2024-01-29T11:28:02-06:00 2023-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2022-07-01 873058139 VENTURE ACADEMY BUILDING CORPORATION VENT 6123459040 315 27TH AVE SE MINNEAPOLIS MN 55414 MICHAEL WARNER CHAIR 6123459040 2024-01-22 1 MICHAEL WARNER 999009999 0 SHELLEY M GAETZ P00066049 3202510286 2024-01-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL WARNER 315 27TH AVE SE MINNEAPOLIS MN 55414 730555 0 X N/A X 2021 MN SUPPORTING VENTURE ACADEMIES SCHOOL IN SECURING A LONG TERM FACILITY TO MEET THEIR EDUCATIONAL MISSION. 3 0 0 3 0 0 0 0 107857 672398 212 58157 0 0 108069 730555 0 0 0 0 0 0 0 0 0 1264396 1007893 1264396 1007893 -1156327 -277338 9338261 9132675 10494588 10566340 -1156327 -1433665 SUPPORTING VENTURE ACADEMIES SCHOOL IN SECURING A LONG TERM FACILITY TO MEET THEIR EDUCATIONAL MISSION. 0 0 1007893 672398 SUPPORTING VENTURE ACADEMIES SCHOOL IN SECURING A LONG TERM FACILITY TO MEET THEIR EDUCATIONAL MISSION. 1007893 1 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 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 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MN X EDFINMN 6512943508 2303 WYCLIFF STREET SUITE W-100 ST PAUL MN 55114 MICHAEL WARNER CHAIR 1.00 40.00 X X 0 93036 0 ELISE WEHRMAN TREASURER 1.00 40.00 X X 0 77961 0 HEIDI SMITH SECRETARY 1.00 40.00 X X 0 87299 0 0 258296 0 0 0 0 0 0 RENT REVENUE 531390 672398 672398 672398 58157 58157 730555 672398 0 58157 X 12000 12000 257689 257689 563017 563017 175186 175186 EQUIPMENT EXPENSE 1 1 1007893 1007893 0 0 1985031 49763 1404346 4610 7314 7860470 189218 7348620 7671252 9338261 9132675 286316 46589 10095177 10107903 113095 411848 10494588 10566340 X -1156327 -1433665 0 0 0 0 -1156327 -1433665 9338261 9132675 -277338 0 X 0 1 X 1 1 1 X X X 1 VENTURE ACADEMIES 611677994 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 0 PART IV, SECTION E, LINE 2A: THE SOLE FUNCTION AND PURPOSE OF VENTURE ACADEMY BUILDING CORPORATION IS TO SUPPORT THE MISSION OF VENTURE ACADEMY BY THE PROVISION OF PREMISES WITH WHICH TO CONDUCT THE BUSINESS OF A CHARTER SCHOOL. VENTURE ACADEMY (A CHARTER UNDER MINNESOTA STATUTE) AND ITS AFFILIATED BUILDING COMPANY, VENTURE ACADEMY BUILDING CORPORATION, ARE SYMBIOTIC BUT SEPARATE SUPPORTING ENTITIES EACH OPERATING AS A 501(C)(3) NON-PROFIT CORPORATION. MINNESOTA STATUTES PROHIBIT THE OWNERSHIP OF "REAL PROPERTY" BY CHARTER SCHOOLS, BUT ALLOW SUCH OWNERSHIP BY "AFFILIATED BUILDING COMPANIES." 2241000 2241000 5619470 189218 5430252 7671252 AMOUNTS OWED TO VENTURE ACADEMY 411848 411848 X PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE ORGANIZATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ORGANIZATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ORGANIZATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ORGANIZATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ORGANIZATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. FORM 990, PART VI, SECTION A, LINE 3 BOARD REVIEWS 990 WHEN RETURN IS COMPLETE. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEWS 990 WHEN RETURN IS COMPLETE. FORM 990, PART VI, SECTION C, LINE 18 ALL GOVERNING DOCUMENTS OF THE RELATED ORGANIZATION (VENTURE ACADEMIES SCHOOL) INCLUDING POLICIES ARE PUBLISHED ON THE SCHOOL WEBSITE WWW.VENTUREACADEMIES.ORG . THE BUILDING COMPANY FINANCIALS AND STATEMENTS ARE POSTED TO EMMA FOR DISCLOSURE AND PUBLIC REVIEW. FORM 990, PART VI, SECTION C, LINE 19 VENTURE ACADEMY ACCEPTS REQUESTS IN WRITING OR ELECTRONICALLY FOR VIEWING OF DOCUMENTS THAT ARE DEEMED PUBLIC INFORMATION. MUCH OF THIS INFORMATION IS AVAILABLE AT BOARD MEETINGS FOR REVIEW. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 257,689. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 257,689. VENTURE ACADEMIES 315 27TH AVE SE MINNEAPOLIS MN 55414 611677994 EDUCATING STUDENTS WHILE FOLLOWING STATE EDUCATION STANDARDS. MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 VENTURE ACADEMIES J 616246 FMV OF RENTAL INCOME RECEIVED