Nonprofit · EIN 46-1249634
ART AND SCIENCE ACADEMY INC
Tax-exempt · ISANTI, MN 55040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,448,053 | $5,334,817 | -$886,764 | $2,200,152 | $2,828,919 | -$628,767 |
| June 30, 2024 | 990 | $5,125,729 | $4,535,657 | $590,072 | $3,333,005 | $3,110,658 | $222,347 |
| June 30, 2023 | 990 | $4,979,139 | $4,497,524 | $481,615 | $3,872,235 | $4,231,163 | -$358,928 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,333,262
- of which government grants
- $4,329,552
- Program service revenue
- $102,800
- Investment income
- $1,196
- Net rental income
- $451
- Net gain from sales of assets
- -$12,747
- Net income from sales of inventory
- $9,102
- Other revenue
- $10,795
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $238,529
- Other salaries and wages
- $2,469,376
- Salaries, compensation and benefits (total)
- $3,183,952
- Professional fundraising fees
- $0
- Legal fees
- $12,640
- Accounting fees
- $116,600
- Occupancy
- $711,059
- Travel
- $51,016
- Depreciation
- $80,104
- Program services (functional)
- $4,328,186
- Management and general (functional)
- $1,006,631
Balance sheet and other
- Total assets, start of year
- $3,333,005
- Total assets, end of year
- $2,200,152
- Total liabilities, end of year
- $2,828,919
- Net assets, end of year
- -$628,767
- Land, buildings and equipment
- $272,723
- Gross receipts
- $4,461,668
- Employees
- 96
- Volunteers
- 30
- Year formed
- 2014
- 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 |
|---|---|---|---|---|
| Cora Packard | Executive Director Officer | 40 | $68,596 | $8,911 |
| Andrea Patton | Board Treasurer and Teacher Member Trustee or director, Officer | 41 | $47,090 | $7,694 |
| Allison Minikus | Board Treasurer and Teacher Member Trustee or director, Officer | 41 | $42,257 | $9,121 |
| Kara Dahl | Board Secretary and Community Member Trustee or director, Officer | 1 | $500 | $0 |
| Adam Schorer | Board Chair and Parent Member Trustee or director, Officer | 1 | $0 | $0 |
| Kristy Livingston | Board Vice Chair and Parent Member Trustee or director, Officer | 1 | $0 | $0 |
| Rya Reynolds | Board Treasurer and Teacher Member Trustee or director, Officer | 41 | $0 | $0 |
| Christy Flaspeter | Parent Member Trustee or director | 1 | $0 | $0 |
| Amber Brown | Parent Member Trustee or director | 1 | $0 | $0 |
| Erin Engness | Community Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Paula Foley | Interim Executive Director Officer | 40 | $139,035 | $0 |
| Nikki Draper | Teacher Member Trustee or director | 40 | $46,640 | $9,968 |
| Kara Dahl | Board Secretary and Teacher Member Trustee or director, Officer | 40 | $33,843 | $7,140 |
| Roberta Provost | Board Chair and Community Member Trustee or director, Officer | 5 | $0 | $0 |
| Adam Schorer | Board Vice Chair and Parent Member Trustee or director, Officer | 1 | $0 | $0 |
| Christy Flaspeter | Parent Member Trustee or director | 1 | $0 | $0 |
| Christy Livingston | Parent Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA DAHL | SECRETARY - TEACHER Trustee or director, Officer | 41 | $48,845 | $14,703 |
| CARMEL LEASURE | MEMBER - TEACHER Trustee or director | 41 | $22,100 | $31,667 |
| NATE SEVERSON | TREASURER - TEACHER Trustee or director, Officer | 41 | $42,427 | $10,802 |
| PAULA FOLEY | EXECUTIVE DIRECTOR Officer | 40 | $19,840 | $0 |
| ROBERTA PROVOST | CHAIR - PARENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN BOOTH | MEMBER - COMMUNITY Trustee or director | 1 | $0 | $0 |
| ADAM SCHORER | MEMBER - PARENT Trustee or director | 1 | $0 | $0 |
| CHRISTY FLASPETER | MEMBER - PARENT Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 903 6TH AVENUE CT NE, ISANTI, MN 55040-3208
- Mailing address (990-N for 2013)
- 903 6th Ave Court NE, Isanti MN 55040
- Principal officer (990 for 2024)
- Cora Packard, 903 6th Ave Court NE, Isanti, MN 55040
- Principal officer (990-N for 2013)
- Carlo Galeazzi, 903 6th Avenue Court NE, Isanti MN 55040
- Signed the 990
- Cora Packard, Executive Director
- Phone
- (763) 444-0342
- Website
- www.artscienceacademy.org
- Return prepared by
- Abdo LLP
Mission
The Mission of Art and Science Academy Inc. is to provide outstanding artistic and scientific programs.
Program accomplishments
- Art and Science Academy is a comprehensive tuition-free public school offering a rigorous academic program while integrating the visual and performing arts into each and every school day. Open to all K-8 students, Art & Science Academy is a unique learning environment where dedicated teachers inspire students to realize their potential as individuals, as students, as artists, and as members of a local and global community. Students learn in small classes and receive all necessary academic support.Expenses $4,328,186 · revenue $104,042
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
- 46-1249634
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $2,200,152
- Income (IRS master file)
- $4,461,668
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,448,053 | $5,334,817 | $2,200,152 | IRS |
| 990 | June 2024 | $5,125,729 | $4,535,657 | $3,333,005 | IRS |
| 990 | June 2023 | $4,979,139 | $4,497,524 | $3,872,235 | XML |
| 990 | June 2022 | $5,346,674 | $4,744,217 | $3,569,592 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Carlo Galeazzi | June 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-1249634).
Questions about ART AND SCIENCE ACADEMY INC
- What is the EIN of ART AND SCIENCE ACADEMY INC?
- The employer identification number (EIN) of ART AND SCIENCE ACADEMY INC is 46-1249634.
- Is ART AND SCIENCE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ART AND SCIENCE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ART AND SCIENCE ACADEMY INC 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 ART AND SCIENCE ACADEMY INC 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 ART AND SCIENCE ACADEMY INC 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 ART AND SCIENCE ACADEMY INC?
- The 990 for the year ended June 30, 2025 names Cora Packard.
- Who are the officers and directors of ART AND SCIENCE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 4 received compensation from the organization, the highest $68,596 (Cora Packard, Executive Director).
- How much revenue does ART AND SCIENCE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,448,053, expenses of $5,334,817 and total assets of $2,200,152 at year end.
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