2026-01-20T15:19:43-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-07-01 811733895 GREAT MN SCHOOLS GREA 6123611309 901 NORTH 3RD STREET STE 350 MINNEAPOLIS MN 55401 JEN STERN CEO 6123611309 2026-01-19 1 1 SARAH REICHLING P01587996 6123764500 2026-01-19 2024 2025-03-06 01:10:19Z X JEN STERN 901 NORTH 3RD STREET STE 350 MINNEAPOLIS MN 55401 5298851 0 X WWW.GREATMNSCHOOLS.ORG X 2016 MN MAKES STRATEGIC INVESTMENTS IN PROVEN AND PROMISING SCHOOLS, PROVIDING THE EXPERT GUIDANCE, FUNDING RESOURCES TO CREATE A COMMUNITY OF GREAT SCHOOLS. 14 14 17 45 0 0 5912950 5296534 0 0 17631 2317 0 0 5930581 5298851 995500 1100600 0 0 2061185 2320985 0 0 543180 2635290 2362435 5691975 5784020 238606 -485169 944896 216430 412723 169426 532173 47004 WE BELIEVE THAT GREAT SCHOOLS ARE THE CORNERSTONE OF A JUST AND THRIVING COMMUNITY. ENSURING THAT EVERY CHILD IS ABLE TO ATTEND A SCHOOL THAT WORKS IS OUR MORAL AND SOCIAL IMPERATIVE - OUR CHILDREN DESERVE NO LESS. 0 0 4754543 1100600 0 GREAT MN SCHOOLS PARTNERS WITH PROMISING SCHOOLS GUIDING THEIR IMPROVEMENT AND GROWTH, STRENGTHENING STUDENTS' LEARNING EXPERIENCES, AND ADVANCING EDUCATIONAL OUTCOMES. WORKING WITH COMMUNITY-BASED PARTNERS, WE SUPPORT FAMILIES IN MAKING INFORMED DECISIONS ON ENROLLMENT AND ADVOCATING FOR THEIR CHILDREN WITHIN SCHOOLS. AND WE ENGAGE THE COMMUNITY AS PARTNERS, BUILDING SUPPORT FOR PROVEN SOLUTIONS. 4754543 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X ANDREW MINCK 3203095662 30 S 9TH ST MINNEAPOLIS MN 55402 STAN ALLEYNE CHAIR 4.00 X X 0 0 0 BECKY ERDAHL VICE CHAIR 1.00 X X 0 0 0 SARAH CLYNE TREASURER (THRU 9/24) 1.00 X X 0 0 0 AL FAN TREASURER (AS OF 9/24) 1.00 X X 0 0 0 HABON ABDULLE DIRECTOR 1.00 X 0 0 0 ROB ALBRIGHT DIRECTOR 1.00 X 0 0 0 JULIE BAKER DIRECTOR 1.00 X 0 0 0 ROSITA BALCH DIRECTOR 1.00 X 0 0 0 SIMONE HARDEMAN-JONES DIRECTOR 1.00 X 0 0 0 BERNADEIA JOHNSON DIRECTOR (THRU 9/24) 1.00 X 0 0 0 ALBERTO MONSERRATE DIRECTOR 1.00 X 0 0 0 ADAIR MOSLEY DIRECTOR 1.00 X 0 0 0 TAD PIPER DIRECTOR 1.00 X 0 0 0 SONDRA SAMUELS DIRECTOR 1.00 X 0 0 0 PHIL SORAN DIRECTOR 1.00 X 0 0 0 BEN WHITNEY DIRECTOR 1.00 X 0 0 0 JENNIFER STERN EXECUTIVE DIRECTOR 40.00 X 329193 0 18969 SHEILAH KAVANEY SENIOR DIRECTOR OF OPERATIONS 40.00 X 183107 0 17424 KYLE PARSONS VP OF COMMUNITY ENGAGEMENT 40.00 X 166853 0 10991 KARN ENGELSGJERD SENIOR DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 172193 0 5166 MELISSA LONG DIRECTOR OF LITERACY 40.00 X 159199 0 4864 MORGAN BROWN PORTFOLIO DIRECTOR 40.00 X 155195 0 22682 1165740 0 80096 7 0 1 0 0 5296534 5296534 2317 2317 5298851 0 0 2317 1100600 1100600 348164 219343 62670 66151 1688331 1124174 223199 340958 50650 33725 6696 10229 88069 58398 11966 17705 145771 96209 20408 29154 2170 2170 60557 60557 60055 60055 81662 14898 62249 4515 70006 46204 9801 14001 57066 37664 7989 11413 52566 34694 7359 10513 30819 20340 4315 6164 22491 22491 34429 22723 4820 6886 2919 1926 409 584 SCHOOL SUPPORT EXPENSES 1729663 1729663 PROGRAM SUPPLIES 145954 145954 MISCELLANEOUS EXPENSE 12078 7973 1689 2416 5784020 4754543 486297 543180 799025 40569 92294 10888 61489 68502 0 0 73494 15065 944896 216430 273968 149740 42500 96255 19686 412723 169426 X 532173 47004 532173 47004 944896 216430 -485169 0 X X 1 X 1 X 1 0 X 4065443 3619198 5152588 5912950 5296534 24046713 4065443 3619198 5152588 5912950 5296534 24046713 24046713 125 62 38 17631 2317 20173 24066886 0.99920 0.99810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 0 0 0 1 60055 0 0 60055 0 PART II-B, LINE 1: GREAT MN SCHOOLS COORDINATED A GROUP TO OPPOSE DELAYING THE RELEASE OF MINNESOTA COMPREHENSIVE ASSESSMENT DATA TO THE PUBLIC. THERE WAS A BILL THAT WOULD HAVE ALLOWED THE MINNESOTA DEPARTMENT OF EDUCTION TO HAVE UNTIL DECEMBER TO RELEASE MINNESOTA COMPREHENSIVE ASSESSMENT STATE TESTING DATA TO THE PUBLIC. MINNESOTA COMPREHENSIVE ASSESSMENT IS ADMINISTERED IN APRIL AND EARLY MAY. DATA IS RELEASED TO THE SCHOOLS SHORTLY THEREAFTER BUT EMBARGOED. DATA IS RELEASED TO THE PUBLIC AT THE END OF AUGUST. GREAT MN SCHOOLS COORDINATED SUPPORT FOR THE READ ACT THAT REQUIRES SCHOOLS TO USE THE SCIENCE OF READING TO TEACH READING INSTRUCTION. 0 RIGHT OF USE ASSETS 15065 15065 LEASE LIABILITY 19686 19686 X 5298851 0 5298851 0 5298851 5784020 0 5784020 0 5784020 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MINNESOTA. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. NO LIABILITY WAS RECOGNIZED BY THE ORGANIZATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE (IRS). 1 AGAMIN CLASSICAL ACADEMY 5300 FRANCE AVE S MINNEAPOLIS MN 55410 272779526 501(C)(3) 20000 0 N/A N/A FISCAL YEAR INVESTMENT AYADA LEADS MN 310 E 328 ST STE 325 MINNEAPOLIS MN 55409 474294816 501(C)(3) 20000 0 N/A N/A FISCAL YEAR INVESTMENT CENTRO TYRONE GUZMAN 1915 CHICAGO AVE S MINNEAPOLIS MN 55404 411290349 501(C)(3) 47500 0 N/A N/A FISCAL YEAR INVESTMENT CRISTO REY JESUIT HIGH SCHOOL 2924 4TH AVENUE ST MINNEAPOLIS MN 55408 204548714 501(C)(3) 55000 0 N/A N/A FISCAL YEAR INVESTMENT ED ALLIES 1621 E HENNPIN AVE STE 295 MINNEAPOLIS MN 55414 352573057 501(C)(3) 30000 0 N/A N/A FISCAL YEAR INVESTMENT EDUCATION EVOLVING 2429 NICOLLET AVE MINNEAPOLIS MN 55404 473761921 501(C)(3) 30000 0 N/A N/A FISCAL YEAR INVESTMENT EDUCATORS FOR EXCELLENCE 729 N WASHINGTON AVE STE 600 MINNEAPOLIS MN 55401 273382030 501(C)(3) 25000 0 N/A N/A FISCAL YEAR INVESTMENT GLOBAL ACADEMY 3000 5TH ST NW NEW BRIGHTON MN 55112 300417217 501(C)(3) 62100 0 N/A N/A FISCAL YEAR INVESTMENT HENNEPIN SCHOOLS 1001 E 45TH ST MINNEAPOLIS MN 55407 800514400 501(C)(3) 110000 0 N/A N/A FISCAL YEAR INVESTMENT HOPE ACADEMY 710 E 24TH ST MINNEAPOLIS MN 55404 411962874 501(C)(3) 21000 0 N/A N/A FISCAL YEAR INVESTMENT INDIGENOUS ROOTS 788 7TH ST E SAINT PAUL MN 55106 474492457 501(C)(3) 10000 0 N/A N/A FISCAL YEAR INVESTMENT LEAD THE WAY MN 4001 STINSON BLVD NE STE 401 MINNEAPOLIS MN 55421 851669729 501(C)(3) 50000 0 N/A N/A FISCAL YEAR INVESTMENT LITTLE EARTH RESIDENTS ASSOCIATION 2495 18TH AVE S MINNEAPOLIS MN 55404 363309894 501(C)(3) 35000 0 N/A N/A FISCAL YEAR INVESTMENT MN ZEJ ZOG 8940 27TH AVE N NEW