2024-04-23T15:30:59-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 812964842 PHOENIX ACADEMY PHOE 6512370656 38460 LINCOLN TRAIL SUITE 1 NORTH BRANCH MN 55056 JAMES GAGNER EXECUTIVE DIRECTOR 6512370656 2024-04-17 1 JAMES GAGNER 999009999 0 BRENT L ALEXANDER CPA P00075113 5157275700 2024-03-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES GAGNER 38460 LINCOLN TRAIL SUITE 1 NORTH BRANCH MN 55056 1957612 0 X WWW.PHXACADEMYCHARTERSCHOOL.COM X 2017 MN OFFER A CURRICULUM THAT IS MORE EXPERIENTIAL AND PERSONALLY APPEALING TO STUDENTS. 6 4 50 5 0 0 2056594 1912911 8535 39534 114 243 -955 3775 2064288 1956463 0 0 0 0 1035601 1111166 0 0 0 744970 704205 1780571 1815371 283717 141092 1132267 1676961 979608 1638477 152659 38484 X THE PHOENIX ACADEMY OF ART AND SCIENCE SCHOOL PROGRAM HAS BEEN DEVELOPED ON RESEARCH- BACKED FOUNDATIONAL TEACHING AND LEARNING PRACTICES AND WITH THE INTENT OF OFFERING A CURRICULUM THAT IS MORE EXPERIENTIAL AND PERSONALLY APPEALING TO STUDENTS. PHOENIX ACADEMY IS A COMPREHENSIVE TUITION-FREE PUBLIC K-8 SCHOOL OFFERING A RIGOROUS ACADEMIC PROGRAM WHILE INTEGRATING THE VISUAL AND PERFORMING ARTS. PHOENIX ACADEMY IS A UNIQUE LEARNING ENVIRONMENT WITH SMALLER CLASSROOMS, LOWER STUDENT TO TEACHER RATIOS, AND A HANDS-ON APPROACH TO TEACHING AND LEARNING. PHOENIX ACADEMY STUDENTS RECEIVE ALL NECESSARY ACADEMIC SUPPORT, AND PARTICIPATE IN ADVANCED LEARNING OPPORTUNITIES DURING ENRICHMENT HOUR CLASSES THAT TAKE PLACE EACH SEMESTER OR TRIMESTER. 0 0 1521927 44191 THE PHOENIX ACADEMY OF ART AND SCIENCE IS A PUBLIC CHARTER SCHOOL THAT IS TUITION FREE AND SERVES STUDENTS IN GRADES K-6. THE PHOENIX ACADEMY OF ART AND SCIENCE HAS AN EMPHASIS IN ART AND SCIENCE TO ENHANCE THE OVERALL LEARNING EXPERIENCE OF THE STUDENTS AND DEVELOP MORE CREATIVE AND WELL-ROUNDED STUDENTS. 1521927 1 0 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 5 0 1 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X JOSH LARABEE BOARD CHAIR 1.00 X X 0 0 0 CHRIS HOUSTON VICE CHAIR 1.00 X X 0 0 0 WENDY LEVESSEUR SECRETARY 41.00 X X 0 0 0 MARY LINDQUIST TREASURER 1.00 X X 0 0 0 SARAH JOHNSON MEMBER/TEACHER 41.00 X 39186 0 8442 LIANA EMERY MEMBER/TEACHER 41.00 X 29240 0 5241 JAMES GAGNER EXECUTIVE DIRECTOR 40.00 X 93519 0 8189 161945 0 21872 0 0 0 0 0 1898981 13930 1912911 PUPIL SALES 611600 25357 25357 FEES FROM PATRONS 611600 14177 14177 39534 243 243 267 1149 -882 -882 MISC. REVENUES 611600 4657 4657 4657 1956463 44191 0 -639 184768 83696 101072 734861 714392 20469 58723 57459 1264 68324 62202 6122 64490 56044 8446 910 910 76120 76120 121203 112833 8370 1779 195 1584 57119 26690 30429 55912 55912 639 639 6029 6029 235189 229522 5667 15183 2209 12974 FOOD SERVICE 63492 63492 INSTRUCTIONAL SUPPLIES 34612 34612 DUES & MEMBERSHIPS 19828 450 19378 EQUIP. PURCHASES 8980 8980 7210 7210 1815371 1521927 293444 0 X 69610 502401 504799 251087 43485 30169 69335 32981 38226 36354 476147 856950 1132267 1676961 142378 152344 837230 1486133 979608 1638477 X 114433 6584 38226 23521 0 8379 152659 38484 1132267 1676961 X 141092 -255267 X 0 1 X 1 0 X 69335 32981 36354 36354 DEFERRRED OUTFLOWS - PENSION 406316 ROU ASSETS 450634 856950 NET PENSION LIABILITIES 1013364 DEFERRED INFLOWS - PENSION 9302 LEASE PAYABLE 463467 1486133 X 1964998 8535 8535 1956463 0 1956463 2079173 263802 263802 1815371 0 1815371 PART X, LINE 2: THE CHARTER SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE COD AND SIMILIAR STATE INCOME TAX LAWS. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE CHARTER SCHOOL QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION HAS EVALUATED AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GASB 68 PENSIONS 8,535. PART XII, LINE 2D - OTHER ADJUSTMENTS: GASB 68 PENSIONS 263,802. 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 COMMUNICATED IN ALL SOLICITATIONS AND REGISTRATION MATERIALS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVED STATE EDUCATION AID AND FEDERAL GRANT FUNDING. FORM 990, PART VI, SECTION A, LINE 7A ANY STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS/GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE WILL CONDUCT A DETAILED REVIEW OF THE 990. THE FULL BOARD WILL RECEIVE A PUBLIC DISCLOSURE COPY OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL BOAD WILL ASK AT THE BEGINNING OF EACH BOARD MEETING IF ANY MEMBERS HAVE A CONFLICT OF INTEREST WITH ANY OF THE AGENDA ITEMS OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE STARTING COMPENSATION OF THE EXECUTIVE DIRECTOR WAS/IS DETERMINED BASED UPON A COMPARISON OF SALARY AND BENEFITS OFFERED FOR SIMILAR POSITIONS AT CHARTER SCHOOLS IN THE REGION. OTHER CONSIDERATIONS IN MAKING THE INITIAL DETERMINATION ARE EDUCATION, EXPERIENCE, AND SKILLS OF THE EXECUTIVE DIRECTOR. FOR ANNUAL SALARY ADJUSTMENTS, THE PERCENTAGE OF INCREASE IS IN ALIGNMENT WITH OTHER STAFF INCREASES AS DETERMINED IN THE ANNUAL BUDGET PROCESS AND THE AMOUNT OF MDE GENERAL AID. ALL SALARY ADJUSTMENTS FOR THE EXECUTIVE DIRECTOR ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. SARAH JOHNSON AND LIANA EMERY ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR THIER SERVICES AS TEACHERS. 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 -255,267.