2019-05-15T11:57:44-05:00 2018-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2017-07-01 651216244 PRAIRIE SEEDS ACADEMY PRAI 7634501388 6200 W BROADWAY AVE N BROOKLYN PARK MN 55428 BAO VANG CHIEF EXECUTIVE OFFICER 7634501388 2019-05-14 1 THERESA GOETTE P01062926 9525636800 2019-05-14 70.97.219.241 2019-05-14 10:06:50 CD P 8D0891DDB8A84CCBC29BD8AFE3F9BE1C21CA493F 26FD29C46CA03EE3A513A87DB0D8118177507035 2017 2019-02-21 02:37:17Z KEVIN XIONG 6200 W BROADWAY AVE N BROOKLYN PARK MN 55428 10756797 0 X WWW.PSAK12.ORG X 2004 MN PROVIDE EDUCATIONAL PROGRAMS FOR GRADES K-12 IN COMPLIANCE WITH MINNESOTA PUBLIC EDUCATION. 6 5 147 25 0 0 1236152 10666739 9068738 35980 1716 27142 0 15882 10306606 10745743 0 0 0 0 5297895 7339722 0 0 3200 6455838 5238125 11753733 12577847 -1447127 -1832104 17022411 14909693 14698279 14417665 2324132 492028 PRAIRIE SEEDS ACADEMY, IN COOPERATION WITH FAMILIES AND THE COMMUNITY, PROVIDES LEADERSHIP IN RIGOROUS EDUCATION TO DEVELOP INQUIRING, KNOWLEDGEABLE, AND CARING CITIZENS WHO HELP CREATE A BETTER AND MORE PEACEFUL WORLD THROUGH INTERCULTURAL UNDERSTANDING AND RESPECT. 0 0 10569528 39608 PRAIRIE SEEDS ACADEMY (PSA) OPENED IN THE FALL OF 2004 FOCUSED ON SERVING UNDERPRIVILEGED CHILDREN. SINCE THE OPENING OF PSA, THE SCHOOL HAS GROWN TO AN ENROLLMENT OF AT TIMES OVER 800 STUDENTS SERVING A WIDE VARIETY OF STUDENTS ON GRADES K-12. THE SCHOOL HAS MADE SIGNIFICANT PROGRESS CLOSING THE EDUCATION ACHIEVEMENT GAP THAT EXIST IN THE STUDENTS PSA CURRENTLY SERVE. DURING THE FISCAL YEAR ENDED JUNE 30, 2018, PRAIRIE SEEDS ACADEMY SERVED AN AVERAGE OF 751 STUDENTS. 10569528 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 1 25 0 1 147 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 MN X BERGANKDV 6514632233 22488 CHIPPENDALE AVE FARMINGTON MN 55024 X KEVIN XIONG BOARD CHAIR 2.00 X X 0 0 0 JEFF CULP VICE CHAIR 42.00 2.00 X X 53864 0 9985 MEE VANG SECRETARY 2.00 X X 0 0 0 BECKY BUCKLEY TREASURER 2.00 2.00 X X 0 0 0 MAI NENG MOUA BOARD MEMBER 2.00 X 0 0 0 KAZOUA YANG BOARD MEMBER 2.00 X 0 0 0 CHA GER YANG CHIEF EXECUTIVE OFFICER 40.00 X 147080 0 25150 CHOUA LEE YANG PRINCIPAL 40.00 X 142675 0 24125 343619 0 59260 2 0 1 0 CKC GOOD FOOD PO BOX 431419 MINNEAPOLIS MN 55443 FOOD SERVICE 461455 THRIVE EDUCATION 394 UNIVERSITY AVE W ST PAUL MN 55103 BUSINESS MGMT SERVICES 270630 HMONG AMERICAN PARTNERSHIP 1075 ARCADE STREET ST PAUL MN 55106 BUSINESS MGMT SERVICES 254567 NORTHSTAR BUS LINES LLC 11800 95TH AVE N MAPLE GROVE MN 55369 TRANSPORTATION 240567 TEACHING TEMPS INC 5300 GLENWOOD AVE STE 300 MINNEAPOLIS MN 55422 SUBSTITUTES 156242 6 10661474 5265 10666739 FEES FROM PATRONS 611710 19631 19631 MEDICAL ASSISTANCE 611710 13333 13333 FOOD SALES 611710 3016 3016 35980 27142 27142 23308 11054 12254 12254 MISCELLANEOUS REVENUE 611710 3628 3628 3628 10745743 39608 0 39396 246278 66225 180053 65741 65741 4308004 3807369 500635 1968427 1756881 211546 388577 313786 74791 362695 297560 65135 648644 648644 23600 23600 137980 137980 720484 711357 5927 3200 29400 29400 236439 179587 56852 276093 237855 38238 1704694 1704694 33642 30398 3244 208994 205182 3812 43087 43087 FOOD SERVICE 508496 508496 STUDENT TRANSPORTATION 327630 327630 EQUIP RENTAL & MAINT 203985 203985 INSTRUCTIONAL SUPPLIES 77138 77138 57819 32557 25262 12577847 10569528 2005119 3200 X 6068972 242579 5851942 1133684 1184130 44632 34704 3089875 1951640 1226463 1138235 8548660 6458103 17022411 14909693 763034 1168203 13935245 13249462 14698279 14417665 X 927113 -646207 1365455 1138235 31564 0 2324132 492028 17022411 14909693 -1832104 0 X 0 1 X 1 1 1 X 911213 377378 533835 2178662 1574262 604400 1138235 DEFERRED OUTFLOWS