Holy Spirit Academy
- Assets
- $2.2m
- Revenue
- $830.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Monticello, MN
- Founding
- 03/2014
- Data as of
- 06/2023
- EIN
- 46-3049721
Organization Overview
Holy Spirit Academy is located in Monticello, MN. The organization was established in 2014. 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 06/2023, Holy Spirit Academy employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Spirit 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, Holy Spirit Academy generated $830.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $834.5k during the year ending 06/2023. While expenses have increased by 21.8% per year over the past 3 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
HOLY SPIRIT ACADEMY IS A PRIVATE HIGH SCHOOL IN THE CATHOLIC INTELLECTUAL TRADITION OFFERING AN INTEGRATED ACADEMIC PROGRAM. THE SCHOOLS CHRIST-CENTERED APPROACH TO EDUCATION FOSTERS AN ENVIRONMENT GROUNDED IN THE TRUTH, WHICH PREPARES STUDENTS FOR A LIFE AT THE SERVICE OF OTHERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL EXPANSION/GROWTH: HOLY SPIRIT ACADEMYS DEVELOPMENT PLAN INCLUDES INCREASING ENROLLMENT FOR STUDENTS IN GRADES 912.THE CURRENT FACILITY WILL ACCOMMODATE UP TO 65 STUDENTS, AND WE ARE MAKING PLANS FOR FURTHER GROWTH. OUR STRATEGIC PLAN PROCESS STRESSES CONTINUED PRUDENT USE OF FINANCIAL RESOURCES. VITA SOCIETY MEMBERSHIP AND MONTHLY DONOR PROGRAMS HAVE BEEN ESTABLISHED TO FOSTER THE SUSTAINABILITY OF THE SCHOOL FOR YEARS TO COME. PARTICIPATION IN THE LIFE OF ST. HENRY CATHOLIC CHURCH OFFERS STUDENTS SPIRITUAL NOURISHMENT THROUGH THE GIFT OF THE HOLY MASS, DAILY COMMUNAL PRAYER, AND FREQUENT CONFESSION. PRAYER AND SACRAMENTS OFFER STUDENTS AND FACULTY AN INTIMATE EXPERIENCE OF CHRIST, WHICH BRINGS TO LIFE THE STUDY OF HIS TRUTH IN THE CLASSROOM. WITH A DEDICATED FINEARTS FACULTY, EXPANSION OF OUR MUSIC AND DRAMA PROGRAMS WILL GROW AS OUR STUDENT BODY GROWS. OUR EXCEPTIONAL ART PROGRAM IS A FOURYEAR REQUIRED COURSE THAT EDUCATES STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Weitnauer Director | Trustee | 2 | $0 |
Cory Sommer Director | Trustee | 2 | $0 |
Melissa Zachman Director | Trustee | 2 | $0 |
Thomas Winkles Director | Trustee | 2 | $0 |
Mike Bangasser Director | Trustee | 2 | $0 |
Steve Bohlke Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,046 |
| Total Program Service Revenue | $433,131 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,600 |
| 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 | $830,806 |
| 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 | $612,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,086 |
| Office expenses | $97,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,368 |
| Travel | $18,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,669 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,115 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $834,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,369 |
| 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 | $3,493 |
| Net Land, buildings, and equipment | $1,911,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,692 |
| Total assets | $2,228,461 |
| Accounts payable and accrued expenses | $33,018 |
| Grants payable | $0 |
| Deferred revenue | $36,922 |
| 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 | $1,998,659 |
| Total liabilities | $2,068,599 |
| Net assets without donor restrictions | $140,713 |
| Net assets with donor restrictions | $19,149 |
| 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 | $2,228,461 |