Northwestern Academy Of Homeopathy Incorporated
- Assets
- $26.3k
- Revenue
- $234.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Edina, MN
- Founding
- 03/2004
- Data as of
- 06/2024
- EIN
- 41-1771831
Organization Overview
Northwestern Academy Of Homeopathy Incorporated is located in Edina, MN. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Northwestern Academy Of Homeopathy Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern Academy Of Homeopathy Incorporated 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 06/2024, Northwestern Academy Of Homeopathy Incorporated generated $234.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $257.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A TRAINING PROGRAM IN THE AREA OF HOMEOPATHY. THE CURRICULUM RANGES FROM BASIC INTRODUCTION TO ADVANCED CLINICAL COURSES OVER A FOUR YEAR PERIOD
OTHER RELATED SERVICES.
HOMEOPATHY COMMUNITY CLINIC - OFFERING LOW - COST HOMEOPATHIC CLINIC TO THE GENERAL PUBLIC. THE CLINIC IS STAGGED BY ADVANCE STUDENT PRACTITIONERS AND GRADUATES AND SUPERVISED BY FACULTY. CLINIC - AS PART OF THE EDUCATIONAL AND TRAINING PROCESS, THE STUDENTS PERFORM HOMEOPATHIC SERVICES FOR PATIENTS
STUDENT CLINIC - AS PART OF THE EDUCATIONAL AND TRAINING PROCESS, THE SRUDENTS PERFORM HOMEOPATHIC SERVICES FOR PATIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Previous Program Dire | Officer | $0 | |
Previous Program Dire | Officer | $0 | |
Valerie Ohanian Treasurer | OfficerTrustee | $0 | |
Jason-Aeric Huenecke Vice Preside | OfficerTrustee | $0 | |
Laurie Dack Secretary | OfficerTrustee | $0 | |
Vivian Johnson Board Member | Trustee | $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 | $4,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,011 |
| Total Program Service Revenue | $172,707 |
| Investment income | $1,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,278 |
| 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 | $234,467 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,847 |
| Advertising and promotion | $7,706 |
| Office expenses | $5,379 |
| Information technology | $3,977 |
| Royalties | $0 |
| Occupancy | $68,334 |
| Travel | $1,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $952 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,087 |
| All other expenses | $50 |
| Total functional expenses | $257,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,247 |
| 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 | $9,271 |
| Net Land, buildings, and equipment | -$68,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $30,894 |
| Intangible assets | $0 |
| Other assets | $874 |
| Total assets | $26,251 |
| Accounts payable and accrued expenses | $29 |
| Grants payable | $0 |
| Deferred revenue | $30,898 |
| 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 | $17,727 |
| Total liabilities | $48,654 |
| Net assets without donor restrictions | -$48,654 |
| Net assets with donor restrictions | $26,251 |
| 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 | $26,251 |