Civic Intelligence

Chartersource

990 • Fiscal year 2023 • EIN 88-0689849

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileCHARTERSOURCE.ORG
PO Box 25702St Paul, MN 55125

(763) 442-9690

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$634,394

Flat from 2023

Net Assets

Flat

$491,540

Flat from 2023

Liabilities

Flat

$142,854

Flat from 2023

Revenue And Expenses

Revenue

Flat

$836,391

Flat from 2023

Expenses

Flat

$452,567

Flat from 2023

Net Income

Flat

$383,824

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2022: $94,726Liabilities 2022: $8,415Net Assets 2022: $86,3112022Assets 2023: $634,394Liabilities 2023: $142,854Net Assets 2023: $491,5402023Assets 2023: $634,394Liabilities 2023: $142,854Net Assets 2023: $491,5402023Assets 2025: $607,491Liabilities 2025: $3,200Net Assets 2025: $604,2912025

Highlighted filing

2023

Assets$634,394
Liabilities$142,854
Net Assets$491,540
Open 2023 Filing

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2022: $108,934Expenses 2022: $39,368Net Income 2022: $69,5662022Revenue 2023: $836,391Expenses 2023: $452,567Net Income 2023: $383,8242023Revenue 2023: $836,391Expenses 2023: $452,567Net Income 2023: $383,8242023Revenue 2025: $439,386Expenses 2025: $485,042Net Income 2025: -$45,6562025

Highlighted filing

2023

Revenue$836,391
Expenses$452,567
Net Income$383,824
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$836,391
Mission and Program Overview

Mission

Provide onsite and online board and operations training.

Provide scaffolded support and development in governance, leadership, and operations for school improvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,410$568,669▲ $555,259
Accounts Receivable$79,048$60,049▼ $18,999
Prepaid Expenses and Deferred Charges-$5,676-
Land, Buildings, and Equipment, Net$2,268--
Total Assets$94,726$634,394▲ $539,668
Liabilities
Accounts Payable and Accrued Expenses$8,415$102,854▲ $94,439
Unsecured Notes Loans Payable-$40,000-
Total Liabilities$8,415$142,854▲ $134,439
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,311$468,207▲ $381,896
Net Assets With Donor Restrictions$0$23,333▲ $23,333
Total Net Assets Fund Balance$86,311$491,540▲ $405,229
Total Liabilities and Net Assets / Fund Balance$94,726$634,394▲ $539,668
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sawsan NatshehChair
Beth FinchExecutive Director
Dana PetersonSecretary
Kou VangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$633,013
Program Service Revenue
$203,378
Investment Income
$0
Other Revenue
$0
All Other Contributions
$633,013
Change in Net Assets
$383,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$836,391
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$836,391
Total Revenue per Form 990
$836,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$274,497
Other Expenses$178,070
Total Fundraising Expense$8,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$212,288$29,970$7,493$249,751
Fees for Services Other$124,125$5,319-$129,444
Information Technology$26,735--$26,735
Other Employee Benefits$21,034$2,970$742$24,746
Insurance$5,044$712$178$5,934
Advertising$5,000--$5,000
Other Expenses$957--$957
Total Functional Expenses$405,183$38,971$8,413$452,567

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$452,567
Total Expenses per Audited Statements$452,567
Total Expenses per Form 990$452,567
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
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
No
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

“Board of directors review a 990 draft prior to filing.”

Form 990, Part VI, Section C, Line 19

“Documents provided upon request”

Filing and Contact Details

Filer

Filer Name
Chartersource
EIN
88-0689849
Phone
7634429690
Address
PO BOX 25702, ST PAUL, MN 55125

Signing Officer

Name
Sawsan Natsheh
Title
Chair
Phone
7634429690
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sawsan Natsheh
Formed
2022
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Neal Evert
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees and contract services: program service expenses 124,125. Management and general expenses 5,319. Fundraising expenses 0. Total expenses 129,444.”

Financial Statement Notes

PART X, LINE 2:

“Chartersource has a tax-exempt status under section 501(c)(3) of the internal revenue code and has adopted accounting for uncertainty in income taxes, asc 740-10. Chartersource's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. Chartersource continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the internal revenue code and charitable contributions by donors are tax deductible. In compliance with its exempt status, chartersource annually files a return of organization exempt from income tax (form 990).”

Raw XML Appendix340 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHARTERSOURCE HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. CHARTERSOURCE'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. CHARTERSOURCE CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, CHARTERSOURCE ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990).
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES AND CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 124,125. MANAGEMENT AND GENERAL EXPENSES 5,319. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,444.
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07634429690
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARTERSOURCE
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0880689849
ReturnHeader/Filer/PhoneNum07634429690
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 25702
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055125
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411534805
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARPENTER EVERT & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07760 FRANCE AVE S SUITE 940
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum09528310085
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NEAL EVERT
ReturnHeader/ReturnTs02024-05-15T10:04:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SAWSAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NATSHEH
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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Filings

Displayed year

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

Open filing
Assets
$634,394
Liabilities
$142,854
Net assets
$491,540
Revenue
$836,391
Expenses
$452,567
Net income
$383,824
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.03$6.04$4.39$4.85$0.46
2023Detailed filing. Detailed filing data is available for this year.$6.34$1.43$4.92$8.36$4.53$3.84
2023Summary only. Only limited summary data is available for this year.$6.34$1.43$4.92$8.36$4.53$3.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.08$0.86$1.09$0.39$0.70