2019-05-10T09:04:00-05:00 2018-06-30 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2017-07-01 261221063 BEST ACADEMY INC BEST 6123819743 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 ERIC MAHMOUD EXECUTIVE DIRECTOR 6123819743 2019-04-09 1 ASHLEY C REHN CPA P00965922 6514267000 2019-04-09 50.224.170.93 2019-04-09 14:25:11 CD P DB2850DC9C294794158C54865F06CF452F694AAC 6C279CFA9C13FB8D9DC323417EC28AC5AED66C46 2017 2019-02-21 02:37:17Z ERIC MAHMOUD 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 10262712 0 X WWW.THEBESTACADEMY.ORG X 2007 MN TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL, AND MORAL DEVELOPMENT. 8 7 180 250 0 0 11830455 10250248 5695 6042 1 18 35545 6404 11871696 10262712 0 0 0 0 6259765 7578359 0 0 0 8264553 4903878 14524318 12482237 -2652622 -2219525 11984926 15400377 17456923 26689146 -5471997 -11288769 TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL, AND MORAL DEVELOPMENT. 0 0 9943043 6042 BEST ACADEMY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 550 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. 9943043 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 0 0 0 1 18 0 1 180 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6123819743 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 X EZRA HYLAND CHAIR 5.00 X X 0 0 0 RITA GORDON VICE CHAIR 1.00 X X 0 0 0 ANURA SI-ASAR SECRETARY 1.00 X X 0 0 0 DEANDRA KNIGHTEN TREASURER 1.00 X X 0 0 0 MEGHAN ROEGGE BOARD MEMBER/TEACHER 40.00 X 53279 0 3996 PRIYA MORIOKA BOARD MEMBER 1.00 X 0 0 0 RODA RABI BOARD MEMBER 1.00 X 0 0 0 IDRISS OMAR BOARD MEMBER 1.00 X 0 0 0 FATOU DIAHAME SCHOOL PRINCIPAL 40.00 X 98129 0 13421 ERIC MAHMOUD CEO 15.00 X 0 0 0 CARL ALLEN COO/CFO 15.00 X 0 0 0 151408 0 17417 0 0 0 0 HARVEST NETWORK OF SCHOOLS 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 CHARTER MANAGEMENT 1513331 MINNEHAHA TRANSPORTATION 2507 WALNUT ST ROSEVILLE MN 55113 STUDENT TRANSPORTATION 1110469 INERGI BUILDING MAINTENANCE 10005 48TH AVE N PLYMOUTH MN 55442 BUILDING MAINTENANCE 135530 3 10150277 99971 10250248 FEES FROM PATRONS 611110 6042 6042 6042 18 18 6404 6404 6404 10262712 6042 0 6422 X 170085 170085 4273834 3792128 481706 2581505 2326787 254718 225371 207720 17651 327564 291691 35873 1213942 1213942 1634366 1528443 105923 69005 52012 16993 17310 3543 13767 1411869 1182000 229869 22043 22019 24 22363 22363 81596 66015 15581 22913 22913 INSTRUCTIONAL MATERIALS 77528 77528 DUES AND MEMBERSHIPS 26061 760 25301 FOOD 3923 1205 2718 300959 175831 125128 12482237 9943043 2539194 0 142764 463555 27036 47477 53191 53191 1694001 2060253 78081 150949 979409 843458 173477 135951 9816376 12489001 11984926 15400377 619093 519983 210474 2381061 499087 525214 390000 16128269 22872888 17456923 26689146 X -5645474 -11424720 173477 135951 0 0 -5471997 -11288769 11984926 15400377 X -2219525 -3597247 X 0 1 X 1 0 X 143703 138886 4817 835706 704572 131134 135951 DEFERRED OUTFLOWS OF RESOURCES 12489001 12489001 PENSION LIABILITY 21417817 DEFERRED INFLOWS OF RESOURCES 1455071 22872888 X 10262712 0 10262712 0 10262712 12482237 0 12482237 0 12482237 PART X, LINE 2: A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE SCHOOL HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. 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 NONDISCRIMNATORY CLAUSE APPEARS ON BEST ACADEMY'S BROCHURE AND APPLICATIONS FOR ADMISSION AND EMPLOYMENT. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION IS A CHARTER SCHOOL UNDER MINNESOTA STATUTE. THIS CLASSIFICATION ENTITLES THE ORGANIZATION TO THE SAME FUNDING AVAILABLE TO PUBLIC SCHOOLS WITHIN THE STATE. FORM 990, PART VI, SECTION A, LINE 4 HARVEST PREPARATORY CHARTER SCHOOL, INC. MERGED INTO BEST ACADEMY, INC., EFFECTIVE JULY 1, 2018. THE ENDING BALANCES OF THIS FORM 990 REFLECT THE COMBINED BALANCES OF BOTH ENTITIES. THE ARTICLES OF INCORPORATION AND BYLAWS WERE AMENDED TO REFLECT THE MERGER. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY AND THE ORGANIZATION IS IN COMPLIANCE WITH THAT POLICY. THE CHIEF COMPLIANCE OFFICER MONITORS ALL COMPLIANCE MATTERS AND ENSURES THAT THE CONFLICT OF INTEREST POLICY IS ENFORCED. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF THE SCHOOL PRINCIPAL AND OTHER SCHOOL LEADERS ARE DETERMINED ON AN INDIVIDUAL CONTRACT BASIS, BASED UPON WORK EXPERIENCE AND WORK PERFORMANCE. THESE SALARIES ARE REGULARLY COMPARED AGAINST LOCAL SCHOOL DISTRICT SALARIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2018. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: MR. ERIC MAHMOUD AND MR. CARL ALLEN SERVED AS OFFICERS OF BEST ACADEMY THROUGH THE MANAGEMENT AGREEMENT WITH HARVEST NETWORK OF SCHOOLS, INC. ACCORDINGLY, ALL COMPENSATION FOR THEIR SERVICES IS CAPTURED AND REPORTED AS MANAGEMENT FEES PAID AND REPORTED ON PART VII SECTION B. FORM 990, PART IX, LINE 11G TRANSPORTATION FEES: PROGRAM SERVICE EXPENSES 1,197,705. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,197,705. CONSULTING FEES: PROGRAM SERVICE EXPENSES 98,289. MANAGEMENT AND GENERAL EXPENSES 56,841. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,130. OTHER FEES: PROGRAM SERVICE EXPENSES 232,449. MANAGEMENT AND GENERAL EXPENSES 49,082. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281,531. FORM 990, PART XI, LINE 9: TRANSFER FROM HARVEST PREP DUE TO MERGER -3,597,247.