Aurora Charter School FY2024 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2000EducationEIN 41-1962390

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The mission of Aurora Charter School is to operate a center of learning that embraces academic excellence and celebrates the gift of latino culture. Aurora Charter School will be a high-achieving learning environment where the student is nurtured academically, socially, and physically. Students will be held to learning standards mandated by the state of minnesota through a dual-language curriculum in english and spanish, and with the instruction of highly-qualified teachers and other support staff, will strive to close the achievement gap within the School

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$148K 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

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $219K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$148K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.7M
125% of total assets
Concern: liabilities are 125% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3M
+4% vs prior year
Spent
$8.0M
To programs
82%
Net assets
−$1.6M
By yearFY2020–FY2024
Revenue
$8.3M
FY2024▲ +4%
Revenue by fiscal year
FY2020$6.8M
FY2021$6.9M
FY2022$7.6M
FY2023$8.0M
FY2024$8.3M
FY2024$7.6M
Expenses
$8.0M
FY2024▲ +10%
Expenses by fiscal year
FY2020$7.2M
FY2021$6.9M
FY2022$7.2M
FY2023$7.2M
FY2024$8.0M
FY2024$7.8M
Net assets
−$1.6M
FY2024▲ +18%
Net assets by fiscal year
FY2020−$3.0M
FY2021−$3.0M
FY2022−$2.6M
FY2023−$1.9M
FY2024−$1.6M
FY2024−$1.7M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Sep 2000.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $6.5M Management & general 18% · $1.4M

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

5 people listed on the 990; $148K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$77,168Pt VII · Sec A
$70,442Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Matthew Cisewski’s $115K as Executive Director is at the 41st 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
Matthew Cisewski$114,714—————
Geraldine Rivas—$77,168————
Michelle Salguero$70,442$70,442————
Ayme Almendarez—————$65,837
Michelle Salguero——$61,265———
Alex Lager———$60,563$58,714—
Geraldine Rivas——$59,815———
Julie Reiss———$54,222$52,654$58,578

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

Educates students with academic excellence and celebrates Latino culture.

Provided by the organization

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1 program service account for $6.5M of program spending, described in the organization's own filed words · FY2023.
01

Education of Students

Aurora charter school is a tuition free, public charter school. During the fiscal year ended june 30, 2024, the school served an estimated 411 students.

