Nerstrand Elementary School
- Assets
- $910.6k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Nerstrand, MN
- Founding
- 04/2001
- Data as of
- 06/2024
- EIN
- 41-1946091
Organization Overview
Nerstrand Elementary School is located in Nerstrand, MN. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter 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. Nerstrand Elementary 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, Nerstrand Elementary School generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.5m during the year ending 06/2024. While expenses have increased by 0.6% 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
PUBLIC SCHOOL SERVING STUDENTS IN GRADES K-5.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED K-5 STUDENTS BY PROVIDING AN OUTSTANDING EDUCATION INCLUDING SOME ENVIRONMENTAL LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Laferriere Business Manager | Officer | 1 | $53,036 |
Nicole Musolf Executive Director | Officer | 1 | $0 |
Carissa Erickson Parent Rep/chair | OfficerTrustee | 1 | $0 |
Tara Vondrasek Teacher Rep / Clerk | OfficerTrustee | 1 | $0 |
Phil Mcbride Teacher Rep/ Treasurer | OfficerTrustee | 1 | $0 |
Carmen Bonde Teacher Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,701 |
| Related organizations | $0 |
| Government grants | $1,413,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,475,394 |
| Total Program Service Revenue | $18,689 |
| Investment income | $29,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,155 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,832,171 |
| 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. | $51,000 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $1,912 |
| Fees for services: Accounting | $69,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,108,203 |
| Advertising and promotion | $2,121 |
| Office expenses | $3,774 |
| Information technology | $14,176 |
| Royalties | $0 |
| Occupancy | $45,896 |
| Travel | $5,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58 |
| Insurance | $11,430 |
| All other expenses | $5,399 |
| Total functional expenses | $1,540,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $619,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,019 |
| 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 | $10,033 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,146 |
| Total assets | $910,642 |
| Accounts payable and accrued expenses | $189,789 |
| Grants payable | $0 |
| Deferred revenue | $2 |
| 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 | $612,648 |
| Total liabilities | $802,439 |
| Net assets without donor restrictions | $74,778 |
| Net assets with donor restrictions | $33,425 |
| 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 | $910,642 |