Civic Intelligence

Arete Academy

990 • Fiscal year 2021 • EIN 46-5681606

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

4330 Cedar Lake Road SMinneapolis, MN 55416

(952) 737-7601

Siviq Scores

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

Liabilities / Assets

66th percentile

0.18x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$52,873

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

93rd percentile

100%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

29%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$768,003

Up $383,080 (+100%) from 2020

Net Assets

Up

$627,581

Up $379,302 (+153%) from 2020

Liabilities

Up

$140,422

Up $3,778 (+2.8%) from 2020

Revenue

Up

$1,006,828

Up $226,989 (+29%) from 2020

Expenses

Down

$627,525

Down $78,284 (-11%) from 2020

Net Income

Up

$379,303

Up $305,273 (+412%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2015: $149,475Liabilities 2015: $252,655Net Assets 2015: -$103,1802015Assets 2016: $115,076Liabilities 2016: $255,609Net Assets 2016: -$140,5332016Assets 2017: $264,245Liabilities 2017: $273,525Net Assets 2017: -$9,2802017Assets 2018: $311,995Liabilities 2018: $319,959Net Assets 2018: -$7,9642018Assets 2019: $269,235Liabilities 2019: $124,382Net Assets 2019: $144,8532019Assets 2020: $384,923Liabilities 2020: $136,644Net Assets 2020: $248,2792020Assets 2021: $768,003Liabilities 2021: $140,422Net Assets 2021: $627,5812021Assets 2022: $638,027Liabilities 2022: $33,787Net Assets 2022: $604,2402022Assets 2023: $616,914Liabilities 2023: $24,576Net Assets 2023: $592,3382023Assets 2024: $536,078Liabilities 2024: $33,637Net Assets 2024: $502,4412024

Highlighted filing

2021

Assets$768,003
Liabilities$140,422
Net Assets$627,581

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $160,540Expenses 2015: $263,720Net Income 2015: -$103,1802015Revenue 2016: $379,340Expenses 2016: $416,692Net Income 2016: -$37,3522016Revenue 2017: $717,559Expenses 2017: $600,056Net Income 2017: $117,5032017Revenue 2018: $950,527Expenses 2018: $924,212Net Income 2018: $26,3152018Revenue 2019: $982,189Expenses 2019: $915,785Net Income 2019: $66,4042019Revenue 2020: $779,839Expenses 2020: $705,809Net Income 2020: $74,0302020Revenue 2021: $1,006,828Expenses 2021: $627,525Net Income 2021: $379,3032021Revenue 2022: $599,131Expenses 2022: $622,472Net Income 2022: -$23,3412022Revenue 2023: $556,089Expenses 2023: $567,989Net Income 2023: -$11,9002023Revenue 2024: $607,918Expenses 2024: $697,815Net Income 2024: -$89,8972024

Highlighted filing

2021

Revenue$1,006,828
Expenses$627,525
Net Income$379,303
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$1,006,828
Mission and Program Overview

Mission

NONE

Arete academy of exceptional education is committed to partnering with parents to educate, support, and provide services to twice-exceptional students and gifted students who also have learning disabilities so they can learn the academic, social and emotional skills needed to reach their full potential and apply their gifts to make lasting contributions to the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$347,278$526,972▲ $179,694
Accounts Receivable$10,352$216,515▲ $206,163
Land, Buildings, and Equipment, Net$11,472$8,855▼ $2,617
Prepaid Expenses and Deferred Charges$2,071$1,911▼ $160
Total Assets$384,923$768,003▲ $383,080
Other Assets Total$13,750$13,750→ $0
Liabilities
Unsecured Notes Loans Payable$98,189$94,489▼ $3,700
Deferred Revenue$15,850$28,097▲ $12,247
Accounts Payable and Accrued Expenses$20,355$15,836▼ $4,519
Other Liabilities$2,250$2,000▼ $250
Total Liabilities$136,644$140,422▲ $3,778
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$236,082$622,987▲ $386,905
Net Assets With Donor Restrictions$12,197$4,594▼ $7,603
Total Net Assets Fund Balance$248,279$627,581▲ $379,302
Total Liabilities and Net Assets / Fund Balance$384,923$768,003▲ $383,080

