Nonprofit · EIN 38-3773629
CHESTERTON ACADEMY
Tax-exempt · HOPKINS, MN 55343
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $3,551,488 | $2,372,529 | $1,178,959 | $2,826,314 | $165,811 | $2,660,503 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $2,079,211
- Program service revenue
- $1,366,541
- Investment income
- $41,570
- Net gain from sales of assets
- $13,100
- Net income from fundraising events
- $36,656
- Net income from gaming
- $27,510
- Other revenue
- $64,166
Expenses
- Grants and similar amounts paid
- $257,959
- Compensation of officers, directors and key employees
- $132,000
- Other salaries and wages
- $1,066,859
- Salaries, compensation and benefits (total)
- $1,295,206
- Professional fundraising fees
- $0
- Accounting fees
- $105,654
- Occupancy
- $403,520
- Travel
- $2,510
- Depreciation
- $37,292
- Program services (functional)
- $1,841,354
- Management and general (functional)
- $322,529
- Fundraising (functional)
- $208,646
Balance sheet and other
- Total assets, start of year
- $1,492,407
- Total assets, end of year
- $2,826,314
- Total liabilities, end of year
- $165,811
- Net assets, end of year
- $2,660,503
- Land, buildings and equipment
- $157,370
- Publicly traded securities
- $1,693,022
- Net assets without donor restrictions
- $1,266,035
- Net assets with donor restrictions
- $1,394,468
- Gross receipts
- $3,671,166
- Employees
- 32
- Volunteers
- 60
- Year formed
- 2008
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER OLLEY | HEADMASTER Officer | 40 | $106,820 |
| JAY WARD | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 |
| DALE AHLQUIST | DIRECTOR Trustee or director | 1 | $0 |
| KATHERINE KERSTEN | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN METZINGER | DIRECTOR Trustee or director | 1 | $0 |
| CASEY SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| TOM SCHULZETENBERG | DIRECTOR Trustee or director | 1 | $0 |
| MATT SAXE | DIRECTOR Trustee or director | 1 | $0 |
| JEFF CAMPBELL | DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1320 MAINSTREET, HOPKINS, MN 55343-7403
- In care of
- % DANIEL KELLY
- Principal officer (990 for 2022)
- JAY WARD, 1320 MAINSTREET, HOPKINS, MN 55343
- Signed the 990
- JAY WARD, CHAIRMAN
- Phone
- (952) 378-1779
- Website
- WWW.CHESTERTONACADEMY.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE PURPOSE OF CHESTERON ACADEMY IS TO NURTURE THE MINDS AND THE SOULS OF OUR CHILDREN THROUGH AN INTEGRATED EDUCATION. WE BELIEVE THAT ALL TRUTHS ARE RELATED TO THE CENTRAL TRUTH OF THE INCARNATION, CRUCIFIXION, AND THE RESURRECTION OF JESUS CHRIST. FAITH AND REASON DO NOT CONTRADICT ONE ANOTHER, NOR ARE THEY TO BE SEGREGATED FROM ONE ANOTHER. THROUGH THE STUDY OF ART, MUSIC, LITERATURE, LANGUAGE, HISTORY, MATH, SCIENCE, PHILOSOPHY, AND RELIGION, WE WANT TO PREPARE OUR CHIDREN TO THINK BOTH RATIONALLY AND CREATIVELY, TO DEFEND THEIR FAITH, TO CONTRIBUTE POSITIVELY TO SOCIETY AND TO PROMOTE A CULTURE OF LIFE.
Program accomplishments
- 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.Expenses $1,841,354 · grants $257,959 · revenue $1,366,541
What it must file and when
IRS records say it files Not required (religious organization). 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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 38-3773629
- 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
- 2009
- Accounting year ends
- June
- Files
- Not required (religious organization)
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $2,826,314
- Income (IRS master file)
- $3,671,166
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $3,551,488 | $2,372,529 | $2,826,314 | XML |
| 990 | June 2022 | $2,430,966 | $2,086,480 | $1,492,407 | 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 38-3773629).
Questions about CHESTERTON ACADEMY
- What is the EIN of CHESTERTON ACADEMY?
- The employer identification number (EIN) of CHESTERTON ACADEMY is 38-3773629.
- Is CHESTERTON ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to CHESTERTON ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHESTERTON ACADEMY file?
- Form Not required (religious organization).
- When is the next return of CHESTERTON 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 CHESTERTON ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of CHESTERTON ACADEMY?
- The 990 for the year ended June 30, 2023 names JAY WARD.
- Who are the officers and directors of CHESTERTON ACADEMY?
- The 990 for the year ended June 30, 2023 lists 9 people; 1 received compensation from the organization, the highest $106,820 (CHRISTOPHER OLLEY, HEADMASTER).
- How much revenue does CHESTERTON ACADEMY have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $3,551,488, expenses of $2,372,529 and total assets of $2,826,314 at year end.
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