2021-05-17T13:56:45-05:00 2020-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2019-07-01 464392267 Universal Academy UNIV 6514423124 2912 28th Ave S Minneapolis MN 55406 Farhiya Einte Director 6514423124 2021-05-14 1 Victoria L Holinka P00735616 9525450424 2019 2022-09-23 18:48:47Z X Farhiya Einte 2912 28th Ave S Minneapolis MN 55406 5992498 0 X uacsmn.org X 2013 MN Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff. 5 3 110 10 0 0 519811 568756 5011860 5423742 0 -25068 0 0 5531671 5967430 0 0 0 0 2443933 2823344 0 0 0 2084536 2589997 4528469 5413341 1003202 554089 7375382 7754700 3918422 3743651 3456960 4011049 Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff. 0 0 4720806 5398674 A learning community educating the WHOLE child, serving students in grades PreK-8. During the fiscal year ended June 30, 2020, the Academy served an estimated 400 students. 4720806 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 12 0 110 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MN X Ann Yang 6512558858 2233 University Ave W Ste 450 St Paul MN 55114 Marianne M Banda Member 40.00 X 45566 0 0 Lucy Crosby Member 40.00 X 44479 0 0 Anisa Hashi Member 2.00 X 0 0 0 Abdulkadir Osman Assistant Board Chair 2.00 X X 0 0 0 Amiin Harun Board Chair 2.00 X X 0 0 0 90045 0 0 0 0 0 0 Designs for Learning 2233 University Ave W 450 St Paul MN 55114 Financial Services 351486 Done Right Food Inc 4305 Central Ave NE Columbia Heights MN 55421 Food Service 186999 Minnehaha Transportation Inc 2507 Walnut Street Roseville MN 55113 Transportation 154739 Starline Cleaning Service 2401 Peralta St Oakland CA 94607 Facility Cleaning Services 106163 4 549055 19701 568756 Federal and state sour 617710 5423742 5423742 5423742 25068 -25068 -25068 -25068 5967430 5398674 0 0 93309 93309 2222684 1879609 343075 194620 167250 27370 139603 97515 42088 173128 151102 22026 296640 178009 118631 173953 157880 16073 63964 22414 41550 909061 909061 41686 40869 817 21427 400 21027 14080 14080 Transportation 431649 431649 Pension Expense per Act 356689 356689 Food 220970 220970 Pension Expense per Act 59878 59878 5413341 4720806 692535 0 3002455 3833497 3869 114519 584226 649274 395495 133202 331584 262293 3453248 2895117 7375382 7754700 283172 249149 3635250 3494502 3918422 3743651 X 3061894 3725815 331584 262293 63482 22941 3456960 4011049 7375382 7754700 554089 0 X X 0 1 X 1 0 X 61834 7812 54022 333661 125390 208271 262293 Pension plan deferments 1858531 Due from other funds 1036586 2895117 Net pension liability 1919135 Pension plan deferments 1575367 3494502 X 5992498 0 5992498 -25068 -25068 5967430 5438409 25068 25068 5413341 0 5413341 Part X, Line 2: The Academy is exempt from federal and state income taxes under Internal Revenue Code Section 501(c)(3). The Academy is subject to tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2020. Part XI, Line 4b - Other Adjustments: Loss on disposal of fixed assets Part XII, Line 2d - Other Adjustments: Loss on disposal of fixed assets 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 6 The Academy receives state and federal aid payments to finance the operational activities of the Academy. Form 990, Part VI, Section B, line 11b Once the 990 is completed by an independent CPA, a copy will be provided to the Director of the Academy and the Board via email for review before filing. Form 990, Part VI, Section B, line 12c Annually, Directors are required to sign a Conflict of Interest statement. Form 990, Part VI, Section B, line 15a The Executive Director will be evaluated each year by the Board. Staff/parent surveys are taken each year at year-end. Compensation for all employees including the Director are recommended to the Board via the Budget which is then approved by the Board. The Board then approves all employement agreements/contracts. Form 990, Part VI, Section C, line 19 The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. Part XII, Line 2c The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed. AUTHORIZER The Academy is required to have an Authorizer to monitor its opeartions in order to maintain its charter. The Academy's approved authorizer during the fiscal year 2020 was Novation Education Opportunities. Form 990, Part VI, Section A Line 1B Several members of the Board are teachers at the school. Minnesota State Statute 124D.10 subd.4(g) requires the Board to have at least one member that is an employed/contracted teacher. RELATED ORGANIZATION COMPENSATION Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted.