Great MN Schools FY2021 filing

Tax-deductible

Minneapolis, MN501(c)(3)EducationEIN 81-1733895Revenue $4.1M in FY2021

On file with the IRSgreatmnschools.org901 N 3rd St Ste 350, 55401-1048 · Minneapolis, MNTax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Makes strategic investments in proven and promising Schools, providing the expert guidance, funding resources to create a community of Great Schools.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$279K 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

FY2021 · 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
2 of 5
filings with a surplus
Average deficit $40K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$279K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% 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
17
named funders · $8.5M
Looks good: 17 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$562K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
+6% vs prior year
Spent
$4.1M
To programs
86%
Net assets
$774K
By yearFY2020–FY2025
Revenue
$4.1M
FY2021▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$4.1M
FY2023$5.2M
FY2024$5.9M
FY2025$5.3M
Expenses
$4.1M
FY2021-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$4.1M
FY2023$4.8M
FY2024$5.7M
FY2025$5.8M
Net assets
$774K
FY2021▲ +334%
Tap a bar for its year
Net assets by fiscal year
FY2020$178K
FY2021$774K
FY2023$59K
FY2024$532K
FY2025$47K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 2016.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $3.5M Management & general 7% · $275K Fundraising 7% · $277K

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

18 people listed on the 990; $279K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$278,555Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jennifer Stern’s $329K as Executive Director is at the 97th 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

NameFY2025FY2024FY2023FY2021FY2020
Jennifer Stern$329,193$295,110$268,920$278,555$244,311
Sheilah Kavaney$183,107$156,384$141,075——
Karn Engelsgjerd$172,193$160,275$136,465——
Kyle Parsons$166,853$147,861———
Melissa Long$159,199$146,481$133,935——
Morgan Brown$155,195—$129,880——
Osman Ahmed——$117,125——
Al Fan————$6,026

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

Invests in schools, providing guidance and funding to create great learning communities.

Questions for Great MN Schools

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2020
01

Great MN schools core strategies include the expansion of high performing schools, helping high-potential schools improve, and supporting the transformation of struggling schools in partnership with school communities.

