2025-05-08T14:56:53-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 ROBERT PEREZ CHIEF FINANCIAL AND OPERATIONS 6517485507 2025-05-05 1 1 SARAH REICHLING P01587996 6123764500 2025-05-05 2023 2025-03-06 01:10:19Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 21858730 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 20 19 202 325 0 0 1880862 961848 18984158 19873389 358391 432504 2833094 168576 24056505 21436317 4851391 5125142 0 0 11166928 11468711 0 0 462562 5230760 5389867 21249079 21983720 2807426 -547403 31478523 30869549 10681484 9621734 20797039 21247815 TO TEACH STUDENTS TO THINK INDEPENDENTLY, COMMUNICATE EFFECTIVELY AND ACT WITH RESPECT AND INTEGRITY IN A DIVERSE COMMUNITY THAT MODELS INTELLECTUAL AMBITION, GLOBAL RESPONSIBILITY AND THE JOY OF LEARNING. 0 0 17875663 5125142 19856347 OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA, TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY SERVED APPROXIMATELY 500 STUDENTS. ONE-HUNDRED PERCENT OF THE ACADEMY'S STUDENTS ARE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. THE ACADEMY'S CURRICULUM FOCUSES ON COLLABORATION; EXPERIENTIAL, HANDS-ON LEARNING; AND PROVIDES OVER 70 ACTIVITIES INCLUDING FINE ARTS, ACADEMICS, SOCIAL AWARENESS AND ATHLETICS AT ITS 32 ACRE CAMPUS IN ST. PAUL. 17875663 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 202 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X ADAM PETTIPIECE 6517485507 2051 LARPENTEUR AVE E SAINT PAUL MN 55109 DR WILLIAM HUDSON HEAD OF SCHOOL 40.00 X X 324850 0 29200 TIFFANY SCOTT KNOX CHAIR 10.00 X X 0 0 0 JEREMY DRUCKER VICE CHAIR 10.00 X X 0 0 0 BRIDGETTE SHANNON SECRETARY 10.00 X X 0 0 0 LEAH ANDERSON TREASURER 10.00 X X 0 0 0 TODD ROACH MEMBER 2.00 X 0 0 0 TOM SIMONSON MEMBER 2.00 X 0 0 0 CRAIG GRAY MEMBER 2.00 X 0 0 0 JAMES CORDON MEMBER 2.00 X 0 0 0 JASON MARTINEK MEMBER 2.00 X 0 0 0 BENJAMIN SILBERGLITT MEMBER 2.00 X 0 0 0 DAO YANG MEMBER 2.00 X 0 0 0 BETSY VAN HECKE MEMBER 2.00 X 0 0 0 KATIE JACOBS MEMBER 2.00 X 0 0 0 MICHELLE SMITH WARE MEMBER 2.00 X 0 0 0 PAUL GOODWIN MEMBER 2.00 X 0 0 0 MARIAN HUSSEIN MEMBER 2.00 X 0 0 0 SALLY DOHERTY MEMBER 2.00 X 0 0 0 ERIN IMON GAVIN MEMBER 2.00 X 0 0 0 MOIRA DUVERNEAU-SALIFU MEMBER 2.00 X 0 0 0 ANTHONY SANDERS MEMBER 2.00 X 0 0 0 PAT WYANT MEMBER 2.00 X 0 0 0 GINA WALLRAFF CFO & COO 40.00 X 172104 0 17081 NATALIE WATERS SEUM DIRECTOR OF ADMISSION 40.00 X 145666 0 12515 JAY DEAN ASSISTANT SCHOOL DIRECTOR 40.00 X 143385 0 19208 LAMAR SHINGLES DIRECTOR OF EQUITY AND BEL 40.00 X 127449 0 9204 MARK SEGAL UPPER SCHOOL DIRECTOR 40.00 X 124920 0 11225 EVELYN JOHNSON TEACHER 40.00 X 124947 0 15333 1163321 0 113766 10 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 PROGRAM FOOD SERVICES 578726 UPPER MIDWEST ATHLETIC CONSTRUCTION INC 3017 161ST AVE NW ANDOVER MN 55304 CONSTRUCTION WORK 413941 FIRST STUDENT 22157 NETWORK PLACE CHICAGO IL 66073 STUDENT TRANSPORTATION 264781 SYNERGI PARTNERS INC 151 W EVANS ST FLORENCE SC 29501 CONSULTING 185567 CAMACHO CONTRACTORS INC 2920 TALMAGE AVE SE MINNEAPOLIS MN 55414 ROOFING 169650 7 354109 57541 550198 14092 961848 TUITION 611600 19005115 19005115 FOOD SERVICE 611710 545256 545256 EXTENDED DAY CARE 611600 144604 144604 AUXILIARY SERVICES 611600 119279 119279 YEARBOOK 611600 48110 48110 11025 11025 19873389 409465 409465 33640 1630 0 0 33640 1630 35270 35270 384614 4615 366190 0 18424 4615 23039 23039 20054 354109 56223 -36169 -36169 MISCELLANEOUS 900099 169475 169475 169475 21436317 19873389 0 601080 5125142 5125142 618280 577955 40325 8864068 7149491 1496765 217812 206071 175438 26005 4628 1132668 900147 203811 28710 647624 492234 137916 17474 43748 43748 61197 61197 30001 30001 218077 168312 49765 1179147 486411 562384 130352 122553 31004 91549 2098707 2047553 45422 5732 172401 154872 17529 10053 10053 194475 194475 FOOD 592127 592127 BUSING 204615 204615 ATHLETICS 194489 194489 OTHER PROGRAMS 76771 76771 191506 126984 64522 21983720 17875663 3645495 462562 2106766 1563332 370651 377956 114340 88193 39175 4027 30062 39593 57416 81986 44657587 26061764 19569567 18595823 9143718 10071316 46828 47323 31478523 30869549 1925634 1692957 2948675 2675312 5300395 4888314 305045 163416 201735 201735 10681484 9621734 X 14808643 14214981 5988396 7032834 20797039 21247815 31478523 30869549 -547403 998179 0 X 0 1 X 1 0 X 979476 2534312 927258 1880862 961848 7283756 979476 2534312 927258 1880862 961848 7283756 252496 7031260 251705 259630 264330 297938 444735 1518338 176762 263716 147059 2796028 189529 3573094 12375188 85222933 0.56820 0.63900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 176,762. 2020 AMOUNT: $ 263,716. 2021 AMOUNT: $ 147,059. 2022 AMOUNT: $ 2,796,028. 2023 AMOUNT: $ 169,475. GROSS INCOME FROM FUNDRAISING EVENTS - 2023 AMOUNT: $ 20,054. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6551365 28275 1238366 336114 7481892 5847243 532170 505888 333936 6551365 7104004 18020 -1039265 235516 5847243 5901903 1465954 263853 7104004 5993622 261098 352817 5901903 0.15580 0.66145 0.18275 0 0 746927 746927 38642212 21733040 16909172 4854507 4328724 525783 413941 413941 18595823 ASSET RETIREMENT OBLIGATION 201735 201735 X 17335576 998179 56223 1054402 16281174 30001 5125142 5155143 21436317 16884800 56223 56223 16828577 30001 5125142 5155143 21983720 PART V, LINE 4: THE ACADEMY MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. PART X, LINE 2: MOUNDS PARK ACADEMY (MPA) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE 290, AND IS GENERALLY EXEMPT FROM REAL ESTATE TAXES. MPA IS A PUBLIC CHARITY AND CONTRIBUTIONS QUALIFY AS CHARITABLE TAX DEDUCTIONS BY CONTRIBUTORS. MPA FOLLOWS THE PROVISIONS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. MPA IS NOT AWARE OF ANY OF ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 56,223. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 5,125,142. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 56,223. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 5,125,142. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL ADMISSION GUIDELINES CONTAIN THE NONDISCRIMINATORY POLICIES. SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. APRIL 2023 GALA 374163 354109 20054 14092 2000 22524 2316 15291 374163 354109 20054 14092 2000 22524 2316 15291 56223 -36169 1 REDUCED LUNCH 21 29800 BOOK VALUE N/A TUITION DISCOUNT 34 810653 BOOK VALUE N/A FINANCIAL AID 222 4284689 BOOK VALUE N/A PART I, LINE 2: THE TYPE OF ASSISTANCE PROVIDED IS CREDITED DIRECTLY TO THE RECIPIENT'S ACCOUNT ON BEHALF OF THE STUDENT. NO FUNDS ARE DIRECTLY DISBURSED TO INDIVIDUALS. X X X X 0 0 0 0 0 0 0 0 0 DR WILLIAM HUDSON HEAD OF SCHOOL 309319 0 0 0 15531 0 16000 0 13200 0 354050 0 0 0 GINA WALLRAFF CFO & COO 160837 0 0 0 11267 0 8750 0 8331 0 189185 0 0 0 JAY DEAN ASSISTANT SCHOOL DIRECTOR 127854 0 0 0 15531 0 6240 0 12968 0 162593 0 0 0 NATALIE WATERS SEUM DIRECTOR OF ADMISSION 137891 0 0 0 7775 0 7030 0 5485 0 158181 0 0 0 A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 2723059 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 0 FAMILY MEMBER OF BOARD MEMBER 131275 FINANCIAL AID FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEETING MAY NOT BE PRACTICAL OR POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DATA IS GATHERED BY MPA STAFF. THE ACTUAL TAX FORM IS PREPARED AND REVIEWED BY THE AUDIT FIRM CLIFTONLARSENALLEN. ONE FINAL REVIEW IS COMPLETED BY THE CHIEF FINANCIAL AND OPERATIONS OFFICER, ROBERT PEREZ. THIS PUBLIC INSPECTION COPY OF THE FORM 990 IS BEING SENT TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ACADEMY'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS CONDUCTED WITHIN THE LAST YEAR FOR THE HEAD OF SCHOOL, B. HUDSON. THE PROCESS WAS APPROVED AT THE JUNE 2017 EXECUTIVE COMMITTEE MEETING. THE SALARY FOR THE CFOO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.