2024-05-15T04:13:28-07:00 2023-06-30 Robert Reese Procaccini CPA 2489 Rice Street Roseville MN 55113 990 2022-07-01 208933066 LIONSGATE ACADEMY LION 7634866359 5605 Green Circle Drive Minnetonka MN 55343 Aaron Leisen Director of Finance and Operations 6122170436 2024-05-15 1 Aaron Leisen 999009999 1 Robert Procaccini P01890510 6513092233 2024-05-15 X 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Aaron Leisen 5605 Green Circle Drive Minnetonka MN 55343 27214201 0 X X 2007 MN Lionsgate Academy provides a transition-focused, tailored learning program for students with ASD. 9 6 387 9 0 0 23761104 26997126 9664 201266 926 15809 0 0 23771694 27214201 0 0 0 0 15132895 16431428 0 0 0 8845038 10757547 23977933 27188975 -206239 25226 28156380 29430062 35781765 37030221 -7625385 -7600159 The mission of Lionsgate Academy is to foster self determination by providing a transition-focused, personalized learning program for all students, specializing in educating students with autism spectrum disorders. 0 0 25699740 0 0 Lionsgate Academy will create an educational environment that will model best instructional practices and research based techniques so that the graduates of Lionsgate Academy will - to the fullest extent possible - live independently, be involved in further education or gainful employment, and develop meaningful relationships with others. Lionsgate Academy served 388 students in grades seven through twelve during 2022-2023, its fifthteenth year of operation. 152267 0 0 Food service program: provides meals that cater to all students nutritional needs and restrictions. 0 0 0 25852007 1 0 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 17 0 1 387 1 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X Aaron Leisen 6122170436 5605 Green Circle Drive Minnetonka MN 55343 Diane Restorff Executive Director 42 0 X 132355 0 11928 Aaron Leisen Director of Finance and Operations 42 0 X 120353 0 19638 Janet Ha Director 42 0 X 57217 0 14457 Molly Figenskau Secretary 42 0 X X 54458 0 11596 Andrew Birnstengel Director 42 0 X 49886 0 12393 Ann Wiesner Chair 2 0 X X 0 0 0 Pauline Bangma Vice Chair 2 0 X X 0 0 0 Amiri Brotherson Treasurer 2 0 X X 0 0 0 Jason Pusey Director 2 0 X 0 0 0 Jeff Nickolas Director 2 0 X 0 0 0 Rachel Osband Director 2.00 0 X 0 0 0 414269 0 70012 2 0 0 0 CST MN 615 1st Ave NE Ste 115 Minneapolis MN 55413 Transportation 1254151 Twin City Transportation 1408 Northland Dr Ste 101 Mendota Heights MN 55120 Transportation 2757238 2 0 0 0 0 26827329 169797 0 26997126 Student Fees 611710 144696 144696 0 0 Food Service 611710 56570 56570 0 0 0 0 0 0 201266 15809 15809 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27214201 217075 0 0 X 504229 207188 297041 12258003 11788703 469300 1059962 998840 61122 1702204 1644750 57454 907030 850810 56220 198671 198671 4121 4121 91297 91297 535071 535071 165415 108379 57036 231339 209742 21597 2701847 2701847 57817 36484 21333 1110 1110 2058601 2058601 -6932 -6932 Food Service 154043 152267 1776 Transportation 4654195 4654195 0 Instructional Materials 127974 127974 0 0 Pension Expenses per ACT -217022 -217022 0 0 27188975 25852007 1336968 0 244419 0 1145310 1436627 0 2185839 1629568 11919 0 0 0 0 0 0 0 0 174028 1973 23588357 4014696 18682839 19573661 0 0 0 0 0 0 0 0 6280216 6220043 28156380 29430062 1911988 2348089 0 0 48206 0 0 0 0 0 0 0 0 0 0 0 33821571 34682132 35781765 37030221 X 0 0 -7985492 113173 360107 -7713332 -7625385 -7600159 28156380 29430062 25226 0 0 0 0 0 X X 0 1 X 1 0 X 0 0 0 0 0 0 0 0 864459 262295 602164 0 416548 141998 274550 0 22307350 3610403 18696947 19573661 Pension plan deferments 6058240 Lease receivable 161803 6220043 Lease liabilities payable 19460488 Net pension liability - TRA 9064457 Net pension liability - PERA 4736180 Pension plan deferments 1259204 Lease revenue for subsequent years 161803 34682132 X 27214201 0 0 0 0 0 27214201 0 0 0 27214201 27188975 0 0 0 0 0 27188975 0 0 0 27188975 Schedule D, Part X, Line 2 - Lionsgate Academy is exempt from income taxes under Internal Revenue Code Section 501(c)(3). Lionsgate Academy is subject to tax on income from any unrelated business; however, Lionsgate Academy has no unrelated businesses. Lionsgate Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Lionsgate Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. Lionsgate Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on Lionsgate Academy's financial condition, results of operations, or cash flows. Accordingly, Lionsgate Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2023. 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 nondiscrimination policy is available on Lionsgate Academy's website under the School Policy section. Schedule E, Part I, Line 6 Lionsgate Academy receives aid through the State of Minnesota for the purpose of providing education services to students. Form 990, Part VI, Section A, Line 1b Several members of the board are teachers at Lionsgate Academy. Minnesota State statute 124D.10 subd. 4(g) requires the board to have at least one member that is an employed/contracted teacher. Lionsgate Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. Lionsgate Academy's approved Authorizer during the fiscal year 2023 was Novation Education Opportunities. Form 990, Part VI, Section B, Line 11b Distributed to all board members. Reviewed in detail by Finance Committee and presented to the board. Board approves Form 990. Form 990, Part VI, Section B, Line 12c Administration reminds the Board of issues that could create a conflict when such issues arise. Finance Committee regularly reviews cash disbursements. Form 990, Part VI, Section B, Line 15 Executive Director Review Committee reviews Executive Director's performance and recommends compensation to the full board annually. Lionsgate Academy performs an annual compensation review for all positions against similarly situated and sized organizations in its home metro area. 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 and on website. Form 990, Part IX, Line 24e During the fiscal year ending June 30, 2023, actuarial assumptions resulted in an estimated pension liability, which reduced expenses for the current year by $(217,022). Form 990, Part XII, Line 2c The board assumes the same responsibility for the financial statements it has in the past. The selection process and procedures have not changed from the prior year. The financial statements are prepared by an independent accounting firm. The statements are reviewed and approved by the board before being issued.