Crosslake Community School Inc
- Assets
- $3.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 92
- Location
- Crosslake, MN
- Founding
- 08/2002
- Data as of
- 06/2021
- EIN
- 41-1961541
Organization Overview
Crosslake Community School Inc is located in Crosslake, MN. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Crosslake Community School Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosslake Community School Inc 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, Crosslake Community School Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $4.9m during the year ending 06/2021. While expenses have increased by 15.5% 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
TAKING ON STUDENTS FROM PRESCHOOL THROUGH 12TH GRADE TO GROW ENVIRONMENTALLY LITERATE, COMMUNITY IMPACTING LEARNERS OF EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN EDUCATIONAL PROGRAM AND OTHER EDUCATIONAL SERVICES TO ITS STUDENTS IN GRADES K THROUGH 12. DURING THE FISCAL YEAR ENDED JUNE 30, 2021 CROSSLAKE COMMUNITY SCHOOL SERVED AN ESTIMATED 410 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Swanson Vice Chair | OfficerTrustee | 40 | $56,349 |
Beverly Loeffler Treasurer | OfficerTrustee | 40 | $48,684 |
Ronda Veit Member | Trustee | 40 | $44,083 |
Annette Klang Interim Executive Director | Officer | 40 | $42,856 |
Heidi O'brien Secretary | OfficerTrustee | 40 | $39,966 |
Cinda Jensen Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crosby-ironton Transportation Transportation | 6/29/20 | $680,631 |
Crosby-ironton Transportation Transportation | 6/29/20 | $680,631 |
Lakes Area Enrichment Foundation Building Lease | 6/29/20 | $422,262 |
Lakes Area Enrichment Foundation Building Lease | 6/29/20 | $422,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,054,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,429 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,082,803 |
| Total Program Service Revenue | $47,294 |
| Investment income | $522 |
| 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 | $5,130,619 |
| 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. | $329,493 |
| Compensation of current officers, directors, key employees. | $116,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,221,452 |
| Pension plan accruals and contributions | $202,137 |
| Other employee benefits | $190,167 |
| Payroll taxes | $183,778 |
| Fees for services: Management | $156,194 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,366 |
| Advertising and promotion | $0 |
| Office expenses | $153 |
| Information technology | $145,034 |
| Royalties | $0 |
| Occupancy | $567,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,154 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,556 |
| Insurance | $13,154 |
| All other expenses | $305,808 |
| Total functional expenses | $4,902,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,185,372 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $503,315 |
| 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 | $4,436 |
| Net Land, buildings, and equipment | $146,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,843,317 |
| Total assets | $3,683,171 |
| Accounts payable and accrued expenses | $461,260 |
| Grants payable | $0 |
| Deferred revenue | $2,160 |
| 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 | $3,739,597 |
| Total liabilities | $4,203,017 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$666,577 |
| Paid-in or capital surplus, or land, building, or equipment fund | $146,731 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,683,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crosslake Community School Inc has recieved totaling $164.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |
Prodeo Academy Columbia Heights, MN | $7,923,634 | $13,232,357 |