2013-05-15T09:00:54-05:00 2012-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2011-07-01 411962390 Aurora Charter School AURO 6128703891 2520 Minnehaha Avenue Minneapolis MN 55404 Cheryl Avina 6128703891 2013-05-13 1 Thomas A Karnowski P00148364 9525450424 2013-05-13 2011 2016-02-24 21:20:13Z Cheryl Avina 2520 Minnehaha Avenue Minneapolis MN 55404 4141470 0 X www.auroracharterschool.com X 2000 MN Operate a center of learning that teaches Latino culture. 5 2 53 7 0 0 410869 396009 3860138 3740551 6007 4910 0 0 4277014 4141470 0 0 0 0 2038115 1979370 0 0 3741 2186924 2146969 4225039 4126339 51975 15131 1693103 1574402 486967 273674 1206136 1300728 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 3733117 3740551 Education of students. Aurora Charter School is a tuition free, public charter school. During the fiscal year ended June 30, 2012, the School served an estimated 295 students. 3733117 1 1 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 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X CMERDC 3202571924 570 First Street SE St Cloud MN 55304 Robert Harvey 10.00 X X 0 0 0 C Veronica Narciso 40.00 X X 50290 0 7144 Matthew Cisewski 40.00 X X 43103 0 7616 Bianca Boomer 40.00 X 41540 0 6245 Ben Martin 2.00 X 0 0 0 Cheryl Avina 40.00 X 88665 0 14092 223598 0 35097 0 0 0 0 Minnehaha Transportation 3140 Irving Avenue South Minneapolis MN 55408 Transportation 335652 Done Right Foods 100 Vadnais Blvd Vadnais Heights MN 55127 Food Service Contract 207551 2 381045 14964 396009 Federal and State Sour 611710 3323553 3323553 Other Educational Purp 611710 416998 416998 3740551 4910 4910 4141470 3740551 0 4910 240082 150561 89521 1346937 1268087 78850 101148 88955 12193 174985 151979 23006 116218 103327 12891 43914 43914 44492 44492 437903 418320 15842 3741 151679 117195 34484 20358 17256 3102 821031 808797 12234 13455 13455 17880 1129 16751 224609 222408 2201 14996 14996 Transportation 331197 331197 Food 25455 25455 4126339 3733117 389481 3741 214132 0 135946 4103 799094 1177617 45223 103096 1498788 1209202 498708 289586 1693103 1574402 235367 173594 120 80 251480 100000 486967 273674 X 879782 1011142 326354 289586 0 0 1206136 1300728 1693103 1574402 X 15131 79461 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47306 390469 437775 0 474261 281935 192326 189527 92267 97260 835000 835000 0 289586 4141470 4126339 15131 79461 79461 94592 3747260 0 3747260 394210 394210 4141470 3652668 0 3652668 473671 473671 4126339 Part IV, Line 1b: The Agency fund is managed by the School but held by an unrelated organization for improvements and repairs of the School's rented building. The cash is not held by the School and therefore is not on the balance sheet of the school. Description of Uncertain Tax Positions Under FIN 48: Part X: The School 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 School 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 School has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The School 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 School has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2012. Part XI, Line 8 - Other Adjustments: The difference between the beginning and ending Agency Fund Cash 79,461. Part XII, Line 4b - Other Adjustments: Revenue related to the Agency Fund 390,469. Contra Revenue reported as an expense 3,741. Part XIII, Line 4b - Other Adjustments: Expenses related to the Agency Fund 469,930. Contra Reveneue reported as an expense 3,741. There is a $32,155 difference in the distributions and the change in net assets related to the agency fund due to the closing of the fund have loan payoffs. 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 Nondiscrimination policy is included in registration material Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The School receives State and Federal Aid payments and grants to finance educational services for their students. Oscar Avina Spouse of Director 62130 Employed by School 0 Alejandro Avina Husband of Board Chair & Son of Director 39680 Employed by School 0 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: The difference between the beginning and ending Agency Fund Cash 79,461. Total to Form 990, Part XI, Line 5: 79,461. Independent Auditor 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. Independent Directors 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 compendation, 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 2012 was the Audubon Center of the Northwoods. Agency fund FORM 990, SCHEDULE D, PART IV The unrelated company that the School leases from holds the funds related to the Agency fund. The School puts money into the Agency fund and records revenues. When the funds are taken out to pay the rent the expenses are recorded on the School's books. The Government-wide financial statements do no incorporate the Agency fund revenues and expenditures and are reconciled on the Schedule D to tie out Form 990 to the Government-wide financials. The change between the beginning and ending cash balances held by the leasor are reconciled on the Schedule D as cash and fund balance are no recorded on the balance sheet as has been explained on Form 990, Schedule D, Part XIV.