Kaleidoscope Charter School No 4118 FY2020 filing

Tax-deductible

Otsego, MN501(c)(3)Since 2002EducationEIN 73-1663207Revenue $7.4M in FY2020

On file with the IRSkcsmn.org7525 Kalland Ave Ne, 55301-9690 · Otsego, MNTax-exempt since Feb 2005School — 170(b)(1)(A)(ii)

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Kaleidoscope Charter School's mission is to prepare students for tomorrow by emphasizing academic excellence and character development today.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$205K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $574K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$205K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.1M
138% of total assets
Concern: liabilities are 138% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.4M
Spent
$8.0M
To programs
92%
Net assets
−$2.8M
By yearFY2020–FY2025
Revenue
$7.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.4M
FY2021$8.2M
FY2022$7.8M
FY2023$8.6M
FY2024$10.1M
FY2025$8.7M
Expenses
$8.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.0M
FY2021$7.8M
FY2022$7.6M
FY2023$7.3M
FY2024$8.1M
FY2025$8.5M
Net assets
−$2.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.8M
FY2021−$2.3M
FY2022−$2.2M
FY2023−$997K
FY2024$1.2M
FY2025$1.6M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2005.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $7.4M Management & general 8% · $603K

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

9 people listed on the 990; $205K 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
$60,442Pt VII · Sec A
Executive Director
$55,000Pt VII · Sec A
$47,119Pt VII · Sec A
$42,448Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Brad Sellner’s $131K as Executive Director (ex-Officio) is at the 54th percentile of top reported officer pay among 3395 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brad Sellner$130,957$64,570————
Travis Okerlund———$104,335$112,110$55,000
Wendi Foss$70,029—$45,937———
Renee Suess$62,307$53,217$48,165—$46,971$47,119
Sharlet Mullen$62,307—————
Michelle Swanson————$60,625$60,442
Amy Erendu—$52,500$52,500———
Allison Jepson———$45,983$52,099—

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.

See Kaleidoscope Charter School No 4118 executive salaries →

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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 for the future through academic excellence and character building.

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Provided by the organization

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1 program · $7.4M · in their own filed words · FY2019
01

Public charter school in MN serving grades K-12.

$7.4Mprogram 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 3 funders$1K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$7.4M
Ln 12
Gifts and grantsLn 1h$7.2M
Fees for servicesLn 2g$133K
Investment incomeLn 3$6K
Money outPt IX
$8.0M
Ln 25
Programscol B$7.4M
Managementcol C$603K
Owns and owesPt X
−$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$7.3M
LiabilitiesLn 26$10.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.2M
Government grantsLn 1e$7.2M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$133K
Investment incomeLn 3$6K
Other incomeLn 4–11$2K
Total revenueLn 12$7.4M
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$179K
Other assetsLn 15$3.9M
Total assetsLn 16$7.3M
LiabilitiesLn 26$10.1M
Net assetsLn 32−$2.8M
OperationsPt I, VI
EmployeesI 5115
VolunteersI 6100
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$1.4M$2.0M
Land, buildings, equipmentLn 10c$216K$179K
Total assetsLn 16$8.3M$7.3M
LiabilitiesLn 26$10.5M$10.1M
Net assetsLn 32−$2.2M−$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$304K$184K$120K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$3.3M$3.2M$95K$0
Pension plan contributionsLn 8$282K$265K$17K$0
Other employee benefitsLn 9$460K$409K$51K$0
Payroll taxesLn 10$271K$255K$16K$0
Management feesLn 11a$173K$0$173K$0
Legal feesLn 11b$15K$0$15K$0
Accounting feesLn 11c$72K$0$72K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$352K$352K$0$0
Advertising and promotionLn 12$8K$0$8K$0
Office expensesLn 13$9K$2K$7K$0
Information technologyLn 14$86K$60K$26K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$1.5M$1.5M$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$9K$7K$2K$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$37K$37K$0$0
InsuranceLn 23$31K$31K$0$0
Other expenses (24a–d)Ln 24$1.0M$1.0M$354$0
Total functional expensesLn 25$8.0M$7.4M$603K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.7M$8.5M$129K$1.6M 990 PDF
FY2024 $10.1M$8.1M$2.0M$1.2M 990 PDF
FY2023 $8.6M$7.3M$1.3M−$997K 990 PDF
FY2022 $7.8M$7.6M$135K−$2.2M 990 PDF
FY2021 $8.2M$7.8M$477K−$2.3M 990 PDF
FY2020 Viewing $7.4M$8.0M−$592K−$2.8M 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 FY2020 990 (6 parts)
Part I · Summary $7,383,891 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,868,471$7,242,017
I-9 Program service revenuePrior year $165,721$133,336
I-10 Investment incomePrior year $7,349$6,375
I-11 Other revenuePrior year $0$2,163
I-12 Total revenuePrior year $7,041,541$7,383,891
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 $3,590,350$4,650,309
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,719,018$3,325,964
I-18 Total expensesPrior year $6,309,368$7,976,273
I-19 Revenue less expensesPrior year $732,173−$592,382
Part VI · Governance 5 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,383,891 across 12 lines filed
Lines not itemized here account for $2,163 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$7,172,992
VIII-1f All other contributions, gifts and grants$69,025
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$7,242,017
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,336 · Unrelated business $0 · Excluded from tax $0$133,336
VIII-3 Investment incomeRelated to mission $6,375 · Unrelated business $0 · Excluded from tax $0$6,375
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $141,874 · Unrelated business $0 · Excluded from tax $0$7,383,891
Part IX · Statement of functional expenses $7,976,273 across 26 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $183,864 · Management $120,272 · Fundraising $0$304,136
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $3,239,031 · Management $94,585 · Fundraising $0$3,333,616
IX-8 Pension plan contributionsPrograms $265,285 · Management $16,574 · Fundraising $0$281,859
IX-9 Other employee benefitsPrograms $408,718 · Management $51,056 · Fundraising $0$459,774
IX-10 Payroll taxesPrograms $254,549 · Management $16,375 · Fundraising $0$270,924
IX-11a Management feesPrograms $0 · Management $173,156 · Fundraising $0$173,156
IX-11b Legal feesPrograms $0 · Management $15,371 · Fundraising $0$15,371
IX-11c Accounting feesPrograms $0 · Management $72,367 · Fundraising $0$72,367
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $351,634 · Management $0 · Fundraising $0$351,634
IX-12 Advertising and promotionPrograms $0 · Management $7,811 · Fundraising $0$7,811
IX-13 Office expensesPrograms $1,741 · Management $7,339 · Fundraising $0$9,080
IX-14 Information technologyPrograms $59,866 · Management $26,125 · Fundraising $0$85,991
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $1,502,732 · Management $0 · Fundraising $0$1,502,732
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $7,269 · Management $2,095 · Fundraising $0$9,364
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $36,945 · Management $0 · Fundraising $0$36,945
IX-23 InsurancePrograms $31,237 · Management $0 · Fundraising $0$31,237
IX-24 Other expenses (24a–d)Programs $1,029,922 · Management $354 · Fundraising $0$1,030,276
IX-25 Total functional expensesPrograms $7,372,793 · Management $603,480 · Fundraising $0$7,976,273
Part X · Balance sheet $7,320,825 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,360,086$1,958,068
X-3 Pledges and grants receivableStart of year $821,590$1,158,742
X-4 Accounts receivableStart of year $37,745$55,341
X-9 Prepaid expenses and deferred chargesStart of year $66,022$76,457
X-10c Land, buildings and equipment, netStart of year $216,159$179,213
X-15 Other assetsStart of year $5,757,831$3,893,004
X-16 Total assetsStart of year $8,259,433$7,320,825
X-17 Accounts payable and accrued expensesStart of year $530,769$526,454
X-24 Unsecured notes and loans payable$862,200
X-25 Other liabilitiesStart of year $9,933,183$8,729,072
X-26 Total liabilitiesStart of year $10,463,952$10,117,726
X-32 Total net assets or fund balancesStart of year −$2,204,519−$2,796,901
X-33 Total liabilities and net assetsStart of year $8,259,433$7,320,825
Part XI · Reconciliation of net assets −$2,796,901 net assets at year end
XI-1 Total revenue$7,383,891
XI-2 Total expenses$7,976,273
XI-3 Revenue less expenses−$592,382
XI-4 Net assets at start of year−$2,204,519
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−$2,796,901

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

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