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Nonprofiteer
← LEO AUGUSTA CHILDREN'S ACADEMY

Form 990 for tax year 2023

Filed by LEO AUGUSTA CHILDREN'S ACADEMY.

Totals

Total revenue
$1,252,812
Total expenses
$1,398,540
Contributions and grants received
$655,918
Grants paid
$0
Program service revenue
$594,258
Investment income
$2,156
Other revenue
$480
Total assets, end of year
$3,776,267
Total liabilities, end of year
$1,649,964
Net assets or fund balances, end of year
$2,126,303
Program services expenses (Part IX)
$1,061,358
Management and general expenses
$337,182
Fundraising expenses
$0
Program service expenses (Part III)
$1,061,358

Program services were 75.9% 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.

  • 1e · Government grants (contributions)

    $161,224

  • 1f · All other contributions, gifts and grants

    $494,694

  • 1g · Noncash contributions included above

    $104,539

  • 2a · Program service revenue: CLASSROOM TUITION AND

    total $570,718 · related or exempt $570,718

  • 2b · Program service revenue: FOOD PROGRAM REVENUE

    total $16,738 · related or exempt $16,738

  • 2c · Program service revenue: SERVICES

    total $6,802 · related or exempt $6,802

  • 3 · Investment income

    total $2,156 · excluded $2,156

  • 8a · Fundraising events: gross income

    $480

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $480 · excluded $480

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $81,548 · program services $73,972 · management and general $7,576

  • 7 · Other salaries and wages

    total $528,614 · program services $525,275 · management and general $3,339

  • 9 · Other employee benefits

    total $3,700 · management and general $3,700

  • 10 · Payroll taxes

    total $53,436 · program services $46,720 · management and general $6,716

  • 11a · Fees: management

    total $56,657 · program services $29,755 · management and general $26,902

  • 12 · Advertising and promotion

    total $12,744 · management and general $12,744

  • 13 · Office expenses

    total $76,386 · program services $60,874 · management and general $15,512

  • 14 · Information technology

    total $11,420 · management and general $11,420

  • 16 · Occupancy

    total $296,312 · program services $246,696 · management and general $49,616

  • 17 · Travel

    total $1,260 · program services $1,260

  • 20 · Interest

    total $81,152 · management and general $81,152

  • 22 · Depreciation, depletion and amortization

    total $80,404 · program services $68,343 · management and general $12,061

  • 23 · Insurance

    total $18,592 · management and general $18,592

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $36,217 · program services $365 · management and general $35,852

  • 24b · Other expenses: MEMBERSHIP DUES/SUBS

    total $27,032 · program services $1,577 · management and general $25,455

  • 24c · Other expenses: TAXES AND LICENSES

    total $26,681 · program services $2,320 · management and general $24,361

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $4,181 · program services $4,181

  • 24e · All other expenses

    total $2,204 · program services $20 · management and general $2,184

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $120,493 · end of year $106,894

  • 3 · Pledges and grants receivable

    beginning of year $96,000 · end of year $1,999

  • 4 · Accounts receivable

    beginning of year $9,324 · end of year $17,319

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,759 · end of year $2,377

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

    $2,530,510

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

    $116,414

  • 10c · Land, buildings and equipment, net

    beginning of year $2,276,990 · end of year $2,414,096

  • 15 · Other assets

    beginning of year $1,489,172 · end of year $1,233,582

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,875 · end of year $74,964

  • 23 · Secured mortgages and notes payable

    beginning of year $1,750,000 · end of year $1,575,000

  • 27 · Net assets without donor restrictions

    beginning of year $730,691 · end of year $888,250

  • 28 · Net assets with donor restrictions

    beginning of year $1,489,172 · end of year $1,238,053

Mission and programs · 2023

Mission

THE PURPOSE OF THE LEO AUGUSTA CHILDREN'S ACADEMY IS TO DELIVER A HANDS-ON MODEL OF CHILD DEVELOPMENT WITH THE CAPACITY TO SERVE OVER 100 CHILDREN, AGES INFANT THROUGH 12 YEARS OF AGE. UNDER A STRUCTURED CURRICULUM, COUPLE WITH FLEXIBILITY, OUR PHILOSOPHY OF LEARNING AND CARE WILL FOCUS ON EMTIONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL DEVELOPMENT IN A NURTURING AND SECURE ENVIORNMENT.

Activities or mission (Part I)

TO ACCOMMODATE CHILDCARE NEEDS FOR INFANT TO 12 YEARS OF AGE FOR CHILDREN IN SOUTHERN MINNESOTA.

  • THE PURPOSE OF THE LEO AUGUSTA CHILDREN'S ACADEMY IS TO PROVIDE EVERY CHILD REGARLESS OF ECONOMIC, SOCIAL, RACE, OR RELIGIOUS STATUS AN EARLY EDUCATION OPPORTUNITY THAT WILL ENABLE THE CHILD TO SUCCEED. THE LEO AUGUSTA CHILDREN'S ACADEMY WILL DELIVER A HANDS-ON MODEL OF CHILD DEVELOPMENT WITH THE CAPACITY TO SERVE OVER 100 CHILDREN, AGES INFANT THROUGH 12 YEARS OF AGE. UNDER A STRUCTURED CURRICULUM, COUPLED WITH FLEXIBILITY, OUR PHILOSOPHY OF LEARNING AND CARE WILL FOCUS ON EMOTIONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL DEVELOPMENT IN A NURTURING AND SECURE ENVIORNMENT. THE ACADEMY WILL PROVIDE WORKING FAMILIES 5 DAYS PER WEEK, UP TO 12 HOURS PER DAY TO WORK TOWARDS FINANCIAL STABILITY WITH A PEACE OF MIND WHILE THE ACADEMY CARES FOR THEIR CHILDREN.

    Expenses $1,061,358 · Revenue $594,258

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Hinzmann

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nate Bastian

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Annalise Hullopeter

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Julian Currie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brianna Masching

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Doug Anderson

    ACADEMY DIRECTOR - FORMER

    Total calculated
    $69,971
    From this org
    $69,971
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Jessica Kremer

    ACADEMY DIRECTOR

    Total calculated
    $11,577
    From this org
    $11,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

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.

Provenance

Return type
form_990
Tax year
2023
Filed
16 August 2024
IRS schema version
2023v5.1
Source object
202422439349300132

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