Kaleidoscope Charter School
- Assets
- $6.0m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 123
- Location
- Otsego, MN
- Founding
- 02/2005
- Data as of
- 06/2021
- EIN
- 73-1663207
Organization Overview
Kaleidoscope Charter School is located in Otsego, MN. The organization was established in 2005. 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, Kaleidoscope Charter School employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaleidoscope 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 06/2021, Kaleidoscope Charter School generated $8.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $7.8m during the year ending 06/2021. While expenses have increased by 5.2% 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
TO PREPARE STUDENTS FOR TOMORROW BY EMPHASIZING ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT TODAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOL IN MN SERVING GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Okerlund Executive Director | Officer | 40 | $112,110 |
Michelle Swanson Member | Trustee | 40 | $60,625 |
Allison Jepson Member | Trustee | 40 | $52,099 |
Renee Suess Member | Trustee | 40 | $46,971 |
Emma Molden Member | Trustee | 40 | $46,691 |
Matt Roberts Vice Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sora Pediatric Therapy Special Ed Services | 6/29/21 | $142,756 |
Ckc Good Food Food Service | 6/29/21 | $116,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,237,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,263,828 |
| Total Program Service Revenue | $8,323 |
| Investment income | $5,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,455 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,247,593 |
| 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. | $373,575 |
| Compensation of current officers, directors, key employees. | $121,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,426,714 |
| Pension plan accruals and contributions | $322,533 |
| Other employee benefits | $445,959 |
| Payroll taxes | $249,498 |
| Fees for services: Management | $89,200 |
| Fees for services: Legal | $4,360 |
| Fees for services: Accounting | $61,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,417 |
| Advertising and promotion | $14,360 |
| Office expenses | $47,756 |
| Information technology | $199,468 |
| Royalties | $0 |
| Occupancy | $1,354,090 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,919 |
| Insurance | $33,420 |
| All other expenses | $457,171 |
| Total functional expenses | $7,770,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,508,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $896,538 |
| Accounts receivable, net | $69,609 |
| 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 | $20,667 |
| Net Land, buildings, and equipment | $122,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,357,546 |
| Total assets | $5,975,581 |
| Accounts payable and accrued expenses | $644,273 |
| 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 | $7,650,785 |
| Total liabilities | $8,295,058 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,442,321 |
| Paid-in or capital surplus, or land, building, or equipment fund | $122,844 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,975,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kaleidoscope Charter School has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Walter C Rasmussen Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $500 |
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 |