Pact Charter School
- Assets
- $5.8m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 143
- Location
- Ramsey, MN
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 41-1775865
Organization Overview
Pact Charter School is located in Ramsey, MN. The organization was established in 1994. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Pact Charter School employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pact 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, Pact Charter School generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 1.6% 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
PARTNERING AS PARENTS, STUDENTS, AND STAFF TO DEVELOP STUDENTS OF CHARACTER AND ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACT PROVIDES A COMPREHENSIVE EDUCATIONAL PROGRAM FOR APPROXIMATELY 670 STUDENTS, GRADES K-12. REGULAR SCHOOL YEAR WAS FROM AUGUST 29, 2021 - MAY 25, 2022; EXTENDED YEAR SUMMER SCHOOL IS AVAILABLE FOR QUALIFYING SPECIAL EDUCATION STUDENTS. PARENTS AND STUDENTS ARE LOOKING FOR CHOICES IN EDUCATION AND LIKE THE ARRAY OF PROGRAMS, THE SMALL SCHOOL ATMOSPHERE, THE STUDENT ACHIEVEMENT AND PARENT INVOLVEMENT PROVIDED BY PACT CHARTER SCHOOL. THERE WERE APPROXIMATELY 850 STUDENTS WHO APPLIED FOR NEW ENROLLMENT FOR THE 2021-2022 SCHOOL YEAR.THE COMPOSITION OF THE 2021-2022 STUDENT POPULATION IS 84.4% WHITE, 6.9% BLACK, 4.3% HISPANIC, 0.3% ASIAN, 0.6% HAWAIIAN/PACIFIC ISLANDER, 0% AMERICAN INDIAN AND 3.6% TWO OR MORE RACES; 50.6% ARE MALE AND 49.4% ARE FEMALE. OF OUR STUDENTS, 12.8% ARE ELIGIBLE FOR FREE OR REDUCED-PRICE MEALS AND 20.0% RECEIVED SPECIAL EDUCATION SERVICES.MINNESOTA COMPREHENSIVE ASSESSMENT 2022 SCORES:2022 MCA-III READING RESULTS:GRADE 3 = 60%; GRADE 4 = 54%; GRADE 5 = 73.4%; GRADE 6 = 66.7%; GRADE 7 = 57.7%; GRADE 8 = 56.6%; GRADE 10 = 53.7%.2022 MCA-III MATH RESULTS:GRADE 3 = 74%; GRADE 4 = 62%; GRADE 5 = 49%; GRADE 6 = 56.3%; GRADE 7 = 44.2%; GRADE 8 = 63.5%; GRADE 11 = 38.9%.2022 MCA-III SCIENCE RESULTS:GRADE 5 = 50%; GRADE 8 = 22.7%; HIGH SCHOOL = 42.3%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Peltier Secretary/ Teacher | OfficerTrustee | 40 | $46,441 |
Emily Nelson Vice Chair/ Teacher | OfficerTrustee | 40 | $44,787 |
Lindsey Ellison Director Partial Year/ Teacher | Trustee | 40 | $41,986 |
Jason Tossey Director/ Teacher | Trustee | 40 | $42,670 |
Jennifer Mcdevitt Director Partial Year/ Teacher | Trustee | 40 | $54,981 |
Ann Ostendorf Director Partial Year/ Teacher | Trustee | 40 | $42,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,296,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,314,716 |
| Total Program Service Revenue | $119,753 |
| Investment income | $4,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,450,836 |
| 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. | $463,757 |
| Compensation of current officers, directors, key employees. | $62,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,512,145 |
| Pension plan accruals and contributions | $52,326 |
| Other employee benefits | $577,666 |
| Payroll taxes | $289,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,767 |
| Fees for services: Accounting | $10,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,057,162 |
| Advertising and promotion | $0 |
| Office expenses | $347,947 |
| Information technology | $77,960 |
| Royalties | $0 |
| Occupancy | $1,195,255 |
| Travel | $32,561 |
| 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 | $107,755 |
| Insurance | $43,741 |
| All other expenses | $0 |
| Total functional expenses | $8,009,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,845,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $905,076 |
| Accounts receivable, net | $3,477 |
| 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 | $77,194 |
| Net Land, buildings, and equipment | $469,184 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,512,003 |
| Total assets | $5,812,709 |
| Accounts payable and accrued expenses | $598,856 |
| Grants payable | $0 |
| Deferred revenue | $12,724 |
| 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 | $6,310,445 |
| Total liabilities | $6,922,025 |
| Net assets without donor restrictions | -$1,172,251 |
| Net assets with donor restrictions | $62,935 |
| 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 | $5,812,709 |