2025-05-15T17:05:58-07:00 2024-06-30 Robert Reese Procaccini CPA 2489 Rice Street Suite 202 Roseville MN 55113 990 2023-07-01 260035570 NOVA CLASSICAL ACADEMY NOVA 6512096320 1455 Victoria Way Saint Paul MN 55102 Brett Wedlund Executive Director 6512096320 2025-05-15 1 1 Robert Procaccini P01890510 9529920995 2025-05-15 X 2023 2025-03-06 01:10:19Z Brett Wedlund 1455 Victoria Way Saint Paul MN 55102 15911570 0 X www.novaclassical.org X 2001 MN Offering a rigorous, through, systematic, and challenging classical education to K-12 students. 9 6 172 121 0 0 13742353 15151676 646355 449783 136233 310111 0 0 14524941 15911570 0 0 0 0 8028899 9936078 0 0 0 3336573 4696606 11365472 14632684 3159469 1278886 10961240 11312703 10379340 9451917 581900 1860786 Offering a rigorous, through, systematic, and challenging classical education to K-12 students. 0 0 12509548 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 12509548 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 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 0 0 0 1 43 0 172 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 150652 0 20741 Brooke Tousignant Lower School Principal 50 0 X 126898 0 18005 Missy Johnson Academic Director 50 0 X 106324 0 16511 Becky Lund Secretary 50 0 X X 84271 0 14801 Sasha Ross Treasurer 50 0 X X 57522 0 12151 Dr Jeremy Hubbell Director 50 0 X 54682 0 6208 Tamra Paschall Upper School Principal 50 0 X 50676 0 7670 Suzanne McInroy Chair 5 0 X X 0 0 0 Colleen Hansen Vice Chair 5 0 X X 0 0 0 Nneka Constantino Director 2 0 X 0 0 0 Bavi Weston Director 2 0 X 0 0 0 Theresa Nelson Director 2 0 X 0 0 0 Todd Sample Director 2 0 X 0 0 0 631025 0 96087 3 0 1 0 Pride Transportation Bus Services LLC 45 Ivy Ave W Saint Paul MN 55117 Transportation 528503 CKC Good Food PO Box 583598 Minneapolis MN 55458 Food Service 427549 Strategic Staffing Solutions PO Box 276 Mount Pleasant SC 29465 SpEd Services 236738 Blue Ribbon Cleaning 1525 Lockhorst Street Baldwin WI 54002 Cleaning Services 224495 Magill Accounting and Tax 21 Century Ave S Maplewood MN 55119 Accounting Services 113600 7 0 0 0 0 14063962 1087714 0 15151676 Student Program Fees 611710 449783 449783 0 0 0 0 0 0 449783 310111 310111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15911570 759894 0 0 897748 674909 222839 0 0 0 0 0 7092593 6386175 706418 0 687051 607962 79089 0 650633 547270 103363 0 608053 539208 68845 0 336504 0 336504 0 9726 0 9726 0 246474 0 246474 0 0 0 0 0 0 0 0 0 0 0 333151 333151 0 0 0 0 0 0 248491 125661 122830 0 254657 29045 225612 0 0 0 0 0 2377750 2377750 0 0 0 0 0 0 0 0 0 0 39516 38881 635 0 0 0 0 0 0 0 0 0 99785 99785 0 0 84253 84253 0 0 Instructional Materials 128407 128407 0 0 Transportation 598360 598360 0 0 Food Service 556386 555585 801 0 Pension Expenses per Actuary -616854 -616854 0 0 14632684 12509548 2123136 0 0 6293580 5847230 0 1391772 1785646 244175 72738 0 0 0 0 0 0 0 0 79860 102825 1403964 700348 388392 703616 0 0 0 0 3009811 2354298 10961240 11312703 829661 1166495 0 0 43970 68459 0 0 0 0 0 0 0 0 0 41643 9505709 8175320 10379340 9451917 X 379285 1157170 202615 703616 0 0 581900 1860786 10961240 11312703 1278886 0 0 0 0 0 X 0 1 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 1353872 689493 664379 0 50092 10855 39237 703616 Deferred Outflows - Pensions 2354298 2354298 Net Pension Liability 7015986 Deferred Inflows - Pensions 1159334 8175320 15911570 0 0 0 0 0 15911570 0 0 0 15911570 14632684 0 0 0 0 0 14632684 0 0 0 14632684 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. X X 0 0 0 0 0 0 0 0 0 Dr Brett Wedlund Executive Director 150652 0 0 0 0 0 0 0 20741 0 171393 0 0 0 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 for 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 Form 990 is reviewed by the the academy's outsourced accountant. The Executive Director reviews the draft of 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 minute minutes. Form 990, Part VI, Section B, Line 15 Compensation of the Executive Director (ED) was based o 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 1 0 0 1 1 0 1 1 0 0 0 0 Friends of Nova Classical Academy k 1622746 Lease Agreement