2025-03-21T16:00:10-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 020574622 NEW CENTURY ACADEMY NEWC 3202343660 950 SCHOOL ROAD SW HUTCHINSON MN 55350 JASON BECKER SCHOOL DIRECTOR 3202343660 2025-03-20 1 0 ANN NEIL P01817922 6123764500 2025-03-20 2023 2025-03-06 01:10:19Z JASON BECKER 950 SCHOOL ROAD SW HUTCHINSON MN 55350 2167228 0 X WWW.NEWCENTURYACADEMY.COM X 2002 MN TO ENGAGE STUDENTS IN CRITICAL THINKING AND TEAMWORK THAT EMPOWERS THEM TO LIFE-LONG LEARNING. 5 4 31 4 0 0 2193236 2092964 20685 53088 1532 2164 0 19012 2215453 2167228 0 0 0 0 1169498 1080687 0 0 0 1169508 1297726 2339006 2378413 -123553 -211185 1262578 1072459 1627462 1577930 -364884 -505471 TO ENGAGE STUDENTS IN CRITICAL THINKING AND TEAMWORK THAT EMPOWERS THEM TO LIFE-LONG LEARNING AND GLOBAL CITIZENSHIP. 0 0 1940926 0 1074 GENERAL EDUCATION: NEW CENTURY HAS BUILT A STRONG CORE ACADEMIC PROGRAM, ELECTIVE COURSES FOR STUDENTS TO EXPLORE, AND PROJECT-BASED OPPORTUNITIES TO HELP KIDS BEGIN DISCOVERING THEIR PASSIONS AND DREAMS. WE ARE FOCUSED ON LEARNING FIRST, GROWING EVERY DAY, AND PREPARING GLOBAL CITIZENS FOR AN EVER-CHANGING 21ST CENTURY. NEW CENTURY IS A PLACE WHERE EXPECTATIONS ARE HIGH AND LEARNING IS EXCITING! AVERAGE DAILY MEMBERSHIP WAS APPROXIMATELY 103 STUDENTS FOR THE YEAR ENDED JUNE 30, 2024. 92876 0 0 FOOD SERVICE: NEW CENTURY OFFERS ALL STUDENTS A HOT LUNCH EACH DAY. THE SCHOOL PARTICIPATES IN THE NATIONAL LUNCH PROGRAM. 2033802 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X X JASON BECKER 3202343660 950 SCHOOL RD SW HUTCHINSON MN 55350 KELSEY DOLGE VICE CHAIR/TEACHER 42.00 X X 45958 0 3845 KATHY PRELLWITZ CHAIR 6.00 X X 0 0 0 TRACI SHUTZ SECRETARY 2.00 X X 0 0 0 HEATHER FINNELL MEMBER 2.00 X 0 0 0 TINA MYLLYKANGAS MEMBER 1.00 X 0 0 0 JASON BECKER EXECUTIVE DIRECTOR 40.00 5.00 X 104464 0 9880 150422 0 13725 1 0 0 0 LABRAATEN BUS COMPANY 16506 MN HWY 15 HUTCHINSON MN 55350 STUDENT TRANSPORTATION 318144 1 2089654 3310 2092964 FOOD SERVICE 611710 52014 52014 STUDENT ACTIVITIES 611710 1074 1074 53088 2164 2164 MISCELLANEOUS REVENUE 900099 19012 19012 19012 2167228 1074 0 73190 X 162791 49832 112959 734250 684426 49824 61609 56861 4748 27885 23586 4299 94152 80932 13220 241855 128809 113046 138262 115817 22445 405929 405928 1 324400 324400 681 681 973 973 17806 15097 2709 34722 34722 SPECIAL EDUCATION EXPEN 93612 93612 DUES, MEMBERSHIPS, LICE 24039 2679 21360 REPAIRS AND MAINTANENCE 15447 15447 2378413 2033802 344611 0 418346 498219 349479 21410 151203 45488 80408 250225 136746 83411 113479 344444 229150 1262578 1072459 194824 333451 1432638 1244479 1627462 1577930 X -436566 -609010 71682 103539 0 0 -364884 -505471 1262578 1072459 X -211185 -652 71250 X X 0 1 X 1 0 X 117859 36806 81053 120158 96888 23270 12208 3052 9156 113479 DEFERRED PENSION OUTFLOWS 229150 229150 PENSION LIABILITY PAYABLE 1019200 DEFERRED PENSION INFLOWS 215578 LEASE LIABILITY 9701 1244479 2542228 375000 375000 2167228 0 2167228 2782502 421895 421895 2360607 17806 17806 2378413 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF AFFILIATE REPORTED ON A SEPARATE RETURN 375,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PAYMENTS ON LONG-TERM LEASES 2,028. CAPITALIZED EXPENDITURES 47,874. DEBT SERVICE PRINCIPAL 84,500. EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 287,493. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 15,364. AMORTIZATION EXPENSE 2,442. 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 SCHOOL'S NONDISCRIMINATION POLICY IS POSTED AT ITS FACILITIES, POSTED ON ITS WEBSITE, AND PRINTED IN THE ENROLLMENT APPLICATION AND BROCHURE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S MEMBERSHIP CONSISTS OF COMMUNITY MEMBERS, PARENTS/GUARDIANS OF ENROLLED STUDENTS, AND ALL STAFF MEMBERS EMPLOYED BY THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S BOARD IS ELECTED AT THE ANNUAL MEETING BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL DIRECTOR AND BUSINESS MANAGER REVIEW THE 990 IN DETAIL. THE 990 IS PRESENTED TO THE NCA BOARD PRIOR TO THE TIME IT IS FILED WITH TIME FOR A DETAILED REVIEW AS WELL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS AND KEY EMPLOYEES COMPLETE A FULL DISCLOSURE WHICH INCLUDES THE MEMBER, SPOUSE, AND CLOSE RELATIVES FOR POTENTIAL CONFLICTS OF INTEREST. THE SCHOOL DIRECTOR OR THE BOARD OF DIRECTORS REVIEW POTENTIAL CONFLICTS TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. IF A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST, THEY DO NOT VOTE ON THAT MATTER. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES THE COMPENSATION OF THE SCHOOL DIRECTOR AND ALL OTHER EMPLOYEES AS PART OF THE ANNUAL BUDGET PROCESS, GENERALLY A FLAT PERCENT AMONG ALL STAFF. AS PART OF THIS PROCESS, THE SCHOOL DIRECTOR MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS BASED ON ANNUAL PERFORMANCE REVIEWS OF OTHER EMPLOYEES. THE SCHOOL DIRECTOR ALSO COMPARES STAFF COMPENSATION WITH OTHER MINNESOTA CHARTER SCHOOLS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN THE SCHOOL OFFICE UPON REQUEST AND THEY CAN ALSO BE FOUND ON THE SCHOOL'S WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 128,809. MANAGEMENT AND GENERAL EXPENSES 113,046. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 241,855. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 70,837. CHANGE IN ACCRUED INTEREST 413. FORM 990, PART XII, LINE 1: EXPLANATION FOR METHOD OF ACCOUNTING THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE 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. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. NEW CENTURY ACADEMY AFFLIATED BUILDING COMPANY 1000 5TH AVE SE HUTCHINSON MN 55350 822037266 BUILDING OPERATION MN 501(C)(3) LINE 12A, I NEW CENTURY ACADEMY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 NEW CENTURY ACADEMY AFFILIATED BUILDING COMPANY K 375000 BOOK VALUE