2025-01-28T15:55:31-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 811733895 GREAT MN SCHOOLS GREA 6123611309 729 N WASHINGTON AVE 6TH FLOOR MINNEAPOLIS MN 55401 JEN STERN CEO 6123611309 2025-01-15 1 1 SARAH REICHLING P01587996 6123764500 2025-01-15 2023 2025-03-06 01:10:19Z JEN STERN 729 N WASHINGTON AVE 6TH FLOOR MINNEAPOLIS MN 55401 5930581 0 X WWW.GREATMNSCHOOLS.ORG X 2016 MN MAKES STRATEGIC INVESTMENTS IN PROVEN AND PROMISING SCHOOLS, PROVIDING THE EXPERT GUIDANCE, FUNDING RESOURCES TO CREATE A COMMUNITY OF GREAT SCHOOLS. 14 14 18 45 0 0 5152588 5912950 0 0 38 17631 0 0 5152626 5930581 609500 995500 0 0 1617378 2061185 0 0 566329 2612255 2635290 4839133 5691975 313493 238606 435285 944896 376633 412723 58652 532173 WE BELIEVE THAT GREAT SCHOOLS ARE THE CORNERSTONE OF A JUST AND THRIVING COMMUNITY. ENSURING THAT EVERY CHILD IS ABLE TO ATTEND A SCHOOL THAT WORKS IS OUR MORAL AND SOCIAL IMPERATIVE - OUR CHILDREN DESERVE NO LESS. 0 0 4612516 995500 0 GREAT MN SCHOOLS PARTNERS WITH PROMISING SCHOOLS GUIDING THEIR IMPROVEMENT AND GROWTH, STRENGTHENING STUDENTS' LEARNING EXPERIENCES, AND ADVANCING EDUCATIONAL OUTCOMES. WORKING WITH COMMUNITY-BASED PARTNERS, WE SUPPORT FAMILIES IN MAKING INFORMED DECISIONS ON ENROLLMENT AND ADVOCATING FOR THEIR CHILDREN WITHIN SCHOOLS. AND WE ENGAGE THE COMMUNITY AS PARTNERS, BUILDING SUPPORT FOR PROVEN SOLUTIONS. 4612516 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X JEN STERN 6123611309 729 N WASHINGTON AVE 6TH FL MINNEAPOLIS MN 55401 ALBERTO MONSERRATE CHAIR 4.00 X X 0 0 0 STAN ALLEYNE VICE CHAIR 1.00 X X 0 0 0 SARAH CLYNE TREASURER 1.00 X X 0 0 0 ROSITA BALCH DIRECTOR 1.00 X 0 0 0 BECKY ERDAHL DIRECTOR 1.00 X 0 0 0 AL FAN DIRECTOR 1.00 X 0 0 0 BERNADEIA JOHNSON DIRECTOR 1.00 X 0 0 0 JULIE BAKER DIRECTOR 1.00 X 0 0 0 SONDRA SAMUELS DIRECTOR 1.00 X 0 0 0 PHIL SORAN DIRECTOR 1.00 X 0 0 0 BEN WHITNEY DIRECTOR 1.00 X 0 0 0 HABON ABDULLE DIRECTOR 1.00 X 0 0 0 TAD PIPER DIRECTOR 1.00 X 0 0 0 ROB ALBRIGHT DIRECTOR 1.00 X 0 0 0 JENNIFER STERN EXECUTIVE DIRECTOR 40.00 X 295110 0 47957 SHEILAH KAVANEY SENIOR DIRECTOR OF OPERATIONS AND SCHOOL SUPPORT 40.00 X 156384 0 37010 KARN ENGELSGJERD SENIOR DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 160275 0 24042 MELISSA LONG DIRECTOR OF LITERACY 40.00 X 146481 0 24999 KYLE PARSONS VP OF COMMUNITY ENGAGEMENT 40.00 X 147861 0 28174 906111 0 162182 5 0 1 0 0 5912950 5912950 17631 17631 5930581 0 0 17631 995500 995500 336010 211686 60482 63842 1472922 927941 265126 279855 43918 27668 7905 8345 84397 53171 15192 16034 123938 78081 22309 23548 992 992 59191 59191 40000 40000 101552 63978 18279 19295 146113 146113 24839 15649 4471 4719 85980 54168 15476 16336 29104 18335 5239 5530 113989 113989 24416 24416 2751 1733 495 523 SCHOOL SUPPORT EXPENSES 1931038 1931038 COMMUNICATIONS SUPPORT 59237 37319 10663 11255 MISCELLANEOUS EXPENDITU 9477 5971 1704 1802 EQUIPMENT 6611 4165 1190 1256 5691975 4612516 513130 566329 392321 799025 0 10888 22170 61489 3005 3005 417 0 20377 73494 435285 944896 95582 273968 260000 42500 21051 96255 376633 412723 X 58652 532173 58652 532173 435285 944896 238606 234915 0 X 0 1 X 1 0 X 3798770 4065443 3619198 5152588 5912950 22548949 3798770 4065443 3619198 5152588 5912950 22548949 22548949 125 62 38 17631 17856 25619 25619 22592424 0.99810 0.99340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 25,619. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 40000 0 0 40000 0 PART II-B, LINE 1: GREAT MN SCHOOLS COORDINATED A GROUP TO OPPOSE DELAYING THE RELEASE OF MINNESOTA COMPREHENSIVE ASSESSMENT DATA TO THE PUBLIC. THERE WAS A BILL THAT WOULD HAVE ALLOWED THE MINNESOTA DEPARTMENT OF EDUCTION TO HAVE UNTIL DECEMBER TO RELEASE MINNESOTA COMPREHENSIVE ASSESSMENT STATE TESTING DATA TO THE PUBLIC. MINNESOTA COMPREHENSIVE ASSESSMENT IS ADMINISTERED IN APRIL AND EARLY MAY. DATA IS RELEASED TO THE SCHOOLS SHORTLY THEREAFTER BUT EMBARGOED. DATA IS RELEASED TO THE PUBLIC AT THE END OF AUGUST. GREAT MN SCHOOLS COORDINATED SUPPORT FOR THE READ ACT THAT REQUIRES SCHOOLS TO USE THE SCIENCE OF READING TO TEACH READING INSTRUCTION. 3005 3005 0 0 RIGHT OF USE ASSETS 73494 73494 LEASE LIABILITY 96255 96255 X 5930581 0 5930581 0 5930581 5691975 0 5691975 0 5691975 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MINNESOTA. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. NO LIABILITY WAS RECOGNIZED BY THE ORGANIZATION AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD. THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE (IRS). 1 AFRICAN AMERICAN LEADERSHIP FORUM PO BOX 582656 MINNEAPOLIS MN 55458 472200830 501(C)(3) 10000 0 FISCAL YEAR INVESTMENT CENTRO TYRONE GUZMAN 1915 CHICAGO AVE S MINNEAPOLIS MN 55404 411290349 501(C)(3) 60000 0 FISCAL YEAR INVESTMENT COSMOS MONTESSORI SCHOOL 310 EAST 38TH ST STES 133-135 MINNEAPOLIS MN 55409 823187122 501(C)(3) 22500 0 FISCAL YEAR INVESTMENT CRISTO REY JESUIT HIGH SCHOOL 2924 4TH AVENUE ST MINNEAPOLIS MN 55408 204548714 501(C)(3) 40000 0 FISCAL YEAR INVESTMENT ED ALLIES 1621 E HENNPIN AVE STE 295 MINNEAPOLIS MN 55414 352573057 501(C)(3) 30000 0 FISCAL YEAR INVESTMENT GLOBAL ACADEMY 3000 5TH ST NW NEW BRIGHTON MN 55112 300417217 501(C)(3) 25000 0 FISCAL YEAR INVESTMENT GOOD TROUBLE CO PROPEL NONPROFITS 1 SE MAIN STREET MINNEAPOLIS MN 55414 411916337 501(C)(3) 10000 0 FISCAL YEAR INVESTMENT INDIGENOUS ROOTS 788 7TH ST E SAINT PAUL MN 55106 474492457 501(C)(3) 10000 0 FISCAL YEAR INVESTMENT LEAD THE WAY MN 4001 STINSON BLVD NE STE 401 MINNEAPOLIS MN 55421 851669729 501(C)(3) 70000 0 FISCAL YEAR INVESTMENT LITTLE EARTH RESIDENTS ASSOCIATION 2495 18TH AVE S MINNEAPOLIS MN 55404 363309894 501(C)(3) 25000 0 FISCAL YEAR INVESTMENT MINNESOTA ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS (MACSA) 40 S 7TH ST STE 212 MINNEAPOLIS MN 55402 815310441 501(C)(3) 20000 0 FISCAL YEAR INVESTMENT NATIONAL PARENTS UNION 388 PLEASANT ST STE 308 MALDEN MA 02148 834333274 501(C)(3) 100000 0 FISCAL YEAR INVESTMENT NEW CITY SCHOOL 1500 6TH ST NE MINNEAPOLIS MN 55413 412006469 501(C)(3) 88000 0 FISCAL YEAR INVESTMENT NORTHEAST COLLEGE PREP 300 INDUSTRIAL BLVD NE MINNEAPOLIS MN 55413 462577480 501(C)(3) 45000 0 FISCAL YEAR INVESTMENT NORTHSIDE ACHIEVEMENT ZONE 1964 N 2ND STREET MINNEAPOLIS MN 55411 300238807 501(C)(3) 35000 0 FISCAL YEAR INVESTMENT PHYLLIS WHEATLEY COMMUNITY CENTER INC 1301 10TH AVE N MINNEAPOLIS MN 55411 410706132 501(C)(3) 30000 0 FISCAL YEAR INVESTMENT PILLSBURY UNITED COMMUNITIES 125 WEST BROADWAY AVE STE 130 MINNEAPOLIS MN 55411 410916478 501(C)(3) 30000 0 FISCAL YEAR INVESTMENT PRODEO ACADEMY 4141 UNIVERSITY AVE NE COLUMBIA HEIGHTS MN 55421 800743744 501(C)(3) 230000 0 FISCAL YEAR INVESTMENT URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVENUE ST MINNEAPOLIS MN 55408 363558710 501(C)(3) 50000 0 FISCAL YEAR INVESTMENT WAY TO GROW 201 IRVING AVE N STE 100 MINNEAPOLIS MN 55405 710956749 501(C)(3) 35000 0 FISCAL YEAR INVESTMENT 20 0 PART I, LINE 2: PRIOR TO AN INVESTMENT BEING AWARDED TO A GRANTEE, GMS DOES DEEP DUE DILIGENCE, INCLUDING LEADERSHIP INTERVIEWS, SITE VISITS, FINANCIAL REVIEWS, MEETINGS WITH THE GOVERNANCE BOARDS, AND REVIEWS OF OPERATIONAL AND ACADEMIC PROCESSES AND RESULTS. EACH INVESTMENT AWARDED HAS A GRANT AGREEMENT THAT INCLUDES A SET OF MULTI-YEAR MILESTONES. SCHOOLS REPORT OUT ON THEIR MILESTONES PER THE TERMS OF THE GRANT AGREEMENT (AT LEAST ANNUALLY). GMS ALSO MEETS WITH THE SCHOOL LEADERSHIP ON A REGULAR BASIS, AND PROVIDES STRATEGIC GUIDANCE AS SUPPORT AS NEEDED, TO ENSURE THE SCHOOLS' ONGOING SUCCESS. FOR PLANNING GRANTS, GMS SUPPORTS THE SCHOOL IN A PLANNING PROCESS, INCLUDING REGULAR CHECK-INS. THE DELIVERABLE OF THOSE GRANTS IS A STRATEGIC GROWTH PLAN. ALL GRANTS / INVESTMENTS ARE APPROVED BY THE GMS BOARD. X X X 0 0 0 0 0 0 0 0 0 JENNIFER STERN EXECUTIVE DIRECTOR 289110 0 6000 0 0 0 8856 0 39101 0 343067 0 0 0 SHEILAH KAVANEY SENIOR DIRECTOR OF OPERATIONS AND SC 153384 0 3000 0 0 0 9822 0 27188 0 193394 0 0 0 KARN ENGELSGJERD SENIOR DIRECTOR OF EXTERNAL AFFAIRS 157275 0 3000 0 0 0 9617 0 14425 0 184317 0 0 0 KYLE PARSONS VP OF COMMUNITY ENGAGEMENT 147861 0 0 0 0 0 8974 0 19200 0 176035 0 0 0 MELISSA LONG DIRECTOR OF LITERACY 146481 0 0 0 0 0 10255 0 14744 0 171480 0 0 0 ALBERTO MONSERRATE BOARD CHAIR 37275 GREAT MN SCHOOLS PAID NEWPUBLICA, OWNED BY ALBERTO, FOR PRODUCTION AND PROMOTION SERVICES 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. ONLY OCCASIONALLY, THE BOARD MAY DESIGNATE DECISION MAKING TO COMMITTEES ON A SPECIFIC ISSUE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS FURNISHED TO EACH OFFICER, DIRECTOR, OR COMMITTEE MEMBER WHO IS PRESENTLY SERVING THE ORGANIZATION OR WHO MAY BECOME ASSOCIATED WITH THE ORGANIZATION. THIS POLICY SHALL BE CALLED TO THE ATTENTION OF THE BOARD OF DIRECTORS AT LEAST ANNUALLY AT A REGULAR MEETING, AND RECORDED IN THE MINUTES OF SUCH MEETING. IT IS THE POLICY OF GREAT MN SCHOOLS THAT ALL OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS SCRUPULOUSLY AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE INDIVIDUAL INTEREST AND THE INTERESTS OF THE ORGANIZATION IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE ORGANIZATION IN THEIR REPRESENTATIVE CAPACITIES. THIS IS OF PARTICULAR IMPORTANCE BECAUSE A NUMBER OF OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS MAYBE INDIVIDUAL FUNDERS OR REPRESENTATIVES OF ORGANIZATIONS THAT ARE SIGNIFICANT FUNDERS OF THE ORGANIZATION. GREAT MN SCHOOLS MAY ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST IF ANY OF THE FOLLOWING ARE TRUE: FAIRNESS AND REASONABLENESS: THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE TO THE ORGANIZATION WILL BE DETERMINED BY LOOKING TO THE TIME THE CONTRACT OR TRANSACTION WAS AUTHORIZED, APPROVED, OR RATIFIED. THE PARTY ASSERTING THE VALIDITY OF THE CONTRACT OR TRANSACTION HAS THE BURDEN OF ESTABLISHING THE CONTRACT OR TRANSACTION'S FAIRNESS AND REASONABLENESS TO THE ORGANIZATION. DISCLOSURE OF MATERIAL FACTS TO THE BOARD: THE MATERIAL FACTS ABOUT BOTH THE CONTRACT OR TRANSACTION AND A DIRECTOR'S INTEREST IN THE CONTRACT OR TRANSACTION ARE EITHER FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE. IN SUCH CASES, THE DIRECTOR MUST ACKNOWLEDGE THEIR CONFLICT AND ABSTAIN FROM THE BOARD VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO SALARY WAS DETERMINED BASED ON GUIDANCE FROM AN EXECUTIVE SEARCH FIRM, AND SET IN 2016. THE EXECUTIVE SEARCH FIRM LOOKED AT COMPARABILITY DATA, INCLUDING DATA FROM OTHER CITIES THAT HAVE SIMILAR ENTITIES. THE FIRST YEAR OF A SALARY INCREASE FOR THE CEO WAS ARTICULATED IN THE ORIGINAL EMPLOYMENT CONTRACT. THIS RAISE LAST OCCURRED IN 2020. COMPENSATION FOR THE CEO, AS WELL AS FOR THE OTHER MEMBERS OF THE TEAM, IS TIED TO PERFORMANCE ON THE ANNUAL EVALUATION PROCESS. EACH TEAM MEMBER SETS GOALS, AND THEIR COMPENSATION ADJUSTMENTS ARE TIED TO PERFORMANCE AGAINST THEIR GOALS, AS WELL AS PERFORMANCE AGAINST A SET OF VALUE DRIVEN BEHAVIORS. PERFORMANCE OF THE CEO IS TIED TO THE PERFORMANCE OF THE ORGANIZATION, AND ANNUAL GOALS ARE SET EACH YEAR. THE BOARD COLLECTIVELY REVIEWS CEO PERFORMANCE, BASED ON 1)ORGANIZATION PERFORMANCE AGAINST GOALS 2)BOARD SURVEY AND 3)STAFF SURVEY. PERFORMANCE ASSESSMENT HAPPENS IN OCTOBER OF EACH YEAR, AT THE BOARD MEETING, WITH SALARY ADJUSTMENT RETROACTIVE TO JULY 1. THE CEO PERFORMANCE REVIEW IS THEN DELIVERED BY THE BOARD CHAIR, TO THE CEO IN A 1:1 DISCUSSION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 CONTACT INFO@GREATMNSCHOOLS.ORG TO GET ITEMS AVAILABLE TO THE PUBLIC