Cedar Riverside Community School FY2020 filing

IRS exemption revoked

Minneapolis, MNUnknown exempt organizationEIN 41-1748473Revenue $2.4M in FY2020

On file with the IRScrcs-school.org1610 S 6th St · Minneapolis, MN

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To connect our students to the world by means of rigorous, academic program with an emphasis on literacy and character development.

83¢ of each $1 spent went to programs.
$196K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $494K a year · 22% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$196K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
159% of total assets
Concern: liabilities are 159% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$2.7M
To programs
83%
Net assets
−$1.4M
By yearFY2020–FY2021
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.1M
Expenses
$2.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.8M
Net assets
−$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.4M
FY2021−$2.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.3M Management & general 17% · $469K

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

6 people listed on the 990; $196K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$97,713Pt VII · Sec A
Secretary/Teacher
$41,610Pt VII · Sec A
Vice Chair/Teacher
$37,520Pt VII · Sec A
Treasurer/Teacher
$19,047Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2021FY2020
Bert Strassburg$103,765$97,713
Janet Youngers$66,994$37,520
Jennifer Goveronski$61,116—
Jennifer Van Haften$43,052$41,610
Hannah Lodge—$19,047
Chuck Richards$14,098—

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

Connects students to the world through rigorous academics, literacy, and character development.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2019
01

Pre-kindergarten Cedar Riverside Community School (CRCS) has been an approved voluntary pre-kindergarten program by the Minnesota Department of Education. The program enrolls up to 20 students and it's very popular within the Cedar Riverside Community.

$2.3Mprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$9K
Investment incomeLn 3$8K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.3M
Managementcol C$469K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$543K
Total assetsLn 16$2.4M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.4M
Fees for servicesLn 2g$400
Investment incomeLn 3$8K
Other incomeLn 4–11$9K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$543K
Cash and savings togetherLn 1–2$543K
Land, buildings, equipmentLn 10c$107K
Other assetsLn 15$1.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$3.7M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 563
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$918K$543K
Land, buildings, equipmentLn 10c$105K$107K
Total assetsLn 16$3.1M$2.4M
LiabilitiesLn 26$4.2M$3.7M
Net assetsLn 32−$1.1M−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$307K$252K$54K
Other salaries and wagesLn 7$870K$720K$150K
Pension plan contributionsLn 8$260K$231K$29K
Other employee benefitsLn 9$56K$45K$11K
Payroll taxesLn 10$93K$78K$15K
Other fees for servicesLn 11g$595K$464K$131K
OccupancyLn 16$286K$285K$426
TravelLn 17$254$254
Depreciation, depletion and amortizationLn 22$20K$12K$8K
InsuranceLn 23$20K$10K$10K
Other expenses (24a–d)Ln 24$190K$148K$41K
All other expensesLn 24e$41K$22K$19K
Total functional expensesLn 25$2.7M$2.3M$469K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $2.1M$2.8M−$694K−$2.1M 990 PDF
FY2020 Viewing $2.4M$2.7M−$295K−$1.4M 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 FY2020 990 (6 parts)
Part I · Summary $2,442,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,687,674$2,425,129
I-9 Program service revenuePrior year $138,852$400
I-10 Investment incomePrior year $8,172$8,285
I-11 Other revenuePrior year $493,091$8,548
I-12 Total revenuePrior year $3,327,789$2,442,362
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,520,446$1,584,978
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,273,773$1,151,917
I-18 Total expensesPrior year $2,794,219$2,736,895
I-19 Revenue less expensesPrior year $533,570−$294,533
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,442,362 across 7 lines filed
VIII-1e Government grants$2,408,083
VIII-1f All other contributions, gifts and grants$17,046
VIII-1h Total contributions, gifts and grants$2,425,129
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $400$400
VIII-3 Investment incomeExcluded from tax $8,285$8,285
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,548$8,548
VIII-12 Total revenueRelated to mission $400 · Unrelated business $0 · Excluded from tax $16,833$2,442,362
Part IX · Statement of functional expenses $2,736,895 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $252,457 · Management $54,261$306,718
IX-7 Other salaries and wagesPrograms $720,239 · Management $149,623$869,862
IX-8 Pension plan contributionsPrograms $230,913 · Management $29,224$260,137
IX-9 Other employee benefitsPrograms $44,808 · Management $10,832$55,640
IX-10 Payroll taxesPrograms $78,105 · Management $14,516$92,621
IX-11g Other fees for servicesPrograms $463,865 · Management $131,410$595,275
IX-16 OccupancyPrograms $285,090 · Management $426$285,516
IX-17 TravelPrograms $254$254
IX-22 Depreciation, depletion and amortizationPrograms $11,758 · Management $8,340$20,098
IX-23 InsurancePrograms $10,459 · Management $9,737$20,196
IX-24 Other expenses (24a–d)Programs $148,284 · Management $41,333$189,617
IX-24e All other expensesPrograms $21,911 · Management $19,050$40,961
IX-25 Total functional expensesPrograms $2,268,143 · Management $468,752 · Fundraising $0$2,736,895
Part X · Balance sheet $2,352,806 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $918,344$542,987
X-4 Accounts receivableStart of year $26,039$326,786
X-9 Prepaid expenses and deferred chargesStart of year $28,022$3,310
X-10c Land, buildings and equipment, netStart of year $105,076$107,388
X-15 Other assetsStart of year $2,066,226$1,372,335
X-16 Total assetsStart of year $3,143,707$2,352,806
X-17 Accounts payable and accrued expensesStart of year $161,144$205,870
X-25 Other liabilitiesStart of year $4,063,349$3,529,755
X-26 Total liabilitiesStart of year $4,231,993$3,735,625
X-32 Total net assets or fund balancesStart of year −$1,088,286−$1,382,819
X-33 Total liabilities and net assetsStart of year $3,143,707$2,352,806
Part XI · Reconciliation of net assets −$1,382,819 net assets at year end
XI-1 Total revenue$2,442,362
XI-2 Total expenses$2,736,895
XI-3 Revenue less expenses−$294,533
XI-4 Net assets at start of year−$1,088,286
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,382,819

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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