Prairie Seeds Academy
- Assets
- $11.9m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 123
- Location
- Brooklyn Park, MN
- Founding
- 12/2004
- Data as of
- 06/2021
- EIN
- 65-1216244
Organization Overview
Prairie Seeds Academy is located in Brooklyn Park, MN. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Prairie Seeds Academy employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Seeds 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, Prairie Seeds Academy generated $14.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $13.0m during the year ending 06/2021. While expenses have increased by 5.7% 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
PROVIDE EDUCATIONAL PROGRAMS FOR GRADES K-12 IN COMPLIANCE WITH MINNESOTA PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAIRIE SEEDS ACADEMY, IN COOPERATION WITH FAMILIES AND THE COMMUNITY, PROVIDES LEADERSHIP IN RIGOROUS EDUCATION TO DEVELOP INQUIRING, KNOWLEDGEABLE, AND CARING CITIZENS WHO HELP CREATE A BETTER AND MORE PEACEFUL WORLD THROUGH INTERCULTURAL UNDERSTANDING AND RESPECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Choua Lee Yang Former Principal | 40 | $212,758 | |
Chelsea Roering Treasurer | OfficerTrustee | 2 | $58,894 |
Rasamee Vang Teacher/board Member | Trustee | 40 | $47,309 |
Zha Blong Xiong Vice Chair | OfficerTrustee | 2 | $0 |
Becky Buckley Board Chair | OfficerTrustee | 2 | $0 |
Kadie Dickey Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ckc Good Food Food Service | 6/29/18 | $461,455 |
Hmong American Partnership Business Mgmt Services | 6/29/18 | $254,567 |
Northstar Bus Lines Llc Transportation | 6/29/18 | $240,567 |
Thrive Education Business Mgmt Services | 6/29/18 | $270,630 |
Teaching Temps Inc Substitutes | 6/29/18 | $156,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,282,639 |
| 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 | $14,282,639 |
| Total Program Service Revenue | $70,624 |
| Investment income | $7,866 |
| 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 | $14,361,129 |
| 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. | $278,033 |
| Compensation of current officers, directors, key employees. | $197,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,121,374 |
| Pension plan accruals and contributions | $750,991 |
| Other employee benefits | $698,398 |
| Payroll taxes | $372,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $118,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $323,102 |
| Advertising and promotion | $32,825 |
| Office expenses | $0 |
| Information technology | $61,714 |
| Royalties | $1,633,459 |
| Occupancy | $197,839 |
| Travel | $149,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,374 |
| Insurance | $54,324 |
| All other expenses | $93,690 |
| Total functional expenses | $12,971,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,377 |
| Savings and temporary cash investments | $6,069,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,955,908 |
| 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 | $137,410 |
| Net Land, buildings, and equipment | $1,187,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,506,377 |
| Total assets | $11,928,237 |
| Accounts payable and accrued expenses | $1,082,476 |
| 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 | $8,776,981 |
| Total liabilities | $9,859,457 |
| Net assets without donor restrictions | $0 |
| 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 | $1,187,197 |
| Retained earnings, endowment, accumulated income, or other funds | $881,583 |
| Total liabilities and net assets/fund balances | $11,928,237 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Prairie Seeds Academy has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |