BETA

PRODEO ACADEMY: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
PRODEO ACADEMY (EIN 80-0743744)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-03
IRS object ID
201801239349300045
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-03T12:06:55-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411431613PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BERGANKDV LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1220 PARK AVE SOUTHAddressLine1Txt
CityST CLOUDCityNm
State AbbreviationMNStateAbbreviationCd
ZIP56301ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800743744EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PRODEO ACADEMY CHARTER SCHOOL #4213BusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRODBusinessNameControlTxt
Phone7637889653PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11555 40TH AVE NEAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55421ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD E CAMPIONPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6125594881PhoneNum
Signature2018-03-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHERESA M GOETTEPreparerPersonNm
PTINP01062926PTIN
Phone3202517010PhoneNum
Preparation2018-03-17PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address63.175.212.2IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-03-17IPDt
IP Tm10:19:04IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id904E40E30ECB4864180156103062516ED4FF2510AtSubmissionCreationDeviceId
At Submission Filing Device IdA9409933653FC99099C3B5E5AC9D2F3268343C84AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD E CAMPIONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11555 40TH AVE NEAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55421ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,351,880GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPRODEOACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionPRODEO ACADEMY IS A COLLEGE PREPARATORY SCHOOL THAT PREPARES STUDENTS TO BE CRITICAL THINKERS AND INTELLIGENT LEADERS, EXPANDING THEIR OPPORTUNITIES TO CONTRIBUTE POSITIVELY AND PRODUCTIVELY TO SOCIETY.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee77TotalEmployeeCnt
Total Volunteers90TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,305,650PYContributionsGrantsAmt
CY Contributions Grants$5,321,911CYContributionsGrantsAmt
PY Program Service Revenue$10,656PYProgramServiceRevenueAmt
CY Program Service Revenue$16,525CYProgramServiceRevenueAmt
PY Investment Income$232PYInvestmentIncomeAmt
CY Investment Income$237CYInvestmentIncomeAmt
PY Other Revenue$5,369PYOtherRevenueAmt
CY Other Revenue$13,207CYOtherRevenueAmt
PY Total Revenue$3,321,907PYTotalRevenueAmt
CY Total Revenue$5,351,880CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,601,223PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,513,144CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,581,720PYOtherExpensesAmt
CY Other Expenses$1,960,308CYOtherExpensesAmt
PY Total Expenses$3,182,943PYTotalExpensesAmt
CY Total Expenses$5,473,452CYTotalExpensesAmt
PY Revenues Less Expenses$138,964PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$121,572CYRevenuesLessExpensesAmt
Total Assets BOY$1,485,618TotalAssetsBOYAmt
Total Assets EOY$5,249,281TotalAssetsEOYAmt
Total Liabilities BOY$920,942TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,806,177TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$564,676NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$443,104NetAssetsOrFundBalancesEOYAmt
MissionSEE PART I, LINE 1MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,099,539ExpenseAmt
Revenue$29,732RevenueAmt
DescPRODEO ACADEMY EDUCATED STUDENTS IN KINDERGARTEN THROUGH 3RD GRADE DURING THE 2016-2017 SCHOOL YEAR. PRODEO ACADEMY PROVIDES INDIVIDUALIZED INSTRUCTION FOR EVERY CHILD.Desc
Total Program Service Expenses$4,099,539TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document19IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee77EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7637889653PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11555 40TH AVE NEAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55421ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MAGGIE SKRYPEK
CHAIRPERSON2.00Yes (X)Yes (X)$0$0$0
LEW REMELE
SECRETARY2.00Yes (X)Yes (X)$0$0$0
JEFFREY KLINEFELTER
TREASURER2.00Yes (X)Yes (X)$0$0$0
EMILY JONES
MEMBER/TEACHER42.00Yes (X)$20,331$0$6,019
JIM HORN
MEMBER2.00Yes (X)$0$0$0
RACHEL NELSON
MEMBER2.00Yes (X)$0$0$0
CHANCEY ANDERSON
MEMBER/STAFF (PARTIAL YEAR)52.00Yes (X)$103,750$0$19,192
MARK CHRONISTER
MEMBER (PARTIAL YEAR)2.00Yes (X)$0$0$0
DOUG JAEGER
MEMBER (PARTIAL YEAR)2.00Yes (X)$0$0$0
SKYE HOEKSTRA
MEMBER/TEACHER (PARTIAL YEAR)42.00Yes (X)$46,829$0$10,076
AHMISA CUADROS
MEMBER/STAFF (PARTIAL YEAR)42.00Yes (X)$15,507$0$3,851
VIDAL GUZMAN
MEMBER (PARTIAL YEAR)2.00Yes (X)$0$0$0
RICHARD CAMPION
EXECUTIVE DIRECTOR60.00Yes (X)$104,294$0$17,130
FieldValueIRS element (for citing)
Total Reportable Comp From Org$290,711TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$56,268TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TIES
PO BOX 9202MINNEAPOLISMN55480TRANSPORTATION$459,879
BLUE BELL ENTERPRISES
1415 MENDOTA HEIGHTS ROADMENDOTA HEIGHTSMN55120FOOD SERVICE$203,804
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$4,221,315GovernmentGrantsAmt
All Other Contributions$1,100,596AllOtherContributionsAmt
Total Contributions$5,321,911TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFEES FROM STUDENTSDesc
Business611710BusinessCd
Total Revenue Column$16,525TotalRevenueColumnAmt
Related Or Exempt Func Income$16,525RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$16,525TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$237TotalRevenueColumnAmt
Exclusion$237ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$13,207TotalRevenueColumnAmt
Related Or Exempt Func Income$13,207RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$13,207OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,351,880TotalRevenueColumnAmt
Related Or Exempt Func Income$29,732RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$237ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$457,248TotalAmt
Program Services$140,350ProgramServicesAmt
Management And General$316,898ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,899,150TotalAmt
Program Services$1,469,764ProgramServicesAmt
Management And General$429,386ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$870,638TotalAmt
Program Services$712,887ProgramServicesAmt
Management And General$157,751ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$116,775TotalAmt
Program Services$84,133ProgramServicesAmt
Management And General$32,642ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$169,333TotalAmt
Program Services$116,902ProgramServicesAmt
Management And General$52,431ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$445,804TotalAmt
Program Services$259,399ProgramServicesAmt
Management And General$186,405ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$115,515TotalAmt
Program Services$27,806ProgramServicesAmt
Management And General$87,709ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$412,069TotalAmt
Program Services$393,378ProgramServicesAmt
Management And General$18,691ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$35,026TotalAmt
Program Services$29,692ProgramServicesAmt
Management And General$5,334ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,725TotalAmt
Program Services$4,289ProgramServicesAmt
Management And General$2,436ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,520TotalAmt
Management And General$10,520ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STUDENT TRANSPORTATION$544,343$544,343
FOOD SERVICES$191,881$191,881
SMALL EQUIPMENT$87,005$40,530$46,475
INSTRUCTIONAL SUPPLIES$42,008$42,008

