2025-02-27T08:52:03-06:00 2024-08-31 411489071 SMITH SCHAFER & ASSOCIATES LTD 7500 HIGHWAY 55 SUITE 350 MINNEAPOLIS MN 55427 990 2023-09-01 411265355 BESTPREP BEST 7633980090 7100 NORTHLAND CIRCLE N 306 BROOKLYN PARK MN 554281500 ROBERT H KAITZ PRESIDENT & CEO 7633980090 2025-02-16 1 NATHAN AGRE CPA P01252840 9529201455 2025-02-16 2023 2025-03-06 01:10:19Z ROBERT H KAITZ 7100 NORTHLAND CIRCLE N 306 BROOKLYN PARK MN 554281500 2916290 0 X WWW.BESTPREP.ORG X 1976 MN TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS. 58 58 42 5000 0 0 2517262 2694279 29066 34547 30380 104529 -142353 -179877 2434355 2653478 0 0 0 0 1585888 1729019 0 0 182728 569437 640885 2155325 2369904 279030 283574 2201742 2569889 285595 370168 1916147 2199721 X TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS THROUGH EXPERIENCES THAT INSPIRE SUCCESS IN WORK AND LIFE. 0 0 569867 EMENTORS EMPOWERS STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED FOR SUCCESS IN SCHOOL, CAREER, AND LIFE THROUGH WEEKLY ONE-ON-ONE EMAIL EXCHANGES WITH VOLUNTEER BUSINESS MENTORS. THE PROGRAM EMPHASIZES MOTIVATION, WORKPLACE SKILLS AND CAREER EXPLORATION. THE PROGRAM ALSO OFFERS VERSIONS FOCUSED ON STEM AND FINANCIAL LITERACY AND A CUSTOMIZED VERSION FOR AVID CLASSES. 3,540 STUDENTS WERE MENTORED IN 2023-2024. 616311 MINNESOTA BUSINESS VENTURE IGNITES STUDENTS' PASSION TO ACHIEVE SUCCESS AND DEVELOP CAREER ASPIRATIONS IN A WEEK-LONG BUSINESS AND CAREER DEVELOPMENT CAMP ON A COLLEGE CAMPUS. THE PROGRAM BRINGS TOGETHER HIGH SCHOOL STUDENTS FROM ACROSS THE STATE TO WORK WITH BUSINESS LEADERS AND LEARN ABOUT CAREER PATHS AND FINANCIAL LITERACY. IN 2024, 360 STUDENTS ATTENDED, INCLUDING 51% FROM LOW-INCOME HOUSEHOLDS AND 67% STUDENTS OF COLOR. 347086 CLOUD COACH STRENGTHENS STUDENT MOTIVATION TO SUCCEED IN SCHOOL AND BEYOND THROUGH EMAIL MENTORING. CLOUD COACH PAIRS A SCHOOL'S ENTIRE NINTH GRADE CLASS WITH MENTORS FROM THE BUSINESS COMMUNITY. WITH THE MANTRA "THINK FORWARD/ACT NOW", CLOUD COACH ENCOURAGES STUDENTS TO CONSIDER FUTURE ASPIRATIONS AND IDENTIFY STEPS TO TAKE NOW TO ACHIEVE GOALS. IN 2023-2024, 2,035 FROM EIGHT SCHOOLS PARTICIPATED. 127641 CLASSROOM PLUS INSPIRES STUDENTS TO CREATE A VISION FOR THE FUTURE THROUGH CAREER EXPLORATION VIA CLASSROOM SPEAKERS, CORPORATE CAREER DAYS, AND MOCK INTERVIEWS. PRESENTATION TOPICS INCLUDE LEADERSHIP, TEAMWORK, AND INTERVIEW SKILLS. 