Chesterton Academy
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Hopkins, MN
- Founding
- 01/2009
- Data as of
- 06/2021
- EIN
- 38-3773629
Organization Overview
Chesterton Academy is located in Hopkins, MN. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Chesterton Academy employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesterton 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 06/2021, Chesterton Academy generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRO-FAMILY CATHOLIC HIGH SCHOOL OFFERING AN INTEGRATED COLLEGE PREPARATORY CLASSICAL CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUNNING A PRIVATE INDEPENDENT CATHOLIC HIGH SCHOOL THAT TEACHES A CLASSICAL CURRICULUM BASED ON THE CATHOLIC FAITH. THERE ARE 140 STUDENTS IN GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Beskar Headmaster | Officer | 40 | $117,880 |
Christopher Olley Executive Director | Officer | 40 | $82,000 |
Dale Ahlquist Director | OfficerTrustee | 1 | $0 |
Jay Ward Board Chair | OfficerTrustee | 1 | $0 |
Richard Vigilante Director | Trustee | 1 | $0 |
Nathan Metzinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $786,708 |
| Investment income | $4,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,093 |
| Net Income from Fundraising Events | $21,888 |
| Net Income from Gaming Activities | $20,715 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,178,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $170,009 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $807,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,136 |
| Advertising and promotion | $12,289 |
| Office expenses | $26,568 |
| Information technology | $26,401 |
| Royalties | $0 |
| Occupancy | $250,412 |
| Travel | $2,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,314 |
| Insurance | $6,470 |
| All other expenses | $0 |
| Total functional expenses | $1,827,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,818 |
| Savings and temporary cash investments | $170,888 |
| Pledges and grants receivable | $26,768 |
| Accounts receivable, net | $5,170 |
| 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 | $9,773 |
| Investments—publicly traded securities | $650,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,239,311 |
| Accounts payable and accrued expenses | $46,621 |
| Grants payable | $0 |
| Deferred revenue | $45,550 |
| 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 | $0 |
| Total liabilities | $92,171 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,147,140 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chesterton Academy has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Getsch Charitable Tr North Oaks, MN PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $97,712 |
| Earnings | $29,958 |
| Net Contributions | $20,000 |
| Grants | $2,300 |
| Ending Balance | $145,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Des Moines Christian School Urbandale, IA | $33,454,159 | $19,777,183 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |
Marty Indian School Board Inc Marty, SD | $22,784,414 | $13,798,378 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |