2025-01-14T09:06:02-06:00 2024-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2023-07-01 870790480 NOBLE ACADEMY NOBL 7635927706 9477 DECATUR DR N BROOKLYN PARK MN 55445 MAI YIA CHANG SUPERINTENDENT 7635927706 2025-01-13 1 1 SHELLEY M GAETZ P00066049 3202510286 2025-01-13 2023 2024-10-15 13:58:12Z MAI YIA CHANG 9477 DECATUR DR N BROOKLYN PARK MN 55445 10425418 0 X WWW.NOBLEACADEMY.US X 2005 MN TO PROVIDE QUALITY, RELEVANT AND MULTICULTURAL EDUCATION FOR ALL STUDENTS WHICH MEETS THE INTELLECTUAL, CREATIVE, AND SOCIAL NEEDS OF EACH CHILD. 9 6 69 25 0 0 9799367 9919415 57722 49436 156837 456567 0 0 10013926 10425418 0 0 0 0 2262175 2921932 0 0 0 5501419 6277729 7763594 9199661 2250332 1225757 17119957 17155141 5909360 4718787 11210597 12436354 TO PROVIDE QUALITY, RELEVANT AND MULTICULTURAL EDUCATION FOR ALL STUDENTS WHICH MEETS THE INTELLECTUAL, CREATIVE, AND SOCIAL NEEDS OF EACH CHILD. 0 0 7795112 49436 NOBLE ACADEMY PROVIDED A HIGH QUALITY EDUCATION TO STUDENTS GRADES K-9 DURING THE FISCAL YEAR ENDED 6/30/24. SCHOOL HAS MAINTAINED FINANCIAL STABILITY THROUGH USE OF ADDITIONAL GRANTS WHILE ENROLLMENT DECLINED COMPARED TO PRIOR YEAR. 7795112 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 14 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X CLIFTONLARSONALLEN 6123764688 220 SOUTH 6TH ST UNIT 300 MINNEAPOLIS MN 55402 MAI YIA CHANG SUPERINTENDENT - EX OFFICI 40.00 X 239342 0 44916 CHAI VANG CHAIR 40.00 X X 77676 0 18234 LU DE VANG SECRETARY 40.00 X X 57097 0 15036 PHENG VUE VICE CHAIR 1.00 X X 0 0 0 MAI BLIA FORTIN TREASURER 1.00 X X 0 0 0 LARNIX MOUA MEMBER 1.00 X 0 0 0 ONG YANG MEMBER 1.00 X 0 0 0 KIA YANG MEMBER 1.00 X 0 0 0 THONG THAO MEMBER 1.00 X 0 0 0 374115 0 78186 1 0 1 0 EXCELLENCE IN EDUCATION 9837 LINDEN AVE N BROOKLYN PARK MN 55443 CHARTER MANAGEMENT ORGANIZATION 969436 NORTHSTAR BUS LINES 11800 95TH AVE N MAPLE GROVE MN 55369 STUDENT TRANSPORTATION 779602 SOUTHWEST FOODSERVICE EXCELLENCE LLC PO BOX 29338 PHOENIX AZ 85038 FOOD SERVICE 406510 3 9919415 9919415 OTHER PROGRAM REVENUE 611710 43736 43736 CHARGES FOR SERVICES 611710 5700 5700 49436 456567 456567 10425418 49436 0 456567 X 497150 169058 328092 2467575 2206856 260719 -635220 -439777 -195443 419665 264386 155279 172762 139368 33394 11922 11922 147895 147895 1414672 1404781 9891 145180 145180 1742232 1537005 205227 1093587 1093200 387 279727 254074 25653 47387 47387 FOOD / MILK 535500 534758 742 NON-INSTRUCTIONAL SUPPL 417792 250938 166854 INSTRUCTIONAL SUPPLIES 335584 335584 GRANT EXPENSE 44121 44121 62130 760 61370 9199661 7795112 1404549 0 46503 11197899 12347535 1287539 425697 324058 230242 4263998 2875256 1103185 1388742 3160773 2762925 17119957 17155141 350863 390257 54000 31737 5504497 4296793 5909360 4718787 X 9599411 10227621 1103185 1388742 508001 819991 11210597 12436354 17119957 17155141 1225757 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1020272 325847 694425 3243726 2549409 694317 1388742 DEFERRED OUTFLOWS OF RESOURCES - PENSIONS 880976 AMOUNTS OWED FROM BUILDING COMPANIES 1881949 2762925 NET PENSION LIABILITY 2670150 DEFERRED INFLOWS OF RESOURCES - PENSIONS 1626643 4296793 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 INFORMATION PERTAINING TO THE SCHOOL'S NONDISCRIMINATORY POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 IN MINNESOTA, CHARTER SCHOOLS ARE CONSIDERED PUBLIC SCHOOLS AND, AS SUCH, RECEIVE GENERAL EDUCATION AND SPECIAL EDUCATION AIDS IN ACCORDANCE WITH MINNESOTA DEPARTMENT OF EDUCATION FUNDING FORMULAS. THE SCHOOL ALSO RECEIVES PASS THROUGH FUNDING THROUGH THE MINNESOTA DEPARTMENT OF EDUCATION. X 0 0 0 0 0 0 0 0 0 MAI YIA CHANG SUPERINTENDENT - EX OFFICI 239342 0 0 0 0 0 0 0 44916 0 284258 0 0 0 PART I, LINE 3 THE BOARD APPROVES ALL SALARIES, AND IS ESTABLISHED BY MARKET RATE REVIEW. FORM 990, PART VI, SECTION A, LINE 6 ALL STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS OF CHILDREN ENROLLED IN THE SCHOOL ARE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE BOARD MEMBER ELECTION. EACH FAMILY OF AN ENROLLED STUDENT WILL GET A MAXIMUM OF TWO VOTES. THOSE VOTES WILL BE CAST BY THE PARENTS OR LEGAL GAURDIANS OF THE STUDENT ONLY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE AND APPROVED BY THE BOARD PRIOR TO SUBMISION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS ON A REGULAR BASIS. ANY CONFLICT OF INTEREST ISSUES, IN APPEARANCE OR FACT, ARE THOROUGHLY REVIEWED PRIOR TO ANY FORMAL DECISION BEING MADE ON THE COURSE OF ACTION DETERMINED BY THE COMMISSIONER OF EDUCATION. INTERESTED PERSONS ARE PROHIBITED FROM SERVING AS A MEMBER OF THE SCHOOL'S BOARD OF DIRECTORS IF ALSO AS AN EMPLOYEE OR AGENT OF (DIRECTLY OR INDIRECTLY) A FOR-PROFIT ENTITY IN WHICH THE SCHOOL CONTRACTS ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE AND USES MARKET RATE ANALYSIS TO DETERMINE THE COMPENSATION FOR THE POSITION. THE SCHOOL DIRECTOR USES THE STARTING PAY SCALE BASED ON NUMBER OF YEARS OF EXPERIENCE IN THE CLASSROOM TO DETERMINE THE SCHOOL TEACHERS' COMPENSATION. THIS PROCESS WAS LAST REVIEWED AND APPROVED IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,404,781. MANAGEMENT AND GENERAL EXPENSES 9,891. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,414,672. EDUCATIONAL PROPERTIES INC 9477 DECATUR DRIVE N BROOKLYN PARK MN 55445 454743465 LEASING REAL PROPERTY MN 501(C)(3) LINE 12A, I NOBLE ACADEMY 1 EDUCATIONAL PROPERTIES II INC 9477 DECATUR DRIVE N BROOKLYN PARK MN 55445 822899975 LEASING REAL PROPERTY MN 501(C)(3) LINE 12A, I NOBLE ACADEMY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 EDUCATIONAL PROPERTIES INC K 1528550 RENT PAID