Totals
- Total revenue
- $1,916,045
- Total expenses
- $2,225,363
- Contributions and grants received
- $1,802,812
- Grants paid
- $0
- Program service revenue
- $111,749
- Investment income
- $1,484
- Other revenue
- $0
- Total assets, end of year
- $1,190,863
- Total liabilities, end of year
- $1,933,267
- Net assets or fund balances, end of year
- -$742,404
- Program services expenses (Part IX)
- $2,028,658
- Management and general expenses
- $196,705
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,028,658
Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,800,612
-
1f · All other contributions, gifts and grants
$2,200
-
2a · Program service revenue: MEDICAL ASSISTANCE
total $109,399 · excluded $109,399
-
2b · Program service revenue: FEES FROM PATRONS
total $1,836 · related or exempt $1,836
-
2c · Program service revenue: FOOD SERVICE REVENUE
total $514 · related or exempt $514
-
3 · Investment income
total $1,484 · excluded $1,484
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $351,433 · program services $351,433
-
7 · Other salaries and wages
total $859,036 · program services $745,587 · management and general $113,449
-
8 · Pension plan contributions
total $70,921 · program services $58,528 · management and general $12,393
-
9 · Other employee benefits
total $80,279 · program services $58,685 · management and general $21,594
-
10 · Payroll taxes
total $85,978 · program services $75,423 · management and general $10,555
-
11c · Fees: accounting
total $15,357 · management and general $15,357
-
11g · Fees: other
total $77,984 · program services $62,514 · management and general $15,470
-
13 · Office expenses
total $135,914 · program services $128,223 · management and general $7,691
-
14 · Information technology
total $20,899 · program services $20,899
-
16 · Occupancy
total $237,939 · program services $237,939
-
17 · Travel
total $3,342 · program services $3,342
-
19 · Conferences, conventions and meetings
total $6,020 · program services $5,824 · management and general $196
-
20 · Interest
total $33,385 · program services $33,385
-
22 · Depreciation, depletion and amortization
total $203,127 · program services $203,127
-
23 · Insurance
total $11,937 · program services $11,937
-
24a · Other expenses: REPAIRS & MAINTANENCE
total $15,297 · program services $15,297
-
24b · Other expenses: DUES & MEMBERSHIPS
total $11,320 · program services $11,320
-
24c · Other expenses: MISCELLANEOUS
total $5,195 · program services $5,195
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $288,421 · end of year $250,458
-
4 · Accounts receivable
beginning of year $216,939 · end of year $157,358
-
9 · Prepaid expenses and deferred charges
beginning of year $8,182 · end of year $8,182
-
10a · Land, buildings and equipment: cost or other basis
$208,849
-
10b · Land, buildings and equipment: accumulated depreciation
$165,504
-
10c · Land, buildings and equipment, net
beginning of year $60,397 · end of year $43,345
-
15 · Other assets
beginning of year $1,008,880 · end of year $731,520
-
17 · Accounts payable and accrued expenses
beginning of year $157,261 · end of year $138,997
-
24 · Unsecured notes and loans payable
beginning of year $488,047 · end of year $292,941
-
25 · Other liabilities
beginning of year $1,676,755 · end of year $1,501,329
-
29 · Capital stock, trust principal or current funds
beginning of year -$967,764 · end of year -$1,033,793
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $97,772 · end of year $83,277
-
31 · Retained earnings, endowment or other funds
beginning of year $130,748 · end of year $208,112
Mission and programs · 2023
Mission
TO OPERATE AN ELEMENTARY PUBLIC CHARTER SCHOOL IN WASECA UNDER THE LAWS OF THE STATE OF MINNESOTA.
-
TEAM ACADEMY PROVIDES AN EDUCATIONAL PROGRAM TO APPROXIMATELY 100 ELEMENTARY STUDENTS.
Expenses $2,028,658 · Revenue $2,350
As filed on the 2023 return.
Listed in Part VII
-
Jed KalbowJED KALBOW
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer BrittainJENNIFER BRITTAIN
VICE CHAIR
- Total calculated
- $71,404
- From this org
- $56,173
- From related orgs
- $0
- Other
- $15,231
- Hours/week
- 40
-
Christine HeringCHRISTINE HERING
TREASURER
- Total calculated
- $74,292
- From this org
- $66,965
- From related orgs
- $0
- Other
- $7,327
- Hours/week
- 40
-
Janel SchmidtJANEL SCHMIDT
DIRECTOR
- Total calculated
- $73,557
- From this org
- $59,847
- From related orgs
- $0
- Other
- $13,710
- Hours/week
- 40
-
Denise GilbertsonDENISE GILBERTSON
DIRECTOR
- Total calculated
- $59,789
- From this org
- $52,710
- From related orgs
- $0
- Other
- $7,079
- Hours/week
- 40
-
Sheryl OsweilerSHERYL OSWEILER
DIRECTOR
- Total calculated
- $56,087
- From this org
- $50,755
- From related orgs
- $0
- Other
- $5,332
- Hours/week
- 40
-
Monika DielMONIKA DIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill CourtneyJILL COURTNEY
EXECUTIVE DIRECTOR
- Total calculated
- $112,215
- From this org
- $74,157
- From related orgs
- $0
- Other
- $38,058
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500169349300525
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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