2024-05-28T11:42:33-05:00 2023-08-31 871353108 EISNER ADVISORY GROUP LLC 2501 WAYZATA BLVD MINNEAPOLIS MN 55405 990 2022-09-01 410979871 GROVES ACADEMY GROV 9529206377 3200 HIGHWAY 100 SOUTH ST LOUIS PARK MN 55416 LAWRENCE GRAHAM OFFICER 9529206377 2024-05-28 1 LAWRENCE GRAHAM 999009999 0 DOUG KOSITKE P00643013 6123774404 2024-04-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GROVES LEARNING ORGANIZATION LAWRENCE GRAHAM 3200 HIGHWAY 100 SOUTH ST LOUIS PARK MN 55416 35354232 0 X WWW.GROVESACADEMY.ORG X 1971 MN WE BUILD CONFIDENCE, SUCCESS, AND PURPOSE THROUGH TRANSFORMATIVE LEARNING EXPERIENCES. 15 15 241 0 0 0 2127164 16217968 14823625 13942956 62286 2477365 0 0 17013075 32638289 1628780 1678196 0 0 10937992 11277326 50000 25200 970150 3319654 3397913 15936426 16378635 1076649 16259654 21306293 38093042 7893577 10255268 13412716 27837774 X OUR VISION IS TO REDEFINE THE WAY OUR NATION IS TAUGHT, ONE STUDENT, ONE TEACHER AND ONE EDUCATIONAL ORGANIZATION AT A TIME. GA IS AN EDUCATIONAL ORGANIZATION SERVING STUDENTS WITH STRONG ABILITY ALONG WITH DYSLEXIA, ADHD AND OTHER EXECUTIVE FUNCTIONING CHALLENGES. TO MEET THE NEEDS OF CHILDREN NOT ATTENDING GA EDUCATIONAL ORGANIZATION, GA EXPANDED ITS OFFERINGS BY CREATING THE LEARNING CENTER (LC) AT GROVES ACADEMY. THE LC SUPPORTS FAMILIES AND EDUCATIONAL ORGANIZATIONS IN THE COMMUNITY THROUGH THE DELIVERY OF SPECIALIZED SERVICES FOR STUDENTS DIAGNOSED WITH A RANGE OF LEARNING DISABILITIES. IN 2016, GA DETERMINED ITS NEXT EXPANSION WOULD BE TO BECOME A CATALYST FOR SYSTEMS CHANGE IN LITERACY INSTRUCTION. THE GROVES LITERACY PARTNERSHIP (GLP) (FORMERLY IPL) WAS ESTABLISHED TO SHARE GA'S PROVEN GROVES LITERACY FRAMEWORK WITH TEACHERS AND EDUCATIONAL ORGANIZATIONS IN THE COMMUNITY COMMITTED TO ENSURING THE CHILDREN THEY SERVE ARE GIVEN THE OPPORTUNITY TO REACH THEIR READING POTENTIAL. 0 0 8100975 1678196 9641571 GA'S EDUCATIONAL ORGANIZATION SERVES STUDENTS IN GRADES ONE-12 WITH DYSLEXIA, ADHD OR OTHER EXECUTIVE FUNCTIONING CHALLENGES. STUDENTS ARE GROUPED INTO SMALL CLASSES, METHODS AND MATERIALS ARE GEARED TOWARD INDIVIDUAL NEEDS, AND STUDENTS ARE ACTIVELY ENGAGED IN LEARNING THROUGH MULTI-SENSORY INSTRUCTION. ALL STUDENTS PARTICIPATE IN DAILY INSTRUCTION IN READING, SPELLING, WRITTEN EXPRESSION, MATH, SOCIAL STUDIES AND SCIENCE. ENRICHMENT OPTIONS INCLUDE PHYSICAL EDUCATION, ART, MUSIC AND PERFORMING ARTS. CURRICULUM IS EVIDENCE-BASED AND DESIGNED TO SUPPORT EACH STUDENT'S STRONG CAPABILTY TO LEARN WHILE PROVIDING FLEXIBILITY IN HOW THEY LEARN. A CORE COMPONENT OF THE CURRICULUM IS HOW STUDENTS LEARN TO READ. GA'S EDUCATIONAL ORGANIZATION SUCCESSFULLY INCORPORATES OVER 50 YEARS OF PROVEN ACADEMIC RESEARCH IN ITS LITERACY INSTRUCTION WITH ITS STUDENTS OFTEN GAINING OVER TWO YEARS OF READING GROWTH DURING THEIR FIRST YEAR OF INSTRUCTION. MANY STUDENTS RETURN SUCCESSFULLY TO MAINSTREAM EDUCATION AFTER THEY HAVE MADE SIGNIFICANT PROGRESS IN ACADEMICS, LEARNING STRATEGIES AND SELF-ADVOCACY WHILE AT GROVES. 2103336 2430467 THE LEARNING CENTER WORKS WITH BOTH GROVES FAMILIES AND THOSE IN THE COMMUNITY WHO BENEFIT FROM THE STAFFS' EXPERTISE IN DIAGNOSING AND SUPPORTING INDIVIDUALS WITH LEARNING CHALLENGES. SERVICES INCLUDE DIAGNOSTIC TESTING, TUTORING, SPEECH/LANGUAGE SERVICES AND SUMMER PROGRAMS. THE LEARNING CENTER IS ONE OF THE FEW RESOURCES IN THE TWIN CITIES THAT OFFERS ALL OF THESE SERVICES UNDER ONE ROOF, AND MANY OF THE LEARNING CENTER CLIENTS PARTICIPATE IN MORE THAN ONE SERVICE. 