2016-05-11T08:56:00-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-07-01 061725440 PAIDEIA ACADEMY PAID 9529536200 7200 WEST 147TH STREET APPLE VALLEY MN 55124 JONATHON BRADLEY BOARD CHAIR 9529536200 2016-04-25 1 DENNIS HOOGEVEEN P01788739 6123764500 2014 2016-08-17 19:52:53Z MARCI LEVY-MAGUIRE 7200 WEST 147TH STREET APPLE VALLEY MN 55124 4156706 0 X WWW.PAIDEIAACADEMY.ORG X 2004 MN TO CHALLENGE AND INSPIRE LEARNERS BY PROVIDING A RIGOROUS, CONTENT-RICH EDUCATION. 7 5 102 110 0 0 4034658 4063929 144508 79307 114 99 21181 13371 4200461 4156706 0 0 0 0 2641395 2544655 0 0 0 1694704 1733187 4336099 4277842 -135638 -121136 1895155 2059442 239363 2881460 1655792 -822018 TO CHALLENGE AND INSPIRE LEARNERS BY ENGAGING EACH STUDENT IN A RIGOROUS, CONTENT-RICH EDUCATION INCORPORATING CLASSICAL STUDIES, LANGUAGES, MUSIC, AND THE ARTS WHILE NURTURING POSITIVE CHARACTER DEVELOPMENT. 0 0 3709080 0 79307 PAIDEIA PROVIDES AN INNOVATIVE AND QUALITY EDUCATION PROGRAM FOR 375 STUDENTS IN GRADES K-8 USING A COMBINATION OF THE CORE KNOWLEDGE SEQUENCE AND A CLASSICAL CURRICULUM THAT SETS HIGH, BUT ATTAINABLE STANDARDS. PAIDEIA ESTABLISHED A LEARNING COMMUNITY OF STUDENTS, TEACHERS, AND PARENTS THAT MODELS AND ENCOURAGES CHARACTER DEVELOPMENT, RESPECT FOR DIVERSITY, AND A SENSE OF RESPONSIBILITY. IN JANUARY, 2015, PAIDEIA ACADEMY WAS DESIGNATED A HIGH QUALITY CHARTER SCHOOL BY THE MINNESOTA DEPARTMENT OF EDUCATION, RECOGNIZING OUR STATUS IN THE TOP 10% OF CHARTER SCHOOLS AND IN THE TOP 30% OF PUBLIC SCHOOLS IN MINNESOTA FOR THE SECOND YEAR IN A ROW. 3709080 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 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 1 1 0 0 0 1 13 0 102 1 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 1 1 0 0 MN X BELTZ KES DARLING & ASSOCIATES 6514632233 22488 CHIPPENDALE AVENUE FARMINGTON MN 55024 ALLEN JOHNSON CHAIR 1.00 0.00 X X 0 0 0 JONATHAN BRADLEY VICE CHAIR 1.00 0.00 X X 0 0 0 ERIK DOVE TREASURER 1.00 0.00 X X 0 0 0 LEAH HOOD SECRETARY/TEACHER 40.00 0.00 X X 26287 0 4708 STEPHANIE ABRAHAM DIRECTOR 1.00 0.00 X 0 0 0 KIM GLOGOWSKI DIRECTOR 1.00 0.00 X 0 0 0 HEIDI JOHNSON DIRECTOR/TEACHER 40.00 0.00 X 48434 0 9087 SUSAN KELNBERGER DIRECTOR/TEACHER 40.00 0.00 X 35149 0 4375 ELIZABETH LARSEN DIRECTOR 1.00 0.00 X 0 0 0 ANDREW SAZAMA DIRECTOR 1.00 0.00 X 0 0 0 PHIL STERNER DIRECTOR 1.00 0.00 X 0 0 0 PETER THORPE DIRECTOR 1.00 0.00 X 0 0 0 MARCI LEVY-MAGUIRE SCHOOL DIRECTOR 40.00 0.00 X 94579 0 12823 204449 0 30993 0 0 0 0 MACPHAIL CENTER FOR MUSIC 501 SOUTH 2ND STREET MINNEAPOLIS MN 55401 MUSIC EDUCATION 112117 1 4031358 32571 4063929 FOOD SERVICE REVENUE 611600 50426 50426 FEES FROM PATRONS 611710 28881 28881 79307 99 99 MISCELLAENOUS REVENUE 900099 13371 13371 13371 4156706 28881 0 63896 229158 101927 127231 1765087 1597854 167233 130514 119042 11472 227939 215732 12207 191957 138663 53294 4745 4745 80879 80879 406110 368225 37885 182207 155972 26235 743803 723735 20068 68352 68352 10596 8781 1815 64140 62908 1232 27412 27412 TAXES, SPECIAL ASSESMEN 54414 54414 REPAIRS AND MAINTANENCE 52544 52544 DUES AND MEMBERSHIP 27733 3267 24466 CAPITAL EXPENDITURES 10252 10252 4277842 3709080 568762 0 1050256 992397 491584 435741 118183 117104 533913 357053 235132 176860 0 337340 1895155 2059442 237188 187446 2175 0 2694014 239363 2881460 X 1420660 -998878 235132 176860 0 0 1655792 -822018 1895155 2059442 X -121136 -2397615 40941 X X 0 1 X 1 0 X 44618 24315 20303 489295 332738 156557 176860 DEFERRED PENSION OUTFLOWS 337340 337340 PENSION LIABILITY PAYABLE 2043422 DEFERRED PENSION INFLOWS 650592 2694014 4156706 0 4156706 0 4156706 4219570 5868 5868 4213702 64140 64140 4277842 PART XII, LINE 2D - OTHER ADJUSTMENTS: CAPITALIZED EXPENDITURES 5,868. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 64,140. 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 SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY VIA LITERATURE AND WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL HAS ONE CLASS OF MEMBERSHIP: EACH ENROLLED CHILD'S PARENT(S)/LEGAL GUARDIAN(S) AND SCHOOL STAFF. FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE BOARD CHAIR, TREASURER AND BUSINESS MANAGER REVIEW THE FORM 990 IN DETAIL AND PRESENT TO THE FULL BOARD AT BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, DIRECTORS, OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS AND HOW TO PROCEED WITH THE TRANSACTION. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS WILL HAVE ON RECORD ANY POTENTIAL OR ACTUAL CONFLICTS AND ALL RELATED PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15A THE SPECIFIC DUTIES FOR WHICH THE SCHOOL DIRECTOR IS ACCOUNTABLE ARE SET FORTH IN A POSITION DESCRIPTION FOR THE SCHOOL DIRECTOR AND ARE MEASURED BY A PERFORMANCE APPRAISAL PROCESS AND ACCOMPANYING INSTRUMENTATION APPROVED BY THE BOARD. THE PROCESS AND INSTRUMENTATION ARE BASED ON BEST PRACTICES USED IN CHARTER SCHOOLS. THE BOARD SHALL NOTIFY THE SCHOOL DIRECTOR NO LATER THAN JUNE 30, FOR THE FOLLOWING SCHOOL YEAR, OF THE ACTIVITIES, TIMELINE, AND INSTRUMENTATION FOR ANNUAL PERFORMANCE APPRAISALS PROCESS, AND PENDING ADJUSTMENTS RELATING TO DATA ACQUIRED AFTER JULY 1. THE EVALUATION PROCESS SHALL BE COMPLETED IN SUFFICIENT TIME TO BE USED PART OF THE RENEWAL PROCESS FOR THE EMPLOYMENT AGREEMENT FOR THE FOLLOWING SCHOOL YEAR. THIS PROCESS IS DONE ANNUALLY FOR THE SCHOOL DIRECTOR MARCI LEVY-MAGUIRE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 40,941. FORM 990, PART XII, LINE 1, EXPLANATION FOR OTHER METHOD OF ACCOUNTING: THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENTS: DURING FISCAL YEAR ENDED JUNE 30, 2015, THE SCHOOL ADOPTED GASB STATEMENT NO. 68, ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS, AND THE RELATED GASB STATEMENT NO. 71, PENSION TRANSITION FOR CONTRIBUTIONS MADE SUBSEQUENT TO THE MEASUREMENT DATE - AN AMENDMENT OF GASB STATEMENT NO. 68. AS A RESULT, THE SCHOOL'S NET POSITION AS OF JUNE 30, 2014 HAS BEEN RESTATED TO REFLECT THE RECOGNITION OF THE SCHOOL'S PROPORTIONATE SHARE OF THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION OF MINNESOTA GENERAL EMPLOYEES' RETIREMENT FUND'S NET PENSION LIABILITY AS WELL AS THEIR PORTION OF THE TEACHER'S RETIREMENT ASSOCIATION'S COORDINATED AND BASIC PLAN NET PENSION LIABILITY. FRIENDS OF PAIDEIA 7200 147TH STREET WEST APPLE VALLEY MN 55124 205531904 SCHOOL BUILDING LEASING MN 501(C)(3) 11-TYPE 1 PAIDEIA ACADEMY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0