2026-05-08T10:18:36-05:00 2025-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2024-07-01 411946091 Nerstrand Elementary School NERS 5073336850 PO Box 156 205 S Second Street Nerstrand MN 55053 Nicole Musolf Executive Director 5073336850 2026-05-07 1 1 Cynthia Barta CPA P01222004 9528359090 2026-05-07 2024 2025-03-06 01:10:19Z Nicole Musolf PO Box 156 205 S Second Street Nerstrand MN 55053 1865256 0 X www.nerstrand.charter.k12.mn.us X 1999 MN Public school serving students in grades K-5. 7 3 0 0 0 0 1475394 1798123 18689 41092 29783 24865 308305 -13324 1832171 1850756 0 0 0 0 51000 0 0 0 0 1489286 1592321 1540286 1592321 291885 258435 910642 1150025 802439 783387 108203 366638 To empower students to be self-directed, lifelong learners by providing a nurturing, multi-age environment which fosters cooperation and character development. 0 0 1372430 42268 Served K-5 students by providing an outstanding education including some environmental learning. 1372430 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X The Organization 5073336850 PO Box 156 205 S Second Street Nerstrand MN 55053 Carissa Erickson Parent Rep/Chair 1.00 X X 0 0 0 Tara Vondrasek Teacher Rep / Clerk 40.00 X X 55618 0 0 Sarah Johnson Teacher Rep 40.00 X X 41937 0 0 Carmen Bonde Teacher Rep 40.00 X 16277 0 0 Ali Bossmann Parent Rep 1.00 X 0 0 0 Terri Neumann Community Rep 1.00 X 0 0 0 Paula Shroyer Teacher Rep 40.00 X 61794 0 0 Traci LaFerriere Business Manager 40.00 X 52000 0 0 Nicole Musolf Executive Director 40.00 X 79820 0 0 307446 0 0 0 0 0 0 Edvisions Cooperative PO BOX 183 111 South Meridian Stre Belle Plaine MN 56011 Educational professionals 974659 1 23815 1720668 53640 1798123 Fees from Patrons 611710 14899 14899 Facility Maintenance R 611110 13683 13683 Med Assist 611710 12510 12510 41092 24865 24865 0 23815 14500 -14500 -14500 Misc Local Revenue 900099 1176 1176 1176 1850756 42268 0 10365 X 3103 3103 68700 68700 1203534 1080964 122570 200 200 21745 1424 20321 18649 13652 4997 212906 212906 6698 6698 4954 4954 13593 13593 Program Materials and S 38239 38239 1592321 1372430 219891 0 619444 832856 89585 107019 342 10033 20956 121226 121226 0 0 174146 206286 910642 1150025 189789 129467 20772 2 220 612648 632928 802439 783387 X 0 0 0 0 108203 366638 108203 366638 910642 1150025 258435 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121226 121226 0 0 Deferred Pension Outflows 206286 206286 Deferred Pension Inflows 105519 Pension Liabilities 527409 632928 1850756 0 1850756 0 1850756 1592321 0 1592321 0 1592321 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 nondiscriminatory policy is contained in the school's registration materials. Schedule E, Part I, Line 6 The school receives federal and state funding. Kwik Trip Cards Fundraiser 16541 16541 12299 Color Run Fundraiser 7274 7274 2201 23815 23815 14500 14500 -14500 Form 990, Part V, line 2a: EmployerofRecord arrangement: During the year, Nerstrand Elementary School engaged EdVisions Cooperative as employer of record for certain personnel. The EOR handled payroll, issued Forms W2, withheld and remitted employment taxes, and administered statutory benefits; the organization retained daytoday supervision of work and programmatic control. The written agreement allocates employer responsibilities to the EOR and is on file. Form 990, Part VI, Section A, line 6 In accordance with MN Statute 124E.07 sub. 5, staff members employed at the school, including teachers providing instruction under a contract with a cooperative, 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 school's board of directors. Form 990, Part VI, Section A, line 7a If a vacancy occurs, every attempt will be made to select a replacement within one month's time according to the board's by-laws. Form 990, Part VI, Section A, line 8b The School does not have any committees that have the authority to act on behalf of governing body. Form 990, Part VI, Section B, line 11b Form 990 was prepared by an independent accounting firm. The completed return was presented and reviewed at the first regular board meeting by the full governing body following receipt from the accounting firm. The final approved copy was subsequently filed with the IRS. Form 990, Part VI, Section B, line 12c All officers, directors, and key employees are required to complete an annual conflict of interest questionnaire. Conflicts are reviewed at the board or committee level. Individuals are not allowed to vote on transactions where a conflict is determined to exist. All conflicts and proceedings are documented in meeting minutes. Form 990, Part VI, Section B, line 15a The School Director's compensation is determined by annual review by Board evaluation and resulting increase of average annual teacher step increase. The School followed the Board approved rate schedule plus any schoolwide % increase. Form 990, Part VI, Section C, line 19 The School makes its governing documents, conflict of interest policy, and financial statement available to the public upon request. Form 990, Part IX, line 11g Management Consulting Fees: Program service expenses 0. Management and general expenses 122,570. Fundraising expenses 0. Total expenses 122,570. Education Services: Program service expenses 1,080,964. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,080,964. Form 990, Part XII, Line 1: The School follows a modified accrual method of accounting as prescribed by the Minnesota Department of Education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.