2024-04-18T09:09:37-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 832334904 GREAT OAKS ACADEMY GREA 6516150499 6300 212TH ST W FARMINGTON MN 55024 PAUL MCGLYNN EXECUTIVE DIRECTOR 6516150499 2024-04-17 1 PAUL MCGLYNN 999009999 0 BRIAN ARONSON CPA P01425251 5157275700 2024-03-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL MCGLYNN 6300 212TH ST W FARMINGTON MN 55024 3692990 0 X HTTPS://GREATOAKSACADEMYMN.COM X 2018 MN OPERATION OF CHARTER SCHOOL IN FARMINGTON, MINNESOTA. 7 5 51 5 0 0 2405639 3675698 7092 10914 0 0 412 6378 2413143 3692990 0 0 0 0 1001841 1818021 0 0 0 904582 1747331 1906423 3565352 506720 127638 1220107 6247336 937675 6087152 282432 160184 CULTIVATING THE MINDS AND HEARTS OF OUR STUDENTS THROUGH A CLASSICAL, LIBERAL ARTS EDUCATION, WITH INSTRUCTION THAT IS RIGOROUS, LITERATURE-RICH, WONDROUS, AND VIRTUOUS IN A DISCIPLINED AND ENGAGING ENVIRONMENT. 0 0 2975165 17292 GREAT OAKS ACADEMY IS A CLASSICAL EDUCATION CHARTER SCHOOL SERVING STUDENTS K-4. WE SERVED 320 STUDENTS IN THIS FISCAL YEAR. 2975165 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 19 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 1 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X ERIK QUEEN BOARD CHAIR 1.00 X X 0 0 0 BREANNA O'NEIL MEMBER/TEACHER 41.00 X 29919 0 2437 DR ERIC RICE MEMBER 1.00 X 0 0 0 DALLAS MOELLER MEMBER/PARA TEACHER 1.00 X 735 0 0 ZAC HOLM MEMBER 1.00 X 0 0 0 NATALIE KASPER MEMBER 1.00 X 0 0 0 CINTA SCHMITZ MEMBER 1.00 X 0 0 0 PAUL MCGLYNN EXECUTIVE DIRECTOR 41.00 X 83550 0 19541 114204 0 21978 0 0 0 0 WELLINGTON MANAGEMENT INC 1625 ENERGY PARK DRIVE SUITE 100 ST PAUL MN 55108 MANAGEMENT SERVICES 357251 MARSCHALL LINE INC 5119 WEST 212TH ST FARMINGTON MN 55024 TRANSPORTATION 158256 2 3561063 114635 3675698 FEES FROM PATRONS 611600 8053 8053 FOOD SALES TO PUPILS 611600 2861 2861 10914 MISCELLANEOUS REVENUE 900099 6378 6378 6378 3692990 17292 0 0 X 158403 42236 116167 1372438 1184483 187955 112766 97829 14937 61574 44945 16629 112840 91325 21515 9556 9556 67462 67462 426574 385549 41025 96280 77214 19066 64908 17292 47616 56873 46394 10479 5009 5009 267722 267722 508214 507131 1083 10361 10361 EQUIP PURCHASES 66410 60435 5975 INSTRUCTIONAL SUPPLIES 54955 54955 FOOD SERVICE 45509 42344 3165 EQUIP RENTAL AND MAINT 33006 33006 34492 6935 27557 3565352 2975165 590187 0 X 431487 692527 287583 375255 9293 6642 404186 34519 248656 369667 243088 4803245 1220107 6247336 161967 207646 8143 215923 174337 551642 5705169 937675 6087152 X 249699 308338 32733 -148154 0 0 282432 160184 1220107 6247336 X 127638 -249886 X 0 1 X 1 0 X 295934 15587 280347 108252 18932 89320 369667 DEFERRED OUTFLOWS RELATED TO PENSIONS 401236 DEPOSITS 10000 RIGHT OF USE ASSETS 4392009 4803245 NET PENSION LIABILITY 966106 DEFERRED INFLOWS RELATED TO PENSIONS 3570 RIGHT OF USE LIABILITIES 4735493 5705169 X 3701435 8445 8445 3692990 0 3692990 3823683 258331 258331 3565352 0 3565352 PART X, LINE 2: THE CHARTER SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND SMILIAR STATE INCOME TAX LAWS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE CHARTER SCHOOL QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GASB 68 ADJUSTMENT 8,445. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION EXPENSE 258,331. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. FORM 990, PART VI, SECTION A, LINE 7A ANY STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS/GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE WILL CONDUCT A DETAILED REVIEW OF THE 990. THE FULL BOARD WILL RECEIVE A PUBLIC DISCLOSURE COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS OFFICERS AND BOARD MEMBERS AND REQUIRES EACH COVERED INDIVIDUAL TO NOTIFY THE BOARD OF DIRECTORS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST UPON ACKNOWLEDGMENT THAT A CONFLICT MAY EXIST. THE CONFLICTED INDIVIDUAL IS EXPECTED TO REPORT ALL MATERIAL FACTS TO THE BOARD, WHO SHALL DETERMINE WHETHER A CONFLICT EXISTS WITHOUT THE CONFLICTED INDIVIDUAL. AT THE START OF EVERY BOARD MEETING, DIRECTORS ARE ASKED IF THEY HAVE A CONFLICT WITH ANY OF THE ITEMS ON THE AGENDA. THE CONFLICTED INDIVIDUAL MAY NOT VOTE OR PARTICIPATE IN THE DETERMINATION PROCESS. ALL CONFLICTS AND PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 FOR TEACHING STAFF, THE PAY-SCALE THAT WAS IN PLACE FOR THE FIRST OPERATIONAL YEAR (2019-2020) WAS DETERMINED ON THE BASIS OF YEARS TEACHING, AS WELL AS EXPERIENCE TEACHING AND KNOWLEDGE OF THE CORE KNOWLEDGE SEQUENCE, RESPONSIVE CLASSROOM, AND DIFFERENTIATION OF INSTRUCTION. IN SUBSEQUENT YEARS, MODIFICATIONS TO THE INITIAL PAY-SCALE ARE BASED ON COMPARATIVE SCHOOL INFORMATION AND COST OF LIVING INCREASES. THE BOARD OF DIRECTORS USED COMPARABILITY DATA TO SELECT A STARTING COMPENSATION RANGE FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. BREANNA O'NEIL AND DALLAS MOELLER ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS. FORM 990, PART IX, LINE 11G MISC CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 385,549. MANAGEMENT AND GENERAL EXPENSES 41,025. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 426,574. 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 PENSIONS EXPENSE -249,886.