2024-05-06T08:24:35-05:00 2023-06-30 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2022-07-01 411965774 BlueSky Charter School BLUE 6516420888 2051 Killebrew Drive 500 Bloomington MN 55425 Amy Larsen Executive Director 6516420888 2024-05-02 1 Amy Larsen XXX-XX-XXXX 0 Victoria L Holinka P00735616 9525450424 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Amy Larsen 2051 Killebrew Drive 500 Bloomington MN 55425 7922604 0 X www.blueskyschool.org X 2000 MN Bringing quality online education and diverse learners together. 7 4 100 8 0 0 700443 716631 7691582 7205600 18167 373 0 0 8410192 7922604 0 0 0 0 5986909 6512470 0 0 0 1122247 447357 7109156 6959827 1301036 962777 8894688 8545767 10684081 9372383 -1789393 -826616 Bringing quality online education and diverse learners together. 0 0 5768175 7205600 BlueSky Charter School is defining education for the 21st century by creating an individualized, dynamic education for all students. We are committed to empowering our community by facilitating relevant learning, skills, hopes, and relationships. Our unique personal approach to online learning is unmatched by other schools. Our three-person teams of caring professionals offer students the support and one-on-one attention they need to succeed. BlueSky Charter School provides educational programs for grades 6-12 in compliance with Minnesota Public education. During the fiscal year ended June 30, 2023 the School served an estimated 593 students. 5768175 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 0 0 1 9 0 1 100 1 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Amy Larsen 6516420888 2051 Killebrew Drive Ste 500 Bloomington MN 55425 Julie Johnson Secretary 40.00 X X 70629 0 7121 Matthew Schempp Vice Chair 40.00 X 60134 0 11175 Heidi Kelbel Member 40.00 X 57725 0 5796 Sanda Meinerts Member 5.00 X 0 0 0 Allen Charles Member 5.00 X 0 0 0 Judy Pekarek Treasurer 5.00 X X 0 0 0 Jim Stocco Chair 10.00 X X 0 0 0 188488 0 24092 2 0 0 0 0 716435 196 716631 Federal and State Sour 611710 7140235 7140235 Other Educational Purp 611710 65365 65365 7205600 373 373 7922604 7205600 0 373 431974 299412 132562 4549001 4135495 413506 443405 398289 45116 717191 640357 76834 370899 329896 41003 158409 74023 84386 1395 1395 100865 100865 40222 40222 166783 126089 40694 206058 124097 81961 395215 392070 3145 107840 81528 26312 106129 106129 47490 3524 43966 27789 27789 Field trips 39502 39502 Management - other expe 4601 4601 Food 3570 3570 Pension expense per act -958511 -919899 -38612 6959827 5768175 1191652 0 3611033 3413561 1047150 1261887 267387 256532 2178180 841170 1680560 1337010 2288558 2276777 8894688 8545767 694779 680477 1585221 1323804 8404081 7368102 10684081 9372383 X -1894682 -848678 95339 13206 9950 8856 -1789393 -826616 8894688 8545767 962777 0 X X 0 1 X 1 0 X 216324 228324 306983 700443 716631 2168705 4924154 6084024 6599378 7691582 7205600 32504738 5140478 6312348 6906361 8392025 7922231 34673443 34673443 697 864 242 18167 373 20343 34693786 0.99940 0.99940 X 1822394 607464 1214930 355786 233706 122080 1337010 Pension plan deferments 2276777 2276777 Compensated absences payable 78450 Net pension liability-PERA 427681 Net pension liability-TRA 5517148 Pension plan deferments 989311 Severance benefits payable 355512 7368102 X 7922604 0 7922604 0 7922604 6959827 0 6959827 0 6959827 Part X, Line 2: The School is exempt from income taxes under Internal Revenue Code (IRC) 501(c)(3). The School is subject to tax on income from any unrelated business. The School follows the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. 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. The School has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The School 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 its respective financial condition, results of operations, or cash flows. Accordingly, the School has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at year-end. The School is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. Form 990, Part VI, Section B, line 11b The 990 was prepared by the organization's audit firm. It was reviewed by the Board and reviewed and signed by the Director of the organization. Form 990, Part VI, Section B, line 12c Annually each board member completes a required form and discloses any conflicts of interest. Form 990, Part VI, Section B, line 15 Current compensation is based on past wages with increases given during the year by the Board forming the basis for future years pay. Form 990, Part VI, Section C, line 19 Board policies are available on the board section of the school website and upon request. FORM 990, PART XI, LINE 2C: The School Board assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent auditor annually. This process has not changed from the prior year. Form 990, Part VI, Section A, Line 1B: Several members of the board are teachers at Blue Sky Charter School. Minnesota State Statute 124D.10 Subd. 4(g) requires the board to have at least one member who is an employed/contracted teacher. AUTHORIZER BlueSky Charter School is required to have an authorizer to monitor its operations in order to maintain its charter. BlueSky Charter School's approved authorizer during the fiscal year 2023 was Innovative Quality Schools. Related organization compensation Made and effort to obtain information on compensation, if any, that was paid from a related organization. Received Business Transactions and Relationship Statements from all parties listed in Part VII. No transactions were noted on the received Business Transaction Statements.