2024-05-14T15:25:31-05:00 2023-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2022-07-01 743234914 DaVinci Academy of Arts & Science DAVI 7637546577 532 Bunker Lake Blvd NE Ham Lake MN 55304 Jack Shields Executive Director 7637546577 2024-05-09 1 Jack Shields XXX-XX-XXXX 0 Victoria L Holinka P00735616 9525450424 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jack Shields 532 Bunker Lake Blvd NE Ham Lake MN 55304 12856919 0 X davincicharterschool.org X 2007 MN To awaken a passion for learning through an enriched and individualized approach to education. Students, parents and teachers will work together to ensure positive character development and build a strong foundation for higher education. 9 7 194 0 0 0 2520245 1476652 11149483 11229705 3845 115515 4434 0 13678007 12821872 41600 0 11389 6400 7985740 8262116 0 0 0 4794180 5166775 12832909 13435291 845098 -613419 9433894 9244373 9498438 9922336 -64544 -677963 Provide an education, incorporating a focus of arts and science, to students in grades K-8. 0 0 12076101 11229705 DaVinci Academy of Arts and Science will awaken a passion for learning through an enriched and individualized approach to education. Students, parents and teachers will work together to ensure positive character development and build a strong foundation for higher education for students in K-8. During fiscal year ended June 30, 2023, DaVinci Academy service approximately 950 students. 12076101 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 1 1 0 0 0 1 0 0 194 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X Jack Shields 7637546577 532 Bunker Lake Blvd NE Ham Lake MN 55304 Brenda Maulik Member 40.00 X 64810 0 0 Sara Sweeney Member 40.00 X 53606 0 0 Sana Soussi Member 10.00 X 0 0 0 Saurabh Bokil Member 10.00 X 0 0 0 Jacob Stith Member 10.00 X 0 0 0 Durowaa Agyeman-Mensah Secretary 10.00 X X 0 0 0 Emily Uhl Treasurer 10.00 X X 0 0 0 Idara Uko Vice President 10.00 X X 0 0 0 Melanie Persellin President 10.00 X X 0 0 0 118416 0 0 0 0 0 0 Kottke's Bus Service 13625 Jay Street NW Andover MN 55304 Bus Service 591093 Sora Pediatric Therapy 1891 Station Parkway Andover MN 55304 Special Education Service 262074 Trio Community Meals POB 742992 Atlanta GA 30374 Food Service Meals 222212 Bri's Cleaning Services 5948 Washburn Ave N Brooklyn Center MN 55430 Cleaning Service 107516 Zen Educate POB 18429 Palatine IL 60055 Substitute Teachers and Paras 104689 5 76619 1340280 59753 1476652 Federal and State Sources 611710 10577138 10577138 Other Educational Purposes 611710 652567 652567 11229705 115515 115515 35047 76619 35047 0 12821872 11229705 0 115515 X 6400 6400 110547 110547 6300211 5554719 745492 495972 442529 53443 889253 775207 114046 466133 409064 57069 1488446 1311885 176561 525792 455287 70505 55496 54587 909 881136 880575 561 24461 24095 366 1208914 1194979 13935 57579 12781 44798 94842 94842 42903 42903 Transportation 543118 543118 Pension Expense per Act 90956 52354 38602 Food 90074 90074 Field Trips 63058 63058 13435291 12076101 1359190 0 3343590 3565554 1011443 989215 84053 90539 1439770 475861 916507 963909 4078301 3635156 9433894 9244373 813759 918703 16522 650961 3720263 84051 4947894 8268621 9498438 9922336 X -1486046 -2255597 908164 879858 513338 697776 -64544 -677963 9433894 9244373 -613419 0 X X 0 1 X 1 0 X 617704 123208 494496 691594 306870 384724 130472 45783 84689 963909 Pension plan deferments - PERA and TRA 3635156 3635156 Deferred Inflows of Resources 824718 Net Pension Liability 7443903 8268621 X Part X, Line 2: The Academy is exempt from income taxes under IRC 501(c)(3). It is subject to a tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the IRS and state jurisdiction where they operate, and believe that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on their respective financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Nondiscrimination policy is included in registration materials. Schedule E, Part I, Line 6 As a Minnesota public charter school, the Academy receives state education aid and Federal grant funding. BoosterThon 66729 38686 28043 28043 Dollars4DaVinci 20580 20280 300 300 2 24357 17653 6704 200 1760 4744 111666 76619 35047 200 1760 33087 35047 0 Form 990, Part VI, Section A, line 7a Each parent of a child at the school and each employee of the school has a vote for election of board members. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to management and the board treasurer for review before it is signed and filed. All members are not provided a complete Form 990. Form 990, Part VI, Section B, line 12c Board members sign a conflict of interest policy statement annually. The board also reviews the conflict of interest policy annually and makes changes as necessary. Form 990, Part VI, Section B, line 15 Each year, the DaVinci Academy board sets the compensation plan for the Executive Director (ED). Most years the board will collect information on salary ranges and compensation packages for directors of similar schools. The board also requests a self-assessment from the ED. Then the president of the board or the chair of the HR/Compensation committee will distribute a copy of the ED's job description, her self-assessment, and a performance evaluation survey to each board member. The survey collects information on the ED's performance in seven areas: 1. instruction and assessment 2. HR and personnel management 3. financial management 4. legal and compliance management 5. effective communication 6. board, authorizer, and community relationships 7. facility management. The ED's performance in each area is ranked on a scale of 1 (unsatisfactory) to 5 (outstanding), and comments of specific strengths and areas for improvement are also collected. Each individual board member's inputs are kept confidential. The president or HR chair collects the input, collates it into a single de-identified document, and then distributes that document to the board for review. The HR committee then develops a proposal for any changes to the ED's compensation package. That proposal is discussed at the board, revised as needed, and the ED's final compensation plan is then voted on for approval. Form 990, Part VI, Section C, line 19 DaVinci Academy of Arts and Science makes its governing documents, conflict of interest policy and financial statements available to the public on their website and upon request. Form 990, Part IX, line 11g Consulting Fees / Fees For Services: Program service expenses 401,704. Management and general expenses 0. Fundraising expenses 0. Total expenses 401,704. Non reimbursed SPED Costs: Program service expenses 34,944. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,944. Tran-Contract/Pub: Program service expenses 2,134. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,134. Payments To Non-Ed Agency: Program service expenses 530,217. Management and general expenses 0. Fundraising expenses 0. Total expenses 530,217. Contracted Services: Program service expenses 279,441. Management and general expenses 0. Fundraising expenses 0. Total expenses 279,441. Field Trips: Program service expenses 48,651. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,651. Event Admissions: Program service expenses 11,865. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,865. State Special Ed Contract: Program service expenses 656. Management and general expenses 0. Fundraising expenses 0. Total expenses 656. School Nurse: Program service expenses 2,273. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,273. Consulting Fees / Fees For Services: Program service expenses 0. Management and general expenses 156,561. Fundraising expenses 0. Total expenses 156,561. General Supplies: Program service expenses 0. Management and general expenses 8,461. Fundraising expenses 0. Total expenses 8,461. Board Per Diem: Program service expenses 0. Management and general expenses 11,539. Fundraising expenses 0. Total expenses 11,539. FORM 990, PART XII, LINE 2C: The School Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor annually. The process has not changed from the prior year. FORM 990, PART VI, SECTION A, LINE 1B: Several members of the board are teachers at the School. Minnesota State Statute 124D.10 Subd. 4(g) requires the board to have at least one employed or contracted teacher. RELATED ORGANIZATION COMPENSATION Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted. AUTHORIZER The School is required to have an Authorizer to monitor its operations in order to maintain its charter. The School's approved Authorizer during the fiscal year 2023 was Friends of Education. DaVinci Academy ABC 532 Bunker Lake Blvd Ham Lake MN 55304 474954005 Rental Facilities MN 501(c)(3) Line 12a, I DaVinci Academy of Arts and Science 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 DaVinci Academy ABC K 1764753 Lease Agreement