Technical Academies Of Minnesota
- Assets
- $2.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 60
- Location
- Willmar, MN
- Founding
- 05/2013
- Data as of
- 06/2023
- EIN
- 46-0977989
Organization Overview
Technical Academies Of Minnesota is located in Willmar, MN. The organization was established in 2013. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Technical Academies Of Minnesota employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technical Academies Of Minnesota 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, Technical Academies Of Minnesota generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 4.8% 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
THE MISSION OF TAM IS TO PROVIDE A STUDENT-DIRECTED LEARNING ENVIRONMENT THAT IS CHALLENGING, DEMOCRATIC, REFLECTIVE, JOYFUL AND HOPEFUL. STUDENTS' UNIQUE DEVELOPMENTAL NEEDS AND CAPACITIES ARE APPRECIATED AND EVERY STUDENT IS VALUED AS A WHOLE HUMAN BEING-HEART, MIND, BODY AND SOUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAM IS WHERE EVERY STUDENT LEARNS, DISCOVERS, CREATES AND INSPIRES TO MAKE THE WORLD A BETTER PLACE. DURING THE YEAR WE PROVIDED BENEFITS TO APPROXIMATELY 138 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Barnes Board Chair/community | OfficerTrustee | 1 | $0 |
Ashley Lucas Vice Chair/teacher | OfficerTrustee | 41 | $39,977 |
Dawn Nuss Treasurer/teacher | OfficerTrustee | 41 | $66,467 |
Jill Blomker At Large/teacher | Trustee | 1 | $0 |
Shanna Hofland At Large/parent | Trustee | 1 | $0 |
Rochelle Schultz At Large/parent | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,772,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,777,024 |
| Total Program Service Revenue | $8,021 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,796,651 |
| 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. | $111,622 |
| Compensation of current officers, directors, key employees. | $8,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,382,354 |
| Pension plan accruals and contributions | $26,431 |
| Other employee benefits | $165,251 |
| Payroll taxes | $112,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,564 |
| Advertising and promotion | $0 |
| Office expenses | $8,599 |
| Information technology | $65,043 |
| Royalties | $0 |
| Occupancy | $258,034 |
| Travel | $37,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,072 |
| Insurance | $20,600 |
| All other expenses | $5,776 |
| Total functional expenses | $2,555,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $216,450 |
| 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 | $51,470 |
| Net Land, buildings, and equipment | $346,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,432 |
| Total assets | $2,331,914 |
| Accounts payable and accrued expenses | $169,161 |
| 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 | $1,853,757 |
| Total liabilities | $2,022,918 |
| Net assets without donor restrictions | $308,996 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,331,914 |