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Minnesota · Nonprofit

CHARTERSOURCE

CHARTERSOURCE (Minnesota) receives grants from 5 organizations whose IRS filings report $871,000 to it, the largest being WEM FOUNDATION ($750,000). 2 of them have funded it in more than one year.

Revenue FY2025
$439k
Funders on record
5
Grants received
$871k
Net assets
$604k
2/5 repeat funderspeak grant-dependency 94%
01What it does

What Chartersource does

Mission

Provide scaffolded support and development in governance, leadership, and operations for school improvement.

As stated on its FY2025 Form 990.

Program

  1. Board and operations training: 27 schools served. Board and new school incubation technologies with assessment and coaching services: 20 schools served.

    $414,672 spent$352,056 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $414,672.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($109k) Expenses 100 ($39k) Net assets 100 ($86k)2023 Revenue 768 ($836k) Expenses 1150 ($453k) Net assets 569 ($492k)2024 Revenue 603 ($657k) Expenses 1334 ($525k) Net assets 756 ($652k)2025 Revenue 403 ($439k) Expenses 1232 ($485k) Net assets 700 ($604k)
2022202320242025
Revenue (403)Expenses (1232)Net assets (700)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $95k to $634k (+570%).

$95k
$634k
$668k
$607k
2022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

17% of CHARTERSOURCE’s revenue is contributions — about as donation-reliant as the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 4 reported years ran a deficit.

$70k
’22
$384k
’23
$132k
’24
−$46k
’25
15
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Holly Amaya

Executive director

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2024 and FY2025 filings.

202320242025
Listed476
Joined·+3+1
No longer listed·02
03Who funds it

Who funds it, year by year

2022 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $3k → $790k.

1 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CHARTERSOURCE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CHARTERSOURCE leans on a few funders — its largest provides 86% of grant income and the top three 97%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

86%
largest funder
97%
top three
~1
effective funders

Largest funder’s share by year: 2022 100% · 2023 95% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of CHARTERSOURCE's grant income comes from Minnesota funders.

MN

In-state vs out-of-state, by year

’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $8k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CHARTERSOURCE holds deeper cash reserves than three-quarters of the 16,849 education nonprofits its size.

Operating margin−10% · bottom quartile
Months of reserve14.9mo · top quartile
Revenue growth (annualized)59% · top quartile

this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025

Organizations like CHARTERSOURCE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 12%Fundraising 2%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for CHARTERSOURCE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CHARTERSOURCE?
CHARTERSOURCE (Minnesota) receives grants from 5 organizations whose IRS filings report $871,000 to it, the largest being WEM FOUNDATION ($750,000). 2 of them have funded it in more than one year.
How many funders does CHARTERSOURCE have?
IRS filings report 5 organizations giving $871,000 in grants to CHARTERSOURCE, 2 of which have funded it in more than one year.
Who is the largest funder of CHARTERSOURCE?
WEM FOUNDATION is the largest funder on record, with $750,000 in grants. The full list of funders is on this page.
How can an organization like CHARTERSOURCE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Chartersource →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing