EDUCATIONAL PROPERTIES INC
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Plain text EDUCATIONAL PROPERTIES INC. furp.org, nonprofit organization profile, tax years 2015–2024. https://furp.org/org/educational-properties-inc-454743465. Retrieved 2026-10-23.
APA furp.org. (n.d.). EDUCATIONAL PROPERTIES INC [Nonprofit organization profile; tax years 2015–2024]. Retrieved October 23, 2026, from https://furp.org/org/educational-properties-inc-454743465
MLA “EDUCATIONAL PROPERTIES INC.” furp.org, tax years 2015–2024, https://furp.org/org/educational-properties-inc-454743465. Accessed 23 Oct. 2026.
Retrieved 2026-10-23; covers tax years 2015–2024. Data: furp.org, CC BY 4.0.
2024 · Form 990 · revenue $1.6M · expenses $1.2M · assets $19.8M
- EIN
- 45-4743465
- Address
- 9477 DECATUR DR N, BROOKLYN PARK, MN 55445-3400
- Website
- WWW.NOBLEACADEMY.US
- NTEE code
- B11
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- August 2014 (when the IRS recognized its exemption)
- IRS status
- Exempt: reinstated May 15, 2012 after an automatic revocation on May 15, 2012 IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (supporting organization) Pub 78 ↗
- Foundation status
- Supporting organization, type i
- Cross-check
- ProPublica Nonprofit Explorer
Mission
TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO NOBLE ACADEMY.
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
3 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Neal Thao (former) | FORMER CEO | 2018-2021 | $150,367 | $617,797 | 3 |
| Leng Vang (former) | FORMER CHAIR | 2015-2020 | $69,492 | $211,103 | 3 |
| Chai Vang (former) | MEMBER | 2020-2022 | $75,378 | $199,567 | 3 |
Officers and directors, no compensation reported
8 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Teresa Her | SECRETARY | 2023-2024 | 1 | $0 reported | 2 |
| Susan Thompson-Welle | TREASURER | 2023-2024 | 1 | $0 reported | 2 |
| Alexander Vang | CHAIR | 2024 | 1 | $0 reported | 2 |
| Michael Yang (former) | CHAIR | 2022-2023 | 1 | $0 reported | 2 |
| Kyle Knudson (former) | TREASURER | 2020-2021 | 1 | $0 reported | 2 |
| Mike Pocrnich (former) | FORMER TREASURER | 2015-2020 | 1 | $0 reported | 2 |
| Pal Yang (former) | FORMER VICE CHAIR | 2017-2018 | 1 | $0 reported | 1 |
| Mai Lee Yang (former) | FORMER SECRETARY | 2017-2018 | 1 | $0 reported | 1 |
People by year
2024 · 3 people listed · none paid · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| TERESA HER | SECRETARY | 1 | $0 | $0 | $0 | $0 | 2 |
| ALEXANDER VANG | CHAIR | 1 | $0 | $0 | $0 | $0 | 2 |
| SUSAN THOMPSON-WELLE | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
2023 · 3 people listed · none paid · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| TERESA HER | SECRETARY | 1 | $0 | $0 | $0 | $0 | 2 |
| MICHAEL YANG | CHAIR | 1 | $0 | $0 | $0 | $0 | 2 |
| SUSAN THOMPSON-WELLE | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
2022 · 2 people listed · 1 paid, $75K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| CHAI VANG | MEMBER | 1 | $0 | $63,193 | $12,185 | $75,378 | 3 |
| MICHAEL YANG | CHAIR | 1 | $0 | $0 | $0 | $0 | 2 |
2021 · 3 people listed · 2 paid, $216K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| NEAL THAO | FORMER CEO | 1 | $0 | $113,743 | $36,624 | $150,367 | 3 |
| CHAI VANG | CHAIR | 1 | $0 | $55,772 | $9,776 | $65,548 | 3 |
| KYLE KNUDSON | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
