2018-04-27T12:51:00-05:00 2017-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA PO BOX 1496 ST CLOUD MN 563021496 990 2016-07-01 611677994 VENTURE ACADEMIES VENT 6123459040 315 27TH AVE SE MINNEAPOLIS MN 55414 JON BACAL CHIEF ENTREPRENEUSHIP OFFICER 6126952396 2018-04-27 1 SHELLEY GAETZ P00066049 3202510286 2018-04-27 64.88.174.3 2018-04-27 11:04:01 CD P F8C6F5652FF50E6BFF94456B7F1D465EB1A9CA4E F8C6F5652FF50E6BFF94456B7F1D465EB1A9CA4E 2016 2021-01-29 14:40:06Z JON BACAL 315 27TH AVE SE MINNEAPOLIS MN 55414 5195734 0 X WWW.VENTUREACADEMIES.ORG X 2012 MN 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. 10 8 63 25 0 0 3718182 5085590 17151 110144 0 0 0 0 3735333 5195734 0 0 0 0 2216343 4051239 0 0 0 1435266 1868037 3651609 5919276 83724 -723542 2018192 5766307 1799929 6271586 218263 -505279 X 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. 0 0 5272544 110144 VENTURE ACADEMY IS A MIDDLE SCHOOL AND HIGH SCHOOL SERVING GRADES 6 THROUGH 11. THE SCHOOL EDUCATED STUDENTS WITH A COMBINED PURPOSE OF GROWING THE ENTREPRENEURIAL SPIRIT WHILE ASPIRING TO REACH INDIVIDUAL GOALS AND STATE EDUCATIONAL STANDARDS. 5272544 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 14 0 1 63 1 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X THE ANTON GROUP 3203095662 1335 PIERCE BUTLER ROUTE ST PAUL MN 55104 BRIAN PETERSON CHAIRPERSON 5.00 X X 0 0 0 BRAD POGALZ TREASURER 2.00 X X 0 0 0 BETSY OHRN SECRETARY 2.00 X X 0 0 0 JASON DAVIS DIRECTOR 1.00 X 0 0 0 JEFF ROBBINS DIRECTOR 1.00 X 0 0 0 TROY STRAND DIRECTOR 1.00 X 48580 0 9122 WENDY SWANSON-CHOI DIRECTOR 1.00 X 0 0 0 RAJIV TANDON DIRECTOR 1.00 X 0 0 0 NILTON VEGA DIRECTOR 1.00 X 0 0 0 JON BACAL CEO 50.00 X 93185 0 7404 141765 0 16526 0 0 0 0 NHH REALTIES 317 2ND AVE S STE 800 MINNEAPOLIS MN 55401 RENT 536952 MONARCH BUS SERVICE INC 101 EAST 10TH STREET STE 300 HASTINGS MN 55033 TRANSPORTATION 410529 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 187448 3 4878874 206716 5085590 LOCAL REVENUE 900099 110144 110144 110144 5195734 110144 0 0 X 174454 174454 2291062 2073484 217578 1118737 1028390 90347 286068 250305 35763 180918 164534 16384 793890 692831 101059 2652 49 2603 19255 9048 10207 542760 469015 73745 19676 19676 28030 14714 13316 13040 13040 60366 56670 3696 15404 8867 6537 FOOD SERVICE 206867 197805 9062 NON-INSTRUCTIONAL SUPPL 88661 61105 27556 DUES & MEMBERSHIPS 52442 13563 38879 INSTRUCTIONAL SUPPLIES 17063 17063 7931 7931 5919276 5272544 646732 0 234427 218139 100000 357020 753357 1200 104116 78438 547281 93864 83977 453417 1138652 4261756 2018192 5766307 141075 240250 100000 466295 1558854 5565041 1799929 6271586 X 83977 112122 134286 -617401 0 0 218263 -505279 2018192 5766307 -723542 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 418552 41855 376697 128729 52009 76720 453417 DEFERRED OUTFLOWS OF RESOURCES - PENSIONS 4261756 4261756 NET PENSION LIABILITY 5515447 DEFERRED INFLOWS OF RESOURCES - PENSION 49594 5565041 5195734 0 5195734 0 5195734 5919276 0 5919276 0 5919276 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. 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 248,545. MANAGEMENT AND GENERAL EXPENSES 101,059. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 349,604. TRANSPORTATION / PUBLIC CARRIER: PROGRAM SERVICE EXPENSES 444,286. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 444,286.