2026-03-17T15:00:51-05:00 2025-06-30 753125446 THOMAS & COMPANY CPA PA 9710 STIRLING RD SUITE 101 HOLLYWOOD FL 33024 990 2024-07-01 411900808 LIFE PREP LIFE 6517936624 930 GERANIUM AVENUE EAST SAINT PAUL MN 55106 KAYTE REGAN BOARD CHAIR 6517936624 2026-03-17 1 0 ROBY THOMAS P02147175 9544357272 2026-03-17 2024 2025-03-06 01:10:19Z KAYTE REGAN 930 GERANIUM AVENUE EAST SAINT PAUL MN 55106 3035644 0 X WWW.LIFEPREPSCHOOL.ORG X 1998 MN SEE SCHEDULE O 8 2 23 0 0 0 3000591 2962579 0 0 0 0 32380 73065 3032971 3035644 0 0 0 0 1490832 1337418 0 0 0 1397653 1418780 2888485 2756198 144486 279446 2888225 2393875 4942616 4168820 -2054391 -1774945 SEE SCHEDULE O 0 0 2317602 2838297 EDUCATIONAL SERVICES 154316 148728 FOOD SERVICES 8661 797 2480579 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 4 0 23 1 0 0 0 0 0 0 0 0 0 0 X 8 2 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X KARA KERR 6517936624 930 GERANIUM AVE SAINT PAUL MN 55106 KAYTE REGAN BOARD CHAIR 5.00 X 0 0 0 BETH LARSON VICE CHAIR 40.00 X 48329 0 0 CHRISTINE OBERMUELLER SECRETARY 40.00 X 68588 0 0 BRITTANY HUGHS TEACHER MEMBER 5.00 X 0 0 0 MADISON THEUSCH TEACHER MEMBER 40.00 X 61707 0 0 KATIE GOGO MEMBER 5.00 X 0 0 0 GILLIAN SWABY MEMBER 5.00 X 0 0 0 DARLA BENJAMIN MEMBER 40.00 X 108218 0 0 286842 0 0 1 0 0 0 0 2962579 2962579 OTHER REVENUES 73065 73065 73065 3035644 73065 0 0 1328973 1196076 132897 -348316 -313484 -34832 356761 321085 35676 66000 59400 6600 229142 206228 22914 86938 78244 8694 201789 181610 20179 69897 62907 6990 195312 175781 19531 21006 18905 2101 OTHER FOOD SERVICES 153283 137955 15328 SUPPLIES & MATERIALS 62794 56515 6279 DUES AND MEMBERSHIPS 20556 18500 2056 312063 280857 31206 2756198 2480579 275619 0 247681 201208 230408 271780 36702 39621 921116 900909 33961 20207 2339473 1861059 2888225 2393875 224122 271458 4718494 3897362 4942616 4168820 X -2054391 0 0 0 0 -1774945 -2054391 -1774945 2888225 2393875 279446 0 X 0 1 X 1 1 1 X 0 509483 509483 0 411633 391426 20207 20207 RIGHT OF USE ASSETS NET 1589629 DEFFERED OUTFLOWS NET 271430 1861059 NET PENSION LIABILITY 1101557 LEASE LIABILITY :DUE WITHIN ONE YEAR 156968 LEASE LIABILITY :DUE IN MORE THAN ONE YEAR 1486988 DEFERRED INFLOWS - PENSION PAYMENTS 1151849 3897362 3035644 0 3035644 0 3035644 2756198 0 2756198 0 2756198 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS AVAILABLE IN THE APPLICATION SCHEDULE E, PART I, LINE 7 LINE 6A FEDERAL AND STATE AID FOR STUDENTS FORM 990, PART VI, SECTION A, LINE 7A ALL PARENTS AND GUARDIANS OF STUDENTS AT THE SCHOOL AND STAFF EMPLOYED BY THE SCHOOL ARE ELIGIBLE TO VOTE IN THE ELECTIONS FOR MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE AND BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S FINANCIALS ARE REVIEWED AT EACH BOARD MEETING. THE FINANCIALS INCLUDE THE SUMMARY AND DETAILED INCOME STATEMENTS, BALANCE SHEET, PERIOD BALANCE SHEET AND MONTHLY PAYMENT REGISTER. BOARD MEMBERS ARE PROVIDED THESE DOCUMENTS PRIOR TO THE BOARD MEETING. BOARD MEMBERS WITH QUESTIONS REGARDING PAYEES ASK QUESTIONS. IF A CONFLICT OF INTEREST IS FOUND, THE RELATIONSHIP IS TO BE CANCELLED IMMEDIATELY WITH NO FURTHER TRANSACTIONS TO TAKE PLACE. WHEN HIRING A NEW VENDOR, THEY ARE QUESTIONED OF ANY KNOWN CONNECTIONS TO ANY BOARD MEMBERS. IF THERE IS A CONNECTION, IT IS BROUGHT TO THE BOARD OF DIRECTORS' ATTENTION INCLUDING SAID BOARD MEMBER FOR CONVERSATION AND DETERMINATION OF CONFLICT OF INTEREST BY REMAINING MEMBERS WHO DO NOT HAVE A CONFLICT. THE BOARD OF DIRECTORS ARE COVERED BY THIS POLICY AS REQUIRED BY LAW. PROCEEDINGS FOR CONFLICTS OF INTEREST ARE RECORDED IN THE MEETING MINUTES TO DOCUMENT THE OPEN SESSION CONDUCTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A FORM 990, PART VI, LINE 15A: THE EXECUTIVE DIRECTOR NEGOTIATES AND APPROVES CONTRACTS WITHIN THE BOUNDARIES OF THE APPROVED BUDGET FOR ALL EMPLOYEES WHO DO NOT REPORT TO THE LIFE PREP BOARD OF DIRECTORS. THE 2022-2023 SCHOOL YEAR INCLUDED A COMPLEX MATRIX TAKING INTO ACCOUNT ACHIEVEMENT OF STUDENTS IN CLASSES, PERCENTAGE OF STUDENTS ON GRADE LEVEL, Q COMP REVIEWS, SUCCESS IN MEETING THE MISSION AND VISION OF LIFE PREP. EMPLOYEES WHO REPORT TO THE BOARD NEGOTIATE THEIR CONTRACTS BASED ON QUALITY OF WORK AND MEETING THE JOB DESCRIPTION AS PRESENTED TO EMPLOYEE EACH YEAR. WHEN DETERMINING THE COMPENSATION OF THE SCHOOL DIRECTOR, THE SCHOOL'S BOARD OF DIRECTORS REVIEWS THE COMPENSATION LEVELS OF COMPARABLE POSITIONS WITHIN THE COMMUNITY AS WELL AS REVIEWING EXPERIENCE LEVEL AND SCHOOL SIZE FOR THE SCHOOL DIRECTOR. THE BOARD RESEARCHED MARKET RATES FOR SCHOOLS OF THE SAME SIZE IN ENROLLMENT AND REVENUE AND THEN COMPARED EMPLOYEES TO THE SALARIES AND DETERMINATION WERE DOCUMENTED IN CLOSED SESSION BOARD MINUTES OF INDIVIDUALS WHO ARE IN THOSE LIKE' SCHOOLS. THE PROCESS FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST FORM 990, PART III, LINE 1 PROVIDE GRADES K-6 ELEMENTARY EUCATION AND HELP STUDENTS TO UNDERSTAND AND USE THEIR OWN LEARNING STYLES. THIS IS ACCOMPLISHED BY EDUCATING THE STUDENTS AS REQUIRED BY THE MINNESOTA STATE EDUCATION STANDARDS, OUTCOMES AND OBJECTIVES. THE SCHOOL TRACHED STUDENTS TO LOVE, LEARN, ACHIEVE AND SUCCED THROUGH MODELING OF BEHAVIORS THAT EXEMPLIFY THIS PHRASE. OUR STUDENTS GIVE BACK TO THE COMMUNITY THROUGH SERVICE LEARNING PROJECTS BY CLEANING UP AREA PARKS, VOLUNTEERING THEIR TIME AT FEED MY STARVING CHILDREN AND PARTICIPATING IN AREA PARADES