Twin Cities Academy FY2020 filing

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$404K 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $256K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$404K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.3M
112% of total assets
Concern: liabilities are 112% 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
$9.2M
Spent
$8.8M
To programs
91%
Net assets
−$1.2M
By yearFY2020–FY2025
Revenue
$9.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.2M
FY2021$9.4M
FY2022$9.7M
FY2023$9.9M
FY2024$10.6M
FY2025$10.6M
Expenses
$8.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.8M
FY2021$8.8M
FY2022$9.9M
FY2023$9.9M
FY2024$10.2M
FY2025$10.5M
Net assets
−$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.2M
FY2021−$1.1M
FY2022−$1.1M
FY2023−$733K
FY2024$174K
FY2025$517K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2004.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $8.0M Management & general 9% · $784K

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

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Who runs it and what they're paid

9 people listed on the 990; $404K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal/Director
$123,586Pt VII · Sec A
Curriculm Director
$113,024Pt VII · Sec A
Board Member
$59,314Pt VII · Sec A
Secretary
$59,203Pt VII · Sec A
Board Member
$49,369Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Elizabeth Lueth’s $145K as Executive Director is at the 14th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elizabeth Lueth$145,210$145,598————
Betsy Lueth——$143,819$140,521$136,372—
Betsy Lueth Id23—————$123,586
Clifford Skagen—————$113,024
Andrew Ng——$75,677$66,976$64,396$59,203
Lisa Dennis$72,584$68,376$63,612$61,280——
Erin Enquist$60,638$67,938$70,178$55,369——
Alexandra Howes———$67,683$63,535$59,314

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 Twin Cities Academy executive salaries →

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

Programs and updates

Educates students in grades six through twelve, serving approximately 515 students annually.

Questions for Twin Cities Academy

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1 program · $8.0M · in their own filed words · FY2019
01

Twin cities academy provides a comprehensive program of instruction to students in grades six through twelve. During the fiscal year ended june 30, 2020, twin cities academy served an estimated 587 students.

$8.0Mprogram expense

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 1 funder$6K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2024 · $913K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Minnesota Department of Education$317K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Minnesota Department of Education$207K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Minnesota Department of Education$173K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Minnesota Department of Education$115K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Minnesota Department of Education$53K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $1.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Minnesota Department of Education$1.0M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Minnesota Department of Education$169K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Minnesota Department of Education$161K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Minnesota Department of Education$128K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Minnesota Department of Revenue$74K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $1.2M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Minnesota Department of Education$585K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Minnesota Department of Education$192K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Minnesota Department of Education$161K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Minnesota Department of Education$110K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Minnesota Department of Education$50K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2021 · $1.0M federal money spent
Summer Food Service Program for ChildrenDepartment of Agriculture · ALN 10.559 · Through Minnesota Department of Education$261K
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Minnesota Department of Education$258K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Minnesota Department of Education$178K
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Minnesota Department of Education$155K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Minnesota Department of Education$115K

Plus 4 smaller programs.

