Civic Intelligence

Ffa Building Company

EIN 83-3432492 • 501(c)3 • Minneapolis, MN

Profile

To provide facilities for friendship academy of the arts for the purpose of running a charter school.

2600 E 38th StreetMinneapolis, MN 55406

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.06x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

13.09x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

23rd percentile

-6.9%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

31st percentile

-1.4%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

-0.8%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$7,832,606

Down $145,215 (-1.8%) from 2023

Liabilities

Down

$8,326,914

Down $428,716 (-4.9%) from 2023

Net Assets

Up

-$494,308

Up $283,501 (+36%) from 2023

Revenue

Up

$631,317

Up $19,900 (+3.3%) from 2023

Expenses

Down

$613,872

Down $4,414 (-0.7%) from 2023

Net Income

Up

$17,445

Up $24,314 (+354%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $10,566,703Liabilities 2020: $11,123,678Net Assets 2020: -$556,9752020Assets 2021: $8,163,103Liabilities 2021: $8,867,353Net Assets 2021: -$704,2502021Assets 2022: $8,082,112Liabilities 2022: $8,853,052Net Assets 2022: -$770,9402022Assets 2023: $7,977,821Liabilities 2023: $8,755,630Net Assets 2023: -$777,8092023Assets 2024: $7,832,606Liabilities 2024: $8,326,914Net Assets 2024: -$494,3082024

Highlighted filing

2024

Assets$7,832,606
Liabilities$8,326,914
Net Assets-$494,308

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $13,880Expenses 2020: $570,855Net Income 2020: -$556,9752020Revenue 2021: $446,846Expenses 2021: $594,121Net Income 2021: -$147,2752021Revenue 2022: $517,690Expenses 2022: $584,380Net Income 2022: -$66,6902022Revenue 2023: $611,417Expenses 2023: $618,286Net Income 2023: -$6,8692023Revenue 2024: $631,317Expenses 2024: $613,872Net Income 2024: $17,4452024

Highlighted filing

2024

Revenue$631,317
Expenses$613,872
Net Income$17,445

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 7, 2025
Return Version
2023v6.0
Gross Receipts
$631,317
Mission and Program Overview

Mission

To provide facilities for friendship academy of the arts for the purpose of running acharter school

To provide facilities for friendship academy of the arts for the purpose of running a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,997,203$6,831,535▼ $165,668
Savings and Temporary Cash Investments$980,618$993,690▲ $13,072
Cash and Non-Interest-Bearing Accounts-$7,381-
Cap Stk Tr Prin Current Funds$-59,977--
Pd in Cap Srpls Land Bldg Eqp Fund$-717,853$-494,308▲ $223,545
Total Assets$7,977,821$7,832,606▼ $145,215
Liabilities
Tax Exempt Bond Liabilities$8,422,034$8,292,976▼ $129,058
Other Liabilities$284,336--
Accounts Payable and Accrued Expenses$49,281$33,938▼ $15,343
Total Liabilities$8,755,651$8,326,914▼ $428,737
Net Assets / Fund Balance
Total Net Assets Fund Balance$-777,830$-494,308▲ $283,522
Total Liabilities and Net Assets / Fund Balance$7,977,821$7,832,606▼ $145,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,964,035$662,672$6,626,707
Land$867,500-$867,500
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dr B Charvez RussellAssistant Secretary$30,284$30,284

Board Members and Trustees

NameTitle
Wendy HinesChair
Ananysia JosephVice Chair
Mary RileySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$631,317
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$17,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$631,317
Total Revenue per Audited Statements
$631,317
Total Revenue per Form 990
$631,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$613,872
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$409,638--$409,638
Depreciation Depletion$165,668--$165,668
Fees for Services Other$38,566--$38,566
Total Functional Expenses$613,872$0$0$613,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$613,872
Total Expenses per Audited Statements$613,872
Total Expenses per Form 990$613,872
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
Federal income taxes-
Accrued Interest Payable-
Due to School-

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis2019-12-17$8,401,371Acquisition, renovation of school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,401,371--$163,826

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The member of the corporation is friendship academy of the arts.

Form 990, Part VI, Section A, Line 7A

The member shall elect 3 directors, at least two of whom shall be members of the board of directors of the school friendship academy of the arts. The member may fill vacancies occurring in the board by appointment provided that appointment shall be a person from the same category of membership as the person being replaced. The member may remove any director from office with or without cause the member shall then appoint a new director as a replacement.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the board of directors at a board meeting before it is filed.

Form 990, Part VI, Section C, Line 19

The building company makes its governing documents and financial statements available to the public. The building company does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Ffa Building Company
EIN
83-3432492
Phone
6128796703
Address
2600 E 38TH STREET, MINNEAPOLIS, MN 55406

Signing Officer

Name
Ananysia Joseph
Title
Vice Chair
Phone
6128796703
Signed
2025-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ananysia Joseph
Formed
2019
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
2
Employees
0

Preparer

Firm
Thomas & Company CPA Pa
Address
9710 STIRLING RD STE 101, COOPER CITY, FL 33024
Preparer
Roby J Thomas
Phone
9544357272
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

The organization follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.

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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF MINNEAPOLIS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQUISITION, RENOVATION OF SCHOOL
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt07534607
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0539112
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0163826
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02021
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt08401371
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBER OF THE CORPORATION IS FRIENDSHIP ACADEMY OF THE ARTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER SHALL ELECT 3 DIRECTORS, AT LEAST TWO OF WHOM SHALL BE MEMBERS OF THE BOARD OF DIRECTORS OF THE SCHOOL FRIENDSHIP ACADEMY OF THE ARTS. THE MEMBER MAY FILL VACANCIES OCCURRING IN THE BOARD BY APPOINTMENT PROVIDED THAT APPOINTMENT SHALL BE A PERSON FROM THE SAME CATEGORY OF MEMBERSHIP AS THE PERSON BEING REPLACED. THE MEMBER MAY REMOVE ANY DIRECTOR FROM OFFICE WITH OR WITHOUT CAUSE THE MEMBER SHALL THEN APPOINT A NEW DIRECTOR AS A REPLACEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT A BOARD MEETING BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BUILDING COMPANY MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE BUILDING COMPANY DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
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 A, Line 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRIENDSHIP ACADEMY OF THE ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311756049
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02600 EAST 38TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055406
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt08422034
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt08292976
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07977821
IRS990/TotalAssetsEOYAmt07832606
IRS990/TotalAssetsGrp/BOYAmt07977821
IRS990/TotalAssetsGrp/EOYAmt07832606
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0613872
IRS990/TotalFunctionalExpensesGrp/TotalAmt0613872
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08755651
IRS990/TotalLiabilitiesEOYAmt08326914
IRS990/TotalLiabilitiesGrp/BOYAmt08755651
IRS990/TotalLiabilitiesGrp/EOYAmt08326914
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-777830
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-494308
IRS990/TotalProgramServiceExpensesAmt0613872
IRS990/TotalProgramServiceRevenueAmt0631317
IRS990/TotalReportableCompFromOrgAmt030284
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0631317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0631317
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07977821
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07832606
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 E 38TH STREET
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055406
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANANYSIA JOSEPH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06128796703
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FFA BUILDING COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0FFAB
ReturnHeader/Filer/EIN0833432492
ReturnHeader/Filer/PhoneNum06128796703
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 E 38TH STREET
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055406
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753125446

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