2026-03-12T18:02:46-05:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-07-01 471245811 SUCCESS ACADEMY SUCC 6128763050 8201 PARK AVENUE BLOOMINGTON MN 55420 AHMED HUDLE DIRECTOR OF OPERATIONS 6128763050 2026-02-23 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2026-02-10 2024 2025-03-06 01:10:19Z AHMED HUDLE 8201 PARK AVENUE BLOOMINGTON MN 55420 6422796 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 84 8 0 0 6095863 6422796 0 0 0 0 20131 0 6115994 6422796 0 46883 0 0 2965688 3742658 0 0 0 2884037 2650000 5849725 6439541 266269 -16745 6133713 6020434 5631049 5695154 502664 325280 THE MISSION OF SUCCESS ACADEMY IS TO PREPARE STUDENTS TO BECOME EXCELLENT QUESTIONERS, SCIENTIFIC THINKERS, AND RESPONSIBLE CITIZENS. 0 0 4987141 46883 0 DURING THE PREVIOUS YEAR, SUCCESS ACADEMY SERVED OVER 379 ADM - ITS LARGEST STATE ENROLLMENT TO DATE - AT TWO SITES IN BLOOMINGTON AND ST. CLOUD, MN. TEST RESULTS AND OTHER DEMOGRAPHIC AND STUDENT INFORMATION ARE AVAILABLE ON THE MN DEPARTMENT OF EDUCATION WEBSITE. 577136 0 0 THE FOOD SERVICE PROGRAM CONTINUES TO GROW, SERVING FREE MEALS FOR ALL STUDENTS. 5564277 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 84 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 SARA ADEN MEMBER/ELL LEAD TEACHER 41.00 X 57289 0 10137 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 MUSTAF SHARIFF MEMBER 1.00 X 0 0 0 AHMED HUDLE DIRECTOR OF OPERATIONS 40.00 X 120481 0 26176 177770 0 36313 1 0 0 0 DAYIB BUS TRANSPORTATION 9217 17TH AVE SUITE 214 BLOOMINGTON MN 55425 TRANSPORTATION 262400 1 6347796 75000 6422796 6422796 0 0 0 X 46883 46883 217959 217959 2886997 2643855 243142 238082 218971 19111 169844 127343 42501 229776 197971 31805 84812 84812 18431 18431 89340 89340 673012 646669 26343 15084 255 14829 111807 111807 19909 19909 228732 228732 534616 534616 29166 29166 SUPPLIES 748624 694622 54002 REPAIRS AND MAINTENANCE 36740 34712 2028 DUES AND MEMBERSHIPS 31451 490 30961 28276 28276 6439541 5564277 875264 0 1057282 1199756 827236 731300 120591 266621 398843 185714 170175 213129 3958429 3609628 6133713 6020434 329107 574522 7981 0 5293961 5120632 5631049 5695154 X 0 0 0 0 502664 325280 502664 325280 6133713 6020434 X -16745 -160639 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154250 50666 103584 244593 135048 109545 213129 NET COST OF RIGHT OF USE ASSETS 2266425 DEFERRED OUTFLOWS - PENSIONS 1343203 3609628 NET PENSION LIABILITY 1930584 DEFERRED INFLOWS - PENSIONS 584955 LEASE LIABILITY 2605093 5120632 X 6422796 0 6422796 0 6422796 6467662 562737 562737 5904925 534616 534616 6439541 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 73,119. PRINCIPAL PAYMENTS ON LEASES 489,618. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 30,165. AMORTIZATION EXPENSE 504,451. 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. 1 SCHOLARSHIPS 5 46883 PART I, LINE 2: IN ORDER TO BE ELIGIBLE, STUDENTS MUST BE ACCEPTED AND ENROLLED INTO AN APPROVED PROGRAM. TUITION AGREEMENTS ARE SET UP WITH THE COLLEGES, AND THE SCHOOL PAYS THE COLLEGE DIRECTLY FOR TUITION. THE STUDENTS WILL SUBMIT REIMBURSEMENT REQUESTS WITH SUPPORTING RECEIPTS FOR BOOKS/MATERIALS. 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 274,166. MANAGEMENT AND GENERAL EXPENSES 26,343. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 300,509. TRANSPORTATION CONTRACT FEES: PROGRAM SERVICE EXPENSES 372,503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 372,503. FORM 990, PART XI, LINE 9: NET CHANGE IN PENSION LIABILITY -160,639.