2017-05-12T12:50:19-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-07-01 410693870 MINNEHAHA ACADEMY MINN 6127298321 3100 WEST RIVER PARKWAY MINNEAPOLIS MN 554062398 DAN BOWLES EXEC DIRECTOR OF FINANCE & OPS 6127298321 2017-05-10 1 AMY HENDLEY P01300654 6123764500 2015 2021-01-29 14:40:06Z DONNA HARRIS EDD 3100 WEST RIVER PARKWAY MINNEAPOLIS MN 554062398 23068976 0 X WWW.MINNEHAHAACADEMY.NET X 1905 MN TO PROVIDE A HIGH QUALITY EDUCATION TO STUDENTS IN PRE-SCHOOL TO GRADE 12 INTEGRATING CHRISTIAN FAITH AND LEARNING. 26 26 343 900 31414 3943 2722052 1465945 16305478 15000653 166350 204591 140608 256711 19334488 16927900 2343075 2790344 0 0 8861157 8728498 33000 0 553973 7974960 6666808 19212192 18185650 122296 -1257750 45455015 43042855 14534902 14015262 30920113 29027593 MINNEHAHA ACADEMY'S PRIMARY PURPOSE IS TO PROVIDE A HIGH QUALITY EDUCATION TO STUDENTS IN PRE-SCHOOL TO GRADE 12 INTEGRATING CHRISTIAN FAITH AND LEARNING. 0 0 15978745 2790344 15100970 MINNEHAHA ACADEMY IS A PRE-SCHOOL THROUGH GRADE 12 SCHOOL SERVING STUDENTS THROUGHOUT THE MINNEAPOLIS AND ST. PAUL AREA. ENROLLMENT IN 2015 - 2016 WAS 803 STUDENTS. IN SUPPORT OF ITS COMMITMENT TO CULTURAL AND SOCIOECONOMIC DIVERSITY AS BEING AN ESSENTIAL PART OF ITS EDUCATION GOALS, THE SCHOOL GRANTED FINANCIAL AID TO STUDENTS. 15978745 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 29 0 343 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X DAN BOWLES 6127298321 3100 WEST RIVER PARKWAY MINNEAPOLIS MN 55406 DAVID ANDERSON CHAIR 1.00 0.00 X X 0 0 0 SUSAN POSTON VICE CHAIR 1.00 0.00 X X 0 0 0 TOM JOHNSON TREASURER 1.00 0.00 X X 0 0 0 THOMAS VERDOORN SECRETARY 1.00 0.00 X X 0 0 0 JONATHAN TAYLOR BOARD TRUSTEE 1.00 0.00 X 0 0 0 ERIK ANDERSON BOARD TRUSTEE 1.00 0.00 X 0 0 0 ARDELLE FERRIS BOARD TRUSTEE 1.00 0.00 X 0 0 0 MARK STROMBERG BOARD TRUSTEE 1.00 40.00 X 0 0 0 JOHN AHLQUIST BOARD TRUSTEE 1.00 0.00 X 0 0 0 KELLY GRIFFIN BOARD TRUSTEE 1.00 0.00 X 0 0 0 KAREN BROWN BOARD TRUSTEE 1.00 0.00 X 0 0 0 JAMIE ANDERSON BOARD TRUSTEE 1.00 0.00 X 0 0 0 JACQUELYN CHERRYHOMES BOARD TRUSTEE 1.00 0.00 X 0 0 0 CHRIS GEHRZ BOARD TRUSTEE 1.00 0.00 X 0 0 0 MARC BELTON BOARD TRUSTEE 1.00 0.00 X 0 0 0 GREGORY KARPENKO BOARD TRUSTEE 1.00 0.00 X 0 0 0 STEVE LARSON BOARD TRUSTEE THRU 01/16 1.00 0.00 X 0 0 0 CAROL SUNDET-MEEKER BOARD TRUSTEE 1.00 0.00 X 0 0 0 JANE MATHESON BOARD TRUSTEE 1.00 0.00 X 0 0 0 KATHY PARTEN BOARD TRUSTEE 1.00 0.00 X 0 0 0 TROY LUCHT BOARD TRUSTEE 1.00 0.00 X 0 0 0 TODD NELSON BOARD TRUSTEE 1.00 0.00 X 0 0 0 NATHAN SONSTEGARD BOARD TRUSTEE 1.00 0.00 X 0 0 0 BROOKE LEE BOARD TRUSTEE 1.00 0.00 X 0 0 0 KEITH MEYER BOARD TRUSTEE 1.00 0.00 X 0 0 0 JAMES VOLLING BOARD TRUSTEE 1.00 0.00 X 0 0 0 BOB SWANBERG BOARD TRUSTEE 1.00 0.00 X 0 0 0 DONNA HARRIS PRESIDENT 40.00 0.00 X 150664 0 91906 DANIEL BOWLES EXEC DIRECTOR OF FINANCE & OPERATIONS 40.00 0.00 X 86401 0 30479 237065 0 122385 1 0 1 0 AP MIDWEST LLC 6701 W 23RD ST MINNEAPOLIS MN 55426 GENERAL CONTRACTOR 426501 FIRST STUDENT INC 7225 WINNETKA AVE N MINNEAPOLIS MN 55428 STUDENT TRANSPORTATION 308412 MONARCH BUS SERVICES 715 TAFT ST NE MINNEAPOLIS MN 55413 STUDENT TRANSPORTATION 266136 3 7123 1458822 180296 1465945 TUITION AND FEES 611600 14399371 14399371 AUXILIARY ACTIVITIES 611710 393664 393664 TRANSPORTATION 611710 207618 207618 15000653 151817 151817 239524 25533 213991 213991 31414 182577 5115023 858538 5053869 866918 61154 -8380 52774 52774 221332 7123 194756 26576 26576 MISCELLANEOUS REVENUE 900099 16144 16144 16144 16927900 14793035 31414 637506 2790344 2790344 411841 267697 123552 20592 6986596 6033232 631759 321605 152638 129526 15832 7280 655638 556365 68003 31270 521785 442779 54120 24886 9719 9719 26750 26750 15637 15637 36441 36441 144648 22642 102919 19087 121228 47219 58024 15985 612267 512453 88528 11286 506448 499974 6474 293933 293933 1143568 1129358 14210 158838 158838 INSTRUCTION 2000153 2000153 TUITION REMISSION 1160331 1160331 436847 92739 242126 101982 18185650 15978745 1652932 553973 940 1140 2230516 3326606 2986027 889616 529267 361658 0 30000 13106 13036 84755 58972 44512249 16947629 26984059 27564620 12583906 10797207 42439 45455015 43042855 43039 1149592 0 688463 4442896 11212011 0 937632 10048967 27564 14534902 14015262 X 18338258 16839128 4821890 3047404 7759965 9141061 30920113 29027593 45455015 43042855 X -1257750 -274182 340801 -701389 X 0 1 X 1 0 X 1345173 2826663 5439916 2722052 1465945 13799749 1345173 2826663 5439916 2722052 1465945 13799749 3791102 10008647 184660 133410 137412 166350 334394 956226 16144 16144 14772119 76976891 0.67750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8766133 824631 -21135 524347 9045282 7478997 280968 7759965 6057768 1421229 7478997 4387401 1670367 6057768 4076037 311364 4387401 0.00000 1.00000 0.00000 0 0 1092952 1092952 39868373 14412965 25455408 3303360 2534664 768696 247564 247564 27564620 CAPITAL LEASES PAYABLE 27564 27564 X 12074971 -274182 -675856 -950038 13025009 15637 3887254 3902891 16927900 14308292 25533 25533 14282759 15637 3887254 3902891 18185650 PART V, LINE 4: THE INTENDED USES OF THE ENDOWMENT FUNDS INCLUDE THE FOLLOWING: FINANCIAL AID, GENERAL OPERATIONS, LIBRARY, MUSIC AND PROFESSIONAL GROWTH. PART X, LINE 2: THE ACADEMY QUALIFIES AS A TAX-EXEMPT NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUES OF MINNESOTA LAW. ACCORDINGLY, INCOME TAXES HAVE NOT BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION UNDER APPLICABLE ACCOUNTING GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON RESTRICTED PROMISE TO GIVE -680,000. UNREALIZED LOSS ON INTEREST RATE CONTRACT -21,389. RENTAL EXPENSE 25,533. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 3,887,254. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 25,533. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION 3,887,254. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MINNEHAHA ACADEMY DESCRIBES ITS NONDISCRIMINATORY POLICY IN THE STUDENT HANDBOOK PASSED OUT ON THE FIRST DAY OF SCHOOL AND IS ALSO AVAILABLE ON OUR WEBSITE. FUNDRAISING EVENT-ARENA SALE 100491 100491 100491 17396 FUNDRASING EVENT-AUCTION 88537 7123 81414 54838 22031 189028 7123 181905 155329 39427 194756 -12851 1 FINANCIAL AID 319 2790344 0 N/A N/A PART I, LINE 2: FINANCIAL AID IS DETERMINED BY A FAMILY'S ABILITY TO MEET EDUCATION EXPENSES. THE FINANCIAL AID DETERMINATION IS BASED ON DEMONSTRATED NEED AND NOT ON THE WILLINGNESS OR UNWILLINGNESS TO PAY. FINANCIAL AID IS AVAILABLE TO RETURNING CURRENT STUDENTS AND TO NEW STUDENTS WHO HAVE BEEN ACCEPTED FOR ADMISSION IN GRADES K-12. MINNEHAHA ACADEMY IS A MEMBER OF THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), A NEEDS ANALYSIS SYSTEM SERVING THE ELEMENTARY AND SECONDARY SCHOOL LEVEL. AS A MEMBER OF SSS, MINNEHAHA ACADEMY AGREES TO COMPLY WITH THE NAIS PRINCIPALS OF GOOD PRACTICE FOR FINANCIAL AID. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DONNA HARRIS PRESIDENT 140414 0 0 0 10250 0 18689 0 73217 0 242570 0 0 0 PART I, LINE 1A DONNA HARRIS - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - PAYMENT OF SELF-EMPLOYMENT TAXES - INCLUDED IN TAXABLE INCOME. DONNA HARRIS - HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - NOT INCLUDED IN TAXABLE INCOME. A CITY OF MENDOTA MINNESOTA 411729083 2015-08-06 6295600 SOUTH CAMPUS ADDITION 0 0 0 B CITY OF LILYDALE MINNESOTA 411285204 2015-08-06 5201800 NORTH CAMPUS ADDITION 0 0 0 A 6295600 125000 6170600 2016 1 0 1 1 B 5201800 104000 5097800 2016 1 0 1 1 A 0 1 0 0 0.03000 0.00000 0.03000 0 0 1 B 0 1 0 0 0.03000 0.00000 0.03000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 DONNA HARRIS PRESIDENT PURCHASE HOUSE X 30000 30000 0 1 1 30000 X 100491 SALES PRICE X 1 24967 STOCK MARKET QUOTES X AUCTION ITEMS 199 54838 ESTIMATED FMV 0 0 1 0 PART I, COLUMN (B): THE ACADEMY REPORTS THE NUMBER OF ITEMS CONTRIBUTED FOR AUCTION ITEMS AND THE NUMBER OF CONTRIBUTORS FOR PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF TRUSTEES MAY CREATE SUCH COMMITTEES AS IT DEEMS APPROPRIATE AND SHALL APPOINT THE MEMBERSHIP OF EACH COMMITTEE. SUCH COMMITTEES MAY INCLUDE TRUSTEES AND NON-TRUSTEES. THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT SHALL BE EX-OFFICIO MEMBERS OF ALL COMMITTEES. EACH COMMITTEE SHALL HAVE AND EXERCISE SUCH AUTHORITY AS IS DELEGATED TO IT BY THE BOARD OF TRUSTEES. THE DESIGNATION OF SUCH COMMITTEES AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF TRUSTEES, OR ANY INDIVIDUAL TRUSTEE, OF ANY RESPONSIBILITY IMPOSED UPON HIM OR HER BY LAW. UNLESS OTHERWISE PROVIDED IN THE RESOLUTION CREATING A COMMITTEE, SUCH COMMITTEE MAY FIX THE TIME AND PLACE OF ITS MEETINGS, SPECIFY WHAT NOTICE OF MEETINGS, IF ANY, SHALL BE GIVEN, AND FIX ITS RULES OF PROCEDURE WHICH SHALL NOT BE INCONSISTENT WITH THESE BYLAWS OR WITH RULES ADOPTED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ACADEMY IS THE NORTHWEST CONFERENCE OF THE EVANGELICAL COVENANT CHURCH OF AMERICA. FORM 990, PART VI, SECTION A, LINE 7A FIFTEEN MEMBERS OF THE BOARD OF TRUSTEES OF THE ACADEMY ARE ELECTED BY THE ACADEMY'S SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ARE ACTIONS THAT REQUIRE