Northeast College Prep Charter School No 4219

EIN: 462577480 501(c)(3) Education

Minneapolis, MN

Total Revenue
$6,490,058
Total Expenses
$6,440,818
Total Assets
$2,780,729
Net Assets
$-1,152,958
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MN
Principal Officer
Andrea Halverson
Phone
6122488243
Tax Period
2024-07-01 to 2025-06-30

Northeast College Prep Charter School No 4219, founded in 2013, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,434,237
Program Service Revenue $21,519
Investment Income $33,865
Other Revenue $437
TOTAL REVENUE $6,490,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,711,878
Fundraising Expenses $0
Program Expenses $5,600,209
Other Expenses $2,728,940
TOTAL EXPENSES $6,440,818

Year-over-Year Comparison

2024 2023 Change
Revenue $6,490,058 $7,163,723 -0.1%
Expenses $6,440,818 $6,585,230 0.0%
Net Income $49,240 $578,493 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
85
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$147,049
Total Directors
9
$93,563
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rich Nazarian Chair 1.00
Officer Director
$0 $0 $0
Josh Crossan Community Member 1.00
Director
$0 $0 $0
Tyler Burkhardt Treasurer 1.00
Officer Director
$0 $0 $0
Jinah Chervinac Community Member 1.00
Director
$0 $0 $0
John Brakke Community Member 1.00
Director
$0 $0 $0
Meghna Sohoni Community Member 1.00
Director
$0 $0 $0
Phil Galligan Community Member 1.00
Director
$0 $0 $0
Hadi Sanyang Parent Member 1.00
Director
$0 $0 $0
Laura Pastor Teacher Member 41.00
Director
$74,805 $18,758 $93,563
Andrea Halverson Executive Director 41.00
Officer
$125,426 $21,623 $147,049
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,490,058 $6,440,818 $2,780,729 $49,240
2024 $7,163,723 $6,585,230 $3,243,759 $578,493
2023 $7,570,784 $7,368,159 $3,824,074 $202,625
2022 $7,891,712 $8,402,951 $3,953,974 $-511,239
2021 $7,653,254 $7,931,056 $12,924,003 $-277,802
2020 $6,530,929 $7,364,279 $12,819,420 $-833,350
2019 $6,222,064 $6,090,224 $5,290,670 $131,840
2018 $5,144,933 $6,312,398 $5,046,341 $-1,167,465
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