2024-05-13T00:56:43-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 421625836 NEW MILLENNIUM ACADEMY NEWM 6123776260 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 THOMAS THAO EXECUTIVE DIRECTOR 6123776260 2024-05-10 1 THOMAS THAO 999009999 0 BRENT L ALEXANDER CPA P00075113 5157275700 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS THAO 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 14101064 0 X WWW.NEWMILLENIUMACADEMY.ORG X 2004 MN DEVELOPING GLOBAL LEADERS WHO TRANSFORM THE WORLD. 6 4 241 100 0 0 14040081 13872715 109453 172157 864 48639 40452 1438 14190850 14094949 0 0 0 0 9367264 8889300 0 0 0 5350369 5240741 14717633 14130041 -526783 -35092 10314612 10768345 10390845 10629432 -76233 138913 THE NEW MILLENNIUM ACADEMY (NMA) COMMUNITY PREPARES LEARNERS FOR LIFE, ENGAGES THEM IN HIGH ACADEMIC ACHIEVEMENT, AND FOSTERS HMONG CULTURAL PRIDE AND IDENTITY. 0 0 12159956 172157 NMA PROVIDED PUBLIC SCHOOL ACADEMIC SERVICES TO AN AVERAGE OF 822 STUDENTS IN GRADES K-8 DURING THE 2022-2023 SCHOOL YEAR. SEVENTY-FOUR PERCENT OF THESE STUDENTS CAME FROM LOW INCOME FAMILIES (QUALIFIED FOR FREE/REDUCED LUNCH). IN ADDITION, MANY QUALIFIED FOR EL SERVICES. THESE FACTORS GENERATE EXTRA FUNDING FROM THE STATE BUT ALSO GENERATE VARIOUS CHALLENGES. 12159956 1 1 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 43 0 1 241 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X JANIE YANG SECRETARY/TEACHER 44.00 0.00 X X 68001 0 13205 ROSIE CHANG MEMBER/TEACHER 44.00 0.00 X 53111 0 4483 HLIS NELSON MEMBER 4.00 0.00 X 0 0 0 AMY SCHWARTZ VICE CHAIR 4.00 0.00 X X 0 0 0 CHONBURI LEE TREASURER 4.00 0.00 X X 0 0 0 KER VANG MEMBER 4.00 0.00 X 0 0 0 KEVIN XIONG EXECUTIVE DIRECTOR (END APRIL 2023) 44.00 0.00 X 161600 0 23325 MAI KA YANG OPERATIONS DIR/CO-INT EXEC DIR(BEG MAR 2023) 44.00 1.00 X 106000 0 16370 HLI XYOOJ CO-INTERIM EXECUTIVE DIR (BEG MAR 2023) 44.00 0.00 X 90853 0 15500 THOMAS THAO PRINCIPAL 44.00 0.00 X 117880 0 15666 597445 0 88549 3 0 1 0 CARAVAN KIDS CATERING PO BOX 431419 MINNEAPOLIS MN 55443 FOOD SERVICE 630621 NORTHSTAR BUS LINES 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 351875 DR MAI MOUA CONSULTING INC 3673 LEXINGTON AVE N SUITE H-2307 ARDEN HILLS MN 55126 STUDENT SUPPORT SERVICES 142500 MOTHER AND SON LLC 2574 HAZELWOOD ST N MAPLEWOOD MN 55109 TRANSPORTATION 136160 BERGANKDV OUTSOURCED SERVICES 220 PARK AVE S PO BOX 1304 ST CLOUD MN 56301 ACCOUNTING SERVICES 104365 5 13614672 258043 13872715 TRANSPORTATION 611710 144396 144396 MEDICAL ASSISTANCE 611710 10283 10283 FOOD SALES 611710 8801 8801 FEES FROM PATRONS 611710 8677 8677 172157 39690 39690 2550 0 2550 2550 2550 8949 0 8949 8949 8949 5003 6115 -1112 -1112 14094949 172157 0 50077 X 542447 144294 398153 6538819 5769522 769297 521735 464050 57685 769970 562464 207506 516329 434455 81874 13203 13203 150105 150105 2483436 2347256 136180 184522 117393 67129 213068 164509 48559 1374214 1374214 114732 114052 680 23373 23373 254115 251036 3079 68241 68241 EQUIP RENTAL & MAINT 154975 154975 INSTRUCTIONAL SUPPLIES 139619 139619 DUES & MEMBERSHIPS 50564 13929 36635 FIELD TRIPS 15391 15391 1183 1183 14130041 12159956 1970085 0 X 246745 2024176 2243057 1512980 2986644 1998655 133395 85342 1732586 826413 1048908 906173 3655863 4241019 10314612 10768345 984776 920502 130154 93307 9312762 9578776 10390845 10629432 X -1121596 -780108 1045363 919021 0 0 -76233 138913 10314612 10768345 X -35092 250238 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 275098 69731 205367 1457488 756682 700806 906173 DUE FROM NEW MILLENNIUM BUILDING COMPANY 74593 DEFERRED