Eagle Ridge Academy FY2020 filing

Tax-deductible

Minnetonka, MN501(c)(3)Since 2004EducationEIN 73-1673656Revenue $15.7M in FY2020

On file with the IRSeagleridgeacademy.org11111 Bren Rd W, 55343-9015 · Minnetonka, MNTax-exempt since Jul 2004School — 170(b)(1)(A)(ii)

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The mission of Eagle Ridge Academy is to engage all students in a time-tested, classical liberal arts education that demands their best in academic achievement and honorable character while challenging them to attain their highest potential.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$546K 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

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $689K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$546K
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
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
4
named funders · $63K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.5M
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 11 voting members
Worth a look: 5 of 11 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.7M
Spent
$14.8M
To programs
88%
Net assets
−$3.1M
By yearFY2020–FY2025
Revenue
$15.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$15.7M
FY2021$16.9M
FY2022$19.6M
FY2023$19.1M
FY2024$20.4M
FY2025$21.4M
Expenses
$14.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2021$16.2M
FY2022$17.9M
FY2023$18.5M
FY2024$20.0M
FY2025$21.5M
Net assets
−$3.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.1M
FY2021−$3.6M
FY2022−$2.0M
FY2023−$517K
FY2024$64K
FY2025$392K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jul 2004.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $13.1M Management & general 11% · $1.7M Fundraising 1% · $79K

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

13 people listed on the 990; $546K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$132,146Pt VII · Sec A
Principal of School and Grammar
$100,704Pt VII · Sec A
Board Chair
$68,953Pt VII · Sec A
$55,510Pt VII · Sec A
Board Member
$52,379Pt VII · Sec A
Secretary
$50,718Pt VII · Sec A
Board Member
$46,409Pt VII · Sec A
$39,386Pt VII · Sec A

Jason Ulbrich’s $210K as Executive Director is at the 41st percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Ulbrich$210,215$196,901$168,111$146,087$137,834$132,146
Amber Dahlstrom$119,291$111,676————
Susan Bloomgren$107,152$116,568————
Janelle Mellgren$114,463$110,830$106,839$103,021$100,082$100,704
Erin Johnson$113,075$110,568————
Michael Pelofske$104,384—————
April Grabanski———$71,615$69,593$68,953
Clare Murray$70,215$68,013$54,879$62,839$56,108$50,718

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

Provides a classical liberal arts education for students in grades K-12.

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Provided by the organization

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1 program · $13.1M · in their own filed words · FY2019
01

Providing students with a traditional, classical, education that demands their best in academic achievement, behavior, and attitudes while challenging them to attain their highest potential. During the fiscal year ended june 30, 2020 eagle ridge academy served an estimated 1,397 students

$13.1Mprogram 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 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15.7M
Ln 12
Gifts and grantsLn 1h$14.9M
Fees for servicesLn 2g$683K
Other incomeLn 4–11$60K
Money outPt IX
$14.8M
Ln 25
Programscol B$13.1M
Managementcol C$1.7M
Fundraisingcol D$79K
Owns and owesPt X
−$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$14.4M
LiabilitiesLn 26$17.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A8
Voting boardVI 1a11
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.9M
Government grantsLn 1e$14.9M
Fees for servicesLn 2g$683K
Investment incomeLn 3$35K
Other incomeLn 4–11$60K
Total revenueLn 12$15.7M
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$3.7M
Cash and savings togetherLn 1–2$3.9M
Land, buildings, equipmentLn 10c$873K
Other assetsLn 15$8.2M
Total assetsLn 16$14.4M
LiabilitiesLn 26$17.5M
Net assetsLn 32−$3.1M
OperationsPt I, VI
EmployeesI 5263
VolunteersI 6400
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 FY20End FY20
Cash and savingsLn 1–2$3.0M$3.9M
Land, buildings, equipmentLn 10c$802K$873K
Total assetsLn 16$16.5M$14.4M
LiabilitiesLn 26$19.1M$17.5M
Net assetsLn 32−$2.6M−$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$531K$373K$158K
Pay of disqualified personsLn 6$293K$293K
Other salaries and wagesLn 7$6.6M$5.7M$835K$58K
Pension plan contributionsLn 8$501K$434K$62K$4K
Other employee benefitsLn 9$754K$636K$105K$13K
Payroll taxesLn 10$538K$463K$71K$3K
Accounting feesLn 11c$140K$140K
Other fees for servicesLn 11g$511K$464K$47K
Office expensesLn 13$216K$126K$90K
Information technologyLn 14$365K$252K$113K
OccupancyLn 16$2.6M$2.6M
Conferences, conventions and meetingsLn 19$46K$45K$1K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$157K$140K$17K
InsuranceLn 23$54K$54K
Other expenses (24a–d)Ln 24$1.5M$1.5M
All other expensesLn 24e$139K$101K$38K
Total functional expensesLn 25$14.8M$13.1M$1.7M$79K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.4M$21.5M−$95K$392K 990 PDF
FY2024 $20.4M$20.0M$304K$64K 990 PDF
FY2023 $19.1M$18.5M$636K−$517K 990 PDF
FY2022 $19.6M$17.9M$1.7M−$2.0M 990 PDF
FY2021 $16.9M$16.2M$699K−$3.6M 990 PDF
FY2020 Viewing $15.7M$14.8M$877K−$3.1M 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 FY2020 990 (6 parts)
Part I · Summary $15,723,903 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,769,657$14,946,147
I-9 Program service revenuePrior year $817,930$683,091
I-10 Investment incomePrior year $36,884$35,019
I-11 Other revenuePrior year $13,871$59,646
I-12 Total revenuePrior year $15,638,342$15,723,903
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 $9,106,227$9,179,770
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,659,858$5,667,620
I-18 Total expensesPrior year $14,766,085$14,847,390
I-19 Revenue less expensesPrior year $872,257$876,513
Part VI · Governance 5 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members5
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 $15,723,903 across 8 lines filed
Lines not itemized here account for $1,168 of total revenue; see the IRS return.
VIII-1e Government grants$14,862,169
VIII-1f All other contributions, gifts and grants$83,978
VIII-1h Total contributions, gifts and grants$14,946,147
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $683,091$683,091
VIII-3 Investment incomeExcluded from tax $35,019$35,019
VIII-6 Net rental income or lossExcluded from tax $21,528$21,528
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,950$36,950
VIII-12 Total revenueRelated to mission $720,041 · Unrelated business $0 · Excluded from tax $57,715$15,723,903
Part IX · Statement of functional expenses $14,847,390 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $372,739 · Management $158,294$531,033
IX-6 Pay of disqualified personsPrograms $292,529$292,529
IX-7 Other salaries and wagesPrograms $5,670,112 · Management $835,119 · Fundraising $58,330$6,563,561
IX-8 Pension plan contributionsPrograms $433,740 · Management $62,455 · Fundraising $4,375$500,570
IX-9 Other employee benefitsPrograms $636,421 · Management $104,676 · Fundraising $13,264$754,361
IX-10 Payroll taxesPrograms $463,141 · Management $71,148 · Fundraising $3,427$537,716
IX-11c Accounting feesManagement $140,058$140,058
IX-11g Other fees for servicesPrograms $463,955 · Management $47,034$510,989
IX-13 Office expensesPrograms $126,228 · Management $90,202$216,430
IX-14 Information technologyPrograms $252,461 · Management $112,848$365,309
IX-16 OccupancyPrograms $2,561,778$2,561,778
IX-19 Conferences, conventions and meetingsPrograms $45,220 · Management $1,159$46,379
IX-20 InterestPrograms $3,134$3,134
IX-22 Depreciation, depletion and amortizationPrograms $139,971 · Management $17,112$157,083
IX-23 InsurancePrograms $54,099$54,099
IX-24 Other expenses (24a–d)Programs $1,473,528$1,473,528
IX-24e All other expensesPrograms $100,612 · Management $38,221$138,833
IX-25 Total functional expensesPrograms $13,089,668 · Management $1,678,326 · Fundraising $79,396$14,847,390
Part X · Balance sheet $14,428,744 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $205,019$220,604
X-2 Savings and temporary cash investmentsStart of year $2,798,974$3,696,284
X-4 Accounts receivableStart of year $1,549,636$1,263,094
X-9 Prepaid expenses and deferred chargesStart of year $170,885$149,179
X-10c Land, buildings and equipment, netStart of year $802,424$873,382
X-15 Other assetsStart of year $11,008,023$8,226,201
X-16 Total assetsStart of year $16,534,961$14,428,744
X-17 Accounts payable and accrued expensesStart of year $1,112,714$1,036,827
X-19 Deferred revenueStart of year $156,114$80,109
X-25 Other liabilitiesStart of year $17,746,518$16,354,363
X-26 Total liabilitiesStart of year $19,109,843$17,518,281
X-32 Total net assets or fund balancesStart of year −$2,574,882−$3,089,537
X-33 Total liabilities and net assetsStart of year $16,534,961$14,428,744
Part XI · Reconciliation of net assets −$3,089,537 net assets at year end
XI-1 Total revenue$15,723,903
XI-2 Total expenses$14,847,390
XI-3 Revenue less expenses$876,513
XI-4 Net assets at start of year−$2,574,882
XI-9 Other changes in net assets−$1,391,168
XI-10 Net assets at end of year−$3,089,537

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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