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        <BOY>475300</BOY>
        <EOY>665000</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>0</BOY>
        <EOY>68793</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>958546</BOY>
        <EOY>1542483</EOY>
      </TotalLiabilities>
      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <CapStckTrstPrinCurrentFunds>
        <BOY>520355</BOY>
        <EOY>681211</EOY>
      </CapStckTrstPrinCurrentFunds>
      <PaidInCapSrplsLandBldgEqpFund>
        <BOY>217201</BOY>
        <EOY>317994</EOY>
      </PaidInCapSrplsLandBldgEqpFund>
      <RetainedEarningsEndowmentEtc>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </RetainedEarningsEndowmentEtc>
      <TotalNetAssetsFundBalances>
        <BOY>737556</BOY>
        <EOY>999205</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1696102</BOY>
        <EOY>2541688</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>261649</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Equipment>
        <OtherCostOrOtherBasis>572284</OtherCostOrOtherBasis>
        <Depreciation>254290</Depreciation>
        <BookValue>317994</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>317994</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>CASH OVERDRAFT</Description>
        <Amount>68793</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>68793</TotalOfAmounts>
      <TotalRevenue>6782264</TotalRevenue>
      <TotalExpenses>6520615</TotalExpenses>
      <ExcessOrDeficitForYear>261649</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>261649</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>6782264</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>6782264</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>6782264</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>6520615</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>6520615</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>6520615</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION. THE SCHOOL IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>0</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>ADVERTISING FOR STUDENTS IS NOT USED.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <ReturnReference>SCHEDULE E, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID:</ReturnReference>
        <Explanation>THE SCHOOL RECEIVES VARIOUS AIDS THROUGH THE STATE OF MINNESOTA FOR THE PURPOSE OF PROVIDING EDUCATIONAL SERVICES TO ITS STUDENTS.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>EACH PARENT, TEACHER AND STAFF PERSON OF THE SCHOOL HAS ONE VOTE TO ELECT SCHOOL BOARD MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS HAS GRANTED AUTHORITY TO THE DIRECTOR TO REVIEW THE RETURN PRIOR TO FILING. THE 990 IS THEN REVIEWED BY THE BOARD OF DIRECTORS AFTER THE 990 IS SUBMITTED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>CONFLICT OF INTEREST FORMS ARE FILLED OUT ANNUALLY AND VERIFIED BY THE BOARD AND SCHOOL AUTHORIZOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE CONTRACTS FOR ALL EMPLOYEES ARE WRITTEN AND APPROVED BY THE SCHOOL BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES, AND/OR FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ACADEMY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RELATED BOARD MEMBERS</Identifier>
        <ReturnReference>FORM 990, PART VII, SECTION A</ReturnReference>
        <Explanation>PER MN STATUTE 124D.10, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. JESSICA BERGERON, CAROLYN SOMMERS TILLOTSON, DAN WALKER, MARY WOLFF, ANDREW CARLSON, AND SACHA MULLER ARE BOARD MEMBERS, BUT RECEIVE COMPENSATION FOR THEIR SERVICES AS TEACHERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE 2C:</ReturnReference>
        <Explanation>THE FINANCIAL STATEMENTS ARE COMPLETED BY THE INDEPENDENT AUDIT FIRM AND THE FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE BEING ISSUED. THERE IS NO CHANGE FORM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>