2013-02-06T16:52:29-06:00 2012-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2011-07-01 411890992 Cyber Village Academy CYBE 6515237170 768 Hamline Avenue South St Paul MN 55116 David Glick 6515237170 2013-01-26 1 Thomas A Karnowski P00148364 9525450424 2013-01-26 2011 2016-02-25 16:41:14Z Cyber Village Academy David Glick 768 Hamline Avenue South St Paul MN 55116 1471160 0 X cva.k12.mn.us X 1997 MN Provide an education for students in grades 3 to 12. 9 4 22 20 3575 0 223370 205451 1052086 1262106 14 28 2459 3575 1277929 1471160 0 0 0 0 655597 804408 0 0 2278 631113 611538 1286710 1415946 -8781 55214 485652 609397 397784 466315 87868 143082 Cyber Village Academy prepares students to meet the challenge of a rapidly changing world with confidence by helping them to become inquiring, knowledgeable, caring and active citizens who value academic rigor, integrity, self reliance and compassion. 0 0 1206930 1262106 To provide an eduactional program and other educational services to its students in grades 3 through 12. During the fiscal year ended June 30, 2012 Cyber Village Academy served an estimated 136 students. 1206930 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 4 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 0 MN X Pam Young 6516450200 2233 University Ave W Suite 450 St Paul MN 551141634 Rob Rand 40.00 X X 51308 0 11232 Cheryl Neima 40.00 X 54846 0 17439 Lauren Odle 40.00 X X 43992 0 14223 Deb DeBruin 1.00 X 0 0 0 Robyn Mesenbring 40.00 X X 51355 0 11251 Robert Kaufer 1.00 X X 0 0 0 Chris Orr 40.00 X 37908 0 8648 Jeff Sprinkel 1.00 X 0 0 0 Laurie Iwan 1.00 X 0 0 0 David Glick 40.00 X 0 0 0 239409 0 62793 0 0 0 1 Designs for Learning 2233 University Ave W St Paul MN 55114 Accounting, payroll, audit preparation, 180457 1 197278 8173 205451 Federal and State Sour 611710 1217973 1217973 Other Educational Purp 611710 44133 44133 1262106 28 28 3575 0 3575 3575 1471160 1262106 3575 28 227400 227400 406239 348235 58004 39809 35799 4010 83996 76467 7529 46964 42285 4679 86213 33000 53213 300 300 52443 52443 92862 92520 342 25785 20584 2923 2278 280711 275185 5526 559 434 125 3234 2814 420 8118 8118 20961 19069 1892 5490 4779 711 6439 6439 Field Trips 17330 17330 Food 6336 6336 Transportation 4693 4693 Food 64 64 1415946 1206930 206738 2278 56229 200 45648 394385 533501 24459 24959 72412 67323 10579 5089 485652 609397 185355 161112 3296 326 209133 304877 397784 466315 X 86422 142712 1446 370 0 0 87868 143082 485652 609397 55214 0 X X 0 1 1 X 0 X 775 310 465 71637 67013 4624 5089 1471160 1415946 55214 55214 1468882 0 1468882 2278 2278 1471160 1413668 0 1413668 2278 2278 1415946 Description of Uncertain Tax Positions Under FIN 48: Part X: 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. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification (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 effect on their respective financial condition, results of operations, 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, 2012. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. Open audit periods for the Academy are the years ended June 30, 2009, 2010, and 2011 Adjusting contra revenue from a revenue classification to an expense classification. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 Cyber Village Academy does not advertise or market itself. The Academy's admissions policies, including nondiscrimination policy are published on the school's website and as such are readily available to the public. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The School receives aids through the State of Minnesota for the purpose of providing educational services to its students. X X X X 0 0 0 0 0 0 0 0 0 Supplemental Information Part III David Alley is paid through an unrelated organization, Designs for Learning, for services provided to the organization. He was paid $40,000 in the current year under the capacity of the Executive Director. He is not listed as a former employee on Part VII of the Form 990 as he was paid less than $100,000 in the current year. David Alley Owner/President of Designs for Learning and Director of Academy 180457 Cyber Village Academy has contracted with Designs for Learning for accounting, payroll, audit, special education, director, and technology services. 0 Form 990, Part VI, Section A, line 3 The Academy's former director's duties are normally an internal function of a charter school. Cyber Village outsources these duties to Designs for Learning, a service organization. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of governing body. Form 990, Part VI, Section B, line 11 The return is reviewed and signed by the School's Director prior to filing. The entire board does not review the 990 before filiing. Form 990, Part VI, Section B, line 12c The Board receives training and information from MDE and Designs for Learning about required policies and procedures. Every year the board completes conflict of interest questionnaires and files them with Designs for Learning. Form 990, Part VI, Section B, line 15b Officers of the Board receive their regular salary whether or not they serve on the Board - in other words, Board membership or Board Officer status have no impact on salary. The school's director is not an employee, and the contract amount paid for his services was established when he was hired in August 2007 as the same amount of his predecessor, the founding director of the school, was paid as an employee. The Director prepares a school budget, including salaries and benefits budgets, which the board approves. The Board negotiates the Designs for Learning contract separately and it and all contracts are Board approved. Staff salaries have remained flat for several years as a result of the school's financial situation and State budget balancing measures and teacher salary schedules are now governed by Q Comp requirements. Form 990, Part VI, Section C, line 19 The organization makes its 990 information, governing documents, conflict of interest policy and financial statements available upon request. FORM 990. PART XII. Line 2C: The 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. 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. 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. 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 2012 was Special School District No.1.