Arete A2e2
- Assets
- $638.0k
- Revenue
- $599.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 01/2015
- Data as of
- 06/2022
- EIN
- 46-5681606
Organization Overview
Arete A2e2 is located in Minneapolis, MN. The organization was established in 2015. 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 06/2022, Arete A2e2 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arete A2e2 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, Arete A2e2 generated $599.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $622.5k during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 6 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
ARETE ACADEMY OF EXCEPTIONAL EDUCATION IS COMMITTED TO PARTNERING WITH STUDENTS, PARENTS, AND THE COMMUNITY TO PROVIDE A NURTURING ENVIRONMENT FOR GIFTED STUDENTS WHO LEARN DIFFERENTLY. AT ARETE, EACH STUDENT'S UNIQUE GIFTS ARE RECOGNIZED AND CELEBRATED, AND THEIR LEARNING DIFFERENCES ARE ACCEPTED AND SUPPORTED. STUDENTS EXPERIENCE A SENSE OF BELONGING AND BUILD SELF-ESTEEM THROUGH PROGRAMMING FOCUSED ON STRENGTH-BASED LEARNING, FLEXIBILITY, EDUCATIONAL TECHNOLOGY, AND A COMMITMENT TO EMBRACING THE WHOLE CHILD. WE STRIVE TO MEET EACH STUDENT'S ACADEMIC, SOCIAL AND EMOTIONAL NEEDS TO ENCOURAGE THEM TO REACH THEIR FULL POTENTIAL AND APPLY THEIR GIFTS TO MAKE LASTING CONTRIBUTIONS TO THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARETE A2E2, LOCATED IN MINNEAPOLIS, MN, AKA ARETE ACADEMY OF EXCEPTIONAL EDUCATION, IS A PRIVATE SCHOOL WHICH PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN GRADES 5-12 WHO ARE TWICE EXCEPTIONAL. TWICE EXCEPTIONAL STUDENTS ARE BOTH GIFTED AND HAVE A LEARNING DISABILITY SUCH AS DYSLEXIA, DYSGRAPHIA, AUDITORY PROCESSING DISORDERS, AND/OR ADHD. THE SCHOOL PROVIDES SENSORY-FRIENDLY CLASSROOMS AND OPERATES ON A TYPICAL SCHOOL-YEAR CALENDAR. SUMMER PROGRAMS ARE ALSO PROVIDED BY THE SCHOOL. OUR EXEMPT PURPOSE IS TO OPERATE AS A SCHOOL AND PROVIDE EDUCATIONAL OPPORTUNITIES AND SUPPORT SERVICES TO BRIGHT YOUTHS WHO LEARN DIFFERENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Allenburg Board Member At Large | Trustee | 0.25 | $0 |
Rob Brzezinski Founder | OfficerTrustee | 4 | $0 |
Erica Bugenhagen Secretary | OfficerTrustee | 0.25 | $0 |
Chrissy Burnside Board Member At Large | Trustee | 0.25 | $0 |
Katy Hokanson Vice President | OfficerTrustee | 0.25 | $0 |
Diane Moncrief Board Member At Large | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,838 |
| Total Program Service Revenue | $453,293 |
| 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 | $599,131 |
| 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. | $110,509 |
| Compensation of current officers, directors, key employees. | $25,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,579 |
| Payroll taxes | $29,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,217 |
| Advertising and promotion | $2,480 |
| Office expenses | $2,784 |
| Information technology | $4,199 |
| Royalties | $0 |
| Occupancy | $102,500 |
| Travel | $79 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,528 |
| Insurance | $8,291 |
| All other expenses | $2,824 |
| Total functional expenses | $622,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218,992 |
| 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 | $3,927 |
| Net Land, buildings, and equipment | $11,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,750 |
| Total assets | $638,027 |
| Accounts payable and accrued expenses | $31,479 |
| Grants payable | $0 |
| Deferred revenue | $808 |
| 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 | $1,500 |
| Total liabilities | $33,787 |
| Net assets without donor restrictions | $569,746 |
| Net assets with donor restrictions | $34,494 |
| 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 | $638,027 |