2024-05-09T15:25:39-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA F WALLRAFF CHIEF FINANCIAL AND OPERATIONS 6517485507 2024-05-06 1 REGINA WALLRAFF 999009999 0 SARAH REICHLING P01587996 6123764500 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 24157595 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 20 19 200 325 0 0 927258 1880862 17784114 18984158 402515 358391 177146 2833094 19291033 24056505 5241940 4851391 0 0 10027458 11166928 0 0 480640 5041767 5230760 20311165 21249079 -1020132 2807426 28996961 31478523 11421085 10681484 17575876 20797039 TO TEACH STUDENTS TO THINK INDEPENDENTLY, COMMUNICATE EFFECTIVELY AND ACT WITH RESPECT AND INTEGRITY IN A DIVERSE COMMUNITY THAT MODELS INTELLECTUAL AMBITION, GLOBAL RESPONSIBILITY AND THE JOY OF LEARNING. 0 0 17342987 4851391 21818112 OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA, TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY SERVED APPROXIMATELY 500 STUDENTS. ONE-HUNDRED PERCENT OF THE ACADEMY'S STUDENTS ARE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. THE ACADEMY'S CURRICULUM FOCUSES ON COLLABORATION; EXPERIENTIAL, HANDS-ON LEARNING; AND PROVIDES OVER 70 ACTIVITIES INCLUDING FINE ARTS, ACADEMICS, SOCIAL AWARENESS AND ATHLETICS AT ITS 32 ACRE CAMPUS IN ST. PAUL. 17342987 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 200 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X REGINA WALLRAFF 6517485501 2051 EAST LARPENTEUR AVENUE SAINT PAUL MN 55109 DR WILLIAM HUDSON HEAD OF SCHOOL 40.00 X X 284897 0 36570 TIFFANY SCOTT KNOX CHAIR 10.00 X X 0 0 0 JEREMY DRUCKER VICE CHAIR 10.00 X X 0 0 0 BRIDGETTE SHANNON SECRETARY 10.00 X X 0 0 0 LEAH ANDERSON TREASURER 10.00 X X 0 0 0 TODD ROACH MEMBER 2.00 X 0 0 0 TOM SIMONSON MEMBER 2.00 X 0 0 0 CRAIG GRAY MEMBER 2.00 X 0 0 0 JAMES CORDON MEMBER 2.00 X 0 0 0 JASON MARTINEK MEMBER 2.00 X 0 0 0 BENJAMIN SILBERGLITT MEMBER 2.00 X 0 0 0 DAO YANG MEMBER 2.00 X 0 0 0 BETSY VAN HECKE MEMBER 2.00 X 0 0 0 KATIE JACOBS MEMBER 2.00 X 0 0 0 JAMIE SCHREIBER MEMBER 2.00 X 0 0 0 MICHELLE SMITH WARE MEMBER 2.00 X 0 0 0 PAUL GOODWIN MEMBER 2.00 X 0 0 0 MARIAN HUSSEIN MEMBER 2.00 X 0 0 0 SALLY DOHERTY MEMBER 2.00 X 0 0 0 WENDY ODEEN MEMBER 2.00 X 0 0 0 GINA WALLRAFF CFO & COO 40.00 X 151587 0 26103 NATALIE WATERS SEUM DIRECTOR OF ADMISSION 40.00 X 135934 0 21757 ANN JUREWICZ INTERIM LOWER SCHOOL DIRECTOR 40.00 X 117442 0 42138 LAMAR SHINGLES DIRECTOR OF EQUITY AND BELONGING 40.00 X 116781 0 2380 MARK SEGAL UPPER SCHOOL DIRECTOR 40.00 X 111969 0 13394 JENNIFER ROGERS DIRECTOR OF DEVELOPMENT 40.00 X 111713 0 4012 1030323 0 146354 5 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 PROGRAM FOOD SERVICES 596147 SYNERGI PARTNERS 151 W EVAN ST FLORENCE SC 29501 BUSINESS CONTRACTOR 371133 FIRST STUDENT 22157 NETWORK PLACE CHICAGO IL 66073 STUDENT TRANSPORTATION 254386 BUILDING RESOURCES CORP 600 HOOVER ST NE SUITE 600 MINNEAPOLIS MN 55413 CLEANING SERVICE 207217 CAMACHO CONTRACTORS INC 2920 TALMAGE AVE SE MINNEAPOLIS MN 55414 CONSTRUCTION WORK 169650 8 355188 104906 1420768 7684 1880862 TUITION 611600 18064280 18064280 FOOD SERVICE 611710 521613 521613 EXTENDED DAY CARE 611600 205112 205112 AUXILIARY SERVICES 611600 129616 129616 YEARBOOK 611600 49512 49512 14025 14025 18984158 260872 260872 33101 3965 0 0 33101 3965 37066 37066 131443 33924 97519 97519 97519 29240 355188 67166 -37926 -37926 ALL SCHOOL REVENUE 900099 2674983 2674983 MISCELLANEOUS 900099 158971 158971 2833954 24056505 21818112 0 357531 4851391 4851391 548893 512957 35936 8293710 6706737 1381793 205180 339494 292704 38978 7812 1311366 1018245 258509 34612 673465 514571 140697 18197 35539 35539 50594 50594 30000 30000 230808 178138 52670 915388 351004 409622 154762 81906 30995 50911 933959 919583 12380 1996 214821 196785 18036 1296732 1250593 42030 4109 169926 169926 FOOD 629517 629517 BUSING 273703 273703 BAD DEBT EXPENSE 11579 11579 356288 314227 42061 21249079 17342987 3425452 480640 2412077 2106766 366193 370651 193427 114340 113891 39175 19146 30062 93060 57416 44344613 24775046 20038318 19569567 5714800 9143718 46049 46828 28996961 31478523 2123832 1925634 3049267 2948675 5700588 5300395 345663 305045 201735 201735 11421085 10681484 X 12357737 14808643 5218139 5988396 17575876 20797039 28996961 31478523 2807426 413737 0 X X 0 1 X 1 0 X 3123652 979476 2534312 927258 1880862 9445560 3123652 979476 2534312 927258 1880862 9445560 210982 9234578 247632 251705 259630 264330 297938 1321235 300536 176762 263716 147059 2796028 3684101 14450896 78730500 0.63900 0.74340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 300,536. 2019 AMOUNT: $ 176,762. 2020 AMOUNT: $ 263,716. 2021 AMOUNT: $ 147,059. 2022 AMOUNT: $ 2,796,028. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5847243 532170 505888 333936 6551365 7104004 18020 -1039265 235516 5847243 5901903 1465954 263853 7104004 5993622 261098 352817 5901903 5781125 353591 340571 481665 5993622 0.15871 0.75108 0.09021 0 0 746927 746927 38495828 20621988 17873840 4687915 4153058 534857 413943 413943 19569567 ASSET RETIREMENT OBLIGATION 201735 201735 X 19648333 413737 59482 473219 19175114 30000 4851391 4881391 24056505 16427170 59482 59482 16367688 30000 4851391 4881391 21249079 PART V, LINE 4: THE ACADEMY MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. PART X, LINE 2: MOUNDS PARK ACADEMY (MPA) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE 290, AND IS GENERALLY EXEMPT FROM REAL ESTATE TAXES. MPA IS A PUBLIC CHARITY AND CONTRIBUTIONS QUALIFY AS CHARITABLE TAX DEDUCTIONS BY CONTRIBUTORS. MPA FOLLOWS THE PROVISIONS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MPA IS NOT AWARE OF ANY OF ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 59,482. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 4,851,391. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 59,482. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 4,851,391. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL ADMISSION GUIDELINES CONTAIN THE NONDISCRIMINATORY POLICIES. SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. APRIL 2023 GALA 366404 355188 11216 7684 10340 28654 1600 18887 366404 355188 11216 7684 10340 28654 1600 18887 67165 -55949 1 REDUCED LUNCH 15 19475 BOOK VALUE N/A TUITION DISCOUNT 47 738100 BOOK VALUE N/A FINANCIAL AID 248 4070549 BOOK VALUE N/A PART I, LINE 2: THE TYPE OF ASSISTANCE PROVIDED IS CREDITED DIRECTLY TO THE RECIPIENT'S ACCOUNT ON BEHALF OF THE STUDENT. NO FUNDS ARE DIRECTLY DISBURSED TO INDIVIDUALS. X X X X 0 0 0 0 0 0 0 0 0 DR WILLIAM HUDSON HEAD OF SCHOOL 262540 0 0 0 22357 0 11185 0 25385 0 321467 0 0 0 GINA WALLRAFF CFO & COO 134265 0 0 0 17322 0 5588 0 20515 0 177690 0 0 0 ANN JUREWICZ INTERIM LOWER SCHOOL DIRECTOR 117442 0 0 0 0 0 0 0 42138 0 159580 0 0 0 NATALIE WATERS SEUM DIRECTOR OF ADMISSION 123527 0 0 0 12407 0 5150 0 16607 0 157691 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 2296468 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 FAMILY MEMBER OF BOARD MEMBER 132975 FINANCIAL AID FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEETING MAY NOT BE PRACTICAL OR POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DATA IS GATHERED BY MPA STAFF. THE ACTUAL TAX FORM IS PREPARED AND REVIEWED BY THE AUDIT FIRM CLIFTONLARSENALLEN. ONE FINAL REVIEW IS COMPLETED BY CFO, GINA WALLRAFF. THIS PUBLIC INSPECTION COPY OF THE FORM 990 IS BEING SENT TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS CONDUCTED WITHIN THE LAST YEAR FOR THE HEAD OF SCHOOL, B. HUDSON. THE PROCESS WAS APPROVED AT THE JUNE 2017 EXECUTIVE COMMITTEE MEETING. THE SALARY FOR THE CFOO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.