2017-12-19T11:21:19-06:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA F WALLRAFF CHIEF FINANCIAL OFFICER 6517485507 2017-12-14 1 SARAH REICHLING P01305207 6123764500 67.137.57.251 2017-12-14 10:39:46 CS P F3F329DFBA37A4C14C73FD596159B47BC051605F 5BFE7676D8EC5C242CDF9839AF96295FEEFA7AB1 2016 2018-03-14 21:41:22Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 13687787 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 22 22 172 325 0 0 901142 1356442 11006870 11473596 871979 43916 243199 215972 13023190 13089926 2556194 2935001 0 0 7140020 7374901 0 53332 344151 3594370 3735526 13290584 14098760 -267394 -1008834 28460898 27911555 10082697 9750653 18378201 18160902 TO TEACH STUDENTS TO THINK INDEPENDENTLY, COMMUNICATE EFFECTIVELY AND ACT WITH RESPECT AND INTEGRITY IN A DIVERSE COMMUNITY THAT MODELS INTELLECTUAL AMBITION, GLOBAL RESPONSIBILITY AND THE JOY OF LEARNING. 0 0 11440613 2935001 11104218 OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA, TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY SERVED APPROXIMATELY 500 STUDENTS. ONE-HUNDRED PERCENT OF THE ACADEMY'S STUDENTS ARE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. THE ACADEMY'S CURRICULUM FOCUSES ON COLLABORATION; EXPERIENTIAL, HANDS-ON LEARNING; AND PROVIDES OVER 70 ACTIVITIES INCLUDING FINE ARTS, ACADEMICS, SOCIAL AWARENESS AND ATHLETICS AT ITS 32 ACRE CAMPUS IN ST. PAUL. 11440613 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 172 1 0 0 0 0 0 1 1 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X X REGINA WALLRAFF 6517485501 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 BRENT PEACOCK TRUSTEE, CHAIR 10.00 X X 0 0 0 BETH FINCH TRUSTEE, VICE CHAIR 10.00 X X 0 0 0 CHRIS JESMER TRUSTEE, TREASURER 10.00 X X 0 0 0 MATT LARSON TRUSTEE, SECRETARY 2.00 X X 0 0 0 TAMARA ANDERSON TRUSTEE 2.00 X 0 0 0 STEVE ARSENAULT TRUSTEE 2.00 X 0 0 0 KOFI BRUCE TRUSTEE 2.00 X 0 0 0 MICHAEL DAI TRUSTEE 2.00 X 0 0 0 CAROLINA DEL SOLAR TRUSTEE 2.00 X 0 0 0 NAN ETZWILER TRUSTEE 2.00 X 0 0 0 JENNIFER GATTI TRUSTEE 2.00 X 0 0 0 RAHOUL GHOSE TRUSTEE 2.00 X 0 0 0 BOB KING TRUSTEE 2.00 X 0 0 0 KAREN KOZEN-LIEN TRUSTEE 2.00 X 0 0 0 KATHLEEN LAMEY TRUSTEE 2.00 X 0 0 0 DANIEL SHAPIRO TRUSTEE 2.00 X 0 0 0 TOM HOCKERT TRUSTEE 2.00 X 0 0 0 JESSICA WONG TRUSTEE 2.00 X 0 0 0 BILL HUDSON HEAD OF SCHOOL 40.00 X 224801 0 28430 REGINA WALLRAFF CHIEF FINANCIAL OFFICER 40.00 X 109022 0 24084 333823 0 52514 2 0 1 0 SAGE DINING SERVICES 222 BOSLEY AVE B7 TOWSON MD 21204 FOOD SERVICE 475914 FIRST STUDENT 6349 STILLWATER BLVD OAKDALE MN 55128 TRANSPORTATION 172612 BUILDING RESOURCE CORPORATION 600 HOOVER STREET NE MINNEAPOLIS MN 55413 CLEANING 134662 3 270473 39403 1046566 401296 1356442 TUITION 611600 11104218 11104218 FOOD SERVICE 611710 319768 319768 TRANSPORTATION 480000 44515 44515 APPLICATION FEES 611600 5095 5095 11473596 24253 24253 29815 2225 1100 0 28715 2225 30940 30940 541009 514 521860 0 19149 514 19663 19663 0 270473 74901 -74901 -74901 MISCELLANEOUS 900099 157309 157309 EXTENDED DAY CARE 611710 69924 69924 YEARBOOK 611710 32700 32700 259933 13089926 11104218 0 629266 2935001 2935001 386337 386337 5781516 4913942 691316 176258 89190 77677 9595 1918 703642 586535 96069 21038 414216 335515 70417 8284 38020 38020 37370 37370 53332 53332 23639 23639 36400 36400 337166 13002 293532 30632 228246 115639 92377 20230 62524 21994 37456 3074 599581 408296 185732 5553 60479 50771 7397 2311 223976 223976 1138837 1101380 33957 3500 104232 84428 17719 2085 FOOD 508201 470467 26828 10906 BUSING 184178 183424 622 132 MISCELLANEOUS 152677 106142 41637 4898 14098760 11440613 2313996 344151 412740 -10737 1001489 1003652 158695 40822 