Harvest Network Of Schools Inc
- Assets
- $881.2k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Minneapolis, MN
- Founding
- Data as of
- 06/2017
- EIN
- 47-1333252
Organization Overview
Harvest Network Of Schools Inc is located in Minneapolis, MN. As of 06/2017, Harvest Network Of Schools Inc employed 23 individuals. Harvest Network Of Schools 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 06/2017, Harvest Network Of Schools Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.3m during the year ending 06/2017. While expenses have increased by 2.9% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT AND SUPPORT OF BEST ACADEMY INC, HARVEST PREPARATORY CHARTER SCHOOL INC, AND MASTERY SCHOOL INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND SUPPORT OF BEST ACADEMY INC, HARVEST PREPARATORY CHARTER SCHOOL INC, AND MASTERY SCHOOL INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffanie Boyd Chair | OfficerTrustee | 1 | $0 |
Ben Whitney Vice Chair | OfficerTrustee | 1 | $0 |
Robbie Soskin Treasurer | OfficerTrustee | 1 | $0 |
Marcie Dewalt Board Member | Trustee | 1 | $0 |
Chuck Williams Board Member | Trustee | 1 | $0 |
Sylvia Bartley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Financial Leasing Copier Lease | 6/29/17 | $286,833 |
Thor Construction Construction Contract | 6/29/17 | $150,000 |
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 | $803,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $803,672 |
| Total Program Service Revenue | $2,238,689 |
| Investment income | $1,414 |
| 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 | $3,044,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $466,425 |
| 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. | $818,347 |
| Compensation of current officers, directors, key employees. | $423,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,698 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,919 |
| Payroll taxes | $91,490 |
| Fees for services: Management | $380,931 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $68,997 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,051 |
| Advertising and promotion | $0 |
| Office expenses | $11,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,355 |
| Travel | $16,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,452 |
| All other expenses | $43,842 |
| Total functional expenses | $3,258,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,007 |
| 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 | $2,286 |
| Net Land, buildings, and equipment | $550,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,858 |
| Total assets | $881,195 |
| Accounts payable and accrued expenses | $346,015 |
| 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 | $498,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $358,437 |
| Total liabilities | $1,203,199 |
| Unrestricted restricted net Assets | -$565,011 |
| Temporarily restricted net Assets | $243,007 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$322,004 |
Grants Awarded
Over the last fiscal year, Harvest Network Of Schools Inc has awarded $466,425 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BEST ACADEMY INC PURPOSE: GENERAL OPERATING | $71,103 |
HARVEST PREPARATORY CHARTER SCHOOL INC PURPOSE: GENERAL OPERATING | $247,716 |
MASTERY SCHOOL INC PURPOSE: GENERAL OPERATING | $147,606 |