Lionsgate Academy
- Assets
- $8.7m
- Revenue
- $20.1m
- Investments
- $0.0
- Employees
- 299
- Location
- Minnetonka, MN
- Founding
- 01/2009
- Data as of
- 06/2021
- EIN
- 20-8933066
Organization Overview
Lionsgate Academy is located in Minnetonka, MN. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Lionsgate Academy employed 299 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lionsgate 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, Lionsgate Academy generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $20.8m during the year ending 06/2021. While expenses have increased by 12.0% 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
LIONSGATE ACADEMY PROVIDES A TRANSITION-FOCUSED, TAILORED LEARNING PROGRAM FOR STUDENTS WITH ASD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIONSGATE ACADEMY WILL CREATE AN EDUCATIONAL ENVIRONMENT THAT WILL MODEL BEST INSTRUCTIONAL PRACTICES AND RESEARCH BASED TECHNIQUES SO THAT THE GRADUATES OF LIONSGATE ACADEMY WILL - TO THE FULLEST EXTENT POSSIBLE - LIVE INDEPENDENTLY, BE INVOLVED IN FURTHER EDUCATION OR GAINFUL EMPLOYMENT, AND DEVELOP MEANINGFUL RELATIONSHIPS WITH OTHERS. LIONSGATE ACADEMY SERVED 334 STUDENTS IN GRADES SEVEN THROUGH TWELVE DURING 2020-2021, ITS THIRTEENTH YEAR OF OPERATION.
FOOD SERVICE PROGRAM: PROVIDES MEALS THAT CATER TO ALL STUDENTS NUTRITIONAL NEEDS AND RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Restorff Excutive Director | Officer | 42 | $120,057 |
Aaron Leisen Director Of Finance And Operations | Officer | 42 | $104,589 |
Molly Figenskau Director | Trustee | 42 | $49,768 |
Rachel Bell Secretary | OfficerTrustee | 42 | $46,730 |
Ben Barnes Director | Trustee | 42 | $42,787 |
Amiri Brotherson Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Twin City Transportation Transportation | 6/29/21 | $2,535,707 |
Washburn Center For Children Mental Health Services | 6/29/21 | $215,500 |
City Wide Facility Solutions Janitorial Services | 6/29/21 | $136,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,304 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,731 |
| Total Program Service Revenue | $20,008,615 |
| Investment income | $3,472 |
| 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 | $20,147,818 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $452,600 |
| Compensation of current officers, directors, key employees. | $260,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,831,629 |
| Pension plan accruals and contributions | $856,525 |
| Other employee benefits | $1,534,910 |
| Payroll taxes | $730,991 |
| Fees for services: Management | $133,733 |
| Fees for services: Legal | $1,734 |
| Fees for services: Accounting | $85,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,427 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $158,103 |
| Royalties | $0 |
| Occupancy | $2,787,884 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,879 |
| Interest | $10,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,763 |
| Insurance | $42,031 |
| All other expenses | $0 |
| Total functional expenses | $20,818,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,553 |
| Savings and temporary cash investments | $1,668,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $781,849 |
| 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 | $71,516 |
| Net Land, buildings, and equipment | $789,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,175,508 |
| Total assets | $8,728,304 |
| Accounts payable and accrued expenses | $1,681,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,465,760 |
| Total liabilities | $16,147,450 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$8,208,207 |
| Retained earnings, endowment, accumulated income, or other funds | $789,061 |
| Total liabilities and net assets/fund balances | $8,728,304 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lionsgate Academy has recieved totaling $851.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $851 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |