Spectrum High School
- Assets
- $6.6m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 183
- Location
- Elk River, MN
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 37-1518372
Organization Overview
Spectrum High School is located in Elk River, MN. The organization was established in 2007. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Spectrum High School employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum High 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 06/2022, Spectrum High School generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. While expenses have increased by 4.3% 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
PUBLIC CHARTER SCHOOL GRADES 6-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECTRUM IS A LEADING COLLEGE PREPARATORY SCHOOL OF CHOICE COMMITTED TO HIGH STANDARDS AND EXCEPTIONAL PROGRAMMING. SPECTRUM'S COLLEGE @ SPECTRUM HIGH (C@SH) PROGRAM OFFERS STUDENTS THE OPPORTUNITY TO EARN OVER 60 COLLEGE CREDITS, TAUGHT BY SPECTRUM CERTIFIED FACULTY, IN PARTNERSHIP WITH 4 DIFFERENT COLLEGES. SPECTRUM STUDENTS ARE ABLE TO EARN AN AA DEGREE IN HIGH SCHOOL WHILE REMAINING ENTIRELY ON THE HIGH SCHOOL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Debruyn Executive Director | Officer | 40 | $137,740 |
Mark Leland High School Principal | 40 | $104,703 | |
Greg Heinecke Middle School Principle | 40 | $112,782 | |
Jessica Favre Kemnitz Former Board Member/teache | 40 | $61,598 | |
Tony Brunt Secretary/teacher | OfficerTrustee | 45 | $59,893 |
Nancy Moe Board Member/teacher | Trustee | 45 | $53,073 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bergankdv Outsourced Services Accounting Services | 6/29/22 | $113,310 |
Northstar Bus Lines Llc Transportation | 6/29/22 | $340,836 |
Heritage Construction Services Construction | 6/29/22 | $101,290 |
Anoka-ramsey Community College Education | 6/29/22 | $100,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,634,823 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,654,674 |
| Total Program Service Revenue | $423,508 |
| Investment income | -$4,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,867 |
| 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 | $13,759 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,155,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,647 |
| Compensation of current officers, directors, key employees. | $160,756 |
| Compensation to disqualified persons | $114,494 |
| Other salaries and wages | $4,522,444 |
| Pension plan accruals and contributions | $356,895 |
| Other employee benefits | $525,655 |
| Payroll taxes | $354,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,758 |
| Fees for services: Accounting | $128,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $436,121 |
| Advertising and promotion | $0 |
| Office expenses | $271,339 |
| Information technology | $287,089 |
| Royalties | $0 |
| Occupancy | $201,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,234 |
| Insurance | $77,864 |
| All other expenses | $126,830 |
| Total functional expenses | $9,705,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,416,245 |
| Savings and temporary cash investments | $757,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $911,929 |
| 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 | $106,946 |
| Net Land, buildings, and equipment | $846,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,562,958 |
| Total assets | $6,601,700 |
| Accounts payable and accrued expenses | $754,457 |
| Grants payable | $0 |
| Deferred revenue | $8,590 |
| 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 | $8,070,767 |
| Total liabilities | $8,833,814 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,078,118 |
| Paid-in or capital surplus, or land, building, or equipment fund | $846,004 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,601,700 |