2024-05-13T01:10:38-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 220 PARK AVE S ST CLOUD MN 56301 990 2022-07-01 261305369 ASPEN ACADEMY ASPE 9522265940 14825 ZINRAN AVENUE SAVAGE MN 55378 MELANIE JISKRA EXECUTIVE DIRECTOR 9522265940 2024-05-07 1 MELANIE JISKRA 999009999 1 MARIE A PRIMUS CPA P01272184 3202517010 2024-05-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MELANIE JISKRA 14825 ZINRAN AVENUE SAVAGE MN 55378 7906430 0 X WWW.ASPENACADEMYMN.ORG X 2007 MN TO PROVIDE STUDENTS WITH A WELL-ROUNDED AND CORE KNOWLEDGE-BASED EDUCATION. 7 4 115 216 0 0 7871681 7552387 113916 316182 1 24 41297 37837 8026895 7906430 0 0 0 0 4566210 4495012 0 0 0 3420585 3144764 7986795 7639776 40100 266654 4071850 4495976 6244040 5820968 -2172190 -1324992 TO PROVIDE STUDENTS WITH A WELL-ROUNDED AND CORE KNOWLEDGE-BASED EDUCATION. 0 0 6676412 354019 ASPEN ACADEMY OFFERS SMALL CLASS SIZES THAT PROVIDES A SENSE OF COMMUNITY. ASPEN ACADEMY PROVIDES A LITERATURE RICH, CORE KNOWLEDGE CURRICULUM WHICH INCLUDES SINGAPORE MATH. ASPEN ACADEMY HAS ELEMENTARY SPANISH, ART, MUSIC AND PHY ED PROGRAMS. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2023 WAS 644 STUDENTS SPREAD FROM KINDERGARTEN THROUGH EIGHTH GRADE. 6676412 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 1 1 1 0 0 1 29 0 1 115 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CLIFTONLARSONALLEN 6123764500 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 MICHAEL FAULISE CHAIR 1.00 0.00 X X 0 0 0 ANDREW PRICE VICE CHAIR 1.00 0.00 X X 0 0 0 ROBERT ALLISON TREASURER 1.00 0.00 X X 0 0 0 STEPHANIE SMITLEY SECRETARY/TEACHER 40.00 0.00 X X 29268 0 2472 BRANDY MOSSER MEMBER 1.00 0.00 X 59976 0 10472 CHRIS DICAPO MEMBER 1.00 0.00 X 0 0 0 RACHEL MONG MEMBER/TEACHER 40.00 0.00 X 44827 0 4006 MELANIE JISKRA EXECUTIVE DIRECTOR 40.00 1.00 X 125657 0 10386 259728 0 27336 1 0 0 0 TRIO COMMUNITY MEALS PO BOX 742992 ATLANTA GA 30374 FOOD SERVICE VENDOR 172257 PRIOR LAKE SCHOOL BUS ASSOCIATION 5823 GRANITE COURT PRIOR LAKE MN 55372 TRANSPORTATION 153342 2 7446102 106285 7552387 TUITION REVENUE 611710 117155 117155 FOOD SALES TO PUPILS 611710 104269 104269 FEES FROM PATRONS 611710 85038 85038 MEDICAL ASSISTANCE 611710 9720 9720 316182 24 24 MISCELLANEOUS REVENUE 611710 37837 37837 37837 7906430 354019 0 24 X 310976 154028 156948 64632 64632 3319553 3017777 301776 260020 244882 15138 257675 239128 18547 282156 219500 62656 6839 6839 117457 117457 1026645 915603 111042 86681 58301 28380 140829 65318 75511 1454712 1450181 4531 21798 21112 686 84492 56081 28411 43871 43871 SUPPLIES 76252 76252 DUES AND SUBSCRIPTIONS 36598 3119 33479 REPAIRS & MAINTENANCE 34254 34254 EQUIPMENT PURCHASES 14336 12373 1963 7639776 6676412 963364 0 193803 255769 1114252 947334 661220 1104288 12772 27707 909114 523792 367817 385322 1721986 1775556 4071850 4495976 493849 573470 5750191 5247498 6244040 5820968 X -2540007 -1844106 367817 519114 0 0 -2172190 -1324992 4071850 4495976 X 266654 580544 X X 0 1 X 1 0 X 909114 523792 385322 385322 DEFERRED OUTFLOWS OF RESOURCES RELATED TO PENSIONS 1630090 DUE FROM FRIENDS OF ASPEN ACADEMY 11674 LEASED ASSETS 133792 1775556 NET PENSION LIABILITY 5112533 CAPITAL LEASE PAYABLE 134965 5247498 X PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 INFORMATION PERTAINING TO THE SCHOOL'S NONDISCRIMINATORY POLICY IS AVAILABLE ON THE SCHOOL WEBSITE. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE NOMINATED AND VOTED ON BY PARENTS, GUARDIANS AND EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS. THE DETERMINATION AS TO WHETHER A CONFLICT OF INTEREST EXISTS IS TO BE MADE BY THE SCHOOL BOARD. ANY SCHOOL BOARD MEMBER WHO HAS AN ACTUAL OR POTENTIAL CONFLICT SHALL NOTIFY THE SCHOOL BOARD OF SUCH CONFLICT IMMEDIATELY. THE SCHOOL BOARD MEMBER SHALL THEREAFTER COOPERATE WITH THE SCHOOL BOARD AS NECESSARY FOR THE SCHOOL BOARD TO MAKE ITS DETERMINATION. WHEN A CONFLICT OF INTEREST EXISTS WITH A BANK OR SAVINGS ASSOCIATION, THE CONFLICTED BOARD MEMBER MUST DISCLOSE THEIR INTEREST AND THE INTEREST MUST BE DOCUMENTED IN THE MINUTES. WHEN A CONFLICT OF INTEREST EXISTS RELATING TO A CONTRACT FOR WHICH COMPETITIVE BIDS ARE NOT REQUIRED BY LAW, THE SCHOOL BOARD MEMBER MUST FILE AN AFFIDAVIT CONTAINING THE MEMBER'S INTEREST AND THE CONTRACT TERMS WITH THE SCHOOL BOARD CLERK, AND THE SCHOOL BOARD MUST AUTHORIZE THE CONTRACT IN ADVANCE OF ITS PERFORMANCE DETERMINING THAT THE PRICE IS APPROPRIATE. THE SCHOOL BOARD MUST UNANIMOUSLY APPROVE INTERESTED CONTRACTS WHEN THEY RELATE TO BANKS/SAVINGS ASSOCIATIONS, THE DESIGNATION OF AN OFFICIAL NEWSPAPER, OR PUBLICATION OF OFFICIAL MATTERS, CONTRACTS WITH A COOPERATIVE ASSOCIATION OF WHICH THE MEMBER IS A SHAREHOLDER BUT NOT A MANAGER OR OFFICER, CONTRACTS FOR WHICH COMPETITIVE BIDS ARE NOT REQUIRED BY LAW, CONTRACTS TO RENT SPACE IN A PUBLIC FACILITY TO THE SCHOOL. THE SCHOOL BOARD MUST APPROVE INSTERESTED CONTRACTS BY A MAJORITY WHEN ALL MEMBERS ARE PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND USES MARKET RATE ANALYSIS TO DETERMINE THE COMPENSATION. THE EXECUTIVE DIRECTOR USES THE STARTING PAY SCALE BASED ON NUMBER OF YEARS OF EXPERIENCE IN THE CLASSROOM TO DETERMINE THE SCHOOL TEACHERS' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 584,342. MANAGEMENT AND GENERAL EXPENSES 111,042. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 695,384. FOOD SERVICE: PROGRAM SERVICE EXPENSES 147,488. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 147,488. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 183,773. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 183,773. FORM 990, PART XI, LINE 9: GASB 68 - PENSION ADJUSTMENT 580,544. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. FRIENDS OF ASPEN ACADEMY 14825 ZINRAN AVENUE SAVAGE MN 55378 474706161 SCHOOL BUILDING MN 501(C)(3) LINE 12A, I ASPEN ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 FRIENDS OF ASPEN ACADEMY K 1344603 LEASE AGREEMENT