Agamim Classical Academy FY2021 filing

Tax-deductible

Edina, MN501(c)(3)Since 2010EducationEIN 27-2779526

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Cultivating wise, grateful, and virtuous students dedicated to the pursuit of truth, beauty, and goodness for themselves and for our country.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$214K 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
2 of 5
filings with a surplus
Average surplus $182K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 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
$214K
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
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
5
named funders · $49K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.1M
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
+21% vs prior year
Spent
$4.6M
To programs
90%
Net assets
−$723K
By yearFY2020–FY2024
Revenue
$5.6M
FY2021▲ +21%
Revenue by fiscal year
FY2020$4.6M
FY2021$5.6M
FY2022$4.6M
FY2023$5.3M
FY2024$5.4M
FY2024$5.2M
Expenses
$4.6M
FY2021▼ -8%
Expenses by fiscal year
FY2020$5.0M
FY2021$4.6M
FY2022$4.7M
FY2023$4.8M
FY2024$5.4M
FY2024$5.5M
Net assets
−$723K
FY2021▲ +37%
Net assets by fiscal year
FY2020−$1.1M
FY2021−$723K
FY2022−$1.2M
FY2023−$606K
FY2024−$609K
FY2024−$860K

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

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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 Nov 2013.

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% · $4.2M Management & general 10% · $480K

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

12 people listed on the 990; $214K 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
Executive Director
$87,153Pt VII · Sec A
Board Member/Teacher
$55,866Pt VII · Sec A
Board Member/Teacher
$45,045Pt VII · Sec A
Former Board Member/Teacher
$26,275Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Miranda Morton’s $121K as Executive Director is at the 46th 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Miranda Morton$120,547$115,376$110,822$89,680$87,153$87,384
Sarah Carlson———$73,660$55,866—
Lucas Menzies$64,614$55,267$52,657$48,589——
David McCarthy$59,133$52,944$49,287———
Paige Schneider———$31,830$45,045$45,100
Jessica Ensminger————$26,275$43,610

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 Agamim Classical Academy 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

Fosters wise, grateful, and virtuous students through character education.

Provided by the organization

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1 program · $4.2M · in their own filed words · FY2020
01

Agamim classical academy provides students with a classical liberal arts, challenging and inspiring education. Classical education methods have been used across the world for over a thousand years and students at agamim inherit this tradition of scholarship and commitment to living with virtue.

$4.2Mprogram 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
See all 5 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Gifts and grantsLn 1h$5.4M
Other incomeLn 4–11$218K
Fees for servicesLn 2g$8K
Money outPt IX
$4.6M
Ln 25
Programscol B$4.2M
Managementcol C$480K
Owns and owesPt X
−$723K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$3.4M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Government grantsLn 1e$5.3M
Fees for servicesLn 2g$8K
Investment incomeLn 3$7
Other incomeLn 4–11$218K
Gains on assetsLn 7−$5K
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$148K
SavingsLn 2$60K
Cash and savings togetherLn 1–2$208K
Land, buildings, equipmentLn 10c$380K
Other assetsLn 15$1.9M
Total assetsLn 16$3.4M
LiabilitiesLn 26$4.1M
Net assetsLn 32−$723K
OperationsPt I, VI
EmployeesI 562
VolunteersI 665
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$316K$208K
Land, buildings, equipmentLn 10c$381K$380K
Total assetsLn 16$3.5M$3.4M
LiabilitiesLn 26$4.6M$4.1M
Net assetsLn 32−$1.1M−$723K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$238K$138K$100K
Other salaries and wagesLn 7$2.1M$2.0M$111K
Pension plan contributionsLn 8$182K$171K$12K
Other employee benefitsLn 9$170K$144K$26K
Payroll taxesLn 10$202K$174K$27K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$72K$72K
Other fees for servicesLn 11g$388K$371K$17K
Office expensesLn 13$39K$27K$12K
Information technologyLn 14$89K$32K$58K
TravelLn 17$673K$673K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$55K$52K$4K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$422K$395K$27K
All other expensesLn 24e$7K$7K$49
Total functional expensesLn 25$4.6M$4.2M$480K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.4M$5.4M−$3K−$609K 990 PDF
FY2023 $5.3M$4.8M$528K−$606K 990 PDF
FY2022 $4.6M$4.7M−$159K−$1.2M 990 PDF
FY2021 Viewing $5.6M$4.6M$951K−$723K 990 PDF
FY2020 $4.6M$5.0M−$406K−$1.1M 990 PDF

