Form 990 for tax year 2025
Filed by LEO AUGUSTA CHILDREN'S ACADEMY.
Totals
- Total revenue
- -$128,716
- Total expenses
- $837,522
- Contributions and grants received
- $179,453
- Grants paid
- $0
- Program service revenue
- $343,215
- Investment income
- -$2,274,895
- Other revenue
- $1,623,511
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $648,033
- Management and general expenses
- $189,489
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $648,033
Program services were 77.4% 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)
$55,406
-
1f · All other contributions, gifts and grants
$124,047
-
1g · Noncash contributions included above
$447
-
2a · Program service revenue: CLASSROOMTUITION AND FEES
total $343,215 · related or exempt $343,215
-
6a · Gross rents
real property $2,575
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,575
-
6d · Net rental income or loss
total $2,575 · excluded $2,575
-
7a · Gross sales of assets other than inventory
other assets $60,750
-
7b · Less cost or other basis and sales expenses
other assets $2,335,645
-
7c · Gain or loss
other assets -$2,274,895
-
7d · Net gain or loss
total -$2,274,895 · excluded -$2,274,895
-
8a · Fundraising events: gross income
$4,436
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $4,436 · excluded $4,436
-
11a · Other revenue: DEBT FORGIVENESS
total $1,616,500 · excluded $1,616,500
-
11e · Other revenue, total
$1,616,500
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $39,344 · program services $35,409 · management and general $3,935
-
7 · Other salaries and wages
total $329,527 · program services $325,603 · management and general $3,924
-
9 · Other employee benefits
total $4,387 · management and general $4,387
-
10 · Payroll taxes
total $35,867 · program services $32,533 · management and general $3,334
-
11a · Fees: management
total $18,513 · management and general $18,513
-
13 · Office expenses
total $27,509 · program services $24,139 · management and general $3,370
-
14 · Information technology
total $9,115 · management and general $9,115
-
16 · Occupancy
total $179,380 · program services $153,000 · management and general $26,380
-
20 · Interest
total $36,670 · management and general $36,670
-
22 · Depreciation, depletion and amortization
total $62,167 · program services $52,842 · management and general $9,325
-
23 · Insurance
total $19,216 · management and general $19,216
-
24a · Other expenses: TAXES AND LICENSES
total $36,230 · program services $1,561 · management and general $34,669
-
24b · Other expenses: MEMBERSHIP DUES/SUBS
total $17,712 · program services $1,884 · management and general $15,828
-
24c · Other expenses: FACILITY AND EQUIPMENT
total $10,581 · program services $10,581
-
24d · Other expenses: BAD DEBT
total $7,772 · program services $7,772
-
24e · All other expenses
total $3,532 · program services $2,709 · management and general $823
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $2,654 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $32,698 · end of year $0
-
4 · Accounts receivable
beginning of year $13,442 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $18,565 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $2,397,814 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $969,559 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $131,950 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,525,000
-
24 · Unsecured notes and loans payable
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $798,946 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $978,836 · end of year $0
Mission and programs · 2025
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 REGARGLESS 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 ENVIRONMENT. 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 $648,033 · Revenue $343,215
As filed on the 2025 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
- 0.5
-
NATE BASTIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
LAURA BANISTER-HANSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
JULIAN CURRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AYREN INGVALSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRIANNA MASCHING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JESSICA KREMER
ACADEMY DIRECTOR
- Total calculated
- $39,344
- From this org
- $39,344
- 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.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
KID'S HAVEN CHILD CARE & PRESCHOOL
$52,031
Liquidation · CLASSROOM FURNISHINGS · Oct 23, 2025 · NA
-
BLOOMING PRAIRIE ELEMENTRARY SCHOOL
$8,719
Liquidation · CLASSROOM FURNISHINGS · Oct 23, 2025 · GOV
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 23 February 2026
- IRS schema version
- 2025v4.0
- Source object
- 202610619349300861
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