2015-03-25T09:53:00-05:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 BILL HUDSON HEAD OF SCHOOL 6517485507 2015-03-19 1 SARAH REICHLING P01587996 6123764500 2013 2016-03-07 17:11:31Z JEFF SUZIK 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 11897008 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 22 22 196 325 0 0 827145 704834 11155484 10442934 349001 286053 299662 315188 12631292 11749009 2621725 2368793 0 0 6789903 6102081 0 0 217654 3841630 3780594 13253258 12251468 -621966 -502459 30881858 29910760 11400152 10600542 19481706 19310218 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 10067962 2368793 10442934 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. NINETY-EIGHT 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. 10067962 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 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 196 1 0 0 0 0 0 1 1 0 0 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 ROBIN BROOKSBANK CHAIR 10.00 X X 0 0 0 BRENT PEACOCK TRUSTEEE, TREASURER 10.00 X X 0 0 0 TAMARA ANDERSON TRUSTEE,CO-CHAIR ELECT 10.00 X X 0 0 0 NANCY ETZWILER TRUSTEE,CO-CHAIR ELECT 2.00 X X 0 0 0 BETH AVERBECK TRUSTEE, SECRETARY 2.00 X X 0 0 0 LYNN BERNING TRUSTEE 2.00 X 0 0 0 DANA BOYLE TRUSTEE 2.00 X 0 0 0 COURTENAY BROWN TRUSTEE 2.00 X 0 0 0 KOFI BRUCE TRUSTEE 2.00 X 0 0 0 JENEAN CORDON TRUSTEE 2.00 X 0 0 0 MICHAEL DAI TRUSTEE 2.00 X 0 0 0 BETH FINCH TRUSTEE 2.00 X 0 0 0 ALLAN FLINN TRUSTEE 2.00 X 0 0 0 JENNIFER GATTI TRUSTEE 2.00 X 0 0 0 CHRIS JESMER TRUSTEE 2.00 X 0 0 0 CAMERON MEYER-MUELLER TRUSTEE 2.00 X 0 0 0 MICHAEL MILLER TRUSTEE 2.00 X 0 0 0 CHRISTOPHER PARISH TRUSTEE 2.00 X 0 0 0 BILL SEYMOUR TRUSTEE 2.00 X 0 0 0 DANIEL SHAPIRO TRUSTEE 2.00 X 0 0 0 LORI TAPANI TRUSTEE 2.00 X 0 0 0 EDWARD TITCOMB TRUSTEE 2.00 X 0 0 0 JEFF SUZIK HEAD OF SCHOOL 40.00 X 111301 0 8750 REGINA WALLRAFF CHIEF FINANCIAL OFFICER 40.00 X 99990 0 15527 RANDY COMFORT US DIVISION DIRECTOR 40.00 X 71098 0 0 282389 0 24277 1 0 0 0 SAGE DINING SERVICES 222 BOSLEY AVE B7 TOWSON MD 21204 FOOD SERVICE 406890 FIRST STUDENT 6349 STILLWATER BLVD OAKDALE MN 55128 TRANSPORTATION 159014 2 415340 45767 243727 75113 704834 TUITION 611600 10038883 10038883 FOOD SERVICE 611710 291847 291847 TRANSPORTATION 480000 106074 106074 APPLICATION FEES 611600 3511 3511 BOOKSTORE 611710 2619 2619 10442934 216022 216022 26970 0 26970 26970 26970 179811 109780 70031 70031 70031 0 415340 29733 -29733 -29733 11976 8486 3490 3490 MISCELLANEOUS 900099 171430 171430 EXTENDED DAY CARE 611710 111537 111537 YEARBOOK 611710 31494 31494 314461 11749009 10442934 0 601241 5280 5280 2363513 2363513 350773 350773 4827013 4084991 578457 163565 80365 62729 16440 1196 515456 403840 96086 15530 328474 256392 67195 4887 14829 14829 35058 35058 53726 53726 113879 113879 60318 3933 56385 481191 411325 49257 20609 51172 16421 34751 411006 404055 5440 1511 8273 4182 3124 967 14103 9645 4233 225 435253 435253 1339289 1279636 55936 3717 124211 122110 1644 457 FOOD 434630 416873 13095 4662 STUDENT TRANSPORTATION 135271 134725 545 1 FIELD TRIP & REGISTRATI 78765 76697 2068 RECOGNITION AND AWARDS 14538 11615 2596 327 -24918 -24918 12251468 10067962 1965852 217654 2651238 1144892 592497 1000071 1998 24574 20093 24197 31436 6346 21013 36720614 15819040 21982985 20901574 5184995 6549108 30456 31328 382572 211245 30881858 29910760 841298 734703 1440444 1040821 7917444 7707444 898687 1200966 218887 11400152 10600542 X 14367251 13563283 1035422 1628081 4079033 4118854 19481706 19310218 