2017-05-15T16:54:51-05:00 2016-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA PO BOX 1496 ST CLOUD MN 563021496 990 2015-07-01 611677994 VENTURE ACADEMIES VENT 6123459040 315 27TH AVE SE MINNEAPOLIS MN 55414 JON BACAL CHIEF ENTREPRENEUSHIP OFFICER 6126952396 2017-05-15 1 SHELLEY GAETZ P00066049 3202510286 2017-05-15 2015 2021-01-29 14:40:06Z JON BACAL 315 27TH AVE SE MINNEAPOLIS MN 55414 3735333 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 55 10 0 0 2903753 3718182 1823 17151 0 0 1405 0 2906981 3735333 0 0 0 0 1670588 2216343 0 0 0 1274789 1435266 2945377 3651609 -38396 83724 602287 2018192 467748 1799929 134539 218263 X 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. 0 0 3043005 17151 VENTURE ACADEMY IS A MIDDLE SCHOOL, GRADES 6,7,8 AND 9. THE SCHOOL EDUCATED STUDENTS WITH A COMBINED PURPOSE OF GROWING THE ENTREPRENEURIAL SPIRIT WHILE ASPIRING TO REACH INDIVIDUAL GOALS AND STATE EDUCATIONAL STANDARDS. 3043005 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 18 0 1 55 1 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 0 1 0 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 BRAD POGALZ TREASURER 2.00 X X 0 0 0 BRIAN PETERSON CHAIRPERSON 5.00 X X 0 0 0 BETSY OHRN SECRETARY 2.00 X X 0 0 0 NILTON VEGA DIRECTOR 1.00 X 0 0 0 JASON DAVIS DIRECTOR 1.00 X 0 0 0 TROY STRAND DIRECTOR 1.00 X 27948 0 0 RAJIV TANDON DIRECTOR 1.00 X 0 0 0 JEFF ROBBINS DIRECTOR 1.00 X 0 0 0 WENDY SWANSON-CHOI DIRECTOR 1.00 X 0 0 0 JON BACAL CEO 50.00 X 120006 0 0 147954 0 0 1 0 0 0 NHH REALTIES 317 2ND AVE S STE 800 MINNEAPOLIS MN 55401 RENT 353066 MONARCH BUS SERVICE INC 101 EAST 10TH STREET STE 300 HASTINGS MN 55033 TRANSPORTATION 273939 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 149267 3 3537792 180390 3718182 MISCELLANEOUS REVENUE 900099 12595 12595 FEES FROM PATRONS 611710 4395 4395 FOOD SALES TO ADULTS 722210 161 161 17151 3735333 17151 0 0 X 142223 142223 1433569 1198863 234706 354358 299904 54454 165701 125327 40374 120492 99208 21284 548736 402255 146481 294 294 81511 53117 28394 408048 382626 25422 14833 14819 14 15136 12000 3136 2714 2714 16260 12564 3696 18573 10855 7718 FOOD SERVICE 172499 165956 6543 INSTRUCTIONAL SUPPLIES 71795 60261 11534 OPERATING LEASES 48510 48191 319 DUES & MEMBERSHIPS 22415 1214 21201 13942 13622 320 3651609 3043005 608604 0 65443 234427 100000 371020 357020 107728 104116 117475 33498 58096 83977 0 1138652 602287 2018192 116776 141075 150000 100000 200972 1558854 467748 1799929 X 76443 83977 58096 134286 0 0 134539 218263 602287 2018192 83724 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117475 33498 83977 83977 DEFERRED OUTFLOWS OF RESOURCES - PENSIONS 1138652 1138652 NET PENSION LIABILITY 1429612 DEFERRED INFLOWS OF RESOURCES - PENSION 129242 1558854 3735333 0 3735333 0 3735333 3651609 0 3651609 0 3651609 PART XI, LINE 4B - OTHER ADJUSTMENTS: STATE AID RELATED TO PENSION EXPENSE 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 B, LINE 11 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 MARKET RATE ANALYSIS OF LIKE SIZED CHARTER SCHOOLS IS DONE TO DETERMINE COMPENSATION FOR THE CEO, OFFICERS, AND OTHER KEY EMPLOYEES. THIS PROCESS WAS LAST PERFORMED IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 114,058. MANAGEMENT AND GENERAL EXPENSES 146,481. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260,539. TRANSPORTATION / PUBLIC CARRIER: PROGRAM SERVICE EXPENSES 288,197. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 288,197.