Math and Science Academy FY2020 filing

Tax-deductible

Woodbury, MN501(c)(3)Since 1998EducationEIN 41-1907844

We provide accelerated curricula in all subjects with an emphasis on math and science.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$298K 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

FY2020 · 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 $118K 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$298K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
115% of total assets
Concern: liabilities are 115% 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
$5.8M
Spent
$5.8M
To programs
89%
Net assets
−$820K
By yearFY2020–FY2024
Revenue
$5.8M
FY2020
Revenue by fiscal year
FY2020$5.8M
FY2021$5.8M
FY2022$5.8M
FY2023$6.7M
FY2024$8.0M
FY2024$9.5M
Expenses
$5.8M
FY2020
Expenses by fiscal year
FY2020$5.8M
FY2021$5.7M
FY2022$5.9M
FY2023$6.7M
FY2024$7.4M
FY2024$8.9M
Net assets
−$820K
FY2020
Net assets by fiscal year
FY2020−$820K
FY2021−$1.0M
FY2022−$855K
FY2023−$65K
FY2024$187K
FY2024$959K

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

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You’re viewing the FY2020 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 Mar 1999.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $5.2M Management & general 11% · $642K

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

Who runs it and what they're paid

10 people listed on the 990; $298K 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
School Director
$108,176Pt VII · Sec A
$56,726Pt VII · Sec A
$56,055Pt VII · Sec A
Board Chair
$42,818Pt VII · Sec A
$34,693Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kate Hinton’s $127K as Executive Director is at the 50th 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kate Hinton$126,758$118,287$125,544———
Jillynne Raymond$126,034$111,031————
Lytou Lee$119,655$106,828————
John Gawarecki————$114,143$108,176
Steven Hoemann$112,398$110,615$109,671———
Randall Vetsch—$107,604————
Thomas Johnston———$52,531$80,028—
Maggie Burggraaff——$71,678$66,846$66,687$56,055

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

Offers fast-paced math and science education, plus other subjects.

Provided by the organization

This section is blank until Math and Science Academy claims this page.

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1 program service account for $5.2M of program spending, described in the organization's own filed words · FY2019.
01

Math & science academy (msa) opened in the fall of the 1999-2000 school year and serves students grades six through twelve. Msa places tremendous value on a school design that is curriculum based, standards driven, and collaboratively run. The curriculum places emphasis in the areas of math and science with a balance of humanities.

$5.2Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$5.7M
Fees for servicesLn 2g$106K
Investment incomeLn 3$17K
Money outPt IX
$5.8M
Ln 25
Programscol B$5.2M
Managementcol C$642K
Owns and owesPt X
−$820K
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$5.4M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$5.5M
Fees for servicesLn 2g$106K
Investment incomeLn 3$17K
Other incomeLn 4–11$9K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$600
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$497K
Other assetsLn 15$2.3M
Total assetsLn 16$5.4M
LiabilitiesLn 26$6.3M
Net assetsLn 32−$820K
OperationsPt I, VI
EmployeesI 5137
VolunteersI 615
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 FY20End FY20
Cash and savingsLn 1–2$1.9M$1.8M
Land, buildings, equipmentLn 10c$546K$497K
Total assetsLn 16$6.3M$5.4M
LiabilitiesLn 26$6.8M$6.3M
Net assetsLn 32−$515K−$820K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$403K$266K$137K
Pay of disqualified personsLn 6$440K$440K
Other salaries and wagesLn 7$2.1M$1.9M$180K
Pension plan contributionsLn 8$177K$163K$13K
Other employee benefitsLn 9$356K$297K$59K
Payroll taxesLn 10$215K$195K$20K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$100K$100K
Other fees for servicesLn 11g$261K$255K$5K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$133K$86K$47K
Information technologyLn 14$184K$151K$33K
OccupancyLn 16$989K$989K
Conferences, conventions and meetingsLn 19$33K$32K$1K
Depreciation, depletion and amortizationLn 22$77K$76K$823
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$293K$257K$36K
Total functional expensesLn 25$5.8M$5.2M$642K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.0M$7.4M$555K$187K 990 PDF
FY2023 $6.7M$6.7M$20K−$65K 990 PDF
FY2022 $5.8M$5.9M−$67K−$855K 990 PDF
FY2021 $5.8M$5.7M$106K−$1.0M 990 PDF
FY2020 Viewing $5.8M$5.8M−$23K−$820K 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 (4 parts)
Part VIII · Statement of revenue $5,783,366 across 8 lines filed
Lines not itemized here account for $7,471 of total revenue; see the IRS return.
VIII-1e Government grants$5,537,213
VIII-1f All other contributions, gifts and grants$115,191
VIII-1h Total contributions, gifts and grants$5,652,404
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,531$105,531
VIII-3 Investment incomeExcluded from tax $16,566$16,566
VIII-8 Net income from fundraising eventsExcluded from tax −$490−$490
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,884$1,884
VIII-12 Total revenueRelated to mission $107,415 · Unrelated business $0 · Excluded from tax $23,547$5,783,366
Part IX · Statement of functional expenses $5,806,284 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $266,087 · Management $137,085$403,172
IX-6 Pay of disqualified personsPrograms $439,830$439,830
IX-7 Other salaries and wagesPrograms $1,926,527 · Management $179,899$2,106,426
IX-8 Pension plan contributionsPrograms $163,385 · Management $13,315$176,700
IX-9 Other employee benefitsPrograms $297,182 · Management $58,655$355,837
IX-10 Payroll taxesPrograms $194,937 · Management $20,291$215,228
IX-11b Legal feesManagement $5,018$5,018
IX-11c Accounting feesManagement $99,635$99,635
IX-11g Other fees for servicesPrograms $255,288 · Management $5,269$260,557
IX-12 Advertising and promotionManagement $5,144$5,144
IX-13 Office expensesPrograms $86,114 · Management $47,006$133,120
IX-14 Information technologyPrograms $151,305 · Management $32,637$183,942
IX-16 OccupancyPrograms $988,689$988,689
IX-19 Conferences, conventions and meetingsPrograms $32,408 · Management $1,017$33,425
IX-22 Depreciation, depletion and amortizationPrograms $76,413 · Management $823$77,236
IX-23 InsurancePrograms $29,705$29,705
IX-24 Other expenses (24a–d)Programs $256,897 · Management $35,723$292,620
IX-25 Total functional expensesPrograms $5,164,767 · Management $641,517 · Fundraising $0$5,806,284
Part X · Balance sheet $5,430,128 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $600$600
X-2 Savings and temporary cash investmentsStart of year $1,888,869$1,808,813
X-4 Accounts receivableStart of year $527,961$669,898
X-9 Prepaid expenses and deferred chargesStart of year $231,534$193,461
X-10c Land, buildings and equipment, netStart of year $545,748$496,846
X-15 Other assetsStart of year $3,060,093$2,260,510
X-16 Total assetsStart of year $6,254,805$5,430,128
X-17 Accounts payable and accrued expensesStart of year $527,872$566,116
X-25 Other liabilitiesStart of year $6,241,701$5,684,094
X-26 Total liabilitiesStart of year $6,769,573$6,250,210
X-32 Total net assets or fund balancesStart of year −$514,768−$820,082
X-33 Total liabilities and net assetsStart of year $6,254,805$5,430,128
Part XI · Reconciliation of net assets −$820,082 net assets at year end
XI-1 Total revenue$5,783,366
XI-2 Total expenses$5,806,284
XI-3 Revenue less expenses−$22,918
XI-4 Net assets at start of year−$514,768
XI-9 Other changes in net assets−$282,396
XI-10 Net assets at end of year−$820,082

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

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