International Spanish Language Academy
- Assets
- $2.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 50
- Location
- Minnetonka, MN
- Founding
- 05/2008
- Data as of
- 06/2021
- EIN
- 01-0872726
Organization Overview
International Spanish Language Academy is located in Minnetonka, MN. The organization was established in 2008. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, International Spanish Language Academy employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Spanish Language Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, International Spanish Language Academy generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 6.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ISLA, A K-6 SPANISH IMMERSION COMMUNITY, EMPOWERS THE WHOLE CHILD BY NURTURING THE DEVELOPMENT OF PERSONAL GROWTH, STRONG CHARACTER, ACADEMIC EXCELLENCE, AND GLOBAL VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN EDUCATION, IN THE ENGLISH AND SPANISH LANGUAGES, AND OTHER EDUCATIONAL SERVICES TO STUDENTS IN GRADES K-6. DURING THE FISCAL YEAR ENDED JUNE 30, 2021, INTERNATIONAL SPANISH LANGUAGE ACADEMY SERVED AN ESTIMATED 338 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonyin King Member/teacher | Trustee | 42 | $56,015 |
Riana Dilley Member/teacher | Trustee | 42 | $50,813 |
Liz Crouse Vice Chair | OfficerTrustee | 5 | $0 |
Kristina Taylor Secretary | OfficerTrustee | 5 | $0 |
Jody Johnson Treasurer | OfficerTrustee | 5 | $0 |
Jared Goodwin Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $465,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,425 |
| Total Program Service Revenue | $3,139,774 |
| Investment income | $1,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,628,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,199 |
| Compensation of current officers, directors, key employees. | $118,273 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,623,440 |
| Pension plan accruals and contributions | $181,295 |
| Other employee benefits | $252,722 |
| Payroll taxes | $145,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,652 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289,044 |
| Advertising and promotion | $0 |
| Office expenses | $395,095 |
| Information technology | $19,933 |
| Royalties | $0 |
| Occupancy | $595,211 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,864 |
| Interest | $0 |
| Payments to affiliates | $18,888 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,484 |
| All other expenses | $2,648 |
| Total functional expenses | $4,014,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $526,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,773 |
| Net Land, buildings, and equipment | $123,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,297,306 |
| Total assets | $2,475,051 |
| Accounts payable and accrued expenses | $227,327 |
| Grants payable | $0 |
| Deferred revenue | $25,715 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,592,845 |
| Total liabilities | $3,868,387 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,552,778 |
| Paid-in or capital surplus, or land, building, or equipment fund | $123,581 |
| Retained earnings, endowment, accumulated income, or other funds | $35,861 |
| Total liabilities and net assets/fund balances | $2,475,051 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Spanish Language Academy has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, ARTS & CULTURE | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Des Moines Christian School Urbandale, IA | $33,454,159 | $19,777,183 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |
Marty Indian School Board Inc Marty, SD | $22,784,414 | $13,798,378 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |