2019-04-29T09:18:42-05:00 2018-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2017-07-01 371518372 SPECTRUM HIGH SCHOOL SPEC 7632418703 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 DAN DEBRUYN EXECTUTIVE DIRECTOR 7632418703 2019-04-02 1 THERESA GOETTE P01062926 9525636800 2019-04-02 70.97.219.241 2019-04-02 14:05:37 CD P 8D0891DDB8A84CCBC29BD8AFE3F9BE1C21CA493F 26FD29C46CA03EE3A513A87DB0D8118177507035 2017 2019-02-21 02:37:17Z DAVE LUCAS 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 8323546 0 X WWW.SPECTRUMHIGHSCHOOL.ORG X 2005 MN PUBLIC CHARTER SCHOOL GRADES 6-12 7 5 184 20 0 0 7723716 7842815 410987 388269 4084 4069 91263 78746 8230050 8313899 8100 500 0 0 4637043 6467200 0 0 3200 4735257 3099650 9380400 9567350 -1150350 -1253451 10957311 9927398 12710337 12933875 -1753026 -3006477 THE MISSION OF SPECTRUM HIGH SCHOOL AND SPECTRUM MIDDLE SCHOOL IS TO ENCOURAGE STUDENTS IN ATTAINING THEIR MAXIMUM POTENTIAL THROUGH A 3-DIMENSIONAL STRATEGY EMPHASIZING COLLEGE PREPARATORY CURRICULUM, A TECHNOLOGY INTEGRATED ENVIRONMENT, AND COMMUNITY-BASED OUTREACH. 0 0 8029435 500 395312 IN ORDER TO SUPPORT SPECTRUM HIGH SCHOOL'S VISION, TO FOSTER ACADEMIC STANDARDS IN A SMALL SCHOOL SETTING, SPECTRUM HIGH SCHOOL SERVED APPROXIMATELY 674 STUDENTS IN GRADES 6-12. 8029435 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 22 0 1 184 1 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 1 0 0 1 1 1 0 0 0 0 1 1 1 0 1 1 1 0 MN X BERGANKDV 6514632233 22488 CHIPPENDALE AVE FARMINGTON MN 55024 X DAVE LUCAS BOARD CHAIR 10.00 5.00 X X 0 0 0 TOM SAGSTETTER VICE CHAIR 5.00 5.00 X X 0 0 0 KATHY REED TREASURER 5.00 X X 0 0 0 JESSICA KEMNITZ SECRETARY 45.00 X X 45984 0 9612 ROB BERGFALK BOARD MEMBER 5.00 X 0 0 0 PAULA BERNARD BOARD MEMBER 5.00 X 0 0 0 SCOTT GANGL BOARD MEMBER 45.00 5.00 X 35502 0 8604 DAN DEBRUYN EXECUTIVE DIRECTOR 40.00 X 108600 0 15099 190086 0 33315 1 0 0 0 NORTHSTAR BUS LINES LLC 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 166666 VISION OF ELK RIVER INC 12508 ELK LAKE ROAD ELK RIVER MN 55330 TRANSPORTATION 127643 2 23582 7792122 27111 7842815 ATHLETIC FEES 611600 167262 167262 FOOD SALES 611710 129335 129335 FEES FROM PATRONS 611600 90388 90388 MEDICAL ASSISTANCE 611600 1284 1284 388269 4069 4069 40328 0 40328 40328 40328 0 23582 4507 -4507 -4507 41022 5140 35882 35882 MISCELLANEOUS REVENUE 611600 7043 7043 7043 8313899 395312 0 75772 500 500 250068 108133 141935 68880 68880 3487057 2926215 560842 2010512 1690634 319878 373545 274367 99178 277138 226290 50848 661 661 118931 118931 365520 349468 12852 3200 5466 5466 222109 107174 114935 88644 25957 62687 1314943 1314943 28375 19919 8456 117496 116136 1360 47934 47934 STUDENT TRANSPORTATION 309852 309852 FOOD SERVICE 140513 140513 DUES & MEMBERSHIPS 82162 47775 34387 ATHLETIC SUPPLIES 61396 61396 195648 193349 2299 9567350 8029435 1534715 3200 X 1391085 894911 908883 931545 33568 896632 48923 117818 1197516 486113 541380 711403 8010810 6397751 10957311 9927398 12545717 453007 103501 5149 61119 12475719 12710337 12933875 X -1753026 -3717880 0 711403 0 0 -1753026 -3006477 10957311 9927398 -1253451 0 X 0 1 X 1 0 X 322995 154890 168105 874521 331223 543298 711403 DEFERRED OUTFLOWS - PENSION 6359695 DUE FROM SPECTRUM BUILDING COMPANY 38056 6397751 DUE TO SPECTRUM BUILDING COMPANY 137253 NET PENSION LIABILITY 10635830 DEFERRED INFLOWS - PENSION 1702636 12475719 32735264 24422049 24422049 8313215 684 684 8313899 30044981 22331641 22331641 7713340 1854010 1854010 9567350 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY REVENUES 24,417,542. FUNDRAISING EVENT EXPENSES 4,507. PART XI, LINE 4B - OTHER ADJUSTMENTS: STATE AID RELATING TO PENSION EXPENSE 684. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY EXPENSES 22,039,615. CAPITALIZED BUILDING IMPROVEMENTS AND EQUIPMENT 287,519. FUNDRAISING EVENT EXPENSES 4,507. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 117,496. CHANGE IN NET PENSION LIABILITIES 1,736,514. 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 COMMUNICATED ON OUR WEBSITE IN ALL SOLICITATION AND REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. STING SWING 23582 23582 4463 44 23582 23582 4463 44 4507 -4507 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED IN JUNE 2018 TO UPDATE THE FOLLOWING SECTIONS: ARTICLE IV, SECTION 2 - NUMBER, TENURE AND QUALIFICATION. AT THE TIME OF ELECTION, THE BOARD OF DIRECTORS SHALL BE COMPOSED OF NOT LESS THAN FIVE BUT NOT MORE THAN SEVEN NONRELATED MEMBERS AND INCLUDE: (I) TWO LICENSED TEACHERS EMPLOYED AT THE SCHOOL OR PROVIDING INSTRUCTION UNDER CONTRACT BETWEEN THE CHARTER SCHOOL AND A COOPERATIVE; (II) AT LEAST TWO, BUT NOT MORE THAN FOUR PARENTS OR LEGAL GUARDIANS OF A STUDENT ENROLLED IN THE CHARTER SCHOOL, WHO ARE NOT AN EMPLOYEE OF THE SCHOOL; AND (III) AT LEAST ONE, BUT NOT MORE THAN TWO INTERESTED COMMUNITY MEMBER(S) WHO RESIDE(S) IN MINNESOTA, IS/ARE NOT EMPLOYED BY THE CHARTER SCHOOL, AND DO(ES) NOT HAVE A CHILD ENROLLED IN THE SCHOOL. CHARTER SCHOOL EMPLOYEES SHALL NOT SERVE ON THE BOARD UNLESS ITEM (I) APPLIES. CONTRACTORS PROVIDING FACILITIES, GOODS, OR SERVICES TO THE SCHOOL SHALL NOT SERVE ON THE BOARD. AN INDIVIDUAL MAY NOT SERVE ON THE BOARD IF AN IMMEDIATE FAMILY MEMBER IS AN EMPLOYEE OF THE SCHOOL. THE DEFINITION OF IMMEDIATE MEMBERS IS DEFINED BY MINNESOTA STATE STATUES, SECTION, 124E.02(B)(3). THE EXECUTIVE DIRECTOR AND SUCH OTHER PERSONS AS THE BOARD MAY DETERMINE FROM TIME-TO-TIME SHALL BE NON-VOTING EX-OFFICIO DIRECTORS. ARTICLE IV, SECTION 3 - GOVERNANCE STRUCTURE. WHILE PARENTS OR LEGAL GUARDIANS OF STUDENTS ENROLLED IN THE SCHOOL OFTEN RETAIN A MAJORITY VOTE, THE BOARD STRUCTURE ALSO ALLOWS FOR NO CLEAR MAJORITY. THE PROCESS AND PROCEDURES FOR CHANGING THE BOARD'S GOVERNANCE STRUCTURE WILL REMAIN CONSISTENT WITH CHAPTER 317A AND MINNESOTA STATUTES, SECTION 124E.07, SUBDIVISION 4. THE BOARD MAY CHANGE ITS GOVERNANCE STRUCTURE ONLY: (1) BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND A MAJORITY VOTE OF THE LICENSED TEACHERS EMPLOYEED BY THE SCHOOL AS TEACHERS, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT BETWEEN THE SCHOOL AND A COOPERATIVE; AND (2) WITH THE AUTHORIZER'S APPROVAL. ANY CHANGE IN BOARD GOVERNANCE STRUCTURE WILL CONFORM WITH THE COMPOSITION OF THE BOARD ESTABLISHED UNDER ARTICLE IV, SECTION 2 OF THESE BYLAWS. THE GOVERNANCE OF THE CORPORATION WILL AT ALL TIMES BE IN ACCORDANCE WITH THE PROVISIONS OF MINNESOTA STATUTES, SECTION 124E (CHARTER SCHOOL LAW) AND SUCH OTHER PROVISIONS OF MINNESOTA LAW APPLICABLE TO CHARTER SCHOOLS. FORM 990, PART VI, SECTION A, LINE 7A STATUTORY ELIGIBLE VOTERS. IN ACCORD WITH MINN. STAT. 124E, AND AS MAY BE AMENDED FROM TIME TO TIME, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT WITH A COOPERATIVE, ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND ALL MEMBERS OF THE BOARD OF DIRECTORS ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE PROCESS AND PROCEDURES FOR CHANGING THE BOARD'S GOVERNANCE STRUCTURE WILL REMAIN CONSISTENT WITH CHAPTER 317A AND MINNESOTA STATUTES, SECTION 124E.07, SUBDIVISION 4. THE BOARD MAY CHANGE ITS GOVERNANCE STRUCTURE ONLY: (1) BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND A MAJORITY VOTE OF THE LICENSED TEACHERS EMPLOYEED BY THE SCHOOL AS TEACHERS, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT BETWEEN THE SCHOOL AND A COOPERATIVE; AND (2) WITH THE AUTHORIZER'S APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO APPROVAL AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C EVERY TRANSACTION BEING PROCESSED OR DISCUSSED IS EVALUATED FOR ANY CONFLICT OF INTEREST DETERMINATION. DURING BOARD MEETINGS WHEN DISCUSSIONS ARISE REGARDING PROPOSED PLANS OR PURCHASES, BOARD MEMBERS ARE INFORMED ABOUT THEIR POSSIBILITY OF CONFLICT. IT IS ALSO NOTED TO EMPLOYEES THAT, IF THEY HAVE ANY ROLE IN A COMPANY WITH WHICH THE SCHOOL DOES BUSINESS, THEY MAY BE IN CONFLICT AND THE SCHOOL MAY NOT BE ABLE TO CONDUCT BUSINESS WITH THAT COMPANY. FORM 990, PART VI, SECTION B, LINE 15 SPECTRUM USES A REVIEW PROCESS OF OTHER AREA PUBLIC CHARTER AND TRADITIONAL PUBLIC SCHOOLS IN DETERMINING THE SALARY COMPENSATION FOR EMPLOYEES OF THE DISTRICT. THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BASED ON COMPARABLE SALARIES OF OTHER PUBLIC CHARTER AND TRADITIONAL PUBLIC LOCAL SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE 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 A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. JESSICA KEMNITZ AND SCOTT GANGL 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. SPECTRUM BUILDING COMPANY 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 260425207 HOLD AND LEASE SCHOOL FACILITY MN 501(C)(3) LINE 12A, I SPECTRUM HIGH SCHOOL 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 SPECTRUM BUILDING COMPANY K 1163620 LEASE AGREEMENT SPECTRUM BUILDING COMPANY Q 109592 CASH PAID