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        <ExplanationTxt>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, 2024, 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.</ExplanationTxt>
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        <ExplanationTxt>The member of the corporation is St. Croix Preparatory Academy.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
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        <ExplanationTxt>St. Croix Preparatory Academy, the sole member, shall appoint the directors.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>The Form 990 is prepared by an independent accounting firm and reviewed by the school's management/ The reviewed draft of the Form 990 is provided to the board electronically prior to filing with the IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>The Organization makes its governing documents and financial statements available to the public upon request, and they do not have a conflict of interest policy.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>The Organization follows a modified accrual method of accounting as prescribed by the Minnesota Department of Education. The government wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and simila items are recognized when all eligibility requirements imposed by the provider have been met.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>The process for oversight and selection of an independent accountant has not changed from the prior year.</ExplanationTxt>
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