2013-02-05T09:21:27-06:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-07-01 411822009 NEW VISIONS SCHOOL NEWV 6127065566 1800 SECOND STREET NORTHEAST MINNEAPOLIS MN 55418 JENNIFER GERAGHTY 6127065566 2013-01-24 1 XIAOYAN LUO P01305207 6123764500 2011 2016-02-25 16:41:14Z JENNIFER GERAGHTY 1800 SECOND STREET NORTHEAST MINNEAPOLIS MN 55418 4213498 0 X WWW.NEWVISIONSACADEMY.COM X 1994 MN TO EDUCATE THE WHOLE CHILD THROUGH LANGUAGE ARTS, TECHNOLOGY, SCIENCE AND MATH. 5 2 32 10 0 0 4272914 4123965 38484 8049 257 584 57452 80900 4369107 4213498 0 0 0 0 2144159 2373544 0 0 0 1911657 1733227 4055816 4106771 313291 106727 1613459 1786879 1207163 1269298 406296 517581 X TO EDUCATE THE WHOLE CHILD THROUGH LANGUAGE ARTS, TECHNOLOGY, SCIENCE AND MATH. 0 0 3659179 0 8049 NEW VISIONS ACADEMY IS A PRE K-8 GRADE CHARTER SCHOOL LOCATED IN NORTHEAST MINNEAPOLIS. THE ORGANIZATION'S 210 STUDENTS REFLECT THE DIVERSITY OF THE GREATER TWIN CITIES METROPOLITAN AREA. SINCE 1994, OUR TEACHERS HAVE PROVIDED STUDENTS WITH AN ACADEMIC AND SOCIAL FOUNDATION AND HAVE BEEN CHANGING LIVES BY THE INTEGRATION OF SOCIAL SKILLS, FAMILY INVOLVEMENT AND ACADEMICS.FROM OUR ALL DAY FREE KINDERGARTEN PROGRAM THROUGH EIGHTH GRADE, NEW VISIONS EDUCATES THE WHOLE CHILD THROUGH LANGUAGE ARTS, TECHNOLOGY, SCIENCE AND MATH. AS STUDENTS GROW AND DEVELOP THEY ARE NOT ONLY ENCOURAGED TO MAXIMIZE THEIR POTENTIAL AS A STUDENT BUT TO FORM LASTING FRIENDSHIPS AS THEY WORK COOPERATIVELY IN THEIR CLASSROOMS, PARTICIPATE TOGETHER IN SCHOOL ACTIVITIES AND ENGAGE IN COMMUNITY SERVICE PROJECTS.WE PROVIDE PROGRAMMING IN TITLE I, ESL, SPECIAL EDUCATION, EXTENDED DAY AND SUMMER ENRICHMENT CLASSES. MOST IMPORTANTLY, WE PROVIDE A SCHOOL CLIMATE WHERE BOTH ACADEMIC ACHIEVEMENT AND A CARING COMMUNITY ARE VALUED. 3659179 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 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 1 13 0 32 1 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X JOANNA KOENIG 6127065566 1800 SECOND STREET NORTHEAST MINNEAPOLIS MN 55418 ANN MARIE DEGROOT 1.00 X X 0 0 0 KIT MURLEY 40.00 X X 45413 0 5065 JULIE BROWN 40.00 X X 51793 0 4880 VIRGINIA ANDERSON 40.00 X 50994 0 9518 JENNIFER ROWDON 1.00 X 0 0 0 JENNIFER GERAGHTY 40.00 X 114312 0 9907 262512 0 29370 1 0 0 0 MONARCH BUS SERVICE 1743 WEST COUNTY ROAD C ROSEVILLE MN 55113 BUS SERVICE 315800 A CHANCE TO GROW 1800 SECOND STREET NE MINNEAPOLIS MN 55418 CONSULTING SERVICES 168189 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 109334 3 4122230 1735 4123965 FOOD SERVICE 611110 8049 8049 8049 204 204 380 0 380 380 380 OTHER REVENUE 900099 80900 80900 80900 4213498 0 0 89533 310510 211741 98769 60297 60297 1599098 1586778 12320 108659 107187 1472 158516 136104 22412 136464 129120 7344 56658 56658 102959 102959 381739 326711 55028 158768 136410 22358 8378 4400 3978 445671 431336 14335 315734 315734 10509 2072 8437 58240 58240 58167 54655 3512 20143 20143 REPAIRS AND MAINTENANCE 87624 87624 DUES AND SUBSCRIPTIONS 20373 2742 17631 SPECIAL EDUCATION 5781 5781 EQUIPMENT 2247 2247 236 236 4106771 3659179 447592 0 141748 85604 1117934 1408579 24717 17245 1312678 1037227 329060 275451 1613459 1786879 313517 395608 235158 0 440513 814187 217975 59503 1207163 1269298 X 77236 242130 329060 275451 0 0 406296 517581 1613459 1786879 X 106727 4558 X X 0 1 1 X 1 1 X 364280 200315 163965 948398 836912 111486 275451 DUE TO RELATED PARTIES 59503 59503 4213498 4106771 106727 4558 4558 111285 4213118 0 4213118 380 380 4213498 4048604 0 4048604 58167 58167 4106771 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3). THE ACADEMY IS SUBJECT 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, ACCOUNTINGFOR UNCERTAINTY IN INCOME TAXES), WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. 