VENTURE ACADEMIES: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: VENTURE ACADEMIES (EIN 61-1677994)
Tax period: 2017-07-01 to 2018-06-30
Filed: 2019-05-14
IRS object ID: 201901349349305950
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule E
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-05-14T13:14:44-05:00	ReturnTs
Tax Period End	2018-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	411656121	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SCHLENNER WENNER & CO CPA'S PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	630 ROOSEVELT RD STE 201	AddressLine1Txt
City	ST CLOUD	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	56301	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	611677994	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VENTURE ACADEMIES	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VENT	BusinessNameControlTxt
Phone	6123459040	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	315 27TH AVE SE	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55414	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JON BACAL	PersonNm
Person Title	CHIEF ENTREPRENEUSHIP OFFICER	PersonTitleTxt
Phone	6126952396	PhoneNum
Signature	2019-04-22	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SHELLEY M GAETZ	PreparerPersonNm
PTIN	P00066049	PTIN
Phone	3202510286	PhoneNum
Preparation	2019-04-22	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	64.88.174.3	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-04-22	IPDt
IP Tm	06:17:09	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	263E1B184108BFE8AB0E1A8361949DB89699BFC1	AtSubmissionCreationDeviceId
At Submission Filing Device Id	3C83DF274EDB89D174D1274ACF206FA6E214584D	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JON BACAL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	315 27TH AVE SE	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55414	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$5,620,676	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.VENTUREACADEMIES.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2012	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	THE MISSION OF VENTURE ACADEMY IS TO BUILD ENTREPRENEURIAL LEADERS BY DEVELOPING THE INDEPENDENCE, SCHOLARSHIP AND LEADERSHIP OF YOUNG PEOPLE.THE VISION OF VENTURE ACADEMY IS FOR EVERY YOUNG PERSON TO BECOME AN ENTREPRENEURIAL LEADER WHO IMPROVES THE WORLD AROUND THEM.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	55	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$5,085,590	PYContributionsGrantsAmt
CY Contributions Grants	$5,532,639	CYContributionsGrantsAmt
PY Program Service Revenue	$110,144	PYProgramServiceRevenueAmt
CY Program Service Revenue	$88,037	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$5,195,734	PYTotalRevenueAmt
CY Total Revenue	$5,620,676	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$4,051,239	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$4,705,355	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,868,037	PYOtherExpensesAmt
CY Other Expenses	$2,325,233	CYOtherExpensesAmt
PY Total Expenses	$5,919,276	PYTotalExpensesAmt
CY Total Expenses	$7,030,588	CYTotalExpensesAmt
PY Revenues Less Expenses	-$723,542	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$1,409,912	CYRevenuesLessExpensesAmt
Total Assets BOY	$5,766,307	TotalAssetsBOYAmt
Total Assets EOY	$6,338,081	TotalAssetsEOYAmt
Total Liabilities BOY	$6,271,586	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$8,253,272	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$505,279	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$1,915,191	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO IGNITE THE PASSION OF ALL YOUNG PEOPLE TO BECOME INNOVATORS AND ENTREPRENEURIAL LEADERS WHO WILL CHANGE THE WORLD. VENTURE SEEKS TO ENABLE YOUNG PEOPLE TO ACHIEVE UNPRECEDENTED LEARNING GROWTH, DEMONSTRATE CHARACTER AND LEADERSHIP AND LEARN TO IMAGINE OPPORTUNITIES, TAKE INITIATIVE AND CREATE SOLUTIONS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$6,013,449	ExpenseAmt
Revenue	$88,037	RevenueAmt
Desc	VENTURE ACADEMY IS A MIDDLE AND HIGH SCHOOL SERVING GRADES 6 THROUGH 11, EXPANDING TO 12TH GRADE IN 2019. THE SCHOOL EDUCATED STUDENTS WITH A COMBINED PURPOSE OF GROWING THE ENTREPRENEURIAL SPIRIT WHILE ASPIRING TO REACH INDIVIDUAL GOALS AND STATE EDUCATIONAL STANDARDS.	Desc
