Mounds Park Academy
- Assets
- $29.0m
- Revenue
- $19.3m
- Investments
- $46.0k
- Employees
- 183
- Location
- St Paul, MN
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 41-1420915
Organization Overview
Mounds Park Academy is located in St Paul, MN. The organization was established in 1989. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Mounds Park Academy employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mounds Park 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 06/2022, Mounds Park Academy generated $19.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $20.3m during the year ending 06/2022. While expenses have increased by 6.2% 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
TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA, TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY SERVED APPROXIMATELY 500 STUDENTS. ONE-HUNDRED PERCENT OF THE ACADEMY'S STUDENTS ARE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. THE ACADEMY'S CURRICULUM FOCUSES ON COLLABORATION; EXPERIENTIAL, HANDS-ON LEARNING; AND PROVIDES OVER 70 ACTIVITIES INCLUDING FINE ARTS, ACADEMICS, SOCIAL AWARENESS AND ATHLETICS AT ITS 32 ACRE CAMPUS IN ST. PAUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridgette Shannon Member | Trustee | 2 | $0 |
Sally Doherty Member | Trustee | 2 | $0 |
James Cordon Member | Trustee | 2 | $0 |
Tiffany Scott Knox Member | Trustee | 2 | $0 |
Robert King Member | Trustee | 2 | $0 |
Tom Simonson Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Food Services | 6/29/22 | $449,561 |
First Student Busing | 6/29/22 | $225,971 |
Apple Inc Technology | 6/29/22 | $144,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $276,427 |
| Related organizations | $0 |
| Government grants | $6,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $644,212 |
| Noncash contributions included in lines 1a–1f | $7,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $927,258 |
| Total Program Service Revenue | $17,784,114 |
| Investment income | $234,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,955 |
| Net Gain/Loss on Asset Sales | $168,140 |
| Net Income from Fundraising Events | -$29,046 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,291,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,241,940 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,353 |
| Compensation of current officers, directors, key employees. | $452,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,704,703 |
| Pension plan accruals and contributions | $180,989 |
| Other employee benefits | $1,086,279 |
| Payroll taxes | $571,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,981 |
| Fees for services: Accounting | $40,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,686 |
| Fees for services: Other | $0 |
| Advertising and promotion | $195,892 |
| Office expenses | $1,142,619 |
| Information technology | $107,125 |
| Royalties | $0 |
| Occupancy | $747,339 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $219,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,256,821 |
| Insurance | $152,407 |
| All other expenses | $200,775 |
| Total functional expenses | $20,311,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,412,077 |
| Savings and temporary cash investments | $366,193 |
| Pledges and grants receivable | $193,427 |
| Accounts receivable, net | $113,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,146 |
| Prepaid expenses and deferred charges | $93,060 |
| Net Land, buildings, and equipment | $20,038,318 |
| Investments—publicly traded securities | $5,714,800 |
| Investments—other securities | $46,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,996,961 |
| Accounts payable and accrued expenses | $2,123,832 |
| Grants payable | $0 |
| Deferred revenue | $3,049,267 |
| Tax-exempt bond liabilities | $5,700,588 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $345,663 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $201,735 |
| Total liabilities | $11,421,085 |
| Net assets without donor restrictions | $12,357,737 |
| Net assets with donor restrictions | $5,218,139 |
| 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 | $28,996,961 |