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 06/2021, 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 06/2021, Holy Spirit Academy generated $587.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $461.6k during the year ending 06/2021. While expenses have increased by 9.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE HIGH SCHOOL IN THE CATHOLIC INTELLECTUAL TRADITION OFFERING AN INTEGRATED ACADEMIC PROGRAM. THROUGH A CLASSICAL LIBERAL ARTS EDUCATION, STUDENTS ARE GIVEN A SOLID GROUNDING IN THE TRUTH AND PREPARED FOR A LIFE AT THE SERVICE OF GOD AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALARIES: HOLY SPIRIT ACADEMYS PRIMARY EXPENDITURE IS THE SALARY OF FACULTY AND STAFF. WE RECOGNIZE THE VALUE OF EXCEPTIONAL FACULTY WHO ARE WELL-ROUNDED INDIVIDUALS AND DEDICATED TO THE MISSION OF THE SCHOOL. OUR TEACHERS GO ABOVE AND BEYOND IN CLASSROOM INSTRUCTION AND MANY SUPERVISE EXTRACURRICULAR ACTIVITIES. OUR STAFF ARE LIKEWISE DEDICATED PROFESSIONALS WHO SERVE THE STUDENTS AND THEIR FAMILIES.
SCHOOL EXPANSION/GROWTH: HOLY SPIRIT ACADEMYS DEVELOPMENT PLAN INCLUDES INCREASING ENROLLMENT FOR STUDENTS IN GRADES 9-12. 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 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 FINE-ARTS FACULTY, EXPANSION OF OUR MUSIC AND DRAMA PROGRAMS WILL GROW AS OUR STUDENT BODY GROWS. OUR EXCEPTIONAL ART PROGRAM IS A FOUR-YEAR REQUIRED COURSE THAT EDUCATES STUDENTS IN A VARIETY OF TRADITIONAL MEDIUMS. GROWTH ALSO INCREASES THE NEED FOR MORE SCIENCE AND LAB EQUIPMENT FOR HANDS-ON LEARNING. ACT PREP CLASSES ARE OFFERED AND GUIDANCE COUNSELING IS AVAILABLE TO STUDENTS. WE ARE PLEASED TO PLACE GRADUATES IN TOP-TIER COLLEGES AND HAVE A SUPPORTIVE CAREER-PLACING COMPONENT FOR OUR UPPERCLASSMEN. HOLY SPIRIT ACADEMY ACQUIRED ACCREDITATION STATUS FROM NAPCIS (THE NATIONAL ASSOCIATION OF CATHOLIC AND INDEPENDENT SCHOOLS) IN MAY, 2020. HOLY SPIRIT ACADEMY RECEIVED CANONICAL RECOGNITION AS A CATHOLIC SCHOOL FROM THE ARCHDIOCESE OF ST PAUL MINNEAPOLIS ON OCTOBER 2, 2020. HOLY SPIRIT ACADEMY HAS MANY EXTRACURRICULAR ACTIVITIES WHERE FACULTY AND PARENTS SERVE AS SUPERVISORS. CURRENT CLUBS INCLUDE DRAMA PROGRAM, BOYS BASKETBALL, GIRLS VOLLEYBALL, GOLF CLUB, CHESS CLUB, YEARBOOK CLUB, CROSS COUNTRY, MUSIC SERVICE AT A LOCAL NURSING HOME, PARENT BOOK CLUB, SKI OUTINGS, AMBASSADORS FOR LIFE CLUB, STUDENT COUNCIL, SWING AND IRISH DANCING, AND SENIOR TRIP.HOLY SPIRIT ACADEMY HAS OVER 50 VOLUNTEERS WHO ASSIST WITH BOTH THE PRACTICAL NEEDS OF THE SCHOOL AND FUNDRAISING EFFORTS. ACTIVE VOLUNTEERISM BUILDS STRONG BONDS BETWEEN THE SCHOOL, ITS FAMILIES, AND THE BROADER COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Teresa M Donnett Chairperson | OfficerTrustee | 10 | $0 |
Lisa Stokman Secretary | OfficerTrustee | 8 | $0 |
Tom Winkels Director | Trustee | 1 | $0 |
Nancy Hanowski Director | Trustee | 1 | $0 |
Andy Weitnauer Director | Trustee | 1 | $0 |
Mike Bangasser Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $111,484 |
Investment income | $16 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $13,724 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $33,148 |
Net Income from Gaming Activities | $16,900 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $587,628 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $365,922 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,830 |
Payroll taxes | $28,638 |
Fees for services: Management | $0 |
Fees for services: Legal | $25 |
Fees for services: Accounting | $985 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,353 |
Advertising and promotion | $1,539 |
Office expenses | $13,329 |
Information technology | $1,396 |
Royalties | $0 |
Occupancy | $16,209 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,479 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $242 |
Insurance | $927 |
All other expenses | $0 |
Total functional expenses | $461,644 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $155,162 |
Pledges and grants receivable | $0 |
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 | $750 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,000 |
Total assets | $1,316,367 |
Accounts payable and accrued expenses | $12,124 |
Grants payable | $0 |
Deferred revenue | $33,374 |
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 | $1,157,200 |
Total liabilities | $1,202,698 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $113,669 |
Over the last fiscal year, we have identified 4 grants that Holy Spirit Academy has recieved totaling $11,997.
Awarding Organization | Amount |
---|---|
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: GENERAL OPERATING, TUITION ASSISTANCE | $5,750 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,549 |
Anderson Family Foundation Inc Plymouth, MN PURPOSE: GENERAL OPERATING EXPENSES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $198 |
Organization Name | Assets | Revenue |
---|---|---|
Blake School Hopkins, MN | $191,397,009 | $55,181,768 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |
Minnehaha Academy Minneapolis, MN | $87,515,002 | $27,566,696 |
Little Wound School Board Inc Kyle, SD | $30,101,573 | $34,256,769 |
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 |