Achieve Language Academy
- Assets
- $7.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 81
- Location
- St Paul, MN
- Founding
- 12/1997
- Data as of
- 06/2023
- EIN
- 72-1323420
Organization Overview
Achieve Language Academy is located in St Paul, MN. The organization was established in 1997. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Achieve Language Academy employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achieve Language 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, Achieve Language Academy generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.4m during the year ending 06/2023. While expenses have increased by 0.8% 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 PROVIDE EDUCATION TO STUDENTS IN GRADES PRE-K TO 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A LANGUAGE ACADEMY SERVING A MULTICULTURAL POPULATION OF STUDENTS IN GRADES PRE-K TO 8. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE ACADEMY SERVED AN ESTIMATED 435 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Brandt Board Chair/teacher | OfficerTrustee | 40 | $70,986 |
Audra Lind Secretary/teacher | OfficerTrustee | 40 | $77,649 |
Angelica Perez Garcia Treasurer | OfficerTrustee | 1 | $0 |
Sharon Oberg Member | Trustee | 1 | $0 |
Kaylee Gueltzow Member/teacher | Trustee | 40 | $52,442 |
Marc Silverman Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerline Charter Corp Student Transportation | 6/29/23 | $849,215 |
Done Right Food Services Food Service | 6/29/23 | $201,000 |
Family Achievement Center Student Support Services | 6/29/23 | $106,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,230,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,261,998 |
| Total Program Service Revenue | $44,650 |
| Investment income | $20,592 |
| 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 | $7,655,318 |
| 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. | $301,296 |
| Compensation of current officers, directors, key employees. | $54,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,636,913 |
| Pension plan accruals and contributions | $382,987 |
| Other employee benefits | $361,885 |
| Payroll taxes | $292,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,199 |
| Fees for services: Accounting | $97,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $831,614 |
| Advertising and promotion | $0 |
| Office expenses | $1,200 |
| Information technology | $87,438 |
| Royalties | $0 |
| Occupancy | $624,554 |
| Travel | $29,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,377 |
| Interest | $5,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,157 |
| Insurance | $60,337 |
| All other expenses | $84,313 |
| Total functional expenses | $7,397,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,803,446 |
| Savings and temporary cash investments | $1,655,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,148,813 |
| 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 | $40,129 |
| Net Land, buildings, and equipment | $164,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,614,546 |
| Total assets | $7,426,761 |
| Accounts payable and accrued expenses | $1,045,952 |
| 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 | $5,730,449 |
| Total liabilities | $6,776,401 |
| 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 | $164,174 |
| Retained earnings, endowment, accumulated income, or other funds | $486,186 |
| Total liabilities and net assets/fund balances | $7,426,761 |