OUTFLOWS - PENSION 3768195 RIGHT OF USE ASSETS 398231 4241019 NET PENSION LIABILITY 7943614 DEFERRED INFLOWS - PENSION 1012110 RIGHT OF USE LIABILITIES 385383 COMPENSATED ABSENCES 237669 9578776 X PART X, LINE 2: THE ACADEMY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE ACADEMY, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ACADEMY ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ACADEMY ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ACADEMY IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ACADEMY WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ACADEMY IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. 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 CONTAINED IN THE SCHOOL'S REGISTRATION AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 KEVIN XIONG EXECUTIVE DIRECTOR (END APRIL 2023) 161600 0 0 0 0 0 13649 0 9676 0 184925 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A TO THE EXTENT REQUIRED BY APPLICABLE LAW, STAFF MEMBERS WHO ARE EMPLOYED BY THE CORPORATION AT THE TIME OF THE ELECTION, INCLUDING TEACHERS, EXISTING DIRECTORS OF THE CORPORATION, AND PARENTS/LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE SCHOOL AT THE TIME OF THE ELECTION, MAY PARTICIPATE IN THE ANNUAL ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER CORRECTIONS (IF ANY) ARE MADE TO THE DRAFT FORM 990 BY THE EXECUTIVE DIRECTOR AND/OR BUSINESS MANAGER, A PUBLIC DISCLOSURE COPY WILL BE EMAILED TO EACH BOARD MEMBER FOR THEIR REVIEW AND FEEDBACK. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE AND SUBMIT CONFLICT OF INTEREST DISCLOSURES ANNUALLY. BOARD MEMBERS ARE REMINDED PERIODICALLY OF CONFLICT OF INTEREST OBLIGATIONS, INCLUDING THE REQUIREMENT TO RECUSE FROM DISCUSSION AND VOTE ON ANY ITEM THAT WOULD FALL INTO THE CONFLICT OF INTEREST CATEGORY. CONFLICT OF INTEREST DETERMINATIONS ARE MADE BY THE EXECUTIVE DIRECTOR AND SCHOOL AUTHORIZER. IF THERE WOULD BE SCHOOL BOARD DELIBERATIONS/DECISIONS INVOLVING A PERSON WITH A CONFLICT OF INTEREST, THEY WOULD DOCUMENT THE CONFLICT, AND EXCUSE THEMSELVES FROM DISCUSSION AND VOTING ON THESE MATTERS. ALL PROCEEDINGS RELATED TO THE CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 A MARKET ANALYSIS ON A THREE-YEAR CYCLE IS USED TO DETERMINE THE COMPENSATION FOR THE ADMINISTRATORS, AND ALL OTHER EMPLOYEES OF THE SCHOOL AS PART OF THE ANNUAL BUDGETING PROCESS CONDUCTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. ROSIE CHANG AND JANIE YANG ARE BOARD MEMBERS BUT RECEIVE COMPENSATION FOR THEIR SERVICES AS TEACHERS. FORM 990, PART IX, LINE 11G MISC CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 559,968. MANAGEMENT AND GENERAL EXPENSES 136,180. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 696,148. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 963,838. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 963,838. FOOD SERVICE: PROGRAM SERVICE EXPENSES 823,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 823,450. 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: PENSION EXPENSE RELATING TO NET PENSION LIABILITES 257,473. FUDUCIARY FUND ADJUSTMENT -7,235. NMA TRANSPORTATIONS LLC 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 883870678 TRANSPORTATION SERVICES MN 195844 152370 NEW MILLENNIUM ACADEMY NEW MILLENNIUM BUILDING COMPANY 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 815179098 RENT SCHOOLHOUSE MN 501(C)(3) LINE 12A, I NEW MILLENNIUM ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 NEW MILLENNIUM BUILDING COMPANY D 74593 CASH BALANCE NEW MILLENNIUM BUILDING COMPANY K 1262875 LEASE AGREEMENT