Civic Intelligence

Innovation Science and Technologyy Academy

990 • Fiscal year 2024 • EIN 84-2942167

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 28, 2025

Organization ProfileWWW.INNOVATIONSTA.ORG
3397 Coon Rapids BlvdCoon Rapids, MN 55433

(763) 339-0642

Siviq Scores

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

Liabilities / Assets

95th percentile

1.11x

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

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

Liabilities / Revenue

86th percentile

0.76x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$118,209

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

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

Asset Growth

95th percentile

109%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

91st percentile

102%

Faster revenue growth than 91% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,621,395

Up $845,975 (+109%) from 2023

Net Assets

Down

-$178,744

Down $132,976 (-291%) from 2023

Liabilities

Up

$1,800,139

Up $978,951 (+119%) from 2023

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin89th percentile

Revenue

Up

$2,353,703

Up $1,187,550 (+102%) from 2023

Expenses

Up

$1,240,108

Up $4,056 (+0.3%) from 2023

Net Income

Up

$1,113,595

Up $1,183,494 (+1693%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2021: $201,552Liabilities 2021: $199,259Net Assets 2021: $2,2932021Assets 2022: $770,109Liabilities 2022: $745,032Net Assets 2022: $25,0772022Assets 2023: $775,420Liabilities 2023: $821,188Net Assets 2023: -$45,7682023Assets 2024: $1,621,395Liabilities 2024: $1,800,139Net Assets 2024: -$178,7442024Assets 2025: $1,899,794Liabilities 2025: $2,315,410Net Assets 2025: -$415,6162025

Highlighted filing

2024

Assets$1,621,395
Liabilities$1,800,139
Net Assets-$178,744
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,047,903Expenses 2021: $1,070,086Net Income 2021: -$22,1832021Revenue 2022: $1,194,518Expenses 2022: $1,118,501Net Income 2022: $76,0172022Revenue 2023: $1,166,153Expenses 2023: $1,236,052Net Income 2023: -$69,8992023Revenue 2024: $2,353,703Expenses 2024: $1,240,108Net Income 2024: $1,113,5952024Revenue 2025: $2,079,946Expenses 2025: $1,523,029Net Income 2025: $556,9172025

Highlighted filing

2024

Revenue$2,353,703
Expenses$1,240,108
Net Income$1,113,595
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 28, 2025
Return Version
2023v6.0
Gross Receipts
$2,353,703
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,607$65,098▲ $56,491
Cash and Non-Interest-Bearing Accounts$17,328$47,585▲ $30,257
Accounts Receivable$108,321$44,567▼ $63,754
Prepaid Expenses and Deferred Charges$2,843$0▼ $2,843
Pd in Cap Srpls Land Bldg Eqp Fund$9,929$-18,733▼ $28,662
Cap Stk Tr Prin Current Funds$-64,304$-225,109▼ $160,805
Total Assets$775,420$1,621,395▲ $845,975
Other Assets Total$646,928$1,529,243▲ $882,315
Liabilities
Other Liabilities$666,597$1,645,186▲ $978,589
Accounts Payable and Accrued Expenses$154,591$154,953▲ $362
Total Liabilities$821,188$1,800,139▲ $978,951
Net Assets / Fund Balance
Total Net Assets Fund Balance$-45,768$-178,744▼ $132,976
Total Liabilities and Net Assets / Fund Balance$775,420$1,621,395▲ $845,975

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,070,466--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Omotoke OlatoyeExecutive DirectorFT$90,000$28,209$118,209
Abdinasser AhmedSecretaryFT$30,371$4,932$35,303
Sadia RaniDirector/teacherFT$22,144$3,485$25,629

Board Members and Trustees

NameTitle
Elizabeth JingwaBoard Chair
Adebimpe DijiDirector
Khalid AnsariDirector
Lamya SadiqDirector
Muhammad RasheedDirector
Shukri AhmedDirector
Yien DouthDirector
Miranda AdioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,205,545
Program Service Revenue
$0
Investment Income
$95
Other Revenue
$1,148,063
All Other Contributions
$1,205,545
Change in Net Assets
$1,113,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,353,703
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,353,703
Total Revenue per Form 990
$2,353,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$771,396
Salaries, Compensation, and Employee Benefits$468,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$255,938--$255,938
Travel$185,666--$185,666
Current Officers, Directors, Trustees, and Key Employees$45,643$119,278-$164,921
Fees for Services Other$26,014$120,858-$146,872
Office Expenses$130,200$8,040-$138,240
Interest$96,699--$96,699
Depreciation Depletion$92,631--$92,631
Payroll Taxes$20,558$6,220-$26,778
Pension Plan Contributions$21,045$30-$21,075
Other Expenses$16,502$15,643-$16,502
Occupancy$15,214--$15,214
All Other Expenses$4,939$1,086-$6,025
Fees for Services Accounting-$3,114-$3,114
Insurance$2,578--$2,578
Fees for Services Legal-$540-$540
Total Functional Expenses$965,299$274,809$0$1,240,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,359,509
Total Expenses per Form 990$1,240,108
Expenses Not Reported on Form 990$1,212,032
Expenses per Audited Statements$1,147,477
Expenses Not Reported on Financial Statements$92,631
Other Expense Adjustments$92,631
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
Lease Liability$1,089,199
Net Pension Liability$490,571
Pension Deferred Inflows$65,416
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The school does not have any committees that have authority to act on behalf of the governing body.”

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

“The form 990 is prepared by an independent accounting firm and will be presented to board members at a board meeting for review.”

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

“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.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Innovation Science & Technology Academy
EIN
84-2942167
Phone
7633390642
Address
3397 COON RAPIDS BLVD, COON RAPIDS, MN 55433
Doing Business As
Innovation Academy

Signing Officer

Name
Dr Omotoke Olatoye
Title
Executive Director
Phone
7633390642
Signed
2025-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Omotoke Olatoye
Formed
2019
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
8
Employees
21
Volunteers
8

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 26,014. Management and general expenses 120,858. Fundraising expenses 0. Total expenses 146,872.”

FORM 990, PART XI, LINE 9:

“Change in pension liability -67,612. Lease proceeds -1,148,063. Gasb adjustment -30,896.”

FORM 990, PART XII, LINE 1: EXPLANATION FOR METHOD OF ACCOUNTING

“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.”

FORM 990, PART XII, LINE 2C:

“The process for oversight and selection of an independent account has not changed from the prior year.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Capitalized expenditures 1,148,063. Payments on long-term leases 63,969.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Amortization expense 92,631.”

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherAssetsTotalGrp/EOYAmt01529243
IRS990/OtherChangesInNetAssetsAmt0-1246571
IRS990/OtherExpensesGrp/Desc0SPECIAL EDUCATION
IRS990/OtherExpensesGrp/Desc1CAPITAL OUTLAY
IRS990/OtherExpensesGrp/Desc2DUES MEMBERSHIPS, AND L
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015643
IRS990/OtherExpensesGrp/ProgramServicesAmt025649
IRS990/OtherExpensesGrp/ProgramServicesAmt121203
IRS990/OtherExpensesGrp/ProgramServicesAmt24820
IRS990/OtherExpensesGrp/ProgramServicesAmt316502
IRS990/OtherExpensesGrp/TotalAmt025649
IRS990/OtherExpensesGrp/TotalAmt121203
IRS990/OtherExpensesGrp/TotalAmt220463
IRS990/OtherExpensesGrp/TotalAmt316502
IRS990/OtherLiabilitiesGrp/BOYAmt0666597
IRS990/OtherLiabilitiesGrp/EOYAmt01645186
IRS990/OtherRevenueMiscGrp/BusinessCd0990099
IRS990/OtherRevenueMiscGrp/Desc0LEASE PROCEEDS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01148063
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01148063
IRS990/OtherRevenueTotalAmt01148063
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0255938
IRS990/OtherSalariesAndWagesGrp/TotalAmt0255938
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06220
IRS990/PayrollTaxesGrp/ProgramServicesAmt020558
IRS990/PayrollTaxesGrp/TotalAmt026778
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt09929
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-18733
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt030
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021045
IRS990/PensionPlanContributionsGrp/TotalAmt021075
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02843
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DR OMOTOKE OLATOYE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01166086
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt067
IRS990/PYOtherExpensesAmt0779493
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-69899
IRS990/PYSalariesCompEmpBnftPaidAmt0456559
IRS990/PYTotalExpensesAmt01236052
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01166153
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01113595
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08607
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065098
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt01212032
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt092631
IRS990ScheduleD/ExpensesSubtotalAmt01147477
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0458777
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11070466
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED PENSION OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-TO-USE LEASE EQUIPMENT, NET
IRS990ScheduleD/OtherExpensesIncludedAmt01212032
IRS990ScheduleD/OtherExpensesNotIncludedAmt092631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1490571
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21089199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02353703
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITALIZED EXPENDITURES 1,148,063. PAYMENTS ON LONG-TERM LEASES 63,969.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AMORTIZATION EXPENSE 92,631.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01529243
IRS990ScheduleD/TotalExpensesPerForm990Amt01240108
IRS990ScheduleD/TotalLiabilityAmt01645186
IRS990ScheduleD/TotalRevenuePerForm990Amt02353703
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02353703
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02359509
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
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/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE 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/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 7
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND WILL BE PRESENTED TO BOARD MEMBERS AT A BOARD MEETING FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 26,014. MANAGEMENT AND GENERAL EXPENSES 120,858. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 146,872.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGE IN PENSION LIABILITY -67,612. LEASE PROCEEDS -1,148,063. GASB ADJUSTMENT -30,896.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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/ExplanationTxt7THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1: EXPLANATION FOR METHOD OF ACCOUNTING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0775420
IRS990/TotalAssetsEOYAmt01621395
IRS990/TotalAssetsGrp/BOYAmt0775420
IRS990/TotalAssetsGrp/EOYAmt01621395
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01205545
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0274809
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0965299
IRS990/TotalFunctionalExpensesGrp/TotalAmt01240108
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0821188
IRS990/TotalLiabilitiesEOYAmt01800139
IRS990/TotalLiabilitiesGrp/BOYAmt0821188
IRS990/TotalLiabilitiesGrp/EOYAmt01800139
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-45768
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-178744
IRS990/TotalOtherCompensationAmt036626
IRS990/TotalProgramServiceExpensesAmt0965299
IRS990/TotalReportableCompFromOrgAmt0142515
IRS990/TotalRevenueGrp/ExclusionAmt01148158
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02353703
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0775420

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,621,395
Liabilities
$1,800,139
Net assets
-$178,744
Revenue
$2,353,703
Expenses
$1,240,108
Net income
$1,113,595
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$2.32$0.42$2.08$1.52$0.56
2024Detailed filing. Detailed filing data is available for this year.$1.62$1.80$0.18$2.35$1.24$1.11
2023Detailed filing. Detailed filing data is available for this year.$0.78$0.82$0.05$1.17$1.24$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.75$0.03$1.19$1.12$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.20$0.00$1.05$1.07$0.02