Peace Academy INC

Tax-deductible

Fargo, ND501(c)(3)Since 2021EducationEIN 87-4363560Revenue $2.5M in FY2024

On file with the IRSpafargo.com3201 Fiechtner Dr S, 58103-2358 · Fargo, NDTax-exempt since Mar 2022Publicly supported — 509(a)(2)

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Nuture children, enrich parents, and strengthen coummunity. Our goal is to expand and help meet the incredible need for quality early childhood education and care in our community.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 7 volunteers and 71 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 2
filings with a surplus
Average surplus $489K a year · 33% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 9% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
23 mo
of spending, in cash
Looks good: 23.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $452K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$926K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+96% vs prior year
Spent
$1.3M
To programs
81%
Net assets
$2.2M
By yearFY2023–FY2024
Revenue
$2.5M
FY2024▲ +96%
Tap a bar for its year
Revenue by fiscal year
FY2023$1.7M
FY2024$1.3M
FY2024$2.5M
Expenses
$1.3M
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2023$1.1M
FY2024$917K
FY2024$1.3M
Net assets
$2.2M
FY2024▲ +127%
Tap a bar for its year
Net assets by fiscal year
FY2023$611K
FY2024$978K
FY2024$2.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.0M Management & general 16% · $203K Fundraising 3% · $37K

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

1 person listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation
$111,511Pt VII · Sec A

Jana Bruhschwein’s $112K as Director is at the 40th 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023
Jana Bruhschwein$111,511$89,142$89,235

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 15aNo

Programs and updates

Provides quality early childhood education and care to nurture children and strengthen communities.

Provided by the organization

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3 programs · $1.0M · in their own filed words · FY2024
01

Pre-School

Nurture children with play-based learning that is crtical to cognitive, linguistic, physical, and socio-emotional development thru a pre-school setting.

$697Kprogram expense
02

Childcare

Nurture children with play-based learning that is critical to cognitive, linguistic,physical, and socio-emotional development thru a childcare day time setting.

$270Kprogram expense
03

Special Activities

Provide unique extracurricular activites that nurture children with play-based learning that is critical to cognitive, linguistic, physical, and socio-emotional development.

$73Kprogram 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 · FY2024
See all 5 funders →
Grants paid · 1 grant · $20K · 2022–2022
Unitemized GrantFY2022$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$49K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.0M
Managementcol C$203K
Fundraisingcol D$37K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$3.1M
LiabilitiesLn 26$926K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$110K
Fundraising eventsLn 1c$95K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$49K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$478K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.5M
Land, buildings, equipmentLn 10c$661K
Other assetsLn 15$10K
Total assetsLn 16$3.1M
LiabilitiesLn 26$926K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 571
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$2.5M
Land, buildings, equipmentLn 10c$661K
Total assetsLn 16$1.0M$3.1M
LiabilitiesLn 26$25K$926K
Net assetsLn 32$978K$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$112K$112K
Other salaries and wagesLn 7$693K$693K
Other employee benefitsLn 9$24K$22K$2K
Payroll taxesLn 10$65K$54K$11K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$41K$4K$37K
Office expensesLn 13$28K$26K$3K
OccupancyLn 16$181K$163K$18K
InterestLn 20$4K$4K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$72K$63K$9K
All other expensesLn 24e$10K$9K$1K
Total functional expensesLn 25$1.3M$1.0M$203K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$917K$367K$978K 990 PDF
FY2023 $1.7M$1.1M$611K$611K 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 FY2024 990 (6 parts)
Part I · Summary $2,519,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $381,477$1,351,057
I-9 Program service revenuePrior year $887,557$1,119,627
I-10 Investment incomePrior year $15,047$48,513
I-11 Other revenue$0
I-12 Total revenuePrior year $1,284,081$2,519,197
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $636,365$892,965
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $280,385$386,648
I-18 Total expensesPrior year $916,750$1,279,613
I-19 Revenue less expensesPrior year $367,331$1,239,584
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,519,197 across 8 lines filed
Lines not itemized here account for $2,500 of total revenue; see the IRS return.
VIII-1c Fundraising events$94,951
VIII-1e Government grants$109,809
VIII-1f All other contributions, gifts and grants$1,146,297
VIII-1h Total contributions, gifts and grants$1,351,057
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,117,127$1,117,127
VIII-3 Investment incomeRelated to mission $48,513$48,513
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,168,140 · Unrelated business $0 · Excluded from tax $0$2,519,197
Part IX · Statement of functional expenses $1,279,613 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $111,511$111,511
IX-7 Other salaries and wagesPrograms $692,792$692,792
IX-9 Other employee benefitsPrograms $21,697 · Management $2,410$24,107
IX-10 Payroll taxesPrograms $53,677 · Management $10,878$64,555
IX-11c Accounting feesManagement $31,223$31,223
IX-11g Other fees for servicesPrograms $6,825$6,825
IX-12 Advertising and promotionPrograms $4,300 · Fundraising $36,744$41,044
IX-13 Office expensesPrograms $25,505 · Management $2,834$28,339
IX-16 OccupancyPrograms $163,025 · Management $18,114$181,139
IX-20 InterestManagement $3,529$3,529
IX-23 InsuranceManagement $12,328$12,328
IX-24 Other expenses (24a–d)Programs $63,108 · Management $9,026$72,134
IX-24e All other expensesPrograms $9,078 · Management $1,009$10,087
IX-25 Total functional expensesPrograms $1,040,007 · Management $202,862 · Fundraising $36,744$1,279,613
Part X · Balance sheet $3,143,400 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $30,819$477,637
X-2 Savings and temporary cash investmentsStart of year $972,148$1,994,506
X-10c Land, buildings and equipment, net$661,257
X-15 Other assets$10,000
X-16 Total assetsStart of year $1,002,967$3,143,400
X-17 Accounts payable and accrued expensesStart of year $19,762$11,546
X-25 Other liabilitiesStart of year $4,921$21,663
X-26 Total liabilitiesStart of year $24,683$925,532
X-32 Total net assets or fund balancesStart of year $978,284$2,217,868
X-33 Total liabilities and net assetsStart of year $1,002,967$3,143,400
Part XI · Reconciliation of net assets $2,217,868 net assets at year end
XI-1 Total revenue$2,519,197
XI-2 Total expenses$1,279,613
XI-3 Revenue less expenses$1,239,584
XI-4 Net assets at start of year$978,284
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,217,868

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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