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Rochester Arts & Sciences Academy Foundation

Tax-deductible

Rochester, MN501(c)(3)Since 2007EducationEIN 20-8201223Revenue $3.3M in FY2025

On file with the IRSrasamn.org2521 Pennington Dr Nw, 55901-0194 · Rochester, MNTax-exempt since Jun 2008School — 170(b)(1)(A)(ii)

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Rasa aims to develop active learners, well rounded individuals, and engaged world citizens. Our teachers channel children's natural curiosity to develop lifelong inquirers prepared to thrive in a diverse world. As an international baccalaureate (ib) world school, we embrace the ib mission and educational model while nurturing individual talents and inspiring academic excellence. We are a caring and accepting community offering families an unparalleled educational opportunity for their children.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 5 volunteers and 55 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 7
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 7 filings
Worth a look: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 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
$137K
to officers and key staff · 3% of spending
Top officer’s pay higher than 57% of similar orgs
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
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.0M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
-9% vs prior year
Spent
$4.0M
To programs
91%
Net assets
$346K
By yearFY2019–FY2025
Revenue
$3.3M
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.1M
FY2020$1.3M
FY2021$1.7M
FY2022$2.2M
FY2023$3.1M
FY2024$3.6M
FY2025$3.3M
Expenses
$4.0M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2019$1.2M
FY2020$1.3M
FY2021$1.4M
FY2022$1.9M
FY2023$2.8M
FY2024$3.8M
FY2025$4.0M
Net assets
$346K
FY2025▼ -67%
Tap a bar for its year
Net assets by fiscal year
FY2019$289K
FY2020$266K
FY2021$539K
FY2022$869K
FY2023$1.2M
FY2024$1.1M
FY2025$346K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2008.

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% · $3.6M Management & general 8% · $317K Fundraising 1% · $31K

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; $137K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$136,843Pt VII · Sec A
Lindsey Warner
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Erica Loomis
Co-Secretary
$0Pt VII · Sec A
Paul Warner
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicholas Doyle’s $137K as Principal is at the 57th percentile of top reported officer pay among 3394 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nicholas Doyle$136,843$133,440$132,054$115,905$114,150$100,352

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 Rochester Arts & Sciences Academy Foundation executive salaries →

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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

Develops active, well-rounded learners and engaged world citizens through inquiry-based education.

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Provided by the organization

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1 program · $3.6M · in their own filed words · FY2024
01

Rochester arts and sciences academy foundation provides students with an international baccalaureate based education that develops active learners, well-rounded individuals and engaged world citizens.

$3.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
T Rowe Price Program for Charitable Giving INCFY2022$10K
Donor Advised Charitable Giving INCFY2022$6K
Total grants receivedfrom 2 funders$16K
Grants paid · 5 grants · $620K · 2018–2023
Unitemized GrantFY2023$44,500
Unitemized GrantFY2021$158,840
Unitemized GrantFY2020$154,111
Unitemized GrantFY2019$147,137
Unitemized GrantFY2018$115,730

