2016-05-13T16:20:35-05:00 2015-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Suite 410 Minneapolis MN 55416 990 2014-07-01 411886212 Higher Ground Academy HIGH 6516451000 1381 Marshall Ave St Paul MN 55104 William Wilson Executive Director 6516451000 2016-05-11 1 Thomas A Karnowski P00165389 9525450424 2014 2016-08-17 19:52:53Z William Wilson 1381 Marshall Ave St Paul MN 55104 9710215 0 X www.hgacademy.org X 1997 MN Provide educational programs for grades K-12 in compliance with Minnesota public education. 6 5 129 5 0 0 1038338 1119364 8139311 8590851 0 0 0 0 9177649 9710215 3450 19500 35747 50192 4945629 5262022 0 0 0 3766346 3969465 8751172 9301179 426477 409036 5342252 6233171 702658 5229509 4639594 1003662 X To create socially committed, morally responsible, and ethnically diverse learning environment that values students individually and collectively. The goal is to encourage student's maximum intellectual and leadership development to meet 21st century standards of education through concerted preparation to pursue post secondary and post baccalaureate studies. It is intended that students graduating from Higher Ground Academy will be adequately prepared to assume leadership roles in their communities and in their fields of endeavor. 0 0 7791032 19500 8590851 The goal is to encourage student's maximum intellectual and leadership development to meet 21st century standards of education through concerted pre post baccalaureate studies. It is intended that students graduating from Higher Ground Academy will be adequately prepared to assume leadership roles in their communities and in their fields of endeavor. During the fiscal year ended June 30, 2015 the Academy served an estimated 715 students. 7791032 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 38 0 1 129 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X William Wilson 6516451000 1381 Marshall Avenue Saint Paul MN 55104 Daniel McGrath Chair 1.00 X X 0 0 0 Denise Toussaint Treasurer 1.00 X X 0 0 0 Dr Ismail Samatar Director 41.00 X 78339 0 15212 Robert Lyons Secretary 1.00 X X 0 0 0 Mohamed Abdille Director 1.00 X 0 0 0 Mohamed Khalif Director 1.00 X 0 0 0 William Wilson Executive Director 40.00 X 164588 0 5118 Samuel Yigzaw Director/School Director 40.00 X 162346 0 21453 405273 0 41783 2 0 1 0 Minnehaha Transportation 2507 Walnut Street Roseville MN 55113 Transportation Contractor 620280 CKC Good Food PO Box 431419 Minneapolis MN 55075 Food Service Catering 534283 Terry Gustafson 7951 250th St Forest Lake MN 55025 Building Maintenance 259385 Cole's Maintenance Service 5913 Halifax Ave Brooklyn Center MN 55429 Custodial Contractor 154561 Beltz Kes Darling & Associates 22488 Chippendale Ave Farmington MN 55024 Finance Consultant 123192 5 999658 119706 1119364 Federal and State Sour 611710 8566398 8566398 Other Educational Purp 611710 24453 24453 8590851 9710215 8590851 0 0 19500 19500 50192 50192 438711 95739 342972 3734214 3276353 457861 198219 161749 36470 586294 387416 198878 304584 250657 53927 7600 7600 138871 138871 372569 267229 105340 402414 382132 20282 153812 101271 52541 1561523 1556722 4801 7266 6555 711 23997 23997 36956 36956 Transportation 670783 670783 Food 506021 506021 Miscellaneous 45407 45407 Field Trips 28313 28313 13933 6403 7530 9301179 7791032 1510147 0 4035593 3140239 50650 50650 961917 1972457 81406 43402 457389 72382 212686 385007 0 641416 5342252 6233171 652008 591511 50650 50650 0 4587348 702658 5229509 X 4426908 618655 212686 385007 0 0 4639594 1003662 5342252 6233171 X 409036 -4044968 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 50650 50650 1 X 389941 51715 338226 67448 20667 46781 385007 Deferred Outflows 641416 641416 Net Pension Liability - PERA 1639427 Net Pension Liability - TRA 1815521 Deferred Inflows - PERA & TRA Pension Plans 1132400 4587348 X 9710268 1115648 1115648 8594620 1115595 1115595 9710215 9264753 1079169 1079169 8185584 1115595 1115595 9301179 Part IV, Line 1b: The organization holds funds related to scholarship's in a private-purpose trust fund. Part IV, Line 2b: The funds are held and recorded as cash and an escrow or custodial account liability. Part X, Line 2: The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). Both are 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, 2015. Part XI, Line 2d - Other Adjustments: Revenue reported by related party - Higher Ground Building Company Part XI, Line 4b - Other Adjustments: Rent received from related party netted in financial statements Part XII, Line 2d - Other Adjustments: Expenses reported by related party - Higher Ground Building Company Part XII, Line 4b - Other Adjustments: Rent paid to related party netted in financial statements 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 schools non-discrimination policy is included in school brochures and will be widely distributed. Schedule E, Part I, Line 6 The school receives state and federal aid for the purpose of educating students. 0 Scholarships 19 19500 X X 0 0 0 0 0 0 0 0 0 William Wilson Executive Director 164588 0 0 0 0 0 0 0 5118 0 169706 0 0 0 Samuel Yigzaw Director/School Director 162346 0 0 0 0 0 12153 0 9300 0 183799 0 0 0 Form 990, Part VI, Section B, line 11 A copy of the finished 990 report will be sent to the Executive Director and the School Director, who is on the board. An electronic copy will go to the key organization officer before it is mailed to the IRS. Form 990, Part VI, Section B, line 12c All Directors are required to annually sign a conflict of interest disclosure statement. Form 990, Part VI, Section B, line 15 The organization's Executive Director's salaries are determined by comparability data and approved by the board. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in accounting principle -4,044,968. FORM 990, PART XI, LINE 2C: The Board assumes responsibilty for oversight of the audit of its financial statements and selection of an indendent accountant annually. This process has not changed from the prior year. FORM 990, PART VI, SECTION A, LINE 1B: Several members of the board are teachers at the Academy. Minnesota State Statute 124D.10 Subd. 4.(g) requires the board to have at least one employed or contracted teacher. RELATED ORGANIZATION COMPENSATION: Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no other transactions noted. AUTHORIZER The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2015 was the Concordia University. Form 990 Part XI Line 9 During the year ended June 30, 2015, the Academy implemented GASB Statement No. 68, Accounting and Financial Reporting for Pensions-an amendment of GASB Statement No. 27. GASB Statement No. 68 included major changes in how employers account for pension benefit expenses and liabilities. In financial statements prepared using the economic resources measurement focus and accrual basis of accounting (entity-wide and proprietary funds), an employer is required to recognize a liability for its share of the net pension liability provided through the pension plan. An employer is required to recognize pension expense and report deferred outflows of resources and deferred inflows of resources for its share related to pensions. This standard required retroactive implementation, which resulted in the restatement of net position as of June 30, 2014. The net position of governmental activities in the entity-wide financial statements as of June 30, 2014 was decreased by $4,044,968. This change reflects the Academy's proportionate share of the net pension liabilities ($4,303,627 decrease in net position) and related deferred outflows of resources ($258,659 increase in net position) for the PERA and TRA pension plans, which are now reported by employers under current guidance. Certain amounts necessary to fully restate fiscal year 2014 financial information are not determinable; therefore, prior year comparative amounts have not been restated. Higher Ground Building Co 1381 Marshall Avenue St Paul MN 55104 411933761 To lease real estate to its beneficiary organization Higher Ground Academy. MN 501(c)(3) Line 11a, I Higher Ground Academy 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 Higher Ground Building Company K 1115595 Lease Agreement