2017-05-12T13:17:36-05:00 2016-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2015-07-01 464392267 Universal Academy UNIV 6514423124 1745 University Avenue West No 3 St Paul MN 55104 Farhiya Einte Director 6514423124 2017-05-08 1 Thomas A Karnowski P00148364 9525450424 2015 2021-01-29 14:40:06Z Farhiya Einte 1745 University Avenue West No 3 St Paul MN 55104 3193924 0 X uacsmn.org X 2013 MN Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff. 5 3 23 0 0 0 0 232605 2675421 2961319 0 0 0 0 2675421 3193924 0 0 0 0 811481 1216737 0 0 0 1068247 1422507 1879728 2639244 795693 554680 887329 2280293 91636 929920 795693 1350373 Universal Academy will provide success for all students with high quality learning, empowerment and support from a caring and nurturing staff. 0 0 2289593 2961319 A learning community educating the WHOLE child, serving students in grades K-8. During the fiscal year ended June 30, 2016, the Academy served an estimated 241 students. 2289593 1 0 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 12 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MN X Lisa Hasladalen 6512558826 2233 University Ave W Ste 450 St Paul MN 55114 Amiin Harun Chairperson 2.00 X X 0 0 0 Abdulkadir Osman Vice-chair 2.00 X X 0 0 0 Ahmed Haile Director 2.00 X 0 0 0 Lucy Crosby Director 40.00 X 11941 0 0 Zainab Abdi Director 2.00 X 0 0 0 Farhiya Einte Director 40.00 X 81844 0 0 Laila Wardhere Director 2.00 X 0 0 0 93785 0 0 0 0 0 0 Bille Bus Transportation 347 Harrison St NE Minneapolis MN 55413 Transportation 213885 Designs for Learning 2233 University Ave W 450 St Paul MN 55114 Financial Services 160596 Done Right Food 4305 Central Ave NE Columbia Heights MN 55421 Food Service 127295 3 227746 4859 232605 Federal and State Sour 611710 2961319 2961319 2961319 3193924 2961319 0 0 114688 32688 82000 894432 853974 40458 82039 72855 9184 49690 41605 8085 75888 66511 9377 167335 112122 55213 5738 5738 70046 70046 198140 198140 138864 130309 8555 10996 10996 367575 344598 22977 234 234 7104 2684 4420 24465 2183 22282 18447 18447 9276 9276 Transportation 258259 258259 Food 145708 145708 Food 320 320 2639244 2289593 349651 0 262293 1051510 488043 400416 25292 25292 124567 26270 58248 98297 53453 704778 887329 2280293 91636 98344 21477 0 810099 91636 929920 X 737445 1273553 58248 76820 0 0 795693 1350373 887329 2280293 554680 0 X X 0 1 X 1 0 X 124567 26270 98297 98297 Pension Plan Deferments 704778 704778 Pension plan deferments - PERA & TRA 32519 Net pension liability 777580 810099 X 3193924 0 3193924 0 3193924 2639244 0 2639244 0 2639244 Part X, Line 2: The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 6 The Academy received Aid through the Federal Government and the State of MN to povide funding for the operational activities of the Academy. Form 990, Part VI, Section B, line 11 Once the 990 is completed by an independent CPA, a copy will be provided to the Director of the Academy and the Board via email for review before filing. Form 990, Part VI, Section B, line 12c Annually, Directors are required to sign a Conflict of Interest statement Form 990, Part VI, Section B, line 15a Executive Director will be evaluated each year by the Board. Staff/parent surveys are taken each year at year-end. Compensation for all employees including the Director are recommended to the Board via the Budget which is then approved by the Board. The Board then approves all employement agreements/contracts. Form 990, Part VI, Section C, line 19 The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request. Part XII, Line 2c The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed. AUTHORIZER The Academy is required to have an Authorizer to monitor its opeartions in order to maintain its charter. The Academy's approved authorizer during the fiscal year 2015 was Novation Education Opportunities. Form 990, Part VI, Section A Line 1B Several members of the Board are teachers at the school. Minnesota State Statute 124D.10 subd.4(g) requires the Board to have at least one member that is an employed/contracted teacher. RELATED ORGANIZATION COMPENSATION Explanation: Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted.