2024-11-15T13:32:50-06:00 2024-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2023-07-01 851266360 Gentry Academy GENT 6516048300 1420 County Road E East Vadnais Heights MN 55110 Jennifer Kurth Executive Director 6516048300 2024-11-15 1 1 Steve Anseth P00552219 9528359090 2024-11-15 2023 2024-10-15 13:58:12Z X Jennifer Kurth 1420 County Road E East Vadnais Heights MN 55110 4532271 0 X www.gentryacademy.org X 2021 MN Building Tomorrow's Leaders! At the core of Gentry Academy's ability to build great leaders is the future philosophy that true leadership does not come from a single characteristic but rather a collection of traits, values and skills that work together. It is Gentry Academy's mission to strive to bring together this collection of traits, values and skills on a daily basis so as to help the students achieve their best possible self. 7 5 48 29 0 0 3230230 3642148 1060659 830700 0 0 16740 59423 4307629 4532271 0 0 0 0 2858216 2339361 0 0 0 2503686 2497095 5361902 4836456 -1054273 -304185 7159249 6656245 7842618 7643799 -683369 -987554 X Gentry Academy's vision to "Build Tomorrow's Leaders creates the foundation that all learning and development is built upon. Through its high-quality Leadership and Life Skills Program students are guided to discover, recognize and embrace their own unique skills set, passions and opportunities for personal growth that set them up for success in life. Students are presented with a powerful opportunity to learn in a traditional classroom setting that is integrated with the highest-caliber leadership and W.I.N. (What I Need) Time curriculum. Each student deserves not only the best opportunities to learn and grow but also should enjoy the advantage of being surrounded by innovative and passionate peers who will simultaneously challenge and support them 0 0 4422511 830700 Gentry Academy had an enrollment of approximately 312 students for the 2023-2024 school year in grades 5-12. 4422511 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 7 0 1 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X X EdFinMN 6124819634 2303 Wycliff St St Paul MN 55114 Nikki Foley Board Chair 5.00 X X 0 0 0 Beau McGraw Vice Chair 1.00 X X 0 0 0 Ellie Neumann Secretary/Teacher 40.00 X X 52417 0 4535 Joe Norlin Treasurer 3.00 X X 0 0 0 Samuel Fellows Member 1.00 X 0 0 0 Megan Stone Member/Leadership Director 40.00 X 87780 0 7596 Akiko Ziegler Member 1.00 X 0 0 0 Jennifer Kurth Ex-offico - Exec. Director 40.00 X 115102 0 10071 255299 0 22202 1 0 0 0 Voigt Bus Companies 24243 County Road 7 St Augusta MN 56301 Transportation 212265 Done Right 4305 Central Ave NE Columbia Heights MN 55421 Food Service Vendor 190693 2 3629527 12621 3642148 Fees from Patrons 900099 662070 662070 Student Activities 900099 131574 131574 Miscellaneous Revenue 900099 19394 19394 Food Sales to Pupils 900099 17662 17662 830700 Pension Revenue 900099 59423 59423 59423 4532271 830700 0 59423 283981 250918 33063 1276653 1119264 157389 580044 557968 22076 89943 79345 10598 108740 106175 2565 588 588 69000 69000 475938 433915 42023 65959 51949 14010 104348 77690 26658 190926 190926 1334 1334 24156 20406 3750 40064 40064 Lease Expense 1321416 1321416 Food 133167 132749 418 Dues and Memberships 40731 8924 31807 Instructional Supplies 29468 29468 4836456 4422511 413945 0 277606 481002 279516 489164 7339 11521 7396583 2218770 5878204 5177813 705063 508266 7159249 6656245 141464 306912 14935 42984 7686219 7293903 7842618 7643799 X -707746 -987554 24377 0 -683369 -987554 7159249 6656245 -304185 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7238202 2171460 5066742 158381 47310 111071 5177813 Deferred Outflows 508266 508266 Lease Liability 5483845 Pension Liability 1765748 Deferred Inflows 44310 7293903 X 4489117 0 4489117 43154 43154 4532271 4793302 -43154 -43154 4836456 0 4836456 Part X, Line 2: The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The 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 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. Part XI, Line 4b - Other Adjustments: Negative pension expense reclassified as revenue 43,154. Part XII, Line 2d - Other Adjustments: Negative pension expense reclassified as revenue -43,154. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Gentry Academy has a year round enrollment process that includes a lottery process when a waiting list is formed. These documents are available on the Gentry Academy website. Schedule E, Part I, Line 6 The Organization receives financial aid and assistance from the Minnesota Department of Education and U.S. Department of Education. Form 990, Part VI, Section B, line 11b The Form 990 was prepared by an independent accounting firm. EdFinMN and the Executive Director will review the Form 990 prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The School's conflict of interest policy covers directors, officers, and employees with the power to influence actions undertaken. On-going disclosures of potential conflicts shall be reported to the school board to determine if a conflict exists. Transaction with conflicts of interest may be undertaken if the conflict is fully disclosed, the conflicted individual is excluded from the discussion and approval of the transaction, a competitive bid or comparable valuation exists, and the board has determined that the transaction is in the best interest of the school. All proceedings related to conflicts of interest will be documented in the meeting minutes. Form 990, Part VI, Section B, line 15a The Board of Directors determines management's compensation based on comparable data, years of service, and consulting input. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request. The form 990 is also available on GuideStar. Form 990, Part XII, Line 2c: The school board shall appoint independent certified public accountants to audit, examine, and report upon the books and records of Gentry Academy. The school board may enter into a contract with a person or firm to provide the agreed upon services. Form 990, Heading, Item B: During the extension process for this return, the return itself was accidentally filed & accepted, instead of the extension. At that time, the return overall was not complete yet. This return is being amended to submit a complete Form 990 for Gentry Academy.