STRATEGY STUDIO / PUBLIC DATA EXPLORER

PRODEO ACADEMY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PRODEO ACADEMY (EIN 80-0743744)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202501359349309055
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T12:46:21-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471019942PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CREATIVE PLANNING TAX LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 E PARK AVE STE 300AddressLine1Txt
CityWATERLOOCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50703ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800743744EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PRODEO ACADEMY CHARTER SCHOOL #4213BusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRODBusinessNameControlTxt
Phone7632059950PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14141 UNIVERSITY AVENUE NEAddressLine1Txt
CityCOLUMBIA HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55421ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD CAMPIONPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7632059950PhoneNum
Signature2025-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE M HEKELPreparerPersonNm
PTINP01440878PTIN
Phone3192346885PhoneNum
Preparation2025-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD CAMPIONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14141 UNIVERSITY AVENUE NEAddressLine1Txt
CityCOLUMBIA HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55421ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$23,533,334GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPRODEOACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionPRODEO ACADEMY IS A COLLEGE PREPARATORY SCHOOL.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee305TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$18,456,747PYContributionsGrantsAmt
CY Contributions Grants$23,431,604CYContributionsGrantsAmt
PY Program Service Revenue$832PYProgramServiceRevenueAmt
CY Program Service Revenue$84,785CYProgramServiceRevenueAmt
PY Investment Income$4,024PYInvestmentIncomeAmt
CY Investment Income$1,786CYInvestmentIncomeAmt
PY Other Revenue$119,110PYOtherRevenueAmt
CY Other Revenue$15,159CYOtherRevenueAmt
PY Total Revenue$18,580,713PYTotalRevenueAmt
CY Total Revenue$23,533,334CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$11,965,099PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$15,121,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$7,516,986PYOtherExpensesAmt
CY Other Expenses$8,076,237CYOtherExpensesAmt
PY Total Expenses$19,482,085PYTotalExpensesAmt
CY Total Expenses$23,197,237CYTotalExpensesAmt
PY Revenues Less Expenses-$901,372PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$336,097CYRevenuesLessExpensesAmt
Total Assets BOY$10,301,879TotalAssetsBOYAmt
Total Assets EOY$10,903,090TotalAssetsEOYAmt
Total Liabilities BOY$15,595,835TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,089,410TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$5,293,956NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$6,186,320NetAssetsOrFundBalancesEOYAmt
MissionPRODEO ACADEMY IS A COLLEGE PREPARATORY SCHOOL THAT PREPARES STUDENTS TO BE CRITICAL THINKERS AND INTELLIGENT LEADERS, EXPANDING THEIR OPPORTUNITIES TO CONTRIBUTE POSITIVELY AND PRODUCTIVELY TO SOCIETY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$19,749,468ExpenseAmt
Revenue$99,944RevenueAmt
DescPRODEO ACADEMY EDUCATED 992 STUDENTS IN PRE-K THROUGH 8TH GRADE DURING THE 2023-2024 SCHOOL YEAR. PRODEO ACADEMY PROVIDES INDIVIDUALIZED INSTRUCTION FOR EVERY CHILD.Desc
Total Program Service Expenses$19,749,468TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document37IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee305EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7632059950PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14141 UNIVERSITY AVENUE NEAddressLine1Txt
CityCOLUMBIA HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55421ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MATTHEW DANIELS
MEMBER/TEACHER42.000.00Yes (X)$63,582$0$18,542
ERIC HARRIS
CHAIRPERSON2.000.00Yes (X)$0$0$0Yes (X)
ERIC JOHNSON
TREASURER2.000.00Yes (X)$0$0$0Yes (X)
JOEL GREEN
SECRETARY2.000.00Yes (X)$0$0$0Yes (X)
ANNE SUMANGIL
MEMBER2.000.00Yes (X)$0$0$0
BENSON WHITNEY
MEMBER2.000.00Yes (X)$0$0$0
DAVID HARTMAN
MEMBER2.000.00Yes (X)$0$0$0
ALISSA BARES
MEMBER2.000.00Yes (X)$0$0$0
DARRELL THOMPSON
MEMBER2.000.00Yes (X)$0$0$0
APRIL LITTLE
MEMBER2.000.00Yes (X)$0$0$0
TAMERA JENKINS
MEMBER2.000.00Yes (X)$0$0$0
RICHARD CAMPION
EXECUTIVE DIRECTOR40.000.00$202,640$0$18,068Yes (X)
MICHAEL KURHAJETZ
VP OF OPERATIONS AND COMPLIANCE40.000.00$114,128$0$33,069Yes (X)
CHANCEY ANDERSON TAUER
CEO SCHOOL DEVELOPMENT40.000.00$188,112$0$17,340Yes (X)
LIZ FERGUSON
PRINCIPAL40.000.00$114,325$0$30,439Yes (X)
STEVEN WARD
PRINCIPAL40.000.00$121,696$0$16,522Yes (X)
JESSICA HAYES
DIRECTOR OF INSTRUCTION40.000.00$107,942$0$7,660Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$912,425TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$141,640TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
4MATIV TECHNOLOGIES
959 DAYTON AVEST PAULMN55104TRANSPORTATION SERVICES$2,902,511
TRIO COMMUNITY MEALS
PO BOX 742992ATLANTAGA30374FOOD SERVICE$705,212
PK PROPERTY SERVICES LLC
2542 KASOTA AVEST PAULMN55108JANITORIAL SERVICES$339,999
CKC GOOD FOOD
2919 WEST SERVICE ROADEAGANMN55121FOOD SERVICE$327,946
PROPEL NONPROFITS
1 SE MAIN STREET SUITE 600MINNEAPOLISMN55414CONSULTING SERVICES$316,726
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K11CntrctRcvdGreaterThan100KCnt
Related Organizations$114,000RelatedOrganizationsAmt
Government Grants$21,706,181GovernmentGrantsAmt
All Other Contributions$1,611,423AllOtherContributionsAmt
Total Contributions$23,431,604TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FEES FROM STUDENTS611710$56,222$56,222
MEDICAL ASSISTANCE611710$28,563$28,563
FieldValueIRS element (for citing)
Total Program Service Revenue$84,785TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,786TotalRevenueColumnAmt
Exclusion$1,786ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$15,159TotalRevenueColumnAmt
Related Or Exempt Func Income$15,159RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$15,159OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,533,334TotalRevenueColumnAmt
Related Or Exempt Func Income$99,944RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,786ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$683,773TotalAmt
Program Services$85,800ProgramServicesAmt
Management And General$597,973ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$11,349,284TotalAmt
Program Services$9,968,730ProgramServicesAmt
Management And General$1,380,554ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$990,424TotalAmt
Program Services$877,927ProgramServicesAmt
Management And General$112,497ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$962,512TotalAmt
Program Services$812,760ProgramServicesAmt
Management And General$149,752ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,135,007TotalAmt
Program Services$967,027ProgramServicesAmt
Management And General$167,980ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$19,624TotalAmt
Management And General$19,624ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$183,196TotalAmt
Management And General$183,196ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,573,736TotalAmt
Program Services$4,407,784ProgramServicesAmt
Management And General$165,952ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$444,599TotalAmt
Program Services$178,437ProgramServicesAmt
Management And General$266,162ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$288,082TotalAmt
Program Services$116,704ProgramServicesAmt
Management And General$171,378ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,369,183TotalAmt
Program Services$1,369,183ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$36,162TotalAmt
Program Services$35,357ProgramServicesAmt
Management And General$805ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$240,299TotalAmt
Program Services$114,279ProgramServicesAmt
Management And General$126,020ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$415,422TotalAmt
Program Services$397,859ProgramServicesAmt
Management And General$17,563ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$69,903TotalAmt
Program Services$69,903ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EQUIPMENT RENTAL & REPA$178,393$178,393
SUPPLIES$151,847$151,847
DUES/MEMBERSHIP FEES$90,230$1,917$88,313
FIELD TRIPS$15,561$15,561

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$23,197,237TotalAmt
Program Services$19,749,468ProgramServicesAmt
Management And General$3,447,769ManagementAndGeneralAmt
Fundraising$0FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$104,021BOYAmt
EOY$158,846EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,300BOYAmt
EOY$1,300EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,959,650BOYAmt
EOY$4,489,108EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$113,041BOYAmt
EOY$62,634EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$680,418LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$305,608LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$277,337BOYAmt
EOY$374,810EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$6,846,530BOYAmt
EOY$5,816,392EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,301,879BOYAmt
EOY$10,903,090EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,444,021BOYAmt
EOY$2,992,287EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$548,425BOYAmt
EOY$1,500,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,603,389BOYAmt
EOY$12,597,123EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,595,835BOYAmt
EOY$17,089,410EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$5,293,956BOYAmt
EOY-$6,186,320EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$5,293,956BOYAmt
EOY-$6,186,320EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,301,879BOYAmt
EOY$10,903,090EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$336,097ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,228,461OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$680,418OtherCostOrOtherBasisAmt
Depreciation$305,608DepreciationAmt
Book Value$374,810BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$374,810TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DEFERRED OUTFLOWS RELATED TO PENSION$4,633,308
RIGHT OF USE ASSETS$1,183,084
FieldValueIRS element (for citing)
Total Book Value Other Assets$5,816,392TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
DEFERRED INFLOWS RELATED TO PENSIONS$906,994
NET PENSION LIABILITY$9,994,023
DUE TO FRIENDS OF PRODEO$371,015
LEASE LIABILITIES$1,325,091
FieldValueIRS element (for citing)
Total Liability$12,597,123TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3WE MEET WITH FAMILIES PERSONALLY AND EXPLAIN TO EACH OF THEM THAT THIS IS A PUBLIC SCHOOL AND WE DO NOT DISCRIMINATE IN ANY WAY. IT IS THEIR CHOICE WHETHER TO SEND THEIR CHILD TO OUR SCHOOL AND WE WILL TAKE THEM / ENROLL THEM.
SCHEDULE E, PART I, LINE 6AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICHARD CAMPION
EXECUTIVE DIRECTOR$187,640$0$0$0$15,000$0$17,545$0$523$0$220,708$0$0$0
CHANCEY ANDERSON TAUER
CEO SCHOOL DEVELOPMENT$187,074$0$0$0$1,038$0$16,313$0$1,027$0$205,452$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ABOARD OF DIRECTOR ELECTION PROCEDURES SHALL COMPLY WITH MINNESOTA STATUTE 124E.07. STAFF MEMBERS EMPLOYED AT THE SCHOOL, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD OF DIRECTORS REVIEW A PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL VENDOR PAYMENTS ARE VERIFIED AT THE TIME OF PAYMENT THAT THERE ARE NO CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15ATHE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DEVELOPED BY THE EXECUTIVE COMMITTEE OF THE PRODEO ACADEMY BOARD OF DIRECTORS AND INCLUDED A REVIEW OF COMPENSATION MODELS FROM CHARTER SCHOOLS OF SIMILAR SIZE AND SCOPE, AS WELL AS COMPARABLE PRIVATE AND PUBLIC INSTITUTIONS. THE EXECUTIVE COMMITTEE INCLUDES THREE BOARD MEMBERS FROM VARYING PROFESSIONAL BACKGROUNDS. EACH INDEPENDENTLY REVIEWED THE EXECUTIVE DIRECTOR AND THEN COMPILED DATA AND REACHED CONSENSUS ON COMPENSATION BASED ON THE PERFORMANCE REVIEW DATA.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
FORM 990, PART VII, SECTION A:RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. MATTHEW DANIELS IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR HIS SERVICES AS A TEACHER.
FORM 990, PART IX, LINE 11GOTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 1,212,315. MANAGEMENT AND GENERAL EXPENSES 165,952. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,378,267. FOOD SERVICES: PROGRAM SERVICE EXPENSES 971,681. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 971,681. TRANSPORTATION: PROGRAM SERVICE EXPENSES 2,223,788. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,223,788.
FORM 990, PART X, LINE 25:PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES.
FORM 990, PART XI, LINE 9:GASB 68 - PENSION ADJUSTMENT -1,228,461. TRANSFER BETWEEN FUNDS

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
FRIENDS OF PRODEO ACADEMY
620 OLSON MEMORIAL HWYMINNEAPOLISMN55411834687701BUILDING COMPANYMN501(C)(3)LINE 12A, IPRODEO ACADEMYYes (1)
PRODEO FOUNDATION
4141 UNIVERSITY AVENUE NECOLUMBIA HEIGHTSMN55421834369937PRODEO ACADEMY FOUNDATIONMN501(C)(3)LINE 10PRODEO ACADEMYYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
FRIENDS OF PRODEO ACADEMY
D$371,015YEAR-END BALANCE
FRIENDS OF PRODEO ACADEMY
K$1,076,831LEASE AGREEMENT
PRODEO FOUNDATION
C$114,000GRANT AMOUNT