2025-05-14T07:58:13-05:00 2024-06-30 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2023-07-01 203107105 SEVEN HILLS PREPARATORY ACADEMY SEVE 6123147600 1401 WEST 76TH STREET RICHFIELD MN 55423 ED FELLOWS EXECUTIVE DIRECTOR 6123147600 2025-04-30 1 0 MICHELLE M HEKEL P01440878 3192346885 2025-04-30 2023 2025-03-06 01:10:19Z X ED FELLOWS 1401 WEST 76TH STREET RICHFIELD MN 55423 17831822 0 X SEVENHILLSPREPARATORYACADEMY.ORG X 2006 MN SEVEN HILLS PREPARATORY ACADEMY PREPARES EACH STUDENT FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING. 10 6 211 73 0 0 15872533 17293887 347922 307511 0 3917 187463 226507 16407918 17831822 0 0 0 0 10493144 11002300 0 0 0 5726583 6792460 16219727 17794760 188191 37062 11016543 9443577 14870078 13556791 -3853535 -4113214 X SEVEN HILLS PREPARATORY ACADEMY (SHPA) ENGAGES STUDENTS IN A RIGOROUS CLASSICAL EDUCATION, DESIGNED TO PREPARE EACH ONE FOR STRONG CITIZENSHIP AND LIFE-LONG LEARNING. 0 0 16345121 488991 SHPA IS AN AWARD-WINNING K-8 CHARTER PUBLIC SCHOOL WITH CAMPUSES IN BLOOMINGTON AND RICHFIELD. SHPA OFFERS A CLASSICAL EDUCATION MODEL GROUNDED IN THE LIBERAL ARTS AND DESIGNED TO ENGAGE STUDENTS IN A RIGOROUS, CONTENT-RICH CURRICULUM. SEVEN HILLS STUDENTS LEARN RESPONSIBLE STUDY HABITS, CRITICAL THINKING SKILLS, AND ROBUST DEBATE PRACTICES TO PREPARE THEM TO EMBARK ON A JOYFUL PURSUIT OF HARD-EARNED WISDOM. SEVEN HILLS OFFERS A COMPREHENSIVE CHARACTER EDUCATION PROGRAM, PROMOTING VALUES OF RESPECT, COMPASSION, AND SELF-CONTROL AND ASPIRING TOWARD THE CLASSICAL VIRTUES OF TRUTH, BEAUTY, AND GOODNESS. SEVEN HILLS IS COMMITTED TO EDUCATIONAL EQUITY AND BELIEVES IN THE INHERENT VALUE OF AN INCLUSIVE LEARNING ENVIRONMENT WHERE STUDENTS AND STAFF FROM ALL BACKGROUNDS WORK HARD TO PREPARE FOR A DIVERSE AND DEMOCRATIC WORLD IN WHICH THEY MAKE LASTING CONTRIBUTIONS.SHPA SERVED 1,135 STUDENTS DURING THE FISCAL YEAR. 16345121 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 21 0 1 211 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X ED FELLOWS 6123147600 1401 WEST 76TH STREET RICHFIELD MN 55423 X HADLEY SAYOTOVICH DIRECTOR/TEACHER 41.00 0.00 X 59603 0 12381 CHRISTOPHER LAMPRECHT DIRECTOR/TEACHER 41.00 0.00 X 74983 0 6791 DANA BANITT DIRECTOR/TEACHER 41.00 0.00 X 52775 0 11987 ERIN BOHLER DIRECTOR/TEACHER 41.00 0.00 X 70663 0 18812 WES WAHLBERG CHAIR 1.00 0.00 X X 0 0 0 LISA BARNIDGE VICE CHAIR 1.00 0.00 X X 0 0 0 STEPHANIE GRACZAK SECRETARY 1.00 0.00 X X 0 0 0 MICHAEL MEYER TREASURER 1.00 0.00 X X 0 0 0 TERON BUFORD DIRECTOR 1.00 0.00 X 0 0 0 ALLISON PETERSON DIRECTOR 1.00 0.00 X 0 0 0 CAROLYN FARRELL INTERIM EXECUTIVE DIRECTOR 41.00 0.00 X 114101 0 19886 BRENT PETERSON PRINCIPAL 41.00 0.00 X 108944 0 10245 481069 0 80102 2 0 0 0 ACADEMY OF HOLY ANGELS 660 NICOLLET AVE S RICHFIELD MN 55423 TRANSPORTATION 601480 CKC GOOD FOOD PO BOX 583598 MINNEAPOLIS MN 55458 FOOD SERVICE 541222 40 SCHOOL SERVICES PO BOX 150 ST PETER MN 56082 TRANSPORTATION 540099 4MATIV TECHNOLOGIES INC 959 DAYTON AVE SAINT PAUL MN 55104 TRANSPORTATION 303580 STRATEGIC STAFFING PO BOX 276 MOUNT PLEASANT SC 29465 SPECIAL ED AND SUBSTITUTE