Partnership Academy INC FY2021 filing

Tax-deductible

Richfield, MN501(c)(3)Since 2002EducationEIN 01-0701608

This page gets seen. Tell your story. Claim this org.

Partnership academy provides exceptional learning opportunities for students in grades preschool-8th grade who live in Richfield and neighboring communities of Bloomington and South Minneapolis. Students at Partnership Academy benefit from an exceptional academic program that is culturally relevant and fosters strong social and emotional wellbeing. Students have one to one device access to technology as well as opportunities to participate in extended learning through after school and summer programming.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$272K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $53K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$272K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $145K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.5M
152% of total assets
Concern: liabilities are 152% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.1M
+18% vs prior year
Spent
$8.8M
To programs
90%
Net assets
−$3.6M
By yearFY2020–FY2024
Revenue
$9.1M
FY2021▲ +18%
Revenue by fiscal year
FY2020$7.7M
FY2021$9.1M
FY2022$11.2M
FY2023$11.1M
FY2024$12.1M
FY2024$12.2M
Expenses
$8.8M
FY2021▲ +4%
Expenses by fiscal year
FY2020$8.4M
FY2021$8.8M
FY2022$11.0M
FY2023$11.4M
FY2024$12.0M
FY2024$13.8M
Net assets
−$3.6M
FY2021▼ -6%
Net assets by fiscal year
FY2020−$3.4M
FY2021−$3.6M
FY2022−$3.5M
FY2023−$1.9M
FY2024−$2.5M
FY2024−$3.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $7.9M Management & general 10% · $856K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 people listed on the 990; $272K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Exec. Director/Principal
$130,933Pt VII · Sec A
Secretary/Teacher
$55,478Pt VII · Sec A
Treasurer/Teacher
$50,586Pt VII · Sec A
$34,875Pt VII · Sec A
$0Pt VII · Sec A
Community Member
$0Pt VII · Sec A
Community Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Michael Johnson’s $142K as Executive Director is at the 13th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michael Johnson—$144,828$70,000———
Michael Johnson$141,983—————
Lisa Hendricks—$125,626$139,587$135,514$130,933$129,253
Lisa Hendricks$125,626—————
Becky Wellington—$97,608————
Jessica Arnoldi——$65,488$61,360$55,478$54,523
Christa Heiligenthal——$58,906$53,048$50,586—
Anne Olson$55,392—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Partnership Academy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers students through learning experiences and partnerships to reach their full potential.

Provided by the organization

This section is blank until Partnership Academy INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $7.9M of program spending, described in the organization's own filed words · FY2020.
01

Operation of an educational institution for approximately 530 students in grades preschool through eighth. Enrollment at the school continues to be strong and parent satisfaction is very high.

