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Nonprofiteer
← OEN - DES MOINES PREP

Form 990 for tax year 2024

Filed by OEN - DES MOINES PREP.

Totals

Total revenue
$515,000
Total expenses
$389,514
Contributions and grants received
$515,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,328,428
Total liabilities, end of year
$4,202,941
Net assets or fund balances, end of year
$125,487
Program services expenses (Part IX)
$321,491
Management and general expenses
$68,023
Fundraising expenses
$0
Program service expenses (Part III)
$321,491

Program services were 82.5% 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.

  • 1f · All other contributions, gifts and grants

    $515,000

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $66,945 · program services $66,945 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $109,092 · program services $109,092 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $63,525 · program services $63,525 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $12,608 · program services $12,608 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $3,679 · program services $2,524 · management and general $1,155 · fundraising $0

  • 11b · Fees: legal

    total $8,014 · program services $0 · management and general $8,014 · fundraising $0

  • 12 · Advertising and promotion

    total $48,393 · program services $0 · management and general $48,393 · fundraising $0

  • 13 · Office expenses

    total $6,346 · program services $6,346 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $28,867 · program services $28,867 · management and general $0 · fundraising $0

  • 17 · Travel

    total $10,461 · program services $0 · management and general $10,461 · fundraising $0

  • 23 · Insurance

    total $505 · program services $505 · management and general $0 · fundraising $0

  • 24a · Other expenses: Printing

    total $22,416 · program services $22,416 · management and general $0 · fundraising $0

  • 24b · Other expenses: Professional License and Development Fees

    total $2,349 · program services $2,349 · management and general $0 · fundraising $0

  • 24c · Other expenses: Recruiting Expense

    total $5,004 · program services $5,004 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,310 · program services $1,310 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,156 · end of year $107,908

  • 4 · Accounts receivable

    end of year $4,449

  • 10a · Land, buildings and equipment: cost or other basis

    $515,604

  • 10c · Land, buildings and equipment, net

    end of year $515,604

  • 15 · Other assets

    beginning of year $0 · end of year $3,700,467

  • 22 · Loans and payables to officers and key people

    end of year $4,202,941

  • 27 · Net assets without donor restrictions

    beginning of year $2,156 · end of year $125,487

Mission and programs · 2024

Mission

Own and operate an Iowa charter secondary school.

  • Own and operate an Iowa charter school in Des Moines, Iowa.

    Expenses $321,491 · Revenue $515,000

As filed on the 2024 return.

Listed in Part VII

  • Manuel Mattke

    President and Director

    Total calculated
    $1,999,014
    From this org
    $0
    From related orgs
    $1,999,014
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $1,999,014 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $2,022,014 related

  • Tim Rypma

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jessi McQuerrey

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Simmons

    VP and Treasurer

    Total calculated
    $299,536
    From this org
    $0
    From related orgs
    $299,536
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $299,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $322,536 related

  • Steve Christensen

    Secretary and GC

    Total calculated
    $315,554
    From this org
    $0
    From related orgs
    $315,554
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $315,554 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,500 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $323,054 related

  • Matthew Lakis

    Principal

    Total calculated
    $66,945
    From this org
    $66,945
    From related orgs
    $0
    Other
    $0
    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. 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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Mathew Lakis

    Schedule J breakdown

    Base
    $66,945
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $66,945

Answered yes

None.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Hugo Enterprises LLC

    Unrelated · Holding Company · NE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • JJR Enterprises LLC

    Unrelated · Holding Company · NE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HE Management Company

    S · Management Company · DE · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.2
Source object
202611359349313166

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