2025-05-14T07:10:38-05:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 900103622 St Croix Preparatory Academy STCR 6513955902 4260 Stagecoach Trail N Stillwater MN 55082 Kelly Gutierrez ED of Finance and Operations 6513955902 2025-05-13 1 1 Steven D Anseth CPA P00552219 9528359090 2025-05-12 2023 2025-03-06 01:10:19Z Kelly Gutierrez 4260 Stagecoach Trail N Stillwater MN 55082 17745856 0 X www.stcroixprep.org X 2003 MN To develop each student's academic potential, personal character and leadership qualities through an academically rigorous and content-rich educational program grounded in the classical tradition. 9 5 234 125 0 0 16141292 16491050 1172896 915047 144475 165155 25776 146928 17484439 17718180 0 0 0 0 10776420 12073094 0 0 0 6238688 6315489 17015108 18388583 469331 -670403 15563015 13928195 12324072 11359904 3238943 2568291 X SCPA is a public school serving approximately 1,215 students in grades K-12 in Fy 2023-2024. Student retention over a ten year period remains an average of 96% (because the school is a school of parent choice, the Board interpolates a parent satisfaction rate of 96% as well); Faculty retention, over a five year period, averages over 88%; Average State standardized test scores are 16-22% higher than the resident district. 0 0 15525729 937988 SCPA is a public school serving approximately 1,215 students (1,186 ADM) in grades K-12 in fiscal year 2023-2024. Student retention over a ten year period remains an average of 96% (because the school is a school of parent choice, the Board interpolates a parent satisfaction rate of 96% as well); Faculty retention, over a five year period, averages over 88%; Average State standardized test scores are 16-22% higher than the resident district 15525729 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 50 0 1 234 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 5 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X X Kelly Gutierrez 6513955900 4260 Stagecoach Trail North Stillwater MN 55082 Jeff Johnson Parent Member 1.00 X 0 0 0 Terri Gulbrandson Parent Member 1.00 X 0 0 0 Matthew Stiles Parent Member 1.00 X 0 0 0 Kristen Denzer Parent Member 1.00 X 0 0 0 Bob Hajlo Chair/Community Member 1.00 X X 0 0 0 Nicole Donnay Vice Chair/Teacher Member 41.00 X X 82524 0 7308 Angela Galati Teacher Member 41.00 X 16662 0 11212 Deb Keyes Teacher Member 41.00 X 57754 0 14036 Rita Thorson Teacher Member 41.00 X 79970 0 7276 Jon Gutierrez Executive Director 40.00 X 198702 0 20013 Kelly Gutierrez Executive Director of Finance & Operations 40.00 X 149046 0 16545 William Blotske Director of Building 40.00 X 131614 0 10117 Joann Karetov Principal 40.00 X 140780 0 9541 Andrew Sachariason Principal 40.00 X 151999 0 20932 1009051 0 116980 5 0 1 0 Blazerworks 5500 Peachtree Pkwy 500 Peachtree Corners GA 30092 Staffing services 474967 Blue Ribbon Cleaning 755 Prior Ave N Suite 1088 St Paul MN 55104 Janitorial services 269766 Egan Company 11611 Business Park Blvd N Champlin MN 55316 Constructions services 238616 Upper Lakes Food 1720 Cannon Rd Northfield MN 55057 Food supplies 218489 Creative Planning 5454 W 110th St Overland Park KS 66211 Financial services 123837 5 20271 16434445 36334 16491050 Fees from Patrons 611710 649214 649214 Admission and Student Activities 611710 148780 148780 Food Sales 611710 104232 104232 Tuition Revenue 611710 7100 7100 Medical Assistance 611710 5721 5721 915047 163202 163202 20988 0 20988 20988 20988 2099 146 1953 1953 1953 33834 20271 9800 24034 24034 43075 17730 25345 25345 Pension Revenue 900099 76561 76561 76561 17718180 937988 0 289142 749068 617709 131359 8739447 7222177 1517270 1205647 955477 250170 695885 587053 108832 683047 565894 117153 12440 12440 167911 167911 1156324 992238 164086 430206 369721 60485 240407 198210 42197 2059486 2059486 71816 55200 16616 19488 14361 5127 564647 434863 129784 53620 53620 Equipment 544612 499313 45299 Food 444480 396521 47959 Supplies 208963 208963 Dues and Memberships 67825 21659 46166 273264 273264 18388583 15525729 2862854 0 1925375 1592516 3050530 3000000 2720067 2700161 8000 6813 143300 99004 6912567 2933810 4189266 3978757 3526477 2550944 15563015 13928195 1173968 790945 46372 63424 180260 10923472 10505535 12324072 11359904 X -1483493 1974371 4722436 593920 3238943 2568291 15563015 13928195 -670403 -249 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4323672 1406622 2917050 2588895 1527188 1061707 3978757 Deferred Pension Outflows 2166089 ROU Equipment, Net of Amortization 384855 2550944 Deferred Inflow of Pension Resources 638224 Pension Liability 9521768 Leases Payable 345543 10505535 X Part X, Line 2: The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction. 