Civic Intelligence

Ave Maria Academy

EIN 41-1871572 • 501(c)3 • Maple Grove, MN

Profile

Ave maria academy is a catholic school of academic excellence for boys and girls from pre-kindergarten through eighth grade. The school must meet all state educational requirements and testing standards.

7000 Jewel Lane NorthMaple Grove, MN 55311
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.43x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

1.43x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

25th percentile

-5.4%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-5.8%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Revenue Growth

35th percentile

0.5%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2025

Assets

Down

$7,955,702

Down $986,224 (-11%) from 2024

Liabilities

Down

$3,396,785

Down $856,763 (-20%) from 2024

Net Assets

Down

$4,558,917

Down $129,461 (-2.8%) from 2024

Revenue

Down

$2,380,736

Down $56,820 (-2.3%) from 2024

Expenses

Up

$2,510,197

Up $173,698 (+7.4%) from 2024

Net Income

Down

-$129,461

Down $230,518 (-228%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $4,416,209Liabilities 2011: $1,484,797Net Assets 2011: $2,931,4122011Assets 2012: $2,637,616Liabilities 2012: $251,304Net Assets 2012: $2,386,3122012Assets 2013: $3,458,690Liabilities 2013: $234,456Net Assets 2013: $3,224,2342013Assets 2014: $7,859,755Liabilities 2014: $4,090,962Net Assets 2014: $3,768,7932014Assets 2015: $8,726,421Liabilities 2015: $4,728,445Net Assets 2015: $3,997,9762015Assets 2016: $8,620,939Liabilities 2016: $4,682,054Net Assets 2016: $3,938,8852016Assets 2017: $8,428,545Liabilities 2017: $4,575,399Net Assets 2017: $3,853,1462017Assets 2018: $8,363,557Liabilities 2018: $4,464,510Net Assets 2018: $3,899,0472018Assets 2019: $8,452,911Liabilities 2019: $4,402,343Net Assets 2019: $4,050,5682019Assets 2020: $8,748,105Liabilities 2020: $4,655,089Net Assets 2020: $4,093,0162020Assets 2021: $8,728,990Liabilities 2021: $4,382,224Net Assets 2021: $4,346,7662021Assets 2022: $8,818,696Liabilities 2022: $4,304,797Net Assets 2022: $4,513,8992022Assets 2023: $8,958,647Liabilities 2023: $4,371,326Net Assets 2023: $4,587,3212023Assets 2024: $8,941,926Liabilities 2024: $4,253,548Net Assets 2024: $4,688,3782024Assets 2025: $7,955,702Liabilities 2025: $3,396,785Net Assets 2025: $4,558,9172025

Highlighted filing

2025

Assets$7,955,702
Liabilities$3,396,785
Net Assets$4,558,917

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,420,396Expenses 2011: $1,466,560Net Income 2011: -$46,1642011Revenue 2012: $847,370Expenses 2012: $1,392,470Net Income 2012: -$545,1002012Expenses 2013: $1,292,4352013Revenue 2014: $1,977,842Expenses 2014: $1,433,283Net Income 2014: $544,5592014Revenue 2015: $2,199,991Expenses 2015: $1,970,808Net Income 2015: $229,1832015Revenue 2016: $2,012,038Expenses 2016: $2,071,129Net Income 2016: -$59,0912016Revenue 2017: $1,943,966Expenses 2017: $2,029,705Net Income 2017: -$85,7392017Revenue 2018: $1,931,165Expenses 2018: $1,885,264Net Income 2018: $45,9012018Revenue 2019: $2,055,883Expenses 2019: $1,904,362Net Income 2019: $151,5212019Revenue 2020: $1,944,600Expenses 2020: $1,902,152Net Income 2020: $42,4482020Revenue 2021: $2,316,893Expenses 2021: $2,063,143Net Income 2021: $253,7502021Revenue 2022: $2,366,568Expenses 2022: $2,199,435Net Income 2022: $167,1332022Revenue 2023: $2,356,775Expenses 2023: $2,283,353Net Income 2023: $73,4222023Revenue 2024: $2,437,556Expenses 2024: $2,336,499Net Income 2024: $101,0572024Revenue 2025: $2,380,736Expenses 2025: $2,510,197Net Income 2025: -$129,4612025

Highlighted filing

2025

Revenue$2,380,736
Expenses$2,510,197
Net Income-$129,461

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.96$3.40$4.56$2.38$2.51$0.13
2024Detailed filing. Detailed filing data is available for this year.$8.94$4.25$4.69$2.44$2.34$0.10
2023Detailed filing. Detailed filing data is available for this year.$8.96$4.37$4.59$2.36$2.28$0.07
2022Detailed filing. Detailed filing data is available for this year.$8.82$4.30$4.51$2.37$2.20$0.17
2021Detailed filing. Detailed filing data is available for this year.$8.73$4.38$4.35$2.32$2.06$0.25
2020Detailed filing. Detailed filing data is available for this year.$8.75$4.66$4.09$1.94$1.90$0.04
2019Detailed filing. Detailed filing data is available for this year.$8.45$4.40$4.05$2.06$1.90$0.15
2018Detailed filing. Detailed filing data is available for this year.$8.36$4.46$3.90$1.93$1.89$0.05
2017Detailed filing. Detailed filing data is available for this year.$8.43$4.58$3.85$1.94$2.03$0.09
2016Detailed filing. Detailed filing data is available for this year.$8.62$4.68$3.94$2.01$2.07$0.06
2015Detailed filing. Detailed filing data is available for this year.$8.73$4.73$4.00$2.20$1.97$0.23
2014Detailed filing. Detailed filing data is available for this year.$7.86$4.09$3.77$1.98$1.43$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.23$3.22$1.29
2012Summary only. Only limited summary data is available for this year.$2.64$0.25$2.39$0.85$1.39$0.55
2011Summary only. Only limited summary data is available for this year.$4.42$1.48$2.93$1.42$1.47$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 15, 2025
Return Version
2024v5.2
Gross Receipts
$2,436,469
Mission and Program Overview

Mission

Ave maria academy is a catholic school of academic excellence for boys and girls from pre-kindergarten through eighth grade. The school must meet all state educational requirements and testing standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,229,133$7,006,107▼ $223,026
Cash and Non-Interest-Bearing Accounts$446,267$423,525▼ $22,742
Investments in Publicly Traded Securities$824,137$420,220▼ $403,917
Savings and Temporary Cash Investments$333,649--
Intangible Assets$18,283$17,321▼ $962
Accounts Receivable-$10,640-
Prepaid Expenses and Deferred Charges$69,787$8,566▼ $61,221
Total Assets$8,941,926$7,955,702▼ $986,224
Other Assets Total$20,670$69,323▲ $48,653
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,595,660$2,860,768▼ $734,892
Deferred Revenue$546,611$418,649▼ $127,962
Accounts Payable and Accrued Expenses$90,607$101,938▲ $11,331
Other Liabilities$20,670$15,430▼ $5,240
Total Liabilities$4,253,548$3,396,785▼ $856,763
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,637,374$4,449,020▼ $188,354
Net Assets With Donor Restrictions$51,004$109,897▲ $58,893
Total Net Assets Fund Balance$4,688,378$4,558,917▼ $129,461
Total Liabilities and Net Assets / Fund Balance$8,941,926$7,955,702▼ $986,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,193,020$1,850,528$7,043,548
Land$1,575,279-$1,575,279
Equipment$237,808$357,255$595,063
Compensation and Service Providers

