2023-05-14T12:42:36-07:00 2022-06-30 Robert Reese Procaccini CPA 2489 Rice Street Roseville MN 55113 990 2021-07-01 260035570 NOVA CLASSICAL ACADEMY NOVA 6512096320 1455 Victoria Way Saint Paul MN 55102 Brett Wedlund Executive Director 6512096320 2023-05-14 1 Robert Procaccini P01890510 9529920995 2023-05-14 X 1 11 1 AAL2 2021 2023-04-26 12:10:37Z Brett Wedlund 1455 Victoria Way Saint Paul MN 55102 12089324 0 X www.novaclassical.org X 2001 MN Offering a rigorous, through, systematic, and challenging classical education to K-12 students. 9 6 155 625 0 0 12510151 11580842 183424 503690 5868 4792 0 0 12699443 12089324 0 0 0 0 7295717 6645482 0 0 0 4395040 4572949 11690757 11218431 1008686 870893 8913460 8567440 12361922 11145009 -3448462 -2577569 Offering a rigorous, through, systematic, and challenging classical education to K-12 students. 0 0 9695961 0 0 In a supportive community and through a systematic, accelerated college-preparatory education in the classical tradition, Nova Classical Academy challenges it's students to develop intellect, to attain the habits of learning and mastery, and to live a virtuous life of duty and ideals. 0 0 0 9695961 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 27 0 1 155 1 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 1 1 0 0 MN X Dieci School Finance LLC 6513092233 2489 Rice Street Suite 202 Roseville MN 55113 Dr Brett Wedlund Executive Director 50 0 X 133699 0 19183 Brooke Tousignant Lower School Principal 50 0 X 110675 0 10237 Michael Pelofske Upper School Principal 50 0 X 82532 0 14601 Missy Johnson Academic Director 50 0 X 81981 0 14583 Rebecca Lund Secretary 50 0 X X 74935 0 13782 Diane Ruday Director 50 0 X 51304 0 11880 Sasha Ross Treasurer 50 0 X X 50433 0 11333 Nicholas LaRusso Director 2 0 X 0 0 0 Melissa Hernandez Director 2 0 X 0 0 0 Jennie Winter Director 2 0 X 0 0 0 Claudia Gumbiner Hungs Chair Elect 5 0 X X 0 0 0 Divya Karan Director 2 0 X 0 0 0 Frank Ross Chair 5 0 X X 0 0 0 585559 0 95599 2 0 1 0 Pride Transportation Bus Services LLC 45 Ivy Ave W Saint Paul MN 55117 Transportation 220183 Blue Ribbon Cleaning 1525 Lockhorst Street Baldwin WI 54002 Cleaning Services 207674 Strategic Staffing Solutions PO Box 276 Mount Pleasant SC 29465 SpEd Services 178075 CKC Good Food PO Box 583598 Minneapolis MN 55458 Food Service 158181 Monarch Transportation 101 E 10th Street Ste 300 Hastings MN 55033 Transportation 152409 5 0 0 0 0 11338320 242522 0 11580842 Student Program Fees 611710 405834 405834 0 0 Food Service 611710 97856 97856 0 0 0 0 0 0 503690 4792 4792 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12089324 508482 0 0 0 0 0 0 0 0 0 0 770459 252326 518133 0 0 0 0 0 4798920 4612065 186855 0 138124 75984 62140 0 525835 424431 101404 0 412144 357178 54966 0 278464 0 278464 0 9063 0 9063 0 105869 0 105869 0 0 0 0 0 0 0 0 0 0 0 565059 565059 0 0 0 0 0 0 193311 78172 115139 0 164758 75760 88998 0 0 0 0 0 2231552 2231552 0 0 0 0 0 0 0 0 0 0 15265 13826 1439 0 0 0 0 0 0 0 0 0 63131 63131 0 0 57319 57319 0 0 Transportation 430466 430466 0 0 Food Service 356651 356651 0 0 Instructional Materials 102041 102041 0 0 11218431 9695961 1522470 0 0 0 3777347 4010078 1091783 1247976 0 219434 0 0 0 0 0 0 0 0 70442 80019 856565 591394 312911 265171 0 0 0 0 3660977 2744762 8913460 8567440 549981 366315 0 0 0 27398 0 0 0 0 0 0 0 0 0 0 11811941 10751296 12361922 11145009 X 0 0 -3761373 -2836976 312911 259407 -3448462 -2577569 8913460 8567440 870893 0 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 856565 591394 265171 0 0 0 0 265171 Deferred Outflows - Pensions 2744762 2744762 0 Deferred Inflows - Pensions 7002132 Net Pension Liability 3743400 Lease Liability 5764 10751296 12089324 0 0 0 0 0 12089324 0 0 0 12089324 11218431 0 0 0 0 0 11218431 0 0 0 11218431 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 included in the school's registration information. Schedule E, Part I, Line 6 As a MN public charter school, the academy receives state education and federal grant funding. 0 0 0 0 0 0 0 0 0 Dr Brett Wedlund Executive Director 133699 0 0 0 0 0 0 0 19183 0 152882 0 0 0 Form 990, Part VI, Section A, Line 7a Form 990, Part VI, Section A, Line 7a - Any staff members who are employed at the academy, including teachers, and all parents and legal guardians or students enrolled at the academy are the voters eligible to elect the members of the academy's board of directors. Form 990, Part VI, Section A, Line 7b Changes to the bylaws affecting the governance model of the school require (1) majority approval of a quorum of the board, and (2) approval by the licensed teachers employed by the school, and (3) approval by the school's authorizer, Friends of Education. Form 990, Part VI, Section A, Line 8b The organization does not have any committees with board authority to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b A draft of the Form 990 is reviewed and all financial information is verified by the academy's outsourced accountant. The Executive Director reviews the draft of the Form 990 for accuracy of non-financial information. Form 990, Part VI, Section B, Line 12c Board members complete annual conflict of interest statements requiring them to identify conflicts. These conflicts are shared with the board who shall determine if a conflict exists. If a conflict is determined to exist on a proposed board action, the board member refrains from voting on that action. All proceedings related to conflicts of interest are documented in the meeting minutes. Form 990, Part VI, Section B, Line 15 Compensation of the Executive Director (ED) was based on a survey of other large charter schools in the metro area and the MACS compensation survey. The offer agreement was drafted by the board chair and reviewed by the full board. Board approval is obtained annually. Compensation for all administrative positions is determined by the Executive Director, within the board approved budget. This process is completed annually. Form 990, Part VI, Section C, Line 19 Governing documents and policies are available to the public on Nova's website. Summary budgeted and actual revenue and expense information is on the website. The audited financial statements and documents listed above are available upon request. Summary financial information is also available on the Minnesota Department of Education's website. Friends of Nova Classical Academy 1455 Victoria Way Saint Paul MN 55102 800174213 To construct and lease building to Nova MN 501(c)(3) Line 12A, I Nova Classical Academy 1 0 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 Friends of Nova Classical Academy k 1553615 Lease Agreement