2020 · 5 people listed · 3 paid, $377K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| NEAL THAO | CEO | 1 | $0 | $213,931 | $34,871 | $248,802 | 3 |
| LENG VANG | FORMER CHAIR | 1 | $0 | $51,802 | $17,690 | $69,492 | 3 |
| CHAI VANG | CHAIR | 1 | $0 | $50,401 | $8,240 | $58,641 | 3 |
| KYLE KNUDSON | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
| MIKE POCRNICH | FORMER TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
2019 · 3 people listed · 2 paid, $288K · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| NEAL THAO | SUPERINTENDENT | 1 | $0 | $187,486 | $31,142 | $218,628 | 3 |
| LENG VANG | CHAIR | 1 | $0 | $52,315 | $17,126 | $69,441 | 3 |
| MIKE POCRNICH | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
2018 · 5 people listed · none paid · 0 employees · 4 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| LENG VANG | CHAIR | 1 | $0 | $0 | $0 | $0 | 3 |
| PAL YANG | FORMER VICE CHAIR | 1 | $0 | $0 | $0 | $0 | 1 |
| MAI LEE YANG | FORMER SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| MIKE POCRNICH | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
| NEAL THAO | SUPERINTENDENT | 1 | $0 | $0 | $0 | $0 | 3 |
2017 · 4 people listed · 1 paid, $72K · 0 employees · 4 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| LENG VANG | CHAIR | 1 | $0 | $72,170 | $0 | $72,170 | 3 |
| PAL YANG | VICE CHAIR | 1 | $0 | $0 | $0 | $0 | 1 |
| MAI LEE YANG | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| MIKE POCRNICH | TREASURER | 1 | $0 | $0 | $0 | $0 | 2 |
2016 · 2 people listed · none paid · 0 employees · 3 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MIKE POCRNICH | MEMBER | 3 | $0 | $0 | $0 | $0 | 2 |
| LENG VANG | MEMBER | 3 | $0 | $0 | $0 | $0 | 3 |
2015 · 2 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MIKE POCRNICH | MEMBER | 3 | $0 | - | $0 | $0 | 2 |
| LENG VANG | MEMBER | 3 | $0 | - | $0 | $0 | 3 |
Highest-paid independent contractors
No independent contractors reported.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $1,641,231 | $1,244,937 | $19,825,862 | $530,805 | $0 | $1,527,750 | $0 | 0 | 3 |
| 2023 · Form 990 | ||||||||
| $1,655,413 | $1,258,784 | $19,976,139 | $110,511 | $0 | $1,528,550 | $0 | 0 | 3 |
| 2022 · Form 990 | ||||||||
| $1,597,009 | $1,301,335 | $20,098,681 | -$286,118 | $0 | $1,528,550 | $0 | 0 | 2 |
| 2021 · Form 990 | ||||||||
| $1,528,255 | $1,290,405 | $20,277,078 | -$581,792 | $0 | $1,527,750 | $0 | 0 | 2 |
| 2020 · Form 990 | ||||||||
| $1,527,215 | $1,309,859 | $20,562,600 | -$819,642 | $0 | $1,527,004 | $0 | 0 | 2 |
| 2019 · Form 990 | ||||||||
| $1,557,070 | $1,375,619 | $20,815,315 | -$1,036,998 | $0 | $1,529,410 | $0 | 0 | 3 |
| 2018 · Form 990 | ||||||||
| $1,570,179 | $1,367,346 | $21,045,324 | -$1,218,449 | $0 | $1,528,275 | $0 | 0 | 4 |
| 2017 · Form 990 | ||||||||
| $1,371,440 | $1,412,294 | $21,121,225 | -$1,421,282 | $0 | $1,351,200 | $0 | 0 | 4 |
| 2016 · Form 990 | ||||||||
| $1,133,922 | $2,170,082 | $20,532,300 | -$1,380,428 | $0 | $1,126,775 | $0 | 0 | 3 |
| 2015 · Form 990EZ | ||||||||
| $0 | $0 | $0 | $0 | - | - | - | - | - |
Connected to
Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.
- EDUCATIONAL PROPERTIES II INC Brooklyn Park, MN · 3 people in common (Alexander Vang, Susan Thompson-Welle, Teresa Her)
- NOBLE ACADEMY Brooklyn Park, MN · related organization (Schedule R)
Funders of this organization
Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).
