2023-05-12T15:07:14-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 800743744 PRODEO ACADEMY CHARTER SCHOOL #4213 PROD 7632059950 4141 UNIVERSITY AVENUE NE COLUMBIA HEIGHTS MN 55421 RICHARD CAMPION EXECUTIVE DIRECTOR 7632059950 2023-05-12 1 RICHARD CAMPION 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JEFFREY KLINEFELTER 4141 UNIVERSITY AVENUE NE COLUMBIA HEIGHTS MN 55421 16145303 0 X PRODEOACADEMY.ORG X 2011 MN PRODEO ACADEMY IS A COLLEGE PREPARATORY SCHOOL THAT PREPARES STUDENTS TO BE CRITICAL THINKERS AND INTELLIGENT LEADERS, EXPANDING THEIR OPPORTUNITIES TO CONTRIBUTE POSITIVELY AND PRODUCTIVELY TO SOCIETY. 11 10 188 10 0 0 13183691 16142475 0 0 3335 1911 45331 917 13232357 16145303 0 0 0 0 8181284 10318113 0 0 0 4624809 5961080 12806093 16279193 426264 -133890 7923634 10823129 10316948 13842446 -2393314 -3019317 SEE PART I, LINE 1 0 0 13883526 917 PRODEO ACADEMY EDUCATED 783 STUDENTS IN PREK THROUGH 6TH GRADE DURING THE 2021-2022 SCHOOL YEAR. PRODEO ACADEMY PROVIDES INDIVIDUALIZED INSTRUCTION FOR EVERY CHILD. 13883526 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 34 0 1 188 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MN X THE ORGANIZATION 7632059950 4141 UNIVERSITY AVENUE NE COLUMBIA HEIGHTS MN 55421 X RICHARD CAMPION EXECUTIVE DIRECTOR 60.00 X 175000 0 23744 CHANCEY ANDERSON CEO SCHOOL DEVELOPMENT 42.00 X 118650 0 19222 MATTHEW DANIELS MEMBER/TEACHER 42.00 X 53254 0 12165 JEFFREY KLINEFELTER CHAIRPERSON 2.00 X X 0 0 0 ERIC HARRIS VICE CHAIRPERSON 2.00 X X 0 0 0 JIM HORN TREASURER 2.00 1.00 X X 0 0 0 JOEL GREEN SECRETARY 2.00 X 0 0 0 LINDA COHEN MEMBER 2.00 X 0 0 0 BENSON WHITNEY MEMBER 2.00 X 0 0 0 DAVID HARTMAN MEMBER 2.00 X 0 0 0 LEW REMELE MEMBER 2.00 X 0 0 0 DARRELL THOMPSON MEMBER 2.00 X 0 0 0 APRIL LITTE MEMBER 2.00 X 0 0 0 346904 0 55131 2 0 1 0 CST MN 615 1ST AVE NE SUITE 115 MINNEAPOLIS MN 55413 TRANSPORTATION SERVICES 1263906 TRIO COMMUNITY MEALS PO BOX 742992 ATLANTA GA 30374 FOOD SERVICE 335224 PK PROPERTY SERVICES LLC 2542 KASOTA AVE ST PAUL MN 55108 JANITORIAL SERVICES 211409 4MATIV TECHNOLOGIES 959 DAYTON AVE ST PAUL MN 55104 TRANSPORTATION SERVICES 158366 CLIFTONLARSONALLEN PO BOX 776376 CHICAGO IL 60677 ACCOUNTING SERVICES 115980 6 14911529 1230946 16142475 1911 1911 MISCELLANEOUS REVENUE 900099 917 917 917 16145303 917 0 1911 269975 66189 203786 8296552 6873833 1422719 619027 504430 114597 540306 437254 103052 592253 472332 119921 5883 5883 137200 137200 850631 785343 65288 248214 143841 104373 160419 89785 70634 1175146 1175146 41695 39905 1790 99997 99121 876 504980 494669 10311 39998 39998 STUDENT TRANSPORTATION 1772459 1772459 FOOD SERVICES 590991 590991 SMALL EQUIP, REPAIRS & 211114 211114 INSTRUCTIONAL SUPPLIES 54749 54749 67604 32367 35237 16279193 13883526 2395667 0 X 1340998 351284 1717037 3044002 129507 134603 345874 155946 148361 189928 4587731 7103312 7923634 10823129 1172828 1576006 17000 380265 278557 8763855 11970883 10316948 13842446 X -2541675 -3002136 148361 -17181 0 0 -2393314 -3019317 7923634 10823129 X -133890 -492113 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 345874 155946 189928 189928 DEFERRED OUTFLOWS RELATED TO PENSION 5269762 RIGHT OF USE ASSETS 1833550 7103312 DEFERRED INFLOWS RELATED TO PENSIONS 5154591 NET PENSION LIABILITY 4397588 DUE TO FRIENDS OF PRODEO 378045 RIGHT OF USE LIABILITIES 2040659 11970883 X 17236647 1091344 1091344 16145303 0 16145303 17800795 1521602 1521602 16279193 0 16279193 PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. 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: BUILDING COMPANY REVENUES 1,125,492. GASB 68 PENSION REVENUE -34,148. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY EXPENSES 1,063,637. GASB 68 PENSION EXPENSES 457,965. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE MEET WITH FAMILIES PERSONALLY AND EXPLAIN TO EACH OF THEM THAT THIS IS A PUBLIC SCHOOL AND WE DO NOT DISCRIMINATE IN ANY WAY. IT IS THEIR CHOICE WHETHER TO SEND THEIR CHILD TO OUR SCHOOL AND WE WILL TAKE THEM / ENROLL THEM. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 RICHARD CAMPION EXECUTIVE DIRECTOR 150000 0 0 0 25000 0 12353 0 11391 0 198744 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTOR ELECTION PROCEDURES SHALL COMPLY WITH MINNESOTA STATUTE 124E.07. STAFF MEMBERS EMPLOYED AT THE SCHOOL, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW A PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL VENDOR PAYMENTS ARE VERIFIED AT THE TIME OF PAYMENT THAT THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DEVELOPED BY THE EXECUTIVE COMMITTEE OF THE PRODEO ACADEMY BOARD OF DIRECTORS AND INCLUDED A REVIEW OF COMPENSATION MODELS FROM CHARTER SCHOOLS OF SIMILAR SIZE AND SCOPE, AS WELL AS COMPARABLE PRIVATE AND PUBLIC INSTITUTIONS. THE EXECUTIVE COMMITTEE INCLUDES THREE BOARD MEMBERS FROM VARYING PROFESSIONAL BACKGROUNDS. EACH INDEPENDENTLY REVIEWED THE EXECUTIVE DIRECTOR AND THEN COMPILED DATA AND REACHED CONSENSUS ON COMPENSATION BASED ON THE PERFORMANCE REVIEW DATA. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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. MATTHEW DANIELS IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR HIS 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. FORM 990, PART XI, LINE 9: GASB 68 - PENSION ADJUSTMENT -492,113. FORM 990, PART XII, LINE 2C: THE BOARD IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FRIENDS OF PRODEO ACADEMY 620 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 834687701 BUILDING COMPNAY MN 501(C)(3) LINE 12A, I PRODEO ACADEMY 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 FRIENDS OF PRODEO ACADEMY D 378045 YEAR-END BALANCE FRIENDS OF PRODEO ACADEMY K 1122690 LEASE AGREEMENT