1672858 1870918 THE GOAL OF THE GROVES LITERACY PARTNERSHIP (GLP) (FORMERLY REFERRED TO AS THE INSTITUTE FOR PROFESSIONAL LEARNING) IS TO BROADEN AND DEEPEN THE REACH OF THE GROVES LITERACY FRAMEWORK THROUGH THE DELIVERY OF COMMUNITY-WIDE TEACHER TRAINING EMBEDDED IN EVIDENCE-BASED LITERACY INSTRUCTION AND CURRICULUM. THE GLP PARTNERS WITH PUBLIC DISTRICT/CHARTER AND CATHOLIC EDUCATIONAL ORGANIZATIONS IN THE TWIN CITIES METRO AREA. PARTNERSHIPS ARE DESIGNED TO LAST A MINIMUM OF THREE YEARS AS THE GLP STAFF TRAINS AND COACHES K-3 CLASSROOM TEACHERS TO IMPLEMENT THE FRAMEWORK WITH FIDELITY. SINCE ITS LAUNCH, THE GLP HAS REACHED OVER 5000 STUDENTS. 11877169 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 241 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X LAWRENCE GRAHAM 9522833303 3200 HIGHWAY 100 SOUTH ST LOUIS PARK MN 55416 X ADAM BRAUN SECRETARY 1.00 X X 0 0 0 TRAVIS HANSBERGER TRUSTEE 1.00 X 0 0 0 DAN DEIKEL TRUSTEE 1.00 X 0 0 0 TOM GROVER TRUSTEE 1.00 X 0 0 0 FRANKIE LENZMEIER TRUSTEE 1.00 X 0 0 0 CINDEE MCCARTHY TRUSTEE 1.00 X 0 0 0 ELLEN STEWART TRUSTEE 1.00 X 0 0 0 DAVID IVERSON CO-CHAIR 1.00 X X 0 0 0 PETER DANKWERTH TREASURER 1.00 X X 0 0 0 MEREDITH MCGUIRK TRUSTEE 1.00 X 0 0 0 SUSAN PERERA GOVERNANCE CHAIR 1.00 X X 0 0 0 RICK STEVSON TRUSTEE 1.00 X 0 0 0 DEBORAH SUNDAL TRUSTEE 1.00 X 0 0 0 SCOTT LANG CO-CHAIR 1.00 X X 0 0 0 G BRYAN FLEMING TRUSTEE 1.00 X 0 0 0 DAN MORGAN PRESIDENT 40.00 X 204809 0 14157 LAWRENCE GRAHAM DIRECTOR OF FINANCE 40.00 X 174117 0 14719 KATHARINE CAMPBELL DIRECTOR OF GLP 40.00 X 142792 0 9248 LINDA DOMHOLT DIRECTOR OF ADVANCEMENT 40.00 X 157899 0 7876 KIM PEEPLES HEAD OF EDUCATIONAL ORGANI 40.00 X 167457 0 16569 NANCY SEGRETI DIRECTOR OF GROWTH 40.00 X 159829 0 11672 1006903 0 74241 6 0 1 0 0 16217968 3289563 16217968 STUDENT TUITION AND FEES 611600 9641571 9641571 LEARNING CENTER 611710 2430467 2430467 GLP PROGRAM 611710 1870918 1870918 13942956 467286 467286 4726022 2714308 1635 2011714 -1635 2010079 2010079 32638289 13942956 0 2477365 1678196 1678196 9326820 6660107 2115890 550823 1263959 951565 256528 55866 686547 498841 147246 40460 25200 25200 34671 34671 459103 254507 204353 243 341673 234240 104005 3428 94669 77629 15904 1136 765447 627667 128595 9185 84393 25096 59297 TELEPHONE 10530 7519 2389 622 MISCELLANEOUS EXPENSE 660588 181069 349115 130404 PROGRAMMING COSTS 610607 610607 0 0 FUNDRAISING COSTS 150360 0 0 150360 185872 70126 113323 2423 16378635 11877169 3531316 970150 5043803 11218326 51550 6835071 575022 559633 20498288 8085983 9072006 12412305 6537744 6905057 26168 26168 0 136482 21306293 38093042 313136 1671175 3843725 3787175 3093531 4231424 643185 565494 7893577 10255268 X 11225529 15918425 2187187 11919349 13412716 27837774 21306293 38093042 16259654 -1834596 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2187187 148462 2335649 2446575 47332 -305720 1000 2187187 2034667 27966 383942 2446575 1956914 33287 144466 100000 2034667 1960402 50236 43776 97500 1956914 0 0 120000 120000 16015348 6517504 9497844 2744046 1447280 1296766 1618894 121199 1497695 12412305 ACCRUED LIABILITIES 185327 OPERATING LEASE LIABILITIES 136482 OTHER LIABILITIES 59748 REVENUE BOND PAYABLE - CURRENT 183937 565494 29090826 -1834596 -1834596 30925422 1712867 1712867 32638289 14665768 0 14665768 1712867 1712867 16378635 PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST REVENUE BANK FEES NETTED AGAINST INVESTMENT INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED AGAINST REVENUE BANK FEES NETTED AGAINST INVESTMENT INCOME FORM 990, PART X LINE 10B PROPERTY AND EQUIPMENT ARE DEPRECIATED USING THE STRAIGHT-LINE METHOD OVER THEIR ESTIMATED USEFUL LIVES RANGING FROM THREE TO FORTY YEARS. 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 ORGANIZATION PUBLICIZES ITS POLICY ON ITS WEBSITE AND ON PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 GROVES ACADEMY RECEIVES AID FROM THE STATE OF MINNESOTA THROUGH THE ISD #283 (ST LOUIS PARK). 1 ACCESS PHILANTHROPY 2100 STEVENS AVENUE MINNEAPOLIS MN 55404 FUNDRAISING CONSULTANT 0 0 25200 0 25200 0 SCHOLARSHIPS 88 1678196 CASH X X 0 0 0 0 0 0 0 0 0 DAN MORGAN PRESIDENT 204809 0 0 0 0 0 10227 0 3930 0 218966 0 0 0 LAWRENCE GRAHAM DIRECTOR OF FINANCE 174117 0 0 0 0 0 8609 0 6110 0 188836 0 0 0 KIM PEEPLES HEAD OF EDUCATIONAL ORGANI 167457 0 0 0 0 0 8315 0 8254 0 184026 0 0 0 NANCY SEGRETI DIRECTOR OF GROWTH 159829 0 0 0 0 0 7983 0 3689 0 171501 0 0 0 LINDA DOMHOLT DIRECTOR OF ADVANCEMENT 157899 0 0 0 0 0 2661 0 5215 0 165775 0 0 0 KATHARINE CAMPBELL DIRECTOR OF GLP 142792 0 0 0 0 0 7028 0 2220 0 152040 0 0 0 A CITY OF MAYER MINNESOTA (EDUCATIONAL FACILITIES REVENUE BONDS) 411444213 2021-09-23 6800000 FACILITY FINANCING AND REDEMPTION OF CITY OF MAYER BONDS 0 0 0 A 4572484 194856 2227516 2021 1 0 0 1 A 0 0 0 0 1 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 6 3271658 BASED ON QUOTED EXCH PR X OTHER 3 17905 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD FINANCE/AUDIT COMMITTEE WILL PROVIDE OVERSIGHT TO THE ANNUAL PREPARATION OF FORM 990. THIS COMMITTEE IS RESPONSIBLE TO PROVIDE PERIODIC REPORTS AND UPDATES TO THE BOARD OF TRUSTEES. PRIOR TO FILING FORM 990, EACH VOTING MEMBER OF THE BOARD OF TRUSTEES WILL BE PROVIDED A FULL COPY OF FORM 990 AND THE OPPORTUNITY TO COMMENT. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL COMPLETE, SIGN AND DELIVER TO THE CHAIR A CONFLICTS OF INTEREST POLICY STATEMENT AT THE TIME OF INITIAL ELECTION OR APPOINTMENT AND ANNUALLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND BENEFITS FOR THE PRESIDENT AND OTHER KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD. COMPENSATION LEVELS ARE DETERMINED AFTER CONSIDERING THE COMPETITIVE MARKET IN WHICH GROVES COMPETES FOR TALENT, THE INSTITUTION'S PROGRESS IN FULFILLING ITS MISSION, AND PERFORMANCE FEEDBACK GATHERED FROM THE COMMITTEE AND OTHER KEY CONSTITUENCIES. COMPENSATION DECISIONS FOR THE PRESIDENT ARE DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE. COMPENSATION DECISIONS FOR OTHER KEY EMPLOYEES ARE RECOMMENDED BY THE PRESIDENT AND REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT'S AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE CHARITIES DIVISION OF THE MINNESOTA ATTORNEY GENERAL'S OFFICE. PART 12;LINE 2C THE BUDGET AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 4562 GROVES ACADEMY, HEREBY ELECTS, PURSUANT TO IRC SEC. 168(K)(2)(D)(III), NOT TO CLAIM THE ADDITIONAL DEPRECIATION ALLOWABLE UNDER IRC SEC. 168(K) FOR THE FOLLOWING QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING AUGUST 31, 2023. ALL PROPERTY IN THE 3 YEAR CLASS ALL PROPERTY IN THE 5 YEAR CLASS ALL PROPERTY IN THE 10 YEAR CLASS ALL PROPERTY IN THE 20 YEAR CLASS SEE ATTACHED FORM 4562 FORM 4562 FOR THE YEAR ENDING AUGUST 31, 2023 GROVES ACADEMY IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).