THE APPROVAL OF THE SOLE MEMBER OF THE ACADEMY: 1. APPOINTMENT AND REMOVAL OF THE CORPORATION'S PRESIDENT; 2. APPROVAL OF THE STRATEGIC PLAN, MISSION STATEMENT, AND MAJOR CHANGES OF POLICY; 3. APPROVAL OF MAJOR BORROWING; 4. APPROVAL OF THE DISPOSITION, BUYING, LEASING, SELLING, OR ENCUMBERING OF REAL PROPERTY; 5. APPROVAL OF MERGERS OR DISSOLUTION AND APPROVAL OF THE CREATION OF NEW AFFILIATES AND SUBSIDIARIES; 6. AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS; 7. APPROVAL OF THE FISCAL YEAR END; AND 8. DESIGNATION OF AUDITORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM FROM INFORMATION PREPARED BY THE ACADEMY'S FINANCE TEAM. THE DRAFT FORM 990 IS REVIEWED FIRST BY THE FINANCE TEAM, AND THEN THE FINANCE COMMITTEE. THE FORM 990 IS THEN FORWARDED TO THE THE FULL BOARD OF TRUSTEES WHO HAVE A CHANCE TO REVIEW THE FORM 990 DURING A BOARD MEETING PRIOR TO FILING. FINANCE STAFF MEMBERS IN CHARGE OF COMPLETING THE FORM 990 ARE AVAILABLE TO DISCUSS THE FORM 990 AND ANSWER ANY QUESTIONS THE BOARD MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY'S CONFLICT OF INTEREST POLICY COVERS NOT ONLY TRUSTEES AND OFFICERS, BUT ALSO EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF MINNEHAHA ACADEMY INCLUDING THOSE RESPONSIBLE FOR MATERIAL PURCHASING DECISIONS AND PERSONS WHO MIGHT BE DESCRIBED AS "MANAGEMENT PERSONNEL." LEVEL 4 AND 5 ADMINISTRATORS ARE THUS DESIGNATED. EVERY YEAR, ALL COVERED PERSONS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. CONFLICTS REPORTED ON THE FORMS ARE REVIEWED BY THE BOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURES INVOLVING TRUSTEES SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO MINNEHAHA ACADEMY. THE DECISION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF MINNEHAHA ACADEMY AND THE ADVANCEMENT OF ITS PURPOSE. IF IT IS DETERMINED THAT THE TRANSACTION IS OF MATERIAL CONFLICTING INTEREST, SUCH TRANSACTION MAY STILL BE UNDERTAKEN IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF MINNEHAHA ACADEMY. ALL PROCEEDINGS SURROUNDING THE CONFLICTS OF INTEREST ARE DOCUMENTED IN MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD'S EXECUTIVE COMMITTEE MEETS WITHOUT THE PRESIDENT TO REVIEW AND SET COMPENSATION FOR THAT POSITION. HUMAN RESOURCES PROVIDES SALARY BENCHMARKING WHICH IS USED IN THE COMPENSATION REVIEW PROCESS. THE PROCESS IS COMPLETED IN JUNE OF EACH YEAR, AND LAST OCCURRED IN JUNE 2016. THE PRESIDENT REVIEWS AND APPROVES COMPENSATION FOR OTHER EMPLOYEES BASED ON BENCHMARKED SALARY RANGES. IN ADDITION, THE PRESIDENT TAKES INTO ACCOUNT THE EMPLOYEE'S PROGRESS AGAINST PERFORMANCE EXPECTATIONS FOR THE EMPLOYEE. THIS PROCESS IS COMPLETED ANNUALLY, AND LAST OCCURRED IN JUNE 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: LOSS ON RESTRICTED PROMISES TO GIVE -680,000. UNREALIZED LOSS ON INTEREST RATE CONTRACT -21,389. NORTHWEST CONFERENCE OF THE EVANGELICAL COVENANT CHURCH OF AMERICA 3106 47TH AVENUE SOUTH MINNEAPOLIS MN 55406 410705796 CHURCH MN 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0