Stride Academy Building Company
- Assets
- $14.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 03/2016
- Data as of
- 06/2021
- EIN
- 30-0881418
Organization Overview
Stride Academy Building Company is located in St Cloud, MN. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stride Academy Building Company 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 06/2021, Stride Academy Building Company generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE AND OWN A PUBLIC SCHOOLHOUSE ON REAL ESTATE FOR LEASE TO STRIDE ACADEMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED JUNE 30, 2017, THE BUILDING COMPANY PURCHASED THE STRIDE SCHOOL BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Schraut President | OfficerTrustee | 1 | $0 |
Neil Theisen Vice President | OfficerTrustee | 1 | $0 |
Cory Heinen Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,437,111 |
| Investment income | $207 |
| 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 | $1,437,318 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,501 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,842 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $769,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $441,128 |
| Insurance | $1,519 |
| All other expenses | $0 |
| Total functional expenses | $1,254,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,022 |
| Savings and temporary cash investments | $1,650,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,917 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,512,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,195,739 |
| Accounts payable and accrued expenses | $10,251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,510,524 |
| 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 | $261,724 |
| Total liabilities | $15,782,499 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,598,499 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$3,185,259 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,195,739 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Grhs-Fmch Community Health Foundation Fort Madison, IA | $2,014,247 | $542,738 |
Shepherds Foundation Inc Union Grove, WI | $3,010,334 | $2,177,112 |
Museum Center Park Inc Milwaukee, WI | $14,365,502 | $755,411 |
Stride Academy Building Company St Cloud, MN | $14,195,739 | $1,437,318 |
Father John P Raynor Charitable Tr Milwaukee, WI | $13,958,232 | $1,914,819 |
Sister Irmgard Delfing Charitable Tr Milwaukee, WI | $14,474,074 | $2,003,640 |
Daggett Charitable Tr Montello, WI | $167,070 | $14,528 |
Boldt Family Fund Inc Appleton, WI | $2,805,458 | $762,707 |