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Partnership Academy

Richfield, MN · EIN 01-0701608 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Partnership Academy reported $12.2 million in revenue and $13.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.52 went to program services, $12.48 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.6% of the total. Government grants made up 99.6%. The highest compensation it reported for one person was $161,721 (Executive Director). 2 people received more than $100,000 in reportable compensation. Revenue rose 57% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $14M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
12.5%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
99.6%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
99.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$161,721$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.17%1.28%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-3.313.3
Independent voting board members
Part VI 1a–1b
5 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$12M expenses · 100.0% of program spending · revenue $44,370

Operation of an educational institution for approximately 530 students in grades preschool through eighth. Enrollment at the school continues to be strong and parent satisfaction is very high

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Executive Director
Officer, 40.00 hrs/week
$141,983$0$19,738$161,721
Director of Finance
Officer, 40.00 hrs/week
$125,626$0$10,992$136,618
Board Treasurer/Teacher
Director/trustee, officer, 41.00 hrs/week
$55,392$0$12,039$67,431
Board Director/Teacher
Director/trustee, 41.00 hrs/week
$50,644$0$10,626$61,270

2 people received more than $100,000 in reportable compensation from Partnership Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $362K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$12M$14M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$12M$14M87.5%−$3.7M$161,721
FY2024 ⓘ$12M$12M89.8%−$2.5M$164,566
FY2023 ⓘ$11M$11M89.6%−$1.9M$151,402
FY2022 ⓘ$11M$11M90.9%−$3.5M$145,678
FY2021 ⓘ$9.1M$8.8M90.2%−$3.6M$141,578
FY2020 ⓘ$7.7M$8.4M87.8%−$3.4M$138,881

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 5 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5140
  • Volunteers Part I, line 612

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Monarch Bus
Transportation
$524,294
CKC Good Food
Food Service
$446,981
Lake City Transportation
Transportation
$239,250
Zen Educate
Sub Services
$202,636
ProCare Therapy
SPED Services
$101,611

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Partnership Academy totaling $24 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Partnership Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Partnership Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Minnesota

Questions people ask

How much of Partnership Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Partnership Academy reported that 87.5% of its $13.8 million in expenses went to program services, 12.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Partnership Academy pay its top executive?

The largest total compensation Partnership Academy reported for one person in the fiscal year ending June 30, 2025 was $161,721, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Partnership Academy get its money?

Of $12.2 million in revenue in the fiscal year ending June 30, 2025, 99.6% came from contributions and grants (including 99.6% from government grants) and 0.2% from program service revenue (Form 990, Part VIII).

Is Partnership Academy a registered charity?

The IRS lists EIN 01-0701608 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631329349305328 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531299349302843 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349307407 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330559349301613 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241119349300339 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111129349301356 · read the filing

All filings for EIN 01-0701608: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.