2023-05-09T15:03:09-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 371518372 SPECTRUM HIGH SCHOOL SPEC 7632418703 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 DAN DEBRUYN EXECUTIVE DIRECTOR 7632418703 2023-05-08 1 DAN DEBRUYN 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-05-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVE LUCAS 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 10163395 0 X WWW.SPECTRUMHIGHSCHOOL.ORG X 2005 MN PUBLIC CHARTER SCHOOL GRADES 6-12 7 5 183 163 0 0 9106148 9654674 214807 423508 3898 -4423 36977 82016 9361830 10155775 10820 9800 0 0 5862010 6179116 0 0 0 3405237 3516961 9278067 9705877 83763 449898 6267072 6601700 9093122 8833814 -2826050 -2232114 SPECTRUM'S MISSION IS TO EQUIP STUDENTS WITH THE KNOWLEDGE, SKILLS, AND ATTRIBUTES TO SUCCESSFULLY NAVIGATE THE COLLEGE AND CAREER OF THEIR CHOICE AND POSITIVELY IMPACT THE WORLD AROUND THEM. 0 0 8128055 9800 447898 SPECTRUM IS A LEADING COLLEGE PREPARATORY SCHOOL OF CHOICE COMMITTED TO HIGH STANDARDS AND EXCEPTIONAL PROGRAMMING. SPECTRUM'S COLLEGE @ SPECTRUM HIGH (C@SH) PROGRAM OFFERS STUDENTS THE OPPORTUNITY TO EARN OVER 60 COLLEGE CREDITS, TAUGHT BY SPECTRUM CERTIFIED FACULTY, IN PARTNERSHIP WITH 4 DIFFERENT COLLEGES. SPECTRUM STUDENTS ARE ABLE TO EARN AN AA DEGREE IN HIGH SCHOOL WHILE REMAINING ENTIRELY ON THE HIGH SCHOOL CAMPUS. 8128055 1 0 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 25 0 1 183 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 1 0 0 1 1 1 0 0 0 0 1 1 1 0 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 55024 X DAN DEBRUYN EXECUTIVE DIRECTOR 40.00 X 137740 0 21029 MARK LELAND HIGH SCHOOL PRINCIPAL 40.00 X 104703 0 35823 GREG HEINECKE MIDDLE SCHOOL PRINCIPLE 40.00 X 112782 0 11194 JESSICA FAVRE KEMNITZ FORMER BOARD MEMBER/TEACHE 40.00 X 61598 0 14559 TONY BRUNT SECRETARY/TEACHER 45.00 5.00 X X 59893 0 14865 NANCY MOE BOARD MEMBER/TEACHER 45.00 X 53073 0 13280 SCOTT GANGL FORMER BOARD MEMBER/TEACHE 40.00 X 45836 0 10710 DAVE LUCAS BOARD CHAIR 10.00 5.00 X X 0 0 0 TOM SAGSTETTER VICE CHAIR 5.00 5.00 X X 0 0 0 JOSEPH THOMAS TREASURER 5.00 X X 0 0 0 CORY TAYLOR BOARD MEMBER 5.00 X 0 0 0 KEVE ISREALSON BOARD MEMBER 5.00 X 0 0 0 575625 0 121460 3 1 1 0 NORTHSTAR BUS LINES LLC 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 340836 BERGANKDV OUTSOURCED SERVICES 220 PARK AVENUE S ST CLOUD MN 56301 ACCOUNTING SERVICES 113310 HERITAGE CONSTRUCTION SERVICES 10908 171ST AVE NW C ELK RIVER MN 55330 CONSTRUCTION 101290 ANOKA-RAMSEY COMMUNITY COLLEGE 11200 MISSISSIPPI BLVD NW COON RAPIDS MN 55433 EDUCATION 100375 4 9634823 19851 9654674 FEES FROM PATRONS 611600 331053 331053 FOOD SALES 611710 90537 90537 MEDICAL ASSISTANCE 611600 1918 1918 423508 -4423 -4423 43867 0 43867 43867 43867 21379 7620 13759 13759 MISCELLANEOUS REVENUE 611600 24390 24390 24390 10155775 447898 0 53203 9800 9800 304647 143891 160756 114494 