2022-05-13T09:49:54-05:00 2021-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2020-07-01 421625836 NEW MILLENNIUM ACADEMY NEWM 6123776260 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 KEVIN XIONG EXECUTIVE DIRECTOR 6123776260 2022-05-10 1 KEVIN XIONG 999009999 KATHLEEN NEW CPA P01320485 5157275700 2022-05-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEVIN XIONG 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 13749814 0 X WWW.NEWMILLENIUMACADEMY.ORG X 2004 MN DEVELOPING GLOBAL LEADERS WHO TRANSFORM THE WORLD. 8 5 133 0 0 0 10844809 13709178 26376 11858 33202 8464 6872 20017 10911259 13749517 0 0 0 0 6077386 6874243 0 0 0 4745244 4979737 10822630 11853980 88629 1895537 9467579 9494362 10620950 9111162 -1153371 383200 THE NEW MILLENNIUM ACADEMY COMMUNITY PREPARES LEARNERS FOR LIFE, ENGAGES THEM IN HIGH ACADEMIC ACHIEVEMENT, AND FOSTERS HMONG CULTURAL PRIDE AND IDENTITY. 0 0 10336278 31701 NMA PROVIDED PUBLIC SCHOOL ACADEMIC SERVICES TO AN AVERAGE OF 782 STUDENTS IN GRADES K-8 DURING THE 2020-2021 SCHOOL YEAR. SIXTY-FIVE PERCENT OF THESE STUDENTS CAME FROM LOW INCOME FAMILIES (QUALIFIED FOR FREE/REDUCED LUNCH). IN ADDITION, MANY QUALIFIED FOR EL SERVICES. THESE FACTORS GENERATE EXTRA FUNDING FROM THE STATE BUT ALSO GENERATE VARIOUS CHALLENGES. 10336278 1 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 13 0 1 133 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 X STEPHANIE STEEN PRINCIPAL 44.00 X 129635 0 17299 KEVIN XIONG EXECUTIVE DIRECTOR 44.00 X 62302 0 8258 HEIDI PENDROY FORMER MEMBER 44.00 X 60052 0 10834 BRIDGET MEALMAN SECRETARY 44.00 X X 48568 0 10660 JANIE YANG MEMBER 44.00 X 48137 0 11588 TERENCE JONES BOARD CHAIR 4.00 X X 0 0 0 KINLEY VANG VICE CHAIR 4.00 X X 0 0 0 CHONBURI LEE TREASURER 4.00 X X 0 0 0 KER VANG MEMBER 4.00 X 0 0 0 348694 0 58639 1 1 0 0 CARAVAN KIDS CATERING 1185 CONCORD EXCHANGE S SOUTH ST PAUL MN 55075 FOOD SERVICE 791554 OTS SERVICES 4200 THOMAS AVE NORTH MINNEAPOLIS MN 55412 TRANSPORTATION 444005 THRIVE EDUCATION 394 UNIVERSITY AVE WEST ST PAUL MN 55103 MANAGEMENT SERVICES 338873 BERGANKDV OUTSOURCED SERVICES 22488 CHIPPENDALE AVE WEST FARMINGTON MN 55024 ACCOUNTING SERVICES 119586 4 13549705 159473 13709178 MEDICAL ASSISTANCE 611710 11434 11434 FEES FROM PATRONS 611710 363 363 FOOD SALES TO ADULTS 611710 61 61 11858 8464 8464 471 297 174 174 MISCELLANEOUS REVENUE 900099 19843 19843 19843 13749517 31701 0 8638 285168 128196 156972 69126 69126 5077187 4381131 696056 389888 337527 52361 607286 531168 76118 445588 376510 69078 50000 50000 24010 24010 121550 121550 660042 591099 68943 324923 268024 56899 390505 306397 84108 1360337 1360337 54114 53918 196 13612 13612 120527 115101 5426 88252 88252 FOOD SERVICE 1160255 1160255 INSTRUCTIONAL SUPPLIES 307462 307462 STUDENT TRANSPORTATION 140807 140807 EQUIP RENTAL & MAINT 98533 98533 64808 8823 55985 11853980 10336278 1517702 0 X 595193 74172 2943997 3369617 1349883 1955925 48878 120370 1689753 502115 960445 1187638 3569183 2786640 9467579 9494362 539662 577365 10000 1356229 176700 8725059 