2023-05-24T14:20:23-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 461249634 ART AND SCIENCE ACADEMY INC ARTA 7634440342 903 6TH AVE COURT NE ISANTI MN 55040 PAULA FOLEY INTERIM EXECUTIVE DIRECTOR 7634440342 2023-04-19 1 PAULA FOLEY 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-04-19 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ROBERTA PROVOST 903 6TH AVE COURT NE ISANTI MN 55040 5356195 0 X ARTANDSCIENCEACADEMY.K12.MN.US X 2014 MN SEE PART III, LINE 1. 5 3 78 0 0 0 4993161 5220971 72612 108928 821 1138 32477 15637 5099071 5346674 0 0 0 0 3017785 3052336 0 0 0 1738823 1691881 4756608 4744217 342463 602457 7450726 3569592 9618305 4799864 -2167579 -1230272 THE MISSION OF ASA IS TO PROVIDE OUTSTANDING ARTISTIC AND SCIENTIFIC PROGRAMS. 0 0 3888688 121692 ART & SCIENCE ACADEMY IS A COMPREHENSIVE TUITION-FREE PUBLIC SCHOOL OFFERING A RIGOROUS ACADEMIC PROGRAM WHILE INTEGRATING THE VISUAL AND PERFORMING ARTS INTO EACH AND EVERY SCHOOL DAY.OPEN TO ALL K-8 STUDENTS, ART & SCIENCE ACADEMY IS A UNIQUE LEARNING ENVIRONMENT WHERE DEDICATED TEACHERS INSPIRE STUDENTS TO REALIZE THEIR POTENTIAL AS INDIVIDUALS, AS STUDENTS, AS ARTISTS, AND AS MEMBERS OF A LOCAL AND GLOBAL COMMUNITY. STUDENTS LEARN IN SMALL CLASSES AND RECEIVE ALL NECESSARY ACADEMIC SUPPORT. 3888688 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 14 0 1 78 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD W SUITE 1000 MINNEAPOLIS MN 55431 X KEVIN FITTON EXECUTIVE DIRECTOR THROUGH 5/22 40.00 X 111518 0 19029 KARA DAHL SECRETARY/TEACHER 41.00 X X 46577 0 14213 ERICK DORNSEIF FORMER MEMBER/TEACHER 41.00 X 47889 0 11591 NATE SEVERSON VICE CHAIR/TEACHER 41.00 X X 42336 0 9759 ROBERTA PROVOST CHAIR 5.00 X X 0 0 0 CURT NELSON TREASURER THROUGH 3/22 0.00 X X 0 0 0 JOHN BOOTH COMMUNITY MEMBER 1.00 X 0 0 0 ADAM SCHORER MEMBER/PARENT 1.00 X 0 0 0 248320 0 54592 1 1 0 0 TRIO COMMUNITY MEALS 300 S TRYON STREET SUITE 400 CHARLOTTE NC 28202 FOOD SERVICE 395068 A CHANCE TO GROW 1800 SECOND STREET NE MINNEAPOLIS MN 55418 SPEECH SERVICES 231588 AIR MECHANICAL 16411 ABERDEEN STREET NE HAM LAKE MN 55304 HVAC SERVICES 105700 3 11273 5188173 21525 5220971 AFTER SCHOOL CARE 611600 47576 47576 FOOD SALES TO PUPILS 611600 40896 40896 FEES FROM PATRONS 611600 11776 11776 MEDICAL ASSISTANCE 611710 8680 8680 108928 1138 1138 2252 0 2252 2252 2252 0 11273 482 -482 -482 10142 9039 1103 1103 MISC REVENUE 900099 12764 12764 12764 5346674 121692 0 4011 X 220424 103605 116819 54780 54780 2184709 1787617 397092 200934 165794 35140 195001 133550 61451 196488 142971 53517 2758 2758 91565 91565 495598 473191 22407 80274 73840 6434 210471 178415 32056 432583 432198 385 14874 14303 571 25 25 37122 36004 1118 19968 19968 FOOD SERVICE 95616 95616 INSTRUCTIONAL SUPPLIES 88216 88216 EQUIPMENT PURCHASES 56966 56390 576 DUES & MEMBERSHIPS 35342 1702 33640 30503 30503 4744217 3888688 855529 0 X 1381739 1021254 476578 843509 12822 32451 472542 211032 3702335 261510 1877252 1410868 7450726 3569592 287454 