Stonebridge World School FY2022 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2006EducationEIN 20-5696407

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Our mission is to create and environment with a global perspective that prepares students to excel academically. Our vision is to develop motivated and principled global citizens for lifelong learning and productive citizenship.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$220K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $159K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$220K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.5M
134% of total assets
Concern: liabilities are 134% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.0M
-3% vs prior year
Spent
$5.7M
To programs
85%
Net assets
−$1.1M
By yearFY2020–FY2024
Revenue
$6.0M
FY2022▼ -3%
Revenue by fiscal year
FY2020$5.3M
FY2021$6.1M
FY2022$6.0M
FY2023$6.1M
FY2024$5.0M
FY2024$5.2M
Expenses
$5.7M
FY2022▲ +1%
Expenses by fiscal year
FY2020$5.5M
FY2021$5.7M
FY2022$5.7M
FY2023$5.4M
FY2024$5.4M
FY2024$5.2M
Net assets
−$1.1M
FY2022▲ +16%
Net assets by fiscal year
FY2020−$1.8M
FY2021−$1.4M
FY2022−$1.1M
FY2023−$469K
FY2024−$799K
FY2024−$757K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.9M Management & general 15% · $853K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $220K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Ex Officio
$110,862Pt VII · Sec A
Board Member
$55,347Pt VII · Sec A
Board Member
$53,993Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Barbara Novy’s $127K as Executive Director is at the 51st percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Barbara Novy$127,120$127,026$119,506$110,862$112,432$111,377
Heather Newman$96,334$91,469————
Keisha Feser—$67,146$72,436$55,347$66,468$61,981
Karen Braye$37,566$57,463$62,137$53,993$58,204—
Marissa Moore$55,890$49,717————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students academically for a global future.

Provided by the organization

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1 program service account for $4.9M of program spending, described in the organization's own filed words · FY2021.
01

Stonebridge World School is a K-8 Minneapolis public charter school that provides a unique combination of a global curriculum, a variety of services, and a central location designed to provide a first-class education to Minneapolis students.

$4.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Gifts and grantsLn 1h$6.0M
Investment incomeLn 3$4
Money outPt IX
$5.7M
Ln 25
Programscol B$4.9M
Managementcol C$853K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$841K
Total assetsLn 16$3.3M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Government grantsLn 1e$5.9M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$4
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$841K
SavingsLn 2$0
Cash and savings togetherLn 1–2$841K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$109K
Other assetsLn 15$962K
Total assetsLn 16$3.3M
LiabilitiesLn 26$4.5M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 558
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$866K$841K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$88K$109K
Total assetsLn 16$3.2M$3.3M
LiabilitiesLn 26$4.5M$4.5M
Net assetsLn 32−$1.4M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$301K$167K$133K
Other salaries and wagesLn 7$2.0M$1.8M$240K
Pension plan contributionsLn 8$49K$19K$30K
Other employee benefitsLn 9$299K$259K$40K
Payroll taxesLn 10$174K$147K$28K
Management feesLn 11a$108K$108K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$46K$46K
Other fees for servicesLn 11g$319K$319K
Office expensesLn 13$82K$5K$77K
Information technologyLn 14$304K$173K$131K
OccupancyLn 16$920K$920K
TravelLn 17$716K$716K
Conferences, conventions and meetingsLn 19$21K$20K$527
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$313K$310K$4K$0
Total functional expensesLn 25$5.7M$4.9M$853K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.0M$5.4M−$330K−$799K 990 PDF
FY2023 $6.1M$5.4M$669K−$469K 990 PDF
FY2022 Viewing $6.0M$5.7M$218K−$1.1M 990 PDF
FY2021 $6.1M$5.7M$451K−$1.4M 990 PDF
FY2020 $5.3M$5.5M−$214K−$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $5,962,556 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$5,892,547
VIII-1f All other contributions, gifts and grants$70,005
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$5,962,552
VIII-3 Investment incomeRelated to mission $4 · Unrelated business $0 · Excluded from tax $0$4
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $4 · Unrelated business $0 · Excluded from tax $0$5,962,556
Part IX · Statement of functional expenses $5,744,738 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $167,342 · Management $133,283$300,625
IX-7 Other salaries and wagesPrograms $1,789,010 · Management $239,565$2,028,575
IX-8 Pension plan contributionsPrograms $19,198 · Management $29,580$48,778
IX-9 Other employee benefitsPrograms $259,449 · Management $39,837$299,286
IX-10 Payroll taxesPrograms $146,570 · Management $27,919$174,489
IX-11a Management feesManagement $107,753$107,753
IX-11b Legal feesManagement $15,792$15,792
IX-11c Accounting feesManagement $46,460$46,460
IX-11g Other fees for servicesPrograms $319,164$319,164
IX-13 Office expensesPrograms $4,737 · Management $77,403$82,140
IX-14 Information technologyPrograms $172,542 · Management $131,372$303,914
IX-16 OccupancyPrograms $919,791$919,791
IX-17 TravelPrograms $715,935$715,935
IX-19 Conferences, conventions and meetingsPrograms $20,175 · Management $527$20,702
IX-22 Depreciation, depletion and amortizationPrograms $26,373$26,373
IX-23 InsurancePrograms $21,466$21,466
IX-24 Other expenses (24a–d)Programs $309,839 · Management $3,656 · Fundraising $0$313,495
IX-25 Total functional expensesPrograms $4,891,591 · Management $853,147 · Fundraising $0$5,744,738
Part X · Balance sheet $3,322,421 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $865,585$841,155
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $612,703$983,016
X-4 Accounts receivableStart of year $406,662$379,070
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $97,023$48,777
X-10c Land, buildings and equipment, netStart of year $87,761$108,733
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,100,179$961,670
X-16 Total assetsStart of year $3,169,913$3,322,421
X-17 Accounts payable and accrued expensesStart of year $354,275$534,405
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilitiesStart of year $4,171,535$3,926,095
X-26 Total liabilitiesStart of year $4,525,810$4,460,500
X-32 Total net assets or fund balancesStart of year −$1,355,897−$1,138,079
X-33 Total liabilities and net assetsStart of year $3,169,913$3,322,421
Part XI · Reconciliation of net assets −$1,138,079 net assets at year end
XI-1 Total revenue$5,962,556
XI-2 Total expenses$5,744,738
XI-3 Revenue less expenses$217,818
XI-4 Net assets at start of year−$1,355,897
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,138,079

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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