2024-05-10T01:25:46-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 100 EAST PARK AVE WATERLOO IA 50703 990 2022-07-01 200257761 TWIN CITIES ACADEMY TWIN 6512054797 690 BIRMINGHAM STREET ST PAUL MN 55106 BETSY LUETH PRINCIPAL/EXECUTIVE DIRECTOR 6512054797 2024-05-09 1 BETSY LUETH 999009999 0 MICHELLE HEKEL CPA P01440878 5157275700 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BETSY LUETH 690 BIRMINGHAM STREET ST PAUL MN 55106 9885649 0 X TWINCITIESACADEMY.ORG X 2003 MN TO ENSURE THAT ALL STUDENTS GRADUATE WITH THE SKILLS TO ACHIEVE IN COLLEGE, TO CONTRIBUTE POSITIVELY TO SOCIETY, AND TO BE ACCEPTING OF ALL PEOPLE. 7 4 125 10 0 0 9623370 9640738 117942 228980 0 958 3384 7182 9744696 9877858 2000 0 0 0 5833083 5783800 0 0 0 4033002 4091885 9868085 9875685 -123389 2173 7515955 6307709 8639639 7040547 -1123684 -732838 TO ENSURE THAT ALL STUDENTS GRADUATE WITH THE SKILLS TO ACHIEVE IN COLLEGE, TO CONTRIBUTE POSITIVELY TO SOCIETY, AND TO BE ACCEPTING OF ALL PEOPLE. 0 0 9073688 241742 TWIN CITIES ACADEMY PROVIDES A COMPREHENSIVE PROGRAM OF INSTRUCTION TO STUDENTS IN GRADES SIX THROUGH TWELVE. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, TWIN CITIES ACADEMY SERVED AN ESTIMATED 510 STUDENTS. 9073688 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 29 0 1 125 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 0 1 1 1 0 0 1 1 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 554314420 X ANDREW NG SECRETARY/TEACHER 40.00 X X 75677 0 16206 LISA DENNIS BOARD MEMBER/TEACHER 40.00 X 63612 0 14444 ERIN ENQUIST BOARD MEMBER/TEACHER 40.00 X 70178 0 14905 RICH HOLST BOARD CHAIR 1.00 X X 0 0 0 OFIR GERMANIC TREASURER 1.00 X X 0 0 0 TIM BECKEN BOARD MEMBER 1.00 X 0 0 0 ADAM GOODER BOARD MEMBER 1.00 X 0 0 0 BETSY LUETH PRINCIPAL/EXECUTIVE DIRECTOR 41.00 X 143819 0 21985 353286 0 67540 1 0 1 0 CENTERLINE CHARTER CORP 1870 RICE ST MAPLEWOOD MN 55113 STUDENT TRANSPORTATION 574342 GOSTAT TRANSPORTATION SERVICES 3550 LEXINGTON AVE N SUITE 205 SHOREVIEW MN 55126 STUDENT TRANSPORTATION 211908 BERGANKDV OUTSOURCED SERVICES LLC 12100 MEREDITH DR STE 200 URBANDALE IA 50323 OUTSOURCED ACCOUNTING 103644 3 9629150 11588 9640738 EXP REIMB ATHLETICS 611710 106843 106843 FEES FROM PATRONS 611710 86145 86145 FOOD SALES TO PUPILS 611710 27330 27330 MEDICAL ASSISTANCE 611710 8662 8662 228980 958 0 958 958 958 2211 7791 -5580 -5580 MISC REVENUE 900099 12762 12762 12762 9877858 241742 0 -4622 X 384800 220348 164452 4154305 3969224 185081 331587 317704 13883 583220 570700 12520 329888 305112 24776 15262 15262 118653 118653 1925297 1780157 145140 145745 122714 23031 59402 34687 24715 1291440 1291440 15427 15427 256940 242157 14783 70913 51892 19021 INSTRUCTIONAL SUPPLIES 95742 95742 DUES & MEMBERSHIPS 43486 4656 38830 EQUIPT RENTAL & MAINT 27333 25483 1850 FIELD TRIPS 26245 26245 9875685 9073688 801997 0 X 1683468 1562798 1121541 1307205 149273 91043 2230357 1200792 1005439 1029565 3556234 2317098 7515955 6307709 786505 840883 8421 7844713 6199664 8639639 7040547 X -2072039 -1660680 948355 927842 0 0 -1123684 -732838 7515955 6307709 X 2173 388673 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 102134 27195 74939 2128223 1173597 954626 1029565 DUE FROM TCAABC 717898 DEFERRED OUTFLOWS - PENSION 1599200 2317098 NET PENSION LIABILITY 5261447 DEFERRED INFLOWS - PENSION 836493 CAPITAL LEASE PAYABLE 101724 6199664 X PART X, LINE 2: THE CHARTER SCHOOL IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE SECTION OF THE MINNESOTA INCOME TAX STATUTES. 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. 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 POSTED ON OUR WEBSITE. THE POLICY IS PRINTED ON THE APPLICATION WHICH IS HANDED TO ALL REGISTERING STUDENTS AND PROSPECTIVE STUDENTS. THE POLICY CAN BE FOUND IN OUR HANDBOOKS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 BETSY LUETH PRINCIPAL/EXECUTIVE DIRECTOR 143819 0 0 0 0 0 12228 0 9757 0 165804 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING BY THE ELIGIBLE VOTERS OF THE ACADEMY INCLUDING STAFF MEMBERS WHO ARE EMPLOYED BY THE ACADEMY, INCLUDING TEACHERS AND EXISTING DIRECTORS, AND PARENTS/LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B THE PRINCIPAL/EXECUTIVE DIRECTOR REVIEWED THE RETURN PRIOR TO SUBMISSION. A COPY WAS PROVIDED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C FOR THE ANNUAL AUDIT, EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST FORM WHICH IS REVIEWED BY THE BOARD TO ENSURE NO CONFLICTS EXIST. THESE FORMS ARE UPDATED ANNUALLY OR AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 EDUCATIONAL STAFF COMPENSATION IS DETERMINED BY A BOARD ADOPTED SALARY SCHEDULE. ALL OTHER EMPLOYEES COMPENSATION IS BASED ON MARKET VALUE AND PAST PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. ANDREW NG, LISA DENNIS AND ERIN ENQUIST ARE BOARD MEMBERS BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS TEACHERS. FORM 990, PART IX, LINE 11G MISCELLANEOUS CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 604,521. MANAGEMENT AND GENERAL EXPENSES 145,140. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 749,661. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 975,418. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 975,418. FOOD SERVICE: PROGRAM SERVICE EXPENSES 200,218. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,218. 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 388,673. TCAABC 690 BIRMINGHAM STREET ST PAUL MN 55106 472817284 RENTAL PROPERTY MN 501(C)(3) LINE 12A, I TWIN CITIES ACADEMY 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 TCAABC D 717898 CASH BALANCE TCAABC K 1110147 LEASE AGREEMENT