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Governance Register
US nonprofit · EIN 260425207 · Elk River, MNiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 260425207) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R).Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Exemption status IRS Automatic Revocation of Exemption List (posted to 13 October 2026).Deductibility IRS Publication 78 data (code SO), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data
Exemption reinstated on 15 March 2012. The IRS had automatically revoked it on 15 November 2010 (after three years without a return). Source: IRS Automatic Revocation of Exemption List, posted to 13 October 2026.

Spectrum Building Company's network

5 people3 organisationsi5 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Dave Lucas ChairBoard Chair2018
8 yrs
Cory TaylorBoard Member2023
3 yrs
Rick PetersonBoard Member/Teacher2018
8 yrs
Tom SagstetterTreasurer2018
8 yrs
Tony BruntSecretary/Teacher2018
8 yrs
Under 5 years5 to 6 years6 years or more

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Jeremy JohnsonMember (Admin)1$0$64k$13k
Dave LucasChair (Community)1$0
Cory TaylorMember (Parent)1$0
Anthony BruntSecretary (Teacher)1$0$67k$16k
Tom SagstetterMember (Community)1$0

About

Legal name
Spectrum Building Company
EIN
260425207
Address
17796 Industrial Cir Nw, Elk River, MN, 55330-4754
State
Minnesota
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. (as filed on the Form 990)
Activity (NTEE)
B11 Education
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Education
Size band
8 (IRS master file code)
Formed
2007
Principal officer
Dave Lucas (as named on the Form 990)
IRS ruling date
1 October 2012
Status
Code 01 (unconditional exemption)
Form 990 filings on record
6, latest 2023
IRS Publication 78
SO (contributions deductible)

Most connected

Related organisations (Schedule R)

Longest observed on the filings

≥8years on the filingsDave Lucas
≥8years on the filingsRick Peterson
≥8years on the filingsTom Sagstetter
≥8years on the filingsTony Brunt

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$30.7m
Total liabilities
$34.1m
Net assets or fund balances
Minus $3.3m
Contributions and grants received
$0
Program service revenue
$2m
Employees
0
Volunteers
3