Fit Academy

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

EIN: 474006097 ✦ Apple valley, MN ✦ Designated as a 501(c)(3)

Overview

What is Fit Academy?

Fit Academy is a nonprofit organization situated in Apple Valley, Minnesota. With a growing student enrollment, now including Grade 12, the institution has expanded its programs to cater to its increased student body, currently numbering 283. The primary objective of Fit Academy is to holistically prepare its students for life. It achieves this by fostering mental, physical, and emotional development, integrating these areas to create an impact on student growth that surpasses the sum of individual developmental aspects. This integration is encapsulated in the Fit Academy acronym, representing Fitness, Intellect, and Teamwork. The school's purpose is to empower students to live fulfilling, responsible, and successful lives, setting them up for a prosperous future.


Official website here: www.fitacademymn.org

Is Fit Academy legitimate?

Fit Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fit 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: $384,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,902,511

For more financial information, click here


Official website here: www.fitacademymn.org

What is the mission statement of Fit Academy?

Fit Academy's mission is centered around preparing students holistically for life. The institution believes that its educational approach empowers students to lead fulfilling, responsible, and successful lives. This is achieved by integrating mental, physical, and emotional development in a purposeful manner. The school's Fit acronym represents these areas, encompassing Fitness, Intellect, and Teamwork. The integration of these areas leads to a significant impact on student development, surpassing the effects of each individual developmental area separately.


Official website here: www.fitacademymn.org

Who is the CEO of Fit Academy?

Claud Allaire is the Executive Director of Fit Academy.


Official website here: www.fitacademymn.org

What is the revenue of Fit Academy?

Fit Academy's revenue in 2022 was $4,399,675.


Official website here: www.fitacademymn.org

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

The average compensation at Fit Academy during 2022 was $31,326. There are 73 employees and 27 volunteers at Fit Academy.

Here are 9 key members and their salaries:

    Claud Allaire (Executive Director)
  • Compensation: $123,110
  • Related: $0
  • Other: $11,458

    • Molly Hunholz (Sped Director)
  • Compensation: $103,896
  • Related: $0
  • Other: $9,682

    • Angie Halama (Secretary) [Trustee/Director]
  • Compensation: $75,898
  • Related: $0
  • Other: $12,270

    • Shannon Baker (Member) [Trustee/Director]
  • Compensation: $69,078
  • Related: $0
  • Other: $6,032

    • Jan Markison (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Schneider (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Megan Olson (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Stookey (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebekah Turner (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fitacademymn.org

    Where can I find the form 990 for Fit Academy?

    The Fit Academy’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fitacademymn.org

    Learn more at the official website: www.fitacademymn.org

    Mission Statement of Fit Academy

    Fit Academy, a nonprofit organization, is committed to preparing its students holistically for life. They believe that their educational approach empowers students to lead fulfilling, responsible, and successful lives. This is achieved by purposefully integrating mental, physical, and emotional development. The acronym FIT, representing Fitness, Intellect, and Teamwork, encapsulates these three essential areas. This integrated developmental approach produces an impact on student development that surpasses the sum of each individual area. Thus, Fit Academy aims to nurture well-rounded individuals who are equipped to navigate life's challenges effectively.

    Impact

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




    Saturday, July 20, 2024

    Fit Academy's impact is evident in the holistic development of its students. By integrating mental, physical, and emotional development through fitness, intellect, and teamwork, the school empowers students to lead fulfilling, responsible, and successful lives. This purposeful approach results in a profound impact on student development, transcending individual areas to create a well-rounded and empowered student body. With a growing enrollment and expanding programs, Fit Academy continues to shape the future of its students in Apple Valley, MN.





    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: $32,470
  • Gross Receipts: $4,399,945

    • Assets and Liabilities:
  • Total Assets: $5,343,445
  • Total Liabilities: $5,711,787
  • Net Assets: -$368,342
  • Programs

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

    CHARGES FOR SERVICES

    Revenue

    $21,778

    OTHER PROGRAM REVENUE

    Revenue

    $10,692

    Organization Details

    Founding Year

    2014

    Principal Officer

    Claud Allaire

    Main Address

    7200 147TH STREET W, APPLE VALLEY, MN, 55124

    NTEE Category

    Code: N00 - Recreation

    If you are a representative of Fit 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.