114494 4522444 3747046 775398 356895 297519 59376 525655 406146 119509 354981 289343 65638 5758 5758 128418 128418 436121 392922 43199 271339 164732 106607 287089 217868 69221 201980 201980 11172 9216 1956 179234 175005 4229 77864 77864 EQUIPMENT PURCHASES 1231360 1231360 STUDENT TRANSPORTATION 374488 374488 FOOD SERVICE 104898 104898 DUES & MEMBERSHIPS 80410 52253 28157 126830 117230 9600 9705877 8128055 1577822 0 X 867455 1416245 1129586 757618 759771 911929 12417 106946 1887074 1041070 775706 846004 2722137 2562958 6267072 6601700 632088 754457 9609 8590 21591 8429834 8070767 9093122 8833814 X -3580165 -3078118 754115 846004 0 0 -2826050 -2232114 6267072 6601700 X 449898 144038 X X 0 1 X 1 0 X -900 900 -1582 7000 6318 -900 7718 9300 -1582 399192 306046 93146 1487882 735024 752858 846004 DEFERRED OUTFLOWS - PENSION 2297260 DUE FROM SPECTRUM BUILDING COMPANY 265698 2562958 NET PENSION LIABILITY 3145434 DEFERRED INFLOWS - PENSION 4925333 8070767 10137148 -18627 -18627 10155775 0 10155775 9661809 1334738 1334738 8327071 1378806 1378806 9705877 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS SENT DIRECTLY TO THE COLLEGE OR UNIVERSITY OF CHOICE FOR THE STUDENT SELECTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY REVENUES 714. GASB 68 PENSIONS -19,341. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY EXPENSES 1,498,117. GASB 68 PENSIONS -163,379. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT 1,378,806. 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 COMMUNICATED ON OUR WEBSITE IN ALL SOLICITATION AND REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. 0 COLLEGE SCHOLARSHIPS 19 9800 X X 0 0 0 0 0 0 0 0 0 DAN DEBRUYN EXECUTIVE DIRECTOR 136640 0 0 0 1100 0 11460 0 9569 0 158769 0 0 0 JESSICA FAVRE KEMNITZ FORMER BOARD MEMBER/TEACHE 54305 0 0 0 7293 0 5169 0 9390 0 76157 0 0 0 SCOTT GANGL FORMER BOARD MEMBER/TEACHE 39474 0 0 0 6362 0 3797 0 6913 0 56546 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION REVISED THEIR ARTICLES OF INCORPORATION ON APRIL 28, 2022 TO ADJUST SECTION 2 - NUMBER, TENURE AND QUALIFICATIONS - SECTION 2. NUMBER, TENURE AND QUALIFICATIONS. AT THE TIME OF ELECTION, THE BOARD OF DIRECTORS SHALL BE COMPOSED OF NOT LESS THAN FIVE (5) BUT NOT MORE THAN SEVEN (7) NONRELATED MEMBERS AND INCLUDE: (I) TWO (2) LICENSED TEACHERS EMPLOYED AT THE SCHOOL OR PROVIDING INSTRUCTION UNDER CONTRACT BETWEEN THE CHARTER SCHOOL AND A COOPERATIVE; (II) AT LEAST TWO (2), BUT NOT MORE THAN FOUR (4)PARENTS OR LEGAL GUARDIANS OF A STUDENT ENROLLED IN THE CHARTER SCHOOL, WHO ARE NOT AN EMPLOYEE OF THE SCHOOL; AND (III) AT LEAST ONE (1), BUT NOT MORE THAN TWO (2) INTERESTED COMMUNITY MEMBER(S) WHO RESIDE(S) IN MINNESOTA, IS/ARE NOT EMPLOYED BY THE CHARTER SCHOOL, AND DO(ES) NOT HAVE A CHILD ENROLLED IN THE SCHOOL. CHARTER SCHOOL EMPLOYEES SHALL NOT SERVE ON THE BOARD UNLESS ITEM (I) APPLIES. CONTRACTORS PROVIDING FACILITIES, GOODS, OR SERVICES TO THE SCHOOL SHALL NOT SERVE ON THE BOARD. AN INDIVIDUAL MAY NOT SERVE ON THE BOARD IF AN IMMEDIATE FAMILY MEMBER IS AN EMPLOYEE OF THE SCHOOL. THE DEFINITION OF IMMEDIATE MEMBERS IS DEFINED BY MINNESOTA STATE STATUES, SECTION, 124E.02(B)(3). THE EXECUTIVE DIRECTOR AND SUCH OTHER PERSONS AS THE BOARD MAY DETERMINE FROM TIME-TO-TIME SHALL BE NON-VOTING EX-OFFICIO DIRECTORS . SEE MINN. STAT. 124E FOR CONFLICT OF INTEREST ISSUES, FURTHER GUIDANCE, AND UPDATES. FORM 990, PART VI, SECTION A, LINE 7A STATUTORY ELIGIBLE VOTERS. IN ACCORD WITH MINN. STAT. 124E, AND AS MAY BE AMENDED FROM TIME TO TIME, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT WITH A COOPERATIVE, ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND ALL MEMBERS OF THE BOARD OF DIRECTORS ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE PROCESS AND PROCEDURES FOR CHANGING THE BOARD'S GOVERNANCE STRUCTURE WILL REMAIN CONSISTENT WITH CHAPTER 317A AND MINNESOTA STATUTES, SECTION 124E.07, SUBDIVISION 4. THE BOARD MAY CHANGE ITS GOVERNANCE STRUCTURE ONLY: (1) BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND A MAJORITY VOTE OF THE LICENSED TEACHERS EMPLOYEED BY THE SCHOOL AS TEACHERS, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT BETWEEN THE SCHOOL AND A COOPERATIVE; AND (2) WITH THE AUTHORIZER'S APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO APPROVAL AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C EVERY TRANSACTION BEING PROCESSED OR DISCUSSED IS EVALUATED FOR ANY CONFLICT OF INTEREST DETERMINATION. DURING BOARD MEETINGS WHEN DISCUSSIONS ARISE REGARDING PROPOSED PLANS OR PURCHASES, BOARD MEMBERS ARE INFORMED ABOUT THEIR POSSIBILITY OF CONFLICT. IT IS ALSO NOTED TO EMPLOYEES THAT, IF THEY HAVE ANY ROLE IN A COMPANY WITH WHICH THE SCHOOL DOES BUSINESS, THEY MAY BE IN CONFLICT AND THE SCHOOL MAY NOT BE ABLE TO CONDUCT BUSINESS WITH THAT COMPANY. FORM 990, PART VI, SECTION B, LINE 15 SPECTRUM USES A REVIEW PROCESS OF OTHER AREA PUBLIC CHARTER AND TRADITIONAL PUBLIC SCHOOLS IN DETERMINING THE SALARY COMPENSATION FOR EMPLOYEES OF THE DISTRICT. THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BASED ON COMPARABLE SALARIES OF OTHER PUBLIC CHARTER AND TRADITIONAL PUBLIC LOCAL SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE 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 A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. NANCY MOE AND TONY BRUNT 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 144,038. 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 THE PRIOR YEAR. SPECTRUM BUILDING COMPANY 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 260425207 HOLD AND LEASE SCHOOL FACILITY MN 501(C)(3) LINE 12A, I SPECTRUM HIGH SCHOOL 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 SPECTRUM BUILDING COMPANY K 1378806 LEASE AGREEMENT SPECTRUM BUILDING COMPANY D 265698 CASH BALANCE