Similar organizations
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| FRIENDS OF BEACON | MN | B11 | $1,210,081 | $1,190,170 | PRINCIPAL | $113,712 | Same NTEE code B11, revenue within 2x, same state, similar mission |
| YBC INC | MN | B11 | $1,382,617 | $1,249,813 | BOARD CHAIR | $0 | Same NTEE code B11, revenue within 2x, same state, similar mission |
| FRIENDS OF NOVA CLASSICAL ACADEMY | MN | B11 | $1,735,693 | $1,404,443 | Secretary | $135,107 | Same NTEE code B11, revenue within 2x, same state, similar mission |
| MSA BUILDING COMPANY | MN | B11 | $1,165,583 | $2,253,598 | SECRETARY | $72,106 | Same NTEE code B11, revenue within 2x, same state, similar mission |
| NEW LIFE ACADEMY EDUCATIONAL FOUNDATION INC | MN | B11 | $1,101,802 | $1,053,436 | Development Director | $110,354 | Same NTEE code B11, revenue within 2x, same state |
| TWIN CITIES GERMAN IMMERSION SCHOOL BUILDING COMPANY | MN | B11 | $1,074,321 | $1,080,980 | Executive Director | $145,349 | Same NTEE code B11, revenue within 2x, same state, similar mission |
| FRIENDS OF PRODEO INC | MN | B11 | $1,155,765 | $1,049,986 | PRESIDENT | $0 | Same NTEE code B11, revenue within 2x, same state |
| PARTNERSHIP ACADEMY ASSOCIATION | MN | B11 | $983,667 | $1,080,503 | Ex-Officio/Director of Finance | $136,618 | Same NTEE code B11, revenue within 2x, same state |
| EAGLE RIDGE ACADEMY AFFILIATED BUILDING COMPANY | MN | B11 | $2,925,138 | $2,790,680 | MEMBER/EXECUTIVE DIRECTOR | $254,919 | Same NTEE code B11, revenue within 2x, same state, similar mission |
| SPARTAN INNOVATION BUILDING CORPORATION | MN | B11 | $2,042,848 | $1,754,310 | SECRETARY/TREASURER (THRU 6/23/25) | $267,026 | Same NTEE code B11, revenue within 2x, same state |
| NLAABC | MN | B11 | $1,682,234 | $2,467,346 | CHAIR | $0 | Same NTEE code B11, revenue within 2x, same state |
| LILA BUILDING COMPANY | MN | B11 | $2,797,459 | $2,782,014 | PRESIDENT/LILA CFO | $144,717 | Same NTEE code B11, revenue within 2x, same state |
| CATHEDRAL HIGH SCHOOL EDUCATION FOUNDATION | MN | B11 | $1,017,565 | $1,469,219 | TRUSTEE | $0 | Same NTEE code B11, revenue within 2x, same state |
| FRIENDS OF EDUCATION | MN | B11 | $1,447,421 | $1,230,285 | DIRECTOR | $0 | Same NTEE code B11, revenue within 2x, same state |
| NEW MILLENNIUM BUILDING COMPANY | MN | B11 | $1,393,850 | $1,139,710 | TREASURER | $129,715 | Same NTEE code B11, revenue within 2x, same state |
| DAVINCI ACADEMY ABC | MN | B11 | $1,901,839 | $1,627,258 | TREASURER | $92,853 | Same NTEE code B11, revenue within 2x, same state |
| FRIENDS OF SPERO ACADEMY II | MN | B11 | $1,967,349 | $2,047,302 | CHAIR | $0 | Same NTEE code B11, revenue within 2x, same state |
| PSA BUILDING COMPANY | MN | B11 | $1,863,794 | $2,766,183 | SECRETARY | $0 | Same NTEE code B11, revenue within 2x, same state |
| FRIENDS OF@SPERO ACADEMY | MN | B11 | $1,680,164 | $1,474,254 | CHAIR | $0 | Same NTEE code B11, revenue within 2x, same state |
| SPECTRUM BUILDING COMPANY | MN | B11 | $2,321,881 | $2,454,593 | SECRETARY (TEACHER) | $82,582 | Same NTEE code B11, revenue within 2x, same state |
| METROPOLITAN STATE UNIVERSITY FOUNDATION | MN | B11 | $1,864,386 | $1,488,659 | EXECUTIVE DI | $178,413 | Same NTEE code B11, revenue within 2x, same state |
| KIPP MINNESOTA ABC | MN | B11 | $978,979 | $977,826 | President | $0 | Same NTEE code B11, revenue within 2x, same state |
| SHPA ABC | MN | B11 | $1,898,055 | $1,977,586 | BOARD CHAIR | $136,849 | Same NTEE code B11, revenue within 2x, same state |
| JONES FAMILY FOUNDATION | MN | B11 | $1,233,529 | $1,129,844 | DIRECTOR | $337,780 | Same NTEE code B11, revenue within 2x, same state |
