East Range Academy Of Technology & Science
- Assets
- $2.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 72
- Location
- Mt Iron, MN
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 59-3829475
Organization Overview
East Range Academy Of Technology & Science is located in Mt Iron, MN. The organization was established in 2010. 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, East Range Academy Of Technology & Science employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Range Academy Of Technology & Science 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, East Range Academy Of Technology & Science generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 6.7% 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
PROVIDE AN EDUCATION AND OTHER EDUCATIONAL SERVICES TO STUDENTS IN GRADES 9-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN EDUCATION AND OTHER EDUCATIONAL SERVICES TO STUDENTS IN GRADES 9-12. DURING THE FISCAL YEAR ENDED JUNE 30, 2022 EAST RANGE ACADEMY OF TECHNOLOGY AND SCIENCE SERVED AN ESTIMATED 126 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Mackey Secretary | OfficerTrustee | 40 | $70,725 |
Andy Bellefy Member | Trustee | 40 | $63,085 |
Laura Anderson Member | Trustee | 0 | $0 |
Susan Hancock Treasurer | Trustee | 3 | $0 |
John Stodola Vice Chair | OfficerTrustee | 3 | $0 |
Erin Haglund Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,051 |
| Total Program Service Revenue | $2,884,065 |
| Investment income | $1,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,981,618 |
| 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. | $137,499 |
| Compensation of current officers, directors, key employees. | $137,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,319,199 |
| Pension plan accruals and contributions | $103,451 |
| Other employee benefits | $37,165 |
| Payroll taxes | $110,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,089 |
| Fees for services: Accounting | $116,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,446 |
| Advertising and promotion | $0 |
| Office expenses | $105,414 |
| Information technology | $297,156 |
| Royalties | $0 |
| Occupancy | $197,695 |
| Travel | $972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,063 |
| Interest | $333 |
| Payments to affiliates | $7,536 |
| Depreciation, depletion, and amortization | $114,045 |
| Insurance | $28,391 |
| All other expenses | $0 |
| Total functional expenses | $2,866,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740,913 |
| Savings and temporary cash investments | $250,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $950,715 |
| 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 | $11,034 |
| Net Land, buildings, and equipment | $210,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $694,984 |
| Total assets | $2,858,588 |
| Accounts payable and accrued expenses | $263,573 |
| 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 | $2,277,813 |
| Total liabilities | $2,541,386 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $97,338 |
| Paid-in or capital surplus, or land, building, or equipment fund | $210,767 |
| Retained earnings, endowment, accumulated income, or other funds | $9,097 |
| Total liabilities and net assets/fund balances | $2,858,588 |