2024-10-10T09:04:44-05:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 421530416 Prairie Creek Community School PRAI 5076459640 27695 Denmark Avenue Northfield MN 55057 Simon Tyler School Director 5076459640 2024-10-08 1 1 Steven D Anseth CPA P00552219 9528359090 2024-10-03 2023 2024-10-15 13:58:12Z Simon Tyler 27695 Denmark Avenue Northfield MN 55057 3050252 0 X prairiecreek.org X 2002 MN Dedicated to providing imaginative teaching in an atmosphere of mutual respect. 9 7 46 250 0 0 2364155 2733287 156699 94414 8946 14610 309258 207941 2839058 3050252 0 0 0 0 1748846 2033902 0 0 0 840021 916068 2588867 2949970 250191 100282 3572542 3188443 3783643 3299262 -211101 -110819 The School is dedicated to providing imaginative teaching in an atmosphere of mutual respect. 0 0 2551725 94414 Prairie Creek is a progressive education school. We are committed to inquiry, innovation, and reflective practice. We support children in developing the skills and habits of mind that cultivate a lifelong love of learning. We share our philosophy and practive with others and learn from them.The school covered grades k-5 with 179 students enrolled. 2551725 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 15 0 1 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X Simon Tyler 5076459640 27695 Denmark Avenue Northfield MN 55057 Christine Williams Chair 1.00 X X 0 0 0 Tim Goodwin Vice Chair 1.00 X X 0 0 0 Ryan Kiesel Treasurer/Faculty 40.00 X X 57963 0 6231 Beth Molitor Trustee/Secretary 1.00 X X 0 0 0 Nancy Dennis Trustee/Faculty 40.00 X 65404 0 18858 Margit Zsonlay Trustee 1.00 X 0 0 0 Jessica Provancha Trustee 1.00 X 0 0 0 Lyndsay Reece Trustee 1.00 X 0 0 0 Shelly Dickinson Trustee 1.00 X 0 0 0 Simon Tyler School Director 40.00 X 84967 0 25601 Keith Johnson CFO 15.00 X 42287 0 3171 250621 0 53861 0 0 0 0 0 2629638 103649 2733287 Tuition/Fees 900099 89620 89620 Medical Assistance Rev 900099 3883 3883 Misc Program Revenue 900099 911 911 94414 14610 14610 Pension 900099 207941 207941 207941 3050252 94414 0 222551 287745 244234 43511 1297233 1101073 196160 157961 122861 35100 176869 142725 34144 114094 97621 16473 657 657 27585 27585 258325 225782 32543 671 671 41733 41733 27652 27652 5362 3397 1965 5854 5854 32660 32660 12418 12418 Lease expense 281126 281126 Food/milk 113445 113445 Supplies 60868 58552 2316 Miscellaneous 14763 7643 7120 32949 32949 2949970 2551725 398245 0 986768 928683 262332 290342 20155 26672 2454872 887731 1832201 1567141 471086 375605 3572542 3188443 206177 214179 3577466 3085083 3783643 3299262 X -285936 -206730 74835 95911 -211101 -110819 3572542 3188443 100282 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1873154 468288 1404866 419566 283203 136363 162152 136240 25912 1567141 Deferred pension resources 375605 375605 Short term lease liabilites 222964 Long term lease liabilites 1218902 Net pension liability 1544672 Deferred pension resources 98545 3085083 X 2855279 0 2855279 194973 194973 3050252 2754997 -194973 -194973 2949970 0 2949970 Part X, Line 2: The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter 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, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter 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. Part XI, Line 4b - Other Adjustments: Negative pension expense reclassified as revenue 194,973. Part XII, Line 2d - Other Adjustments: Negative pension expense reclassified as revenue -194,973. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The policy is contained in the registration and solicitation materials. Schedule E, Part I, Line 6 The school receives federal and state funding. Form 990, Part VI, Section A, line 1a The Executive Committee includes the Chair and two other Board Members the Board may designate. The Director of the school shall sit ex-officio on the Executive Committee and attend all meetings. This committee has the authority of the Board of Directors in the management of the corporation between meetings of the Board of Directors. Form 990, Part VI, Section A, line 6 The School's membership is composed of the parents, and/or guardians of the children currently enrolled in the school, the current staff, and the board of directors. Other members may be accepted by majority vote at membership meeting or board of directors meetings. Form 990, Part VI, Section A, line 7a The Board is comprised of nine members: at least one from the parent community, at least two from the faculty, and at least one unrelated member from the community at large. The members elect the board by ballot in the spring of each year. Form 990, Part VI, Section B, line 11b The School Director and the CFO review the form 990 prior to signing and filing with the IRS. The other board members will have it available to review at their discretion. Form 990, Part VI, Section B, line 12c The School's conflict of interest policy covers Directors, Officers and Employees. Covered individuals must disclose material facts for any potential conflict of interest to the Board who shall determine if a conflict exists. Individuals with a conflict of interest may not vote, participate in the discussion, or be counted for determining the presence of a quorum. A transaction where a conflict exists may be approved by the remaining board members by a two-thirds majority. Proceedings involving conflicts of interest are documented in the meeting minutes. Form 990, Part VI, Section B, line 15a A Board committee evaluated and negotiated an annual contract with the Director, Simon Tyler, using appopriate comparability data and contemporaneous substantiation of the committee's deliberations and decision. The review was last conducted in 2020. Form 990, Part VI, Section C, line 19 The school makes its governing documents, conflict of interest policy and financial statements avalible to the public upon request. Form 990, Part XII, Line 1 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 requierments imposed by the provider have been met. Form 990, Part XII, Line 2c The process has not changed from the prior year.