Civic Intelligence

Noble Academy

990 • Fiscal year 2022 • EIN 87-0790480

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 23, 2023

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

74th percentile

0.46x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.64x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$279,589

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-8.4%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$16,499,150

Up $1,672,084 (+11%) from 2021

Net Assets

Up

$8,960,265

Up $2,684,220 (+43%) from 2021

Liabilities

Down

$7,538,885

Down $1,012,136 (-12%) from 2021

Revenue

Down

$11,766,812

Down $1,072,457 (-8.4%) from 2021

Expenses

Down

$9,082,592

Down $1,708,660 (-16%) from 2021

Net Income

Up

$2,684,220

Up $636,203 (+31%) from 2021

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

2022

Assets$16,499,150
Liabilities$7,538,885
Net Assets$8,960,265

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

2022

Revenue$11,766,812
Expenses$9,082,592
Net Income$2,684,220
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 23, 2023
Return Version
2021v4.2
Gross Receipts
$11,766,812
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
Cash and Non-Interest-Bearing Accounts$4,721,907$8,951,325▲ $4,229,418
Cap Stk Tr Prin Current Funds$4,316,608$6,990,297▲ $2,673,689
Land, Buildings, and Equipment, Net$1,651,918$1,365,019▼ $286,899
Pd in Cap Srpls Land Bldg Eqp Fund$1,651,918$1,365,019▼ $286,899
Pledges and Grants Receivable$1,806,770$1,186,956▼ $619,814
Savings and Temporary Cash Investments$561,449$609,609▲ $48,160
Rtn Earn Endowment Incm Other Fnds$307,519$604,949▲ $297,430
Prepaid Expenses and Deferred Charges$68,892$359,206▲ $290,314
Total Assets$14,827,066$16,499,150▲ $1,672,084
Other Assets Total$6,016,130$4,027,035▼ $1,989,095
Liabilities
Other Liabilities$8,068,975$7,119,077▼ $949,898
Accounts Payable and Accrued Expenses$454,446$365,808▼ $88,638
Deferred Revenue$27,600$54,000▲ $26,400
Total Liabilities$8,551,021$7,538,885▼ $1,012,136
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,276,045$8,960,265▲ $2,684,220
Total Liabilities and Net Assets / Fund Balance$14,827,066$16,499,150▲ $1,672,084

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$593,650$2,084,792$2,678,442
Buildings$771,369$248,903$1,020,272
Other Assets Org$1,867,249--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mai Yia ChangSuperintendent (ex-officio)FT$160,000$119,589$279,589
Neal ThaoCEO (ex-officio)-$77,500$72,867$150,367
Chai VangChairFT$55,772$9,776$65,548

Board Members and Trustees

NameTitle
Jerry YangVice Chair
Chong Wang ChangFormer Member
Juan RiveraFormer Member
Jessica XiongMember
Larnix MouaMember
Mai Blia FortinMember
A Pakou MouaSecretary
Pheng VueTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Excellence In EducationCharter Management Organization9837 LINDEN AVE N, Brooklyn Park, MN 55443$1,371,742
Southwest Foodservice Excellence LLCFood ServicePO BOX 29338, Phoenix, AZ 85038$516,908
Northstar Bus LinesStudent Transportation11800 95TH AVE N, Maple Grove, MN 55369$354,577
Horace Mann Insurance CompanyInsurancePO BOX 19219, Springfield, IL 62794$122,016
Revenue and Support

