Minnesota New Country School
- Assets
- $888.5k
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, MN
- Founding
- 05/1995
- Data as of
- 06/2024
- EIN
- 41-1782696
Organization Overview
Minnesota New Country School is located in Henderson, MN. The organization was established in 1995. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota New Country 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 New Country School generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $4.1m during the year ending 06/2024. While expenses have increased by 6.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EDUCATIONAL PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA NEW COUNTRY SCHOOL PROVIDES AN EDUCATIONAL PROGRAM TO APPROXIMATELY 223 STUDENTS IN GRADES K THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Pfarr Business Manager | Officer | 40 | $68,533 |
Nichole Kotasek Clerk | Officer | 0.5 | $0 |
Dee Thomas Chair | OfficerTrustee | 0.5 | $0 |
Adam Specht Vice Chair | OfficerTrustee | 0.5 | $0 |
Jim Wartman Treasurer | OfficerTrustee | 0.5 | $0 |
Jane Hibscher Director/hro | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edvisions Cooperative Administrative And Teaching Staff | 6/29/24 | $2,666,969 |
Americare Mobility Van Special Education Transportation | 6/29/24 | $165,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,949,881 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,970,834 |
| Total Program Service Revenue | $85,222 |
| Investment income | $287 |
| 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 | $4,056,343 |
| 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. | $68,533 |
| Compensation of current officers, directors, key employees. | $68,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $96,247 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,056,602 |
| Advertising and promotion | $474 |
| Office expenses | $52,882 |
| Information technology | $44,293 |
| Royalties | $0 |
| Occupancy | $406,146 |
| Travel | $30,593 |
| 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 | $17,196 |
| Insurance | $24,758 |
| All other expenses | $21,191 |
| Total functional expenses | $4,113,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,106 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $490,856 |
| 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 | $10,673 |
| Net Land, buildings, and equipment | $64,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $888,484 |
| Accounts payable and accrued expenses | $19,119 |
| 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 | $0 |
| Total liabilities | $19,119 |
| Net assets without donor restrictions | $750,733 |
| Net assets with donor restrictions | $118,632 |
| 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 | $888,484 |