OF RESOURCES - PENSION 6458103 6458103 NET PENSION LIABILITY 11303192 DEFERRED INFLOWS OF RESOURCES - PENSION 1946270 13249462 12277384 1550641 1550641 10726743 19000 19000 10745743 12030383 1504218 1504218 10526165 2051682 2051682 12577847 PART XI, LINE 2D - OTHER ADJUSTMENTS: PSA BUILDING COMPANY REVENUES 1,550,641. PART XI, LINE 4B - OTHER ADJUSTMENTS: STATE AID RELATED TO PENSION 19,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PSA BUILDING COMPANY EXPENSES 1,339,933. CAPITALIZED EQUIPMENT & LEASEHOLD IMPROVEMENT 120,766. CHANGE IN COMPENSATED ABSENCES 43,519. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN NET PENSION LIABILITIES 1,642,688. DEPRECIATION EXPENSE 208,994. CHANGE IN SEVERANCE PAYABLE 200,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY IS INCLUDED IN REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 CHA GER YANG CHIEF EXECUTIVE OFFICER 147080 0 0 0 0 0 18109 0 7041 0 172230 0 0 0 CHOUA LEE YANG PRINCIPAL 142675 0 0 0 0 0 17689 0 6436 0 166800 0 0 0 CHOUA LEE YANG FAMILY RELATIONSHIP WITH CHA GER YANG, CHIEF EXECUTIVE OFFICER 175008 FISCAL YEAR COMPENSATION 0 CRYSTAL VANG FAMILY RELATIONSHIP WITH CHA GER YANG, CHIEF EXECUTIVE OFFICER 85688 FISCAL YEAR COMPENSATION 0 MONG VANG FAMILY RELATIONSHIP WITH CHA GER YANG, CHIEF EXECUTIVE OFFICER 93058 FISCAL YEAR COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL CONTRACTED WITH HMONG AMERICAN PARTNERSHIP (HAP)/THRIVE EDUCATION TO PROVIDE DAY-TO-DAY ADMINISTRATIVE AND BUSINESS OPERATIONS OF THE SCHOOL, INCLUDING, WITHOUT LIMITATION: - IMPLEMENTATION AND ADMINISTRATIVE OVERSIGHT OF THE SCHOOL'S EDUCATIONAL PROGRAM AND ITS EXTRA- AND CO-CURRICULAR ACTIVITIES, AS APPROVED OR DELEGATED BY THE BOARD OF DIRECTORS; AND - IMPLEMENTATION OF ALL HUMAN RESOURCES POLICIES AND PROCEDURES, OVERSIGHT OF MANAGEMENT OF ALL THE SCHOOL'S STAFFING DECISIONS, AS APPROVED OR DELEGATED BY THE BOARD OF DIRECTORS. PENNY VANG, EMPLOYEE OF HAP/THRIVE, WAS RESPONSIBLE FOR ALL THE DAY-TO-DAY ADMINISTRATIVE AND BUSINESS OPERATIONS OF THE SCHOOL. IN CALENDAR YEAR 2017, PENNY RECEIVED $52,500 IN SALARY AND BENEFITS FROM HAP/THRIVE FOR THESE SERVICES. BAO VANG, EMPLOYEE OF HAP/THRIVE, PROVIDED LEADERSHIP, SUPERVISION AND SUPPORT TO PENNY VANG. IN CALENDAR YEAR 2017, BAO RECEIVED $64,088 IN SALARY AND BENEFITS FROM HAP/THRIVE FOR THESE SERVICES. SHE REPORTED TO THE BOARD OF DIRECTORS AND WORKED CLOSELY WITH THE SCHOOL'S AUTHORIZER, PARTNERS AND STAKEHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A ALL PARENTS AND GUARDIANS OF STUDENTS AT THE PRAIRIE SEEDS ACADEMY AND ALL STAFF EMPLOYED BY THE PRAIRIES SEEDS ACADEMY SHALL BE ELIGIBLE TO VOTE IN THE ELECTIONS FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE SCHOOL'S ACCOUNTANT. ONCE THE FORM IS COMPLETED, IT IS GIVEN TO THE CEO AND FINANCIAL MANAGER FOR REVIEW BEFORE IT IS SIGNED AND FILED. THE ENTIRE BOARD DOES NOT REVIEW THE 990 PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO ANNUALLY REPORT ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR. ANY POTENTIAL CONFLICTS ARE IDENTIFIED AND RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL MARKET RATE ANALYSIS IS USED TO DETERMINE APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS 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. JEFF CULP IS A BOARD MEMBER, BUT RECEIVED COMPENSATION FOR HIS SERVICE 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. PSA BUILDING COMPANY 6200 WEST BROADWAY AVENUE NORTH BROOKLYN PARK MN 55428 205892795 FACILITY RENTAL MN 501(C)(3) LINE 12A, I PRAIRIE SEEDS ACADEMY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 PSA BUILDING COMPANY K 1530335 LEASE AGREEMENT