49907 32512 29160 99107 94143 37299928 17585283 20123911 19714645 6536315 6839040 33050 33050 180952 0 28460898 27911555 878908 1045429 938628 916960 7707444 7176341 316942 360204 240775 251719 10082697 9750653 X 12937828 12437352 1162700 1434193 4277673 4289357 18378201 18160902 28460898 27911555 -1008834 791535 0 X 0 1 X 1 0 X 827145 704834 1093417 901142 1356444 4882982 827145 704834 1093417 901142 1356444 4882982 516775 4366207 246059 242992 259267 216165 89386 1053869 286348 314461 175965 267515 259931 1304220 7241071 54679972 0.60300 0.50630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5645532 11684 788365 576322 5869259 5961922 22164 123812 462366 5645532 6077695 171227 287000 5961922 5238355 289821 771500 221981 6077695 4944672 195286 485768 137371 250000 5238355 0.11260 0.73080 0.15660 0 0 746927 746927 32774415 13922047 18852368 3663236 3663236 0 115350 115350 19714645 ASSET RETIREMENT OBLIGATION 251719 251719 X 11039805 791535 76001 867536 10172269 23639 2894018 2917657 13089926 11257104 76001 76001 11181103 23639 2894018 2917657 14098760 PART V, LINE 4: THE ACADEMY MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. PART X, LINE 2: MOUNDS PARK ACADEMY (MPA) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE 290, AND IS GENERALLY EXEMPT FROM REAL ESTATE TAXES. MPA IS A PUBLIC CHARITY AND CONTRIBUTIONS QUALIFY AS CHARITABLE TAX DEDUCTIONS BY CONTRIBUTORS. MPA FOLLOWS THE PROVISIONS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MPA IS NOT AWARE OF ANY OF ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 74,901. RENTAL EXPENSES 1,100. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 2,894,018. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 74,901. RENTAL EXPENSES 1,100. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 2,894,018. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL ADMISSION GUIDELINES CONTAIN THE NONDISCRIMINATORY POLICIES. SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. 0 BETZ SHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55437 PROFESSIONAL FUNDRAISING 0 0 53332 -53332 53332 -53332 MN BEST OF MPA 270473 270473 12500 23278 6000 33123 270473 270473 12500 23278 6000 33123 74901 -74901 1 FINANCIAL AID 197 2420290 BOOK VALUE N/A TUITION DISCOUNT 46 473728 BOOK VALUE N/A PANTHER CLUB FINANCIAL AID 5 1188 BOOK VALUE N/A REDUCED LUNCH 45 39795 BOOK VALUE N/A PART I, LINE 2: THE TYPE OF ASSISTANCE PROVIDED IS CREDITED DIRECTLY TO THE RECIPIENT'S ACCOUNT ON BEHALF OF THE STUDENT. NO FUNDS ARE DIRECTLY DISBURSED TO INDIVIDUALS. X X X X 0 0 0 0 0 0 0 0 0 BILL HUDSON HEAD OF SCHOOL 224801 0 0 0 0 0 4500 0 23930 0 253231 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00700 0.00700 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FAMILY MEMBERS OF BOARD TRUSTEES 50624 FINANCIAL AID FINANCIAL AID FAMILY MEMBERS OF EMPLOYEES 23660 FINANCIAL AID FINANCIAL AID X 12 312756 STOCK MARKET QUOTES X MISCELLANEOUS DONATED ITEMS 327 88542 ESTIMATED FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEETING MAY NOT BE PRACTICAL OR POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11B THE ACADEMY'S BUSINESS OFFICE PROVIDED THE FORM 990 DETAIL TO AUDITORS WHO PREPARED THE RETURN. THE DRAFT FORM 990 WAS REVIEWED BY THE ACADEMY'S FINANCE COMMITTEE AND GOVERNANCE COMMITTEE FOR ADJUSTMENTS. A PUBLIC INSPECTION COPY OF THE RETURN WAS FORWARDED TO THE WHOLE BOARD PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS CONDUCTED WITHIN THE LAST YEAR FOR THE HEAD OF SCHOOL, B. HUDSON. THE PROCESS WAS APPROVED AT THE JUNE 2017 EXECUTIVE COMMITTEE MEETING. THE SALARY FOR THE CFO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.