Mastery School Inc
- Assets
- $0.0
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Minneapolis, MN
- Founding
- 04/2013
- Data as of
- 06/2021
- EIN
- 45-4882206
Organization Overview
Mastery School Inc is located in Minneapolis, MN. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mastery School Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastery School Inc 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 06/2021, Mastery School Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE STUDENTS ON THE PATH THROUGH COLLEGE AND CAREER SUCCESS IN DUAL SINGLE-GENDER AND MIXED-GENDER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASTERY SCHOOL PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 200 STUDENTS IN GRADES KINDERGARTEN THROUGH SEVENTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence Price Interim Board Chair, Teach | OfficerTrustee | 2 | $0 |
Dr Karen Ruth-Jarmon Vice Board Chair, Teacher | OfficerTrustee | 2 | $0 |
Tyrone Terrill Treasurer | OfficerTrustee | 2 | $0 |
Melissa Noyes Board Secretary, Teacher | OfficerTrustee | 42 | $69,932 |
Ken Rance Board Member | Trustee | 2 | $0 |
Dr Lesa Clarkson Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Minnehaha Transportation Student Transportation | 6/29/19 | $188,415 |
Formative Technologies Llc Student Transportation | 6/29/19 | $150,391 |
Blue Bell Enterprises Student Meals | 6/29/19 | $121,929 |
Harvest Network Of Schools Charter Management | 6/29/19 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,982,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,012,315 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,027,342 |
| 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. | $108,694 |
| Compensation of current officers, directors, key employees. | $14,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,010,401 |
| Pension plan accruals and contributions | $89,030 |
| Other employee benefits | $106,993 |
| Payroll taxes | $83,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,561 |
| 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 | $283,021 |
| Advertising and promotion | $0 |
| Office expenses | $17,940 |
| Information technology | $101,672 |
| Royalties | $0 |
| Occupancy | $182,740 |
| Travel | $960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,896 |
| Insurance | $20,801 |
| All other expenses | $4,776 |
| Total functional expenses | $2,266,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |