Prodeo Academy
- Assets
- $10.8m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 188
- Location
- Columbia Heights, MN
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 80-0743744
Organization Overview
Prodeo Academy is located in Columbia Heights, MN. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Prodeo Academy employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prodeo 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 06/2022, Prodeo Academy generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $16.3m during the year ending 06/2022. While expenses have increased by 26.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRODEO ACADEMY IS A COLLEGE PREPARATORY SCHOOL THAT PREPARES STUDENTS TO BE CRITICAL THINKERS AND INTELLIGENT LEADERS, EXPANDING THEIR OPPORTUNITIES TO CONTRIBUTE POSITIVELY AND PRODUCTIVELY TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODEO ACADEMY EDUCATED 783 STUDENTS IN PREK THROUGH 6TH GRADE DURING THE 2021-2022 SCHOOL YEAR. PRODEO ACADEMY PROVIDES INDIVIDUALIZED INSTRUCTION FOR EVERY CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Campion Executive Director | Officer | 60 | $175,000 |
Chancey Anderson CEO School Development | 42 | $118,650 | |
Matthew Daniels Member/teacher | Trustee | 42 | $53,254 |
Jeffrey Klinefelter Chairperson | OfficerTrustee | 2 | $0 |
Eric Harris Vice Chairperson | OfficerTrustee | 2 | $0 |
Jim Horn Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cst Mn Transportation Services | 6/29/22 | $1,263,906 |
Trio Community Meals Food Service | 6/29/22 | $335,224 |
Pk Property Services Llc Janitorial Services | 6/29/22 | $211,409 |
4mativ Technologies Transportation Services | 6/29/22 | $158,366 |
Cliftonlarsonallen Accounting Services | 6/29/22 | $115,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,911,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,230,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,142,475 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $1,911 |
| 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 | $16,145,303 |
| 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. | $269,975 |
| Compensation of current officers, directors, key employees. | $203,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,296,552 |
| Pension plan accruals and contributions | $619,027 |
| Other employee benefits | $540,306 |
| Payroll taxes | $592,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,883 |
| Fees for services: Accounting | $137,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $850,631 |
| Advertising and promotion | $0 |
| Office expenses | $248,214 |
| Information technology | $160,419 |
| Royalties | $0 |
| Occupancy | $1,175,146 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,695 |
| Interest | $99,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $504,980 |
| Insurance | $39,998 |
| All other expenses | $67,604 |
| Total functional expenses | $16,279,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,044,002 |
| 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 | $134,603 |
| Net Land, buildings, and equipment | $189,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,103,312 |
| Total assets | $10,823,129 |
| Accounts payable and accrued expenses | $1,576,006 |
| Grants payable | $0 |
| Deferred revenue | $17,000 |
| 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 | $278,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,970,883 |
| Total liabilities | $13,842,446 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,002,136 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$17,181 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,823,129 |