327981 623 1961 455000 8875228 4469922 9618305 4799864 X -1795980 -1491781 -371599 261509 0 0 -2167579 -1230272 7450726 3569592 X 602457 470628 -135778 X X 0 1 X 1 0 X 143970 45181 98789 328572 165851 162721 261510 DEFERRED PENSION OUTFLOWS 1396374 DUE FROM BUILDING COMPANY 14494 1410868 NET PENSION LIABILITY 1609916 DEFERRED PENSION INFLOWS 2776731 COMPENSATED ABSENCES 83275 4469922 5348005 1331 1331 5346674 0 5346674 4957328 627798 627798 4329530 414687 414687 4744217 PART XI, LINE 2D - OTHER ADJUSTMENTS: GASB 68 PENSIONS 1,331. PART XII, LINE 2D - OTHER ADJUSTMENTS: GASB 68 PENSIONS 137,107. BUILDING COMPANY EXPENSES 490,691. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT 414,687. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS COMMUNICATED IN ALL SOLICITATIONS AND REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 ERICK DORNSEIF FORMER MEMBER/TEACHER 42409 0 0 0 5480 0 4135 0 7456 0 59480 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ACADEMY'S MEMBERS INCLUDE CURRENT STAFF MEMBER AT THE CHARTER SCHOOL AND ALL PARENTS/GUARDIANS OF CHILDREN ENROLLED AT THE SCHOOL (ONE VOTE PER HOUSEHOLD). FORM 990, PART VI, SECTION A, LINE 7A THE ACADEMY'S MEMBERS ARE ELIGIBLE TO ELECT THE MEMBERS OF THE ACADEMY'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ACADEMY DOES NOT HAVE ANY COMMITTEES WHO HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THEIR ACCOUNTANT AND THE FULL FORM IS REVIEWED BY THE EXECUTIVE DIRECTOR. THE PUBLIC DISCLOSURE VERSION OF THE FORM 990 IS THEN SENT TO THE BOARD OF DIRECTORS FOR REVIEW AT LEAST ONE WEEK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICT OF INTERESTS ARE DISCLOSED PRIOR TO ENGAGING OR ENTERING INTO A CONTRACT FOR THE SCHOOL. ALL BOARD MEMBERS AND STAFF MUST FOLLOW THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL USES A REVIEW PROCESS OF OTHER AREA DISTRICT SCHOOLS IN DETERMINING THE SALARY COMPENSATION FOR THE EMPLOYEE OF THE DISTRICT. THIS INCLUDES THE USE OF A LOCAL DISTRICT'S TEACHER SALARY MATRIX TO HELP DETERMINE A COMPETITIVE RATE OF PAY. THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED ON COMPARABLE SALARIES OF OTHER CHARTER SCHOOLS AS WELL AS LOCAL PUBLIC SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS 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. NATE SEVERSON AND KARA DAHL ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS A TEACHERS. FORM 990, PART IX, LINE 11G MISC CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 473,191. MANAGEMENT AND GENERAL EXPENSES 22,407. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 495,598. 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 -135,778. 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. ABC BUILDING SERVICES 1005 7TH AVE NE ISANTI MN 55040 850879327 BUILDING COMPANY MN 501(C)(3) LINE 12A, I ART AND SCIENCE ACADEMY INC 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 ABC BUILDING SERVICES K 414687 LEASE AGREEMENT ABC BUILDING SERVICES D 14494 ENDING BALANCE