Minneapolis Academy Charter School 4115
- Assets
- $599.2k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Minneapolis, MN
- Founding
- Data as of
- 06/2016
- EIN
- 05-0575923
Organization Overview
Minneapolis Academy Charter School 4115 is located in Minneapolis, MN. As of 06/2016, Minneapolis Academy Charter School 4115 employed 32 individuals. Minneapolis Academy Charter School 4115 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
MINNEAPOLIS ACADEMY IS THE FIRST INDEPENDENT COLLEGE PREPARATORY MIDDLE SCHOOL IN MINNEAPOLIS, PROVIDING CHILDREN FROM ALL WALKS OF LIFE AND OF ALL ABILITIES WITH AN EDUCATIONAL OPPORTUNITY THAT IS GENERALLY NOT AVAILABLE TO MOST LOWER-INCOME AND WORKING CLASS FAMILIES. FOUNDED BY EDUCATORS AND COMMUNITY LEADERS IN 2004, THE ACADEMY'S PRIMARY MISSION IS TO PROVIDE ALL OF ITS STUDENTS WITH THE KNOWLEDGE, SKILLS AND CHARACTER TO GRADUATE FROM HIGH SCHOOL, AND THE CONFIDENCE TO CONTINUE ON AND SUCCESSFULLY COMPLETE THEIR POST-SECONDARY EDUCATION. THE ACADEMY WILL ACCOMPLISH THIS THROUGH A COLLEGE PREPARATORY EDUCATIONAL PROGRAM BASED ON HIGH EXPECTATIONS, RIGOROUS ACADEMIC PERFORMANCE, MORE TIME ON TASK, AND A SAFE AND ORDERLY ENVIRONMENT DRIVEN BY HIGH STANDARDS OF PERSONAL CONDUCT AND RESPECT FOR OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNEAPOLIS ACADEMY EDUCATED 133 STUDENTS IN GRADES 5 THROUGH 8 DURING THE 2015-2016 SCHOOL YEAR, PLUS MAINTAINED THE LEARNING YEAR PROGRAM THAT ENCOMPASSED SATURDAY SCHOOL.ON MAY 24, 2016, THE ACADEMY'S AUTHORIZER, FRIENDS OF EDUCATION, NOTIFIED THE BOARD OF DIRECTORS THAT IT WILL NOT RENEW THE CHARTER CONTRACT AFTER JUNE 30, 2016. THE ACADEMY IS DISCONTINUING OPERATIONS AND WILL NO LONGER BE SERVING STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Kaufmann Chairperson | OfficerTrustee | 2 | $0 |
Lori Stein Vice Chair | OfficerTrustee | 2 | $0 |
Suzette Allaire Treasurer | OfficerTrustee | 2 | $0 |
Angela Halama Secretary | OfficerTrustee | 47.5 | $53,680 |
Rose Gbadamassi Member | Trustee | 2 | $0 |
Shawn Mckeown Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,941,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,944,497 |
| Total Program Service Revenue | $7,987 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,982,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,931 |
| Compensation of current officers, directors, key employees. | $86,290 |
| Compensation to disqualified persons | $82,739 |
| Other salaries and wages | $606,435 |
| Pension plan accruals and contributions | $43,444 |
| Other employee benefits | $39,150 |
| Payroll taxes | $64,758 |
| Fees for services: Management | $13,168 |
| Fees for services: Legal | $15,940 |
| Fees for services: Accounting | $60,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,939 |
| Advertising and promotion | $220 |
| Office expenses | $35,207 |
| Information technology | $51,950 |
| Royalties | $0 |
| Occupancy | $182,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,195 |
| Insurance | $9,161 |
| All other expenses | $28,781 |
| Total functional expenses | $2,118,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,338 |
| Savings and temporary cash investments | $84,613 |
| Pledges and grants receivable | $6,749 |
| Accounts receivable, net | $226,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,601 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,190 |
| Accounts payable and accrued expenses | $310,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,018,369 |
| Total liabilities | $1,329,221 |
| Unrestricted restricted net Assets | -$730,031 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$730,031 |