2017-03-21T13:11:29-05:00 2016-06-30 411397419 Abdo Eick & Meyers LLP 100 Warren St Ste 600 Mankato MN 56001 990 2015-07-01 411969573 Kato Public Charter School KATO 5073875524 110 N 6th St Mankato MN 56001 Brent Rossow Chairperson 5073875524 2017-03-16 1 Thomas J Olinger CPA P00743407 5076252727 2017-03-16 2015 2021-01-29 14:40:06Z Brent Rossow 110 N 6th St Mankato MN 56001 1057221 0 X www.katopcs.org X 2000 MN Kato Public Charter School is a charter school designed to meet the needs of students, both in the present and for the future. We are an ever-changing school in an ever-changing society. The intention of Kato Public Charter School is to give students a strong, performance-based education closely related to real life experiences. We specialize in helping students reach their potential. 8 7 0 40 0 0 970849 1051420 6091 5701 43 100 0 0 976983 1057221 0 0 0 0 0 0 0 0 0 939585 1021986 939585 1021986 37398 35235 582065 614139 30056 26895 552009 587244 See part I, line 1 0 0 832224 5701 Kato Public Charter School provides an educational program for approximately 80 students in grades six through twelve. 832224 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MN X Lisa Donth 5073875524 110 North 6th Street Mankato MN 56001 X Brent Rossow Chairperson 1.00 X X 0 0 0 Claudia Madrigal Vice Chairperson 1.00 X X 0 0 0 Sarah May Treasurer 1.00 X X 0 0 0 Jim Timmerman Secretary 1.00 X X 0 0 0 Craig Anderson Member 1.00 X 0 0 0 Trevor Braget Member 1.00 X 0 0 0 Nicole Siirtola Member 1.00 X 0 0 0 Thomas Flunker Ex-officio non voting memb 1.00 X 0 0 0 0 0 0 0 0 0 0 Edvisions Cooperative 501 Main Street PO Box 518 Henderson MN 56044 Classroom instructors & business service 517588 1 1045444 5976 1051420 Charges for Services 611600 5701 5701 5701 100 100 1057221 5701 0 100 X 8400 8400 721235 571726 149509 4366 4366 4217 4217 26737 26737 175998 175998 22822 21937 885 125 125 13158 12118 1040 Dues & Memberships 23001 23001 Supplies & Materials 15435 15435 Other Expenses 2730 1338 1392 Equipment 2569 2569 1193 1193 1021986 832224 189762 0 77881 141363 313361 327251 153436 101685 1958 7596 10332 287011 255461 29791 31550 582065 614139 22389 25174 5000 1325 2667 396 30056 26895 X 522073 552592 29936 34652 552009 587244 582065 614139 35235 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 287011 255461 31550 31550 X 1057221 0 1057221 0 1057221 1021986 0 1021986 0 1021986 Part X, Line 2: The charter school is exempt from income taxes under Section 501c(3) of the Internal Revenue Code. The charter school also qualifies as a tax exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2016, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The charter school files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Since the charter school is a public school under Minnesota statutes, there can be no racial discrimination. Schedule E, Part I, Line 6 Kato Public Charter School receives financial assistance from the Minnesota Department of Education and the U.S. Department of Education. Form 990, Part VI, Section B, line 11 The Finance Committee reviews the form 990 and it is then presented to the board for approval prior to filing. Form 990, Part VI, Section B, line 12c The Finance Committee monitors compliance with the conflict of interest policy. Each instance of noncompliance is dealt with individually. Form 990, Part VI, Section C, line 18 Upon request. Form 990, Part VI, Section C, line 19 Upon request. Form 990, Part IX, line 11g Contracted Services - Educators : Program service expenses 568,472. Management and general expenses 0. Fundraising expenses 0. Total expenses 568,472. Contracted services - consultants : Program service expenses 3,254. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,254. Contracted services - management : Program service expenses 0. Management and general expenses 149,509. Fundraising expenses 0. Total expenses 149,509. Form 990, Part XII, Line 2C The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant. The process has not changed from the prior year.