Minnesota Transitions Chartered School
- Assets
- $80.7m
- Revenue
- $71.8m
- Investments
- $0.0
- Employees
- 392
- Location
- Minneapolis, MN
- Founding
- 12/1996
- Data as of
- 06/2023
- EIN
- 41-1823173
Organization Overview
Minnesota Transitions Chartered School is located in Minneapolis, MN. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Minnesota Transitions Chartered School employed 392 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Transitions Chartered 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, Minnesota Transitions Chartered School generated $71.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $67.4m during the year ending 06/2023. While expenses have increased by 8.8% 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
WE ARE A STUDENT-CENTERED LEARNING COMMUNITY THAT INSPIRES AND SUPPORTS ALL LEARNERS TO ACHIEVE EXCELLENCE THROUGH EQUITABLE, RELEVANT LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS WHO MAY HAVE OTHERWISE FAILED AND/OR NOT BEEN ABLE TO MEET GRADUATION REQUIREMENTS IN TRADITIONAL PUBLIC EDUCATION, ARE ABLE TO PASS AND/OR GRADUATE IN CHARTER PUBLIC EDUCATION DUE TO FLEXIBLE PROGRAMMING OPTIONS AS WELL AS GREATER INDIVIDUALIZED SUPPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Dornfeld Mtse Director | Trustee | 40 | $56,792 |
Sam Trojan Teacher | Trustee | 40 | $68,912 |
Sarah Roberts Teacher | OfficerTrustee | 40 | $53,738 |
Tyler Frankhouse Board Chair, Current Member | Trustee | 0.5 | $0 |
Alinasir Samatar Community Member | Trustee | 0.5 | $0 |
Ismail Adam Community Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connections Education Llc Educational Services | 6/29/23 | $31,800,000 |
Coherent Bus Company Transportation | 6/29/23 | $3,262,120 |
Minnehaha Center Llc Leasing Services | 6/29/23 | $2,507,285 |
1130 Llc Building Rental | 6/29/23 | $1,272,658 |
A Chance To Grow Educational Services | 6/29/23 | $703,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,345,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,348,677 |
| Total Program Service Revenue | $74,673 |
| Investment income | $339,731 |
| 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 | $71,763,081 |
| 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. | $1,519,798 |
| Compensation of current officers, directors, key employees. | $516,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,742,576 |
| Pension plan accruals and contributions | -$1,284,451 |
| Other employee benefits | $2,007,595 |
| Payroll taxes | $879,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,079 |
| Fees for services: Accounting | $395,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,929,108 |
| Advertising and promotion | $66,870 |
| Office expenses | $12,000 |
| Information technology | $825,960 |
| Royalties | $0 |
| Occupancy | $2,467,144 |
| Travel | $3,230,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,387 |
| Interest | $2,302,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,715,101 |
| Insurance | $143,876 |
| All other expenses | -$1,371,708 |
| Total functional expenses | $67,360,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,755,261 |
| Pledges and grants receivable | $2,947,913 |
| Accounts receivable, net | $10,809,979 |
| 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 | $569,550 |
| Net Land, buildings, and equipment | $39,515,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,116,325 |
| Total assets | $80,715,009 |
| Accounts payable and accrued expenses | $21,484,104 |
| 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 | $41,379,351 |
| Other liabilities | $16,047,684 |
| Total liabilities | $78,911,139 |
| 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 | $39,515,981 |
| Retained earnings, endowment, accumulated income, or other funds | -$37,712,111 |
| Total liabilities and net assets/fund balances | $80,715,009 |