BETA

TECHNICAL ACADEMIES OF MINNESOTA: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
TECHNICAL ACADEMIES OF MINNESOTA (EIN 46-0977989)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-01
IRS object ID
201911219349301861
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-01T16:28:42-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411397419PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Abdo Eick & Meyers LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Warren St Ste 600AddressLine1Txt
CityMankatoCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56001ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460977989EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Technical Academies of MinnesotaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTECHBusinessNameControlTxt
Phone3202625640PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11705 16th St NEAddressLine1Txt
CityWillmarCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichaela BengtsonPersonNm
Person TitleInterim ChairPersonTitleTxt
Phone3202625640PhoneNum
Signature2019-05-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonThomas J Olinger CPAPreparerPersonNm
PTINP00743407PTIN
Phone5076252727PhoneNum
Preparation2019-05-01PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.88.174.3IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-01IPDt
IP Tm11:30:02IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id702802D860069F02664BA60D044EB13B825E5293AtSubmissionCreationDeviceId
At Submission Filing Device IdB98259601918751E3EAE160D43562E49B7C09489AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMichaela BengtsonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11705 16th ST NEAddressLine1Txt
CityWillmarCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,941,063GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.technicalacademies.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTo provide innovative educational opportunities and develop career pathways for young adults in partnership with the public and private sector. The Technical Academies will seek to fulfill the talent needs of industry and service.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,199,929PYContributionsGrantsAmt
CY Contributions Grants$1,930,781CYContributionsGrantsAmt
PY Program Service Revenue$5,832PYProgramServiceRevenueAmt
CY Program Service Revenue$3,525CYProgramServiceRevenueAmt
PY Investment Income$1,844PYInvestmentIncomeAmt
CY Investment Income$82CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$6,675CYOtherRevenueAmt
PY Total Revenue$2,207,605PYTotalRevenueAmt
CY Total Revenue$1,941,063CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$81,116PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$121,412CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,899,288PYOtherExpensesAmt
CY Other Expenses$1,932,262CYOtherExpensesAmt
PY Total Expenses$1,980,404PYTotalExpensesAmt
CY Total Expenses$2,053,674CYTotalExpensesAmt
PY Revenues Less Expenses$227,201PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$112,611CYRevenuesLessExpensesAmt
Total Assets BOY$865,029TotalAssetsBOYAmt
Total Assets EOY$805,299TotalAssetsEOYAmt
Total Liabilities BOY$86,907TotalLiabilitiesBOYAmt
Total Liabilities EOY$139,788TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$778,122NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$665,511NetAssetsOrFundBalancesEOYAmt
MissionTo provide innovative educational opportunities and develop career pathways for young adults in partnership with the public and private sector. The technical academies will seek to fulfill the talent needs of industry and service.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,735,930ExpenseAmt
Revenue$10,200RevenueAmt
DescOur vision is to create technical academies that foster competencies, creativity, confidence and purpose resulting in successful leaders and citizens for Minnesota's future. During the year we provided benefits to approximately 126 students.Desc
Total Program Service Expenses$1,735,930TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The OrganizationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3202625640PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11705 16th St NEAddressLine1Txt
CityWillmarCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56201ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Sue Blumhoefer
Chair1.00Yes (X)Yes (X)$0$0$0
Mike Millerbernd
Vice Chair/Acting Chair1.00Yes (X)Yes (X)$0$0$0
Elise Hageman
Recorder1.00Yes (X)Yes (X)$0$0$0
Dan Swenson
Treasurer1.00Yes (X)Yes (X)$0$0$0
Jim Barnes
Member1.00Yes (X)$0$0$0
Billie Johnson
Member1.00Yes (X)$0$0$0
Michaela Bengtson
Member1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EdVisions Schools IncBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 Main StreetAddressLine1Txt
CityHendersonCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56044ZIPCd
FieldValueIRS element (for citing)
ServicesEducators and managementServicesDesc
Compensation$1,026,706CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$1,915,305GovernmentGrantsAmt
All Other Contributions$15,476AllOtherContributionsAmt
Total Contributions$1,930,781TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Charges for Services611600$2,594$2,594
Medical Assistance611600$931$931
FieldValueIRS element (for citing)
Total Program Service Revenue$3,525TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$82TotalRevenueColumnAmt
Exclusion$82ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMiscellaneous RevenueDesc
Business900099BusinessCd
Total Revenue Column$6,675TotalRevenueColumnAmt
Related Or Exempt Func Income$6,675RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,675OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,941,063TotalRevenueColumnAmt
Related Or Exempt Func Income$10,200RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$82ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$94,534TotalAmt
Program Services$87,887ProgramServicesAmt
Management And General$6,647ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,277TotalAmt
Program Services$6,768ProgramServicesAmt
Management And General$509ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,613TotalAmt
Program Services$12,375ProgramServicesAmt
Management And General$238ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,988TotalAmt
Program Services$6,484ProgramServicesAmt
Management And General$504ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$11,778TotalAmt
Management And General$11,778ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,357,157TotalAmt
Program Services$1,099,079ProgramServicesAmt
Management And General$258,078ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,860TotalAmt
Program Services$223ProgramServicesAmt
Management And General$5,637ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$17,857TotalAmt
Program Services$9,214ProgramServicesAmt
Management And General$8,643ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$586TotalAmt
Program Services$586ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$413,109TotalAmt
Program Services$413,109ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$15,158TotalAmt
Program Services$10,699ProgramServicesAmt
Management And General$4,459ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$24,492TotalAmt
Program Services$24,492ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$13,729TotalAmt
Program Services$13,729ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
Supplies/Textbooks/Work$38,799$38,799
Sponsor Fees/Membership$20,264$20,264
Field Trips$7,174$7,174
Furniture/Equipment$3,333$3,333

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,966TotalAmt
Program Services$1,979ProgramServicesAmt
Management And General$987ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,053,674TotalAmt
Program Services$1,735,930ProgramServicesAmt
Management And General$317,744ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$458,062BOYAmt
EOY$455,889EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$245,162BOYAmt
EOY$187,597EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$4,866EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$38,126BOYAmt
EOY$54,096EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$160,837LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$57,986LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$123,679BOYAmt
EOY$102,851EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$865,029BOYAmt
EOY$805,299EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$82,825BOYAmt
EOY$139,788EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$4,082BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$86,907BOYAmt
EOY$139,788EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$778,122BOYAmt
EOY$665,511EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$778,122BOYAmt
EOY$665,511EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$865,029BOYAmt
EOY$805,299EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$112,611ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$160,837OtherCostOrOtherBasisAmt
Depreciation$57,986DepreciationAmt
Book Value$102,851BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$102,851TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,941,063TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,941,063RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,941,063TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,053,674TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,053,674ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,053,674TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationIncome Taxes The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2018, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule E, Part I, Line 6FormAndLineReferenceDesc
ExplanationThe Organization receives financial assistance from the US Department of Education and the Minnesota Department of Education.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 3Technical Academies of Minnesota utilized a contracted education-based service organization through June 30, 2018 to provide staff and support for the education of students.
Form 990, Part VI, Section B, line 11bThe Form 990 is prepared by an independent accounting firm and reviewed by the school's Board Chair and financial manager. The reviewed draft of the Form 990 is provided to the board electronically prior to filing with the IRS.
Form 990, Part VI, Section B, line 12cThe organization annually evaluates all conflict of interest policies submitted by board members and employees. The organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the organization.
Form 990, Part VI, Section C, line 19The organization makes its public documents available upon request.
Form 990, Part IX, line 11gContracted Services - Educators: Program service expenses 966,203. Management and general expenses 0. Fundraising expenses 0. Total expenses 966,203. Contracted Services - Special Education: Program service expenses 97,781. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,781. Contracted Services - Consulting/Other: Program service expenses 31,957. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,957. Contracted Services - Staff: Program service expenses 3,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,138. Contracted Services - Financial/Business: Program service expenses 0. Management and general expenses 217,619. Fundraising expenses 0. Total expenses 217,619. Contracted Services - Business/Planning: Program service expenses 0. Management and general expenses 40,459. Fundraising expenses 0. Total expenses 40,459.
Form 990, Part XII, Line 2c:The Board of Directors assumes responsibility for the oversight of the audit as well as the selection of the independent auditor.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.