Spero Academy

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

EIN: 200309518 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is Spero Academy?

Spero Academy, located in Minneapolis, Minnesota, is a nonprofit organization that has been in operation for 18 years. With a strong focus on serving students with disabilities, Spero Academy currently caters to 142 students, with over 92% of its population falling under this category. The demand for the school's services is evident, as its waitlist has expanded to over 300 students. The organization aims to reach its maximum capacity of 225 students by the fifth year in its new facility, and it is successfully meeting its budgetary goals associated with the facility's operation and growing enrollment. Spero Academy is renowned for providing a personalized and adaptive education to help students grow academically, emotionally, and socially. The institution consistently receives high marks in all evaluations conducted by the University of St. Thomas, its authorizer.


Official website here: www.spero.academy

Is Spero Academy legitimate?

Spero Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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.

Here are some key statistics you may want to consider:

Executive Compensation: $179,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,624,621

For more financial information, click here


Official website here: www.spero.academy

What is the mission statement of Spero Academy?

Spero Academy's mission is centered around providing a customized and flexible education for its students, aiming to foster their academic, emotional, and social growth. The Academy has completed its 18th year of operation and served 142 students, with an overwhelming majority being students with disabilities. Despite a waitlist exceeding 300 students, the academy is progressing towards its goal of accommodating up to 225 students by the fifth year in its new facility, while successfully meeting all associated budgetary objectives. Spero Academy consistently receives positive evaluations from the University of St. Thomas, its authorizer, reflecting its commendable performance.


Official website here: www.spero.academy

Who is the CEO of Spero Academy?

Donna Piazza is the Board Chair of Spero Academy.


Official website here: www.spero.academy

What is the revenue of Spero Academy?

Spero Academy's revenue in 2022 was $9,958,889.


Official website here: www.spero.academy

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

The average compensation at Spero Academy during 2022 was $38,129. There are 126 employees and 12 volunteers at Spero Academy.

Here are 9 key members and their salaries:

    Diane Pangal (Executive Director)
  • Compensation: $85,672
  • Related: $0
  • Other: $27,013

    • Katie Rose Kammerude (Secretary/Teacher) [Trustee/Director]
  • Compensation: $52,853
  • Related: $0
  • Other: $11,264

    • Davonte Robertson (Former Member/Teacher)
  • Compensation: $47,397
  • Related: $0
  • Other: $9,346

    • Donna Piazza (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacey Monsen (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Marshall (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Lawrence (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Fritz (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chad Harkin (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.spero.academy

    Where can I find the form 990 for Spero Academy?

    The 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 Spero Academy

    Spero Academy, a nonprofit organization, is committed to providing a personalized and adaptive education for its students, with the aim of fostering their academic, emotional, and social growth. The institution has been in operation for 18 years and has served a diverse student population, with over 92% of its students having disabilities. Despite its growing waitlist, boasting over 300 students, Spero Academy is strategically planning to reach a maximum capacity of 225 students by its fifth year in a new facility. The school's dedication to its students' success is evident in its ability to meet all budgetary goals associated with the operations of its new facility and increasing enrollment. Spero Academy's efforts have been consistently recognized, earning high marks in all evaluations conducted by the University of St. Thomas, its authorizer.

    Impact

    This information is meant to be a general summary of Spero Academy. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Spero Academy's impact is clearly visible in the lives of its students. With a mission to provide personalized and adaptive education for academic, emotional, and social growth, the academy has served over 142 students, with over 92% of them being students with disabilities. The school's commitment to excellence is reflected in its high marks in evaluations from the University of St. Thomas, its authorizer. The growing wait-list of over 300 students underscores the demand for Spero Academy's unique approach. As they work towards expanding to a new facility to accommodate 225 students, the academy is meeting all budgetary goals associated with this growth. Through its dedicated efforts, Spero Academy is making a tangible difference in the educational journey of students who need specialized support.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $112,506
  • Gross Receipts: $9,958,889

    • Assets and Liabilities:
  • Total Assets: $4,601,682
  • Total Liabilities: $6,797,364
  • Net Assets: -$2,195,682
  • Programs

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

    MEDICAL ASSISTANCE

    Revenue

    $112,306

    FEES FROM PATRONS

    Revenue

    $200

    Organization Details

    Founding Year

    2003

    Principal Officer

    Donna Piazza

    Main Address

    2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN, 55418

    NTEE Category

    Code: B28 - Education

    If you are a representative of Spero Academy and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.