Totals
- Total revenue
- $46,268,076
- Total expenses
- $41,970,884
- Contributions and grants received
- $44,984,512
- Grants paid
- $0
- Program service revenue
- $380,620
- Investment income
- $758,400
- Other revenue
- $144,544
- Total assets, end of year
- $44,363,882
- Total liabilities, end of year
- $21,378,125
- Net assets or fund balances, end of year
- $22,985,757
- Program services expenses (Part IX)
- $37,152,871
- Management and general expenses
- $4,818,013
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $37,152,871
Program services were 88.5% 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)
$44,972,961
-
1f · All other contributions, gifts and grants
$11,551
-
2a · Program service revenue: Fees from patrons
total $182,302 · related or exempt $182,302
-
2b · Program service revenue: Medical assistance
total $61,052 · related or exempt $61,052
-
2c · Program service revenue: E-rate revenue
total $52,496 · related or exempt $52,496
-
2d · Program service revenue: School store
total $51,502 · related or exempt $51,502
-
2e · Program service revenue: Food sales
total $22,905 · related or exempt $22,905
-
2f · All other program service revenue
total $10,363 · related or exempt $10,363
-
3 · Investment income
total $723,622 · excluded $723,622
-
7a · Gross sales of assets other than inventory
other assets $34,778
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $34,778
-
7d · Net gain or loss
total $34,778 · excluded $34,778
-
11a · Other revenue: Pension revenue
total $144,544 · excluded $144,544
-
11e · Other revenue, total
$144,544
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $550,174 · program services $458,375 · management and general $91,799
-
7 · Other salaries and wages
total $16,847,389 · program services $14,120,975 · management and general $2,726,414
-
8 · Pension plan contributions
total $2,584,849 · program services $2,004,052 · management and general $580,797
-
9 · Other employee benefits
total $1,299,491 · program services $1,076,062 · management and general $223,429
-
10 · Payroll taxes
total $1,250,473 · program services $1,036,138 · management and general $214,335
-
11b · Fees: legal
total $144,900 · management and general $144,900
-
11c · Fees: accounting
total $157,405 · management and general $157,405
-
11g · Fees: other
total $2,740,734 · program services $2,548,225 · management and general $192,509
-
13 · Office expenses
total $21,090 · program services $21,090
-
14 · Information technology
total $284,368 · program services $168,533 · management and general $115,835
-
16 · Occupancy
total $6,167,002 · program services $6,167,002
-
17 · Travel
total $5,031,731 · program services $5,031,731
-
19 · Conferences, conventions and meetings
total $150,673 · program services $149,861 · management and general $812
-
22 · Depreciation, depletion and amortization
total $732,331 · program services $727,340 · management and general $4,991
-
23 · Insurance
total $217,404 · program services $217,404
-
24a · Other expenses: Food
total $1,779,581 · program services $1,728,932 · management and general $50,649
-
24b · Other expenses: Supplies
total $1,627,813 · program services $1,482,155 · management and general $145,658
-
24c · Other expenses: Equipment Purchased
total $300,420 · program services $193,957 · management and general $106,463
-
24d · Other expenses: Dues and Memberships
total $60,256 · program services $15,139 · management and general $45,117
-
24e · All other expenses
total $22,800 · program services $5,900 · management and general $16,900
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,483,252 · end of year $22,941,169
-
2 · Savings and temporary cash investments
beginning of year $4,661 · end of year $4,677
-
3 · Pledges and grants receivable
beginning of year $6,487,468 · end of year $10,566,986
-
9 · Prepaid expenses and deferred charges
beginning of year $260,820 · end of year $282,111
-
10a · Land, buildings and equipment: cost or other basis
$10,538,683
-
10b · Land, buildings and equipment: accumulated depreciation
$3,926,674
-
10c · Land, buildings and equipment, net
beginning of year $6,885,119 · end of year $6,612,009
-
15 · Other assets
beginning of year $5,567,413 · end of year $3,956,930
-
17 · Accounts payable and accrued expenses
beginning of year $2,992,786 · end of year $2,920,239
-
25 · Other liabilities
beginning of year $19,007,382 · end of year $18,457,886
-
27 · Net assets without donor restrictions
beginning of year $5,455,480 · end of year $1,917,914
-
28 · Net assets with donor restrictions
beginning of year $13,233,085 · end of year $21,067,843
Mission and programs · 2023
Mission
Hmong College Prep Academy's mission is to provide the best integrated, challenging, and well-rounded educational experience to students in grades K-12.
Activities or mission (Part I)
To provide the best integrated challenging, and well-rounded educational experience to students.
-
Hmong College Prep Academy (HCPA) is a K-12 school district with small class sizes and an individualized program for each student. HCPA offers extended school year with core curriculum enriched with Hmong Culture language to strengthen student achievement. Instructional Focus: High academic standards aligned with Minnesota state standards, college preparatory curriclum, small learning communities, individualized, project based learning, cultural congruence and integration, Hmong language/culture and music, strong community-school partnerships, community service leadership opportunities with community involvement. Average enrollment for the 2023-2024 was 2,467.
Expenses $37,152,871 · Revenue $380,620
As filed on the 2023 return.
Listed in Part VII
-
Daniel Schmidt
Board Member/Teacher
- Total calculated
- $58,063
- From this org
- $53,287
- From related orgs
- $0
- Other
- $4,776
- Hours/week
- 41
-
Brent Ness
Secretary/Teacher
- Total calculated
- $106,654
- From this org
- $89,377
- From related orgs
- $0
- Other
- $17,277
- Hours/week
- 41
-
Aly Xiong
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Susan Vang
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Christine Smith
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sonya Zuker
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ge Vang
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Danijela Duvnjak
Chief Academic Officer
- Total calculated
- $208,341
- From this org
- $188,393
- From related orgs
- $0
- Other
- $19,948
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,393
- Bonus
- $0
- Other
- $0
- Deferred
- $15,735
- Nontaxable benefits
- $4,213
- Filer's total
- $208,341
-
David Kloskin
Chief Financial Officer
- Total calculated
- $162,860
- From this org
- $133,924
- From related orgs
- $0
- Other
- $28,936
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,924
- Bonus
- $0
- Other
- $0
- Deferred
- $10,142
- Nontaxable benefits
- $18,794
- Filer's total
- $162,860
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 · 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.
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.
-
Hmong Education Reform Company
501(c)(3) · School Building Leasing · MN · controlled entity
Directly controlled by Hmong College Prep Academy
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521219349300127
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