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Nonprofiteer
← HMONG ACADEMY

Form 990 for tax year 2022

Filed by HMONG ACADEMY.

Totals

Total revenue
$42,491,137
Total expenses
$37,727,547
Contributions and grants received
$41,037,071
Grants paid
$0
Program service revenue
$399,064
Investment income
$84,705
Other revenue
$970,297
Total assets, end of year
$40,688,733
Total liabilities, end of year
$22,000,168
Net assets or fund balances, end of year
$18,688,565
Program services expenses (Part IX)
$33,301,902
Management and general expenses
$4,425,645
Fundraising expenses
$0
Program service expenses (Part III)
$33,301,902

Program services were 88.3% 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)

    $40,968,027

  • 1f · All other contributions, gifts and grants

    $69,044

  • 2a · Program service revenue: Miscellaneous revenue

    total $172,003 · related or exempt $172,003

  • 2b · Program service revenue: School store

    total $82,192 · related or exempt $82,192

  • 2c · Program service revenue: Fees from patrons

    total $76,208 · related or exempt $76,208

  • 2d · Program service revenue: Medical assistance

    total $45,013 · related or exempt $45,013

  • 2e · Program service revenue: Food sales

    total $23,648 · related or exempt $23,648

  • 3 · Investment income

    total $84,705 · excluded $84,705

  • 11a · Other revenue: Pension revenue

    total $970,297 · excluded $970,297

  • 11e · Other revenue, total

    $970,297

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $459,379 · program services $378,394 · management and general $80,985

  • 7 · Other salaries and wages

    total $14,834,488 · program services $12,219,292 · management and general $2,615,196

  • 8 · Pension plan contributions

    total $1,269,412 · program services $1,062,720 · management and general $206,692

  • 9 · Other employee benefits

    total $1,082,728 · program services $906,175 · management and general $176,553

  • 10 · Payroll taxes

    total $1,122,584 · program services $928,995 · management and general $193,589

  • 11b · Fees: legal

    total $396,984 · management and general $396,984

  • 11c · Fees: accounting

    total $169,810 · management and general $169,810

  • 11g · Fees: other

    total $7,581,344 · program services $7,392,476 · management and general $188,868

  • 13 · Office expenses

    total $17,870 · management and general $17,870

  • 14 · Information technology

    total $560,261 · program services $404,470 · management and general $155,791

  • 16 · Occupancy

    total $6,339,694 · program services $6,339,694

  • 17 · Travel

    total $5,363 · program services $5,363

  • 19 · Conferences, conventions and meetings

    total $151,843 · program services $149,691 · management and general $2,152

  • 22 · Depreciation, depletion and amortization

    total $686,436 · program services $681,445 · management and general $4,991

  • 23 · Insurance

    total $184,987 · program services $184,987

  • 24a · Other expenses: Food

    total $1,641,294 · program services $1,568,877 · management and general $72,417

  • 24b · Other expenses: Supplies

    total $932,436 · program services $822,880 · management and general $109,556

  • 24c · Other expenses: Equipment Purchased

    total $229,330 · program services $229,156 · management and general $174

  • 24d · Other expenses: Dues and Memberships

    total $48,611 · program services $19,316 · management and general $29,295

  • 24e · All other expenses

    total $12,693 · program services $7,971 · management and general $4,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,099,980 · end of year $21,483,252

  • 2 · Savings and temporary cash investments

    beginning of year $10,203,078 · end of year $4,661

  • 3 · Pledges and grants receivable

    beginning of year $5,994,484 · end of year $6,487,468

  • 4 · Accounts receivable

    beginning of year $1,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,997 · end of year $260,820

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

    $10,079,462

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

    $3,194,343

  • 10c · Land, buildings and equipment, net

    beginning of year $7,259,752 · end of year $6,885,119

  • 15 · Other assets

    beginning of year $6,553,760 · end of year $5,567,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,354,781 · end of year $2,992,786

  • 25 · Other liabilities

    beginning of year $20,964,026 · end of year $19,007,382

  • 27 · Net assets without donor restrictions

    beginning of year $1,563,345 · end of year $5,455,480

  • 28 · Net assets with donor restrictions

    beginning of year $12,361,630 · end of year $13,233,085

Mission and programs · 2022

Mission

Hmong College Prep Academy's mission is to provide the best integrated, challenging, and well-rounded educational experience to students in grades K-12.

Activities or mission (Part I)

To provide the best integrated challenging, and well-rounded educational experience to students.

  • Hmong College Prep Academy (HCPA) is a K-12 school district with small class sizes and an individualized program for each student. HCPA plans to offer an extended school year with core curriculum enriched with Hmong culture and language to strengthen student achievement. Instructional Focus: High academic standards aligned with Minnesota state standards, college preparatory curriculum, small learning communities, individualized, project based learning, cultural congruence and intergration, Hmong language/culture and music, strong community-school partnerships, community service leadership opportunities with community involvemnet. Average enrollment for the 2022-2023 was 2,427.

    Expenses $33,301,902 · Revenue $399,064

As filed on the 2022 return.

Listed in Part VII

  • Daniel Schmidt

    Board Member/Teacher

    Total calculated
    $54,053
    From this org
    $49,797
    From related orgs
    $0
    Other
    $4,256
    Hours/week
    41

  • Brent Ness

    Secretary/Teacher

    Total calculated
    $89,302
    From this org
    $79,068
    From related orgs
    $0
    Other
    $10,234
    Hours/week
    41

  • Aly Xiong

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susan Vang

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Christine Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sonya Zuker

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Ge Vang

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Danijela Duvnjak

    Chief Academic Officer

    Total calculated
    $207,945
    From this org
    $190,660
    From related orgs
    $0
    Other
    $17,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,660
    Bonus
    $0
    Other
    $0
    Deferred
    $15,067
    Nontaxable benefits
    $2,218
    Filer's total
    $207,945

  • David Kloskin

    Chief Financial Officer

    Total calculated
    $151,310
    From this org
    $127,383
    From related orgs
    $0
    Other
    $23,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,383
    Bonus
    $0
    Other
    $0
    Deferred
    $9,915
    Nontaxable benefits
    $14,012
    Filer's total
    $151,310

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202421229349301927

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