Lionsgate Academy
- Assets
- $28.2m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 346
- Location
- Minnetonka, MN
- Founding
- 01/2009
- Data as of
- 06/2022
- EIN
- 20-8933066
Organization Overview
Lionsgate Academy is located in Minnetonka, MN. The organization was established in 2009. 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, Lionsgate Academy employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lionsgate 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, Lionsgate Academy generated $23.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $24.0m during the year ending 06/2022. While expenses have increased by 12.4% 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
LIONSGATE ACADEMY PROVIDES A TRANSITION-FOCUSED, TAILORED LEARNING PROGRAM FOR STUDENTS WITH ASD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIONSGATE ACADEMY WILL CREATE AN EDUCATIONAL ENVIRONMENT THAT WILL MODEL BEST INSTRUCTIONAL PRACTICES AND RESEARCH BASED TECHNIQUES SO THAT THE GRADUATES OF LIONSGATE ACADEMY WILL - TO THE FULLEST EXTENT POSSIBLE - LIVE INDEPENDENTLY, BE INVOLVED IN FURTHER EDUCATION OR GAINFUL EMPLOYMENT, AND DEVELOP MEANINGFUL RELATIONSHIPS WITH OTHERS. LIONSGATE ACADEMY SERVED 368 STUDENTS IN GRADES SEVEN THROUGH TWELVE DURING 2021-2022, ITS FOURTEENTH YEAR OF OPERATION.
FOOD SERVICE PROGRAM: PROVIDES MEALS THAT CATER TO ALL STUDENTS NUTRITIONAL NEEDS AND RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Restorff Executive Director | Officer | 42 | $116,700 |
Aaron Leisen Director Of Finance And Operations | Officer | 42 | $100,024 |
Janet Ha Member | Trustee | 42 | $38,566 |
Molly Figenskau Secretary | OfficerTrustee | 42 | $44,370 |
Benjamin Barnes Vice Chair | OfficerTrustee | 42 | $40,009 |
Christine Peper Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cst Mn Transportation | 6/29/22 | $343,437 |
Twin City Transportation Transportation | 6/29/22 | $1,093,851 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,679,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,761,104 |
| Total Program Service Revenue | $9,664 |
| Investment income | $926 |
| 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 | $23,771,694 |
| 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. | $461,351 |
| Compensation of current officers, directors, key employees. | $273,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,223,376 |
| Pension plan accruals and contributions | $930,783 |
| Other employee benefits | $1,669,280 |
| Payroll taxes | $848,105 |
| Fees for services: Management | $176,341 |
| Fees for services: Legal | $5,374 |
| Fees for services: Accounting | $76,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,547 |
| Advertising and promotion | $0 |
| Office expenses | $29,142 |
| Information technology | $202,540 |
| Royalties | $0 |
| Occupancy | $1,751,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,990,294 |
| Insurance | $28,205 |
| All other expenses | $0 |
| Total functional expenses | $23,977,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,419 |
| Savings and temporary cash investments | $1,145,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,629,568 |
| 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 | $174,028 |
| Net Land, buildings, and equipment | $18,682,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,280,216 |
| Total assets | $28,156,380 |
| Accounts payable and accrued expenses | $1,911,988 |
| Grants payable | $0 |
| Deferred revenue | $48,206 |
| 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 | $33,821,571 |
| Total liabilities | $35,781,765 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$7,985,492 |
| Retained earnings, endowment, accumulated income, or other funds | $360,107 |
| Total liabilities and net assets/fund balances | $28,156,380 |