Agamim Classical Academy FY2023 filing

Tax-deductible

Edina, MN501(c)(3)Since 2010EducationEIN 27-2779526Revenue $5.3M in FY2023

On file with the IRSagamim.org5300 France Ave S, 55410-2020 · Edina, MNTax-exempt since Nov 2013School — 170(b)(1)(A)(ii)

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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.
87¢ of each $1 spent went to programs.
$213K 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

FY2023 · 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
2 of 6
filings with a surplus
Average surplus $108K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
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
$6.7M
110% of total assets
Concern: liabilities are 110% 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
$5.3M
+16% vs prior year
Spent
$4.8M
To programs
87%
Net assets
−$606K
By yearFY2020–FY2025
Revenue
$5.3M
FY2023▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$5.6M
FY2022$4.6M
FY2023$5.3M
FY2024$5.4M
FY2025$5.2M
Expenses
$4.8M
FY2023▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.0M
FY2021$4.6M
FY2022$4.7M
FY2023$4.8M
FY2024$5.4M
FY2025$5.5M
Net assets
−$606K
FY2023▲ +51%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$723K
FY2022−$1.2M
FY2023−$606K
FY2024−$609K
FY2025−$860K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Nov 2013.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $4.1M Management & general 13% · $637K

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

11 people listed on the 990; $213K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$110,822Pt VII · Sec A
Member/Teacher
$52,657Pt VII · Sec A
Member/Teacher
$49,287Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

Questions for Agamim Classical Academy

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Provided by the organization

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1 program · $4.1M · in their own filed words · FY2022
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.

$4.1Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$5.2M
Fees for servicesLn 2g$85K
Other incomeLn 4–11$1K
Money outPt IX
$4.8M
Ln 25
Programscol B$4.1M
Managementcol C$637K
Owns and owesPt X
−$606K
net assets · Ln 32
Cash and savingsLn 1–2$847K
Total assetsLn 16$6.1M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Government grantsLn 1e$5.1M
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$85K
Investment incomeLn 3$10
Other incomeLn 4–11$1K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$847K
SavingsLn 2$5
Cash and savings togetherLn 1–2$847K
Land, buildings, equipmentLn 10c$290K
Other assetsLn 15$4.2M
Total assetsLn 16$6.1M
LiabilitiesLn 26$6.7M
Net assetsLn 32−$606K
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 FY23End FY23
Cash and savingsLn 1–2$384K$847K
Land, buildings, equipmentLn 10c$338K$290K
Total assetsLn 16$6.4M$6.1M
LiabilitiesLn 26$7.7M$6.7M
Net assetsLn 32−$1.2M−$606K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$240K$108K$133K
Other salaries and wagesLn 7$1.6M$1.4M$152K
Pension plan contributionsLn 8$134K$123K$11K
Other employee benefitsLn 9$156K$109K$47K
Payroll taxesLn 10$148K$128K$19K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$128K$128K
Other fees for servicesLn 11g$545K$470K$75K
Office expensesLn 13$166K$150K$16K
Information technologyLn 14$123K$102K$21K
OccupancyLn 16$483K$483K
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$528K$525K$3K
Other expenses (24a–d)Ln 24$518K$489K$29K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$4.8M$4.1M$637K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$5.5M−$262K−$860K 990 PDF
FY2024 $5.4M$5.4M−$3K−$609K 990 PDF
FY2023 Viewing $5.3M$4.8M$528K−$606K 990 PDF
FY2022 $4.6M$4.7M−$159K−$1.2M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $5,314,798 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,552,091$5,228,646
I-9 Program service revenuePrior year $25,149$85,012
I-10 Investment incomePrior year $166$10
I-11 Other revenuePrior year $7,642$1,130
I-12 Total revenuePrior year $4,585,048$5,314,798
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,372,387$2,273,909
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,371,712$2,512,717
I-18 Total expensesPrior year $4,744,099$4,786,626
I-19 Revenue less expensesPrior year −$159,051$528,172
Part VI · Governance 8 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,314,798 across 8 lines filed
Lines not itemized here account for $1,130 of total revenue; see the IRS return.
VIII-1c Fundraising events$17,025
VIII-1e Government grants$5,080,238
VIII-1f All other contributions, gifts and grants$131,383
VIII-1h Total contributions, gifts and grants$5,228,646
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,012$85,012
VIII-3 Investment incomeExcluded from tax $10$10
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $85,012 · Unrelated business $0 · Excluded from tax $1,140$5,314,798
Part IX · Statement of functional expenses $4,786,626 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $107,943 · Management $132,541$240,484
IX-7 Other salaries and wagesPrograms $1,443,267 · Management $152,302$1,595,569
IX-8 Pension plan contributionsPrograms $123,317 · Management $11,003$134,320
IX-9 Other employee benefitsPrograms $108,532 · Management $47,181$155,713
IX-10 Payroll taxesPrograms $128,455 · Management $19,368$147,823
IX-11b Legal feesManagement $2,634$2,634
IX-11c Accounting feesManagement $127,881$127,881
IX-11g Other fees for servicesPrograms $470,412 · Management $74,925$545,337
IX-13 Office expensesPrograms $149,504 · Management $15,997$165,501
IX-14 Information technologyPrograms $102,034 · Management $21,419$123,453
IX-16 OccupancyPrograms $482,744$482,744
IX-19 Conferences, conventions and meetingsPrograms $5,265$5,265
IX-22 Depreciation, depletion and amortizationPrograms $525,155 · Management $3,121$528,276
IX-24 Other expenses (24a–d)Programs $489,292 · Management $28,784$518,076
IX-24e All other expensesPrograms $13,550$13,550
IX-25 Total functional expensesPrograms $4,149,470 · Management $637,156 · Fundraising $0$4,786,626
Part X · Balance sheet $6,142,225 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $384,169$847,416
X-2 Savings and temporary cash investmentsStart of year $5$5
X-4 Accounts receivableStart of year $565,088$699,257
X-9 Prepaid expenses and deferred chargesStart of year $62,247$130,255
X-10c Land, buildings and equipment, netStart of year $338,142$290,378
X-15 Other assetsStart of year $5,094,416$4,174,914
X-16 Total assetsStart of year $6,444,067$6,142,225
X-17 Accounts payable and accrued expensesStart of year $351,522$161,390
X-19 Deferred revenueStart of year $6,809$49,054
X-25 Other liabilitiesStart of year $7,314,416$6,537,709
X-26 Total liabilitiesStart of year $7,672,747$6,748,153
X-32 Total net assets or fund balancesStart of year −$1,228,680−$605,928
X-33 Total liabilities and net assetsStart of year $6,444,067$6,142,225
Part XI · Reconciliation of net assets −$605,928 net assets at year end
XI-1 Total revenue$5,314,798
XI-2 Total expenses$4,786,626
XI-3 Revenue less expenses$528,172
XI-4 Net assets at start of year−$1,228,680
XI-9 Other changes in net assets$94,580
XI-10 Net assets at end of year−$605,928

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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