$6.5Mprogram 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 1 funder$17K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.3M
Ln 12
Fees for servicesLn 2g$7.7M
Gifts and grantsLn 1h$589K
Investment incomeLn 3$3K
Money outPt IX
$8.0M
Ln 25
Programscol B$6.5M
Managementcol C$1.4M
Owns and owesPt X
−$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$893K
Total assetsLn 16$6.1M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$589K
Government grantsLn 1e$565K
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$3K
Total revenueLn 12$8.3M
Assets in detailPt X, end of year
CashLn 1$578K
SavingsLn 2$315K
Cash and savings togetherLn 1–2$893K
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$978K
Total assetsLn 16$6.1M
LiabilitiesLn 26$7.7M
Net assetsLn 32−$1.6M
OperationsPt I, VI
EmployeesI 569
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$1.0M$893K
Land, buildings, equipmentLn 10c$3.6M$3.0M
Total assetsLn 16$6.7M$6.1M
LiabilitiesLn 26$8.6M$7.7M
Net assetsLn 32−$1.9M−$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$135K$135K
Other salaries and wagesLn 7$3.4M$2.8M$578K
Pension plan contributionsLn 8$302K$235K$68K
Other employee benefitsLn 9$452K$335K$117K
Payroll taxesLn 10$262K$206K$56K
Accounting feesLn 11c$138K$138K
Other fees for servicesLn 11g$400K$273K$127K
Office expensesLn 13$303K$266K$37K
Information technologyLn 14$196K$57K$139K
OccupancyLn 16$223K$223K
TravelLn 17$650$650
Conferences, conventions and meetingsLn 19$34K$34K
InterestLn 20$150K$6K$144K
Payments to affiliatesLn 21$38K$893$37K
Depreciation, depletion and amortizationLn 22$805K$805K
InsuranceLn 23$58K$58K
Other expenses (24a–d)Ln 24$1.2M$1.2M$4K
All other expensesLn 24e−$127K−$127K
Total functional expensesLn 25$8.0M$6.5M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $8.3M$8.0M$341K−$1.6M 990 PDF
FY2023 $8.0M$7.2M$704K−$1.9M 990 PDF
FY2022 $7.6M$7.2M$430K−$2.6M 990 PDF
FY2021 $6.9M$6.9M$38K−$3.0M 990 PDF
FY2020 $6.8M$7.2M−$420K−$3.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $8,296,468 across 6 lines filed
VIII-1e Government grants$564,757
VIII-1f All other contributions, gifts and grants$24,204
VIII-1h Total contributions, gifts and grants$588,961
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,704,677$7,704,677
VIII-3 Investment incomeExcluded from tax $2,830$2,830
VIII-12 Total revenueRelated to mission $7,704,677 · Unrelated business $0 · Excluded from tax $2,830$8,296,468
Part IX · Statement of functional expenses $7,955,803 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $135,155$135,155
IX-7 Other salaries and wagesPrograms $2,832,333 · Management $578,128$3,410,461
IX-8 Pension plan contributionsPrograms $234,552 · Management $67,530$302,082
IX-9 Other employee benefitsPrograms $335,381 · Management $116,815$452,196
IX-10 Payroll taxesPrograms $205,995 · Management $56,158$262,153
IX-11c Accounting feesManagement $138,335$138,335
IX-11g Other fees for servicesPrograms $273,027 · Management $127,351$400,378
IX-13 Office expensesPrograms $265,593 · Management $36,951$302,544
IX-14 Information technologyPrograms $57,107 · Management $138,587$195,694
IX-16 OccupancyPrograms $222,937$222,937
IX-17 TravelManagement $650$650
IX-19 Conferences, conventions and meetingsPrograms $33,785$33,785
IX-20 InterestPrograms $5,610 · Management $144,177$149,787
IX-21 Payments to affiliatesPrograms $893 · Management $36,942$37,835
IX-22 Depreciation, depletion and amortizationPrograms $805,093$805,093
IX-23 InsurancePrograms $58,413$58,413
IX-24 Other expenses (24a–d)Programs $1,171,959 · Management $3,745$1,175,704
IX-24e All other expensesPrograms −$127,399−$127,399
IX-25 Total functional expensesPrograms $6,510,434 · Management $1,445,369 · Fundraising $0$7,955,803
Part X · Balance sheet $6,145,016 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $709,562$578,052
X-2 Savings and temporary cash investmentsStart of year $311,992$314,741
X-4 Accounts receivableStart of year $621,178$1,294,481
X-9 Prepaid expenses and deferred chargesStart of year $88,954$18,426
X-10c Land, buildings and equipment, netStart of year $3,624,731$2,961,142
X-15 Other assetsStart of year $1,385,413$978,174
X-16 Total assetsStart of year $6,741,830$6,145,016
X-17 Accounts payable and accrued expensesStart of year $370,363$636,119
X-19 Deferred revenueStart of year $15,575$0
X-25 Other liabilitiesStart of year $4,695,809$4,147,467
X-26 Total liabilitiesStart of year $8,635,135$7,697,656
X-32 Total net assets or fund balancesStart of year −$1,893,305−$1,552,640
X-33 Total liabilities and net assetsStart of year $6,741,830$6,145,016
Part XI · Reconciliation of net assets −$1,552,640 net assets at year end
XI-1 Total revenue$8,296,468
XI-2 Total expenses$7,955,803
XI-3 Revenue less expenses$340,665
XI-4 Net assets at start of year−$1,893,305
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,552,640

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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