Pact Charter School FY2023 filing

Tax-deductible

Ramsey, MN501(c)(3)Since 1994EIN 41-1775865

Partnering as parents, students, and staff to develop students of character and academic excellence.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$396K 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

FY2023 · 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 $207K a year · 2% 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$396K
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
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.1M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 9 voting members
Looks good: 5 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.1M
+20% vs prior year
Spent
$9.2M
To programs
88%
Net assets
−$195K
By yearFY2020–FY2024
Revenue
$10.1M
FY2023▲ +20%
Revenue by fiscal year
FY2020$7.5M
FY2021$7.9M
FY2022$8.5M
FY2023$10.1M
FY2024$14.5M
FY2024$18.7M
Expenses
$9.2M
FY2023▲ +15%
Expenses by fiscal year
FY2020$7.6M
FY2021$7.7M
FY2022$8.0M
FY2023$9.2M
FY2024$15.0M
FY2024$16.7M
Net assets
−$195K
FY2023▲ +82%
Net assets by fiscal year
FY2020−$1.8M
FY2021−$1.6M
FY2022−$1.1M
FY2023−$195K
FY2024−$647K
FY2024$1.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Nov 1994.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $8.1M Management & general 12% · $1.1M

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

Who runs it and what they're paid

12 people listed on the 990; $396K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Director
$100,609Pt VII · Sec A
Ed of Secondary Education
$58,294Pt VII · Sec A
Teacher Member
$56,469Pt VII · Sec A
Secretary / Teacher
$46,362Pt VII · Sec A
Ed of Elementary Education
$46,282Pt VII · Sec A
Teacher Member
$44,857Pt VII · Sec A
Teacher Member
$42,994Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Romelle Pornschloegl$122,635$123,936$58,294———
Paul Scanlon—$121,194$46,282———
Joshua Nyquist—$119,891$100,609$100,289$98,917$106,071
Dr Nathan Flanburg$103,125—————
Amy Erendu———$95,248$93,875$98,444
Mary Levy————$71,867$71,400
Guy Winters————$54,015$67,010
Thomas Schwartzbauer————$64,100$63,053

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

Develops students of character and academic excellence through parent, student, and staff partnerships.

Provided by the organization

This section is blank until Pact Charter School claims this page.

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1 program service account for $8.1M of program spending, described in the organization's own filed words · FY2022.
01

PACT provides a comprehensive educational program for approximately 706 students, grades K-12. Regular school year was from August 29, 2022 - May 25, 2023; extended year summer school is available for qualifying special education students.

