2021-05-12T16:08:30-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 223971809 FRIENDS OF BEACON FRIE 7635469999 3415 LOUISIANA AVE N CRYSTAL MN 55427 ANN MARIE RODER PRESIDENT 7635469999 2021-05-11 1 DENNIS HOOGEVEEN P01788739 6123764500 2021-05-11 2019 2022-09-23 18:48:47Z ANN MARIE RODER 3415 LOUISIANA AVE N CRYSTAL MN 55427 1240860 0 X WWW.BEACONACADEMY.COM X 2007 MN TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. 3 3 0 3 0 0 0 0 0 1094614 22632 14563 1047015 131683 1069647 1240860 0 0 0 0 0 0 0 0 0 1240029 1372314 1240029 1372314 -170382 -131454 15213110 14895902 16588985 16403231 -1375875 -1507329 TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. 0 0 1372314 0 1094614 TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. THE COMPANY ISSUED TAX EXEMPT DEBT IN 2018 FOR ACQUISITION AND RENOVATION OF THE CURRENT SCHOOL SITE. 1372314 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 MN X BEACON ACADEMY 7635469999 3415 LOUISIANA AVE N CRYSTAL MN 55427 X ANN MARIE RODER PRESIDENT 1.00 0.00 X X 0 0 0 MELANIE SPALL SECRETARY 1.00 0.00 X X 0 0 0 MATT GOODMAN TREASURER 1.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL 532000 1094614 1094614 1094614 14563 14563 INSURANCE RECOVERY 900099 131683 131683 131683 1240860 1094614 0 146246 773241 773241 390471 390471 14296 14296 REPAIRS AND MAINTENANCE 173643 173643 CAPITALIZED OUTLAY 20663 20663 1372314 1372314 0 0 1774499 1823135 6235 26418 14223596 1177247 13432376 13046349 15213110 14895902 40932 25593 16157065 15989969 390988 387669 16588985 16403231 X -1215492 -1101719 -160383 -405610 0 0 -1375875 -1507329 15213110 14895902 -131454 0 X X 0 1 X 1 0 X X X 1 BEACON ACADEMY 200158631 2 1 1372314 0 1 1372314 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCH A, PART IV, SECTION C, LINE 1: THE SUPPORTED ORGANIZATION, BEACON ACADEMY, IS THE SOLE MEMBER OF THE CORPORATION. THE MEMBER HAS ONE HUNDRED PERCENT MEMBER VOTING POWER. THE MEMBER MAY FILL VACANCIES OCCURRING IN THE BOARD BY APPOINTMENT PROVIDED THAT APPOINTMENT SHALL BE A PERSON FROM THE SAME CATEGORY OF MEMBERSHIP AS THE PERSON BEING REPLACED. THE MEMBER MAY REMOVE ANY DIRECTOR FROM OFFICE WITH OR WITHOUT CAUSE; THE MEMBER SHALL THEN APPOINT A NEW DIRECTOR TO REPLACE THE DIRECTOR BEING REMOVED. 2520561 2520561 11698591 1176729 10521862 4444 518 3926 13046349 ACCRUED INTEREST PAYABLE 387669 387669 9994463 8885286 8885286 1109177 131683 131683 1240860 9648025 8666182 8666182 981843 390471 390471 1372314 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF AFFILIATE REPORTED ON A SEPERATE RETURN 8,885,286. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSURANCE RECOVERY 131,683. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 8,491,323. AMORTIZATION OF BOND PREMIUM 2,096. CHANGE IN ACCRUED INTEREST 3,319. CAPITALIZED EXPENDITURES 4,444. REPAYMENT OF BOND PRINCIPAL 165,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 390,471. A CITY OF INDEPENDENCE MINNESOTA 410958873 45362RAE7 2016-07-27 16013353 PURCHASE AND BUILD SCHOOL 0 0 0 A 15000 16013353 1024512 319491 14669350 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER OF THE CORPORATION IS BEACON ACADEMY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER SHALL HAVE ONE HUNDRED PERCENT OF THE MEMBER VOTING POWER. THE MEMBER MAY FILL VACANCIES OCCURRING IN THE BOARD BY APPOINTMENT PROVIDED THAT APPOINTMENT SHALL BE A PERSON FROM THE SAME CATEGORY OF MEMBERSHIP AS THE PERSON BEING REPLACED. THE MEMBER MAY REMOVE ANY DIRECTOR FROM OFFICE WITH OR WITHOUT CAUSE; THE MEMBER SHALL APPOINT A NEW DIRECTOR TO REPLACE THE DIRECTOR BEING REMOVED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S MANAGEMENT. THE REVIEWED DRAFT OF THE FORM 990 WAS THEN SENT TO THE BOARD FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 1: THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR. BEACON ACADEMY 3415 LOUISIANA AVE N CRYSTAL MN 55427 200158631 EDUCATION MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0