2016-03-23T15:12:00-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA F WALLRAFF CHIEF FINANCIAL OFFICER 6517485507 2016-03-17 1 SARAH REICHLING P01305207 6123764500 2014 2016-08-17 19:52:53Z WILLIAM J HUDSON 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 12479842 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 20 19 174 325 0 0 704834 1093417 10442934 10591383 286053 504958 315188 143418 11749009 12333176 2368793 2330865 0 0 6102081 6607936 0 0 203152 3780594 3063247 12251468 12002048 -502459 331128 29910760 29544854 10600542 10243135 19310218 19301719 TO TEACH STUDENTS TO THINK INDEPENDENTLY, COMMUNICATE EFFECTIVELY AND ACT WITH RESPECT AND INTEGRITY IN A DIVERSE COMMUNITY THAT MODELS INTELLECTUAL AMBITION, GLOBAL RESPONSIBILITY AND THE JOY OF LEARNING. 0 0 10085092 2330865 10591383 OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA, TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY SERVED APPROXIMATELY 500 STUDENTS. NINETY-EIGHT PERCENT OF THE ACADEMY'S STUDENTS ARE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITIES. THE ACADEMY'S CURRICULUM FOCUSES ON COLLABORATION; EXPERIENTIAL, HANDS-ON LEARNING; AND PROVIDES OVER 70 ACTIVITIES INCLUDING FINE ARTS, ACADEMICS, SOCIAL AWARENESS AND ATHLETICS AT ITS 32 ACRE CAMPUS IN ST. PAUL. 10085092 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 174 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X X REGINA WALLRAFF 6517485501 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 ROBIN BROOKSBANK CHAIR 10.00 X X 0 0 0 TAMARA ANDERSON TRUSTEE,CO-CHAIR 10.00 X X 0 0 0 NANCY ETZWILER TRUSTEE,CO-CHAIR 10.00 X X 0 0 0 BRENT PEACOCK TRUSTEEE, TREASURER 10.00 X X 0 0 0 BETH AVERBECK TRUSTEE, SECRETARY 2.00 X X 0 0 0 DANA BOYLE TRUSTEE 2.00 X 0 0 0 COURTENAY BROWN TRUSTEE 2.00 X 0 0 0 KOFI BRUCE TRUSTEE 2.00 X 0 0 0 JENEAN CORDON TRUSTEE 2.00 X 0 0 0 MICHAEL DAI TRUSTEE 2.00 X 0 0 0 BETH FINCH TRUSTEE 2.00 X 0 0 0 ALLAN FLINN TRUSTEE 2.00 X 0 0 0 JENNIFER GATTI TRUSTEE 2.00 X 0 0 0 CHRIS JESMER TRUSTEE 2.00 X 0 0 0 CHRISTOPHER PARISH TRUSTEE 2.00 X 0 0 0 NATALIE WATERS SEUM TRUSTEE 2.00 X 0 0 0 BILL SEYMOUR TRUSTEE 2.00 X 0 0 0 DANIEL SHAPIRO TRUSTEE 2.00 X 0 0 0 LORI TAPANI TRUSTEE 2.00 X 0 0 0 BILL HUDSON HEAD OF SCHOOL 40.00 X 138767 0 0 REGINA WALLRAFF CHIEF FINANCIAL OFFICER 40.00 X 97417 0 0 RANDY COMFORT US DIVISION DIRECTOR 40.00 X 74191 0 0 310375 0 0 1 0 0 0 SAGE DINING SERVICES 222 BOSLEY AVE B7 TOWSON MD 21204 FOOD SERVICE 431022 FIRST STUDENT 6349 STILLWATER BLVD OAKDALE MN 55128 TRANSPORTATION 177844 FINLEY BROS DBA TENNIS WEST HOPKINS MN 55343 CONSTRUCTION 176873 3 542126 36781 514510 370872 1093417 TUITION 611600 10196529 10196529 FOOD SERVICE 611710 306768 306768 TRANSPORTATION 480000 83127 83127 APPLICATION FEES 611600 4959 4959 10591383 236850 236850 22417 0 22417 22417 22417 350105 81997 268108 268108 268108 0 542126 57239 -57239 -57239 9705 7430 2275 2275 MISCELLANEOUS 900099 105508 105508 EXTENDED DAY CARE 611710 59807 59807 YEARBOOK 611710 10650 10650 175965 12333176 10591383 0 648376 2330865 2330865 301891 301891 5178881 4337079 697227 144575 77954 65450 10461 2043 711501 602024 90688 18789 337709 282372 46524 8813 18536 18536 38001 38001 60303 60303 33000 25000 8000 98039 98039 309632 299883 7630 2119 32529 4587 27942 269469 264054 4238 1177 231084 231084 1086947 1026166 57403 3378 112925 111015 1495 415 FOOD 341247 309646 18632 12969 STUDENT TRANSPORTATION 185688 185688 RECOGNITION AND AWARDS 7452 7452 BAD DEBTS EXPENSE 562 562 237833 233811 3148 874 12002048 10085092 1713804 203152 1144892 1354106 1000071 1052479 20093 79561 31436 34192 21013 18776 37274220 16886715 20901574 20387505 6549108 6382961 31328 32060 211245 203214 29910760 29544854 734703 733273 1040821 948001 7707444 7707444 898687 624586 218887 229831 10600542 10243135 X 13563283 13511257 1628081 1534953 