2023-05-15T16:35:22-05:00 2022-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2021-07-01 464392267 Universal Academy UNIV 6514423124 2912 28th Ave S Minneapolis MN 55406 Farhiya Einte Director 6514423124 2023-05-15 1 Farhiya Einte XXX-XX-XXXX Victoria L Holinka P00735616 9525450424 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Farhiya Einte 2912 28th Ave S Minneapolis MN 55406 7929460 0 X uacsmn.org X 2013 MN Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff. 6 3 105 10 0 0 730872 733584 6411797 7193265 970 2611 0 0 7143639 7929460 0 0 0 0 3254292 4127164 0 0 0 3022972 3700247 6277264 7827411 866375 102049 9150181 15792464 4272757 10812991 4877424 4979473 Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff. 0 0 7038628 7193265 A learning community educating the WHOLE child, serving students in grades PreK-8. During the fiscal year ended June 30, 2022, the Academy served an estimated 400 students. 7038628 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 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 0 0 0 0 1 8 0 1 105 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MN X Ann Yang 6512558858 2233 University Ave W Ste 450 St Paul MN 55114 Farhiya Einte Executive Director 40.00 X 157250 0 0 Lucy Crosby Member 40.00 X 68932 0 0 Marianne Mlambe Member 40.00 X 62836 0 0 Randa Roushdy Member 40.00 X 61402 0 0 Anisa Hashi Member 2.00 X 0 0 0 Abdulkadir Osman Vice Chair 2.00 X X 0 0 0 Amiin Harun Board Chair 2.00 X X 0 0 0 350420 0 0 1 0 1 0 Golden Finger 1914 Chicago Ave Minneapolis MN 55404 Food Service 307777 Minnehaha Transportation Inc 2507 Walnut Street Roseville MN 55113 Transportation 289769 Designs for Learning 2233 University Ave W 450 St Paul MN 55114 Financial Services 183430 Starline Cleaning Services Inc 10500 Courthouse Blvd Inver Grove MN 55077 Cleaning Services 113698 4 600933 132651 733584 Federal and State Sour 611710 7181518 7181518 State Grants & Aid 611710 11747 11747 7193265 2611 2611 7929460 7193265 0 2611 312643 164143 148500 3109987 2809081 300906 289064 249365 39699 159016 131218 27798 256454 224910 31544 3815 3815 96453 96453 301286 280001 21285 366320 331851 34469 210125 164427 45698 289784 289784 18508 18508 345854 345854 27678 646 27032 164880 164880 Pension Expense per Act 808164 796782 11382 Transportation 702722 702722 Food 364658 364456 202 7827411 7038628 788783 0 5120526 5465044 2995 600742 750416 7328608 1010126 501765 6318482 2927148 3255527 9150181 15792464 625422 610972 18330 6048997 0 3647335 4134692 4272757 10812991 X 4375659 4705526 501765 269485 0 4462 4877424 4979473 9150181 15792464 102049 0 X X 0 1 X 1 0 X 6431446 714605 5716841 205414 33422 171992 691748 262099 429649 6318482 Pension Plan Deferments 2027906 Due from Other Funds 1227621 3255527 Net Pension Liability 1777627 Pension plan deferments 2263063 Compensated absences payable 94002 4134692 X 7929460 0 7929460 0 7929460 7827411 0 7827411 0 7827411 Part X, Line 2: The Academy is exempt from federal and state income taxes under Internal Revenue Code (IRC) 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 6 The Academy receives state and federal aid payments to finance the operational activities of the Academy. 1 0 0 0 0 0 0 0 0 0 Farhiya Einte Executive Director 157250 0 0 0 0 0 0 0 0 0 157250 0 0 0 Form 990, Part VI, Section B, line 11b Once the 990 is completed by an independent CPA, a copy will be provided to the Director of the Academy and the Board via email for review before filing. Form 990, Part VI, Section B, line 12c Annually, Directors are required to sign a Conflict of Interest statement. Form 990, Part VI, Section B, line 15a The Executive Director will be evaluated each year by the Board. Staff/parent surveys are taken each year at year-end. Compensation for all employees including the Director are recommended to the Board via the Budget which is then approved by the Board. The Board then approves all employement agreements/contracts. Form 990, Part VI, Section C, line 19 The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. Part XII, Line 2c The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed. AUTHORIZER The Academy is required to have an Authorizer to monitor its opeartions in order to maintain its charter. The Academy's approved authorizer during the fiscal year 2022 was Novation Education Opportunities. Form 990, Part VI, Section A Line 1B Several members of the Board are teachers at the school. Minnesota State Statute 124D.10 subd.4(g) requires the Board to have at least one member that is an employed/contracted teacher. RELATED ORGANIZATION COMPENSATION Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted.