2024-05-09T13:03:21-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 270126330 FRIENDS OF ST CROIX PREPARATORY ACADEMY FRIE 6513955900 4260 STAGECOACH TRAIL NORTH STILLWATER MN 55082 KELLY GUTIERREZ TREASURER 6513955900 2024-05-09 1 KELLY GUTIERREZ 999009999 0 ANN NEIL P01817922 6123764500 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KELLY GUTIERREZ 4260 STAGECOACH TRAIL NORTH STILLWATER MN 55082 2035778 0 X N/A X 2005 MN TO DESIGN AND IMPLEMENT SCPA'S STRATEGIES RELATED TO FACILITIES AND CAPITAL DEVELOPMENT. 4 2 0 50 0 0 0 0 1925740 1958444 1297 77334 0 0 1927037 2035778 0 0 0 0 0 0 0 0 0 1788602 1873984 1788602 1873984 138435 161794 22899223 22566511 26501263 26006757 -3602040 -3440246 TO DESIGN AND IMPLEMENT SCPA'S STRATEGIES RELATED TO FACILITIES AND CAPITAL DEVELOPMENT. 0 0 1851422 0 1958444 BUILDING COMPANY WHOSE PURPOSE IS TO PURCHASE, OWN, AND CONSTRUCT A BUILDING TO LEASE TO ST. CROIX PREPARATORY ACADEMY. 1851422 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 X 4 2 0 0 0 0 1 1 0 1 0 0 0 1 0 1 1 0 0 0 MN X KELLY GUTIERREZ 6513955900 4260 STAGECOACH TRAIL N STILLWATER MN 55082 KELLY GUTIERREZ TREASURER 2.00 40.00 X X 0 139656 33492 WILLIAM BLOTSKE SECRETARY 2.00 40.00 X X 0 118875 16779 DAN MEHLS CHAIR 2.00 0.00 X X 0 0 0 KRISTINE FISHER DIRECTOR 2.00 0.00 X X 0 0 0 0 258531 50271 2 0 1 0 0 RENTAL INCOME 531120 1958444 1958444 1958444 77334 77334 2035778 1958444 0 77334 22562 22562 948 948 1026875 1026875 729877 729877 1173 1173 CAPITAL OUTLAY 92549 92549 1873984 1851422 22562 0 660900 686652 3112476 3215484 1173 26352935 7689733 19125847 18663202 22899223 22566511 1659 25996104 25352475 503500 654282 26501263 26006757 X -248 -248 -4790495 -4673178 1188703 1233180 -3602040 -3440246 22899223 22566511 161794 0 X X 0 1 X 1 0 X X X 1 ST CROIX PREPARATORY ACADEMY 900103622 2 1 1851422 0 1 1851422 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2080000 2080000 24244278 7680268 16564010 28657 9465 19192 18663202 INTEREST PAYABLE 427327 DUE TO SCHOOL 226955 654282 19521575 17485797 17485797 2035778 0 2035778 19568229 18416184 18416184 1152045 721939 721939 1873984 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE REPORTED ON A SEPARATE TAX RETURN 17,485,797. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON A SEPARATE TAX RETURN 17,505,324. PRINCIPAL PAYMENT 655,000. CAPITALIZED EXPENDITURES 255,860. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF PREMIUM AND REFUNDING LOSS 718,505. DEPRECIATION EXPENSE 11,372. CHANGE IN ACCRUED INTEREST PAYABLE -7,938. 0 0 0 0 0 0 0 0 0 KELLY GUTIERREZ TREASURER 0 139656 0 0 0 0 0 10633 0 22859 0 173148 0 0 PART I, LINE 3 OFFICER ARE COMPENSATED BY THE RELATED ORGANIZATION, ST. CROIX PREPARATORY ACADEMY. RESEARCH BASED RESOURCES ARE AVAILABLE TO THE BOARD: MACS COMPENSATION SURVEYS, CONSULTATION WITH SCHOOL'S AUTHORIZER WHO PROVIDED COMPARISON SALARIES OF 15-20 OTHER CHARTER SCHOOLS, AND AN INDEPENDENT BOARD REPRESENTATIVE CONDUCTED A SURVEY OF COMPARABLE POSITIONS THROUGHOUT THE TWIN CITIES METRO AREA. RESEARCH FINDINGS WERE REPORTED TO THE BOARD AND BOARD DETERMINED SALARY BASED ON THESE FACTS AND THE EMPLOYEES' PERFORMANCE AND ATTAINMENT OF GOALS. THE MOST RECENT FORMAL COMPENSATION STUDY WAS COMPLETED IN 2017 FOR EXEC DIR FINANCE AND OPERATIONS, K. GUTIERREZ. A BAYTOWN TWP MINNESOTA 416136615 073225AY0 2016-08-31 29235000 TO REFUND EXISTING BOND ISSUANCE AND FINANCE CONSTRUCTION OF ATHLETIC FIELDS 1 0 0 A 2890000 29625176 1696056 587918 3900000 23441202 2017 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER OF THE CORPORATION IS ST. CROIX PREPARATORY ACADEMY. FORM 990, PART VI, SECTION A, LINE 7A ST. CROIX PREPARATORY ACADEMY, THE SOLE MEMBER, SHALL APPOINT THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S MANAGEMENT. THE REVIEWED DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD ELECTRONICALLY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AND THEY DO NOT HAVE A CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 1: EXPLANATION OF METHOD OF ACCOUNTING THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE GOVERNMENT-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 FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ST CROIX PREPARATORY ACADEMY 4260 STAGECOACH TRAIL NORTH STILLWATER MN 55082 900103622 EDUCATION MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 1 0 0