2020-07-15T19:40:02-07:00 2019-06-30 Robert Reese Procaccini CPA 2151 Hamline Avenue North Suite 212 Roseville MN 55113 990 2018-07-01 464156040 LEVEL UP ACADEMY LEVE 6514085559 East 2600 County Road E White Bear Lake MN 55110 Molly Dandelet Director 6514085559 2020-05-07 1 Robert Procaccini P01890510 6516366358 2020-05-07 X 216.160.45.173 2018 2021-01-29 14:40:06Z Molly Dandelet East 2600 County Road E White Bear Lake MN 55110 1965643 0 X www.levelupacademy.org X 2013 MN By tapping the intrinsic motivation and curiosity of every child, we deliver higher than usual growth. 5 3 0 10 0 0 1715671 1922025 23731 32090 0 20 0 10890 1739402 1965025 0 0 0 0 354891 1431851 0 0 0 1734919 315259 2089810 1747110 -350408 217915 1723864 1905943 2132720 2096884 -408856 -190941 By tapping the intrinsic motivation and curiosity of every child, we deliver higher than usual growth. 0 0 1459612 0 32090 All children have limitless joyful curiosity and capacity for reaching their potential. Our curriculum will reflect the significant needs of the students from the entire spectrum of learning requirements. Our students will continually "level up." We strive for technology to be an intentional part of the methods and our curriculum will be aimed at high achievement and best practice aligned to the Minnesota State Standards. The school served 96 students during the fiscal year. 0 0 0 1459612 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 9 0 1 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X Dieci School Finance LLC 6516366358 2151 Hamline North Suite 212 Roseville MN 55113 Dennis Hastings Board Chair 2 0 X X 0 0 0 Carol McFarlane Community Member 2 0 X 0 0 0 Amber Espinosa Secretary 40 0 X X 0 71202 13188 Joel Giese Treasurer 40 0 X X 0 52477 11532 Ashley Hayes Parent Representative 2 0 X 0 0 0 Molly Dandelet Director, Ex Officio 40 0 X 0 88863 14801 0 212542 39521 1 0 0 0 Edvisions Cooperative 501 Main Street Henderson MN 56044 Educators and Management 1153169 1 0 0 0 0 1877421 44604 0 1922025 Student Program Fees 611710 18438 18438 0 0 Food Sales 611710 13652 13652 0 0 0 0 0 0 32090 20 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11508 618 10890 10890 0 0 0 1965025 43000 0 0 0 0 0 0 0 0 0 0 258817 153270 105547 0 0 0 0 0 799886 737267 62619 0 81626 68660 12966 0 210531 177090 33441 0 80991 68126 12865 0 89108 45187 43921 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10457 4190 6267 0 0 0 0 0 37822 34505 3317 0 17169 10676 6493 0 0 0 0 0 202263 202263 0 0 0 0 0 0 0 0 0 0 6549 6549 0 0 0 0 0 0 0 0 0 0 17121 17121 0 0 7606 7606 0 0 Transportation 44338 44338 0 0 Food Service 25066 25004 62 0 Instructional Materials 8794 8794 0 0 Pension Expense - Actuary -151034 -151034 0 0 0 0 1747110 1459612 287498 0 120971 125030 202783 260836 1943 0 6904 169018 42743 143396 126275 1256714 1384955 1723864 1905943 311395 251352 47000 1821325 1798532 2132720 2096884 X -552252 -317216 143396 126275 0 0 -408856 -190941 1723864 1905943 217915 0 0 0 0 0 X 0 1 X 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 169018 42743 126275 0 0 0 0 126275 Deferred Outflows - Pension 1384955 1384955 0 Net Pension Liability 641679 Deferred Inflows - Pension 1156853 1798532 X 1965025 0 0 0 0 0 1965025 0 0 0 1965025 1747110 0 0 0 0 0 1747110 0 0 0 1747110 Schedule D, Part I, Line 2 Income taxes the charter school is exempt from under section 501c(3) of IRS code. The charter is not a private foundation and contributions qualify as tax deductions by the contributor. The charter has been evaluated for uncertain tax positions and the management has determined that there are no uncertain tax positions as of June 30, 2019. The charters tax returns are subject to examination by the taxing authorities. Federal tax returns remain open for a possible examination period of three years after the date of the filed returns. During the period ending June 30, 2019, the school has not incurred any interest or penalties on its tax returns. Schedule D, Part X, Line 2 A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard. 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 policies are public and published on the school's website and are readily available to the public. Schedule E, Part I, Line 6 The school receives aids through the State of Minnesota for the purpose of providing educational services to its' students. Form 990, Part VI, Section B, Line 11b Management reviews Form 990 with a contract accountant. This process was conducted prior to filing Form 990 with the IRS. Form 990, Part VI, Section B, Line 12c The board and school continuously monitors any conflicts of interests in accordance with their policies. Form 990, Part VI, Section B, Line 15 The Board determines the Executive Director's compensation as part of the budget process. Generally a flat percent amount for all staff. The compensation determination is documented in the board minutes. The process was last conducted in 2019 for the Partnership Director, Molly Dandelet. The Partnership Director makes recommendations to the Board for other staff based upon annual performance reviews and comparative salary information from other Minnesota charter schools. The Board determines staff compensation as part of the budget process. This process was last conducted in 2019 for all other employees. Form 990, Part VI, Section C, Line 19 Documents are public and documents available upon request.