The auditor reported 7 findings: a weakness in money controls.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Gifts and grantsLn 1h$9.1M
Fees for servicesLn 2g$168K
Money outPt IX
$8.8M
Ln 25
Programscol B$8.0M
Managementcol C$784K
Owns and owesPt X
−$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$10.1M
LiabilitiesLn 26$11.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.1M
Government grantsLn 1e$9.0M
Fees for servicesLn 2g$168K
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
Accounts receivableLn 4$773K
Prepaid expenses and deferred chargesLn 9$104K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$6.5M
Total assetsLn 16$10.1M
LiabilitiesLn 26$11.3M
Net assetsLn 32−$1.2M
OperationsPt I, VI
EmployeesI 5136
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$1.6M
Land, buildings, equipmentLn 10c$890K$1.1M
Total assetsLn 16$11.7M$10.1M
LiabilitiesLn 26$12.8M$11.3M
Net assetsLn 32−$1.0M−$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$341K$188K$153K
Pay of disqualified personsLn 6$58K$58K
Other salaries and wagesLn 7$3.7M$3.5M$213K
Pension plan contributionsLn 8$310K$292K$17K
Other employee benefitsLn 9$531K$496K$34K
Payroll taxesLn 10$314K$288K$26K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$100K$100K
Other fees for servicesLn 11g$522K$512K$11K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$135K$85K$50K
Information technologyLn 14$178K$65K$113K
OccupancyLn 16$1.2M$1.2M$250
Conferences, conventions and meetingsLn 19$62K$62K$297
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$184K$180K$5K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$946K$946K
All other expensesLn 24e$82K$46K$36K
Total functional expensesLn 25$8.8M$8.0M$784K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 6, 2026 $10.6M$10.5M$106K$517K 990 PDF
FY2024Filed with the IRS Apr 9, 2025 $10.6M$10.2M$465K$174K 990 PDF
FY2023Filed with the IRS May 10, 2024 $9.9M$9.9M$2K−$733K 990 PDF
FY2022Filed with the IRS Apr 12, 2023 $9.7M$9.9M−$123K−$1.1M 990 PDF
FY2021Filed with the IRS May 11, 2022 $9.4M$8.8M$641K−$1.1M 990 PDF
FY2020 ViewingFiled with the IRS May 10, 2021 $9.2M$8.8M$442K−$1.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $9,226,671 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,791,571$9,065,668
I-9 Program service revenuePrior year $261,352$168,219
I-10 Investment incomePrior year $99$0
I-11 Other revenuePrior year −$2,630−$7,216
I-12 Total revenuePrior year $9,050,392$9,226,671
I-13 Grants and similar amounts paidPrior year $1,000$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,129,078$5,300,589
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,742,952$3,482,922
I-18 Total expensesPrior year $8,873,030$8,784,511
I-19 Revenue less expensesPrior year $177,362$442,160
Part VI · Governance 4 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,226,671 across 6 lines filed
Lines not itemized here account for −$9,649 of total revenue; see the IRS return.
VIII-1e Government grants$9,047,403
VIII-1f All other contributions, gifts and grants$18,265
VIII-1h Total contributions, gifts and grants$9,065,668
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,219$168,219
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,433$2,433
VIII-12 Total revenueRelated to mission $170,652 · Unrelated business $0 · Excluded from tax −$9,649$9,226,671
Part IX · Statement of functional expenses $8,784,511 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffPrograms $187,784 · Management $153,293$341,077
IX-6 Pay of disqualified personsPrograms $57,624$57,624
IX-7 Other salaries and wagesPrograms $3,534,394 · Management $212,964$3,747,358
IX-8 Pension plan contributionsPrograms $292,374 · Management $17,194$309,568
IX-9 Other employee benefitsPrograms $496,330 · Management $34,325$530,655
IX-10 Payroll taxesPrograms $287,879 · Management $26,428$314,307
IX-11b Legal feesManagement $9,618$9,618
IX-11c Accounting feesManagement $100,087$100,087
IX-11g Other fees for servicesPrograms $511,619 · Management $10,531$522,150
IX-12 Advertising and promotionManagement $14,096$14,096
IX-13 Office expensesPrograms $85,351 · Management $50,137$135,488
IX-14 Information technologyPrograms $64,513 · Management $113,231$177,744
IX-16 OccupancyPrograms $1,223,019 · Management $250$1,223,269
IX-19 Conferences, conventions and meetingsPrograms $61,505 · Management $297$61,802
IX-20 InterestPrograms $5,488$5,488
IX-22 Depreciation, depletion and amortizationPrograms $179,742 · Management $4,691$184,433
IX-23 InsurancePrograms $20,739$20,739
IX-24 Other expenses (24a–d)Programs $945,843$945,843
IX-24e All other expensesPrograms $45,717 · Management $36,448$82,165
IX-25 Total functional expensesPrograms $8,000,921 · Management $783,590 · Fundraising $0$8,784,511
Part X · Balance sheet $10,058,449 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,150,487$1,616,896
X-4 Accounts receivableStart of year $837,447$773,203
X-9 Prepaid expenses and deferred chargesStart of year $15,536$104,034
X-10c Land, buildings and equipment, netStart of year $890,492$1,068,249
X-15 Other assetsStart of year $8,848,496$6,496,067
X-16 Total assetsStart of year $11,742,458$10,058,449
X-17 Accounts payable and accrued expensesStart of year $677,491$779,523
X-19 Deferred revenueStart of year $8,524$6,164
X-23 Secured mortgages and notes payableStart of year $76,420$167,294
X-25 Other liabilitiesStart of year $12,014,441$10,331,891
X-26 Total liabilitiesStart of year $12,776,876$11,284,872
X-29 Capital stock or trust principalStart of year −$1,848,490−$2,127,378
X-30 Paid-in or capital surplusStart of year $814,072$900,955
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$1,034,418−$1,226,423
X-33 Total liabilities and net assetsStart of year $11,742,458$10,058,449
Part XI · Reconciliation of net assets −$1,226,423 net assets at year end
XI-1 Total revenue$9,226,671
XI-2 Total expenses$8,784,511
XI-3 Revenue less expenses$442,160
XI-4 Net assets at start of year−$1,034,418
XI-9 Other changes in net assets−$634,165
XI-10 Net assets at end of year−$1,226,423

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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