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Filing year 2023

ARETE ACADEMY

Minnetonka, Minnesota·EIN 46-5681606·NTEE B25 · Education·501(c)(3)
Total revenue
$608k
Total assets
$536k
Total expenses
$698k
Reported officers
10
Mission

ARETE ACADEMY OF EXCEPTIONAL EDUCATION IS COMMITTED TO PARTNERING WITH STUDENTS, PARENTS, AND THE COMMUNITY TO PROVIDE A NURTURING ENVIRONMENT FOR GIFTED STUDENTS WHO LEARN DIFFERENTLY. AT ARETE, EACH STUDENT'S UNIQUE GIFTS ARE RECOGNIZED AND CELEBRATED, AND THEIR LEARNING DIFFERENCES ARE ACCEPTED AND SUPPORTED. STUDENTS EXPERIENCE A SENSE OF BELONGING AND BUILD SELF-ESTEEM THROUGH PROGRAMMING FOCUSED ON STRENGTH-BASED LEARNING, FLEXIBILITY, EDUCATIONAL TECHNOLOGY, AND A COMMITMENT TO EMBRACING THE WHOLE CHILD. WE STRIVE TO MEET EACH STUDENT'S ACADEMIC, SOCIAL AND EMOTIONAL NEEDS TO ENCOURAGE THEM TO REACH THEIR FULL POTENTIAL AND APPLY THEIR GIFTS TO MAKE LASTING CONTRIBUTIONS TO THEIR COMMUNITY.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Minnesota.

Director
Director (Operational)
25th percentile to median
$73k
$79k
Staff Secretary
Secretary (Operational)
25th percentile to medianvs Education peers nationwide
$23k
$25k
Assistant Director
Director (Operational)
Below 10th percentile
$16k
$17k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at ARETE ACADEMY equaled 10% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
10%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 13%
from 2022

From $64k in 2022 to $73k in 2023.

$64k
2022
$73k
2023
In today's dollarsEst.
Up 10% in real terms$72k to $79k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Director (Operational) pay rose 13% from 2022 to 2023, while revenue rose 9%.

$64k in 2022 to $73k in 2023.
  • Secretary (Operational) pay rose 21% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about ARETE ACADEMY

What does the Director (Operational) of ARETE ACADEMY earn?

In 2023, the Director (Operational) of ARETE ACADEMY received $72,549 in total compensation. This pay is below the median (the midpoint) for Director (Operational) roles among Education organizations in Minnesota, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Director (Operational) pay at ARETE ACADEMY compare with similar nonprofits?

Compared with the same role at Education organizations in Minnesota, the 2023 pay of the Director (Operational) at ARETE ACADEMY falls between the 25th percentile and the median. In 2023, the highest total compensation at ARETE ACADEMY equaled 10% of the organization's total expenses. The median for education organizations is 7%.

What are ARETE ACADEMY's revenue and expenses?

In 2023, ARETE ACADEMY reported $608k in total revenue and $698k in total expenses on its IRS Form 990.

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