Civic Intelligence

Rochester STEM Academy Inc

EIN 90-0642816 • 501(c)3 • Rochester, MN

Profile

The mission of rochester stem academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional area high schools and greatly underrepresented in rochester's stem (science, technology, engineering, and mathematics) industries through a challenging program that emphasizes creativity, accountability, ongoing assessments, college-preparation, and high academic achievement.

415 16th Street SWRochester, MN 55902

rochesterstemacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.51x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

2.0%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$129,443

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

2nd percentile

-90%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$795,401

Down $7,272,068 (-90%) from 2023

Liabilities

Down

$1,202,242

Down $7,326,177 (-86%) from 2023

Net Assets

Up

-$406,841

Up $54,109 (+12%) from 2023

Revenue

Up

$2,707,343

Up $258,921 (+11%) from 2023

Expenses

Down

$2,653,234

Down $259,134 (-8.9%) from 2023

Net Income

Up

$54,109

Up $518,055 (+112%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2011: $14,745Liabilities 2011: $14,8622011Assets 2012: $237,290Liabilities 2012: $125,426Net Assets 2012: $111,8642012Assets 2013: $277,633Liabilities 2013: $103,916Net Assets 2013: $173,7172013Assets 2014: $289,601Liabilities 2014: $89,337Net Assets 2014: $200,2642014Assets 2015: $313,544Liabilities 2015: $571,611Net Assets 2015: -$258,0672015Assets 2016: $558,068Liabilities 2016: $890,638Net Assets 2016: -$332,5702016Assets 2017: $1,500,702Liabilities 2017: $1,954,718Net Assets 2017: -$454,0162017Assets 2018: $1,486,825Liabilities 2018: $2,105,529Net Assets 2018: -$618,7042018Assets 2019: $1,337,907Liabilities 2019: $1,761,838Net Assets 2019: -$423,9312019Assets 2020: $1,638,519Liabilities 2020: $2,196,019Net Assets 2020: -$557,5002020Assets 2021: $1,829,055Liabilities 2021: $1,966,745Net Assets 2021: -$137,6902021Assets 2022: $8,360,843Liabilities 2022: $8,492,295Net Assets 2022: -$131,4522022Assets 2023: $8,067,469Liabilities 2023: $8,528,419Net Assets 2023: -$460,9502023Assets 2024: $795,401Liabilities 2024: $1,202,242Net Assets 2024: -$406,8412024

Highlighted filing

2024

Assets$795,401
Liabilities$1,202,242
Net Assets-$406,841

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $80,281Expenses 2011: $80,398Net Income 2011: -$1172011Expenses 2012: $1,071,1022012Expenses 2013: $959,7052013Revenue 2014: $1,170,450Expenses 2014: $1,143,903Net Income 2014: $26,5472014Revenue 2015: $1,187,679Expenses 2015: $1,185,176Net Income 2015: $2,5032015Revenue 2016: $1,187,894Expenses 2016: $1,262,397Net Income 2016: -$74,5032016Revenue 2017: $1,546,838Expenses 2017: $1,668,284Net Income 2017: -$121,4462017Revenue 2018: $1,795,215Expenses 2018: $1,959,903Net Income 2018: -$164,6882018Revenue 2019: $1,945,822Expenses 2019: $1,751,049Net Income 2019: $194,7732019Revenue 2020: $2,158,672Expenses 2020: $2,292,241Net Income 2020: -$133,5692020Revenue 2021: $2,710,417Expenses 2021: $2,290,607Net Income 2021: $419,8102021Revenue 2022: $2,506,613Expenses 2022: $2,500,375Net Income 2022: $6,2382022Revenue 2023: $2,448,422Expenses 2023: $2,912,368Net Income 2023: -$463,9462023Revenue 2024: $2,707,343Expenses 2024: $2,653,234Net Income 2024: $54,1092024

