Seven Hills Preparatory Academy
- Assets
- $12.0m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 177
- Location
- Bloomington, MN
- Founding
- 02/2007
- Data as of
- 06/2022
- EIN
- 20-3107105
Organization Overview
Seven Hills Preparatory Academy is located in Bloomington, MN. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Seven Hills Preparatory Academy employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Hills Preparatory 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, Seven Hills Preparatory Academy generated $15.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $15.1m during the year ending 06/2022. While expenses have increased by 8.7% 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
SHPA PREPARES EACH STUDENT FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHPA IS AN AWARD-WINNING K-8 CHARTER PUBLIC SCHOOL WITH CAMPUSES IN BLOOMINGTON AND RICHFIELD. SHPA OFFERS A CLASSICAL EDUCATION MODEL GROUNDED IN THE LIBERAL ARTS AND DESIGNED TO ENGAGE STUDENTS IN A RIGOROUS, CONTENT-RICH CURRICULUM. SEVEN HILLS STUDENTS LEARN RESPONSIBLE STUDY HABITS, CRITICAL THINKING SKILLS, AND ROBUST DEBATE PRACTICES TO PREPARE THEM TO EMBARK ON A JOYFUL PURSUIT OF HARD-EARNED WISDOM. SEVEN HILLS OFFERS A COMPREHENSIVE CHARACTER EDUCATION PROGRAM, PROMOTING VALUES OF RESPECT, COMPASSION, AND SELF-CONTROL AND ASPIRING TOWARD THE CLASSICAL VIRTUES OF TRUTH, BEAUTY, AND GOODNESS. SEVEN HILLS IS COMMITTED TO EDUCATIONAL EQUITY AND BELIEVES IN THE INHERENT VALUE OF AN INCLUSIVE LEARNING ENVIRONMENT WHERE STUDENTS AND STAFF FROM ALL BACKGROUNDS WORK HARD TO PREPARE FOR A DIVERSE AND DEMOCRATIC WORLD IN WHICH THEY MAKE LASTING CONTRIBUTIONS.SHPA SERVED 1109 STUDENTS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Schlueter Executive Director | Officer | 41 | $119,153 |
Leah Lellman Director/teacher | Trustee | 41 | $68,803 |
Martine Walker Director/teacher | Trustee | 41 | $59,189 |
Kelly Ryan Director/teacher | Trustee | 41 | $55,023 |
Renson Anjere Vice Chair | OfficerTrustee | 1 | $0 |
Molly Lee Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic Staffing Substitutes | 6/29/22 | $132,100 |
Academy Of Holy Angels Transportation | 6/29/22 | $517,063 |
40 School Services Transportation | 6/29/22 | $593,704 |
Universal Cleaning Services Cleaning And Janitorial | 6/29/22 | $112,779 |
Ckc Good Food Food Service | 6/29/22 | $721,823 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,135,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,160,497 |
| Total Program Service Revenue | $131,556 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,710 |
| 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 | $15,420,403 |
| 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. | $403,917 |
| Compensation of current officers, directors, key employees. | $163,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,087,681 |
| Pension plan accruals and contributions | $552,730 |
| Other employee benefits | $833,251 |
| Payroll taxes | $546,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,784 |
| Fees for services: Accounting | $124,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,324 |
| Advertising and promotion | $0 |
| Office expenses | $184,196 |
| Information technology | $148,164 |
| Royalties | $0 |
| Occupancy | $1,340,675 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,356 |
| Interest | $187,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $744,932 |
| Insurance | $36,873 |
| All other expenses | $90,397 |
| Total functional expenses | $15,094,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,658,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,491,212 |
| 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 | $120,443 |
| Net Land, buildings, and equipment | $577,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,159,969 |
| Total assets | $12,008,176 |
| Accounts payable and accrued expenses | $921,797 |
| 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 | $81,316 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $15,233,221 |
| Total liabilities | $16,736,334 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$6,315,174 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,587,016 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,008,176 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seven Hills Preparatory Academy has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Friends Of Education Minnetonka, MN PURPOSE: GENERAL SUPPORT | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |