Breakaway Academy Foundation
- Assets
- $110.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chaska, MN
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 81-1768029
Organization Overview
Breakaway Academy Foundation is located in Chaska, MN. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakaway Academy Foundation 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 12/2023, Breakaway Academy Foundation generated $187.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $217.0k during the year ending 12/2023. While expenses have increased by 53.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT THE SCHOOL THROUGH TUITION ASSISTANCE AND THE SCHOOL CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Snuggerud Board Member | 2 | $0 | |
Lyman Brink President | 2 | $0 | |
Greg Baranivsky Board Member | 2 | $0 | |
Jessica Martin Treasurer | 2 | $0 | |
Heather Beumer Board Member | 2 | $0 | |
Jessie Bloedow Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,000 |
| Total Program Service Revenue | $132,216 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,216 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,086 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,443 |
| Other expenses | $110,592 |
| Total expenses | $216,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,179 |
| Other assets | $0 |
| Total assets | $110,179 |
| Total liabilities | $1,782 |
| Net assets or fund balances | $108,397 |