2014-05-15T11:55:01-05:00 2013-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2012-07-01 201775622 SPCPA Building Company SPCP 6512902225 16 West 5th Street St Paul MN 55102 Callie Jacobs 6512902225 2014-05-14 1 Thomas A Karnowski P00148364 9525450424 2014-05-14 2012 2015-11-30 17:44:51Z X Callie Jacobs 16 West 5th Street St Paul MN 55102 511157 0 X spcpa.org X 2004 MN To purchase real estate to lease to St. Paul Conservatory for Performing Artists, a MN Charter School 3 3 0 3 0 0 0 33024 688318 478133 0 0 0 0 688318 511157 0 0 0 0 0 0 0 0 0 533522 912621 533522 912621 154796 -401464 456042 9004714 122285 9072421 333757 -67707 To purchase, own, and improve buildings and real estate for lease to its beneficiary organization St. Paul Conservatory for Performing Artists, a Minnesota Charter School. 0 0 482301 478133 To purchase, own, and improve buildings and real estate for lease to its beneficiary organization St. Paul Conservatory for Performing Artists, a Minnesota Charter School that serves an estimated 656 students. 482301 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X Beltz Kes Darling and Associates 6514632233 22488 Chippendale Avenue Farmington MN 55024 Client Allen 0.50 0.50 X X 0 0 0 Ken Gilliam 0.50 0.50 X X 0 0 0 Wendy Lehr 0.50 X 0 0 0 Callie Jacobs 0.10 40.00 X 0 118074 11153 0 118074 11153 0 0 0 0 0 33024 33024 Rent Revenue 900099 478133 478133 478133 511157 478133 0 0 1500 1500 4790 4790 262159 262159 110615 110615 109527 109527 Bond issuance costs 424030 424030 912621 482301 430320 0 92205 84511 4418063 0 45191 7071 6568360 2118482 363837 4449878 456042 9004714 528 136375 121757 8936046 122285 9072421 X 91677 398 242080 -68105 0 0 333757 -67707 456042 9004714 -401464 0 X X 0 1 X 1 0 X X X 0 0 0 Saint Paul Conservatory for Performing Artists 820555555 170(b)(1)(A)(vi) 1 1 1 0 1 0 6556573 2109015 4447558 11787 9467 2320 4449878 X 5262541 5262541 5262541 0 511157 511157 511157 5224185 4822720 4822720 401465 511157 511157 912622 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Conservatory and Building Company are exempt from income taxes under Internal Revenue Service Code 501(c)(3). Both entities are subject to a tax on income from any unrelated business. The Conservatory and Building Company are subjected to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Conservatory and Building Company have analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where they operate. The Conservatory and Building Company believe that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse effect on the Conservatory or Building Companys financial condition, results of operations, or cash flows. Accordingly, the Conservatory and Building Company have not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2013. Part XI, Line 2d - Other Adjustments: Revenue reported by related party - St. Paul Conservatory for Performing Art 5,262,541. Part XI, Line 4b - Other Adjustments: Rent from related party 478,133. Miscellaneous income from related party 33,024. Part XII, Line 2d - Other Adjustments: Expense reported by related party - St. Paul Conservatory for Performing Art 4,822,720. Part XII, Line 4b - Other Adjustments: Rent from related party 478,133. Miscellaneous income from related party 33,024. A The Housing and Redevelopment Authority of the City of Saint Paul MN 521440935 79289TER9 2013-03-20 5840000 Building additions 0 1 0 B The Housing and Redevelopment Authority of the City of Saint Paul MN 521440935 79289TES7 2013-03-20 2885000 Building additions 0 1 0 A 5840000 357014 109953 172253 2808265 2392515 0 0 0 1 B 2885000 176368 54318 85094 1387302 1181918 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 Form 990, Part VI, Section B, line 11 The 990 is reviewed by Finance Committee prior to review by full board. Finance committee makes recommendations to board concerning acceptance or denial. Form 990, Part VI, Section B, line 12c All Directors are required to sign a conflict of interest disclosure statement. Any known conflicts are to be reported immediately to the board. Form 990, Part VI, Section C, line 19 The Building Company's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Selection of the Auditor FORM 990, PART XI, LINE 2C The Board reviews and approves the audit and the selection of the independent auditor annually. The process has not changed from the prior year. RELATED ORGANIZATION COMPENSATION Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted. Related organization hours FORM 990, PART VII, LINE 1A: Callie Jacobs also works as a the Executive Director for a related organization, St. Paul Conservatory for Performing Artists, an average of 40 hours per week. Clint Allen and Ken Gilliam serve as board members for a related organization, St. Paul Conservatory for Performing Artists, an average of .5 hours per week. ST PAUL CONSERVATORY FOR PERFORMING ARTISTS 75 WEST 5TH STREET STE 522 ST PAUL MN 55102 820555555 EDUCATION MN 501(c)(3) 7 N/A 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 St Paul Conservatory for Performing Artists J 478133 Lease Agreement