Civic Intelligence

Fit Academy

990 • Fiscal year 2021 • EIN 47-4006097

Jul 01, 2020 to Jun 30, 2021 • Filed on May 03, 2022

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

94th percentile

1.04x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.80x

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

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

Net Margin

23rd percentile

-1.1%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

77th percentile

$118,829

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

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

Asset Growth

37th percentile

3.6%

Faster asset growth than 37% of similar nonprofits.

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

Revenue Growth

55th percentile

17%

Faster revenue growth than 55% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$3,420,661

Up $118,676 (+3.6%) from 2020

Net Assets

Down

-$123,396

Down $49,940 (-68%) from 2020

Liabilities

Up

$3,544,057

Up $168,616 (+5.0%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin23rd percentile

Revenue

Up

$4,405,584

Up $649,658 (+17%) from 2020

Expenses

Up

$4,455,524

Up $248,259 (+5.9%) from 2020

Net Income

Up

-$49,940

Up $401,399 (+89%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2021

Assets$3,420,661
Liabilities$3,544,057
Net Assets-$123,396
Open 2021 Filing

Operations Trend

Revenue Growth55th 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

2021

Revenue$4,405,584
Expenses$4,455,524
Net Income-$49,940
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 3, 2022
Return Version
2020v4.2
Gross Receipts
$4,405,584
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$102,586$547,630▲ $445,044
Cash and Non-Interest-Bearing Accounts$284,691$238,026▼ $46,665
Land, Buildings, and Equipment, Net$177,958$211,226▲ $33,268
Pd in Cap Srpls Land Bldg Eqp Fund$177,958$211,226▲ $33,268
Prepaid Expenses and Deferred Charges$115,694$41,457▼ $74,237
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-251,414$-334,622▼ $83,208
Total Assets$3,301,985$3,420,661▲ $118,676
Other Assets Total$2,621,056$2,382,322▼ $238,734
Liabilities
Other Liabilities$2,769,977$2,989,585▲ $219,608
Accounts Payable and Accrued Expenses$229,670$427,225▲ $197,555
Unsecured Notes Loans Payable$372,700$120,700▼ $252,000
Deferred Revenue$3,094$6,547▲ $3,453
Total Liabilities$3,375,441$3,544,057▲ $168,616
Net Assets / Fund Balance
Total Net Assets Fund Balance$-73,456$-123,396▼ $49,940
Total Liabilities and Net Assets / Fund Balance$3,301,985$3,420,661▲ $118,676

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$193,544$103,450$296,994
Leasehold Improvements$17,682$6,748$24,430
Other Assets Org$2,382,322--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExecutive DirectorFT$110,000$8,829$118,829
Angie HalamaSecretaryFT$66,258$5,270$71,528
Shannon BakerMemberFT$57,083$4,534$61,617

Board Members and Trustees

NameTitle
Jan MarkisonChair
Sean AlterFormer Member
Quinn BorgstromFormer Secretary
Nancy SchneiderFormer Treasurer
Christopher StookeyMember
Megan OlsonMember
Rebekah TurnerMember
Bill SchneiderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
7200 LLCRent - BuildingPO BOX 967, Lakeville, MN 55044$514,010
Revenue and Support

Revenue Composition

Contributions and Grants
$4,021,477
Program Service Revenue
$11,088
Investment Income
$0
Other Revenue
$373,019
All Other Contributions
$10,987
Change in Net Assets
$-49,940

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,405,584
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,405,584
Total Revenue per Form 990
$4,405,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,174,235
Other Expenses$1,281,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,701,099$205,482-$1,906,581
Pension Plan Contributions$562,308$60,675-$622,983
Occupancy$423,549$76,870-$500,419
Other Employee Benefits$233,283$15,291-$248,574
Fees for Services Other$221,587$21,517-$243,104
Current Officers, Directors, Trustees, and Key Employees$238,406--$238,406
Payroll Taxes$142,342$15,349-$157,691
Fees for Services Accounting-$84,332-$84,332
Travel$66,656$356-$67,012
All Other Expenses$5,301$47,576-$52,877
Information Technology$37,078$10,497-$47,575
Depreciation Depletion$29,116$9,652-$38,768
Other Expenses$29,482$0-$29,482
Office Expenses$1,860$17,047-$18,907
Insurance$2,452$14,714-$17,166
Advertising-$6,081-$6,081
Fees for Services Legal-$3,146-$3,146
Interest-$109-$109
Total Functional Expenses$3,780,629$674,895$0$4,455,524

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,455,524
Total Expenses per Audited Statements$4,455,524
Total Expenses per Form 990$4,455,524
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$2,211,907
Deferred Inflows - Pensions$777,678
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
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claud Allaire
Formed
2014
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
81
Volunteers
9

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

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 482 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/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/ExclusionAmt0319
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0319
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt076870
IRS990/OccupancyGrp/ProgramServicesAmt0423549
IRS990/OccupancyGrp/TotalAmt0500419
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017047
IRS990/OfficeExpensesGrp/ProgramServicesAmt01860
IRS990/OfficeExpensesGrp/TotalAmt018907
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02621056
IRS990/OtherAssetsTotalGrp/EOYAmt02382322
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015291
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0233283
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0248574
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FOOD/MILK
IRS990/OtherExpensesGrp/Desc2GRANT EXPENSES
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt073315
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212886
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt165392
IRS990/OtherExpensesGrp/ProgramServicesAmt220718
IRS990/OtherExpensesGrp/ProgramServicesAmt329482
IRS990/OtherExpensesGrp/TotalAmt073315
IRS990/OtherExpensesGrp/TotalAmt165392
IRS990/OtherExpensesGrp/TotalAmt233604
IRS990/OtherExpensesGrp/TotalAmt329482
IRS990/OtherLiabilitiesGrp/BOYAmt02769977
IRS990/OtherLiabilitiesGrp/EOYAmt02989585
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0PPP LOAN FORGIVENESS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0372700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0372700
IRS990/OtherRevenueTotalAmt0372700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0205482
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01701099
IRS990/OtherSalariesAndWagesGrp/TotalAmt01906581
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015349
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142342
IRS990/PayrollTaxesGrp/TotalAmt0157691
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0177958
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0211226
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt060675
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0562308
IRS990/PensionPlanContributionsGrp/TotalAmt0622983
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0115694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041457
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011088
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011088
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03712618
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01437781
IRS990/PYOtherRevenueAmt038
IRS990/PYProgramServiceRevenueAmt043270
IRS990/PYRevenuesLessExpensesAmt0-451339
IRS990/PYSalariesCompEmpBnftPaidAmt02769484
IRS990/PYTotalExpensesAmt04207265
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03755926
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-49940
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0383788
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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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/EquipmentGrp/BookValueAmt0193544
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0103450
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0296994
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04455524
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017682
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06748
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt024430
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02382322
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0777678
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12211907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04405584
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/TotalBookValueLandBuildingsAmt0211226
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02382322
IRS990ScheduleD/TotalExpensesPerForm990Amt04455524
IRS990ScheduleD/TotalLiabilityAmt02989585
IRS990ScheduleD/TotalRevenuePerForm990Amt04405584
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04405584
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04455524
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/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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,420,661
Liabilities
$3,544,057
Net assets
-$123,396
Revenue
$4,405,584
Expenses
$4,455,524
Net income
-$49,940
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