Civic Intelligence

Augsburg Fairview Academy

990 • Fiscal year 2024 • EIN 20-0105776

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 06, 2025

3109 50th Street EastMinneapolis, MN 55417

(651) 917-6259

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.84x

Higher debt load relative to assets than 92% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.63x

Higher debt load relative to revenue than 84% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$88,951

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-14%

Faster asset growth than 11% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

2.5%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,444,644

Down $235,894 (-14%) from 2023

Net Assets

Up

$225,184

Up $198,558 (+746%) from 2023

Liabilities

Down

$1,219,460

Down $434,452 (-26%) from 2023

Revenue

Up

$1,950,632

Up $46,880 (+2.5%) from 2023

Expenses

Up

$1,752,074

Up $142,565 (+8.9%) from 2023

Net Income

Down

$198,558

Down $95,685 (-33%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $350,435Liabilities 2010: $295,765Net Assets 2010: $54,6702010Assets 2011: $507,958Liabilities 2011: $398,246Net Assets 2011: $109,7122011Assets 2012: $657,778Liabilities 2012: $575,962Net Assets 2012: $81,8162012Assets 2013: $429,055Liabilities 2013: $157,679Net Assets 2013: $271,3762013Assets 2014: $615,553Liabilities 2014: $168,113Net Assets 2014: $447,4402014Assets 2015: $998,219Liabilities 2015: $1,491,942Net Assets 2015: -$493,7232015Assets 2016: $1,222,879Liabilities 2016: $1,833,815Net Assets 2016: -$610,9362016Assets 2017: $3,276,927Liabilities 2017: $4,521,783Net Assets 2017: -$1,244,8562017Assets 2018: $2,401,761Liabilities 2018: $3,959,209Net Assets 2018: -$1,557,4482018Assets 2019: $1,900,615Liabilities 2019: $3,118,184Net Assets 2019: -$1,217,5692019Assets 2020: $1,513,307Liabilities 2020: $2,582,861Net Assets 2020: -$1,069,5542020Assets 2021: $1,229,947Liabilities 2021: $2,107,472Net Assets 2021: -$877,5252021Assets 2022: $2,873,652Liabilities 2022: $3,315,912Net Assets 2022: -$442,2602022Assets 2023: $1,680,538Liabilities 2023: $1,653,912Net Assets 2023: $26,6262023Assets 2024: $1,444,644Liabilities 2024: $1,219,460Net Assets 2024: $225,1842024Assets 2025: $1,663,249Liabilities 2025: $1,306,188Net Assets 2025: $357,0612025

Highlighted filing

2024

Assets$1,444,644
Liabilities$1,219,460
Net Assets$225,184

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,266,5652010Expenses 2011: $1,352,0632011Expenses 2012: $1,569,4462012Expenses 2013: $1,603,3652013Revenue 2014: $2,170,673Expenses 2014: $1,994,609Net Income 2014: $176,0642014Revenue 2015: $2,349,941Expenses 2015: $2,272,687Net Income 2015: $77,2542015Revenue 2016: $2,192,770Expenses 2016: $2,309,983Net Income 2016: -$117,2132016Revenue 2017: $1,817,229Expenses 2017: $2,451,150Net Income 2017: -$633,9212017Revenue 2018: $1,862,861Expenses 2018: $2,175,453Net Income 2018: -$312,5922018Revenue 2019: $1,727,378Expenses 2019: $1,387,499Net Income 2019: $339,8792019Revenue 2020: $1,744,146Expenses 2020: $1,596,131Net Income 2020: $148,0152020Revenue 2021: $1,817,542Expenses 2021: $1,625,513Net Income 2021: $192,0292021Revenue 2022: $2,096,668Expenses 2022: $1,661,403Net Income 2022: $435,2652022Revenue 2023: $1,903,752Expenses 2023: $1,609,509Net Income 2023: $294,2432023Revenue 2024: $1,950,632Expenses 2024: $1,752,074Net Income 2024: $198,5582024Revenue 2025: $1,938,270Expenses 2025: $1,806,393Net Income 2025: $131,8772025

Highlighted filing

2024

Revenue$1,950,632
Expenses$1,752,074
Net Income$198,558
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 6, 2025
Return Version
2023v6.0
Gross Receipts
$1,950,632
Mission and Program Overview

Mission

Augsburg fairview academy invites young adults from diverse communities to prepare for college, career, and life through an intense program of rigorous study and real-world connections to health care, education, and other human services.

Augsburg Fairview Academy invites young adults from diverse communities to prepare for college, career, and life through an intense program of rigorous study and real-world connections to health care, education, and othe

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$940,444$855,918▼ $84,526
Rtn Earn Endowment Incm Other Fnds$26,626$225,184▲ $198,558
Accounts Receivable$113,186$176,186▲ $63,000
Prepaid Expenses and Deferred Charges$6,500$75,850▲ $69,350
Land, Buildings, and Equipment, Net$81,746$71,358▼ $10,388
Savings and Temporary Cash Investments-$26,100-
Total Assets$1,680,538$1,444,644▼ $235,894
Other Assets Total$538,662$239,232▼ $299,430
Liabilities
Other Liabilities$1,536,787$1,072,272▼ $464,515
Accounts Payable and Accrued Expenses$117,125$147,188▲ $30,063
Total Liabilities$1,653,912$1,219,460▼ $434,452
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,626$225,184▲ $198,558
Total Liabilities and Net Assets / Fund Balance$1,680,538$1,444,644▼ $235,894

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$362$277,035$277,397
Leasehold Improvements$70,996$66,846$137,842
Other Assets Org$239,232--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heidi AndersonExecutive DirectorFT$88,951$88,951
Ann SheelyTreasurerFT$44,689$44,689
Kelly CusterSecretaryFT$40,315$40,315

Board Members and Trustees

NameTitle
Vasileios SerefeasPresident
Greg BellOutside Director
John WittenborgOutside Director
Madeleine PinkertonOutside Director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,911,209
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$39,423
Change in Net Assets
$198,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,950,632
Total Revenue per Audited Statements
$1,950,632
Total Revenue per Form 990
$1,950,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,092,863
Other Expenses$659,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$766,710$85,190-$851,900
Other Employee Benefits$216,867$24,096-$240,963
Depreciation Depletion$184,233$20,470-$204,703
Travel$75,619$8,402-$84,021
Fees for Services Accounting$57,638$6,404-$64,042
Office Expenses$37,060$4,118-$41,178
Fees for Services Legal$12,150$1,350-$13,500
Other Expenses$11,831$1,315-$13,146
Insurance$11,233$1,248-$12,481
Interest$8,645$961-$9,606
Total Functional Expenses$1,576,867$175,207$0$1,752,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,752,074
Total Expenses per Audited Statements$1,752,074
Total Expenses per Form 990$1,752,074
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$723,556
Lease Liability$348,716
Pension Liability net-
Deferred Inflows - Pension Payments-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

Various duties

Form 990, Part VI, Line 11B

Organizations process to review form 990 is reviewed by the Academys Executive Director who is authorized by the board of directors to approve its submission

Form 990, Part VI, Line 12C

Officers directors and key employees review the policy at the start of each year and each individual is asked if they have any conflicts or potential conflicts to disclose. If so they are asked to identify them in detail.

Form 990, Part VI, Line 19

Governing documents are available on request.

Filing and Contact Details

Filer

Filer Name
Augsburg Fairview Academy
EIN
20-0105776
Phone
6519176259
Address
3109 50th Street East, Minneapolis, MN 55417

Signing Officer

Name
Vasileios Serefeas
Title
President
Phone
6519176259
Signed
2025-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vasileios Serefeas
Formed
2005
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
3
Employees
27

Preparer

Firm
Thomas & Company CPA Pa
Address
9710 STIRLING RD STE 101, COOPER CITY, FL 33024
Preparer
Roby J Thomas
Phone
9544357272
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt026626
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0225184
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026100
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0277035
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0277397
IRS990ScheduleD/ExpensesSubtotalAmt01752074
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt070996
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt066846
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0137842
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0239232
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right-to-use Assets, Net
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows - Pension Payments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0723556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1348716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Pension Liability net
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows - Pension Payments
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01950632
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071358
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0239232
IRS990ScheduleD/TotalExpensesPerForm990Amt01752074
IRS990ScheduleD/TotalLiabilityAmt01072272
IRS990ScheduleD/TotalRevenuePerForm990Amt01950632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01950632
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01752074
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school receives federal and state aid to benefit its students
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Various duties
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organizations process to review form 990 is reviewed by the Academys Executive Director who is authorized by the board of directors to approve its submission
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Officers directors and key employees review the policy at the start of each year and each individual is asked if they have any conflicts or potential conflicts to disclose. If so they are asked to identify them in detail.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available on request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01680538
IRS990/TotalAssetsEOYAmt01444644
IRS990/TotalAssetsGrp/BOYAmt01680538
IRS990/TotalAssetsGrp/EOYAmt01444644
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01911209
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175207
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01576867
IRS990/TotalFunctionalExpensesGrp/TotalAmt01752074
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01653912
IRS990/TotalLiabilitiesEOYAmt01219460
IRS990/TotalLiabilitiesGrp/BOYAmt01653912
IRS990/TotalLiabilitiesGrp/EOYAmt01219460
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026626
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0225184
IRS990/TotalProgramServiceExpensesAmt01576867
IRS990/TotalReportableCompFromOrgAmt0173955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039423
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01950632
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01680538
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01444644
IRS990/TravelGrp/ManagementAndGeneralAmt08402
IRS990/TravelGrp/ProgramServicesAmt075619
IRS990/TravelGrp/TotalAmt084021
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02504 Columbus Ave
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055404
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.afa.tc
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Vasileios Serefeas
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06519176259
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Augsburg Fairview Academy
ReturnHeader/Filer/BusinessNameControlTxt0AUGS
ReturnHeader/Filer/EIN0200105776
ReturnHeader/Filer/PhoneNum06519176259
ReturnHeader/Filer/USAddress/AddressLine1Txt03109 50th Street East
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055417
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753125446
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS & COMPANY CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09710 STIRLING RD STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COOPER CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033024
ReturnHeader/PreparerPersonGrp/PhoneNum09544357272
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBY J THOMAS
ReturnHeader/ReturnTs02025-02-06T05:59:08-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.66$1.31$0.36$1.94$1.81$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.44$1.22$0.23$1.95$1.75$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.68$1.65$0.03$1.90$1.61$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.87$3.32$0.44$2.10$1.66$0.44
2021Detailed filing. Detailed filing data is available for this year.$1.23$2.11$0.88$1.82$1.63$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.51$2.58$1.07$1.74$1.60$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.90$3.12$1.22$1.73$1.39$0.34
2018Detailed filing. Detailed filing data is available for this year.$2.40$3.96$1.56$1.86$2.18$0.31
2017Detailed filing. Detailed filing data is available for this year.$3.28$4.52$1.24$1.82$2.45$0.63
2016Detailed filing. Detailed filing data is available for this year.$1.22$1.83$0.61$2.19$2.31$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.00$1.49$0.49$2.35$2.27$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.17$0.45$2.17$1.99$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.16$0.27$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.58$0.08$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.40$0.11$1.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.30$0.05$1.27