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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 $5,588,059 across 8 lines filed
Lines not itemized here account for −$2,852 of total revenue; see the IRS return.
VIII-1e Government grants$5,306,684
VIII-1f All other contributions, gifts and grants$55,487
VIII-1h Total contributions, gifts and grants$5,362,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,249$8,249
VIII-3 Investment incomeExcluded from tax $7$7
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,432−$5,432
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $225,916$225,916
VIII-12 Total revenueRelated to mission $234,165 · Unrelated business $0 · Excluded from tax −$8,277$5,588,059
Part IX · Statement of functional expenses $4,637,050 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $138,094 · Management $100,135$238,229
IX-7 Other salaries and wagesPrograms $1,964,349 · Management $111,076$2,075,425
IX-8 Pension plan contributionsPrograms $170,736 · Management $11,593$182,329
IX-9 Other employee benefitsPrograms $143,842 · Management $26,461$170,303
IX-10 Payroll taxesPrograms $174,295 · Management $27,240$201,535
IX-11b Legal feesManagement $5,645$5,645
IX-11c Accounting feesManagement $72,284$72,284
IX-11g Other fees for servicesPrograms $370,967 · Management $16,793$387,760
IX-13 Office expensesPrograms $26,735 · Management $11,838$38,573
IX-14 Information technologyPrograms $31,585 · Management $57,847$89,432
IX-17 TravelPrograms $673,132$673,132
IX-19 Conferences, conventions and meetingsPrograms $7,248$7,248
IX-20 InterestPrograms $2,775$2,775
IX-22 Depreciation, depletion and amortizationPrograms $51,629 · Management $3,532$55,161
IX-23 InsuranceManagement $8,211$8,211
IX-24 Other expenses (24a–d)Programs $394,802 · Management $26,804$421,606
IX-24e All other expensesPrograms $7,353 · Management $49$7,402
IX-25 Total functional expensesPrograms $4,157,542 · Management $479,508 · Fundraising $0$4,637,050
Part X · Balance sheet $3,401,731 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $255,108$147,554
X-2 Savings and temporary cash investmentsStart of year $60,461$60,468
X-4 Accounts receivableStart of year $367,109$859,475
X-9 Prepaid expenses and deferred chargesStart of year $50,000$50,000
X-10c Land, buildings and equipment, netStart of year $380,878$380,472
X-15 Other assetsStart of year $2,339,961$1,903,762
X-16 Total assetsStart of year $3,453,517$3,401,731
X-17 Accounts payable and accrued expensesStart of year $372,123$420,625
X-19 Deferred revenue$28,000
X-24 Unsecured notes and loans payableStart of year $744,450$101,350
X-25 Other liabilitiesStart of year $3,476,584$3,575,049
X-26 Total liabilitiesStart of year $4,593,157$4,125,024
X-32 Total net assets or fund balancesStart of year −$1,139,640−$723,293
X-33 Total liabilities and net assetsStart of year $3,453,517$3,401,731
Part XI · Reconciliation of net assets −$723,293 net assets at year end
XI-1 Total revenue$5,588,059
XI-2 Total expenses$4,637,050
XI-3 Revenue less expenses$951,009
XI-4 Net assets at start of year−$1,139,640
XI-9 Other changes in net assets−$534,662
XI-10 Net assets at end of year−$723,293

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

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