2024-05-06T15:31:50-05:00 2023-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2022-07-01 832162621 STEAM Academy STEA 6512368280 4100 66th Street East Inver Grove Heights MN 55076 Sarah Chebli Board Chair 6512368280 2024-05-06 1 Sarah Chebli XXX-XX-XXXX 1 Steven D Anseth CPA P00552219 9528359090 2024-05-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Sarah Chebli 4100 66th Street East Inver Grove Heights MN 55076 1356101 0 X www.steamacademymn.org X 2018 MN STEAM Academy embraces a multidisciplinary curriculum with an emphasis on Science, Technology, Engineering, Arts, and Mathematics (STEAM) to provide a learning-for-understanding environment which values personaland community accountability, creativity, diversity, critical Technology, Engineering, Arts, and Mathematics (STEAM) to provide a learning-for-understanding environment which values personal and community accountability, creativity, diversity, critical thinking, and multiculturalism. We believe that schools can prepare their studentsfor greater understanding of profound issues through collaboration, critical thinking and problem solving. We believe this is possible when learning is done with purpose. 5 4 17 4 0 0 1250821 1344566 0 137 0 0 32358 11398 1283179 1356101 0 0 0 0 255729 628465 0 0 0 734715 953937 990444 1582402 292735 -226301 345166 624612 52431 558178 292735 66434 X STEAM Academy embraces a multidisciplinary curriculum with an emphasis on Science, Technology, Engineering, Arts, and Mathematics (STEAM) to provide a learning-for-understanding environment which values personal and community accountability, creativity, diversity, critical thinking, and multiculturalism. We believe that schools can prepare their students for greater understanding of profound issues through collaboration, critical thinking and problem solving. We believe this is possible when learning is done with purpose. 0 0 1307274 137 In Steam's second year, the school provided education to grades Kindergarten through 5th grade ending the year with an average daily membership of 60. The school is involved with community members to bring continuously better education to the students it serves. 1307274 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X EdFin MN 6512368280 2303 Wycliff St Suite W-100 St Paul MN 55114 Makia Jama Member/Teacher 40.00 X 39658 0 4584 Sarah Chebli Chair 2.00 X X 0 0 0 Hamada Aboubakr Vice Chair 1.00 X X 0 0 0 Mahdi Nur Treasurer 1.00 X X 0 0 0 Maryam Arab Secretary 1.00 X X 0 0 0 Amina Adan Executive Director 40.00 X 0 0 0 39658 0 4584 0 0 0 0 Pride Transportation 45 Ivy Avenue W St Paul MN 55117 Transportation 137137 Students Prepared to Succeed 2303 Wycliff Street Suite W-100 St Paul MN 55114 Charter Management Organization Service 130070 2 1342066 2500 1344566 Lunches 900099 137 137 137 Pension Revenue 900099 11398 11398 11398 1356101 137 0 11398 X 36107 35310 797 318702 311666 7036 169674 147467 22207 73522 71374 2148 30460 28875 1585 22300 22300 319315 133707 185608 75635 66937 8698 127479 127479 249542 249542 9881 6335 3546 3980 3980 Food 76594 76124 470 Supplies 49903 37267 12636 Dues and memberships 11017 2920 8097 Equipment 8291 8291 1582402 1307274 275128 0 111582 126047 68665 87378 101263 223847 47477 82012 9881 0 72131 16179 115209 345166 624612 52431 247297 87284 0 223597 52431 558178 X 277740 -5697 14995 72131 292735 66434 345166 624612 -226301 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82012 9881 72131 72131 Deferred pension resources 115209 115209 Net pension liability 223597 223597 X 1346671 0 1346671 9430 9430 1356101 1572972 -9430 -9430 1582402 0 1582402 Part X, Line 2: The Charter School is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and similar state income tax laws. The Organization is not a private foundation and contributions to the Charter School qualify as a charitable tax deduction by the contributor. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2023. The Association's tax returns are subject to possible examination by the taxing authorities. Part XI, Line 4b - Other Adjustments: Negative pension expense reclassified to revenues Part XII, Line 2d - Other Adjustments: Negative pension expense reclassified to revenues 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Policies are posted on the website and send to MDE yearly along with Charter School Assurances. Line 6 - Explanation of Government Financial Aid: The school receives federal and state funding. Form 990, Part VI, Section A, line 3 Students Prepared to Succeed provided an Executive Director and support with recruitment, staffing, finances, grants, and other operations. Amina Adan, Executive Director, was listed in Part VII, Section A and was compensated $70,000 by Students Prepared to Succeed for services provided to STEAM Academy during the year. Form 990, Part VI, Section B, line 11b 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 prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization annually evaluates all conflict of interest policies submitted by board members and employees. The Organization's policies are communicated annually to the board and employees and to new board members and employees upon joining the Organization. Form 990, Part VI, Section B, line 15a Compensation is set by the Board of Directors based on the position, market, and experience. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Consultation fees : Program service expenses 20,792. Management and general expenses 117,481. Fundraising expenses 0. Total expenses 138,273. Contracted Services: Program service expenses 112,915. Management and general expenses 68,127. Fundraising expenses 0. Total expenses 181,042. Form 990, Part XII, Line 2c: The process has not changed from the prior year.