Saint Ambrose Academy
- Assets
- $2.6m
- Revenue
- $3.0m
- Investments
- $1.0
- Employees
- 26
- Location
- Madison, WI
- Founding
- 08/2003
- Data as of
- 07/2021
- EIN
- 75-3091931
Organization Overview
Saint Ambrose Academy is located in Madison, WI. The organization was established in 2003. 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 07/2021, Saint Ambrose Academy employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Ambrose 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 07/2021, Saint Ambrose Academy generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.6m during the year ending 07/2021. While expenses have increased by 10.3% 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
A PRIVATE EDUCATIONAL INSTITUTION FAITHFUL TO THE TEACHINGS OF THE CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOLING SERVICES: ST. AMBROSE ACADEMY IS AN INDEPENDENT, CATHOLIC JUNIOR AND SENIOR HIGH SCHOOL. THE ACADEMY USES A VERY RIGOROUS COLLEGE PREPARATORY CURRICULUM FOCUSED UPON THE CLASSICS OF WESTERN LITERATURE, PHILOSOPHY, AND CATHOLIC WRITINGS. CURRICULUM ALSO INCLUDES LATIN, CORE SCIENCES, AND MATH.
READING INSTITUTE: ST. AMBROSE ACADEMY READING INSTITUTE ASSISTS CATHOLIC SCHOOLS IN ASSESSING STUDENTS FOR DYSLEXIA, AND INSTITUTING IN-SCHOOL TUTORING TO HELP DYSLEXIC STUDENTS. THE READING INSTITUTE WAS OFF OF OUR BOOKS IN OCTOBER 2020 AND BECAME A NEW INSTITUTION ON THEIR OWN :"LEARNING ATRIUM".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schmiesing Principal And Business Manager | Officer | 40 | $63,360 |
Ken Ballweg President | OfficerTrustee | 2 | $0 |
Rick Mills Vice President (from June) | OfficerTrustee | 5 | $0 |
David Stiennon Secretary | OfficerTrustee | 5 | $0 |
Katie Haun Vice President (thru June) | OfficerTrustee | 2 | $0 |
Diane Marsland Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,496 |
| Related organizations | $0 |
| Government grants | $163,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,833,406 |
| Noncash contributions included in lines 1a–1f | $667,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,057,502 |
| Total Program Service Revenue | $960,487 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,355 |
| Net Income from Fundraising Events | -$31,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,105 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,998,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,896 |
| Grants and other assistance to domestic individuals. | $261,033 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,556 |
| Compensation of current officers, directors, key employees. | $85,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,070 |
| Payroll taxes | $59,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,497 |
| Fees for services: Accounting | $11,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,134 |
| Advertising and promotion | $17,173 |
| Office expenses | $25,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,542 |
| Insurance | $13,793 |
| All other expenses | $7,854 |
| Total functional expenses | $1,608,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,679,417 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $872,941 |
| Accounts receivable, net | $687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,168 |
| Prepaid expenses and deferred charges | $24,946 |
| Net Land, buildings, and equipment | $50,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,638,464 |
| Accounts payable and accrued expenses | $19,806 |
| Grants payable | $0 |
| Deferred revenue | $10,568 |
| 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 | $30,374 |
| Net assets without donor restrictions | $280,616 |
| Net assets with donor restrictions | $2,327,474 |
| 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 | $2,638,464 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Ambrose Academy has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Nelson G And Vera C Hicks Charitable Foundation Madison, WI PURPOSE: GENERAL FUNDING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Roeper City & Country School Inc Bloomfield Hills, MI | $31,989,087 | $17,945,828 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Tri-County Council For Child Development Paw Paw, MI | $1,444,803 | $12,083,268 |