2020-07-13T19:08:30-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 30 MINNEAPOLIS MN 55402 990 2018-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA F WALLRAFF CHIEF FINANCIAL OFFICER 6517485507 2020-07-13 1 SARAH REICHLING P01587996 6123764500 2020-07-10 67.137.57.251 2020-07-13 15:35:55 CD P D96076016A1D85786C0DD27C05D232F375DC2AFE 49F98944CFE15757F43935DED118FCA4D8C9F4AD 2018 2021-01-29 14:40:06Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 17206892 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 21 21 167 350 0 0 2321644 3275125 12301222 13201317 251210 224899 216324 310314 15090400 17011655 3504476 4135290 0 0 7643441 7924580 35667 39375 454988 4103315 4356859 15286899 16456104 -196499 555551 27757238 29435517 9441944 10333835 18315294 19101682 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 13006477 4135290 13201317 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. 13006477 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 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 36 0 167 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 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 WENDY ODEEN MEMBER 2.00 X 0 0 0 ZOE DICKSON 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 BRENT PEACOCK 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 TOM HOCKERT 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 BETH FINCH 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 GINA WALLRAFF OFFICER/CFO 40.00 X 122220 0 20257 DR WILLIAM HUDSON HEAD OF SCHOOL 40.00 X 229693 0 24325 351913 0 44582 2 0 1 0 SAGE DINING INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 553231 FIRST STUDENT 22157 NETWORK PLACE CHICAGO IL 66073 BUSING 187457 BUILDING CLEANING RESOURCES 600 HOOVER ST NE STE 600 MINNEAPOLIS MN 55413 CLEANING 137976 AP MIDWEST 6701 WEST 23RD ST MINNEAPOLIS MN 55426 CONSTRUCTION 106162 4 175348 3099777 490138 3275125 TUITION 611600 12857294 12857294 FOOD SERVICE 611710 273406 273406 TRANSPORTATION 480000 59067 59067 APPLICATION FEES 611600 11550 11550 13201317 210709 210709 35163 1760 2760 0 32403 1760 34163 34163 154116 139926 14190 14190 14190 23875 175348 51814 -27939 -27939 4291 737 3554 3554 MISCELLANEOUS 900099 149550 149550 EXTENDED DAY CARE 611710 119116 119116 YEARBOOK 611710 31870 31870 300536 17011655 13201317 0 535213 4135290 4135290 565009 138538 357202 69269 5979354 4604575 1203834 170945 311673 244582 34464 32627 623036 573596 49440 445508 331271 97985 16252 75318 75318 37743 37743 39375 39375 14513 14513 132109 116300 15809 218674 218674 649082 340223 202935 105924 70935 54748 16187 673653 599210 73064 1379 43183 43183 204337 204337 1087122 1046080 37634 3408 118552 118552 FOOD 444359 444359 BAD DEBT EXPENSE 222806 2610 220196 0 BUSING 197097 197097 167376 134815 32561 16456104 13006477 2994639 454988 1194568 1419224 306588 217 884117 1583499 47202 20237 25083 7302 110264 27141 39866543 19790723 19177649 20075820 5966926 6257236 44841 44841 27757238 29435517 902280 1799480 1099511 1502301 6819260 6449624 369174 380695 251719 201735 9441944 10333835 X 11496849 11728830 2526572 2727386 4291873 4645466 18315294 19101682 27757238 29435517 555551 230837 0 X 0 1 X 1 0 X 1093417 901142 1356442 2321644 3123652 8796297 1093417 901142 1356442 2321644 3123652 8796297 1399198 7397099 259267 216165 56293 122872 247632 902229 175965 267515 259931 214705 300536 1218652 10917178 58822255 0.67760 0.60060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5781125 353591 340571 481665 5993622 5869259 2516 502663 593313 5781125 5645532 11684 788365 576322 5869259 5961922 22164 123812 462366 5645532 6077695 171227 287000 5961922 0.16310 0.77510 0.06180 0 0 746927 746927 33679752 16439114 17240638 3797774 3351609 446165 1642090 1642090 20075820 ASSET RETIREMENT OBLIGATION 201735 201735 X 13148000 230837 55311 286148 12861852 14513 4135290 4149803 17011655 12361612 55311 55311 12306301 14513 4135290 4149803 16456104 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 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 51,814. RENTAL EXPENSES 2,760. COGS 737. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 4,135,290. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 51,814. RENTAL EXPENSES 2,760. COGS 737. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 4,135,290. 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. 0 BETZ SHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55437 PROFESSIONAL FUNDRAISING 0 0 32375 0 DANA BOYLE 15565 TAMBERLANE DRIVE WOODBURY MN 55325 WRITING CONSULTANT 0 0 7000 0 39375 MN APRIL 2019 GALA 199223 175348 23875 10475 5277 16595 2250 17217 199223 175348 23875 10475 5277 16595 2250 17217 51814 -27939 1 FINANCIAL AID 164 3064190 BOOK VALUE N/A TUITION DISCOUNT 45 643022 BOOK VALUE N/A REDUCED LUNCH 44 42980 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 229693 0 0 0 0 0 4700 0 19625 0 254018 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00700 0.00700 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FAMILY MEMBER OF BOARD TRUSTEE 6300 FINANCIAL AID FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 12150 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 13050 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 12150 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 13500 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 12100 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 13050 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 13050 FINANCIAL AID FAMILY MEMBER OF BOARD TRUSTEE 12150 FINANCIAL AID X 16 98863 STOCK MARKET QUOTES 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS 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 ACADEMY'S BUSINESS OFFICE PROVIDED THE FORM 990 DETAIL TO AUDITORS WHO PREPARED THE RETURN. 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.