GREAT MN SCHOOLS

EIN: 811733895 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$5,298,851
Total Expenses
$5,784,020
Total Assets
$216,430
Net Assets
$47,004
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MN
Principal Officer
JEN STERN
Phone
6123611309
Tax Period
2024-07-01 to 2025-06-30

GREAT MN SCHOOLS, founded in 2016, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

MAKES STRATEGIC INVESTMENTS IN PROVEN AND PROMISING SCHOOLS, PROVIDING THE EXPERT GUIDANCE, FUNDING RESOURCES TO CREATE A COMMUNITY OF GREAT SCHOOLS.

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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 $5,296,534
Program Service Revenue $0
Investment Income $2,317
Other Revenue $0
TOTAL REVENUE $5,298,851

Expense Breakdown

Grants Paid $1,100,600
Salaries & Benefits $2,320,985
Fundraising Expenses $543,180
Program Expenses $4,754,543
Other Expenses $2,362,435
TOTAL EXPENSES $5,784,020

Year-over-Year Comparison

2024 2023 Change
Revenue $5,298,851 $5,930,581 -0.1%
Expenses $5,784,020 $5,691,975 +0.0%
Net Income $-485,169 $238,606 -3.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
17
Volunteers
45

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
5
$348,162
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STAN ALLEYNE CHAIR 4.00
Officer Director
$0 $0 $0
BECKY ERDAHL VICE CHAIR 1.00
Officer Director
$0 $0 $0
SARAH CLYNE TREASURER (THRU 9/24) 1.00
Officer Director
$0 $0 $0
AL FAN TREASURER (AS OF 9/24) 1.00
Officer Director
$0 $0 $0
HABON ABDULLE DIRECTOR 1.00
Director
$0 $0 $0
ROB ALBRIGHT DIRECTOR 1.00
Director
$0 $0 $0
JULIE BAKER DIRECTOR 1.00
Director
$0 $0 $0
ROSITA BALCH DIRECTOR 1.00
Director
$0 $0 $0
SIMONE HARDEMAN-JONES DIRECTOR 1.00
Director
$0 $0 $0
BERNADEIA JOHNSON DIRECTOR (THRU 9/24) 1.00
Director
$0 $0 $0
ALBERTO MONSERRATE DIRECTOR 1.00
Director
$0 $0 $0
ADAIR MOSLEY DIRECTOR 1.00
Director
$0 $0 $0
TAD PIPER DIRECTOR 1.00
Director
$0 $0 $0
SONDRA SAMUELS DIRECTOR 1.00
Director
$0 $0 $0
PHIL SORAN DIRECTOR 1.00
Director
$0 $0 $0
BEN WHITNEY DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER STERN EXECUTIVE DIRECTOR 40.00
Officer
$329,193 $18,969 $348,162
SHEILAH KAVANEY SENIOR DIRECTOR OF OPERATIONS 40.00
Highest
$183,107 $17,424 $200,531
KYLE PARSONS VP OF COMMUNITY ENGAGEMENT 40.00
Highest
$166,853 $10,991 $177,844
KARN ENGELSGJERD SENIOR DIRECTOR OF EXTERNAL AFFAIRS 40.00
Highest
$172,193 $5,166 $177,359
MELISSA LONG DIRECTOR OF LITERACY 40.00
Highest
$159,199 $4,864 $164,063
MORGAN BROWN PORTFOLIO DIRECTOR 40.00
Highest
$155,195 $22,682 $177,877
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 $5,298,851 $5,784,020 $216,430 $-485,169
2024 $5,930,581 $5,691,975 $944,896 $238,606
2023 $5,152,626 $4,839,133 $435,285 $313,493
2022 $3,619,260 $4,771,013 $411,897 $-1,151,753
2021 $4,065,568 $4,069,986 $1,335,864 $-4,418
2020 $3,824,389 $4,085,325 $1,467,338 $-260,936
2019 $2,364,639 $2,359,169 $1,292,716 $5,470
2018 $1,732,994 $1,435,754 $550,679 $297,240
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