ARETE ACADEMY

EIN: 465681606 501(c)(3) Education

MINNETONKA, MN

Total Revenue
$556,089
Total Expenses
$567,989
Total Assets
$616,914
Net Assets
$592,338
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MN
Principal Officer
LEAH BRZEZINSKI
Phone
9527377601
Tax Period
2022-07-01 to 2023-06-30

ARETE ACADEMY, founded in 2014, is a small nonprofit in the Education sector that reported $556K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

ARETE ACADEMY OF EXCEPTIONAL EDUCATION IS COMMITTED TO PARTNERING WITH STUDENTS, PARENTS, AND THE COMMUNITY TO PROVIDE A NURTURING ENVIRONMENT FOR GIFTED STUDENTS WHO LEARN DIFFERENTLY. AT ARETE, EACH STUDENT'S UNIQUE GIFTS ARE RECOGNIZED AND CELEBRATED, AND THEIR LEARNING DIFFERENCES ARE ACCEPTED AND SUPPORTED. STUDENTS EXPERIENCE A SENSE OF BELONGING AND BUILD SELF-ESTEEM THROUGH PROGRAMMING FOCUSED ON STRENGTH-BASED LEARNING, FLEXIBILITY, EDUCATIONAL TECHNOLOGY, AND A COMMITMENT TO EMBRACING THE WHOLE CHILD. WE STRIVE TO MEET EACH STUDENT'S ACADEMIC, SOCIAL AND EMOTIONAL NEEDS TO ENCOURAGE THEM TO REACH THEIR FULL POTENTIAL AND APPLY THEIR GIFTS TO MAKE LASTING CONTRIBUTIONS TO THEIR COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $48,982
Program Service Revenue $507,107
Investment Income $0
Other Revenue $0
TOTAL REVENUE $556,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $390,319
Fundraising Expenses $0
Program Expenses $460,776
Other Expenses $177,670
TOTAL EXPENSES $567,989

Year-over-Year Comparison

2022 2021 Change
Revenue $556,089 $599,131 -0.1%
Expenses $567,989 $622,472 -0.1%
Net Income $-11,900 $-23,341 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$113,084
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB BRZEZINSKI FOUNDER 4.00
Officer Director
$0 $0 $0
ERICA BUGENHAGEN BOARD MEMBER 0.25
Director
$0 $0 $0
CHRISSY BURNSIDE SECRETARY 0.25
Officer Director
$0 $0 $0
KATY HOKANSON VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
DIANE MONCRIEF BOARD MEMBER 0.25
Director
$0 $0 $0
BLAKE SCHMIDT BOARD MEMBER 0.25
Director
$0 $0 $0
DIANE SPANGLER TREASURER 10.00
Officer Director
$0 $0 $0
LEAH BRZEZINSKI CHAIR 20.00
Officer
$0 $0 $0
MAXWELL S MELBY DIRECTOR 0.50
Officer
$63,994 $0 $63,994
ANNE DUNNINGAN STAFF SECRETARY 0.50
Officer
$18,962 $0 $18,962
JAMIE M TEIGEN ASSISTANT DIRECTOR 0.50
Officer
$30,128 $0 $30,128
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $556,089 $567,989 $616,914 $-11,900
2022 $599,131 $622,472 $638,027 $-23,341
2021 $1,006,828 $627,525 $768,003 $379,303
2020 $779,839 $705,809 $384,923 $74,030
2019 $982,189 $915,785 $269,235 $66,404
2018 $950,527 $924,212 $311,995 $26,315
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