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 nondiscriminatory policy is published in registration and solictation materials and posted on the school's website, although nnot posted on the homepage. Schedule E, Part I, Line 6 The school receoved federal and state funding. Prep Open 50834 20271 30563 800 2400 6600 50834 20271 30563 800 2400 6600 9800 20763 X X X 0 0 0 0 0 0 0 0 0 Jon Gutierrez Executive Director 198702 0 0 0 0 0 14899 0 5114 0 218715 0 0 0 Andrew Sachariason Principal 151999 0 0 0 0 0 9618 0 11314 0 172931 0 0 0 Kelly Gutierrez Executive Director of Finance & Oper 149046 0 0 0 0 0 11400 0 5145 0 165591 0 0 0 Joann Karetov Principal 140780 0 0 0 0 0 9244 0 297 0 150321 0 0 0 Form 990, Part VI, Section A, line 2 Kelly Gutierrez and Jon Gutirrez are husband and wife leaders of the district. Form 990, Part VI, Section A, line 6 The school has the following members: parents/guardians of enrolled students; members of the community; and staff of the school. Form 990, Part VI, Section A, line 7a The Academy's board of directors are elected by the paretns, teachers, and staff of the academy at the annual election. Form 990, Part VI, Section A, line 8b The school 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 provided to the board electronically prior to filing with the IRS. Form 990, Part VI, Section B, line 12c On an annual basis, directors are required to complete a disclousure statement to identify potential conflicts, prior to the start of any negotiations, or consideration od a grant request by the Organization, directors are expected to make full disclosure to the best of their knowledge of any dual interest in a proposed transaction by submitting report to the chair or other officer dedignated by the board to handle such matters, supplying and reasons why the transactions might not be in the best interest of the school. In matters requiring prior approval of the board of directors, the chair or other officer shall forward copies of the disclosure report to the board before its approval. Individuals with dual interest in a proposed transaction shall not vote on the matter and shall not participate in the discussion except to answer questions. Conflict of interest potential is evaluated by administration before contracts are entered into. Counsel is engaged to advide on major contracts entered into with potential conflicts of interest and these contracts are reviewed and approved by the board. Included in this policy are administrators, directors, and officers, proceedings related to conflicts of interest are documented in the meeting minutesor as otherwise appropriate. Form 990, Part VI, Section B, line 15 Research based resources are available to the board: MACS compensation surveys, condultation with school's authorizer who provided comparison salaries of 15-20 other charter schools, and an independent board representative conducted a survery of comparable positions throughout the twin cities metro area. Research findings were reported to the board and board determined salary based on these facts and the employees' performance and attainment of goals. The most recent formal compensation study was completed in 2017 for executive director J. Gutierrez; chief operating officer, K. Gutierrez; and all other staff. The process described here was last completed in 2017. 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. Form 990, Part XII, Line 1: The school follows a modified accrual method of accounting as prescribed by the Minnesota Department of Education. The government 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. Form 990, Part XII, Line 2c: The process for oversight and selections of an independent accountant has not changed from the prior year. Friends of St Croix Preparatory Academy 4260 Stagecoach Trail North Stillwater MN 55082 270126330 School Building Leasing MN 501(c)(3) Line 12b, II St Croix Preparatory Academy 1 0 0 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 Friends of St Croix Preparatory Academy K 1965452 Lease agreement