2024-05-15T21:02:40-07:00 2023-06-30 Robert Reese Procaccini CPA 2489 Rice Street Suite 202 Roseville MN 55113 990 2022-07-01 020574622 NEW CENTURY ACADEMY NEWC 3202343660 950 SCHOOL ROAD SW HUTCHINSON MN 55350 JASON BECKER DIRECTOR 3202343660 2024-05-15 1 JASON BECKER 999009999 1 Robert Procaccini P01890510 6513092233 2024-05-15 X 0 11 1 AAL2 2022 2023-04-26 12:10:37Z JASON BECKER 950 SCHOOL ROAD SW HUTCHINSON MN 55350 2215453 0 X www.newcenturyacademy.com X 2002 MN TO ENGAGE STUDENTS IN CRITICAL THINKING AND TEAMWORK THAT EMPOWERS THEM TO LIFE-LONG LEARNING. 5 4 24 10 0 0 2549675 2193236 96703 20685 1406 1532 377555 0 3025339 2215453 0 0 0 0 1156619 1169498 0 0 0 1647893 1169508 2804512 2339006 220827 -123553 6229646 1262578 6470977 1627462 -241331 -364884 TO ENGAGE STUDENTS IN CRITICAL THINKING AND TEAMWORK THAT EMPOWERS THEM TO LIFE-LONG LEARNING AND GLOBAL CITIZENSHIP. 0 0 1953733 0 0 GENERAL EDUCATION: NEW CENTURY HAS BUILT A STRONG CORE ACADEMIC PROGRAM, ELECTIVE COURSES FOR STUDENTS TO EXPLORE, AND PROJECT-BASED OPPORTUNITIES TO HELP KIDS BEGIN DISCOVERING THEIR PASSIONS AND DREAMS. WE ARE FOCUSED ON LEARNING FIRST, GROWING EVERY DAY, AND PREPARING GLOBAL CITIZENS FOR AN EVER-CHANGING 21ST CENTURY. NEW CENTURY IS A PLACE WHERE EXPECTATIONS ARE HIGH AND LEARNING IS EXCITING! AVERAGE DAILY MEMBERSHIP WAS APPROXIMATELY 108 STUDENTS FOR THE YEAR ENDED JUNE 30, 2023. 53172 0 0 FOOD SERVICE: NEW CENTURY OFFERS ALL STUDENTS A HOT LUNCH EACH DAY. THE SCHOOL PARTICIPATES IN THE NATIONAL LUNCH PROGRAM. 0 0 0 2006905 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 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 1 0 0 0 1 6 0 1 24 1 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X X JASON BECKER 3202343660 950 SCHOOL ROAD SW HUTCHINSON MN 55350 Jason Becker Executive Director 40 5 X 96255 0 4500 Kelsey Dolge Vice Chair 42 0 X X 49026 0 4500 Kathy Prellwitz Chair 2 0 X X 0 0 0 Jetta Myllykangas Treasurer 2 0 X X 0 0 0 Traci Schultz Secretary 2 0 X X 0 0 0 Heather Finnell Member 2 0 X 0 0 0 145281 0 9000 1 0 0 0 LABRAATEN BUS COMPANY 16506 MN HWY 15 Hutchinson MN 55350 Transportation 402010 NEW CENTURY ACADEMY BUILDING COMPAN 950 School Road Hutchinson MN 55350 Landlord 375000 2 0 0 0 0 2167876 25360 0 2193236 Student Program Fees 611710 4054 4054 0 0 Food Service 611710 16631 16631 0 0 0 0 0 0 20685 1532 1532 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2215453 22217 0 0 160626 106385 54241 809669 726841 82828 76875 66034 10841 48870 36993 11877 73458 63364 10094 41652 41652 725 725 77871 77871 169590 169590 34649 19433 15216 24043 13708 10335 483105 483105 15535 5241 10294 0 12221 12221 31206 31206 Food Service 59299 53172 6127 Instructional Materials 7374 7374 0 0 Transportation 382284 382284 0 0 Pension Expenses Per Actuary -170046 -170046 0 0 0 2339006 2006905 332101 0 537592 418346 349479 598945 21410 34729 45488 202351 118940 4569049 83411 489331 344444 6229646 1262578 185555 194824 40000 6245422 1432638 6470977 1627462 X -318229 -436566 76898 71682 0 0 -241331 -364884 6229646 1262578 -123553 0 0 0 0 0 X X 0 1 X 1 0 X 0 0 0 0 0 0 0 0 81090 26044 55046 0 109053 92286 16767 0 12208 610 11598 83411 Deferred Outflows - Pensions 344444 344444 Net Pension Liability 1077598 Deferred Inflows - Pensions 343311 Lease Liability 11729 1432638 2215453 0 0 0 0 0 2215453 0 0 0 2215453 2339006 0 0 0 0 0 2339006 0 0 0 2339006 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 school's nondiscrimination policy is posted at it's facilities, posted on it's website, and printed in the enrollment application and brochure. Schedule E, Part I, Line 6 EXPLANATION OF GOVERNMENT FINANCIAL AID: THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. Form 990, Part VI, Section A, Line 6 THE SCHOOL'S MEMBERSHIP CONSISTS OF COMMUNITY MEMBERS, PARENTS/GUARDIANS OF ENROLLED STUDENTS, AND ALL STAFF MEMBERS EMPLOYED BY THE SCHOOL. Form 990, Part VI, Section A, Line 7a THE SCHOOL'S BOARD IS ELECTED AT THE ANNUAL MEETING BY THE MEMBERS. Form 990, Part VI, Section A, Line 8b THE SCHOOL DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. Form 990, Part VI, Section B, Line 11b THE SCHOOL DIRECTOR AND BUSINESS MANAGER REVIEW THE 990 IN DETAIL. THE 990 IS PRESENTED TO THE BOARD FOR A DETAILED REVIEW PRIOR TO THE TIME IT IS FILED. Form 990, Part VI, Section B, Line 12c ANNUALLY, BOARD MEMBERS AND KEY EMPLOYEES COMPLETE A FULL DISCLOSURE WHICH INCLUDES THE MEMBER, SPOUSE, AND CLOSE RELATIVES FOR POTENTIAL CONFLICTS OF INTEREST. THE SCHOOL DIRECTOR OR THE BOARD OF DIRECTORS REVIEW POTENTIAL CONFLICTS TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. IF A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST, THEY DO NOT VOTE ON THAT MATTER. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. Form 990, Part VI, Section B, Line 15 THE BOARD DETERMINES THE COMPENSATION OF THE SCHOOL DIRECTOR AND ALL OTHER EMPLOYEES AS PART OF THE ANNUAL BUDGET PROCESS, GENERALLY A FLAT PERCENT AMONG ALL STAFF. AS PART OF THIS PROCESS, THE SCHOOL DIRECTOR MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS BASED ON ANNUAL PERFORMANCE REVIEWS OF OTHER EMPLOYEES. THE SCHOOL DIRECTOR ALSO COMPARES STAFF COMPENSATION WITH OTHER MINNESOTA CHARTER SCHOOLS. THE PROCESS LAST TOOK PLACE IN 2023 FOR ALL POSITIONS INCLUDING THE SCHOOL DIRECTOR. Form 990, Part VI, Section C, Line 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN THE SCHOOL OFFICE UPON REQUEST AND THE SCHOOL'S WEBSITE. Form 990, Part XII, Line 1 EXPLANATION FOR METHOD OF ACCOUNTING THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. Form 990, Part XII, Line 2c THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. New Century Academy Affiliated Building Company 1000 5th Ave SE Hutchinson MN 55350 822037266 Building Operation MN 501(c)(3) Line 12A, I New Century Academy 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 New Century Academy Affiliated Building Company k 375000 Lease Agreement