Cannon River Stem School
- Assets
- $3.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 54
- Location
- Faribault, MN
- Founding
- 07/2009
- Data as of
- 06/2023
- EIN
- 90-0411789
Organization Overview
Cannon River Stem School is located in Faribault, MN. The organization was established in 2009. 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 06/2023, Cannon River Stem School employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cannon River Stem 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 06/2023, Cannon River Stem School generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.5m during the year ending 06/2023. While expenses have increased by 4.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A K-8 PUBLIC CHARTER SCHOOL WITH AN EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: TO PROVIDE AN EDUCATION TO STUDENTS IN GRADES K-8. DURING THE PAST FISCAL YEAR THE SCHOOL HAS ORGANIZED A QUALITY PROGRAM THAT SUPPORTED 270 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Sandler Vice-Chair/teacher | OfficerTrustee | 45 | $57,090 |
Mike Cross Board Chair | OfficerTrustee | 5 | $0 |
Taylor Casanova Director | Trustee | 5 | $0 |
Diane Larson Treasurer | OfficerTrustee | 5 | $0 |
Sarah Busch Director/teacher | Trustee | 45 | $47,521 |
Casandra Neymeyer Director/teacher | Trustee | 45 | $43,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,439,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,496,150 |
| Total Program Service Revenue | $38,700 |
| Investment income | $0 |
| 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 | $3,292 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,538,142 |
| 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. | $301,634 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,127,284 |
| Pension plan accruals and contributions | $182,870 |
| Other employee benefits | $154,362 |
| Payroll taxes | $193,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,946 |
| Fees for services: Accounting | $11,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $519,078 |
| Advertising and promotion | $0 |
| Office expenses | $268,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $405,063 |
| Travel | $42,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,589 |
| Interest | $36,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,564 |
| Insurance | $14,049 |
| All other expenses | $33,856 |
| Total functional expenses | $4,537,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $718,631 |
| 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 | $2,650 |
| Net Land, buildings, and equipment | $159,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,802,766 |
| Total assets | $3,869,885 |
| Accounts payable and accrued expenses | $1,091,499 |
| 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 | $4,781,758 |
| Total liabilities | $5,873,257 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,156,810 |
| Paid-in or capital surplus, or land, building, or equipment fund | $153,438 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,869,885 |