2021-05-11T09:26:28-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA F WALLRAFF CHIEF FINANCIAL OFFICER 6517485507 2021-05-10 1 SARAH REICHLING P01587996 6123764500 2021-05-10 2019 2022-09-23 18:48:47Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 15746227 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 22 22 169 325 0 0 3275125 979476 13201317 13485069 224899 229955 310314 202676 17011655 14897176 4135290 4057427 0 0 7924580 8262752 39375 0 353417 4356859 3867530 16456104 16187709 555551 -1290533 29435517 29617130 10333835 11661460 19101682 17955670 X MOUNDS PARK ACADEMY ENGAGES STUDENTS IN A RIGOROUS COLLEGE PREPARATORY EXPERIENCE THAT IS DEMANDING, BUT NOT DRAINING, AND GOES FAR BEYOND MEMORIZATION. STUDENTS ARE CHALLENGED TO APPLY THEIR UNDERSTANDING TO STIR THE HUMAN SPIRIT, STAND FOR JUSTICE, AND SHAKE THE WORLD. THIS IS WHAT WE CALL RIGOR WITH PURPOSE AND IT GROUNDS OUR STUDENTS IN THE RADICAL IDEA THAT THEIR IDENTITY IN THE WORLD IS NOT MEASURED BY A TEST SCORE, BUT RATHER BY THE DEPTH AND DECENCY OF THEIR IMPACT ON THE WORLD. 0 0 13058221 4057427 13661831 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. 13058221 1 1 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 1 0 0 0 0 0 0 0 0 1 34 0 1 169 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 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 DR WILLIAM HUDSON HEAD OF SCHOOL 40.00 X 266048 0 19947 GINA WALLRAFF OFFICER/CFO 40.00 X 149437 0 28579 NATALIE WATERS SEUM DIRECTOR OF ADMISSION AND COMMUNICATION 40.00 X 101569 0 18498 MARK SEGAL UPPER SCHOOL DIRECTOR 40.00 X 105605 0 13266 JENNIFER ROGERS DIRECTOR OF DEVELOPMENT AND COMMUNITY ENGAGEMENT 40.00 X 111985 0 2613 MATT LARSON CHAIR 10.00 X X 0 0 0 WENDY ODEEN VICE CHAIR 10.00 X X 0 0 0 TOM HOCKERT SECRETARY 10.00 X X 0 0 0 LEAH ANDERSON TREASURER 10.00 X X 0 0 0 NEELU BODDIPALLI MEMBER 2.00 X 0 0 0 COLLEEN CASEY MEMBER 2.00 X 0 0 0 JAMES CORDON MEMBER 2.00 X 0 0 0 MICHAEL DAI MEMBER 2.00 X 0 0 0 SALLY DOHERTY MEMBER 2.00 X 0 0 0 JEREMY DRUCKER MEMBER 2.00 X 0 0 0 JENN GATTI MEMBER 2.00 X 0 0 0 RAHOUL GHOSE MEMBER 2.00 X 0 0 0 CRAIG GRAY MEMBER 2.00 X 0 0 0 BETSY VAN HECKE MEMBER 2.00 X X 0 0 0 ROBERT KING MEMBER 2.00 X 0 0 0 TIFFANY SCOTT KNOX MEMBER 2.00 X 0 0 0 MARUICE KUYPERS MEMBER 2.00 X 0 0 0 JASON MARTINEK MEMBER 2.00 X 0 0 0 BRIDGETTE SHANNON MEMBER 2.00 X 0 0 0 BENJAMIN SILBERGLITT MEMBER 2.00 X 0 0 0 TOM SIMONSON MEMBER 2.00 X 0 0 0 TOM STROBLE MEMBER 2.00 X 0 0 0 734644 0 82903 5 0 1 0 SAGE DINING INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 457991 FIRST STUDENT 22157 NETWORK PLACE CHICAGO IL 66073 BUSING 176178 EGAN COMPANY PO BOX 1150-27 MINNEAPOLIS MN 554801150 BUILDING MAINTENANCE 165209 AP MIDWEST 6701 WEST 23RD ST MINNEAPOLIS MN 55426 CONSTRUCTION 135350 4 225765 11814 741897 46261 979476 TUITION 611600 13220303 13220303 FOOD SERVICE 611710 251216 251216 APPLICATION FEES 611600 13550 13550 13485069 225791 225791 28130 2216 25914 25914 25914 843149 838985 4164 4164 4164 7850 225765 7850 0 EXTENDED DAY CARE 611710 99455 99455 MISCELLANEOUS 900099 43111 43111 YEARBOOK 611710 34196 34196 176762 14897176 13661831 0 255869 4057427 4057427 420465 394028 26437 6155243 4891147 1084890 179206 179941 142273 32228 5440 1016704 787777 198200 30727 490399 367290 107852 15257 11002 11002 44055 44055 18034 18034 43064 43064 195162 195162 553406 308086 196501 48819 92161 26988 65173 510756 505166 4585 1005 246056 246056 1189527 1143644 42421 3462 119018 119018 FOOD 393238 393238 BUSING 180691 180691 BAD DEBT EXPENSE 17297 17297 254063 237197 16866 16187709 13058221 2776071 353417 1419224 1506969 217 109 1583499 653349 20237 34184 7302 8903 27141 113512 42541447 20970194 20075820 21571253 6257236 5684010 44841 44841 29435517 29617130 1799480 799103 1502301 1447580 6449624 6465474 380695 1372468 1375100 201735 201735 10333835 11661460 X 11728830 12734301 7372852 5221369 19101682 17955670 29435517 29617130 -1290533 144521 0 X 0 1 X 1 0 X 901142 1356442 2321644 3123652 979476 8682356 901142 1356442 2321644 3123652 979476 8682356 1259740 7422616 216165 56293 122872 247632 251705 894667 267515 259931 214705 300536 176762 1219449 10796472 61706236 0.68750 0.67760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5993622 261098 352817 5901903 5781125 353591 340571 481665 5993622 5869259 2516 502663 593313 5781125 5645532 11684 788365 576322 5869259 5961922 22164 123812 462366 5645532 0.17900 0.08100 0.74000 0 0 746927 746927 37630313 17421681 20208632 4164207 3548513 615694 21571253 ASSET RETIREMENT OBLIGATION 201735 201735 X 10976302 144521 10066 154587 10821715 18034 4057427 4075461 14897176 12122314 10066 10066 12112248 18034 4057427 4075461 16187709 PART V, LINE 4: THE ACADEMY MAINTAINS ITS ENDOWMENT TO SUPPORT INDEXED TUITION AND PROGRAM EXPENSE. 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 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 7,850. RENTAL EXPENSES 2,216. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 4,057,427. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 7,850. RENTAL EXPENSES 2,216. COGS PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 4,057,427. 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. APRIL 2020 GALA 233615 225765 7850 3500 4350 233615 225765 7850 3500 4350 7850 0 1 FINANCIAL AID 214 3351039 N/A N/A TUITION DISCOUNT 47 654850 N/A N/A JEREMIAH SCHOLARSHIP 4 51538 N/A 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 237350 0 0 0 28698 0 9588 0 10359 0 285995 0 0 0 GINA WALLRAFF OFFICER/CFO 134566 0 0 0 14871 0 5426 0 23153 0 178016 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 1101230 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FAMILY MEMBER OF BOARD TRUSTEE FAMILY MEMBER OF BOARD TRUSTEE 42700 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE FAMILY MEMBER OF BOARD TRUSTEE 7580 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE FAMILY MEMBER OF BOARD TRUSTEE 15850 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE FAMILY MEMBER OF BOARD TRUSTEE 13200 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE FAMILY MEMBER OF BOARD TRUSTEE 13200 FINANCIAL AID X 16 38411 STOCK MARKET QUOTES X 1 3500 COST OF CATERING DEPOSIT X AUCTION ITEMS AND SUPPLIES 80 4350 COST 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE AMOUNT OF ITEMS CONTRIBUTED. 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. THE FILING DATE IS MAY 15, 2021. THE DATA PROVIDED IN THE FORM 990 IS FOR THE FISCAL YEAR ENDING JUNE 30, 2020. THIS IS LATER THAN USUAL FILINGS DUE TO STAFF TURNOVER AND THE COVID 19 PANDEMIC. THE 990 IS TYPICALLY FILED IN JANUARY FOLLOWING THE END OF THE FISCAL YEAR. 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, FORMS 990 FOR MINNESOTA 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.