4118854 4255509 19310218 19301719 29910760 29544854 331128 -339627 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6077695 171227 287000 5961922 5238355 289821 771500 221981 6077695 4944672 195286 485768 137371 250000 5238355 2986470 2097898 112804 150000 102500 4944672 2554910 18276 511284 98000 2986470 0.10960 0.71380 0.17660 0 0 746927 746927 31927321 12286743 19640578 4599972 4599972 0 20387505 ASSET RETIREMENT OBLIGATION 229831 229831 X 9732332 -339627 48769 -290858 10023190 60303 2249683 2309986 12333176 9740831 48769 48769 9692062 60303 2249683 2309986 12002048 PART V, LINE 4: THE ORGANIZATION MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE 290, AND IS GENERALLY EXEMPT FROM REAL ESTATE TAXES. THE ORGANIZATION IS A PUBLIC CHARITY AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS CHARITABLE TAX DEDUCTIONS BY CONTRIBUTORS. THE ORGANIZATION FOLLOWS THE PROVISIONS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ORGANIZATION IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 41,339. COST OF GOODS SOLD 7,430. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED IN REVENUE 2,249,683. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 41,339. COST OF GOODS SOLD 7,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION 2,249,683. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SCHOOL ADMISSION GUIDELINES CONTAIN THE NONDISCRIMINATORY POLICIES. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. ANNUAL FUND 409437 409437 10422 BEST OF MPA 132689 132689 15900 30917 542126 542126 15900 41339 57239 -57239 1 FINANCIAL AID 215 2127127 N/A N/A TUITION DISCOUNT 11 115491 N/A N/A PANTHER CLUB FINANCIAL AID 51 45862 N/A N/A REDUCED LUNCH 49 42385 N/A N/A PART I, LINE 2: THE TYPE OF ASSISTANCE PROVIDED IS CREDITED DIRECTLY TO THE RECIPIENT'S ACCOUNT ON BEHALF OF THE STUDENT. NO FUNDS ARE DIRECTLY DISBURSED TO INDIVIDUALS. A CITY OF FALCON HEIGHTS MINNESOTA 416007644 2014-05-15 7707444 REFUND PRIOR BOND ISSUE 0 0 0 A 7707444 147444 7560000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 X 19 370872 STOCK MARKET QUOTES 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF ITEMS CONTRIBUTED ON PART I COLUMN B. FORM 990, PART VI, SECTION A, LINE 1 THE COMPOSITION OF THE EXECUTIVE COMMITTEE IS THE OFFICERS OF THE BOARD AND THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE ACTS WITH THE POWER AND AUTHORITY OF THE ENTIRE BOARD ON SUCH MATTERS AS MAY REQUIRE ACTION OR DISCUSSION BETWEEN REGULAR MEETINGS OF THE BOARD AND/OR WHEN A SPECIAL MEEETING MAY NOT BE PRACTICAL OR POSSIBLE. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S BUSINESS OFFICE PROVIDED THE FORM 990 DETAIL TO AUDITORS WHO PREPARED THE RETURN. THE DRAFT FORM 990 WAS REVIEWED BY THE ORGANIZATION'S FINANCE COMMITTEE AND GOVERNANCE COMMITTEE FOR ADJUSTMENTS. A PUBLIC INSPECTION COPY OF THE RETURN WAS FORWARDED TO THE WHOLE BOARD PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVIEWED AT THE BEGINNING OF EACH NEW BOARD YEAR AND DISCLOSURES ARE SIGNED BY ALL TRUSTEES. IF A CONFLICT IS DETERMINED TO EXIST BY THE REMAINING MEMBERS NOT INVOLVED IN THE CONFLICT AT A SPECIFIC MEETING, THE CONFLICTED TRUSTEE WILL BE DISMISSED FROM DISCUSSION AND THE DECISION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWED COMPARABILITY DATA FOR OTHER HEADS OF INDEPENDENT SCHOOLS AT THE LOCAL AND STATE LEVELS; THE SOURCE OF THIS DATA WAS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND INDEX; INDEPENDENT SCHOOL DATA EXCHANGE, AN ORGANIZATION THAT SURVEYS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS FOR COMPARISON PURPOSES. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS LAST CONDUCTED AT THE JUNE, 2014 BOARD MEETING FOR THE HEAD OF SCHOOL, W. HUDSON. THE SALARY FOR THE CFO IS COMPARED TO OTHER INDEX SCHOOLS OF SIMILAR SIZE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.