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Nonprofiteer
← LEO AUGUSTA CHILDREN'S ACADEMY

Form 990 for tax year 2024

Filed by LEO AUGUSTA CHILDREN'S ACADEMY.

Totals

Total revenue
$1,226,123
Total expenses
$1,574,644
Contributions and grants received
$582,643
Grants paid
$0
Program service revenue
$638,293
Investment income
$173
Other revenue
$5,014
Total assets, end of year
$3,434,732
Total liabilities, end of year
$1,656,950
Net assets or fund balances, end of year
$1,777,782
Program services expenses (Part IX)
$1,245,518
Management and general expenses
$329,126
Fundraising expenses
$0
Program service expenses (Part III)
$1,245,518

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $128,553

  • 1f · All other contributions, gifts and grants

    $454,090

  • 1g · Noncash contributions included above

    $2,980

  • 2a · Program service revenue: CLASSROOM TUITION AND

    total $638,293 · related or exempt $638,293

  • 3 · Investment income

    total $173 · excluded $173

  • 6a · Gross rents

    real property $1,750

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,750

  • 6d · Net rental income or loss

    total $1,750 · excluded $1,750

  • 8a · Fundraising events: gross income

    $3,264

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $3,264 · excluded $3,264

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,386 · program services $71,447 · management and general $7,939

  • 7 · Other salaries and wages

    total $701,665 · program services $693,309 · management and general $8,356

  • 9 · Other employee benefits

    total $8,369 · management and general $8,369

  • 10 · Payroll taxes

    total $62,956 · program services $57,104 · management and general $5,852

  • 11a · Fees: management

    total $26,948 · management and general $26,948

  • 12 · Advertising and promotion

    total $2,492 · management and general $2,492

  • 13 · Office expenses

    total $68,142 · program services $59,794 · management and general $8,348

  • 14 · Information technology

    total $10,527 · management and general $10,527

  • 16 · Occupancy

    total $299,120 · program services $255,130 · management and general $43,990

  • 17 · Travel

    total $1,800 · program services $1,800

  • 20 · Interest

    total $62,437 · management and general $62,437

  • 22 · Depreciation, depletion and amortization

    total $89,934 · program services $76,444 · management and general $13,490

  • 23 · Insurance

    total $20,092 · management and general $20,092

  • 24a · Other expenses: TAXES AND LICENSES

    total $69,521 · program services $2,995 · management and general $66,526

  • 24b · Other expenses: MISCELLANEOUS

    total $26,099 · program services $20,016 · management and general $6,083

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $23,310 · program services $4,422 · management and general $18,888

  • 24d · Other expenses: MEMBERSHIP DUES/SUBS

    total $21,026 · program services $2,237 · management and general $18,789

  • 24e · All other expenses

    total $820 · program services $820

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $106,894 · end of year $2,654

  • 3 · Pledges and grants receivable

    beginning of year $1,999 · end of year $32,698

  • 4 · Accounts receivable

    beginning of year $17,319 · end of year $13,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,377 · end of year $18,565

  • 10a · Land, buildings and equipment: cost or other basis

    $2,604,162

  • 10b · Land, buildings and equipment: accumulated depreciation

    $206,348

  • 10c · Land, buildings and equipment, net

    beginning of year $2,414,096 · end of year $2,397,814

  • 15 · Other assets

    beginning of year $1,233,582 · end of year $969,559

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,964 · end of year $131,950

  • 23 · Secured mortgages and notes payable

    beginning of year $1,575,000 · end of year $1,525,000

  • 27 · Net assets without donor restrictions

    beginning of year $888,250 · end of year $798,946

  • 28 · Net assets with donor restrictions

    beginning of year $1,238,053 · end of year $978,836

Mission and programs · 2024

Mission

THE PURPOSE OF THE LEO AUGUSTA CHILDREN'S ACADEMY IS TO DELIVER A HANDS-ON MODEL OF CHILD DEVELOPMENT WITH THE CAPACITY TO SERVE OVER 100 CHILDREN, AGES INFANT THROUGH 12 YEARS OF AGE. UNDER A STRUCTURED CURRICULUM, COUPLE WITH FLEXIBILITY, OUR PHILOSOPHY OF LEARNING AND CARE WILL FOCUS ON EMTIONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL DEVELOPMENT IN A NURTURING AND SECURE ENVIORNMENT.

Activities or mission (Part I)

TO ACCOMMODATE CHILDCARE NEEDS FOR INFANT TO 12 YEARS OF AGE FOR CHILDREN IN SOUTHERN MINNESOTA.

  • THE PURPOSE OF THE LEO AUGUSTA CHILDREN'S ACADEMY IS TO PROVIDE EVERY CHILD REGARGLESS OF ECONOMIC, SOCIAL, RACE, OR RELIGIOUS STATUS AN EARLY EDUCATION OPPORTUNITY THAT WILL ENABLE THE CHILD TO SUCCEED. THE LEO AUGUSTA CHILDREN'S ACADEMY WILL DELIVER A HANDS-ON MODEL OF CHILD DEVELOPMENT WITH THE CAPACITY TO SERVE OVER 100 CHILDREN, AGES INFANT THROUGH 12 YEARS OF AGE. UNDER A STRUCTURED CURRICULUM, COUPLED WITH FLEXIBILITY, OUR PHILOSOPHY OF LEARNING AND CARE WILL FOCUS ON EMOTIONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL DEVELOPMENT IN A NURTURING AND SECURE ENVIRONMENT. THE ACADEMY WILL PROVIDE WORKING FAMILIES 5 DAYS PER WEEK, UP TO 12 HOURS PER DAY TO WORK TOWARDS FINANCIAL STABILITY WITH A PEACE OF MIND WHILE THE ACADEMY CARES FOR THEIR CHILDREN.

    Expenses $1,245,518 · Revenue $638,293

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Hinzmann

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Nate Bastian

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Hanson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Julian Currie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brianna Masching

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jessica Kremer

    ACADEMY DIRECTOR

    Total calculated
    $79,385
    From this org
    $79,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
1 October 2025
IRS schema version
2024v5.2
Source object
202532799349300218

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