Nonprofit · EIN 20-1056964
TEAM ACADEMY
Tax-exempt · WASECA, MN 56093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,067,221 | $2,089,739 | -$22,518 | $902,990 | $1,667,912 | -$764,922 |
| June 30, 2024 | 990 | $1,916,045 | $2,225,363 | -$309,318 | $1,190,863 | $1,933,267 | -$742,404 |
| June 30, 2023 | 990 | $1,802,156 | $2,282,505 | -$480,349 | $1,582,819 | $2,322,063 | -$739,244 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,980,712
- of which government grants
- $1,979,102
- Program service revenue
- $85,757
- Investment income
- $752
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $369,863
- Other salaries and wages
- $905,021
- Salaries, compensation and benefits (total)
- $1,524,364
- Professional fundraising fees
- $0
- Accounting fees
- $20,273
- Occupancy
- $18,074
- Travel
- $6,032
- Depreciation
- $236,859
- Program services (functional)
- $1,851,814
- Management and general (functional)
- $237,925
Balance sheet and other
- Total assets, start of year
- $1,190,863
- Total assets, end of year
- $902,990
- Total liabilities, end of year
- $1,667,912
- Net assets, end of year
- -$764,922
- Land, buildings and equipment
- $30,721
- Gross receipts
- $2,067,221
- Employees
- 31
- Volunteers
- 2
- Year formed
- 2004
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL COURTNEY | EXECUTIVE DIRECTOR Officer | 40 | $68,602 | $46,352 |
| JANEL SCHMIDT | VICE CHAIR Trustee or director, Officer | 40 | $57,742 | $23,991 |
| CHRISTINE HERING | TREASURER Trustee or director, Officer | 40 | $60,311 | $12,403 |
| JENNIFER BRITTAIN | DIRECTOR Trustee or director | 40 | $52,014 | $20,650 |
| DENISE GILBERTSON | DIRECTOR Trustee or director | 40 | $49,571 | $10,812 |
| SHERYL OSWEILER | DIRECTOR Trustee or director | 40 | $46,608 | $9,237 |
| JED KALBOW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MONICA HERTZOG | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL COURTNEY | EXECUTIVE DIRECTOR Officer | 40 | $74,157 | $38,058 |
| CHRISTINE HERING | TREASURER Trustee or director, Officer | 40 | $66,965 | $7,327 |
| JANEL SCHMIDT | DIRECTOR Trustee or director | 40 | $59,847 | $13,710 |
| JENNIFER BRITTAIN | VICE CHAIR Trustee or director, Officer | 40 | $56,173 | $15,231 |
| DENISE GILBERTSON | DIRECTOR Trustee or director | 40 | $52,710 | $7,079 |
| SHERYL OSWEILER | DIRECTOR Trustee or director | 40 | $50,755 | $5,332 |
| JED KALBOW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MONIKA DIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL COURTNEY | EXECUTIVE DIRECTOR Officer | 40 | $72,100 | $36,805 |
| JANEL SCHMIDT | DIRECTOR Trustee or director | 40 | $60,421 | $17,023 |
| JENNIFER BRITTAIN | VICE CHAIR Trustee or director, Officer | 40 | $57,275 | $14,220 |
| CHRISTINE HERING | TREASURER Trustee or director, Officer | 40 | $63,170 | $6,814 |
| POLLY CHRISTENSEN | DIRECTOR Trustee or director | 40 | $50,470 | $12,108 |
| DENISE GILBERTSON | DIRECTOR Trustee or director | 40 | $51,247 | $7,194 |
| JED KALBOW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 17TH AVE NE, WASECA, MN 56093-2753
- In care of
- % TIFFANY LYNCH
- Principal officer (990 for 2024)
- JILL COURTNEY, 220 17TH AVENUE NE, WASECA, MN 56093
- Signed the 990
- JILL COURTNEY, EXECUTIVE DIRECTOR
- Phone
- (507) 837-5149
- Website
- WWW.TEAM.K12.MN.US/
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO OPERATE AN ELEMENTARY PUBLIC CHARTER SCHOOL IN WASECA UNDER THE LAWS OF THE STATE OF MINNESOTA.
Program accomplishments
- TEAM ACADEMY PROVIDES AN EDUCATIONAL PROGRAM TO APPROXIMATELY 100 ELEMENTARY STUDENTS.Expenses $1,851,814 · revenue $3,324
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1056964
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $902,990
- Income (IRS master file)
- $2,067,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,067,221 | $2,089,739 | $902,990 | XML |
| 990 | June 2024 | $1,916,045 | $2,225,363 | $1,190,863 | XML |
| 990 | June 2023 | $1,802,156 | $2,282,505 | $1,582,819 | XML |
| 990 | June 2022 | $2,393,876 | $2,122,197 | $1,901,436 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1056964).
Questions about TEAM ACADEMY
- What is the EIN of TEAM ACADEMY?
- The employer identification number (EIN) of TEAM ACADEMY is 20-1056964.
- Is TEAM ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to TEAM ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEAM ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TEAM ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEAM ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TEAM ACADEMY?
- The 990 for the year ended June 30, 2025 names JILL COURTNEY.
- Who are the officers and directors of TEAM ACADEMY?
- The 990 for the year ended June 30, 2025 lists 8 people; 6 received compensation from the organization, the highest $68,602 (JILL COURTNEY, EXECUTIVE DIRECTOR).
- How much revenue does TEAM ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,067,221, expenses of $2,089,739 and total assets of $902,990 at year end.
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