Civic Intelligence

Fit Academy

990 • Fiscal year 2018 • EIN 47-4006097

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

Organization ProfileFITACADEMYMN.ORG
7200 147th Street WApple Valley, MN 55124

(952) 847-3798

Siviq Scores

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

Liabilities / Assets

90th percentile

0.90x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.35x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

50th percentile

2.9%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

63rd percentile

$87,762

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

99th percentile

1102%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

1225%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$991,073

Up $908,610 (+1102%) from 2017

Net Assets

Up

$103,889

Up $72,457 (+231%) from 2017

Liabilities

Up

$887,184

Up $836,153 (+1639%) from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin50th percentile

Revenue

Up

$2,530,600

Up $2,339,591 (+1225%) from 2017

Expenses

Up

$2,458,143

Up $2,298,566 (+1440%) from 2017

Net Income

Up

$72,457

Up $41,025 (+131%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2018

Assets$991,073
Liabilities$887,184
Net Assets$103,889
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$2,530,600
Expenses$2,458,143
Net Income$72,457
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$2,530,600
Mission and Program Overview

Mission

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.

Fit academy's mission is to prepare students by providing a balanced approach to the mental, physical, and emotional development of students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$29,432$332,990▲ $303,558
Land, Buildings, and Equipment, Net$25,958$116,685▲ $90,727
Cash and Non-Interest-Bearing Accounts$22,855$80,234▲ $57,379
Prepaid Expenses and Deferred Charges-$15,347-
Accounts Receivable-$851-
Total Assets$82,463$991,073▲ $908,610
Other Assets Total$4,218$444,966▲ $440,748
Liabilities
Other Liabilities$0$458,974▲ $458,974
Unsecured Notes Loans Payable$14,900$214,900▲ $200,000
Accounts Payable and Accrued Expenses$36,131$211,823▲ $175,692
Deferred Revenue-$1,459-
Grants Payable-$28-
Total Liabilities$51,031$887,184▲ $836,153
Net Assets / Fund Balance
Unrestricted Net Assets$31,432$103,298▲ $71,866
Temporarily Rstr Net Assets-$591-
Total Net Assets Fund Balance$31,432$103,889▲ $72,457
Total Liabilities and Net Assets / Fund Balance$82,463$991,073▲ $908,610

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$98,310$12,645$110,955
Leasehold Improvements$18,375$1,770$20,145
Other Assets Org$444,966--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExucutive DirectorFT$80,976$6,786$87,762
Edward CassidyMemberFT$18,369$1,673$20,042
Angie HalamaSecretaryFT$17,485$1,677$19,162

Board Members and Trustees

NameTitle
Ken ThielmanBoard Chair
Mark CottonMember
Quinn BorgstromMember
Nancy SchneiderTreasurer
Paul AndersonVice Chiar

Highest Paid Contractors

ContractorServicesLocationCompensation
Moving MattersSpecial Education Dape Services1320 RIVERSIDE LANE 106, Mendota Heights, MN 55118$133,936
Revenue and Support

Revenue Composition

Contributions and Grants
$2,472,073
Program Service Revenue
$58,527
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,689
Change in Net Assets
$72,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,530,600
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,530,600
Total Revenue per Form 990
$2,530,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,269,777
Other Expenses$1,188,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$721,081$135,572-$856,653
Fees for Services Other$398,242$102,884-$501,126
Occupancy$345,844$211-$346,055
Current Officers, Directors, Trustees, and Key Employees$188,140--$188,140
Other Employee Benefits$80,648$6,961-$87,609
Payroll Taxes$66,530$10,295-$76,825
Pension Plan Contributions$50,382$10,168-$60,550
Information Technology$47,072$8,517-$55,589
Insurance$23,843$1,022-$24,865
Other Expenses$239$20,273-$20,512
Depreciation Depletion$10,939$2,854-$13,793
Interest$6,095--$6,095
Travel$3,724$30-$3,754
Office Expenses-$789-$789
Total Functional Expenses$2,135,022$323,121$0$2,458,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,458,143
Total Expenses per Audited Statements$2,458,143
Total Expenses per Form 990$2,458,143
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
Noncurrent Pension Liability$371,174
Current Deferred Inflows - Pensions$87,800
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 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
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, 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 school'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 financial manager before the form is filed with the irs.”

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 15

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

Form 990, Part VI, Section C, Line 19

“The organization's documents are made available on the school's website and 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
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claud Allaire
Formed
2014
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
35
Volunteers
12

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 III, Line 2

“This was fit academy's first year of service for students.”

Form 990, Part IX, Line 11G

“Transportation contract: program service expenses 44,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,903. Other service fees: program service expenses 353,339. Management and general expenses 102,884. Fundraising expenses 0. Total expenses 456,223.”

Raw XML AppendixShowing 400 of 439 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt036131
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0211823
IRS990/AccountsReceivableGrp/EOYAmt0851
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FIT ACADEMY'S MISSION IS TO PREPARE STUDENTS BY PROVIDING A BALANCED APPROACH TO THE MENTAL, PHYSICAL, AND EMOTIONAL DEVELOPMENT OF STUDENTS.
IRS990/AllOtherContributionsAmt07689
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0CHUCK HERDEGEN BERGANKDV
IRS990/BooksInCareOfDetail/PhoneNum09525636860
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt022488 CHIPPENDALE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FARMINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055024
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt022855
IRS990/CashNonInterestBearingGrp/EOYAmt080234
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0188140
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0188140
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0133936
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01320 RIVERSIDE LANE 106
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MENDOTA HEIGHTS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055118
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0MOVING MATTERS
IRS990/ContractorCompensationGrp/ServicesDesc0SPECIAL EDUCATION DAPE SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02472073
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01188366
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt058527
IRS990/CYRevenuesLessExpensesAmt072457
IRS990/CYSalariesCompEmpBnftPaidAmt01269777
IRS990/CYTotalExpensesAmt02458143
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02530600
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt01459
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02854
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010939
IRS990/DepreciationDepletionGrp/TotalAmt013793
IRS990/Desc0THIS WAS THE SCHOOL'S FIRST YEAR OF OPERATION, SERVING STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt035
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02135022
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0102884
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0398242
IRS990/FeesForServicesOtherGrp/TotalAmt0501126
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt21677
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt41673
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt76786
IRS990/Form990PartVIISectionAGrp/PersonNm0KEN THIELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGIE HALAMA
IRS990/Form990PartVIISectionAGrp/PersonNm3NANCY SCHNEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWARD CASSIDY
IRS990/Form990PartVIISectionAGrp/PersonNm5MARK COTTON
IRS990/Form990PartVIISectionAGrp/PersonNm6QUINN BORGSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm7CLAUD ALLAIRE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt217485
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt418369
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt780976
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHIAR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXUCUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt02464384
IRS990/GrantsPayableGrp/EOYAmt028
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02530600
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08517
IRS990/InformationTechnologyGrp/ProgramServicesAmt047072
IRS990/InformationTechnologyGrp/TotalAmt055589
IRS990/InsuranceGrp/ManagementAndGeneralAmt01022
IRS990/InsuranceGrp/ProgramServicesAmt023843
IRS990/InsuranceGrp/TotalAmt024865
IRS990/InterestGrp/ProgramServicesAmt06095
IRS990/InterestGrp/TotalAmt06095
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014415
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025958
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0116685
IRS990/LandBldgEquipCostOrOtherBssAmt0131100
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FIT ACADEMY'S MISSION IS TO PREPARE STUDENTS BY PROVIDING A BALANCED APPROACH TO THE MENTAL, PHYSICAL, AND EMOTIONAL DEVELOPMENT OF STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt031432
IRS990/NetAssetsOrFundBalancesEOYAmt0103889
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0211
IRS990/OccupancyGrp/ProgramServicesAmt0345844
IRS990/OccupancyGrp/TotalAmt0346055
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0789
IRS990/OfficeExpensesGrp/TotalAmt0789
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04218
IRS990/OtherAssetsTotalGrp/EOYAmt0444966
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06961
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt080648
IRS990/OtherEmployeeBenefitsGrp/TotalAmt087609
IRS990/OtherExpensesGrp/Desc0NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2FOOD/MILK
IRS990/OtherExpensesGrp/Desc3DUES/MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt023307
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1238
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220273
IRS990/OtherExpensesGrp/ProgramServicesAmt071887
IRS990/OtherExpensesGrp/ProgramServicesAmt174758
IRS990/OtherExpensesGrp/ProgramServicesAmt245598
IRS990/OtherExpensesGrp/ProgramServicesAmt3239
IRS990/OtherExpensesGrp/TotalAmt095194
IRS990/OtherExpensesGrp/TotalAmt174758
IRS990/OtherExpensesGrp/TotalAmt245836
IRS990/OtherExpensesGrp/TotalAmt320512
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0458974
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0135572
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0721081
IRS990/OtherSalariesAndWagesGrp/TotalAmt0856653
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010295
IRS990/PayrollTaxesGrp/ProgramServicesAmt066530
IRS990/PayrollTaxesGrp/TotalAmt076825
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010168
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt050382
IRS990/PensionPlanContributionsGrp/TotalAmt060550
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt029432
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0332990
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015347
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1MISC. REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt057478
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057478
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11049
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0184609
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt094341
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06400
IRS990/PYRevenuesLessExpensesAmt031432
IRS990/PYSalariesCompEmpBnftPaidAmt065236
IRS990/PYTotalExpensesAmt0159577
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0191009
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt072457
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt058527
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt098310
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012645
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0110955
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02458143
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018375
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01770
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020145
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0444966
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1371174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CURRENT DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NONCURRENT PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02530600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0116685
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0444966
IRS990ScheduleD/TotalExpensesPerForm990Amt02458143
IRS990ScheduleD/TotalLiabilityAmt0458974
IRS990ScheduleD/TotalRevenuePerForm990Amt02530600
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02530600
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02458143
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 ORGANIZATION'S WEBSITE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS WAS FIT ACADEMY'S FIRST YEAR OF SERVICE FOR STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENT 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 SCHOOL'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND FINANCIAL MANAGER BEFORE THE FORM IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD 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/ExplanationTxt5A BOARD COMMITTEE REVIEWS AND RECOMMENDS COMPENSATION EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S DOCUMENTS ARE MADE AVAILABLE ON THE SCHOOL'S WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSPORTATION CONTRACT: PROGRAM SERVICE EXPENSES 44,903. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,903. OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 353,339. MANAGEMENT AND GENERAL EXPENSES 102,884. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 456,223.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0591
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt082463
IRS990/TotalAssetsEOYAmt0991073
IRS990/TotalAssetsGrp/BOYAmt082463
IRS990/TotalAssetsGrp/EOYAmt0991073
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02472073
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0323121
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02135022
IRS990/TotalFunctionalExpensesGrp/TotalAmt02458143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051031
IRS990/TotalLiabilitiesEOYAmt0887184
IRS990/TotalLiabilitiesGrp/BOYAmt051031
IRS990/TotalLiabilitiesGrp/EOYAmt0887184
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031432
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0103889
IRS990/TotalOtherCompensationAmt010136
IRS990/TotalProgramServiceExpensesAmt02135022
IRS990/TotalProgramServiceRevenueAmt058527
IRS990/TotalReportableCompFromOrgAmt0116830
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058527
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02530600
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082463
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0991073
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt030
IRS990/TravelGrp/ProgramServicesAmt03724
IRS990/TravelGrp/TotalAmt03754
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt031432
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0103298
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt014900
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0214900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07200 147TH STREET W
IRS990/USAddress/CityNm0APPLE VALLEY
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055124

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$991,073
Liabilities
$887,184
Net assets
$103,889
Revenue
$2,530,600
Expenses
$2,458,143
Net income
$72,457
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