$8.1Mprogram 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 · FY2023
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10.1M
Ln 12
Gifts and grantsLn 1h$9.1M
Other incomeLn 4–11$813K
Fees for servicesLn 2g$186K
Money outPt IX
$9.2M
Ln 25
Programscol B$8.1M
Managementcol C$1.1M
Owns and owesPt X
−$195K
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$5.9M
LiabilitiesLn 26$6.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.1M
Government grantsLn 1e$9.0M
Fees for servicesLn 2g$186K
Investment incomeLn 3$51K
Other incomeLn 4–11$813K
Gains on assetsLn 7−$38K
Total revenueLn 12$10.1M
Assets in detailPt X, end of year
CashLn 1$2.5M
Cash and savings togetherLn 1–2$2.5M
Land, buildings, equipmentLn 10c$399K
Other assetsLn 15$1.5M
Total assetsLn 16$5.9M
LiabilitiesLn 26$6.1M
Net assetsLn 32−$195K
OperationsPt I, VI
EmployeesI 5262
VolunteersI 6153
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 FY23End FY23
Cash and savingsLn 1–2$2.8M$2.5M
Land, buildings, equipmentLn 10c$469K$399K
Total assetsLn 16$5.8M$5.9M
LiabilitiesLn 26$6.9M$6.1M
Net assetsLn 32−$1.1M−$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$550K$473K$77K
Other salaries and wagesLn 7$4.0M$3.4M$557K
Pension plan contributionsLn 8$365K$316K$50K
Other employee benefitsLn 9$514K$439K$75K
Payroll taxesLn 10$350K$304K$47K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$116K$116K
Other fees for servicesLn 11g$1.2M$1.1M$106K
Office expensesLn 13$465K$454K$11K
Information technologyLn 14$93K$38K$55K
OccupancyLn 16$1.2M$1.2M
TravelLn 17$57K$54K$3K
Depreciation, depletion and amortizationLn 22$101K$101K$686
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$203K$188K$15K
Total functional expensesLn 25$9.2M$8.1M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $14.5M$15.0M−$452K−$647K 990 PDF
FY2023 Viewing $10.1M$9.2M$914K−$195K 990 PDF
FY2022 $8.5M$8.0M$441K−$1.1M 990 PDF
FY2021 $7.9M$7.7M$207K−$1.6M 990 PDF
FY2020 $7.5M$7.6M−$77K−$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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $10,121,647 across 8 lines filed
VIII-1e Government grants$9,035,997
VIII-1f All other contributions, gifts and grants$35,299
VIII-1h Total contributions, gifts and grants$9,071,296
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,661$185,661
VIII-3 Investment incomeExcluded from tax $89,182$89,182
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$37,769−$37,769
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $813,277$813,277
VIII-12 Total revenueRelated to mission $185,661 · Unrelated business $0 · Excluded from tax $864,690$10,121,647
Part IX · Statement of functional expenses $9,207,395 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $473,339 · Management $77,080$550,419
IX-7 Other salaries and wagesPrograms $3,413,373 · Management $557,280$3,970,653
IX-8 Pension plan contributionsPrograms $315,558 · Management $49,772$365,330
IX-9 Other employee benefitsPrograms $439,365 · Management $74,635$514,000
IX-10 Payroll taxesPrograms $303,854 · Management $46,575$350,429
IX-11b Legal feesManagement $3,382$3,382
IX-11c Accounting feesManagement $116,315$116,315
IX-11g Other fees for servicesPrograms $1,055,877 · Management $106,120$1,161,997
IX-13 Office expensesPrograms $453,636 · Management $10,957$464,593
IX-14 Information technologyPrograms $38,311 · Management $55,110$93,421
IX-16 OccupancyPrograms $1,195,670$1,195,670
IX-17 TravelPrograms $54,243 · Management $3,051$57,294
IX-22 Depreciation, depletion and amortizationPrograms $100,755 · Management $686$101,441
IX-23 InsurancePrograms $58,997$58,997
IX-24 Other expenses (24a–d)Programs $188,469 · Management $14,985$203,454
IX-25 Total functional expensesPrograms $8,091,447 · Management $1,115,948 · Fundraising $0$9,207,395
Part X · Balance sheet $5,912,604 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,845,775$2,508,415
X-3 Pledges and grants receivableStart of year $905,076$1,357,633
X-4 Accounts receivableStart of year $3,477$24,596
X-9 Prepaid expenses and deferred chargesStart of year $77,194$147,103
X-10c Land, buildings and equipment, netStart of year $469,184$399,234
X-15 Other assetsStart of year $1,512,003$1,475,623
X-16 Total assetsStart of year $5,812,709$5,912,604
X-17 Accounts payable and accrued expensesStart of year $598,856$620,292
X-19 Deferred revenueStart of year $12,724$9,599
X-25 Other liabilitiesStart of year $6,310,445$5,477,777
X-26 Total liabilitiesStart of year $6,922,025$6,107,668
X-27 Net assets without donor restrictionsStart of year −$1,172,251−$257,999
X-28 Net assets with donor restrictionsStart of year $62,935$62,935
X-32 Total net assets or fund balancesStart of year −$1,109,316−$195,064
X-33 Total liabilities and net assetsStart of year $5,812,709$5,912,604
Part XI · Reconciliation of net assets −$195,064 net assets at year end
XI-1 Total revenue$10,121,647
XI-2 Total expenses$9,207,395
XI-3 Revenue less expenses$914,252
XI-4 Net assets at start of year−$1,109,316
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$195,064

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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