$3.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 91 grants · $5.4M · 2019–2024
Hennepin SchoolsMN · FY2024$110,000
Global AcademyMN · FY2024$62,100
Lead the Way MNMN · FY2024$50,000
Centro Tyrone GuzmanMN · FY2024$47,500
Way to GrowMN · FY2024$30,000
Pillsbury United CommunitiesMN · FY2024$30,000
MN Zej ZogMN · FY2024$30,000
Education EvolvingMN · FY2024$30,000
Ed AlliesMN · FY2024$30,000
Northside Achievement ZoneMN · FY2024$25,000
New City SchoolMN · FY2024$25,000
Educators for Excellence INCNY · FY2024$25,000
See all 91 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$3.9M
Other incomeLn 4–11$209K
Investment incomeLn 3$125
Money outPt IX
$4.1M
Ln 25
Programscol B$3.5M
Managementcol C$275K
Fundraisingcol D$277K
Owns and owesPt X
$774K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$562K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$125
Other incomeLn 4–11$209K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$1.3M
LiabilitiesLn 26$562K
Net assetsLn 32$774K
OperationsPt I, VI
EmployeesI 512
VolunteersI 625
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 FY21End FY21
Cash and savingsLn 1–2$1.4M$1.3M
Land, buildings, equipmentLn 10c$3K$4K
Total assetsLn 16$1.5M$1.3M
LiabilitiesLn 26$1.3M$562K
Net assetsLn 32$178K$774K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$265K$106K$53K$106K
Other salaries and wagesLn 7$849K$646K$80K$123K
Pension plan contributionsLn 8$25K$19K$2K$4K
Other employee benefitsLn 9$73K$51K$8K$14K
Payroll taxesLn 10$73K$49K$9K$15K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$32K$28K$3K
Advertising and promotionLn 12$148K$148K
Office expensesLn 13$25K$15K$6K$4K
Information technologyLn 14$2K$2K$385
OccupancyLn 16$37K$25K$4K$7K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1.2M$1.1M$29K
All other expensesLn 24e$16K$4K$13K
Total functional expensesLn 25$4.1M$3.5M$275K$277K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.3M$5.8M−$485K$47K 990 PDF
FY2024 $5.9M$5.7M$239K$532K 990 PDF
FY2023 $5.2M$4.8M$313K$59K 990 PDF
FY2022 Not on file
FY2021 Viewing $4.1M$4.1M−$4K$774K 990 PDF
FY2020 $3.8M$4.1M−$261K$178K 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 FY2021 990 (6 parts)
Part I · Summary $4,065,568 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,798,770$3,856,543
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$125
I-11 Other revenuePrior year $25,619$208,900
I-12 Total revenuePrior year $3,824,389$4,065,568
I-13 Grants and similar amounts paidPrior year $1,543,500$1,300,955
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,143,886$1,285,752
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,397,939$1,483,279
I-18 Total expensesPrior year $4,085,325$4,069,986
I-19 Revenue less expensesPrior year −$260,936−$4,418
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $4,065,568 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,856,543
VIII-1h Total contributions, gifts and grants$3,856,543
VIII-3 Investment incomeExcluded from tax $125$125
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $208,900$208,900
VIII-12 Total revenueRelated to mission $208,900 · Unrelated business $0 · Excluded from tax $125$4,065,568
Part IX · Statement of functional expenses $4,069,986 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,300,955$1,300,955
IX-5 Pay of current officers, directors and key staffPrograms $106,059 · Management $53,030 · Fundraising $106,059$265,148
IX-7 Other salaries and wagesPrograms $646,372 · Management $79,838 · Fundraising $122,893$849,103
IX-8 Pension plan contributionsPrograms $19,391 · Management $2,395 · Fundraising $3,687$25,473
IX-9 Other employee benefitsPrograms $50,524 · Management $8,403 · Fundraising $14,258$73,185
IX-10 Payroll taxesPrograms $49,387 · Management $8,628 · Fundraising $14,828$72,843
IX-11b Legal feesManagement $9,233$9,233
IX-11c Accounting feesManagement $27,851$27,851
IX-11g Other fees for servicesManagement $28,376 · Fundraising $3,203$31,579
IX-12 Advertising and promotionPrograms $148,200$148,200
IX-13 Office expensesPrograms $14,605 · Management $6,102 · Fundraising $4,384$25,091
IX-14 Information technologyPrograms $1,540 · Management $385$1,925
IX-16 OccupancyPrograms $24,776 · Management $4,328 · Fundraising $7,439$36,543
IX-19 Conferences, conventions and meetingsPrograms $3,555$3,555
IX-22 Depreciation, depletion and amortizationManagement $2,103$2,103
IX-23 InsuranceManagement $2,677$2,677
IX-24 Other expenses (24a–d)Programs $1,149,200 · Management $29,014$1,178,214
IX-24e All other expensesPrograms $3,664 · Management $12,644$16,308
IX-25 Total functional expensesPrograms $3,518,228 · Management $275,007 · Fundraising $276,751$4,069,986
Part X · Balance sheet $1,335,864 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,447,044$1,251,790
X-4 Accounts receivableStart of year $3,613$52,773
X-9 Prepaid expenses and deferred chargesStart of year $13,479$27,197
X-10c Land, buildings and equipment, netStart of year $3,202$4,104
X-16 Total assetsStart of year $1,467,338$1,335,864
X-17 Accounts payable and accrued expensesStart of year $93,764$99,342
X-18 Grants payableStart of year $971,000$462,610
X-19 Deferred revenueStart of year $3,073$0
X-25 Other liabilitiesStart of year $12,271$0
X-26 Total liabilitiesStart of year $1,289,008$561,952
X-27 Net assets without donor restrictionsStart of year $178,330$773,912
X-32 Total net assets or fund balancesStart of year $178,330$773,912
X-33 Total liabilities and net assetsStart of year $1,467,338$1,335,864
Part XI · Reconciliation of net assets $773,912 net assets at year end
XI-1 Total revenue$4,065,568
XI-2 Total expenses$4,069,986
XI-3 Revenue less expenses−$4,418
XI-4 Net assets at start of year$178,330
XI-8 Prior period adjustments$600,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$773,912

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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