Nonprofit · EIN 87-3058139
VENTURE ACADEMY BUILDING COMPANY
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $772,779 | $891,785 | -$119,006 | $8,266,102 | $10,225,431 | -$1,959,329 |
| June 30, 2024 | 990 | $777,557 | $1,184,215 | -$406,658 | $8,380,515 | $10,220,838 | -$1,840,323 |
| June 30, 2023 | 990 | $730,555 | $1,007,893 | -$277,338 | $9,132,675 | $10,566,340 | -$1,433,665 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $721,823
- Investment income
- $50,956
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $17,800
- Depreciation
- $196,218
- Program services (functional)
- $891,785
Balance sheet and other
- Total assets, start of year
- $8,380,515
- Total assets, end of year
- $8,266,102
- Total liabilities, end of year
- $10,225,431
- Net assets, end of year
- -$1,959,329
- Land, buildings and equipment
- $7,304,269
- Gross receipts
- $772,779
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- 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 | From related orgs |
|---|---|---|---|---|
| HEIDI SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $84,076 |
| CHARLES ELLSWORTH | CHAIR Trustee or director, Officer | 1 | $0 | $46,175 |
| ELISE WEHRMAN | TREASURER Trustee or director, Officer | 1 | $0 | $6,423 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL WARNER | CHAIR Trustee or director, Officer | 1 | $0 | $92,715 |
| HEIDI SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $91,000 |
| ELISE WEHRMAN | TREASURER Trustee or director, Officer | 1 | $0 | $26,092 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL WARNER | CHAIR Trustee or director, Officer | 1 | $0 | $93,036 |
| HEIDI SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $87,299 |
| ELISE WEHRMAN | TREASURER Trustee or director, Officer | 1 | $0 | $77,961 |
Address and contacts
- Address (IRS master file)
- 315 27TH AVE SE, MINNEAPOLIS, MN 55414-3234
- In care of
- % MICHAEL WARNER
- Principal officer (990 for 2024)
- CHARLES ELLSWORTH, 315 27TH AVE SE, MINNEAPOLIS, MN 55414
- Signed the 990
- CHARLES ELLSWORTH, CHAIR
- Phone
- (612) 345-9040
- Return prepared by
- SCHLENNER WENNER & CO CPA'S PA
Mission
SUPPORTING VENTURE ACADEMIES SCHOOL IN SECURING A LONG TERM FACILITY TO MEET THEIR EDUCATIONAL MISSION.
Program accomplishments
- SUPPORTING VENTURE ACADEMIES SCHOOL IN SECURING A LONG TERM FACILITY TO MEET THEIR EDUCATIONAL MISSION.Expenses $891,785 · revenue $721,823
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
- 87-3058139
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $8,266,102
- Income (IRS master file)
- $772,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $772,779 | $891,785 | $8,266,102 | XML |
| 990 | June 2024 | $777,557 | $1,184,215 | $8,380,515 | XML |
| 990 | June 2023 | $730,555 | $1,007,893 | $9,132,675 | XML |
| 990 | June 2022 | $108,069 | $1,264,396 | $9,338,261 | 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 87-3058139).
Questions about VENTURE ACADEMY BUILDING COMPANY
- What is the EIN of VENTURE ACADEMY BUILDING COMPANY?
- The employer identification number (EIN) of VENTURE ACADEMY BUILDING COMPANY is 87-3058139.
- Is VENTURE ACADEMY BUILDING COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VENTURE ACADEMY BUILDING COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VENTURE ACADEMY BUILDING COMPANY 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 VENTURE ACADEMY BUILDING COMPANY 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 VENTURE ACADEMY BUILDING COMPANY 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 VENTURE ACADEMY BUILDING COMPANY?
- The 990 for the year ended June 30, 2025 names CHARLES ELLSWORTH.
- Who are the officers and directors of VENTURE ACADEMY BUILDING COMPANY?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does VENTURE ACADEMY BUILDING COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $772,779, expenses of $891,785 and total assets of $8,266,102 at year end.
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