2016-03-30T16:11:16-05:00 2015-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Suite 410 Minneapolis MN 55416 990 2014-07-01 411962390 Aurora Charter School AURO 6128703891 2101 E 26th St Minneapolis MN 55404 Matthew Cisewski Executive Director 6128703891 2016-02-22 1 Thomas A Karnowski P00148364 9525450424 2014 2016-08-17 19:52:53Z Matthew Cisewski 2101 E 26th St Minneapolis MN 55404 5056001 0 X www.auroracharterschool.com X 2000 MN Operate a center of learning that teaches Latino culture. 7 5 73 10 0 0 432362 497840 3817035 4557149 621 1012 0 0 4250018 5056001 0 0 0 0 2281074 2615318 0 0 0 2141641 2231349 4422715 4846667 -172697 209334 1505370 2165914 280267 2549540 1225103 -383626 The mission of Aurora Charter School is to operate a center of learning that embraces academic excellence and celebrates the gift of Latino culture. 0 0 4274215 4557149 Education of students. Aurora Charter School is a tuition free, public charter school. During the fiscal year ended June 30, 2015, the School served an estimated 390 students. 4274215 1 0 0 0 0 0 0 0 0 1 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 11 0 1 73 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X Clifton Larson Allen 7635574954 809 Meander Court Medina MN 55340 Romula Nieto Chair 10.00 X X 0 0 0 Melanie Seiser Vice Chair 2.00 X X 0 0 0 Jaqueline Silva Secretary 40.00 X X 31824 0 3612 Maribel Zuniga Treasurer 40.00 X X 36776 0 4260 Rodolfo Gutierrez Member 2.00 X 0 0 0 Virginia Morales Member 2.00 X 0 0 0 Guadalupe Quintero Member 2.00 X 0 0 0 Samantha Berryhill Member 40.00 X 22998 0 2159 C Veronica Narciso Member 40.00 X 29415 0 4565 Robert Harvey Member 10.00 X 0 0 0 Eric Cameron Member 2.00 X 0 0 0 Bianca Boomer Member 2.00 X 0 0 0 Eve De Sanchez Member 2.00 X 0 0 0 Matthew Cisewski Executive Director 40.00 X 56060 0 8578 177073 0 23174 0 0 0 0 Minnehaha Transportation 3140 Irving Avenue South Minneapolis MN 55408 Transportation 415696 CKC 1185 Concord St N St Paul MN 55075 Food Service Contract 289341 2 494417 3423 497840 Federal and State Sour 611710 4518077 4518077 Other Educational Purp 611710 39072 39072 4557149 1012 1012 5056001 4557149 0 1012 192439 105938 86501 1920918 1767987 152931 125967 111195 14772 216131 166245 49886 159863 141774 18089 62410 62410 5825 5825 42255 42255 150124 103897 46227 180554 148156 32398 120825 111610 9215 788539 769949 18590 5151 4958 193 340 340 30981 1449 29532 86098 82470 3628 25160 25160 Transportation 431811 431811 Food 298887 298887 Field Trips 2389 2389 4846667 4274215 572452 0 234559 137091 432821 452179 369957 645622 109817 93551 1822389 1441448 358216 380941 0 456530 1505370 2165914 200267 229440 80000 79170 0 2240930 280267 2549540 X 415987 -1216746 358216 380941 450900 452179 1225103 -383626 1505370 2165914 X 209334 -1818063 X X 0 1 X 1 0 X 450900 1279 452179 450000 558 342 450900 450000 450000 1.00000 0 0 1311901 1232066 79835 510488 209382 301106 380941 Defined benefit pension plans 456530 456530 Net pension liability 1726241 Defined benefit pension plans 514689 2240930 X 5056001 0 5056001 0 5056001 4846667 0 4846667 0 4846667 Part V, Line 4: Board designated to be held in a CD by a trustee in the School's name. Part X, Line 2: The School is exempt from federal and state income taxes under Internal Revenue Service Code Sec. 501(c)(3). The School is subject to tax on income from any unrelated business. The School is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 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 School has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The School believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the School's financial condition, results of operations, or cash flows. Accordingly, the School has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2015 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Nondiscrimination policy is included in registration material Schedule E, Part I, Line 6 The School receives State and Federal Aid payments and grants to finance educational services for their students. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the Executive Director for review before it is signed and filed. The entire board does not review the 990 prior to be filed. Form 990, Part VI, Section B, line 12c Board members sign a conflict of interest statement annually. The Board also reviews the conflict of interest policy annually and makes changes as necessary. Form 990, Part VI, Section B, line 15 The School Board does an annual evaluation of the Executive Director and determines the compensation. The Executive Director evaluates employees and makes recommendations to the School Board. The Board bases its compensation on the knowledge of the budget. 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 -1,818,063. FORM 990, 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 from the prior year. 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 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 transactions noted. AUTHORIZER The School is required to have an Authorizer to monitor its operations in order to maintain its charter. The School's approved Authorizer during the fiscal year 2015 was the Audubon Center of the Northwoods. Form 990, Part XI, line 9 During the year ended June 30, 2015, the School 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 $1,818,063. This change reflects the School's proportionate share of the net pension liabilities ($1,945,378 decrease in net position) and related deferred outflows of resources ($127,315 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 amounts have not been restated.