Nonprofit · EIN 83-3275267
KALON PREP ACADEMY
Tax-exempt (reinstated) · ALEXANDRIA, MN 56308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,509,557 | $2,362,652 | $146,905 | $1,563,327 | $1,802,632 | -$239,305 |
| June 30, 2024 | 990 | $2,510,167 | $2,669,463 | -$159,296 | $1,595,805 | $1,985,412 | -$389,607 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,490,861
- of which government grants
- $2,439,271
- Program service revenue
- $300
- Investment income
- $0
- Net income from sales of inventory
- $11,428
- Other revenue
- $18,396
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $231,279
- Other salaries and wages
- $1,191,338
- Salaries, compensation and benefits (total)
- $1,703,198
- Professional fundraising fees
- $0
- Legal fees
- $984
- Accounting fees
- $65,730
- Occupancy
- $62,787
- Travel
- $14,351
- Depreciation
- $236,797
- Program services (functional)
- $2,054,260
- Management and general (functional)
- $308,392
Balance sheet and other
- Total assets, start of year
- $1,595,805
- Total assets, end of year
- $1,563,327
- Total liabilities, end of year
- $1,802,632
- Net assets, end of year
- -$239,305
- Land, buildings and equipment
- $567,872
- Gross receipts
- $2,509,557
- Employees
- 36
- Volunteers
- 9
- Year formed
- 2021
- 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 |
|---|---|---|---|---|
| Chris Kragenbring | ExOfficio/Executive Director Officer | 40 | $117,998 | $18,796 |
| Heather Netland | Board Secretary/Teacher Trustee or director, Officer | 40 | $90,614 | $11,893 |
| Kim Wixon | Board Member/Teacher Trustee or director | 40 | $46,271 | $5,131 |
| Molly Baune | Board Chair Trustee or director, Officer | 5 | $0 | $0 |
| Gene Olson | Board Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Brandee Baumann-Rustand | Board Member Trustee or director | 1 | $0 | $0 |
| Mary Becker | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Chris Kragenbring | Executive Director Officer | 40 | $109,448 | $9,310 |
| Heather Netland | Secretary/Teacher member Trustee or director, Officer | 40 | $80,033 | $6,939 |
| Kim Wixon | Director/Teacher Trustee or director | 40 | $47,959 | $4,127 |
| Molly Baune | Board Chair Trustee or director, Officer | 5 | $0 | $0 |
| Gene Olson | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Brandee Baumann-Rustand | Director Trustee or director | 1 | $0 | $0 |
| Mary Becker | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1877 AGA DR STE 220, ALEXANDRIA, MN 56308-5657
- Principal officer (990 for 2024)
- Molly Baune, 1877 Aga Drive 220, Alexandria, MN 56308
- Signed the 990
- Molly Baune, Board Chair
- Phone
- (320) 460-8881
- Website
- www.kalonprep.org
- Return prepared by
- Abdo LLP
Mission
To meet students where they are and guide them where they want to go.We will do so by listening, leading and launching them on a path to become the best versions of themselves.
Program accomplishments
- Kalon Prep Academy served approximately 130 students during the school year. The school continues to increase services for its students exposing them to mulitpile after education opportunities.Expenses $2,054,260 · revenue $18,696
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
- 83-3275267
- 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
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $1,563,327
- Income (IRS master file)
- $2,509,557
Revocation and reinstatement
- Exemption revoked
- November 15, 2021
- Posted by the IRS
- March 14, 2022
- Reinstated
- Effective April 15, 2024
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 | $2,509,557 | $2,362,652 | $1,563,327 | IRS |
| 990 | June 2024 | $2,510,167 | $2,669,463 | $1,595,805 | XML |
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 83-3275267).
Questions about KALON PREP ACADEMY
- What is the EIN of KALON PREP ACADEMY?
- The employer identification number (EIN) of KALON PREP ACADEMY is 83-3275267.
- Is KALON PREP ACADEMY tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2021 and reinstated it effective April 15, 2024.
- Are donations to KALON PREP ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KALON PREP 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 KALON PREP 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 KALON PREP 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 KALON PREP ACADEMY?
- The 990 for the year ended June 30, 2025 names Molly Baune.
- Who are the officers and directors of KALON PREP ACADEMY?
- The 990 for the year ended June 30, 2025 lists 7 people; 3 received compensation from the organization, the highest $117,998 (Chris Kragenbring, ExOfficio/Executive Director).
- How much revenue does KALON PREP ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,509,557, expenses of $2,362,652 and total assets of $1,563,327 at year end.
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