Civic Intelligence

Venture Academy Building Corporation

EIN 87-3058139 • 501(c)3 • Minneapolis, MN

Profile

Supporting venture academies school in securing a long term facility to meet their educational mission.

315 27th Ave SEMinneapolis, MN 55414

n/A

Siviq Scores

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

Liabilities / Assets

96th percentile

1.24x

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

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

Liabilities / Revenue

98th percentile

13.23x

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

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

Net Margin

15th percentile

-15%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

32nd percentile

$84,076

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 10.9% 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

34th percentile

-0.6%

Faster revenue growth than 34% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$8,266,102

Down $114,413 (-1.4%) from 2024

Liabilities

Up

$10,225,431

Up $4,593 (+0.0%) from 2024

Net Assets

Down

-$1,959,329

Down $119,006 (-6.5%) from 2024

Operations
Liabilities / Revenue98th percentileNet Margin15th percentile

Revenue

Down

$772,779

Down $4,778 (-0.6%) from 2024

Expenses

Down

$891,785

Down $292,430 (-25%) from 2024

Net Income

Up

-$119,006

Up $287,652 (+71%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2022: $9,338,261Liabilities 2022: $10,494,588Net Assets 2022: -$1,156,3272022Assets 2023: $9,132,675Liabilities 2023: $10,566,340Net Assets 2023: -$1,433,6652023Assets 2024: $8,380,515Liabilities 2024: $10,220,838Net Assets 2024: -$1,840,3232024Assets 2025: $8,266,102Liabilities 2025: $10,225,431Net Assets 2025: -$1,959,3292025

Highlighted filing

2025

Assets$8,266,102
Liabilities$10,225,431
Net Assets-$1,959,329
Open 2025 Filing

Operations Trend

Revenue Growth34th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2022: $108,069Expenses 2022: $1,264,396Net Income 2022: -$1,156,3272022Revenue 2023: $730,555Expenses 2023: $1,007,893Net Income 2023: -$277,3382023Revenue 2024: $777,557Expenses 2024: $1,184,215Net Income 2024: -$406,6582024Revenue 2025: $772,779Expenses 2025: $891,785Net Income 2025: -$119,0062025

Highlighted filing

2025

Revenue$772,779
Expenses$891,785
Net Income-$119,006
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$8,266,102
Liabilities
$10,225,431
Net assets
-$1,959,329
Revenue
$772,779
Expenses
$891,785
Net income
-$119,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.27$10.2$1.96$0.77$0.89$0.12
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$10.2$1.84$0.78$1.18$0.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.13$10.6$1.43$0.73$1.01$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.34$10.5$1.16$0.11$1.26$1.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 28, 2026
Return Version
2024v5.5
Gross Receipts
$772,779
Mission and Program Overview

Mission

Supporting venture academies school in securing a long term facility to meet their educational mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,487,761$7,304,269▼ $183,492
Savings and Temporary Cash Investments$880,359$941,989▲ $61,630
Accounts Receivable$12,395$19,844▲ $7,449
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,840,323$-1,959,329▼ $119,006
Total Assets$8,380,515$8,266,102▼ $114,413
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,120,629$10,073,355▼ $47,274
Other Liabilities$42,754$105,762▲ $63,008
Accounts Payable and Accrued Expenses$57,455$46,314▼ $11,141
Total Liabilities$10,220,838$10,225,431▲ $4,593
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,840,323$-1,959,329▼ $119,006
Total Liabilities and Net Assets / Fund Balance$8,380,515$8,266,102▼ $114,413

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,063,269$556,201$5,619,470
Land$2,241,000-$2,241,000
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleOtherTotal
Heidi SmithSecretary$84,076$84,076
Charles EllsworthChair$46,175$46,175
Elise WehrmanTreasurer$6,423$6,423
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$721,823
Investment Income
$50,956
Other Revenue
$0
Change in Net Assets
$-119,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$891,785
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$558,800--$558,800
Depreciation Depletion$196,218--$196,218
Fees for Services Other$114,921--$114,921
Fees for Services Accounting$17,800--$17,800
Other Expenses$4,046--$4,046
Total Functional Expenses$891,785$0$0$891,785
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
Amounts Owed to Venture Academy$105,762
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Board reviews 990 when return is complete.”

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

“Board reviews 990 when return is complete.”

Form 990, Part VI, Section C, Line 18

“All governing documents of the related organization (venture academies school) including policies are published on the school website www.ventureacademies.org . The building company financials and statements are posted to emma for disclosure and public review.”

Form 990, Part VI, Section C, Line 19

“Venture academy accepts requests in writing or electronically for viewing of documents that are deemed public information. Much of this information is available at board meetings for review.”

Filing and Contact Details

Filer

Filer Name
Venture Academy Building Corporation
EIN
87-3058139
Phone
6123459040
Address
315 27TH AVE SE, MINNEAPOLIS, MN 55414

Signing Officer

Name
Charles Ellsworth
Title
Chair
Phone
6123459040
Signed
2026-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Ellsworth
Formed
2021
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
3

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

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 114,921. Management and general expenses 0. Fundraising expenses 0. Total expenses 114,921.”

Financial Statement Notes

PART X, LINE 2:

“The organization 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 provision of the organization, all income and expenses attributable to the mission of the organization are tax exempt and accordingly no provision or liability for income taxes have been made in the financial statements and contributions to the organization are tax deductible to donors as allowed by irs regulations. However, the organization is required to pay state and federal income taxes on unrelated business income. If the organization were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The organization is open and subject to examination generally for three years after the filing date.”

Raw XML Appendix369 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION 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 PROVISION OF THE ORGANIZATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ORGANIZATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ORGANIZATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ORGANIZATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ORGANIZATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS 990 WHEN RETURN IS COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS 990 WHEN RETURN IS COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS OF THE RELATED ORGANIZATION (VENTURE ACADEMIES SCHOOL) INCLUDING POLICIES ARE PUBLISHED ON THE SCHOOL WEBSITE WWW.VENTUREACADEMIES.ORG . THE BUILDING COMPANY FINANCIALS AND STATEMENTS ARE POSTED TO EMMA FOR DISCLOSURE AND PUBLIC REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VENTURE ACADEMY ACCEPTS REQUESTS IN WRITING OR ELECTRONICALLY FOR VIEWING OF DOCUMENTS THAT ARE DEEMED PUBLIC INFORMATION. MUCH OF THIS INFORMATION IS AVAILABLE AT BOARD MEETINGS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 114,921. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,921.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VENTURE ACADEMIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611677994
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATING STUDENTS WHILE FOLLOWING STATE EDUCATION STANDARDS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055414
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0670492
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV OF RENTAL INCOME RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0VENTURE ACADEMIES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08380515
IRS990/TotalAssetsEOYAmt08266102
IRS990/TotalAssetsGrp/BOYAmt08380515
IRS990/TotalAssetsGrp/EOYAmt08266102
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0891785
IRS990/TotalFunctionalExpensesGrp/TotalAmt0891785
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt010225431
IRS990/TotalLiabilitiesGrp/BOYAmt010220838
IRS990/TotalLiabilitiesGrp/EOYAmt010225431
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1840323
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1959329
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0891785
IRS990/TotalProgramServiceRevenueAmt0721823
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt050956
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0721823
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0772779
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08380515
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08266102
IRS990/TotReportableCompRltdOrgAmt0136674
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0315 27TH AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES ELLSWORTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06123459040
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VENTURE ACADEMY BUILDING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0VENT
ReturnHeader/Filer/EIN0873058139
ReturnHeader/Filer/PhoneNum06123459040
ReturnHeader/Filer/USAddress/AddressLine1Txt0315 27TH AVE SE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411656121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLENNER WENNER & CO CPA'S PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0630 ROOSEVELT RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CLOUD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056301
ReturnHeader/PreparerPersonGrp/PhoneNum03202510286
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLEY M GAETZ
ReturnHeader/ReturnTs02026-01-30T10:01:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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