2012-11-15T09:47:08-06:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-07-01 411420915 MOUNDS PARK ACADEMY MOUN 6517485507 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 REGINA WALLRAFF 6517485507 2012-11-13 1 XIAOYAN LUO P01305207 6123764500 2011 2016-02-24 21:20:13Z MICHAEL DOWNS 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 15658649 0 X WWW.MOUNDSPARKACADEMY.ORG X 1981 MN TEACH STUDENTS TO THINK INDE- PENDENTLY, COMMUNICATE EFFECTIVELY & ACT WITH RESPECT & INTEGRITY. 24 23 250 325 0 0 1274537 2737228 11726541 11384752 233795 138524 336407 301488 13571280 14561992 2199648 2371168 0 0 7655833 7109034 0 0 202804 3926430 4012176 13781911 13492378 -210631 1069614 30843639 30968024 11769270 11558171 19074369 19409853 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 11064349 2372033 11384752 OPERATE A CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY SCHOOL IN ST. PAUL, MINNESOTA TEACHING STUDENTS IN GRADES PRE-K THROUGH 12. MOUNDS PARK ACADEMY'S AVERAGE CLASS SIZE IS 17 STUDENTS, WITH APPROXIMATELY 600 STUDENTS SERVED. 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. 11064349 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 251 0 250 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X REGINA WALLRAFF 6517485501 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 X ROBIN BROOKSBANK 10.00 X X 0 0 0 FORD NICHOLSON 3.00 X X 0 0 0 BRENT PEACOCK 3.00 X X 0 0 0 TED LYLE 3.00 X X 0 0 0 AMANDA ABDO-SHEAHAN 2.00 X 0 0 0 TAMRA ANDERSON 2.00 X 0 0 0 BETH AVERBECK 2.00 X 0 0 0 NANCY BECK 2.00 X 0 0 0 KOFI BRUCE 2.00 X 0 0 0 JENEAN CORDON 2.00 X 0 0 0 NANCY ETZWILER 2.00 X 0 0 0 ALLAN FLINN 2.00 X 0 0 0 JENNIFER GATTI 2.00 X 0 0 0 HOWARD GREEN 2.00 X 0 0 0 ALIX HONDA 2.00 X 0 0 0 ELIZABETH JANSEN LEMIRE 2.00 X 0 0 0 CHRIS JESMER 2.00 X 0 0 0 MICHAEL MILLER 2.00 X 0 0 0 KARLA MYERS 2.00 X 0 0 0 KIM OTNESS 2.00 X 0 0 0 CHRISTOPHER PARISH 2.00 X 0 0 0 PAM SUTTONFACULTY 2.00 X 34591 0 1182 LORI TAPANI 2.00 X 0 0 0 EDWARD TREY TITCOMB III 2.00 X 0 0 0 MICHAEL DOWNS 40.00 X 254697 0 16781 REGINA WALLRAFF 40.00 X 104381 0 12757 393669 0 30720 2 0 1 0 SAGE DINING SERVICES 222 BOSLEY AVE B7 TOWSON MD 21204 FOOD SERVICE 415968 FIRST STUDENT 6349 STILLWATER BLVD OAKDALE MN 55128 TRANSPORTATION 205663 ALBERS MECHNICAL SERVICES INC 200 PLATO BLVD W ST PAUL MN 55107 FACILITY PROJECTS 142832 3 488141 43630 2205457 117753 2737228 TUITION 611600 10870917 10870917 FOOD SERVICE 611710 383079 383079 TRANSPORTATION 480000 123264 123264 BOOKSTORE 611710 3842 3842 APPLICATION FEES 611600 3650 3650 11384752 160938 160938 21552 0 21552 21552 21552 1038721 1061135 -22414 -22414 -22414 5710 488141 26930 -21220 -21220 13370 8592 4778 4778 EXTENDED DAY CARE 611710 150545 150545 MISCELLANEOUS 900099 101368 101368 YEARBOOK 611710 44465 44465 296378 14561992 11384752 0 440012 20200 20200 2350968 2350968 409002 31448 377554 5567862 4813267 634816 119779 704235 585481 103668 15086 427935 344416 74487 9032 35922 35922 26877 26877 32730 10270 22460 149915 2847 140753 6315 495728 431536 41746 22446 88020 45108 29118 13794 307426 302227 4069 1130 15925 2605 13319 1 8108 2800 5264 44 450350 450350 1259408 1200292 55578 3538 92662 91095 1226 341 FOOD TOTAL 434625 407899 18590 8136 TRANSPORTATION TOTAL 224628 216436 7566 626 BAD DEBTS TOTAL 157149 8 157141 FIELD TRIP & REGISTRATI 72714 71275 895 544 159989 134171 23826 1992 13492378 11064349 2225225 202804 3069410 2333336 143128 648534 372643 28065 32662 2327 26500 31809 94127 19587 36334830 13274049 23963103 23060781 2748452 4383432 28642 29413 364972 430740 30843639 30968024 1301832 839188 931149 944391 8442444 8117444 1093845 1657148 11769270 11558171 X 16443777 14766905 694743 609201 1935849 4033747 19074369 19409853 30843639 30968024 X 1069614 -734130 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2986470 2097898 112804 150000 102500 4944672 2554910 18276 511284 98000 2986470 2583492 133657 -72239 90000 2554910 3086503 30612 -453623 80000 2583492 0.09390 0.81580 0.09030 0 0 746927 746927 31468155 9285111 22183044 4118150 3988938 129212 1598 1598 23060781 BOND INTEREST PAYABLE 21208 ASSET RETIREMENT OBLIGATION 198537 VALUATION OF INTEREST RATE SWAP AGREEMENT 1437403 1657148 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION MAINTAINS ITS ENDOWMENT TO SUPPORT FINANCIAL AID AND PROGRAMS OF THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 OF ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW FOR INCOME TAX PURPOSES BEGINNING WITH THE YEAR ENDED JUNE 30, 2009. 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 SCHOOL ADMISSION GUIDELINES CONTAIN THE NONDISCRIMINATORY POLICIES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES PUBLIC FUNDS FROM INDEPENDENT SCHOOL DISTRICT 622. ANNUAL FUND 396577 396577 278 7351 BEST OF MPA 90419 85579 4840 6889 9800 1 6855 5985 870 1560 1052 493851 488141 5710 8727 18203 26930 -21220 1 BREAKTHROUGH SAINT PAUL 2051 LARPENTEUR AVENUE EAST ST PAUL MN 55109 453587267 501(C)3 20200 GENERAL OPERATING SUPPORT 1 0 FINANCIAL AID 177 2129413 N/A N/A TUITION DISCOUNT 17 136692 N/A N/A REDUCED LUNCH 70 63895 N/A N/A PANTHER CLUB FINANCIAL AID 42 15173 N/A N/A SCHOLARSHIPS 1 1500 N/A N/A SUMMER ENRICHMENT FINANCIAL AID 10 2430 N/A N/A TRANSPORTATION ASSISTANCE 1 1800 N/A N/A BOOKS ASSISTANCE 1 65 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL DOWNS 233181 0 0 0 21516 0 0 0 16781 0 271478 0 0 0 PART I, LINE 1A MICHAEL DOWNS - HEAD OF SCHOOL - HOUSING ALLOWANCE - $12,000 - INCLUDED IN TAXABLE COMPENSATION CITY OF MAPLEWOOD 416008920 565561AT4 2003-10-01 4480000 REFUND PRIOR BOND ISSUE, FACILITIES REMODEL 0 0 0 CITY OF MAPLEWOOD 416008920 565561AU1 2005-05-01 13600000 BUILDING EXPANSION 0 0 0 1300000 4480000 168962 4311038 2003 0 0 1 1 8660000 13600000 324893 13275107 2006 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 1 0 1 MBIA INC 3.000000000000 0 0 1 VARIOUS STUDENTS STUDENTS HAVE IMMEDIATE FAMILY MEMBERS ON THE BOARD 30125 FINANCIAL AID X 13 117753 STOCK MARKET QUOTES 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES A BROKERAGE FIRM TO RECEIVE AND SELL STOCK GIFTS. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION'S EXECUTIVE COMMITTEE INCLUDES THE OFFICERS OF THE BOARD, THE HEAD OF SCHOOL AND OTHER INDIVIDUALS AS DETERMINED BY THE BOARD. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS; ASSIST IN THE PERFORMANCE OF EVALUATION OF THE HEAD OF SCHOOL ANNUALLY, AS NECESSARY; COORDINATE THE ACTIVITIES OF OTHER BOARD COMMITTEES AND TASK FORCES, AS NECESSARY; AND REVIEW ISSUES THAT TRANSCEND A SINGLE BOARD COMMITTEE WHEN APPROPRIATE AND PREPARE RECOMMENDATIONS FOR BOARD ACTION, AS NEEDED. 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 COPY OF THE RETURN WAS FORWARDED TO THE WHOLE BOARD BEFORE 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 IN A 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. NATIONAL DATA CAME FROM BENCHMARK RESEARCH, AN ORGANIZATION THAT GROUPS SIMILARLY SIZED INDEPENDENT DAY SCHOOLS TOGETHER FOR COMPARISON PURPOSES; HOWEVER, THIS DATA WAS ONLY AVAILABLE FOR BASE SALARY. THE BOARD OF TRUSTEES REVIEWED THE DATA AND APPROVED THE EMPLOYMENT CONTRACT. THE PROCESS WAS LAST CONDUCTED AT THE JUNE, 2012 BOARD MEETING FOR THE HEAD OF SCHOOL, M. DOWNS. THE SALARY FOR THE DIRECTOR OF BUSINESS AND FINANCE IS COMPARED TO OTHER BENCHMARK 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. EXPLANATION OF HOURS WORKED FORM 990, PART VII, SECTION A TAMRA ANDERSON DEVOTED APPROXIMATELY 4 HOURS PER WEEK AS FOLLOWS: MOUNDS PARK ACADEMY 2 HOURS BREAKTHROUGH SAINT PAUL 2 HOURS TED LYLE DEVOTED APPROXIMATELY 5 HOURS PER WEEK AS FOLLOWS: MOUNDS PARK ACADEMY 3 HOURS BREAKTHROUGH SAINT PAUL 2 HOURS CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 68,422. CHANGE IN VALUATION OF INTEREST RATE SWAP AGREEMENT -554,607. BEGINNING NET ASSETS OF RELATED ORG REPORTED ON SEPARATE FORM 990 -247,945. TOTAL TO FORM 990, PART XI, LINE 5: -734,130. EXPLANATION FOR BEGINNING NET ASSET ADJUSTMENT FORM 990, PART XI, LINE 8 THE BEGINNING NET ASSETS OF BREAKTHROUGH SAINGT PAUL WERE REMOVED FROM THE BALANCE SHEET OF MOUNDS PARK ACADEMY FOR TAX REPORTING AT 6/30/12 AND REPORTED ON A SEPARATE FORM 990. BREAKTHROUGH SAINT PAUL RECEIVED IRS EXEMPTION AS OF 7/1/11 AND REPORTED ITS ACTIVITIES ON A SEPARATE FORM 990 FOR THE YEAR ENDING 6/30/12. BREAKTHROUGH SAINT PAUL 2051 EAST LARPENTEUR AVENUE ST PAUL MN 55109 453587267 EDUCATIONAL SUPPORT SERVICES MN 501(C)(3) LINE 7 MOUNDS PARK ACADEMY 1 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 BREAK-THROUGH ST PAUL P 141691 CASH TRANSFERRED BREAK-THROUGH ST PAUL Q 176597 CASH TRANSFERRED BREAK-THROUGH ST PAUL B 71717 FMV