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Minneapolis College Preparatory School

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Details

According to its June 2016 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$1.52M (2016)

Expenses
$1.73M (2016)

Total Assets
$316k (2016)

Total Liabilities
$843k (2016)

Source: Form 990 tax filings from 2012 to 2016

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,521,922
Expenses
$1,728,326
Net Income
-$206,404
Net Assets
-$527,512
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,515,846
99.6%
Program Services $4,486
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,590
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $59,108
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $566,602
32.8%
Assets/Debt
Total Assets $315,717
Total Liabilities $843,229
Net Assets -$527,512
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Teresa Gloppen (Member) $52,394 $0 $7,280
Russell Mosley (Board Chair) $0 $0 $0
Susan Doherty (Vice Chair) $0 $0 $0
Phyllis Saltzman (Secretary) $0 $0 $0
Bruce Gisi (Treasurer) $0 $0 $0
Eric Molho (Member) $0 $0 $0
Joseph Fitzpatrick (Member) $0 $0 $0
Rob Peick (Member) $0 $0 $0
Cassandra Davis (Member) $0 $0 $0
Rosia Balch (Member) $0 $0 $0
Keith Dixon (Executive Dir.) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,605,373
Expenses
$1,543,602
Net Income
$61,771
Net Assets
-$321,108
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,599,797
99.7%
Program Services $5,576
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $167,849
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $487,453
31.6%
Assets/Debt
Total Assets $451,489
Total Liabilities $772,597
Net Assets -$321,108
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
James Barnett (Principal) $94,949 $0 $10,278
Teresa Gloppen (Member) $46,536 $0 $6,508
Russell Mosley (Board Chair) $0 $0 $0
Susan Doherty (Vice Chair) $0 $0 $0
Phyllis Saltzman (Secretary) $0 $0 $0
Bruce Gisi (Treasurer) $0 $0 $0
Rosita Balch (Member) $0 $0 $0
Cassandra Davis (Member) $0 $0 $0
Rob Peick (Member) $0 $0 $0
Walter Novillo (Member) $0 $0 $0
Loretta Collins (Member) $0 $0 $0
Pal Yang (Member) $0 $0 $0
Ben Tierney (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,514,346
Expenses
$1,306,773
Net Income
$207,573
Net Assets
$108,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,510,092
99.7%
Program Services $4,141
0.3%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $103
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $104,610
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $532,315
40.7%
Assets/Debt
Total Assets $309,204
Total Liabilities $200,320
Net Assets $108,884
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
James Barnett (Principal) $49,223 $0 $4,957
Russell Mosley (Board Chair) $0 $0 $0
Susan Doherty (Vice Chair) $0 $0 $0
Phyllis Saltzman (Secretary) $0 $0 $0
Susan Vaughan Fier (Treasurer) $0 $0 $0
Rosita Balch (Member) $0 $0 $0
Walter Novillo (Member) $0 $0 $0
Loretta Collins (Member) $0 $0 $0
Pal Yang (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$900,131
Expenses
$1,088,440
Net Income
-$188,309
Net Assets
-$98,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $893,652
99.3%
Program Services $5,080
0.6%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,398
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,334
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $421,690
38.7%
Assets/Debt
Total Assets $200,309
Total Liabilities $298,998
Net Assets -$98,689

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$353,094
Expenses
$263,467
Net Income
$89,627
Net Assets
$89,620
Notable Sources of Revenue Percent of Total Revenue
Contributions $353,075
100.0%
Program Services $0
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $73,441
27.9%
Professional Fundraising Fees $0
Other Salaries and Wages $27,792
10.5%
Assets/Debt
Total Assets $155,814
Total Liabilities $66,194
Net Assets $89,620

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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