2024-02-14T15:03:25-06:00 2023-08-31 411489071 SMITH SCHAFER & ASSOCIATES LTD 7500 HIGHWAY 55 SUITE 350 MINNEAPOLIS MN 55427 990 2022-09-01 411265355 BESTPREP BEST 7633980090 7100 NORTHLAND CIRCLE N 306 BROOKLYN PARK MN 554281500 ROBERT H KAITZ PRESIDENT & CEO 7633980090 2024-01-30 ROBERT KAITZ 999009999 1 NATHAN AGRE CPA P01252840 9529201455 2024-01-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT H KAITZ 7100 NORTHLAND CIRCLE N 306 BROOKLYN PARK MN 554281500 2661953 0 X WWW.BESTPREP.ORG X 1976 MN TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS. 58 58 34 5000 0 0 2887345 2517262 18356 29066 3694 30380 -434144 -142353 2475251 2434355 0 0 0 0 1504216 1585888 0 0 166147 522139 569437 2026355 2155325 448896 279030 1818890 2201742 182872 285595 1636018 1916147 X TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS THROUGH EXPERIENCES THAT INSPIRE SUCCESS IN WORK AND LIFE. 0 0 464686 EMENTORS EMPOWERS STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED FOR SUCCESS IN SCHOOL, CAREER, AND LIFE THROUGH WEEKLY ONE-ON-ONE EMAIL EXCHANGES WITH VOLUNTEER BUSINESS MENTORS. THE PROGRAM EMPHASIZES MOTIVATION, WORKPLACE SKILLS AND CAREER EXPLORATION. THE PROGRAM ALSO OFFERS VERSIONS FOCUSED ON STEM AND FINANCIAL LITERACY AND A CUSTOMIZED VERSION FOR AVID CLASSES. 3,363 STUDENTS WERE MENTORED IN 2022-2023. 509721 29066 MINNESOTA BUSINESS VENTURE IGNITES STUDENTS' PASSION TO ACHIEVE SUCCESS AND DEVELOP CAREER ASPIRATIONS IN A WEEK-LONG BUSINESS AND CAREER DEVELOPMENT CAMP ON A COLLEGE CAMPUS. THE PROGRAM BRINGS TOGETHER HIGH SCHOOL STUDENTS FROM ACROSS THE STATE TO WORK WITH BUSINESS LEADERS AND LEARN ABOUT CAREER PATHS AND FINANCIAL LITERACY. IN 2023, 279 STUDENTS ATTENDED, INCLUDING 47% FROM LOW-INCOME HOUSEHOLDS AND 73% STUDENTS OF COLOR. 302602 CLOUD COACH STRENGTHENS STUDENT MOTIVATION TO SUCCEED IN SCHOOL AND BEYOND THROUGH EMAIL MENTORING. CLOUD COACH PAIRS A SCHOOL'S ENTIRE NINTH GRADE CLASS WITH MENTORS FROM THE BUSINESS COMMUNITY. WITH THE MANTRA "THINK FORWARD/ACT NOW", CLOUD COACH ENCOURAGES STUDENTS TO CONSIDER FUTURE ASPIRATIONS AND IDENTIFY STEPS TO TAKE NOW TO ACHIEVE GOALS. IN 2022-2023, 2,026 FROM SEVEN SCHOOLS PARTICIPATED. 124154 CLASSROOM PLUS INSPIRES STUDENTS TO CREATE A VISION FOR THE FUTURE THROUGH CAREER EXPLORATION VIA CLASSROOM SPEAKERS, CORPORATE?CAREER DAYS, AND MOCK INTERVIEWS. PRESENTATION TOPICS INCLUDE LEADERSHIP, TEAMWORK, AND INTERVIEW SKILLS. 7,046 STUDENTS WERE SERVED IN 2022-2023. 