| UNITED CHRISTIAN ACADEMY FOUNDATION | MN | B11 | $1,130,447 | $190,524 | Chair | $0 | Same NTEE code B11, revenue within 2x, same state |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $1,244,937 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $892,750 | $892,750 | - | - | 71.7% | |
| Depreciation and depletion | $346,392 | $346,392 | - | - | 27.8% | |
| Fees: other services | $21,966 | $21,966 | - | - | 1.8% | |
| Other (as described) | BOND PREMIUM | -$16,171 | -$16,171 | - | - | -1.3% |
| Total | $1,244,937 | 100% |
2023 · Form 990 · $1,258,784 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $913,550 | $913,550 | - | - | 72.6% | |
| Depreciation and depletion | $342,285 | $342,285 | - | - | 27.2% | |
| Fees: other services | $19,120 | $19,120 | - | - | 1.5% | |
| Other (as described) | BOND PREMIUM | -$16,171 | -$16,171 | - | - | -1.3% |
| Total | $1,258,784 | 100% |
2022 · Form 990 · $1,301,335 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $933,550 | $933,550 | - | - | 71.7% | |
| Depreciation and depletion | $346,255 | $346,255 | - | - | 26.6% | |
| Fees: other services | $32,751 | $32,751 | - | - | 2.5% | |
| Fees: accounting | $4,950 | $4,950 | - | - | 0.4% | |
| Other (as described) | BOND PREMIUM | -$16,171 | -$16,171 | - | - | -1.2% |
| Total | $1,301,335 | 100% |
2021 · Form 990 · $1,290,405 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $952,750 | $952,750 | - | - | 73.8% | |
| Depreciation and depletion | $346,255 | $346,255 | - | - | 26.8% | |
| Fees: accounting | $4,370 | $4,370 | - | - | 0.3% | |
| Fees: other services | $3,202 | $3,202 | - | - | 0.2% | |
| Other (as described) | BOND PREMIUM | -$16,172 | -$16,172 | - | - | -1.3% |
| Total | $1,290,405 | 100% |
2020 · Form 990 · $1,309,859 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $971,150 | $971,150 | - | - | 74.1% | |
| Depreciation and depletion | $346,255 | $346,255 | - | - | 26.4% | |
| Fees: other services | $4,495 | $4,495 | - | - | 0.3% | |
| Fees: accounting | $4,130 | $4,130 | - | - | 0.3% | |
| Other (as described) | BOND PREMIUM | -$16,171 | -$16,171 | - | - | -1.2% |
| Total | $1,309,859 | 100% |
2019 · Form 990 · $1,375,619 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $988,950 | $988,950 | - | - | 71.9% | |
| Depreciation and depletion | $345,893 | $345,893 | - | - | 25.1% | |
| Other (as described) | FURNITURE AND EQUIPMENT | $34,305 | $34,305 | - | - | 2.5% |
| Fees: other services | $18,752 | $18,752 | - | - | 1.4% | |
| Fees: accounting | $3,890 | $3,890 | - | - | 0.3% | |
| Other (as described) | BOND PREMIUM | -$16,171 | -$16,171 | - | - | -1.2% |
| Total | $1,375,619 | 100% |
2018 · Form 990 · $1,367,346 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,008,276 | $1,008,276 | - | - | 73.7% | |
| Depreciation and depletion | $345,298 | $345,298 | - | - | 25.3% | |
| Fees: other services | $27,999 | $27,999 | - | - | 2.0% | |
| Other (as described) | BOND DISCOUNT | $1,944 | $1,944 | - | - | 0.1% |
| Other (as described) | BOND PREMIUM | -$16,171 | -$16,171 | - | - | -1.2% |
| Total | $1,367,346 | 100% |
2017 · Form 990 · $1,412,294 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,024,366 | $1,024,366 | - | - | 72.5% | |
| Depreciation and depletion | $342,986 | $342,986 | - | - | 24.3% | |
| Fees: other services | $44,942 | $44,942 | - | - | 3.2% | |
| Total | $1,412,294 | 100% |
2016 · Form 990 · $2,170,082 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,024,775 | $1,024,775 | - | - | 47.2% | |
| Other (as described) | REPAIRS AND MAINTENANCE | $834,421 | $834,421 | - | - | 38.5% |
| Depreciation and depletion | $298,886 | $298,886 | - | - | 13.8% | |
| Fees: other services | $12,000 | $12,000 | - | - | 0.6% | |
| Total | $2,170,082 | 100% |