Rochester Beacon Academy
- Assets
- $2.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 64
- Location
- Rochester, MN
- Founding
- 09/2013
- Data as of
- 06/2021
- EIN
- 45-4835348
Organization Overview
Rochester Beacon Academy is located in Rochester, MN. The organization was established in 2013. 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 06/2021, Rochester Beacon Academy employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Beacon 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 06/2021, Rochester Beacon Academy generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 10.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE LEARNING ENVIRONMENT IN A SECONDARY SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECONDARY EDUCATION-ROCHESTER BEACON ACADEMY (RBA) WORKS TO PROVIDE EQUAL OPPORTUNITIES FOR STUDENTS GRADES 6-12 IN WHICH ACADEMIC ACHIEVEMENT OCCURS SERVING APPROXIMATELY 112 STUDENTS IN FISCAL YEAR 2021.
SECONDARY EDUCATION-ROCHESTER BEACON ACADEMY (RBA) WORKS TO PROVIDE EQUAL OPPORTUNITIES FOR STUDENTS GRADES 6-12 IN WHICH ACADEMIC ACHIEVEMENT OCCURS SERVING APPROXIMATELY 112 STUDENTS IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Musolf Ex Officio/executive Director | Officer | 40 | $79,909 |
Brenna Salfi Director | Trustee | 40 | $59,458 |
Kate Dullard Secretary | OfficerTrustee | 40 | $40,574 |
Pam Johnson Board Chair | OfficerTrustee | 1 | $0 |
Crystal Heim Vice Chair/director | OfficerTrustee | 1 | $0 |
Evin Lantz Treasuer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,549,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,556,874 |
| Total Program Service Revenue | $1,430 |
| Investment income | $635 |
| 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 | $9,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,568,600 |
| 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. | $207,042 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,141,378 |
| Pension plan accruals and contributions | $90,481 |
| Other employee benefits | $127,869 |
| Payroll taxes | $116,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,011 |
| Fees for services: Accounting | $52,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,065 |
| Advertising and promotion | $0 |
| Office expenses | $35,868 |
| Information technology | $20,141 |
| Royalties | $0 |
| Occupancy | $332,588 |
| Travel | $6,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,842 |
| Insurance | $9,489 |
| All other expenses | $0 |
| Total functional expenses | $2,367,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $842,557 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,910 |
| 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 | $24,064 |
| Net Land, buildings, and equipment | $13,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,644,671 |
| Total assets | $2,565,765 |
| Accounts payable and accrued expenses | $263,715 |
| 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 | $378,092 |
| Other liabilities | $3,604,928 |
| Total liabilities | $4,246,735 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,947,951 |
| Paid-in or capital surplus, or land, building, or equipment fund | $13,563 |
| Retained earnings, endowment, accumulated income, or other funds | $253,418 |
| Total liabilities and net assets/fund balances | $2,565,765 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rochester Beacon Academy has recieved totaling $5,976.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,417 |
Costanza Family Foundation Rochester, NY PURPOSE: GENERAL GIFT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
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 |