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Nonprofiteer
← GROVES ACADEMY

Form 990 for tax year 2024

Filed by GROVES ACADEMY.

Totals

Total revenue
$18,988,353
Total expenses
$21,607,901
Contributions and grants received
$2,739,721
Grants paid
$1,885,647
Program service revenue
$15,376,194
Investment income
$982,938
Other revenue
-$110,500
Total assets, end of year
$36,069,415
Total liabilities, end of year
$9,493,191
Net assets or fund balances, end of year
$26,576,224
Program services expenses (Part IX)
$14,891,789
Management and general expenses
$4,920,164
Fundraising expenses
$1,795,948
Program service expenses (Part III)
$14,891,789

Program services were 68.9% 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

    $367,607

  • 1f · All other contributions, gifts and grants

    $2,372,114

  • 1g · Noncash contributions included above

    $274,172

  • 2a · Program service revenue: STUDENT TUITION AND FEES

    total $10,425,957 · related or exempt $10,425,957

  • 2b · Program service revenue: LEARNING CENTER

    total $3,341,474 · related or exempt $3,341,474

  • 2c · Program service revenue: GLP PROGRAM

    total $1,608,763 · related or exempt $1,608,763

  • 3 · Investment income

    total $628,097 · excluded $628,097

  • 7a · Gross sales of assets other than inventory

    securities $3,026,670

  • 7b · Less cost or other basis and sales expenses

    securities $2,671,829

  • 7c · Gain or loss

    securities $354,841

  • 7d · Net gain or loss

    total $354,841 · excluded $354,841

  • 8a · Fundraising events: gross income

    $34,085

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

    $367,607

  • 8b · Fundraising events: direct expenses

    $144,585

  • 8c · Net income from fundraising events

    total -$110,500 · excluded -$110,500

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,885,647 · program services $1,885,647

  • 5 · Compensation of officers, directors and key employees

    total $280,640 · management and general $280,640

  • 7 · Other salaries and wages

    total $11,480,926 · program services $7,716,579 · management and general $2,397,299 · fundraising $1,367,048

  • 9 · Other employee benefits

    total $1,703,943 · program services $1,271,816 · management and general $314,681 · fundraising $117,446

  • 10 · Payroll taxes

    total $813,467 · program services $521,609 · management and general $192,494 · fundraising $99,364

  • 11b · Fees: legal

    total $18,487 · management and general $18,487

  • 11c · Fees: accounting

    total $65,150 · management and general $65,150

  • 11f · Fees: investment management

    total $37,368 · management and general $37,368

  • 11g · Fees: other

    total $149,326 · program services $149,326

  • 13 · Office expenses

    total $152,527 · program services $126,994 · management and general $24,292 · fundraising $1,241

  • 16 · Occupancy

    total $174,413 · program services $143,019 · management and general $29,127 · fundraising $2,267

  • 20 · Interest

    total $170,522 · program services $139,828 · management and general $28,477 · fundraising $2,217

  • 22 · Depreciation, depletion and amortization

    total $1,441,437 · program services $1,181,978 · management and general $240,720 · fundraising $18,739

  • 23 · Insurance

    total $94,570 · program services $11,892 · management and general $82,678

  • 24a · Other expenses: MISCELLANEOUS

    total $1,673,729 · program services $510,671 · management and general $1,043,424 · fundraising $119,634

  • 24b · Other expenses: PROGRAMMING

    total $1,063,261 · program services $1,011,357 · fundraising $51,904

  • 24c · Other expenses: OTHER EXPENSES

    total $360,717 · program services $220,698 · management and general $136,788 · fundraising $3,231

  • 24d · Other expenses: TELEPHONE

    total $28,914 · program services $375 · management and general $28,539 · fundraising $0

  • 24e · All other expenses

    total $12,857 · fundraising $12,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,632,329 · end of year $4,201,795

  • 3 · Pledges and grants receivable

    beginning of year $3,951,178 · end of year $2,557,183

  • 9 · Prepaid expenses and deferred charges

    beginning of year $808,643 · end of year $800,034

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

    $30,542,599

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

    $10,549,899

  • 10c · Land, buildings and equipment, net

    beginning of year $18,901,561 · end of year $19,992,700

  • 11 · Investments: publicly traded securities

    beginning of year $7,870,504 · end of year $8,491,535

  • 14 · Intangible assets

    beginning of year $26,168 · end of year $26,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,815,370 · end of year $524,014

  • 19 · Deferred revenue

    beginning of year $3,417,030 · end of year $2,580,245

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,564,929 · end of year $6,288,322

  • 25 · Other liabilities

    beginning of year $140,700 · end of year $100,610

  • 27 · Net assets without donor restrictions

    beginning of year $15,624,503 · end of year $23,351,469

  • 28 · Net assets with donor restrictions

    beginning of year $13,627,851 · end of year $3,224,755

Mission and programs · 2024

Mission

THE MISSION OF GROVES LEARNING ORGANIZATION IS TO BUILD CONFIDENCE AND SUCCESS FOR LEARNERS, PARTICULARLY THOSE WITH LEARNING DIFFERENCES SUCH AS DYSLEXIA, ADHD AND EXECUTIVE FUNCTION CHALLENGES. THROUGH RESEARCH-BASED APPROACHES AND TRANSFORMATIVE LEARNING EXPERIENCES THAT MEET THE NEEDS OF EACH UNIQUE LEARNER, OUR VISION IS TO REDEFINE THE WAY OUR NATION IS TAUGHT, ONE STUDENT, ONE TEACHER, AND ONE SCHOOL AT A TIME.

