2012-03-08T13:27:38-06:00 2011-06-30 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2010-07-01 201775622 SPCPA Building Company SPCP 6512902225 75 West 5th Street No 522 St Paul MN 55102 Callie Jacobs 6512902225 2012-03-04 1 Thomas A Karnowski 9525450424 2012-03-04 2010 2016-02-24 21:20:13Z Callie Jacobs 75 West 5th Street No 522 St Paul MN 55102 875471 0 X spcpa.org X 2004 MN To purchase real estate to lease to St. Paul Conservatory for Performing Artists, a MN Charter School 4 3 0 0 0 0 10000 0 815515 875471 0 0 0 0 825515 875471 0 0 0 0 0 0 0 0 0 1140776 880108 1140776 880108 -315261 -4637 494859 476417 311260 297455 183599 178962 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 867903 875471 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 507 students. 867903 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 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 Callie Jacobs 0.50 X X 0 88599 0 Larry King 0.50 X 0 0 0 Clint Allen 0.50 X 0 0 0 Gabrielle Bliss 0.50 X 0 0 0 0 88599 0 0 0 0 0 0 Rent Revenue 900099 875471 875471 875471 875471 875471 0 0 4550 4550 4875 4875 6492 4923 1569 624344 624344 17320 17320 222527 221316 1211 880108 867903 12205 0 16765 89448 2361339 1974370 478094 386969 494859 476417 1343 949 77592 309917 218914 311260 297455 X 15422 10907 168177 168055 0 0 183599 178962 494859 476417 -4637 0 X X 0 1 1 X 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 2349552 1965134 384418 11787 9236 2551 386969 875471 880108 -4637 0 -4637 4885200 4885200 4885200 0 875471 875471 875471 4566421 4561784 4561784 4637 875471 875471 880108 Description of Uncertain Tax Positions Under FIN 48: Part X: The Building Company is exempt from income taxes under Internal Revenue Service Code 501(c)(3). The Building Company is subject to a tax on income from any unrelated business. On July 1, 2009, the Building Company adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for 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 Building Company has analyzed tax positions taken for filing with the Internal Revenue Service and the state jurisdiction where they operate. The Building Company believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on the Building Company's financial condition, results of operations, or cash flows. Accordingly, the Building Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2011. Part XII, Line 2d - Other Adjustments: Revenue reported by related party - St. Paul Conservatory for Performing Art 4,885,200. Part XII, Line 4b - Other Adjustments: Rent from related party 875,471. Part XIII, Line 2d - Other Adjustments: Expense reported by related party - St. Paul Conservatory for Performing Art 4,561,784. Part XIII, Line 4b - Other Adjustments: Rent from related party 875,471. Form 990, Part VI, Section B, line 11 990 is reviewed by Board prior to submission of return. Form 990, Part VI, Section B, line 12c All Directors are required to annually 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. 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. Form 990, Part VII, column B There were three individuals listed on Part VII that also served on the board for a related party, the St. Paul Conservatory for preforming artists. The individuals and the hours per week worked are Clint Allen (.5 hours), Gabrielle Bliss (.5 hours), and Callie Jacobs (40 hours). 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 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 I 875471 Lease Agreement