Highlighted filing

2024

Revenue$2,707,343
Expenses$2,653,234
Net Income$54,109

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$1.20$0.41$2.71$2.65$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.07$8.53$0.46$2.45$2.91$0.46
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.36$8.49$0.13$2.51$2.50$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$1.97$0.14$2.71$2.29$0.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$2.20$0.56$2.16$2.29$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$1.76$0.42$1.95$1.75$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$2.11$0.62$1.80$1.96$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$1.95$0.45$1.55$1.67$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.89$0.33$1.19$1.26$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.57$0.26$1.19$1.19$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.09$0.20$1.17$1.14$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.10$0.17$0.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.13$0.11$1.07
2011Summary only. Only limited summary data is available for this year.$0.01$0.01$0.08$0.08$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$2,158,672
Mission and Program Overview

Mission

The mission of rochester stem academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional area high schools and greatly underrepresented in rochester's stem (science, technology, engineering, and mathematics) industries through a challenging program that emphasizes creativity, accountability, ongoing assessments, college-preparation, and high academic achievement.

The mission of Rochester STEM Academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional (Continued on Schedule O, Statement 1)

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,129$385,601▲ $373,472
Cash and Non-Interest-Bearing Accounts$121,675$242,740▲ $121,065
Pledges and Grants Receivable$242,216$194,366▼ $47,850
Land, Buildings, and Equipment, Net$50,659$59,193▲ $8,534
Pd in Cap Srpls Land Bldg Eqp Fund$50,659$59,193▲ $8,534
Prepaid Expenses and Deferred Charges$17,748$12,000▼ $5,748
Accounts Receivable$0$2,285▲ $2,285
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Cap Stk Tr Prin Current Funds$-474,590$-616,693▼ $142,103
Total Assets$1,337,907$1,638,519▲ $300,612
Other Assets Total$893,480$742,334▼ $151,146
Liabilities
Other Liabilities$1,654,524$1,707,718▲ $53,194
Accounts Payable and Accrued Expenses$107,314$283,101▲ $175,787
Unsecured Notes Loans Payable$0$205,200▲ $205,200
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,761,838$2,196,019▲ $434,181
Net Assets / Fund Balance
Total Net Assets Fund Balance$-423,931$-557,500▼ $133,569
Total Liabilities and Net Assets / Fund Balance$1,337,907$1,638,519▲ $300,612

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,144$82,643$130,787
Leasehold Improvements$11,049$22,252$33,301
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Other Assets Org$742,334--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel ZachardaBoard Vice Chair/SecretaryFT$35,357$6,546$41,903

Board Members and Trustees

NameTitle
Mohamoud HamudBoard Chair
Ayan MuminBoard Member
Mustaf HagiBoard Member
Abdulkadir AbdallaBoard Treasurer
Charlene EllingsonExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Rochester Math & Science AcademyTransportation415 16th Street SW, Rochester, MN 55902$138,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,158,031
Program Service Revenue
$0
Investment Income
$641
Other Revenue
$0
All Other Contributions
$2,895
Change in Net Assets
$-133,569

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,158,672
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,158,672
Total Revenue per Form 990
$2,158,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,187,053
Salaries, Compensation, and Employee Benefits$1,105,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$646,971$69,377$0$716,348
Occupancy$456,351$0$0$456,351
Other Expenses$204,340$0$0$204,340
Current Officers, Directors, Trustees, and Key Employees$55,636$95,065$0$150,701
Other Employee Benefits$78,117$22,940$0$101,057
Pension Plan Contributions$59,045$11,962$0$71,007
Payroll Taxes$53,622$12,453$0$66,075
Fees for Services Other$61,838$0$0$61,838
Fees for Services Accounting$0$57,157$0$57,157
Fees for Services Management$0$57,015$0$57,015
Office Expenses$0$17,967$0$17,967
Information Technology$9,039$8,280$0$17,319
Insurance$15,605$0$0$15,605
Fees for Services Legal$0$12,875$0$12,875
Depreciation Depletion$10,640--$10,640
Advertising$0$9,716$0$9,716
Conferences and Meetings$330$0$0$330
Total Functional Expenses$1,917,434$374,807$0$2,292,241

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,292,241
Total Expenses per Audited Statements$2,292,241
Total Expenses per Form 990$2,292,241
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Pension Inflows$883,574
Net Pension Liability$824,144
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
Yes
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 A, Line 7A

The following individuals may vote in the election of board members: Staff members who are employed by Rochester STEM Academy, including teachers providing instruction under a contract with a cooperative; students enrolled at Rochester STEM Academy who are at least 18 years of age; and legal guardians or children enrolled at Rochester STEM Academy.

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

The Director reviews the 990 tax return with the accounting service provider and tax preparer. This process is done before Form 990 is filed.

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

Annually, board members and key employees complete a full disclosure which includes member, spouse, & close relatives of potential conflicts of interest. If a board member has a potential conflict of interest, they do not vote on that matter.

Form 990, Part VI, Section B, Line 15

The board determines the compensation as part of the budget process, generally a flat percentage among all staff.

Form 990, Part VI, Section C, Line 19

Public documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Rochester Stem Academy Inc
EIN
90-0642816
Phone
5072812381
Address
415 16th Street SW, Rochester, MN 55902

Signing Officer

Name
Charlene Ellingson
Title
Executive Director
Phone
5072812381
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlene Ellingson
Formed
2010
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
41
Volunteers
10

Preparer

Firm
Robert Reese Procaccini CPA
Address
2151 Hamline Avenue North, Suite 212, Roseville, MN 55113
Preparer
Robert Procaccini
Phone
9529920995
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Area high schools and greatly underrepresented in Rochester's STEM (Science, Technology, Engineering, and Mathematics) industries through a challenging program that emphasizes creativity, accountability, ongoing assessments, college-preparation, and high academic achievement.

Financial Statement Notes

Schedule D, Part X, Line 2

A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard. Generally, tax filings for the prior three years remain open to inspection by regulatory authorities.

Raw XML AppendixShowing 400 of 566 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0107314
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0283101
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IRS990/AccountsReceivableGrp/EOYAmt02285
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The mission of Rochester STEM Academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional (Continued on Schedule O, Statement 1)
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt09716
IRS990/AdvertisingGrp/ProgramServicesAmt00
IRS990/AdvertisingGrp/TotalAmt09716
IRS990/AllOtherContributionsAmt02895
IRS990/AllOtherExpensesGrp/FundraisingAmt00
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IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Dieci School Finance LLC
IRS990/BooksInCareOfDetail/PhoneNum06513092233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02151 Hamline Avenue North
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0Suite 212
IRS990/BooksInCareOfDetail/USAddress/CityNm0Roseville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055113
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IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0138000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0415 16th Street SW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Rochester
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055902
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Rochester Math & Science Academy
IRS990/ContractorCompensationGrp/ServicesDesc0Transportation
IRS990/ContriRptFundraisingEventAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02158031
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0641
IRS990/CYOtherExpensesAmt01187053
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-133569
IRS990/CYSalariesCompEmpBnftPaidAmt01105188
IRS990/CYTotalExpensesAmt02292241
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02158672
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010640
IRS990/DepreciationDepletionGrp/TotalAmt010640
IRS990/Desc0Rochester STEM Academy is a tuition-free public charter school serving approximately 107 students in grades 9 through 12 for the 2019-2020 school year. Rochester STEM Academy was 1 of only 2 charter school applications in the entire state to be approved in 2010 and chosen to receive a federal planning grant. It's founding board was brought together in response to the pent-up demand for an academically rigorous charter high school that could give a viable boost to Rochester's industries and children in terms of both academics and future employment.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Abdulkadir Abdalla
IRS990/Form990PartVIISectionAGrp/PersonNm3Mustaf Hagi
IRS990/Form990PartVIISectionAGrp/PersonNm4Ayan Mumin
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IRS990/MissionDesc0The mission of Rochester STEM Academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional area high schools and greatly underrepresented in Rochester's STEM (Science, Technology, Engineering, and Mathematics) industries through a challenging program that emphasizes creativity, accountability, ongoing assessments, college-preparation, and high academic achievement.
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