Civic Intelligence

Rollingstone Community School

990 • Fiscal year 2023 • EIN 87-1454553

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 20, 2024

Organization Profilerollingstonecommunityschool.com
61 Main StreetRollingstone, MN 55969

(507) 410-2171

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.93x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.28x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

40th percentile

-0.2%

Higher net margin than 40% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$37,023

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

97th percentile

273%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

690%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$190,619

Up $139,507 (+273%) from 2022

Net Assets

Down

$12,911

Down $1,036 (-7.4%) from 2022

Liabilities

Up

$177,708

Up $140,543 (+378%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin40th percentile

Revenue

Up

$636,958

Up $556,300 (+690%) from 2022

Expenses

Up

$637,994

Up $571,283 (+856%) from 2022

Net Income

Down

-$1,036

Down $14,983 (-107%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$200K$150K$100K$50K$0Assets 2022: $51,112Liabilities 2022: $37,165Net Assets 2022: $13,9472022Assets 2023: $190,619Liabilities 2023: $177,708Net Assets 2023: $12,9112023

Highlighted filing

2023

Assets$190,619
Liabilities$177,708
Net Assets$12,911
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2022: $80,658Expenses 2022: $66,711Net Income 2022: $13,9472022Revenue 2023: $636,958Expenses 2023: $637,994Net Income 2023: -$1,0362023

Highlighted filing

2023

Revenue$636,958
Expenses$637,994
Net Income-$1,036
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 20, 2024
Return Version
2022v5.0
Gross Receipts
$640,149
Mission and Program Overview

Mission

The mission of Rollingstone Community School is to lead, cultivate, and prepare all students to become lifelong learners while supporting partnerships with our families and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$41,526$102,512▲ $60,986
Cash and Non-Interest-Bearing Accounts$9,586$61,003▲ $51,417
Accounts Receivable-$1,395-
Total Assets$51,112$190,619▲ $139,507
Other Assets Total$0$25,709▲ $25,709
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,693$128,592▲ $93,899
Accounts Payable and Accrued Expenses$2,472$49,116▲ $46,644
Total Liabilities$37,165$177,708▲ $140,543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,947$12,911▼ $1,036
Total Net Assets Fund Balance$13,947$12,911▼ $1,036
Total Liabilities and Net Assets / Fund Balance$51,112$190,619▲ $139,507

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$25,709--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony ReisdorferLead TeacherFT$27,277$9,746$37,023
Megan LentnerMemberFT$22,001$10,304$32,305

Board Members and Trustees

NameTitle
Elizabeth NofsingerChair
Barb RahnInterim Chair
Jo DaileyMember
Mary StoosMember
Amanda SchmitSecretary
John LarkieTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$602,747
Program Service Revenue
$7,100
Investment Income
$0
Other Revenue
$27,111
All Other Contributions
$29,186
Change in Net Assets
$-1,036

Audited Revenue Reconciliation

Revenue per Audited Statements
$619,338
Revenue Not Reported on Financial Statements
$17,620
Revenue Not Reported on Form 990
$80,658
Other Revenue Adjustments
$17,620
Total Revenue per Audited Statements
$699,996
Total Revenue per Form 990
$636,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$351,849
Other Expenses$286,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,719$50,223-$165,942
Current Officers, Directors, Trustees, and Key Employees$71,431$31,002-$102,433
Information Technology$55,599$1,504-$57,103
Pension Plan Contributions$33,453$23,154-$56,607
Occupancy$46,034--$46,034
Fees for Services Other$31,956$9,001-$40,957
Fees for Services Accounting-$40,863-$40,863
Payroll Taxes$13,864$5,986-$19,850
Other Expenses$13,023$14,414-$13,023
All Other Expenses$8,094$405-$8,499
Other Employee Benefits$4,411$2,606-$7,017
Insurance$5,917--$5,917
Conferences and Meetings$2,146$764-$2,910
Interest$1,676--$1,676
Fees for Services Legal-$335-$335
Office Expenses-$135-$135
Total Functional Expenses$451,991$186,003$0$637,994

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$687,085
Total Expenses per Form 990$637,994
Expenses per Audited Statements$620,374
Expenses Not Reported on Form 990$66,711
Expenses Not Reported on Financial Statements$17,620
Other Expense Adjustments$17,620
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
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 B, line 11B

“990 will be presented at Rollingstone Community School's board meeting.”

