2026-05-07T17:41:32-05:00 2025-06-30 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2024-07-01 300417217 GLOBAL ACADEMY GLOB 7634048200 3000 5TH STREET NW NEW BRIGHTON MN 55112 MELISSA STORBAKKEN EXECUTIVE DIRECTOR 7634048200 2026-05-06 1 1 BRIAN ARONSON CPA P01425251 3192346885 2026-05-06 2024 2025-03-06 01:10:19Z MELISSA STORBAKKEN 3000 5TH STREET NW NEW BRIGHTON MN 55112 8942727 0 X WWW.GLOBALACADEMY.US X 2006 MN TO PREPARE STUDENTS FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS. 8 3 68 3 0 0 9406052 8913044 29971 26319 -156 93 26 2190 9435893 8941646 0 0 0 0 5230030 5622776 0 0 0 3719152 3369931 8949182 8992707 486711 -51061 4501357 4001053 5376216 4724100 -874859 -723047 X GLOBAL ACADEMY IS A FREE, CHARTERED PUBLIC ELEMENTARY AND MIDDLE SCHOOL THAT SEEKS TO SERVE A DIVERSE GROUP OF STUDENTS. GLOBAL ACADEMY IS COMMITTED TO SERVICE IN THE BROADER WORLD BASED ON THE GOALS OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. EMPOWERED BY ACADEMIC RIGOR, GRADUATES OF GLOBAL ACADEMY WILL BE FULLY PREPARED FOR SUCCESS AND LEADERSHIP IN CHALLENGING HIGH SCHOOL PROGRAMS. 0 0 8230729 29028 GLOBAL ACADEMY IS A NONPROFIT CORPORATION THAT WAS FORMED AND BEGAN OPERATING IN OCTOBER 2007, IN ACCORDANCE WITH MINNESOTA STATUTES. THE SCHOOL IS AUTHORIZED BY THE UNIVERSITY OF ST. THOMAS. DURING FISCAL YEAR 2024-2025, THE SCHOOL HAD APPROXIMATELY 457 STUDENTS ENROLLED. 8230729 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 2 0 1 68 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 3 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X X CREATIVE PLANNING 8662732848 3800 AMERICAN BLVD W 1000 BLOOMINGTON MN 55431 X KIM FIELDS BOARD CHAIR/TEACHER 41.00 X X 82161 0 20314 MEGAN HENDRICKS SECRETARY/TEACHER 41.00 X X 68810 0 32869 SUSAN ELTAWELY TREASURER/TEACHER 41.00 X X 82646 0 32028 STEPHANIE LENNARTSON BOARD MEMBER/TEACHER 41.00 X 57924 0 19703 ANDREA RAAD BOARD MEMBER 1.00 X 0 0 0 CHELSEA PELZER BOARD MEMBER/TEACHER 41.00 X 65431 0 15344 MAHDI KHORISANI BOARD MEMBER 1.00 X 0 0 0 ZAKKIYYA ABDULWAHID SELBY BOARD MEMBER 1.00 X 0 0 0 MELISSA STORBAKKEN EXECUTIVE DIRECTOR 40.00 X 157225 0 26289 KARI WAGNER GRADES 5-8 ASSISTANT DIRECTOR 40.00 X 110651 0 22440 REBECCA LEE BAUER DIRECTOR 40.00 X 126729 0 36564 CHARISE POWELL GRADES K-4 ASSISTANT DIRECTOR 40.00 X 109353 0 35348 860930 0 240899 4 0 1 0 SAFAARI TRANSPORTATION PO BOX 6784 MINNEAPOLIS MN 55406 STUDENT TRANPORTATION 733540 DONE RIGHT FOOD 4305 CENTRAL AVE NE COLUMBIA HEIGHTS MN 55421 FOOD SERVICES 379385 CREATIVE PLANNING 5450 W 110TH STREET OVERLAND PARK KS 66211 FINANCIAL SERVICES 101708 3 8767511 145533 8913044 MEDICAL ASSISTANCE 611600 25353 25353 FEES FROM PATRONS 611600 966 966 26319 93 0 93 93 93 562 1081 -519 -519 MISCELLANEOUS REVENUE 611600 2709 2709 2709 8941646 29028 0 -426 X 630322 446884 183438 3658020 3477380 180640 400335 385501 14834 628622 587168 41454 305477 280833 24644 1850 1850 108208 108208 1527114 1507926 19188 144942 114125 30817 223099 126677 96422 914965 914965 31109 26759 4350 5552 5552 128368 120973 7395 INSTRUCTIONAL SUPPLIES 140410 140410 RENTALS & MAINTENANCE 80956 80956 DUES & MEMBERSHIPS 48996 258 48738 FIELD TRIPS 14362 14362 8992707 8230729 761978 0 X 1201219 1299610 1179750 1061761 15462 45761 1021746 192315 809790 829431 1295136 764490 4501357 4001053 559284 382761 64656 4816932 4276683 5376216 4724100 X 0 0 0 0 -874859 -723047 -874859 -723047 4501357 4001053 X -51061 202873 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 758976 121185 637791 205816 71130 134686 56954 56954 829431 DEFERRED OUTFLOWS OF PENSION RESOURCES 675887 DUE FROM GLOBAL ACADEMY ABC 27254 RIGHT OF USE ASSET 61349 764490 NET PENSION LIABILITY 3227169 DEFERRED INFLOWS OF PENSION RESOURCES 965334 LEASE PAYABLE 84180 4276683 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 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 THE SCHOOL'S NONDISCRIMINATORY POLICIES ARE AVAILABLE ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X X 0 0 0 0 0 0 0 0 0 MELISSA STORBAKKEN EXECUTIVE DIRECTOR 157225 0 0 0 0 0 13948 0 12341 0 183514 0 0 0 REBECCA LEE BAUER DIRECTOR 126729 0 0 0 0 0 11752 0 24812 0 163293 0 0 0 MICHAEL STORBAKKEN SPOUSE OF EXECUTIVE DIRECTOR MELISSA STORBAKKEN 90662 ANNUAL COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO VOTING CLASSES OF MEMBERSHIP DESIGNATED AS "ENROLLEE MEMBERS AND "EMPLOYEE MEMBERS". ENROLLMENT OF A CHILD IN THE ORGANIZATION SHALL QUALIFY THE PARENT(S) OR LEGAL GUARDIAN(S) OF SUCH CHILD FOR MEMBERSHIP DURING THE CHILD'S ENROLLMENT. PAID EMPLOYEE BY THE ORGANIZATION SHALL QUALIFY THE EMPLOYEE FOR MEMBERSHIP DURING THE TERM OF THEIR EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE FOR THE BOARD MEMBERS AT THE ANNUAL MEETING IN PERSON OR BY PROXY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE SENIOR ADVISOR PRIOR TO FILING WITH THE IRS. THE BOARD OF DIRECTORS RECEIVES A COPY OF FORM 990, BUT DOES NOT COMPLETE A FORMAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL, OFFICER, AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS IS REQUIRED TO COMPLETE AN ANNUAL STATEMENT THAT CONFIRMS THAT THE INDIVIDUAL HAS RECEIVED, UNDERSTOOD, AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THIS INCLUDES A DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS ON THE PROPOSED TRANSACTIONS. AFTER DISCLOSURE AND ADMISSION OF ANY MATERIAL FACTS, THE CONFLICTED INDIVIDUAL IS REQUIRED TO LEAVE THE MEETING WHILE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON BY THE BOARD OR COMMITTEE INVOLVED. THE BOARD OR COMMITTEE CHAIR WILL CONDUCT DUE DILIGENCE TO DETERMINE IF A SIMILAR TRANSACTION CAN BE ARRANGED THAT WOULD NOT LEAD TO A CONFLICT OF INTEREST. THE PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD USED COMPARATIVE DATA TO DETERMINE THE SCHOOL DIRECTOR'S COMPENSATION AND DOCUMENTED THE DELIBERATION AND DECISION IN THE BOARD MEETING MINUTES. THE PROCESS IS PERFORMED EVERY YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ALL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A: PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. SUSAN ELTAWELY, MEGAN HENDRICKS, KIM FIELDS, STEPHANIE LENNARTSON, AND CHELSEA PELZER ARE BOARD MEMBERS, BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS. FORM 990, PART IX, LINE 11G MISCELLANEOUS CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 364,480. MANAGEMENT AND GENERAL EXPENSES 19,188. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 383,668. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 733,540. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 733,540. FOOD SERVICE: PROGRAM SERVICE EXPENSES 409,906. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 409,906. 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 202,873. GLOBAL ACADEMY ABC 3000 5TH ST NW NEW BRIGHTON MN 55112 821729488 HOLD AND LEASE SCHOOL FACILITY MN 501(C)(3) LINE 12A, I GLOBAL ACADEMY 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 GLOBAL ACADEMY ABC K 786066 LEASE AGREEMENT