SERVICES 167404 8 17272442 21445 17293887 FEES FROM PATRONS 611710 306557 306557 FOOD SALES 611710 954 954 307511 3917 3917 45027 0 45027 45027 45027 INSURANCE RECOVERY 611710 125304 125304 MISCELLANEOUS 611710 30589 30589 E-RATE DISCOUNTS 611710 25587 25587 181480 17831822 488991 0 48944 X 480398 336822 143576 7888285 7525377 362908 799451 640633 158818 1178022 1060164 117858 656144 613012 43132 212097 212097 27843 27843 3253708 3161454 92254 188571 102503 86068 200473 64368 136105 1208393 1208393 125142 118353 6789 94791 94791 746332 736029 10303 64024 64024 INSTRUCTIONAL SUPPLIES 385440 385440 EQUIPMENT RENTAL AND MA 170134 170134 DUES & MEMBERSHIPS 57567 6950 50617 FIELD TRIPS 55879 55879 2066 795 1271 17794760 16345121 1449639 0 X 1103355 844795 2721116 3036509 137098 31670 1282202 822113 532422 460089 6522552 5070514 11016543 9443577 1116477 1559258 33731 500000 13219870 11997533 14870078 13556791 X 0 0 0 0 -3853535 -4113214 -3853535 -4113214 11016543 9443577 X 37062 -296741 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19259 6166 13093 1262943 815947 446996 460089 DEFERRED OUTFLOWS RELATED TO PENSION 2785247 RIGHT OF USE - LEASED BUILDINGS 1934452 DUE FROM SHPA ABC BUILDING COMPANY 350815 5070514 NET PENSION LIABILITY 9183623 DEFERRED INFLOWS RELATED TO PENSIONS 501736 RIGHT OF USE - LEASE LIABILITY 2070334 DEFERRED INFLOW RELATED TO LEASE RECEIVABLE 241840 11997533 X PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE BASIC FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 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 LISTED ON THE WEBSITE AND IN ALL RECRUTIMENT AND ENROLLMENT MATERIALS. SCHEDULE E, PART I, LINE 6 AS A PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE AND FEDERAL FUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL NOT HAVE CAPITAL STOCK. THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF ONE OR MORE CLASSES. THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO ESTABLISH ONE OR MORE CLASSES OF MEMBERSHIP AND SHALL FIX THE VOTING POWER, RIGHTS AND PREFERENCES OF EACH CLASS IN THE BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A ON OR BEFORE FEBRUARY 15 OF EACH SCHOOL YEAR, THE CHAIR WILL APPOINT AN ELECTION COMMITTEE CONSISTING OF ONE OR MORE PARENTS OF STUDENTS ENROLLED AT SEVEN HILLS PREPARATORY ACADEMY, ONE OR MORE STAFF MEMBERS EMPLOYED BY THE CORPORATION, AND SUCH OTHER INDIVIDUALS AS THE CHAIR SEES FIT. THE ELECTION COMMITTEE MAY NOMINATE AT LEAST ONE CANDIDATE FOR EACH SEAT ON THE BOARD HELD BY A DIRECTOR WHOSE TERM WILL EXPIRE DURING THAT SCHOOL YEAR. THE COMMITTEE MUST SUBMIT ITS NOMINATIONS TO THE BOARD IN WRITING ON OR BEFORE MARCH 15. THE BOARD OF DIRECTORS MUST ACCEPT THE NOMINATIONS, BUT MAY NOMINATE ADDITIONAL CANDIDATES AS WELL. IF, ON OR BEFORE MARCH 15, A LICENSED TEACHER WHO IS EMPLOYED BY THE CORPORATION AS A TEACHER, OR A PARENT OR LEGAL GUARDIAN OF A CHILD ENROLLED AT SEVEN HILLS PREPARATORY ACADEMY, OR A COMMUNITY MEMBER SUBMITS A WRITTEN NOTICE TO THE BOARD SEEKING TO BE NOMINATED FOR ELECTION TO THE BOARD, THE BOARD MUST ACCEPT THAT NOMINATION. ON OR BEFORE MAY 15, THE BOARD MUST HOLD AN ELECTION IN A MANNER THAT THE BOARD SEES FIT TO DETERMINE WHICH CANDIDATES WILL BE ELECTED TO THE BOARD. THE FOLLOWING INDIVIDUALS MAY VOTE IN THE ELECTION: STAFF MEMBERS WHO ARE EMPLOYED BY THE CORPORATION (INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT WITH A COOPERATIVE), MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL. THE CORPORATION MUST NOTIFY ELIGIBLE VOTERS OF THE BOARD ELECTION DATE(S) AT LEAST THIRTY DAYS BEFORE THE ELECTION. VOTING WILL BE BY BALLOT. THE BALLOTS WILL BE COUNTED BY A PERSON SELECTED BY THE BOARD. THE COUNTING OF THE BALLOTS WILL BE WITNESSED BY A THIRD PARTY AND WILL BE PROMPTLY REPORTED TO THE BOARD. THE PERSONS RECEIVING THE GREATEST NUMBER OF VOTES SUBJECT TO THE COMPOSITION REQUIREMENTS IN ARTICLE IV, SECTION 3A SHALL BE ELECTED FOR THE OPEN SEATS ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE, THEN SENT TO THE BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND OFFICERS ARE REQUIRED TO SUBMIT AN ANNUAL STATEMENT THAT DISCLOSES ANY RELATIONSHIPS THAT MAY GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS AND SCHOOL ADMINISTRATORS COMPLETE REQUIRED TRAINING ON WHAT MAY CONSTITUTE A CONFLICT OF INTEREST AND BOTH REVIEW THE CONFLICT OF INTEREST ANNUAL STATEMENTS AND CONFLICTS THAT ARISE DURING THE YEAR. ANY DIRECTOR WHO HAS A POTENTIAL CONFLICT OF INTEREST IN A TRANSACTION THAT IS BEING CONTEMPLATED BY THE BOARD, OR HAS A RELATIONSHIP WITH ANY PERSON WHO MAY BE INVOLVED IN SUCH A TRANSACTION, MUST FULLY DISCLOSE TO THE BOARD THE EXISTENCE OF THE INTEREST OR RELATIONSHIP. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST MAY NOT PARTICIPATE IN THE DISCUSSION NOR THE VOTE ON THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE NOTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OVERSEES A BIENNIAL COMPENSATION ANALYSIS THAT INVOLVES A COMPARATIVE REVIEW OF AREA CHARTER SCHOOLS AND RESIDENT DISTRICTS, AS WELL AS A REVIEW OF EXISTING SALARY BANDS FOR STAFF IN ADDITION TO AN ANNUAL RUBRIC-BASED EVALUATION OF ADMINISTRATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A: PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. CHRISTOPHER LAMPRECHT, HADLEY SAYOTOVICH, ERIN BOHLER AND DANA BANITT ARE BOARD MEMBERS, BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS. FORM 990, PART IX, LINE 11G TRANSPORTATION : PROGRAM SERVICE EXPENSES 1,591,778. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,591,778. FOOD SERVICE: PROGRAM SERVICE EXPENSES 932,328. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 932,328. OTHER: PROGRAM SERVICE EXPENSES 637,348. MANAGEMENT AND GENERAL EXPENSES 92,254. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 729,602. 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: GASB 68 - PENSION ADJUSTMENT -296,741. SHPA ABC 1401 WEST 76TH STREET RICHFIELD MN 55423 300961319 TO ACQUIRE A FACILITY FOR SEVEN HILLS PREPARATORY ACADEMY MN 501(C)(3) LINE 12A, I SEVEN HILLS PREPARATORY ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 SHPA ABC K 951661 LEASE AGREEMENT SHPA ABC D 350815 CASH TO BE RECEIVED