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Chesterton Academy FY2021 filing

Tax-deductible

Hopkins, MN501(c)(3)EducationEIN 38-3773629Revenue $2.2M in FY2021

On file with the IRSchestertonacademy.org1320 Mainstreet, 55343-7403 · Hopkins, MNTax-exempt since Jan 2009School — 170(b)(1)(A)(ii)

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Pro-family catholic high school offering an integrated college preparatory classical curriculum.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$200K 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $625K a year · 23% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$200K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$92K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
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
$2.2M
Spent
$1.8M
To programs
69%
Net assets
$1.1M
By yearFY2021–FY2023
Revenue
$2.2M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.2M
FY2022$2.4M
FY2023$3.6M
Expenses
$1.8M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$2.1M
FY2023$2.4M
Net assets
$1.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.4M
FY2023$2.7M

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 (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jan 2009.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.3M Management & general 21% · $384K Fundraising 10% · $177K

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

10 people listed on the 990; $200K 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
Dave Beskar
Headmaster
$117,880Pt VII · Sec A
Christopher Olley
Executive Director
$82,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Casey Scott
Director
$0Pt VII · Sec A
Jay Ward
Board Chair
$0Pt VII · Sec A
Matt Saxe
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Christopher Olley’s $107K as Headmaster is at the 36th 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021
Dave Beskar——$117,880
Christopher Olley$106,820$82,820$82,000

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

Educates students with a Catholic, college-prep classical curriculum.

Questions for Chesterton Academy

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

Running a private independent catholic high school that teaches a classical curriculum based on the catholic faith. There are 140 students in grades 9-12.

$1.3Mprogram 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 · FY2025
Biokinetix FoundationFY2025$8K
Getsch Charitable TrFY2025$2K
Total grants receivedfrom 2 funders$10K
Grants paid · 3 grants · $717K · 2020–2022
Unitemized GrantFY2022$257,959
Unitemized GrantFY2021$288,894
Unitemized GrantFY2020$170,009

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$787K
Other incomeLn 4–11$269K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.3M
Managementcol C$384K
Fundraisingcol D$177K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$482K
Total assetsLn 16$1.2M
LiabilitiesLn 26$92K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$787K
Fundraising eventsLn 1c$257K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$18K
Other incomeLn 4–11$269K
Gains on assetsLn 7$14K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$311K
SavingsLn 2$171K
Cash and savings togetherLn 1–2$482K
InvestmentsLn 11–13$650K
Land, buildings, equipmentLn 10c$66K
Total assetsLn 16$1.2M
LiabilitiesLn 26$92K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 531
VolunteersI 660
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$839K$482K
InvestmentsLn 11–13$98K$650K
Land, buildings, equipmentLn 10c$87K$66K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$316K$92K
Net assetsLn 32$775K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$170K$170K
Pay of current officers, directors and key staffLn 5$220K$41K$117K$62K
Other salaries and wagesLn 7$808K$592K$141K$75K
Payroll taxesLn 10$80K$50K$20K$10K
Accounting feesLn 11c$56K$56K
Other fees for servicesLn 11g$3K$2K$771$267
Advertising and promotionLn 12$12K$2K$11K
Office expensesLn 13$27K$14K$7K$5K
Information technologyLn 14$26K$20K$4K$2K
OccupancyLn 16$250K$226K$17K$7K
TravelLn 17$3K$2K$613$324
Depreciation, depletion and amortizationLn 22$17K$11K$4K$2K
InsuranceLn 23$6K$4K$2K$857
Other expenses (24a–d)Ln 24$140K$126K$13K
All other expensesLn 24e$8K$6K$1K$653
Total functional expensesLn 25$1.8M$1.3M$384K$177K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $3.6M$2.4M$1.2M$2.7M 990 PDF
FY2022 $2.4M$2.1M$344K$1.4M 990 PDF
FY2021 Viewing $2.2M$1.8M$351K$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 (6 parts)
Part I · Summary $2,178,504 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $522,378$786,708
I-9 Program service revenuePrior year $1,313,902$1,104,166
I-10 Investment incomePrior year $3,961$18,328
I-11 Other revenuePrior year $44,602$269,302
I-12 Total revenuePrior year $1,884,843$2,178,504
I-13 Grants and similar amounts paidPrior year $273,259$170,009
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,233,329$1,107,482
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $475,234$549,542
I-18 Total expensesPrior year $1,981,822$1,827,033
I-19 Revenue less expensesPrior year −$96,979$351,471
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
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 $2,178,504 across 9 lines filed
Lines not itemized here account for $20,715 of total revenue; see the IRS return.
VIII-1c Fundraising events$257,047
VIII-1f All other contributions, gifts and grants$529,661
VIII-1h Total contributions, gifts and grants$786,708
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,104,166$1,104,166
VIII-3 Investment incomeExcluded from tax $4,235$4,235
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,093$14,093
VIII-8 Net income from fundraising eventsExcluded from tax $21,888$21,888
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $226,699$226,699
VIII-12 Total revenueRelated to mission $1,330,865 · Unrelated business $0 · Excluded from tax $60,931$2,178,504
Part IX · Statement of functional expenses $1,827,033 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $170,009$170,009
IX-5 Pay of current officers, directors and key staffPrograms $41,258 · Management $116,768 · Fundraising $61,500$219,526
IX-7 Other salaries and wagesPrograms $592,247 · Management $140,659 · Fundraising $74,833$807,739
IX-10 Payroll taxesPrograms $49,735 · Management $20,054 · Fundraising $10,428$80,217
IX-11c Accounting feesManagement $56,470$56,470
IX-11g Other fees for servicesPrograms $2,098 · Management $771 · Fundraising $267$3,136
IX-12 Advertising and promotionPrograms $1,585 · Fundraising $10,704$12,289
IX-13 Office expensesPrograms $14,297 · Management $7,005 · Fundraising $5,266$26,568
IX-14 Information technologyPrograms $19,743 · Management $4,355 · Fundraising $2,303$26,401
IX-16 OccupancyPrograms $225,964 · Management $17,114 · Fundraising $7,334$250,412
IX-17 TravelPrograms $1,645 · Management $613 · Fundraising $324$2,582
IX-22 Depreciation, depletion and amortizationPrograms $10,682 · Management $4,338 · Fundraising $2,294$17,314
IX-23 InsurancePrograms $3,992 · Management $1,621 · Fundraising $857$6,470
IX-24 Other expenses (24a–d)Programs $126,469 · Management $13,456$139,925
IX-24e All other expensesPrograms $6,088 · Management $1,234 · Fundraising $653$7,975
IX-25 Total functional expensesPrograms $1,265,812 · Management $384,458 · Fundraising $176,763$1,827,033
Part X · Balance sheet $1,239,311 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $168,651$310,818
X-2 Savings and temporary cash investmentsStart of year $670,000$170,888
X-3 Pledges and grants receivableStart of year $37,002$26,768
X-4 Accounts receivableStart of year $23,936$5,170
X-9 Prepaid expenses and deferred chargesStart of year $7,300$9,773
X-10c Land, buildings and equipment, netStart of year $87,153$65,748
X-11 Publicly traded securitiesStart of year $97,814$650,146
X-16 Total assetsStart of year $1,091,856$1,239,311
X-17 Accounts payable and accrued expensesStart of year $17,627$46,621
X-19 Deferred revenueStart of year $72,061$45,550
X-24 Unsecured notes and loans payableStart of year $226,699$0
X-26 Total liabilitiesStart of year $316,387$92,171
X-27 Net assets without donor restrictionsStart of year $555,978$872,603
X-28 Net assets with donor restrictionsStart of year $219,491$274,537
X-32 Total net assets or fund balancesStart of year $775,469$1,147,140
X-33 Total liabilities and net assetsStart of year $1,091,856$1,239,311
Part XI · Reconciliation of net assets $1,147,140 net assets at year end
XI-1 Total revenue$2,178,504
XI-2 Total expenses$1,827,033
XI-3 Revenue less expenses$351,471
XI-4 Net assets at start of year$775,469
XI-5 Net unrealized gains (losses) on investments$20,200
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,147,140

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

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