Rochester Beacon Academy
- Assets
- $1.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 44
- Location
- Rochester, MN
- Founding
- 09/2013
- Data as of
- 06/2023
- EIN
- 45-4835348
Organization Overview
Rochester Beacon Academy is located in Rochester, MN. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Rochester Beacon Academy employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Beacon 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 06/2023, Rochester Beacon Academy generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE LEARNING ENVIRONMENT IN A SECONDARY SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECONDARY EDUCATION-ROCHESTER BEACON ACADEMY (RBA) WORKS TO PROVIDE EQUAL OPPORTUNITIES FOR STUDENTS GRADES 6-12 IN WHICH ACADEMIC ACHIEVEMENT OCCURS SERVING APPROXIMATELY 88 STUDENTS IN FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanne Breitenbach Chair | OfficerTrustee | 1 | $0 |
Pam Johnson Chair | OfficerTrustee | 1 | $0 |
Crystal Heim Vice Chair | OfficerTrustee | 1 | $0 |
Dean Frank Vice Chair | OfficerTrustee | 1 | $0 |
Evin Lantz Treasurer | OfficerTrustee | 1 | $0 |
Kate Dullard Gustafson Secretary/chair/teacher | OfficerTrustee | 40 | $51,203 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presence Learning Inc Special Education Services | 6/29/23 | $142,795 |
Nova Education Consultants Special Education Services | 6/29/23 | $116,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,327,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,336,414 |
| Total Program Service Revenue | $17,919 |
| Investment income | $3,722 |
| 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 | $2,904 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,360,959 |
| 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. | $397,149 |
| Compensation of current officers, directors, key employees. | $102,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $976,670 |
| Pension plan accruals and contributions | $79,615 |
| Other employee benefits | $76,972 |
| Payroll taxes | $118,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,200 |
| Fees for services: Accounting | $13,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,893 |
| Advertising and promotion | $0 |
| Office expenses | $88,630 |
| Information technology | $3,711 |
| Royalties | $0 |
| Occupancy | $150,592 |
| Travel | $3,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,322 |
| Interest | $213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,446 |
| Insurance | $11,686 |
| All other expenses | $0 |
| Total functional expenses | $2,261,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $676,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,836 |
| 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 | $30,896 |
| Net Land, buildings, and equipment | $5,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $717,991 |
| Total assets | $1,684,413 |
| Accounts payable and accrued expenses | $192,318 |
| Grants payable | $0 |
| Deferred revenue | $731 |
| 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 | $2,596,045 |
| Total liabilities | $2,789,094 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,121,463 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,777 |
| Retained earnings, endowment, accumulated income, or other funds | $11,005 |
| Total liabilities and net assets/fund balances | $1,684,413 |