Stonebridge World School
Nonprofit profile at a glance
- EIN
- 205696407
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6128777400
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $5,206,191
- Expenses
- $5,164,681
- Assets
- $2,253,140
- Liabilities
- $3,010,386
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Barbara Novy (Executive Director)
Highest reported compensation
- Barbara Novy (Executive Director): $139,204 total reported compensation
- Heather Newman (School Director): $113,126 total reported compensation
- Marissa Moore (Secretary): $66,799 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to create and environment with a global perspective that prepares students to excel academically. Our vision is to develop motivated and principled global citizens for lifelong learning and productive citizenship.
What it reported doing in 2024
Stonebridge World School is a K-6 Minneapolis public charter school that provides a unique combination of a global curriculum, a variety of services, and a central location designed to provide a first-class education to Minneapolis students. Tuition-free and open to all K-6 students, Stonebridge is a safe, small school community that focuses on building global citizens through reading, writing, and math combined with arts, technology, and physical education to educate the whole child. The mission is to create an environment with a global perspective that prepares students to excel academically. Average daily enrollment for the year ended June 30, 2025 was 222 students.
Operating model
- Revenue model
- Grant-funded. 99% 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Accountability: 72
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 83.7%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 60%; rating input score 60; 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: 0.8%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 1.34; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 83% of revenue deployed · 83.7% of spending went to programs
- Governance: 3 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.3M in reported program spending
- Leadership: top reported pay $139K · 7 people listed
- Highest-paid contractors: 4 contractors listed · $953K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.