$7.9Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$145K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Gifts and grantsLn 1h$9.1M
Other incomeLn 4–11$4K
Investment incomeLn 3$7
Money outPt IX
$8.8M
Ln 25
Programscol B$7.9M
Managementcol C$856K
Owns and owesPt X
−$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$913K
Total assetsLn 16$6.9M
LiabilitiesLn 26$10.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.1M
Government grantsLn 1e$8.9M
Investment incomeLn 3$7
Other incomeLn 4–11$4K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$913K
Cash and savings togetherLn 1–2$913K
Land, buildings, equipmentLn 10c$183K
Other assetsLn 15$4.3M
Total assetsLn 16$6.9M
LiabilitiesLn 26$10.5M
Net assetsLn 32−$3.6M
OperationsPt I, VI
EmployeesI 5140
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$556K$913K
Land, buildings, equipmentLn 10c$206K$183K
Total assetsLn 16$5.1M$6.9M
LiabilitiesLn 26$8.5M$10.5M
Net assetsLn 32−$3.4M−$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$286K$201K$86K
Other salaries and wagesLn 7$4.4M$4.1M$299K
Pension plan contributionsLn 8$372K$342K$30K
Other employee benefitsLn 9$406K$347K$58K
Payroll taxesLn 10$347K$319K$28K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$55K$55K
Other fees for servicesLn 11g$584K$452K$132K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$220K$161K$59K
Information technologyLn 14$38K$15K$23K
OccupancyLn 16$801K$749K$52K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$7K$6K$819
InterestLn 20$25K$25K
Depreciation, depletion and amortizationLn 22$60K$59K$1K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$36K$24K$13K
Total functional expensesLn 25$8.8M$7.9M$856K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $12.1M$12.0M$76K−$2.5M 990 PDF
FY2023 $11.1M$11.4M−$280K−$1.9M 990 PDF
FY2022 $11.2M$11.0M$193K−$3.5M 990 PDF
FY2021 Viewing $9.1M$8.8M$389K−$3.6M 990 PDF
FY2020 $7.7M$8.4M−$641K−$3.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $9,146,310 across 5 lines filed
Lines not itemized here account for $3,594 of total revenue; see the IRS return.
VIII-1e Government grants$8,903,323
VIII-1f All other contributions, gifts and grants$239,386
VIII-1h Total contributions, gifts and grants$9,142,709
VIII-3 Investment incomeExcluded from tax $7$7
VIII-12 Total revenueRelated to mission $3,594 · Unrelated business $0 · Excluded from tax $7$9,146,310
Part IX · Statement of functional expenses $8,757,691 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $200,630 · Management $85,784$286,414
IX-7 Other salaries and wagesPrograms $4,106,527 · Management $299,099$4,405,626
IX-8 Pension plan contributionsPrograms $342,254 · Management $30,133$372,387
IX-9 Other employee benefitsPrograms $347,391 · Management $58,481$405,872
IX-10 Payroll taxesPrograms $318,954 · Management $28,321$347,275
IX-11b Legal feesManagement $8,463$8,463
IX-11c Accounting feesManagement $55,018$55,018
IX-11g Other fees for servicesPrograms $451,638 · Management $132,075$583,713
IX-12 Advertising and promotionManagement $9,571$9,571
IX-13 Office expensesPrograms $160,869 · Management $59,136$220,005
IX-14 Information technologyPrograms $15,123 · Management $22,897$38,020
IX-16 OccupancyPrograms $749,151 · Management $51,674$800,825
IX-17 TravelPrograms $1,343$1,343
IX-19 Conferences, conventions and meetingsPrograms $6,193 · Management $819$7,012
IX-20 InterestPrograms $24,544$24,544
IX-22 Depreciation, depletion and amortizationPrograms $58,943 · Management $1,451$60,394
IX-23 InsurancePrograms $29,406$29,406
IX-24 Other expenses (24a–d)Programs $1,065,334$1,065,334
IX-24e All other expensesPrograms $23,703 · Management $12,766$36,469
IX-25 Total functional expensesPrograms $7,902,003 · Management $855,688 · Fundraising $0$8,757,691
Part X · Balance sheet $6,883,815 assets, 13 lines filed
Asset lines not itemized here account for $37,876; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $555,698$912,614
X-3 Pledges and grants receivableStart of year $1,299,235$1,430,248
X-4 Accounts receivableStart of year $43,943$32,999
X-9 Prepaid expenses and deferred chargesStart of year $6,040$36,278
X-10c Land, buildings and equipment, netStart of year $205,852$182,508
X-15 Other assetsStart of year $2,911,631$4,251,292
X-16 Total assetsStart of year $5,069,662$6,883,815
X-17 Accounts payable and accrued expensesStart of year $859,809$1,015,259
X-19 Deferred revenueStart of year $43,490$42,280
X-25 Other liabilitiesStart of year $7,379,207$9,293,618
X-26 Total liabilitiesStart of year $8,457,102$10,479,051
X-32 Total net assets or fund balancesStart of year −$3,387,440−$3,595,236
X-33 Total liabilities and net assetsStart of year $5,069,662$6,883,815
Part XI · Reconciliation of net assets −$3,595,236 net assets at year end
XI-1 Total revenue$9,146,310
XI-2 Total expenses$8,757,691
XI-3 Revenue less expenses$388,619
XI-4 Net assets at start of year−$3,387,440
XI-9 Other changes in net assets−$596,415
XI-10 Net assets at end of year−$3,595,236

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.