Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
990 • Fiscal year 2022 • EIN 84-2942167
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
49th percentile
Higher net margin than 49% of similar nonprofits.
Top Officer Pay
66th percentile
Higher top officer pay than 66% of similar nonprofits.
Top officer pay equals 7.8% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Assets
Up$770,109
Up $568,557 (+282%) from 2021
Net Assets
Up$25,077
Up $22,784 (+994%) from 2021
Liabilities
Up$745,032
Up $545,773 (+274%) from 2021
Revenue
Up$1,194,518
Up $146,615 (+14%) from 2021
Expenses
Up$1,118,501
Up $48,415 (+4.5%) from 2021
Net Income
Up$76,017
Up $98,200 (+443%) from 2021
Innovation science and technology academy charter school will develop talented student innovators using a cutting-edge curriculum with the collaborative support of staff, parents, and community. The collaborative culture and healthy school climate will foster personalized learning, and ignite the power of imagination and creativity in our students, who will grow to be critical thinkers, problem solvers, and agents of change.
To develop student innovators with the collaborative support of all the stakeholders.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $111,540 | $222,431 | ▲ $110,891 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $27,541 | ▲ $27,541 |
| Cash and Non-Interest-Bearing Accounts | $45,431 | $22,094 | ▼ $23,337 |
| Prepaid Expenses and Deferred Charges | $20,000 | $0 | ▼ $20,000 |
| Land, Buildings, and Equipment, Net | $0 | $5,299 | ▲ $5,299 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $24,055 | $5,099 | ▼ $18,956 |
| Cap Stk Tr Prin Current Funds | $-21,762 | $-7,563 | ▲ $14,199 |
| Total Assets | $201,552 | $770,109 | ▲ $568,557 |
| Other Assets Total | $24,581 | $520,285 | ▲ $495,704 |
| Liabilities | |||
| Other Liabilities | $0 | $549,137 | ▲ $549,137 |
| Accounts Payable and Accrued Expenses | $199,259 | $195,895 | ▼ $3,364 |
| Total Liabilities | $199,259 | $745,032 | ▲ $545,773 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,293 | $25,077 | ▲ $22,784 |
| Total Liabilities and Net Assets / Fund Balance | $201,552 | $770,109 | ▲ $568,557 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $5,299 | - | $5,299 |
| Other Assets Org | $7,200 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Omotoke Olatoye | Executive Director | FT | $80,584 | $13,147 | $93,731 |
| Abdi Ahmed | Secretary/teacher | FT | $47,600 | $3,926 | $51,526 |
| Name | Title |
|---|---|
| Elizabeth Jingwa | Board Chair |
| Adebimpe Diji | Director |
| Anna Young | Director |
| Chimi Njipwo | Director |
| Khalid Ansari | Director |
| Yien Douth | Director |
| Miranda Adio | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $587,347 |
| Other Expenses | $531,154 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $374,134 | $9,362 | - | $383,496 |
| Occupancy | $148,987 | - | - | $148,987 |
| Current Officers, Directors, Trustees, and Key Employees | $47,061 | $80,117 | - | $127,178 |
| Office Expenses | $121,201 | $3,286 | - | $124,487 |
| Travel | $118,254 | - | - | $118,254 |
| Fees for Services Other | $23,995 | $65,585 | - | $89,580 |
| Payroll Taxes | $26,262 | $7,341 | - | $33,603 |
| Pension Plan Contributions | $24,343 | $1,187 | - | $25,530 |
| Other Employee Benefits | $12,971 | $4,569 | - | $17,540 |
| Insurance | $4,383 | - | - | $4,383 |
| All Other Expenses | $460 | $1,989 | - | $2,449 |
| Other Expenses | $2,442 | $3,650 | - | $2,442 |
| Depreciation Depletion | $2,400 | - | - | $2,400 |
| Interest | $960 | - | - | $960 |
| Conferences and Meetings | $724 | - | - | $724 |
| Total Functional Expenses | $941,415 | $177,086 | $0 | $1,118,501 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,123,600 |
| Total Expenses per Form 990 | $1,118,501 |
| Expenses per Audited Statements | $1,116,101 |
| Expenses Not Reported on Form 990 | $7,499 |
| Expenses Not Reported on Financial Statements | $2,400 |
| Other Expense Adjustments | $2,400 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Pension Deferred Inflows | $340,850 |
| Net Pension Liability | $200,887 |
| Lease Liability | $7,400 |
“The school does not have any committees that have authority to act on behalf of the governing body.”
“The form 990 is prepared by an independent accounting firm and will be presented to board members at a board meeting for review.”
“The conflict of interest policy covers all board members and employees. Conflict is determined to exist if there is use of school resources or influence of school office or employment for private gain or advantage, acceptance of money or valuable gift from anyone other than the school in relation to regular official duties, or employment or financial agreement with a business which has a relationship with the school. If any conflict of interest exists (at any level) it is reviewed by the board at the board meeting. If an actual conflict were to exist, they would be restricted from related activities. The process is documented in meeting minutes.”
“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
“Change in pension liability -53,233.”
“The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide 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.”
“The process for oversight and selection of an independent account has not changed from the prior year.”
“Capitalized expenditures 5,299. Payments on long-term leases 2,200.”
“Amortization expense 2,400.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 199259 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 195895 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 111540 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 222431 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO DEVELOP STUDENT INNOVATORS WITH THE COLLABORATIVE SUPPORT OF ALL THE STAKEHOLDERS. |
| IRS990/AllOtherContributionsAmt | 0 | 2103 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1989 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 460 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2449 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DR OMOTOKE OLATOYE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7633390642 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 6717 85TH AVENUE N |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BROOKLYN PARK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55445 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | -21762 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | -7563 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 45431 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 22094 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 80117 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 47061 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 127178 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 724 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 724 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1194469 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 49 |
| IRS990/CYOtherExpensesAmt | 0 | 531154 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 76017 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 587347 |
| IRS990/CYTotalExpensesAmt | 0 | 1118501 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1194518 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 2400 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2400 |
| IRS990/Desc | 0 | INNOVATION SCIENCE AND TECHNOLOGY ACADEMY CHARTER SCHOOL, A STEM-FOCUSED, HIGH-QUALITY CHARTER SCHOOL, IS HIGHLY COMMITTED TO DEVELOPING GLOBALLY CONSCIOUS STUDENT INNOVATORS IN A SMALL CLASS SIZE SETTING USING A RIGOROUS AND AN INNOVATIVE PERSONALIZED LEARNING CURRICULUM WITH THE COLLABORATIVE SUPPORT OF OUR PARENTS AND COMMUNITY.INNOVATION ACADEMY IS HIGHLY COMMITTED TO HELPING OUR SCHOLARS DEVELOP THE HABITS OF SUCCESS, CRITICAL THINKING SKILLS, PROBLEM SOLVING SKILLS, AND A SENSE OF IMAGINATION NEEDED TO THRIVE IN THE 21ST CENTURY AND BEYOND. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | INNOVATION ACADEMY |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 23 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 941415 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 65585 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 23995 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 89580 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 42.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 3926 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 13147 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ABDI AHMED |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MIRANDA ADIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ELIZABETH JINGWA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ADEBIMPE DIJI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KHALID ANSARI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | YIEN DOUTH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CHIMI NJIPWO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ANNA YOUNG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | OMOTOKE OLATOYE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 47600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 80584 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | SECRETARY/TEACHER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2019 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 1192366 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1194518 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 4383 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4383 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 960 |
| IRS990/InterestGrp/TotalAmt | 0 | 960 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 49 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 49 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 5299 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 5299 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingOtherInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | INNOVATION SCIENCE AND TECHNOLOGY ACADEMY CHARTER SCHOOL WILL DEVELOP TALENTED STUDENT INNOVATORS USING A CUTTING-EDGE CURRICULUM WITH THE COLLABORATIVE SUPPORT OF STAFF, PARENTS, AND COMMUNITY. THE COLLABORATIVE CULTURE AND HEALTHY SCHOOL CLIMATE WILL FOSTER PERSONALIZED LEARNING, AND IGNITE THE POWER OF IMAGINATION AND CREATIVITY IN OUR STUDENTS, WHO WILL GROW TO BE CRITICAL THINKERS, PROBLEM SOLVERS, AND AGENTS OF CHANGE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2293 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 25077 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 148987 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 148987 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3286 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 121201 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 124487 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 24581 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 520285 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -53233 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 4569 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 12971 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 17540 |
| IRS990/OtherExpensesGrp/Desc | 0 | SPECIAL EDUCATION |
| IRS990/OtherExpensesGrp/Desc | 1 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | CAPITAL EXPENDITURE |
