2025-02-26T14:24:13-06:00 2024-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2023-07-01 611677994 VENTURE ACADEMIES VENT 6123459040 315 27TH AVE SE MINNEAPOLIS MN 55414 TRAVIS HEIDELBERG CEO / HEAD OF SCHOOL 6123459040 2025-02-12 1 1 SHELLEY M GAETZ P00066049 3202510286 2025-02-11 2023 2025-03-06 01:10:19Z TRAVIS HEIDELBERG 315 27TH AVE SE MINNEAPOLIS MN 55414 9200168 0 X WWW.VENTUREACADEMIES.ORG X 2012 MN TO IGNITE THE PASSION OF ALL YOUNG PEOPLE TO BECOME INNOVATORS AND ENTREPRENEURIAL LEADERS WHO WILL CHANGE THE WORLD. VENTURE SEEKS TO ENABLE YOUNG PEOPLE TO ACHIEVE UNPRECEDENTED LEARNING GROWTH, DEMONSTRATE CHARACTER AND LEADERSHIP AND LEARN TO IMAGINE OPPORTUNITIES, TAKE INITIATIVE AND CREATE SOLUTIONS. 6 5 98 10 0 0 8490987 9091085 186588 107995 9552 -1012 0 0 8687127 9198068 0 0 0 0 5621014 5960603 0 0 0 3203486 3655624 8824500 9616227 -137373 -418159 5538906 4715829 6948121 6543203 -1409215 -1827374 X TO IGNITE THE PASSION OF ALL YOUNG PEOPLE TO BECOME INNOVATORS AND ENTREPRENEURIAL LEADERS WHO WILL CHANGE THE WORLD. VENTURE SEEKS TO ENABLE YOUNG PEOPLE TO ACHIEVE UNPRECEDENTED LEARNING GROWTH, DEMONSTRATE CHARACTER AND LEADERSHIP AND LEARN TO IMAGINE OPPORTUNITIES, TAKE INITIATIVE AND CREATE SOLUTIONS. 0 0 7596712 107995 THE SCHOOL EDUCATED STUDENTS WITH A COMBINED PURPOSE OF GROWING THE ENTREPRENEURIAL SPIRIT WHILE ASPIRING TO REACH INDIVIDUAL GOALS AND STATE EDUCATIONAL STANDARDS. 7596712 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 27 0 1 98 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X EDFIN MN 6512943508 2303 WYCLIFF STREET SUITE W-100 ST PAUL MN 55114 ANDREW LAWTON VICE-CHAIR/ACTING CHAIRPERSON 40.00 X X 69032 0 0 JESUS CASTILLO PALACIOS TREASURER 1.00 X X 0 0 0 KATIA COLON-HOLMERS SECRETARY 1.00 X X 0 0 0 JEFF ROBBINS DIRECTOR 1.00 X 0 0 0 BG TUCKER DIRECTOR 1.00 X 0 0 0 ROXANN ANOKA DIRECTOR 1.00 X 0 0 0 69032 0 0 0 0 0 0 MONARCH TRANSPORTATION 101 E 10TH ST SUITE 300 HASTINGS MN 55033 STUDENT TRANSPORTATION 1032665 DONE RIGHT FOOD SERVICES INC PO BOX 21153 COLUMBIA HEIGHTS MN 55421 FOOD SERVICE 223384 TRANSPORTATION PLUS INC 5010 HILLSBORO AVE N NEW HOPE MN 55428 STUDENT TRANSPORTATION 185273 SECURE TRANSPORTATION PO BOX 29968 BROOKLYN CENTER MN 55429 STUDENT TRANSPORTATION 131175 4 9089175 1910 9091085 OTHER PROGRAM REVENUE 900009 75018 75018 CHARGES FOR SERVICES 611710 32977 32977 107995 1088 2100 -1012 -1012 -1012 9198068 107995 0 -1012 214760 101325 113435 4295400 3918993 376407 629812 598305 31507 489000 459820 29180 331631 315355 16276 5265 5265 108205 108205 423085 273834 149251 51118 17874 33244 138640 114506 24134 785959 22074 763885 1385972 1385972 16660 15183 1477 16804 16804 286957 14055 272902 36009 36009 FOOD AND BEVERAGE 223266 221939 1327 NON-INSTRUCTIONAL SUPPL 76423 65134 11289 GRANT EXPENSES 49412 49412 INSTRUCTIONAL SUPPLIES 19877 19877 31972 3054 28918 9616227 7596712 2019515 0 1301022 689907 955695 2009909 120620 1596881 1019095 864743 577786 2296826 1438227 5538906 4715829 367793 472870 350000 650000 6230328 5420333 6948121 6543203 X -1886068 -2205488 476853 378114 0 0 -1409215 -1827374 5538906 4715829 -418159 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 576108 376436 199672 1020773 642659 378114 577786 DEFERRED OUTFLOWS OF RESOURCES - PENSIONS 1438227 1438227 NET PENSION LIABILITY 4605464 DEFERRED INFLOWS OF RESOURCES - PENSION 538468 LEASE PAYABLE 260681 DUE TO OTHER FUNDS 15720 5420333 X PART X, LINE 2: THE SCHOOL 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 SCHOOL, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE SCHOOL ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE SCHOOL ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE SCHOOL IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE SCHOOL WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE SCHOOL IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICIES ARE MADE AVAILABLE UPON REQUEST AND DURING REGISTRATION. SCHEDULE E, PART I, LINE 6 IN MINNESOTA, CHARTER SCHOOLS ARE CONSIDERED PUBLIC SCHOOLS AND, AS SUCH, RECEIVE GENERAL EDUCATION AND SPECIAL EDUCATION AIDS IN ACCORDANCE WITH MINNESOTA DEPARTMENT OF EDUCATION FUNDING FORMULAS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL AT TIMES BE SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD, AND ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE FULL BOARD AT THE NEXT BOARD MEETING. THE FOUR OFFICERS SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE SCHOOL ARE ITS STAFF, STUDENTS AND THE FAMILIES THAT THEY SERVE ALL MEMBERS ARE ABLE TO PARTICIPATE IN ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ANY STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS, AND ALL PARENTS AND LEGAL GUARDIANS OF STUDENTS ENROLLED AT THE SCHOOL ARE ELIGIBLE TO VOTE FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS REQUIRE THE APPROVAL OF THE TEACHER STAFF. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S FINANCE COMMITTEE AND THE BOARD REVIEWS THE FORM 990 WHEN THE RETURN IS COMPLETE. ALL MEMBERS OF THE BOARD WILL RECEIVE A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS, BUT NOT AFTER CHANGES ARE MADE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ALL DELIBERATIONS AND DECISIONS INVOLVING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD UNDERTAKES A COMPARISON OF COMPENSATION OF EXECUTIVE DIRECTORS IN TWIN CITIES IN COMPARABLE SIZE AND PROGRAM. 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. VENTURE ACADEMY BUILDING CORPORATION 315 27TH AVE SE MINNEAPOLIS MN 55414 873058139 LEASING BUILDING TO VENTURE ACADEMY MN 501(C)(3) LINE 12C, III-FI N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 VENTURE ACADEMY BUILDING CORPORATION K 616246 LEASE AGREEMENT