Nonprofit · EIN 46-2577480
NORTHEAST COLLEGE PREP
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,490,058 | $6,440,818 | $49,240 | $2,780,729 | $3,933,687 | -$1,152,958 |
| June 30, 2024 | 990 | $7,163,723 | $6,585,230 | $578,493 | $3,243,759 | $4,444,568 | -$1,200,809 |
| June 30, 2023 | 990 | $7,570,784 | $7,368,159 | $202,625 | $3,824,074 | $5,573,995 | -$1,749,921 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,434,237
- of which government grants
- $6,417,656
- Program service revenue
- $21,519
- Investment income
- $33,865
- Net gain from sales of assets
- -$4,175
- Net income from sales of inventory
- -$74
- Other revenue
- $437
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $222,397
- Other salaries and wages
- $2,681,615
- Salaries, compensation and benefits (total)
- $3,711,878
- Professional fundraising fees
- $0
- Legal fees
- $1,614
- Accounting fees
- $95,424
- Occupancy
- $698,624
- Travel
- $38,690
- Depreciation
- $114,202
- Program services (functional)
- $5,600,209
- Management and general (functional)
- $840,609
Balance sheet and other
- Total assets, start of year
- $3,243,759
- Total assets, end of year
- $2,780,729
- Total liabilities, end of year
- $3,933,687
- Net assets, end of year
- -$1,152,958
- Land, buildings and equipment
- $360,678
- Gross receipts
- $6,494,307
- Employees
- 85
- Volunteers
- 10
- Year formed
- 2013
- 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 |
|---|---|---|---|---|
| Andrea Halverson | Executive Director Officer | 41 | $125,426 | $21,623 |
| Laura Pastor | Teacher Member Trustee or director | 41 | $74,805 | $18,758 |
| Rich Nazarian | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Josh Crossan | Community Member Trustee or director | 1 | $0 | $0 |
| Tyler Burkhardt | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jinah Chervinac | Community Member Trustee or director | 1 | $0 | $0 |
| John Brakke | Community Member Trustee or director | 1 | $0 | $0 |
| Meghna Sohoni | Community Member Trustee or director | 1 | $0 | $0 |
| Phil Galligan | Community Member Trustee or director | 1 | $0 | $0 |
| Hadi Sanyang | Parent Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laura Pastor | Teacher Member Trustee or director | 41 | $84,667 | $35,808 |
| Andrea Halverson | Executive Director Officer | 41 | $66,463 | $8,906 |
| Rich Nazarian | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Erica Ahlgren | Community Member Trustee or director | 1 | $0 | $0 |
| Josh Crossan | Community Member Trustee or director | 1 | $0 | $0 |
| Tyler Burkhardt | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jinah Chervinac | Community Member Trustee or director | 1 | $0 | $0 |
| John Brakke | Community Member Trustee or director | 1 | $0 | $0 |
| Meghna Sohoni | Community Member Trustee or director | 1 | $0 | $0 |
| Phil Galligan | Community Member Trustee or director | 1 | $0 | $0 |
| Hadi Sanyang | Parent Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Erika Sass | Executive Director Officer | 41 | $117,740 | $18,864 |
| Joanna Schneider | Secretary/Teacher Trustee or director, Officer | 41 | $69,571 | $13,568 |
| Rich Nazarian | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jessica Waletski | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jessica Waletski | Director Trustee or director | 1 | $0 | $0 |
| Erica Ahlgren | Director Trustee or director | 1 | $0 | $0 |
| Jessica Intermill | Director Trustee or director | 1 | $0 | $0 |
| Josh Crossan | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 INDUSTRIAL BLVD NE, MINNEAPOLIS, MN 55413-4507
- In care of
- % CARL PHILLIPS
- Principal officer (990 for 2024)
- Andrea Halverson, 300 Industrial Blvd NE, Minneapolis, MN 55413
- Signed the 990
- Andrea Halverson, Executive Director
- Phone
- (612) 248-8243
- Return prepared by
- Abdo LLP
Mission
Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.
Program accomplishments
- Northeast College Prep has strived to succeed as a proof-point that all students, regardless of background, flourish when a school's entire staff deeply believes in the potential and fully commits to the success of each and every one. The organization focuses on grades K-8. During fiscal year 2025, Northeast College Prep averaged 276 daily students.Expenses $5,600,209 · revenue $21,956
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
- 46-2577480
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $2,780,729
- Income (IRS master file)
- $6,494,307
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,490,058 | $6,440,818 | $2,780,729 | IRS |
| 990 | June 2024 | $7,163,723 | $6,585,230 | $3,243,759 | XML |
| 990 | June 2023 | $7,570,784 | $7,368,159 | $3,824,074 | XML |
| 990 | June 2022 | $7,891,712 | $8,402,951 | $3,953,974 | 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 46-2577480).
Questions about NORTHEAST COLLEGE PREP
- What is the EIN of NORTHEAST COLLEGE PREP?
- The employer identification number (EIN) of NORTHEAST COLLEGE PREP is 46-2577480.
- Is NORTHEAST COLLEGE PREP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to NORTHEAST COLLEGE PREP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHEAST COLLEGE PREP 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 NORTHEAST COLLEGE PREP 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 NORTHEAST COLLEGE PREP 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 NORTHEAST COLLEGE PREP?
- The 990 for the year ended June 30, 2025 names Andrea Halverson.
- Who are the officers and directors of NORTHEAST COLLEGE PREP?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $125,426 (Andrea Halverson, Executive Director).
- How much revenue does NORTHEAST COLLEGE PREP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,490,058, expenses of $6,440,818 and total assets of $2,780,729 at year end.
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