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,855$42,998$51,853
Compensation and Service Providers

Employees

NameTitleBaseTotal
Max MelbyDirector$52,873$52,873
Jamie TeigenAssistant Director$52,730$52,730
Molly DunninganStaff Secretary$13,621$13,621

Board Members and Trustees

NameTitle
Leah BrzezinskiChair
Katy HokansonVice President
Blake SchmidtBoard Member at Large
Chrissy BurnsideBoard Member at Large
Diane MoncriefBoard Member at Large
Heidi StiltonBoard Member at Large
Tom AllenburgBoard Member at Large
Rob BrzezinskiFounder
Erica BugenhagenSecretary
Diane SpanglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$122,889
Program Service Revenue
$678,602
Investment Income
$0
Other Revenue
$205,337
All Other Contributions
$24,700
Change in Net Assets
$379,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$445,922
Other Expenses$181,603
Total Fundraising Expense$798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$214,107$63,954-$278,061
Current Officers, Directors, Trustees, and Key Employees$91,802$27,422-$119,224
Occupancy$84,225$9,358-$93,583
Fees for Services Other$36,628$4,070-$40,698
Payroll Taxes$23,035$6,881-$29,916
Other Employee Benefits$14,415$4,306-$18,721
Fees for Services Accounting$13,120$1,458-$14,578
Insurance$9,201$1,022-$10,223
Office Expenses$3,854$428-$4,282
Information Technology$3,297$366-$3,663
Depreciation Depletion$2,355$262-$2,617
All Other Expenses$294$33$798$1,125
Other Expenses$1,000$179-$1,000
Conferences and Meetings$372$41-$413
Advertising$238--$238
Total Functional Expenses$506,207$120,520$798$627,525
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
Sublet Security Deposits$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Section A, Line 2

Rob brzezinski and leah brzezinski are husband and wife.

Form 990, Part VI, Section B, Line 11B

The 990 is presented to the board for review and approval prior to mailing.

Form 990, Part VI, Section C, Line 19

AVALIABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Arete Academy
EIN
46-5681606
Phone
9527377601
Address
4330 CEDAR LAKE ROAD S, MINNEAPOLIS, MN 55416

Signing Officer

Name
Leah Brzezinski
Title
Founder
Phone
9527377601
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leah Brzezinski
Formed
2014
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
12

Preparer

Firm
Lb Carlson Llp
Address
605 HIGHWAY 169 SUITE 650, MINNEAPOLIS, MN 55441
Preparer
Michael T Niznik CPA
Phone
7635358150
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -1.

Raw XML AppendixShowing 400 of 455 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0ARETE A2E2, LOCATED IN MINNEAPOLIS, MN, AKA ARETE ACADEMY OF EXCEPTIONAL EDUCATION, IS A PRIVATE SCHOOL WHICH PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN GRADES 5-12 WHO ARE TWICE EXCEPTIONAL. TWICE EXCEPTIONAL STUDENTS ARE BOTH GIFTED AND HAVE A LEARNING DISABILITY SUCH AS DYSLEXIA, DYSGRAPHIA, AUDITORY PROCESSING DISORDERS, AND/OR ADHD. THE SCHOOL PROVIDES SENSORY-FRIENDLY CLASSROOMS AND OPERATES ON A TYPICAL SCHOOL-YEAR CALENDAR. SUMMER PROGRAMS ARE ALSO PROVIDED BY THE SCHOOL. OUR EXEMPT PURPOSE IS TO OPERATE AS A SCHOOL AND PROVIDE EDUCATIONAL OPPORTUNITIES AND SUPPORT SERVICES TO BRIGHT YOUTHS WHO LEARN DIFFERENTLY.
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1226
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2179
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IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROB BRZEZINSKI AND LEAH BRZEZINSKI ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVALIABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
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IRS990/TotalProgramServiceRevenueAmt0678602
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