Civic Intelligence

Rochester STEM Academy Inc.

990 • Fiscal year 2023 • EIN 90-0642816

Jul 01, 2022 to Jun 30, 2023 • Filed on May 02, 2024

Organization ProfileWWW.RSTEMA.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

1.06x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

3.48x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$114,631

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

20th percentile

-3.5%

Faster asset growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

-2.3%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$8,067,469

Down $293,374 (-3.5%) from 2022

Net Assets

Down

-$460,950

Down $329,498 (-251%) from 2022

Liabilities

Up

$8,528,419

Up $36,124 (+0.4%) from 2022

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin15th percentile

Revenue

Down

$2,448,422

Down $58,191 (-2.3%) from 2022

Expenses

Up

$2,912,368

Up $411,993 (+16%) from 2022

Net Income

Down

-$463,946

Down $470,184 (-7537%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2023

Assets$8,067,469
Liabilities$8,528,419
Net Assets-$460,950
Open 2023 Filing

Operations Trend

Revenue Growth34th 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

2023

Revenue$2,448,422
Expenses$2,912,368
Net Income-$463,946
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 2, 2024
Return Version
2022v5.0
Gross Receipts
$2,465,441
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.

Rstem emphasizes high academic achievement for students interested in the stem fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,834,968$6,586,318▼ $248,650
Savings and Temporary Cash Investments$412,335$619,542▲ $207,207
Cash and Non-Interest-Bearing Accounts$206,749$239,872▲ $33,123
Pledges and Grants Receivable$478,258$214,007▼ $264,251
Prepaid Expenses and Deferred Charges$27,838$32,399▲ $4,561
Rtn Earn Endowment Incm Other Fnds$-97,119$13,444▲ $110,563
Accounts Receivable$0$3,508▲ $3,508
Pd in Cap Srpls Land Bldg Eqp Fund$-34,333$-160,234▼ $125,901
Cap Stk Tr Prin Current Funds$0$-314,160▼ $314,160
Total Assets$8,360,843$8,067,469▼ $293,374
Other Assets Total$400,695$371,823▼ $28,872
Liabilities
Other Liabilities$8,286,396$8,000,327▼ $286,069
Accounts Payable and Accrued Expenses$205,899$485,121▲ $279,222
Deferred Revenue$0$42,971▲ $42,971
Total Liabilities$8,492,295$8,528,419▲ $36,124
Net Assets / Fund Balance
Total Net Assets Fund Balance$-131,452$-460,950▼ $329,498
Total Liabilities and Net Assets / Fund Balance$8,360,843$8,067,469▼ $293,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,523,606$466,233$6,989,839
Equipment$62,712$64,035$126,747
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charlene EllingsonExecutive DirectorFT$93,055$21,576$114,631
Corlis HicksVice Chair/secretary-$56,928$16,230$73,158

Board Members and Trustees

NameTitle
Mohamoud HamudBoard Chair
Graeme PrestonDirector
Hussein Mohamed AliDirector
Abdifitah ShekhTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lauren Mauel's Academic CoachingAcademic Coaching630 N CLAY STREET, De Pere, WI 54115$140,004
Revenue and Support

Revenue Composition

Contributions and Grants
$2,460,622
Program Service Revenue
$0
Investment Income
$-12,200
Other Revenue
$0
All Other Contributions
$2,156
Change in Net Assets
$-463,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,465,441
Revenue Not Reported on Financial Statements
$-17,019
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-17,019
Total Revenue per Audited Statements
$2,465,441
Total Revenue per Form 990
$2,448,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,849,531
Salaries, Compensation, and Employee Benefits$1,062,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$550,350$85,143-$635,493
Fees for Services Other$345,913$62,721-$408,634
Depreciation Depletion$248,616$1,760-$250,376
Interest$226,158$2-$226,160
Current Officers, Directors, Trustees, and Key Employees$86,455$87,842-$174,297
Other Employee Benefits$105,749$31,150-$136,899
Fees for Services Accounting-$94,178-$94,178
Travel$81,740--$81,740
Occupancy$68,525--$68,525
Information Technology$41,695$22,468-$64,163
Payroll Taxes$50,462$11,723-$62,185
Office Expenses$49,808$5,508-$55,316
Pension Plan Contributions$46,808$7,155-$53,963
Conferences and Meetings$26,978--$26,978
Insurance$16,768--$16,768
Advertising$56$13,169-$13,225
Fees for Services Legal-$790-$790
Other Expenses$239$23,037-$239
Total Functional Expenses$2,107,868$804,500$0$2,912,368

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,912,368
Expenses per Audited Statements$2,457,531
Total Expenses per Audited Statements$2,457,531
Expenses Not Reported on Financial Statements$454,837
Other Expense Adjustments$454,837
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$6,746,552
Net Pension Liability$989,166
Deferred Inflows - Pension$264,609
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 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. Conflicts of interest are reviewed by the president. If a board member has a potential conflict of interest, they must announce their potential conflict, disqualify themself, and be excused from the meeting until discussion is over on the matter involved. The results of the discussion are recorded in the meeting minutes.”

