2022-05-16T17:03:55-05:00 2021-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2020-07-01 453597879 UPPER MISSISSIPPI ACADEMY UPPE 6515288091 19 E EXCHANGE ST ST PAUL MN 55101 AMY ERICKSON EXECUTIVE DIRECTOR 6515288091 2022-05-11 1 AMY ERICKSON 999009999 KATHLEEN NEW CPA P01320485 5157275700 2022-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHAD LAUBER 19 E EXCHANGE ST ST PAUL MN 55101 5409637 0 X WWW.UMISSACADEMY.ORG X 2011 MN A COLLABORATIVE COMMUNITY ENGAGING LIFELONG LEARNERS IN ACTIVE, AUTHENTIC EXPERIENCES. 8 5 71 0 0 0 4754635 5392842 38614 3388 454 -179 23442 12404 4817145 5408455 0 0 0 0 3078554 3443714 0 0 0 1599486 1548502 4678040 4992216 139105 416239 3541560 3563323 4980096 4951022 -1438536 -1387699 UPPER MISSISSIPPI ACADEMY IS A COLLABORATIVE COMMUNITY ENGAGING LIFELONG LEARNERS IN ACTIVE, AUTHENTIC EXPERIENCES. 0 0 4504419 15762 THIS PAST YEAR REPRESENTED THE EIGHTH FULL YEAR OF OPERATION AS A MN PUBLIC CHARTER SCHOOL. WE HAD APPROXIMATELY 280 STUDENTS IN GRADES 6 - 12. 4504419 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 71 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 0 0 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 X DINA BERRAY FORMER DIRECTOR/TEACHER 40.00 X 55297 0 19303 GENNA THOMPSON TREASURER/ TEACHER 42.00 X X 58965 0 12632 ELLA KEARNEY MEMBER/TEACHER 42.00 X 53119 0 10986 JEAN FAWVER MEMBER/TEACHER 42.00 X 50908 0 10158 AMY ERICKSON EXECUTIVE DIRECTOR 40.00 X 47493 0 10254 CHRIS MORTENSON FORMER MEMBER/TEACHER 40.00 X 28341 0 3626 LESLEY ERNST FORMER SECRETARY/TEACHER 40.00 X 27244 0 2839 CHAD LAUBER CHAIRPERSON 10.00 X X 0 0 0 ZOE BREIMHORST VICE CHAIR 2.00 X X 0 0 0 DAVID BORN SECRETARY 2.00 X X 0 0 0 PAT MAXWELL MEMBER 2.00 X 0 0 0 CASSIE ROUSE MEMBER 2.00 X 0 0 0 321367 0 69798 0 1 0 0 MONARCH BUS SERVICE INC 101 EAST 10 STREET STE 300 HASTINGS MN 55033 TRANSPORTATION 275248 1 25583 5334172 33087 5392842 FOOD SALES TO PUPILS 611710 1187 1187 FEES FROM PATRONS 611710 1176 1176 MEDICAL ASSISTANCE 611710 1025 1025 3388 81 81 260 -260 -260 -260 0 25583 130 -130 -130 952 792 160 160 MISCELLANOUS INCOME 900099 12374 12374 12374 5408455 15762 0 -149 305288 190500 114788 68344 68344 2420255 2294417 125838 193059 184303 8756 235934 219129 16805 220834 190661 30173 1518 1518 73412 73412 163603 134226 29377 46402 29390 17012 138436 102804 35632 727689 727689 8850 8850 24301 16252 8049 33918 33918 STUDENT TRANSPORTATION 268015 268015 INSTRUCTIONAL SUPPLIES 28279 28279 DUES & MEMBERSHIPS 26437 26437 FIELD TRIPS 3832 3832 3810 3810 4992216 4504419 487797 0 X 363743 552682 451520 810977 401218 491314 103612 21139 346741 148561 213371 198180 2008096 1489031 3541560 3563323 347245 471834 90000 90000 4542851 4389188 4980096 4951022 X -1561907 -1495879 123371 108180 0 0 -1438536 -1387699 3541560 3563323 X 416239 -365402 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119360 11832 107528 227381 136729 90652 198180 DEFERRED OUTFLOWS - PENSION 1489031 1489031 NET PENSION LIABILITY 2831423 DEFERRED INFLOWS - PENSION 1557765 4389188 X 5428255 19800 19800 5408455 0 5408455 5377418 385202 385202 4992216 0 4992216 PART X, LINE 2: THE CHARTER SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CHARTER SCHOOL ALSO QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER APPLICABLE STATUTES OF THE STATE OF MINNESOTA. MANAGEMENT BELIEVES THAT IT IS NOT REASONABLY POSSIBLE FOR ANY TAX POSITION BENEFITS TO INCREASE OR DECREASE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. AS OF JUNE 30, 2021, THERE WERE NO INCOME TAX RELATED ACCRUED INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENT OF FINANCIAL POSITION OR THE STATEMENT OF ACTIVITIES. THE CHARTER SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND IN THE MINNESOTA STATE JURISDICTION. U.S. FEDERAL RETURNS AND MINNESOTA RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE CLOSED. NO RETURNS ARE CURRENTLY UNDER EXAMINATION IN ANY TAX JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: GASB 68 PENSIONS 19,540. LOSS ON DISPOSALS RECLASS 260. PART XII, LINE 2D - OTHER ADJUSTMENTS: GASB 68 PENSIONS 384,942. LOSS ON DISPOSALS RECLASS 260. 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 THROUGH MATERIALS MAILED TO FAMILIES WITH SCHOOL-AGED CHILDREN. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. SPRING GALA 25583 25583 130 25583 25583 130 130 -130 X X 0 0 0 0 0 0 0 0 0 DINA BERRAY FORMER DIRECTOR/TEACHER 55297 0 0 0 0 0 4781 0 14522 0 74600 0 0 0 CHRIS MORTENSON FORMER MEMBER/TEACHER 28341 0 0 0 0 0 2206 0 1420 0 31967 0 0 0 LESLEY ERNST FORMER SECRETARY/TEACHER 27244 0 0 0 0 0 2256 0 583 0 30083 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF BOARD MEMBERS SHALL BE HELD ANNUALLY. EACH PARENT AND LEGAL GUARDIAN OF A CHILD ENROLLED AT THE SCHOOL AND EACH EMPLOYEE OF THE SCHOOL, AND EACH MEMBER OF THE BOARD OF DIRECTORS SHALL HAVE THE RIGHT TO CAST ONE BALLOT FOR ITS BOARD CANDIDATES. A PARENT/LEGAL GUARDIAN OF A CHILD ENROLLED AT THE SCHOOL WHO IS ALSO EMPLOYED AT THE SCHOOL SHALL HAVE THE RIGHT TO CAST ONE BALLOT FOR ITS BOARD CANDIDATES. ELECTIONS SHALL BE DECIDED BY A MAJORITY OF THE ELIGIBLE BALLOTS CAST. TIES SHALL BE DECIDED VIA SIMPLE COIN FLIP OR ALTERNATIVE MEANS AGREED TO BY AFFECTED CANDIDATES. FORM 990, PART VI, SECTION A, LINE 8B THE ACADEMY DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE SCHOOL ACCOUNTANT. PRIOR TO FILING THE FORM 990, MEMBERS OF THE FINANCE COMMITTEE WILL CONDUCT A DETAIL REVIEW AND PROVIDE THE APPROVED PUBLIC DISCLOSURE DRAFT OF THE FORM 990 TO THE FULL BOARD OF DIRECTORS FOR ANY CHANGE REQUESTS OR QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C AT EACH BOARD MEETING, ALL MEMBERS ARE REQUESTED TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT AROSE SINCE THE PRIOR MEETING. ANY CONFLICT ARE DISCUSSED AND DOCUMENTED IN THE BOARD MEETING MINUTES. ON AN ANNUAL BASIS, ALL BOARD MEMBERS SIGN CONFLICT OF INTEREST STATEMENTS FOR BOTH THE SCHOOL AND AUTHORIZER, PER POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE 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. GENNA THOMPSON, ELLA KEARNEY, AND JEAN FAWVER ARE BOARD MEMBERS BUT RECEIVE 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 -384,942. DIRECT AID CONTRIBUTIONS RELATING TO NET PENSION LIABILITIES 19,540. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, THE REVIEW OF THE FINANCIAL STATEMENTS, AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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. UPPER MISSISSIPPI ACADEMY PTO 19 E EXCHANGE ST ST PAUL MN 55101 472409633 PARENT ORGANIZATION MN 501(C)(3) LINE 12 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0