2024-02-05T16:15:57-06:00 2023-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2022-07-01 462718046 ABC OF NORTH SHORE COMMUNITY SCHOOL INC ABCO 2185250663 5926 RYAN ROAD DULUTH MN 55804 PHILIP STROM PRESIDENT 2185250663 2024-01-29 1 PHILIP STROM 999009999 0 SHELLEY M GAETZ P00066049 3202510286 2024-01-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSH GOUTERMONT 5926 RYAN ROAD DULUTH MN 55804 542045 0 X WWW.NORTHSHORECOMMUNITYSCHOOL.ORG/ABC/ X 2013 MN WE ARE A NON-PROFIT CORPORATION CHARGED WITH HOLDING TITLE TO THE NORTH SHORE COMMUNITY SCHOOL FACILITIES WITH MANAGEMENT AND MAINTENANCE RESPONSIBILITY, AS WELL AS CAPITAL IMPROVEMENTS. 3 3 0 3 0 0 20000 11500 525600 525600 -71 4945 0 0 545529 542045 0 0 0 0 0 0 0 0 0 453898 454654 453898 454654 91631 87391 7431058 7294868 1813017 1589436 5618041 5705432 WE ARE A NON-PROFIT CORPORATION CHARGED WITH HOLDING TITLE TO THE NORTH SHORE COMMUNITY SCHOOL FACILITIES WITH MANAGEMENT AND MAINTENANCE RESPONSIBILITY, AS WELL AS CAPITAL IMPROVEMENTS. 0 0 454654 525600 FACILITIES MANAGEMENT SERVICES, LONG RANGE CAPITAL IMPROVEMENT PLANNING, NEGOTIATED ANNUAL LEASE WITH TENANT, NORTH SHORE COMMUNITY SCHOOL. ALL OF THIS BENEFITS THE ENTIRE COMMUNITY WE SERVE, AS WELL AS APPROXIMATELY 359 K - 6 STUDENTS AND SCHOOL STAFF OF APPROXIMATELY 55 MEMBERS. 454654 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 MN X SARAH MASSIE - OFFICEWORK SOLUTIONS 2187224244 4915 RICE LAKE ROAD DULUTH MN 55804 X JOSHUA GOUTERMONT PRESIDENT 3.00 X X 0 0 0 DENNY STOLP TREASURER 1.10 X X 0 0 0 ANDY JOHNSON SECRETARY 0.50 X X 0 0 0 0 0 0 0 0 0 0 0 11500 11500 RENTAL INCOME 532000 525600 525600 525600 4945 4945 542045 525600 0 4945 42094 42094 6978 6978 4950 4950 1390 1390 338 338 1015 1015 14278 14278 870 870 52012 52012 273694 273694 23596 23596 REPAIRS AND MAINTENANCE 30922 30922 FURNITURE AND EQUIPMENT 2122 2122 MISCELLANEOUS 366 366 DUES AND MEMBERSHIPS 29 29 454654 454654 0 0 71771 135654 353204 357648 2959 8962208 2160642 7003124 6801566 7431058 7294868 1949 637 1811068 1588799 1813017 1589436 X -3372056 -1588799 8567071 6801566 423026 492665 5618041 5705432 7431058 7294868 87391 0 X 0 1 X 1 0 X X X 1 NORTH SHORE COMMUNITY SCHOOL 412009080 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 0 PART IV, SECTIONS E, LINE 2A THE SOLE FUNCTION AND PURPOSE OF ABC OF NORTH SHORE COMMUNITY SCHOOL (ABC) IS TO SUPPORT THE MISSION OF NORTH SHORE COMMUNITY SCHOOL (NSCS) BY THE PROVISION OF PREMISES WITH WHICH TO CONDUCT THE BUSINESS OF AN ELEMENTARY CHARTER SCHOOL. * NCSC, (A CHARTER UNDER MINNESOTA STATUTE) AND ITS AFFILIATED BUILDING COMPANY, ABC, ARE SYMBIOTIC BUT SEPARATE SUPPORTING ENTITIES EACH OPERATING AS A 501(C)(3) NON-PROFIT CORPORATION. * MINNESOTA STATUTES PROHIBIT THE OWNERSHIP OF "REAL PROPERTY" BY CHARTER SCHOOLS, BUT ALLOW SUCH OWNERSHIP BY "AFFILIATED BUILDING COMPANIES." * ABC HOLDS TITLE TO THE LAND AND FACILITIES OCCUPIED BY NSCS AND IS RESPONSIBLE FOR MAINTENANCE AND UPKEEP OF THE PROPERTY. * NSCS AND ABC ANNUALLY ENTER INTO A LEASE AGREEMENT GOVERNING ALL TERMS AND CONDITIONS OF THE USE OF THE SCHOOL FACILITIES AND GROUNDS. * ABC'S GOVERNANCE IS A BOARD OF THREE UNCOMPENSATED MEMBERS APPOINTED BY THE NSCS BOARD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8615982 2047485 6568497 346226 113157 233069 6801566 X PART X, LINE 2: THE SCHOOL IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE SCHOOL, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE SCHOOL ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE SCHOOL ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE SCHOOL IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE SCHOOL WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE SCHOOL IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. FORM 990, PART VI, SECTION A, LINE 3 THE BUILDING COMPANY OUTSOURCES IT'S BOOKKEEPING SERVICES TO OFFICEWORK SOLUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND THE BOARD REVIEWS THE FORM 990 PRIOR TO IT'S FILING. FORM 990, PART VI, SECTION C, LINE 19 THE BUILDING COMPANY MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NORTH SHORE COMMUNITY SCHOOL 5926 RYAN ROAD DULUTH MN 55804 412009080 EDUCATIONAL PROGRAMMING FOR KINDGERGARTEN THROUGH GRADE 6. MN 501 (C) 3 LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 NORTH SHORE COMMUNITY SCHOOL J 525600 FMV OF RENTAL INCOME RECEIVED NORTH SHORE COMMUNITY SCHOOL O 44638 FMV OF SHARED SALARIES