2019-05-21T14:45:49-05:00 2018-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2017-07-01 474954005 DaVinci Academy ABC DAVI 7637546577 532 Bunker Lake Blvd NE Ham Lake MN 55304 Debra Lach Executive Director 7637546577 2019-05-21 1 Thomas A Karnowski P00148364 9525450424 174.141.196.58 2019-05-21 14:29:42 CD P E25F683202E1508ED936069F06D51300AFEBC509 BF4D7B5D5DA3882B398E8E353D5D6C9C75DB51EA 2017 2019-02-21 02:37:17Z Debra Lach 532 Bunker Lake Blvd NE Ham Lake MN 55304 1234019 0 X https://davincicharterschool.org/our-school/davin X 2015 MN To support DaVinci Academy of Arts and Science by providing rental facitilies. 3 3 0 3 0 0 0 0 0 1201640 8561 32379 0 0 8561 1234019 0 0 0 0 0 0 0 0 0 1243253 1240076 1243253 1240076 -1234692 -6057 27236309 25458564 29414370 27642682 -2178061 -2184118 The mission of the DaVinci Academy ABC is to support DaVinci Academy of Arts and Science by providing rental facilities for the property that will be used by the school. 0 0 1240076 1234019 The corporation is organized and shall be operated exclusively in support of DaVinci Academy of Arts and Science, and in particular, to purchase, own and construct a public schoolhouse on real estate for lease to DaVinci Academy of Arts and Science. 1240076 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 0 0 X 3 3 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 MN X Debra Lach 7637546577 532 Bunker Lake Blvd Ham Lake MN 55304 Dale Lieb President 1.00 X X 0 0 0 Richard Reiling Treasurer 1.00 X X 0 0 0 Terry Moffatt Clerk 1.00 40.00 X X 0 87748 11624 0 87748 11624 0 0 0 0 Rochon Corp 28 2nd Street NW Suite 200 Osseo MN 55369 Construction 5493638 Rivera Architects 775 Fairmount Ave St Paul MN 55105 Architect 195160 2 Rent 611710 1201640 1201640 1201640 32379 32379 1234019 1234019 0 0 1240076 1240076 1240076 1240076 0 0 10043031 2878074 0 112855 21897377 0 17193278 21897377 570258 27236309 25458564 2692636 937538 23440175 23386811 2656698 2690000 624861 628333 29414370 27642682 X 7350395 2623649 -9528456 -4807767 0 0 -2178061 -2184118 27236309 25458564 -6057 0 X X 0 1 X 1 0 X X 1 DaVinci Academy of Arts and Science 743234914 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 21897377 21897377 21897377 Accrued Interest 628333 628333 X 8414784 8382405 8382405 32379 1201640 1201640 1234019 9263304 9263304 9263304 0 1240076 1240076 1240076 Part X, Line 2: DaVinci Academy ABC is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). Both are subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. DaVinci Academy ABC has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, DaVinci Academy ABC has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018. Part XI, Line 2d - Other Adjustments: Revenues reported on DaVinci Academy of Arts and Science 8,382,405. Part XI, Line 4b - Other Adjustments: Building rent income 1,201,640. Part XII, Line 2d - Other Adjustments: Expenses reported on DaVinci Academy of Arts and Science 9,263,304. Part XII, Line 4b - Other Adjustments: Building rent income 1,240,076. A City of Ham Lake 410973981 4066511AC 2016-05-25 23461347 0 0 0 A 23461347 1534943 1312534 455369 17193280 2965221 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Form 990, Part VI, Section A, line 6 The sole member of the organization is DaVinci Academy of Arts and Science. Form 990, Part VI, Section A, line 7a The sole member has the power to remove or appoint directors of the organization. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm. Once the form is completed it is given to management and the board treasurer for review before it is signed and filed. All members are not provided a complete Form 990. Form 990, Part VI, Section C, line 19 DaVinci Academy of Arts and Science and DaVinci Academy ABC make its governing documents, conflict of interest policy, and financial statements available to the public on their website and upon request. FORM 990, PART XII, LINE 2C: The process has not changed from the prior year. DaVinci Academy of Arts and Science 13001 Central Avenue Northeast Blaine MN 55434 743234914 School MN 501(c)(3) Line 2 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 Late filed return due to CCH Software outage