729
Total Events$25,004$25,004$15,275$9,729
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$5,036,993
Pension Liability$1,190,444
Deferred inflows of pension resources$87,124
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 B, line 11B

A copy of the 990 is provided to the Board Members for review prior to filing and the return is signed by the Board Chair.

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

Board Members sign a conflict of interest statement annually. The Board reviews the conflict of interest policy annually and makes changes as necessary.

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Modern Montessori Charter School
EIN
82-4576466
Phone
7633588148
Address
111 Dean Ave W, Champlin, MN 55316

Signing Officer

Name
Kari Odorizzi
Title
Board Chair
Phone
7633588148
Signed
2025-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kari Odorizzi
Formed
2018
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
8
Employees
58
Volunteers
10

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 III, line 2

Modern Montessori Charter School has added the 7th grade to its curriculum.

Form 990, Part XII, Line 2C:

This process has not changed from prior years.

Financial Statement Notes

Part X, Line 2:

The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota.

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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/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012185
IRS990/PayrollTaxesGrp/ProgramServicesAmt082546
IRS990/PayrollTaxesGrp/TotalAmt094731
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0191071
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0174039
IRS990/PensionPlanContributionsGrp/TotalAmt0365110
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0224204
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0316014
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023932
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030221
IRS990/PrincipalOfficerNm0Kari Odorizzi
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Fees from Patons
IRS990/ProgramServiceRevenueGrp/Desc2Medical Assistance
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0196352
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14203
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0196352
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23060
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02179168
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01236025
IRS990/PYOtherRevenueAmt013208
IRS990/PYProgramServiceRevenueAmt0180688
IRS990/PYRevenuesLessExpensesAmt0-559697
IRS990/PYSalariesCompEmpBnftPaidAmt01696736
IRS990/PYTotalExpensesAmt02932761
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02373064
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-194184
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0203615
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04538961
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0648423
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05187384
IRS990ScheduleD/EquipmentGrp/BookValueAmt062646
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051468
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0114114
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02981208
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0366123
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Pension Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11190444
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25036993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred inflows of pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Lease Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02787024
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04601607
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0366123
IRS990ScheduleD/TotalExpensesPerForm990Amt02981208
IRS990ScheduleD/TotalLiabilityAmt06314561
IRS990ScheduleD/TotalRevenuePerForm990Amt02787024
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02787024
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02981208
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/ExplanationTxt0Stated in school brochures and documents.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Charter School receives grants and financial assistance from government agencies.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015275
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraising Event
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025004
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt025004
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025004
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt025004
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt09729
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015275
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015275
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Modern Montessori Charter School has added the 7th grade to its curriculum.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the 990 is provided to the Board Members for review prior to filing and the return is signed by the Board Chair.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board Members sign a conflict of interest statement annually. The Board reviews the conflict of interest policy annually and makes changes as necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This process has not changed from prior years.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
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 XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

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