Arete Academy FY2022 filing
Supports gifted students with learning differences in a nurturing, strength-based environment. For fiscal year 2022 it reported $599K in revenue, $622K in expenses, and $604K in net assets.Pt I
- Founded
- 2014
- Type
- Public charity (501(c)(3)) · Education
- Location
- Minnetonka, MN
- Website
- www.areteacademymn.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jamie M Teigen’s $46K as Assistant Director is at the 6th percentile of top reported officer pay among 3395 $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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Maxwell S Melby | $12,416 | $72,549 | $63,994 | $53,985 | — | — |
| Max Melby | — | — | — | — | $52,873 | $50,500 |
| Jamie Teigen | — | — | — | — | $52,730 | $48,247 |
| Jamie M Teigen | $45,710 | $15,911 | $30,128 | $40,820 | — | — |
| Anne Dunningan | $24,629 | $22,896 | $18,962 | — | — | — |
| Molly Dunningan | — | — | — | $15,704 | $13,621 | $22,549 |
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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Where the work happens
Arete A2E2, located in minneapolis, MN, aka arete academy of exceptional education, is a private school which provides educational services to students in grades 5-12 who are twice exceptional.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 81% | — | — |
| Overhead ratio | 19% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -40% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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