Odyssey Academy
- Assets
- $0.0
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Annandale, MN
- Founding
- Data as of
- 02/2019
- EIN
- 41-1897009
Organization Overview
Odyssey Academy is located in Annandale, MN. As of 02/2019, Odyssey Academy employed 4 individuals. Odyssey 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 02/2019, Odyssey Academy generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $31.5k during the year ending 02/2019. As we would expect to see with falling revenues, expenses have declined by (70.9%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATED STUDENTS IN GRADES K-8, NO LONGER IN OPERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ODYSSEY ACADEMY TEACHES THE WHOLE CHILD IN A HOLISTIC ENVIRONMENT THAT FOCUSES ON CREATING HEALTHY BODIES AND HEALTHY MINDS BY FOSTERING HEALTHY EATING HABITS AND PROVIDING STUDENTS WITH GYM THREE TIMES A WEEK. WE ALSO MAINTAIN AN ENVIRONMENTALLY FRIENDLY BUILDING. HEALTHY MINDS ARE NURTURED IN OUR MULTI-AGE CLASSROOMS, ALLOWING STUDENTS THE OPPORTUNITY TO LEARN FROM ONE ANOTHER AND ALLOWING PARENTS, STUDENTS, AND TEACHERS TO BUILD RELATIONSHIPS ALONG WITH TAKING EXPEDITIONS INTO REAL WORLD SITUATIONS, AND SERVICE LEARNING HELPS SHAPE OUR STUDENTS INTO RESPONSIBLE, ENGAGED CITIZENS. DURING THE YEAR, WE FINISHED OUR SUMMER SCHOOL OPERATIONS AND CLOSED THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sedey Executive Director | Officer | 40 | $665 |
Teneshia Kragness Chairperson | OfficerTrustee | 1 | $0 |
Georgette Dorsey Treasurer | OfficerTrustee | 1 | $0 |
Julie Pouliot Vice Chair | OfficerTrustee | 1 | $0 |
Heidi Pearson Clerk | OfficerTrustee | 1 | $0 |
Christy Grigor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123 |
| All other contributions, gifts, grants, and similar amounts not included above | $72 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195 |
| Total Program Service Revenue | $0 |
| Investment income | $606 |
| 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 | $3,207,509 |
| 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 | $665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$21 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,218 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,675 |
| Advertising and promotion | $0 |
| Office expenses | $51 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44 |
| 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 | $0 |
| Insurance | $3,657 |
| All other expenses | $1,206 |
| Total functional expenses | $31,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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