2022-05-11T09:46:56-05:00 2021-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2020-07-01 753155906 LOVEWORKS ACADEMY FOR VISUAL AND PERFORMANCE ARTS LOVE 7635226830 900 MT CURVE AVENUE MINNEAPOLIS MN 55403 ARTHUR TURNER EXECUTIVE DIRECTOR 7635226830 2022-05-03 1 ARTHUR TURNER 999009999 KATHLEEN NEW CPA P01320485 5157275700 2022-05-03 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z RAYGEN GIPSON 900 MT CURVE AVENUE MINNEAPOLIS MN 55403 2698924 0 X WWW.LWA-ARTS.ORG X 2005 MN TO EDUCATE AND DEVELOP THE WHOLE CHILD MENTALLY, INTELLECTUALLY, PHYSICALLY, AND ARTISTICALLY. 4 4 39 0 0 0 2744684 2695472 0 0 0 0 3595 3452 2748279 2698924 0 0 0 0 1497553 1437378 0 0 0 1352243 1153809 2849796 2591187 -101517 107737 1690907 1217250 3915270 3291004 -2224363 -2073754 TO PROMOTE AND CLEARLY DEFINE HIGH EXPECTATIONS OF ALL LEARNERS, WHILE CONTINUOUSLY EVALUATING AND IMPROVING THE CURRICULUM AND TEACHING METHODS, IN ORDER TO HELP STUDENTS MEET AND EXCEED ACADEMIC GOALS. 0 0 2199776 3452 LOVEWORKS ACADEMY PROVIDES K-8 EDUCATION, EMPHASIZING A NURTURING ENVIRONMENT WITH A MULTIDISCIPLINARY APPROACH TO ACADEMICS. THE LIBERAL ARTS CURRICULA AND TEACHING METHODS ARE EVALUATED AND CONTINUOUSLY IMPROVED, HIGH EXPECTATIONS ARE CLEARLY DEFINED AND INTELLECTUAL RIGOR IS UTILIZED TO ADDRESS THE LEARNING NEEDS OF ALL LEARNERS. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2021 WAS 145. 2199776 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 0 0 0 1 12 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 MN X DESIGNS FOR LEARNING 6516450200 2233 UNIVERSITY AVE W ST PAUL MN 55114 ZACH HACH SECRETARY/TEACHER 41.00 X X 44544 0 2423 RAYGEN GIPSON BOARD CHAIR 1.00 X X 0 0 0 JAMES EWER TREASURER 1.00 X X 0 0 0 RYAN HAMILTON MEMBER 1.00 X 0 0 0 JIDANA COOK MEMBER 1.00 X 0 0 0 ARTHUR TURNER III EXECUTIVE DIRECTOR 45.00 X 98589 0 7906 143133 0 10329 0 0 0 0 4MATIVE TECHNOLOGIES 959 DAYTON AVE ST PAUL MN 55104 TRANSPORTATION 346671 DESIGNS FOR LEARNING 2233 UNIVERSITY AVE W ST PAUL MN 55114 GENERAL SUPPORT 157508 2 2595462 100010 2695472 MISCELLANEOUS REVENUE 611710 3452 3452 3452 2698924 3452 0 0 167677 167677 1016297 831701 184596 79280 64820 14460 87426 71555 15871 86698 73151 13547 13495 13495 3255 3255 90919 90919 95285 78498 16787 20798 20060 738 37552 21742 15810 397004 397004 1750 1200 550 22226 22226 20445 20445 STUDENT TRANSPORTATION 299892 299892 FOOD SERVICE 81377 81377 REPAIRS AND MAINTENANCE 39281 39281 DUES AND MEMBERSHIPS 21734 367 21367 8796 8780 16 2591187 2199776 391411 0 X 76880 240256 349859 181902 15208 19608 360159 291568 43736 68591 1205224 706893 1690907 1217250 304751 221688 348618 348618 3261901 2720698 3915270 3291004 X -2268099 -2142345 43736 68591 0 0 -2224363 -2073754 1690907 1217250 X 107737 42872 X X 0 1 X 1 0 X 360159 291568 68591 68591 DEFERRED OUTFLOWS RELATED TO PENSIONS 706893 706893 NET PENSION LIABILITY 1316856 DEFERRED INFLOWS RELATED TO PENSIONS 1403842 2720698 X 2706861 7937 7937 2698924 0 2698924 2556252 -34935 -34935 2591187 0 2591187 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 FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES REALTED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GASB 68 7,937. PART XII, LINE 2D - OTHER ADJUSTMENTS: GASB 68 -34,935. 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 IN THE HANDBOOK AND ENROLLMENT BROCHURE AS WELL AS BROADCAST MEDIA. SCHEDULE E, PART I, LINE 6 AS A MINNESOTA PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. FORM 990, PART VI, SECTION A, LINE 3 LOVEWORKS ACADEMY FOR ARTS (LWA) ENTERED INTO A LEASE TERMINATION AGREEMENT WITH ST. MARAGRET MARY CHURCH (GOLDEN VALLEY) 2020 FOR ONE YEAR AND ENTERED INTO A FIVE YEAR LEASE WITH FIRST UNITARIAN SOCIETY OF MINNEAPOLIS (900 MOUNT CURVE AVENUE - MINNEAPOLIS MN 55403). ALL TERMS OF THE LEASE TERMINATION AGREEMENT HAVE BEEN MET AS OF JUNE 2021. LWA BOARD ELECTED ARTHUR C. TURNER, III AS THE EXECUTIVE DIRECTOR AND MANAGEMENT ENTITY TO PROVIDE LEADERSHIP FOR ALL FACETS OF THE ACADEMY'S PROGRAMMING, OPERATIONAL AND ACADEMIC, AND IS THE SOLE REPORT TO THE ACADEMY'S BOARD OF DIRECTORS. LWA EXECUTIVE DIRECTOR HAS HIRED RODNEY FULLER, PRESIDENT OF PURSUE YOUR EXCELLENCE, TO SUPPORT LWA ON TURNAROUND EFFORTS, SPECIFICALLY BUILDING CAPACITY IN BOARD GOVERNANCE, EXECUTIVE LEADERSHIP, INSTRUCTIONAL AND CULTURE DEVELOPMENT. THIS PARTNERSHIP INCLUDES DIFFERENTIATED MENTORING FOR LWA SCHOOL LEADERSHIP AND STAFF RECRUITMENT SUPPORT. LWA BOARD HAS CONTRACTED WITH DESIGNS FOR LEARNING FOR ACCOUNTING, WORKING WITH THE EXECUTIVE DIRECTOR ON ALL FINANCE OPERATIONS FOR LWA. FORM 990, PART VI, SECTION A, LINE 7A AS PER MN STATUTE 124E.07, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE BOARD OF DIRECTORS/SCHOOL MANAGEMENT WILL REVIEW THE FROM 990 PRIOR TO FILING WITH THE IRS WITHIN 72 HOURS AFTER RECEIPT. COPIES WILL BE MADE AND PRESENTED VIA EMAIL OR IN-PERSON TO ALL MEMBERS OF THE BOARD AND MANAGEMENT. ANY CHANGES TO BE MADE OR ADDRESSED IN THE FISCAL RESPONSIBILITIES OF THE SCHOOL WILL BE PROPOSED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, AND EMPLOYEES WITH THE POWER TO INFLUENCE ACTIONS UNDERTAKEN. ALL COVERED INDIVIDUALS ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE FORM. ON-GOING DISCLOSURES OF POTENTIAL CONFLICTS SHALL BE REPORTED TO THE CEO OR THE BOARD CHAIR, WHO WILL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF TO DETERMINE IF A CONFLICT EXISTS. TRANSACTIONS WITH CONFLICTS OF INTEREST MAY BE UNDERTAKEN IF THE CONFLICT IS FULLY DISCLOSED, THE CONFLICTED INDIVIDUAL IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF THE TRANSACTION, A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS, AND THE BOAR/COMMITTEE HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE SCHOOL. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST WILL BE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL DETERMINES THE SCHOOL OFFICERS' COMPENSATION ANNUALLY, BASED ON MARKET RESEARCH. THE BOARD OF DIRECTORS REVIEWS AND APPROVES MANAGEMENT COMPENSATION, INCLUDING INCREASE PROPOSALS. COMPARABILITY DATA AND SURVEYS OF OTHER ORGANIZATIONS HAVE BEEN USED IN THE PAST. ANOTHER OPTION THE BOARD WOULD USE IS A REVIEW OF FORM 990'S FROM OTHER SIMILAR SIZED ORGANIZATIONS. THE PROCESS AND DECISIONS ARE CONDUCTED AND SUBSTANTIATED WITH MEETING MINUTES, WRITTEN EMPLOYMENT CONTRACTS, AND WRITTEN POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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 42,872. FIRM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.