Prairie Seeds Academy
- Assets
- $12.3m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 157
- Location
- Brooklyn Park, MN
- Founding
- 12/2004
- Data as of
- 06/2023
- EIN
- 65-1216244
Organization Overview
Prairie Seeds Academy is located in Brooklyn Park, MN. The organization was established in 2004. 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, Prairie Seeds Academy employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Seeds 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, Prairie Seeds Academy generated $14.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $13.5m during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 8 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
PROVIDE EDUCATIONAL PROGRAMS FOR GRADES K-12 IN COMPLIANCE WITH MINNESOTA PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAIRIE SEEDS ACADEMY, IN COOPERATION WITH FAMILIES AND THE COMMUNITY, PROVIDES LEADERSHIP IN RIGOROUS EDUCATION TO DEVELOP INQUIRING, KNOWLEDGEABLE, AND CARING CITIZENS WHO HELP CREATE A BETTER AND MORE PEACEFUL WORLD THROUGH INTERCULTURAL UNDERSTANDING AND RESPECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Vang Associate Director | Trustee | 50 | $145,007 |
Chelsea Roering Treasurer | OfficerTrustee | 40 | $68,383 |
Rachel Jensen Teacher/board Member | Trustee | 40 | $62,183 |
Becky Buckley Board Chair | OfficerTrustee | 5 | $0 |
Zha Blong Xiong Vice Chair | OfficerTrustee | 2 | $0 |
Kadie Dickey Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunrise Rides Transportation | 6/29/22 | $205,004 |
Ride Safe Transportation Transportation | 6/29/22 | $107,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,915,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,916,092 |
| Total Program Service Revenue | $85,448 |
| Investment income | $80,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,717 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,073,551 |
| 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. | $650,118 |
| Compensation of current officers, directors, key employees. | $385,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,491,416 |
| Pension plan accruals and contributions | -$368,926 |
| Other employee benefits | $845,541 |
| Payroll taxes | $521,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,560 |
| Fees for services: Accounting | $99,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449,321 |
| Advertising and promotion | $27,233 |
| Office expenses | $0 |
| Information technology | $133,860 |
| Royalties | $1,432,076 |
| Occupancy | $308,584 |
| Travel | $478,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,142 |
| Insurance | $86,279 |
| All other expenses | $71,485 |
| Total functional expenses | $13,530,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,549 |
| Savings and temporary cash investments | $4,747,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,197,889 |
| 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 | $34,320 |
| Net Land, buildings, and equipment | $1,020,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,185,418 |
| Total assets | $12,325,252 |
| Accounts payable and accrued expenses | $1,409,999 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,139,697 |
| Total liabilities | $9,549,696 |
| 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 | $1,020,352 |
| Retained earnings, endowment, accumulated income, or other funds | $1,755,204 |
| Total liabilities and net assets/fund balances | $12,325,252 |