2022-05-10T17:14:09-05:00 2021-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2020-07-01 208877750 KIPP MINNESOTA KIPP 6122879700 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 KRISTINE STRAUMANN TREASURER 6122879700 2022-05-04 1 KRISTINE STRAUMANN 999009999 KATHLEEN NEW CPA P01320485 5157275700 2022-05-04 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z NICOLE DANIELSEN 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 14705898 0 X WWW.KIPPMINNESOTA.ORG X 2007 MN SEE PART III, LINE 1. 12 11 145 15 0 0 10919518 14683632 12899 9036 2123 1740 22048 -12457 10956588 14681951 0 0 0 0 6716756 8385063 0 0 0 4578691 4529660 11295447 12914723 -338859 1767228 7672499 9470276 10386504 11208002 -2714005 -1737726 TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE- COLLEGE, CAREER, AND BEYOND- SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD. 0 0 11396705 18307 KIPP MINNESOTA IS DEDICATED TO WORKING WITH FAMILIES AND COMMUNITIES TO BUILD EXCELLENT SCHOOLS AND PREPARE OUR STUDENTS TO PURSUE THE PATH THEY CHOOSE - COLLEGE, CAREER, AND BEYOND - SO THEY CAN BUILD FULFILLING LIVES AND A MORE JUST WORLD. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2021 WAS 657 STUDENTS. 11396705 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 17 0 1 145 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 X REBECCA GALLT CHIEF OPERATING OFFICER 40.00 X 130825 0 17046 KATHRYN ANTELO HEAD OF SCHOOLS 40.00 X 124116 0 15860 SARAH BERAKI VP OF INCLUSION, EQUITY, & ALUMNI PROGRAMS 40.00 X 117483 0 15259 STEPHANIE MILLAR FORMER MEMBER/DIRECTOR 40.00 X 103550 0 9524 ALEXANDER WEPSALA UPPER SCHOOL SUCCESSOR LEADER 40.00 X 103525 0 9427 NICOLE BOARDMAN EXECUTIVE DIRECTOR (THRU 6/30/20) 40.00 X 73673 0 6470 NICOLE LIPSEY BOARD MEMBER/TEACHER (ELECTED 5/2021) 45.00 X 56720 0 6300 CHRISTOPHER ROGERS BOARD MEMBER/TEACHER (THRU 6/2021) 45.00 X 52509 0 10620 SHANA FORD EXECUTIVE DIRECTOR 40.00 X 38624 0 7286 NICOLE DANIELSEN CO-BOARD CHAIR 5.00 X X 0 0 0 MARGIE SORAN CO-BOARD CHAIR 5.00 X X 0 0 0 KOJO AMOO-GOTTFRIED VICE CHAIR 5.00 X X 0 0 0 JIM HURLEY VICE CHAIR (THRU 2/2021) 5.00 X X 0 0 0 KRISTINE STRAUMANN TREASURER 5.00 X X 0 0 0 RENEE UZONG SECRETARY 5.00 X X 0 0 0 PAUL MULDOON BOARD MEMBER/COMMUNITY 5.00 X 0 0 0 JOHN SLIFER BOARD MEMBER/COMMUNITY 5.00 X 0 0 0 KENDALL HARRELL BOARD MEMBER/COMMUNITY 5.00 X 0 0 0 TRENT BOWMAN BOARD MEMBER/COMMUNITY 5.00 X 0 0 0 LISA ROATH BOARD MEMBER/COMMUNITY 5.00 X 0 0 0 AQUILA COLLINS BOARD MEMBER/PARENT 5.00 X 0 0 0 GLADYS GORDON BOARD MEMBER/PARENT ( THRU 6/2021) 5.00 X 0 0 0 801025 0 97792 5 1 0 0 MONARCH BUS SERVICE INC 101 EAST 10TH STREET STE 300 HASTINGS MN 55033 STUDENT TRANSPORTATION 701439 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 266691 RAINBOW TAXI CORPORATION 4808 PARK GLEN ROAD ST LOUIS PARK MN 55416 STUDENT TRANSPORTATION 265567 WORDPLAY SPEECH & LANGUAGE 9124 KELL AVE SOUTH BLOOMINGTON MN 55437 STUDENT SPEECH SERVICES 102375 4 53000 13555083 1075549 62500 14683632 MEDICAL ASSISTANCE 611710 9036 9036 9036 3959 3959 2219 -2219 -2219 -2219 0 53000 21728 -21728 -21728 MISCELLANEOUS REVENUE 900099 9271 9271 9271 14681951 18307 0 -19988 323404 185674 137730 166685 166685 6380841 5865869 514972 499801 460134 39667 483839 426309 57530 530493 463622 66871 45984 45984 109350 109350 706859 447038 259821 184868 148470 36398 580179 531060 49119 1257740 1257740 38290 36591 1699 23028 23028 18524 13156 5368 52248 52248 STUDENT TRANSPORTATION 927759 927759 FOOD SERVICE 157053 157053 INSTRUCTIONAL SUPPLIES 155549 155549 EQUIPMENT PURCHASES 119366 119366 152863 126039 26824 12914723 11396705 1518018 0 X 237474 263906 1459195 2454684 942137 2253441 65014 56258 359839 195172 136287 164667 4832392 4277320 7672499 9470276 552273 1286355 75930 1461500 700000 8372731 9145717 10386504 11208002 X -2850292 -1902393 136287 164667 0 0 -2714005 -1737726 7672499 9470276 X 1767228 -790949 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250 9250 9250 9250 9250 9250 9500 250 9250 5000 5000 500 9500 1.00000 0 0 84172 7823 76349 275667 187349 88318 164667 DEFERRED PENSION OUTFLOWS 4268268 DUE FROM KIPP MINNESOTA ABC 9052 4277320 NET PENSION LIABILITY 5884582 DEFERRED PENSION INFLOWS 2861135 PAYABLE TO KIPP MINNESOTA ABC 400000 9145717 X 14741576 59625 59625 14681951 0 14681951 13980939 1864888 1864888 12116051 798672 798672 12914723 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS SENT DIRECTLY TO THE COLLEGE OR UNIVERSITY OF CHOICE FOR THE STUDENT SELECTED. 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 IS 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: KIPP BUILDING COMPANY REVENUES 107. PENSIONS 35,571. FUNDRAISING EVENT EXPENDITURES 21,728. LOSS ON DISPOSALS RECLASS 2,219. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSIONS 826,520. KIPP MINNESOTA ABC EXPENDITURES 1,014,421. FUNDRAISING EVENT EXPENDITURES 21,728. LOSS ON DISPOSALS RECLASS 2,219. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING COMPANY RENT 798,672. 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 POLICY AS A FREE, OPEN ENROLLMENT SCHOOL IS PUBLICIZED IN ALL MATERIALS INCLUDING FLYERS THAT ARE DISTRIBUTED DOOR-TO-DOOR, ON THE WEBSITE, AND IN APPLICATION FORMS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVED STATE EDUCATION AID AND FEDERAL GRANT FUNDING. KIPPTASTIC 53000 53000 602 21126 53000 53000 602 21126 21728 -21728 X X 0 0 0 0 0 0 0 0 0 STEPHANIE MILLAR FORMER MEMBER/DIRECTOR 103550 0 0 0 0 0 8314 0 1210 0 113074 0 0 0 X EQUIPMENT 3 62000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A AS PER MN STATUTE 124E.07, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION, 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 THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE FORM 990 IN DETAIL AFTER THE RETURN IS COMPLETED BY THE SCHOOL'S ACCOUNTANT. ALL MEMBERS OF THE BOARD WILL RECEIVE A PUBLIC DISCLOSURE COPY OF THE RETURN PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND COMMITTEE MEMBER WITH GOVERNING BOARD DELEGATED AUTHORITY IS REQUIRED TO SIGN AN ANNUAL STATEMENT AFFIRMING THEY HAVE RECEIVED, REVIEWED, AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE POLICY INCLUDES A DUTY TO DISCLOSE CLAUSE. THIS CLAUSE REQUIRES THAT ANY COVERED INDIVIDUAL MUST DISCLOSE ALL MATERIAL FACTS TO DIRECTORS AND MEMBERS OF COMMITTEE IF THE EXISTENCE OF A CONFLICT OR POTENTIAL CONFLICT IS DETERMINED. AFTER DISCLOSURE OF ALL FACTS, THE CONFLICTED INDIVIDUAL WILL LEAVE THE ROOM WHILE THE TRANSACTION IS DISCUSSED AND VOTED ON. THE MINUTES OF ALL BOARD AND COMMITTEES SHALL REFLECT THE PROCEEDINGS RELATED TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE PERFORMED MARKET RATE ANALYSIS TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL OTHER SCHOOL EMPLOYEES AS PART OF THE ANNUAL BUDGETING PROCESS. ANY CHANGES TO COMPENSATION ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS REVIEW IS DOCUMENTED WITHIN THE BOARD MINUTES. THIS PROCESS IS DONE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICE AND ARE MADE AVAILABLE AT ALL BOARD MEETINGS, WHICH ARE OPEN TO THE PUBLIC. ALL MEETING MINUTES AND ANY OF THE DOCUMENTS ABOVE ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. CHRISTOPHER ROGERS AND NICOLE LIPSEY IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHER. 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 -826,520. PENSION REVENUE 35,571. FORM 990, PART XII, LINE 2C THE BOARD IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE FINANICAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. KIPP MINNESOTA ABC 5034 OLIVER AVENUE N MINNEAPOLIS MN 55430 822757664 LEASE SCHOOLHOUSE MN 501(C)(3) LINE 12A, I KIPP MINNESOTA 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 KIPP MINNESOTA ABC K 798672 LEASE AGREEMENT KIPP MINNESOTA ABC D 9052 CASH BALANCE KIPP MINNESOTA ABC E 400000 CASH BALANCE