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Nonprofiteer
← SEVEN HILLS PREPARATORY ACADEMY

Form 990 for tax year 2024

Filed by SEVEN HILLS PREPARATORY ACADEMY.

Totals

Total revenue
$17,715,268
Total expenses
$18,270,682
Contributions and grants received
$17,195,988
Grants paid
$0
Program service revenue
$189,944
Investment income
$774
Other revenue
$328,562
Total assets, end of year
$6,745,905
Total liabilities, end of year
$12,512,093
Net assets or fund balances, end of year
-$5,766,188
Program services expenses (Part IX)
$16,526,818
Management and general expenses
$1,743,864
Fundraising expenses
$0
Program service expenses (Part III)
$16,526,818

Program services were 90.5% 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.

  • 1d · Related organizations

    $45,000

  • 1e · Government grants (contributions)

    $17,140,965

  • 1f · All other contributions, gifts and grants

    $10,023

  • 2a · Program service revenue: FEES FROM PATRONS

    total $189,745 · related or exempt $189,745

  • 2b · Program service revenue: FOOD SALES

    total $199 · related or exempt $199

  • 3 · Investment income

    total $774 · excluded $774

  • 6a · Gross rents

    real property $43,466

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $43,466

  • 6d · Net rental income or loss

    total $43,466 · excluded $43,466

  • 11a · Other revenue: MISCELLANEOUS

    total $139,492 · related or exempt $139,492

  • 11b · Other revenue: LEASE REMEASUREMENT

    total $135,882 · excluded $135,882

  • 11c · Other revenue: E-RATE DISCOUNTS

    total $9,722 · related or exempt $9,722

  • 11e · Other revenue, total

    $285,096

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $385,080 · program services $237,963 · management and general $147,117

  • 7 · Other salaries and wages

    total $8,585,996 · program services $7,916,892 · management and general $669,104

  • 8 · Pension plan contributions

    total $770,068 · program services $714,321 · management and general $55,747

  • 9 · Other employee benefits

    total $1,250,603 · program services $1,098,348 · management and general $152,255

  • 10 · Payroll taxes

    total $649,205 · program services $592,408 · management and general $56,797

  • 11b · Fees: legal

    total $10,407 · management and general $10,407

  • 11c · Fees: accounting

    total $206,332 · management and general $206,332

  • 11g · Fees: other

    total $3,353,182 · program services $3,226,098 · management and general $127,084

  • 13 · Office expenses

    total $182,106 · program services $104,302 · management and general $77,804

  • 14 · Information technology

    total $233,186 · program services $56,575 · management and general $176,611

  • 16 · Occupancy

    total $1,879,684 · program services $1,879,684

  • 19 · Conferences, conventions and meetings

    total $69,664 · program services $68,647 · management and general $1,017

  • 20 · Interest

    total $4,778 · management and general $4,778

  • 22 · Depreciation, depletion and amortization

    total $97,882 · program services $85,120 · management and general $12,762

  • 23 · Insurance

    total $114,736 · program services $114,736

  • 24a · Other expenses: EQUIPMENT RENTAL AND MA

    total $279,582 · program services $279,582

  • 24b · Other expenses: INSTRUCTIONAL SUPPLIES

    total $83,976 · program services $83,976

  • 24c · Other expenses: FIELD TRIPS

    total $63,617 · program services $63,617

  • 24d · Other expenses: DUES & MEMBERSHIPS

    total $47,616 · program services $4,549 · management and general $43,067

  • 24e · All other expenses

    total $2,982 · management and general $2,982

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $844,795 · end of year $954,839

  • 4 · Accounts receivable

    beginning of year $3,036,509 · end of year $2,667,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,670 · end of year $8,207

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

    $1,344,831

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

    $919,994

  • 10c · Land, buildings and equipment, net

    beginning of year $460,089 · end of year $424,837

  • 15 · Other assets

    beginning of year $5,070,514 · end of year $2,690,462

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,559,258 · end of year $3,054,142

  • 25 · Other liabilities

    beginning of year $11,997,533 · end of year $9,457,951

  • 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 -$4,113,214 · end of year -$5,766,188

Mission and programs · 2024

Mission

SEVEN HILLS PREPARATORY ACADEMY (SHPA) ENGAGES STUDENTS IN A RIGOROUS CLASSICAL EDUCATION, DESIGNED TO PREPARE EACH ONE FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING.

