Civic Intelligence

Rochester STEM Academy Inc.

990 • Fiscal year 2021 • EIN 90-0642816

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

Organization Profilewww.rochesterstemacademy.org
415 16th Street SWRochester, MN 55902

(507) 281-2381

Siviq Scores

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

Liabilities / Assets

95th percentile

1.08x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.73x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$64,960

Higher top officer pay than 53% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

55th percentile

12%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

26%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,829,055

Up $190,536 (+12%) from 2020

Net Assets

Up

-$137,690

Up $419,810 (+75%) from 2020

Liabilities

Down

$1,966,745

Down $229,274 (-10%) from 2020

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin55th percentile

Revenue

Up

$2,710,417

Up $551,745 (+26%) from 2020

Expenses

Down

$2,290,607

Down $1,634 (-0.1%) from 2020

Net Income

Up

$419,810

Up $553,379 (+414%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$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

2021

Assets$1,829,055
Liabilities$1,966,745
Net Assets-$137,690
Open 2021 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$2,710,417
Expenses$2,290,607
Net Income$419,810
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.0
Gross Receipts
$2,710,417
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$385,601$476,684▲ $91,083
Pledges and Grants Receivable$194,366$402,083▲ $207,717
Cash and Non-Interest-Bearing Accounts$242,740$234,183▼ $8,557
Land, Buildings, and Equipment, Net$59,193$84,288▲ $25,095
Pd in Cap Srpls Land Bldg Eqp Fund$59,193$84,288▲ $25,095
Prepaid Expenses and Deferred Charges$12,000$30,331▲ $18,331
Accounts Receivable$2,285$0▼ $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
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Cap Stk Tr Prin Current Funds$-616,693$-221,978▲ $394,715
Total Assets$1,638,519$1,829,055▲ $190,536
Other Assets Total$742,334$601,486▼ $140,848
Liabilities
Other Liabilities$1,707,718$1,630,849▼ $76,869
Accounts Payable and Accrued Expenses$283,101$325,096▲ $41,995
Unsecured Notes Loans Payable$205,200$0▼ $205,200
Deferred Revenue$0$10,800▲ $10,800
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,196,019$1,966,745▼ $229,274
Net Assets / Fund Balance
Total Net Assets Fund Balance$-557,500$-137,690▲ $419,810
Total Liabilities and Net Assets / Fund Balance$1,638,519$1,829,055▲ $190,536

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$76,543$93,879$170,422
Leasehold Improvements$7,745$25,556$33,301
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Other Assets Org$601,486--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charlene EllingsonExecutive DirectorFT$52,257$12,703$64,960
Daniel ZachardaBoard Vice Chair/SecretaryFT$40,074$9,392$49,466

Board Members and Trustees

NameTitle
Mohamoud HamudBoard Chair
Subban HassanBoard Member
Abdulkadir AbdallaBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nile Restaurant and CafeFood Service1205 7th ST NW 5, Rochester, MN 55901$133,079
Revenue and Support

Revenue Composition

Contributions and Grants
$2,709,926
Program Service Revenue
$0
Investment Income
$491
Other Revenue
$0
All Other Contributions
$28,199
Change in Net Assets
$419,810

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,710,417
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,710,417
Total Revenue per Form 990
$2,710,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,349,500
Salaries, Compensation, and Employee Benefits$941,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$515,502$60,374-$575,876
Occupancy$398,707--$398,707
Current Officers, Directors, Trustees, and Key Employees$53,222$101,303-$154,525
Travel$139,347--$139,347
Fees for Services Other$114,099--$114,099
Fees for Services Management-$100,518-$100,518
Fees for Services Legal-$94,692-$94,692
Other Employee Benefits$76,363$16,884-$93,247
Fees for Services Accounting-$65,967-$65,967
Other Expenses$63,979$0$0$63,979
Pension Plan Contributions$49,499$12,492-$61,991
Information Technology$26,833$33,069-$59,902
Payroll Taxes$43,245$12,223-$55,468
Insurance$16,451--$16,451
Depreciation Depletion$14,540--$14,540
Conferences and Meetings$7,297--$7,297
Office Expenses-$5,210-$5,210
Advertising-$4,800-$4,800
Total Functional Expenses$1,783,075$507,532$0$2,290,607

