Nonprofit · EIN 26-0425207
SPECTRUM BUILDING COMPANY
Tax-exempt (reinstated) · ELK RIVER, MN 55330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,321,881 | $2,454,593 | -$132,712 | $30,720,045 | $34,054,925 | -$3,334,880 |
| June 30, 2024 | 990 | $1,606,032 | $1,574,561 | $31,471 | $19,253,629 | $22,455,797 | -$3,202,168 |
| June 30, 2023 | 990 | $1,789,748 | $1,481,751 | $307,997 | $19,344,350 | $22,577,989 | -$3,233,639 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,010,550
- Investment income
- $311,331
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $122,525
- Accounting fees
- $62,000
- Depreciation
- $531,742
- Program services (functional)
- $2,245,381
- Management and general (functional)
- $209,212
Balance sheet and other
- Total assets, start of year
- $19,253,629
- Total assets, end of year
- $30,720,045
- Total liabilities, end of year
- $34,054,925
- Net assets, end of year
- -$3,334,880
- Land, buildings and equipment
- $21,430,047
- Gross receipts
- $2,321,881
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2007
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANTHONY BRUNT | SECRETARY (TEACHER) Trustee or director, Officer | 1 | $0 | $66,652 | $15,930 |
| JEREMY JOHNSON | MEMBER (ADMIN) Trustee or director | 1 | $0 | $63,648 | $12,593 |
| DAVE LUCAS | CHAIR (COMMUNITY) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CORY TAYLOR | MEMBER (PARENT) Trustee or director | 1 | $0 | $0 | $0 |
| TOM SAGSTETTER | MEMBER (COMMUNITY) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK PETERSON | MEMBER (ADMIN) Trustee or director | 1 | $0 | $90,771 | $15,637 |
| TONY BRUNT | SECRETARY (TEACHER) Trustee or director, Officer | 1 | $0 | $66,321 | $15,213 |
| DAVE LUCAS | CHAIR (COMMUNITY) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM SAGSTETTER | TREASURER (PARENT) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CORY TAYLOR | MEMBER (PARENT) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK PETERSON | BOARD MEMBER/TEACHER Trustee or director | 5 | $0 | $87,055 | $15,533 |
| TONY BRUNT | SECRETARY/TEACHER Trustee or director, Officer | 5 | $0 | $62,011 | $15,598 |
| CORY TAYLOR | BOARD MEMBER Trustee or director | 5 | $0 | $0 | $0 |
| DAVE LUCAS | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| TOM SAGSTETTER | TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 17796 INDUSTRIAL CIR NW, ELK RIVER, MN 55330-4754
- Principal officer (990 for 2024)
- DAVE LUCAS, 17796 INDUSTRIAL CIRCLE NW, ELK RIVER, MN 55330
- Signed the 990
- DAVE LUCAS, BOARD CHAIR
- Phone
- (763) 241-8703
- Website
- WWW.SPECTRUMHIGHSCHOOL.ORG
- Return prepared by
- CREATIVE PLANNING TAX LLC
Mission
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE AND RENOVATE PROPERTY AND LEASE TO ITS SUPPORTED ORGANIZATION, SPECTRUM HIGH SCHOOL, A MINNESOTA PUBLIC CHARTER SCHOOL.
Program accomplishments
- THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE AND RENOVATE PROPERTY AND LEASE TO ITS SUPPORTED ORGANIZATION, SPECTRUM HIGH SCHOOL, A MINNESOTA PUBLIC CHARTER SCHOOL. THIS CURRENTLY INCLUDES FOUR PROPERTIES: SPECTRUM HIGH SCHOOL (GRADES 9-12), SPECTRUM MIDDLE SCHOOL (GRADES 6-8), SPECTRUM ELEMENTARY SCHOOL (GRADE 5), AND THE SPECTRUM ATHLETIC COMPLEX.Expenses $2,245,381 · revenue $2,010,550
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0425207
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $30,720,045
- Income (IRS master file)
- $2,321,881
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- September 12, 2012
- Reinstated
- Effective March 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,321,881 | $2,454,593 | $30,720,045 | IRS |
| 990 | June 2024 | $1,606,032 | $1,574,561 | $19,253,629 | IRS |
| 990 | June 2023 | $1,789,748 | $1,481,751 | $19,344,350 | XML |
| 990 | June 2022 | $1,379,520 | $1,498,117 | $19,420,791 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0425207).
Questions about SPECTRUM BUILDING COMPANY
- What is the EIN of SPECTRUM BUILDING COMPANY?
- The employer identification number (EIN) of SPECTRUM BUILDING COMPANY is 26-0425207.
- Is SPECTRUM BUILDING COMPANY tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective March 15, 2012.
- Are donations to SPECTRUM BUILDING COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SPECTRUM BUILDING COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPECTRUM BUILDING COMPANY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPECTRUM BUILDING COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SPECTRUM BUILDING COMPANY?
- The 990 for the year ended June 30, 2025 names DAVE LUCAS.
- Who are the officers and directors of SPECTRUM BUILDING COMPANY?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does SPECTRUM BUILDING COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,321,881, expenses of $2,454,593 and total assets of $30,720,045 at year end.
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