2023-05-03T09:56:48-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 300417217 GLOBAL ACADEMY GLOB 7634048200 3000 5TH STREET NW NEW BRIGHTON MN 55112 HELEN FISK SCHOOL DIRECTOR 7634048200 2023-03-24 1 HELEN FISK 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-03-17 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EMILY FISHER 3000 5TH STREET NW NEW BRIGHTON MN 55112 9892660 0 X WWW.GLOBALACADEMY.US X 2006 MN TO PREPARE STUDENTS FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS. 8 2 79 25 0 0 7926041 9345516 24769 19937 -173738 102832 8954 6516 7786026 9474801 0 0 0 0 4648566 5287862 0 0 0 2795695 3546423 7444261 8834285 341765 640516 4984583 4734311 8356821 7341375 -3372238 -2607064 X GLOBAL ACADEMY IS A FREE, CHARTERED PUBLIC ELEMENTARY AND MIDDLE SCHOOL THAT SEEKS TO SERVE A DIVERSE GROUP OF STUDENTS. GLOBAL ACADEMY IS COMMITTED TO SERVICE IN THE BROADER WORLD BASED ON THE GOALS OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. EMPOWERED BY ACADEMIC RIGOR, GRADUATES OF GLOBAL ACADEMY WILL BE FULLY PREPARED FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS. 0 0 8044984 26453 GLOBAL ACADEMY IS A NONPROFIT CORPORATION THAT WAS FORMED AND BEGAN OPERATING IN OCTOBER 2007, IN ACCORDANCE WITH MINNESOTA STATUTES. THE SCHOOL IS AUTHORIZED BY THE UNIVERSITY OF ST. THOMAS. DURING FISCAL YEAR 2021-2022, THE SCHOOL HAD 436 STUDENTS ENROLLED. 8044984 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 1 0 0 0 0 0 0 1 1 1 0 0 1 18 0 1 79 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 2 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 X HELEN FISK SCHOOL DIRECTOR 41.00 X 165102 0 36829 MELISSA STORBAKKEN ASSISTANT DIRECTOR 41.00 X 133345 0 21880 SUSAN ELTAWELY TREASURER/TEACHER 41.00 X X 75274 0 29711 RACHEL ENDERLIN FORMER SECRETARY/TEACHER 41.00 X 69257 0 30925 EMILY FISHER BOARD CHAIR/TEACHER 41.00 X X 64798 0 31505 KIM FIELDS BOARD MEMBER/TEACHER 41.00 X 77977 0 17918 KATE LARSON BOARD MEMBER/TEACHER 41.00 X 72608 0 19710 ERIC LANGSEV FORMER BOARD CHAIR/TEACHER 41.00 X 76124 0 14704 DANNIKA WRIGHT SECRETARY/TEACHER 41.00 X X 65254 0 13718 STEPHANIE KLAUER BOARD MEMBER/TEACHER 41.00 X 59908 0 13201 HAFSA ABUBAKAR BOARD MEMBER 1.00 X 0 0 0 SAWSAN NATSHEH BOARD MEMBER 1.00 X 0 0 0 859647 0 230101 2 1 1 0 SAFARI TRANSPORTATION PO BOX 6784 MINNEAPOLIS MN 55406 STUDENT TRANSPORTATION 481690 BLUE BELL ENTERPRISES INC 767 EUSTIS STREET ST PAUL MN 55114 FOOD SERVICE 134299 TK ELEVATOR CORP 40 51ST WAY NE 300 FRIDLEY MN 55421 ELEVATOR INSTALL, REPAIR, AND MAINTENANC 109860 THERAPEUTIC CONNECTIONS 55849 141ST LANE NW RAMSEY MN 55303 SPED OT AND PT SERVICES 102235 4 9082828 262688 9345516 MEDICAL ASSISTANCE 611600 16655 16655 FEES FROM PATRONS 611600 3282 3282 19937 520691 417859 102832 102832 102832 MISCELLANEOUS REVENUE 611600 6516 6516 6516 9474801 26453 0 102832 894491 684103 210388 184252 184252 3118849 2933737 185112 251094 236437 14657 529596 489243 40353 309580 283779 25801 5186 5186 67950 67950 376702 317159 59543 238696 190277 48419 458169 384092 74077 782641 782198 443 20656 20261 395 13618 13618 183381 172270 11111 16991 16991 STUDENT TRANSPORTATION 590800 590800 INSTRUCTIONAL SUPPLIES 322739 322739 FOOD SERVICE 288748 288748 RENTALS & MAINTENANCE 87105 87105 93041 47175 45866 8834285 8044984 789301 0 X 1811669 1332924 650593 934259 18683 31872 995432 230625 559391 764807 1944247 1670449 4984583 4734311 379913 606130 2981 334512 428520 808980 6833416 6303744 8356821 7341375 X -3597117 -2943351 224879 336287 0 0 -3372238 -2607064 4984583 4734311 X 640516 -89885 214543 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256922 12201 244721 731285 218424 512861 7225 7225 764807 DEFERRED OUTFLOWS OF PENSION RESOURCES 1458232 DUE FROM GLOBAL ACADEMY ABC 212217 1670449 NET PENSION LIABILITY 2368110 DEFERRED INFLOWS OF PENSION RESOURCES 3935634 6303744 X 10251288 776487 776487 9474801 0 9474801 9820223 985938 985938 8834285 0 8834285 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL ALSO QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER APPLICABLE STATUTES OF THE STATE OF MINNESOTA. MANAGEMENT BELIEVES THAT IT IS NOT REASONABLY POSSIBLE FOR ANY TAX POSITION BENEFITS TO INCREASE OR DECREASE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. AS OF JUNE 30, 2022, THERE WERE NO INCOME TAX ACCRUED INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENT OF FINANCIAL POSITION OR THE STATEMENT OF ACTIVITIES. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND IN THE MINNESOTA STATE JURISDICTION. U.S. FEDERAL RETURNS AND MINNESOTA RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE CLOSED. NO RETURNS ARE CURRENTLY UNDER EXAMINATION IN ANY TAX JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GLOBAL ACADEMY ABC REVENUES 780,011. PENSIONS 3,013. LOSS ON DISPOSALS -6,537. PART XII, LINE 2D - OTHER ADJUSTMENTS: GLOBAL ACADEMY ABC EXPENSES 1,204,005. PENSIONS -211,530. LOSS ON DISPOSALS -6,537. 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 SCHOOL'S NONDISCRIMINATORY POLICIES ARE AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X X 0 0 0 0 0 0 0 0 0 HELEN FISK SCHOOL DIRECTOR 144752 0 0 0 20350 0 14280 0 22549 0 201931 0 0 0 MELISSA STORBAKKEN ASSISTANT DIRECTOR 118945 0 0 0 14400 0 11183 0 10697 0 155225 0 0 0 RACHEL ENDERLIN FORMER SECRETARY/TEACHER 61949 0 0 0 7308 0 6375 0 24550 0 100182 0 0 0 ERIC LANGSEV FORMER BOARD CHAIR/TEACHER 69874 0 0 0 6250 0 6289 0 8415 0 90828 0 0 0 JACQUELINE FISK NIECE TO EXECUTIVE DIRECTOR HELEN FISK 24852 PAYROLL 0 FORM 990, SCHEDULE L, PART IV ALL TRANSACTIONS FOR RELATED PARTY PAYROLL ARE COMPENSATED AT FMV. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO VOTING CLASSES OF MEMBERSHIP DESIGNATED AS "ENROLLEE MEMBERS AND "EMPLOYEE MEMBERS". ENROLLMENT OF A CHILD IN THE ORGANIZATION SHALL QUALIFY THE PARENT(S) OR LEGAL GUARDIAN(S) OF SUCH CHILD FOR MEMBERSHIP DURING THE CHILD'S ENROLLMENT. PAID EMPLOYEE BY THE ORGANIZATION SHALL QUALIFY THE EMPLOYEE FOR MEMBERSHIP DURING THE TERM OF THEIR EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE FOR THE BOARD MEMBERS AT THE ANNUAL MEETING IN PERSON OR BY PROXY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE SCHOOL ACCOUNTANT AND DISSEMINATED TO THE FULL BOARD AFTER IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL, OFFICER, AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS IS REQUIRED TO COMPLETE AN ANNUAL STATEMENT THAT CONFIRMS THAT THE INDIVIDUAL HAS RECEIVED, UNDERSTOOD, AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THIS INCLUDES A DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS ON THE PROPOSED TRANSACTIONS. AFTER DISCLOSURE AND ADMISSION OF ANY MATERIAL FACTS, THE CONFLICTED INDIVIDUAL IS REQUIRED TO LEAVE THE MEETING WHILE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON BY THE BOARD OR COMMITTEE INVOLVED. THE BOARD OR COMMITTEE CHAIR WILL CONDUCT DUE DILIGENCE TO DETERMINE IF A SIMILAR TRANSACTION CAN BE ARRANGED THAT WOULD NOT LEAD TO A CONFLICT OF INTEREST. THE PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USED COMPARATIVE DATA TO DETERMINE THE SCHOOL DIRECTOR'S COMPENSATION AND DOCUMENTED THE DELIBERATION AND DECISION IN THE BOARD MEETING MINUTES. THE PROCESS IS PERFORMED EVERY YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ALL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY 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. EMILY FISHER, DANNIKA WRIGHT, KATE LARSON, KIM FIELDS, SUSAN ELTAWELY, AND STEPHANIE KLAUER ARE BOARD MEMBERS, BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS. 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 214,543. 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. GLOBAL ACADEMY ABC 3000 5TH ST NW NEW BRIGHTON MN 55112 821729488 HOLD AND LEASE SCHOOL FACILITY MN 501(C)(3) LINE 12A, I GLOBAL ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 GLOBAL ACADEMY ABC D 212217 CASH BALANCE GLOBAL ACADEMY ABC K 779363 LEASE AGREEMENT