2024-05-15T00:17:12-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 200309518 SPERO ACADEMY SPER 6124658600 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 DIANE PANGAL EXECUTIVE DIRECTOR 6124658600 2024-05-13 1 DIANE PANGAL 999009999 0 MICHELLE HEKEL CPA P01440878 5157275700 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DIANE PANGAL 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 16018856 0 X WWW.SPERO.ACADEMY X 2003 MN OPERATION OF MINNESOTA CHARTER SCHOOL. 4 4 219 12 0 0 9845414 15803668 112506 165833 0 2 969 49258 9958889 16018761 0 0 0 0 6063984 8976457 0 0 0 3818078 6831848 9882062 15808305 76827 210456 4601682 4811098 6797364 6760211 -2195682 -1949113 TO PROVIDE STUDENTS WITH A PERSONALIZED AND ADAPTIVE EDUCATION TO GROW ACADEMICALLY, EMOTIONALLY, AND SOCIALLY. 0 0 15178494 214225 SPERO ACADEMY COMPLETED YEAR 19 OF OPERATION ON JUNE 30, 2023.ON JUNE 30, 2023, SPERO ACADEMY SERVED A TOTAL OF 199 STUDENTS AND OVER 92% OF THE STUDENT POPULATION ARE STUDENTS WITH DISABILITIES. THE SCHOOL'S WAIT-LIST HAS GROWN TO OVER 300 STUDENTS, WHICH SUPPORTS THE PLAN TO REACH MAXIMUM CAPACITY OF 225 STUDENTS BY YEAR FIVE IN THE NEW FACILITY. ALL BUDGETARY GOALS ASSOCIATED WITH THE OPERATIONS OF THE NEW FACILITY AND GROWING ENROLLMENT ARE BEING MET.THE SCHOOL CONTINUES TO RECEIVE HIGH MARKS IN ALL EVALUATIONS FROM THE UNIVERSITY OF ST. THOMAS, OUR AUTHORIZER. 15178494 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 15 0 1 219 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X DONNA PIAZZA BOARD CHAIR 1.00 X X 0 0 0 CAROLYN FRITZ VICE-CHAIR 1.00 X X 0 0 0 KAREN MARSHALL TREASURER 1.00 X X 0 0 0 JIM LAWRENCE MEMBER 1.00 X 0 0 0 DIANE PANGAL EXECUTIVE DIRECTOR 40.00 X 104500 0 15075 104500 0 15075 1 0 0 0 CONTEMPORARY TRANSPORTATION 2300 NEVADA AVE NO 300 GOLDEN VALLEY MN 55427 STUDENT TRANSPORTATION 1265578 ZEN EDUCATION INC PO BOX 18429 PALATINE IL 60055 STUDENT SUPPORT SERVICES 217976 MOVING MATTERS 1320 RIVERSIDE LN APT 106 WEST ST PAUL MN 55118 STUDENT SUPPORT SERVICES 134175 PEDIATRIC PSYCH SERVICES 4832 W 27TH STREET ST LOUIS PARK MN 55416 PSYCHOLOGIST 108763 4 15800288 3380 15803668 MEDICAL ASSISTANCE 611600 164950 164950 FEES FROM PATRONS 611600 883 883 165833 2 2 961 95 866 866 MISC REVENUE 611600 48392 48392 48392 16018761 214225 0 868 121483 121483 7094140 6926685 167455 558896 547301 11595 646779 632550 14229 555159 533246 21913 31377 31377 90415 90415 1165382 1109102 56280 272152 220560 51592 310891 278256 32635 2815140 2814213 927 36567 35030 1537 2292 2292 73880 71805 2075 52310 52310 STUDENT TRANSPORTATION 1685578 1685578 INSTRUCTIONAL SUPPLIES 149347 149347 EQUIP RENTAL & MAINT 62639 62481 158 SMALL EQUIPMENT PURCHAS 46041 41912 4129 37837 15826 22011 15808305 15178494 629811 0 X 946836 814533 1030442 1473404 23018 20299 789824 417143 227671 372681 2373715 2130181 4601682 4811098 417614 606747 5198 6374552 6153464 6797364 6760211 X -2418155 -2321794 222473 372681 0 0 -2195682 -1949113 4601682 4811098 X 210456 36113 X 0 1 X 1 0 X 789824 417143 372681 372681 DEFERRED OUTFLOWS - PENSION 2073444 DUE FROM FRIENDS OF SPERO ACADEMY 13825 DUE FROM FRIENDS OF SPERO ACADEMY II 42912 2130181 NET PENSION LIABILITY 5497175 DEFERRED INFLOWS - PENSION 556531 COMPENSATED ABSENCES 70024 LEASE LIABILITY 29734 6153464 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, 2023, THERE WERE NO INCOME TAX RELATED 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 POLICIES ARE POSTED ON THE SCHOOL WEBSITE OR AVAILABLE AT THE SITE AS REQUESTED. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, SPERO ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. FORM 990, PART VI, SECTION A, LINE 7A AS PER MN STATUTE 124E.07, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT, 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 SCHOOLS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE SPERO ACADEMY FINANCE COMMITTEE REVIEWS THE FORM 990, WHILE IN PREPARATION, AND THEN PRESENTS THE PUBLIC DISCLOSURE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF DIRECTORS RECEIVE AN ORIENTATION AND REVIEW OF THE CONFLICT OF INTEREST POLICY AT THE ANNUAL MEETING OF THE BOARD. FOLLOWING THE INFORMATION REVIEW, EACH MEMBER COMPLETES AND SIGNS A CONFLICT OF INTEREST DISCLOSURE THAT IS CURRENT FOR THE YEAR. THE GOVERNANCE COMMITTEE REMINDS BOARD MEMBERS OF THEIR DISCLOSURE RESPONSIBILITIES AT SEVERAL TIMES THROUGHOUT THE SCHOOL YEAR AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE SPERO ACADEMY GOVERNANCE COMMITTEE REVIEWS THE ANNUAL COMPENSATION PLANS SUBMITTED FROM THE SCHOOL DIRECTORS. THE CHAIR OF THE GOVERNANCE COMMITTEE SOLICITS PERFORMANCE REVIEW DATA FROM OFFICERS OF THE BOARD AND SUMMARIZES THE RESPONSES FOR A MEETING AND DISCUSSION WITH THE DIRECTOR. COMPENSATION IS RECOMMENDED TO THE FULL BOARD OF DIRECTORS, AS OUTLINED BY THE APPROVED ANNUAL COMPENSATION PLAN, BY THE CHAIR OF THE BOARD AND BASED ON THE RESULTS OF THE COMPENSATION AND PERFORMANCE REVIEWS. THE FULL BOARD TAKES ACTION ON THE CONTRACT PRIOR TO EXECUTION. FORM 990, PART VI, SECTION C, LINE 19 THE POLICIES AND FINANCIAL STATEMENTS OF SPERO ACADEMY ARE POSTED ON ITS WEBSITE. THE POLICIES AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN THE SCHOOL OFFICE FOR REVIEW OF HARD COPY. FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. 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 36,113. FRIENDS OF SPERO ACADEMY 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 815382949 LEASE BUILDING TO SCHOOL MN 501(C)(3) LINE 12A, I SPERO ACADEMY 1 FRIENDS OF SPERO ACADEMY II 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 851076979 LEASE BUILDING TO SCHOOL MN 501(C)(3) LINE 12A, I SPERO ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 FRIENDS OF SPERO ACADEMY K 1559050 LEASE AGREEMENT FRIENDS OF SPERO ACADEMY II K 780075 LEASE AGREEMENT