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 ACADEMY HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE STATE JURISDICTION WHERE IT OPERATES. THE ACADEMY BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ACADEMY'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE ACADEMY HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN PERIODS. THE ACADEMY'S OPEN PERIODS ARE YEARS ENDED JUNE 30, 2009, 2010, AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: CAPITALIZED EXPENDITURES 4,558. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROCEEDS FROM THE SALE OF EQUIPMENT 380. PART XIII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 58,167. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL DID NOT ADVERTISE DURING THE SOLICITATION PERIOD FOR FY12; HOWEVER, THE NONDISCRIMINATORY POLICIY IS MADE AVAILABLE IN BROCHURES AND HANDBOOKS. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 NO SCHOLARSHIPS AWARDED; TUITION FREE PROGRAM. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. JENNIFER ROSENKETTER FORMER BOARD MEMBER/CURRENT EMPLOYEE 60297 EMPLOYMENT COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY A MAJORITY VOTE OF ALL ELIGIBLE VOTERS. ELIGIBLE VOTERS INCLUDE ALL STAFF MEMBERS/TEACHERS EMPLOYED BY THE SCHOOL AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND MEMBERS OF EACH COMMITTEE WITH BOARD-DELEGATED POWERS. EACH COVERED INDIVIDUAL SHALL COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY ANNUAL STATEMENT AT THE TIME OF HIS OR HER INITIAL ELECTION OR APPOINTMENT AND ANNUALLY THEREAFTER. A VIOLATION OF THE SCHOOL'S POLICY RENDERS A CONTRACT VOIDABLE AT THE OPTION OF THE COMMISSIONER OR THE CHARTER SCHOOL BOARD OF DIRECTORS. A MEMBER OF THE SCHOOL'S BOARD OF DIRECTORS WHO VIOLATES THIS PROHIBITION IS INDIVIDUALLY LIABLE TO THE CHARTER SCHOOL FOR ANY DAMAGE CAUSED BY THE VIOLATION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER FINANCIAL INTEREST TO THE DIRECTORS OR 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, THE INTERESTED PERSON MUST LEAVE THE BOARD (OR COMMITTEE) MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD (OR COMMITTEE) MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE MEETING MINUTES SHALL DOCUMENT THE NAMES OF THE PERSONS WHO DISCLOSED A RELATIONSHIP OR OTHERWISE WERE FOUND TO HAVE A CONFLICT, THE NATURE OF THE RELATIONSHIP, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT AND THE BOARD'S (OR COMMITTEE'S) DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, BTHE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSIONS, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE SCHOOL PRINCIPAL, J. GERAGHTY INCLUDED AN APPROVAL BY THE BOARD. THE SALARY WAS DETERMINED ON A BASIS CONSISTENT WITH THE PRIOR YEAR'S SALARY AND WITHIN THE LIMITATIONS OF THE BUDGET. THE SCHOOL'S 2012 FISCAL YEAR BUDGET INCLUDED RESEARCH DATA WITH COMPENSATION INFORMATION FOR PRINCIPALS IN COMPARABLE SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 NEW VISIONS ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CAPITALIZED EXPENDITURES 4,558. TOTAL TO FORM 990, PART XI, LINE 5: 4,558. EXPLANATION OF METHOD OF ACCOUNTING FORM 990, PART XI, LINE 1 THE ORGANIZATION 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.