Technical Academies Of Minnesota
- Assets
- $2.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 42
- Location
- Willmar, MN
- Founding
- 05/2013
- Data as of
- 06/2022
- EIN
- 46-0977989
Organization Overview
Technical Academies Of Minnesota is located in Willmar, MN. The organization was established in 2013. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Technical Academies Of Minnesota employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technical Academies Of Minnesota 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, Technical Academies Of Minnesota generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 3.6% 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
THE MISSION OF TAM IS TO PROVIDE A STUDENT-DIRECTED LEARNING ENVIRONMENT THAT IS CHALLENGING, DEMOCRATIC, REFLECTIVE, JOYFUL AND HOPEFUL. STUDENTS' UNIQUE DEVELOPMENTAL NEEDS AND CAPACITIES ARE APPRECIATED AND EVERY STUDENT IS VALUED AS A WHOLE HUMAN BEING-HEART, MIND, BODY AND SOUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAM IS WHERE EVERY STUDENT LEARNS, DISCOVERS, CREATES AND INSPIRES TO MAKE THE WORLD A BETTER PLACE. DURING THE YEAR WE PROVIDED BENEFITS TO APPROXIMATELY 115 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammie Knick Board Chair | OfficerTrustee | 2 | $61,872 |
Dawn Nuss Treasurer | OfficerTrustee | 2 | $60,981 |
Ashley Lucas Vice Chair | OfficerTrustee | 2 | $19,775 |
Bridgett Ouren Recorder | OfficerTrustee | 2 | $0 |
Lynn Stiehm Parent Member | Trustee | 2 | $0 |
Nina Sanford Teacher Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,529,386 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,547,006 |
| Total Program Service Revenue | $6,192 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,553,303 |
| 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. | $245,398 |
| Compensation of current officers, directors, key employees. | $12,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $882,038 |
| Pension plan accruals and contributions | $159,399 |
| Other employee benefits | $160,039 |
| Payroll taxes | $82,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,475 |
| Fees for services: Accounting | $1,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,735 |
| Advertising and promotion | $0 |
| Office expenses | $7,194 |
| Information technology | $51,613 |
| Royalties | $0 |
| Occupancy | $279,692 |
| Travel | $27,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,678 |
| Insurance | $18,014 |
| All other expenses | $15,713 |
| Total functional expenses | $2,242,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,074,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $298,956 |
| Accounts receivable, net | $1,061 |
| 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 | $53,571 |
| Net Land, buildings, and equipment | $534,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $610,171 |
| Total assets | $2,571,849 |
| Accounts payable and accrued expenses | $198,752 |
| Grants payable | $0 |
| Deferred revenue | $3,248 |
| 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 | $2,302,024 |
| Total liabilities | $2,504,024 |
| Net assets without donor restrictions | $67,825 |
| Net assets with donor restrictions | $0 |
| 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 | $2,571,849 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Technical Academies Of Minnesota has recieved totaling $29,772.
| Awarding Organization | Amount |
|---|---|
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $22,500 |
Tickets For Kids Foundation Pittsburgh, PA PURPOSE: TO PROVIDE TICKETS TO EVENTS FOR UNDERPRIVILEGED CHILDREN AND THEIR FAMILIES | $7,272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Wayland Academy Beaver Dam, WI | $38,778,158 | $5,826,900 |
Math And Science Academy Woodbury, MN | $4,903,401 | $5,823,529 |
Transcenter For Youth Inc Milwaukee, WI | $3,574,936 | $5,873,696 |
Highland Community School Inc Milwaukee, WI | $5,222,011 | $5,260,055 |