Minnesota · Nonprofit
NOVA CLASSICAL ACADEMY
NOVA CLASSICAL ACADEMY (Minnesota) receives grants from 9 organizations whose IRS filings report $293,077 to it, the largest being MIGHTYCAUSE CHARITABLE FOUNDATION ($174,515). 6 of them have funded it in more than one year.
- Revenue FY2025
- $16M
- Funders on record
- 9
- Grants received
- $293k
- Net assets
- $2.1M
What Nova Classical Academy does
Mission
Offering a rigorous, through, systematic, and challenging classical education to K-12 students.
As stated on its FY2025 Form 990.
Programs
In a supportive community and through a systematic, accelerated college-preparatory education in the classical tradition, Nova Classical Academy challenges it's students to develop intellect, to attain the habits of learning and mastery, and to live a virtuous life of duty and ideals.
$13,757,939 spent100% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $13,757,939.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $4.0M to $13M (+216%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 93% · 2018 92% · 2019 93% · 2020 94% · 2021 97% · 2022 94% · 2023 83% · 2024 88% · 2025 93%. Grants only. Government contracts and fees sit inside program revenue.
95% of NOVA CLASSICAL ACADEMY’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Dr Brett Wedlund
Executive Director
Board chair
Suzanne McInroy
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2017 and FY2018, and between the FY2020 and FY2021 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $30k → $47k.
3 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 12% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NOVA CLASSICAL ACADEMY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NOVA CLASSICAL ACADEMY leans on a few funders — its largest provides 60% of grant income and the top three 82%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NOVA CLASSICAL ACADEMY.
Largest funder’s share by year: 2017 74% · 2018 96% · 2019 50% · 2020 98% · 2021 90% · 2022 85% · 2023 73% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of NOVA CLASSICAL ACADEMY's funders are still giving 3 years after their first grant; 67% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NOVA CLASSICAL ACADEMY draws 80% of its grant income from funders outside Minnesota, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $34k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NOVA CLASSICAL ACADEMY is better cushioned than half of the 3,758 education nonprofits its size.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Organizations like NOVA CLASSICAL ACADEMY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Friends of Nova Classical Academy · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NOVA CLASSICAL ACADEMY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NOVA CLASSICAL ACADEMY?
- NOVA CLASSICAL ACADEMY (Minnesota) receives grants from 9 organizations whose IRS filings report $293,077 to it, the largest being MIGHTYCAUSE CHARITABLE FOUNDATION ($174,515). 6 of them have funded it in more than one year.
- How many funders does NOVA CLASSICAL ACADEMY have?
- IRS filings report 9 organizations giving $293,077 in grants to NOVA CLASSICAL ACADEMY, 6 of which have funded it in more than one year.
- Who is the largest funder of NOVA CLASSICAL ACADEMY?
- MIGHTYCAUSE CHARITABLE FOUNDATION is the largest funder on record, with $174,515 in grants. The full list of funders is on this page.
- How can an organization like NOVA CLASSICAL ACADEMY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Nova Classical Academy →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing