2018-05-03T14:46:31-05:00 2017-06-30 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2016-07-01 261221063 BEST ACADEMY INC BEST 6123819743 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 FATOU DIAHAME PRINCIPAL 6123819743 2018-04-12 1 ASHLEY C REHN CPA P00965922 6514267000 2018-04-12 50.224.170.94 2018-04-12 12:44:51 CD P 97AAB8F33D9C1D758B6DB33B94F1F754E0A444BD 1898B52780F61D73510D6209D41CE2AD766ACB31 2016 2021-01-29 14:40:06Z FATOU DIAHAME 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 11871696 0 X WWW.THEBESTACADEMY.ORG X 2007 MN TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL, AND MORAL DEVELOPMENT. 5 4 207 250 0 0 10304758 11830455 52666 5695 2 1 0 35545 10357426 11871696 0 0 0 0 5836232 6259765 0 0 0 5161825 8264553 10998057 14524318 -640631 -2652622 5025413 11984926 7844788 17456923 -2819375 -5471997 TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL, AND MORAL DEVELOPMENT. 0 0 11873684 5695 BEST ACADEMY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 687 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. 11873684 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 207 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6123819743 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 X EZRA HYLAND CHAIR 1.00 X X 0 0 0 ANURA SI-ASAR SECRETARY 1.00 X X 0 0 0 RITA GORDON BOARD MEMBER 1.00 X 0 0 0 DEANDRA KNIGHTEN BOARD MEMBER 1.00 X 0 0 0 MEGHAN ROEGGE BOARD MEMBER/TEACHER 41.00 X 48141 0 3611 BRITTANY BURROWS BOARD MEMBER/TEACHER (PART YEAR) 41.00 X 52976 0 8288 HASSAN GULED BOARD MEMBER (PART YEAR) 1.00 X 0 0 0 FATOU DIAHAME PRINCIPAL 40.00 X 97333 0 12834 ERIC MAHMOUD CEO 15.00 X 0 0 0 ROBERT DOTY CFO 15.00 X 0 0 0 198450 0 24733 0 0 0 0 HARVEST NETWORK OF SCHOOLS 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 CHARTER MANAGEMENT 1015720 MINNEAPOLIS PUBLIC SCHOOLS 1250 W BROADWAY AVE MINNEAPOLIS MN 55411 BUILDING LEASE 848895 MINNEHAHA TRANSPORTATION 2507 WALNUT ST ROSEVILLE MN 55113 STUDENT TRANSPORTATION 726774 SEED DAYCARE 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 BUILDING LEASE 370591 METROPOLITAN TRANSPORTATION NETWORK INC 8260 HICKORY ST FRIDLEY MN 55432 STUDENT TRANSPORTATION 353119 7 11694958 135497 11830455 FEES FROM PATRONS 611110 5695 5695 5695 1 1 MISCELLANEOUS 611110 35545 35545 35545 11871696 5695 0 35546 X 231881 231881 5069300 4521971 547329 391654 351435 40219 175573 158525 17048 391357 350989 40368 959959 959959 70 70 30674 30674 1831626 1634820 196806 79297 56805 22492 8193 8193 1895285 1504676 390609 55412 48526 6886 99806 99806 27044 27044 PENSION DEFERRAL ADJUST 2829140 2493192 335948 INSTRUCTIONAL MATERIALS 239732 239732 0 SMALL EQUIPMENT 87800 63799 24001 MISCELLANEOUS 83602 77074 6528 36913 13409 23504 14524318 11873684 2650634 0 398965 142764 27036 53191 1586104 1694001 13 78081 602704 429227 240557 173477 2799774 9816376 5025413 11984926 1127452 619093 210474 499087 6717336 16128269 7844788 17456923 X -3059932 -5645474 240557 173477 0 0 -2819375 -5471997 5025413 11984926 -2652622 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 602704 429227 173477 173477 DEFERRED OUTFLOWS OF RESOURCES 9816376 9816376 PENSION LIABILITY 16074355 DUE TO AFFILIATE 53914 16128269 X 11871696 0 11871696 0 11871696 14524318 0 14524318 0 14524318 PART X, LINE 2: A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE SCHOOL HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. 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 NONDISCRIMNATORY CLAUSE APPEARS ON BEST ACADEMY'S BROCHURE AND APPLICATIONS FOR ADMISSION AND EMPLOYMENT. SCHEDULE E, PART I, LINE 4 NA SCHEDULE E, PART I, LINE 6 THE ORGANIZATION IS A CHARTER SCHOOL UNDER MINNESOTA STATUTE. THIS CLASSIFICATION ENTITLES THE ORGANIZATION TO THE SAME FUNDING AVAILABLE TO PUBLIC SCHOOLS WITHIN THE STATE. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY AND THE ORGANIZATION IS IN COMPLIANCE WITH THAT POLICY. THE CHIEF COMPLIANCE OFFICER MONITORS ALL COMPLIANCE MATTERS AND ENSURES THAT THE CONFLICT OF INTEREST POLICY IS ENFORCED. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF THE SCHOOL PRINCIPAL AND OTHER SCHOOL LEADERS ARE DETERMINED ON AN INDIVIDUAL CONTRACT BASIS, BASED UPON WORK EXPERIENCE AND WORK PERFORMANCE. THESE SALARIES ARE REGULARLY COMPARED AGAINST LOCAL SCHOOL DISTRICT SALARIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: MR. ERIC MAHMOUD AND MR. ROBERT DOTY SERVE AS OFFICERS OF BEST ACADEMY, INC. THROUGH THE MANAGEMENT AGREEMENT WITH HARVEST NETWORK OF SCHOOLS, INC. ACCORDINGLY, ALL COMPENSATION FOR THEIR SERVICES IS CAPTURED AND REPORTED AS MANAGEMENT FEES PAID AND REPORTED ON PART VII SECTION B. FORM 990, PART IX, LINE 11G TRANSPORTATION FEES: PROGRAM SERVICE EXPENSES 1,044,243. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,044,243. CONSULTING FEES: PROGRAM SERVICE EXPENSES 176,560. MANAGEMENT AND GENERAL EXPENSES 85,272. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 261,832. OTHER FEES: PROGRAM SERVICE EXPENSES 414,017. MANAGEMENT AND GENERAL EXPENSES 111,534. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 525,551.