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Nonprofiteer
← EXCELL ACADEMY FOR HIGHER LEARNING INC

Form 990 for tax year 2022

Filed by EXCELL ACADEMY FOR HIGHER LEARNING INC.

Totals

Total revenue
$10,009,729
Total expenses
$10,094,947
Contributions and grants received
$9,582,588
Grants paid
$0
Program service revenue
$257,826
Investment income
$0
Other revenue
$169,315
Total assets, end of year
$4,425,733
Total liabilities, end of year
$6,635,095
Net assets or fund balances, end of year
-$2,209,362
Program services expenses (Part IX)
$9,071,695
Management and general expenses
$1,023,252
Fundraising expenses
$0
Program service expenses (Part III)
$9,071,695

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.

  • 1e · Government grants (contributions)

    $9,574,977

  • 1f · All other contributions, gifts and grants

    $7,611

  • 2a · Program service revenue: FEES FROM PATRONS

    total $236,971 · related or exempt $236,971

  • 2b · Program service revenue: MEDICAL ASSISTANCE

    total $19,008 · related or exempt $19,008

  • 2c · Program service revenue: FOOD SERVICE REVENUE

    total $1,847 · related or exempt $1,847

  • 6a · Gross rents

    real property $6,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,500

  • 6d · Net rental income or loss

    total $6,500 · excluded $6,500

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $162,815 · related or exempt $162,815

  • 11e · Other revenue, total

    $162,815

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $233,755 · program services $73,370 · management and general $160,385

  • 7 · Other salaries and wages

    total $4,855,126 · program services $4,646,262 · management and general $208,864

  • 8 · Pension plan contributions

    total $416,297 · program services $390,479 · management and general $25,818

  • 9 · Other employee benefits

    total $375,701 · program services $314,432 · management and general $61,269

  • 10 · Payroll taxes

    total $393,914 · program services $348,608 · management and general $45,306

  • 11b · Fees: legal

    total $7,698 · management and general $7,698

  • 11c · Fees: accounting

    total $134,877 · management and general $134,877

  • 11g · Fees: other

    total $1,770,920 · program services $1,612,646 · management and general $158,274

  • 13 · Office expenses

    total $126,663 · program services $68,672 · management and general $57,991

  • 14 · Information technology

    total $153,230 · program services $41,043 · management and general $112,187

  • 16 · Occupancy

    total $956,597 · program services $956,597

  • 19 · Conferences, conventions and meetings

    total $139,158 · program services $136,940 · management and general $2,218

  • 22 · Depreciation, depletion and amortization

    total $123,184 · program services $116,374 · management and general $6,810

  • 23 · Insurance

    total $26,477 · program services $26,477

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $167,630 · program services $167,630

  • 24b · Other expenses: SUPPLIES

    total $147,984 · program services $147,984

  • 24c · Other expenses: DUES & MEMBERSHIPS

    total $44,451 · program services $2,896 · management and general $41,555

  • 24d · Other expenses: EQUIPMENT

    total $14,540 · program services $14,540

  • 24e · All other expenses

    total $6,745 · program services $6,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,658 · end of year $500,578

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $675,035

  • 4 · Accounts receivable

    beginning of year $971,070 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,938 · end of year $2,818

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

    $1,588,547

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

    $1,071,960

  • 10c · Land, buildings and equipment, net

    beginning of year $643,796 · end of year $516,587

  • 15 · Other assets

    beginning of year $2,109,423 · end of year $2,730,715

  • 17 · Accounts payable and accrued expenses

    beginning of year $334,728 · end of year $425,304

  • 25 · Other liabilities

    beginning of year $6,247,668 · end of year $6,209,791

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$3,295,307 · end of year -$2,725,948

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

    beginning of year $643,796 · end of year $516,586

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE MISSION OF EXCELL ACADEMY FOR HIGHER LEARNING IS TO EQUIP AND PREPARE ITS LEARNERS FOR HIGHER EDUCATION AND TO BE POSITIVE PRODUCTIVE CITIZENS. EXCELL ACADEMY WILL ACHIEVE ITS MISSION BY IDENTIFYING, NURTURING, AND DEVELOPING ITS LEARNERS' ACADEMIC GIFTS, TALENTS AND CREATIVITY. WITH THE BELIEF THAT EVERY STUDENT IS CAPABLE OF PURSUING ACHIEVEMENT AT A HIGHER LEVEL, EXCELL ACADEMY OFFERS EXCEPTIONAL LEARNING EXPERIENCES AND QUALITY CURRICULA TO FOSTER THE LEARNERS' FULLEST POTENTIAL.

Activities or mission (Part I)

OPERATION OF CHARTER SCHOOL IN BROOKLYN PARK, MINNESOTA.

  • EXCELL ACADEMY FOR GRADES K-8. THE SCHOOL WAS DEVELOPED WITH ALL STUDENTS, ACHIEVEMENT LEVELS, EDUCATIONAL BACKGROUNDS AND NATIONALITIES, IN MIND. THE SCHOOL IS DEDICATED TO PROVIDING AN ACADEMICALLY CHALLENGING EDUCATIONAL EXPERIENCE FOR CHILDREN WHO HAVE HISTORICALLY BEEN EXCLUDED FROM THE OPPORTUNITY. ENROLLMENT WAS 426 FOR FISCAL YEAR 2023.EXCELL ACADEMY WAS THE RECEIPIENT OF THE PATHWAY II SCHOLARSHIP PROGRAM IN FY23 AND WAS ABLE TO CONTINUE DEVELOPING A KINDERGARTEN READINESS PROGRAM TO HELP YOUNG STUDENTS PREPARE FOR ENTERING GRADES K-8. THIS PROGRAM IS BEING RUN IN THE COMMUNITY SERVICES FUND OF THE ACADEMY ALONG WITH BEFORE AND AFTER CARE FOR STUDENTS AS WELL AS EMPLOYEE DAYCARE FOR STAFF MEMBERS CHILDREN.

    Expenses $9,071,695 · Revenue $420,641

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edna Granger

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Oliver Spraggins

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Casey Morrissette

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Monica McGill

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Trevva Evans

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Kula Giddings

    MEMBER/TEACHER

    Total calculated
    $70,579
    From this org
    $57,863
    From related orgs
    $0
    Other
    $12,716
    Hours/week
    42

  • Sabrina Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $178,679
    From this org
    $146,155
    From related orgs
    $0
    Other
    $32,524
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $146,155
    Bonus
    $0
    Other
    $0
    Deferred
    $13,170
    Nontaxable benefits
    $19,354
    Filer's total
    $178,679

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 survey or study
  • 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
24 April 2024
IRS schema version
2022v5.0
Source object
202411229349300531

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