Gentry Academy
- Assets
- $7.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 24
- Location
- Vadnais Heights, MN
- Founding
- Data as of
- 06/2022
- EIN
- 85-1266360
Organization Overview
Gentry Academy is located in Vadnais Heights, MN. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Gentry Academy employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gentry Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING TOMORROW'S LEADERS! AT THE CORE OF GENTRY ACADEMY'S ABILITY TO BUILD GREAT LEADERS IS THE PHILOSOPHY THAT TRUE LEADERSHIP DOES NOT COME FROM A SINGLE CHARACTERISTIC BUT RATHER A COLLECTION OF TRAITS, VALUES AND SKILLS THAT WORK TOGETHER. IT IS GENTRY ACADEMY'S MISSION TO STRIVE TO BRING TOGETHER THIS COLLECTION OF TRAITS, VALUES AND SKILLS ON A DAILY BASIS SO AS TO HELP THE STUDENTS ACHIEVE THEIR BEST POSSIBLE SELF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENTRY ACADEMY HAD AN ENROLLMENT OF APPROXIMATELY 294 STUDENTS FOR THE 2021-2022 SCHOOL YEAR IN GRADES K - 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kurth Executive Director | Officer | 40 | $51,001 |
Megan Stone Member/leadership Director | Trustee | 40 | $39,001 |
Ellie Neumann Secretary/teacher | OfficerTrustee | 40 | $24,720 |
Nikki Foley Board Chair | OfficerTrustee | 5 | $0 |
Beau Mcgraw Vice Chair | OfficerTrustee | 1 | $0 |
Joe Norlin Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,239,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,245,100 |
| Total Program Service Revenue | $1,268,001 |
| 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 | $4,616,794 |
| 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. | $229,494 |
| Compensation of current officers, directors, key employees. | $41,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,056,010 |
| Pension plan accruals and contributions | $105,722 |
| Other employee benefits | $84,852 |
| Payroll taxes | $95,068 |
| 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 | $563,127 |
| Advertising and promotion | $0 |
| Office expenses | $219,588 |
| Information technology | $20,920 |
| Royalties | $0 |
| Occupancy | $183,060 |
| Travel | $4,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,136 |
| Insurance | $28,126 |
| All other expenses | $0 |
| Total functional expenses | $4,245,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $287,119 |
| Accounts receivable, net | $10,330 |
| 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 | $7,433 |
| Net Land, buildings, and equipment | $6,557,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,920 |
| Total assets | $7,273,731 |
| Accounts payable and accrued expenses | $214,123 |
| Grants payable | $0 |
| Deferred revenue | $6,427 |
| 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 | $6,682,277 |
| Total liabilities | $6,902,827 |
| Net assets without donor restrictions | $334,795 |
| Net assets with donor restrictions | $36,109 |
| 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 | $7,273,731 |
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