2014-05-15T14:52:26-05:00 2013-06-30 SCHECHTER DOKKEN KANTER CPA'S 100 WASHINGTON AVE SO 1600 MINNEAPOLIS MN 554012192 990 2012-07-01 261221063 BEST ACADEMY INC % JOHN TORVIK BEST 6123819743 1300 OLSON MEMORIAL HWY Suite MINNEAPOLIS MN 55411 ERIC MAHMOUD 6123325500 2014-04-30 true JOHN LAWSON CPA 6123325500 2012 2015-11-30 17:44:51Z ERIC MAHMOUD 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 7190492 false X WWW.THEBESTACADEMY.ORG X 2007 MN TO INSTRUCT, EMPOWER, ENABLE AND GUIDE AFRICAN AMERICAN CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL AND MORAL DEVELOPMENT. 6 6 81 125 0 6870654 7155162 2235 33485 65 1845 0 0 6872954 7190492 0 0 0 0 3143996 2872505 0 62050 127289 3251842 3627136 6395838 6561691 477116 628801 1812495 2218655 694620 471979 1117875 1746676 TO INSTRUCT, EMPOWER, ENABLE AND GUIDE AFRICAN AMERICAN CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL AND MORAL DEVELOPMENT. false false 5266054 33485 BEST ACADEMY PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 460 STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE. 5266054 true true false false false false false false false false true false false true true true true false true false false false false true false false false false false true false false false false false false false false false false false false false false false false false true 21 0 81 true false false false false false false false false false false X 6 6 false false false false false false false true true false false false true true true true true true true false MN X JOHN TORVIK 6123819743 1300 OLSON MEMORIAL HWY MINNEAPOLIOS MN 55411 ED COAKLEY 1.0 X X 0 0 EZRA HYLAND 1.0 X X 0 0 0 CALLIE LALUGBA 1.0 X 0 0 0 ANURA SI-ASAR 1.0 X FATAU DIAHAME 40.0 X 63986 0 0 DEANDRA KNIGHTEN 1.0 X 0 0 0 ERIC MAHMOUD 30.0 X 168680 0 0 JOHN TORVIK 15.0 X 0 0 0 232666 0 0 1 false true false TEACHERS ON CALL PO BOX 270107 MINNEAPOLIS MN 55401 TEACHING 159176 MAINLINE TRANSPORTATION 835 DECATUR AVE N GOLDEN VALLEY MN 55427 TRANSPORTATION 317823 CKC 11237 LAKELAND CIRCLE FORT MEYERS FL 33913 CATERING 273343 MINNEHAHA TRANSPORTATION 3140 IRVING AVE S MINNEAPOLIS MN 55408 TRANSPORTATION 338233 4 6602757 552405 7155162 FOOD SALES 611710 25184 25184 OTHER REVENUE 611710 8301 8301 33485 1845 1845 0 0 0 0 0 0 0 0 0 0 7190492 33485 1845 X 0 0 0 0 192180 153744 38436 0 2196138 1888679 285498 21961 161979 139302 21057 1620 113488 97600 14753 1135 208720 179499 27134 2087 0 0 0 0 62050 62050 0 1114379 635195 479184 0 115135 96713 18422 0 0 864409 760680 103729 0 0 1674 1473 201 27973 27973 0 80376 57871 22505 15050 12943 2107 STUDENT TRANSPORTATION 723097 723097 FOOD 367327 367327 TEXTBOOKS AND SUPPLIES 167074 167074 DUES & SUBSCRIPTIONS 66011 58090 7921 84631 80511 4120 6561691 5266054 1168348 127289 152808 881100 0 0 0 0 1267595 941797 0 0 0 0 0 0 0 0 8160 125701 479057 340185 237775 138872 0 0 0 0 0 0 0 0 146157 131185 1812495 2218655 500056 394676 0 0 0 0 0 0 0 0 0 0 0 0 0 0 194564 77303 694620 471979 X 1074664 1685107 43211 61569 0 0 1117875 1746676 1812495 2218655 628801 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 479057 340185 138872 138872 DUE FROM AFFILIATE 131185 131185 0 CURRENT PORTION LT DEBT 45578 LONG-TERM LIABILITIES 31725 77303 X 7190492 7190492 7190492 6561691 6561691 6561691 PART X, LINE 2 THE SCHOOL HAS NOT IDENTIFIED ANY UNCERTAINTIES IN FEDERAL OR STATE INCOME TAXES FOR ANY OPEN TAX YEARS AS OF JUNE 30, 2013. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITES FOR YEARS BEFORE 2009. NO AUTHORITIES HAVE COMMENCED INCOME TAX EXAMINATIONS AS OF JUNE 30, 2013. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true EXPLANATION OF RACIAL NONDISCRIMINATORY POLICY SCHDULE E, LINE 3 THE NONDISCRIMNATORY CLAUSE APPEARS ON BEST ACADEMY'S BROCHURE AND APPLICATIONS FOR ADMISSION AND EMPLOYMENT. EXPLANATION OF GOVERNMENT FINANCIAL AID SCHEDULE E, LINE 6 THE ORGANIZATION IS A CHARTER SCHOOL UNDER MINNESOTA STATUTE. THIS CLASSIFICATION ENTITLES THE ORGANIZATION TO THE SAME FUNDING AVAILABLE TO PUBLIC SCHOOLS WITHIN THE STATE. X X X true LOUIS KING 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 GRANT WRITING false 26000 KAREN KELLEY-ARIWOOLA 1300 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 GRANT WRITING false 34408 60408 MN false false false false false false false false false ERIC MAHMOUD 168680 0 0 0 0 0 0 0 0 0 168680 0 0 0 FORM 990 REVIEW PROCESS PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE CFO AND EXECUTIVE DIRECTOR TO REVIEW. AFTER THE RETURN HAS BEEN APPROVED THE RETURN WILL THEN BE FILED. WRITTEN CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY AND THE ORGANIZATION IS IN COMPLIANCE WITH THAT POLICY. THE CHIEF COMPLIANCE OFFICER MONITORS ALL COMPLIANCE MATTERS AND ENSURES THE CONFLICT OF INTEREST POLICY IS ENFORCED. COMPENSATION REVIEW PROCESS PART VI, SECTION B, LINE 15B THERE IS A COMPARISION DONE WITH THE LOCAL SCHOOL DISTRICT FOR ALL SALARIES. ALL SALARIES ARE DETERMINED ON AN INDIVIDUAL CONTRACT BASIS, BASED UPON WORK EXPERIENCE AND WORK PERFORMANCE. AVAILABILITY OF DOCUMENTS TO PUBLIC PART VI, LINE C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:ADMIN FEES PAID TO SEED TOTAL FEES:325949 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:MARKETING TOTAL FEES:55771 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT STAFFING-TEACHERS TOTAL FEES:298809 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT STAFFING-SUBSTITUTES TOTAL FEES:173377 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT STAFFING-MATH TEACH TOTAL FEES:75000 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT STAFFING-SPED SERVICE TOTAL FEES:179306 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:MISCELLANEOUS TOTAL FEES:6167