Civic Intelligence

Fit Academy

990 • Fiscal year 2023 • EIN 47-4006097

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 08, 2024

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

1.05x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.79x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

34th percentile

-1.5%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$143,532

Higher top officer pay than 58% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

94th percentile

83%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$9,756,945

Up $4,413,500 (+83%) from 2022

Net Assets

Down

-$456,000

Down $87,658 (-24%) from 2022

Liabilities

Up

$10,212,945

Up $4,501,158 (+79%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin34th percentile

Revenue

Up

$5,697,829

Up $1,298,154 (+30%) from 2022

Expenses

Up

$5,785,487

Up $1,140,866 (+25%) from 2022

Net Income

Up

-$87,658

Up $157,288 (+64%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2023

Assets$9,756,945
Liabilities$10,212,945
Net Assets-$456,000
Open 2023 Filing

Operations Trend

Revenue Growth78th 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

2023

Revenue$5,697,829
Expenses$5,785,487
Net Income-$87,658
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 8, 2024
Return Version
2022v5.0
Gross Receipts
$5,697,964
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 developmental areas of fitness & health, intellectual development, and teamwork & character into the educational experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,359,255$6,521,525▲ $4,162,270
Accounts Receivable$249,102$1,302,988▲ $1,053,886
Cash and Non-Interest-Bearing Accounts$369,330$249,037▼ $120,293
Pd in Cap Srpls Land Bldg Eqp Fund$168,023$88,467▼ $79,556
Prepaid Expenses and Deferred Charges$10,614$21,583▲ $10,969
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-536,365$-544,467▼ $8,102
Total Assets$5,343,445$9,756,945▲ $4,413,500
Other Assets Total$2,355,144$1,661,812▼ $693,332
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,191,232$6,433,058▲ $4,241,826
Other Liabilities$3,228,857$3,001,466▼ $227,391
Accounts Payable and Accrued Expenses$273,918$575,446▲ $301,528
Unsecured Notes Loans Payable-$201,600-
Deferred Revenue$17,780$1,375▼ $16,405
Total Liabilities$5,711,787$10,212,945▲ $4,501,158
Net Assets / Fund Balance
Total Net Assets Fund Balance$-368,342$-456,000▼ $87,658
Total Liabilities and Net Assets / Fund Balance$5,343,445$9,756,945▲ $4,413,500

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,016,319$672,127$6,688,446
Equipment$255,768$195,544$451,312
Buildings$249,438$16,500$265,938
Other Assets Org$1,661,812--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExecutive DirectorFT$122,602$20,930$143,532
Molly HunholzSped DirectorFT$103,896$17,630$121,526
Angie HalamaSecretaryFT$73,128$17,923$91,051
Shannon BakerMemberFT$69,078$11,697$80,775

Board Members and Trustees

NameTitle
Anthony BuhrDirector
Megan ThielfoldtDirector
Tiffany TaylorDirector
Christopher StookeyMember
Bill SchneiderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,746,917
Program Service Revenue
$920,106
Investment Income
$0
Other Revenue
$30,806
All Other Contributions
$213,746
Change in Net Assets
$-87,658

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,697,829
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,697,829
Total Revenue per Form 990
$5,697,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,610,961
Other Expenses$2,174,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,916,843$255,450-$2,172,293
Occupancy$76$686,329-$686,405
Pension Plan Contributions$597,971$60,763-$658,734
Current Officers, Directors, Trustees, and Key Employees$423,473--$423,473
Fees for Services Other$212,834$185,838-$398,672
Depreciation Depletion$46,783$347,277-$394,060
Payroll Taxes$172,165$16,616-$188,781
Other Employee Benefits$147,134$20,546-$167,680
Travel$101,931$204-$102,135
Fees for Services Accounting-$95,791-$95,791
All Other Expenses$17,074$30,169-$47,243
Information Technology$34,240$10,611-$44,851
Other Expenses$41,135$939-$42,074
Insurance-$24,911-$24,911
Office Expenses-$17,848-$17,848
Fees for Services Legal-$8,982-$8,982
Interest-$8,676-$8,676
Advertising-$7,620-$7,620
Total Functional Expenses$3,858,574$1,926,913$0$5,785,487

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,785,487
Total Expenses per Audited Statements$5,785,487
Total Expenses per Form 990$5,785,487
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$2,733,309
Deferred Inflows - Pensions$268,157
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
2024-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claud Allaire
Formed
2014
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
5
Employees
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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IRS990/OfficeExpensesGrp/TotalAmt017848
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02355144
IRS990/OtherAssetsTotalGrp/EOYAmt01661812
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020546
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0147134
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0167680
IRS990/OtherExpensesGrp/Desc0FOOD/MILK
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt097
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1122480
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225766
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3939
IRS990/OtherExpensesGrp/ProgramServicesAmt0126729
IRS990/OtherExpensesGrp/ProgramServicesAmt120186
IRS990/OtherExpensesGrp/ProgramServicesAmt241135
IRS990/OtherExpensesGrp/TotalAmt0126826
IRS990/OtherExpensesGrp/TotalAmt1122480
IRS990/OtherExpensesGrp/TotalAmt245952
IRS990/OtherExpensesGrp/TotalAmt342074
IRS990/OtherLiabilitiesGrp/BOYAmt03228857
IRS990/OtherLiabilitiesGrp/EOYAmt03001466
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0255450
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01916843
IRS990/OtherSalariesAndWagesGrp/TotalAmt02172293
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016616
IRS990/PayrollTaxesGrp/ProgramServicesAmt0172165
IRS990/PayrollTaxesGrp/TotalAmt0188781
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0168023
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt088467
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt060763
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0597971
IRS990/PensionPlanContributionsGrp/TotalAmt0658734
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010614
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021583
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0857476
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0857476
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162630
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04354972
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01570188
IRS990/PYOtherRevenueAmt012233
IRS990/PYProgramServiceRevenueAmt032470
IRS990/PYRevenuesLessExpensesAmt0-244946
IRS990/PYSalariesCompEmpBnftPaidAmt03074433
IRS990/PYTotalExpensesAmt04644621
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04399675
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-87658
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0920106
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0249438
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0265938
IRS990ScheduleD/EquipmentGrp/BookValueAmt0255768
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0195544
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0451312
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05785487
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06016319
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0672127
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06688446
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01661812
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0268157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12733309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05697829
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/TotalBookValueLandBuildingsAmt06521525
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01661812
IRS990ScheduleD/TotalExpensesPerForm990Amt05785487
IRS990ScheduleD/TotalLiabilityAmt03001466
IRS990ScheduleD/TotalRevenuePerForm990Amt05697829
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05697829
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05785487
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/TotalAssetsBOYAmt05343445
IRS990/TotalAssetsEOYAmt09756945
IRS990/TotalAssetsGrp/BOYAmt05343445
IRS990/TotalAssetsGrp/EOYAmt09756945
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04746917
IRS990/TotalEmployeeCnt073
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01926913
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03858574
IRS990/TotalFunctionalExpensesGrp/TotalAmt05785487
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05711787
IRS990/TotalLiabilitiesEOYAmt010212945
IRS990/TotalLiabilitiesGrp/BOYAmt05711787
IRS990/TotalLiabilitiesGrp/EOYAmt010212945
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-368342
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-456000
IRS990/TotalOtherCompensationAmt068180

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,756,945
Liabilities
$10,212,945
Net assets
-$456,000
Revenue
$5,697,829
Expenses
$5,785,487
Net income
-$87,658
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