Charity Impact Media

Home › Education

Spectrum High School

Elk River, MN · EIN 37-1518372 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Spectrum High School reported $12.9 million in revenue and $12.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.78 went to program services, $14.22 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.0% of the total. Government grants made up 95.6%. The highest compensation it reported for one person was $175,339 (EXECUTIVE DIRECTOR). 3 people received more than $100,000 in reportable compensation. Revenue rose 42% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
85.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
14.2%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
96.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
95.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
3.5%69.9%
Highest reported compensation
Part VII-A, columns D–F
$175,339$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.37%1.28%
People paid over $100,000
Part VII, line 2
38
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-0.813.3
Independent voting board members
Part VI 1a–1b
5 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$11M expenses · 100.0% of program spending · grants $16,800 · revenue $466K

Spectrum is a leading college preparatory school of choice committed to high standards and exceptional programming. Spectrum's college @ Spectrum High (c@sh) program offers students the opportunity to earn over 60 college credits, taught by spectrum certified faculty, in partnership with 4 different colleges. Spectrum students are able to earn an aa degree in High School while remaining entirely on the High School campus

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE DIRECTOR
Officer, 40.00 hrs/week
$149,947$0$25,392$175,339
HIGH SCHOOL PRINCIPAL
Highest compensated employee, 40.00 hrs/week
$118,280$0$38,960$157,240
GRADES 5-8 PRINCIPAL
Highest compensated employee, 40.00 hrs/week
$123,524$0$20,078$143,602
SECRETARY(TEACHER)
Director/trustee, 41.00 hrs/week
$66,652$0$15,930$82,582
MEMBER (TEACHER)
Director/trustee, 41.00 hrs/week
$58,903$0$14,891$73,794

3 people received more than $100,000 in reportable compensation from Spectrum High School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $340K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$13M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$13M$13M85.8%−$808K$175,339
FY2024 ⓘ$12M$12M84.2%−$922K$171,143
FY2023 ⓘ$11M$11M83.4%−$1.1M$164,034
FY2022 ⓘ$10M$9.7M83.7%−$2.2M$158,769
FY2021 ⓘ$9.4M$9.3M84.3%−$2.8M$153,221
FY2020 ⓘ$9.1M$9.0M83.4%−$2.4M$151,222

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 5 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5224
  • Volunteers Part I, line 6254

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
NORTHSTAR BUS LINES LLC
Transportation
$632,761
CKC GOOD FOOD
Food service
$375,968
CREATIVE PLANNING
Financial management and accounting serv
$127,250

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

2 private foundations reported grants to Spectrum High School totaling $1,488 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Spectrum High School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Spectrum High School, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Minnesota

Questions people ask

How much of Spectrum High School's spending goes to programs?

In the fiscal year ending June 30, 2025, Spectrum High School reported that 85.8% of its $12.8 million in expenses went to program services, 14.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Spectrum High School pay its top executive?

The largest total compensation Spectrum High School reported for one person in the fiscal year ending June 30, 2025 was $175,339, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Spectrum High School get its money?

Of $12.9 million in revenue in the fiscal year ending June 30, 2025, 96.0% came from contributions and grants (including 95.6% from government grants) and 3.5% from program service revenue (Form 990, Part VIII).

Is Spectrum High School a registered charity?

The IRS lists EIN 37-1518372 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631209349302528 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349302411 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349312698 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341299349303339 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241309349301464 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141309349303064 · read the filing

All filings for EIN 37-1518372: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.