Nonprofit · EIN 41-1728882
SCHAEFFER ACADEMY
Tax-exempt · ROCHESTER, MN 55906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,714,344 | $3,644,883 | $69,461 | $5,202,624 | $2,747,944 | $2,454,680 |
| June 30, 2024 | 990 | $3,286,782 | $3,154,617 | $132,165 | $5,172,680 | $2,796,950 | $2,375,730 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $312,511
- Program service revenue
- $3,355,536
- Investment income
- $36,274
- Net rental income
- $8,208
- Net gain from sales of assets
- -$1,303
- Net income from sales of inventory
- $1,815
- Other revenue
- $10,023
Expenses
- Grants and similar amounts paid
- $416,958
- Compensation of officers, directors and key employees
- $213,796
- Other salaries and wages
- $1,285,998
- Salaries, compensation and benefits (total)
- $2,250,774
- Professional fundraising fees
- $0
- Accounting fees
- $8,050
- Occupancy
- $304,149
- Travel
- $140
- Depreciation
- $211,819
- Program services (functional)
- $3,319,227
- Management and general (functional)
- $304,059
- Fundraising (functional)
- $21,597
Balance sheet and other
- Total assets, start of year
- $5,172,680
- Total assets, end of year
- $5,202,624
- Total liabilities, end of year
- $2,747,944
- Net assets, end of year
- $2,454,680
- Land, buildings and equipment
- $3,964,982
- Net assets without donor restrictions
- $2,263,454
- Net assets with donor restrictions
- $191,226
- Gross unrelated business income
- $4,040
- Gross receipts
- $3,738,557
- Employees
- 59
- Volunteers
- 75
- Year formed
- 1993
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH PHILLIPS | HEADMASTER Officer | 40 | $92,941 | $26,270 |
| CINDY SCHWEIGHART | TREASURER Officer | 40 | $48,090 | $31,382 |
| JOEL PACYNA | CHAIRMAN Trustee or director, Officer | 2 | $0 | $33,735 |
| CARI EKBOM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NEAL SANGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES WALLACE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASON ZIMMERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACOB ALLEN ESQ | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CALEB NELSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW KOSTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATIE YAGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH PHILLIPS | HEADMASTER Officer | 40 | $85,848 | $25,537 |
| CINDY SCHWEIGHART | TREASURER Officer | 40 | $45,903 | $15,337 |
| CARI EKBOM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOEL PACYNA | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| NEAL SANGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES WALLACE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASON ZIMMERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACOB ALLEN ESQ | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| CALEB NELSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW KOSTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2700 SCHAEFFER LN NE, ROCHESTER, MN 55906-7671
- Principal officer (990 for 2024)
- KEITH PHILLIPS, 2700 SCHAEFFER LANE NE, ROCHESTER, MN 559067671
- Signed the 990
- KEITH PHILLIPS, HEADMASTER
- Phone
- (507) 286-1050
- Website
- WWW.SCHAEFFERACADEMY.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
WE ARE TEACHING THE PERMANENT THINGS: TRUTH, BEAUTY, AND GOODNESS.
Program accomplishments
- PROVIDES A CHRIST-CENTERED AND CLASSICAL EDUCATION TO STUDENTS IN GRADES K-12. ENROLLMENT FOR THE FISCAL YEAR AVERAGED 309 STUDENTS.Expenses $3,319,227 · grants $416,958 · revenue $3,353,311
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1728882
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,202,624
- Income (IRS master file)
- $3,738,557
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,714,344 | $3,644,883 | $5,202,624 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $3,286,782 | $3,154,617 | $5,172,680 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $3,205,912 | $2,925,534 | $5,102,014 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $2,890,316 | $2,807,101 | $4,871,434 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1728882).
Questions about SCHAEFFER ACADEMY
- What is the EIN of SCHAEFFER ACADEMY?
- The employer identification number (EIN) of SCHAEFFER ACADEMY is 41-1728882.
- Is SCHAEFFER ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to SCHAEFFER ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHAEFFER ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SCHAEFFER ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHAEFFER ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCHAEFFER ACADEMY?
- The 990 for the year ended June 30, 2025 names KEITH PHILLIPS.
- Who are the officers and directors of SCHAEFFER ACADEMY?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $92,941 (KEITH PHILLIPS, HEADMASTER).
- How much revenue does SCHAEFFER ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,714,344, expenses of $3,644,883 and total assets of $5,202,624 at year end.
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