| IRS990/OtherExpensesGrp/Desc | 3 | SHORT-TERM LEASE PAYMEN |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 3650 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 20018 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 9737 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 3083 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 2442 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20018 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 9737 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6733 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2442 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 549137 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 9362 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 374134 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 383496 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 7341 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 26262 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 33603 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 24055 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 5099 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 1187 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 24343 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 25530 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 20000 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | DR OMOTOKE OLATOYE |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1047892 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 11 |
| IRS990/PYOtherExpensesAmt | 0 | 697103 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -22183 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 372983 |
| IRS990/PYTotalExpensesAmt | 0 | 1070086 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1047903 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 76017 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 27541 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 5299 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 5299 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 7499 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 2400 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1116101 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 513085 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 7200 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED PENSION OUTFLOWS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RIGHT-TO-USE LEASE EQUIPMENT, NET OF AMORTIZATION |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 7499 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 2400 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 340850 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 200887 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 7400 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PENSION DEFERRED INFLOWS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | NET PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | LEASE LIABILITY |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1194518 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | CAPITALIZED EXPENDITURES 5,299. PAYMENTS ON LONG-TERM LEASES 2,200. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | AMORTIZATION EXPENSE 2,400. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 5299 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 520285 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1118501 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 549137 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1194518 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1194518 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1123600 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 0 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL'S NON-DISCRIMINATION POLICY IS PUBLISHED ON THEIR WEBSITE, BUT NOT ON THE ORGANIZATION'S HOMEPAGE. IT CAN ALSO BE FOUND IN THE STUDENT HANDBOOK. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 2 | THE SCHOOL'S NON-DISCRIMINATION POLICY IS PUBLISHED ON THEIR WEBSITE, BUT NOT ON THE ORGANIZATION'S HOMEPAGE. IT CAN ALSO BE FOUND IN THE STUDENT HANDBOOK. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | SCHEDULE E, PART I, LINE 7 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND WILL BE PRESENTED TO BOARD MEMBERS AT A BOARD MEETING FOR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES. CONFLICT IS DETERMINED TO EXIST IF THERE IS USE OF SCHOOL RESOURCES OR INFLUENCE OF SCHOOL OFFICE OR EMPLOYMENT FOR PRIVATE GAIN OR ADVANTAGE, ACCEPTANCE OF MONEY OR VALUABLE GIFT FROM ANYONE OTHER THAN THE SCHOOL IN RELATION TO REGULAR OFFICIAL DUTIES, OR EMPLOYMENT OR FINANCIAL AGREEMENT WITH A BUSINESS WHICH HAS A RELATIONSHIP WITH THE SCHOOL. IF ANY CONFLICT OF INTEREST EXISTS (AT ANY LEVEL) IT IS REVIEWED BY THE BOARD AT THE BOARD MEETING. IF AN ACTUAL CONFLICT WERE TO EXIST, THEY WOULD BE RESTRICTED FROM RELATED ACTIVITIES. THE PROCESS IS DOCUMENTED IN MEETING MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CHANGE IN PENSION LIABILITY -53,233. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE 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/ExplanationTxt | 6 | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XII, LINE 1: EXPLANATION FOR METHOD OF ACCOUNTING |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 2C: |
| IRS990/SchoolOperatingInd | 0 | 1 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 201552 |
| IRS990/TotalAssetsEOYAmt | 0 | 770109 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 201552 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 770109 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 1194469 |
| IRS990/TotalEmployeeCnt | 0 | 23 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 177086 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 941415 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1118501 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 199259 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 745032 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 199259 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 745032 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2293 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 25077 |
| IRS990/TotalOtherCompensationAmt | 0 | 17073 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 941415 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 128184 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 49 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1194518 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 6 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 201552 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 770109 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 118254 |
| IRS990/TravelGrp/TotalAmt | 0 | 118254 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 6717 85TH AVE N |
| IRS990/USAddress/CityNm | 0 | BROOKLYN PARK |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 55445 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 8 |
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Displayed year
2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
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