Kato Public Charter School
- Assets
- $284.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 07/2000
- Data as of
- 06/2022
- EIN
- 41-1969573
Organization Overview
Kato Public Charter School is located in Mankato, MN. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kato Public Charter 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, Kato Public Charter School generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.5% 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
TO PROVIDE UNIQUE EDUCATIONAL EXPERIENCES THAT INTRODUCE STUDENTS TO REAL-WORLD SITUATIONS THROUGH EXPERIENTIAL LEARNING, COMMUNITY ENGAGEMENT, POST-SECONDARY EDUCATIONAL OPPORTUNITIES, AND LEARNING AGREEMENTS TAILORED TO THE INDIVIDUAL NEEDS OF OUR STUDENTS BASED ON MINNESOTA GRADUATION REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUTORING DURING THE SCHOOL YEAR INCREASED ACADEMIC SUCCESS ACCORDING TO STUDENT SURVEYS. TUTORING DURING SUMMER SCHOOL HELPED SEVERAL STUDENTS COMPLETE THE REQUIREMENTS FOR GRADUATION. SUMMER ENRICHMENT AND 4-H PROGRAMMING HAD AN INCREASE IN PARTICIPATION AND EXPERIENTIAL LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Destiny Owens Board Chair | OfficerTrustee | 4 | $0 |
Beki Elledge Parent Member | OfficerTrustee | 4 | $0 |
Mymique Baxter Principal | Officer | 40 | $0 |
Melodie Charlton Parent Member | Trustee | 4 | $0 |
Tammy Burman Community Member | Trustee | 40 | $0 |
Matthew Durose Community Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,257,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257,379 |
| Total Program Service Revenue | $2,475 |
| Investment income | $15 |
| 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 | $1,259,869 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $945,079 |
| Advertising and promotion | $2,184 |
| Office expenses | $5,507 |
| Information technology | $64,220 |
| Royalties | $0 |
| Occupancy | $151,903 |
| Travel | $13,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,579 |
| Insurance | $10,624 |
| All other expenses | $60 |
| Total functional expenses | $1,296,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $176,604 |
| Accounts receivable, net | $0 |
| 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 | $7,090 |
| Net Land, buildings, and equipment | $27,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,854 |
| Accounts payable and accrued expenses | $33,856 |
| Grants payable | $0 |
| Deferred revenue | $14,571 |
| 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 | $95,000 |
| Other liabilities | $0 |
| Total liabilities | $143,427 |
| Net assets without donor restrictions | $137,255 |
| Net assets with donor restrictions | $4,172 |
| 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 | $284,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kato Public Charter School has recieved totaling $8,988.
| Awarding Organization | Amount |
|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $8,988 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Highland Community School Inc Milwaukee, WI | $5,222,011 | $5,260,055 |