2024-05-15T15:19:04-07:00 2023-06-30 Robert Reese Procaccini CPA 2489 Rice Street Roseville MN 55113 990 2022-07-01 260035570 NOVA CLASSICAL ACADEMY NOVA 6512096320 1455 Victoria Way Saint Paul MN 55102 Brett Wedlund Executive Director 6512096320 2024-05-15 1 Brett Wedlund 999009999 1 Robert Procaccini P01890510 6513092233 2024-05-15 X 1 11 1 AAL2 X X 2022 2023-04-26 12:10:37Z Brett Wedlund 1455 Victoria Way Saint Paul MN 55102 14524941 0 X www.novaclassical.org X 2001 MN Offering a rigorous, through, systematic, and challenging classical education to K-12 students. 9 6 121 625 0 0 11580842 13742353 503690 646355 4792 136233 0 0 12089324 14524941 0 0 0 0 6645482 8028899 0 0 0 4572949 3336573 11218431 11365472 870893 3159469 8567440 10961240 11145009 10379340 -2577569 581900 Offering a rigorous, through, systematic, and challenging classical education to K-12 students. 0 0 9738918 0 0 In a supportive community and through a systematic, accelerated college-preparatory education in the classical tradition, Nova Classical Academy challenges it's students to develop intellect, to attain the habits of learning and mastery, and to live a virtuous life of duty and ideals. 0 0 0 9738918 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 35 0 1 121 1 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 1 1 0 0 MN X Dieci School Finance LLC 6513092233 2489 Rice Street Suite 202 Roseville MN 55113 Dr Brett Wedlund Executive Director 50 0 X 143589 0 19162 Brooke Tousignant Lower School Principal 50 0 X 113595 0 9886 Missy Johnson Academic Director 50 0 X 93873 0 14898 Michael Pelofske Upper School Principal 50 0 X 88664 0 14470 Becky Lund Secretary 50 0 X X 82426 0 13905 Sasha Ross Treasurer 50 0 X X 55913 0 11575 Dr Jeremy Hubbell Director 50 0 X 51824 0 4503 Suzanne McInroy Chair 5 0 X X 0 0 0 Colleen Hansen Vice Chair 5 0 X X 0 0 0 Nneka Constantino Director 2 0 X 0 0 0 Bavi Weston Director 2 0 X 0 0 0 Theresa Nelson Director 2 0 X 0 0 0 Todd Sample Director 2 0 X 0 0 0 629884 0 88399 4 0 1 0 Blue Ribbon Cleaning 1525 Lockhorst Street Baldwin WI 54002 Cleaning Services 207518 CKC Good Food PO Box 583598 Minneapolis MN 55458 Food Service 326652 Dieci School Finance 2489 Rice Street Suite 202 Roseville MN 55113 Accounting Services 114583 Pride Transportation Bus Services LLC 45 Ivy Ave W Saint Paul MN 55117 Transportation 452435 Strategic Staffing Solutions PO Box 276 Mount Pleasant SC 29465 SpEd Services 192759 5 0 0 0 0 12060288 1682065 0 13742353 Food Service 611710 249326 249326 0 0 Student Program Fees 611710 397029 397029 0 0 0 0 0 0 646355 136233 136233 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14524941 782588 0 0 335496 167748 167748 6106629 5447181 659448 550304 480636 69668 558293 470689 87604 478177 416482 61695 235244 235244 6009 6009 128904 128904 622292 622292 200616 86843 113773 217888 123239 94649 2329704 2329704 22126 21030 1096 0 0 0 0 44246 44246 66677 66677 Food Service 370603 369887 716 Instructional Materials 113075 113075 0 Transportation 542083 542083 0 Pension Expenses Per Actuary -1562894 -1562894 0 0 0 11365472 9738918 1626554 0 0 0 4010078 5847230 1247976 1391772 219434 244175 0 0 0 0 0 0 0 0 80019 79860 1008641 620249 265171 388392 0 0 0 0 0 0 0 0 2744762 3009811 8567440 10961240 366315 829661 0 0 27398 43970 0 0 0 0 0 0 0 0 0 0 10751296 9505709 11145009 10379340 X 0 0 -2836976 202615 259407 379285 -2577569 581900 8567440 10961240 3159469 0 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 938863 609571 329292 0 69778 10678 59100 388392 Deferred Outflows - Pensions 3009811 3009811 Net Pension Liability 7271235 Deferred Inflows - Pensions 2176452 Lease Liability 48915 Subscription Payable 9107 9505709 14524941 0 0 0 0 0 14524941 0 0 0 14524941 11365472 0 0 0 0 0 11365472 0 0 0 11365472 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 nondiscriminatory policy is included in the school's registration information. Schedule E, Part I, Line 6 As a MN public charter school, the academy receives state education and federal grant funding. 0 0 0 0 0 0 0 0 0 Dr Brett Wedlund Executive Director 143589 0 0 0 0 0 0 0 19162 0 162751 0 0 0 Form 990, Part VI, Section A, Line 7a Form 990, Part VI, Section A, Line 7a - Any staff members who are employed at the academy including teachers, and all parents and legal guardians or students enrolled at the academy are the voters eligible to elect the members of the academy's board of directors. Form 990, Part VI, Section A, Line 7b Changes to the bylaws affecting the governance model of the school require (1) majority approval of a quorum of the board, and (2) approval by the licensed teachers employed by the school, and (3) approval by the school's authorizer, Friends of Education. Form 990, Part VI, Section A, Line 8b The organization does not have any committees with board authority to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b A draft of the Form 990 is reviewed and all financial information is verified by the academy's outsourced accountant. The Executive Director reviews the draft of the Form 990 for accuracy of non-financial information. Form 990, Part VI, Section B, Line 12c Board members complete annual conflict of interest statements requiring them to identify conflicts. These conflicts are shared with the board who shall determine if a conflict exists. If a conflict is determined to exist on a proposed board action, the board member refrains from voting on that action. All proceedings related to conflicts of interest are documented in the meeting minutes. Form 990, Part VI, Section B, Line 15 Compensation of the Executive Director (ED) was based on a survey of other large charter schools in the metro area and the MACS compensation survey. The offer agreement was drafted by the board chair and reviewed by the full board. Board approval is obtained annually. Compensation for all administrative positions is determined by the Executive Director, within the board approved budget. This process is completed annually. Form 990, Part VI, Section C, Line 19 Governing documents and policies are available to the public on Nova's website. Summary budgeted and actual revenue and expense information is on the website. The audited financial statements and documents listed above are available upon request. Summary financial information is also available on the Minnesota Department of Education's website. Friends of Nova Classical Academy 1455 Victoria Way Saint Paul MN 55102 800174213 To construct and lease building to Nova MN 501(c)(3) Line 12A, I Nova Classical Academy 1 0 0 0 1 0 0 0 1 0 0 1 1 0 1 1 0 1 0 0 Friends of Nova Classical Academy k 1730520 Lease Agreement