30881858 29910760 X -502459 554132 -223161 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5238355 289821 771500 221981 6521657 4944672 195286 485768 137371 250000 5238355 2986470 2097898 112804 150000 102500 4944672 2554910 18276 511284 98000 2986470 2583492 133657 -72239 90000 2554910 0.11900 0.67700 0.20400 0 0 746927 746927 31538274 11383627 20154647 4435413 4435413 0 20901574 ASSET RETIREMENT OBLIGATION 218887 218887 X 9752682 554132 -184942 369190 9383492 53726 2311791 2365517 11749009 9924170 38219 38219 9885951 53726 2311791 2365517 12251468 PART V, LINE 4: THE ORGANIZATION MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. PART X, LINE 2: THE ORGANIZATION 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. THE ORGANIZATION IS A PUBLIC CHARITY AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS CHARITABLE TAX DEDUCTIONS BY CONTRIBUTORS. THE ORGANIZATION 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. THE ORGANIZATION IS NOT AWARE OF ANY OF ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW FOR INCOME TAX PURPOSES BEGINNING WITH THE YEAR ENDED JUNE 30, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 29,733. COST OF GOODS SOLD 8,486. CHANGE IN VALUATION OF INTEREST RATE SWAP AGREMEENT 69,923. LOSS ON REFINANCE OF DEBT -293,084. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 2,311,791. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 29,733. COST OF GOODS SOLD 8,486. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 2,311,791. 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 ORGANIZATION RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. ANNUAL FUND 334123 334123 465 4796 BEST OF MPA 72477 72477 131 10201 9177 1 8740 8740 1922 52 2989 415340 415340 131 1922 10718 16962 29733 -29733 1 BREAKTHROUGH ST PAUL 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 453587267 501(C)(3) 5280 N/A N/A GENERAL OPERATING SUPPORT 1 0 FINANCIAL AID 142 2170980 N/A N/A TUITION DISCOUNT 15 126914 N/A N/A REDUCED LUNCH 36 29573 N/A N/A PANTHER CLUB FINANCIAL AID 33 36046 N/A 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. 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 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 23784 FINANCIAL AID TO STUDENTS WITH RELATIVES ON THE BOARD X 11 75113 STOCK MARKET QUOTES 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF ITEMS CONTRIBUTED ON PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1 THE COMPOSITION OF THE EXECUTIVE COMMITTEE SHOULD BE 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 MEEETING MAY NOT BE PRACTICAL OR POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S BUSINESS OFFICE PROVIDED THE FORM 990 DETAIL TO AUDITORS WHO PREPARED THE RETURN. THE DRAFT FORM 990 WAS REVIEWED BY THE ORGANIZATION'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 ORGANIZATION'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 IN A 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. NATIONAL DATA CAME FROM BENCHMARK RESEARCH, AN ORGANIZATION THAT GROUPS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS TOGETHER FOR COMPARISON PURPOSES; HOWEVER, THIS DATA WAS ONLY AVAILABLE FOR BASE SALARY. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS LAST CONDUCTED AT THE FEBRUARY, 2014 BOARD MEETING FOR THE HEAD OF SCHOOL, J. SUZIK. THE SALARY FOR THE DIRECTOR OF BUSINESS AND FINANCE IS COMPARED TO OTHER BENCHMARK SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF INTEREST RATE SWAP AGREEMENT 69,923. LOSS ON REFINANCE OF DEBT -293,084.