2021-03-09T15:51:47-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 411946091 NERSTRAND ELEMENTARY SCHOOL NERS 5073336850 PO BOX 156 205 S SECOND STREET NERSTRAND MN 55053 MAGGIE KILEY SCHOOL DIRECTOR 5073336850 2021-03-02 1 KAREN GRIES P00078514 6123764500 2021-03-02 2019 2022-09-23 18:48:47Z MAGGIE KILEY PO BOX 156 205 S SECOND STREET NERSTRAND MN 55053 2008627 0 X WWW.NERSTRAND.CHARTER.K12.MN.US X 1999 MN PUBLIC SCHOOL SERVING STUDENTS IN GRADES K-5. 7 3 53 100 0 0 1941932 1980038 21691 19740 10782 8849 0 0 1974405 2008627 0 0 0 0 1203293 1161093 0 0 0 740825 783880 1944118 1944973 30287 63654 1570681 1408325 1755447 1616638 -184766 -208313 TO EMPOWER STUDENTS TO BE SELF-DIRECTED, LIFELONG LEARNERS BY PROVIDING A NURTURING, MULTI-AGE ENVIRONMENT WHICH FOSTERS COOPERATION AND CHARACTER DEVELOPMENT. 0 0 1722722 0 19740 PROVIDE PUBLIC EDUCATION TO STUDENTS IN GRADES K-5. APPROXIMATELY 150 STUDENTS WERE ENROLLED DURING THE FISCAL YEAR ENDED JUNE 30, 2020. 1722722 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 10 0 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X KEITH JOHNSON 5073336850 PO BOX 156 205 S SECOND STREET NERSTRAND MN 55053 TARA VONDRASEK CLERK/TEACHER 40.00 X 56487 0 27305 JAN BOURDEAU CHAIR/TEACHER 40.00 X X 71065 0 6711 MAGGIE KILEY SCHOOL DIRECTOR 40.00 X 66169 0 9633 GRETTA KUNZE TREASURER/TEACHER 40.00 X 48936 0 11982 NICOLE SCHAEFER DIRECTOR/TEACHER 40.00 X 42119 0 10873 ALICIA WASILOWSKI DIRECTOR/PARENT 1.00 X 0 0 0 RICH BAILEY DIRECTOR/PARENT 1.00 X 0 0 0 BETTY SKIP VOGE DIRECTOR/COMMUNITY MEMBER 1.00 X 0 0 0 284776 0 66504 0 0 0 0 EDVISIONS COOPERATIVE PO BOX 183 111 SOUTH MERIDIAN ST BELLE PLAINE MN 56011 STAFFING 1184316 1 1962590 17448 1980038 FEES FROM PATRONS 611710 19740 19740 19740 8849 8849 2008627 19740 0 8849 358506 358506 191989 191989 456098 377874 78224 29977 24110 5867 55442 51383 4059 69081 63097 5984 212 212 74372 74372 9269 9269 257541 255984 1557 17158 3898 13260 13647 9121 4526 11032 10993 39 9817 9817 SPECIAL EDUCATION 356681 356681 DUES AND LICENSES 23603 23603 CAPITAL OUTLAY 5492 5492 5056 5056 1944973 1722722 222251 0 279731 570760 347120 141452 12525 2846 121226 115917 16341 5309 914964 687958 1570681 1408325 23539 24535 1731908 1592103 1755447 1616638 X -201107 -213622 16341 5309 0 0 -184766 -208313 1570681 1408325 X 63654 -87201 X X 0 1 X 1 0 X 121226 115917 5309 5309 DEFERRED PENSION OUTFLOWS 687958 687958 PENSION LIABILITY PAYABLE 650150 DEFERRED PENSION INFLOWS 941953 1592103 2008627 0 2008627 0 2008627 1933941 0 1933941 11032 11032 1944973 PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 11,032. 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 NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL'S REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL HAS TWO CLASSES OF MEMBERS: PARENT MEMBERS AND EMPLOYEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S BOARD IS ELECTED BY PARENT AND EMPLOYEE MEMBERS. THE SCHOOL'S GOVERNING BODY CONSISTS OF FOUR TEACHER REPRESENTATIVES, TWO PARENT REPRESENTATIVES, AND ONE UNRELATED COMMUNITY MEMBER. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE COMPLETED RETURN WAS PRESENTED AND REVIEWED AT THE FIRST REGULAR BOARD MEETING BY THE FULL GOVERNING BODY FOLLOWING RECEIPT FROM THE ACCOUNTING FIRM. THE FINAL APPROVED COPY WAS SUBSEQUENTLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS ARE REVIEWED AT THE BOARD OR COMMITTEE LEVEL. INDIVIDUALS ARE NOT ALLOWED TO VOTE ON TRANSACTIONS WHERE A CONFLICT IS DETERMINED TO EXIST. ALL CONFLICTS AND PROCEEDINGS ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL USED THE MACS SURVEY TO HELP ESTABLISH THE DIRECTOR'S SALARY. THE SCHOOL DIRECTOR'S COMPENSATION IS DETERMINED BY ANNUAL REVIEW BY BOARD EVALUATION AND RESULTING INCREASE OF AVERAGE ANNUAL TEACHER STEP INCREASE. THIS PROCESS WAS USED FOR MAGGIE KILEY IN THE SPRING OF 2020. THE SCHOOL FOLLOWED THE BOARD APPROVED RATE SCHEDULE PLUS ANY SCHOOLWIDE % INCREASE. 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 XI, LINE 9: CHANGE IN PENSION LIABILITY -87,201. FORM 990, PART XII, LINE 1, EXPLANATION FOR OTHER METHOD OF ACCOUNTING: THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. FORM 990, PART IX THE SCHOOL CONTRACTS WITH EDVISIONS COOPERATIVE, AN UNRELATED ORGANIZATION FOR ALL PERSONNEL SERVICES. COMPENSATION INFORMATION IS REPORTED IN THE FORM 990 AS SALARY, PENSION, BENEFITS, AND PAYROLL TAXES IN THE STATEMENT OF FUNCTIONAL EXPENSES TO BE CONSISTENT WITH THE FINANCIAL STATEMENT PRESENTATION.