2024-05-10T10:49:22-05:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 471245811 SUCCESS ACADEMY SUCC 6128763050 8201 PARK AVENUE BLOOMINGTON MN 55420 AHMED HUDLE DIRECTOR OF OPERATIONS 6128763050 2024-05-03 1 AHMED HUDLE 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-05-03 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z AHMED HUDLE 8201 PARK AVENUE BLOOMINGTON MN 55420 5553190 0 X WWW.SUCCESSACADEMYMN.ORG X 2015 MN THE MISSION OF SUCCESS ACADEMY IS TO PREPARE STUDENTS TO BECOME EXCELLENT QUESTIONERS, SCIENTIFIC THINKERS, AND RESPONSIBLE CITIZENS. 5 4 81 6 0 0 4713292 5531116 0 0 0 0 90531 22074 4803823 5553190 0 0 0 0 1863307 2402518 0 0 0 3134469 3217652 4997776 5620170 -193953 -66980 3286502 6394830 2439688 5867100 846814 527730 THE MISSION OF SUCCESS ACADEMY IS TO PREPARE STUDENTS TO BECOME EXCELLENT QUESTIONERS, SCIENTIFIC THINKERS, AND RESPONSIBLE CITIZENS. 0 0 4184766 0 22074 DURING THE PREVIOUS YEAR, SUCCESS ACADEMY SERVED OVER 340 ADM - ITS LARGEST STATE ENROLLMENT TO DATE - AT TWO STIES IN BLOOMINGTON AND ST. CLOUD, MN. TEST RESULTS AND OTHER DEMOGRAPHIC AND STUDENT INFORMATION IS AVAILABLE ON THE MN DEPARTMENT OF EDUCATION WEBSITE. 509120 0 0 THE FOOD SEVICE PROGRAM SERVED OVER 41,000 MEALS. 4693886 1 1 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 31 0 81 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MN X EDFINMN 6128763050 8201 PARK AVENUE BLOOMINGTON MN 55420 YUSUF ALI CHAIR 3.00 X X 0 0 0 SARA ADEN MEMBER 1.00 X 53088 0 6165 ABDIRAHMAN HASSAN MEMBER 1.00 X 0 0 0 MUHYADIN OMAR MEMBER 1.00 X 0 0 0 MUSTAF SHARIFF MEMBER 1.00 X 0 0 0 AHMED HUDLE DIRECTOR OF OPERATIONS 40.00 X 0 0 0 53088 0 6165 0 0 0 0 STUDENTS PREPARED TO SUCCEED 2303 WYCLIFF STE E200 ST PAUL MN 55114 MANAGEMENT 644020 PRIDE TRANSPORTATION 45 IVY AVE W ST PAUL MN 55117 TRANSPORTATION 231000 SPANIER BUS SERVICE 1310 SUNRIDGE DR ST CLOUD MN 56301 TRANSPORTATION 162528 3 5474807 56309 5531116 22074 22074 22074 5553190 22074 0 0 X 58564 58564 1957549 1891980 65569 156769 152420 4349 78134 68600 9534 151502 142585 8917 644068 644068 14614 14614 28422 28422 782617 767313 15304 19394 10877 8517 348069 339975 8094 17674 17674 492666 492666 29460 29460 SUPPLIES 753715 737184 16531 REPAIRS AND MAINTENANCE 36883 36883 DUES AND MEMBERSHIPS 33233 2539 30694 16837 3730 13107 5620170 4693886 926284 0 1095731 677300 566780 985793 118491 103926 316044 131477 29283 184567 1476217 4443244 3286502 6394830 329665 456822 2110023 5410278 2439688 5867100 X 0 0 0 0 846814 527730 846814 527730 3286502 6394830 X -66980 -252104 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154250 23880 130370 161794 107597 54197 184567 NET COST OF RIGHT OF USE ASSETS 3275327 DEFERRED OUTFLOWS - PENSIONS 1167917 4443244 NET PENSION LIABILITY 1755173 DEFERRED INFLOWS - PENSIONS 133105 LEASE LIABILITY 3522000 5410278 X 5553190 0 5553190 0 5553190 5694330 196196 196196 5498134 122036 122036 5620170 PART X, LINE 2: THE SCHOOL IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE SCHOOL HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAPITAL OUTLAYS 196,196. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 40,912. AMORTIZATION EXPENSE 451,754. PRINCIPAL PAYMENTS ON LEASES -370,630. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BROCHURES ARE DISTRIBUTED TO PARENTS DURING REGISTRATION. SCHEDULE E, PART I, LINE 6 FEDERAL AND STATE AID FOR STUDENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS MANAGEMENT DUTIES TO A THIRD-PARTY NON-PROFIT ORGANIZATION - "STUDENTS PREPARED TO SUCCEED (SPS)". THE ORGANIZATION PROVIDES EXECUTIVE DIRECTOR SERVICES (MAGDY RABEAA) AND OPERATIONS SERVICES (AHMED HUDLE) AS WELL AS RECRUITMENT AND RETENTION SERVICES, FINANCIAL MANAGEMENT AND ACADEMIC SUPPORT AND GRANT FUNDING SUPPORT. THE ENTIRE AMOUNT PAID FOR THE FISCAL YEAR TO SPS WAS $644,068. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW OF THE FORM 990 WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. AT EACH BOARD MEETING THE MEMBERS DECLARE ANY POTENTIAL CONFLICT OF INTEREST. ANNUALLY, A CONFLICT OF INTEREST CHECK IS DONE IN COORDINATION WITH THE AUDIT AND THE ANNUAL LEASE AID APPLICATION. NO BOARD MEMBER, EMPLOYEE, OFFICER, OR AGENT OF SUCCESS ACADEMY SHALL PARTICIPATE IN SELECTING, AWARDING, OR ADMINISTERING A CONTRACT IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 BOARD POLICIES, BOARD MINUTES AND SELECTED FINANCIAL STATEMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE. THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 392,542. MANAGEMENT AND GENERAL EXPENSES 15,304. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 407,846. TRANSPORTATION CONTRACT FEES: PROGRAM SERVICE EXPENSES 374,771. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 374,771. FORM 990, PART XI, LINE 9: CHANGE IN DEFERRED OUTFLOWS OF RESOURCES RELATED TO PENSIONS 482,159. CHANGE IN DEFERRED INFLOWS OF RESOURCES RELATED TO PENSIONS 555,081. CHANGE IN NET PENSION LIABILITY -1,289,344.