Twin Cities Academy
- Assets
- $1.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 66
- Location
- St Paul, MN
- Founding
- Data as of
- 06/2016
- EIN
- 41-1888852
Organization Overview
Twin Cities Academy is located in St Paul, MN. As of 06/2015, Twin Cities Academy employed 66 individuals. Twin Cities 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 06/2016, Twin Cities Academy generated $3.4m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $3.2m during the year ending 06/2016. While expenses have increased by 8.9% per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TWIN CITIES ACADEMY PROVIDES A COMPREHENSIVE PROGRAM OF INSTRUCTION TO STUDENTS IN GRADES 6-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWIN CITIES ACADEMY PROVIDES A COMPREHENSIVE PROGRAM OF INSTRUCTION TO STUDENTS IN GRADES SIX, SEVEN AND EIGHT. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, TWIN CITIES ACADEMY SERVED AN ESTIMATED 216 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Schnek Vice Chair | OfficerTrustee | 40 | $56,580 |
Betsy Lueth Principal/director | Officer | 20 | $51,786 |
Kristen Sieg Member | Trustee | 40 | $39,096 |
Christine Rider Chairperson | OfficerTrustee | 1 | $0 |
Angela Drew Secretary | OfficerTrustee | 1 | $0 |
Chrissy Snider Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academy Of Holy Angels Student Transportation | 6/29/15 | $346,415 |
Corporate Technologies It | 6/29/15 | $280,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,941,702 |
| Investment income | $1,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,397,875 |
| Statement of Expenses | |
|---|---|
| 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. | $173,667 |
| Compensation to disqualified persons | $86,039 |
| Other salaries and wages | $955,995 |
| Pension plan accruals and contributions | $100,024 |
| Other employee benefits | $164,904 |
| Payroll taxes | $88,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,181 |
| Fees for services: Accounting | $65,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,353 |
| Advertising and promotion | $1,278 |
| Office expenses | $17,766 |
| Information technology | $77,677 |
| Royalties | $0 |
| Occupancy | $379,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,082 |
| Insurance | $9,831 |
| All other expenses | $36,541 |
| Total functional expenses | $3,150,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $648,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $333,446 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,663,360 |
| Accounts payable and accrued expenses | $254,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $681,030 |
| 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 | $918,456 |
| Total liabilities | $1,172,988 |
| 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 | -$190,658 |
| Total liabilities and net assets/fund balances | $490,372 |
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|---|---|---|
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Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
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