Kaleidoscope Charter School No 4118 FY2024 filing

Tax-deductible

Otsego, MN501(c)(3)Since 2002EducationEIN 73-1663207Revenue $10.1M in FY2024

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

Tell your story. Claim this org

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.
89¢ of each $1 spent went to programs.
$269K 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
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
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
$269K
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
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
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
$5.2M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 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
+18% vs prior year
Spent
$8.1M
To programs
89%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$10.1M
FY2024▲ +18%
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
$8.1M
FY2024▲ +10%
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
$1.2M
FY2024▲ +216%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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

89 cents of each dollar spent went to programs.

Program services 89% · $7.2M Management & general 11% · $869K

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

Something off? Claim to fix it

Who runs it and what they're paid

12 people listed on the 990; $269K 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
Executive Director
$64,570Pt VII · Sec A
Treasurer (part-Year)/Teacher
$53,217Pt VII · Sec A
Ex Executive Director
$52,500Pt VII · Sec A
Treasurer (part-Year)/Teacher
$51,918Pt VII · Sec A
Board Member/Teacher
$46,928Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Kaleidoscope Charter School No 4118

Tap to ask. Kaleidoscope Charter School No 4118 sees how many people are interested.

Your first name shows with your question. Kaleidoscope Charter School No 4118 answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $7.2M · in their own filed words · FY2023
01

Public charter school in MN serving grades K-12 with a total of 478 students.

$7.2Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$10.1M
Ln 12
Gifts and grantsLn 1h$8.9M
Other incomeLn 4–11$1.0M
Investment incomeLn 3$122K
Money outPt IX
$8.1M
Ln 25
Programscol B$7.2M
Managementcol C$869K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$6.4M
LiabilitiesLn 26$5.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.9M
Government grantsLn 1e$7.3M
Fees for servicesLn 2g$64K
Investment incomeLn 3$122K
Other incomeLn 4–11$1.0M
Gains on assetsLn 7$1K
Total revenueLn 12$10.1M
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.3M
Land, buildings, equipmentLn 10c$170K
Other assetsLn 15$1.7M
Total assetsLn 16$6.4M
LiabilitiesLn 26$5.2M
Net assetsLn 32$1.2M
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 FY24End FY24
Cash and savingsLn 1–2$2.2M$3.3M
Land, buildings, equipmentLn 10c$24K$170K
Total assetsLn 16$5.5M$6.4M
LiabilitiesLn 26$6.5M$5.2M
Net assetsLn 32−$997K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$317K$298K$19K
Other salaries and wagesLn 7$3.6M$3.4M$195K
Pension plan contributionsLn 8$376K$345K$31K
Other employee benefitsLn 9$450K$407K$43K
Payroll taxesLn 10$287K$272K$15K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$104K$104K
Other fees for servicesLn 11g$941K$655K$286K
Office expensesLn 13$288K$224K$63K
Information technologyLn 14$129K$96K$33K
OccupancyLn 16$1.2M$1.2M$491
TravelLn 17$27K$21K$6K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$55K$55K
Other expenses (24a–d)Ln 24$203K$148K$55K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$8.1M$7.2M$869K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.7M$8.5M$129K$1.6M 990 PDF
FY2024 Viewing $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 $7.4M$8.0M−$592K−$2.8M 990 PDF

More to add? Claim this org

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 (6 parts)
Part I · Summary $10,113,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,574,345$8,900,630
I-9 Program service revenuePrior year $163,461$63,987
I-10 Investment incomePrior year $17,754$122,012
I-11 Other revenuePrior year $816,674$1,026,731
I-12 Total revenuePrior year $8,572,234$10,113,360
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 $4,669,082$5,050,017
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,643,386$3,027,490
I-18 Total expensesPrior year $7,312,468$8,077,507
I-19 Revenue less expensesPrior year $1,259,766$2,035,853
Part VI · Governance 6 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
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 $10,113,360 across 8 lines filed
VIII-1e Government grants$7,272,139
VIII-1f All other contributions, gifts and grants$1,628,491
VIII-1h Total contributions, gifts and grants$8,900,630
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,987$63,987
VIII-3 Investment incomeExcluded from tax $120,618$120,618
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,394$1,394
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,026,731$1,026,731
VIII-12 Total revenueRelated to mission $63,987 · Unrelated business $0 · Excluded from tax $1,148,743$10,113,360
Part IX · Statement of functional expenses $8,077,507 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $298,022 · Management $19,217$317,239
IX-7 Other salaries and wagesPrograms $3,425,181 · Management $194,583$3,619,764
IX-8 Pension plan contributionsPrograms $344,748 · Management $31,370$376,118
IX-9 Other employee benefitsPrograms $406,955 · Management $42,991$449,946
IX-10 Payroll taxesPrograms $271,590 · Management $15,360$286,950
IX-11b Legal feesManagement $6,203$6,203
IX-11c Accounting feesManagement $103,868$103,868
IX-11g Other fees for servicesPrograms $654,862 · Management $286,211$941,073
IX-13 Office expensesPrograms $224,327 · Management $63,497$287,824
IX-14 Information technologyPrograms $95,790 · Management $33,043$128,833
IX-16 OccupancyPrograms $1,231,885 · Management $491$1,232,376
IX-17 TravelPrograms $21,369 · Management $5,656$27,025
IX-20 InterestManagement $5,584$5,584
IX-22 Depreciation, depletion and amortizationPrograms $31,100$31,100
IX-23 InsurancePrograms $54,536$54,536
IX-24 Other expenses (24a–d)Programs $148,017 · Management $54,891$202,908
IX-24e All other expensesManagement $6,160$6,160
IX-25 Total functional expensesPrograms $7,208,382 · Management $869,125 · Fundraising $0$8,077,507
Part X · Balance sheet $6,390,549 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $227,189$53,173
X-2 Savings and temporary cash investmentsStart of year $1,950,251$3,293,165
X-3 Pledges and grants receivableStart of year $1,323,876$881,394
X-9 Prepaid expenses and deferred chargesStart of year $163,188$314,381
X-10c Land, buildings and equipment, netStart of year $23,706$170,345
X-15 Other assetsStart of year $1,802,448$1,678,091
X-16 Total assetsStart of year $5,490,658$6,390,549
X-17 Accounts payable and accrued expensesStart of year $601,121$503,379
X-25 Other liabilitiesStart of year $5,886,638$4,729,516
X-26 Total liabilitiesStart of year $6,487,759$5,232,895
X-27 Net assets without donor restrictionsStart of year −$1,160,178$919,610
X-28 Net assets with donor restrictionsStart of year $163,077$238,044
X-32 Total net assets or fund balancesStart of year −$997,101$1,157,654
X-33 Total liabilities and net assetsStart of year $5,490,658$6,390,549
Part XI · Reconciliation of net assets $1,157,654 net assets at year end
XI-1 Total revenue$10,113,360
XI-2 Total expenses$8,077,507
XI-3 Revenue less expenses$2,035,853
XI-4 Net assets at start of year−$997,101
XI-8 Prior period adjustments$118,902
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,157,654

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.