Flex Academy Of Minnesota
- Assets
- $0.0
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Richfield, MN
- Founding
- Data as of
- 06/2017
- EIN
- 46-2643107
Organization Overview
Flex Academy Of Minnesota is located in Richfield, MN. As of 06/2017, Flex Academy Of Minnesota employed 20 individuals. Flex Academy 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 06/2017, Flex Academy Of Minnesota generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.5m during the year ending 06/2017. While expenses have increased by 6.0% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
IT IS OUR MISSION TO PREPARE A DIVERSE COMMUNITY OF STUDENTS TO BE SUCCESSFUL IN COLLEGE AND CAREERS BY PROVIDING A FLEXIBLE BLENDED LEARNING EXPERIENCE THAT DEVELOPS ANALYTICAL, COMPASSIONATE AND DISCIPLINED SELF-DIRECTED LEARNERS. FLEX ACADEMY WELCOMES ALL LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
* DATA-DRIVEN INSTRUCTION AND EFFECTIVE ACADEMIC PROGRAMS * EMPHASIS ON ADDITIONAL SMALL GROUP AND ONE-ON-ONE INSTRUCTION * ENRICHMENT AND REMEDIATION FOR STRUGGLING STUDENTS * EXTRACURRICULAR CLUBS: CHOIR, MINECRAFT, SCI-GIRLS, NEWSPAPER, AND RUSSIAN CLUB * STUDENT LEADERSHIP COUNCIL COMPOSED OF 7 STUDENT LEADERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Norsted Board Chair | OfficerTrustee | 2 | $0 |
Jonathan Hill Treasurer | OfficerTrustee | 1 | $0 |
Michelle Ford Secretary | OfficerTrustee | 0.5 | $0 |
David Rhude Board Member | Trustee | 0.5 | $0 |
Danielle Barr Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brixmor Spe 1 Llc Building Rental | 6/29/17 | $389,412 |
Teacher On Call Temp Employee Services | 6/29/17 | $151,836 |
Monarch Transportation Transportation | 6/29/17 | $202,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $878,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $878,140 |
| Total Program Service Revenue | $1,673,812 |
| 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 | $2,551,952 |
| 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 | $237,881 |
| Pension plan accruals and contributions | $13,218 |
| Other employee benefits | $33,763 |
| Payroll taxes | $18,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $697,589 |
| Advertising and promotion | $0 |
| Office expenses | $1,006 |
| Information technology | $12,450 |
| Royalties | $0 |
| Occupancy | $913,588 |
| Travel | $1,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,605 |
| Insurance | $15,225 |
| All other expenses | $0 |
| Total functional expenses | $2,469,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Duluth Regional Care Center Inc Duluth, MN | $17,149,445 | $20,614,667 |