Harbor City International Charter School
- Assets
- $3.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 46
- Location
- Duluth, MN
- Founding
- 11/2001
- Data as of
- 06/2022
- EIN
- 41-1998054
Organization Overview
Harbor City International Charter School is located in Duluth, MN. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Harbor City International Charter School employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor City International 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, Harbor City International Charter School generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 1.4% 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
HARBOR CITY INTERNATIONAL SCHOOL IS A COLLEGE PREPARATORY, PUBLIC HIGH SCHOOL. WE ARE A SMALL COMMUNITY WHOSE MISSION IS TO NURTURE A SENSE OF BELONGING, INSIST UPON ACADEMIC EXCELLENCE, AND GRADUATE GLOBAL CITIZENS WHO EAGERLY PURSUE KNOWLEDGE AND ENRICH THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATION TO APPROXIMATELY 220 STUDENTS IN GRADES 9-12
11,231 LUNCHES AND 3,131 BREAKFASTS WERE SERVED BY THE SCHOOL'S FOOD SERVICE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Lindahl President | OfficerTrustee | 40 | $48,412 |
Aryn Bergsven Secretary | OfficerTrustee | 40 | $55,896 |
Bethany Carroll Treasurer | OfficerTrustee | 40 | $43,085 |
Patrick Schmalz Treasurer (thru 4/22) | OfficerTrustee | 1 | $0 |
Pam Gipe Vice Chair | OfficerTrustee | 1 | $0 |
Krissa Boman Board Member (thru 5/22) | Trustee | 40 | $7,169 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,785,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,800,621 |
| Total Program Service Revenue | $5,990 |
| Investment income | $23 |
| 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 | $2,909,422 |
| 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. | $417,526 |
| Compensation of current officers, directors, key employees. | $59,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,319,511 |
| Pension plan accruals and contributions | $99,262 |
| Other employee benefits | $185,594 |
| Payroll taxes | $127,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,867 |
| Advertising and promotion | $0 |
| Office expenses | $18,208 |
| Information technology | $36,439 |
| Royalties | $0 |
| Occupancy | $295,549 |
| Travel | $14,728 |
| 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 | $112,043 |
| Insurance | $40,261 |
| All other expenses | $2,477 |
| Total functional expenses | $3,114,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840,945 |
| Savings and temporary cash investments | $100,018 |
| Pledges and grants receivable | $0 |
| 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 | $26,278 |
| Net Land, buildings, and equipment | $460,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,018,747 |
| Total assets | $3,446,612 |
| Accounts payable and accrued expenses | $222,397 |
| Grants payable | $0 |
| Deferred revenue | $88,833 |
| 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 | $4,248,121 |
| Total liabilities | $4,559,351 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,112,739 |
| Total liabilities and net assets/fund balances | $3,446,612 |