2021-05-10T17:05:27-05:00 2020-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2019-07-01 411975574 HOPE COMMUNITY ACADEMY HOPE 6517964500 720 PAYNE AVENUE ST PAUL MN 55101 MAYCHY VU EXECUTIVE DIRECTOR 6517964500 2021-05-04 1 NICKOLAS S TAINTOR CPA P02438815 9525636800 2021-05-04 2019 2022-09-23 18:48:47Z JOHN YANG 720 PAYNE AVENUE ST PAUL MN 55101 7896075 0 X WWW.HOPE-SCHOOL.ORG X 2000 MN HOPE (HMONG OPEN PARTNERSHIP IN EDUCATION) IS A CHARTER SCHOOL SERVING STUDENTS IN K-8. 7 6 84 23 0 0 7405785 7889128 15219 483 16556 2296 567 -55 7438127 7891852 0 0 0 0 3883099 4541666 0 0 0 3197376 3362471 7080475 7904137 357652 -12285 8309528 7252689 9051957 8308850 -742429 -1056161 THE MISSION OF HOPE (HMONG OPEN PARTNERSHIP IN EDUCATION) COMMUNITY ACADEMY IS EDUCATING ALL STUDENTS TO HIGHEST LEVELS OF ACADEMIC AND SOCIAL STANDARDS WITH A FOCUS ON HMONG LANGUAGE AND CULTURE. 0 0 6869028 2776 ELEMENTARY/SECONDARY EDUCATION HOPE COMMUNITY ACADEMY SERVED 558 STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE IN THE 2019-2020 SCHOOL YEAR. 6869028 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 10 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN WEST BLVD SUITE 1000 MINNEAPOLIS MN 554314420 X JOHN WAMENG YANG CHAIR 1.00 X X 0 0 0 KA ZOUA YANG SECRETARY 1.00 X X 0 0 0 SIA LO TREASURER 1.00 X X 0 0 0 MAI VANG MEMBER 1.00 1.00 X 0 0 0 ANDY GROVER MEMBER 41.00 X 50418 0 15802 ZUAG LEE MEMBER 41.00 X 43706 0 11381 DON LORR MEMBER 1.00 X 0 0 0 PAU YANG MEMBER 1.00 X 0 0 0 MAYCHY VU EXECUTIVE DIRECTOR 40.00 1.00 X 113599 0 21162 207723 0 48345 1 0 0 0 JME TRANSIT INC 3140 IRVING AVE S MINNEAPOLIS MN 55408 TRANSPORTATION 828863 EZY-RIDE 4U LLC 558 VANDALIA STREET ST PAUL MN 55114 TRANSPORTATION 427805 BLUE BELL ENTERPRISES INC 1415 MENDOTA HEIGHTS RD MENDOTA HEIGHTS MN 55120 FOOD SERVICE 379028 TIERNEY BROTHERS INC 1771 ENERGY PARK DRIVE ST PAUL MN 55108 TECHNOLOGY 257239 BUSINESS ESSENTIALS 6645 JAMES AVE N MINNEAPOLIS MN 55430 SUPPLIES 147891 10 7886678 2450 7889128 FOOD SALES 611710 407 407 FEES FROM PUPILS 611710 76 76 483 2296 2296 210 0 210 210 210 1665 4223 -2558 -2558 MISCELLANEOUS REVENUE 611710 2293 2293 2293 7891852 2776 0 -52 243439 126495 116944 99249 99249 3356572 3012883 343689 253544 228725 24819 307798 266342 41456 281064 229898 51166 19165 19165 8424 8424 114195 114195 354316 327977 26339 31009 31009 231851 53603 178248 160073 134958 25115 947925 946519 1406 3053 3053 1440 1440 98906 83766 15140 18401 18401 STUDENT TRANSPORTATION 746209 746209 FOOD SERVICE 411600 411600 EQUIPT RENTAL & MAINT 106420 104954 1466 INSTRUCTIONAL SUPPLIES 71329 71329 38155 1627 36528 7904137 6869028 1035109 0 X 1703736 1498869 1070281 1072577 683056 825361 121495 165300 1857257 1197245 670644 660012 4060316 3030570 8309528 7252689 494683 560689 28424 19414 8528850 7728747 9051957 8308850 X -1384650 -1696759 642221 640598 0 0 -742429 -1056161 8309528 7252689 X -12285 -301447 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1857257 1197245 660012 660012 DUE FROM HCA BUILDING COMPANY 94815 DEFERRED OUTFLOWS - PENSION 2935755 3030570 NET PENSION LIABILITY 3186720 DEFERRED INFLOWS - PENSIONS 4542027 7728747 X 8698569 806717 806717 7891852 0 7891852 9026875 1122738 1122738 7904137 0 7904137 PART X, LINE 2: THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: HCA BUILDING COMPANY REVENUES 788,231. PENSIONS 18,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSIONS 319,933. HCA BUILDING COMPANY EXPENDITURES 802,805. 