Nonprofit · EIN 27-0574007
INNOVATIVE QUALITY SCHOOLS
Tax-exempt · HUTCHINSON, MN 55350
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $636,658 | $631,493 | $5,165 | $436,431 | $89,723 | $346,708 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $636,404
- Investment income
- $254
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,250
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $25,269
- Program services (functional)
- $596,799
- Management and general (functional)
- $34,694
Balance sheet and other
- Total assets, start of year
- $358,049
- Total assets, end of year
- $436,431
- Total liabilities, end of year
- $89,723
- Net assets, end of year
- $346,708
- Net assets without donor restrictions
- $346,708
- Gross receipts
- $636,658
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2010
- 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 |
|---|---|---|---|
| RHONDA DEAN | DIRECTOR Trustee or director | 1.5 | $0 |
| KATIE PEKEL | DIRECTOR Trustee or director | 1.5 | $0 |
| BENNICE YOUNG | DIRECTOR Trustee or director | 1.5 | $0 |
| ROBIN MANTHIE | DIRECTOR Trustee or director | 1.5 | $0 |
| KRISTIN NIELSON | DIRECTOR Trustee or director | 1.5 | $0 |
| TASH VAN LIESHOUT | DIRECTOR Trustee or director | 1.5 | $0 |
| HABEN GHEBREGERGISH | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| JOHN SCHULTZ | TREASURER Trustee or director, Officer | 3 | $0 |
| HOLLY DAYTON | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| STEVE KELLEY | CHAIR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 580, HUTCHINSON, MN 55350-0580
- In care of
- % ROBERT WEDL
- Mailing address (990-N for 2010)
- 6616 Brittany Road, Edina MN 55435
- Principal officer (990 for 2024)
- JOHN SCHULTZ, PO BOX 580, HUTCHINSON, MN 55350
- Principal officer (990-N for 2010)
- Daniel Mott, 200 South 6th Street Suite 4000, Minneapolis MN 55402
- Signed the 990
- JOHN SCHULTZ, TREASURER
- Phone
- (651) 234-0900
- Website
- WWW.IQSMN.ORG
- Return prepared by
- LB CARLSON LLP
Mission
PLEASE SEE THE MISSION AND VISION OF INNOVATIVE QUALITY SCHOOLS (IQS) AS PREVIOUSLY STATED. DECISIONS MADE BY THE IQS BOARD ARE GUIDED BY THE FOLLOWING VALUES:1. FOCUS ON INNOVATION- TAKE RISKS TO TRY CREATIVE NEW THINGS, CHALLENGE OLD PROCESSES, AND CONTINUOUSLY ADAPT.2. ORGANIZE FOR EDUCATIONAL EXCELLENCE- COMMIT TO ACHIEVING OUR VISION, MISSION AND GOALS THROUGH THE CONTINUAL ASSESSMENT OF OUR WORK AND ACTING UPON RESULTS TO IMPROVE OUR PERFORMANCE. 3. COMMIT TO COLLABORATION- BE INTERDEPENDENT, HAVE AN OPEN FLOW OF IDEAS, LISTEN TO OTHERS, VALUE DIFFERENCES, AND CHALLENGE OUR OWN ASSUMPTIONS. 4. ENSURE ACCOUNTABILITY- UTILIZE FAIR AND RIGOROUS PROCEDURES IN THE AUTHORIZATION AND EVALUATION OF SCHOOLS IN OUR PORTFOLIO. 5. PROMOTE EQUITY, DIVERSITY, AND INCLUSION- SUPPORT INITIATIVES THAT PROMOTE EDUCATIONAL EQUITY AND OPPORTUNITY, AND SEEK DIVERSITY IN ORGANIZATIONAL REPRESENTATIVES
Program accomplishments
- INNOVATIVE QUALITY SCHOOLS IS A LEADER IN AUTHORIZING MINNESOTA CHARTER SCHOOLS, BOTH IN MINNEAPOLIS/SAINT PAUL AND GREATER MINNESOTA. DURING FISCAL YEAR 2025, INNOVATIVE QUALITY SCHOOLS AUTHORIZED THIRTY-ONE CHARTER SCHOOLS ENGAGED IN EDUCATION INNOVATION, SERVING OVER 8,000 STUDENTS. ALIGNED WITH THE ORGANIZATION'S MISSION, INNOVATIVE QUALITY SCHOOLS OFFERED OVER $15,000 IN GRANTS TO AUTHORIZED SCHOOLS IN SUPPORT EARLY LITERACY, EDUCATIONAL EQUITY, AND INNOVATION.Expenses $596,799 · grants $15,250 · revenue $636,404
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
- 27-0574007
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $436,431
- Income (IRS master file)
- $636,658
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $636,658 | $631,493 | $436,431 | XML |
| 990 | June 2024 | $648,812 | $623,484 | $358,049 | IRS |
| 990 | June 2023 | $610,219 | $627,499 | $358,447 | IRS |
| 990 | June 2022 | $603,324 | $557,083 | $388,465 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Daniel Mott | June 30, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-0574007).
Questions about INNOVATIVE QUALITY SCHOOLS
- What is the EIN of INNOVATIVE QUALITY SCHOOLS?
- The employer identification number (EIN) of INNOVATIVE QUALITY SCHOOLS is 27-0574007.
- Is INNOVATIVE QUALITY SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to INNOVATIVE QUALITY SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATIVE QUALITY SCHOOLS 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 INNOVATIVE QUALITY SCHOOLS 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 INNOVATIVE QUALITY SCHOOLS 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 INNOVATIVE QUALITY SCHOOLS?
- The 990 for the year ended June 30, 2025 names JOHN SCHULTZ.
- Who are the officers and directors of INNOVATIVE QUALITY SCHOOLS?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does INNOVATIVE QUALITY SCHOOLS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $636,658, expenses of $631,493 and total assets of $436,431 at year end.
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