Totals
- Total revenue
- $27,043,718
- Total expenses
- $11,650,934
- Contributions and grants received
- $25,524,822
- Grants paid
- $0
- Program service revenue
- $796,986
- Investment income
- $635,569
- Other revenue
- $86,341
- Total assets, end of year
- $42,742,682
- Total liabilities, end of year
- $1,128,795
- Net assets or fund balances, end of year
- $41,613,887
- Program services expenses (Part IX)
- $10,223,637
- Management and general expenses
- $570,835
- Fundraising expenses
- $856,462
- Program service expenses (Part III)
- $10,223,637
Program services were 87.7% 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
$101,945
-
1e · Government grants (contributions)
$1,528,629
-
1f · All other contributions, gifts and grants
$23,894,248
-
1g · Noncash contributions included above
$2,971,422
-
2a · Program service revenue: TUITION AND SCHOOL FEES
total $796,986 · related or exempt $796,986
-
3 · Investment income
total $303,406 · excluded $303,406
-
6a · Gross rents
real property $1,549,725
-
6b · Less rental expenses
real property $1,448,071
-
6c · Rental income or loss
real property $101,654
-
6d · Net rental income or loss
total $101,654 · excluded $101,654
-
7a · Gross sales of assets other than inventory
securities $13,544,939
-
7b · Less cost or other basis and sales expenses
securities $13,212,776
-
7c · Gain or loss
securities $332,163
-
7d · Net gain or loss
total $332,163 · excluded $332,163
-
8a · Fundraising events: contributions included on line 1c
$101,945
-
8b · Fundraising events: direct expenses
$15,313
-
8c · Net income from fundraising events
total -$15,313 · excluded -$15,313
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $218,837 · program services $189,944 · management and general $12,383 · fundraising $16,510
-
7 · Other salaries and wages
total $7,181,489 · program services $6,243,209 · management and general $402,120 · fundraising $536,160
-
8 · Pension plan contributions
total $200,218 · program services $172,188 · management and general $12,013 · fundraising $16,017
-
9 · Other employee benefits
total $569,458 · program services $489,567 · management and general $34,239 · fundraising $45,652
-
10 · Payroll taxes
total $451,413 · program services $388,215 · management and general $27,085 · fundraising $36,113
-
11a · Fees: management
total $36,000 · program services $36,000
-
11c · Fees: accounting
total $18,500 · management and general $18,500
-
11f · Fees: investment management
total $10,324 · management and general $10,324
-
11g · Fees: other
total $537,361 · program services $394,278 · management and general $3,459 · fundraising $139,624
-
12 · Advertising and promotion
total $88,758 · program services $79,160 · fundraising $9,598
-
13 · Office expenses
total $142,111 · program services $122,215 · management and general $8,527 · fundraising $11,369
-
14 · Information technology
total $159,190 · program services $156,006 · management and general $1,592 · fundraising $1,592
-
16 · Occupancy
total $415,207 · program services $405,252 · management and general $4,840 · fundraising $5,115
-
17 · Travel
total $31,255 · program services $30,535 · management and general $360 · fundraising $360
-
22 · Depreciation, depletion and amortization
total $743,367 · program services $728,499 · management and general $7,434 · fundraising $7,434
-
23 · Insurance
total $74,453 · program services $71,703 · management and general $1,270 · fundraising $1,480
-
24a · Other expenses: CLASSROOM TEXTS AND SUPPL
total $279,160 · program services $279,160
-
24b · Other expenses: MISSION TRIP EXPENSES
total $184,246 · program services $184,246
-
24c · Other expenses: EQUIPMENT, BUILDING REPAI
total $99,765 · program services $97,769 · management and general $998 · fundraising $998
-
24d · Other expenses: REAL ESTATE TAXES
total $75,385 · program services $73,877 · management and general $754 · fundraising $754
-
24e · All other expenses
total $134,437 · program services $81,814 · management and general $24,937 · fundraising $27,686
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,892 · end of year $480,626
-
2 · Savings and temporary cash investments
beginning of year $5,460,288 · end of year $11,494,348
-
3 · Pledges and grants receivable
end of year $966,200
-
4 · Accounts receivable
beginning of year $262,446 · end of year $245,511
-
9 · Prepaid expenses and deferred charges
beginning of year $50,040 · end of year $66,749
-
10a · Land, buildings and equipment: cost or other basis
$26,694,336
-
10b · Land, buildings and equipment: accumulated depreciation
$3,671,665
-
10c · Land, buildings and equipment, net
beginning of year $13,942,397 · end of year $23,022,671
-
11 · Investments: publicly traded securities
beginning of year $280,446 · end of year $1,765,176
-
12 · Investments: other securities
beginning of year $3,575,724 · end of year $3,857,507
-
15 · Other assets
beginning of year $2,978,701 · end of year $843,894
-
17 · Accounts payable and accrued expenses
beginning of year $318,424 · end of year $1,110,315
-
19 · Deferred revenue
beginning of year $16,407 · end of year $18,480
-
27 · Net assets without donor restrictions
beginning of year $22,196,886 · end of year $23,705,314
-
28 · Net assets with donor restrictions
beginning of year $4,024,217 · end of year $17,908,573
Mission and programs · 2022
Mission
THE ORGANIZATION OPERATES A K-12 SCHOOL IN URBAN MINNEAPOLIS WHICH PROVIDES A CLASSICAL CHRISTIAN EDUCATION, WITH A GOAL OF FOSTERING HOPE IN GOD WITHIN THE INNER-CITY NEIGHBORHOODS OF MINNEAPOLIS BY PROVIDING YOUTH WITH A REMARKABLE GOD-CENTERED EDUCATION.
-
THE SCHOOL ACCEPTS STUDENTS IN ALL GRADES FROM KINDERGARTEN UP TO TWELVE. ALL EXPENSES WENT TOWARD PROVIDING A HIGH QUALITY, CHRIST-CENTERED EDUCATION.
Expenses $10,223,637 · Revenue $7,993,407
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JIM STIGMAN
HEAD OF ADVA
- Total calculated
- $175,478
- From this org
- $168,729
- From related orgs
- $0
- Other
- $6,749
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $168,729
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $6,749
- Filer's total
- $175,478
-
RUSS GREGG
HEAD OF SCHO
- Total calculated
- $124,287
- From this org
- $114,044
- From related orgs
- $0
- Other
- $10,243
- Hours/week
- 50
-
JOHN VILLAS
HEAD OF FINA
- Total calculated
- $64,022
- From this org
- $54,523
- From related orgs
- $0
- Other
- $9,499
- Hours/week
- 30
-
DAN OLSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
DOUG SMITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MIKE BROCKER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
WAYNE BUGG
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
HECTOR FERNANDEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DONNA HARRIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
BRAD PIEPER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBIN MAYNARD
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
STEVE TOUREK
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
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 committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313529349300566
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