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 INCLUDED ON OUR WEBSITE AND IN BROCHURES GIVEN TO PARENTS OF PROSPECTIVE STUDENTS. 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 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE CORPORATION. THE COMMITTEE IS COMMISSIONED BY AND RESPONSIBLE TO THE BOARD IN MATTERS OF EMERGENCY AND IN INTERIM PERIODS BETWEEN REGULARLY SCHEDULED BOARD MEETINGS. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION, PROVIDED THAT SUCH AUTHORITY SHALL NOT OPERATE TO CIRCUMVENT THE RESPONSIBILITY AND AUTHORITY OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A STAFF MEMBERS EMPLOYED AT THE HOPE COMMUNITY ACADEMY CORPORATION, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND COMMUNITY MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS ARE ELIGIBLE VOTERS IN THE ELECTION OF THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. VOTING ELIGIBILITY EXPIRES UPON THE END OF EMPLOYMENT FOR STAFF MEMBERS, THE END OF ENROLLMENT OF CHILDREN FOR PARENTS AND LEGAL GUARDIANS, AND THE END OF BOARD SERVICE FOR COMMUNITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD GOVERNANCE STRUCTURE CAN BE CHANGED ONLY: BY 1) A MAJORITY VOTE OF ALL TEACHER EMPLOYED BY THE SCHOOL, AND, 2) A MAJORITY VOTE OF THE EXISTING BOARD OF DIRECTORS (AT NO TIME CAN AN ELIGIBLE VOTER HAVE TWO VOTES BECAUSE OF BOARD MEMBERSHIP) AND, 3) THE AUTHORIZER'S APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ACADEMY'S ACCOUNTANT AND REVIEWED BY MANAGEMENT. THE FINAL FORM 990 IS SENT TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES SCRUPULOUSLY SHALL AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE PERSONAL, PROFESSIONAL OR BUSINESS INTERESTS AND THE INTERESTS OF THE ACADEMY, IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE ACADEMY, IN THEIR RESPECTIVE CAPACITIES. IN THE EVENT THAT ANY OFFICER, DIRECTOR, EMPLOYEE OR COMMITTEE MEMBER OF THE ACADEMY SHALL HAVE ANY DIRECT OR INDIRECT INTEREST IN, OR RELATIONSHIP WITH, ANY INDIVIDUAL OR ORGANIZATION WHICH PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE ACADEMY, SUCH PERSON SHALL GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE ACADEMY, OR ITS COMPONENTS TO AFFECT A DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. CONFLICTS SHALL BE REVIEWED AND DETERMINED BY THE REMAINING BOARD OR COMMITTEE MEMBERS. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTS IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CREATES AN AD-HOC COMMITTEE ANNUALLY MADE UP OF THE OFFICERS OF THE BOARD. THE EXECUTIVE DIRECTOR PRESENTS ON PERFORMANCE AGAINST GOALS AND DISCUSSES WITH THE COMMITTEE. THE COMMITTEE THEN BRINGS A RECOMMENDATION TO THE FULL BOARD ON RENEWAL OF THE EXECUTIVE DIRECTOR'S CONTRACT. COMPENSATION CHANGES FOR OTHER STAFF ARE APPROVED WHEN THE BOARD APPROVES THE BUDGET AND IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT 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 LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. ANDY GROVER AND ZUAG LEE 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: PENSION EXPENSE RELATING TO NET PENSION LIABILITIES -319,933. DIRECT AID CONTRIBUTIONS RELATING TO NET PENSION LIABILITIES 18,486. 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. HCA BUILDING COMPANY 720 PAYNE AVE ST PAUL MN 55101 341734513 LEASE BUILDING TO SCHOOL MN 501(C)(3) LINE 12A, I HOPE COMMUNITY ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 HCA BUILDING COMPANY K 773747 LEASE AGREEMENT HCA BUILDING COMPANY Q 94815 CASH PAID