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$3.1M
Other incomeLn 4–11$89K
Gifts and grantsLn 1h$78K
Money outPt IX
$4.0M
Ln 25
Programscol B$3.6M
Managementcol C$317K
Fundraisingcol D$31K
Owns and owesPt X
$346K
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$5.3M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$66K
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$3K
Other incomeLn 4–11$89K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$173K
Cash and savings togetherLn 1–2$173K
Land, buildings, equipmentLn 10c$5.1M
Total assetsLn 16$5.3M
LiabilitiesLn 26$5.0M
Net assetsLn 32$346K
OperationsPt I, VI
EmployeesI 555
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$565K$173K
Land, buildings, equipmentLn 10c$5.1M$5.1M
Total assetsLn 16$6.0M$5.3M
LiabilitiesLn 26$4.9M$5.0M
Net assetsLn 32$1.1M$346K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$143K$107K$29K$7K
Pay of disqualified personsLn 6$61K$49K$6K$6K
Other salaries and wagesLn 7$2.1M$1.9M$210K$2K
Other employee benefitsLn 9$217K$191K$24K$2K
Payroll taxesLn 10$209K$184K$23K$2K
Advertising and promotionLn 12$2K$2K$91
Office expensesLn 13$35K$30K$4K$2K
OccupancyLn 16$133K$113K$13K$7K
InterestLn 20$313K$313K
Depreciation, depletion and amortizationLn 22$95K$95K
InsuranceLn 23$37K$32K$4K$2K
Other expenses (24a–d)Ln 24$431K$431K
All other expensesLn 24e$155K$148K$6K$1K
Total functional expensesLn 25$4.0M$3.6M$317K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.3M$4.0M−$710K$346K 990 PDF
FY2024 $3.6M$3.8M−$176K$1.1M 990 PDF
FY2023 $3.1M$2.8M$362K$1.2M 990 PDF
FY2022 $2.2M$1.9M$330K$869K 990 PDF
FY2021 $1.7M$1.4M$273K$539K 990 PDF
FY2020 $1.3M$1.3M−$23K$266K 990 PDF
FY2019 $1.1M$1.2M−$43K$289K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,258,554 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,065$78,327
I-9 Program service revenuePrior year $3,366,042$3,087,893
I-10 Investment incomePrior year $9,868$2,935
I-11 Other revenuePrior year $51,241$89,399
I-12 Total revenuePrior year $3,585,216$3,258,554
I-13 Grants and similar amounts paidPrior year $44,500$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,327,978$2,767,234
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,388,246$1,200,955
I-18 Total expensesPrior year $3,760,724$3,968,189
I-19 Revenue less expensesPrior year −$175,508−$709,635
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,258,554 across 8 lines filed
VIII-1e Government grants$65,546
VIII-1f All other contributions, gifts and grants$12,781
VIII-1h Total contributions, gifts and grants$78,327
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,087,893$3,087,893
VIII-3 Investment incomeExcluded from tax $2,935$2,935
VIII-8 Net income from fundraising eventsExcluded from tax $22,592$22,592
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $66,807$66,807
VIII-12 Total revenueRelated to mission $3,154,700 · Excluded from tax $25,527$3,258,554
Part IX · Statement of functional expenses $3,968,189 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $107,266 · Management $28,604 · Fundraising $7,152$143,022
IX-6 Pay of disqualified personsPrograms $48,676 · Management $6,085 · Fundraising $6,085$60,846
IX-7 Other salaries and wagesPrograms $1,925,772 · Management $209,631 · Fundraising $2,058$2,137,461
IX-9 Other employee benefitsPrograms $191,155 · Management $23,894 · Fundraising $2,172$217,221
IX-10 Payroll taxesPrograms $183,642 · Management $22,955 · Fundraising $2,087$208,684
IX-12 Advertising and promotionPrograms $1,732 · Fundraising $91$1,823
IX-13 Office expensesPrograms $29,911 · Management $3,519 · Fundraising $1,760$35,190
IX-16 OccupancyPrograms $112,838 · Management $13,275 · Fundraising $6,638$132,751
IX-20 InterestPrograms $312,749$312,749
IX-22 Depreciation, depletion and amortizationPrograms $94,625$94,625
IX-23 InsurancePrograms $31,731 · Management $3,733 · Fundraising $1,867$37,331
IX-24 Other expenses (24a–d)Programs $431,407$431,407
IX-24e All other expensesPrograms $148,337 · Management $5,741 · Fundraising $1,001$155,079
IX-25 Total functional expensesPrograms $3,619,841 · Management $317,437 · Fundraising $30,911$3,968,189
Part X · Balance sheet $5,308,589 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $564,776$173,157
X-4 Accounts receivableStart of year $95,419$31,490
X-10c Land, buildings and equipment, netStart of year $5,130,956$5,103,942
X-16 Total assetsStart of year $5,968,208$5,308,589
X-17 Accounts payable and accrued expensesStart of year $3,256$44,739
X-19 Deferred revenue$84,750
X-25 Other liabilitiesStart of year $1,619$19,858
X-26 Total liabilitiesStart of year $4,912,599$4,962,615
X-27 Net assets without donor restrictionsStart of year $1,055,609$345,974
X-32 Total net assets or fund balancesStart of year $1,055,609$345,974
X-33 Total liabilities and net assetsStart of year $5,968,208$5,308,589
Part XI · Reconciliation of net assets $345,974 net assets at year end
XI-1 Total revenue$3,258,554
XI-2 Total expenses$3,968,189
XI-3 Revenue less expenses−$709,635
XI-4 Net assets at start of year$1,055,609
XI-10 Net assets at end of year$345,974

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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