2024-05-14T23:56:42-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 815382949 FRIENDS OF SPERO ACADEMY FRIE 6124658600 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 TONY FARAH BOARD CHAIR 6124658600 2024-05-13 1 TONY FARAH 999009999 0 MICHELLE HEKEL CPA P01440878 5157275700 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TONY FARAH 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 1648771 0 X WWW.SPERO.ACADEMY X 2016 MN TO PURCHASE, OWN, CONSTRUCT OR LEASE A PUBLIC SCHOOLHOUSE TO SPERO ACADEMY 3 3 0 3 0 0 0 0 1434564 1559050 926 89721 0 0 1435490 1648771 0 0 0 0 0 0 0 0 0 2088155 1516261 2088155 1516261 -652665 132510 16643995 16633129 19136938 18993562 -2492943 -2360433 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PURCHASE, OWN, CONSTRUCT OR LEASE A PUBLIC SCHOOLHOUSE ON REAL ESTATE FOR LEASE TO SPERO ACADEMY, A MN PUBLIC CHARTER SCHOOL. 0 0 1516261 1559050 THE ORGANIZATION'S PURPOSE IS TO CONSTRUCT AND LEASE A FACILITY FOR SPERO ACADEMY, A MN PUBLIC CHARTER SCHOOL. 1516261 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X TONY FARAH CHAIR 1.00 X X 0 0 0 KIRK WAHLSTROM SECRETARY 1.00 X X 0 0 0 CHANDRA STONE TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531190 1559050 1559050 1559050 89721 89721 1648771 1559050 0 89721 13776 13776 45697 45697 1488 1488 1124725 1124725 270618 270618 EQUIPMENT PURCHASE 59957 59957 1516261 1516261 0 0 3220463 3461354 1488 14462029 1290254 13422044 13171775 16643995 16633129 1254813 1249737 17295000 17730000 580000 7125 13825 19136938 18993562 X 6559229 2197792 -9052172 -4558225 0 0 -2492943 -2360433 16643995 16633129 132510 0 X 0 1 X 1 0 X X X 1 SPERO ACADEMY 200309518 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 1 1 SECTION D, LINE 2: FRIENDS OF SPERO ACADEMY MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION (SPERO ACADEMY) THROUGH REGULAR DISCUSSIONS AND INTERACTIONS BETWEEN THE CHAIR OF FRIENDS OF SPERO ACADEMY AND THE CHAIR AND TREASURER OF SPERO ACADEMY. SECTION E, LINE 2A: FRIENDS OF SPERO ACADEMY IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF SPERO ACADEMY, AN MINNESOTA NON-PROFIT CORPORATION. FRIENDS OF SPERO ACADEMY PURCHASED REAL ESTATE OCCUPIED BY SPERO ACADEMY USED FOR THE PURPOSE OF PROVIDING EDUCATIONAL INSTRUCTION IN SUPPORT OF SPERO ACADEMY'S MISSION. FRIENDS OF SPERO ACADEMY INTENTS TO ENGAGE IN NO OTHER ACTIVITIES, AND THE OWNERSHIP OF REAL ESTATE BY FRIENDS OF SPERO ACADEMY DIRECTLY FURTHERS SPERO ACADEMY'S EXEMPT PURPOSES IN THAT REAL ESTATE IS REQUIRED TO HOUSE AND DELIVER EDUCATION TO SPERO'S STUDENTS. PART IV, SECTION E, LINE 2B: SPERO ACADEMY HAS THE ABILITY TO PROVIDE AND EDUCATIONAL FACILITY. HOWEVER, THEY ARE NOT ALLOWED TO OWN THE FACILITIY. 1460000 1460000 12807469 1243235 11564234 194560 47019 147541 13171775 DUE TO SPERO ACADEMY 13825 13825 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. A CITY OF MINNEAPOLIS 416005375 60375CAQ7 2017-08-03 17295000 PURCHASE LAND AND BUILD SCHOOLHOUSE 0 0 0 A 17295000 1395936 1000847 345900 14218300 334017 2018 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF MINNEAPOLIS DATE THE REBATE COMPUTATION WAS PERFORMED: 07/18/2022 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS SPERO ACADEMY. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE POWER TO REMOVE OR APPOINT DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES OF INCORPORATION SHALL NOT BE AMENDED WITHOUT THE WRITTEN CONSENT OF THE SOLE MEMBER. SUBJECT TO THE RIGHT OF THE SOLE MEMBER TO ADOPT, AMEND AND REPEAL THE BYLAWS AS SET FORTH IN MINNESOTA STATUTES, SECTION 317A.181, SUBD. 2(B), THE POWER TO ADOPT, AMEND OR REPEAL THE BYLAWS IS VESTED IN THE 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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SPERO ACADEMY 2701 CALIFORNIA STREET NE MINNEAPOLIS MN 55418 200309518 SCHOOL MN 501(C)(3) LINE 2 N/A 0 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 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 0