Nonprofit · EIN 45-4743465
EDUCATIONAL PROPERTIES INC
Tax-exempt (reinstated) · BROOKLYN PARK, MN 55445
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,641,231 | $1,244,937 | $396,294 | $19,825,862 | $19,295,057 | $530,805 |
| June 30, 2024 | 990 | $1,655,413 | $1,258,784 | $396,629 | $19,976,139 | $19,865,628 | $110,511 |
| June 30, 2023 | 990 | $1,597,009 | $1,301,335 | $295,674 | $20,098,681 | $20,384,799 | -$286,118 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,527,750
- Investment income
- $113,481
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $346,392
- Program services (functional)
- $1,244,937
Balance sheet and other
- Total assets, start of year
- $19,976,139
- Total assets, end of year
- $19,825,862
- Total liabilities, end of year
- $19,295,057
- Net assets, end of year
- $530,805
- Land, buildings and equipment
- $16,418,722
- Gross receipts
- $1,641,231
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2009
- 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 |
|---|---|---|---|
| TERESA HER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ALEXANDER VANG | CHAIR Trustee or director, Officer | 1 | $0 |
| SUSAN THOMPSON-WELLE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA HER | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL YANG | CHAIR Trustee or director, Officer | 1 | $0 |
| SUSAN THOMPSON-WELLE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAI VANG | MEMBER Trustee or director, Officer | 1 | $0 | $63,193 | $12,185 |
| MICHAEL YANG | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9477 DECATUR DR N, BROOKLYN PARK, MN 55445-3400
- In care of
- % NEAL P THAO
- Principal officer (990 for 2024)
- ADAM MOUA, 9477 DECATUR DR N, BROOKLYN PARK, MN 55445
- Signed the 990
- ADAM MOUA, CHAIR
- Phone
- (763) 592-7706
- Website
- WWW.NOBLEACADEMY.US
- Return prepared by
- SCHLENNER WENNER & CO CPA'S PA
Mission
TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO NOBLE ACADEMY.
Program accomplishments
- OWN AND LEASE PROPERTY BACK TO NOBLE ACADEMY.Expenses $1,244,937 · revenue $1,527,750
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
- 45-4743465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $19,825,862
- Income (IRS master file)
- $1,641,231
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- October 21, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,641,231 | $1,244,937 | $19,825,862 | XML |
| 990 | June 2024 | $1,655,413 | $1,258,784 | $19,976,139 | XML |
| 990 | June 2023 | $1,597,009 | $1,301,335 | $20,098,681 | IRS |
| 990 | June 2022 | $1,528,255 | $1,290,405 | $20,277,078 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 45-4743465).
Questions about EDUCATIONAL PROPERTIES INC
- What is the EIN of EDUCATIONAL PROPERTIES INC?
- The employer identification number (EIN) of EDUCATIONAL PROPERTIES INC is 45-4743465.
- Is EDUCATIONAL PROPERTIES INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to EDUCATIONAL PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does EDUCATIONAL PROPERTIES INC 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 EDUCATIONAL PROPERTIES INC 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 EDUCATIONAL PROPERTIES INC 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 EDUCATIONAL PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names ADAM MOUA.
- Who are the officers and directors of EDUCATIONAL PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does EDUCATIONAL PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,641,231, expenses of $1,244,937 and total assets of $19,825,862 at year end.
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