ATHLOS LEADERSHIP ACADEMY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ATHLOS LEADERSHIP ACADEMY (EIN 41-1822009)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-04-20
IRS object ID
201501109349300730
Schema version
2013v4.0
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)
Return2015-04-20T14:49:00-07:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Beltz Kes Darling & AssociatesBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line122488 Chippendale Ave WAddressLine1
CityFarmingtonCity
StateMNState
ZIP Code55024ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411822009EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Athlos Leadership AcademyBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlATHLBusinessNameControlTxt
Phone7637778942PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110100 Noble ParkwayAddressLine1
CityBrooklyn ParkCity
StateMNState
ZIP Code55443ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJennifer GeraghtyPersonNm
Person TitlePrincipalPersonTitleTxt
Signature2015-04-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTheresa KingsburyPreparerPersonNm
PTINP01062926PTIN
Phone6514632233PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJennifer GeraghtyPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110100 Noble ParkwayAddressLine1
CityBrooklyn ParkCity
StateMNState
ZIP Code55443ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$3,581,035GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
All Affiliates IncludedfalseAllAffiliatesIncludedInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.athlosbrooklynpark.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1994FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionSee Part III, Line 1ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee55TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$4,014,171PYContributionsGrantsAmt
CY Contributions Grants$3,405,461CYContributionsGrantsAmt
PY Program Service Revenue$31,602PYProgramServiceRevenueAmt
CY Program Service Revenue$54,344CYProgramServiceRevenueAmt
PY Investment Income$278PYInvestmentIncomeAmt
CY Investment Income$40CYInvestmentIncomeAmt
PY Other Revenue$21,771PYOtherRevenueAmt
CY Other Revenue$121,190CYOtherRevenueAmt
PY Total Revenue$4,067,822PYTotalRevenueAmt
CY Total Revenue$3,581,035CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,241,177PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,908,536CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,200CYTotalFundraisingExpenseAmt
PY Other Expenses$1,855,237PYOtherExpensesAmt
CY Other Expenses$1,872,001CYOtherExpensesAmt
PY Total Expenses$4,096,414PYTotalExpensesAmt
CY Total Expenses$3,780,537CYTotalExpensesAmt
PY Revenues Less Expenses-$28,592PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$199,502CYRevenuesLessExpensesAmt
Total Assets BOY$1,077,763TotalAssetsBOYAmt
Total Assets EOY$608,609TotalAssetsEOYAmt
Total Liabilities BOY$588,774TotalLiabilitiesBOYAmt
Total Liabilities EOY$319,122TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$488,989NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$289,487NetAssetsOrFundBalancesEOYAmt
MissionAthlos Leadership Academy is a Pre-K through 8th grade public charter school that believes in providing students with a challenging and comprehensive high school preparatory education through high standards for academic scholarship, fitness and nutrition, character development and student leadership opportunities.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$3,020,310ExpenseAmt
Revenue$175,534RevenueAmt
DescAthlos Leadership Academy (ALA) is a PreK through 8th grade charter school located in Brooklyn Park, Minnesota. In the summer of 2013, ALA moved to Brooklyn Park from its previous location in NE Minneapolis. During 2013-2014 the school rented space from Edinbrook Church, serving under 200 students while building a new site in Brooklyn Park to expand and house over 1000 students. Athlos is a unique public school model that prepares kids for a competitive future in three essential ways: Academics + Athletics + Character. ALA provides a school climate where both academic achievement and a caring community are valued.Desc
Total Program Service Expenses$3,020,310TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document24IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee55EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBeltz Kes Darling AssocPersonNm
Phone6514632233PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line122488 Chippendale AveAddressLine1
CityFarmingtonCity
StateMNState
ZIP Code55024ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Ann Marie DeGroot
Board Chair1.000.00Yes (X)Yes (X)$0$0$0
Kit Murley-Henspeter
Treasurer41.000.00Yes (X)Yes (X)$40,853$0$6,617
Julie Brown
Secretary41.000.00Yes (X)Yes (X)$63,177$0$6,755
Virginia Anderson
Member41.000.00Yes (X)$48,878$0$8,801
Jan Ficken
Member1.000.00Yes (X)$0$0$0
Jennifer Rowdon
Member1.000.00Yes (X)$0$0$0
Jennifer Geraghty
Principal40.000.00Yes (X)$132,916$0$12,192
FieldValueIRS element (for citing)
Total Reportable Comp From Org$285,824TotalReportableCompFromOrgAmt
Total Other Compensation$34,365TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Monarch Bus ServiceBusinessNameLine1

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 East 10th St Suite 300AddressLine1
CityHastingsCity
StateMNState
ZIP Code55033ZIPCode
FieldValueIRS element (for citing)
ServicesBus ServiceServicesDesc
Compensation$332,981CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$3,404,002GovernmentGrantsAmt
All Other Contributions$1,459AllOtherContributionsAmt
Total Contributions$3,405,461TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Food Sales to Pupils722210$9,197$9,197
Medical Assistance611600$45,147$45,147
FieldValueIRS element (for citing)
Total Program Service Revenue$54,344TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$40TotalRevenueColumnAmt
Exclusion$40ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMisc RevenueDesc
Business611600BusinessCd
Total Revenue Column$121,190TotalRevenueColumnAmt
Related Or Exempt Func Income$121,190RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$121,190OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,581,035TotalRevenueColumnAmt
Related Or Exempt Func Income$175,534RelatedOrExemptFuncIncomeAmt
Exclusion$40ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$326,632TotalAmt
Program Services$179,856ProgramServicesAmt
Management And General$146,776ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,314,450TotalAmt
Program Services$1,143,898ProgramServicesAmt
Management And General$170,552ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$92,016TotalAmt
Program Services$80,590ProgramServicesAmt
Management And General$11,426ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$71,518TotalAmt
Program Services$61,299ProgramServicesAmt
Management And General$10,219ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$103,920TotalAmt
Program Services$97,196ProgramServicesAmt
Management And General$6,724ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$14,008TotalAmt
Management And General$14,008ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$92,743TotalAmt
Management And General$92,743ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$555,015TotalAmt
Program Services$437,161ProgramServicesAmt
Management And General$114,654ManagementAndGeneralAmt
Fundraising$3,200FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,411TotalAmt
Management And General$4,411ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$62,005TotalAmt
Program Services$12,686ProgramServicesAmt
Management And General$49,319ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$95,968TotalAmt
Program Services$11,614ProgramServicesAmt
Management And General$84,354ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$169,950TotalAmt
Program Services$169,950ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$15,498TotalAmt
Program Services$9,657ProgramServicesAmt
Management And General$5,841ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$29,471TotalAmt
Program Services$28,919ProgramServicesAmt
Management And General$552ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,129TotalAmt
Management And General$17,129ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Transportation$390,013$390,013
Disposal of Equipment$149,080$149,080
Food Service$105,073$105,073
Supplies$93,271$93,271

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$78,366TotalAmt
Program Services$50,047ProgramServicesAmt
Management And General$28,319ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,780,537TotalAmt
Program Services$3,020,310ProgramServicesAmt
Management And General$757,027ManagementAndGeneralAmt
Fundraising$3,200FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$150,681BOYAmt
EOY$155,449EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$685,640BOYAmt
EOY$313,277EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,072BOYAmt
EOY$42,625EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,001,964LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$904,706LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$223,370BOYAmt
EOY$97,258EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,077,763BOYAmt
EOY$608,609EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$282,318BOYAmt
EOY$319,122EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$257,611BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$48,845BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$588,774BOYAmt
EOY$319,122EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$265,619BOYAmt
EOY$192,229EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$223,370BOYAmt
EOY$97,258EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$488,989BOYAmt
EOY$289,487EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,077,763BOYAmt
EOY$608,609EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$199,502ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,001,964OtherCostOrOtherBasisAmt
Depreciation$904,706DepreciationAmt
Book Value$97,258BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$97,258TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,581,035TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$3,581,035RevenueSubtotalAmt
Total Revenue Per Form990$3,581,035TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,654,425TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$52,439OtherExpensesIncludedAmt
Expenses Not Reported$52,439ExpensesNotReportedAmt
Expenses Subtotal$3,601,986ExpensesSubtotalAmt
Other Expenses Not Included$178,551OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$178,551ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,780,537TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X : FIN48 FootnoteThe Academy is exempt from income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business.The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formally known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax positions will more-likely-than-not be sustained under examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy has believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on their respective financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June, 30, 2014.The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. The Academy's open audit periods are the years ended June 30, 2011, 2012, and 2013.
Part XII, Line 2d: Other expenses and losses per audited F/SCapital Outlays $52439
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/SDepreciation Expense $29471 Loss on Disposal of Capital Asset $149080

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsfalseMaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental AgencyAs a MN Public Charter School, the School receives state education aid and federal grant funding.
Schedule E, Line 3 - Racially Nondiscriminatory Policy PublicizedThe School does not advertise during the solicitation period, however, the Nondiscrimination policy is made available in brochures and handbooks.
Schedule E, Line 4 - Explanation of Records and Materials Not MaintainedNo Scholarships awarded, tuition-free program.
Schedule E, Line 5 - Explanation of Organization Discrimination by Race

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b: Form 990 Review ProcessThe Form 990 will be presented to the Board of Directors for review and approval prior to filing.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsThe School's conflict of interest policy covers Directors, Officers and Members of each committee with Board-Delegated powers. Each covered individual shall complete and sign a conflict of interest policy annual statements at the time of his or her initial election or appointment and annually thereafter. A violation of the School's policy renders a contract voidable at the option of the Commissioner or the Charter School Board of Directors. A member of the School's Board of Directors who violates this prohibition is individually liable to the Charter School for any damages caused by the violation in connection with any actual or possible conflicts of interest. An interested person must disclose the existence of his or her financial interest and given the opportunity to disclose all material facts relating to his or her financial interest to the Directors or Members of Committees with Board-Delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interest person, the interested person must leave the Board (or Committee) meeting while the financial interest is discussed and voted upon. The remaining Board (or Committee) members shall decide if a conflict of interest exists. The meeting minutes shall document the names of the persons who disclosed a relationship or otherwise were found to have a conflict, the nature of the relationship, any action taken to determine whether a conflict of interest was present and the Board's (or Committee's) decision as to whether a conflict of interest in fact existed, the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussions, including any alternatives to the proposed transaction or arrangement and a record of any votes taken in connection therewith.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementThe compensation for the School Principal, J Geraghty included an approval by the Board. The salary was determined on a basis consistent with the prior year's salary and within the limitations of the budget. The School's 2014 fiscal year budget included research data with compensation information for principals in comparable schools.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableThe Academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
Related Board MembersPer MN Statute 124D.10, Charter Schools are required to have licensed teachers as members of the Board of Directors.Kit Murley-Henspeter, Julie Brown, and Virginia Anderson are Board Members but receive compensation for their services as teachers.

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