Rochester Math & Science Academy
- Assets
- $6.5m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 110
- Location
- Rochester, MN
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 87-0732808
Organization Overview
Rochester Math & Science Academy is located in Rochester, MN. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Rochester Math & Science Academy employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Math & Science Academy 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 06/2022, Rochester Math & Science Academy generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL CREATES A SUPPORTIVE FAMILY TEACHING COMMUNITY THAT UTILIZES SHARED IDEALS, GOALS AND EXPERIENCES AS A MAJOR TOOL FOR FOSTERING A COMPREHENSIVE AND CHALLENGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCHESTER MATH & SCIENCE ACADEMY IS A RESULTS-ORIENTED CHARTER SCHOOL. THE SCHOOL'S VISION IS TO MEET THE DISTINCT NEEDS OF OUR NEWLY ARRIVED STUDENT POPULATION. THE SCHOOL WILL CREATE A SUPPORTIVE FAMILY TEACHING COMMUNITY THAT UTILIZES SHARED IDEAS, GOALS, AND EXPERIENCES AS A MAJOR TOOL FOR FOSTERING A COMPREHENSIVE AND CHALLENGING EDUCATION. THE VISION IS TO MEET THE DISTINCT NEEDS OF ROCHESTER'S DIVERSE STUDENT POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdulkadir Abdalla Director | Officer | 40 | $114,385 |
Ali Jaras Board Chair | OfficerTrustee | 40 | $51,911 |
Sulaf Alsaify Secretary | OfficerTrustee | 40 | $50,599 |
Bazi Bin-Sheikh Member | Trustee | 40 | $40,651 |
Ahmed Elmi Member | Trustee | 1 | $0 |
Mohamed Warsame Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Muna Halal Food Service | 6/29/18 | $372,576 |
Techjama Inc Technology | 6/29/18 | $137,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,773,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,870,658 |
| Total Program Service Revenue | $50,000 |
| Investment income | $1,367 |
| 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 | $8,922,025 |
| 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. | $339,364 |
| Compensation of current officers, directors, key employees. | $190,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,462,767 |
| Pension plan accruals and contributions | $226,941 |
| Other employee benefits | $433,114 |
| Payroll taxes | $290,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $452,504 |
| Fees for services: Accounting | $81,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $223,366 |
| Advertising and promotion | $0 |
| Office expenses | $27,993 |
| Information technology | $154,278 |
| Royalties | $0 |
| Occupancy | $960,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,275 |
| Insurance | $44,147 |
| All other expenses | $0 |
| Total functional expenses | $7,831,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,841 |
| Savings and temporary cash investments | $2,869,685 |
| Pledges and grants receivable | $1,205,821 |
| 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 | $42,865 |
| Net Land, buildings, and equipment | $463,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,714,946 |
| Total assets | $6,494,562 |
| Accounts payable and accrued expenses | $673,377 |
| 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 | $77,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,313,499 |
| Total liabilities | $6,064,818 |
| 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 | $78,992 |
| Retained earnings, endowment, accumulated income, or other funds | $350,752 |
| Total liabilities and net assets/fund balances | $6,494,562 |