Rochester Math & Science Academy
- Assets
- $6.3m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 102
- Location
- Rochester, MN
- Founding
- 09/2006
- Data as of
- 06/2021
- EIN
- 87-0732808
Organization Overview
Rochester Math & Science Academy is located in Rochester, MN. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Rochester Math & Science Academy employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Math & Science Academy 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, Rochester Math & Science Academy generated $8.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. While expenses have increased by 8.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL CREATES A SUPPORTIVE FAMILY TEACHING COMMUNITY THAT UTILIZES SHARED IDEALS, GOALS AND EXPERIENCES AS A MAJOR TOOL FOR FOSTERING A COMPREHENSIVE AND CHALLENGING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCHESTER MATH & SCIENCE ACADEMY IS A RESULTS-ORIENTED CHARTER SCHOOL. THE SCHOOL'S VISION IS TO MEET THE DISTINCT NEEDS OF OUR NEWLY ARRIVED STUDENT POPULATION. THE SCHOOL WILL CREATE A SUPPORTIVE FAMILY TEACHING COMMUNITY THAT UTILIZES SHARED IDEAS, GOALS AND EXPERIENCES AS A MAJOR TOOL FOR FOSTERING A COMPREHENSIVE AND CHALLENGING EDUCATION. THE VISION IS TO MEET THE DISTINCT NEEDS OF ROCHESTER'S DIVERSE STUDENT POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdulkadir Abdalla School Director | Officer | 40 | $110,151 |
Ali Jaras Community Member | Trustee | 40 | $68,489 |
Sulaf Ali-Saify Vice Chair/secretary | OfficerTrustee | 40 | $44,020 |
Bazi Bin-Sheikh Parent/community Member | Trustee | 40 | $40,785 |
Ahmed Elmi Board Chair | OfficerTrustee | 1 | $0 |
Mohamed Warsame Community Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Muna Halal Food Service | 6/29/18 | $372,576 |
Techjama Inc Technology | 6/29/18 | $137,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,247,539 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,256,181 |
| Total Program Service Revenue | $133,000 |
| Investment income | $3,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,397,219 |
| 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. | $369,938 |
| Compensation of current officers, directors, key employees. | $173,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,747,141 |
| Pension plan accruals and contributions | $260,179 |
| Other employee benefits | $476,612 |
| Payroll taxes | $237,448 |
| Fees for services: Management | $243,898 |
| Fees for services: Legal | $192,254 |
| Fees for services: Accounting | $71,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,498 |
| Advertising and promotion | $11,725 |
| Office expenses | $23,459 |
| Information technology | $203,025 |
| Royalties | $0 |
| Occupancy | $887,726 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,215 |
| Interest | $5,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,172 |
| Insurance | $45,542 |
| All other expenses | $0 |
| Total functional expenses | $7,183,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,656 |
| Savings and temporary cash investments | $2,471,721 |
| Pledges and grants receivable | $660,988 |
| Accounts receivable, net | $150,778 |
| 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 | $14,221 |
| Net Land, buildings, and equipment | $535,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,197,857 |
| Total assets | $6,275,658 |
| Accounts payable and accrued expenses | $952,125 |
| Grants payable | $0 |
| Deferred revenue | $37,500 |
| 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 | $110,274 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,836,793 |
| Total liabilities | $6,936,692 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,086,197 |
| Paid-in or capital surplus, or land, building, or equipment fund | $425,163 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,275,658 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |
Achieve Language Academy St Paul, MN | $7,414,026 | $6,915,145 |
Urban Academy St Paul, MN | $16,445,099 | $8,414,369 |