2021-05-10T17:05:27-05:00 2020-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2019-07-01 208877750 KIPP MINNESOTA KIPP 6122879700 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 KRISTINE STRAUMANN TREASURER 6122879700 2021-05-05 1 NICKOLAS S TAINTOR CPA P02438815 9525636800 2021-05-05 2019 2022-09-23 18:48:47Z CAM WINTON 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 10960817 0 X WWW.KIPPMINNESOTA.ORG X 2007 MN SEE PART III, LINE 1. 12 11 142 25 0 0 8690224 10919518 22189 12899 2841 2123 16123 22048 8731377 10956588 0 0 0 0 5326893 6716756 0 0 0 3450361 4578691 8777254 11295447 -45877 -338859 7873847 7672499 9605885 10386504 -1732038 -2714005 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 9650182 39176 KIPP MINNESOTA IS DEDICATED TO BUILDING A SYSTEM OF KIPP SCHOOLS IN THE TWIN CITIES METRO AREA. IMPLICIT IN OUR MISSION IS THE BELIEF THAT EVERY CHILD HAS THE RIGHT TO FREE HIGH-QUALITY EDUCATION REGARDLESS OF RACE, CLASS, OR ECONOMIC STATUS. WE PREPARE OUR STUDENTS FOR SUCCESS IN COLLEGE AND IN LIFE WITH AN EXCELLENT AND RIGOROUS EDUCATION, CHARACTER SKILL BUILDING, AND HIGH EXPECTATIONS. THROUGH OUR WORK WITH OUR STUDENTS, WE BEGIN THE CRITICAL TASK OF CLOSING THE ACHIEVEMENT GAP IN MINNESOTA. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2020 WAS 490 STUDENTS. 9650182 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 0 0 0 0 0 1 1 1 0 0 1 17 0 1 142 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 CAM WINTON BOARD CHAIR (TERM ENDED 6/1/2020) 5.00 X X 0 0 0 NICOLE DANIELSEN CO-BOARD CHAIR 5.00 X X 0 0 0 MARGIE SORAN CO-BOARD CHAIR 5.00 X X 0 0 0 JIM HURLEY VICE CHAIR 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 CHRISTOPHER ROGERS BOARD MEMBER/TEACHER 45.00 X 51074 0 8635 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 GLADYS GORDON BOARD MEMBER/PARENT 5.00 X 0 0 0 MIKE SHELTON BOARD MEMBER/PARENT (TERM ENDED 6/1/2020) 5.00 X 0 0 0 LISA DUNLAP BOARD MEMBER/COMMUNITY (TERM ENDED 6/1/2020) 5.00 X 0 0 0 NICOLE BOARDMAN EXECUTIVE DIRECTOR 40.00 X 168038 0 14535 REBECCA GALLT CHIEF OPERATING OFFICER 40.00 X 111443 0 14245 KATHRYN ANTELO HEAD OF SCHOOLS 40.00 X 118577 0 13880 449132 0 51295 3 0 1 0 MONARCH BUS SERVICE INC 101 EAST 10TH STREET STE 300 HASTINGS MN 55033 STUDENT TRANSPORTATION 680229 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 390304 RAINBOW TAXI CORPORATION 4808 PARK GLEN ROAD ST LOUIS PARK MN 55416 STUDENT TRANSPORTATION 342360 FREDRICK ARCHER 10 2ND AVE SE APT 410 MINNEAPOLIS MN 55414 STUDENT RECRUITMENT 123000 4 108000 10049855 761663 10919518 MEDICAL ASSISTANCE 611710 12899 12899 12899 2123 2123 0 108000 4229 -4229 -4229 MISCELLANEOUS REVENUE 900099 26277 26277 26277 10956588 39176 0 -2106 227407 56964 170443 97776 97776 5200475 4482976 717499 388946 334775 54171 371596 316959 54637 430556 355371 75185 40315 40315 80420 80420 618556 397943 220613 286122 210046 76076 330824 277812 53012 1003739 1002527 1212 133141 125498 7643 8991 8991 15090 9878 5212 29333 29333 STUDENT TRANSPORTATION 1088842 1088842 FOOD SERVICE 442356 442356 EQUIP RENTAL & MAINT 156103 156103 EQUIPMENT PURCHASES 149219 149219 195640 106813 88827 11295447 9650182 1645265 0 X 217027 237474 304749 1459195 1366168 942137 201253 65014 318893 182606 87056 136287 5697594 4832392 7873847 7672499 770799 552273 100000 1461500 8735086 8372731 9605885 10386504 X -1819094 -2850292 87056 136287 0 0 -1732038 -2714005 7873847 7672499 X -338859 -643108 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250 9250 9250 9250 9500 250 9250 5000 5000 500 9500 5000 5000 1.00000 0 0 74285 4018 70267 244608 178588 66020 136287 DEFERRED PENSION OUTFLOWS 4686231 DUE FROM KIPP MINNESOTA ABC 146161 4832392 NET PENSION LIABILITY 4099287 DEFERRED PENSION INFLOWS 4273444 8372731 X 11120160 163572 163572 10956588 0 10956588 12635115 1339668 1339668 11295447 0 11295447 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: 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, 2020, 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: FUNDRAISING EVENT EXPENDITURES 4,229. PENSIONS 21,198. KIPP ABC REVENUE 138,145. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSIONS 664,306. KIPP MINNESOTA ABC EXPENDITURES 671,133. FUNDRAISING EVENT EXPENDITURES 4,229. 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 108000 108000 4229 108000 108000 4229 4229 -4229 X X X 0 0 0 0 0 0 0 0 0 NICOLE BOARDMAN EXECUTIVE DIRECTOR 168038 0 0 0 0 0 13130 0 1405 0 182573 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 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 RELATING TO NET PENSION LIABILITIES -664,306. DIRECT AID CONTRIBUTIONS RELATING TO NET PENSION LIABILITIES 21,198. 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 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 KIPP MINNESOTA ABC K 138128 LEASE AGREEMENT KIPP MINNESOTA ABC D 146161 CASH BALANCE