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Friends Of Spero Academy

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

EIN: 815382949 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of Spero Academy?

Friends of Spero Academy is a nonprofit organization situated in Minneapolis, Minnesota. The primary objective of this organization is to support Spero Academy, a Minnesota public charter school, by purchasing, owning, constructing, or leasing a facility for the school to use. This initiative aims to provide a suitable learning environment for Spero Academy's students, contributing to their educational growth and development.


Official website here: www.spero.academy

Is Friends Of Spero Academy legitimate?

Friends Of Spero Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Spero 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.spero.academy

What is the mission statement of Friends Of Spero Academy?

The mission of Friends of Spero Academy is centered around supporting Spero Academy, a Minnesota public charter school. Specifically, Friends of Spero Academy aims to procure, own, construct, or lease a public schoolhouse for lease to Spero Academy. This organization's primary objective is to provide a suitable facility for Spero Academy to operate and provide quality education to its students.


Official website here: www.spero.academy

Who is the CEO of Friends Of Spero Academy?

Tony Farah is the Chair of Friends Of Spero Academy.


Official website here: www.spero.academy

What is the revenue of Friends Of Spero Academy?

Friends Of Spero Academy's revenue in 2022 was $1,435,490.


Official website here: www.spero.academy

Who are the executives of Friends Of Spero Academy and what are their salaries?

There 3 volunteers at Friends Of Spero Academy.


Here are 3 key members and their salaries:


Tony Farah (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Wahlstrom (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chandra Stone (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.spero.academy

Where can I find the form 990 for Friends Of Spero Academy?

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


Official website here: www.spero.academy

Learn more at the official website: www.spero.academy

Mission Statement of Friends Of Spero Academy

Friends of Spero Academy is an organization with a primary mission to support Spero Academy, a Minnesota public charter school. Specifically, Friends of Spero Academy aims to purchase, own, construct, or lease a public schoolhouse on real estate, which they would then lease to Spero Academy. This mission is crucial for providing a suitable learning environment for the students at Spero Academy. By acquiring and managing a facility for the school, Friends of Spero Academy contributes to the educational success of its students, ensuring they have access to a comfortable and conducive learning space. This support enables Spero Academy to continue its mission of providing quality education to its students in Minnesota.

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Impact




October, 2024

Friends Of Spero Academy has a significant impact by enabling the construction and leasing of a dedicated facility for Spero Academy, a public charter school in Minneapolis, MN. This initiative enhances the educational environment for students, providing them access to a well-equipped learning space that facilitates their growth and development. By ensuring the availability of a suitable schoolhouse, Friends Of Spero Academy supports the mission of Spero Academy, fostering a community-focused approach to education. The organization's efforts not only contribute to the physical infrastructure needed for effective teaching and learning but also enhance the overall educational landscape in the region.




This information is meant to be a general summary of Friends Of Spero 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
$1,435,490 (2022)
Expenses
$2,088,155 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $926
  • Program Service Revenue: $1,434,564
  • Gross Receipts: $1,435,490

Assets and Liabilities:

  • Total Assets: $16,643,995
  • Total Liabilities: $19,136,938
  • Net Assets: -$2,492,943

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Programs

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

RENTAL INCOME

Revenue

$1,434,564

Organization Details

Founding Year

2016

Principal Officer

Tony Farah

Main Address

2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN, 55418

NTEE Category

Code: B11 - Education

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