Form 990 for tax year 2024
Filed by FRIENDS OF ST CROIX PREPARATORY ACADEMY.
Totals
- Total revenue
- $2,088,370
- Total expenses
- $1,893,308
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,963,992
- Investment income
- $124,378
- Other revenue
- $0
- Total assets, end of year
- $21,984,405
- Total liabilities, end of year
- $25,033,840
- Net assets or fund balances, end of year
- -$3,049,435
- Program services expenses (Part IX)
- $1,865,232
- Management and general expenses
- $28,076
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,865,232
Program services were 98.5% 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.
-
2a · Program service revenue: Lease Revenue
total $1,963,992 · related or exempt $1,963,992
-
3 · Investment income
total $124,378 · excluded $124,378
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $18,300 · management and general $18,300
-
11g · Fees: other
total $9,751 · management and general $9,751
-
13 · Office expenses
total $25 · management and general $25
-
16 · Occupancy
total $123,001 · program services $123,001
-
20 · Interest
total $996,503 · program services $996,503
-
22 · Depreciation, depletion and amortization
total $745,728 · program services $745,728
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $688,192 · end of year $462,764
-
2 · Savings and temporary cash investments
beginning of year $3,368,719 · end of year $3,363,262
-
10a · Land, buildings and equipment: cost or other basis
$26,769,958
-
10b · Land, buildings and equipment: accumulated depreciation
$9,163,294
-
10c · Land, buildings and equipment, net
beginning of year $18,171,529 · end of year $17,606,664
-
15 · Other assets
beginning of year $576,793 · end of year $551,715
-
17 · Accounts payable and accrued expenses
beginning of year $418,641 · end of year $408,505
-
20 · Tax-exempt bond liabilities
beginning of year $25,268,332 · end of year $24,562,318
-
25 · Other liabilities
beginning of year $362,757 · end of year $63,017
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$3,244,497 · end of year -$3,049,435
Mission and programs · 2024
Mission
To design and implement SCPA's strategies related to facilities and capital development.
-
Building company whose purpose is to purchase, own and construct a building to lease to St. Croix Preparatory Academy.
Expenses $1,865,232 · Revenue $1,963,992
As filed on the 2024 return.
Listed in Part VII
-
William Blotske
Secretary
- Total calculated
- $155,586
- From this org
- $0
- From related orgs
- $136,657
- Other
- $18,929
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $136,657 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,053 related
- Nontaxable benefits
- $0 + $8,876 related
- Filer's total
- $0 + $155,586 related
-
Kelly Gutierrez
Treasurer
- Total calculated
- $183,527
- From this org
- $0
- From related orgs
- $157,107
- Other
- $26,420
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $157,107 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,700 related
- Nontaxable benefits
- $0 + $14,720 related
- Filer's total
- $0 + $183,527 related
-
Kristine Fischer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dan Melhs
Chair
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · K-12 charter school · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202612039349301441
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