2025-02-10T16:16:09-06:00 2024-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-07-01 411941981 NORTH LAKES ACADEMY NORT 6519822688 308 15TH STREET SW FOREST LAKE MN 55025 CECELIA DODGE EXECUTIVE DIRECTOR 6519822688 2025-02-08 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-02-08 2023 2025-03-06 01:10:19Z X X CECELIA DODGE 308 15TH STREET SW FOREST LAKE MN 55025 8157374 0 X WWW.NORTHLAKESACADEMY.ORG X 1999 MN PUBLIC CHARTER SCHOOL - K-12 EDUCATIONAL SERVICES. 7 2 129 32 0 0 8143613 7876972 224024 191303 492 808 76137 88291 8444266 8157374 0 0 0 0 4940459 4117086 0 0 0 3602388 3691821 8542847 7808907 -98581 348467 3888330 3347536 6998848 6006520 -3110518 -2658984 NORTH LAKES ACADEMY PROVIDES A RIGOROUS, LIBERAL ARTS CURRICULUM IN A SMALL, PERSONALIZED, DEVELOPMENTALLY APPROPRIATE LEARNING ENVIRONMENT AND GRADUATE STUDENTS WHO ARE CONFIDENT, SKILLED SCHOLARS AND CITIZENS. 0 0 7138450 0 191303 NORTH LAKES ACADEMY: WE ARE A PUBLIC CHARTER SCHOOL OFFERING A RIGOROUS LIBERAL ARTS EDUCATION TO STUDENTS IN GRADES K THROUGH 12 ON TWO CAMPUSES. DURING THE 23-24 YEAR, WE SERVED 525 STUDENTS. WE ESTIMATE AROUND 529 STUDENTS FOR THE 24-25 YEAR. 7138450 1 1 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 0 1 1 0 0 1 22 0 129 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 2 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X EDFINMN 6513844864 1400 VAN BUREN ST NE 200 MINNEAPOLIS MN 55413 DOUG HINE BOARD CHAIR 3.00 X 0 0 0 MICHAEL PONCELET CHAIR/EDUCATOR (THRU 1/24) 40.00 X X 61488 0 5562 ALLISON TUCKER VICE CHAIR/EDUCATOR 40.00 X X 39442 0 24066 CHRIS DALE TREASURER (AS OF 3/24) 3.00 1.00 X X 0 0 0 ANNA HANSMANN TREASURER (THRU 3/24) 3.00 X X 0 0 0 JEFFREY RAPP SECRETARY/EDUCATOR 40.00 X X 64275 0 12568 LAURA DELVILLAR DIRECTOR/EDUCATOR 40.00 X 66813 0 5779 MITCH HOULE DIRECTOR/EDUCATOR 40.00 X 47556 0 10829 CECELIA DODGE EXECUTIVE DIRECTOR (AS OF 8/23) 40.00 X 15278 0 0 294852 0 58804 0 0 0 0 COLLABORATE STUDENT TRANSPORTATION 1667 SNELLING AVE N STE 400 ST PAUL MN 55108 TRANSPORTATION 244761 ADVANCE SPEECH THERAPY 6776 LAKE DR STE 220 LINO LAKES MN 55014 CONTRACTED SPEECH THEARAPIST 138003 ADVANCE OCCUPATIONAL THERAPY 6776 LAKE DR STE 220 LINO LAKES MN 55014 OCCUPATIONAL CONTRACTED THERAPIST 108952 3 7858846 18126 7876972 FEES FROM PATRONS 611110 159120 159120 MEDICAL ASSISTANCE 611110 23936 23936 FOOD SERVICE 611110 8247 8247 191303 808 808 88291 88291 88291 8157374 191303 0 89099 244694 186083 58611 2931766 2693366 238400 251468 232288 19180 414101 387928 26173 275057 215370 59687 5148 5148 78667 78667 312321 239373 72948 151482 118002 33480 64133 29827 34306 167928 167928 337016 337016 7178 7039 139 37657 37657 67691 54528 13163 54226 54226 CAPITAL OUTLAY 1552913 1552913 SPECIAL EDUCATION 463919 463919 FOOD 235909 235909 DEBT SERVICE PRINCIPAL 95139 95139 60494 29939 30555 7808907 7138450 670457 0 421328 860319 1019291 795227 3269 0 959264 798626 228329 160638 2216113 1531352 3888330 3347536 886955 840115 14638 6978 250000 100000 15640 2260 5831615 5057167 6998848 6006520 X -3356058 -2877355 212689 158378 32851 59993 -3110518 -2658984 3888330 3347536 X 348467 103067 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 959264 798626 160638 160638 DEFERRED OUTFLOWS - PENSIONS 1531352 1531352 COMPENSATED ABSENCES 193731 NET PENSION LIABILITY 4512341 DEFERRED INFLOWS - PENSIONS 351095 5057167 8157374 0 8157374 0 8157374 7741216 0 7741216 67691 67691 7808907 PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 67,691. 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 NON-DISCRIMINATION POLICY IS PRINTED IN ALL DOCUMENTS USED DURING THE ENROLLMENT PROCESS AND POSTED ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID OR ASSISTANCE FROM THE FOLLOWING GOVERNMENTAL AGENCIES: MINNESOTA DEPARTMENT OF EDUCATION U.S. DEPARTMENT OF EDUCATION U.S. DEPARTMENT OF AGRICULTURE U.S. DEPARTMENT OF THE TREASURY FORM 990, PART VI, SECTION A, LINE 7A ALL PARENTS AND GUARDIANS OF STUDENTS ENROLLED AND ALL STAFF EMPLOYED BY THE SCHOOL ARE ELIGIBLE TO VOTE FOR THE BOARD OF DIRECTORS HELD ANNUALLY IN THE FALL. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES WHICH HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD TREASURER AND THE BUSINESS MANAGER GO OVER THE FORM 990 TOGETHER AND THEN SEND TO FINANCE COMMITTEE MEMBERS FOR REVIEW AND COMMENT. COPIES ARE THEN DISTRIBUTED TO BOARD MEMBERS WHO REVIEW THE DOCUMENT AND DISCUSS IT AT THE BOARD MEETING PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY APPLIES TO THE SCHOOL'S BOARD OF DIRECTORS, COMMITTEES OF THE BOARD, AS WELL AS EMPLOYEES AND PARENTS OF ENROLLED STUDENTS. TRANSACTIONS WHERE A CONFLICT OF INTEREST WAS DETERMINED TO EXIST BY REMAINING INDEPENDENT MEMBERS MAY NOT BE EXECUTED UNLESS ALL OF THE FOLLOWING CONDITIONS ARE MET: (1) THE INTEREST IS DISCLOSED OR KNOWN TO THE MEMBERS OF THE BOARD (OR COMMITTEE THEREOF) (2) THE BOARD OR COMMITTEE APPROVES, AUTHORIZES, OR RATIFIES THE ACTION IN GOOD FAITH (3) THE APPROVAL IS BY A MAJORITY OF MEMBERS (NOT COUNTING THE INTERESTED INDIVIDUAL) AT (4) A MEETING WHERE A QUORUM IS PRESENT (NOT COUNTING THE INTERESTED INDIVIDUAL). THE INDIVIDUAL WITH THE CONFLICT MAY BE PRESENT FOR DISCUSSION TO ANSWER QUESTIONS BUT MAY NOT ADVOCATE FOR THE ACTION TO BE TAKEN OR VOTE ON THE ACTION. THE MINUTES OF THE MEETING DOCUMENT CLEARLY THAT THE PROCEEDINGS RELATED TO CONFLICTS OF INTEREST AND THAT THE POLICY'S REQUIREMENTS HAVE BEEN MET. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS A SUBCOMMITTEE - DIRECTORS EVALUATION COMMITTEE, THAT WORKS WITH THE EXECUTIVE DIRECTOR TO SET GOALS, CHECK IN ON PROGRESS AND MAKE RECOMMENDATIONS TO THE BOARD FOR RENEWAL. THE BOARD OF DIRECTORS USES DATA SOURCED FROM ENROLLMENT, MINNESOTA ASSOCIATION OF CHARTER SCHOOLS COMPENSATION COMPARISON SURVEY, AND A REVIEW OF LOCAL CHARTER SCHOOLS TO DETERMINE A PRICE POINT FOR COMPENSATION. THE BOARD OF DIRECTORS RELIES ON THE MACS COMPENSATION SURVEY, ALONG WITH THE OTHER COMPENSATION SURVEY REPORTS MOST RECENTLY (2020-22SY) CONDUCTED BY COMMUNITY OF PEACE ACADEMY AS REVIEW FOR COMPENSATION. COMPARISON OF LOCAL ISD'S AND CHARTER SCHOOLS ARE ALSO SOUGHT OUT FOR A BASELINE. OTHER KEY OFFICERS AND EMPLOYEES COMPENSATION LEVELS ARE DETERMINED BY RECOMMENDATION OF THE EXECUTIVE DIRECTOR, WHO USES THE SAME DATA POINTS AND SURVEYS AS A BASELINE ALONG WITH A PROFESSIONALISM RUBRIC AND GOAL PROCESS. THE BOARD OF DIRECTORS RELIES ON THE MACS COMPENSATION SURVEY, ALONG WITH THE OTHER COMPENSATION SURVEY REPORTS MOST RECENTLY (2020-22SY) CONDUCTED BY COMMUNITY OF PEACE ACADEMY AS A BASE FOR COMPENSATION. COMPARISON OF LOCAL ISD'S AND CHARTER SCHOOLS ARE ALSO SOUGHT OUT FOR A BASELINE. 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 UPON REQUEST AT THEIR OFFICE. FORM 990, PART XI, LINE 9: NET CHANGE IN PENSION LIABILITY 50,857. CHANGE IN LEASE LIABILITY 13,380. CHANGE IN COMPENSATED ABSENCES 38,830. FORM 990, PART XII, LINE 1: THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOLWIDE 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. THE ORGANIZATION WAS NOT REQUIRED TO UNDERGO A AUDIT UNDER UNIFORM GUIDANCE BECAUSE OF FEDERAL FUNDS RECEIVED OVER $750,000. HOWEVER, THE ORGANIZATION DID HAVE THEIR FINANCIAL STATEMENTS PREPARED AND AUDITED BY GOVERNMENT AUDITING STANDARDS (GAS) AND THE STATE OF MINNESOTA FOR STATE FUNDING RECEIVED, AND AS A PART OF THAT AUDIT THERE WAS A REPORT ON THE INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GAS. NLAABC 308 15TH STREET FOREST LAKE MN 55025 831261878 LEASE SCHOOL FACILITY MN 501(C)(3) LINE 12A, I NORTH LAKES ACADEMY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 NLAABC K 1552913 CASH