2024-08-30T11:29:44-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 862879682 LEO AUGUSTA CHILDREN'S ACADEMY LEOA 5075722062 824 CENTER AVE N BLOOMING PRAIRIE MN 55917 NATE BASTIAN TREASURER 5075722062 2024-08-16 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2024-08-16 2023 2024-08-08 14:25:15Z NATE BASTIAN 824 CENTER AVE N BLOOMING PRAIRIE MN 55917 1252812 0 X WWW.LEOAUGUSTA.COM X 2021 MN TO ACCOMMODATE CHILDCARE NEEDS FOR INFANT TO 12 YEARS OF AGE FOR CHILDREN IN SOUTHERN MINNESOTA. 5 5 41 8 0 0 708912 655918 189606 594258 100 2156 461 480 899079 1252812 0 0 0 0 391645 667298 0 0 0 217819 731242 609464 1398540 289615 -145728 4000738 3776267 1780875 1649964 2219863 2126303 X THE PURPOSE OF THE LEO AUGUSTA CHILDREN'S ACADEMY IS TO DELIVER A HANDS-ON MODEL OF CHILD DEVELOPMENT WITH THE CAPACITY TO SERVE OVER 100 CHILDREN, AGES INFANT THROUGH 12 YEARS OF AGE. UNDER A STRUCTURED CURRICULUM, COUPLE WITH FLEXIBILITY, OUR PHILOSOPHY OF LEARNING AND CARE WILL FOCUS ON EMTIONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL DEVELOPMENT IN A NURTURING AND SECURE ENVIORNMENT. 0 0 1061358 0 594258 THE PURPOSE OF THE LEO AUGUSTA CHILDREN'S ACADEMY IS TO PROVIDE EVERY CHILD REGARLESS OF ECONOMIC, SOCIAL, RACE, OR RELIGIOUS STATUS AN EARLY EDUCATION OPPORTUNITY THAT WILL ENABLE THE CHILD TO SUCCEED. THE LEO AUGUSTA CHILDREN'S ACADEMY WILL DELIVER A HANDS-ON MODEL OF CHILD DEVELOPMENT WITH THE CAPACITY TO SERVE OVER 100 CHILDREN, AGES INFANT THROUGH 12 YEARS OF AGE. UNDER A STRUCTURED CURRICULUM, COUPLED WITH FLEXIBILITY, OUR PHILOSOPHY OF LEARNING AND CARE WILL FOCUS ON EMOTIONAL, INTELLECTUAL, PHYSICAL, AND SOCIAL DEVELOPMENT IN A NURTURING AND SECURE ENVIORNMENT. THE ACADEMY WILL PROVIDE WORKING FAMILIES 5 DAYS PER WEEK, UP TO 12 HOURS PER DAY TO WORK TOWARDS FINANCIAL STABILITY WITH A PEACE OF MIND WHILE THE ACADEMY CARES FOR THEIR CHILDREN. 1061358 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 41 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 0 0 MN X AMY HINZMANN 5075722014 301 E MAIN STREET BLOOMING PRAIRIE MN 55917 AMY HINZMANN BOARD CHAIR 1.00 X X 0 0 0 NATE BASTIAN TREASURER 0.50 X X 0 0 0 ANNALISE HULLOPETER SECRETARY 0.50 X X 0 0 0 JULIAN CURRIE DIRECTOR 0.50 X 0 0 0 BRIANNA MASCHING DIRECTOR 0.50 X 0 0 0 DOUG ANDERSON ACADEMY DIRECTOR - FORMER 45.00 X 69971 0 0 JESSICA KREMER ACADEMY DIRECTOR 45.00 X 11577 0 0 81548 0 0 0 0 0 0 0 161224 494694 104539 655918 CLASSROOM TUITION AND 624410 570718 570718 FOOD PROGRAM REVENUE 624410 16738 16738 SERVICES 624410 6802 6802 594258 2156 2156 480 0 480 480 1252812 594258 0 2636 81548 73972 7576 528614 525275 3339 3700 3700 53436 46720 6716 56657 29755 26902 12744 12744 76386 60874 15512 11420 11420 296312 246696 49616 1260 1260 81152 81152 80404 68343 12061 18592 18592 REPAIRS & MAINTENANCE 36217 365 35852 MEMBERSHIP DUES/SUBS 27032 1577 25455 TAXES AND LICENSES 26681 2320 24361 BAD DEBT EXPENSE 4181 4181 2204 20 2184 1398540 1061358 337182 0 120493 106894 96000 1999 9324 17319 8759 2377 2530510 116414 2276990 2414096 1489172 1233582 4000738 3776267 30875 74964 1750000 1575000 1780875 1649964 X 730691 888250 1489172 1238053 2219863 2126303 4000738 3776267 -145728 52168 0 X 0 1 X 1 0 X 409197 708912 655918 1774027 594258 594258 2097 190067 192164 411294 898979 1250176 2560449 300000 568581 104300 972881 20512 20512 300000 568581 124812 993393 1567056 100 2156 2256 100 2156 2256 480 480 411294 899079 1252812 2563185 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2209154 82911 2126243 242815 30095 212720 78541 3408 75133 2414096 CONTRIBUTED RENT RECEIVABLE 1233582 1233582 X 1396693 143881 143881 1252812 0 1252812 1490253 91713 91713 1398540 0 1398540 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RECORDS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THERE ARE NO SIGNIFICANT DIFFERENCES IN ACCOUNTING POLICIES AND PRACTICES FOLLOWED FOR BOOK AND INCOME TAX PURPOSES. CONSEQUENTLY, THE PROVISION FOR IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. AMY HINZMANN BOARD CHAIR 98833 INDIVIDUAL IS THE CURRENT BOARD CHAIR OF LEO AUGUSTA CHILDREN'S ACADEMY. SHE IS ALSO THE CFO OF KRUCKEBERG INDUSTRIES, LLC, WHICH IS 100% OWNED BY A SUBSTANTIAL CONTRIBUTOR. ADDITIONALLY, LEO AUGUSTA RECIEVED IN-KIND MARKETING AND PROFESSIONAL FEES FROM KRUCKEBERG REAL ESTATE HOLDINGS, KRUCKEBERG SERVICES, LLC, AND KIK MARKETING - WHICH ARE MAJORITY OWNED BY THE SUBSTANTIAL CONTRIBUTOR. 0 X 5195 FMV X EQUIPMENT 3 87006 FMV X CLASSROOM SUPPLIES 20 8598 FMV X OFFICE SUPPLIES 7 1307 FMV X BABY FORMULA 7 865 FMV X CLEANING SUPPLIES 4 549 FMV X ACTIVITY SUPPLIES 3 491 FMV X ADVERTISING 1 352 FMV X PROFESSIONAL DEVELOPMENT 1 175 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7A DURING SUCH TIME AS KRUCKEBERG INDUSTRIES IS LOCATED IN BLOOMING PRARIE, MN, ONE DIRECTOR SHALL BE A CURRENT KRUCKEBERG INDUSTRIES EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE TAX RETURN WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO A FORMAL MEETING TO ALLOW BOARD MEMBERS TO REVIEW. QUESTIONS, CONERNS, OR ISSUES WILL BE RAISED AT A SCHEDULED, IN PERSON BOARD MEETING AND THE TAX RETURN IN QUESTION WILL BE APPROVED OR DENIED BASED ON ANY CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST. NEW MEMBERS MUST SIGN CONFLICT OF INTEREST STATEMENTS PRIOR TO BECOMING BOARD MEMBERS. ANNUALLY, AT THE BEGINNING OF THE FISCAL YEAR ALL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED DURING AN IN-PERSON MEETING AND UPDATED WITH SIGNATURES & DATES. RESTRICTIONS ARE NOT NECESSARILY IMPOSED SHOULD A CONFLICT OF INTEREST ARISE. THE BOARD OF DIRECTORS MAY DETERMINE DESPITE THE EXISTENCE OF A CONFLICT OF INTEREST, THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED FOR THE EXECUTIVE DIRECTOR BY MARKET DATA AND COMPARABILITY STUDIES BY THE BOARD OF DIRECTORS. THE PROCESS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND IRS FILINGS AVAILABLE TO THE PUBLIC UPON REQUEST.