2022-04-13T10:02:16-05:00 2021-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2020-07-01 411968867 EXCELL ACADEMY FOR HIGHER LEARNING INC EXCE 7635330500 6510 ZANE AVENUE NORTH NO 107 BROOKLYN PARK MN 55429 SABRINA WILLIAMS DIRECTOR 7635330500 2022-04-06 1 SABRINA WILLIAMS 999009999 KATHLEEN NEW CPA P01320485 9525636800 2022-04-06 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z OLIVER SPRAGGINS 6510 ZANE AVENUE NORTH NO 107 BROOKLYN PARK MN 55429 7722207 0 X WWW.EXCELLACADEMY.DREAMHOSTERS.COM/ X 2000 MN EQUIP & PREPARE ITS LEARNERS FOR HIGHER LEVELS OF EDUCATION AND TO BE POSITIVE PRODUCTIVE CITIZENS 7 4 109 50 0 0 7473443 7606695 277282 108032 0 0 11555 7480 7762280 7722207 0 0 0 0 4777067 4541825 1955 0 0 3176692 2810393 7955714 7352218 -193434 369989 4583325 4215096 7265476 6917689 -2682151 -2702593 X THE MISSION OF EXCELL ACADEMY FOR HIGHER LEARNING IS TO EQUIP AND PREPARE ITS LEARNERS FOR HIGHER EDUCATION AND TO BE POSITIVE PRODUCTIVE CITIZENS. EXCELL ACADEMY WILL ACHIEVE ITS MISSION BY IDENTIFYING, NURTURING, AND DEVELOPING ITS LEARNERS' ACADEMIC GIFTS, TALENTS AND CREATIVITY. WITH THE BELIEF THAT EVERY STUDENT IS CAPABLE OF PURSUING ACHIEVEMENT AT A HIGHER LEVEL, EXCELL ACADEMY OFFERS EXCEPTIONAL LEARNING EXPERIENCES AND QUALITY CURRICULA TO FOSTER THE LEARNERS' FULLEST POTENTIAL. 0 0 6514659 113012 EXCELL ACADEMY FOR GRADES K-8. THE SCHOOL WAS DEVELOPED WITH ALL STUDENTS, ACHIEVEMENT LEVELS, EDUCATIONAL BACKGROUNDS AND NATIONALITIES, IN MIND. THE SCHOOL IS DEDICATED TO PROVIDING AN ACADEMICALLY CHALLENGING EDUCATIONAL EXPERIENCE FOR CHILDREN WHO HAVE HISTORICALLY BEEN EXCLUDED FROM THE OPPORTUNITY. ENROLLMENT WAS 435 FOR FISCAL YEAR 2021.EXCELL ACADEMY WAS THE RECEIPIENT OF THE PATHWAY II SCHOLARSHIP PROGRAM IN FY21 AND WAS ABLE TO CONTINUE DEVELOPING A KINDERGARTEN READINESS PROGRAM TO HELP YOUNG STUDENTS PREPARE FOR ENTERING GRADES K-8. THIS PROGRAM IS BEING RUN IN THE COMMUNITY SERVICES FUND OF THE ACADEMY ALONG WITH BEFORE AND AFTER CARE FOR STUDENTS AS WELL AS EMPLOYEE DAYCARE FOR STAFF MEMBERS CHILDREN. 6514659 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 22 0 1 109 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 MN X CLIFTON LARSON ALLEN 6123764500 220 SOUTH SIXTH STREET SUITE 300 MINNEAPLIS MN 554021436 X OLIVER SPRAGGINS BOARD CHAIR 3.00 X X 0 0 0 CASEY MORRISSETTE TREASURER 3.00 X X 0 0 0 MONICA MCGILL SECRETARY 3.00 X X 0 0 0 JARTUE KROMA MEMBER/TEACHER 42.00 X 57702 0 13785 EDNA GRANGER MEMBER 2.00 X 0 0 0 RIKI BAKER MEMBER/TEACHER 42.00 X 48433 0 13211 SABRINA WILLIAMS SCHOOL DIRECTOR 45.00 X 145527 0 31529 JULIE JAMES FORMER MEMBER/TEACHER 42.00 X 69062 0 9158 KATY SIMISON YELLE FORMER MEMBER/TEACHER 42.00 X 50802 0 13287 371526 0 80970 1 1 1 0 CKC GOOD FOOD PO BOX 431419 MINNEAPOLIS MN 55443 FOOD SERVICE 426973 NORTHSTAR BUS LINES 11800 95TH AVENUE NORTH MAPLE GROVE MN 55369 STUDENT TRANSPORTATION 249788 QUALITY CARE TRANSPORTATION INC PO BOX 290161 BROOKLYN CENTER MN 55429 STUDENT TRANSPORTATION 166655 3 7550315 56380 7606695 FEES FROM PATRONS 611710 103663 103663 MEDICAL ASSISTANCE 611710 3632 3632 TUITION FROM PATRONS 611710 733 733 FOOD SERVICE REVENUE 611710 4 4 108032 2500 0 2500 2500 2500 MISCELLANEOUS REVENUE 900099 4980 4980 4980 7722207 113012 0 2500 313074 134695 178379 147080 147080 3208876 3039032 169844 253971 239624 14347 334016 307998 26018 284808 243112 41696 12047 12047 92450 92450 412673 229812 182861 175611 139903 35708 148724 139423 9301 850266 848557 1709 44738 41668 3070 777 777 93614 91174 2440 18717 18717 TRANSPORTATION 409843 409843 FOOD SERVICE EXPENSES 344509 344509 REPAIRS AND MAINTENANCE 113610 113610 DUES, MEMBERSHIPS 50797 2602 48195 42017 42017 7352218 6514659 837559 0 X 322936 590913 797045 799628 8198 22014 1413146 817640 632101 595506 2823045 2207035 4583325 4215096 414055 355525 267 6851154 6562164 7265476 6917689 X -3314252 -3298099 632101 595506 0 0 -2682151 -2702593 4583325 4215096 X 369989 -390431 X X 0 1 X 1 1 1 X 1319643 765802 553841 93503 51838 41665 595506 DEFERRED PENSION OUTFLOWS 2052022 DUE FROM BUILDING COMPANY 155013 2207035 COMPENSATED ABSENCES 125945 PENSION LIABILITY PAYABLE 4159066 DEFERRED PENSION INFLOWS 2277153 6562164 X 7748885 26678 26678 7722207 0 7722207 7923865 1335772 1335772 6588093 764125 764125 7352218 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 RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY REVENUES 304. GASB 68 26,374. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY EXPENDITURES 918,968. GASB 68 416,804. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING RENT 764,125. 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 POSTED AT THE SCHOOL, AND IS LISTED IN THE ENROLLMENT APPLICATION, BROCHURE, AND ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 SABRINA WILLIAMS SCHOOL DIRECTOR 134950 0 10577 0 0 0 10963 0 20566 0 177056 0 0 0 JULIE JAMES FORMER MEMBER/TEACHER 65362 0 3700 0 0 0 5630 0 3528 0 78220 0 0 0 KATY SIMISON YELLE FORMER MEMBER/TEACHER 47002 0 3800 0 0 0 4048 0 9239 0 64089 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERSHIP CONSISTS OF ENROLLEE MEMBERS, EMPLOYEE MEMBERS, AND COMMUNITY MEMBERS. ENROLLMENT OF A CHILD IN THE SCHOOL QUALIFIES THE PARENT(S).LEGAL GUARDIAN(S) AS ENROLLEE MEMEBRS. PAID EMPLOYMENT BY THE SCHOOL QUALIFIES THE EMPLOYEE AS AN EMPLOYEE MEMBER. SERVICE OF FIFTEEN HOURS OF VOLUNTEER WORK FOR THE SCHOOL QUALIFIES AN INDIVIDUAL AS A COMMUNITY MEMBER. ALL MEMBERS HAVE EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S MEMBERS ARE ELIGIBLE TO VOTE TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE SCHOOL'S GOVERNING DOCUMENTS MUST BE APPROVED BY A MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE COMMITTEES THAT HAVE THE AUTHORITY ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL DIRECTOR REVIEWED THE FORM 990 WITH A CONTRACTED ACCOUNTANT AND THE INDEPENDENT AUDITOR. THIS PROCESS WAS CONDUCTED PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS COMPLETE A FULL DISCLOSURE WHICH INCLUDES THE MEMBER, SPOUSE, AND CLOSE RELATIVES TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. CONFLICTS OF INTEREST ARE REVIEWED AND DETERMINED BY REMAINING BOARD MEMBERS NOT IN CONFLICT. INDIVIDUALS WITH POTENTIAL OR ACTUAL CONFLICTS OF INTEREST DO NO VOTE ON THAT MATTER. ALL PROCEEDINGS RELATED TO CONFLCITS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 WHEN DETERMINING THE COMPENSATION OF THE SCHOOL DIRECTOR AND ALL OTHER EMPLOYEES, THE SCHOOL'S BOARD OF DIRECTORS REVIEWS THE COMPENSATION LEVELS OF COMPARABLE POSITIONS WITHIN THE COMMUNITY AS WELL AS REVIEWING EXPERIENCE LEVEL AND SCHOOL SIZE FOR THE SCHOOL DIRECTOR. 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 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. JARTUE KROMA AND RIKI BAKER ARE BOARD MEMBERS BUT RECEIVED 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: GASB 68 - PENSION ADJUSTMENT -390,431. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FRIENDS OF EXCELL ACADEMY 6510 ZANE AVE NO BROOKLYN PARK MN 55429 113822685 BUILDING COMPANY MN 501(C)(3) LINE 12A, I EXCELL ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 FRIENDS OF EXCELL ACADEMY K 764125 LEASE AGREEMENT FRIENDS OF EXCELL ACADEMY D 115013 YEAR-END BALANCE