2024-05-14T15:17:22-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 823472551 ROCHESTER MSA BUILDING COMPANY ROCH 5072525995 415 16TH ST SW ROCHESTER MN 55902 ABDIFITAH SHEKH EXECUTIVE DIRECTOR 5072525995 2024-05-14 1 ABDIFITAH SHEKH 999009999 0 ANN NEIL P01817922 6123764500 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ABDIFITAH SHEKH 415 16TH ST SW ROCHESTER MN 55902 1226210 0 X N/A X 2017 MN MANAGE BUILDING AND LEASE TO IT'S BENEFICIARY ORGANIZATIONS ROCHESTER MATH AND SCIENCE ACADEMY AND ROCHESTER STEM ACADEMY. 3 1 0 1 0 0 0 0 1543022 1179579 535 29832 0 16799 1543557 1226210 0 0 0 0 0 0 0 0 0 2024454 1629572 2024454 1629572 -480897 -403362 21430981 20575663 22553220 22097589 -1122239 -1521926 MANAGE BUILDING AND LEASE TO IT'S BENEFICIARY ORGANIZATIONS ROCHESTER MATH AND SCIENCE ACADEMY AND ROCHESTER STEM ACADEMY. 0 0 1215664 0 1179579 ROCHESTER MSA BUILDING COMPANY PROVIDES A FACILITY FOR LEASE TO ROCHESTER MATH AND SCIENCE ACADEMY AND ROCHESTER STEM ACADEMY. 1215664 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 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 3 1 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 0 0 0 MN X ABDIFITAH SHEKH 5072525995 415 16TH ST SW ROCHESTER MN 55902 AHMED ELMI BOARD CHAIR 1.00 1.00 X X 0 0 0 ALI JARAS SECRETARY 1.00 41.00 X X 0 64336 5427 ABDULKADIR ABDALLA TREASURER 1.00 40.00 X X 0 135000 11396 ABDIFITAH SHEKH EXECUTIVE DIRECTOR 1.00 40.00 X 0 105992 41707 0 305328 58530 0 0 0 0 FREDRICKSON & BRYON 60 SOUTH SIXTH ST STE 1500 MINNEAPOLIS MN 554024400 LEGAL SERVICES 198757 1 RENTAL INCOME 532000 1179579 1179579 1179579 29832 29832 MISCELLANEOUS 900099 16799 16799 16799 1226210 1179579 0 46631 8158 8158 405453 405453 297 297 799138 799138 416526 416526 1629572 1215664 413908 0 19895 0 1287560 1078665 121771 0 14301896 1548957 13132775 12752939 6868980 6744059 21430981 20575663 306056 6938 15490000 15509542 6757164 6581109 22553220 22097589 X 0 -33574 215146 -1488352 -1337385 0 -1122239 -1521926 21430981 20575663 X -403362 3675 X X 0 1 X 1 1 1 X X 2 ROCHESTER MATH AND SCIENCE ACADEMY 870732808 2 1 0 0 ROCHESTER STEM ACADEMY 900642816 2 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1800000 1800000 12501896 1548957 10952939 12752939 LEASE RECEIVABLE 6744059 6744059 DEFERRED INFLOWS - LEASES 6517264 DUE TO RELATED ENTITY 63845 6581109 A CITY OF ROCHESTER 77158CAD3 2018-09-07 15555000 CONSTRUCTION/RENOVATIONS 0 0 0 A 310000 15555000 1287560 14265205 2235 2019 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF ROCHESTER MSA BUILDING COMPANY ARE ROCHESTER MATH AND SCIENCE ACADEMY AND ROCHESTER STEM ACADEMY, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION A, LINE 7B ANY ALTERATIONS OR AMENDMENTS TO THE BYLAWS ARE SUBJECT TO THE POWER OF THE MEMBERS OF THE CORPORATION TO ALTER OR REPEAL THESE BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B THIS ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM. ONCE THE FORM IS COMPLETED, IT IS GIVEN TO THE BUILDING COMPANY BOARD CHAIR FOR REVIEW BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE BOARD ALSO REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND MAKES CHANGES AS NECESSARY. NO MEMBER OF THE BOARD OF DIRECTORS OF THE COMPANY SHALL PARTICIPATE IN ANY DISCUSSION OR VOTE ON ANY MATTER IN WHICH HE OR SHE OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY HAS POTENTIAL CONFLICT OF INTEREST DUE TO HAVING MATERIAL ECONOMIC INVOLVEMENT REGARDING THE MATTER BEING DISCUSSED. WHEN SUCH A SITUATION PRESENTS ITSELF, THE DIRECTOR MUST ANNOUNCE HIS OR HER POTENTIAL CONFLICT, DISQUALIFY HIMSELF OR HERSELF, AND BE EXCUSED FROM THE MEETING UNTIL DISCUSSION IS OVER ON THE MATTER INVOLVED. THE PRESIDENT OF THE MEETING IS EXPECTED TO MAKE INQUIRY IF SUCH CONFLICT APPEARS TO EXIST AND THE BOARD MEMBER HAS NOT MADE IT KNOWN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ACCRUED INTEREST 3,675. FORM 990, PART XII, LINE 1: ROCHESTER MSA BUILDING COMPANY FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE 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. ROCHESTER MATH AND SCIENCE ACADEMY 415 16TH STREET SW ROCHESTER MN 55902 870732808 EDUCATIONAL SERVICES MN 501(C)(3) LINE 2 N/A 0 ROCHESTER STEM ACADEMY 415 16TH STREET SW ROCHESTER MN 55902 900642816 EDUCATIONAL SERVICES MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0