2024-05-03T09:01:03-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 208877750 KIPP MINNESOTA KIPP 6122879700 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 DAVID MILTON TREASURER 6122879700 2024-04-30 1 DAVID MILTON 999009999 0 BRIAN ARONSON CPA P01425251 5157275700 2024-04-30 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANA FORD 5034 OLIVER AVENUE NORTH MINNEAPOLIS MN 55430 12094436 0 X WWW.KIPPMINNESOTA.ORG X 2007 MN TO CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS. 12 11 183 25 0 0 14230910 11871428 51674 10074 -1155 21589 39599 191345 14321028 12094436 0 0 0 0 8330939 6205788 0 0 0 5583116 5213452 13914055 11419240 406973 675196 10327561 8473637 13222955 10935273 -2895394 -2461636 TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE- COLLEGE, CAREER, AND BEYOND- SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD. 0 0 9492857 10074 KIPP MINNESOTA IS DEDICATED TO WORKING WITH FAMILIES AND COMMUNITIES TO BUILD EXCELLENT SCHOOLS AND PREPARE OUR STUDENTS TO PURSUE THE PATH THEY CHOOSE - COLLEGE, CAREER, AND BEYOND - SO THEY CAN BUILD FULFILLING LIVES AND A MORE JUST WORLD. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2023 WAS 378 STUDENTS. 9492857 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 24 0 1 183 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X CREATIVE PLANNING 9525636800 3800 AMERICAN BLVD WEST SUITE 1000 BLOOMINGTON MN 55437 X NICOLE DANIELSEN BOARD CHAIR 1.00 X X 0 0 0 MARGIE SORAN VICE CHAIR 1.00 X X 0 0 0 DAVID MILTON TREASURER 1.00 X X 0 0 0 RENEE UZONG SECRETARY 1.00 X X 0 0 0 KRISTINE STRAUMANN BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 KOJO AMOO-GOTTFRIED BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 PAUL MULDOON BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 PRINCE JIBUNOR BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 TRENT BOWMAN BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 PATRICIA HAMPTON BOARD MEMBER/TEACHER 40.00 X 79271 0 11431 AQUILA COLLINS BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 RITA GORDON BOARD MEMBER/PARENT 1.00 X 0 0 0 JOHN SLIFER END MAY 2023 BOARD MEMBER/COMMUNITY 1.00 X 0 0 0 SHANA FORD EXECUTIVE DIRECTOR 40.00 X 179209 0 22623 DEONNA PEREZ-EVANS CHIEF OPERATING OFFICER 40.00 X 128723 0 14297 REBECCA GALLT VP OF FINANCE AND OPERATIONS 40.00 X 133223 0 14841 ISRAEL MOSES HEAD OF SCHOOLS 40.00 X 150322 0 15844 NIAKA DUNBAR KNS SCHOOL LEADER 40.00 X 102353 0 14669 TIFFANY HARRIS SPECIAL ED DIRECTOR 40.00 X 109297 0 17280 882398 0 110985 6 0 1 0 4MATIV TECHNOLOGIES INC 44 FOY DRIVE HAMILTON SQUARE NJ 08690 STUDENT TRANSPORTATION 1485168 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 476049 TWILL SPORTS 11468 MARKETPLACE DR NORTH STE 600 CHAMPLIN MN 55316 CONTRACTED TEACHERS 143383 BERGANKDV OUTSOURCED SERVICES 22488 CHIPPENDALE AVE W FARMINGTON MN 55024 ACCOUNTING SERVICES 120258 CREATIVELY FOCUSED 370 WABASHA ST NORTH BLOOMINGTON MN 55425 SPECIAL ED SERVICES 112341 6 10533631 1337797 11871428 MEDICAL ASSISTANCE 611710 10074 10074 10074 21589 21589 MISCELLANEOUS REVENUE 900099 130261 130261 INSURANCE PROCEEDS 900099 61084 61084 191345 12094436 10074 0 212934 314739 96600 218139 4734965 3784709 950256 382249 299329 82920 402093 291592 110501 371742 283818 87924 44444 44444 141435 141435 816606 732217 84389 154536 84603 69933 217984 126790 91194 1248554 1244176 4378 39674 33892 5782 334021 332032 1989 STUDENT TRANSPORTATION 1349343 1349343 FOOD SERVICE 410222 410222 EQUIP RENTAL & MAINT 207075 207075 INSTRUCTIONAL SUPPLIES 147263 147263 102295 69196 33099 11419240 9492857 1926383 0 X 237821 3183266 2792514 98645 2324934 1799455 119860 128120 367665 183414 185759 184251 4666673 3079900 10327561 8473637 1146802 901872 384240 33132 600000 300000 11091913 9700269 13222955 10935273 X -2725487 -1963718 -169907 -497918 0 0 -2895394 -2461636 10327561 8473637 X 675196 -241438 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250 9250 9250 9250 9250 9250 9250 9250 9250 9250 1.00000 0 0 88115 15627 72488 279550 167787 111763 184251 DEFERRED PENSION OUTFLOWS 2686951 DUE FROM KIPP ABC 79282 ROU ASSET 313667 3079900 NET PENSION LIABILITY 7891110 DEFERRED PENSION INFLOWS 1079369 PAYABLE TO KIPP MINNESOTA ABC 400000 ROU LIABILITY 329790 9700269 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS SENT DIRECTLY TO THE COLLEGE OR UNIVERSITY OF CHOICE FOR THE STUDENT SELECTED. PART X, LINE 2: THE CHARTER SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CHARTER SCHOOL ALSO QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER APPLICABLE STATUTES OF THE STATE OF MINNESOTA. MANAGEMENT BELIEVES THAT IT IS NOT REASONABLY POSSIBLE FOR ANY TAX POSITION BENEFITS TO INCREASE OR DECREASE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. AS OF JUNE 30, 2023, THERE WERE NO INCOME TAX RELATED ACCRUED INTEREST OR PENALTIES RECOGNIZED IN EITHER THE STATEMENT OF FINANCIAL POSITION OR THE STATEMENT OF ACTIVITIES. THE CHARTER SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND IN THE MINNESOTA STATE JURISDICTION. U.S. FEDERAL RETURNS AND MINNESOTA RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE CLOSED. NO RETURNS ARE CURRENTLY UNDER EXAMINATION IN ANY TAX JURISDICTION 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 POLICY AS A FREE, OPEN ENROLLMENT SCHOOL IS PUBLICIZED IN ALL MATERIALS INCLUDING FLYERS THAT ARE DISTRIBUTED DOOR-TO-DOOR, ON THE WEBSITE, AND IN APPLICATION FORMS. SCHEDULE E, PART I, LINE 6 AS A MN PUBLIC CHARTER SCHOOL, THE SCHOOL RECEIVED STATE EDUCATION AID AND FEDERAL GRANT FUNDING. X X 0 0 0 0 0 0 0 0 0 SHANA FORD EXECUTIVE DIRECTOR 179209 0 0 0 0 0 15001 0 7622 0 201832 0 0 0 ISRAEL MOSES HEAD OF SCHOOLS 150322 0 0 0 0 0 11042 0 4802 0 166166 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A AS PER MN STATUTE 124E.07, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SCHOOL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE SCHOOL DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S EXECUTIVE COMMITTEE REVIEWS THE FORM 990 IN DETAIL AFTER THE RETURN IS COMPLETED BY THE SCHOOL'S ACCOUNTANT. ALL MEMBERS OF THE BOARD WILL RECEIVE A PUBLIC DISCLOSURE COPY OF THE RETURN PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND COMMITTEE MEMBER WITH GOVERNING BOARD DELEGATED AUTHORITY IS REQUIRED TO SIGN AN ANNUAL STATEMENT AFFIRMING THEY HAVE RECEIVED, REVIEWED, AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE POLICY INCLUDES A DUTY TO DISCLOSE CLAUSE. THIS CLAUSE REQUIRES THAT ANY COVERED INDIVIDUAL MUST DISCLOSE ALL MATERIAL FACTS TO DIRECTORS AND MEMBERS OF COMMITTEE IF THE EXISTENCE OF A CONFLICT OR POTENTIAL CONFLICT IS DETERMINED. AFTER DISCLOSURE OF ALL FACTS, THE CONFLICTED INDIVIDUAL WILL LEAVE THE ROOM WHILE THE TRANSACTION IS DISCUSSED AND VOTED ON. THE MINUTES OF ALL BOARD AND COMMITTEES SHALL REFLECT THE PROCEEDINGS RELATED TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE PERFORMED MARKET RATE ANALYSIS TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL OTHER SCHOOL EMPLOYEES AS PART OF THE ANNUAL BUDGETING PROCESS. ANY CHANGES TO COMPENSATION ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS REVIEW IS DOCUMENTED WITHIN THE BOARD MINUTES. THIS PROCESS IS DONE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICE AND ARE MADE AVAILABLE AT ALL BOARD MEETINGS, WHICH ARE OPEN TO THE PUBLIC. ALL MEETING MINUTES AND ANY OF THE DOCUMENTS ABOVE ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. PATRICIA HAMPTON IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR THEIR SERVICES AS A TEACHER. FORM 990, PART X, LINE 25: PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES. FORM 990, PART XI, LINE 9: PENSION EXPENSE -241,438. KIPP MINNESOTA ABC 5034 OLIVER AVENUE N MINNEAPOLIS MN 55430 822757664 LEASE SCHOOLHOUSE MN 501(C)(3) LINE 12A, I KIPP MINNESOTA 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 KIPP MINNESOTA ABC K 912423 LEASE AGREEMENT KIPP MINNESOTA ABC D 79282 CASH BALANCE KIPP MINNESOTA ABC E 400000 CASH BALANCE