Activities or mission (Part I)

SEVEN HILLS PREPARATORY ACADEMY PREPARES EACH STUDENT FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING.

  • SHPA IS AN AWARD-WINNING K-8 CHARTER PUBLIC SCHOOL WITH CAMPUSES IN BLOOMINGTON AND RICHFIELD. SHPA OFFERS A CLASSICAL EDUCATION MODEL GROUNDED IN THE LIBERAL ARTS AND DESIGNED TO ENGAGE STUDENTS IN A RIGOROUS, CONTENT-RICH CURRICULUM. SEVEN HILLS STUDENTS LEARN RESPONSIBLE STUDY HABITS, CRITICAL THINKING SKILLS, AND ROBUST DEBATE PRACTICES TO PREPARE THEM TO EMBARK ON A JOYFUL PURSUIT OF HARD-EARNED WISDOM. SEVEN HILLS OFFERS A COMPREHENSIVE CHARACTER EDUCATION PROGRAM, PROMOTING VALUES OF RESPECT, COMPASSION, AND SELF-CONTROL AND ASPIRING TOWARD THE CLASSICAL VIRTUES OF TRUTH, BEAUTY, AND GOODNESS. SEVEN HILLS IS COMMITTED TO EDUCATIONAL EQUITY AND BELIEVES IN THE INHERENT VALUE OF AN INCLUSIVE LEARNING ENVIRONMENT WHERE STUDENTS AND STAFF FROM ALL BACKGROUNDS WORK HARD TO PREPARE FOR A DIVERSE AND DEMOCRATIC WORLD IN WHICH THEY MAKE LASTING CONTRIBUTIONS.SHPA SERVED 1,104 STUDENTS DURING THE FISCAL YEAR.

    Expenses $16,526,818 · Revenue $339,158

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

Listed in Part VII

  • Christopher Lamprecht

    DIRECTOR/TEACHER

    Total calculated
    $87,113
    From this org
    $79,461
    From related orgs
    $0
    Other
    $7,652
    Hours/week
    41

  • Dana Banitt

    DIRECTOR/TEACHER

    Total calculated
    $87,427
    From this org
    $69,610
    From related orgs
    $0
    Other
    $17,817
    Hours/week
    41

  • Megan Daoust

    DIRECTOR/TEACHER

    Total calculated
    $95,617
    From this org
    $72,909
    From related orgs
    $0
    Other
    $22,708
    Hours/week
    41

  • Wes Wahlberg

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Allison Peterson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Graczak

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Meyer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Teron Buford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Barnidge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Farrell

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $146,773
    From this org
    $115,685
    From related orgs
    $0
    Other
    $31,088
    Hours/week
    40

  • Ed Fellows

    EXECUTIVE DIRECTOR (BEG 03/2025)

    Total calculated
    $0
    Hours/week
    40

  • Brent Peterson

    PRINCIPAL

    Total calculated
    $123,138
    From this org
    $111,513
    From related orgs
    $0
    Other
    $11,625
    Hours/week
    40

  • Ryan Grutsch

    PRINCIPAL

    Total calculated
    $136,849
    From this org
    $100,398
    From related orgs
    $0
    Other
    $36,451
    Hours/week
    40 + 0.5 related

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.

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.

  • SHPA ABC

    501(C)(3) · TO ACQUIRE A FACILITY FOR SEVEN HILLS PREPARATORY ACADEMY · MN · controlled entity

    Directly controlled by SEVEN HILLS PREPARATORY ACADEMY

  • SEVEN HILLS PREPARATORY ACADEMY FOUNDATION

    501(C)(3) · PROMOTE & SUPPORT SEVEN HILLS PREPARATORY ACADEMY · MN · controlled entity

    Directly controlled by SHPA ABC

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.5
Source object
202611339349307106

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