Civic Intelligence

Discovery Public School of Faribault Charter School Dist 4081

990 • Fiscal year 2014 • EIN 90-0001671

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 20, 2014

Organization ProfileWWW.ISD4081.ORG
126 Eighth Street NW55021

(507) 331-5423

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.26x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.09x

Higher debt load relative to revenue than 61% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

25th percentile

-6.3%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

84th percentile

$83,632

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

-2.1%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$272,714

Down $43,807 (-14%) from 2013

Net Assets

Down

$202,616

Down $48,406 (-19%) from 2013

Liabilities

Up

$70,098

Up $4,599 (+7.0%) from 2013

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin25th percentile

Revenue

$773,255

No earlier filing loaded for comparison.

Expenses

Down

$821,661

Down $12,845 (-1.5%) from 2013

Net Income

-$48,406

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.0M$500K$0-$500KAssets 2011: $338,397Liabilities 2011: $145,928Net Assets 2011: $192,4692011Assets 2012: $349,039Liabilities 2012: $66,119Net Assets 2012: $282,9202012Assets 2013: $316,521Liabilities 2013: $65,499Net Assets 2013: $251,0222013Assets 2014: $272,714Liabilities 2014: $70,098Net Assets 2014: $202,6162014Assets 2015: $219,576Liabilities 2015: $64,640Net Assets 2015: $154,9362015Assets 2016: $240,722Liabilities 2016: $73,029Net Assets 2016: $167,6932016Assets 2017: $237,891Liabilities 2017: $80,228Net Assets 2017: $157,6632017Assets 2018: $240,883Liabilities 2018: $104,187Net Assets 2018: $136,6962018Assets 2019: $199,001Liabilities 2019: $64,655Net Assets 2019: $134,3462019Assets 2020: $225,929Liabilities 2020: $84,353Net Assets 2020: $141,5762020Assets 2021: $329,633Liabilities 2021: $193,507Net Assets 2021: $136,1262021Assets 2022: $310,538Liabilities 2022: $59,010Net Assets 2022: $251,5282022Assets 2023: $278,139Liabilities 2023: $55,485Net Assets 2023: $222,6542023Assets 2024: $658,226Liabilities 2024: $913,640Net Assets 2024: -$255,4142024

Highlighted filing

2014

Assets$272,714
Liabilities$70,098
Net Assets$202,616
Open 2014 Filing

Operations Trend

Revenue Growth35th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $823,218Expenses 2011: $731,942Net Income 2011: $91,2762011Expenses 2012: $801,5212012Expenses 2013: $834,5062013Revenue 2014: $773,255Expenses 2014: $821,661Net Income 2014: -$48,4062014Revenue 2015: $779,015Expenses 2015: $826,695Net Income 2015: -$47,6802015Revenue 2016: $856,098Expenses 2016: $843,341Net Income 2016: $12,7572016Revenue 2017: $856,334Expenses 2017: $866,364Net Income 2017: -$10,0302017Revenue 2018: $870,633Expenses 2018: $891,600Net Income 2018: -$20,9672018Revenue 2019: $812,721Expenses 2019: $815,071Net Income 2019: -$2,3502019Revenue 2020: $872,186Expenses 2020: $864,956Net Income 2020: $7,2302020Revenue 2021: $866,423Expenses 2021: $871,873Net Income 2021: -$5,4502021Revenue 2022: $987,603Expenses 2022: $872,201Net Income 2022: $115,4022022Revenue 2023: $924,359Expenses 2023: $953,233Net Income 2023: -$28,8742023Revenue 2024: $1,029,790Expenses 2024: $1,153,983Net Income 2024: -$124,1932024

Highlighted filing

2014

Revenue$773,255
Expenses$821,661
Net Income-$48,406
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 20, 2014
Return Version
2013v3.1
Gross Receipts
$773,255
Mission and Program Overview

Mission

To provide education to students in grades 6 through 12

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$207,026$173,843▼ $33,183
Prepaid Expenses and Deferred Charges$10,414$11,780▲ $1,366
Land, Buildings, and Equipment, Net$4,709$3,741▼ $968
Accounts Receivable-$1,140-
Total Assets$316,521$272,714▼ $43,807
Other Assets Total$94,372$82,210▼ $12,162
Liabilities
Other Liabilities$64,741$68,228▲ $3,487
Accounts Payable and Accrued Expenses$758$1,870▲ $1,112
Total Liabilities$65,499$70,098▲ $4,599
Net Assets / Fund Balance
Unrestricted Net Assets$251,022$202,616▼ $48,406
Total Net Assets Fund Balance$251,022$202,616▼ $48,406
Total Liabilities and Net Assets / Fund Balance$316,521$272,714▼ $43,807

