Trio Wolf Creek Distance Learning
- Assets
- $2.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Chisago City, MN
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 03-0447156
Organization Overview
Trio Wolf Creek Distance Learning is located in Chisago City, MN. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Trio Wolf Creek Distance Learning employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trio Wolf Creek Distance Learning is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Trio Wolf Creek Distance Learning generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS WITH A PERSONALIZED AND FLEXIBLE ONLINE EDUCATION THAT WILL PREPARE THEM FOR FUTURE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRIO IS AN ONLINE HIGH SCHOOL SERVING STUDENTS IN GRADES 9-12. TRIO'S MISSION STATEMENT IS "TO PROVIDE STUDENTS WITH A PERNSONALIZED AND FLEXIBLE ONLINE EDUCATION THAT WILL PREPARE THEM FOR FUTURE SUCCESS."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Quarnstrom Director | Officer | 40 | $113,647 |
Brenda Swanson Dean Of Students | Officer | 40 | $98,120 |
Sandra Flint Secretary/treasurer/learning Manager | OfficerTrustee | 40 | $70,339 |
Becki Olseen Member And Learning Manager | Trustee | 40 | $55,915 |
Chloe Jackson Member And Learning Manager | Trustee | 40 | $54,992 |
Susan Frame Vice Chairperson | OfficerTrustee | 1 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,176,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,179,290 |
| Total Program Service Revenue | $6,340 |
| Investment income | $5,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,310,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $395,863 |
| Compensation of current officers, directors, key employees. | $47,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,188 |
| Pension plan accruals and contributions | $78,844 |
| Other employee benefits | $267,835 |
| Payroll taxes | $72,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $823 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248,586 |
| Advertising and promotion | $0 |
| Office expenses | $19,098 |
| Information technology | $30,825 |
| Royalties | $0 |
| Occupancy | $24,270 |
| Travel | $5,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,884 |
| Insurance | $13,895 |
| All other expenses | $5,428 |
| Total functional expenses | $1,998,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,464 |
| Savings and temporary cash investments | $1,248,000 |
| Pledges and grants receivable | $446,628 |
| Accounts receivable, net | $6,072 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,535 |
| Net Land, buildings, and equipment | $196,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $395,829 |
| Total assets | $2,904,628 |
| Accounts payable and accrued expenses | $112,685 |
| Grants payable | $133,062 |
| Deferred revenue | $2,922 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,928,337 |
| Total liabilities | $2,177,006 |
| Net assets without donor restrictions | $401,669 |
| Net assets with donor restrictions | $325,953 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,904,628 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trio Wolf Creek Distance Learning has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |
Prodeo Academy Columbia Heights, MN | $7,923,634 | $13,232,357 |