Spectrum High School
- Assets
- $6.3m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 188
- Location
- Elk River, MN
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 37-1518372
Organization Overview
Spectrum High School is located in Elk River, MN. The organization was established in 2007. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Spectrum High School employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum High 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 06/2021, Spectrum High School generated $9.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $9.3m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC CHARTER SCHOOL GRADES 6-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECTRUM'S VISION IS TO BE A LEADING COLLEGE PREPARATORY SCHOOL OF CHOICE COMMITTEE TO HIGH STANDARDS AND EXCEPTIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Debruyn Executive Director | Officer | 40 | $133,202 |
Greg Heinecke Middle School Principle | 40 | $109,616 | |
Mark Leland High School Principal | 40 | $103,682 | |
Jessica Kemnitz Former Board Member/teacher | 45 | $56,514 | |
Tony Brunt Secretary/teacher | OfficerTrustee | 45 | $55,085 |
Nancy Moe Board Member/teacher | Trustee | 45 | $50,680 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northstar Bus Lines Llc Transportation | 6/29/21 | $329,742 |
Anoka-ramsey Community College Education | 6/29/21 | $130,175 |
Bergankdv Outsourced Services Accounting Services | 6/29/21 | $111,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,084,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,106,148 |
| Total Program Service Revenue | $214,807 |
| Investment income | $3,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,170 |
| 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 | $3,476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,361,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,820 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,810 |
| Compensation of current officers, directors, key employees. | $156,280 |
| Compensation to disqualified persons | $74,653 |
| Other salaries and wages | $4,308,421 |
| Pension plan accruals and contributions | $356,879 |
| Other employee benefits | $501,532 |
| Payroll taxes | $325,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,452 |
| Fees for services: Accounting | $124,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $397,055 |
| Advertising and promotion | $0 |
| Office expenses | $180,992 |
| Information technology | $218,297 |
| Royalties | $0 |
| Occupancy | $1,546,828 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,222 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,681 |
| Insurance | $57,154 |
| All other expenses | $128,722 |
| Total functional expenses | $9,278,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,455 |
| Savings and temporary cash investments | $1,129,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $759,771 |
| 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 | $12,417 |
| Net Land, buildings, and equipment | $775,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,722,137 |
| Total assets | $6,267,072 |
| Accounts payable and accrued expenses | $632,088 |
| Grants payable | $0 |
| Deferred revenue | $9,609 |
| 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 | $21,591 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,429,834 |
| Total liabilities | $9,093,122 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,580,165 |
| Paid-in or capital surplus, or land, building, or equipment fund | $754,115 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,267,072 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spectrum High School has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Connexus Energy Foundation Ramsey, MN PURPOSE: HIGH SCHOOL SCHOLARSHIPS | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Wayland Academy Beaver Dam, WI | $38,778,158 | $5,826,900 |
Math And Science Academy Woodbury, MN | $4,903,401 | $5,823,529 |
Transcenter For Youth Inc Milwaukee, WI | $3,574,936 | $5,873,696 |
Highland Community School Inc Milwaukee, WI | $5,222,011 | $5,260,055 |