Employees

NameTitleBaseTotal
Ericka WalzHead of School$60,093$60,093

Board Members and Trustees

NameTitle
Kimberly DayChair of the Board
Gayle StoffelDirector
John JacobsonDirector
Keith HuegelDirector
Tracy MadderDirector
Jeanne BuckeyeSecretary
Steve SchmitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$610,774
Program Service Revenue
$1,729,700
Investment Income
$65,009
Other Revenue
$-24,747
All Other Contributions
$313,665
Change in Net Assets
$-129,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,380,736
Total Revenue per Audited Statements
$2,380,736
Total Revenue per Form 990
$2,380,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,722,839
Other Expenses$787,358
Total Fundraising Expense$165,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,031,688$294,969$117,098$1,443,755
Depreciation Depletion$232,200--$232,200
Other Employee Benefits$97,757$18,820$3,247$119,824
Interest$117,879--$117,879
Payroll Taxes$84,385$23,436$9,321$117,142
All Other Expenses$83,505$2,667$7,763$93,935
Office Expenses$69,561$8,762-$78,323
Other Expenses$67,356--$67,356
Current Officers, Directors, Trustees, and Key Employees$42,118--$42,118
Insurance$34,406--$34,406
Advertising--$28,257$28,257
Information Technology$5,597$11,261-$16,858
Fees for Services Other-$14,194-$14,194
Fees for Services Accounting-$6,995-$6,995
Fees for Services Legal-$4,024-$4,024
Conferences and Meetings$2,658$900-$3,558
Total Functional Expenses$1,958,483$386,028$165,686$2,510,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,510,197
Total Expenses per Audited Statements$2,510,197
Total Expenses per Form 990$2,510,197
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,733
Fundraising Gross Income$26,810
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$18,650$18,650$15,312$3,338
Golf$8,160$8,160$10,840$-2,680
Total Events$26,810$26,810$55,733$-28,923
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Asset$15,430
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 governing body review Part VI line 11

Governing body reviews irs form 990 in special meeting; discussion on detail; authorizes approval and documents approval in minutes.

Conflict of interest policy compliance Part VI line 12C

Any conflicts of interest or potential conflicts of interest reviewed and acted upon at board meetings.

Other officer or key employee compensation Part VI line 15B

Annual officer and key employee compensation reviewed during budgetary sessions using comparability data of similar organizations and performance data; discussed and authorized by board resolution with approval in minutes.

Governing documents etc available to public Part VI line 19

The organization makes governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ave Maria Academy
EIN
41-1871572
In Care Of
% STEVE SCHMITZ
Phone
7634945387
Address
7000 JEWEL LANE NORTH, MAPLE GROVE, MN 55311

Signing Officer

Name
Steve Schmitz
Title
Treasurer
Phone
7634945387
Signed
2025-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Day
Formed
1997
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
39

Preparer

Firm
Betts & Hayes Ltd
Address
801 Meander Court, Medina, MN 55340
Preparer
George D Betts CPA
Phone
7634783169
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AVE MARIA ACADEMY IS A CATHOLIC SCHOOL OF ACADEMIC EXCELLENCE FOR BOYS AND GIRLS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL MUST MEET ALL STATE EDUCATIONAL REQUIREMENTS AND TESTING STANDARDS.
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IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0119824
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IRS990/OtherExpensesGrp/Desc1SCHOOL LUNCH EXPENSE
IRS990/OtherExpensesGrp/Desc2SCHOOL EVENTS AND PERFORMANC
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IRS990/OtherExpensesGrp/ProgramServicesAmt128878
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0117098
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt141100
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt141100
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0595063
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01575279
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt07006107
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IRS990ScheduleD/TotalLiabilityAmt015430
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY REVIEWS IRS FORM 990 IN SPECIAL MEETING; DISCUSSION ON DETAIL; AUTHORIZES APPROVAL AND DOCUMENTS APPROVAL IN MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST REVIEWED AND ACTED UPON AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL OFFICER AND KEY EMPLOYEE COMPENSATION REVIEWED DURING BUDGETARY SESSIONS USING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS AND PERFORMANCE DATA; DISCUSSED AND AUTHORIZED BY BOARD RESOLUTION WITH APPROVAL IN MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TotalProgramServiceRevenueAmt01729700
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