2019-04-29T08:44:03-05:00 2018-06-30 411431613 BERGANKDV LTD 3800 AMERICAN BLVD WEST SUITE 1000 MINNEAPOLIS MN 554314420 990 2017-07-01 208877750 KIPP MINNESOTA KIPP 6122879700 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 STEVE PIEPER TREASURER 6122879700 2019-03-04 1 THERESA GOETTE P01062926 9525636800 2019-03-04 73.88.62.68 2019-03-04 13:55:41 CS P 8D0891DDB8A84CCBC29BD8AFE3F9BE1C21CA493F 26FD29C46CA03EE3A513A87DB0D8118177507035 2017 2019-02-21 02:37:17Z RANDOLPH CAMERON WINTON 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 7248282 0 X WWW.KIPPMINNESOTA.ORG X 2007 MN SEE PART III, LINE 1. 13 11 81 15 0 0 5601314 7227239 2184 6189 -2372 2400 18696 12454 5619822 7248282 0 106665 0 0 4249272 5175371 0 0 21656 2367359 2808886 6616631 8090922 -996809 -842640 1397403 6271604 2997606 8714447 -1600203 -2442843 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 6434008 106665 18643 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, 2018 WAS 324 STUDENTS. 6434008 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 81 1 0 0 0 0 0 0 0 0 0 0 X 13 11 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 SEAN WALKER BOARD CHAIR 5.00 X X 0 0 0 JIM HURLEY VICE CHAIR 5.00 X X 0 0 0 STEVE PIEPER TREASURER 5.00 X X 0 0 0 BENJAMIN SHANE SECRETARY 5.00 X X 0 0 0 LISA DUNLAP BOARD MEMBER 5.00 X 0 0 0 CAM WINTON BOARD MEMBER 5.00 X 0 0 0 STEPHANIE MILLAR BOARD MEMBER 45.00 X 75275 0 10285 SARAH REISDORF BOARD MEMBER (PARTIAL YEAR) 45.00 X 41311 0 6823 MIKE SHELTON BOARD MEMBER 5.00 X 0 0 0 KRISTINE STRAUMANN BOARD MEMBER (PARTIAL YEAR) 5.00 X 0 0 0 CAROLINE CORREIA BOARD MEMBER 5.00 X 0 0 0 BRENDA RADICHEL QUAYE BOARD MEMBER 5.00 X 0 0 0 RENEE UZONG BOARD MEMBER 5.00 X 0 0 0 MICHAEL KURHAJETZ VICE CHAIR (PARTIAL YEAR) 5.00 X X 0 0 0 STELLA THOMAS BOARD MEMBER (PARTIAL YEAR) 5.00 X 0 0 0 TRISTOFAH IVORY BOARD MEMBER (PARTIAL YEAR) 5.00 X 0 0 0 NICOLE BOARDMAN EXECUTIVE DIRECTOR 40.00 X 41137 0 3667 157723 0 20775 0 0 0 0 METRO TRANSPORTION NETWORK INC 8260 HICKORY ST NE FRIDLEY MN 55432 STUDENT TRANSPORTATION 337480 MONARCH BUS SERVICE INC 101 EAST 10TH STREET STE 300 HASTINGS MN 55033 STUDENT TRANSPORTATION 266422 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 265968 FREDRICK ARCHER 10 2ND AVE SE APT 410 MINNEAPOLIS MN 55414 STUDENT RECRUITMENT 107800 RAINBOW TAXI CORPORATION 4808 PARK GLEN ROAD ST LOUIS PARK MN 55416 STUDENT TRANSPORTATION 102547 5 6104677 1122562 7227239 MEDICAL ASSISTANCE 611710 6006 6006 FEES FROM PATRONS 611710 183 183 6189 2400 2400 MISCELLANEOUS REVENUE 900099 12454 12454 12454 7248282 18643 0 2400 106665 106665 274899 140621 134278 87416 87416 2966639 2381548 585091 1361248 1083702 277546 223212 170178 53034 261957 192632 69325 6890 6890 79850 79850 235355 203965 9734 21656 96138 96138 121324 62017 59307 181121 132860 48261 722250 722250 42235 28275 13960 30718 6518 24200 9916 9916 STUDENT TRANSPORTATION 717466 717466 FOOD SERVICE 317623 317623 DUES & MEMBERSHIPS 84537 84537 EQUIP RENTAL & MAINT 76276 70585 5691 87187 87187 8090922 6434008 1635258 21656 X 156394 170648 470252 770019 525068 674625 183957 128842 219278 176415 61732 42863 0 4484607 1397403 6271604 207370 429766 18149 100000 2672087 8284681 2997606 8714447 X -1561935 -2485706 -38268 42863 0 0 -1600203 -2442843 1397403 6271604 -842640 0 X 0 1 X 1 0 X 9500 250 9250 5000 5000 500 9500 5000 5000 1.00000 0 0 219278 176415 42863 42863 DEFERRED PENSION OUTFLOWS 4484607 4484607 NET PENSION LIABILITY 6926984 DEFERRED PENSION INFLOWS 1357697 8284681 7248282 0 7248282 0 7248282 7044066 126045 126045 6918021 1172901 1172901 8090922 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 XII, LINE 2D - OTHER ADJUSTMENTS: CAPITALIZED EQUIPMENT 26,045. LEASE BUYOUT LOAN PAYMENT 100,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 30,718. CHANGE IN PENSION LIABILITIES 1,127,987. LOSS ON ASSET DISPOSAL 14,196. 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. 0 KIPP FOUNDATION 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 943362724 501(C)(3) 106665 REPAYMENT OF OVERPAID GRANT FROM PRIOR YEAR. 1 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. STEPHANIE MILLAR AND SARAH REISDORF 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. 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 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0