St Croix Preparatory Academy
- Assets
- $15.4m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 244
- Location
- Stillwater, MN
- Founding
- 02/2005
- Data as of
- 06/2021
- 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 06/2021, St Croix Preparatory Academy employed 244 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 06/2021, St Croix Preparatory Academy generated $14.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $13.9m during the year ending 06/2021. While expenses have increased by 3.8% 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 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 1,190 STUDENTS IN GRADES K-12 IN FY 2020-2021. STUDENT RETENTION OVER A TEN YEAR PERIOD, AVERAGES OVER 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 29-34% HIGHER THAN THE STATE AVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Gutierrez Executive Director | Officer | 40 | $158,162 |
Joann Karetov Ls Principal | 40 | $112,644 | |
Kelly Gutierrez Executive Director Of Finance And Operations | Officer | 40 | $109,894 |
William Blotske Administration | 40 | $107,585 | |
Andrew Sachariason Us Principal | 40 | $105,625 | |
Nicole Donnay Director/teacher | Trustee | 40 | $67,983 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bergankdv Financial Management | 6/29/21 | $123,780 |
Blue Ribbon Cleaning Cleaning | 6/29/21 | $281,168 |
Egan Company Maintenance | 6/29/21 | $247,433 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,227,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,337,690 |
| Total Program Service Revenue | $388,787 |
| Investment income | $16,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,427 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,730,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $611,463 |
| Compensation of current officers, directors, key employees. | $319,456 |
| Compensation to disqualified persons | $334,695 |
| Other salaries and wages | $6,519,323 |
| Pension plan accruals and contributions | $508,172 |
| Other employee benefits | $446,650 |
| Payroll taxes | $599,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,429 |
| Fees for services: Accounting | $123,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $695,050 |
| Advertising and promotion | $0 |
| Office expenses | $863,190 |
| Information technology | $1,176 |
| Royalties | $0 |
| Occupancy | $2,144,832 |
| Travel | $52,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,844 |
| Interest | $10,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $419,182 |
| Insurance | $33,445 |
| All other expenses | $3,931 |
| Total functional expenses | $13,934,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,104,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,418,219 |
| 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 | $47,003 |
| Net Land, buildings, and equipment | $3,616,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,214,212 |
| Total assets | $15,400,325 |
| Accounts payable and accrued expenses | $762,310 |
| Grants payable | $0 |
| Deferred revenue | $81,253 |
| 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 | $183,748 |
| Unsecured mortgages and notes payable | $1,413,080 |
| Other liabilities | $13,810,790 |
| Total liabilities | $16,251,181 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$4,625,440 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,432,267 |
| Retained earnings, endowment, accumulated income, or other funds | $342,317 |
| Total liabilities and net assets/fund balances | $15,400,325 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that St Croix Preparatory Academy has recieved totaling $46,373.
| Awarding Organization | Amount |
|---|---|
Minnesota Twins Community Fund Minneapolis, MN PURPOSE: FIELDS FOR KIDS | $15,000 |
Friends Of Education Minnetonka, MN PURPOSE: GENERAL SUPPORT | $12,278 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,181 |
Greystone Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hmong Academy St Paul, MN | $37,890,238 | $35,478,590 |
Carmen High School Of Science And Technology Inc Milwaukee, WI | $26,487,634 | $24,006,774 |
Lionsgate Academy Minnetonka, MN | $8,728,304 | $20,147,818 |
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Twin Cities International Schools Minneapolis, MN | $10,477,770 | $17,272,708 |
Eagle Ridge Academy Minnetonka, MN | $14,507,492 | $16,854,949 |
Lakes International Language Academy Forest Lake, MN | $12,188,611 | $15,744,589 |
Parnassus Preparatory School Maple Grove, MN | $11,987,253 | $16,239,729 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Seven Hills Preparatory Academy Bloomington, MN | $12,008,176 | $15,420,403 |
St Croix Preparatory Academy Stillwater, MN | $15,400,325 | $14,730,120 |
Athlos Leadership Academy Brooklyn Park, MN | $8,310,126 | $14,353,758 |