Math & Science Academy
Nonprofit profile at a glance
- EIN
- 411907844
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Woodbury, MN, USA
- Phone
- 6515787507
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $9,456,443
- Expenses
- $8,860,482
- Assets
- $5,496,326
- Liabilities
- $4,537,282
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KATE HINTON (EXECUTIVE DIRECTOR)
Highest reported compensation
- KATE HINTON (EXECUTIVE DIRECTOR): $176,290 total reported compensation
- STEVEN HOEMANN (MIDDLE SCHOOL PRINCIPAL): $163,749 total reported compensation
- JILLYNNE RAYMOND (SPECIAL SERVICES DIRECTOR): $157,493 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We provide accelerated curricula in all subjects with an emphasis on math and science.
What it reported doing in 2024
Math & science academy (msa) serves students in grades 6 through 12. Msa places tremendous value on a school design that is curriculum based, standards driven, and collaboratively run. The curriculum places emphasis in the areas of math and science with a balance of humanities. The agreed upon standard requires that students achieve far beyond current state mandates and testing criteria. Every student at msa is required to complete a math program through calculus and a high school science program that includes biology, chemistry, and physics. In addition, all students at msa are required to take social studies and english every year, spanish through the 11th grade, and at least one year of high school fine arts. In 2024-2025, the school served an average of 683 students.
Operating model
- Revenue model
- Grant-funded. 94% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 78
- Accountability: 70
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 55.6%; rating input score 56; 9th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.3%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.83; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 9.6%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 87.2% of spending went to programs
- Governance: 5 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.7M in reported program spending
- Leadership: top reported pay $176K · 13 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $852K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes executive pay and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Independent voting board scored 56/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.