Total Program Service Expenses	$6,013,449	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	18	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	55	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ANTON GROUP	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3203095662	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1335 PIERCE BUTLER ROUTE	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55104	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
BRIAN PETERSON
CHAIRPERSON	5.00	Yes (X)	Yes (X)	$0	$0	$0
BRAD POGALZ
TREASURER	2.00	Yes (X)	Yes (X)	$0	$0	$0
BETSY OHRN
SECRETARY	2.00	Yes (X)	Yes (X)	$0	$0	$0
JASON DAVIS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JEFF ROBBINS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
TROY STRAND
DIRECTOR	1.00	Yes (X)		$0	$0	$0
RAJIV TANDON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
CHARLES ELLWORTH
DIRECTOR	1.00	Yes (X)		$55,375	$0	$6,191
BETH HAWKINS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JACE CARLSON
DIRECTOR	1.00	Yes (X)		$43,604	$0	$3,716
ANDREW LAWTON
DIRECTOR	1.00	Yes (X)		$63,327	$0	$4,928
JON BACAL
EXECUTIVE DIRECTOR	40.00		Yes (X)	$97,872	$0	$10,369

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$260,178	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$25,204	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NHH REALTIES
317 2ND AVE S STE 800	MINNEAPOLIS	MN	55401	RENT	$501,947
MONARCH BUS SERVICE INC
101 EAST 10TH STREET STE 300	HASTINGS	MN	55033	TRANSPORTATION	$477,776
NEW HORIZON FOODS
211 2ND ST NW	ST MICHAEL	MN	55376	FOOD SERVICE	$200,976

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	3	CntrctRcvdGreaterThan100KCnt
Government Grants	$5,532,639	GovernmentGrantsAmt
Total Contributions	$5,532,639	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	LOCAL REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$88,037	TotalRevenueColumnAmt
Related Or Exempt Func Income	$88,037	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$88,037	TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,620,676	TotalRevenueColumnAmt
Related Or Exempt Func Income	$88,037	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$299,515	TotalAmt
Program Services	$299,515	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,400,177	TotalAmt
Program Services	$2,055,337	ProgramServicesAmt
Management And General	$344,840	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,514,287	TotalAmt
Program Services	$1,314,758	ProgramServicesAmt
Management And General	$199,529	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$285,674	TotalAmt
Program Services	$228,370	ProgramServicesAmt
Management And General	$57,304	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$205,702	TotalAmt
Program Services	$177,324	ProgramServicesAmt
Management And General	$28,378	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,018,291	TotalAmt
Program Services	$889,888	ProgramServicesAmt
Management And General	$128,403	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$709	TotalAmt
Program Services	$120	ProgramServicesAmt
Management And General	$589	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$35,124	TotalAmt
Program Services	$8,296	ProgramServicesAmt
Management And General	$26,828	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$629,922	TotalAmt
Program Services	$547,236	ProgramServicesAmt
Management And General	$82,686	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$20,307	TotalAmt
Program Services	$19,993	ProgramServicesAmt
Management And General	$314	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$28,508	TotalAmt
Program Services	$18,641	ProgramServicesAmt
Management And General	$9,867	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$22,791	TotalAmt
Program Services	$22,791	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$62,044	TotalAmt
Program Services	$49,627	ProgramServicesAmt
Management And General	$12,417	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$12,332	TotalAmt
Program Services	$7,900	ProgramServicesAmt
Management And General	$4,432	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
FOOD SERVICE	$232,842	$221,865	$10,977
NON-INSTRUCTIONAL SUPPL	$131,035	$50,537	$80,498
INSTRUCTIONAL SUPPLIES	$77,708	$77,708
DUES & MEMBERSHIPS	$38,727	$8,650	$30,077

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$14,893	TotalAmt
Program Services	$14,893	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,030,588	TotalAmt
Program Services	$6,013,449	ProgramServicesAmt
Management And General	$1,017,139	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$218,139	BOYAmt
EOY	$349,774	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$753,357	BOYAmt
EOY	$422,206	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,200	BOYAmt
EOY	$3,114	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$78,438	BOYAmt
EOY	$149,310	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$574,833	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$155,908	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$453,417	BOYAmt
EOY	$418,925	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,261,756	BOYAmt
EOY	$4,994,752	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,766,307	BOYAmt
EOY	$6,338,081	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$240,250	BOYAmt
EOY	$339,179	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$466,295	BOYAmt
EOY	$265,490	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,565,041	BOYAmt
EOY	$7,648,603	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,271,586	BOYAmt
EOY	$8,253,272	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$112,122	BOYAmt
EOY	$153,515	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	-$617,401	BOYAmt
EOY	-$2,068,706	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$505,279	BOYAmt
EOY	-$1,915,191	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,766,307	BOYAmt
EOY	$6,338,081	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$1,409,912	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$427,768	OtherCostOrOtherBasisAmt
Depreciation	$84,324	DepreciationAmt
Book Value	$343,444	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$147,065	OtherCostOrOtherBasisAmt
Depreciation	$71,584	DepreciationAmt
Book Value	$75,481	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$418,925	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	DEFERRED OUTFLOWS OF RESOURCES - PENSIONS	Desc
Book Value	$4,994,752	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$4,994,752	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
NET PENSION LIABILITY	$6,501,400
DEFERRED INFLOWS OF RESOURCES - PENSION	$1,147,203

Field	Value	IRS element (for citing)
Total Liability	$7,648,603	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$5,620,676	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$5,620,676	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$5,620,676	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$7,030,588	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$7,030,588	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$7,030,588	TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	POLICIES ARE MADE AVAILABLE UPON REQUEST AND DURING REGISTRATION.
SCHEDULE E, PART I, LINE 6	IN MINNESOTA, CHARTER SCHOOLS ARE CONSIDERED PUBLIC SCHOOLS AND, AS SUCH, RECEIVE GENERAL EDUCATION AND SPECIAL EDUCATION AIDS IN ACCORDANCE WITH MINNESOTA DEPARTMENT OF EDUCATION FUNDING FORMULAS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1	THE EXECUTIVE COMMITTEE SHALL AT TIMES BE SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD, AND ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE FULL BOARD AT THE NEXT BOARD MEETING. THE FOUR OFFICERS SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD.
FORM 990, PART VI, SECTION A, LINE 7A	ANY STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS, AND ALL PARENTS AND LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE SCHOOL ARE ELIGIBLE TO VOTE FOR THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	CHANGES TO THE BYLAWS REQUIRE THE APPROVAL OF THE TEACHER STAFF.
FORM 990, PART VI, SECTION B, LINE 11B	THE SCHOOL'S FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL WHEN THE RETURN IS COMPLETE. ALL MEMBERS OF THE BOARD WILL RECEIVE A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS, BUT NOT AFTER CHANGES ARE MADE.
FORM 990, PART VI, SECTION B, LINE 12C	EACH BOARD MEMBER, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ALL DELIBERATIONS AND DECISIONS INVOLVING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD UNDERTAKES A COMPARISON OF COMPENSATION OF EXECUTIVE DIRECTORS IN THE TWIN CITIES IN COMPARABEL SIZE AND PROGRAM.
FORM 990, PART VI, SECTION C, LINE 19	VENTURE ACADEMY ACCEPTS REQUESTS IN WRITING OR ELECTRONICALLY FOR VIEWING OF DOCUMENTS THAT ARE DEEMED PUBLIC INFORMATION. MUCH OF THIS INFORMATION IS AVAILABLE AT BOARD MEETINGS FOR REVIEW.
FORM 990, PART IX, LINE 11G	OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 363,835. MANAGEMENT AND GENERAL EXPENSES 128,403. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 492,238. TRANSPORTATION / PUBLIC CARRIER: PROGRAM SERVICE EXPENSES 526,053. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 526,053.