2020-03-27T16:37:20-05:00 2019-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2018-07-01 371518372 SPECTRUM HIGH SCHOOL SPEC 7632418703 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 DAN DEBRUYN EXECUTIVE DIRECTOR 7632418703 2020-03-23 1 THERESA GOETTE P01062926 9525636800 2020-03-23 70.97.219.241 2020-03-23 10:44:16 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6043821AFCD7ED77A98774CF22E6A57363197761 2018 2020-09-23 17:36:50Z DAVE LUCAS 17796 INDUSTRIAL CIRCLE NW ELK RIVER MN 55330 9057993 0 X WWW.SPECTRUMHIGHSCHOOL.ORG X 2005 MN PUBLIC CHARTER SCHOOL GRADES 6-12 7 5 207 380 0 0 7842815 8571805 388269 408965 4069 4871 78746 50866 8313899 9036507 500 0 0 0 6467200 5358704 0 0 3700 3099650 3683737 9567350 9042441 -1253451 -5934 9927398 8262667 12933875 10107752 -3006477 -1845085 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 7619107 414689 IN ORDER TO SUPPORT SPECTRUM HIGH SCHOOL'S VISION, TO FOSTER ACADEMIC STANDARDS IN A SMALL SCHOOL SETTING, SPECTRUM HIGH SCHOOL SERVED APPROXIMATELY 716 STUDENTS IN GRADES 6-12. 7619107 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 22 0 1 207 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 6514632233 22488 CHIPPENDALE AVE FARMINGTON 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 49278 0 10174 ROB BERGFALK BOARD MEMBER 5.00 X 0 0 0 BERT SEPULVEDA BOARD MEMBER 5.00 X 0 0 0 SCOTT GANGL BOARD MEMBER 45.00 5.00 X 41107 0 8919 DAN DEBRUYN EXECUTIVE DIRECTOR 40.00 X 125475 0 16646 215860 0 35739 1 0 0 0 NORTHSTAR BUS LINES LLC 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 337357 ANOKA-RAMSEY COMMUNITY COLLEGE 11200 MISSISSIPPI BLVD NW COON RAPIDS MN 55433 POST SECONDARY EDUCATION SERVICES 283530 BERGANKDV OUTSOURCED SERVICES 220 PARK AVENUE S ST CLOUD MN 56301 ACCOUNTING SERVICES 105948 3 18311 8483341 70153 8571805 ATHLETIC FEES 611600 161119 161119 FOOD SALES 611710 132163 132163 FEES FROM PATRONS 611600 114866 114866 MEDICAL ASSISTANCE 611600 817 817 408965 4871 4871 44539 0 44539 44539 44539 0 18311 3543 -3543 -3543 22089 17943 4146 4146 MISCELLANEOUS REVENUE 611600 5724 5724 5724 9036507 414689 0 50013 263411 117017 146394 69160 69160 3967239 3326746 640493 315480 265224 50256 431874 330107 101767 311540 254203 57337 1797 1797 114060 114060 520756 500698 16358 3700 5327 5327 264200 114373 149827 125513 58462 67051 1451151 1451151 30555 25069 5486 162266 160655 1611 54163 54163 STUDENT TRANSPORTATION 350818 350818 FOOD SERVICE 155667 155667 EQUIPMENT PURCHASES 125816 108647 17169 DUES & MEMBERSHIPS 74017 43624 30393 247631 233323 14308 9042441 7619107 1419634 3700 X 894911 586273 908883 1113753 896632 606377 117818 86667 1417461 584720 711403 832741 6397751 5036856 9927398 8262667 453007 500050 5149 12475719 9607702 12933875 10107752 X -3717880 -2677827 711403 832742 0 0 -3006477 -1845085 9927398 8262667 X -5934 1167326 X 0 1 X 1 0 X -1582 7000 6318 -900 7718 9300 -1582 1.00000 0 0 337700 193309 144391 1079761 391411 688350 832741 DEFERRED OUTFLOWS - PENSION 4796256 DUE FROM SPECTRUM BUILDING COMPANY 240600 5036856 NET PENSION LIABILITY 3850819 DEFERRED INFLOWS - PENSION 5756883 9607702 10374512 1338005 1338005 9036507 0 9036507 11831399 2963437 2963437 8867962 174479 174479 9042441 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 1,323,098. FUNDRAISING EVENT EXPENSES 3,543. SPIRITWEAR INVENTORY EXPENSES 11,364. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECTRUM BUILDING COMPANY EXPENSES 2,652,714. CAPITALIZED BUILDING IMPROVEMENTS AND EQUIPMENT 295,816. FUNDRAISING EVENT EXPENSES 3,543. SPIRITWEAR INVENTORY EXPENSES 11,364. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 162,266. LOSS ON ASSET DISPOSAL 12,213. 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 18311 18311 3543 18311 18311 3543 3543 -3543 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 AND SCOTT GANGL 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: PENSION EXPENSE RELATING TO NET PENSION LIABILITIES 1,383,955. DIRECT AID CONTRIBUTIONS RELATING TO NET PENSION LIABILITIES -216,629. 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 1273169 LEASE AGREEMENT SPECTRUM BUILDING COMPANY Q 137253 CASH PAID SPECTRUM BUILDING COMPANY D 240600 CASH BALANCE