108789 FINANCIAL MATTERS MOTIVATES STUDENTS TO MAKE SOUND MONEY MANAGEMENT DECISIONS AND BECOME FINANCIALLY SAVVY. INDUSTRY PROFESSIONALS DELIVER CLASSROOM PRESENTATIONS ON FINANCIAL TOPICS ENHANCED WITH PERSONAL STORIES FROM THEIR OWN JOURNEY. TOPICS INCLUDE MONEY, BUDGETING, CREDIT, INVESTING, AND TAX. DURING 2022-23, 3,413 STUDENTS PARTICIPATED. 177294 THE STOCK MARKET GAME TEACHES STUDENTS ABOUT ECONOMICS, INVESTING, AND THE IMPORTANCE OF A LONG-TERM SAVINGS STRATEGY. STUDENT TEAMS INVEST HYPOTHETICAL FUNDS IN COMMON STOCKS AND MUTUAL FUNDS. IT IS A NATIONAL PROGRAM ADMINISTERED BY THE SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION. 13,047 STUDENTS PARTICIPATED IN 2022-2023. 149163 THE TECHNOLOGY INTEGRATION WORKSHOP (TIW) EMPOWERS EDUCATORS WITH TECHNOLOGY TOOLS AND BUSINESS EXPERIENCE DURING THIS SUMMER PROFESSIONAL DEVELOPMENT OPPORTUNITY ATTENDEES USE NEW TECHNOLOGY TO UPDATE THEIR CURRICULUM. TEACHERS PARTICIPATE IN A CORPORATE JOB SHADOW TO PREPARE STUDENTS WITH THE SKILLS NEEDED IN TODAY'S WORKPLACE. IN 2023-2023, 57 EDUCATORS FROM 36 SCHOOLS PARTICIPATED. THE PROGRAM ALSO HAD 92 VOLUNTEERS AT 95 ENGAGEMENTS WHO CONTRIBUTED 471 HOURS OF VOLUNTEER HOURS OF SUPPORT. THE TECHNOLOGY INTEGRATION WORKSHOP CONCLUDED ITS FINAL PROGRAM THIS SUMMER. DURING THE PROGRAM'S 20 YEARS, MORE THAN 1,500 EDUCATORS LEARNED HOW EXISTING AND EMERGING EDUCATIONAL TECHNOLOGIES CAN ENHANCE LESSON EFFECTIVENESS AND STUDENT ENGAGEMENT. THEY ALSO LEARNED WHAT EMPLOYERS ARE LOOKING FOR IN EMPLOYEES THROUGH A JOB SHADOW AND NETWORKED WITH FELLOW TEACHERS THROUGHOUT THE STATE. 559400 1836409 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 34 1 0 0 0 0 0 0 0 0 0 0 X 58 58 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X JOHN R SCHULTE 7633980090 7100 NORTHLAND CIRCLE NORTH 306 BROOKLYN PARK MN 55428 ASHLEY ERICKSON BOARD MEMBER 0.50 X 0 0 0 KRISTY BECKMAN BOARD MEMBER 0.50 X 0 0 0 BRIAN BOARDMAN BOARD MEMBER 0.50 X 0 0 0 JAMES BOUCHER BOARD MEMBER 0.50 X 0 0 0 KIM BOYLTON SECRETARY 2.00 X X 0 0 0 CHASE BRAKKE BOARD MEMBER 0.50 X 0 0 0 DEAN BREUER BOARD MEMBER 0.50 X 0 0 0 ANDY DARVELL BOARD MEMBER 0.50 X 0 0 0 RHONDA DEAN BOARD MEMBER 0.50 X 0 0 0 JOANNA EHRESMAN CHAIR 2.00 X X 0 0 0 ANITA GOEBEL TREASURER 2.00 X X 0 0 0 ANDY HENNING BOARD MEMBER 0.50 X 0 0 0 DAN HOGAN BOARD MEMBER 0.50 X 0 0 0 KIM HULTGREN BOARD MEMBER 0.50 X 0 0 0 DON JOHNSON BOARD MEMBER 0.50 X 0 0 0 KESHIA JONES BOARD MEMBER 0.50 X 0 0 0 GRETA KOEHLER BOARD MEMBER 0.50 X 0 0 0 PAUL LANGLOIS BOARD MEMBER 0.50 X 0 0 0 STEVE LEAR BOARD MEMBER 0.50 X 0 0 0 MIKE LEBENS BOARD MEMBER 0.50 X 0 0 0 BETSY LULFS BOARD MEMBER 0.50 X 0 0 0 DOUGLAS MARTIN BOARD MEMBER 0.50 X 0 0 0 JEFF MUNNEKE BOARD MEMBER 0.50 X 0 0 0 AMANDA MUNOZ BOARD MEMBER 0.50 X 0 0 0 MARC OLSON VICE CHAIR 2.00 X X 0 0 0 JAMES PATE BOARD MEMBER 0.50 X 0 0 0 JASON PLANK BOARD MEMBER 0.50 X 0 0 0 BRYAN POLLEY BOARD MEMBER 0.50 X 0 0 0 SCOTT MORRIS BOARD MEMBER 0.50 X 0 0 0 JAY ROBINSON BOARD MEMBER 0.50 X 0 0 0 JAMES REDELSHEIMER BOARD MEMBER 0.50 X 0 0 0 JESSE ROSS BOARD MEMBER 0.50 X 0 0 0 LIZA SAYRE BOARD MEMBER 0.50 X 0 0 0 MICHAEL REMINGTON BOARD MEMBER 0.50 X 0 0 0 CASEY SCHOEN BOARD MEMBER 0.50 X 0 0 0 JARED SHASKY BOARD MEMBER 0.50 X 0 0 0 MAGGIE SNETTING BOARD MEMBER 0.50 X 0 0 0 ANDY TATE BOARD MEMBER 0.50 X 0 0 0 ROZ TSAI BOARD MEMBER 0.50 X 0 0 0 COLE TURNBOW BOARD MEMBER 0.50 X 0 0 0 SARAH VANDENBERG BOARD MEMBER 0.50 X 0 0 0 JOHN WAGNER BOARD MEMBER 0.50 X 0 0 0 STEVE WEITZ BOARD MEMBER 0.50 X 0 0 0 BRIDGET SWENSON BOARD MEMBER 0.50 X 0 0 0 BRAD ZASTOUPIL BOARD MEMBER 0.50 X 0 0 0 MATT KASSERA BOARD MEMBER 0.50 X 0 0 0 MIKE FISHER BOARD MEMBER 0.50 X 0 0 0 JILL GIEFER BOARD MEMBER 0.50 X 0 0 0 JEREMY GOGOS BOARD MEMBER 0.50 X 0 0 0 JEFF GONSALES BOARD MEMBER 0.50 X 0 0 0 WHITNEY-LEHR KOENING BOARD MEMBER 0.50 X 0 0 0 CASEY MERKWAN BOARD MEMBER 0.50 X 0 0 0 KIRK MORRIS BOARD MEMBER 0.50 X 0 0 0 MATT MOSHER BOARD MEMBER 0.50 X 0 0 0 GEORGE OMAE BOARD MEMBER 0.50 X 0 0 0 DAWN PRUITT BOARD MEMBER 0.50 X 0 0 0 CHANEL RIVERS BOARD MEMBER 0.50 X 0 0 0 RASHMI VASHISHT BOARD MEMBER 0.50 X 0 0 0 BONNIE VAGASKY VP EXTERNAL RELATIONS 50.00 X 112152 0 0 ROBERT KAITZ PRESIDENT & CEO 50.00 X X 255822 0 0 JOHN SCHULTE VP FINANCE & TECHNOLOGY 50.00 X 99090 0 0 467064 0 0 2 0 1 0 0 382125 2135137 563 2517262 TEACHER AND STUDENT FEES 611710 29066 29066 29066 30380 30380 85245 382125 227598 -142353 -142353 2434355 29066 0 -111973 467064 303592 46706 116766 925192 872948 37679 14565 94262 79645 6157 8460 99370 84367 5992 9011 36816 9357 26658 801 22041 20263 665 1113 40998 36425 1709 2864 53160 46632 2438 4090 58810 52005 2066 4739 28718 23348 3504 1866 17661 5219 12363 79 485 485 10827 7006 3156 665 7808 4458 2927 423 CAMPUS EXPENSES 217023 217023 PROGRAM DELIVERIES 67611 67611 MISCELLANEOUS 3772 3382 95 295 EQUIPMENT MAINTENANCE 3144 2729 156 259 563 399 13 151 2155325 1836409 152769 166147 7955 115259 1567320 1911680 7500 183450 50250 46265 