2026-04-27T11:35:48-05:00 2025-06-30 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2024-07-01 200309518 SPERO ACADEMY SPER 6124658600 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 DIANE PANGAL EXECUTIVE DIRECTOR 6124658600 2026-04-23 1 1 MICHELLE HEKEL CPA P01440878 3192346885 2026-04-23 2024 2025-03-06 01:10:19Z DIANE PANGAL 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 19714489 0 X WWW.SPERO.ACADEMY X 2003 MN OPERATION OF MINNESOTA CHARTER SCHOOL. 8 7 260 7 0 0 18594658 19369602 261835 255300 -4 -9170 1700 86162 18858189 19701894 0 0 0 0 10997072 12227297 0 0 0 7821490 7707269 18818562 19934566 39627 -232672 4853952 5031261 9334716 9321703 -4480764 -4290442 X EMPOWER ACADEMIC, SOCIAL AND EMOTIONAL GROWTH FOR ALL IN A CULTURALLY INCLUSIVE AND COLLABORATIVE ENVIRONMENT. WE PRIORITIZE ADAPTIVE EDUCATION AND A SUPPORTIVE COMMUNITY TO ENSURE EVERY STUDENT FEELS VALUED AND PREPARED TO REACH THEIR FULL POTENTIAL. WE FOCUS OUR RESOURCES AND ENERGY ON DEVELOPING OUR CORE CAPABILITIES TO DEVELOP OUR STRATEGIC INTENTS:--CREATE DIFFERENTIATED PROGRAMS THAT INTEGRATE ACADEMICS WITH SOCIAL AND EMOTIONAL LEARNING--COMPREHENSIVELY IDENTIFY INDIVIDUAL EDUCATION NEEDS AND LEARNING STYLES--UTILIZE COLLABORATIVE TEAMING AMONG STAFF, SPECIALISTS, AND FAMILIES TO INTEGRATE AND COORDINATE PERSONALIZED EDUCATION--STRUCTURE LEARNING ENVIRONMENTS WITH SMALL STUDENT-TO-TEACHER RATIOS--ASSESS STUDENT PROGRESS ACROSS ALL LEARNING AREAS 0 0 19318996 341768 SPERO ACADEMY COMPLETED YEAR 21 OF OPERATION ON JUNE 30, 2025. DURING THE YEAR ENDED JUNE 30, 2025, SPERO ACADEMY SERVED A TOTAL OF 270 STUDENTS AND OVER 93% OF THE STUDENT POPULATION ARE STUDENTS WITH DISABILITIES. THE SCHOOL'S WAIT-LIST HAS GROWN, AND WILL SUPPORT THE PLAN TO REACH MAXIMUM CAPACITY OF 225 STUDENTS BY YEAR FIVE IN THE NEW FACILITY, AND 385 OVERALL ACROSS BOTH SITES. ALL BUDGETARY GOALS ASSOCIATED WITH THE OPERATIONS OF THE NEW FACILITY AND GROWING ENROLLMENT ARE BEING MET. THE SCHOOL CONTINUES TO RECEIVE HIGH MARKS IN ALL EVALUATIONS FROM THE UNIVERSITY OF ST. THOMAS, OUR AUTHORIZER. 19318996 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 1 20 0 1 260 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X CAROLYN FRITZ CHAIR 1.00 0.00 X X 0 0 0 DONNA PIAZZA VICE-CHAIR 1.00 0.00 X X 0 0 0 KAREN MARSHALL TREASURER 1.00 0.00 X X 0 0 0 JIM LAWRENCE MEMBER 1.00 0.00 X 0 0 0 TROY HITE MEMBER 1.00 0.00 X 0 0 0 JACQUELINE DONOFRIO MEMBER/TEACHER 41.00 0.00 X 100265 0 11432 ROBERT SCHAUST MEMBER 1.00 0.00 X 0 0 0 JULIANA BIEDERMAN MEMBER 1.00 0.00 X 0 0 0 DIANE PANGAL EXECUTIVE DIRECTOR 40.00 0.00 X 125113 0 19696 GILBERT HALE PRINCIPAL 40.00 0.00 X 110373 0 28438 SUSAN SCHELLER ACADEMIC DIRECTOR 40.00 0.00 X 127988 0 20003 KELLY TIEDEMANN SPECIAL ED DIRECTOR 40.00 0.00 X 135452 0 19147 DEVIN TAYLOR ACCOUNTABILITY DIRECTOR 40.00 0.00 X 109210 0 16661 WILLIAM TOLAND TEACHER 40.00 0.00 X 102365 0 17071 810766 0 132448 8 0 1 0 CONTEMPORARY TRANSPORTATION 2300 NEVADA AVE NO 300 GOLDEN VALLEY MN 55427 STUDENT TRANSPORTATION 2452222 ZEN EDUCATE INC PO BOX 18429 PALATINE IL 600558429 STUDENT SUPPORT SERVICES 344430 MOVING MATTERS 1320 RIVERSIDE LN APT 106 WEST ST PAUL MN 55118 STUDENT SUPPORT SERVICES 238109 CKC GOOD FOOD PO BOX 431419 MINNEAPOLIS MN 55443 FOOD SERVICE 142464 CREATIVE PLANNING 5454 W 110TH ST OVERLAND PARK KS 66211 ACCOUNTING 106800 5 19363302 6300 19369602 MEDICAL ASSISTANCE 611600 255300 255300 255300 2 2 2109 11281 -9172 -9172 -9172 1008 1314 -306 -306 MISC REVENUE 611600 86468 86468 86468 19701894 341768 0 -9476 X 258509 114635 143874 9361410 9210818 150592 730597 720187 10410 1100385 1087716 12669 776396 750251 26145 30741 30741 99428 99428 3036191 2996584 39607 189642 172329 17313 200309 156776 43533 3839675 3839675 44466 44436 30 7048 7048 73942 69345 4597 EQUIP RENTAL & MAINT 98718 98718 INSTRUCTIONAL SUPPLIES 45944 45944 DUES & MEMBERSHIPS 39912 3667 36245 FIELD TRIPS 867 867 386 386 19934566 19318996 615570 0 X 713591 452629 2317851 2375314 18933 36959 653378 343039 359651 310339 1443926 1856020 4853952 5031261 765214 697832 300000 315000 8269502 8308871 9334716 9321703 X 0 0 0 0 -4480764 -4290442 -4480764 -4290442 4853952 5031261 X -232672 422994 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 653378 343039 310339 310339 DEFERRED PENSION RESOURCES 1804400 DUE FROM FRIENDS OF SPERO ACADEMY 38406 DUE FROM FRIENDS OF SPERO ACADEMY II 13214 1856020 NET PENSION LIABILITY 5745998 DEFERRED INFLOWS - PENSION 2186948 COMPENSATED ABSENCES 360967 LEASE LIABILITY 14958 8308871 X PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE SCHOOL ALSO QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER APPLICABLE STATUTES OF THE STATE OF MINNESOTA. MANAGEMENT BELIEVES THAT IT IS NOT REASONABLY POSSIBLE FOR ANY TAX POSITION BENEFITS TO INCREASE OR DECREASE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. AS OF JUNE 30, 2025, THERE WERE NO INCOME TAX RELATED ACCRUED INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENT OF FINANCIAL POSITION OR THE STATEMENT OF ACTIVITIES. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND IN THE MINNESOTA STATE JURISDICTION. U.S. FEDERAL RETURNS AND MINNESOTA RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE CLOSED. NO RETURNS ARE CURRENTLY UNDER EXAMINATION IN ANY TAX JURISDICTION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICIES ARE POSTED ON THE SCHOOL WEBSITE OR AVAILABLE AT THE SITE AS REQUESTED. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, SPERO ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X 0 0 0 0 0 0 0 0 0 KELLY TIEDEMANN SPECIAL ED DIRECTOR 135452 0 0 0 0 0 11641 0 7506 0 154599 0 0 0 CHRISTOPHER DONOFRIO HUSBAND OF BOARD MEMBER JACQUELINE DONOFRIO 91148 COMPENSATION AS EMPLOYEE OF SPERO ACADEMY 0 FORM 990, PART VI, SECTION A, LINE 7A AS PER MN STATUTE 124E.07, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOLS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE SPERO ACADEMY FINANCE COMMITTEE REVIEWS THE FORM 990, WHILE IN PREPARATION, AND THEN PRESENTS THE PUBLIC DISCLOSURE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS RECEIVE AN ORIENTATION AND REVIEW OF THE CONFLICT OF INTEREST POLICY AT THE ANNUAL MEETING OF THE BOARD. FOLLOWING THE INFORMATION REVIEW, EACH MEMBER COMPLETES AND SIGNS A CONFLICT OF INTEREST DISCLOSURE THAT IS CURRENT FOR THE YEAR. THE GOVERNANCE COMMITTEE REMINDS BOARD MEMBERS OF THEIR DISCLOSURE RESPONSIBILITIES AT SEVERAL TIMES THROUGHOUT THE SCHOOL YEAR AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE SPERO ACADEMY GOVERNANCE COMMITTEE REVIEWS THE ANNUAL COMPENSATION PLANS SUBMITTED FROM THE SCHOOL DIRECTORS. THE CHAIR OF THE GOVERNANCE COMMITTEE SOLICITS PERFORMANCE REVIEW DATA FROM OFFICERS OF THE BOARD AND SUMMARIZES THE RESPONSES FOR A MEETING AND DISCUSSION WITH THE DIRECTOR. COMPENSATION IS RECOMMENDED TO THE FULL BOARD OF DIRECTORS, AS OUTLINED BY THE APPROVED ANNUAL COMPENSATION PLAN, BY THE CHAIR OF THE BOARD AND BASED ON THE RESULTS OF THE COMPENSATION AND PERFORMANCE REVIEWS. THE FULL BOARD TAKES ACTION ON THE CONTRACT PRIOR TO EXECUTION. FORM 990, PART VI, SECTION C, LINE 19 THE POLICIES AND FINANCIAL STATEMENTS OF SPERO ACADEMY ARE POSTED ON ITS WEBSITE. THE POLICIES AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN THE SCHOOL OFFICE FOR REVIEW OF HARD COPY. FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. JACQUELINE DONOFRIO IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR SERVICES AS A TEACHER. FORM 990, PART IX, LINE 11G MISC CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 524,930. MANAGEMENT AND GENERAL EXPENSES 39,607. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 564,537. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 2,328,537. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,328,537. FOOD SERVICE: PROGRAM SERVICE EXPENSES 143,117. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,117. FORM 990, PART X, LINE 25: PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES. FORM 990, PART XI, LINE 9: GASB 68 - PENSION ADJUSTMENT 422,994. FRIENDS OF SPERO ACADEMY 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 815382949 LEASE BUILDING TO SCHOOL MN 501(C)(3) LINE 12A, I SPERO ACADEMY 1 FRIENDS OF SPERO ACADEMY II 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 851076979 LEASE BUILDING TO SCHOOL MN 501(C)(3) LINE 12A, I SPERO ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 FRIENDS OF SPERO ACADEMY K 1563888 LEASE AGREEMENT FRIENDS OF SPERO ACADEMY II K 1828258 LEASE AGREEMENT FRIENDS OF SPERO ACADEMY D 38406 CASH BALANCE FRIENDS OF SPERO ACADEMY II D 13214 CASH BALANCE