2020-04-30T10:42:53-05:00 2019-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2018-07-01 208877750 KIPP MINNESOTA KIPP 6122879700 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 KRISTINE STRAUMANN TREASURER 6122879700 2020-01-20 1 THERESA GOETTE P01062926 9525636800 2020-01-20 70.97.219.241 2020-01-20 13:00:22 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6043821AFCD7ED77A98774CF22E6A57363197761 2018 2020-09-23 17:36:50Z CAM WINTON 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 8738240 0 X WWW.KIPPMINNESOTA.ORG X 2007 MN SEE PART III, LINE 1. 9 8 115 25 0 0 7227239 8690224 6189 22189 2400 2841 12454 16123 7248282 8731377 106665 0 0 0 5175371 5326893 0 0 7600 2808886 3450361 8090922 8777254 -842640 -45877 6271604 7873847 8714447 9605885 -2442843 -1732038 ESTABLISH AND OPERATE HIGH PERFORMING PUBLIC SCHOOLS IN THE TWIN CITIES THAT CONFRONT EDUCATIONAL INEQUITY BY DELIVERING ACADEMIC EXCELLENCE AND CULTIVATING LEADERSHIP SKILLS TO ENSURE ALL STUDENTS SUCCEED IN COLLEGE AND LIFE. 0 0 7108312 45175 KIPP MINNESOTA IS DEDICATED TO BUILDING A SYSTEM OF KIPP SCHOOLS IN THE TWIN CITIES METRO AREA OVER THE NEXT 20 YEARS BASED ON THE BELIEF THAT ALL STUDENTS CAN LEARN AND WITH THE EXPECTATION THAT ALL STUDENTS CAN AND SHOULD GO TO COLLEGE. 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 BY EMPOWERING OUR STUDENTS WITH AN EXCELLENT AND RIGOROUS EDUCATION, CHARACTER SKILL BUILDING AND HIGH EXPECTATIONS. THROUGH OUR WORK WITH OUR STUDENTS, WE BEGIN THE CRITICAL TASK OF NOT JUST CLOSING BUT ELIMINATING THE ABHORRENT ACHIEVEMENT GAP IN MINNESOTA. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2019 WAS 378 STUDENTS. 7108312 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 0 0 0 1 14 0 1 115 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 MN X BERGANKDV 6514632233 22488 CHIPPENDALE AVENUE WEST FARMINGTON MN 55024 X BENJAMIN SHANE SECRETARY (PARTIAL YEAR) 5.00 X X 0 0 0 CAM WINTON BOARD CHAIR 5.00 X X 0 0 0 CAROLINE CORREIA BOARD MEMBER 5.00 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 LISA DUNLAP BOARD MEMBER 5.00 X 0 0 0 MIKE SHELTON BOARD MEMBER 5.00 X 0 0 0 PAUL MULDOON BOARD MEMBER 5.00 X 0 0 0 RENEE UZONG SECRETARY 5.00 X X 0 0 0 SARAH REISDORF BOARD MEMBER 45.00 X 47631 0 7829 SEAN WALKER BOARD CHAIR (PARTIAL YEAR) 5.00 X X 0 0 0 STEVE PIEPER TREASURER (PARTIAL YEAR) 5.00 X X 0 0 0 NICOLE BOARDMAN EXECUTIVE DIRECTOR 40.00 X 167588 0 14246 JAMIE SCHERLE PRINCIPAL 40.00 X 105018 0 4473 REBECCA GALLT CHIEF OPERATING OFFICER 40.00 X 101650 0 12452 421887 0 39000 3 0 1 0 MONARCH BUS SERVICE INC 101 EAST 10TH STREET STE 300 HASTINGS MN 55033 STUDENT TRANSPORTATION 532568 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 358963 RAINBOW TAXI CORPORATION 4808 PARK GLEN ROAD ST LOUIS PARK MN 55416 STUDENT TRANSPORTATION 163831 FREDRICK ARCHER 10 2ND AVE SE APT 410 MINNEAPOLIS MN 55414 STUDENT RECRUITMENT 120000 4 68831 7371947 1249446 500 8690224 MEDICAL ASSISTANCE 611710 22189 22189 22189 2841 2841 0 68831 6863 -6863 -6863 MISCELLANEOUS REVENUE 900099 22986 22986 22986 8731377 45175 0 -4022 261139 63404 197735 97777 97777 4037344 3277006 760338 317088 257160 59928 275625 239613 36012 337920 260506 77414 41557 41557 85240 85240 333387 269328 56459 7600 141791 141791 201766 122463 79303 241663 211592 30071 834520 834520 64149 44561 19588 1193 1193 13921 6443 7478 25386 25386 STUDENT TRANSPORTATION 836630 836630 FOOD SERVICE 395497 395497 EQUIP RENTAL & MAINT 80151 78774 1377 DUES & MEMBERSHIPS 61336 205 61131 92174 86254 5920 8777254 7108312 1661342 7600 X 170648 217027 770019 304749 674625 1366168 128842 201253 254572 167516 42863 87056 4484607 5697594 6271604 7873847 429766 770799 100000 8284681 8735086 8714447 9605885 X -2485706 -1819094 42863 87056 0 0 -2442843 -1732038 6271604 7873847 X -45877 756682 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250 9250 9500 250 9250 5000 5000 500 9500 5000 5000 1.00000 0 0 41000 1253 39747 213572 166263 47309 87056 DEFERRED PENSION OUTFLOWS 5691694 DUE FROM KIPP MINNESOTA ABC 5900 5697594 NET PENSION LIABILITY 3427536 DEFERRED PENSION INFLOWS 5307550 8735086 X 8738240 6863 6863 8731377 0 8731377 8834211 70878 70878 8763333 13921 13921 8777254 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, 2019, 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 6,863. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAPITALIZED EQUIPMENT 58,115. KIPP MINNESOTA ABC EXPENDITURES 5,900. FUNDRAISING EVENT EXPENDITURES 6,863. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 13,921. 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 68831 68831 1849 4228 786 68831 68831 1849 4228 786 6863 -6863 X X X 0 0 0 0 0 0 0 0 0 NICOLE BOARDMAN EXECUTIVE DIRECTOR 165000 0 2588 0 0 0 12739 0 1507 0 181834 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. SARAH REISDORF IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR HER 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 928,087. DIRECT AID CONTRIBUTIONS RELATING TO NET PENSION LIABILITIES -171,405. 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 0 0 0 1 0 0 0 0 0