HOPE MN 55427 852514138 501(C)(3) 30000 0 N/A N/A FISCAL YEAR INVESTMENT NEW CITY SCHOOL 1500 6TH ST NE MINNEAPOLIS MN 55413 412006469 501(C)(3) 25000 0 N/A N/A FISCAL YEAR INVESTMENT NORTHSIDE ACHIEVEMENT ZONE 1964 N 2ND STREET MINNEAPOLIS MN 55411 300238807 501(C)(3) 25000 0 N/A N/A FISCAL YEAR INVESTMENT PARTNERSHIP ACADEMY 6500 NICOLLET AVE MINNEAPOLIS MN 55423 010701608 501(C)(3) 20000 0 N/A N/A FISCAL YEAR INVESTMENT PHYLLIS WHEATLEY COMMUNITY CENTER INC 1301 10TH AVE N MINNEAPOLIS MN 55411 410706132 501(C)(3) 25000 0 N/A N/A FISCAL YEAR INVESTMENT PILLSBURY UNITED COMMUNITIES 125 WEST BROADWAY AVE STE 130 MINNEAPOLIS MN 55411 410916478 501(C)(3) 30000 0 N/A N/A FISCAL YEAR INVESTMENT PRODEO ACADEMY 4141 UNIVERSITY AVE NE COLUMBIA HEIGHTS MN 55421 800743744 501(C)(3) 315000 0 N/A N/A FISCAL YEAR INVESTMENT PROPEL NONPROFITS 1 SE MAIN STREET STE 600 MINNEAPOLIS MN 55414 411916337 501(C)(3) 15000 0 N/A N/A FISCAL YEAR INVESTMENT STANDING TOGETHER AND NEVER DIVIDED UP MINNESOTA PARENTS UNITED 622 ORANGE AVE E SAINT PAUL MN 55130 994697502 501(C)(3) 35000 0 N/A N/A FISCAL YEAR INVESTMENT URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVENUE ST MINNEAPOLIS MN 55408 363558710 501(C)(3) 30000 0 N/A N/A FISCAL YEAR INVESTMENT WAY TO GROW 201 IRVING AVE N STE 100 MINNEAPOLIS MN 55405 710956749 501(C)(3) 30000 0 N/A N/A FISCAL YEAR INVESTMENT 24 0 PART I, LINE 2: PRIOR TO AN INVESTMENT BEING AWARDED TO A GRANTEE, GMS DOES DEEP DUE DILIGENCE, INCLUDING LEADERSHIP INTERVIEWS, SITE VISITS, FINANCIAL REVIEWS, MEETINGS WITH THE GOVERNANCE BOARDS, AND REVIEWS OF OPERATIONAL AND ACADEMIC PROCESSES AND RESULTS. EACH INVESTMENT AWARDED HAS A GRANT AGREEMENT THAT INCLUDES A SET OF MULTI-YEAR MILESTONES. SCHOOLS REPORT OUT ON THEIR MILESTONES PER THE TERMS OF THE GRANT AGREEMENT (AT LEAST ANNUALLY). GMS ALSO MEETS WITH THE SCHOOL LEADERSHIP ON A REGULAR BASIS, AND PROVIDES STRATEGIC GUIDANCE AS SUPPORT AS NEEDED, TO ENSURE THE SCHOOLS' ONGOING SUCCESS. FOR PLANNING GRANTS, GMS SUPPORTS THE SCHOOL IN A PLANNING PROCESS, INCLUDING REGULAR CHECK-INS. THE DELIVERABLE OF THOSE GRANTS IS A STRATEGIC GROWTH PLAN. ALL GRANTS / INVESTMENTS ARE APPROVED BY THE GMS BOARD. X X X 0 0 0 0 0 0 0 0 0 JENNIFER STERN EXECUTIVE DIRECTOR 324193 0 5000 0 0 0 9876 0 9093 0 348162 0 0 0 SHEILAH KAVANEY SENIOR DIRECTOR OF OPERATIONS 175607 0 7500 0 0 0 5493 0 11931 0 200531 0 0 0 MORGAN BROWN PORTFOLIO DIRECTOR 152695 0 2500 0 0 0 4656 0 18026 0 177877 0 0 0 KYLE PARSONS VP OF COMMUNITY ENGAGEMENT 164353 0 2500 0 0 0 5006 0 5985 0 177844 0 0 0 KARN ENGELSGJERD SENIOR DIRECTOR OF EXTERNAL AFFAIRS 169693 0 2500 0 0 0 5166 0 0 0 177359 0 0 0 MELISSA LONG DIRECTOR OF LITERACY 156699 0 2500 0 0 0 4776 0 88 0 164063 0 0 0 ALBERTO MONSERRATE BOARD CHAIR 12750 GREAT MN SCHOOLS PAID NEWPUBLICA, OWNED BY ALBERTO, FOR PRODUCTION AND PROMOTION SERVICES 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. ONLY OCCASIONALLY, THE BOARD MAY DESIGNATE DECISION MAKING TO COMMITTEES ON A SPECIFIC ISSUE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS FURNISHED TO EACH OFFICER, DIRECTOR, OR COMMITTEE MEMBER WHO IS PRESENTLY SERVING THE ORGANIZATION OR WHO MAY BECOME ASSOCIATED WITH THE ORGANIZATION. THIS POLICY SHALL BE CALLED TO THE ATTENTION OF THE BOARD OF DIRECTORS AT LEAST ANNUALLY AT A REGULAR MEETING, AND RECORDED IN THE MINUTES OF SUCH MEETING. IT IS THE POLICY OF GREAT MN SCHOOLS THAT ALL OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS SCRUPULOUSLY AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE INDIVIDUAL INTEREST AND THE INTERESTS OF THE ORGANIZATION IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE ORGANIZATION IN THEIR REPRESENTATIVE CAPACITIES. THIS IS OF PARTICULAR IMPORTANCE BECAUSE A NUMBER OF OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS MAYBE INDIVIDUAL FUNDERS OR REPRESENTATIVES OF ORGANIZATIONS THAT ARE SIGNIFICANT FUNDERS OF THE ORGANIZATION. GREAT MN SCHOOLS MAY ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST IF ANY OF THE FOLLOWING ARE TRUE: FAIRNESS AND REASONABLENESS: THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE TO THE ORGANIZATION WILL BE DETERMINED BY LOOKING TO THE TIME THE CONTRACT OR TRANSACTION WAS AUTHORIZED, APPROVED, OR RATIFIED. THE PARTY ASSERTING THE VALIDITY OF THE CONTRACT OR TRANSACTION HAS THE BURDEN OF ESTABLISHING THE CONTRACT OR TRANSACTION'S FAIRNESS AND REASONABLENESS TO THE ORGANIZATION. DISCLOSURE OF MATERIAL FACTS TO THE BOARD: THE MATERIAL FACTS ABOUT BOTH THE CONTRACT OR TRANSACTION AND A DIRECTOR'S INTEREST IN THE CONTRACT OR TRANSACTION ARE EITHER FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE. IN SUCH CASES, THE DIRECTOR MUST ACKNOWLEDGE THEIR CONFLICT AND ABSTAIN FROM THE BOARD VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO SALARY WAS DETERMINED BASED ON GUIDANCE FROM AN EXECUTIVE SEARCH FIRM, AND SET IN 2016. THE EXECUTIVE SEARCH FIRM LOOKED AT COMPARABILITY DATA, INCLUDING DATA FROM OTHER CITIES THAT HAVE SIMILAR ENTITIES. THE FIRST YEAR OF A SALARY INCREASE FOR THE CEO WAS ARTICULATED IN THE ORIGINAL EMPLOYMENT CONTRACT. THIS RAISE LAST OCCURRED IN 2020. COMPENSATION FOR THE CEO, AS WELL AS FOR THE OTHER MEMBERS OF THE TEAM, IS TIED TO PERFORMANCE ON THE ANNUAL EVALUATION PROCESS. EACH TEAM MEMBER SETS GOALS, AND THEIR COMPENSATION ADJUSTMENTS ARE TIED TO PERFORMANCE AGAINST THEIR GOALS, AS WELL AS PERFORMANCE AGAINST A SET OF VALUE DRIVEN BEHAVIORS. PERFORMANCE OF THE CEO IS TIED TO THE PERFORMANCE OF THE ORGANIZATION, AND ANNUAL GOALS ARE SET EACH YEAR. THE BOARD COLLECTIVELY REVIEWS CEO PERFORMANCE, BASED ON 1)ORGANIZATION PERFORMANCE AGAINST GOALS 2)BOARD SURVEY AND 3)STAFF SURVEY. PERFORMANCE ASSESSMENT HAPPENS IN OCTOBER OF EACH YEAR, AT THE BOARD MEETING, WITH SALARY ADJUSTMENT RETROACTIVE TO JULY 1. THE CEO PERFORMANCE REVIEW IS THEN DELIVERED BY THE BOARD CHAIR, TO THE CEO IN A 1:1 DISCUSSION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 CONTACT INFO@GREATMNSCHOOLS.ORG TO GET ITEMS AVAILABLE TO THE PUBLIC FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.