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Nonprofiteer
← COLOGNE ACADEMY

Form 990 for tax year 2022

Filed by COLOGNE ACADEMY.

Totals

Total revenue
$10,557,503
Total expenses
$10,347,747
Contributions and grants received
$9,798,216
Grants paid
$0
Program service revenue
$591,309
Investment income
$47,604
Other revenue
$120,374
Total assets, end of year
$8,609,784
Total liabilities, end of year
$8,245,827
Net assets or fund balances, end of year
$363,957
Program services expenses (Part IX)
$9,795,409
Management and general expenses
$552,338
Fundraising expenses
$0
Program service expenses (Part III)
$9,795,409

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • AMANDA DANIEL

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • PAUL MODEEN

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • MELISSA HANSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JENNA MCINNIS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • NATHAN KELLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SHERYL REDDIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BRIAN GOLDIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MATT KRAUSE

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • LAURA OMAN

    DIRECTOR

    Total calculated
    $71,865
    From this org
    $65,905
    From related orgs
    $0
    Other
    $5,960
    Hours/week
    42

  • LYNN PETERSON

    EX OFFICIO/EXECUTIVE DIRECTOR

    Total calculated
    $182,120
    From this org
    $153,810
    From related orgs
    $0
    Other
    $28,310
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $118,560
    Bonus
    $35,250
    Other
    $0
    Deferred
    $10,751
    Nontaxable benefits
    $17,559
    Filer's total
    $182,120

  • TRACI LAFERRIERE

    EX OFFICIO/CFO

    Total calculated
    $85,034
    From this org
    $70,822
    From related orgs
    $0
    Other
    $14,212
    Hours/week
    30

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A COMPREHENSIVE REVIEW OF THE COMPENSATION OF SUPERINTENDENTS AND PRINCIPALS OF AREA CHARTER SCHOOLS WAS COMPLETED AND USED TO DEVELOP A GRID OF PROFESSIONAL COMPETENCE AND PAY BY RATING THE EXECUTIVE DIRECTOR IN SEVERAL AREAS IDENTIFIED AND COMPENSATION WAS DETERMINED FROM THIS SCALE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • COLOGNE ACADEMY BUILDING COMPANY

    501(C)(3) · BUILDING COMPANY - LEASE FACILITY FOR SCHOOL · MN · controlled entity

    Directly controlled by COLOGNE ACADEMY

  • COLOGNE ACADEMY PAVE COMMITTEE

    501(C)(3) · TO PROMOTE PARENT INVOLVEMENT WITH STUDENT ACTIVITIES · MN · controlled entity

    Directly controlled by COLOGNE ACADEMY

  • COLOGNE STARS BUILDING COMPANY

    501(C)(3) · BUILDING COMPANY - LEASE FACILITY FOR SCHOOL · MN · controlled entity

    Directly controlled by COLOGNE ACADEMY

Provenance

Return type
form_990
Tax year
2022
Filed
24 April 2024
IRS schema version
2022v5.0
Source object
202441159349300434

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