2018-04-23T16:53:51-07:00 2017-06-30 Robert Reese Procaccini CPA 50 Birnamwood Drive Burnsville MN 55337 990 2016-07-01 900642816 ROCHESTER STEM ACADEMY ROCH 5072812381 415 16th Street SW Rochester MN 55902 Bryan Rossi Executive Director 5072812381 2018-04-17 1 Robert Procaccini P01890510 9529920995 2018-04-17 X 216.160.45.173 2016 2021-01-29 14:40:06Z Bryan Rossi 415 16th Street SW Rochester MN 55902 1546838 0 X www.rochesterstemacademy.org X 2010 MN The mission of Rochester STEM Academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional area high schools and greatly underrepresented in Rochester's STEM (Science, Technology, Engineering, and Mathematics) industries through a challenging program that emphasizes creativity, accountability, ongoing assessments, college-preparation, and high academic achievement. 5 4 19 10 0 0 1183509 1538572 0 0 5 1 4380 8265 1187894 1546838 0 0 0 0 680826 990981 0 0 0 581571 677303 1262397 1668284 -74503 -121446 558068 1500702 890638 1954718 -332570 -454016 The mission of Rochester STEM Academy is to provide a highly supportive learning environment for minority, immigrant and other students currently underserved in traditional area high schools and greatly underrepresented in Rochester's STEM (Science, Technology, Engineering, and Mathematics) industries through a challenging program that emphasizes creativity, accountability, ongoing assessments, college-preparation, and high academic achievement. 0 0 1322473 0 0 Rochester STEM Academy is a tuition-free public charter school serving approximately 94 students in grades 9 through 12 for the 2016-2017 school year. Rochester STEM Academy was 1 of only 2 charter school applications in the entire state to be approved in 2010 and chosen to receive a federal planning grant. It's founding board was brought together in response to the pent-up demand for an academically rigorous charter high school that could give a viable boost to Rochester's industries and children in terms of both academics and future employment. 0 0 0 1322473 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 5 0 1 19 1 0 0 0 0 0 0 X 5 4 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X Dieci School Finance LLC 6516366358 2151 Hamline Avenue North Suite 212 Roseville MN 55113 Mohamoud Hamud Board Chair 1 0 X X 0 0 0 Abdulkadir Abdalla Treasurer 1 0 X X 0 0 0 Zachary Jones Vice Chair 40 0 X X 37961 0 8544 Mohamed Abdalla Board Member 1 0 X 0 0 0 Ayan Mumin Board Member 1 0 X 0 0 0 Bryan Rossi Executive Director 40 0 X X 85096 0 14304 123057 0 22848 0 0 0 0 Rochester Math & Science Academy 415 16th Street SW Rochester MN 55902 Transportation 114500 1 0 0 0 0 1529429 9143 0 1538572 0 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous 900099 8265 0 0 8265 0 0 0 0 8265 1546838 0 0 8266 0 0 0 0 0 0 0 0 145971 48270 97701 0 0 0 0 0 469571 432138 37433 0 280651 225341 55310 0 49162 46814 2348 0 45626 35903 9723 0 0 0 0 0 360 0 360 0 51872 0 51872 0 0 0 0 0 0 0 0 0 0 0 92676 60880 31796 0 0 0 0 0 26847 9812 17035 0 2862 0 2862 0 0 0 0 0 217235 194782 22453 0 2979 2979 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11328 11328 0 0 8692 8692 0 0 Transportation 133253 133253 0 0 Food 95195 93789 1406 0 Instructional Materials 5299 5299 0 0 Capital Outlay 13193 13193 0 0 15512 0 15512 0 1668284 1322473 345811 0 226942 167334 35114 0 95039 96784 0 0 0 0 0 0 0 0 0 0 23079 28314 104036 80379 34985 23657 0 0 0 0 0 0 0 0 142909 1184613 558068 1500702 75954 86501 0 0 230685 20110 0 0 0 0 0 0 0 0 0 0 583999 1848107 890638 1954718 X -367555 -477673 34985 23657 0 0 -332570 -454016 558068 1500702 -121446 0 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 25800 12715 13085 0 78236 67664 10572 0 0 0 0 23657 Deferred Outflows of Resources 1184613 1184613 0 Pension Liability - Long-Term 1793484 Deferred Inflows of Resources 54623 1848107 X 1546838 0 0 0 0 0 1546838 0 0 0 1546838 1668284 0 0 0 0 0 1668284 0 0 0 1668284 Schedule D, 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. Generally, tax filings for the prior three years remain open to inspection by regulatory authorities. 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 nondiscrimination policy is included in the Board of Directors "Equal Educational Opportunity" policy, published on the school's website, and included in brochures. The policy is also communicated in all solicitation and registration materials. Schedule E, Part I, Line 6 Explanation of Government Financial Aid: Rochester STEM Academy is a public school that is funded by the Minnesota Department of Education and the federal government. Form 990, Part VI, Section A, Line 7a The following individuals may vote in the election of board members: Staff members who are employed by Rochester STEM Academy, including teachers providing instruction under a contract with a cooperative; students enrolled at Rochester STEM Academy who are at least 18 year of age; and all parents and legal guardians of children enrolled at Rochester STEM Academy. Form 990, Part VI, Section B, Line 11b The Director reviews the 990 tax return with the accounting service provider and tax preparer. This process is done before Form 990 is filed. Form 990, Part VI, Section B, Line 12c Annually, board members and key employees complete a full disclosure which includes the member, spouse, & close relatives of potential conflicts of interest. If a board member has a potential conflict of interest, they do not vote on that matter. Form 990, Part VI, Section B, Line 15 The board determines the compensation as part of the budget process, generally a flat percentage among all staff. Form 990, Part VI, Section C, Line 19 Public documents are made available upon request.