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← DAVINCI ACADEMY OF ARTS AND SCIENCE

Form 990 for tax year 2022

Filed by DAVINCI ACADEMY OF ARTS AND SCIENCE.

Totals

Total revenue
$12,821,872
Total expenses
$13,435,291
Contributions and grants received
$1,476,652
Grants paid
$0
Program service revenue
$11,229,705
Investment income
$115,515
Other revenue
$0
Total assets, end of year
$9,244,373
Total liabilities, end of year
$9,922,336
Net assets or fund balances, end of year
-$677,963
Program services expenses (Part IX)
$12,076,101
Management and general expenses
$1,359,190
Fundraising expenses
$0
Program service expenses (Part III)
$12,076,101

Program services were 89.9% 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.

  • 1c · Fundraising events

    $76,619

  • 1e · Government grants (contributions)

    $1,340,280

  • 1f · All other contributions, gifts and grants

    $59,753

  • 2a · Program service revenue: Federal and State Sources

    total $10,577,138 · related or exempt $10,577,138

  • 2b · Program service revenue: Other Educational Purposes

    total $652,567 · related or exempt $652,567

  • 3 · Investment income

    total $115,515 · excluded $115,515

  • 8a · Fundraising events: gross income

    $35,047

  • 8a · Fundraising events: contributions included on line 1c

    $76,619

  • 8b · Fundraising events: direct expenses

    $35,047

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,400 · program services $6,400

  • 5 · Compensation of officers, directors and key employees

    total $110,547 · program services $110,547

  • 7 · Other salaries and wages

    total $6,300,211 · program services $5,554,719 · management and general $745,492

  • 8 · Pension plan contributions

    total $495,972 · program services $442,529 · management and general $53,443

  • 9 · Other employee benefits

    total $889,253 · program services $775,207 · management and general $114,046

  • 10 · Payroll taxes

    total $466,133 · program services $409,064 · management and general $57,069

  • 11g · Fees: other

    total $1,488,446 · program services $1,311,885 · management and general $176,561

  • 13 · Office expenses

    total $525,792 · program services $455,287 · management and general $70,505

  • 14 · Information technology

    total $55,496 · program services $54,587 · management and general $909

  • 16 · Occupancy

    total $881,136 · program services $880,575 · management and general $561

  • 19 · Conferences, conventions and meetings

    total $24,461 · program services $24,095 · management and general $366

  • 20 · Interest

    total $1,208,914 · program services $1,194,979 · management and general $13,935

  • 21 · Payments to affiliates

    total $57,579 · program services $12,781 · management and general $44,798

  • 22 · Depreciation, depletion and amortization

    total $94,842 · program services $94,842

  • 23 · Insurance

    total $42,903 · management and general $42,903

  • 24a · Other expenses: Transportation

    total $543,118 · program services $543,118

  • 24b · Other expenses: Pension Expense per Act

    total $90,956 · program services $52,354 · management and general $38,602

  • 24c · Other expenses: Food

    total $90,074 · program services $90,074

  • 24d · Other expenses: Field Trips

    total $63,058 · program services $63,058

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,343,590 · end of year $3,565,554

  • 4 · Accounts receivable

    beginning of year $1,011,443 · end of year $989,215

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,053 · end of year $90,539

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

    $1,439,770

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

    $475,861

  • 10c · Land, buildings and equipment, net

    beginning of year $916,507 · end of year $963,909

  • 15 · Other assets

    beginning of year $4,078,301 · end of year $3,635,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $813,759 · end of year $918,703

  • 19 · Deferred revenue

    beginning of year $16,522 · end of year $650,961

  • 23 · Secured mortgages and notes payable

    beginning of year $3,720,263 · end of year $84,051

  • 25 · Other liabilities

    beginning of year $4,947,894 · end of year $8,268,621

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$1,486,046 · end of year -$2,255,597

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $908,164 · end of year $879,858

  • 31 · Retained earnings, endowment or other funds

    beginning of year $513,338 · end of year $697,776

Mission and programs · 2022

Mission

Provide an education, incorporating a focus of arts and science, to students in grades K-8.

Activities or mission (Part I)

To awaken a passion for learning through an enriched and individualized approach to education. Students, parents and teachers will work together to ensure positive character development and build a strong foundation for higher education.

  • DaVinci Academy of Arts and Science will awaken a passion for learning through an enriched and individualized approach to education. Students, parents and teachers will work together to ensure positive character development and build a strong foundation for higher education for students in K-8. During fiscal year ended June 30, 2023, DaVinci Academy service approximately 950 students.

    Expenses $12,076,101 · Revenue $11,229,705

As filed on the 2022 return.

Listed in Part VII

  • Brenda Maulik

    Member

    Total calculated
    $64,810
    From this org
    $64,810
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sara Sweeney

    Member

    Total calculated
    $53,606
    From this org
    $53,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sana Soussi

    Member

    Total calculated
    $0
    Hours/week
    10

  • Saurabh Bokil

    Member

    Total calculated
    $0
    Hours/week
    10

  • Jacob Stith

    Member

    Total calculated
    $0
    Hours/week
    10

  • Durowaa Agyeman-Mensah

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Emily Uhl

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Idara Uko

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Melanie Persellin

    President

    Total calculated
    $0
    Hours/week
    10

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.

  • DaVinci Academy ABC

    501(c)(3) · Rental Facilities · MN · controlled entity

    Directly controlled by DaVinci Academy of Arts and Science

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401359349309890

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