NEW CENTURY SCHOOL: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
NEW CENTURY SCHOOL (EIN 47-2142901)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202441359349312424
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T18:16:07-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471019942PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CREATIVE PLANNING TAX LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13800 AMERICAN BLVD WEST SUITE 1000AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554314420ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472142901EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW CENTURY SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWCBusinessNameControlTxt
Phone6514784535PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11380 ENERGY PARK LANE 108AddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAHMED ALIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6514784535PhoneNum
Signature2024-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAHMEDPersonFirstNm
Person LastALIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRENT L ALEXANDER CPAPreparerPersonNm
PTINP00075113PTIN
Phone9525636800PhoneNum
Preparation2024-05-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAHMED ALIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11380 ENERGY PARK LANE 108AddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55108ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,248,814GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressNEWCENTURYSCHOOL.NETWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionNEW CENTURY SCHOOL IS A K-8 PUBLIC CHARTER SCHOOL LOCATED IN ST PAUL, MINNESOTA.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee121TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$8,551,567PYContributionsGrantsAmt
CY Contributions Grants$9,210,387CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$22,814CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$936CYInvestmentIncomeAmt
PY Other Revenue$105,346PYOtherRevenueAmt
CY Other Revenue$14,677CYOtherRevenueAmt
PY Total Revenue$8,656,913PYTotalRevenueAmt
CY Total Revenue$9,248,814CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,287,222PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,160,342CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,955,296PYOtherExpensesAmt
CY Other Expenses$5,498,154CYOtherExpensesAmt
PY Total Expenses$8,242,518PYTotalExpensesAmt
CY Total Expenses$10,658,496CYTotalExpensesAmt
PY Revenues Less Expenses$414,395PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,409,682CYRevenuesLessExpensesAmt
Total Assets BOY$7,638,576TotalAssetsBOYAmt
Total Assets EOY$13,901,199TotalAssetsEOYAmt
Total Liabilities BOY$5,533,255TotalLiabilitiesBOYAmt
Total Liabilities EOY$13,220,954TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,105,321NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$680,245NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPROVIDE A HIGH-QUALITY EDUCATION TO NURTURE AND INSPIRE A COMMUNITY OF LEARNERS THROUGH AN INNOVATIVE, HOLISTIC APPROACH TO EDUCATION THAT EMBEDS SCIENCE AND TECHNOLOGYMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$9,480,111ExpenseAmt
Revenue$37,491RevenueAmt
DescNEW CENTURY SCHOOL (NCS) IS A PUBLIC STEM CHARTER SCHOOL LOCATED IN THE MIDWAY AREA OF ST. PAUL, MINNESOTA. THE SCHOOL INTEGRATES A STEM BASED CURRICULUM THAT ALLOWS STUDENTS TO DEVELOP SKILLS FOR THE 21ST CENTURY. OUR SCHOOL'S INQUIRYBASED LEARNING MODEL AND MULTIDISCIPLINARYINSTRUCTIONAL APPROACH PROVIDES THE FOUNDATION FOR OUR RIGOROUS CURRICULUM. NEW CENTURY SCHOOL IS ASPIRATIONAL TO ITS VERY BEDROCK: BUILT UPON THE VALUES OF EQUITY OF OPPORTUNITY AND ACCESS, IT ASPIRES TO FULFILL THE HOPE AND PROMISE OF THE COMMUNITY IT SERVES. NEW CENTURY SCHOOL (NCS) IMPLEMENTS VARIOUS QUALITY PROGRAMS THAT PROVIDE A FOUNDATION FOR OUR STUDENTS TO THRIVE AND PREPARE THEM FOR COLLEGE AND CAREERS. NCS CREATES INSTRUCTIONAL PLANS, POLICIES, PRACTICES, AND STRUCTURES THAT SUPPORT QUALITY TEACHING AND LEARNING. SOME OF OUR PROGRAMS INCLUDE THE FOLLOWING: RIGOROUS ACADEMIC PROGRAMS, SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) PROGRAMS, COLLEGE & CAREER PREPARATION, ENGLISH LANGUAGE LEARNING (ELL), SERVICE LEARNING, AND EXTENDED DAY PROGRAMS. THIS PAST YEAR REPRESENTED THE SEVENTH FULL YOUR OF OPERATION AS A MN PUBLIC CHARTER SCHOOL, WITH APPROXIMATELY 490 STUDENTS SERVED.Desc
Total Program Service Expenses$9,480,111TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document187IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee121EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CREATIVE PLANNINGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8662732848PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1150 S 5TH ST STE 2000AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ELLIE HOLTE
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
AHMED ANSHUR
TREASURER1.00Yes (X)Yes (X)$0$0$0
JESSICA TALLMAN
SECRETARY/TEACHER41.00Yes (X)Yes (X)$65,461$0$12,418
ISSE ABDI
BOARD MEMBER1.00Yes (X)$0$0$0
AALIYA KHALIF
BOARD MEMBER1.00Yes (X)$0$0$0
AHMED ALI
EXECUTIVE DIRECTOR40.00Yes (X)$115,170$0$10,456
DIDO KOTILE
ASST DIRECTOR40.00$110,000$0$9,921Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$290,631TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$32,795TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
BILLIE BUS
4640 N LYNDALE AVEMINNEAPOLISMN55412TRANSPORTATION$1,162,814
BRAIN FOOD LLC
6600 PENN AVE SRICHFIELDMN55423FOOD$461,786
FRONTLINE
1400 ATWATER DRDEVAULTPA19355SOFTWARE AND TECHNOLOGY$342,080
JT CONSTRUCTION
7400 METRO BLVD STE 250EDINAMN55439CONSTRUCTION$258,933
SUNTIDE COMMERCIAL REALTY
2550 UNIVERSITY AVE W 305ST PAULMN55114RENT/CONSTRUCTION$146,623
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K8CntrctRcvdGreaterThan100KCnt
Government Grants$8,590,989GovernmentGrantsAmt
All Other Contributions$619,398AllOtherContributionsAmt
Total Contributions$9,210,387TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFEES FROM PATRONSDesc
Business611600BusinessCd
Total Revenue Column$22,814TotalRevenueColumnAmt
Related Or Exempt Func Income$22,814RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$22,814TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$936TotalRevenueColumnAmt
Exclusion$936ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$14,677TotalRevenueColumnAmt
Related Or Exempt Func Income$14,677RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$14,677OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,248,814TotalRevenueColumnAmt
Related Or Exempt Func Income$37,491RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$936ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$208,415TotalAmt
Program Services$79,576ProgramServicesAmt
Management And General$128,839ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,043,537TotalAmt
Program Services$3,579,090ProgramServicesAmt
Management And General$464,447ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$330,182TotalAmt
Program Services$293,372ProgramServicesAmt
Management And General$36,810ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$264,061TotalAmt
Program Services$209,711ProgramServicesAmt
Management And General$54,350ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$314,147TotalAmt
Program Services$270,600ProgramServicesAmt
Management And General$43,547ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$462,101TotalAmt
Program Services$239,142ProgramServicesAmt
Management And General$222,959ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$161,552TotalAmt
Program Services$125,882ProgramServicesAmt
Management And General$35,670ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$325,302TotalAmt
Program Services$234,161ProgramServicesAmt
Management And General$91,141ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$110,156TotalAmt
Program Services$110,156ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$103,760TotalAmt
Program Services$103,696ProgramServicesAmt
Management And General$64ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$449,620TotalAmt
Program Services$449,620ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,097,736TotalAmt
Program Services$1,096,094ProgramServicesAmt
Management And General$1,642ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$22,425TotalAmt
Program Services$22,425ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
TRANSPORTATION$1,566,363$1,566,363
FOOD SERVICE$618,422$618,422
EQUIPMENT RENTAL AND MA$163,001$163,001
FIELD TRIPS$152,287$152,287

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$265,429TotalAmt
Program Services$166,513ProgramServicesAmt
Management And General$98,916ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,658,496TotalAmt
Program Services$9,480,111ProgramServicesAmt
Management And General$1,178,385ManagementAndGeneralAmt
Fundraising$0FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,291,458BOYAmt
EOY$279,987EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,781,450BOYAmt
EOY$1,254,728EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$216,294BOYAmt
EOY$146,526EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,897,564LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$148,715LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$667,366BOYAmt
EOY$2,748,849EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,682,008BOYAmt
EOY$9,471,109EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,638,576BOYAmt
EOY$13,901,199EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$690,924BOYAmt
EOY$963,786EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$28,688BOYAmt
EOY$17,921EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
EOY$1,000,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,813,643BOYAmt
EOY$11,239,247EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,533,255BOYAmt
EOY$13,220,954EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,105,321BOYAmt
EOY$680,245EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,105,321BOYAmt
EOY$680,245EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,638,576BOYAmt
EOY$13,901,199EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,409,682ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$15,394PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$623,844OtherCostOrOtherBasisAmt
Depreciation$88,770DepreciationAmt
Book Value$535,074BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$175,577OtherCostOrOtherBasisAmt
Depreciation$59,945DepreciationAmt
Book Value$115,632BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,098,143OtherCostOrOtherBasisAmt
Book Value$2,098,143BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,748,849TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
PENSION DEFERRED OUTFLOWS$3,621,912
RIGHT-TO-USE ASSETS$5,849,197
FieldValueIRS element (for citing)
Total Book Value Other Assets$9,471,109TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
LEASE LIABILITY$6,516,764
DEFERRED PENSION INFLOWS$659,359
NET PENSION LIABILITY$4,063,124
FieldValueIRS element (for citing)
Total Liability$11,239,247TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,283,558TotalRevEtcAuditedFinclStmtAmt
Other Revenue$34,744OtherRevenueAmt
Revenue Not Reported$34,744RevenueNotReportedAmt
Revenue Subtotal$9,248,814RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,248,814TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$11,065,248TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$406,752OtherExpensesIncludedAmt
Expenses Not Reported$406,752ExpensesNotReportedAmt
Expenses Subtotal$10,658,496ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,658,496TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:GASB 68 PENSION REVENUE 34,744.
PART XII, LINE 2D - OTHER ADJUSTMENTS:GASB 68 PENSION EXPENSE 406,752.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3PAMPHLETS WITH THE REQUIRED INFORMATION ARE DISTRIBUTED TO FAMILIES OF PROSPECTIVE STUDENTS. MEDIA WAS NOT USED.
SCHEDULE E, PART I, LINE 6AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7AANY STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS, ALL PARENTS/LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND BOARD MEMBERS MAY PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEWED BY THE SCHOOL'S EXECUTIVE DIRECTOR WHO IS AUTHORIZED BY THE BOARD OF DIRECTORS TO APPROVE ITS SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12COFFICERS, DIRECTORS, AND KEY EMPLOYEES REVIEW THIS POLICY AT START OF EACH YEAR AND EACH IS ASKED IF THEY HAVE ANY CONFLICTS OR POTENTIAL CONFLICTS TO DISCLOSE. IF SO, THEY ARE ASKED TO IDENTIFY THEM IN DETAIL.
FORM 990, PART VI, SECTION C, LINE 19THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
FORM 990, PART VII, SECTION A:RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. JESSICA TALLMAN IS A BOARD MEMBER, BUT RECEIVED COMPENSATION FOR HER SERVICES AS A TEACHER.
FORM 990, PART X, LINE 25:PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES.

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