Cotter Schools
- Assets
- $89.3m
- Revenue
- $67.3m
- Investments
- $0.0
- Employees
- 255
- Location
- Winona, MN
- Founding
- 03/1945
- Data as of
- 06/2022
- EIN
- 41-1653997
Organization Overview
Cotter Schools is located in Winona, MN. The organization was established in 1945. 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, Cotter Schools employed 255 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cotter Schools 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, Cotter Schools generated $67.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $11.5m during the year ending 06/2022. While expenses have increased by 8.9% 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
PROVIDE SECONDARY EDUCATION FOR GRADES PREK-12 BY PROMOTING EXCELLENCE THROUGH PRAYER AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COTTER PROVIDES STUDENTS (GRADES PREK-12) WITH MANY UNIQUE OPPORTUNITIES THAT ENHANCE THEIR EDUCATIONAL EXPERIENCE AND PREPARE THEM FOR LIFE. COTTER TEACHES YOUNG ADULTS HOW TO BECOME RESPONSIBLE, SUCCESSFUL, PRAYERFUL, AND WELL-ROUNDED ADULTS THROUGH RIGOROUS ACADEMIC COURSEWORK, SERVICE-LEARNING TRIPS, DAILY INTERACTION WITH STUDENTS FROM VARIOUS COUNTRIES, RELIGIOUS EDUCATION, ADVANCE PLACEMENT COURSES, AS WELL AS NUMEROUS CO-CURRICULAR ACTIVITIES. 1,012 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Eileen Fitch President | Officer | 50 | $111,775 |
Pamela Kimber Director Of Finance And Human Resources | Officer | 40 | $100,108 |
Barry Mcraith Treasurer | OfficerTrustee | 1 | $0 |
Sara Gabrick Chair | OfficerTrustee | 40 | $0 |
Chris Michener Vice Chair | OfficerTrustee | 1 | $0 |
Kurt Knuesel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steak Shop Catering Food Service | 6/29/19 | $228,546 |
Winona Mechanical Inc Tennis Court Rehabilitation | 6/29/19 | $146,814 |
Winona Heat And Vent Maintenance And Repair | 6/29/19 | $109,342 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,915,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,915,224 |
| Total Program Service Revenue | $3,728,408 |
| Investment income | $403,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,241 |
| Net Gain/Loss on Asset Sales | $898,014 |
| Net Income from Fundraising Events | $248,864 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,304,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $357,771 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,996 |
| Compensation of current officers, directors, key employees. | $248,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,927,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,480,194 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,369 |
| Fees for services: Accounting | $47,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $163,367 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,887 |
| Office expenses | $62,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $421,362 |
| Travel | $122,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,041,601 |
| Insurance | $122,524 |
| All other expenses | $47,764 |
| Total functional expenses | $11,545,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,155,978 |
| Savings and temporary cash investments | $722,691 |
| Pledges and grants receivable | $48,000,000 |
| Accounts receivable, net | $1,144,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,573,697 |
| Inventories for sale or use | $42,808 |
| Prepaid expenses and deferred charges | $6,965 |
| Net Land, buildings, and equipment | $16,707,649 |
| Investments—publicly traded securities | $16,603,126 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,951 |
| Total assets | $89,286,042 |
| Accounts payable and accrued expenses | $2,502,212 |
| Grants payable | $0 |
| Deferred revenue | $205,025 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $144,844 |
| 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 | $2,585 |
| Total liabilities | $2,854,666 |
| Net assets without donor restrictions | $63,298,510 |
| Net assets with donor restrictions | $23,132,866 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $89,286,042 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cotter Schools has recieved totaling $1,250,000.
| Awarding Organization | Amount |
|---|---|
Hiawatha Education Foundation Austin, TX PURPOSE: EDUCATIONAL PROGRAMS | $1,250,000 |
Endowment Analysis
| Beg. Balance | $20,766,468 |
| Earnings | -$2,653,187 |
| Net Contributions | $45,000,000 |
| Other Expense | $500,000 |
| Ending Balance | $62,613,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Christian Schools Inc Waukesha, WI | $8,169,327 | $30,403,375 |
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Wayland Academy Beaver Dam, WI | $38,778,158 | $5,826,900 |
Math And Science Academy Woodbury, MN | $4,903,401 | $5,823,529 |
Transcenter For Youth Inc Milwaukee, WI | $3,574,936 | $5,873,696 |