2025-05-14T20:54:15-05:00 2024-06-30 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2023-07-01 832334904 GREAT OAKS ACADEMY GREA 6516150499 115 ELM STREET FARMINGTON MN 55024 PAUL MCGLYNN EXECUTIVE DIRECTOR 6516150499 2025-05-13 1 0 BRIAN ARONSON P01425251 3192346885 2025-05-13 2023 2025-03-06 01:10:19Z X PAUL MCGLYNN 115 ELM STREET FARMINGTON MN 55024 5444408 0 X HTTPS://GREATOAKSACADEMYMN.COM X 2018 MN OPERATION OF CHARTER SCHOOL IN FARMINGTON, MINNESOTA. 6 4 62 10 0 0 3675698 5421194 10914 20930 0 0 6378 2284 3692990 5444408 0 0 0 0 1818021 2574367 0 0 0 1747331 2655251 3565352 5229618 127638 214790 6247336 6570598 6087152 7012239 160184 -441641 CULTIVATING THE MINDS AND HEARTS OF OUR STUDENTS THROUGH A CLASSICAL, LIBERAL ARTS EDUCATION, WITH INSTRUCTION THAT IS RIGOROUS, LITERATURE-RICH, WONDROUS, AND VIRTUOUS IN A DISCIPLINED AND ENGAGING ENVIRONMENT. 0 0 4613907 22389 GREAT OAKS ACADEMY IS A CLASSICAL EDUCATION CHARTER SCHOOL SERVING STUDENTS K-4. WE SERVED 430 STUDENTS IN THIS FISCAL YEAR. 4613907 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 1 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X ERIK QUEEN BOARD CHAIR 1.00 X X 0 0 0 MOLLIE WARREN TREASURER 1.00 X X 0 0 0 JOHN GUIST MEMBER 1.00 X 0 0 0 ERIC RICE MEMBER 1.00 X 0 0 0 MADELINE CARPENTER MEMBER/TEACHER 41.00 X 44506 0 10191 ROB CARPENTIER MEMBER/TEACHER 41.00 X 29375 0 2570 PAUL MCGLYNN EXECUTIVE DIRECTOR 41.00 X 96000 0 20909 169881 0 33670 0 0 0 0 WELLINGTON MANAGEMENT INC 1625 ENERGY PARK DRIVE SUITE 100 ST PAUL MN 55108 MANAGEMENT SERVICES 626867 MARSCHALL LINE INC 5199 WEST 212TH ST FARMINGTON MN 55024 TRANSPORTATION 227642 SYAND CORPORATION 2999 COUNTY ROAD 42 WEST SUITE 226 BURNSVILLE MN 55306 IT SERVICES 104995 3 5343974 77220 5421194 FEES FROM PATRONS 611600 20686 20686 FOOD SALES TO PUPILS 611600 244 244 20930 825 0 825 825 MISCELLANEOUS REVENUE 900099 1459 1459 1459 5444408 22389 0 825 X 243012 124404 118608 1911953 1730687 181266 153990 138706 15284 111821 82672 29149 153591 132313 21278 6286 6286 98136 98136 1160421 1140904 19517 55473 43757 11716 135882 56777 79105 367289 367289 6563 6563 43563 43563 551235 544782 6453 17670 17670 INSTRUCTIONAL SUPPLIES 109292 109292 EQUIP PURCHASE, RENTAL 65437 65437 DUES AND MEMBERSHIP 29437 700 28737 FIELD TRIPS 8391 8391 176 176 5229618 4613907 615711 0 X 692527 861290 375255 674461 6642 36608 500310 70335 369667 429975 4803245 4568264 6247336 6570598 207646 396911 174337 130774 5705169 6484554 6087152 7012239 X 0 0 0 0 160184 -441641 160184 -441641 6247336 6570598 X 214790 -816615 X 0 1 X 1 0 X 316564 31060 285504 183746 39275 144471 429975 DEFERRED PENSION RESOURCES 312476 RIGHT OF USE ASSET - BUILDING 4255788 4568264 NET PENSION LIABILITY 1603518 DEFERRED PENSION RESOURCES 94013 LEASE LIABILITIES 4787023 6484554 X 5457302 12894 12894 5444408 0 5444408 6059127 829509 829509 5229618 0 5229618 PART X, LINE 2: THE CHARTER SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND SMILIAR STATE INCOME TAX LAWS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE CHARTER SCHOOL QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GASB 68 ADJUSTMENT 12,894. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION EXPENSE 829,509. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. FORM 990, PART VI, SECTION A, LINE 7A ANY STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS/GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE WILL CONDUCT A DETAILED REVIEW OF THE 990. THE FULL BOARD WILL RECEIVE A PUBLIC DISCLOSURE COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS OFFICERS AND BOARD MEMBERS AND REQUIRES EACH COVERED INDIVIDUAL TO NOTIFY THE BOARD OF DIRECTORS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST UPON ACKNOWLEDGMENT THAT A CONFLICT MAY EXIST. THE CONFLICTED INDIVIDUAL IS EXPECTED TO REPORT ALL MATERIAL FACTS TO THE BOARD, WHO SHALL DETERMINE WHETHER A CONFLICT EXISTS WITHOUT THE CONFLICTED INDIVIDUAL. AT THE START OF EVERY BOARD MEETING, DIRECTORS ARE ASKED IF THEY HAVE A CONFLICT WITH ANY OF THE ITEMS ON THE AGENDA. THE CONFLICTED INDIVIDUAL MAY NOT VOTE OR PARTICIPATE IN THE DETERMINATION PROCESS. ALL CONFLICTS AND PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USED COMPARABILITY DATA TO SELECT A STARTING COMPENSATION RANGE FOR THE EXECUTIVE DIRECTOR. IN SUBSEQUENT YEARS, MODIFICATIONS TO THE INITIAL PAY-SCALE ARE BASED ON COMPARATIVE SCHOOL INFORMATION AND COST OF LIVING INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII SECTION A: PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. MADELINE CARPENTER AND ROB CARPENTIER ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR SERVICES AS TEACHERS. FORM 990, PART IX, LINE 11G TRANSPORTATION SERVICES: PROGRAM SERVICE EXPENSES 504,210. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 504,210. MISC CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 397,344. MANAGEMENT AND GENERAL EXPENSES 19,517. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 416,861. FOOD SERVICES: PROGRAM SERVICE EXPENSES 239,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 239,350. 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 PENSIONS EXPENSE, NET -816,615.