Civic Intelligence

Ffa Building Company

990 • Fiscal year 2025 • EIN 83-3432492

Jul 01, 2024 to Jun 30, 2025 • Filed on Apr 21, 2026

Organization ProfileN/A
2600 E 38th StreetMinneapolis, MN 55406

(612) 879-6703

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.06x

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

2025 filings • 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.

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

Net Margin

19th percentile

-6.9%

Higher net margin than 19% of similar nonprofits.

2025 filings • 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.

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

Asset Growth

28th percentile

-1.4%

Faster asset growth than 28% of similar nonprofits.

2025 filings • 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.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$7,720,424

Down $112,182 (-1.4%) from 2024

Net Assets

Up

-$472,596

Up $21,712 (+4.4%) from 2024

Liabilities

Down

$8,193,020

Down $133,894 (-1.6%) from 2024

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin19th percentile

Revenue

Down

$625,993

Down $5,324 (-0.8%) from 2024

Expenses

Up

$669,152

Up $55,280 (+9.0%) from 2024

Net Income

Down

-$43,159

Down $60,604 (-347%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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: -$494,3082024Assets 2025: $7,720,424Liabilities 2025: $8,193,020Net Assets 2025: -$472,5962025

Highlighted filing

2025

Assets$7,720,424
Liabilities$8,193,020
Net Assets-$472,596
Open 2025 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this 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: $17,4452024Revenue 2025: $625,993Expenses 2025: $669,152Net Income 2025: -$43,1592025

Highlighted filing

2025

Revenue$625,993
Expenses$669,152
Net Income-$43,159
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 21, 2026
Return Version
2024v5.5
Gross Receipts
$625,993
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 freindship academy of the arts for the purpose of running a charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,831,535$6,653,124▼ $178,411
Savings and Temporary Cash Investments$993,690$979,656▼ $14,034
Cash and Non-Interest-Bearing Accounts$7,381$87,644▲ $80,263
Rtn Earn Endowment Incm Other Fnds$0$21,712▲ $21,712
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-494,308$-494,308→ $0
Total Assets$7,832,606$7,720,424▼ $112,182
Liabilities
Tax Exempt Bond Liabilities$8,292,976$8,159,082▼ $133,894
Accounts Payable and Accrued Expenses$33,938$33,938→ $0
Total Liabilities$8,326,914$8,193,020▼ $133,894
Net Assets / Fund Balance
Total Net Assets Fund Balance$-494,308$-472,596▲ $21,712
Total Liabilities and Net Assets / Fund Balance$7,832,606$7,720,424▼ $112,182

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,785,624$841,083$6,626,707
Land$867,500-$867,500
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Bcharvez RusselBoard Chair
Ananysia JosephSecretary
Mary Riley CraigTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$625,993
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-43,159

Audited Revenue Reconciliation

Revenue per Audited Statements
$625,993
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$625,993
Total Revenue per Form 990
$625,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,152
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$404,850--$404,850
Depreciation Depletion$178,411--$178,411
Other Expenses$48,959--$48,959
Insurance$33,932--$33,932
Occupancy$3,000--$3,000
Total Functional Expenses$669,152$0$0$669,152

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$669,152
Total Expenses per Audited Statements$669,152
Total Expenses per Form 990$669,152
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis2019-12-17$8,401,371Acquisition, renovation of school, debt service reserve, pay issuance costs

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
Bcharvez Russel
Title
Board Chair
Phone
6128796703
Signed
2026-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bcharvez Russel
Formed
2019
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Thomas & Company CPA Pa
Address
9710 STIRLING RD SUITE 101, HOLLYWOOD, FL 33024
Preparer
Roby Thomas
Phone
9544357272
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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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IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt07534607
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0539112
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0163826
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02021
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt08401371
IRS990/ScheduleORequiredInd01
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/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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRIENDSHIP ACADEMY OF THE ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311756049
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02600 EAST 38TH STREET MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNESOTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055406
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt08292976
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt08159082
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07832606
IRS990/TotalAssetsEOYAmt07720424
IRS990/TotalAssetsGrp/BOYAmt07832606
IRS990/TotalAssetsGrp/EOYAmt07720424
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0669152
IRS990/TotalFunctionalExpensesGrp/TotalAmt0669152
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08326914
IRS990/TotalLiabilitiesEOYAmt08193020
IRS990/TotalLiabilitiesGrp/BOYAmt08326914
IRS990/TotalLiabilitiesGrp/EOYAmt08193020
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-494308
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-472596
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0669152
IRS990/TotalProgramServiceRevenueAmt0625993
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0625993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0625993
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07832606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07720424
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 E 38TH STREET
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055406
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BCHARVEZ RUSSEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06128796703
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-04-21
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/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753125446
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS & COMPANY CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09710 STIRLING RD SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOLLYWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033024
ReturnHeader/PreparerPersonGrp/PhoneNum09544357272
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBY THOMAS
ReturnHeader/ReturnTs02026-04-21T12:21:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,720,424
Liabilities
$8,193,020
Net assets
-$472,596
Revenue
$625,993
Expenses
$669,152
Net income
-$43,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.72$8.19$0.47$0.63$0.67$0.04
2024Detailed filing. Detailed filing data is available for this year.$7.83$8.33$0.49$0.63$0.61$0.02
2023Detailed filing. Detailed filing data is available for this year.$7.98$8.76$0.78$0.61$0.62$0.01
2022Detailed filing. Detailed filing data is available for this year.$8.08$8.85$0.77$0.52$0.58$0.07
2021Detailed filing. Detailed filing data is available for this year.$8.16$8.87$0.70$0.45$0.59$0.15
2020Detailed filing. Detailed filing data is available for this year.$10.6$11.1$0.56$0.01$0.57$0.56
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00