Civic Intelligence

Noble Academy

990 • Fiscal year 2020 • EIN 87-0790480

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 27, 2021

9477 Decatur Drive NBrooklyn Park, MN 55445

(763) 592-7706

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.70x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.82x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

27th percentile

-3.4%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

66th percentile

$225,037

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

18th percentile

-2.5%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

6.0%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$14,184,225

Down $369,646 (-2.5%) from 2019

Net Assets

Down

$4,228,028

Down $416,520 (-9.0%) from 2019

Liabilities

Up

$9,956,197

Up $46,874 (+0.5%) from 2019

Revenue

Up

$12,208,734

Up $686,470 (+6.0%) from 2019

Expenses

Up

$12,625,254

Up $1,154,735 (+10%) from 2019

Net Income

Down

-$416,520

Down $468,265 (-905%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $2,133,414Liabilities 2010: $783,696Net Assets 2010: $1,349,7182010Assets 2011: $2,883,328Liabilities 2011: $261,840Net Assets 2011: $2,621,4882011Assets 2012: $4,081,552Liabilities 2012: $267,590Net Assets 2012: $3,813,9622012Assets 2013: $5,885,884Liabilities 2013: $355,968Net Assets 2013: $5,529,9162013Assets 2014: $6,252,407Liabilities 2014: $207,134Net Assets 2014: $6,045,2732014Assets 2015: $7,293,945Liabilities 2015: $2,950,627Net Assets 2015: $4,343,3182015Assets 2016: $7,462,611Liabilities 2016: $3,080,523Net Assets 2016: $4,382,0882016Assets 2017: $15,072,271Liabilities 2017: $9,588,977Net Assets 2017: $5,483,2942017Assets 2018: $15,868,647Liabilities 2018: $11,275,844Net Assets 2018: $4,592,8032018Assets 2019: $14,553,871Liabilities 2019: $9,909,323Net Assets 2019: $4,644,5482019Assets 2020: $14,184,225Liabilities 2020: $9,956,197Net Assets 2020: $4,228,0282020Assets 2021: $14,827,066Liabilities 2021: $8,551,021Net Assets 2021: $6,276,0452021Assets 2022: $16,499,150Liabilities 2022: $7,538,885Net Assets 2022: $8,960,2652022Assets 2023: $17,119,957Liabilities 2023: $5,909,360Net Assets 2023: $11,210,5972023Assets 2024: $17,155,141Liabilities 2024: $4,718,787Net Assets 2024: $12,436,3542024Assets 2025: $17,108,355Liabilities 2025: $4,455,912Net Assets 2025: $12,652,4432025

Highlighted filing

2020

Assets$14,184,225
Liabilities$9,956,197
Net Assets$4,228,028

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,258,3052010Revenue 2011: $5,595,893Expenses 2011: $4,324,123Net Income 2011: $1,271,7702011Expenses 2012: $4,584,3022012Expenses 2013: $4,817,0882013Revenue 2014: $5,453,923Expenses 2014: $4,938,566Net Income 2014: $515,3572014Revenue 2015: $5,749,124Expenses 2015: $5,291,308Net Income 2015: $457,8162015Revenue 2016: $7,263,546Expenses 2016: $7,233,603Net Income 2016: $29,9432016Revenue 2017: $9,264,429Expenses 2017: $8,040,958Net Income 2017: $1,223,4712017Revenue 2018: $11,161,481Expenses 2018: $12,051,972Net Income 2018: -$890,4912018Revenue 2019: $11,522,264Expenses 2019: $11,470,519Net Income 2019: $51,7452019Revenue 2020: $12,208,734Expenses 2020: $12,625,254Net Income 2020: -$416,5202020Revenue 2021: $12,839,269Expenses 2021: $10,791,252Net Income 2021: $2,048,0172021Revenue 2022: $11,766,812Expenses 2022: $9,082,592Net Income 2022: $2,684,2202022Revenue 2023: $10,013,926Expenses 2023: $7,763,594Net Income 2023: $2,250,3322023Revenue 2024: $10,425,418Expenses 2024: $9,199,661Net Income 2024: $1,225,7572024Revenue 2025: $9,085,872Expenses 2025: $8,869,783Net Income 2025: $216,0892025

Highlighted filing

2020

Revenue$12,208,734
Expenses$12,625,254
Net Income-$416,520
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 27, 2021
Return Version
2019v5.2
Gross Receipts
$12,215,659
Mission and Program Overview

Mission

To provide quality, relevant and multicultural education for all students which meets the intellectual, creative, and social needs of each child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,211,660--
Cash and Non-Interest-Bearing Accounts$2,271,736$3,063,386▲ $791,650
Cap Stk Tr Prin Current Funds$2,285,958$2,157,263▼ $128,695
Land, Buildings, and Equipment, Net$2,358,434$1,991,835▼ $366,599
Pd in Cap Srpls Land Bldg Eqp Fund$2,358,434$1,991,835▼ $366,599
Savings and Temporary Cash Investments-$616,279-
Pledges and Grants Receivable$1,245,231$382,641▼ $862,590
Prepaid Expenses and Deferred Charges$76,094$95,195▲ $19,101
Rtn Earn Endowment Incm Other Fnds$156$78,930▲ $78,774
Total Assets$14,553,871$14,184,225▼ $369,646
Other Assets Total$5,390,716$8,034,889▲ $2,644,173
Liabilities
Other Liabilities$8,928,214$8,881,971▼ $46,243
Accounts Payable and Accrued Expenses$487,720$580,837▲ $93,117
Mortgage Notes Payable Secured by Investment Property$493,389$493,389→ $0
Total Liabilities$9,909,323$9,956,197▲ $46,874
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,644,548$4,228,028▼ $416,520
Total Liabilities and Net Assets / Fund Balance$14,553,871$14,184,225▼ $369,646

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,157,235$1,634,758$2,791,993
Buildings$834,600$172,072$1,006,672
Other Assets Org$3,428,268--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mai Yia ChangDeputy Superintendent of AcademicsFT$181,346$43,691$225,037
Neal ThaoSuperintendentFT$187,486$31,142$218,628
Xee YangFormer ChairFT$53,018$8,977$61,995
Denise CookFormer TreasurerFT$51,412$8,641$60,053
Samantha StewartMemberFT$41,504$7,720$49,224

Board Members and Trustees

NameTitle
Xao VueChair
Juan RiveraVice Chair
Shawn YangMember
Thay MouaMember
Nua XiongSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Pride Transportation Bus Services LLCStudent Transportation45 IVY AVE W, St Paul, MN 55117$1,220,705
Ckc Good FoodFood ServicePO BOX 431419, Minneapolis, MN 55443$766,617
Mtn - Metropolitan TransportationStudent Transportation8260 HICKORY STREET NE, Minneapolis, MN 55432$336,276
Horace Mann Insurance CompanyInsurancePO BOX 19219, Springfield, IL 62794$129,877
The Anton GroupFinancial Consulting And Accounting2303 WYCLIFF ST SUITE W-100, St Paul, MN 55114$108,083
Revenue and Support

Revenue Composition

Contributions and Grants
$12,052,985
Program Service Revenue
$142,637
Investment Income
$19,218
Other Revenue
$-6,106
All Other Contributions
$13,658
Change in Net Assets
$-416,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,506,884
Salaries, Compensation, and Employee Benefits$6,118,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,995,565$709,323-$3,704,888
Royalties$2,158,188$69,271-$2,227,459
Travel$1,589,987$9,043-$1,599,030
Pension Plan Contributions$811,576$176,813-$988,389
Current Officers, Directors, Trustees, and Key Employees$180,442$489,780-$670,222
Depreciation Depletion$433,167$25,472-$458,639
Other Employee Benefits$252,602$191,733-$444,335
Fees for Services Other$50,593$298,230-$348,823
Payroll Taxes$233,156$77,380-$310,536
Occupancy$62$235,881-$235,943
Fees for Services Accounting-$127,233-$127,233
Advertising-$45,279-$45,279
Insurance-$42,210-$42,210
Other Expenses$1,252$32,089-$33,341
All Other Expenses$12,401$12,285-$24,686
Total Functional Expenses$9,927,288$2,697,966$0$12,625,254
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$4,625,836
Deferred Inflows of Resources - Pensions$4,256,135
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All staff members who are employed at the school, including teachers providing instruction under a cooperative, and all parents of children enrolled in the school are members.

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

All staff members who are employed at the school, including teachers providing instruction under a cooperative, and all parents of children enrolled in the school may vote in the board member election. Each family of an enrolled student will get a maximum of two votes. Those votes will be cast by the parents or legal gaurdians of the student only.

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

The form 990 is prepared by an independent public accounting firm and reviewed by the school's finance committee and approved by the board prior to submision to the irs.

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

The conflict of interest policy is monitored by the board of directors on a regular basis. Any conflict of interest issues, in appearance or fact, are thoroughly reviewed prior to any formal decision being made on the course of action determined by the commissioner of education. Interested persons are prohibited from serving as a member of the school's board of directors if also as an employee or agent of (directly or indirectly) a for-profit entity in which the school contracts all proceedings are docuemnted in the meeting minutes or as otherwise appropriate.

Form 990, Part VI, Section B, Line 15A

The board reviews the chief executive officer's performance and uses market rate analysis to determine the compensation for the position. The school director uses the starting pay scale based on number of years of experience in the classroom to determine the school teachers' compensation. This process was last reviewed and approved in 2016.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Noble Academy
EIN
87-0790480
Phone
7635927706
Address
9477 DECATUR DRIVE N, BROOKLYN PARK, MN 55445

Signing Officer

Name
Neal Thao
Title
Superintendent
Phone
7635927706
Signed
2021-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Thao
Formed
2005
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
118
Volunteers
25

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56301
Preparer
Shelley M Gaetz
Phone
3202510286
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

The school changed the reporting of their basis of accounting from modified accrual to accural in conformity with internal revenue service guidelines.

Financial Statement Notes

PART X, LINE 2:

The academy is recognized by the internal revenue service as a not-for-profit organization under irs code section 501(c)(3). Due to the not-for-profit nature and provision of the academy, all income and expenses attributable to the mission of the academy are tax exempt and accordingly no provision or liability for income taxes have been made in the financial statements and contributions to the academy are tax deductible to donors as allowed by irs regulations. However, the academy is required to pay state and federal income taxes on unrelated business income. If the academy were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The academy is open and subject to examination generally for three years after the filing date.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0DEPUTY SUPERINTENDENT OF ACADEMICS
IRS990/Form990PartVIISectionAGrp/TitleTxt1SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9FORMER TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt012039327
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt012215659
IRS990/GrossSalesOfInventoryAmt0819
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt042210
IRS990/InsuranceGrp/TotalAmt042210
IRS990/InvestmentIncomeGrp/ExclusionAmt019218
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019218
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01806830
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02358434
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01991835
IRS990/LandBldgEquipCostOrOtherBssAmt03798665
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE QUALITY, RELEVANT AND MULTICULTURAL EDUCATION FOR ALL STUDENTS WHICH MEETS THE INTELLECTUAL, CREATIVE, AND SOCIAL NEEDS OF EACH CHILD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0493389
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0493389
IRS990/NetAssetsOrFundBalancesBOYAmt04644548
IRS990/NetAssetsOrFundBalancesEOYAmt04228028
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-6106
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-6106
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0235881
IRS990/OccupancyGrp/ProgramServicesAmt062
IRS990/OccupancyGrp/TotalAmt0235943
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05390716
IRS990/OtherAssetsTotalGrp/EOYAmt08034889
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0191733
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0252602
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0444335
IRS990/OtherExpensesGrp/Desc0FOOD / MILK
IRS990/OtherExpensesGrp/Desc1NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04182
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1151762
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232089
IRS990/OtherExpensesGrp/ProgramServicesAmt0979295
IRS990/OtherExpensesGrp/ProgramServicesAmt151784
IRS990/OtherExpensesGrp/ProgramServicesAmt2177218
IRS990/OtherExpensesGrp/ProgramServicesAmt31252
IRS990/OtherExpensesGrp/TotalAmt0983477
IRS990/OtherExpensesGrp/TotalAmt1203546
IRS990/OtherExpensesGrp/TotalAmt2177218
IRS990/OtherExpensesGrp/TotalAmt333341
IRS990/OtherLiabilitiesGrp/BOYAmt08928214
IRS990/OtherLiabilitiesGrp/EOYAmt08881971
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0709323
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02995565
IRS990/OtherSalariesAndWagesGrp/TotalAmt03704888
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03211660
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt077380
IRS990/PayrollTaxesGrp/ProgramServicesAmt0233156
IRS990/PayrollTaxesGrp/TotalAmt0310536
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02358434
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01991835
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0176813
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0811576
IRS990/PensionPlanContributionsGrp/TotalAmt0988389
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01245231
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0382641
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt076094
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt095195
IRS990/PrincipalOfficerNm0NEAL THAO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127576
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127576
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011440567
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023323
IRS990/PYOtherExpensesAmt07374288
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt058374
IRS990/PYRevenuesLessExpensesAmt051745
IRS990/PYSalariesCompEmpBnftPaidAmt04096231
IRS990/PYTotalExpensesAmt011470519
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011522264
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-416520
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0142637
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt069271
IRS990/RoyaltiesGrp/ProgramServicesAmt02158188
IRS990/RoyaltiesGrp/TotalAmt02227459
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0156
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt078930
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0616279
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/BookValueAmt0834600
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0172072
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01006672
IRS990ScheduleD/EquipmentGrp/BookValueAmt01157235
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01634758
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02791993
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04597284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23428268
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES - PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2AMOUNTS OWED FROM BUILDING COMPANIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04625836
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14256135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES - PENSIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE ACADEMY, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ACADEMY ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ACADEMY ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ACADEMY IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ACADEMY WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ACADEMY IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01991835
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08034889
IRS990ScheduleD/TotalLiabilityAmt08881971
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/ExplanationTxt0INFORMATION PERTAINING TO THE SCHOOL'S NONDISCRIMINATORY POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1IN MINNESOTA, CHARTER SCHOOLS ARE CONSIDERED PUBLIC SCHOOLS AND, AS SUCH, RECEIVE GENERAL EDUCATION AND SPECIAL EDUCATION AIDS IN ACCORDANCE WITH MINNESOTA DEPARTMENT OF EDUCATION FUNDING FORMULAS. THE SCHOOL ALSO RECEIVES PASS THROUGH FUNDING THROUGH THE MINNESOTA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.1$4.46$12.7$9.09$8.87$0.22
2024Detailed filing. Detailed filing data is available for this year.$17.2$4.72$12.4$10.4$9.20$1.23
2023Detailed filing. Detailed filing data is available for this year.$17.1$5.91$11.2$10.0$7.76$2.25
2022Detailed filing. Detailed filing data is available for this year.$16.5$7.54$8.96$11.8$9.08$2.68
2021Detailed filing. Detailed filing data is available for this year.$14.8$8.55$6.28$12.8$10.8$2.05
2020Detailed filing. Detailed filing data is available for this year.$14.2$9.96$4.23$12.2$12.6$0.42
2019Detailed filing. Detailed filing data is available for this year.$14.6$9.91$4.64$11.5$11.5$0.05
2018Detailed filing. Detailed filing data is available for this year.$15.9$11.3$4.59$11.2$12.1$0.89
2017Detailed filing. Detailed filing data is available for this year.$15.1$9.59$5.48$9.26$8.04$1.22
2016Detailed filing. Detailed filing data is available for this year.$7.46$3.08$4.38$7.26$7.23$0.03
2015Detailed filing. Detailed filing data is available for this year.$7.29$2.95$4.34$5.75$5.29$0.46
2014Detailed filing. Detailed filing data is available for this year.$6.25$0.21$6.05$5.45$4.94$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$0.36$5.53$4.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$0.27$3.81$4.58
2011Summary only. Only limited summary data is available for this year.$2.88$0.26$2.62$5.60$4.32$1.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.78$1.35$5.26