Civic Intelligence

Fit Academy

990 • Fiscal year 2024 • EIN 47-4006097

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 06, 2025

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

96th percentile

1.12x

Higher debt load relative to assets than 96% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.73x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$132,807

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

10th percentile

-11%

Faster asset growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-1.0%

Faster revenue growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$8,668,515

Down $1,088,430 (-11%) from 2023

Net Assets

Down

-$1,079,590

Down $623,590 (-137%) from 2023

Liabilities

Down

$9,748,105

Down $464,840 (-4.6%) from 2023

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin19th percentile

Revenue

Down

$5,639,979

Down $57,850 (-1.0%) from 2023

Expenses

Up

$6,263,569

Up $478,082 (+8.3%) from 2023

Net Income

Down

-$623,590

Down $535,932 (-611%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2024

Assets$8,668,515
Liabilities$9,748,105
Net Assets-$1,079,590
Open 2024 Filing

Operations Trend

Revenue Growth32nd 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

2024

Revenue$5,639,979
Expenses$6,263,569
Net Income-$623,590
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 6, 2025
Return Version
2023v6.0
Gross Receipts
$5,644,630
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$6,521,525$6,339,847▼ $181,678
Accounts Receivable$1,302,988$744,273▼ $558,715
Savings and Temporary Cash Investments-$254,092-
Cash and Non-Interest-Bearing Accounts$249,037$214,032▼ $35,005
Pd in Cap Srpls Land Bldg Eqp Fund$88,467$101,426▲ $12,959
Prepaid Expenses and Deferred Charges$21,583$20,121▼ $1,462
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-544,467$-1,181,016▼ $636,549
Total Assets$9,756,945$8,668,515▼ $1,088,430
Other Assets Total$1,661,812$1,096,150▼ $565,662
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,433,058$6,238,421▼ $194,637
Other Liabilities$3,001,466$3,144,149▲ $142,683
Accounts Payable and Accrued Expenses$575,446$365,535▼ $209,911
Unsecured Notes Loans Payable$201,600--
Deferred Revenue$1,375--
Total Liabilities$10,212,945$9,748,105▼ $464,840
Net Assets / Fund Balance
Total Net Assets Fund Balance$-456,000$-1,079,590▼ $623,590
Total Liabilities and Net Assets / Fund Balance$9,756,945$8,668,515▼ $1,088,430

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,675,988$1,012,458$6,688,446
Equipment$314,601$243,495$558,096
Buildings$349,258$33,059$382,317
Other Assets Org$1,096,150--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claud AllaireExecutive DirectorFT$121,114$11,693$132,807
Molly HunholzSped DirectorFT$104,135$9,706$113,841
Angie HalamaSecretaryFT$69,686$10,999$80,685
Shannon BakerMemberFT$73,659$6,841$80,500

Board Members and Trustees

NameTitle
Jan MarkisonChair
Anthony BuhrMember
Megan ThielfoldtMember
Tiffany TaylorMember
Christopher StookeyMember (former)
Bill SchneiderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,581,848
Program Service Revenue
$57,916
Investment Income
$4,866
Other Revenue
$-4,651
All Other Contributions
$39,421
Change in Net Assets
$-623,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,639,979
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,639,979
Total Revenue per Form 990
$5,639,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,157,470
Other Expenses$2,106,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,145,241$262,525-$2,407,766
Pension Plan Contributions$858,111$71,667-$929,778
Occupancy$286$549,625-$549,911
Current Officers, Directors, Trustees, and Key Employees$430,751--$430,751
Depreciation Depletion$47,303$357,538-$404,841
Fees for Services Other$251,341$3,008-$254,349
Payroll Taxes$193,941$19,314-$213,255
Other Employee Benefits$160,615$15,305-$175,920
Fees for Services Accounting-$109,478-$109,478
Travel$107,452--$107,452
Information Technology$33,269$18,696-$51,965
All Other Expenses$18,791$32,358-$51,149
Other Expenses$36,017$1,787-$37,804
Insurance-$29,247-$29,247
Office Expenses-$22,515-$22,515
Fees for Services Legal-$7,436-$7,436
Advertising-$4,387-$4,387
Interest-$2,369-$2,369
Total Functional Expenses$4,604,586$1,658,983$0$6,263,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,263,569
Total Expenses per Audited Statements$6,263,569
Total Expenses per Form 990$6,263,569
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$2,980,433
Deferred Inflows - Pensions$163,716
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
2025-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claud Allaire
Formed
2014
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
6
Employees
94
Volunteers
8

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/MissionDesc0FIT 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06433058
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06238421
IRS990/NetAssetsOrFundBalancesBOYAmt0-456000
IRS990/NetAssetsOrFundBalancesEOYAmt0-1079590
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-4651
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-4651
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0549625
IRS990/OccupancyGrp/ProgramServicesAmt0286
IRS990/OccupancyGrp/TotalAmt0549911
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022515
IRS990/OfficeExpensesGrp/TotalAmt022515
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01661812
IRS990/OtherAssetsTotalGrp/EOYAmt01096150
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015305
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0160615
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0175920
IRS990/OtherExpensesGrp/Desc0FOOD/MILK
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2NON-INSTRUCTIONAL SUPPL
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1119470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232204
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31787
IRS990/OtherExpensesGrp/ProgramServicesAmt0307664
IRS990/OtherExpensesGrp/ProgramServicesAmt113804
IRS990/OtherExpensesGrp/ProgramServicesAmt236017
IRS990/OtherExpensesGrp/TotalAmt0307718
IRS990/OtherExpensesGrp/TotalAmt1119470
IRS990/OtherExpensesGrp/TotalAmt246008
IRS990/OtherExpensesGrp/TotalAmt337804
IRS990/OtherLiabilitiesGrp/BOYAmt03001466
IRS990/OtherLiabilitiesGrp/EOYAmt03144149
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0262525
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02145241
IRS990/OtherSalariesAndWagesGrp/TotalAmt02407766
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019314
IRS990/PayrollTaxesGrp/ProgramServicesAmt0193941
IRS990/PayrollTaxesGrp/TotalAmt0213255
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt088467
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0101426
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt071667
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0858111
IRS990/PensionPlanContributionsGrp/TotalAmt0929778
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021583
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020121
IRS990/PrincipalOfficerNm0CLAUD ALLAIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0CHARGES FOR SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt057625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1291
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04746917
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02174526
IRS990/PYOtherRevenueAmt030806
IRS990/PYProgramServiceRevenueAmt0920106
IRS990/PYRevenuesLessExpensesAmt0-87658
IRS990/PYSalariesCompEmpBnftPaidAmt03610961
IRS990/PYTotalExpensesAmt05785487
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05697829
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-623590
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt057916
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0254092
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/BuildingsGrp/BookValueAmt0349258
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033059
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0382317
IRS990ScheduleD/EquipmentGrp/BookValueAmt0314601
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0243495
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0558096
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06263569
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01096150
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PENSIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05675988
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01012458
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06688446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0163716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12980433
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05639979
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/TotalBookValueOtherAssetsAmt01096150
IRS990ScheduleD/TotalExpensesPerForm990Amt06263569
IRS990ScheduleD/TotalLiabilityAmt03144149
IRS990ScheduleD/TotalRevenuePerForm990Amt05639979
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05639979
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06263569
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/TotalAssetsBOYAmt09756945
IRS990/TotalAssetsEOYAmt08668515
IRS990/TotalAssetsGrp/BOYAmt09756945
IRS990/TotalAssetsGrp/EOYAmt08668515
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05581848
IRS990/TotalEmployeeCnt094
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01658983
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04604586

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,668,515
Liabilities
$9,748,105
Net assets
-$1,079,590
Revenue
$5,639,979
Expenses
$6,263,569
Net income
-$623,590
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