8347097 10620950 9111162 X -2113816 -804438 960445 1187638 0 0 -1153371 383200 9467579 9494362 X 1895537 -358966 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 271380 45947 225433 1418373 456168 962205 1187638 DUE FROM NEW MILLENNIUM BUILDING COMPANY 12310 DEFERRED OUTFLOWS - PENSION 2774330 2786640 NET PENSION LIABILITY 4983278 DEFERRED INFLOWS - PENSION 3363819 8347097 13780391 30874 30874 13749517 0 13749517 12164939 1578335 1578335 10586604 1267376 1267376 11853980 PART XI, LINE 2D - OTHER ADJUSTMENTS: NEW MILLENNIUM BUILDING COMPANY REVENUES 179. PENSIONS 30,695. PART XII, LINE 2D - OTHER ADJUSTMENTS: NEW MILLENNIUM BUILDING COMPANY EXPENSES 1,188,674. PENSIONS 389,661. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT 1,267,376. 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 CONTAINED IN THE SCHOOL'S REGISTRATION AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 HEIDI PENDROY FORMER MEMBER 60052 0 0 0 0 0 4699 0 6135 0 70886 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A TO THE EXTENT REQUIRED BY APPLICABLE LAW, STAFF MEMBERS WHO ARE EMPLOYED BY THE CORPORATION AT THE TIME OF THE ELECTION, INCLUDING TEACHERS, EXISTING DIRECTORS OF THE CORPORATION, AND PARENTS/LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE SCHOOL AT THE TIME OF THE ELECTION, MAY PARTICIPATE IN THE ANNUAL ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER CORRECTIONS (IF ANY) ARE MADE TO THE DRAFT FORM 990 BY THE EXECUTIVE DIRECTOR AND/OR BUSINESS MANAGER, A PUBLIC DISCLOSURE COPY WILL BE EMAILED TO EACH BOARD MEMBER FOR THEIR REVIEW AND FEEDBACK. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE AND SUBMIT CONFLICT OF INTEREST DISCLOSURES ANNUALLY. BOARD MEMBERS ARE REMINDED PERIODICALLY OF CONFLICT OF INTEREST OBLIGATIONS, INCLUDING THE REQUIREMENT TO RECUSE FROM DISCUSSION AND VOTE ON ANY ITEM THAT WOULD FALL INTO THE CONFLICT OF INTEREST CATEGORY. CONFLICT OF INTEREST DETERMINATIONS ARE MADE BY THE EXECUTIVE DIRECTOR AND SCHOOL AUTHORIZER. IF THERE WOULD BE SCHOOL BOARD DELIBERATIONS/DECISIONS INVOLVING A PERSON WITH A CONFLICT OF INTEREST, THEY WOULD DOCUMENT THE CONFLICT, AND EXCUSE THEMSELVES FROM DISCUSSION AND VOTING ON THESE MATTERS. ALL PROCEEDINGS RELATED TO THE CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 A MARKET ANALYSIS ON A THREE-YEAR CYCLE IS USED TO DETERMINE THE COMPENSATION FOR THE ADMINISTRATORS, AND ALL OTHER EMPLOYEES OF THE SCHOOL AS PART OF THE ANNUAL BUDGETING PROCESS CONDUCTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL 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. BRIDGET MEALMAN AND JANIE YANG 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 LIABILITES -358,966. 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. NEW MILLENNIUM BUILDING COMPANY 5105 BROOKLYN BLVD BROOKLYN CENTER MN 55429 815179098 RENT SCHOOLHOUSE MN 501(C)(3) LINE 12A, I NEW MILLENNIUM ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 NEW MILLENNIUM BUILDING COMPANY D 12310 CASH BALANCE NEW MILLENNIUM BUILDING COMPANY K 1267376 LEASE AGREEMENT