GOLD2024

Great MN Schools

Every child deserves a great school that meets their needs.

Minneapolis, MN   |  https://greatmnschools.org/
GuideStar Charity Check

Great MN Schools

EIN: 81-1733895


Mission

Ensure every child attends a great school that prepares them to thrive in their lives, career, and community.

Ruling year info

2016

Principal Officer

Jennifer Stern

Main address

729 N. Washington Ave. Suite 600

Minneapolis, MN 55401 USA

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EIN

81-1733895

Subject area info

Educational management

Elementary and secondary education

Education services

Population served info

Children

Parents

Ethnic and racial groups

Low-income people

Students

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NTEE code info

Educational Services and Schools - Other (B90)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Good to Great Cohort

We invest in the success of high potential schools, working alongside a schools leadership team to create and implement customized improvement plans that reflects the communities needs.

Population(s) Served

Where we work

Financials

Great MN Schools
Fiscal year: Jul 01 - Jun 30
Financial documents
2023 Great MN Schools
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

1.04

Average of 1.60 over 8 years

Months of cash in 2023 info

SOURCE: IRS Form 990

1

Average of 3.5 over 8 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

14%

Average of 12% over 8 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Great MN Schools

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Great MN Schools

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Great MN Schools

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Great MN Schools’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $10,192 -$258,885 $597,685 -$1,149,488 $437,915
As % of expenses 0.4% -6.3% 14.7% -24.1% 9.1%
Unrestricted surplus (deficit) after depreciation $5,470 -$263,334 $595,582 -$1,151,753 $436,493
As % of expenses 0.2% -6.4% 14.6% -24.1% 9.0%
Revenue composition info
Total revenue (unrestricted & restricted) $2,364,639 $3,824,389 $4,065,568 $3,619,260 $5,152,626
Total revenue, % change over prior year 36.4% 61.7% 6.3% -11.0% 42.4%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 98.0% 99.3% 94.9% 100.0% 100.0%
Other revenue 2.0% 0.7% 5.1% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $2,354,447 $4,080,876 $4,067,883 $4,768,748 $4,837,711
Total expenses, % change over prior year 64.5% 73.3% -0.3% 17.2% 1.4%
Personnel 30.6% 28.0% 31.6% 31.7% 33.4%
Professional fees 0.5% 1.1% 1.7% 1.5% 5.3%
Occupancy 1.7% 1.4% 0.9% 0.8% 1.1%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 64.9% 37.8% 32.0% 26.4% 12.6%
All other expenses 2.3% 31.7% 33.8% 39.6% 47.6%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $2,359,169 $4,085,325 $4,069,986 $4,771,013 $4,839,133
One month of savings $196,204 $340,073 $338,990 $397,396 $403,143
Debt principal payment $0 $0 $208,900 $0 $0
Fixed asset additions $0 $0 $3,005 $0 $0
Total full costs (estimated) $2,555,373 $4,425,398 $4,620,881 $5,168,409 $5,242,276

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 6.4 4.3 3.7 1.0 1.0
Months of cash and investments 6.4 4.3 3.7 1.0 1.0
Months of estimated liquid unrestricted net assets 2.2 0.5 2.3 -1.0 0.1
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $1,248,218 $1,447,044 $1,251,790 $394,288 $392,321
Investments $0 $0 $0 $0 $0
Receivables $30,171 $3,613 $52,773 $0 $0
Gross land, buildings, equipment (LBE) $14,932 $17,956 $7,561 $6,029 $3,005
Accumulated depreciation (as a % of LBE) 69.0% 82.2% 45.7% 69.5% 86.1%
Liabilities (as a % of assets) 65.8% 87.8% 42.1% 191.7% 86.5%
Unrestricted net assets $441,664 $178,330 $773,912 -$377,841 $58,652
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $441,664 $178,330 $773,912 -$377,841 $58,652

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Jennifer Stern

Number of employees

Source: IRS Form 990

Great MN Schools

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Great MN Schools

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Great MN Schools

Board of directors
as of 04/02/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Alberto Monserrate

Organizational demographics

SOURCE: Self-reported; last updated 4/2/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data