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Cannon River Stem School FY2023 filing

Tax-deductible

Faribault, MN501(c)(3)Since 2008Education EIN 90-0411789Revenue $3.5M in FY2023

On file with the IRScannonriverstemschool.org1800 14th St Ne, 55021-2508 · Faribault, MNTax-exempt since Jul 2009School — 170(b)(1)(A)(ii)

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A k-8 public charter School with an emphasis on science, technology, engineering, and math.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$200K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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 6
filings with a surplus
Average surplus $137K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 2 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
$200K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $68
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.9M
152% of total assets
Concern: liabilities are 152% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 8 voting members
Fine: 4 of 8 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
-26% vs prior year
Spent
$4.5M
To programs
89%
Net assets
−$2.0M
By yearFY2020–FY2025
Revenue
$3.5M
FY2023▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.9M
FY2021$3.9M
FY2022$4.8M
FY2023$3.5M
FY2024$4.2M
FY2025$6.1M
Expenses
$4.5M
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.9M
FY2021$4.4M
FY2022$4.6M
FY2023$4.5M
FY2024$4.3M
FY2025$3.8M
Net assets
−$2.0M
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020−$866K
FY2021−$1.6M
FY2022−$1.5M
FY2023−$2.0M
FY2024−$2.2M
FY2025$143K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jul 2009.

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% · $4.0M Management & general 11% · $497K

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

8 people listed on the 990; $200K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Stacey Sandler
Vice-Chair/Teacher
$57,090Pt VII · Sec A
Sheila Sawyer
Director/Teacher
$52,256Pt VII · Sec A
Sarah Busch
Director/Teacher
$47,521Pt VII · Sec A
Casandra Neymeyer
Director/Teacher
$43,422Pt VII · Sec A
$0Pt VII · Sec A
Diane Larson
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Cross
Board Chair
$0Pt VII · Sec A

Sheila Sawyer’s $53K as Vice Chair Secretary is at the 8th 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 · 7 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Cheryl Wendt————$90,000
Stacey Sandler—$57,090$47,812$42,287—
Sheila Sawyer$53,499$52,256———
Sarah Busch—$47,521———
Casandra Neymeyer$30,975$43,422———
Angela Rosendahl————$42,811
Danielle Koch——$14,523$14,183—

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 K-8 students with a strong focus on science, technology, engineering, and math.

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Provided by the organization

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1 program · $4.0M · in their own filed words · FY2022
01

Education

To provide an education to students in grades k-8. During the past fiscal year the school has organized a quality program that supported 270 students.

$4.0Mprogram 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
Amazonsmile FoundationFY2023$68
Total grants receivedfrom 1 funder$68

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$39K
Other incomeLn 4–11$3K
Money outPt IX
$4.5M
Ln 25
Programscol B$4.0M
Managementcol C$497K
Owns and owesPt X
−$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$3.9M
LiabilitiesLn 26$5.9M
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$3.4M
Fees for servicesLn 2g$39K
Other incomeLn 4–11$3K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$187K
Cash and savings togetherLn 1–2$187K
Land, buildings, equipmentLn 10c$159K
Other assetsLn 15$2.8M
Total assetsLn 16$3.9M
LiabilitiesLn 26$5.9M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 573
VolunteersI 650
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 FY23End FY23
Cash and savingsLn 1–2$822K$187K
Land, buildings, equipmentLn 10c$173K$159K
Total assetsLn 16$3.3M$3.9M
LiabilitiesLn 26$4.8M$5.9M
Net assetsLn 32−$1.5M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$302K$302K
Other salaries and wagesLn 7$2.1M$2.0M$133K
Pension plan contributionsLn 8$183K$173K$10K
Other employee benefitsLn 9$154K$137K$18K
Payroll taxesLn 10$193K$183K$10K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$519K$324K$195K
Office expensesLn 13$268K$206K$62K
OccupancyLn 16$405K$405K
TravelLn 17$42K$42K
Conferences, conventions and meetingsLn 19$11K$11K
InterestLn 20$37K$37K
Depreciation, depletion and amortizationLn 22$233K$211K$22K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$34K$2K$32K
Total functional expensesLn 25$4.5M$4.0M$497K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.1M$3.8M$2.3M$143K 990 PDF
FY2024 $4.2M$4.3M−$151K−$2.2M 990 PDF
FY2023 Viewing $3.5M$4.5M−$999K−$2.0M 990 PDF
FY2022 $4.8M$4.6M$174K−$1.5M 990 PDF
FY2021 $3.9M$4.4M−$473K−$1.6M 990 PDF
FY2020 $3.9M$3.9M−$25K−$866K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $3,538,142 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,800,991$3,496,150
I-9 Program service revenuePrior year $3,509$38,700
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$3,292
I-12 Total revenuePrior year $4,804,500$3,538,142
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 $2,969,820$2,959,215
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,661,155$1,577,835
I-18 Total expensesPrior year $4,630,975$4,537,050
I-19 Revenue less expensesPrior year $173,525−$998,908
Part VI · Governance 4 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members4
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 $3,538,142 across 5 lines filed
Lines not itemized here account for $3,292 of total revenue; see the IRS return.
VIII-1e Government grants$3,439,518
VIII-1f All other contributions, gifts and grants$56,632
VIII-1h Total contributions, gifts and grants$3,496,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,700$38,700
VIII-12 Total revenueRelated to mission $38,700 · Unrelated business $0 · Excluded from tax $3,292$3,538,142
Part IX · Statement of functional expenses $4,537,050 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $301,634$301,634
IX-7 Other salaries and wagesPrograms $1,994,140 · Management $133,144$2,127,284
IX-8 Pension plan contributionsPrograms $172,882 · Management $9,988$182,870
IX-9 Other employee benefitsPrograms $136,749 · Management $17,613$154,362
IX-10 Payroll taxesPrograms $183,191 · Management $9,874$193,065
IX-11b Legal feesManagement $3,946$3,946
IX-11c Accounting feesManagement $11,555$11,555
IX-11g Other fees for servicesPrograms $324,209 · Management $194,869$519,078
IX-13 Office expensesPrograms $205,841 · Management $62,381$268,222
IX-16 OccupancyPrograms $405,063$405,063
IX-17 TravelPrograms $42,142$42,142
IX-19 Conferences, conventions and meetingsPrograms $10,589$10,589
IX-20 InterestPrograms $36,771$36,771
IX-22 Depreciation, depletion and amortizationPrograms $210,914 · Management $21,650$232,564
IX-23 InsurancePrograms $14,049$14,049
IX-24 Other expenses (24a–d)Programs $2,163 · Management $31,693$33,856
IX-25 Total functional expensesPrograms $4,040,337 · Management $496,713 · Fundraising $0$4,537,050
Part X · Balance sheet $3,869,885 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $822,115$186,764
X-4 Accounts receivableStart of year $794,777$718,631
X-9 Prepaid expenses and deferred chargesStart of year $101,049$2,650
X-10c Land, buildings and equipment, netStart of year $173,369$159,074
X-15 Other assetsStart of year $1,401,844$2,802,766
X-16 Total assetsStart of year $3,293,154$3,869,885
X-17 Accounts payable and accrued expensesStart of year $418,112$1,091,499
X-25 Other liabilitiesStart of year $4,361,096$4,781,758
X-26 Total liabilitiesStart of year $4,779,208$5,873,257
X-32 Total net assets or fund balancesStart of year −$1,486,054−$2,003,372
X-33 Total liabilities and net assetsStart of year $3,293,154$3,869,885
Part XI · Reconciliation of net assets −$2,003,372 net assets at year end
XI-1 Total revenue$3,538,142
XI-2 Total expenses$4,537,050
XI-3 Revenue less expenses−$998,908
XI-4 Net assets at start of year−$1,486,054
XI-8 Prior period adjustments$9,892
XI-9 Other changes in net assets$471,698
XI-10 Net assets at end of year−$2,003,372

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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