2024-04-22T11:13:37-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 900411789 CANNON RIVER STEM SCHOOL CANN 6123314181 1800 14TH STREET NE FARIBAULT MN 55021 JULIE COHRS EXECUTIVE DIRECTOR 6123314181 2024-04-19 1 JULIE COHRS 999009999 0 ANN NEIL P01817922 6123764500 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIE COHRS 1800 14TH STREET NE FARIBAULT MN 55021 3538142 0 X WWW.CANNONRIVERSTEMSCHOOL.ORG X 2008 MN A K-8 PUBLIC CHARTER SCHOOL WITH AN EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH. 8 4 54 34 0 0 4800991 3496150 3509 38700 0 0 0 3292 4804500 3538142 0 0 0 0 2969820 2959215 0 0 0 1661155 1577835 4630975 4537050 173525 -998908 3293154 3869885 4779208 5873257 -1486054 -2003372 OUR MISSION IS TO FOSTER EACH STUDENT'S INNATE CURIOSITY AND JOY OF DISCOVERY. WE PREPARE STUDENTS WHO ARE WELL EDUCATED, SOCIALLY AWARE, SCIENTIFICALLY LITERATE, RESPECTFUL, AND RESPONSIBLE CITIZENS IN THE GLOBAL COMMUNITY. 0 0 4040337 0 38700 EDUCATION: TO PROVIDE AN EDUCATION TO STUDENTS IN GRADES K-8. DURING THE PAST FISCAL YEAR THE SCHOOL HAS ORGANIZED A QUALITY PROGRAM THAT SUPPORTED 270 STUDENTS. 4040337 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 0 0 1 12 0 1 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X JULIE CORHS 6123314181 1800 14TH STREET NE FARIBAULT MN 55021 STACEY SANDLER VICE-CHAIR/TEACHER 45.00 0.00 X X 57090 0 13076 MIKE CROSS BOARD CHAIR 5.00 0.00 X X 0 0 0 TAYLOR CASANOVA DIRECTOR 5.00 0.00 X 0 0 0 DIANE LARSON TREASURER 5.00 0.00 X X 0 0 0 SARAH BUSCH DIRECTOR/TEACHER 45.00 0.00 X 47521 0 27150 CASANDRA NEYMEYER DIRECTOR/TEACHER 45.00 0.00 X 43422 0 13077 JESSICA NAVARRO DIRECTOR 5.00 0.00 X 0 0 0 SHEILA SAWYER DIRECTOR/TEACHER 45.00 0.00 X 52256 0 4231 200289 0 57534 0 0 0 0 ALL PRO CLEANERS LLC PO BOX 472 FARIBAULT MN 55021 CLEANING SERVICES 106763 1 3439518 56632 3496150 FOOD SERVICE REVENUES 900099 17733 17733 ADMISSIONS 900099 10073 10073 MEDICAL ASSISTANCE 900099 10041 10041 FEES FROM PATRONS 611710 853 853 38700 3292 0 3292 3292 3538142 38700 0 3292 X 301634 301634 2127284 1994140 133144 182870 172882 9988 154362 136749 17613 193065 183191 9874 3946 3946 11555 11555 519078 324209 194869 268222 205841 62381 405063 405063 42142 42142 10589 10589 36771 36771 232564 210914 21650 14049 14049 DUES AND MEMBERSHIPS 33856 2163 31693 4537050 4040337 496713 0 822115 186764 794777 718631 101049 2650 739221 580147 173369 159074 1401844 2802766 3293154 3869885 418112 1091499 4361096 4781758 4779208 5873257 X -1660723 -2156810 174669 153438 0 0 -1486054 -2003372 3293154 3869885 X -998908 9892 471698 X X 0 1 X 1 1 1 X 739221 580147 159074 159074 DEFERRED PENSION - OUTFLOWS 1130778 ROU ASSET - NET OF AMORTIZATION 1671988 2802766 DEFERRED PENSION - INFLOWS 726186 PENSION LIABILITY 2892146 LEASE LIABILITY 1163426 4781758 3538142 0 3538142 0 3538142 6368854 1890257 1890257 4478597 58453 58453 4537050 PART XII, LINE 2D - OTHER ADJUSTMENTS: CAPITALIZED EXPENDITURES 1,890,257. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION AND AMORTIZATION EXPENSE 232,564. PRINCIPAL PAYMENTS ON LEASES -174,111. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL WEBSITE. HOWEVER, THE POLICY WAS NOT LOCATED ON THE HOMEPAGE OF THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. SCHEDULE E, PART I, LINE 7 THE SCHOOL PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL WEBSITE. HOWEVER, THE POLICY WAS NOT LOCATED ON THE HOMEPAGE OF THE WEBSITE. FORM 990, PART VI, SECTION A, LINE 7A ASSOCIATES OF THE SCHOOL INCLUDE PARENTS/LEGAL GUARDIANS OF ENROLLED STUDENTS, STAFF MEMBERS EMPLOYED BY THE SCHOOL, AND VOLUNTEERS CERTIFIED BY THE VOLUNTEER COMMITTEE AND APPROVED BY THE BOARD. ASSOCIATES IN GOOD STANDING ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B SCHOOL ADMINISTRATION, FINANCIAL CONSULTANTS, AND BOARD REIVEW THE 990 RETURN FOR ACCURACY AND COMPLETENESS. THE 990 RETRUN IS FORMALLY ACCEPTED AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE BOARD OF DIRECTORS TO CONFORM TO STATUTORY CONFLICT OF INTEREST LAWS AND, IN ADDITION, ACT IN A MANNER THAT WILL AVOID CONFLICTS OF INTEREST OR THE APPEARANCE THEREOF IN ITS MEMBERS' OFFICIAL AND PRIVATE CAPACITIES. AN INTERESTED DIRECTOR MAY BE PRESENT FOR DISCUSSION TO ANSWER QUESTIONS, BUT MAY NOT ADVOCATE FOR THE CONTRACT OR TRANSACTION. THEY MUST NOT BE PRESENT WHILE A VOTE IS TAKEN. THE REVIEW OF POTENTIAL CONFLICTS AND FINAL DETERMINATION WILL BE MADE BY ALL REMAINING MEMBERS OF THE BOARD OF DIRECTORS. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES IN DETAIL IN ACCORDANCE WITH THE SCHOOL'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPARATIVE SALARY REVIEW WITH SIMILAR SCHOOLS FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 324,209. MANAGEMENT AND GENERAL EXPENSES 194,869. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 519,078. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 471,698. FORM 990, PART XII, LINE 1, EXPLANATION FOR OTHER METHOD OF ACCOUNTING: THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. FORM 990, PART XII, LINE 2C THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTING FIRM HAS NOT CHANGED FROM THE PRIOR YEAR.