2023-05-15T16:50:06-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 421625836 NEW MILLENNIUM ACADEMY NEWM 6123776260 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 CHONBURI LEE BOARD CHAIR 6123776260 2023-05-09 1 CHONBURI LEE 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHONBURI LEE 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 14191768 0 X WWW.NEWMILLENIUMACADEMY.ORG X 2004 MN DEVELOPING GLOBAL LEADERS WHO TRANSFORM THE WORLD. 6 4 254 5 0 0 13709178 14040081 11858 109453 8464 864 20017 40452 13749517 14190850 0 0 0 0 6874243 9367264 0 0 0 4979737 5350369 11853980 14717633 1895537 -526783 9494362 10314612 9111162 10390845 383200 -76233 THE NEW MILLENNIUM ACADEMY COMMUNITY PREPARES LEARNERS FOR LIFE, ENGAGES THEM IN HIGH ACADEMIC ACHIEVEMENT, AND FOSTERS HMONG CULTURAL PRIDE AND IDENTITY. 0 0 12672135 148532 NMA PROVIDED PUBLIC SCHOOL ACADEMIC SERVICES TO AN AVERAGE OF 802 STUDENTS IN GRADES K-8 DURING THE 2021-2022 SCHOOL YEAR. SIXTY-FOUR PERCENT OF THESE STUDENTS CAME FROM LOW INCOME FAMILIES (QUALIFIED FOR FREE/REDUCED LUNCH). IN ADDITION, MANY QUALIFIED FOR EL SERVICES. THESE FACTORS GENERATE EXTRA FUNDING FROM THE STATE BUT ALSO GENERATE VARIOUS CHALLENGES. 12672135 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 49 0 1 254 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 X KEVIN XIONG EXECUTIVE DIRECTOR 44.00 X 155557 0 21451 STEPHANIE STEEN PRINCIPAL 44.00 X 119667 0 27500 STEPHANIE WHEELOCK PRINCIPAL 44.00 X 104298 0 22279 JANIE YANG SECRETARY/TEACHER 44.00 X X 59295 0 12147 TATYANA TUY MEMBER/TEACHER 42.00 X 56712 0 12324 BRIDGET MEALMAN FORMER MEMBER/TEACHER 40.00 X 53414 0 11181 HEIDI PENDROY FORMER MEMBER/TEACHER 40.00 X 38741 0 6896 KINLEY VANG BOARD CHAIR 4.00 X X 0 0 0 AMY SCHWARTZ VICE CHAIR 4.00 X X 0 0 0 CHONBURI LEE TREASURER 4.00 X X 0 0 0 KER VANG MEMBER 4.00 X 0 0 0 587684 0 113778 3 1 1 0 CARAVAN KIDS CATERING PO BOX 431419 MINNEAPOLIS MN 55443 FOOD SERVICE 667636 NORTHSTAR BUS LINES 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 464593 MIDWEST BUS SERVICES 3055 OLD HWY 8 STE 107 ST ANTHONY MN 55418 TRANSPORTATION 123025 BERGANKDV OUTSOURCED SERVICES 220 PARK AVE S PO BOX 1304 ST CLOUD MN 56301 ACCOUNTING SERVICES 115948 MOTHER AND SON LLC 2574 HAZELWOOD ST N MAPLEWOOD MN 55109 STUDENT SERVICES 106866 5 13829993 210088 14040081 FOOD SALES 611710 67900 67900 MEDICAL ASSISTANCE 611710 38622 38622 FEES FROM PATRONS 611710 2931 2931 109453 864 864 2291 918 1373 1373 MISCELLANEOUS REVENUE 900099 29417 29417 INSURANCE RECOVERY 525100 9662 9662 39079 14190850 148532 0 2237 329216 149872 179344 68654 68654 7047042 6108382 938660 512515 443338 69177 770122 614732 155390 639715 466053 173662 3932 3932 6698 6698 154417 154417 612556 430516 182040 240013 166078 73935 579232 519231 60001 1424955 1424955 107938 107773 165 20768 20768 264278 258131 6147 91365 91365 STUDENT TRANSPORTATION 757321 757321 FOOD SERVICE 699551 699551 INSTRUCTIONAL SUPPLIES 136744 136744 EQUIP RENTAL & MAINT 125851 125851 124750 82820 41930 14717633 12672135 2045498 0 X 74172 246745 3369617 2243057 1955925 2986644 120370 133395 1719573 670665 1187638 1048908 2786640 3655863 9494362 10314612 577365 984776 10000 176700 93307 8347097 9312762 9111162 10390845 X -804438 -1121596 1187638 1045363 0 0 383200 -76233 9494362 10314612 X -526783 -30843 98193 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 271380 68837 202543 1448193 601828 846365 1048908 DUE FROM NEW MILLENNIUM BUILDING COMPANY 8862 DEFERRED OUTFLOWS - PENSION 3350848 RIGHT OF USE ASSETS 296153 3655863 NET PENSION LIABILITY 3558821 DEFERRED INFLOWS - PENSION 5266600 RIGHT OF USE LIABILITIES 299698 COMPENSATED ABSENCES 187643 9312762 14165592 -30843 5585 -25258 14190850 0 14190850 14538453 1083695 1083695 13454758 1262875 1262875 14717633 PART XI, LINE 2D - OTHER ADJUSTMENTS: NEW MILLENNIUM BUILDING COMPANY REVENUES 397. PENSIONS 5,188. PART XII, LINE 2D - OTHER ADJUSTMENTS: NEW MILLENNIUM BUILDING COMPANY EXPENSES 1,176,699. PENSIONS -93,004. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT 1,262,875. 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 CONTAINED IN THE SCHOOL'S REGISTRATION AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 KEVIN XIONG EXECUTIVE DIRECTOR 155432 0 0 0 125 0 12983 0 8468 0 177008 0 0 0 BRIDGET MEALMAN FORMER MEMBER/TEACHER 46022 0 0 0 7392 0 4387 0 6794 0 64595 0 0 0 HEIDI PENDROY FORMER MEMBER/TEACHER 33131 0 0 0 5610 0 2882 0 4014 0 45637 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A TO THE EXTENT REQUIRED BY APPLICABLE LAW, STAFF MEMBERS WHO ARE EMPLOYED BY THE CORPORATION AT THE TIME OF THE ELECTION, INCLUDING TEACHERS, EXISTING DIRECTORS OF THE CORPORATION, AND PARENTS/LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE SCHOOL AT THE TIME OF THE ELECTION, MAY PARTICIPATE IN THE ANNUAL ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER CORRECTIONS (IF ANY) ARE MADE TO THE DRAFT FORM 990 BY THE EXECUTIVE DIRECTOR AND/OR BUSINESS MANAGER, A PUBLIC DISCLOSURE COPY WILL BE EMAILED TO EACH BOARD MEMBER FOR THEIR REVIEW AND FEEDBACK. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE AND SUBMIT CONFLICT OF INTEREST DISCLOSURES ANNUALLY. BOARD MEMBERS ARE REMINDED PERIODICALLY OF CONFLICT OF INTEREST OBLIGATIONS, INCLUDING THE REQUIREMENT TO RECUSE FROM DISCUSSION AND VOTE ON ANY ITEM THAT WOULD FALL INTO THE CONFLICT OF INTEREST CATEGORY. CONFLICT OF INTEREST DETERMINATIONS ARE MADE BY THE EXECUTIVE DIRECTOR AND SCHOOL AUTHORIZER. IF THERE WOULD BE SCHOOL BOARD DELIBERATIONS/DECISIONS INVOLVING A PERSON WITH A CONFLICT OF INTEREST, THEY WOULD DOCUMENT THE CONFLICT, AND EXCUSE THEMSELVES FROM DISCUSSION AND VOTING ON THESE MATTERS. ALL PROCEEDINGS RELATED TO THE CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 A MARKET ANALYSIS ON A THREE-YEAR CYCLE IS USED TO DETERMINE THE COMPENSATION FOR THE ADMINISTRATORS, AND ALL OTHER EMPLOYEES OF THE SCHOOL AS PART OF THE ANNUAL BUDGETING PROCESS CONDUCTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE 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. TATYANA TUY AND JANIE YANG ARE BOARD MEMBERS BUT RECEIVE 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: PENSION EXPENSE RELATING TO NET PENSION LIABILITES 98,193. FORM 990, PART XII, LINE 2C THE BOARD IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. NEW MILLENNIUM BUILDING COMPANY 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 815179098 RENT SCHOOLHOUSE MN 501(C)(3) LINE 12A, I NEW MILLENNIUM ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 NEW MILLENNIUM BUILDING COMPANY D 8862 CASH BALANCE NEW MILLENNIUM BUILDING COMPANY K 1262875 LEASE AGREEMENT