Minnesota Transitions Chartered School
- Assets
- $28.2m
- Revenue
- $63.9m
- Investments
- $0.0
- Employees
- 393
- Location
- Minneapolis, MN
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 41-1823173
Organization Overview
Minnesota Transitions Chartered School is located in Minneapolis, MN. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Minnesota Transitions Chartered School employed 393 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Transitions Chartered 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, Minnesota Transitions Chartered School generated $63.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $63.6m during the year ending 06/2021. While expenses have increased by 10.8% 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
WE ARE A STUDENT-CENTERED LEARNING COMMUNITY THAT INSPIRES AND SUPPORTS ALL LEARNERS TO ACHIEVE EXCELLENCE THROUGH EQUITABLE, RELEVANT LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS WHO MAY HAVE OTHERWISE FAILED AND/OR NOT BEEN ABLE TO MEET GRADUATION REQUIREMENTS IN TRADITIONAL PUBLIC EDUCATION, ARE ABLE TO PASS AND/OR GRADUATE IN CHARTER PUBLIC EDUCATION DUE TO FLEXIBLE PROGRAMMING OPTIONS AS WELL AS GREATER INDIVIDUALIZED SUPPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Fondow Interim Executive Director | Officer | 40 | $140,344 |
Erin Copeland Sped Director | 40 | $118,369 | |
Sue Dornfeld Mtse Director | 40 | $107,881 | |
Wendy Lorenz-Walraven Board Member | Trustee | 40 | $106,462 |
Bill Glenz Virtual Director | 40 | $103,781 | |
Khaleef Warsame Former Board Member | 40 | $94,310 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connections Education Llc Educational Services | 6/29/21 | $29,326,185 |
The Bainey Group Inc Construction Services | 6/29/21 | $2,457,952 |
1130 Llc Building Rental | 6/29/21 | $1,228,010 |
Minnehaha Center Llc Transportation Services | 6/29/21 | $1,207,027 |
Coherent Bus Company Transportation Services | 6/29/21 | $1,170,236 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,029,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,154,850 |
| Total Program Service Revenue | $152,709 |
| Investment income | $11,768 |
| 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 | $63,864,968 |
| 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. | $1,151,909 |
| Compensation of current officers, directors, key employees. | $291,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,774,942 |
| Pension plan accruals and contributions | $1,556,032 |
| Other employee benefits | $1,842,884 |
| Payroll taxes | $789,566 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,980 |
| Fees for services: Accounting | $369,171 |
| Fees for services: Lobbying | $6,375 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,401,035 |
| Advertising and promotion | $77,611 |
| Office expenses | $10,724 |
| Information technology | $941,444 |
| Royalties | $0 |
| Occupancy | $4,217,372 |
| Travel | $1,443,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,415 |
| Interest | $8,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,364 |
| Insurance | $99,029 |
| All other expenses | $201,663 |
| Total functional expenses | $63,572,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,878,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,504,987 |
| 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 | $1,091,343 |
| Net Land, buildings, and equipment | $175,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,585,131 |
| Total assets | $28,235,035 |
| Accounts payable and accrued expenses | $16,533,527 |
| 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 | $26,436 |
| Unsecured mortgages and notes payable | $2,557,100 |
| Other liabilities | $20,314,190 |
| Total liabilities | $39,431,253 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $175,091 |
| Retained earnings, endowment, accumulated income, or other funds | -$11,371,309 |
| Total liabilities and net assets/fund balances | $28,235,035 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Transitions Chartered School has recieved totaling $25,072.
| Awarding Organization | Amount |
|---|---|
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: EDUCATION | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |