2022-05-05T14:33:34-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA F WALLRAFF CHIEF FINANCIAL OFFICER 6517485507 2022-04-20 1 REGINA WALLRAFF 999009999 SARAH REICHLING P01587996 6123764500 2022-04-20 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 19370224 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 23 23 169 325 0 0 979476 2534312 13485069 15359079 229955 486724 202676 19283 14897176 18399398 4057427 4718176 0 0 8262752 8903425 0 0 369878 3867530 4033771 16187709 17655372 -1290533 744026 29617130 30504606 11661460 10600919 17955670 19903687 TO TEACH STUDENTS TO THINK INDEPENDENTLY, COMMUNICATE EFFECTIVELY AND ACT WITH RESPECT AND INTEGRITY IN A DIVERSE COMMUNITY THAT MODELS INTELLECTUAL AMBITION, GLOBAL RESPONSIBILITY AND THE JOY OF LEARNING. 0 0 14528558 4718176 15359079 OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA, TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY SERVED APPROXIMATELY 500 STUDENTS. ONE-HUNDRED PERCENT OF THE ACADEMY'S STUDENTS ARE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. THE ACADEMY'S CURRICULUM FOCUSES ON COLLABORATION; EXPERIENTIAL, HANDS-ON LEARNING; AND PROVIDES OVER 70 ACTIVITIES INCLUDING FINE ARTS, ACADEMICS, SOCIAL AWARENESS AND ATHLETICS AT ITS 32 ACRE CAMPUS IN ST. PAUL. 14528558 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 169 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X REGINA WALLRAFF 6517485501 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 MICHAEL DAI MEMBER 2.00 X 0 0 0 COLLEEN CASEY MEMBER 2.00 X 0 0 0 NEELU BODDIPALLI MEMBER 2.00 X 0 0 0 TOM STROBLE MEMBER 2.00 X 0 0 0 BRIDGETTE SHANNON MEMBER 2.00 X 0 0 0 SALLY DOHERTY MEMBER 2.00 X 0 0 0 JAMES CORDON MEMBER 2.00 X 0 0 0 TIFFANY SCOTT KNOX MEMBER 2.00 X 0 0 0 ROBERT KING MEMBER 2.00 X 0 0 0 TOM SIMONSON MEMBER 2.00 X 0 0 0 MARUICE KUYPERS MEMBER 2.00 X 0 0 0 JEREMY DRUCKER MEMBER 2.00 X 0 0 0 RAHOUL GHOSE MEMBER 2.00 X 0 0 0 JENN GATTI MEMBER 2.00 X 0 0 0 WENDY ODEEN VICE CHAIR 10.00 X X 0 0 0 LEAH ANDERSON TREASURER 10.00 X X 0 0 0 MATT LARSON CHAIR 10.00 X X 0 0 0 BENJAMIN SILBERGLITT MEMBER 2.00 X 0 0 0 JASON MARTINEK MEMBER 2.00 X 0 0 0 TOM STROBEL MEMBER 2.00 X 0 0 0 BETSY VAN HECKE MEMBER 2.00 X 0 0 0 CRAIG GRAY MEMBER 2.00 X 0 0 0 GINA WALLRAFF CHIEF FINANCIAL AND OPERATIONS OFFICER 40.00 X 157260 0 29366 DR WILLIAM HUDSON HEAD OF SCHOOL 40.00 X 289044 0 29153 MARK SEGAL UPPER SCHOOL DIRECTOR 40.00 X 107883 0 13266 JENNIFER ROGERS DIRECTOR OF DEVELOPMENT AND COMMUNITY ENGAGEMENT 40.00 X 116800 0 4008 NATALIE WATERS SEUM DIRECTOR OF ADMISSION AND COMMUNICATION 40.00 X 146994 0 19317 817981 0 95110 5 0 1 0 SAGE DINING 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICES 457991 FIRST STUDENT 22157 NETWORK PLACE CHICAGO IL 66073 BUSING 176177 APPLE INC PO BOX 281877 ATLANTA GA 30384 TECHNOLOGY 165414 EGAN PO BOX 1150-27 MINNEAPOLIS MN 554801150 BUILDING MAINTENANCE 165209 XCEL ENERGY 414 NICOLLET MALL MINNEAPOLIS MN 55104 UTILITIES 148163 8 259425 1401940 872947 7617 2534312 TUITION 611600 14935851 14935851 FOOD SERVICE 611710 140345 140345 AUXILIARY SERVICES 611600 129237 129237 EXTENDED DAY CARE 611600 98165 98165 YEARBOOK 611600 35606 35606 19875 19875 15359079 241055 241055 18250 325 0 0 18250 325 18575 18575 1209026 560 963917 0 245109 560 245669 245669 7617 259425 6909 708 708 18399398 15359079 0 506007 4718176 4718176 438634 410549 28085 6566580 5265543 1103508 197529 268325 214911 45332 8082 1143334 895609 212118 35607 486552 368579 102405 15568 19483 19483 39829 39829 18808 18808 203367 156959 46408 598986 265330 273936 59720 92156 28871 63285 541994 533746 7186 1062 245253 224964 20289 1281466 1232857 44673 3936 129944 129944 FOOD 424415 424415 BUSING 202464 202464 BAD DEBT EXPENSE 15 15 235591 221083 14508 17655372 14528558 2756936 369878 1506969 1739799 109 293037 653349 393070 34184 48435 8903 9909 113512 22415 43072274 22241599 21571253 20830675 5684010 7121829 44841 45437 29617130 30504606 799103 1332919 1447580 2366852 6465474 6088831 1372468 610582 1375100 0 201735 201735 11661460 10600919 X 12734301 13696840 5221369 6206847 17955670 19903687 29617130 30504606 744026 1203991 0 X X 0 1 X 1 0 X 1356442 2321644 3123652 979476 2534312 10315526 1356442 2321644 3123652 979476 2534312 10315526 1094042 9221484 56293 122872 247632 251705 259630 938132 259931 214705 300536 176762 263716 1215650 12469308 65795437 0.73950 0.68280 X 5901903 1465954 263853 7104004 5993622 261098 352817 5901903 5781125 353591 340571 481665 5993622 5869259 2516 502663 593313 5781125 5645532 11684 788365 576322 5869259 0.17757 0.61521 0.20722 0 0 746927 746927 37824780 17741032 20083748 4500567 4500567 0 20830675 ASSET RETIREMENT OBLIGATION 201735 201735 X 14874022 1203991 7617 1211608 13662414 18808 4718176 4736984 18399398 12926005 7617 7617 12918388 18808 4718176 4736984 17655372 PART V, LINE 4: THE ACADEMY MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. PART X, LINE 2: MOUNDS PARK ACADEMY (MPA) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE 290, AND IS GENERALLY EXEMPT FROM REAL ESTATE TAXES. MPA IS A PUBLIC CHARITY AND CONTRIBUTIONS QUALIFY AS CHARITABLE TAX DEDUCTIONS BY CONTRIBUTORS. MPA FOLLOWS THE PROVISIONS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MPA IS NOT AWARE OF ANY OF ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 4,718,176. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 4,718,176. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL ADMISSION GUIDELINES CONTAIN THE NONDISCRIMINATORY POLICIES. SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. MN APRIL 2020 GALA 267042 259425 7617 1443 5466 267042 259425 7617 1443 5466 6909 708 1 FINANCIAL AID 258 4270431 BOOK VALUE N/A TUITION DISCOUNT 52 429945 BOOK VALUE N/A REDUCED LUNCH 17 17800 BOOK VALUE N/A PART I, LINE 2: THE TYPE OF ASSISTANCE PROVIDED IS CREDITED DIRECTLY TO THE RECIPIENT'S ACCOUNT ON BEHALF OF THE STUDENT. NO FUNDS ARE DIRECTLY DISBURSED TO INDIVIDUALS. X X X X 0 0 0 0 0 0 0 0 0 DR WILLIAM HUDSON HEAD OF SCHOOL 249976 0 0 0 39068 0 9918 0 19235 0 318197 0 0 0 GINA WALLRAFF CHIEF FINANCIAL AND OPERATIONS OFFIC 136852 0 0 0 20408 0 5425 0 23941 0 186626 0 0 0 NATALIE WATERS SEUM DIRECTOR OF ADMISSION AND COMMUNICAT 126276 0 0 0 20718 0 4345 0 14972 0 166311 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 1504736 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FAMILY MEMBER OF BOARD MEMBER 195340 FINANCIAL AID FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEETING MAY NOT BE PRACTICAL OR POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DATA IS GATHERED BY MPA STAFF. THE ACTUAL TAX FORM IS PREPARED AND REVIEWED BY THE AUDIT FIRM CLIFTONLARSENALLEN. ONE FINAL REVIEW IS COMPLETED BY CFO, GINA WALLRAFF. THIS PUBLIC INSPECTION COPY OF THE FORM 990 IS BEING SENT TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS CONDUCTED WITHIN THE LAST YEAR FOR THE HEAD OF SCHOOL, B. HUDSON. THE PROCESS WAS APPROVED AT THE JUNE 2018 EXECUTIVE COMMITTEE MEETING. THE SALARY FOR THE CFO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.