St Croix Preparatory Academy
- Assets
- $15.0m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 265
- Location
- Stillwater, MN
- Founding
- 02/2005
- Data as of
- 06/2022
- EIN
- 90-0103622
Organization Overview
St Croix Preparatory Academy is located in Stillwater, MN. The organization was established in 2005. 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, St Croix Preparatory Academy employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix Preparatory 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 06/2022, St Croix Preparatory Academy generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $14.9m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP EACH STUDENT'S ACADEMIC POTENTIAL, PERSONAL CHARACTER AND LEADERSHIP QUALITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCPA IS A PUBLIC SCHOOL SERVING APPROXIMATELY 1,165 STUDENTS IN GRADES K-12 IN FY 2021-2022. STUDENT RETENTION OVER A TEN YEAR PERIOD, AVERAGES 96% (BECAUSE THE SCHOOL IS A SCHOOL OF PARENT CHOICE, THE BOARD INTERPOLATES A PARENT SATISFACTION RATE OF 96% AS WELL); FACULTY RETENTION, OVER A FIVE YEAR PERIOD, AVERAGES OVER 86%; AVERAGE STATE STANDARDIZED TEST SCORES ARE 30-34% HIGHER THAN THE STATE AVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Nicole Donnay Director/teacher | Trustee | 42 | $76,486 |
Angela Galati Schumacher Director/teacher | Trustee | 42 | $56,230 |
Deborah Keyes Director/teacher | Trustee | 42 | $45,614 |
Bob Hajlo Chair | OfficerTrustee | 2 | $0 |
Shane Mueller Vice Chair | OfficerTrustee | 2 | $0 |
Kristen Denzer Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bergankdv Accounting Services | 6/29/22 | $124,650 |
Blue Ribbon Cleaning Cleaning | 6/29/22 | $289,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,350 |
| Related organizations | $0 |
| Government grants | $15,586,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,882,302 |
| Total Program Service Revenue | $700,919 |
| Investment income | $20,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,106 |
| Net Gain/Loss on Asset Sales | -$107,939 |
| Net Income from Fundraising Events | -$37,976 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,489,737 |
| 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. | $568,264 |
| Compensation of current officers, directors, key employees. | $351,458 |
| Compensation to disqualified persons | $369,868 |
| Other salaries and wages | $6,940,521 |
| Pension plan accruals and contributions | $545,389 |
| Other employee benefits | $435,336 |
| Payroll taxes | $590,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,480 |
| Fees for services: Accounting | $125,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $923,352 |
| Advertising and promotion | $0 |
| Office expenses | $970,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,195,438 |
| Travel | $105,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,287 |
| Interest | $7,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $529,627 |
| Insurance | $42,756 |
| All other expenses | $4,997 |
| Total functional expenses | $14,900,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,656,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,809,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,287 |
| Prepaid expenses and deferred charges | $111,472 |
| Net Land, buildings, and equipment | $3,738,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,644,493 |
| Total assets | $14,964,149 |
| Accounts payable and accrued expenses | $865,343 |
| Grants payable | $0 |
| Deferred revenue | $70,072 |
| 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 | $76,246 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,878,110 |
| Total liabilities | $13,889,771 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,108,825 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,678,218 |
| Retained earnings, endowment, accumulated income, or other funds | $504,985 |
| Total liabilities and net assets/fund balances | $14,964,149 |