2024-02-05T10:24:36-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 811733895 GREAT MN SCHOOLS GREA 6123611309 729 N WASHINGTON AVE 6TH FLOOR MINNEAPOLIS MN 55401 JEN STERN CEO 6123611309 2024-01-15 1 JEN STERN 999009999 1 SARAH REICHLING P01587996 6123764500 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JEN STERN 729 N WASHINGTON AVE 6TH FLOOR MINNEAPOLIS MN 55401 5152626 0 X WWW.GREATMNSCHOOLS.ORG X 2016 MN MAKES STRATEGIC INVESTMENTS IN PROVEN AND PROMISING SCHOOLS, PROVIDING THE EXPERT GUIDANCE, FUNDING RESOURCES TO CREATE A COMMUNITY OF GREAT SCHOOLS. 14 14 10 45 0 0 3619198 5152588 0 0 62 38 0 0 3619260 5152626 1260954 609500 0 0 1510940 1617378 0 0 358539 1999119 2612255 4771013 4839133 -1151753 313493 411897 435285 789738 376633 -377841 58652 WE BELIEVE THAT GREAT SCHOOLS ARE THE CORNERSTONE OF A JUST AND THRIVING COMMUNITY. ENSURING THAT EVERY CHILD IS ABLE TO ATTEND A SCHOOL THAT WORKS IS OUR MORAL AND SOCIAL IMPERATIVE - OUR CHILDREN DESERVE NO LESS. 0 0 4132828 609500 0 GREAT MN SCHOOLS PARTNERS WITH PROMISING SCHOOLS GUIDING THEIR IMPROVEMENT AND GROWTH, STRENGTHENING STUDENTS' LEARNING EXPERIENCES, AND ADVANCING EDUCATIONAL OUTCOMES. WORKING WITH COMMUNITY-BASED PARTNERS, WE SUPPORT FAMILIES IN MAKING INFORMED DECISIONS ON ENROLLMENT AND ADVOCATING FOR THEIR CHILDREN WITHIN SCHOOLS. AND WE ENGAGE THE COMMUNITY AS PARTNERS, BUILDING SUPPORT FOR PROVEN SOLUTIONS. 4132828 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X FUTURE FOCUSED SOLUTIONS 3203095662 4957 VINCENT AVE S MINNEAPOLIS MN 55410 JENNIFER STERN EXECUTIVE DIRECTOR 40.00 X 268920 0 15178 SHEILAH KAVANEY PORTFOLIO DIRECTOR 40.00 X 141075 0 13322 KARN ENGELSGJERD SENIOR DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 136465 0 4094 MELISSA LONG DIRECTOR OF LITERACY 40.00 X 133935 0 4093 MORGAN BROWN DIRECTOR 40.00 X 129880 0 20036 OSMAN AHMED DIRECTOR OF COMMUNITY PARTNERSHIP 40.00 X 117125 0 15061 ALBERTO MONSERRATE CHAIR 4.00 X X 0 0 0 STAN ALLEYNE VICE CHAIR 1.00 X X 0 0 0 AL FAN TREASURER 2.00 X X 0 0 0 ROSITA BALCH DIRECTOR 1.00 X 0 0 0 BECKY ERDAHL DIRECTOR 1.00 X 0 0 0 SARAH CLYNE DIRECTOR 1.00 X 0 0 0 BERNADEIA JOHNSON DIRECTOR 1.00 X 0 0 0 JULIE BAKER DIRECTOR 1.00 X 0 0 0 SONDRA SAMUELS DIRECTOR 1.00 X 0 0 0 PHIL SORAN DIRECTOR 1.00 X 0 0 0 BEN WHITNEY DIRECTOR 1.00 X 0 0 0 HABON ABDULLE DIRECTOR 1.00 X 0 0 0 TAD PIPER DIRECTOR 1.00 X 0 0 0 ROB ALBRIGHT DIRECTOR 1.00 X 0 0 0 927400 0 71784 7 0 1 0 0 5152588 5152588 38 38 5152626 0 0 38 609500 609500 297588 119035 59518 119035 1121112 883236 83967 153909 33026 26066 2458 4502 70686 52576 6298 11812 94966 67426 9497 18043 1043 1043 51739 51739 25000 25000 178230 87507 80729 9994 254449 254449 19107 13566 1911 3630 13450 6725 6725 53730 38148 5373 10209 16409 11650 1641 3118 1422 1422 3620 2570 362 688 SCHOOL SUPPORT EXPENSES 1843940 1843940 COMMUNICATIONS SUPPORT 101941 71359 30582 EQUIPMENT 11789 8370 1179 2240 36386 11705 3322 21359 4839133 4132828 347766 358539 394288 392321 15770 22170 3005 2588 1839 417 0 20377 411897 435285 165905 95582 534000 260000 89833 21051 789738 376633 X -377841 58652 -377841 58652 411897 435285 X 313493 123000 X 0 1 X 1 0 X 2317994 3798770 4065443 3619198 5152588 18953993 2317994 3798770 4065443 3619198 5152588 18953993 18953993 125 62 38 225 46645 25619 72264 19026482 0.99620 0.99340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 46,645. 2019 AMOUNT: $ 25,619. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 25000 0 0 25000 0 PART II-B, LINE 1: THE LOBBYIST WAS SUPPORTING THE ADVANCEMENT OF GREAT MN SCHOOLS POLICY PRIORITIES, SPECIFICALLY LITERACY AND TEACHER LICENSURE. THE VAST MAJORITY OF THE LOBBYIST TIME WAS SPENT SUPPORTING THE CREATION AND PASSAGE OF THE READ ACT. 3005 2588 417 417 LEASE LIABILITY 21051 21051 X 5152626 0 5152626 0 5152626 4716133 0 4716133 123000 123000 4839133 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MINNESOTA. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. NO LIABILITY WAS RECOGNIZED BY THE ORGANIZATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE (IRS). PART XII, LINE 4B - OTHER ADJUSTMENTS: PY GRANTS RETURNED 123,000. 1 EDUCATION EVOLVING 2429 NICOLLET AVE MINNEAPOLIS MN 55404 473761921 501(C)(3) 35000 0 FISCAL YEAR 2023 INVESTMENT EDALLIES 1621 E HENNPIN AVE STE 295 MINNEAPOLIS MN 55414 352573057 501(C)(3) 30000 0 FISCAL YEAR 2023 INVESTMENT NATIONAL PARENTS UNION 388 PLEASANT ST STE 308 MALDEN MA 02148 834333274 501(C)(3) 30000 0 FISCAL YEAR 2023 INVESTMENT MACSA 40 S 7TH ST STE 212 MINNEAPOLIS MN 55402 815310441 501(C)(3) 20000 0 FISCAL YEAR 2023 INVESTMENT LITTLE EARTH RESIDENTS ASSOCIATION 2495 18TH AVE S MINNEAPOLIS MN 55404 363309894 501(C)(3) 10000 0 FISCAL YEAR 2023 INVESTMENT LEAD THE WAY MN 4001 STINSON BLVD NE STE 401 MINNEAPOLIS MN 55421 851669729 501(C)(3) 60000 0 FISCAL YEAR 2023 INVESTMENT WAY TO GROW 201 IRVING AVE N STE 100 MINNEAPOLIS MN 55405 710956749 501(C)(3) 35000 0 FISCAL YEAR 2023 INVESTMENT MN PARENT UNION 2288 UNIVERSITY AVE W STE 204 ST PAUL MN 55114 844704645 501(C)(3) 40000 0 FISCAL YEAR 2023 INVESTMENT PHYLLIS WHEATLEY COMMUNITY CENTER 1301 10TH AVE N MINNEAPOLIS MN 55411 410706132 501(C)(3) 20000 0 FISCAL YEAR 2023 INVESTMENT PILLSBURY UNITED COMMUNITIES 125 WEST BROADWAY AVE STE 130 MINNEAPOLIS MN 55411 410916478 501(C)(3) 15000 0 FISCAL YEAR 2023 INVESTMENT URBAN VENTURES ACADEMY 2924 4TH AVENUE ST MINNEAPOLIS MN 55408 363558710 501(C)(3) 30000 0 FISCAL YEAR 2023 INVESTMENT CENTRO TYRONE GUZMAN 1915 CHICAGO AVE S MINNEAPOLIS MN 55404 411290349 501(C)(3) 60000 0 FISCAL YEAR 2023 INVESTMENT CRISTO REY JESUIT HIGH SCHOOL 2924 4TH AVENUE ST MINNEAPOLIS MN 55408 204548714 501(C)(3) 100000 0 FISCAL YEAR 2023 INVESTMENT NEW CITY SCHOOL 1500 6TH ST NE MINNEAPOLIS MN 55413 412006469 501(C)(3) 19500 0 FISCAL YEAR 2023 INVESTMENT YOUR VOTE OUR FUTURE 407 33RD AVE N MINNEAPOLIS MN 55412 999999999 501(C)(3) 30000 0 FISCAL YEAR 2023 INVESTMENT AYADA LEADS MN 701 3RD ST N STE 105 MINNEAPOLIS MN 55401 474294816 501(C)(3) 25000 0 FISCAL YEAR 2023 INVESTMENT MN ZEJ ZOG 8940 29TH AVE N MINNEAPOLIS MN 55427 852514138 501(C)(3) 15000 0 FISCAL YEAR 2023 INVESTMENT EDUCATORS FOR EXCELLENCE - MN 80 PINE ST 28TH FLOOR NEW YORK NY 10005 273382030 501(C)(3) 30000 0 FISCAL YEAR 2023 INVESTMENT 18 0 PART I, LINE 2: PRIOR TO AN INVESTMENT BEING AWARDED TO A GRANTEE, GMS DOES DEEP DUE DILIGENCE, INCLUDING LEADERSHIP INTERVIEWS, SITE VISITS, FINANCIAL REVIEWS, MEETINGS WITH THE GOVERNANCE BOARDS, AND REVIEWS OF OPERATIONAL AND ACADEMIC PROCESSES AND RESULTS. EACH INVESTMENT AWARDED HAS A GRANT AGREEMENT THAT INCLUDES A SET OF MULTI-YEAR MILESTONES. SCHOOLS REPORT OUT ON THEIR MILESTONES PER THE TERMS OF THE GRANT AGREEMENT (AT LEAST ANNUALLY). GMS ALSO MEETS WITH THE SCHOOL LEADERSHIP ON A REGULAR BASIS, AND PROVIDES STRATEGIC GUIDANCE AS SUPPORT AS NEEDED, TO ENSURE THE SCHOOLS' ONGOING SUCCESS. FOR PLANNING GRANTS, GMS SUPPORTS THE SCHOOL IN A PLANNING PROCESS, INCLUDING REGULAR CHECK-INS. THE DELIVERABLE OF THOSE GRANTS IS A STRATEGIC GROWTH PLAN. ALL GRANTS / INVESTMENTS ARE APPROVED BY THE GMS BOARD. X X 0 0 0 0 0 0 0 0 0 JENNIFER STERN EXECUTIVE DIRECTOR 250400 0 18520 0 0 0 8068 0 7110 0 284098 0 0 0 SHEILAH KAVANEY PORTFOLIO DIRECTOR 138075 0 3000 0 0 0 4232 0 9090 0 154397 0 0 0 ALBERTO MONSERRATE BOARD CHAIR 12500 GREAT MN SCHOOLS PAID NEWPUBLICA, OWNED BY ALBERTO, FOR PRODUCTION AND PROMOTION SERVICES 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. ONLY OCCASIONALLY, THE BOARD MAY DESIGNATE DECISION MAKING TO COMMITTEES ON A SPECIFIC ISSUE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS FURNISHED TO EACH OFFICER, DIRECTOR, OR COMMITTEE MEMBER WHO IS PRESENTLY SERVING THE ORGANIZATION OR WHO MAY BECOME ASSOCIATED WITH THE ORGANIZATION. THIS POLICY SHALL BE CALLED TO THE ATTENTION OF THE BOARD OF DIRECTORS AT LEAST ANNUALLY AT A REGULAR MEETING, AND RECORDED IN THE MINUTES OF SUCH MEETING. IT IS THE POLICY OF GREAT MN SCHOOLS THAT ALL OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS SCRUPULOUSLY AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE INDIVIDUAL INTEREST AND THE INTERESTS OF THE ORGANIZATION IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE ORGANIZATION IN THEIR REPRESENTATIVE CAPACITIES. THIS IS OF PARTICULAR IMPORTANCE BECAUSE A NUMBER OF OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS MAYBE INDIVIDUAL FUNDERS OR REPRESENTATIVES OF ORGANIZATIONS THAT ARE SIGNIFICANT FUNDERS OF THE ORGANIZATION. GREAT MN SCHOOLS MAY ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST IF ANY OF THE FOLLOWING ARE TRUE: FAIRNESS AND REASONABLENESS: THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE TO THE ORGANIZATION WILL BE DETERMINED BY LOOKING TO THE TIME THE CONTRACT OR TRANSACTION WAS AUTHORIZED, APPROVED, OR RATIFIED. THE PARTY ASSERTING THE VALIDITY OF THE CONTRACT OR TRANSACTION HAS THE BURDEN OF ESTABLISHING THE CONTRACT OR TRANSACTION'S FAIRNESS AND REASONABLENESS TO THE ORGANIZATION. DISCLOSURE OF MATERIAL FACTS TO THE BOARD: THE MATERIAL FACTS ABOUT BOTH THE CONTRACT OR TRANSACTION AND A DIRECTOR'S INTEREST IN THE CONTRACT OR TRANSACTION ARE EITHER FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE. IN SUCH CASES, THE DIRECTOR MUST ACKNOWLEDGE THEIR CONFLICT AND ABSTAIN FROM THE BOARD VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO SALARY WAS DETERMINED BASED ON GUIDANCE FROM AN EXECUTIVE SEARCH FIRM, AND SET IN 2016. THE EXECUTIVE SEARCH FIRM LOOKED AT COMPARABILITY DATA, INCLUDING DATA FROM OTHER CITIES THAT HAVE SIMILAR ENTITIES. THE FIRST YEAR OF A SALARY INCREASE FOR THE CEO WAS ARTICULATED IN THE ORIGINAL EMPLOYMENT CONTRACT. THIS RAISE LAST OCCURRED IN 2020. COMPENSATION FOR THE CEO, AS WELL AS FOR THE OTHER MEMBERS OF THE TEAM, IS TIED TO PERFORMANCE ON THE ANNUAL EVALUATION PROCESS. EACH TEAM MEMBER SETS GOALS, AND THEIR COMPENSATION ADJUSTMENTS ARE TIED TO PERFORMANCE AGAINST THEIR GOALS, AS WELL AS PERFORMANCE AGAINST A SET OF VALUE DRIVEN BEHAVIORS. PERFORMANCE OF THE CEO IS TIED TO THE PERFORMANCE OF THE ORGANIZATION, AND ANNUAL GOALS ARE SET EACH YEAR. THE BOARD COLLECTIVELY REVIEWS CEO PERFORMANCE, BASED ON 1)ORGANIZATION PERFORMANCE AGAINST GOALS 2)BOARD SURVEY AND 3)STAFF SURVEY. PERFORMANCE ASSESSMENT HAPPENS IN OCTOBER OF EACH YEAR, AT THE BOARD MEETING, WITH SALARY ADJUSTMENT RETROACTIVE TO JULY1. THE CEO PERFORMANCE REVIEW IS THEN DELIVERED BY THE BOARD CHAIR, TO THE CEO IN A 1:1 DISCUSSION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023 FORM 990, PART VI, SECTION C, LINE 19 CONTACT INFO@GREATMNSCHOOLS.ORG TO GET ITEMS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9: PY GRANTS RETURNED 123,000.