Minnesota Early Learning Academy Inc is located in Maple Grove, 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 06/2023, Minnesota Early Learning Academy Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Early Learning 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 06/2023, Minnesota Early Learning Academy Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.1m during the year ending 06/2023. While expenses have increased by 10.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE CHILDREN AND FAMILIES IN URBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING ITS SEVENTH YEAR OF OPERATION, MELA SERVED 178 STUDENTS IN GRADES PREK-6.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Scherer Board Chair | OfficerTrustee | 1 | $0 |
Antonio Zambrano Vice Chair | OfficerTrustee | 1 | $0 |
Cynthia Kuenzel Secretary/teacher | OfficerTrustee | 41 | $54,331 |
Julie Eduputa Treasurer | OfficerTrustee | 1 | $0 |
Malai Turnball Member | Trustee | 1 | $0 |
Joshua Moeschl Member/teacher | Trustee | 41 | $16,523 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Collaborative Student Transportation Of Transportation | 6/29/23 | $425,112 |
Done Right Food Services Inc Food Service | 6/29/23 | $165,941 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,381,604 |
All other contributions, gifts, grants, and similar amounts not included above | $100,634 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,482,238 |
Total Program Service Revenue | $9,387 |
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 | $3,509,140 |
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. | $250,098 |
Compensation of current officers, directors, key employees. | $142,859 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,372,976 |
Pension plan accruals and contributions | $112,233 |
Other employee benefits | $99,007 |
Payroll taxes | $118,356 |
Fees for services: Management | $0 |
Fees for services: Legal | $318 |
Fees for services: Accounting | $105,390 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $244,555 |
Advertising and promotion | $0 |
Office expenses | $22,914 |
Information technology | $41,831 |
Royalties | $0 |
Occupancy | $48,577 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $42,088 |
Interest | $149,354 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $436,240 |
Insurance | $19,789 |
All other expenses | $21,686 |
Total functional expenses | $4,090,120 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $23,001 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $329,607 |
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 | $84,967 |
Net Land, buildings, and equipment | $44,856 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,354,574 |
Total assets | $2,837,005 |
Accounts payable and accrued expenses | $365,393 |
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 | $125,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,400,988 |
Total liabilities | $4,891,381 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | -$1,609,661 |
Paid-in or capital surplus, or land, building, or equipment fund | -$444,715 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,837,005 |