STRATEGY STUDIO / PUBLIC DATA EXPLORER

NOVA CLASSICAL ACADEMY: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
NOVA CLASSICAL ACADEMY (EIN 26-0035570)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-11
IRS object ID
201801319349304565
Schema version
2016v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-11T15:53:57-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411431613PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BERGANKDV LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13800 AMERICAN BLVD WEST SUITE 1000AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554314420ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260035570EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NOVA CLASSICAL ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNOVABusinessNameControlTxt
Phone6512096320PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11455 VICTORIA WAYAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJON GUTIERREZPersonNm
Person TitleINTERIM EXECUTIVE DIRECTORPersonTitleTxt
Phone6512096320PhoneNum
Signature2018-05-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHERESA GOETTEPreparerPersonNm
PTINP01062926PTIN
Phone9525636800PhoneNum
Preparation2018-05-07PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address23.25.153.169IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-05-07IPDt
IP Tm17:19:02IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id7A8FBA314F93C43DE5EB06712644C36B580914E8AtSubmissionCreationDeviceId
At Submission Filing Device Id7A8FBA314F93C43DE5EB06712644C36B580914E8AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKAREN GROPPELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11455 VICTORIA WAYAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55102ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$10,462,049GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NOVACLASSICAL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionOFFERING A RIGOROUS, THOROUGH, SYSTEMATIC, AND CHALLENGING CLASSICAL EDUCATION TO K-12 STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee165TotalEmployeeCnt
Total Volunteers625TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,157,295PYContributionsGrantsAmt
CY Contributions Grants$9,784,666CYContributionsGrantsAmt
PY Program Service Revenue$548,620PYProgramServiceRevenueAmt
CY Program Service Revenue$623,462CYProgramServiceRevenueAmt
PY Investment Income-$2,450PYInvestmentIncomeAmt
CY Investment Income$3,703CYInvestmentIncomeAmt
PY Other Revenue$26,581PYOtherRevenueAmt
CY Other Revenue$50,177CYOtherRevenueAmt
PY Total Revenue$9,730,046PYTotalRevenueAmt
CY Total Revenue$10,462,008CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,250CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,676,072PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,710,243CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,300CYTotalFundraisingExpenseAmt
PY Other Expenses$3,472,308PYOtherExpensesAmt
CY Other Expenses$3,640,016CYOtherExpensesAmt
PY Total Expenses$9,148,380PYTotalExpensesAmt
CY Total Expenses$12,351,509CYTotalExpensesAmt
PY Revenues Less Expenses$581,666PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,889,501CYRevenuesLessExpensesAmt
Total Assets BOY$4,699,457TotalAssetsBOYAmt
Total Assets EOY$3,974,020TotalAssetsEOYAmt
Total Liabilities BOY$5,949,750TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,113,814TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,250,293NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$3,139,794NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionIN A SUPPORTIVE COMMUNITY AND THROUGH A SYSTEMATIC, ACCELERATED COLLEGE-PREPARATORY EDUCATION IN THE CLASSICAL TRADITION, NOVA CLASSICAL ACADEMY CHALLENGES ITS STUDENTS TO DEVELOP INTELLECT, TO ATTAIN THE HABITS OF LEARNING AND MASTERY, AND TO LIVE A VIRTUOUS LIFE OF DUTY AND IDEALS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,973,930ExpenseAmt
Grant$1,250GrantAmt
Revenue$660,353RevenueAmt
DescTO PROVIDE CLASSICAL LEARNING OPPORTUNITIES AND OTHER EDUCATIONAL SERVICES FOR STUDENTS OF THE TWIN CITIES AREA. THE SCHOOL HAD APPROXIMATELY 930 STUDENTS IN 2016-2017.Desc
Total Program Service Expenses$10,973,930TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document53IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee165EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BERGANKDVBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6514632233PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line122488 CHIPPENDALE AVEAddressLine1Txt
CityFARMINGTONCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55024ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
KAREN GROPPEL
BOARD CHAIR5.00Yes (X)Yes (X)$0$0$0
ROBIN CERIO
BOARD CHAIR ELECT5.00Yes (X)Yes (X)$0$0$0
ADAM FLOOD
BOARD TREASURER5.00Yes (X)Yes (X)$0$0$01.00
LAURA HOBBS
BOARD SECRETARY/TEACHER50.00Yes (X)Yes (X)$48,486$0$9,536
JASON BELTER
DIRECTOR/TEACHER50.00Yes (X)$59,718$0$9,163
ADITYA BHARADWAJ
DIRECTOR2.00Yes (X)$0$0$0
JOAN COSTELLO
DIRECTOR2.00Yes (X)$0$0$0
DAN GREENFIELD
DIRECTOR2.00Yes (X)$0$0$0
CLAUDIA GUMBINER HUNGS
DIRECTOR2.00Yes (X)$0$0$0
BECKY LUND
DIRECTOR/TEACHER50.00Yes (X)$72,971$0$11,305
PAUL MASON
DIRECTOR2.00Yes (X)$0$0$0
JEFF ELLERD
DIRECTOR, PARTIAL YEAR5.00Yes (X)$0$0$01.00
DR ERIC WILLIAMS
EXECUTIVE DIRECTOR50.00Yes (X)$137,500$0$11,751
MARI BERGERSON
UPPER CAMPUS DIRECTOR50.00$104,086$0$5,907Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$422,761TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$47,662TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MONARCH BUS CO
101 E 10TH STREET STE 300HASTINGSMN55033TRANSPORTATION$353,489
CKC GOOD FOOD
PO BOX 431419MINNEAPOLISMN55443FOOD SERVICE$218,298
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$9,679,995GovernmentGrantsAmt
All Other Contributions$104,671AllOtherContributionsAmt
Total Contributions$9,784,666TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FOOD SALES TO PUPILS611710$215,697$215,697
ACTIVITY REVENUE611710$212,213$212,213
BEFORE/AFTER SCHOOL CARE611710$117,030$117,030
FEES FROM PATRONS611710$78,522$78,522
FieldValueIRS element (for citing)
Total Program Service Revenue$623,462TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,703TotalRevenueColumnAmt
Exclusion$3,703ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$990RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$990RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$990TotalRevenueColumnAmt
Exclusion$990ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$12,337GrossSalesOfInventoryAmt
Cost Of Goods Sold$41CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,296TotalRevenueColumnAmt
Exclusion$12,296ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$36,891TotalRevenueColumnAmt
Related Or Exempt Func Income$36,891RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$36,891OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,462,008TotalRevenueColumnAmt
Related Or Exempt Func Income$660,353RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$16,989ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,250TotalAmt
Program Services$1,250ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$344,037TotalAmt
Program Services$192,681ProgramServicesAmt
Management And General$151,356ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$58,819TotalAmt
Program Services$58,819ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,651,357TotalAmt
Program Services$4,147,064ProgramServicesAmt
Management And General$504,293ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,797,457TotalAmt
Program Services$2,578,371ProgramServicesAmt
Management And General$219,086ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$464,676TotalAmt
Program Services$392,517ProgramServicesAmt
Management And General$72,159ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$393,897TotalAmt
Program Services$322,423ProgramServicesAmt
Management And General$71,474ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$25,695TotalAmt
Management And General$25,695ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$105,674TotalAmt
Management And General$105,674ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$297,999TotalAmt
Program Services$277,056ProgramServicesAmt
Management And General$18,643ManagementAndGeneralAmt
Fundraising$2,300FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,250TotalAmt
Management And General$4,250ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$207,461TotalAmt
Program Services$152,943ProgramServicesAmt
Management And General$54,518ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$152,168TotalAmt
Program Services$54,400ProgramServicesAmt
Management And General$97,768ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,606,787TotalAmt
Program Services$1,606,787ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$44,669TotalAmt
Program Services$39,756ProgramServicesAmt
Management And General$4,913ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$62,144TotalAmt
Program Services$52,417ProgramServicesAmt
Management And General$9,727ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$43,084TotalAmt
Program Services$43,084ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
STUDENT TRANSPORTATION$365,445$365,445
FOOD SERVICE$226,929$226,929
INSTRUCTIONAL SUPPLIES$189,947$189,947
EQUIP RENTAL & MAINT$110,519$110,519

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$197,245TotalAmt
Program Services$161,522ProgramServicesAmt
Management And General$35,723ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,351,509TotalAmt
Program Services$10,973,930ProgramServicesAmt
Management And General$1,375,279ManagementAndGeneralAmt
Fundraising$2,300FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,945,542BOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$2,010,729EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,164,740BOYAmt
EOY$1,065,331EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$104,183BOYAmt
EOY$90,332EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$688,178LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$418,192LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$259,256BOYAmt
EOY$269,986EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,225,736BOYAmt
EOY$537,642EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,699,457BOYAmt
EOY$3,974,020EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$635,676BOYAmt
EOY$788,922EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$8,879BOYAmt
EOY$8,879EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,305,195BOYAmt
EOY$6,316,013EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,949,750BOYAmt
EOY$7,113,814EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY-$1,509,549BOYAmt
EOY-$3,409,780EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$259,256BOYAmt
EOY$269,986EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,250,293BOYAmt
EOY-$3,139,794EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,699,457BOYAmt
EOY$3,974,020EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,889,501ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$688,178OtherCostOrOtherBasisAmt
Depreciation$418,192DepreciationAmt
Book Value$269,986BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$269,986TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescDUE FROM BUILDING COMPANYDesc
Book Value$537,642BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$537,642TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescNET PENSION LIABILITIES, DEFERRED INFLOW/OUTFLOWSDesc
Amt$6,316,013Amt
FieldValueIRS element (for citing)
Total Liability$6,316,013TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$28,500,260TotalRevEtcAuditedFinclStmtAmt
Other Revenue$18,290,296OtherRevenueAmt
Revenue Not Reported$18,290,296RevenueNotReportedAmt
Revenue Subtotal$10,209,964RevenueSubtotalAmt
Other Revenues Not Included$252,044OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$252,044RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,462,008TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$27,313,562TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$17,487,406OtherExpensesIncludedAmt
Expenses Not Reported$17,487,406ExpensesNotReportedAmt
Expenses Subtotal$9,826,156ExpensesSubtotalAmt
Other Expenses Not Included$2,525,353OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$2,525,353ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$12,351,509TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:BUILDING COMPANY REVENUES 18,290,296.
PART XI, LINE 4B - OTHER ADJUSTMENTS:STATE AIDS RELATED TO PENSION 252,044.
PART XII, LINE 2D - OTHER ADJUSTMENTS:BUILDING COMPANY EXPENDITURES 17,414,533. CAPITAL OUTLAY 72,873.
PART XII, LINE 4B - OTHER ADJUSTMENTS:DEPRECIATION EXPENSE 62,144. CHANGE IN PENSION LIABILITIES 2,463,209.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE SCHOOL'S REGISTRATION INFORMATION.
SCHEDULE E, PART I, LINE 6AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7AANY STAFF MEMBERS WHO ARE EMPLOYED AT THE ACADEMY, INCLUDING TEACHERS, AND ALL PARENTS AND LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE ACADEMY ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE ACADEMY'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BCHANGES TO THE BYLAWS AFFECTING THE GOVERNANCE MODEL OF THE SCHOOL REQUIRE (1) MAJORITY APPROVAL OF A QUORUM OF THE BOARD, AND (2) APPROVAL BY THE LICENSED TEACHERS EMPLOYED BY THE SCHOOL, AND (3) APPROVAL BY THE SCHOOL'S AUTHORIZER, FRIENDS OF EDUCATION.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH BOARD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE FORM 990 IS REVIEWED AND ALL FINANCIAL INFORMATION VERIFIED BY THE ACADEMY'S OUTSOURCED ACCOUNTANT. THE EXECUTIVE DIRECTOR REVIEWS A DRAFT OF THE FORM 990 FOR ACCURACY OF NON-FINANCIAL INFORMATION. THE FORM 990 IS THEN REVIEW AND APPROVED BY THE BOARD CHAIR AND BOARD TREASURER. COPIES ARE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS REQUIRING THEM TO IDENTIFY CONFLICTS. THESE CONFLICTS ARE SHARED WITH THE BOARD WHO SHALL DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST ON A PROPOSED BOARD ACTION, THE BOARD MEMBER REFRAINS FROM VOTING ON THAT ACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION OF EXECUTIVE DIRECTOR (ED) WAS BASED ON A SURVEY OF OTHER LARGE CHARTER SCHOOLS IN THE METRO AREA AND THE MACS COMPENSATION SURVEY. THE OFFER AGREEMENT WAS DRAFTED BY THE BOARD CHAIR AND REVIEWED BY THE FULL BOARD. BOARD APPROVAL IS OBTAINED ANNUALLY. COMPENSATION FOR ALL ADMINISTRATIVE POSITIONS IS DETERMINED BY THE EXECUTIVE DIRECTOR, WITHIN THE BOARD APPROVED BUDGET. THIS PROCESS IS COMPLETED ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC ON NOVA'S WEBSITE, SUMMARY BUDGETED AND ACTUAL REVENUE AND EXPENSE INFORMATION IS ON THE WEBSITE. THE AUDITED FINANCIAL STATEMENTS AND DOCUMENTS LISTED ABOVE ARE AVAILABLE UPON REQUEST. SUMMARY FINANCIAL INFORMATION IS ALSO AVAILABLE ON THE MINNESOTA DEPARTMENT OF EDUCATION'S WEBSITE.
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. LAURA HOBBS, JASON BELTER AND BECKY LUND ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS.
FORM 990, PART X, LINE 25:PENSION LIABILITIES, NET OF PENSION DEFERRED OUTFLOWS & INFLOWS: 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 IS REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITY OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITY.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF NOVA CLASSICAL ACADEMYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11455 VICTORIA WAYAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55102ZIPCd
FieldValueIRS element (for citing)
EIN800174213EIN
Primary ActivitiesTO CONSTRUCT AND LEASE BUILDING TO NOVA CLASSICAL ACADEMYPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 12A, IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NOVA CLASSICAL ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
FRIENDS OF NOVA CLASSICAL ACADEMY
K$1,486,083LEASE AGREEMENT
FRIENDS OF NOVA CLASSICAL ACADEMY
D$537,642CASH BALANCE