Civic Intelligence

Fit Academy

EIN 47-4006097 • 501(c)3 • Apple Valley, MN

Profile

Fit academy believes students must have a healthy foundation to achieve academic excellence. Our mission is to provide a rigorous academic experience by offering a balanced approach to the mental, physical, and emotional development of our students.

7200 147th Street WApple Valley, MN 55124

www.fitacademymn.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

1.30x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

25th percentile

-5.6%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$8,000

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

92nd percentile

56%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-0.1%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$8,967,209

Up $298,694 (+3.4%) from 2024

Liabilities

Down

$9,639,767

Down $108,338 (-1.1%) from 2024

Net Assets

Up

-$672,558

Up $407,032 (+38%) from 2024

Operations
Liabilities / Revenue87th percentileNet Margin25th percentile

Revenue

Up

$6,861,214

Up $1,221,235 (+22%) from 2024

Expenses

Up

$6,434,524

Up $170,955 (+2.7%) from 2024

Net Income

Up

$426,690

Up $1,050,280 (+168%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $82,463Liabilities 2017: $51,031Net Assets 2017: $31,4322017Assets 2018: $991,073Liabilities 2018: $887,184Net Assets 2018: $103,8892018Assets 2019: $3,835,846Liabilities 2019: $3,457,963Net Assets 2019: $377,8832019Assets 2020: $3,301,985Liabilities 2020: $3,375,441Net Assets 2020: -$73,4562020Assets 2021: $3,420,661Liabilities 2021: $3,544,057Net Assets 2021: -$123,3962021Assets 2022: $5,343,445Liabilities 2022: $5,711,787Net Assets 2022: -$368,3422022Assets 2023: $9,756,945Liabilities 2023: $10,212,945Net Assets 2023: -$456,0002023Assets 2024: $8,668,515Liabilities 2024: $9,748,105Net Assets 2024: -$1,079,5902024Assets 2025: $8,967,209Liabilities 2025: $9,639,767Net Assets 2025: -$672,5582025

Highlighted filing

2025

Assets$8,967,209
Liabilities$9,639,767
Net Assets-$672,558
Open 2025 Filing

Operations Trend

Revenue Growth34th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $191,009Expenses 2017: $159,577Net Income 2017: $31,4322017Revenue 2018: $2,530,600Expenses 2018: $2,458,143Net Income 2018: $72,4572018Revenue 2019: $3,940,351Expenses 2019: $3,666,357Net Income 2019: $273,9942019Revenue 2020: $3,755,926Expenses 2020: $4,207,265Net Income 2020: -$451,3392020Revenue 2021: $4,405,584Expenses 2021: $4,455,524Net Income 2021: -$49,9402021Revenue 2022: $4,399,675Expenses 2022: $4,644,621Net Income 2022: -$244,9462022Revenue 2023: $5,697,829Expenses 2023: $5,785,487Net Income 2023: -$87,6582023Revenue 2024: $5,639,979Expenses 2024: $6,263,569Net Income 2024: -$623,5902024Revenue 2025: $6,861,214Expenses 2025: $6,434,524Net Income 2025: $426,6902025

Highlighted filing

2025

Revenue$6,861,214
Expenses$6,434,524
Net Income$426,690
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,967,209
Liabilities
$9,639,767
Net assets
-$672,558
Revenue
$6,861,214
Expenses
$6,434,524
Net income
$426,690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.97$9.64$0.67$6.86$6.43$0.43
2024Detailed filing. Detailed filing data is available for this year.$8.67$9.75$1.08$5.64$6.26$0.62
2023Detailed filing. Detailed filing data is available for this year.$9.76$10.2$0.46$5.70$5.79$0.09
2022Detailed filing. Detailed filing data is available for this year.$5.34$5.71$0.37$4.40$4.64$0.24
2021Detailed filing. Detailed filing data is available for this year.$3.42$3.54$0.12$4.41$4.46$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.30$3.38$0.07$3.76$4.21$0.45
2019Detailed filing. Detailed filing data is available for this year.$3.84$3.46$0.38$3.94$3.67$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.89$0.10$2.53$2.46$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.05$0.03$0.19$0.16$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 23, 2026
Return Version
2024v5.5
Gross Receipts
$6,864,352
Mission and Program Overview

Mission

The purpose of fit academy is to prepare the whole student for life. The academy believes it empowers students to live fulfilling, responsible, and successful lives by integrating the three developmental areas of fitness, intellect, and teamwork.

The purpose of fit academy is to prepare the whole student for life. We believe our school empowers students to live fulfilling, responsible, and successful lives by purposefully integrating mental, physical, and emotional development. Our fit acronym represents these as fitness, intellect, and teamwork. These three areas make up the fit acronym and this purposeful integration results in an impact on student development that is far greater than the sum of each individual developmental area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,339,847$6,016,173▼ $323,674
Accounts Receivable$744,273$813,603▲ $69,330
Cash and Non-Interest-Bearing Accounts$214,032$725,359▲ $511,327
Savings and Temporary Cash Investments$254,092$511,747▲ $257,655
Prepaid Expenses and Deferred Charges$20,121$21,653▲ $1,532
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$101,426$-117,856▼ $219,282
Cap Stk Tr Prin Current Funds$-1,181,016$-554,702▲ $626,314
Total Assets$8,668,515$8,967,209▲ $298,694
Other Assets Total$1,096,150$878,674▼ $217,476
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,238,421$6,134,029▼ $104,392
Other Liabilities$3,144,149$2,998,088▼ $146,061
Accounts Payable and Accrued Expenses$365,535$507,650▲ $142,115
Total Liabilities$9,748,105$9,639,767▼ $108,338
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,079,590$-672,558▲ $407,032
Total Liabilities and Net Assets / Fund Balance$8,668,515$8,967,209▲ $298,694

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,396,422$1,383,172$6,779,594
Equipment$276,739$295,236$571,975
Buildings$343,012$53,204$396,216
Other Assets Org$878,674--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExecutive DirectorFT$128,259$12,466$140,725
Molly HunholzSped DirectorFT$110,624$10,338$120,962
Eric KalenzeMemberFT$87,874$11,376$99,250
Shannon BakerMember (former)FT$88,560$8,200$96,760
Angie HalamaMemberFT$74,695$11,548$86,243

Board Members and Trustees

NameTitle
Bill SchneiderChair
Megan ThielfoldtVice-chair
Chrisi DaumMember
Rich PenixMember
Anthony BuhrTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ckc Good FoodFood Service2919 W SERVICE RD, Eagan, MN 55121$312,279
Wfcs Holdings LLCLeasing2801 HENNEPIN AVE PO BOX 285, Minneapolis, MN 55408$113,724
Revenue and Support

Revenue Composition

Contributions and Grants
$6,269,868
Program Service Revenue
$575,316
Investment Income
$17,248
Other Revenue
$-1,218
All Other Contributions
$25,747
Change in Net Assets
$426,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,861,214
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,861,214
Total Revenue per Form 990
$6,861,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,043,592
Other Expenses$2,390,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,199,289$485,255-$2,684,544
Current Officers, Directors, Trustees, and Key Employees$559,225--$559,225
Occupancy$674$515,506-$516,180
Depreciation Depletion$50,052$392,548-$442,600
Fees for Services Other$281,653$96,613-$378,266
Pension Plan Contributions$318,432$43,149-$361,581
Payroll Taxes$208,358$22,667-$231,025
Other Employee Benefits$187,970$19,247-$207,217
Travel$121,461--$121,461
Fees for Services Accounting-$104,505-$104,505
All Other Expenses$58,297$43,965-$102,262
Information Technology$40,014$24,660-$64,674
Other Expenses$18,757$34,087-$52,844
Office Expenses-$32,465-$32,465
Fees for Services Legal-$32,384-$32,384
Insurance-$22,133-$22,133
Advertising-$14,969-$14,969
Interest-$6,489-$6,489
Total Functional Expenses$4,420,670$2,013,854$0$6,434,524

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,434,524
Total Expenses per Audited Statements$6,434,524
Total Expenses per Form 990$6,434,524
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Net Pension Liability$2,233,700
Deferred Inflows - Pensions$764,388
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
Yes
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 6

“Current board members, staff members employed at the school, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect members of the academy's board of directors.”

Form 990, Part VI, Section A, Line 7A

“The members elect the board of directors.”

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

“A draft of the form 990 will be reviewed by the executive director and cfo. After revisions, a copy will be provided to each member of the board of directors for their review.”

Form 990, Part VI, Section B, Line 12C

“Board members annualy complete a conflict of interest statement, and conflicts, if any, are disclosed by members at the beginning of each meeting of the board.”

Form 990, Part VI, Section B, Line 15A

“A board committee reviews and recommends compensation each year.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fit Academy
EIN
47-4006097
Phone
9528473798
Address
7200 147TH STREET W, APPLE VALLEY, MN 55124

Signing Officer

Name
Claud Allaire
Title
Executive Director
Phone
9528473798
Signed
2026-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claud Allaire
Formed
2014
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
5
Employees
86
Volunteers
23

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56301
Preparer
Shelley M Gaetz
Phone
3202510286
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Restated fy24 equity due to change in accounting principle in fy25 -19,658.”

Financial Statement Notes

PART X, LINE 2:

“The academy is recognized by the internal revenue service as a not-for-profit organization under irs code section 501(c)(3). Due to the not-for-profit nature and provisions of the academy, all income and expenses attributable to the mission of the academy are tax exempt and accordingly no provisions or liability for income taxes have been made in the financial statements and contributions to the academy are tax deductible to donors as allowed by irs regulations. However, the academy is required to pay state and federal income taxes on unrelated business income. If the academy were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The academy is open subject to examination generally for three years after the filing date.”

