Civic Intelligence

Quantum Steam Academy

990 • Fiscal year 2024 • EIN 83-1605019

Jul 01, 2023 to Jun 30, 2024 • Filed on May 07, 2025

497 Humboldt AvenueSt Paul, MN 55107

(651) 615-6888

Siviq Scores

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

Liabilities / Assets

87th percentile

0.58x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

7.6%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$201,666

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

80th percentile

22%

Faster asset growth than 80% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

25%

Faster revenue growth than 71% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,684,052

Up $490,563 (+22%) from 2023

Net Assets

Up

$1,115,956

Up $277,980 (+33%) from 2023

Liabilities

Up

$1,568,096

Up $212,583 (+16%) from 2023

Revenue

Up

$3,658,958

Up $741,008 (+25%) from 2023

Expenses

Up

$3,380,978

Up $570,327 (+20%) from 2023

Net Income

Up

$277,980

Up $170,681 (+159%) from 2023

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2020: $102,829Liabilities 2020: $91,900Net Assets 2020: $10,9292020Assets 2021: $329,401Liabilities 2021: $183,070Net Assets 2021: $146,3312021Assets 2022: $1,536,984Liabilities 2022: $806,307Net Assets 2022: $730,6772022Assets 2023: $2,193,489Liabilities 2023: $1,355,513Net Assets 2023: $837,9762023Assets 2024: $2,684,052Liabilities 2024: $1,568,096Net Assets 2024: $1,115,9562024

Highlighted filing

2024

Assets$2,684,052
Liabilities$1,568,096
Net Assets$1,115,956

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2020: $89,465Expenses 2020: $78,536Net Income 2020: $10,9292020Revenue 2021: $1,276,632Expenses 2021: $1,141,230Net Income 2021: $135,4022021Revenue 2022: $2,490,641Expenses 2022: $1,906,295Net Income 2022: $584,3462022Revenue 2023: $2,917,950Expenses 2023: $2,810,651Net Income 2023: $107,2992023Revenue 2024: $3,658,958Expenses 2024: $3,380,978Net Income 2024: $277,9802024

Highlighted filing

2024

Revenue$3,658,958
Expenses$3,380,978
Net Income$277,980
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$3,658,958
Mission and Program Overview

Mission

Quantum steam academy charter school accelerates learning through quality instruction, an integrated arts & sciences curriculum, and authentic collaboration that engages leadership, staff, students, families, and communities in the educational enterprise.

Provide an education and other educational services to students in grades k-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$397,411$1,000,913▲ $603,502
Cap Stk Tr Prin Current Funds$675,128$900,714▲ $225,586
Accounts Receivable$710,340$660,270▼ $50,070
Land, Buildings, and Equipment, Net$270,975$129,203▼ $141,772
Pd in Cap Srpls Land Bldg Eqp Fund$111,640$129,203▲ $17,563
Rtn Earn Endowment Incm Other Fnds$51,208$86,039▲ $34,831
Prepaid Expenses and Deferred Charges$10,042$7,583▼ $2,459
Total Assets$2,193,489$2,684,052▲ $490,563
Other Assets Total$804,721$886,083▲ $81,362
Liabilities
Other Liabilities$928,473$1,290,201▲ $361,728
Accounts Payable and Accrued Expenses$264,342$277,895▲ $13,553
Mortgage Notes Payable Secured by Investment Property$159,335$0▼ $159,335
Deferred Revenue$3,363$0▼ $3,363
Total Liabilities$1,355,513$1,568,096▲ $212,583
Net Assets / Fund Balance
Total Net Assets Fund Balance$837,976$1,115,956▲ $277,980
Total Liabilities and Net Assets / Fund Balance$2,193,489$2,684,052▲ $490,563

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$346,782$346,782
Equipment$129,203$69,237$198,440
Other Assets Org$886,083--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mahrous KandilSchool DirectorFT$160,200$41,466$160,200
Crescence NabilTreasurerFT$61,413$6,598$68,011
Abdulah AliuMemberFT$47,997$3,190$51,187

