2026-02-13T15:38:02-06:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-07-01 223971809 FRIENDS OF BEACON FRIE 7635469999 3415 LOUISIANA AVE N CRYSTAL MN 55427 JULIE WAHL CO-PRESIDENT 7635469999 2026-02-12 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2026-02-12 2024 2025-03-06 01:10:19Z CHELSEA SOBRASKE 3415 LOUISIANA AVE N CRYSTAL MN 55427 1210081 0 X WWW.BEACONACADEMY.COM X 2016 MN TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. 3 3 0 3 0 0 0 0 1111988 1113388 71540 66805 43281 29888 1226809 1210081 0 0 0 0 0 0 0 0 0 1322973 1190170 1322973 1190170 -96164 19911 13434869 13173422 15378100 15096742 -1943231 -1923320 TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. 0 0 1190170 0 1113388 TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. THE COMPANY ISSUED TAX EXEMPT DEBT IN 2018 FOR ACQUISITION AND RENOVATION OF THE CURRENT SCHOOL SITE. 1190170 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 X 3 3 0 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 MN X CHELSEA SOBRASKE 7635469999 3415 LOUISIANA AVE N CRYSTAL MN 55427 ANN MARIE RODER PRESIDENT 1.00 X X 0 0 0 CHELSEA SOBRASKE TREASURER 1.00 X X 0 0 0 ELDRED BACH SECRETARY 1.00 X X 0 0 0 MICHAEL REEDER PRINCIPAL 1.00 40.00 X 0 102414 11298 0 102414 11298 0 0 0 0 0 CHARTER SCHOOL RENTAL 532000 1113388 1113388 1113388 66805 66805 29888 29888 29888 1210081 1113388 0 96693 711933 711933 390323 390323 REPAIRS & MAINTENANCE 87914 87914 1190170 1190170 0 0 1951888 2080764 14223596 3130938 11482981 11092658 13434869 13173422 154104 201751 14860127 14537922 363869 357069 15378100 15096742 X -363869 -357069 -3377146 -3445264 1797784 1879013 -1943231 -1923320 13434869 13173422 19911 0 X X 0 1 X 0 0 X X X 1 BEACON ACADEMY 200158631 2 1 76782 0 1 76782 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, SECTION C. TYPE II - LINE 1 FRIENDS OF BEACON'S SUPPORTED ORGANIZATION DOES NOT HAVE BOARD CROSSOVER WITH BEACON ACADEMY (20-0158631). THE PRINCIPAL OF BEACON ACADEMY HAS AN EX-OFFICIO ROLE ON THE BOARD AND ACTIVELY TAKES PART IN DISCUSSIONS AND OFFERS INSIGHTS BASED ON MY RESPONSIBILITIES OVERSEEING BUILDING PROCESSES. THE FRIENDS OF BEACON'S ONLY ASSET AND LIABILITY IS RELATED TO THE BUILDING WHICH BEACON ACADEMY UTILIZES FOR ALL THEIR PROGRAMS AND THERE IS THEREFORE A CLOSE OPERATING CONNECTION BETWEEN THE TWO ENTITIES. 2520561 2520561 11698591 3126494 8572097 4444 4444 0 11092658 ACCRUED INTEREST PAYABLE 357069 357069 1210081 0 1210081 0 1210081 1128852 329005 329005 799847 390323 390323 1190170 PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ACCRUED INTEREST 6,800. REPAYMENT OF BOND PRINCIPAL 320,000. AMORTIZED BOND PREMIUM 2,205. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 390,323. A CITY OF INDEPENDENCE MINNESOTA 410958873 45362RAE7 2016-07-27 16013353 PURCHASE AND BUILD SCHOOL 0 0 0 A 1850000 16013353 1024512 319491 14669350 2017 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: DATE THE REBATE COMPUTATION WAS PERFORMED: 01/27/2022 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER OF THE CORPORATION IS BEACON ACADEMY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER SHALL HAVE ONE HUNDRED PERCENT OF THE MEMBER VOTING POWER. THE MEMBER MAY FILL VACANCIES OCCURRING ON THE BOARD BY APPOINTMENT PROVIDED THAT APPOINTMENT SHALL BE A PERSON FROM THE SAME CATEGORY OF MEMBERSHIP AS THE PERSON BEING REPLACED. THE MEMBER MAY REMOVE ANY DIRECTOR FROM OFFICE WITH OR WITHOUT CAUSE; THE MEMBER SHALL APPOINT A NEW DIRECTOR TO REPLACE THE DIRECTOR BEING REMOVED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S MANAGEMENT. THE REVIEWED DRAFT OF THE FORM 990 IS THEN SENT TO THE BOARD FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. FORM 990, PART XII, 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. BEACON ACADEMY 3415 LOUISIANA AVE N CRYSTAL MN 55427 200158631 EDUCATION MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0