Activities or mission (Part I)

OUR VISION IS TO REDEFINE THE WAY OUR NATION IS TAUGHT, ONE PERSON AT A TIME.

  • GROVES ACADEMY SERVES LEARNERS IN GRADES 1-12 WITH STUDENTS WITH LEARNING DIFFERENCES SUCH AS DYSLEXIA, ADHD, EXECUTIVE FUNCTION CHALLENGES, AND OTHER LANGUAGE-BASED LEARNING DISABILITIES. OPENING IN 1972 IN ST. LOUIS PARK, MINNESOTA, GROVES IS THE MIDWEST'S LEADING SCHOOL FOR STUDENTS WITH LEARNING DIFFERENCES. OUR RESEARCH-BASED, MULTI-SENSORY APPROACH MEETS EACH LEARNER WHERE THEY ARE, HONORING STRENGTHS WHILE TACKLING CHALLENGES HEAD-ON. WITH SMALL CLASS SIZES, SPECIALIZED CURRICULUM, AND EXPERT TEACHERS WHO TRULY UNDERSTAND LEARNING DIFFERENCES AND THE CHALLENGES LEARNERS FACE TO FEEL SUCCESSFUL, WE CREATE A SPACE WHERE STUDENTS LEARN, BUILD CONFIDENCE, AND SUCCEED AT SCHOOL AND AT LIFE.

    Expenses $9,689,707 · Grants $1,885,647 · Revenue $10,425,957

  • GROVES LEARNING CENTER WAS ESTABLISHED IN 2015 TO PROVIDE A COMPREHENSIVE ARRAY OF FEE-BASED SERVICES TO THE GREATER TWIN CITIES COMMUNITY AND TO OUR GROVES STUDENTS. THESE SERVICES INCLUDE DIAGNOSTIC TESTING, TUTORING, SPEECH AND LANGUAGE ASSESSMENTS AND THERAPY. SUMMER PROGRAMS OFFER A VARIETY OF ACADEMIC AND ENRICHMENT PROGRAMS FOR STUDENTS IN GRADES 2-12. THE LEARNING CENTER IS ONE OF THE FEW SITES IN THE TWIN CITIES THAT OFFERS ALL OF THESE SERVICES UNDER ONE ROOF, AND MANY OF OUR LEARNING CENTER CLIENTS PARTICIPATE IN MORE THAN ONE SERVICE.

    Expenses $2,915,439 · Revenue $3,341,474

  • GROVES LITERACY PARTNERS (GLP) IS A RAPIDLY GROWING PROGRAM PROVIDING CURRICULUM, COACHING AND PROFESSIONAL DEVELOPMENT, AND SYSTEMS GUIDANCE TO SCHOOLS TO HELP CLOSE THE LITERACY GAP FOR OVER 11,000 STUDENTS IN OVER 90 SCHOOLS THROUGHOUT MINNESOTA. GLP COLLABORATES WITH SCHOOLS, USING RESEARCH-BASED METHODS, TO HELP EMERGING AND STRUGGLING READERS AND UNDER-RESOURCED SCHOOLS. THE VISION FOR THIS PROGRAM IS TO EXPAND NATIONWIDE TO INFLUENCE LONG-TERM CHANGE IN HOW TEACHERS DELIVER CLASSROOM LITERACY INSTRUCTION.

    Expenses $2,286,643 · Revenue $1,608,763

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

Listed in Part VII

  • G Bryan Fleming

    PRESIDENT

    Total calculated
    $294,138
    From this org
    $238,090
    From related orgs
    $0
    Other
    $56,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,090
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $56,048
    Filer's total
    $294,138
  • Barry Wadsworth

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Peter Dankwerth

    VICE CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Adam Braun

    SECRETARY CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Ellen Stewart

    SECRETARY CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Susan Perera

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Carly Broderick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Emily Cooley Dobbins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dan Deikel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Monica Gould

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tom Grover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Travis Hansberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kathryn Hecht

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Iverson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Frankie Lenzmeier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cindee McCarthy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Nneka Sederstrom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thabani Sinkula

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Katharine Campbell

    DIRECTOR OF IPL

    Total calculated
    $148,006
    From this org
    $132,152
    From related orgs
    $0
    Other
    $15,854
    Hours/week
    40
  • Lawrence Graham

    DIRECTOR OF FINANCE

    Total calculated
    $215,991
    From this org
    $148,643
    From related orgs
    $0
    Other
    $67,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,643
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $67,348
    Filer's total
    $215,991
  • Nancy Segreti

    DIRECTOR OF GROWTH & ENROLLMENT OPS

    Total calculated
    $165,289
    From this org
    $135,179
    From related orgs
    $0
    Other
    $30,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,179
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,110
    Filer's total
    $165,289
  • Linda Domholt

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $183,401
    From this org
    $151,935
    From related orgs
    $0
    Other
    $31,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,935
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,466
    Filer's total
    $183,401
  • Debra Peterson

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $161,670
    From this org
    $108,182
    From related orgs
    $0
    Other
    $53,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,182
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,488
    Filer's total
    $161,670

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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
23 March 2026
IRS schema version
2024v5.5
Source object
202630919349300608

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