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,290,607
Total Expenses per Audited Statements$2,290,607
Total Expenses per Form 990$2,290,607
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
Net Pension Liability$938,905
Deferred Pension Inflows$691,944
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
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlene Ellingson
Formed
2010
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
24
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 499 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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IRS990/Form990PartVIISectionAGrp/PersonNm1Daniel Zacharda
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IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-557500
IRS990/NetAssetsOrFundBalancesEOYAmt0-137690
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0398707
IRS990/OccupancyGrp/TotalAmt0398707
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05210
IRS990/OfficeExpensesGrp/TotalAmt05210
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0742334
IRS990/OtherAssetsTotalGrp/EOYAmt0601486
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016884
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt076363
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093247
IRS990/OtherExpensesGrp/Desc0Food Service
IRS990/OtherExpensesGrp/Desc1Instructional Materials
IRS990/OtherExpensesGrp/Desc2Special Education Services
IRS990/OtherExpensesGrp/Desc3Pension Expenses per ACT
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0133847
IRS990/OtherExpensesGrp/ProgramServicesAmt154817
IRS990/OtherExpensesGrp/ProgramServicesAmt275327
IRS990/OtherExpensesGrp/ProgramServicesAmt363979
IRS990/OtherExpensesGrp/TotalAmt0133847
IRS990/OtherExpensesGrp/TotalAmt154817
IRS990/OtherExpensesGrp/TotalAmt275327
IRS990/OtherExpensesGrp/TotalAmt363979
IRS990/OtherLiabilitiesGrp/BOYAmt01707718
IRS990/OtherLiabilitiesGrp/EOYAmt01630849
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt060374
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0515502
IRS990/OtherSalariesAndWagesGrp/TotalAmt0575876
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012223
IRS990/PayrollTaxesGrp/ProgramServicesAmt043245
IRS990/PayrollTaxesGrp/TotalAmt055468
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt059193
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt084288
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012492
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt049499
IRS990/PensionPlanContributionsGrp/TotalAmt061991
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0194366
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0402083
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030331
IRS990/PrincipalOfficerNm0Charlene Ellingson
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02158031
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0641
IRS990/PYOtherExpensesAmt01187053
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-133569
IRS990/PYSalariesCompEmpBnftPaidAmt01105188
IRS990/PYTotalExpensesAmt02292241
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02158672
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0419810
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0385601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0476684
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt076543
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093879
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170422
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02290607
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07745
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025556
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033301
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0601486
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Pension Outflows
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0938905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1691944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Pension Inflows
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02710417
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt084288
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0601486
IRS990ScheduleD/TotalExpensesPerForm990Amt02290607
IRS990ScheduleD/TotalLiabilityAmt01630849
IRS990ScheduleD/TotalRevenuePerForm990Amt02710417
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02710417
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02290607
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/ExplanationTxt0The nondiscriminatory policy is included in the Board of Directors "Equal Educational Opportunity" policy, published on the school's website, and included in brochures. The policy is also communicated in all solicitation and registration materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Explanation of Government Financial Aid: Rochester STEM Academy is a public school that is funded by the Minnesota Department of Education and the federal government.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Area 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Director reviews the 990 tax return with the accounting service provider and tax preparer. This process is done before Form 990 is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annually, 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board determines the compensation as part of the budget process, generally a flat percentage among all staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Public documents are made available upon request.

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,829,055
Liabilities
$1,966,745
Net assets
-$137,690
Revenue
$2,710,417
Expenses
$2,290,607
Net income
$419,810
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
2021Detailed filing. Detailed filing data is available for this year.$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