Minnesota Internship Center Charter School
- Assets
- $4.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 76
- Location
- Minneapolis, MN
- Founding
- 01/2004
- Data as of
- 06/2024
- EIN
- 38-3673618
Organization Overview
Minnesota Internship Center Charter School is located in Minneapolis, MN. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Minnesota Internship Center Charter School employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Internship Center 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 06/2024, Minnesota Internship Center Charter School generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH COMMUNITIES AND LEARNERS TO ACHIEVE ACADEMIC, CAREER, AND LIFE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA INTERNSHIP CENTER IS A NEW TYPE OF SCHOOL WITH UNIQUE COMMUNITY AND BUSINESS ROOTS - ONE THAT OFFERS EXCITING LEARNING THROUGH THE INTERNSHIP PROCESS. WE ARE A SCHOOL WHICH HELPS OLDER TEENS WITH MULTIPLE CHALLENGES INCLUDING HOMELESS, DISABLED, AND STUDENTS REQUIRING SPECIAL ACCOMMODATIONS AT LEARNING AND IN THEIR CAREERS. THE SCHOOL COMBINES EXCELLENT CLASSROOM-BASED INSTRUCTION WITH INTERNSHIPS THAT HELP MEET SOME OF THE NEW MINNESOTA ACADEMIC STANDARDS. WHILE INTERNSHIPS ARE NOT REQUIRED (MANY STUDENTS PREFER FULL DAYS IN THE CLASSROOM, OR PAID EMPLOYMENT RATHER THAN AN INTERNSHIP), THEY DO OFFER POTENTIAL IN CAREER AND ACADEMIC GROWTH. SPECIAL EDUCATION SERVICES ARE PROVIDED WHEREVER NEEDED, IN ALL OUR PROGRAMS. THE SCHOOL IS AN APPROVED WORK EXPERIENCE SCHOOL BY THE MINNESOTA DEPARTMENT OF EDUCATION AND SOME STUDENTS COMBINE WORK WITH CLASSROOM ACTIVITY FOR SOME CREDIT. ACADEMIC COURSES IN MNIC MEET STATE APPROVED GRADUATION STANDARDS. SINCE MINNESOTA INTERNSHIP CENTER IS A SECONDARY PROGRAM, STUDENT GRADUATION NUMBERS HAVE AN EFFECT ON ENROLLMENT NUMBERS EACH YEAR. DURING THE YEAR ENDED JUNE 30, 2024 THE SCHOOL HAD AVERAGE DAILY MEMBERSHIP OF APPROXIMATELY 253 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Eberlein Board Chair/teacher | OfficerTrustee | 40 | $101,099 |
Aaron Stinar Vice-Chair/teacher | OfficerTrustee | 40 | $65,732 |
Paul Eaton Treasurer/teacher | OfficerTrustee | 40 | $69,860 |
Jodi Grisdale Secretary/teacher | OfficerTrustee | 40 | $61,322 |
Maya Harris Board Member | Trustee | 1 | $1,400 |
Michael Peterson Board Member | Trustee | 1 | $1,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Designs For Learning Inc Accounting/tech | 6/29/21 | $191,306 |
Ckc Good Food Food Service Provider | 6/29/21 | $141,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,282,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,331,380 |
| Total Program Service Revenue | $0 |
| Investment income | $10,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,863,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,965 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,849 |
| Compensation of current officers, directors, key employees. | $87,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,204,109 |
| Pension plan accruals and contributions | $222,995 |
| Other employee benefits | $433,720 |
| Payroll taxes | $202,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,695 |
| Fees for services: Accounting | $163,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $478,144 |
| Advertising and promotion | $0 |
| Office expenses | $8,346 |
| Information technology | $134,912 |
| Royalties | $0 |
| Occupancy | $245,728 |
| Travel | $3,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,647 |
| Interest | $28,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $579,322 |
| Insurance | $34,820 |
| All other expenses | $31,043 |
| Total functional expenses | $5,608,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,207,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $413,262 |
| 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 | $145,622 |
| Net Land, buildings, and equipment | $63,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,256,247 |
| Total assets | $4,086,736 |
| Accounts payable and accrued expenses | $779,125 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,429,188 |
| Total liabilities | $6,208,313 |
| Net assets without donor restrictions | -$2,175,556 |
| Net assets with donor restrictions | $53,979 |
| 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 | $4,086,736 |