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,741$52,441$56,182
Other Assets Org$96--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim SeversonExecutive DiFT$67,592$16,040$83,632
Dirk WellsDirectorFT$45,674$14,462$60,136
Steven MacklayDirectorFT$41,179$14,146$55,325
Dan WeisserVice ChairFT$46,217$5,227$51,444

Board Members and Trustees

NameTitle
Russ KennedyBoard Chair
Kay HammerDirector
Sheila KarnClerk/treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$771,099
Program Service Revenue
$2,156
Investment Income
$0
Other Revenue
$0
All Other Contributions
$13,723
Change in Net Assets
$-48,406

Audited Revenue Reconciliation

Revenue per Audited Statements
$773,255
Total Revenue per Audited Statements
$773,255
Total Revenue per Form 990
$773,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$585,673
Other Expenses$235,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$169,189$90,267-$259,456
Other Salaries and Wages$207,770$34,655-$242,425
Occupancy$87,600$2,303-$89,903
Other Employee Benefits$32,288$7,534-$39,822
Payroll Taxes$25,659$7,920-$33,579
All Other Expenses$12,709$2,084-$14,793
Insurance$7,050$5,284-$12,334
Pension Plan Contributions$7,881$2,510-$10,391
Other Expenses$550$5,085-$5,635
Depreciation Depletion$484$484-$968
Travel$552$288-$840
Total Functional Expenses$589,359$232,302$0$821,661

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$821,661
Total Expenses per Audited Statements$821,661
Total Expenses per Form 990$821,661
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
Salaries Payable$50,058
Payroll Deductions Payable$16,105
Deferred Revenue$2,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

“It is reviewed and approved by the signing of the return and the approval to file by the executive director.”

Form 990, Page 6, Part VI, Line 12C

“Reviewed throughout the course of the year & discussed at board meetings.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

EIN
90-0001671
Phone
5073315423

Signing Officer

Name
Jim Severson
Title
Executive Director
Phone
5073315423
Signed
2014-11-20
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
3
Employees
17

Preparer

Preparer
Alan W Struss
Phone
5074510611
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY POLICY THROUGH WRITTEN MEANS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED THROUGHOUT THE COURSE OF THE YEAR & DISCUSSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0589359
IRS990/TotalFunctionalExpensesGrp/TotalAmt0821661
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt070098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0251022
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IRS990/TotalOtherCompensationAmt049875
IRS990/TotalProgramServiceExpensesAmt0589359
IRS990/TotalProgramServiceRevenueAmt02156
IRS990/TotalReportableCompFromOrgAmt0200662
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IRS990/WebsiteAddressTxt0WWW.ISD4081.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM SEVERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05073315423
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10DISCOVERY PUBLIC SCHOOL OF
ReturnHeader/Filer/BusinessName/BusinessNameLine20FARIBAULT CHARTER SCHOOL DIST 4081
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0900001671
ReturnHeader/Filer/PhoneNum05073315423
ReturnHeader/Filer/USAddress/AddressLine10126 EIGHTH STREET NW
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ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055021
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271590985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10STRUSS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 372
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0OWATONNA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055060
ReturnHeader/PreparerPersonGrp/PhoneNum05074510611
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN W STRUSS
ReturnHeader/ReturnTs02014-12-19T09:25:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$272,714
Liabilities
$70,098
Net assets
$202,616
Revenue
$773,255
Expenses
$821,661
Net income
-$48,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.91$0.26$1.03$1.15$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.06$0.22$0.92$0.95$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.31$0.06$0.25$0.99$0.87$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.19$0.14$0.87$0.87$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.14$0.87$0.86$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.06$0.13$0.81$0.82$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.10$0.14$0.87$0.89$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.08$0.16$0.86$0.87$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.07$0.17$0.86$0.84$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.15$0.78$0.83$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.07$0.20$0.77$0.82$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.07$0.25$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.07$0.28$0.80
2011Summary only. Only limited summary data is available for this year.$0.34$0.15$0.19$0.82$0.73$0.09