Board Members and Trustees

NameTitle
Khalid HaddaouiChair
Isaq LuulMember
Magassa AyanaMember

Highest Paid Contractors

ContractorServicesLocationCompensation
A&k TransportationTransportation1531 124TH AVE NE F, Blaine, MN 55449$325,800
Billie Bus TransportationTransportation4640 N LYNDALE AVE, Minneapolis, MN 55412$135,090
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,658,958
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$277,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,658,958
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,658,958
Total Revenue per Form 990
$3,658,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,030,326
Other Expenses$1,341,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,046,516$131,317-$1,177,833
Pension Plan Contributions$388,159$14,008-$402,167
Current Officers, Directors, Trustees, and Key Employees$191,995$76,405-$268,400
Depreciation Depletion-$234,162-$234,162
Fees for Services Other$130,319$30,342-$160,661
Fees for Services Management$40,934$66,895-$107,829
Payroll Taxes$84,290$17,632-$101,922
Other Employee Benefits$29,495$50,509-$80,004
Fees for Services Accounting-$67,747-$67,747
Information Technology$16,073$15,102-$31,175
Payments to Affiliates-$25,567-$25,567
Interest-$16,080-$16,080
Occupancy$14,336--$14,336
Insurance-$13,698-$13,698
Benefits to Members$8,726--$8,726
Office Expenses-$7,383-$7,383
Other Expenses$7,048--$7,048
Payment Travel Entrtnmnt Publicly Ofcl$3,891$1,555-$5,446
Total Functional Expenses$2,612,576$768,402$0$3,380,978

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,380,978
Total Expenses per Audited Statements$3,380,978
Total Expenses per Form 990$3,380,978
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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 Liability$1,201,627
Pension Plan Deferments$88,574
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is prepared by an independent accounting firm and is reviewed by the board and director of organization prior to filing.

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

Annually each board member completes a required form and discloses any conflicts of interests.

Form 990, Part VI, Section B, Line 15

Current compensation is based on past wages with increases given during the year by the board forming the basis of future years pay.

Form 990, Part VI, Section C, Line 19

Meeting minutes, agendas, and other related information is available on the organization's website or upon request.

FORM 990, PART VI, SECTION A, LINE 1B:

At least one member of the board is a teacher at the school. Minnesota state statutue 124d.10 subd. 4(g) requires the board to have at least one employed or contracted teacher.

Filing and Contact Details

Filer

Filer Name
Quantum Steam Academy
EIN
83-1605019
Phone
6516156888
Address
497 HUMBOLDT AVENUE, ST PAUL, MN 55107

Signing Officer

Name
Mahrous Kandil
Title
Board Chair
Phone
6516156888
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mahrous Kandil
Formed
2018
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
42
Volunteers
4

Preparer

Firm
Lb Carlson Llp
Address
605 HIGHWAY 169 SUITE 650, MINNEAPOLIS, MN 55441
Preparer
Victoria L Holinka
Phone
7635358150
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The school board assumes responsibility for the oversight of the audit of it's financial statements and the selection of an independent auditor annually. This process has not changed from the prior year.

Related Organization Compensation

Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.

Authorizer

The academy is required to have an authorizer to monitor its operations in order to maintain its charter. The academy's approved authorizer during the fiscal year 2024 was novation education opportunities.

Financial Statement Notes

PART X, LINE 2:

The academy is exempt from federal and state income taxes under irc 501(c)(3). The academy is subject to tax on income from any unrelated business. The academy is subject to the recognition requirements for uncertain income tax positions as required by the financial accounting standards board accounting standards codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The academy has analyzed tax positions taken for filing with the irs and state jurisdiction where they operate. The academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on their respective financial condition, results of operations, or cash flows. Accordingly, the academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.

