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Spectrum Building Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260425207 ✦ Elk river, MN ✦ Designated as a 501(c)(3)

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Overview

What is Spectrum Building Company?

Spectrum Building Company is a nonprofit organization situated in Elk River, Minnesota, with an address at 17796 Industrial Circle NW, 55330. Its primary mission is to support Spectrum High School, a Minnesota public charter school, by acquiring and renovating property. Subsequently, they lease this renovated property back to the school. This nonprofit is dedicated to contributing to the educational environment of the community by providing suitable facilities for Spectrum High School.


Official website here: www.spectrumhighschool.org

Is Spectrum Building Company legitimate?

Spectrum Building Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Building Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.spectrumhighschool.org

What is the mission statement of Spectrum Building Company?

The mission of Spectrum Building Company is primarily focused on acquiring and renovating property, with the intent of leasing it to its supported organization, Spectrum High School, a Minnesota-based public charter school. The organization's aim is to contribute to the educational needs of the school by providing suitable facilities through its property acquisition and renovation activities. This partnership between Spectrum Building Company and Spectrum High School aims to provide a conducive learning environment for the students.


Official website here: www.spectrumhighschool.org

Who is the CEO of Spectrum Building Company?

Dave Lucas is the Board Chair of Spectrum Building Company.


Official website here: www.spectrumhighschool.org

What is the revenue of Spectrum Building Company?

Spectrum Building Company's revenue in 2022 was $1,379,520.


Official website here: www.spectrumhighschool.org

Who are the executives of Spectrum Building Company and what are their salaries?


Here are 5 key members and their salaries:


Rick Peterson (Board Member/Teacher)
  • Compensation: $0
  • Related: $82,735
  • Other: $14,008
Tony Brunt (Secretary/Teacher)
  • Compensation: $0
  • Related: $59,893
  • Other: $14,865
Scott Gangl (Board Member/Teacher)
  • Compensation: $0
  • Related: $45,835
  • Other: $10,710
Dave Lucas (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Sagstetter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.spectrumhighschool.org

Where can I find the form 990 for Spectrum Building Company?

Spectrum Building Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.spectrumhighschool.org

Learn more at the official website: www.spectrumhighschool.org

Mission Statement of Spectrum Building Company

Spectrum Building Company, as a nonprofit organization, is dedicated to fulfilling its primary mission. This mission involves the acquisition and renovation of properties, with the ultimate goal of leasing these spaces to its supported organization, Spectrum High School. This Minnesota-based public charter school benefits directly from Spectrum Building Company's efforts, as the renovated properties are provided to cater to its educational needs. The organization's primary exempt purpose aligns with its commitment to enhancing the learning environment for Spectrum High School, ensuring that it has the necessary infrastructure to deliver quality education to its students.

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Impact




October, 2024

Spectrum Building Company significantly contributes to the educational landscape in Elk River, Minnesota, by acquiring and renovating property specifically for Spectrum High School. This ensures that the school has access to high-quality facilities tailored to support its mission and enhance the learning environment for students. By leasing well-maintained and strategically renovated spaces, Spectrum Building Company directly impacts the ability of Spectrum High School to provide a robust educational experience, fostering academic success and community engagement. The focus on improving school infrastructure promotes a supportive atmosphere conducive to learning, ultimately benefiting the broader community through enhanced educational opportunities.




This information is meant to be a general summary of Spectrum Building Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,379,520 (2022)
Expenses
$1,498,117 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $714
  • Program Service Revenue: $1,378,806
  • Gross Receipts: $1,379,520

Assets and Liabilities:

  • Total Assets: $19,420,791
  • Total Liabilities: $22,962,427
  • Net Assets: -$3,541,636

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SCHOOL BUILDING RENTAL

Revenue

$1,378,806

Organization Details

Founding Year

2007

Principal Officer

Dave Lucas

Main Address

17796 INDUSTRIAL CIRCLE NW, ELK RIVER, MN, 55330

NTEE Category

Code: B11 - Education

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