Hennepin Elementary School
- Assets
- $6.4m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 120
- Location
- Minneapolis, MN
- Founding
- 12/2013
- Data as of
- 06/2020
- EIN
- 80-0514400
Organization Overview
Hennepin Elementary School, operating under the name Hennepin Schools, is located in Minneapolis, MN. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2020, Hennepin Schools employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hennepin Schools 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 06/2020, Hennepin Schools generated $7.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $8.4m during the year ending 06/2020. While expenses have increased by 12.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HENNEPIN ELEMENTARY SCHOOL'S PRIMARY MISSION IS TO PROVIDE ALL OF ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, AND CHARACTER TO GRADUATE FROM HIGH SCHOOL, AND THE CONFIDENCE TO CONTINUE ON AND SUCCESSFULLY COMPLETE THEIR POST-SECONDARY EDUCATION. THE SCHOOL PREPARES ITS GRADUATES TO LIVE THOUGHTFUL AND PURPOSEFUL LIVES EQUIPPED WITH THE TOOLS TO ENGAGE SUCCESSFULLY IN THEIR OWN "PURSUIT OF HAPPINESS," THEREBY CONTRIBUTING GREATLY TO THE GOOD OF THEIR COMMUNITIES AND THEIR FAMILIES. ALL STUDENTS LEARN THE ACADEMIC AND PERSONAL SKILLS THEY NEED TO SUCCEED IN HIGHER EDUCATION, COMPETE IN A GLOBAL ECONOMY, AND PURSUE THEIR DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENNEPIN SCHOOLS COMPLETED ITS EIGHTH YEAR SERVING STUDENTS ON JUNE 30, 2020. HENNEPIN ELEMENTARY SCHOOL SERVED 394 STUDENTS IN GRADES K-8. THE SCHOOL SERVES A WIDE RANGE OF DIVERSE FAMILIES FROM MIDDLE CLASS TO LOW SOCIO-ECONOMIC STATUS. WE ARE 98% FREE AND REDUCED PRICE LUNCH AND 64% ENGLISH LANGUAGE LEARNERS. THE RACIAL/ETHNIC DEMOGRAPHICS ARE AS FOLLOWS: 91% BLACK, 8% LATINO, AND 1% WHITE, AS PER THE MDE WEBSITE.
HENNEPIN SCHOOLS COMPLETED ITS EIGHTH YEAR SERVING STUDENTS ON JUNE 30, 2020. HENNEPIN ELEMENTARY SCHOOL SERVED 394 STUDENTS IN GRADES K-8. THE SCHOOL SERVES A WIDE RANGE OF DIVERSE FAMILIES FROM MIDDLE CLASS TO LOW SOCIO-ECONOMIC STATUS. WE ARE 98% FREE AND REDUCED PRICE LUNCH AND 64% ENGLISH LANGUAGE LEARNERS. THE RACIAL/ETHNIC DEMOGRAPHICS ARE AS FOLLOWS: 91% BLACK, 8% LATINO, AND 1% WHITE, AS PER THE MDE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Henderson Executive Director | Officer | 40 | $152,869 |
John Slavik Secretary And Teacher | OfficerTrustee | 40 | $50,161 |
Christina Lacina Member And Teacher | Trustee | 40 | $14,913 |
Miguel Mendez Vice-President | OfficerTrustee | 1 | $0 |
Charlayne Myers President | OfficerTrustee | 5 | $0 |
Jeffrey Rainey Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Billie Bus Transportation Transportation | 6/29/20 | $783,289 |
St Stephen's Catholic Church Building Lease | 6/29/20 | $623,508 |
Done Right Foods Food Service | 6/29/20 | $336,986 |
Shunaki Technologies It | 6/29/20 | $222,701 |
Peip Health Insurance | 6/29/20 | $228,717 |
St Stephen's Catholic Church Building Lease | 6/29/20 | $623,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,556,017 |
| Investment income | $9,123 |
| 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 | $7,588,845 |
| 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. | $247,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,112,115 |
| Pension plan accruals and contributions | $1,001,887 |
| Other employee benefits | $246,748 |
| Payroll taxes | $273,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $602,801 |
| Advertising and promotion | $0 |
| Office expenses | $525,145 |
| Information technology | $239,267 |
| Royalties | $0 |
| Occupancy | $654,078 |
| Travel | $925,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,533 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,626 |
| Insurance | $20,304 |
| All other expenses | $0 |
| Total functional expenses | $8,425,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,647,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,021,665 |
| Accounts receivable, net | $15,958 |
| 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 | $148,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,447,234 |
| Total assets | $6,409,585 |
| Accounts payable and accrued expenses | $609,909 |
| 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 | $6,671,908 |
| Total liabilities | $7,281,817 |
| 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 | -$872,232 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hennepin Elementary School has recieved totaling $44,500.
| Awarding Organization | Amount |
|---|---|
Great Mn Schools Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $34,000 |
Friends Of Education Minnetonka, MN PURPOSE: GENERAL SUPPORT | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |
Prairie Seeds Academy Brooklyn Park, MN | $11,928,237 | $14,361,129 |
Kipp Minnesota Minneapolis, MN | $9,470,276 | $14,681,951 |
Prodeo Academy Columbia Heights, MN | $7,923,634 | $13,232,357 |