Gentry Academy
- Assets
- $7.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Vadnais Heights, MN
- Founding
- Data as of
- 06/2023
- 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 06/2023, Gentry Academy employed 42 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.
For the year ending 06/2023, Gentry Academy generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $5.4m during the year ending 06/2023. 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
2023
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 FUTURE 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 295 STUDENTS FOR THE 2022-2023 SCHOOL YEAR IN GRADES 5-12.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Foley Board Chair | OfficerTrustee | 5 | $0 |
Beau Mcgraw Vice Chair | OfficerTrustee | 1 | $0 |
Ellie Neumann Secretary/teacher | OfficerTrustee | 40 | $51,912 |
Joe Norlin Treasurer | OfficerTrustee | 3 | $0 |
Samuel Fellows Member | Trustee | 1 | $0 |
Megan Stone Member/leadership Director | Trustee | 40 | $75,705 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Voigt Bus Companies Transportation | 6/29/23 | $193,018 |
Done Right Food Service Vendor | 6/29/23 | $168,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,216,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,230,230 |
| Total Program Service Revenue | $1,060,659 |
| 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 | $4,307,629 |
| 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. | $318,370 |
| Compensation of current officers, directors, key employees. | $48,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,224,453 |
| Pension plan accruals and contributions | $1,117,303 |
| Other employee benefits | $85,805 |
| Payroll taxes | $112,285 |
| 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 | $613,878 |
| Advertising and promotion | $0 |
| Office expenses | $133,043 |
| Information technology | $22,127 |
| Royalties | $0 |
| Occupancy | $182,702 |
| Travel | $3,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $144,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,018 |
| Insurance | $36,872 |
| All other expenses | $0 |
| Total functional expenses | $5,361,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $279,516 |
| Accounts receivable, net | $7,339 |
| 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 | $11,521 |
| Net Land, buildings, and equipment | $5,878,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $705,063 |
| Total assets | $7,159,249 |
| Accounts payable and accrued expenses | $141,464 |
| Grants payable | $0 |
| Deferred revenue | $14,935 |
| 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 | $7,686,219 |
| Total liabilities | $7,842,618 |
| Net assets without donor restrictions | -$707,746 |
| Net assets with donor restrictions | $24,377 |
| 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 | $7,159,249 |