Clarkfield Area Charter School
- Assets
- $636.5k
- Revenue
- $700.5k
- Investments
- $0.0
- Employees
- 26
- Location
- Clarkfield, MN
- Founding
- 07/2008
- Data as of
- 06/2022
- EIN
- 11-3802231
Organization Overview
Clarkfield Area Charter School is located in Clarkfield, MN. The organization was established in 2008. 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, Clarkfield Area Charter School employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarkfield Area Charter School 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, Clarkfield Area Charter School generated $700.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $639.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
EDUCATION OF K-4 YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS SCHOOL IS OPEN TO STUDENTS FROM KINDERGARDEN THROUGH THE FOURTH GRADE WITHIN A 30 MILE RADIUS OF THE SCHOOL. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 THE SCHOOL HAD 47 ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Jessen Treasurer/te | Officer | 1 | $39,009 |
Lacey Gillott Vice Chairpe | Officer | 1 | $0 |
Kristin Hedtke Clerk | Officer | 1 | $0 |
Brenda Risa Chairperson | Officer | 1 | $0 |
Nicole Wold Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $621,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $662,805 |
| Total Program Service Revenue | $37,569 |
| Investment income | $128 |
| 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 | $700,502 |
| 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. | $36,587 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,586 |
| Pension plan accruals and contributions | -$15,774 |
| Other employee benefits | $4,396 |
| Payroll taxes | $27,034 |
| Fees for services: Management | $1,176 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,573 |
| Travel | $3,580 |
| 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 | $15,237 |
| Insurance | $8,715 |
| All other expenses | $7,200 |
| Total functional expenses | $639,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $230,380 |
| Pledges and grants receivable | $43,710 |
| Accounts receivable, net | $252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $935 |
| Prepaid expenses and deferred charges | $18,450 |
| Net Land, buildings, and equipment | $141,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,925 |
| Total assets | $636,464 |
| Accounts payable and accrued expenses | $47,113 |
| Grants payable | $0 |
| Deferred revenue | $3,101 |
| 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 | $811,342 |
| Total liabilities | $861,556 |
| Net assets without donor restrictions | -$365,783 |
| Net assets with donor restrictions | $140,691 |
| 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 | $636,464 |
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