Mounds Park Academy
- Assets
- $30.5m
- Revenue
- $18.4m
- Investments
- $45.4k
- Employees
- 169
- Location
- St Paul, MN
- Founding
- 03/1989
- Data as of
- 06/2021
- 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 06/2021, Mounds Park Academy employed 169 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 06/2021, Mounds Park Academy generated $18.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $17.7m during the year ending 06/2021. While expenses have increased by 4.8% 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
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 |
|---|---|---|---|
Dr William Hudson Head Of School | Officer | 40 | $289,044 |
Gina Wallraff Chief Financial And Operations Officer | Officer | 40 | $157,260 |
Natalie Waters Seum Director Of Admission And Communication | 40 | $146,994 | |
Jennifer Rogers Director Of Development And Community Engagement | 40 | $116,800 | |
Mark Segal Upper School Director | 40 | $107,883 | |
Wendy Odeen Vice Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Egan Building Maintenance | 6/29/21 | $165,209 |
Xcel Energy Utilities | 6/29/21 | $148,163 |
Sage Dining Food Services | 6/29/21 | $457,991 |
Apple Inc Technology | 6/29/21 | $165,414 |
First Student Busing | 6/29/21 | $176,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,425 |
| Related organizations | $0 |
| Government grants | $1,401,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $872,947 |
| Noncash contributions included in lines 1a–1f | $7,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,534,312 |
| Total Program Service Revenue | $15,359,079 |
| Investment income | $241,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,575 |
| Net Gain/Loss on Asset Sales | $245,669 |
| Net Income from Fundraising Events | $708 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,399,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,718,176 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $438,634 |
| Compensation of current officers, directors, key employees. | $410,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,566,580 |
| Pension plan accruals and contributions | $268,325 |
| Other employee benefits | $1,143,334 |
| Payroll taxes | $486,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,483 |
| Fees for services: Accounting | $39,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,808 |
| Fees for services: Other | $0 |
| Advertising and promotion | $203,367 |
| Office expenses | $598,986 |
| Information technology | $92,156 |
| Royalties | $0 |
| Occupancy | $541,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $245,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,281,466 |
| Insurance | $129,944 |
| All other expenses | $235,591 |
| Total functional expenses | $17,655,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,739,799 |
| Savings and temporary cash investments | $293,037 |
| Pledges and grants receivable | $393,070 |
| Accounts receivable, net | $48,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,909 |
| Prepaid expenses and deferred charges | $22,415 |
| Net Land, buildings, and equipment | $20,830,675 |
| Investments—publicly traded securities | $7,121,829 |
| Investments—other securities | $45,437 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,504,606 |
| Accounts payable and accrued expenses | $1,332,919 |
| Grants payable | $0 |
| Deferred revenue | $2,366,852 |
| Tax-exempt bond liabilities | $6,088,831 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $610,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $201,735 |
| Total liabilities | $10,600,919 |
| Net assets without donor restrictions | $13,696,840 |
| Net assets with donor restrictions | $6,206,847 |
| 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 | $30,504,606 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Mounds Park Academy has recieved totaling $184,415.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,309 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $40,300 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $33,600 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $22,822 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $15,500 |
The American Center For Philanthropy Inc Northfield, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $12,000 |
Endowment Analysis
| Beg. Balance | $5,901,903 |
| Earnings | $1,465,954 |
| Other Expense | $263,853 |
| Ending Balance | $7,104,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mc Preparatory School Of Wisconsin Inc Milwaukee, WI | $32,218,906 | $24,578,371 |
Community School Of Excellence St Paul, MN | $17,352,647 | $27,516,288 |
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |