Civic Intelligence

Fit Academy

990 • Fiscal year 2022 • EIN 47-4006097

Jul 01, 2021 to Jun 30, 2022 • Filed on May 04, 2023

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

95th percentile

1.07x

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

2022 filings • 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.

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

Net Margin

23rd percentile

-5.6%

Higher net margin than 23% of similar nonprofits.

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

Top Officer Pay

55th percentile

$134,568

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

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

Asset Growth

91st percentile

56%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

41st percentile

-0.1%

Faster revenue growth than 41% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$5,343,445

Up $1,922,784 (+56%) from 2021

Net Assets

Down

-$368,342

Down $244,946 (-199%) from 2021

Liabilities

Up

$5,711,787

Up $2,167,730 (+61%) from 2021

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin23rd percentile

Revenue

Down

$4,399,675

Down $5,909 (-0.1%) from 2021

Expenses

Up

$4,644,621

Up $189,097 (+4.2%) from 2021

Net Income

Down

-$244,946

Down $195,006 (-390%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2022

Assets$5,343,445
Liabilities$5,711,787
Net Assets-$368,342
Open 2022 Filing

Operations Trend

Revenue Growth41st 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

2022

Revenue$4,399,675
Expenses$4,644,621
Net Income-$244,946
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.2
Gross Receipts
$4,399,945
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. 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$211,226$2,359,255▲ $2,148,029
Cash and Non-Interest-Bearing Accounts$238,026$369,330▲ $131,304
Accounts Receivable$547,630$249,102▼ $298,528
Pd in Cap Srpls Land Bldg Eqp Fund$211,226$168,023▼ $43,203
Prepaid Expenses and Deferred Charges$41,457$10,614▼ $30,843
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-334,622$-536,365▼ $201,743
Total Assets$3,420,661$5,343,445▲ $1,922,784
Other Assets Total$2,382,322$2,355,144▼ $27,178
Liabilities
Other Liabilities$2,989,585$3,228,857▲ $239,272
Mortgage Notes Payable Secured by Investment Property-$2,191,232-
Accounts Payable and Accrued Expenses$427,225$273,918▼ $153,307
Unsecured Notes Loans Payable$120,700--
Deferred Revenue$6,547$17,780▲ $11,233
Total Liabilities$3,544,057$5,711,787▲ $2,167,730
Net Assets / Fund Balance
Total Net Assets Fund Balance$-123,396$-368,342▼ $244,946
Total Liabilities and Net Assets / Fund Balance$3,420,661$5,343,445▲ $1,922,784

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,140,767$428,154$2,568,921
Equipment$189,919$148,186$338,105
Buildings$28,569$9,473$38,042
Other Assets Org$2,355,144--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExecutive DirectorFT$123,110$11,458$134,568
Molly HunholzSped DirectorFT$103,896$9,682$113,578
Angie HalamaSecretaryFT$75,898$12,270$88,168
Shannon BakerMemberFT$69,078$6,032$75,110

Board Members and Trustees

NameTitle
Jan MarkisonChair
Christopher StookeyMember
Megan OlsonMember
Rebekah TurnerMember
Bill SchneiderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wfcs Holdings Ii LLCRent - Building1000 SW BROADWAY STE 1800, Portland, OR 97205$497,480
Revenue and Support

Revenue Composition

Contributions and Grants
$4,354,972
Program Service Revenue
$32,470
Investment Income
$0
Other Revenue
$12,233
All Other Contributions
$25,004
Change in Net Assets
$-244,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,399,675
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,399,675
Total Revenue per Form 990
$4,399,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,074,433
Other Expenses$1,570,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,676,727$225,784-$1,902,511
Depreciation Depletion$35,571$440,044-$475,615
Pension Plan Contributions$381,415$38,249-$419,664
Current Officers, Directors, Trustees, and Key Employees$384,306--$384,306
Occupancy-$303,051-$303,051
Other Employee Benefits$185,236$18,156-$203,392
Fees for Services Other$170,762$6,391-$177,153
Payroll Taxes$149,459$15,101-$164,560
Travel$94,788--$94,788
Fees for Services Accounting-$89,335-$89,335
All Other Expenses$50,052$31,169-$81,221
Information Technology$44,453$10,244-$54,697
Other Expenses$20,167$11,884-$32,051
Office Expenses$400$19,096-$19,496
Insurance-$19,120-$19,120
Advertising-$5,004-$5,004
Fees for Services Legal-$2,107-$2,107
Interest-$1,968-$1,968
Total Functional Expenses$3,281,824$1,362,797$0$4,644,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,644,621
Total Expenses per Audited Statements$4,644,621
Total Expenses per Form 990$4,644,621
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$1,760,395
Net Pension Liability$1,468,462
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
2023-05-04
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
73
Volunteers
27

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.”

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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/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/ExclusionAmt012233
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt012233
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0303051
IRS990/OccupancyGrp/TotalAmt0303051
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019096
IRS990/OfficeExpensesGrp/ProgramServicesAmt0400
IRS990/OfficeExpensesGrp/TotalAmt019496
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02382322
IRS990/OtherAssetsTotalGrp/EOYAmt02355144
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018156
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0185236
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0203392
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FOOD/MILK
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt089085
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt137009
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt211884
IRS990/OtherExpensesGrp/ProgramServicesAmt088488
IRS990/OtherExpensesGrp/ProgramServicesAmt120167
IRS990/OtherExpensesGrp/TotalAmt089085
IRS990/OtherExpensesGrp/TotalAmt188488
IRS990/OtherExpensesGrp/TotalAmt237009
IRS990/OtherExpensesGrp/TotalAmt332051
IRS990/OtherLiabilitiesGrp/BOYAmt02989585
IRS990/OtherLiabilitiesGrp/EOYAmt03228857
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0225784
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01676727
IRS990/OtherSalariesAndWagesGrp/TotalAmt01902511
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015101
IRS990/PayrollTaxesGrp/ProgramServicesAmt0149459
IRS990/PayrollTaxesGrp/TotalAmt0164560
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0211226
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0168023
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt038249
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0381415
IRS990/PensionPlanContributionsGrp/TotalAmt0419664
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041457
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010614
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021778
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110692
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110692
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04021477
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt0373019
IRS990/PYProgramServiceRevenueAmt011088
IRS990/PYRevenuesLessExpensesAmt0-49940
IRS990/PYSalariesCompEmpBnftPaidAmt03174235
IRS990/PYTotalExpensesAmt04455524
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04405584
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-244946
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt032470
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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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/BookValueAmt028569
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09473
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038042
IRS990ScheduleD/EquipmentGrp/BookValueAmt0189919
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148186
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0338105
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04644621
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02355144
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0428154
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02568921
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11468462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04399675
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:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02355144
IRS990ScheduleD/TotalExpensesPerForm990Amt04644621
IRS990ScheduleD/TotalLiabilityAmt03228857
IRS990ScheduleD/TotalRevenuePerForm990Amt04399675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04399675
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04644621
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
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03420661
IRS990/TotalAssetsEOYAmt05343445
IRS990/TotalAssetsGrp/BOYAmt03420661
IRS990/TotalAssetsGrp/EOYAmt05343445
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04354972
IRS990/TotalEmployeeCnt073
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01362797
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03281824
IRS990/TotalFunctionalExpensesGrp/TotalAmt04644621
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03544057

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,343,445
Liabilities
$5,711,787
Net assets
-$368,342
Revenue
$4,399,675
Expenses
$4,644,621
Net income
-$244,946
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