2025-03-26T13:32:22-05:00 2024-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-07-01 471245811 SUCCESS ACADEMY SUCC 6128763050 8201 PARK AVENUE BLOOMINGTON MN 55420 AHMED HUDLE DIRECTOR OF OPERATIONS 6128763050 2025-03-10 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-03-10 2023 2025-03-06 01:10:19Z AHMED HUDLE 8201 PARK AVENUE BLOOMINGTON MN 55420 6115994 0 X WWW.SUCCESSACADEMYMN.ORG X 2015 MN THE MISSION OF SUCCESS ACADEMY IS TO PREPARE STUDENTS TO BECOME EXCELLENT QUESTIONERS, SCIENTIFIC THINKERS, AND RESPONSIBLE CITIZENS. 5 4 81 6 0 0 5531116 6095863 0 0 0 0 22074 20131 5553190 6115994 0 0 0 0 2402518 2965688 0 0 0 3217652 2884037 5620170 5849725 -66980 266269 6394830 6133713 5867100 5631049 527730 502664 THE MISSION OF SUCCESS ACADEMY IS TO PREPARE STUDENTS TO BECOME EXCELLENT QUESTIONERS, SCIENTIFIC THINKERS, AND RESPONSIBLE CITIZENS. 0 0 4358380 0 20131 DURING THE PREVIOUS YEAR, SUCCESS ACADEMY SERVED OVER 359 ADM - ITS LARGEST STATE ENROLLMENT TO DATE - AT TWO STIES IN BLOOMINGTON AND ST. CLOUD, MN. TEST RESULTS AND OTHER DEMOGRAPHIC AND STUDENT INFORMATION IS AVAILABLE ON THE MN DEPARTMENT OF EDUCATION WEBSITE. 635088 0 0 THE FOOD SERVICE PROGRAM CONTINUES TO GROW, SERVING FREE MEALS FOR ALL STUDENTS. 4993468 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 26 0 81 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MN X EDFINMN 6128763050 8201 PARK AVENUE BLOOMINGTON MN 55420 AHMED HUDLE DIRECTOR OF OPERATIONS 40.00 X 91302 0 11153 SARA ADEN MEMBER/ELL LEAD TEACHER 41.00 X 54758 0 5350 YUSUF ALI CHAIR 3.00 X X 0 0 0 ABDIRAHMAN HASSAN MEMBER 1.00 X 0 0 0 HAFSA MAHDI MEMBER 1.00 X 0 0 0 MUHYADIN OMAR MEMBER (TERMED 4/14/2024) 1.00 X 0 0 0 MUSTAF SHARIFF MEMBER 1.00 X 0 0 0 146060 0 16503 0 0 0 0 PRIDE TRANSPORTATION 45 IVY AVE W ST PAUL MN 55117 TRANSPORTATION 224670 1 6095863 6095863 20131 20131 20131 6115994 20131 0 0 X 201945 201945 2305745 1995957 309788 188983 163838 25145 82344 76174 6170 186671 150344 36327 101855 101855 848 848 90200 90200 751111 724418 26693 19887 7542 12345 407532 407532 20061 20061 528523 528523 37853 37853 SUPPLIES 801544 784884 16660 REPAIRS AND MAINTENANCE 84309 84309 DUES AND MEMBERSHIPS 28985 704 28281 11329 11329 5849725 4993468 856257 0 677300 1057282 985793 827236 103926 120591 325724 155549 184567 170175 4443244 3958429 6394830 6133713 456822 329107 7981 5410278 5293961 5867100 5631049 X 0 0 0 0 527730 502664 527730 502664 6394830 6133713 X 266269 -291335 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154250 110824 43426 171474 44725 126749 170175 NET COST OF RIGHT OF USE ASSETS 2770876 DEFERRED OUTFLOWS - PENSIONS 1187553 3958429 NET PENSION LIABILITY 2033862 DEFERRED INFLOWS - PENSIONS 165387 LEASE LIABILITY 3094712 5293961 X 6115994 0 6115994 0 6115994 5758170 9680 9680 5748490 101235 101235 5849725 PART X, LINE 2: THE SCHOOL IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE SCHOOL HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAPITAL OUTLAYS 9,680. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 24,072. AMORTIZATION EXPENSE 504,451. PRINCIPAL PAYMENTS ON LEASES -427,288. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BROCHURES ARE DISTRIBUTED TO PARENTS DURING REGISTRATION. SCHEDULE E, PART I, LINE 6 FEDERAL AND STATE AID FOR STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. AT EACH BOARD MEETING THE MEMBERS DECLARE ANY POTENTIAL CONFLICT OF INTEREST. ANNUALLY, A CONFLICT OF INTEREST CHECK IS DONE IN COORDINATION WITH THE AUDIT AND THE ANNUAL LEASE AID APPLICATION. NO BOARD MEMBER, EMPLOYEE, OFFICER, OR AGENT OF SUCCESS ACADEMY SHALL PARTICIPATE IN SELECTING, AWARDING, OR ADMINISTERING A CONTRACT IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR CONSULTED WITH THE SCHOOL'S AUTHORIZER, OTHER SCHOOLS AND THE SCHOOL'S CONTRACT CFO TO COMPARE LIKE SIZED AND STAFFED SCHOOLS TO DETERMINE APPROPRIATE COMPENSATION RANGES. BASED ON INDIVIDUAL PERFORMANCE AND EDUCATION, THE BOARD THEN EXTENDS A JOB OFFER TO THE LEADERSHIP TEAM AND REVIEWS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 BOARD POLICIES, BOARD MINUTES AND SELECTED FINANCIAL STATEMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE. THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 336,426. MANAGEMENT AND GENERAL EXPENSES 26,693. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 363,119. TRANSPORTATION CONTRACT FEES: PROGRAM SERVICE EXPENSES 387,992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,992. FORM 990, PART XI, LINE 9: CHANGE IN DEFERRED OUTFLOWS OF RESOURCES RELATED TO PENSIONS 19,636. CHANGE IN DEFERRED INFLOWS OF RESOURCES RELATED TO PENSIONS -32,282. CHANGE IN NET PENSION LIABILITY -278,689.