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Aspen Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261305369 ✦ Savage, MN ✦ Designated as a 501(c)(3)

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Overview

What is Aspen Academy?

Aspen Academy is a nonprofit institution committed to providing a comprehensive education, emphasizing fundamental knowledge and nurturing a sense of community. Small class sizes encourage a welcoming atmosphere. The curriculum incorporates literature-enriched materials, Singapore math, and elementary programs in Spanish, art, music, and physical education, ensuring a well-balanced learning experience.


Official website here: www.aspenacademymn.org

What are the reviews and ratings of this charity?

**Aspen Academy - Charity Navigator Rating: 81% (Three-Star out of Four Stars)**

Aspen Academy has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. This score is derived solely from the Accountability & Finance beacon, which reflects the organization’s financial efficiency, sustainability, and governance practices. The majority of board members are independent, which enhances the transparency and trustworthiness of the organization.

The financial metrics indicate strong program expenses, with nearly 88% of resources directed towards programs, demonstrating a commitment to its mission. However, the organization has a concerning liabilities to assets ratio, which could raise questions about its financial stability. Additionally, while several governance policies are in place, the absence of the Tax Form 990 on the website is noted as a potential area for improvement.

User reviews from GreatNonprofits could not be retrieved, so public sentiment regarding the organization's impact and effectiveness remains unavailable. Overall, while Aspen Academy shows solid financial governance, potential donors and stakeholders may want to monitor its financial ratios and transparency practices moving forward.


This AI summary has been generated from information found on Charity Navigator.

Is Aspen Academy legitimate?

Aspen Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspen Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $232,873
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,437,503

For more financial information, click here


Official website here: www.aspenacademymn.org

What is the mission statement of Aspen Academy?

Aspen Academy's mission is centered around providing students with a comprehensive and foundational education. This is achieved through a curriculum that emphasizes core knowledge, utilizing literature-rich materials and Singapore math. The academy also ensures small class sizes to cultivate a sense of community. Additional elements of the curriculum include elementary programs in Spanish, art, music, and physical education, thereby offering a holistic learning experience.


Official website here: www.aspenacademymn.org

Who is the CEO of Aspen Academy?

Michael Faulise is the Chair of Aspen Academy.


Official website here: www.aspenacademymn.org

What is the revenue of Aspen Academy?

Aspen Academy's revenue in 2022 was $8,026,895.


Official website here: www.aspenacademymn.org

Who are the executives of Aspen Academy and what are their salaries?

The average compensation at Aspen Academy during 2022 was $33,367. There are 110 employees and 30 volunteers at Aspen Academy.


Here are 12 key members and their salaries:


Brandy Mosser (Member/Teacher)
  • Compensation: $56,337
  • Related: $0
  • Other: $12,292
Stephanie Smitley (Secretary/Teacher)
  • Compensation: $27,516
  • Related: $0
  • Other: $2,266
Michael Faulise (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Misty Schutrop (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Allison (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Price (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Petrenko (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Crakes (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Mong (Member/Teacher)
  • Compensation: $42,298
  • Related: $0
  • Other: $3,766
Melanie Jiskra (Interim Executive Director)
  • Compensation: $118,917
  • Related: $0
  • Other: $9,659
Diane Sterna (Former Member/Teacher)
  • Compensation: $56,596
  • Related: $0
  • Other: $6,965
Stephanie Peterson (Former Member/Teacher)
  • Compensation: $23,812
  • Related: $0
  • Other: $6,965


Official website here: www.aspenacademymn.org

Where can I find the form 990 for Aspen Academy?

Aspen Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aspenacademymn.org

Learn more at the official website: www.aspenacademymn.org

Mission Statement of Aspen Academy

Aspen Academy, a reputable educational institution, is dedicated to providing students with a comprehensive and foundationally strong education. It achieves this by emphasizing core knowledge and implementing small class sizes that promote a sense of community. The academy's curriculum is rich in literature and incorporates the Singapore math method, ensuring a well-rounded educational experience. Additionally, Aspen Academy offers specialized programs in Spanish, art, music, and physical education for its elementary students, thereby fostering a holistic learning environment.

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Impact




October, 2024

Aspen Academy has a significant impact on the educational landscape by providing students with a well-rounded, core knowledge-based education that emphasizes both academic excellence and personal development. With a curriculum enriched by literature, Singapore math, and diverse elementary programs, Aspen Academy fosters a holistic learning environment. The small class sizes enhance community engagement, allowing for personalized attention and nurturing relationships between students and educators.

This approach not only promotes academic achievement but also cultivates essential skills in the arts, languages, and physical education, preparing students for a well-rounded life. By prioritizing a comprehensive educational experience, Aspen Academy equips students with the tools they need to thrive academically and socially, contributing positively to their communities in Savage, MN, and beyond.




This information is meant to be a general summary of Aspen Academy. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,026,895 (2022)
Expenses
$7,986,795 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1
  • Program Service Revenue: $113,916
  • Gross Receipts: $8,026,895

Assets and Liabilities:

  • Total Assets: $4,071,850
  • Total Liabilities: $6,244,040
  • Net Assets: -$2,172,190

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION REVENUE

Revenue

$74,672

FEES FROM PATRONS

Revenue

$30,116

MEDICAL ASSISTANCE

Revenue

$9,128

Organization Details

Founding Year

2007

Principal Officer

Michael Faulise

Main Address

14825 ZINRAN AVENUE, SAVAGE, MN, 55378

NTEE Category

Code: B29 - Education

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