Ave Maria Academy
- Assets
- $9.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 48
- Location
- Maple Grove, MN
- Founding
- 06/1998
- Data as of
- 06/2023
- 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 06/2023, Ave Maria Academy employed 48 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 06/2023, Ave Maria Academy generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin A Shay Officerama Principal | Officer | 40 | $75,945 |
Steve Schmitz Director | Trustee | 1 | $0 |
Gayle Stoffel Director | Trustee | 1 | $0 |
Tracy Madder Director | Trustee | 1 | $0 |
John Jacobson Director | Trustee | 1 | $0 |
Jeanne Buckeye Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $188,228 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $436,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,881 |
| Total Program Service Revenue | $1,711,878 |
| 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 | -$47,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,356,775 |
| 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. | $82,806 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,143,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,035 |
| Payroll taxes | $95,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,467 |
| Fees for services: Accounting | $8,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,723 |
| Advertising and promotion | $15,418 |
| Office expenses | $65,029 |
| Information technology | $52,416 |
| Royalties | $0 |
| Occupancy | $294,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,972 |
| Insurance | $26,949 |
| All other expenses | $44,416 |
| Total functional expenses | $2,283,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,981 |
| Savings and temporary cash investments | $320,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,983 |
| 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 | $123,381 |
| Net Land, buildings, and equipment | $7,327,309 |
| Investments—publicly traded securities | $401,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,245 |
| Other assets | $25,724 |
| Total assets | $8,958,647 |
| Accounts payable and accrued expenses | $95,374 |
| Grants payable | $0 |
| Deferred revenue | $551,321 |
| 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 | $3,698,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,724 |
| Total liabilities | $4,371,326 |
| Net assets without donor restrictions | $4,457,457 |
| Net assets with donor restrictions | $129,864 |
| 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 | $8,958,647 |