Cause IQ organization profile

Minnesota Transitions Charter School (MTCS)

MTCS is a charter school based in Minneapolis, MN that was founded in 1995. As of 2018 they had $42 million in revenue and $26 million in assets.

Minnesota Transitions Charter School is a K-12 academic community. In 1995, they began with one school, the Minnesota Transition Charter School, and have since grown into a collaboration of nine learning options.

EIN:

41-1823173

City:

Minneapolis

State:

Minnesota

Website:

mtcs.org

Phone:

612-722-9013

Facebook:

facebook.com/1MTCS

Twitter:

@1mtcs

Founded:

1995

Type:

501(c)(3)

NTEE:

B29: Charter schools

Revenue:

$42,091,056

Assets:

$26,056,726

Employees:

329

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at MTCS

Mn transitions charter school offers a learning environment emphasizing small classes in a small school as well as strong career training and academic preparation.

Form 990s for MTCS

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jun 19, 2019	990	View PDF
2017-06	Jun 14, 2018	990	View PDF
2016-06	Aug 10, 2017	990	View PDF
2015-06	Jul 12, 2016	990	View PDF
2014-06	Mar 3, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for MTCS

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$42,000,541	$37,429,689	12.2%
Normal grants, contributions, etc.	$12,306	$166,847	-92.6%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$42,012,847	$37,596,536	11.7%

Field	2018	2017	% Change
Total grants, contributions, etc.	$42,012,847	$37,596,536	11.7%
Program services	$68,028	$126,279	-46.1%
Investment income and dividends	$10,181	$519	1861.7%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$42,091,056	$37,723,334	11.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$683,455	$514,004	33.0%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$8,551,215	$7,120,504	20.1%
Pension/retirement accruals and contributions	$566,051	$4,401,812	-87.1%
Other employee benefits	$4,463,827	$1,307,491	241.4%
Payroll taxes	$678,073	$565,856	19.8%
Management fees	$0	$0
Legal fees	$0	$0
Accounting fees	$0	$0
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$19,096,112	$18,109,725	5.4%
Advertising and promotion	$0	$0
Office expenses	$21,255	$20,358	4.4%
Information tech. expenses	$506,682	$209,350	142.0%
Royalty expenses	$0	$0
Occupancy	$5,223,698	$4,886,353	6.9%
Travel	$135,664	$79,223	71.2%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$8,467	$3,541	139.1%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$37,803	$30,698	23.1%
Insurance	$196,906	$143,127	37.6%
All other expenses	$3,415,676	$3,318,021	2.9%
Total expenses	$43,584,884	$40,710,063	7.1%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$1,855,662	$2,273,599	-18.4%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$9,364,544	$7,380,879	26.9%
Accounts receivable	$28,374	$139,064	-79.6%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$635,374	$731,812	-13.2%
Buildings, equipment, etc. post-depreciation	$249,903	$105,611	136.6%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$13,922,869	$18,971,665	-26.6%
Total assets	$26,056,726	$29,602,630	-12.0%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$10,221,667	$10,145,170	0.8%
Grants payable	$0	$0
Deferred revenue	$0	$5,303	-100%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$106,985	$36,043	196.8%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$29,783,385	$31,977,597	-6.9%
Total liabilities	$40,112,037	$42,164,113	-4.9%

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for MTCS

Vendor	Services	Amount paid	Date
PayPal	Fundraising software; Payment processing		2020-06-27
█████████	Content management system software		2020-06-27
█████████ ██████ ███ ██ █████ ██	Tax accounting; Audit accounting		2020-01-02
█████████ ███	Business Officer Services	$289,645	2018-06-01
█████ ███████████	Technology Services	$547,636	2018-06-01
███████████ █████████ ███	Educational Services	$18,902,397	2018-06-01
█████████ ██████████████	Transportation Services	$1,635,078	2018-06-01
█████ ███	Food Service Catering	$541,528	2018-06-01
...and one more vendors

Personnel at MTCS

Name	Title	Compensation	Most recent data
Schultz, Tami	Chief Academic and Compliance Officer	-	Aug. 10, 2019
Fondow, Shawn	MTS Secondary Principal	-	Aug. 10, 2019
█████ █████	Director of Marketing and Communications	-	Aug. 10, 2019
███████ ████	Director of Human Resources	-	Nov. 12, 2017
█████████ █████	Director of Special Education	-	Aug. 10, 2019
██████ █████	Athletic and Activities Director	-	Aug. 10, 2019
██████ ████	Director of MN Virtual	-	Nov. 12, 2017
██████ ███████	Director of Connections	-	Aug. 10, 2019
█████████ ███	Assistant Director	-	Aug. 10, 2019
██████ ██████	Financial Manager	-	Jan. 8, 2018
...and 17 more key personnel

Peer charter schools

	Name	Type	Revenue	Location
1	Prairie Seeds Academy (PSA)	501(c)(3)	$10 million	Brooklyn Park, MN
2	Hmong College Prep Academy (HCPA)	501(c)(3)	$27 million	St Paul, MN
3	St Croix Preparatory Academy	501(c)(3)	$12 million	Stillwater, MN
4	Seven Hills Preparatory Academy (SHPA)	501(c)(3)	$10 million	Bloomington, MN
5	Nova Classical Academy	501(c)(3)	$10 million	St Paul, MN
6	Athlos Leadership Academy	501(c)(3)	$12 million	Brooklyn Park, MN
7	Community School of Excellence (CSE)	501(c)(3)	$15 million	St Paul, MN
8	Eagle Ridge Academy	501(c)(3)	$15 million	Minnetonka, MN
9	Lionsgate Academy	501(c)(3)	$12 million	Minnetonka, MN
10	Lakes International Language Academy (LILA)	501(c)(3)	$11 million	Forest Lake, MN
11	Great Oaks Legacy Charter School	501(c)(3)	$24 million	Newark, NJ
12	Freedom Prep Charter School	501(c)(3)	$16 million	Camden, NJ
13	Avon Grove Charter School (AGCS)	501(c)(3)	$24 million	West Grove, PA
14	DC Scholars Public Charter School	501(c)(3)	$11 million	Washington, DC
15	Bromley East Charter School	501(c)(3)	$10 million	Brighton, CO
16	Kipp DC Arts and Technology Academy	501(c)(3)	$11 million	Washington, DC
17	Youthbuild Charter School of California	501(c)(3)	$13 million	Los Angeles, CA
18	Washington Latin Public Charter School (WLPCS)	501(c)(3)	$13 million	Washington, DC
19	Somerset Virtual Academy	501(c)(3)	$195 million	Miami, FL
20	Uncommon New York City Charter Schools	501(c)(3)	$138 million	Brooklyn, NY
21	South Louisiana Charter Foundation	501(c)(3)	$11 million	Baton Rouge, LA
22	York Preparatory Academy	501(c)(3)	$14 million	Rock Hill, SC
23	Responsive Education Solutions	501(c)(3)	$187 million	Lewisville, TX
24	Baker Charter Schools Organization	501(c)(3)	$15 million	Baker City, OR
25	Amber Charter School	501(c)(3)	$13 million	New York, NY

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Cause IQ organization profile

Minnesota Transitions Charter School (MTCS)

Program areas at MTCS

Form 990s for MTCS

Financials for MTCS

Vendors for MTCS

Personnel at MTCS

Peer charter schools

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