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$69,412TotalAmt
Program Services$42,177ProgramServicesAmt
Management And General$27,235ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,473,452TotalAmt
Program Services$4,099,539ProgramServicesAmt
Management And General$1,373,913ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$277,462BOYAmt
EOY$498,595EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$118,468BOYAmt
EOY$118,705EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$424,140BOYAmt
EOY$800,727EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$21,168BOYAmt
EOY$193,885EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$69,735LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$19,412LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$55,947BOYAmt
EOY$50,323EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$588,433BOYAmt
EOY$3,587,046EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,485,618BOYAmt
EOY$5,249,281EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$143,460BOYAmt
EOY$349,936EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$777,482BOYAmt
EOY$4,456,241EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$920,942BOYAmt
EOY$4,806,177EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$508,729BOYAmt
EOY$392,781EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$55,947BOYAmt
EOY$50,323EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$564,676BOYAmt
EOY$443,104EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,485,618BOYAmt
EOY$5,249,281EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$121,572ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$69,735OtherCostOrOtherBasisAmt
Depreciation$19,412DepreciationAmt
Book Value$50,323BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$50,323TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED OUTFLOWS RELATED TO PENSIONDesc
Book Value$3,587,046BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$3,587,046TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED INFLOWS RELATED TO PENSIONS$15,142
NET PENSION LIABILITY$4,441,099
FieldValueIRS element (for citing)
Total Liability$4,456,241TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,298,872TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,298,872RevenueSubtotalAmt
Other Revenues Not Included$53,008OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$53,008RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,351,880TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,734,674TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,101OtherExpensesIncludedAmt
Expenses Not Reported$1,101ExpensesNotReportedAmt
Expenses Subtotal$4,733,573ExpensesSubtotalAmt
Other Expenses Not Included$739,879OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$739,879ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,473,452TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:STATE AIDS RELATED TO PENSION EXPENSE 53,008.
PART XII, LINE 2D - OTHER ADJUSTMENTS:CAPITAL OUTLAY 1,101.
PART XII, LINE 4B - OTHER ADJUSTMENTS:CHANGE IN PENSION LIABILITIES 733,154. DEPRECIATION EXPENSE 6,725.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3WE MEET WITH FAMILIES PERSONALLY AND EXPLAIN TO EACH OF THEM THAT THIS IS A PUBLIC SCHOOL AND WE DO NOT DISCRIMINATE IN ANY WAY. IT IS THEIR CHOICE WHETHER TO SEND THEIR CHILD TO OUR SCHOOL AND WE WILL TAKE THEM / ENROLL THEM.
SCHEDULE E, PART I, LINE 6AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ABOARD OF DIRECTOR ELECTION PROCEDURES SHALL COMPLY WITH MINNESOTA STATUTE 124E.07. STAFF MEMBERS EMPLOYED AT THE SCHOOL, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD OF DIRECTORS REVIEW A PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL VENDOR PAYMENTS ARE VERIFIED AT THE TIME OF PAYMENT THAT THERE ARE NO CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15ATHE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DEVELOPED BY THE EXECUTIVE COMMITTEE OF THE PRODEO ACADEMY BOARD OF DIRECTORS AND INCLUDED A REVIEW OF COMPENSATION MODELS FROM CHARTER SCHOOLS OF SIMILAR SIZE AND SCOPE, AS WELL AS COMPARABLE PRIVATE AND PUBLIC INSTITUTIONS. THE EXECUTIVE COMMITTEE INCLUDES THREE BOARD MEMBERS FROM VARYING PROFESSIONAL BACKGROUNDS. EACH INDEPENDENTLY REVIEWED THE EXECUTIVE DIRECTOR AND THEN COMPILED DATA AND REACHED CONSENSUS ON COMPENSATION BASED ON THE PERFORMANCE REVIEW DATA.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE BOARD IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

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