2025-05-01T10:44:35-05:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 651180277 Hmong College Prep Academy HMON 6512098002 1515 Brewster Street St Paul MN 55108 David Kloskin Chief Financial Officer 6512098002 2025-04-23 1 1 Steve D Anseth CPA P00552219 9528359090 2025-04-01 2023 2025-03-06 01:10:19Z David Kloskin 1515 Brewster Street St Paul MN 55108 46268076 0 X WWW.HCPAK12.ORG X 2003 MN To provide the best integrated challenging, and well-rounded educational experience to students. 7 5 388 45 0 0 41037071 44984512 399064 380620 84705 758400 970297 144544 42491137 46268076 0 0 0 0 18768591 22532376 0 0 0 18958956 19438508 37727547 41970884 4763590 4297192 40688733 44363882 22000168 21378125 18688565 22985757 Hmong College Prep Academy's mission is to provide the best integrated, challenging, and well-rounded educational experience to students in grades K-12. 0 0 37152871 380620 Hmong College Prep Academy (HCPA) is a K-12 school district with small class sizes and an individualized program for each student. HCPA offers extended school year with core curriculum enriched with Hmong Culture language to strengthen student achievement. Instructional Focus: High academic standards aligned with Minnesota state standards, college preparatory curriclum, small learning communities, individualized, project based learning, cultural congruence and integration, Hmong language/culture and music, strong community-school partnerships, community service leadership opportunities with community involvement. Average enrollment for the 2023-2024 was 2,467. 37152871 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 42 0 1 388 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X David Kloskin 6512098002 1515 Brewster Street St Paul MN 55108 Daniel Schmidt Board Member/Teacher 41.00 X 53287 0 4776 Brent Ness Secretary/Teacher 41.00 X X 89377 0 17277 Aly Xiong Board Member 1.00 X 0 0 0 Susan Vang Board Chair 1.00 X X 0 0 0 Christine Smith Board Member 1.00 X 0 0 0 Sonya Zuker Vice Chair 1.00 X X 0 0 0 Ge Vang Treasurer 1.00 X X 0 0 0 Danijela Duvnjak Chief Academic Officer 40.00 X 188393 0 19948 David Kloskin Chief Financial Officer 40.00 X 133924 0 28936 464981 0 70937 2 0 1 0 Hmong American Partnership 150 Sycamore St St Paul MN 55117 Transportation 4563552 A'viands LLC PO Box 743357 Atlanta GA 30374 Food Services 1419410 Advance Speech Therapy LLC 6776 Lake Drive STE 220 Lino Lakes MN 55014 Speech Lanuage Services 486567 Cross Town Cleaning 2178 Garnet Point Eagan MN 55122 Janitorial Services 459802 EZY-Ride 4U LLC 747 North Milton St St Paul MN 55104 Transportation 458845 15 44972961 11551 44984512 Fees from patrons 611710 182302 182302 Medical assistance 611710 61052 61052 E-rate revenue 611710 52496 52496 School store 611710 51502 51502 Food sales 611710 22905 22905 10363 10363 380620 723622 723622 34778 0 34778 34778 34778 Pension revenue 900099 144544 144544 144544 46268076 380620 0 902944 550174 458375 91799 16847389 14120975 2726414 2584849 2004052 580797 1299491 1076062 223429 1250473 1036138 214335 144900 144900 157405 157405 2740734 2548225 192509 21090 21090 284368 168533 115835 6167002 6167002 5031731 5031731 150673 149861 812 732331 727340 4991 217404 217404 Food 1779581 1728932 50649 Supplies 1627813 1482155 145658 Equipment Purchased 300420 193957 106463 Dues and Memberships 60256 15139 45117 22800 5900 16900 41970884 37152871 4818013 0 21483252 22941169 4661 4677 6487468 10566986 260820 282111 10538683 3926674 6885119 6612009 5567413 3956930 40688733 44363882 2992786 2920239 19007382 18457886 22000168 21378125 X 5455480 1917914 13233085 21067843 18688565 22985757 40688733 44363882 4297192 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3586929 976002 2610927 6951754 2950672 4001082 6612009 Deferred Outflows - PERA 3956930 3956930 Pension liability 17483240 Deferred inflows - PERA 974646 18457886 X Part X, Line 2: The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter 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, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter 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. Charter School's financial condition, liquidity, and future results of its revenue collections is uncertain. 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 policy is contained in solicitation materials. Schedule E, Part I, Line 6 The Organization receives financial aid and assistance from the Minnesota Department of Education and the U.S. Department of Education. X X X 0 0 0 0 0 0 0 0 0 Danijela Duvnjak Chief Academic Officer 188393 0 0 0 0 0 15735 0 4213 0 208341 0 0 0 David Kloskin Chief Financial Officer 133924 0 0 0 0 0 10142 0 18794 0 162860 0 0 0 Form 990, Part VI, Section A, line 7a The Academy's board of directors are elected by the parents, teachers and staff of the academy at the annual meeting. Form 990, Part VI, Section B, line 11b The form 990 is reviewed in detail by the CFO prior to filing. A final copy of the 990 will be shared with the board. Form 990, Part VI, Section B, line 12c The board members are required to sign off on an annual conflict of interest form indicating they have acknowledged that no conflicts of interest existed. They are also required to review all vendor contracts as presented to the board and to ensure that no conflicts of interest exist with vendors. The school has not had a case where persons with conflict of interest existed since inception. If a conflict would arise, the individual would disclose the facts and circumstances to the remaining board memebrs who would review and determine if a conflict exists. The individual would not be allowed to participate in the determination, discussion, or vote on the transaction. All proceedings related to conflicts of interest would be documented in the meeting minutes. Form 990, Part VI, Section B, line 15a The governing board used appropriate data including compensation of other like school districts to determine fair and equitable compensation. This process is part of the Officer's contractual renewal process. The renewal of the current Officer's contracts is documented in the board meeting minutes. This process was last conducted in fiscal year 2022-2023 renewing for the three fiscal years of 2024-2025, 2025-2026 and 2025-2027. Form 990, Part VI, Section C, line 19 The academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The form 990 is also available on GuideStar. Form 990, Part XII, Line 2c: This process has not changed from the prior year. Hmong Education Reform Company 1515 Brewster Street St Paul MN 55108 204244605 School Building Leasing MN 501(c)(3) Line 12a, I Hmong College Prep Academy 1 0 0 0 0 1 0 0 0 0 0 1 1 0 1 1 0 1 0 0 Hmong Educational Reform Company K 5434330 Lease agreement