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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0388159
IRS990/PensionPlanContributionsGrp/TotalAmt0402167
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010042
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07583
IRS990/PrincipalOfficerNm0MAHROUS KANDIL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FEDERAL AND STATE SOUR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03658958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03658958
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt020745
IRS990/PYContributionsGrantsAmt0100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt01555
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt03891
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt05446
IRS990/PYOtherExpensesAmt01125482
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02917850
IRS990/PYRevenuesLessExpensesAmt0107299
IRS990/PYSalariesCompEmpBnftPaidAmt01664424
IRS990/PYTotalExpensesAmt02810651
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02917950
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0277980
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03658958
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt051208
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt086039
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0346782
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0346782
IRS990ScheduleD/EquipmentGrp/BookValueAmt0129203
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069237
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0198440
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03380978
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0886083
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION PLAN DEFERMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01201627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt188574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION PLAN DEFERMENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03658958
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER IRC 501(C)(3). THE ACADEMY IS SUBJECT TO TAX ON INCOME FROM ANY UNRELATED BUSINESS. THE ACADEMY IS SUBJECT TO THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740-10. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ACADEMY HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE IRS AND STATE JURISDICTION WHERE THEY OPERATE. THE ACADEMY BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DO NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THEIR RESPECTIVE FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE ACADEMY HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT YEAR-END. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0129203
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0886083
IRS990ScheduleD/TotalExpensesPerForm990Amt03380978
IRS990ScheduleD/TotalLiabilityAmt01290201
IRS990ScheduleD/TotalRevenuePerForm990Amt03658958
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03658958
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03380978
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/ExplanationTxt0NONDISCRIMINATION POLICY IS INCLUDED IN REGISTRATION MATERIAL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL AID PAYMENTS AND GRANTS TO FINANCE EDUCATIONAL SERVICES FOR THEIR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MAHROUS KANDIL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SCHOOL DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0160200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY THE BOARD AND DIRECTOR OF ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY EACH BOARD MEMBER COMPLETES A REQUIRED FORM AND DISCLOSES ANY CONFLICTS OF INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CURRENT COMPENSATION IS BASED ON PAST WAGES WITH INCREASES GIVEN DURING THE YEAR BY THE BOARD FORMING THE BASIS OF FUTURE YEARS PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEETING MINUTES, AGENDAS, AND OTHER RELATED INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF IT'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR ANNUALLY. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MADE AN EFFORT TO OBTAIN INFORMATION ON COMPENSATION, IF ANY, WAS PAID FROM A RELATED ORGANIZATION. NO RESPONSE RECEIVED AND NO TRANSACTIONS NOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ACADEMY IS REQUIRED TO HAVE AN AUTHORIZER TO MONITOR ITS OPERATIONS IN ORDER TO MAINTAIN ITS CHARTER. THE ACADEMY'S APPROVED AUTHORIZER DURING THE FISCAL YEAR 2024 WAS NOVATION EDUCATION OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AT LEAST ONE MEMBER OF THE BOARD IS A TEACHER AT THE SCHOOL. MINNESOTA STATE STATUTUE 124D.10 SUBD. 4(G) REQUIRES THE BOARD TO HAVE AT LEAST ONE EMPLOYED OR CONTRACTED TEACHER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5RELATED ORGANIZATION COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6AUTHORIZER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION A, LINE 1B:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02193489
IRS990/TotalAssetsEOYAmt02684052
IRS990/TotalAssetsGrp/BOYAmt02193489
IRS990/TotalAssetsGrp/EOYAmt02684052
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0768402
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02612576
IRS990/TotalFunctionalExpensesGrp/TotalAmt03380978
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01355513
IRS990/TotalLiabilitiesEOYAmt01568096
IRS990/TotalLiabilitiesGrp/BOYAmt01355513
IRS990/TotalLiabilitiesGrp/EOYAmt01568096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0837976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01115956
IRS990/TotalOtherCompensationAmt051254
IRS990/TotalProgramServiceExpensesAmt02612576
IRS990/TotalProgramServiceRevenueAmt03658958
IRS990/TotalReportableCompFromOrgAmt0269610
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03658958
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03658958

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