Eagle Ridge Academy
- Assets
- $14.5m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 247
- Location
- Minnetonka, MN
- Founding
- 07/2004
- Data as of
- 06/2021
- EIN
- 73-1673656
Organization Overview
Eagle Ridge Academy is located in Minnetonka, 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, Eagle Ridge Academy employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eagle Ridge 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, Eagle Ridge Academy generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $16.2m during the year ending 06/2021. While expenses have increased by 10.0% 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 STUDENTS WITH A TRADITIONAL, CLASSICAL EDUCATION TO STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STUDENTS WITH A TRADITIONAL, CLASSICAL, EDUCATION THAT DEMANDS THEIR BEST IN ACADEMIC ACHIEVEMENT, BEHAVIOR, AND ATTITUDES WHILE CHALLENGING THEM TO ATTAIN THEIR HIGHEST POTENTIAL. DURING THE FISCAL YEAR ENDED JUNE 30, 2021 EAGLE RIDGE ACADEMY SERVED AN ESTIMATED 1,403 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Ulbrich Executive Director | Officer | 50 | $137,834 |
Janelle Mellgren Principal Of School And Grammar | 40 | $100,082 | |
April Grabanski Board Member | OfficerTrustee | 44 | $69,593 |
Anne Bartow Secretary | OfficerTrustee | 42 | $57,020 |
Clare Murray Vice Chair | OfficerTrustee | 45 | $56,108 |
Jeff Magnuson Board Member/teacher | Trustee | 42 | $53,736 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cadan Technologies Technology Services | 6/29/21 | $640,530 |
Universal Cleaning Services Inc Janitorial Services | 6/29/21 | $387,557 |
Metropolitan Transportation Network Inc Student Transportation | 6/29/21 | $849,809 |
Taher Inc Food Service | 6/29/21 | $252,629 |
Managed Services Inc Technology Services | 6/29/21 | $197,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,242,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,470,412 |
| Total Program Service Revenue | $307,252 |
| Investment income | $5,360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,430 |
| 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 | $16,854,949 |
| 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. | $553,224 |
| Compensation of current officers, directors, key employees. | $174,441 |
| Compensation to disqualified persons | $144,957 |
| Other salaries and wages | $7,118,153 |
| Pension plan accruals and contributions | $596,004 |
| Other employee benefits | $910,240 |
| Payroll taxes | $568,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,246 |
| Fees for services: Accounting | $141,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $454,967 |
| Advertising and promotion | $0 |
| Office expenses | $212,670 |
| Information technology | $662,741 |
| Royalties | $0 |
| Occupancy | $2,788,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,913 |
| Interest | $1,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,314 |
| Insurance | $62,256 |
| All other expenses | $236,977 |
| Total functional expenses | $16,155,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,995 |
| Savings and temporary cash investments | $6,224,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,421,137 |
| 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 | $144,627 |
| Net Land, buildings, and equipment | $909,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,558,227 |
| Total assets | $14,507,492 |
| Accounts payable and accrued expenses | $1,174,526 |
| Grants payable | $0 |
| Deferred revenue | $117,165 |
| 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 | $12,843 |
| Unsecured mortgages and notes payable | $1,761,273 |
| Other liabilities | $15,067,264 |
| Total liabilities | $18,133,071 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$4,521,955 |
| Paid-in or capital surplus, or land, building, or equipment fund | $896,376 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,507,492 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eagle Ridge Academy has recieved totaling $17,750.
| Awarding Organization | Amount |
|---|---|
Friends Of Education Minnetonka, MN PURPOSE: GENERAL SUPPORT | $17,750 |
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 |