Mounds Park Academy
Nonprofit profile at a glance
- EIN
- 411420915
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- St Paul, MN, USA
- Phone
- 6517485507
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $22,925,021
- Expenses
- $23,328,793
- Assets
- $31,207,377
- Liabilities
- $9,367,453
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Highest reported compensation
- DR WILLIAM HUDSON (HEAD OF SCHOOL): $396,497 total reported compensation
- JAY DEAN (ASSISTANT SCHOOL DIRECTOR): $182,900 total reported compensation
- JENNIFER LE VARGE (LOWER SCHOOL DIRECTOR): $173,367 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To teach students to think independently, communicate effectively and act with respect and integrity in a diverse community that models intellectual ambition, global responsibility and the joy of learning.
What it reported doing in 2024
Operate a co-educational, non-denominational college preparatory school in st. Paul, Minnesota, teaching students in grades pre-k through 12. Mounds park academy served approximately 500 students. One-hundred percent of the academy's students are admitted to four-year colleges and universities. The academy's curriculum focuses on collaboration; experiential, hands-on learning; and provides over 70 activities including fine arts, academics, social awareness and athletics at its 32 acre campus in st. Paul.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 87
- Accountability: 88
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 80.4%; rating input score 80
- Fundraising efficiency: $4.56 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.2%; rating input score 95; 29th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.8%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 1.34; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 10th percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 80.4% of spending went to programs
- Governance: 20 of 21 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $18.7M in reported program spending
- Leadership: top reported pay $396K · 28 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 18/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Operating margin scored 24/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.