2025-02-27T09:02:02-06:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 833275267 Kalon Prep Academy KALO 3204608881 1877 Aga Drive 220 Alexandria MN 56308 Chris Kragenbring Executive Director 3204608881 2025-02-24 1 0 Steven D AnsethCPA P00552219 9528359090 2024-11-08 2023 2025-03-06 01:10:19Z Chris Kragenbring 1877 Aga Drive 220 Alexandria MN 56308 2510167 0 X www.kalonprep.org X 2021 MN To meet students where they are and guide them where they want to go. We will do so by listening, leading and launching them on a path to become the best versions of themselves. 6 4 34 8 0 0 1998268 2488184 8595 12097 0 3 13613 9883 2020476 2510167 0 0 0 0 1735161 1980481 0 0 0 688381 688982 2423542 2669463 -403066 -159296 1696255 1595805 1926566 1985412 -230311 -389607 To meet students where they are and guide them where they want to go.We will do so by listening, leading and launching them on a path to become the best versions of themselves. 0 0 2267143 12097 Kalon served approximately 130 students during the school year.The school continues to increase services for its students,exposing them to multiple after education opportunities. 2267143 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 0 0 0 1 10 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X EdFinMN 6124819634 2303 Wycliff St St Paul MN 55114 Molly Baune Board Chair 5.00 X X 0 0 0 Heather Netland Secretary/Teacher member 40.00 X X 80033 0 6939 Gene Olson Treasurer 2.00 X X 0 0 0 Brandee Baumann-Rustand Director 1.00 X 0 0 0 Kim Wixon Director/Teacher 40.00 X 47959 0 4127 Mary Becker Director 1.00 X 0 0 0 Chris Kragenbring Executive Director 40.00 X 109448 0 9310 237440 0 20376 1 0 0 0 0 2458571 29613 2488184 Other program revenue 900099 6904 6904 E-rate revenue 900099 4943 4943 Fees from patrons 900099 250 250 12097 3 3 Pension Revenue 900099 9883 9883 9883 2510167 12097 0 9886 277060 243451 33609 997744 877709 120035 590796 512072 78724 19776 19776 95105 84349 10756 173608 84043 89565 44398 37520 6878 40746 16726 24020 35758 35758 17597 16757 840 2663 2663 224632 222960 1672 14146 14146 Instructional Supplies 54300 54300 Food 33816 33816 Equipment 30390 30390 Dues and Memberships 14586 483 14103 2342 2342 2669463 2267143 402320 0 109808 183949 313285 426717 1056 7901 1157025 446685 908752 710340 363354 266898 1696255 1595805 193265 192753 145000 1588301 1792659 1926566 1985412 X -317643 -506510 87332 116903 -230311 -389607 1696255 1595805 -159296 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1022128 408852 613276 55264 21413 33851 79633 16420 63213 710340 Deferred Outflow-PERA 266898 266898 Lease Liability 619439 Net Pension Liability 1130281 Deferred Inflow-PERA 42939 1792659 X 2510167 0 2510167 0 2510167 2669463 0 2669463 0 2669463 Part X, Line 2: The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. 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, 2024. The Association's tax returns are subject to possible examination by the taxing authorities. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 During the enrollment process, parents are aware of the different policies implemented by the school by the presence in the enrollment form of a reference and/or link to the listed policies. Schedule E, Part I, Line 6 The Organization receives financial aid and assistance from the Minnesota Department of Education and the U.S. Department of Education. Form 990, Part VI, Section B, line 11b The form 990 is prepared by an independent accounting firm. EdFinMN and the Executive Director will review the form 990 and have it approved by the Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The School's conflict of interest policy covers directors, officers and employees with the power to influence actions undertaken. On-going disclosures of potential conflicts shall be reported to the school board to determine if a conflict exists. Transaction with conflicts of interest may be undertaken if the conflict is fully disclosed, the conflicted individual is excluded from the discussion and approval of the transaction, a competitive bid or comparable valuation exists, and the board has determined that the transaction is in the best interest of the school. All proceedings related to conflicts of interest will be documented in the meeting minutes. Form 990, Part VI, Section B, line 15a Board meets annually to discuss ED contract.ED does not attend the meeting Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request. The form 990 is also available on GuideStar.