2025-05-01T11:01:17-05:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 204244605 Hmong Education Reform Company HMON 6513328560 1515 Brewster Street St Paul MN 55108 David Kloskin Chief Financial Officer 6513328560 2025-04-25 1 1 Steven D Anseth CPA P00552219 9528359090 2025-04-10 2023 2025-03-06 01:10:19Z David Kloskin 1515 Brewster Street St Paul MN 55108 5548214 0 X www.hcpak12.org X 2006 MN The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy. 3 0 0 0 0 0 0 0 5444461 5434330 58066 113884 0 0 5502527 5548214 0 0 0 0 0 0 0 0 0 5958429 5859627 5958429 5859627 -455902 -311413 77866851 76248454 79402616 78095632 -1535765 -1847178 The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy. 0 0 5787957 5434330 The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy. 5787957 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X David Kloskin 6513328560 1515 Brewster Street St Paul MN 55108 Luke Mead Board Chair/Project Manage 1.00 40.00 X X 0 84248 12057 Mariah Mercil Treasurer 1.00 40.00 X X 0 0 0 Jenee Nordstrom-Anderson Secretary/Teaching Directo 1.00 40.00 X X 0 104007 15209 0 188255 27266 0 0 0 0 0 Rental income 531120 5434330 5434330 5434330 113884 113884 5548214 5434330 0 113884 373908 373908 3711348 3639678 71670 1711819 1711819 Equipment 62552 62552 5859627 5787957 71670 0 -39339 3047279 3199062 84624303 11574911 74584715 73049392 274196 0 77866851 76248454 101534 71724020 70777806 6418063 5975092 1260533 1241200 79402616 78095632 X -3283172 -3703506 1747407 1856328 -1535765 -1847178 77866851 76248454 -311413 0 X X 0 1 X 1 0 X X X 1 Hmong College Prep Academy 641180277 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 7848820 7848820 76610734 11422866 65187868 164749 152045 12704 73049392 Accrued interest payable 1241200 1241200 X 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, 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. Charter School's financial condition, liquidity, and future results of its revenue collections is uncertain. A HRA of the City of St Paul 521440935 852297CA6 2016-12-01 43330000 To refund 2006A Bonds, acquire land, construct & equip capital improvements 0 0 0 B HRA of the City of St Paul 521440935 852297CZ1 2020-09-01 26060000 To refund 2012A bonds, new construction 0 0 0 C Port Authority of the City of Saint Paul 416005524 2020-09-01 7000000 Acquisition, construction, and equipping new building 0 0 0 A 43330000 866099 7090698 863433 43330000 2018 1 0 1 1 B 26060000 451975 16974641 237150 26060000 2021 1 0 1 1 C 7000000 7000000 2022 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 Form 990, Part VI, Section A, line 6 The Corporation's sole member is Hmong College Prep Academy Form 990, Part VI, Section A, line 7a The sole member, Hmong College Prep Academy, appoints the directors. Form 990, Part VI, Section B, line 11b The form 990 is reviewed in detail by the HERC Board Chair prior to filing. A final copy of the report is shared with the HERC Board. Form 990, Part VI, Section B, line 12c The board members are required to sign off on an annual conflict of interest form indicating they have acknowledged that no conflicts of interest existed. They are also required to review all vendor contracts as presented to the board and to ensure that no conflicts of interest exist with vendors. The school has not had a case where persons with conflict of interest existed since inception. If a conflict would arise, the individual would disclose the facts and circumstances to the remaining board memebrs who would review and determine if a conflict exists. The individual would not be allowed to participate in the determination, discussion, or vote on the transaction. All proceedings related to conflicts of interest would be documented in the meeting minutes. Form 990, Part VI, Section C, line 19 The Corporation makes its governing documents and financial statements available upon request. The form 900 is also available on GuideStar. Form 990, Part XII, Line 2c: This process has not changed from the prior year. Hmong College Prep Academy 1515 Brewster Street St Paul MN 55108 651180277 Education MN 501(c)(3) Line 2 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0