2024-05-01T09:43:09-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 411968867 EXCELL ACADEMY FOR HIGHER LEARNING INC EXCE 7635330500 5800 65TH AVEUNE NORTH BROOKLYN PARK MN 55429 SABRINA WILLIAMS EXECUTIVE DIRECTOR 7635330500 2024-04-24 1 SABRINA WILLIAMS 999009999 1 BRIAN ARONSON CPA P01425251 5157275700 2024-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SABRINA WILLIAMS 5800 65TH AVEUNE NORTH BROOKLYN PARK MN 55429 10009729 0 X WWW.EXCELLACADEMY.DREAMHOSTERS.COM/ X 2000 MN OPERATION OF CHARTER SCHOOL IN BROOKLYN PARK, MINNESOTA. 6 5 153 72 0 0 8512151 9582588 217399 257826 0 0 26199 169315 8755749 10009729 0 0 0 0 5477758 6274793 0 0 0 3425655 3820154 8903413 10094947 -147664 -85218 3930885 4425733 6582396 6635095 -2651511 -2209362 X THE MISSION OF EXCELL ACADEMY FOR HIGHER LEARNING IS TO EQUIP AND PREPARE ITS LEARNERS FOR HIGHER EDUCATION AND TO BE POSITIVE PRODUCTIVE CITIZENS. EXCELL ACADEMY WILL ACHIEVE ITS MISSION BY IDENTIFYING, NURTURING, AND DEVELOPING ITS LEARNERS' ACADEMIC GIFTS, TALENTS AND CREATIVITY. WITH THE BELIEF THAT EVERY STUDENT IS CAPABLE OF PURSUING ACHIEVEMENT AT A HIGHER LEVEL, EXCELL ACADEMY OFFERS EXCEPTIONAL LEARNING EXPERIENCES AND QUALITY CURRICULA TO FOSTER THE LEARNERS' FULLEST POTENTIAL. 0 0 9071695 420641 EXCELL ACADEMY FOR GRADES K-8. THE SCHOOL WAS DEVELOPED WITH ALL STUDENTS, ACHIEVEMENT LEVELS, EDUCATIONAL BACKGROUNDS AND NATIONALITIES, IN MIND. THE SCHOOL IS DEDICATED TO PROVIDING AN ACADEMICALLY CHALLENGING EDUCATIONAL EXPERIENCE FOR CHILDREN WHO HAVE HISTORICALLY BEEN EXCLUDED FROM THE OPPORTUNITY. ENROLLMENT WAS 426 FOR FISCAL YEAR 2023.EXCELL ACADEMY WAS THE RECEIPIENT OF THE PATHWAY II SCHOLARSHIP PROGRAM IN FY23 AND WAS ABLE TO CONTINUE DEVELOPING A KINDERGARTEN READINESS PROGRAM TO HELP YOUNG STUDENTS PREPARE FOR ENTERING GRADES K-8. THIS PROGRAM IS BEING RUN IN THE COMMUNITY SERVICES FUND OF THE ACADEMY ALONG WITH BEFORE AND AFTER CARE FOR STUDENTS AS WELL AS EMPLOYEE DAYCARE FOR STAFF MEMBERS CHILDREN. 9071695 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 38 0 1 153 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 MN X CLIFTON LARSON ALLEN 6123764500 220 SOUTH SIXTH STREET SUITE 300 MINNEAPLIS MN 554021436 X EDNA GRANGER BOARD CHAIR 3.00 X X 0 0 0 OLIVER SPRAGGINS VICE CHAIR 3.00 X X 0 0 0 CASEY MORRISSETTE TREASURER 3.00 X X 0 0 0 MONICA MCGILL SECRETARY 3.00 X X 0 0 0 TREVVA EVANS MEMBER 3.00 X 0 0 0 KULA GIDDINGS MEMBER/TEACHER 42.00 X 57863 0 12716 SABRINA WILLIAMS EXECUTIVE DIRECTOR 45.00 X 146155 0 32524 204018 0 45240 1 0 1 0 CKC GOOD FOOD PO BOX 431419 MINNEAPOLIS MN 55443 FOOD SERVICE 402956 NORTH STAR BUS LINES 11800 95TH AVENUE NORTH MAPLE GROVE MN 55369 TRANSPORTATION SERVICES 397439 QUALITY CARE TRANSPORTATION INC 3430 KILMER LN N MINNEAPOLIS MN 55441 TRANSPORTATION SERVICES 331436 3 9574977 7611 9582588 FEES FROM PATRONS 611710 236971 236971 MEDICAL ASSISTANCE 611710 19008 19008 FOOD SERVICE REVENUE 611710 1847 1847 257826 6500 0 6500 6500 6500 MISCELLANEOUS REVENUE 900099 162815 162815 162815 10009729 420641 0 6500 X 233755 73370 160385 4855126 4646262 208864 416297 390479 25818 375701 314432 61269 393914 348608 45306 7698 7698 134877 134877 1770920 1612646 158274 126663 68672 57991 153230 41043 112187 956597 956597 139158 136940 2218 123184 116374 6810 26477 26477 REPAIRS AND MAINTENANCE 167630 167630 SUPPLIES 147984 147984 DUES & MEMBERSHIPS 44451 2896 41555 EQUIPMENT 14540 14540 6745 6745 10094947 9071695 1023252 0 X 156658 500578 0 675035 971070 0 49938 2818 1588547 1071960 643796 516587 2109423 2730715 3930885 4425733 334728 425304 6247668 6209791 6582396 6635095 X -3295307 -2725948 643796 516586 0 0 -2651511 -2209362 3930885 4425733 X -85218 -4025 531392 X 0 1 X 1 1 1 X 1319643 933412 386231 268904 138548 130356 516587 DEFERRED PENSION OUTFLOWS 2424645 DUE FROM BUILDING COMPANY 306070 2730715 COMPENSATED ABSENCES 120991 DEFERRED PENSION INFLOWS 6078704 DUE TO OTHER FUNDS 10096 6209791 X PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS POSTED AT THE SCHOOL, AND IS LISTED IN THE ENROLLMENT APPLICATION, BROCHURE, AND ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 SABRINA WILLIAMS EXECUTIVE DIRECTOR 146155 0 0 0 0 0 13170 0 19354 0 178679 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERSHIP CONSISTS OF ENROLLEE MEMBERS, EMPLOYEE MEMBERS, AND COMMUNITY MEMBERS. ENROLLMENT OF A CHILD IN THE SCHOOL QUALIFIES THE PARENT(S) LEGAL GUARDIAN(S) AS ENROLLEE MEMEBRS. PAID EMPLOYMENT BY THE SCHOOL QUALIFIES THE EMPLOYEE AS AN EMPLOYEE MEMBER. SERVICE OF FIFTEEN HOURS OF VOLUNTEER WORK FOR THE SCHOOL QUALIFIES AN INDIVIDUAL AS A COMMUNITY MEMBER. ALL MEMBERS HAVE EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S MEMBERS ARE ELIGIBLE TO VOTE TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE SCHOOL'S GOVERNING DOCUMENTS MUST BE APPROVED BY A MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE COMMITTEES THAT HAVE THE AUTHORITY ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL DIRECTOR REVIEWED THE FORM 990 WITH A CONTRACTED ACCOUNTANT AND THE INDEPENDENT AUDITOR. THIS PROCESS WAS CONDUCTED PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS COMPLETE A FULL DISCLOSURE WHICH INCLUDES THE MEMBER, SPOUSE, AND CLOSE RELATIVES TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. CONFLICTS OF INTEREST ARE REVIEWED AND DETERMINED BY REMAINING BOARD MEMBERS NOT IN CONFLICT. INDIVIDUALS WITH POTENTIAL OR ACTUAL CONFLICTS OF INTEREST DO NO VOTE ON THAT MATTER. ALL PROCEEDINGS RELATED TO CONFLCITS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE SCHOOL DIRECTOR AND ALL OTHER EMPLOYEES, THE SCHOOL'S BOARD OF DIRECTORS REVIEWS THE COMPENSATION LEVELS OF COMPARABLE POSITIONS WITHIN THE COMMUNITY AS WELL AS REVIEWING EXPERIENCE LEVEL AND SCHOOL SIZE FOR THE SCHOOL DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. KULA GIDDINGS IS A BOARD MEMBER AND RECEIVED COMPENSATION FOR SERVICES AS A TEACHER. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 408,251. MANAGEMENT AND GENERAL EXPENSES 158,274. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 566,525. TRANSPORTATION: PROGRAM SERVICE EXPENSES 775,737. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 775,737. FOOD SERVICE EXPENSES: PROGRAM SERVICE EXPENSES 428,658. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 428,658. FORM 990, PART X, LINE 25: PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES. FORM 990, PART XI, LINE 9: GASB 68 - PENSION ADJUSTMENT 531,392. FRIENDS OF EXCELL ACADEMY 6510 ZANE AVE NO BROOKLYN PARK MN 55429 113822685 BUILDING COMPANY MN 501(C)(3) LINE 12A, I EXCELL ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 FRIENDS OF EXCELL ACADEMY K 811750 LEASE AGREEMENT FRIENDS OF EXCELL ACADEMY D 306070 YEAR-END BALANCE