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 371518372 SPECTRUM HIGH SCHOOL SPEC 7632418703 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 DAN DEBRUYN EXECUTIVE DIRECTOR 7632418703 2021-05-03 1 NICKOLAS S TAINTOR CPA P02438815 9525636800 2021-05-03 2019 2022-09-23 18:48:47Z DAVE LUCAS 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 9103251 0 X WWW.SPECTRUMHIGHSCHOOL.ORG X 2005 MN PUBLIC CHARTER SCHOOL GRADES 6-12 7 5 223 327 0 0 8571805 8735800 408965 290704 4871 11937 50866 38063 9036507 9076504 0 5018 0 0 5358704 5639088 0 0 0 3683737 3391027 9042441 9035133 -5934 41371 8262667 7497539 10107752 9925363 -1845085 -2427824 THE MISSION OF SPECTRUM HIGH SCHOOL AND SPECTRUM MIDDLE SCHOOL IS TO ENCOURAGE STUDENTS IN ATTAINING THEIR MAXIMUM POTENTIAL THROUGH A 3-DIMENSIONAL STRATEGY EMPHASIZING COLLEGE PREPARATORY CURRICULUM, A TECHNOLOGY INTEGRATED ENVIRONMENT, AND COMMUNITY-BASED OUTREACH. 0 0 7533973 5018 293279 IN ORDER TO SUPPORT SPECTRUM HIGH SCHOOL'S VISION, TO FOSTER ACADEMIC STANDARDS IN A SMALL SCHOOL SETTING, SPECTRUM HIGH SCHOOL SERVED APPROXIMATELY 753 STUDENTS IN GRADES 6-12. 7533973 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 19 0 1 223 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 1 1 1 0 MN X BERGANKDV 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 55024 X DAVE LUCAS BOARD CHAIR 10.00 5.00 X X 0 0 0 TOM SAGSTETTER VICE CHAIR 5.00 5.00 X X 0 0 0 KATHY REED TREASURER 5.00 X X 0 0 0 JESSICA KEMNITZ SECRETARY 45.00 X X 56514 0 11227 ROB BERGFALK BOARD MEMBER 5.00 X 0 0 0 BERT SEPULVEDA BOARD MEMBER 5.00 X 0 0 0 DAN DEBRUYN EXECUTIVE DIRECTOR 40.00 X 133202 0 18020 MARK LELAND HIGH SCHOOL PRINCIPAL 40.00 X 103076 0 24613 GREG HEINECKE MIDDLE SCHOOL PRINCIPLE 40.00 X 109616 0 9528 402408 0 63388 3 0 1 0 NORTHSTAR BUS LINES LLC 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 350381 BERGANKDV OUTSOURCED SERVICES 220 PARK AVENUE S ST CLOUD MN 56301 ACCOUNTING SERVICES 107730 2 26537 8677366 31897 8735800 FOOD SALES 611710 109995 109995 ATHLETIC FEES 611600 105530 105530 FEES FROM PATRONS 611600 72241 72241 MEDICAL ASSISTANCE 611600 2938 2938 290704 11937 11937 39235 0 39235 39235 39235 0 26537 9194 -9194 -9194 23000 17553 5447 5447 MISCELLANEOUS REVENUE 611600 2575 2575 2575 9076504 293279 0 47425 5018 5018 216361 67346 149015 119043 119043 4180821 3465875 714946 335565 279391 56174 462995 367564 95431 324303 262170 62133 11884 11884 2100 2100 109320 109320 419037 367034 52003 227517 103385 124132 162414 96993 65421 1455014 1455014 25141 18196 6945 183131 181395 1736 56755 56755 STUDENT TRANSPORTATION 354866 354866 FOOD SERVICE 129330 129330 DUES & MEMBERSHIPS 80590 42871 37719 EQUIP RENTAL & MAINT 52188 52188 121740 109539 12201 9035133 7533973 1501160 0 X 586273 1075390 1113753 761030 606377 636827 86667 68346 1583150 698453 832741 884697 5036856 4071249 8262667 7497539 500050 580744 6315 41539 9607702 9296765 10107752 9925363 X -2677827 -3312521 832742 884697 0 0 -1845085 -2427824 8262667 7497539 X 41371 -624110 X X 0 1 X 1 0 X -900 900 -1582 7000 6318 -900 7718 9300 -1582 387022 233683 153339 1196128 464770 731358 884697 DEFERRED OUTFLOWS - PENSION 3861208 DUE FROM SPECTRUM BUILDING COMPANY 210041 4071249 NET PENSION LIABILITY 4265828 DEFERRED INFLOWS - PENSION 5030937 9296765 8936624 -139880 -139880 9076504 0 9076504 9836582 2115157 2115157 7721425 1313708 1313708 9035133 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 XI, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY REVENUES 24,250. FUNDRAISING EVENT EXPENSES 9,194. SPIRITWEAR INVENTORY EXPENSES 8,359. GASB 68 PENSIONS -181,683. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY EXPENSES 1,655,176. FUNDRAISING EVENT EXPENSES 9,194. SPIRITWEAR INVENTORY EXPENSES 8,359. PENSIONS 442,428. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT 1,313,708. 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 POLICY IS COMMUNICATED ON OUR WEBSITE IN ALL SOLICITATION AND REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. STING STRIDE 26537 26537 9194 26537 26537 9194 9194 -9194 0 COLLEGE SCHOLARSHIPS 8 5018 0 0 0 0 0 0 0 0 0 DAN DEBRUYN EXECUTIVE DIRECTOR 133202 0 0 0 0 0 10804 0 7216 0 151222 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A STATUTORY ELIGIBLE VOTERS. IN ACCORD WITH MINN. STAT. 124E, AND AS MAY BE AMENDED FROM TIME TO TIME, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT WITH A COOPERATIVE, ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL, AND ALL MEMBERS OF THE BOARD OF DIRECTORS ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE PROCESS AND PROCEDURES FOR CHANGING THE BOARD'S GOVERNANCE STRUCTURE WILL REMAIN CONSISTENT WITH CHAPTER 317A AND MINNESOTA STATUTES, SECTION 124E.07, SUBDIVISION 4. THE BOARD MAY CHANGE ITS GOVERNANCE STRUCTURE ONLY: (1) BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND A MAJORITY VOTE OF THE LICENSED TEACHERS EMPLOYEED BY THE SCHOOL AS TEACHERS, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT BETWEEN THE SCHOOL AND A COOPERATIVE; AND (2) WITH THE AUTHORIZER'S APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO APPROVAL AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C EVERY TRANSACTION BEING PROCESSED OR DISCUSSED IS EVALUATED FOR ANY CONFLICT OF INTEREST DETERMINATION. DURING BOARD MEETINGS WHEN DISCUSSIONS ARISE REGARDING PROPOSED PLANS OR PURCHASES, BOARD MEMBERS ARE INFORMED ABOUT THEIR POSSIBILITY OF CONFLICT. IT IS ALSO NOTED TO EMPLOYEES THAT, IF THEY HAVE ANY ROLE IN A COMPANY WITH WHICH THE SCHOOL DOES BUSINESS, THEY MAY BE IN CONFLICT AND THE SCHOOL MAY NOT BE ABLE TO CONDUCT BUSINESS WITH THAT COMPANY. FORM 990, PART VI, SECTION B, LINE 15 SPECTRUM USES A REVIEW PROCESS OF OTHER AREA PUBLIC CHARTER AND TRADITIONAL PUBLIC SCHOOLS IN DETERMINING THE SALARY COMPENSATION FOR EMPLOYEES OF THE DISTRICT. THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BASED ON COMPARABLE SALARIES OF OTHER PUBLIC CHARTER AND TRADITIONAL PUBLIC LOCAL SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE 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 A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. JESSICA KEMNITZ IS A BOARD MEMBERS, BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS A 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 -624,110. FORM 990, PART XII, LINE 2C THE BOARD IS RESPONSIBLE FOR SELECTION OF AN INDEPENDENT ACCOUNTANT AND FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SPECTRUM BUILDING COMPANY 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 260425207 HOLD AND LEASE SCHOOL FACILITY MN 501(C)(3) LINE 12A, I SPECTRUM HIGH SCHOOL 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 SPECTRUM BUILDING COMPANY K 1313708 LEASE AGREEMENT SPECTRUM BUILDING COMPANY Q 140634 CASH PAID SPECTRUM BUILDING COMPANY D 210041 CASH BALANCE