2023-03-10T15:00:25-06:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 203107105 SEVEN HILLS PREPARATORY ACADEMY SEVE 9524266000 8600 BLOOMINGTON AVENUE SOUTH BLOOMINGTON MN 55425 CAROLYN FARRELL INTERIM EXECUTIVE DIRECTOR 9524266000 2023-02-22 1 CAROLYN FARRELL 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-02-16 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z CAROLYN FARRELL 8600 BLOOMINGTON AVENUE SOUTH BLOOMINGTON MN 55425 15420403 0 X SEVENHILLSPREPARATORYACADEMY.ORG X 2006 MN SHPA PREPARES EACH STUDENT FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING. 11 8 177 65 0 0 13526246 15160497 139052 131556 0 0 29554 128350 13694852 15420403 0 0 0 0 8838688 9423625 0 0 0 4412819 5670527 13251507 15094152 443345 326251 10099712 12008176 15706883 16736334 -5607171 -4728158 X SHPA ENGAGES STUDENTS IN A RIGOROUS CLASSICAL EDUCATION, DESIGNED TO PREPARE EACH ONE FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING. 0 0 13744789 209196 SHPA IS AN AWARD-WINNING K-8 CHARTER PUBLIC SCHOOL WITH CAMPUSES IN BLOOMINGTON AND RICHFIELD. SHPA OFFERS A CLASSICAL EDUCATION MODEL GROUNDED IN THE LIBERAL ARTS AND DESIGNED TO ENGAGE STUDENTS IN A RIGOROUS, CONTENT-RICH CURRICULUM. SEVEN HILLS STUDENTS LEARN RESPONSIBLE STUDY HABITS, CRITICAL THINKING SKILLS, AND ROBUST DEBATE PRACTICES TO PREPARE THEM TO EMBARK ON A JOYFUL PURSUIT OF HARD-EARNED WISDOM. SEVEN HILLS OFFERS A COMPREHENSIVE CHARACTER EDUCATION PROGRAM, PROMOTING VALUES OF RESPECT, COMPASSION, AND SELF-CONTROL AND ASPIRING TOWARD THE CLASSICAL VIRTUES OF TRUTH, BEAUTY, AND GOODNESS. SEVEN HILLS IS COMMITTED TO EDUCATIONAL EQUITY AND BELIEVES IN THE INHERENT VALUE OF AN INCLUSIVE LEARNING ENVIRONMENT WHERE STUDENTS AND STAFF FROM ALL BACKGROUNDS WORK HARD TO PREPARE FOR A DIVERSE AND DEMOCRATIC WORLD IN WHICH THEY MAKE LASTING CONTRIBUTIONS.SHPA SERVED 1109 STUDENTS DURING THE FISCAL YEAR. 13744789 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 24 0 1 177 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CLIFTON LARSON ALLEN 6123764500 220 SOUTH 6TH ST SUITE 300 MINNEAPOLIS MN 55402 X CARL SCHLUETER EXECUTIVE DIRECTOR 41.00 X 119153 0 34479 LEAH LELLMAN DIRECTOR/TEACHER 41.00 X 68803 0 16743 MARTINE WALKER DIRECTOR/TEACHER 41.00 X 59189 0 18762 KELLY RYAN DIRECTOR/TEACHER 41.00 X 55023 0 4851 LISA BARNAGE BOARD CHAIR 1.00 X X 0 0 0 RENSON ANJERE VICE CHAIR 1.00 X X 0 0 0 MOLLY LEE SECRETARY 1.00 X X 0 0 0 MICHAEL MEYER TREASURER 1.00 X X 0 0 0 WES WAHLBERG DIRECTOR 1.00 X 0 0 0 MARLA MARTIN DIRECTOR 1.00 X 0 0 0 JANEEN RAAEN DIRECTOR 1.00 X 0 0 0 KIM HUBERTUS DIRECTOR 1.00 X 0 0 0 302168 0 74835 1 0 1 0 CKC GOOD FOOD PO BOX 583598 MINNEAPOLIS MN 55458 FOOD SERVICE 721823 40 SCHOOL SERVICES PO BOX 150 ST PETER MN 56082 TRANSPORTATION 593704 ACADEMY OF HOLY ANGELS 6600 NICOLLET AVE S RICHFIELD MN 55423 TRANSPORTATION 517063 STRATEGIC STAFFING PO BOX 276 MOUNT PLEASANT SC 29465 SUBSTITUTES 132100 UNIVERSAL CLEANING SERVICES 12372 RIVER RIDGE BLVD BURNSVILLE MN 55337 CLEANING AND JANITORIAL 112779 5 15135635 24862 15160497 PROGRAM FEES 611710 131406 131406 FOOD SALES 611710 150 150 131556 50710 0 50710 50710 50710 MISCELLANEOUS 611710 26818 26818 E-RATE DISCOUNTS 611710 25900 25900 CAPSTONE BASE CAMP REIMBURSEMENT 611710 24922 24922 77640 15420403 209196 0 50710 403917 240749 163168 7087681 6476830 610851 552730 515248 37482 833251 711117 122134 546046 492323 53723 12784 12784 124861 124861 447324 401800 45524 184196 135534 48662 148164 78390 69774 1340675 1340675 55356 54679 677 187598 187598 744932 735248 9684 36873 36873 TRANSPORTATION 1127785 1127785 FOOD SERVICE 723630 720869 2761 INSTRUCTIONAL SUPPLIES 245882 245882 REPAIR & MAINTENANCE 200070 200070 90397 43119 47278 15094152 13744789 1349363 0 X 1915360 1658853 1189497 1491212 168311 5063 120443 1199588 621889 556069 577699 6265412 8159969 10099712 12008176 970005 921797 628901 81316 500000 14107977 15233221 15706883 16736334 X -6163240 -6315174 556069 1587016 0 0 -5607171 -4728158 10099712 12008176 X 326251 552762 X X 0 1 X 1 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19259 4626 14633 1180329 617263 563066 577699 DEFINED BENEFIT PENSION PLANS 4371399 RIGHT TO USE ASSETS 3224086 LEASE RECEIVABLE 283953 DUE FROM SHPA ABC BUILDING COMPANY 280531 8159969 NET PENSION LIABILITY 4762230 DEFERRED BENEFIT PENSION PLAN 7182925 RIGHT OF USE LIABILITIES 3288066 15233221 X 15419814 -589 -589 15420403 0 15420403 14531301 386752 386752 14144549 949603 949603 15094152 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 BASIC FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY REVENUES 1,011. PENSION REVENUES -1,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY EXPENSES 941,114. PENSION EXPENSES -554,362. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING COMPANY RENT 949,603. 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 LISTED ON THE WEBSITE AND IN ALL RECRUTIMENT AND ENROLLMENT MATERIALS. SCHEDULE E, PART I, LINE 6 AS A PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING. X X 0 0 0 0 0 0 0 0 0 CARL SCHLUETER EXECUTIVE DIRECTOR 119153 0 0 0 0 0 17569 0 16910 0 153632 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL NOT HAVE CAPITAL STOCK. THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF ONE OR MORE CLASSES. THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO ESTABLISH ONE OR MORE CLASSES OF MEMBERSHIP AND SHALL FIX THE VOTING POWER, RIGHTS AND PREFERENCES OF EACH CLASS IN THE BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A ON OR BEFORE FEBRUARY 15 OF EACH SCHOOL YEAR, THE CHAIR WILL APPOINT AN ELECTION COMMITTEE CONSISTING OF ONE OR MORE PARENTS OF STUDENTS ENROLLED AT SEVEN HILLS PREPARATORY ACADEMY, ONE OR MORE STAFF MEMBERS EMPLOYED BY THE CORPORATION, AND SUCH OTHER INDIVIDUALS AS THE CHAIR SEES FIT. THE ELECTION COMMITTEE MAY NOMINATE AT LEAST ONE CANDIDATE FOR EACH SEAT ON THE BOARD HELD BY A DIRECTOR WHOSE TERM WILL EXPIRE DURING THAT SCHOOL YEAR. THE COMMITTEE MUST SUBMIT ITS NOMINATIONS TO THE BOARD IN WRITING ON OR BEFORE MARCH 15. THE BOARD OF DIRECTORS MUST ACCEPT THE NOMINATIONS, BUT MAY NOMINATE ADDITIONAL CANDIDATES AS WELL. IF, ON OR BEFORE MARCH 15, A LICENSED TEACHER WHO IS EMPLOYED BY THE CORPORATION AS A TEACHER, OR A PARENT OR LEGAL GUARDIAN OF A CHILD ENROLLED AT SEVEN HILLS PREPARATORY ACADEMY, OR A COMMUNITY MEMBER SUBMITS A WRITTEN NOTICE TO THE BOARD SEEKING TO BE NOMINATED FOR ELECTION TO THE BOARD, THE BOARD MUST ACCEPT THAT NOMINATION. ON OR BEFORE MAY 15, THE BOARD MUST HOLD AN ELECTION IN A MANNER THAT THE BOARD SEES FIT TO DETERMINE WHICH CANDIDATES WILL BE ELECTED TO THE BOARD. THE FOLLOWING INDIVIDUALS MAY VOTE IN THE ELECTION: STAFF MEMBERS WHO ARE EMPLOYED BY THE CORPORATION (INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT WITH A COOPERATIVE), MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL. THE CORPORATION MUST NOTIFY ELIGIBLE VOTERS OF THE BOARD ELECTION DATE(S) AT LEAST THIRTY DAYS BEFORE THE ELECTION. VOTING WILL BE BY BALLOT. THE BALLOTS WILL BE COUNTED BY A PERSON SELECTED BY THE BOARD. THE COUNTING OF THE BALLOTS WILL BE WITNESSED BY A THIRD PARTY AND WILL BE PROMPTLY REPORTED TO THE BOARD. THE PERSONS RECEIVING THE GREATEST NUMBER OF VOTES SUBJECT TO THE COMPOSITION REQUIREMENTS IN ARTICLE IV, SECTION 3A SHALL BE ELECTED FOR THE OPEN SEATS ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED WITH INFORMATION PROVIDED BY CLIFTONLARSONALLEN (FINANCIAL MANAGER) AND ONCE A DRAFT IS AVAILABLE, IT IS THEN REVIEWED BY THE FINANCE COMMITTEE AND THEN SENT TO THE BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND OFFICERS ARE REQUIRED TO SUBMIT AN ANNUAL STATEMENT THAT DISCLOSES ANY RELATIONSHIPS THAT MAY GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS AND SCHOOL ADMINISTRATORS COMPLETE REQUIRED TRAINING ON WHAT MAY CONSTITUTE A CONFLICT OF INTEREST AND BOTH REVIEW THE CONFLICT OF INTEREST ANNUAL STATEMENTS AND CONFLICTS THAT ARISE DURING THE YEAR. ANY DIRECTOR WHO HAS A POTENTIAL CONFLICT OF INTEREST IN A TRANSACTION THAT IS BEING CONTEMPLATED BY THE BOARD, OR HAS A RELATIONSHIP WITH ANY PERSON WHO MAY BE INVOLVED IN SUCH A TRANSACTION, MUST FULLY DISCLOSE TO THE BOARD THE EXISTENCE OF THE INTEREST OR RELATIONSHIP. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST MAY NOT PARTICIPATE IN THE DISCUSSION NOR THE VOTE ON THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE NOTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OVERSEES A BIENNIAL COMPENSATION ANALYSIS THAT INVOLVES A COMPARATIVE REVIEW OF AREA CHARTER SCHOOLS AND RESIDENT DISTRICTS, AS WELL AS A REVIEW OF EXISTING SALARY BANDS FOR STAFF IN ADDITION TO AN ANNUAL RUBRIC-BASED EVALUATION OF ADMINISTRATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC 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. LEAH LELLMAN, MARTINE WALKER, AND KELLY RYAN ARE BOARD MEMBERS, BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS. 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 552,762. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. SHPA ABC 8600 BLOOMINGTON AVENUE SOUTH BLOOMINGTON MN 55425 300961319 TO ACQUIRE A FACILITY FOR SEVEN HILLS PREPARATORY ACADEMY MN 501(C)(3) LINE 12A, I SEVEN HILLS PREPARATORY ACADEMY 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 SHPA ABC K 949603 LEASE AGREEMENT SHPA ABC D 280531 CASH TO BE RECEIVED