Raw XML AppendixShowing 400 of 481 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/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SPED DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt06244121
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06864352
IRS990/GrossSalesOfInventoryAmt01920
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt024660
IRS990/InformationTechnologyGrp/ProgramServicesAmt040014
IRS990/InformationTechnologyGrp/TotalAmt064674
IRS990/InsuranceGrp/ManagementAndGeneralAmt022133
IRS990/InsuranceGrp/TotalAmt022133
IRS990/InterestGrp/ManagementAndGeneralAmt06489
IRS990/InterestGrp/TotalAmt06489
IRS990/InvestmentIncomeGrp/ExclusionAmt017248
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017248
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt06339847
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06016173
IRS990/LandBldgEquipCostOrOtherBssAmt07747785
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FIT ACADEMY BELIEVES STUDENTS MUST HAVE A HEALTHY FOUNDATION TO ACHIEVE ACADEMIC EXCELLENCE. OUR MISSION IS TO PROVIDE A RIGOROUS ACADEMIC EXPERIENCE BY OFFERING A BALANCED APPROACH TO THE MENTAL, PHYSICAL, AND EMOTIONAL DEVELOPMENT OF OUR STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06238421
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06134029
IRS990/NetAssetsOrFundBalancesBOYAmt0-1079590
IRS990/NetAssetsOrFundBalancesEOYAmt0-672558
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-1218
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-1218
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0515506
IRS990/OccupancyGrp/ProgramServicesAmt0674
IRS990/OccupancyGrp/TotalAmt0516180
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032465
IRS990/OfficeExpensesGrp/TotalAmt032465
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01096150
IRS990/OtherAssetsTotalGrp/EOYAmt0878674
IRS990/OtherChangesInNetAssetsAmt0-19658
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019247
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0187970
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0207217
IRS990/OtherExpensesGrp/Desc0FOOD/MILK
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0881
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1121891
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2440
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt334087
IRS990/OtherExpensesGrp/ProgramServicesAmt0318616
IRS990/OtherExpensesGrp/ProgramServicesAmt157872
IRS990/OtherExpensesGrp/ProgramServicesAmt218757
IRS990/OtherExpensesGrp/TotalAmt0319497
IRS990/OtherExpensesGrp/TotalAmt1121891
IRS990/OtherExpensesGrp/TotalAmt258312
IRS990/OtherExpensesGrp/TotalAmt352844
IRS990/OtherLiabilitiesGrp/BOYAmt03144149
IRS990/OtherLiabilitiesGrp/EOYAmt02998088
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0485255
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02199289
IRS990/OtherSalariesAndWagesGrp/TotalAmt02684544
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022667
IRS990/PayrollTaxesGrp/ProgramServicesAmt0208358
IRS990/PayrollTaxesGrp/TotalAmt0231025
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0101426
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-117856
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt043149
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0318432
IRS990/PensionPlanContributionsGrp/TotalAmt0361581
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020121
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021653
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0507845
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0507845
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt167471
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05581848
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04866
IRS990/PYOtherExpensesAmt02106099
IRS990/PYOtherRevenueAmt0-4651
IRS990/PYProgramServiceRevenueAmt057916
IRS990/PYRevenuesLessExpensesAmt0-623590
IRS990/PYSalariesCompEmpBnftPaidAmt04157470
IRS990/PYTotalExpensesAmt06263569
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05639979
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0426690
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0575316
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0254092
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0511747
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0343012
IRS990ScheduleD/BuildingsGrp/DepreciationAmt053204
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0396216
IRS990ScheduleD/EquipmentGrp/BookValueAmt0276739
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0295236
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0571975
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06434524
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0878674
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05396422
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01383172
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06779594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0764388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12233700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06861214
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISIONS OF THE ACADEMY, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ACADEMY ARE TAX EXEMPT AND ACCORDINGLY NO PROVISIONS OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ACADEMY ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ACADEMY IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ACADEMY WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ACADEMY IS OPEN SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06016173
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0878674
IRS990ScheduleD/TotalExpensesPerForm990Amt06434524
IRS990ScheduleD/TotalLiabilityAmt02998088
IRS990ScheduleD/TotalRevenuePerForm990Amt06861214
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06861214
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06434524
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES STATE AND FEDERAL FUNDING PASSED THROUGH THE MINNESOTA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CURRENT BOARD MEMBERS, STAFF MEMBERS EMPLOYED AT THE SCHOOL, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT MEMBERS OF THE ACADEMY'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND CFO. AFTER REVISIONS, A COPY WILL BE PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ANNUALY COMPLETE A CONFLICT OF INTEREST STATEMENT, AND CONFLICTS, IF ANY, ARE DISCLOSED BY MEMBERS AT THE BEGINNING OF EACH MEETING OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A BOARD COMMITTEE REVIEWS AND RECOMMENDS COMPENSATION EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RESTATED FY24 EQUITY DUE TO CHANGE IN ACCOUNTING PRINCIPLE IN FY25 -19,658.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00

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