2024-11-27T13:51:50-06:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 383673618 Minnesota Internship Center MINN 6125881449 2507 Fremont Ave N Minneapolis MN 55411 Reginal Womack Executive Director 6125881449 2024-11-26 1 1 Steven D Anseth CPA P00552219 9528359090 2024-11-12 2023 2024-10-15 13:58:12Z Reginal Womack 2507 Fremont Avenue North Minneapolis MN 55411 5884742 0 X www.mnic.org X 2003 MN To partner with communities and learners to achieve academic, career, and life success. 7 3 76 3 0 0 6505099 5331380 0 0 -14860 -10055 494153 542498 6984392 5863823 39000 3965 0 0 4519479 3576375 0 0 0 2355501 2028613 6913980 5608953 70412 254870 5494646 4086736 7871093 6208313 -2376447 -2121577 X The Minnesota Internship Center partners with communities and learners to achieve academic, career, and life success. 0 0 4572573 3965 Minnesota Internship Center is a new type of school with unique community and business roots - one that offers exciting learning through the internship process. We are a school which helps older teens with multiple challenges including homeless, disabled, and students requiring special accommodations at learning and in their careers. The School combines excellent classroom-based instruction with internships that help meet some of the new Minnesota academic standards. While internships are not required (many students prefer full days in the classroom, or paid employment rather than an internship), they do offer potential in career and academic growth. Special education services are provided wherever needed, in all our programs. The School is an approved work experience school by the Minnesota Department of Education and some students combine work with classroom activity for some credit. Academic courses in MNIC meet state approved graduation standards. Since Minnesota Internship Center is a secondary program, student graduation numbers have an effect on enrollment numbers each year. During the year ended June 30, 2024 the School had average daily membership of approximately 253 students. 4572573 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20 0 1 76 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X Designs for Learning 6516450200 2355 Minnesota 36 W Suite 200 Roseville MN 55113 Tracy Eberlein Board Chair/Teacher 40.00 0.00 X X 101099 0 18878 Aaron Stinar Vice-Chair/Teacher 40.00 1.00 X X 65732 0 15520 Paul Eaton Treasurer/Teacher 40.00 1.00 X X 69860 0 16058 Jodi Grisdale Secretary/Teacher 40.00 0.00 X X 61322 0 15149 Maya Harris Board Member 1.00 0.00 X 1400 0 0 Michael Peterson Board Member 1.00 0.00 X 1600 0 0 Kristi Peterson Board Member 1.00 0.00 X 800 0 0 Reginal Womack Executive Director 40.00 1.00 X 124705 0 21408 426518 0 87013 2 0 0 0 Designs for Learning 2355 Minnesota 36 W Suite 200 Roseville MN 55113 Accounting/Technology 201437 1 5282715 48665 5331380 10864 10864 20919 -20919 -20919 -20919 Pension Revenue 900099 542498 542498 542498 5863823 0 0 532443 3965 3965 512849 425843 87006 2204109 1830178 373931 222995 185477 37518 433720 366210 67510 202702 168073 34629 61695 61695 163158 163158 478144 378196 99948 8346 236 8110 134912 84806 50106 245728 245728 3417 996 2421 15647 10526 5121 28966 28966 579322 579322 34820 34820 Food 114250 113633 617 Student Travel 46918 46918 Supplies 46107 37090 9017 Dues and Subscriptions 36140 1040 35100 31043 30550 493 5608953 4572573 1036380 0 1590025 1207975 472225 413262 142461 145622 250594 186964 83858 63630 3206077 2256247 5494646 4086736 959978 779125 6911115 5429188 7871093 6208313 X -2432875 -2175556 56428 53979 -2376447 -2121577 5494646 4086736 254870 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250594 186964 63630 63630 Deferred outflow of pension resources 885636 Right of use asset 1370611 2256247 Net pension liability 3585377 Deferred inflow of pension resources 371664 Lease liabilities 1472147 5429188 X 6382719 0 6382719 -518896 -518896 5863823 6127849 518896 518896 5608953 0 5608953 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. Part XI, Line 4b - Other Adjustments: Negative Pension Expense Reclassed as Revenue -518,896. Part XII, Line 2d - Other Adjustments: Negative Pension Expense Reclassed as Revenue 518,896. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 Schedule E, Part I, Line 3 The School's nondiscriminatory policy is communicated to potential students via the school's website and registration material. However, the nondiscriminatory policy is not located on the homepage. Schedule E, Part I, Line 6 The School receives Federal and State funding. Schedule E, Part I, Line 7 The School's nondiscriminatory policy is communicated to potential students via the school's website and registration material. However, the nondiscriminatory policy is not located on the homepage. 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 990 is sent to the board members prior to presenting the 990 to the board during a board meeting. The 990 is approved by the board before filing the informational return with the IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers all School board members. It is the policy of the Charter School Board to conform with statutory conflict of interest laws and, in addition, act in a manner that will avoid any conflict of interest or the appearance thereof. The finance office gathers responses, reviews and reports to the Executive Director who shall determine if a conflict exists. Individuals determined to have a conflict of interest shall not participate in the discussion except to answer questions and shall not vote on the matter. All proceedings related to conflicts of interest are documented in the meeting minutes or as otherwise appropriate. All members are reviewed annually and required to complete and submit a written acknowledgement and disclosure. Form 990, Part VI, Section B, line 15a The board determines the Executive Director's compensation when hired. In subsequent years the wage is adjusted by the same percentage of increase the entire staff receives. If an additional increase is given above what other employees receive it is reviewed by the board. The board discusses an annual performance stipend. 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 2c: The process has not changed from the prior year. MNIC Building Company Inc 2507 Fremont Ave N Minneapolis MN 55411 863182133 School Building MN 501(c)(3) Line 12a, I Minnesota Internship Center Charter School 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 MNIC Building Company Inc K 219000 Cash Value