2023-05-02T14:18:07-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 411975574 HOPE COMMUNITY ACADEMY HOPE 6517964500 720 PAYNE AVENUE ST PAUL MN 55101 MAYCHY VU EXECUTIVE DIRECTOR 6517964500 2023-04-28 1 MAYCHY VU 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-04-28 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MAYCHY VU 720 PAYNE AVENUE ST PAUL MN 55101 11656857 0 X WWW.HOPE-SCHOOL.ORG X 2000 MN THE MISSION OF HOPE (HMONG OPEN PARTNERSHIP IN EDUCATION) COMMUNITY ACADEMY IS TO INSPIRE STUDENTS TO ACHIEVE HIGH ACADEMIC SUCCESS WHILE EMBRACING HMONG LANGUAGE AND CULTURE. 6 4 89 6 0 0 9385562 11645977 0 645 375 69 2611 4656 9388548 11651347 0 0 0 0 4913409 6243819 0 0 0 4710550 5591898 9623959 11835717 -235411 -184370 7239866 6881057 8784862 8526103 -1544996 -1645046 THE MISSION OF HOPE (HMONG OPEN PARTNERSHIP IN EDUCATION) COMMUNITY ACADEMY IS TO INSPIRE STUDENTS TO ACHIEVE HIGH ACADEMIC SUCCESS WHILE EMBRACING HMONG LANGUAGE AND CULTURE. 0 0 10775546 5581 ELEMENTARY/SECONDARY EDUCATION HOPE COMMUNITY ACADEMY SERVED 578 STUDENTS IN GRADES KINDERGARTEN THROUGH 9TH GRADE IN THE 2021-2022 SCHOOL YEAR. THE SCHOOL WAS APPROVED TO EXPAND PRE-K THROUGH 12TH GRADE AND THERE WAS A BUILDING EXPANSION PROJECT DURING THE FISCAL YEAR DESPITE THE PANDEMIC. 10775546 1 0 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 18 0 1 89 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN WEST BLVD SUITE 1000 MINNEAPOLIS MN 554314420 X MAYCHY VU EXECUTIVE DIRECTOR 40.00 1.00 X 134184 0 31505 CHAI LEE MEMBER/ADMINISTRATOR 40.00 X 101645 0 26596 JUAVAH LEE FORMER MEMBER/ADMINISTRATOR 40.00 X 97097 0 16551 ANDY GROVER MEMBER/TEACHER 42.00 X 57419 0 22186 HLIES SCULLY MEMBER/TEACHER 42.00 X 55556 0 10503 DON LORR COMMUNITY MEMBER 2.00 X 0 0 0 KA ZOUA YANG SECRETARY 2.00 X X 0 0 0 SIA LO TREASURER 2.00 X X 0 0 0 JOHN WAMENG YANG CHAIR 2.00 X X 0 0 0 445901 0 107341 2 1 1 0 JME TRANSIT INC 3140 IRVING AVE S MINNEAPOLIS MN 55408 TRANSPORTATION 937548 CKC GOOD FOOD 1185 CONCORD STREET NORTH SOUTH ST PAUL MN 55075 FOOD SERVICE 669532 EZY-RIDE 4U LLC 558 VANDALIA STREET ST PAUL MN 55114 TRANSPORTATION 247284 PYRAMIDE SERVICE LLC 432 BROOKS AVE LITTLE CANADA MN 55117 CUSTODIAL 119900 BERGANKDV PO BOX 735505 DALLAS TX 75373 FINANCIAL MANAGEMENT 118200 5 11645977 11645977 FOOD SALES 611710 645 645 645 69 69 5230 5510 -280 -280 MISCELLANEOUS REVENUE 611710 4936 4936 4936 11651347 5581 0 -211 297982 140210 157772 124078 124078 4623717 4289357 334360 377180 352592 24588 429749 377438 52311 391113 338044 53069 4506 4506 25659 25659 126176 126176 544243 410154 134089 270170 220132 50038 192988 151815 41173 188797 184665 4132 48759 48610 149 1535090 1535090 436681 421928 14753 STUDENT TRANSPORTATION 1165276 1165276 FOOD SERVICE 636762 636762 INSTRUCTIONAL SUPPLIES 268321 268321 EQUIPT RENTAL & MAINT 89017 89017 59453 22057 37396 11835717 10775546 1060171 0 X 2314460 1056872 820193 220270 1246707 2083248 134232 217672 1992415 1406168 654720 586247 2069554 2716748 7239866 6881057 704322 898779 4488 81857 0 909487 107656 7089196 7515180 8784862 8526103 X -2117859 -1221624 572863 -423422 0 0 -1544996 -1645046 7239866 6881057 X -184370 3012 81308 X X 0 1 X 1 1 1 X 190052 46051 144001 1802363 1360117 442246 586247 DUE FROM HCA BUILDING COMPANY 170386 DEFERRED OUTFLOWS - PENSION 1839496 ROU ASSET 706866 2716748 NET PENSION LIABILITY 2676287 DEFERRED INFLOWS - PENSIONS 4128317 ROU LIABILITY 710576 7515180 X 12838438 1187091 1187091 11651347 0 11651347 13685091 1849374 1849374 11835717 0 11835717 PART X, LINE 2: THE CHARTER SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION (501)(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE CHARTER SCHOOL QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: HCA BUILDING COMPANY REVENUES 1,183,629. PENSIONS 3,462. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSIONS -77,846. HCA BUILDING COMPANY EXPENDITURES 1,927,220. 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 POLICY IS INCLUDED ON OUR WEBSITE AND IN BROCHURES GIVEN TO PARENTS OF PROSPECTIVE STUDENTS. 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 MAYCHY VU EXECUTIVE DIRECTOR 134184 0 0 0 0 0 11866 0 19639 0 165689 0 0 0 JUAVAH LEE FORMER MEMBER/ADMINISTRATOR 97097 0 0 0 0 0 7352 0 9199 0 113648 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE CORPORATION. THE COMMITTEE IS COMMISSIONED BY AND RESPONSIBLE TO THE BOARD IN MATTERS OF EMERGENCY AND IN INTERIM PERIODS BETWEEN REGULARLY SCHEDULED BOARD MEETINGS. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION, PROVIDED THAT SUCH AUTHORITY SHALL NOT OPERATE TO CIRCUMVENT THE RESPONSIBILITY AND AUTHORITY OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A STAFF MEMBERS EMPLOYED AT THE HOPE COMMUNITY ACADEMY CORPORATION, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND COMMUNITY MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS ARE ELIGIBLE VOTERS IN THE ELECTION OF THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. VOTING ELIGIBILITY EXPIRES UPON THE END OF EMPLOYMENT FOR STAFF MEMBERS, THE END OF ENROLLMENT OF CHILDREN FOR PARENTS AND LEGAL GUARDIANS, AND THE END OF BOARD SERVICE FOR COMMUNITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD GOVERNANCE STRUCTURE CAN BE CHANGED ONLY: BY 1) A MAJORITY VOTE OF ALL TEACHER EMPLOYED BY THE SCHOOL, AND, 2) A MAJORITY VOTE OF THE EXISTING BOARD OF DIRECTORS (AT NO TIME CAN AN ELIGIBLE VOTER HAVE TWO VOTES BECAUSE OF BOARD MEMBERSHIP) AND, 3) THE AUTHORIZER'S APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ACADEMY'S ACCOUNTANT AND REVIEWED BY MANAGEMENT. THE FINAL FORM 990 IS SENT TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES SCRUPULOUSLY SHALL AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE PERSONAL, PROFESSIONAL OR BUSINESS INTERESTS AND THE INTERESTS OF THE ACADEMY, IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE ACADEMY, IN THEIR RESPECTIVE CAPACITIES. IN THE EVENT THAT ANY OFFICER, DIRECTOR, EMPLOYEE OR COMMITTEE MEMBER OF THE ACADEMY SHALL HAVE ANY DIRECT OR INDIRECT INTEREST IN, OR RELATIONSHIP WITH, ANY INDIVIDUAL OR ORGANIZATION WHICH PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE ACADEMY, SUCH PERSON SHALL GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE ACADEMY, OR ITS COMPONENTS TO AFFECT A DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. CONFLICTS SHALL BE REVIEWED AND DETERMINED BY THE REMAINING BOARD OR COMMITTEE MEMBERS. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTS IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CREATES AN AD-HOC COMMITTEE ANNUALLY MADE UP OF THE OFFICERS OF THE BOARD. THE EXECUTIVE DIRECTOR PRESENTS ON PERFORMANCE AGAINST GOALS AND DISCUSSES WITH THE COMMITTEE. THE COMMITTEE THEN BRINGS A RECOMMENDATION TO THE FULL BOARD ON RENEWAL OF THE EXECUTIVE DIRECTOR'S CONTRACT. COMPENSATION CHANGES FOR OTHER STAFF ARE APPROVED WHEN THE BOARD APPROVES THE BUDGET AND IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT 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 LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. ANDY GROVER AND HLIES SCULLY 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: PENSION EXPENSE RELATING TO NET PENSION LIABILITIES 77,846. DIRECT AID CONTRIBUTIONS RELATING TO NET PENSION LIABILITIES 3,462. 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. HCA BUILDING COMPANY 720 PAYNE AVE ST PAUL MN 55101 341734513 LEASE BUILDING TO SCHOOL MN 501(C)(3) LINE 12A, I HOPE COMMUNITY ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 HCA BUILDING COMPANY K 1175024 LEASE AGREEMENT HCA BUILDING COMPANY Q 170386 CASH PAID