GROVES ACADEMY

ST LOUIS PARK, MN, 55416-2175 (952) 920-6377 Est. 1971 EIN 41-0979871

B280— Education Form 990 501(c)(3)

Mission

OUR VISION IS TO REDEFINE THE WAY OUR NATION IS TAUGHT, ONE STUDENT, ONE TEACHER AND ONE EDUCATIONAL ORGANIZATION AT A TIME.

Total Revenue

$19,302,206

Total Expenses

$18,853,072

Net Assets

$29,252,354

231 employees 73 volunteers

From latest filing (tax period ending 2024-08-31)

Operating Reserve

18.6 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 40.9%

Expenses ↑ 15.1%

Revenue Sources

Contributions 17.0% Earned revenue 80.2% Investment 2.8%

Expense Breakdown

Program 72.5% Management 22.2% Fundraising 5.3%

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Year	Revenue	Expenses	Net Assets
2023 Form 990 Sep 1, 2023 to Aug 31, 2024	$19,302,206 ↓	$18,853,072	$29,252,354
2022 Form 990 Sep 1, 2022 to Aug 31, 2023	$32,638,289 ↑	$16,378,635	$27,837,774
2021 Form 990 Sep 1, 2021 to Aug 31, 2022	$17,013,075 ↓	$15,936,426	$13,412,716
2020 Form 990 Sep 1, 2020 to Aug 31, 2021	$17,504,895 ↑	$14,994,724	$13,096,206
2019 Form 990 Sep 1, 2019 to Aug 31, 2020	$14,018,129 ↑	$13,462,634	$10,226,373
2017 Form 990 Sep 1, 2017 to Aug 31, 2018	$11,988,517	$11,988,018	$9,678,415