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

“At every Board meeting, once per month, the Board reviews the conflict of interest policy and any conflicts of interest.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Rollingstone Community School
EIN
87-1454553
Phone
5074102171
Address
61 Main Street, Rollingstone, MN 55969

Signing Officer

Name
Anthony Reisdorfer
Title
Lead Teacher
Phone
5074102171
Signed
2024-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Reisdorfer
Formed
2022
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
6
Employees
9
Volunteers
15

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The School had its first audit this year for the period from formation to June 30, 2023. The School oversees the information provided to the auditors and the board deals with audit review procedures.”

Financial Statement Notes

Part X, Line 2:

“The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Charter School has evaluated and determined that there are no uncertain tax positions as of June 30, 2023. The Association's tax returns are subject to possible examination by the taxing authorities.”

Part XI, Line 2D - Other Adjustments:

“Revenue not included due to audit covering prior year. On PY 990. 80,658.”

Part XI, Line 4B - Other Adjustments:

“Pension revenue included in expenses on audit 17,620.”

Part XII, Line 2D - Other Adjustments:

“Expenses not included due to audit covering prior year. On PY 990. 66,711.”

Part XII, Line 4B - Other Adjustments:

“Pension revenue included in expenses on audit 17,620.”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt066711
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017620
IRS990ScheduleD/ExpensesSubtotalAmt0620374
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025709
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflow of pension resources
IRS990ScheduleD/OtherExpensesIncludedAmt066711
IRS990ScheduleD/OtherExpensesNotIncludedAmt017620
IRS990ScheduleD/OtherRevenueAmt080658
IRS990ScheduleD/OtherRevenuesNotIncludedAmt017620
IRS990ScheduleD/RevenueNotReportedAmt080658
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017620
IRS990ScheduleD/RevenueSubtotalAmt0619338
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Charter School has evaluated and determined that there are no uncertain tax positions as of June 30, 2023. The Association's tax returns are subject to possible examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue not included due to audit covering prior year. On PY 990. 80,658.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Pension revenue included in expenses on audit 17,620.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Expenses not included due to audit covering prior year. On PY 990. 66,711.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Pension revenue included in expenses on audit 17,620.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt025709
IRS990ScheduleD/TotalExpensesPerForm990Amt0637994
IRS990ScheduleD/TotalRevenuePerForm990Amt0636958
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0699996
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0687085
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/ExplanationTxt0All policies are available upon request and those applicable are included in communications with the general public and stakeholders.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school receives federal funding.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 will be presented at Rollingstone Community School's board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At every Board meeting, once per month, the Board reviews the conflict of interest policy and any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The School makes its governing documents, confilcts of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The School had its first audit this year for the period from formation to June 30, 2023. The School oversees the information provided to the auditors and the board deals with audit review procedures.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt051112
IRS990/TotalAssetsEOYAmt0190619
IRS990/TotalAssetsGrp/BOYAmt051112
IRS990/TotalAssetsGrp/EOYAmt0190619
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0602747
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186003
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0451991
IRS990/TotalFunctionalExpensesGrp/TotalAmt0637994
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037165
IRS990/TotalLiabilitiesEOYAmt0177708
IRS990/TotalLiabilitiesGrp/BOYAmt037165
IRS990/TotalLiabilitiesGrp/EOYAmt0177708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012911
IRS990/TotalOtherCompensationAmt020050
IRS990/TotalProgramServiceExpensesAmt0451991
IRS990/TotalProgramServiceRevenueAmt07100
IRS990/TotalReportableCompFromOrgAmt049278
IRS990/TotalRevenueGrp/ExclusionAmt019226
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014985
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0636958
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051112
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0190619
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt061 Main Street
IRS990/USAddress/CityNm0Rollingstone
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055969
IRS990/VotingMembersGoverningBodyCnt07

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$190,619
Liabilities
$177,708
Net assets
$12,911
Revenue
$636,958
Expenses
$637,994
Net income
-$1,036
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.91$1.78$0.13$6.37$6.38$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.37$0.14$0.81$0.67$0.14