Civic Intelligence

Fit Academy

990 • Fiscal year 2019 • EIN 47-4006097

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 08, 2020

Organization ProfileWWW.FITACADEMYMN.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

91st percentile

0.90x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.88x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

59th percentile

7.0%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

67th percentile

$98,053

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

98th percentile

287%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

56%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$3,835,846

Up $2,844,773 (+287%) from 2018

Net Assets

Up

$377,883

Up $273,994 (+264%) from 2018

Liabilities

Up

$3,457,963

Up $2,570,779 (+290%) from 2018

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin59th percentile

Revenue

Up

$3,940,351

Up $1,409,751 (+56%) from 2018

Expenses

Up

$3,666,357

Up $1,208,214 (+49%) from 2018

Net Income

Up

$273,994

Up $201,537 (+278%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2019

Assets$3,835,846
Liabilities$3,457,963
Net Assets$377,883
Open 2019 Filing

Operations Trend

Revenue Growth89th 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

2019

Revenue$3,940,351
Expenses$3,666,357
Net Income$273,994
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 8, 2020
Return Version
2018v3.1
Gross Receipts
$3,941,620
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 prepares the whole student to lead a fulfilling, responsible, and successful life by purposefully integrating the three development areas of fitness & health, intellectual development, and teamwork & character into the educational experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$332,990$839,505▲ $506,515
Land, Buildings, and Equipment, Net$116,685$207,536▲ $90,851
Pd in Cap Srpls Land Bldg Eqp Fund$0$207,536▲ $207,536
Cap Stk Tr Prin Current Funds$103,298$170,347▲ $67,049
Cash and Non-Interest-Bearing Accounts$80,234$96,311▲ $16,077
Prepaid Expenses and Deferred Charges$15,347$44,707▲ $29,360
Accounts Receivable$851$9,804▲ $8,953
Rtn Earn Endowment Incm Other Fnds$591$0▼ $591
Total Assets$991,073$3,835,846▲ $2,844,773
Other Assets Total$444,966$2,637,983▲ $2,193,017
Liabilities
Other Liabilities$458,974$2,432,095▲ $1,973,121
Accounts Payable and Accrued Expenses$211,823$554,790▲ $342,967
Unsecured Notes Loans Payable$214,900$470,977▲ $256,077
Deferred Revenue$1,459$101▼ $1,358
Grants Payable$28--
Total Liabilities$887,184$3,457,963▲ $2,570,779
Net Assets / Fund Balance
Total Net Assets Fund Balance$103,889$377,883▲ $273,994
Total Liabilities and Net Assets / Fund Balance$991,073$3,835,846▲ $2,844,773

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$190,702$35,966$226,668
Leasehold Improvements$16,834$3,311$20,145
Other Assets Org$2,637,983--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExecutive DirectorFT$90,500$7,553$98,053
Angela HalamaFormer MemberFT$54,988$4,827$59,815
Ed CassidyFormer MemberFT$54,634$4,883$59,517
Jon AndersonFormer MemberFT$39,688$13,379$53,067
Shannon BakerMemberFT$47,177$3,963$51,140

Board Members and Trustees

NameTitle
Jan MarkisonChair
Mark CottonFormer Member
Paul AndersonMember
Quinn BorgstromSecretary
Nancy SchneiderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Moving Matters LLCSpecial Education Dape Services1320 RIVERSIDE LANE 106, Mendota Heights, MN 55118$107,546
Revenue and Support

Revenue Composition

Contributions and Grants
$3,844,510
Program Service Revenue
$93,382
Investment Income
$2,459
Other Revenue
$0
All Other Contributions
$8,232
Change in Net Assets
$273,994

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,940,351
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,940,351
Total Revenue per Form 990
$3,940,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,924,340
Salaries, Compensation, and Employee Benefits$1,742,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,132,461$185,738-$1,318,199
Fees for Services Other$542,253$38,382-$580,635
Occupancy$454,092$71,801-$525,893
Current Officers, Directors, Trustees, and Key Employees$327,656--$327,656
Travel$262,370$413-$262,783
Other Employee Benefits$146,740$11,966-$158,706
Payroll Taxes$105,007$14,125-$119,132
Fees for Services Accounting-$67,805-$67,805
Information Technology$46,149$4,800-$50,949
Other Expenses$15,978$32,977-$48,955
All Other Expenses$7,182$24,717-$31,899
Depreciation Depletion$18,621$6,241-$24,862
Fees for Services Legal-$18,105-$18,105
Interest-$17,400-$17,400
Insurance-$12,907-$12,907
Office Expenses-$5,430-$5,430
Advertising-$3,859-$3,859
Pension Plan Contributions$-164,149$-17,527-$-181,676
Total Functional Expenses$3,024,547$641,810$0$3,666,357

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,666,357
Total Expenses per Audited Statements$3,666,357
Total Expenses per Form 990$3,666,357
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
Deferred Inflows - Pensions$1,412,458
Noncurrent Pension Liability$1,019,637
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. The final public disclosure copy of the 990 will be provided to the board of directors after 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 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
2020-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claud Allaire
Formed
2014
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
61
Volunteers
10

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 IX, Line 11G

“Other service fees: program service expenses 48,777. Management and general expenses 38,382. Fundraising expenses 0. Total expenses 87,159. Special education contractors: program service expenses 493,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 493,476.”

Raw XML AppendixShowing 400 of 469 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/BOYAmt0211823
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0554790
IRS990/AccountsReceivableGrp/BOYAmt0851
IRS990/AccountsReceivableGrp/EOYAmt09804
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FIT ACADEMY PREPARES THE WHOLE STUDENT TO LEAD A FULFILLING, RESPONSIBLE, AND SUCCESSFUL LIFE BY PURPOSEFULLY INTEGRATING THE THREE DEVELOPMENT AREAS OF FITNESS & HEALTH, INTELLECTUAL DEVELOPMENT, AND TEAMWORK & CHARACTER INTO THE EDUCATIONAL EXPERIENCE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03859
IRS990/AdvertisingGrp/TotalAmt03859
IRS990/AllOtherContributionsAmt08232
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt024717
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07182
IRS990/AllOtherExpensesGrp/TotalAmt031899
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0CHUCK HERDEGEN BERGANKDV
IRS990/BooksInCareOfDetail/PhoneNum06123087864
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/CapStkTrPrinCurrentFundsGrp/BOYAmt0103298
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0170347
IRS990/CashNonInterestBearingGrp/BOYAmt080234
IRS990/CashNonInterestBearingGrp/EOYAmt096311
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0327656
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0327656
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0107546
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 LLC
IRS990/ContractorCompensationGrp/ServicesDesc0SPECIAL EDUCATION DAPE SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03844510
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02459
IRS990/CYOtherExpensesAmt01924340
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt093382
IRS990/CYRevenuesLessExpensesAmt0273994
IRS990/CYSalariesCompEmpBnftPaidAmt01742017
IRS990/CYTotalExpensesAmt03666357
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03940351
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01459
IRS990/DeferredRevenueGrp/EOYAmt0101
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06241
IRS990/DepreciationDepletionGrp/ProgramServicesAmt018621
IRS990/DepreciationDepletionGrp/TotalAmt024862
IRS990/Desc0THE SCHOOL CONTINUES TO GROW ITS STUDENT ENROLLMENT HAVING ADDED GRADE 9 DURING THIS YEAR. AS THE SCHOOL'S ENROLLMENT CONTINUES TO GROW, SO DO PROGRAMS REQUIRED TO SERVE THOSE STUDENTS. THIS HAS RESULTED IN AN INCREASE IN THE NUMBER OF STAFF EMPLOYED AT THE SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt061
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03024547
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt067805
IRS990/FeesForServicesAccountingGrp/TotalAmt067805
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt018105
IRS990/FeesForServicesLegalGrp/TotalAmt018105
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt038382
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0542253
IRS990/FeesForServicesOtherGrp/TotalAmt0580635
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt43963
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt54883
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt64827
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt813379
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt97553
IRS990/Form990PartVIISectionAGrp/PersonNm0JAN MARKISON
IRS990/Form990PartVIISectionAGrp/PersonNm1NANCY SCHNEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm2QUINN BORGSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SHANNON BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm5ED CASSIDY
IRS990/Form990PartVIISectionAGrp/PersonNm6ANGELA HALAMA
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK COTTON
IRS990/Form990PartVIISectionAGrp/PersonNm8JON ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm9CLAUD ALLAIRE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt447177
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt554634
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt654988
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt839688
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt990500
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt02459
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt03836278
IRS990/GrantsPayableGrp/BOYAmt028
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03728
IRS990/GrossReceiptsAmt03941620
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04800
IRS990/InformationTechnologyGrp/ProgramServicesAmt046149
IRS990/InformationTechnologyGrp/TotalAmt050949
IRS990/InsuranceGrp/ManagementAndGeneralAmt012907
IRS990/InsuranceGrp/TotalAmt012907
IRS990/InterestGrp/ManagementAndGeneralAmt017400
IRS990/InterestGrp/TotalAmt017400
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt039277
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0116685
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0207536
IRS990/LandBldgEquipCostOrOtherBssAmt0246813
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01269
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FIT ACADEMY PREPARES THE WHOLE STUDENT TO LEAD A FULFILLING, RESPONSIBLE, AND SUCCESSFUL LIFE BY PURPOSEFULLY INTEGRATING THE THREE DEVELOPMENT AREAS OF FITNESS & HEALTH, INTELLECTUAL DEVELOPMENT, AND TEAMWORK & CHARACTER INTO THE EDUCATIONAL EXPERIENCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0103889
IRS990/NetAssetsOrFundBalancesEOYAmt0377883
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02459
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02459
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt071801
IRS990/OccupancyGrp/ProgramServicesAmt0454092
IRS990/OccupancyGrp/TotalAmt0525893
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05430
IRS990/OfficeExpensesGrp/TotalAmt05430
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0444966
IRS990/OtherAssetsTotalGrp/EOYAmt02637983
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011966
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0146740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0158706
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2FOOD/MILK
IRS990/OtherExpensesGrp/Desc3NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0136356
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13136
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23179
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt332977
IRS990/OtherExpensesGrp/ProgramServicesAmt065783
IRS990/OtherExpensesGrp/ProgramServicesAmt164404
IRS990/OtherExpensesGrp/ProgramServicesAmt215978
IRS990/OtherExpensesGrp/TotalAmt0136356
IRS990/OtherExpensesGrp/TotalAmt168919
IRS990/OtherExpensesGrp/TotalAmt267583
IRS990/OtherExpensesGrp/TotalAmt348955
IRS990/OtherLiabilitiesGrp/BOYAmt0458974
IRS990/OtherLiabilitiesGrp/EOYAmt02432095
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0185738
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01132461
IRS990/OtherSalariesAndWagesGrp/TotalAmt01318199
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014125
IRS990/PayrollTaxesGrp/ProgramServicesAmt0105007
IRS990/PayrollTaxesGrp/TotalAmt0119132
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0207536
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-17527
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-164149
IRS990/PensionPlanContributionsGrp/TotalAmt0-181676
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0332990
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0839505
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015347
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044707
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt077650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt077650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115732
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02472073
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01188366
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt058527
IRS990/PYRevenuesLessExpensesAmt072457
IRS990/PYSalariesCompEmpBnftPaidAmt01269777
IRS990/PYTotalExpensesAmt02458143
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02530600
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0273994
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt093382
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0591
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0190702
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035966
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0226668
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03666357
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016834
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03311
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020145
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02637983
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01412458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11019637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NONCURRENT PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03940351
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0207536
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02637983
IRS990ScheduleD/TotalExpensesPerForm990Amt03666357
IRS990ScheduleD/TotalLiabilityAmt02432095
IRS990ScheduleD/TotalRevenuePerForm990Amt03940351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03940351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03666357
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/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 SCHOOL'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 FINANCIAL MANAGER. THE FINAL PUBLIC DISCLOSURE COPY OF THE 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS AFTER THE FORM IS FILED WITH THE IRS.
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 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 48,777. MANAGEMENT AND GENERAL EXPENSES 38,382. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,159. SPECIAL EDUCATION CONTRACTORS: PROGRAM SERVICE EXPENSES 493,476. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 493,476.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0991073
IRS990/TotalAssetsEOYAmt03835846
IRS990/TotalAssetsGrp/BOYAmt0991073
IRS990/TotalAssetsGrp/EOYAmt03835846
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03844510
IRS990/TotalEmployeeCnt061
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0641810
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03024547
IRS990/TotalFunctionalExpensesGrp/TotalAmt03666357
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0887184

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,835,846
Liabilities
$3,457,963
Net assets
$377,883
Revenue
$3,940,351
Expenses
$3,666,357
Net income
$273,994
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