Art And Science Academy Inc
- Assets
- $3.6m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 78
- Location
- Isanti, MN
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-1249634
Organization Overview
Art And Science Academy Inc is located in Isanti, MN. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Art And Science Academy Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art And Science Academy Inc 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 06/2022, Art And Science Academy Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART & SCIENCE ACADEMY IS A COMPREHENSIVE TUITION-FREE PUBLIC SCHOOL OFFERING A RIGOROUS ACADEMIC PROGRAM WHILE INTEGRATING THE VISUAL AND PERFORMING ARTS INTO EACH AND EVERY SCHOOL DAY.OPEN TO ALL K-8 STUDENTS, ART & SCIENCE ACADEMY IS A UNIQUE LEARNING ENVIRONMENT WHERE DEDICATED TEACHERS INSPIRE STUDENTS TO REALIZE THEIR POTENTIAL AS INDIVIDUALS, AS STUDENTS, AS ARTISTS, AND AS MEMBERS OF A LOCAL AND GLOBAL COMMUNITY. STUDENTS LEARN IN SMALL CLASSES AND RECEIVE ALL NECESSARY ACADEMIC SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Fitton Executive Director Through 5/22 | Officer | 40 | $111,518 |
Kara Dahl Secretary/teacher | OfficerTrustee | 41 | $46,577 |
Erick Dornseif Former Member/teacher | 41 | $47,889 | |
Nate Severson Vice Chair/teacher | OfficerTrustee | 41 | $42,336 |
Roberta Provost Chair | OfficerTrustee | 5 | $0 |
Curt Nelson Treasurer Through 3/22 | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trio Community Meals Food Service | 6/29/22 | $395,068 |
Air Mechanical Hvac Services | 6/29/22 | $105,700 |
A Chance To Grow Speech Services | 6/29/22 | $231,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,273 |
| Related organizations | $0 |
| Government grants | $5,188,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,220,971 |
| Total Program Service Revenue | $108,928 |
| Investment income | $1,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,252 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,103 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,346,674 |
| 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. | $220,424 |
| Compensation of current officers, directors, key employees. | $116,819 |
| Compensation to disqualified persons | $54,780 |
| Other salaries and wages | $2,184,709 |
| Pension plan accruals and contributions | $200,934 |
| Other employee benefits | $195,001 |
| Payroll taxes | $196,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,758 |
| Fees for services: Accounting | $91,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $495,598 |
| Advertising and promotion | $0 |
| Office expenses | $80,274 |
| Information technology | $210,471 |
| Royalties | $0 |
| Occupancy | $432,583 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,874 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,122 |
| Insurance | $19,968 |
| All other expenses | $30,503 |
| Total functional expenses | $4,744,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,021,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $843,509 |
| 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 | $32,451 |
| Net Land, buildings, and equipment | $261,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,410,868 |
| Total assets | $3,569,592 |
| Accounts payable and accrued expenses | $327,981 |
| Grants payable | $0 |
| Deferred revenue | $1,961 |
| 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 | $4,469,922 |
| Total liabilities | $4,799,864 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,491,781 |
| Paid-in or capital surplus, or land, building, or equipment fund | $261,509 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,569,592 |