Revenue Composition

Contributions and Grants
$11,718,212
Program Service Revenue
$29,169
Investment Income
$19,431
Other Revenue
$0
All Other Contributions
$350
Change in Net Assets
$2,684,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,717,934
Salaries, Compensation, and Employee Benefits$3,364,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,075,309$271,700-$2,347,009
Occupancy$1,766,187$210,337-$1,976,524
Fees for Services Other$1,298,447$128,337-$1,426,784
Travel$662,735$718-$663,453
Current Officers, Directors, Trustees, and Key Employees$67,841$289,629-$357,470
Other Employee Benefits$195,343$150,117-$345,460
Depreciation Depletion$280,293$23,506-$303,799
Payroll Taxes$158,997$31,730-$190,727
Pension Plan Contributions$182,299$-58,307-$123,992
All Other Expenses$29,530$42,384-$71,914
Other Expenses$70,843$64,191-$70,843
Insurance-$48,855-$48,855
Advertising-$33,390-$33,390
Fees for Services Accounting-$16,440-$16,440
Total Functional Expenses$7,775,802$1,306,790$0$9,082,592
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
Deferred Inflows of Resources - Pensions$4,969,358
Net Pension Liability$2,149,719
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 documented 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
Mai Yia Chang
Title
Superintendent
Phone
7635927706
Signed
2023-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mai Yia Chang
Formed
2005
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
8
Employees
77
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 IX, Line 11G

Other professional fees: program service expenses 1,298,447. Management and general expenses 128,337. Fundraising expenses 0. Total expenses 1,426,784.

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/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0SUPERINTENDENT (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt011717862
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011766812
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt048855
IRS990/InsuranceGrp/TotalAmt048855
IRS990/InvestmentIncomeGrp/ExclusionAmt019431
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019431
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02333695
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01651918
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01365019
IRS990/LandBldgEquipCostOrOtherBssAmt03698714
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/NetAssetsOrFundBalancesBOYAmt06276045
IRS990/NetAssetsOrFundBalancesEOYAmt08960265
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0210337
IRS990/OccupancyGrp/ProgramServicesAmt01766187
IRS990/OccupancyGrp/TotalAmt01976524
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06016130
IRS990/OtherAssetsTotalGrp/EOYAmt04027035
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0150117
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0195343
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0345460
IRS990/OtherExpensesGrp/Desc0FOOD / MILK
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/Desc3FURNITURE AND EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt053763
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt164191
IRS990/OtherExpensesGrp/ProgramServicesAmt0464770
IRS990/OtherExpensesGrp/ProgramServicesAmt1340193
IRS990/OtherExpensesGrp/ProgramServicesAmt2183015
IRS990/OtherExpensesGrp/ProgramServicesAmt370843
IRS990/OtherExpensesGrp/TotalAmt0518533
IRS990/OtherExpensesGrp/TotalAmt1340193
IRS990/OtherExpensesGrp/TotalAmt2247206
IRS990/OtherExpensesGrp/TotalAmt370843
IRS990/OtherLiabilitiesGrp/BOYAmt08068975
IRS990/OtherLiabilitiesGrp/EOYAmt07119077
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0271700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02075309
IRS990/OtherSalariesAndWagesGrp/TotalAmt02347009
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031730
IRS990/PayrollTaxesGrp/ProgramServicesAmt0158997
IRS990/PayrollTaxesGrp/TotalAmt0190727
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01651918
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01365019
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-58307
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0182299
IRS990/PensionPlanContributionsGrp/TotalAmt0123992
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01806770
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01186956
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068892
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0359206
IRS990/PrincipalOfficerNm0MAI YIA CHANG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026588
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12581
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012857894
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-18888
IRS990/PYOtherExpensesAmt05839056
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0263
IRS990/PYRevenuesLessExpensesAmt02048017
IRS990/PYSalariesCompEmpBnftPaidAmt04952196
IRS990/PYTotalExpensesAmt010791252
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012839269
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02684220
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt029169
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0307519
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0604949
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0561449
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0609609
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/BookValueAmt0771369
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0248903
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01020272
IRS990ScheduleD/EquipmentGrp/BookValueAmt0593650
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02084792
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02678442
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02159786
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11867249
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES - PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1AMOUNTS OWED FROM BUILDING COMPANIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02149719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14969358
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/TotalBookValueLandBuildingsAmt01365019
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04027035
IRS990ScheduleD/TotalLiabilityAmt07119077
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
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt177500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount054346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount136243
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00

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