Beacon Academy
- Assets
- $5.5m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 132
- Location
- Crystal, MN
- Founding
- 09/2004
- Data as of
- 06/2022
- EIN
- 20-0158631
Organization Overview
Beacon Academy is located in Crystal, MN. The organization was established in 2004. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Beacon Academy employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Beacon Academy generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC CHARTER SCHOOL - K-8 EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEACON ACADEMY IS A SMALL, CARING SCHOOL ENHANCING CHILDREN'S EAGERNESS TO LEARN THROUGH A CHALLENGING, CONTENT-RICH CURRICULUM, DAILY SPANISH EXPERIENCES BEGINNING IN KINDERGARTEN, POSITIVE CHARACTER BUILDING PROJECTS AND MANY OPPORTUNITIES FOR PARENT INVOLVEMENT. TEACHERS ADDRESS CHILDREN'S INDIVIDUAL STRENGTHS AND NEEDS THROUGH A VARIETY OF TEACHING STYLES AND LEARNING EXPERIENCES. STAFF AND STUDENTS THRIVE AND GROW AT BEACON ACADEMY THROUGH AN EXCITING, RESEARCH-BASED CURRICULUM AND A SUPPORTIVE, CARING CLIMATE. CHILDREN BUILD SECOND LANGUAGE PROFICIENCY WHILE MASTERING ENGLISH, READING, MATH, HISTORY, GEOGRAPHY AND SCIENCE AT THEIR LEVEL. MUSIC AND ARTS EXPERIENCES STIMULATE CREATIVITY AND BRAIN DEVELOPMENT. PHYSICAL EDUCATION AND OUTDOOR EXPERIENCES KEEP BOTH BODIES AND MINDS ACTIVE AND HEALTHY. BEACON ACADEMY OPENED IN THE FALL OF 2005 WITH GRADES K-3. WE HAVE THREE CLASSES PER GRADE COVERING K-8. ENROLLMENT WAS APPROXIMATELY 535 STUDENTS AND WE ARE LOCATED AT 3415 LOUISIANA AVE N, CRYSTAL, MN, 55427. WHAT MAKES BEACON ACADEMY DIFFERENT FROM MOST OTHER SCHOOLS IS THE INCLUSION OF COMPREHENSIVE SPANISH INSTRUCTION AT EACH GRADE LEVEL. SPANISH IS USED DAILY TO ENRICH SPECIFIC LESSONS IN MANY CLASSROOMS. BEACON ACADEMY IS NOT AN IMMERSION SCHOOL BUT A FLES-LANGUAGE PROGRAM THAT INCLUDES DAILY INSTRUCTION IN SPANISH ALONG WITH SUPPLEMENTAL SPANISH INSTRUCTION IN OTHER CURRICULA AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Koster Executive Director | Officer | 40 | $124,368 |
Mike Reeder Principal | Officer | 40 | $93,101 |
Kris Gapinski Vice Chair/teacher | OfficerTrustee | 40 | $59,246 |
Joanna Pederson Director/teacher | Trustee | 40 | $53,261 |
Paige Roth Secretary/teacher | OfficerTrustee | 40 | $51,118 |
Elizabeth Brobeck Director/teacher | Trustee | 40 | $50,456 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lake Country Industries Llc Student Bus Transportation | 6/29/21 | $368,240 |
Pediatric Psych Services Psychologists | 6/29/21 | $117,025 |
Apex Transport Llc Student Bus Transportation | 6/29/21 | $362,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,187,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,211,583 |
| Total Program Service Revenue | $17,713 |
| Investment income | $1,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,230,402 |
| 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. | $614,081 |
| Compensation of current officers, directors, key employees. | $267,999 |
| Compensation to disqualified persons | $156,559 |
| Other salaries and wages | $3,903,588 |
| Pension plan accruals and contributions | $305,626 |
| Other employee benefits | $466,322 |
| Payroll taxes | $358,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $558 |
| Fees for services: Accounting | $75,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,328 |
| Advertising and promotion | $0 |
| Office expenses | $522,190 |
| Information technology | $68,341 |
| Royalties | $0 |
| Occupancy | $1,238,321 |
| Travel | $833,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,352 |
| Insurance | $14,485 |
| All other expenses | $0 |
| Total functional expenses | $9,105,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,266,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $960,496 |
| 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 | $8,851 |
| Net Land, buildings, and equipment | $45,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,188,323 |
| Total assets | $5,469,878 |
| Accounts payable and accrued expenses | $737,879 |
| Grants payable | $0 |
| Deferred revenue | $6,277 |
| 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 | $17,194 |
| Other liabilities | $7,855,710 |
| Total liabilities | $8,617,060 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,272,340 |
| Paid-in or capital surplus, or land, building, or equipment fund | $13,068 |
| Retained earnings, endowment, accumulated income, or other funds | $112,090 |
| Total liabilities and net assets/fund balances | $5,469,878 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Academy has recieved totaling $680.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |
Achieve Language Academy St Paul, MN | $7,414,026 | $6,915,145 |
Urban Academy St Paul, MN | $16,445,099 | $8,414,369 |