Form 990, Part VI, Section C, Line 19

“Rochester stem academy makes its financials and governing documents 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
Dr Charlene Ellingson
Title
Executive Director
Phone
5072812381
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Charlene Ellingson
Formed
2010
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
27
Volunteers
6

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“In 2023, rochester stem academy started an athletics program for students within grades 9 through 12.”

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 345,913. Management and general expenses 62,721. Fundraising expenses 0. Total expenses 408,634.”

FORM 990, PART XI, LINE 9:

“Change in pension liability 134,448.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposal of assets -17,019.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 250,376. Capital outlays -18,745. Judgements against the school 357,500. Lease payments -134,294.”

Raw XML AppendixShowing 400 of 439 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/BOYAmt0205899
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0485121
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt03508
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RSTEM EMPHASIZES HIGH ACADEMIC ACHIEVEMENT FOR STUDENTS INTERESTED IN THE STEM FIELDS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt013169
IRS990/AdvertisingGrp/ProgramServicesAmt056
IRS990/AdvertisingGrp/TotalAmt013225
IRS990/AllOtherContributionsAmt02156
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0CHARLENE ELLINGSON
IRS990/BooksInCareOfDetail/PhoneNum05072812381
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0415 16TH STREET SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055902
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-314160
IRS990/CashNonInterestBearingGrp/BOYAmt0206749
IRS990/CashNonInterestBearingGrp/EOYAmt0239872
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt087842
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt086455
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0174297
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt026978
IRS990/ConferencesMeetingsGrp/TotalAmt026978
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0140004
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0630 N CLAY STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0DE PERE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0WI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd054115
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LAUREN MAUEL'S ACADEMIC COACHING
IRS990/ContractorCompensationGrp/ServicesDesc0ACADEMIC COACHING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02460622
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-12200
IRS990/CYOtherExpensesAmt01849531
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-463946
IRS990/CYSalariesCompEmpBnftPaidAmt01062837
IRS990/CYTotalExpensesAmt02912368
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02448422
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt042971
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01760
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0248616
IRS990/DepreciationDepletionGrp/TotalAmt0250376
IRS990/Desc0THE 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/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt027
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02107868
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt094178
IRS990/FeesForServicesAccountingGrp/TotalAmt094178
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0790
IRS990/FeesForServicesLegalGrp/TotalAmt0790
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt062721
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0345913
IRS990/FeesForServicesOtherGrp/TotalAmt0408634
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt016230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt521576
IRS990/Form990PartVIISectionAGrp/PersonNm0CORLIS HICKS
IRS990/Form990PartVIISectionAGrp/PersonNm1MOHAMOUD HAMUD
IRS990/Form990PartVIISectionAGrp/PersonNm2ABDIFITAH SHEKH
IRS990/Form990PartVIISectionAGrp/PersonNm3HUSSEIN MOHAMED ALI
IRS990/Form990PartVIISectionAGrp/PersonNm4GRAEME PRESTON
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLENE ELLINGSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt056928
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt593055
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-17019
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt02458466
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02465441
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt022468
IRS990/InformationTechnologyGrp/ProgramServicesAmt041695
IRS990/InformationTechnologyGrp/TotalAmt064163
IRS990/InsuranceGrp/ProgramServicesAmt016768
IRS990/InsuranceGrp/TotalAmt016768
IRS990/InterestGrp/ManagementAndGeneralAmt02
IRS990/InterestGrp/ProgramServicesAmt0226158
IRS990/InterestGrp/TotalAmt0226160
IRS990/InvestmentIncomeGrp/ExclusionAmt04819
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04819
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0530268
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06834968
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06586318
IRS990/LandBldgEquipCostOrOtherBssAmt07116586
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt017019
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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/NetAssetsOrFundBalancesBOYAmt0-131452
IRS990/NetAssetsOrFundBalancesEOYAmt0-460950
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-17019
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-17019
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt068525
IRS990/OccupancyGrp/TotalAmt068525
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05508
IRS990/OfficeExpensesGrp/ProgramServicesAmt049808
IRS990/OfficeExpensesGrp/TotalAmt055316
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0400695
IRS990/OtherAssetsTotalGrp/EOYAmt0371823
IRS990/OtherChangesInNetAssetsAmt0134448
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031150
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0105749
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0136899
IRS990/OtherExpensesGrp/Desc0JUDGEMENTS AGAINST THE
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2DUE & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3CAPITAL OUTLAY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0357500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1354
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223037
IRS990/OtherExpensesGrp/ProgramServicesAmt0161163
IRS990/OtherExpensesGrp/ProgramServicesAmt1385
IRS990/OtherExpensesGrp/ProgramServicesAmt2239
IRS990/OtherExpensesGrp/TotalAmt0357500
IRS990/OtherExpensesGrp/TotalAmt1161517
IRS990/OtherExpensesGrp/TotalAmt223422
IRS990/OtherExpensesGrp/TotalAmt3239
IRS990/OtherLiabilitiesGrp/BOYAmt08286396
IRS990/OtherLiabilitiesGrp/EOYAmt08000327
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085143
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0550350
IRS990/OtherSalariesAndWagesGrp/TotalAmt0635493
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011723
IRS990/PayrollTaxesGrp/ProgramServicesAmt050462
IRS990/PayrollTaxesGrp/TotalAmt062185
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-34333
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-160234
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07155
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt046808
IRS990/PensionPlanContributionsGrp/TotalAmt053963
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0478258
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0214007
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027838
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032399
IRS990/PrincipalOfficerNm0DR CHARLENE ELLINGSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02506378
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0235
IRS990/PYOtherExpensesAmt01419804
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt06238
IRS990/PYSalariesCompEmpBnftPaidAmt01080571
IRS990/PYTotalExpensesAmt02500375
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02506613
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-463946
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-97119
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013444
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0412335
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0619542
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06523606
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0466233
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06989839
IRS990ScheduleD/EquipmentGrp/BookValueAmt062712
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064035
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126747
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0454837
IRS990ScheduleD/ExpensesSubtotalAmt02457531
IRS990ScheduleD/OtherExpensesNotIncludedAmt0454837
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06746552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1264609
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2989166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-17019
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-17019
IRS990ScheduleD/RevenueSubtotalAmt02465441
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS -17,019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE 250,376. CAPITAL OUTLAYS -18,745. JUDGEMENTS AGAINST THE SCHOOL 357,500. LEASE PAYMENTS -134,294.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06586318
IRS990ScheduleD/TotalExpensesPerForm990Amt02912368
IRS990ScheduleD/TotalLiabilityAmt08000327
IRS990ScheduleD/TotalRevenuePerForm990Amt02448422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02465441
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02457531
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/ExplanationTxt1ROCHESTER 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/ExplanationTxt0IN 2023, ROCHESTER STEM ACADEMY STARTED AN ATHLETICS PROGRAM FOR STUDENTS WITHIN GRADES 9 THROUGH 12.
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. CONFLICTS OF INTEREST ARE REVIEWED BY THE PRESIDENT. IF A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST, THEY MUST ANNOUNCE THEIR POTENTIAL CONFLICT, DISQUALIFY THEMSELF, AND BE EXCUSED FROM THE MEETING UNTIL DISCUSSION IS OVER ON THE MATTER INVOLVED. THE RESULTS OF THE DISCUSSION ARE RECORDED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROCHESTER STEM ACADEMY MAKES ITS FINANCIALS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 345,913. MANAGEMENT AND GENERAL EXPENSES 62,721. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 408,634.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN PENSION LIABILITY 134,448.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08360843
IRS990/TotalAssetsEOYAmt08067469
IRS990/TotalAssetsGrp/BOYAmt08360843
IRS990/TotalAssetsGrp/EOYAmt08067469
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02460622
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0804500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02107868
IRS990/TotalFunctionalExpensesGrp/TotalAmt02912368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08492295
IRS990/TotalLiabilitiesEOYAmt08528419
IRS990/TotalLiabilitiesGrp/BOYAmt08492295
IRS990/TotalLiabilitiesGrp/EOYAmt08528419
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-131452
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-460950
IRS990/TotalOtherCompensationAmt037806
IRS990/TotalProgramServiceExpensesAmt02107868
IRS990/TotalReportableCompFromOrgAmt0149983
IRS990/TotalRevenueGrp/ExclusionAmt0-12200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02448422
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08360843
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08067469
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt081740
IRS990/TravelGrp/TotalAmt081740
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0415 16TH STREET SW
IRS990/USAddress/CityNm0ROCHESTER
IRS990/USAddress/StateAbbreviationCd0MN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$8,067,469
Liabilities
$8,528,419
Net assets
-$460,950
Revenue
$2,448,422
Expenses
$2,912,368
Net income
-$463,946
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
2023Detailed filing. Detailed filing data is available for this year.$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