Chapel Hill Academy Inc
- Assets
- $8.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 82
- Location
- Chanhassen, MN
- Founding
- 12/1970
- Data as of
- 06/2022
- EIN
- 41-0965970
Organization Overview
Chapel Hill Academy Inc is located in Chanhassen, MN. The organization was established in 1970. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Chapel Hill Academy Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Hill Academy Inc 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 06/2022, Chapel Hill Academy Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GLORIFY GOD AND ASSIST FAMILIES BY PROVIDING A CHRIST-CENTERED EDUCATION WHICH INSPIRES AND ENABLES STUDENTS TO PURSUE SPIRITUAL MATURITY AND ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EDUCATION PROCESS ENDEAVORS TO ASSIST FAMILIES BY PROVIDING CHRISTIAN EDUCATION WHICH INSPIRES AND ENABLES STUDENTS TO PURSUE SPIRITUAL MATURITY AND ACADEMIC EXCELLENCE. THE SCHOOL SUPPORTS FAMILIES WITHIN THE SOUTHWESTERN MINNEAPOLIS SUBURBAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kassie Grosz Head Adminis | Officer | 40 | $112,020 |
Jt Pedersen Treasurer | OfficerTrustee | 5 | $0 |
Tim Luther Vice Chair | OfficerTrustee | 5 | $0 |
Jim Johnson Secretary | OfficerTrustee | 5 | $0 |
Jenna Rains Director | Trustee | 5 | $0 |
Ben Fetters Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $625,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625,788 |
| Total Program Service Revenue | $4,266,760 |
| Investment income | $232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $200,282 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,146,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $563,436 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,020 |
| Compensation of current officers, directors, key employees. | $22,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,116,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,244 |
| Payroll taxes | $162,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $93,797 |
| Information technology | $72,845 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,920 |
| Insurance | $16,179 |
| All other expenses | $100,899 |
| Total functional expenses | $4,158,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,862,145 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,600 |
| Accounts receivable, net | $3,036 |
| 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 | $185,398 |
| Net Land, buildings, and equipment | $5,871,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,972,164 |
| Accounts payable and accrued expenses | $30,695 |
| Grants payable | $0 |
| Deferred revenue | $104,702 |
| 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 | $1,224,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,359,416 |
| Net assets without donor restrictions | $6,363,727 |
| Net assets with donor restrictions | $249,021 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,972,164 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chapel Hill Academy Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Anderson Christian Foundation Minnetonka, MN PURPOSE: SUPPORT OF LOCAL CHRISTIAN ORGANIZATIONS | $5,000 |
Barney Family Foundation La Crosse, WI PURPOSE: RELIGIOUS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
Public Health Law Center Inc St Paul, MN | $2,005,877 | $4,622,958 |
Chapel Hill Academy Inc Chanhassen, MN | $7,972,164 | $5,146,130 |
International Experience A Non- Profit Corporation Northfield, MN | $3,315,141 | $2,530,227 |
Maggie Applauds Great Goals In Education Inc Wayzata, MN | $26,327,381 | $2,188,614 |
Madison Community Cooperative Madison, WI | $4,314,477 | $1,420,997 |
Minnesota State College Student Association Inc W Saint Paul, MN | $1,729,546 | $828,239 |
Minnesota Intercollegiate Athletic Conference Bloomington, MN | $290,455 | $1,169,400 |
Bolder Options Minneapolis, MN | $1,671,157 | $1,108,504 |
Athletes Committed To Educating Students Minneapolis, MN | $1,071,272 | $1,427,462 |
Einstein Project Inc Green Bay, WI | $2,102,459 | $802,083 |
The Minnesota Daily Minneapolis, MN | $1,094,775 | $1,318,573 |