Prodeo Academy
- Assets
- $7.9m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 148
- Location
- Columbia Heights, MN
- Founding
- 03/2012
- Data as of
- 06/2021
- 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 06/2021, Prodeo Academy employed 148 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 06/2021, Prodeo Academy generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $12.8m during the year ending 06/2021. While expenses have increased by 26.1% 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
2021
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 STUDENTS IN PREK THROUGH 6TH GRADE DURING THE 2020-2021 SCHOOL YEAR. PRODEO ACADEMY PROVIDES INDIVIDUALIZED INSTRUCTION FOR EVERY CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chancey Anderson CEO School Development | 40 | $160,348 | |
Richard Campion Executive Director | Officer | 60 | $143,443 |
Matthew Daniels Member/teacher | Trustee | 42 | $54,031 |
Jeffrey Klinefelter Chairperson | OfficerTrustee | 2 | $0 |
Eric Harris Vice-Chair | OfficerTrustee | 2 | $0 |
Jim Horn Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Financial Services | 6/29/21 | $150,666 |
Twin Cities Education Consultants Llc Special Education Consulting Services | 6/29/21 | $138,346 |
4mativ Technologies Transportation Services | 6/29/21 | $396,195 |
Moving Matters Llc Special Education Consulting Services | 6/29/21 | $124,407 |
Wordplay Speech And Language Services Special Education Consulting Services | 6/29/21 | $114,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,476,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $707,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,183,691 |
| Total Program Service Revenue | $0 |
| Investment income | $3,335 |
| 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 | $13,232,357 |
| 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. | $426,826 |
| Compensation of current officers, directors, key employees. | $363,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,199,692 |
| Pension plan accruals and contributions | $541,316 |
| Other employee benefits | $527,070 |
| Payroll taxes | $486,380 |
| Fees for services: Management | $14,543 |
| Fees for services: Legal | $10,123 |
| Fees for services: Accounting | $161,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $732,956 |
| Advertising and promotion | $0 |
| Office expenses | $344,942 |
| Information technology | $207,369 |
| Royalties | $0 |
| Occupancy | $1,321,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,984 |
| Interest | $894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,660 |
| Insurance | $29,950 |
| All other expenses | $44,566 |
| Total functional expenses | $12,806,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,340,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,717,037 |
| 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 | $129,507 |
| Net Land, buildings, and equipment | $148,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,587,731 |
| Total assets | $7,923,634 |
| Accounts payable and accrued expenses | $1,172,828 |
| 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 | $380,265 |
| Other liabilities | $8,763,855 |
| Total liabilities | $10,316,948 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,541,675 |
| Paid-in or capital surplus, or land, building, or equipment fund | $148,361 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,923,634 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Prodeo Academy has recieved totaling $787,939.
| Awarding Organization | Amount |
|---|---|
Wem 2000 Foundation Minneapolis, MN PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF PRODEO ACADEMY | $500,000 |
Great Mn Schools Minneapolis, MN PURPOSE: FISCAL YEAR 2022 INVESTMENT | $100,000 |
Ciresi Walburn Foundation For Children Minneapolis, MN PURPOSE: PROVIDE INDIVIDUALIZED INSTRUCTION FOR EVERY CHILD | $76,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,360 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, EDUCATION | $20,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
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 |