Urban Academy
- Assets
- $16.8m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 68
- Location
- St Paul, MN
- Founding
- 12/2002
- Data as of
- 06/2023
- EIN
- 41-1977516
Organization Overview
Urban Academy is located in St Paul, MN. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Urban Academy employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban 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, Urban Academy generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $8.3m during the year ending 06/2023. While expenses have increased by 9.4% 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
INSPIRING, CHALLENGING, AND ENHANCING EVERY STUDENT'S INNATE ABILITY TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONESTY, PERSONAL RESPONSIBILITY, SELF-DISCIPLINE, COOPERATION AND RESPECT FOR OTHERS.URBAN ACADEMY PROVIDES A QUALITY EDUCATION FOR URBAN STUDENTS IN GRADES PREK-8. WE BELIEVE THAT EDUCATION PLAYS A CRITICAL ROLE IN DEVELOPING CREATIVE AND RESPONSIBLE HUMAN BEINGS. CHILDREN HAVE AN INNATE ABILITY TO LEARN. WHEN NURTURED AND TAUGHT IN AN ENVIRONMENT THAT RESPECTS THEIR UNIQUE CULTURE, ABILITIES, RESILIENCY, AND EFFORT, THEY AWAKEN THE DESIRE TO LEARN. READY AND WILLING TO BE TAUGHT, CHILDREN GROW AND FLOURISH AS CREATIVE CITIZENS, ABLE TO MAKE THEIR OWN DISTINCTIVE CONTRIBUTION TO SOCIETY.URBAN ACADEMY BELIEVES IN A STRONG PARTNERSHIP WITH THE STUDENT'S HOME AND COMMUNITY IN WHICH THEY RESIDE. EVERY STUDENT IS TO BE UNDERSTOOD HOLISTICALLY, BY UNDERSTANDING THE STUDENT'S ACADEMIC ABILITIES, SOCIAL AND PERSONAL LIFE, WHICH IMPACTS THEIR ACADEMICS AND BEHAVIOR. OUR FAMILY SPECIALIST IS A RESOURCE TO THE PARENTS BY PROVIDING THEM RESOURCES THAT THEY NEED SO THAT THEY CAN SUPPORT THEIR CHILDREN AT HOME. TO CREATE A SCHOOL IMPROVEMENT PROCESS AND PLAN THAT IS COLLABORATIVE, FOCUSES ON STUDENT LEARNING, AND IS MEASURED BY MULTIPLE SOURCES OF DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Jenson Board Chair | OfficerTrustee | 1 | $0 |
Fong Lor Vice Chair | OfficerTrustee | 1 | $0 |
Dr Tamara Mattison Finance Chair | OfficerTrustee | 1 | $0 |
Caley Long Secretary | OfficerTrustee | 1 | $0 |
Nancy Smith Board Member | Trustee | 1 | $0 |
Yuyin Liao Teacher Member | Trustee | 41 | $74,124 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Done Right Food Student Food Services | 6/29/23 | $440,442 |
Monarch Transportation Student Transportation | 6/29/23 | $495,142 |
Designs For Learning Accounting, Special Education Services | 6/29/23 | $177,045 |
Huechee T Ly Paraprofessional & Janitorial Services | 6/29/23 | $105,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,126,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,183,605 |
| Total Program Service Revenue | $9,439 |
| Investment income | $17,325 |
| 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 | $8,220,308 |
| 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. | $424,288 |
| Compensation of current officers, directors, key employees. | $184,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,232,172 |
| Pension plan accruals and contributions | $300,763 |
| Other employee benefits | $274,450 |
| Payroll taxes | $277,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $763,217 |
| Advertising and promotion | $0 |
| Office expenses | $201,075 |
| Information technology | $151,542 |
| Royalties | $0 |
| Occupancy | $353,918 |
| Travel | $32,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $493,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549,837 |
| Insurance | $498 |
| All other expenses | $73,559 |
| Total functional expenses | $8,298,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,008 |
| Savings and temporary cash investments | $3,268,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,205,466 |
| 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 | $6,304 |
| Net Land, buildings, and equipment | $474,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,573,004 |
| Total assets | $16,752,783 |
| Accounts payable and accrued expenses | $577,611 |
| 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 | $14,190,627 |
| Total liabilities | $14,768,238 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $927,423 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,057,122 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,752,783 |