47226 138486 119503 6400 18983 0 58344 1818890 2201742 140372 165558 42500 48000 0 72037 182872 285595 X 1273608 1299037 362410 617110 1636018 1916147 1818890 2201742 X 279030 1099 X 0 1 X 1 0 X 1619637 2205335 1724050 2154521 2135137 9838680 1619637 2205335 1724050 2154521 2135137 9838680 1017500 8821180 17086 13578 7597 3694 30380 72335 9911015 108714 0.89000 0.90510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138486 119503 18983 18983 CURRENT PORTION OF OPERATING LEASE LIABILITY 49074 CURRENT PORTION OF FINANCE LEASE LIABILITY 3500 OPERATING LEASE LIABILITY, NET OF CURRENT PORTION 7118 FINANCE LEASE LIABILITY, NET OF CURRENT PORTION 12345 72037 X 2434355 0 2434355 0 2434355 2155325 0 2155325 0 2155325 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION DOES NOT PAY FEDERAL INCOME TAX. THEREFORE NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ANNUAL LUNCHEON 85875 67755 18120 2500 1249 3750 22030 1105 25412 EDUCATIONAL FORUM 381495 314370 67125 2500 3082 7692 58305 3500 96473 1 467370 382125 85245 5000 4331 11442 80335 4605 121885 227598 -142353 1 X X X X X 0 0 0 0 0 0 0 0 0 ROBERT KAITZ PRESIDENT & CEO 255822 0 0 0 0 0 0 0 0 0 255822 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE DIRECTORS OF THE CORPORATION ARE THE ONLY VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A A NEW DIRECTOR MAY BE ELECTED TO FILL ANY VACANCY IN THE BOARD OF DIRECTORS AT ANY ANNUAL OR SPECIAL MEETING OF THE BOARD BY A MAJORITY VOTE OF ALL DIRECTORS THEN IN OFFICE. FORM 990, PART VI, SECTION A, LINE 7B EACH DIRECTOR HAS ONE VOTE UPON ALL DECISIONS PRESENTED FOR ACTION AT ANY MEETING OF THE BOARD. A MAJORITY DECIDES ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS SIGN CONFLICT OF INTEREST DISCLOSURES ANNUALLY AND ANY ABSTENTIONS FROM VOTING DUE TO CONFLICTS OF INTEREST ARE NOTED IN THE BOARD/COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES HAVE ANNUAL PERFORMANCE REVIEWS AND APPRAISALS. COMPENSATION RECOMMENDATIONS ARE MADE BY THE TREASURER AND CEO BASED ON THE FOLLOWING COMPARABLES: GUIDESTAR, MINNESOTA NONPROFIT SALARY AND BENEFITS SURVEY, AND THE PAY SCALE SCHEDULE ESTABLISHED BY BESTPREP BASED ON MARKET RATES, MINIMUM AND MAXIMUM TENURE AND POSITION REQUIREMENTS. THE CEO AND HIS COMPENSATION PACKAGE ARE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ANY DOCUMENT IS AVAILABLE UPON REQUEST AND IS PROVIDED ON ORGANIZATION WEBSITE. FORM 990, PART XI, LINE 9: PRIOR PERIOD OPERATING LEASE RESTATEMENT 1,099.