Ave Maria Academy
- Assets
- $8.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Maple Grove, MN
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 41-1871572
Organization Overview
Ave Maria Academy is located in Maple Grove, MN. The organization was established in 1998. 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 06/2022, Ave Maria Academy employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ave Maria 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, Ave Maria Academy generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 0.9% 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
AVE MARIA ACADEMY IS A CATHOLIC SCHOOL OF ACADEMIC EXCELLENCE FOR BOYS AND GIRLS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL MUST MEET ALL STATE EDUCATIONAL REQUIREMENTS AND TESTING STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVE MARIA ACADEMY IS A CATHOLIC SCHOOL OF ACADEMIC EXCELLENCE FOR BOYS AND GIRLS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL MUST MEET ALL STATE EDUCATIONAL REQUIREMENTS AND TESTING STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin A Shay Officer | Officer | 40 | $34,761 |
Joseph Betlej Treasurer | OfficerTrustee | 3 | $0 |
Terrence Kopp Chairman | OfficerTrustee | 10 | $0 |
Keith Huegel Secretary | OfficerTrustee | 1 | $0 |
Kimberly Day Director | Trustee | 1 | $0 |
Gayle Stoffel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $372,785 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,831 |
| Total Program Service Revenue | $1,605,005 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$48,601 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,366,568 |
| 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. | $81,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,114,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,286 |
| Payroll taxes | $102,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $843 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,751 |
| Advertising and promotion | $13,388 |
| Office expenses | $70,931 |
| Information technology | $38,406 |
| Royalties | $0 |
| Occupancy | $289,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,118 |
| Insurance | $23,977 |
| All other expenses | $5,865 |
| Total functional expenses | $2,199,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,965 |
| Savings and temporary cash investments | $715,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,554 |
| 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 | $121,452 |
| Net Land, buildings, and equipment | $7,405,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,207 |
| Other assets | $0 |
| Total assets | $8,818,696 |
| Accounts payable and accrued expenses | $92,800 |
| Grants payable | $0 |
| Deferred revenue | $415,113 |
| 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 | $3,796,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,304,797 |
| Net assets without donor restrictions | $4,451,498 |
| Net assets with donor restrictions | $62,401 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,818,696 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ave Maria Academy has recieved totaling $48,928.
| Awarding Organization | Amount |
|---|---|
Catholic Schools Center Of Excellence Minneapolis, MN PURPOSE: ENHANCE ACADEMIC EXCELLENCE AND INCREASE ENROLLMENT | $22,475 |
Two Eagles Foundation Inc Tomahawk, WI PURPOSE: TUITION ASSISTANCE | $19,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,830 |
Graco Foundation Minneapolis, MN PURPOSE: GIFT MATCHING | $1,083 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $540 |
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 |