2026-03-30T12:47:44-05:00 2025-06-30 411504933 LB CARLSON LLP 605 HIGHWAY 169 SUITE 650 MINNEAPOLIS MN 55441 990 2024-07-01 831605019 QUANTUM STEAM ACADEMY QUAN 6516156888 497 HUMBOLDT AVENUE ST PAUL MN 55107 MAHROUS KANDIL EXECUTIVE DIRECTOR 6516156888 2026-02-17 1 0 VICTORIA L HOLINKA P00735616 7635358150 2026-02-17 2024 2025-03-06 01:10:19Z MAHROUS KANDIL 497 HUMBOLDT AVENUE ST PAUL MN 55107 4248790 0 X QSTEAMACADEMY.ORG X 2018 MN PROVIDE AN EDUCATION AND OTHER EDUCATIONAL SERVICES TO STUDENTS IN GRADES K-8. 5 3 44 4 0 0 0 0 3658958 4248790 0 0 0 0 3658958 4248790 0 0 8726 0 2030326 2158910 0 0 0 1341926 1716614 3380978 3875524 277980 373266 2684052 3205473 1568096 1716251 1115956 1489222 QUANTUM STEAM ACADEMY CHARTER SCHOOL ACCELERATES LEARNING THROUGH QUALITY INSTRUCTION, AN INTEGRATED ARTS & SCIENCES CURRICULUM, AND AUTHENTIC COLLABORATION THAT ENGAGES LEADERSHIP, STAFF, STUDENTS, FAMILIES, AND COMMUNITIES IN THE EDUCATIONAL ENTERPRISE. 0 0 3356255 4248790 QUANTUM STEAM ACADEMY CHARTER SCHOOL ACCELERATES LEARNING THROUGH QUALITY INSTRUCTION, AN INTEGRATED ARTS & SCIENCES CURRICULUM, AND AUTHENTIC COLLABORATION THAT ENGAGES LEADERSHIP, STAFF, STUDENTS, FAMILIES, AND COMMUNITIES IN THE EDUCATIONAL ENTERPRISE. QUANTUM STEAM ACADEMY SERVES GRADES PRE-K-8. 3356255 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 44 1 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X KHALID HADDAOUI 6516156888 497 HUMBOLDT AVE ST PAUL MN 55107 CRESCENCE NABIL TREASURER 40.00 X X 67642 0 6876 ABDULAH ALIU MEMBER 40.00 X 52320 0 4006 MAGASSA AYANA MEMBER 1.00 X 0 0 0 LUUL ISAQ MEMBER 1.00 X 0 0 0 KHALID HADDAOUI CHAIR 1.00 X X 0 0 0 119962 0 10882 0 0 0 0 A&K TRANSPORTATION 1531 124TH AVE NE F BLAINE MN 55449 TRANSPORTATION 341325 BILLIE BUS TRANSPORTATION 4640 N LYNDALE AVE MINNEAPOLIS MN 55412 TRANSPORTATION 323484 SOUTHDALE TRANSPORTATION SERVICES INC 4001 STINSON BLVD STE 320 ST ANTHONY MN 55421 TRANSPORTATION 119660 3 FEDERAL AND STATE SOUR 611710 4248790 4248790 4248790 4248790 4248790 0 0 104483 104483 1539350 1308351 230999 314245 297971 16274 93850 37156 56694 106982 86005 20977 55487 28801 26686 3460 3460 66400 66400 225529 222109 3420 5151 5151 23673 7836 15837 333356 333356 1892 1892 23458 23458 38350 38350 11563 11563 TRANSPORTATION 760922 760922 FOOD 156006 156006 TEXTBOOKS 11367 11367 3875524 3356255 519269 0 1000913 1798649 660270 485636 7583 7482 211954 107587 129203 104367 886083 809339 2684052 3205473 277895 353016 1290201 1363235 1568096 1716251 X 900714 1247659 129203 104367 86039 137196 1115956 1489222 2684052 3205473 373266 0 X X 0 1 X 1 0 X 211954 107587 104367 104367 PENSION PLAN DEFERMENTS 809339 809339 NET PENSION LIABILITY 1038498 PENSION PLAN DEFERMENTS 324737 1363235 X 4248790 0 4248790 0 4248790 3875524 0 3875524 0 3875524 PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER IRC 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 740-10. 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 IRS 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 YEAR-END. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY IS INCLUDED IN REGISTRATION MATERIAL. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES STATE AND FEDERAL AID PAYMENTS AND GRANTS TO FINANCE EDUCATIONAL SERVICES FOR THEIR STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY THE BOARD AND DIRECTOR OF ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH BOARD MEMBER COMPLETES A REQUIRED FORM AND DISCLOSES ANY CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 CURRENT COMPENSATION IS BASED ON PAST WAGES WITH INCREASES GIVEN DURING THE YEAR BY THE BOARD FORMING THE BASIS OF FUTURE YEARS PAY. FORM 990, PART VI, SECTION C, LINE 19 MEETING MINUTES, AGENDAS, AND OTHER RELATED INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART XII, LINE 2C: THE SCHOOL BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR 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. 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 2025 WAS NOVATION EDUCATION OPPORTUNITIES. FORM 990, PART VI, SECTION A, LINE 1B: AT LEAST ONE MEMBER OF THE BOARD IS A TEACHER AT THE SCHOOL. MINNESOTA STATE STATUTUE 124D.10 SUBD. 4(G) REQUIRES THE BOARD TO HAVE AT LEAST ONE EMPLOYED OR CONTRACTED TEACHER.