Metro Schools
- Assets
- $7.6m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 138
- Location
- Minneapolis, MN
- Founding
- 06/2005
- Data as of
- 06/2022
- EIN
- 35-2215865
Organization Overview
Metro Schools is located in Minneapolis, 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, Metro Schools employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Schools 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, Metro Schools generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $13.2m during the year ending 06/2022. While expenses have increased by 17.9% 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
METRO SCHOOLS COLLEGE PREP IS COMMITTED TO ACADEMIC EXCELLENCE AND CLOSING THE ACHIEVEMENT GAP BY ESTABLISHING RIGOROUS GOALS FOR STUDENTS, PARENTS, TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES INCLUDE FURTHER DEVELOPMENT OF THE CHARTER SCHOOL, IMPROVEMENT OF PUPIL LEARNING, AN INCREASE OF LEARNING OPPORTUNITIES FOR DIVERSE COMMUNITIES, AND CREATING PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmed Elmi Ex-Officio | Officer | 40 | $164,130 |
Mohamed Musa Member | Trustee | 40 | $84,436 |
Seema Altaf Member | Trustee | 40 | $53,191 |
Abdulkadir Abdalla Chair | OfficerTrustee | 1 | $0 |
Khadra Hassan Member | Trustee | 1 | $0 |
Osman Salah Samatar Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Minnehaha Transportation Transportation | 6/29/22 | $772,745 |
Done Right Food Services Inc Food Service | 6/29/22 | $234,052 |
Southdale Transportation Services Inc Transportation | 6/29/22 | $366,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,373,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,398,715 |
| Total Program Service Revenue | $0 |
| Investment income | $6,098 |
| 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 | $13,404,813 |
| 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. | $397,958 |
| Compensation of current officers, directors, key employees. | $232,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,697,840 |
| Pension plan accruals and contributions | $412,211 |
| Other employee benefits | $486,580 |
| Payroll taxes | $396,077 |
| Fees for services: Management | $219,444 |
| Fees for services: Legal | $2,025 |
| Fees for services: Accounting | $78,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,203,994 |
| Advertising and promotion | $0 |
| Office expenses | $66,422 |
| Information technology | $557,631 |
| Royalties | $0 |
| Occupancy | $2,023,333 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,706 |
| Insurance | $30,797 |
| All other expenses | $0 |
| Total functional expenses | $13,223,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,995,049 |
| Pledges and grants receivable | $1,836,547 |
| Accounts receivable, net | $0 |
| 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 | $50,000 |
| Net Land, buildings, and equipment | $297,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,433,051 |
| Total assets | $7,612,439 |
| Accounts payable and accrued expenses | $1,037,495 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,642 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,206,635 |
| Total liabilities | $8,248,772 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$929,483 |
| Paid-in or capital surplus, or land, building, or equipment fund | $293,150 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,612,439 |