Great Mn Schools
- Assets
- $411.9k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Minneapolis, MN
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 81-1733895
Organization Overview
Great Mn Schools is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Great MN Schools employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great MN Schools 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, Great MN Schools generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 20.1% per year over the past 6 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.
Since 2017, Great MN Schools has awarded 80 individual grants totaling $7,828,668. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKES STRATEGIC INVESTMENTS IN PROVEN AND PROMISING SCHOOLS, PROVIDING THE EXPERT GUIDANCE, FUNDING RESOURCES TO CREATE A COMMUNITY OF GREAT SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT MN SCHOOLS PARTNERS WITH PROMISING SCHOOLS GUIDING THEIR IMPROVEMENT AND GROWTH, STRENGTHENING STUDENTS' LEARNING EXPERIENCES, AND ADVANCING EDUCATIONAL OUTCOMES. WORKING WITH COMMUNITY-BASED PARTNERS, WE SUPPORT FAMILIES IN MAKING INFORMED DECISIONS ON ENROLLMENT AND ADVOCATING FOR THEIR CHILDREN WITHIN SCHOOLS. AND WE ENGAGE THE COMMUNITY AS PARTNERS, BUILDING SUPPORT FOR PROVEN SOLUTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Stern Executive Director | Officer | 40 | $249,660 |
Nicholas Banovetz Chief Of Staff | 40 | $152,970 | |
Sheilah Kavaney Portfolio Director | 40 | $131,359 | |
Karn Engelsgjerd Dir. Of Development | 40 | $125,575 | |
Melissa Long Portfolio Director | 40 | $124,503 | |
Osman Ahmed Dir. Of Community Partnerships | 40 | $112,233 |
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 | $3,619,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,619,198 |
| Total Program Service Revenue | $0 |
| Investment income | $62 |
| 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 | $3,619,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,260,954 |
| 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. | $268,327 |
| Compensation of current officers, directors, key employees. | $53,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,213 |
| Pension plan accruals and contributions | $30,187 |
| Other employee benefits | $117,828 |
| Payroll taxes | $88,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,105 |
| Fees for services: Accounting | $29,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,209 |
| Advertising and promotion | $262,449 |
| Office expenses | $25,542 |
| Information technology | $3,176 |
| Royalties | $0 |
| Occupancy | $37,034 |
| Travel | $12,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,026 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,265 |
| Insurance | $2,887 |
| All other expenses | $0 |
| Total functional expenses | $4,771,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,288 |
| 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 | $15,770 |
| Net Land, buildings, and equipment | $1,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $411,897 |
| Accounts payable and accrued expenses | $165,905 |
| Grants payable | $534,000 |
| 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 | $89,833 |
| Total liabilities | $789,738 |
| Net assets without donor restrictions | -$377,841 |
| 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 | $411,897 |
Grants Awarded
Over the last fiscal year, Great Mn Schools has awarded $1,117,750 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $188,750 |
Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $132,000 |
Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $125,000 |
Columbia Heights, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $100,000 |
Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $55,000 |
New Brighton, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Great Mn Schools has recieved totaling $7,226,115.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: EDUCATION | $4,810,000 |
Wem Foundation Minneapolis, MN PURPOSE: GENERAL | $669,506 |
Cloverfields Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING FUND | $450,000 |
The Douglass Brandenborg Family Foundation Edina, MN PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Prospect Creek Foundation Wayzata, MN PURPOSE: OPERATIONAL | $161,250 |
Jane & Archie Black Foundation Golden Valley, MN PURPOSE: CHARITABLE | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Woodbury Leadership Academy Woodbury, MN | $4,350,331 | $5,912,313 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Barr Center St Louis Park, MN | $8,287,138 | $8,108,042 |
Great Mn Schools Minneapolis, MN | $411,897 | $3,619,260 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |
West River Foundation Sturgis, SD | $7,568,333 | $3,921,124 |
Sicangu Owayawa Oti-Rosebud Dormitory Mission, SD | $5,924,789 | $2,325,210 |