Noble Academy
- Assets
- $14.8m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 118
- Location
- Brooklyn Park, MN
- Founding
- 11/2007
- Data as of
- 06/2021
- EIN
- 87-0790480
Organization Overview
Noble Academy is located in Brooklyn Park, MN. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Noble Academy employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noble 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, Noble Academy generated $12.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $10.8m during the year ending 06/2021. While expenses have increased by 6.9% 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
TO PROVIDE QUALITY, RELEVANT AND MULTICULTURAL EDUCATION FOR ALL STUDENTS WHICH MEETS THE INTELLECTUAL, CREATIVE, AND SOCIAL NEEDS OF EACH CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOBLE ACADEMY PROVIDED A HIGH QUALITY EDUCATION TO STUDENTS GRADES PRE-K THROUGH EIGTH DURING THE FISCAL YEAR ENDED JUNE 30, 2021. AS A RESULT, ENROLLMENT HAS REMAINED STRONG AND THE SCHOOL HAS MAINTAINED FINANCIAL STABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mai Yia Chang Superintendent | 41 | $243,931 | |
Neal Thao CEO | Officer | 40 | $213,931 |
Denise Cook Former Member | 40 | $52,774 | |
Leng Vang Chair | OfficerTrustee | 40 | $51,802 |
Chai Vang Treasurer | OfficerTrustee | 40 | $50,401 |
Samantha Stewart Former Member | 40 | $27,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ckc Good Food Food Service | 6/29/21 | $791,831 |
Pride Transportation Bus Services Llc Student Transportation | 6/29/21 | $375,785 |
Northstar Bus Lines Student Transportation | 6/29/21 | $160,751 |
Mtn - Metropolitan Transportation Student Transportation | 6/29/21 | $234,255 |
Horace Mann Insurance Company Insurance | 6/29/21 | $143,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,857,889 |
| All other contributions, gifts, grants, and similar amounts not included above | $5 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,857,894 |
| Total Program Service Revenue | $263 |
| Investment income | $10,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,839,269 |
| 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. | $842,659 |
| Compensation of current officers, directors, key employees. | $634,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,484,564 |
| Pension plan accruals and contributions | $804,085 |
| Other employee benefits | $594,079 |
| Payroll taxes | $226,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $160,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,703 |
| Advertising and promotion | $36,949 |
| Office expenses | $395,419 |
| Information technology | $0 |
| Royalties | $2,176,506 |
| Occupancy | $214,316 |
| Travel | $516,212 |
| 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 | $343,660 |
| Insurance | $52,759 |
| All other expenses | $43,098 |
| Total functional expenses | $10,791,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,721,907 |
| Savings and temporary cash investments | $561,449 |
| Pledges and grants receivable | $1,806,770 |
| Accounts receivable, net | $0 |
| 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 | $68,892 |
| Net Land, buildings, and equipment | $1,651,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,016,130 |
| Total assets | $14,827,066 |
| Accounts payable and accrued expenses | $454,446 |
| Grants payable | $0 |
| Deferred revenue | $27,600 |
| 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 | $8,068,975 |
| Total liabilities | $8,551,021 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,316,608 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,651,918 |
| Retained earnings, endowment, accumulated income, or other funds | $307,519 |
| Total liabilities and net assets/fund balances | $14,827,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mc Preparatory School Of Wisconsin Inc Milwaukee, WI | $32,218,906 | $24,578,371 |
Community School Of Excellence St Paul, MN | $17,352,647 | $27,516,288 |
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Standing Rock Community Grant School Fort Yates, ND | $17,002,924 | $14,288,847 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |
Beacon Academy Crystal, MN | $5,469,878 | $9,230,402 |
North Lakes Academy Forest Lake, MN | $4,392,458 | $7,717,810 |
Academy Of Excellence Milwaukee, WI | $6,806,704 | $9,684,188 |
Crazy Horse School Wanblee, SD | $8,972,836 | $11,288,787 |