Cannon River Stem School
- Assets
- $3.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 66
- Location
- Faribault, MN
- Founding
- 07/2009
- Data as of
- 06/2021
- 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 06/2021, Cannon River Stem School employed 66 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 06/2021, Cannon River Stem School generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 5.9% 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
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 346 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Sandler Vice-Chair / Teacher | OfficerTrustee | 45 | $42,287 |
Danielle Koch Director | Trustee | 5 | $14,183 |
Deni Buendort Secretary | OfficerTrustee | 5 | $0 |
Robin Finke Board Chair | OfficerTrustee | 5 | $0 |
Lindsey Nusbaum Treasurer | OfficerTrustee | 5 | $0 |
Mike Cross Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,893,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,902,353 |
| Total Program Service Revenue | $1,014 |
| 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 | $190 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,904,651 |
| 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. | $62,910 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,870,993 |
| Pension plan accruals and contributions | $204,195 |
| Other employee benefits | $202,593 |
| Payroll taxes | $187,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,000 |
| Fees for services: Accounting | $10,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,387 |
| Advertising and promotion | $0 |
| Office expenses | $129,542 |
| Information technology | $630 |
| Royalties | $0 |
| Occupancy | $1,319,442 |
| Travel | $11,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,476 |
| Insurance | $16,968 |
| All other expenses | $31,782 |
| Total functional expenses | $4,377,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,483 |
| 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 | $54,878 |
| Net Land, buildings, and equipment | $181,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,452,194 |
| Total assets | $3,617,136 |
| Accounts payable and accrued expenses | $424,332 |
| 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 | $4,822,051 |
| Total liabilities | $5,246,383 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,810,678 |
| Paid-in or capital surplus, or land, building, or equipment fund | $181,431 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,617,136 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cannon River Stem School has recieved totaling $72.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |
Achieve Language Academy St Paul, MN | $7,414,026 | $6,915,145 |
Urban Academy St Paul, MN | $16,445,099 | $8,414,369 |