11,400 STUDENTS WERE SERVED IN 2023-2024. 110638 FINANCIAL MATTERS MOTIVATES STUDENTS TO MAKE SOUND MONEY MANAGEMENT DECISIONS AND BECOME FINANCIALLY SAVVY. INDUSTRY PROFESSIONALS DELIVER CLASSROOM PRESENTATIONS ON FINANCIAL TOPICS ENHANCED WITH PERSONAL STORIES FROM THEIR OWN JOURNEY. TOPICS INCLUDE MONEY, BUDGETING, CREDIT, INVESTING, AND TAX. DURING 2023-24, 5,717 STUDENTS PARTICIPATED. 182703 THE STOCK MARKET GAME TEACHES STUDENTS ABOUT ECONOMICS, INVESTING, AND THE IMPORTANCE OF A LONG-TERM SAVINGS STRATEGY. STUDENT TEAMS INVEST HYPOTHETICAL FUNDS IN COMMON STOCKS AND MUTUAL FUNDS. IT IS A NATIONAL PROGRAM ADMINISTERED BY THE SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION. 11,800 STUDENTS PARTICIPATED IN 2023-2024. 420982 1954246 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 58 58 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X JOHN R SCHULTE 7633980090 7100 NORTHLAND CIRCLE NORTH 306 BROOKLYN PARK MN 55428 STEVE BLUME BOARD MEMBER 0.50 X 0 0 0 BEN BRATLAND BOARD MEMBER 0.50 X 0 0 0 HANNAH COLEMAN BOARD MEMBER 0.50 X 0 0 0 KENNY DEVINE BOARD MEMBER 0.50 X 0 0 0 CATE FREEMAN BOARD MEMBER 0.50 X 0 0 0 NATE HOCH BOARD MEMBER 0.50 X 0 0 0 MIKE KRONEBUSCH BOARD MEMBER 0.50 X 0 0 0 DAN LEAR BOARD MEMBER 0.50 X 0 0 0 VALERIE LITTLES-BUTLER BOARD MEMBER 0.50 X 0 0 0 ASHLEY ERICKSON BOARD MEMBER 0.50 X 0 0 0 KRISTY BECKMAN BOARD MEMBER 0.50 X 0 0 0 BRIAN BOARDMAN BOARD MEMBER 0.50 X 0 0 0 KIM BOYLTON SECRETARY 2.00 X X 0 0 0 CHASE BRAKKE BOARD MEMBER 0.50 X 0 0 0 DEAN BREUER BOARD MEMBER 0.50 X 0 0 0 ANDY DARVELL BOARD MEMBER 0.50 X 0 0 0 RHONDA DEAN BOARD MEMBER 0.50 X 0 0 0 JOANNA EHRESMAN BOARD MEMBER 0.50 X 0 0 0 ANITA GOEBEL TREASURER 2.00 X X 0 0 0 ANDY HENNIG BOARD MEMBER 0.50 X 0 0 0 DAN HOGAN BOARD MEMBER 0.50 X 0 0 0 KIM HULTGREN BOARD MEMBER 0.50 X 0 0 0 DON JOHNSON BOARD MEMBER 0.50 X 0 0 0 KESHIA JONES BOARD MEMBER 0.50 X 0 0 0 GRETA KOEHLER BOARD MEMBER 0.50 X 0 0 0 PAUL LANGLOIS VICE CHAIR 2.00 X X 0 0 0 BETSY LULFS BOARD MEMBER 0.50 X 0 0 0 DOUGLAS MARTIN BOARD MEMBER 0.50 X 0 0 0 JEFF MUNNEKE BOARD MEMBER 0.50 X 0 0 0 AMANDA MUNOZ BOARD MEMBER 0.50 X 0 0 0 MARC OLSON BOARD CHAIR 2.00 X X 0 0 0 JAMES PATE BOARD MEMBER 0.50 X 0 0 0 BRYAN POLLEY BOARD MEMBER 0.50 X 0 0 0 SCOTT MORRIS BOARD MEMBER 0.50 X 0 0 0 JAMES REDELSHEIMER BOARD MEMBER 0.50 X 0 0 0 JESSE ROSS BOARD MEMBER 0.50 X 0 0 0 LIZA SAYRE BOARD MEMBER 0.50 X 0 0 0 MICHAEL REMINGTON BOARD MEMBER 0.50 X 0 0 0 CASEY SCHOEN BOARD MEMBER 0.50 X 0 0 0 JARED SHASKY BOARD MEMBER 0.50 X 0 0 0 MAGGIE SNETTING BOARD MEMBER 0.50 X 0 0 0 ANDY TATE BOARD MEMBER 0.50 X 0 0 0 ROZ TSAI BOARD MEMBER 0.50 X 0 0 0 COLE TURNBOW BOARD MEMBER 0.50 X 0 0 0 SARAH VANDENBERG BOARD MEMBER 0.50 X 0 0 0 JOHN WAGNER BOARD MEMBER 0.50 X 0 0 0 STEVE WEITZ BOARD MEMBER 0.50 X 0 0 0 BRIDGET SWENSON BOARD MEMBER 0.50 X 0 0 0 BRAD ZASTOUPIL BOARD MEMBER 0.50 X 0 0 0 MIKE FISHER BOARD MEMBER 0.50 X 0 0 0 JILL GIEFER BOARD MEMBER 0.50 X 0 0 0 JEREMY GOGOS BOARD MEMBER 0.50 X 0 0 0 JEFF GONSALES BOARD MEMBER 0.50 X 0 0 0 WHITNEY-LEHR KOENING BOARD MEMBER 0.50 X 0 0 0 CASEY MERKWAN BOARD MEMBER 0.50 X 0 0 0 DAWN PRUITT BOARD MEMBER 0.50 X 0 0 0 CHANEL RIVERS BOARD MEMBER 0.50 X 0 0 0 RASHMI VASHISHT BOARD MEMBER 0.50 X 0 0 0 BONNIE VAGASKY VP EXTERNAL RELATIONS 50.00 X 114583 0 0 ROBERT KAITZ PRESIDENT & CEO 50.00 X X 267287 0 0 JOHN SCHULTE VP FINANCE & TECHNOLOGY 50.00 X 101835 0 0 483705 0 0 3 0 1 0 0 436925 2257354 5781 2694279 TEACHER AND STUDENT FE 611710 34547 34547 34547 104529 104529 82935 436925 262812 -179877 -179877 2653478 34547 0 -75348 483705 314408 48371 120926 1032980 935352 74272 23356 104997 85490 8940 10567 107337 88691 8731 9915 48263 5586 42366 311 16056 13677 1258 1121 53206 41632 8529 3045 66004 55306 5351 5347 62493 53143 4383 4967 42022 32759 8138 1125 12905 109 12796 532 532 7666 3394 3967 305 8622 4810 3350 462 CAMPUS EXPENSES 228823 228823 PROGRAM DELIVERIES 72335 72335 MISCELLANEOUS 15340 14228 314 798 EQUIPMENT MAINTENANCE 4040 3481 262 297 2578 1022 1370 186 2369904 1954246 232930 182728 115259 55147 1911680 2136339 50250 182084 47226 43694 145416 127168 18983 18248 58344 134377 2201742 2569889 165558 189879 48000 69750 72037 110539 285595 370168 X 1299037 1319304 617110 880417 1916147 2199721 2201742 2569889 283574 0 X 0 1 X 1 0 X 2205335 1724050 2154521 2135137 2257354 10476397 2205335 1724050 2154521 2135137 2257354 10476397 1363936 9112461 13578 7597 3694 30380 104529 159778 10636175 104347 0.85670 0.89000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 145416 127168 18248 18248 ROU ASSET 101044 LONG TERM CONTRIBUTIONS RECEIVABLE 33333 134377 CURRENT PORTION OF OPERATING LEASE LIABILITY 31048 CURRENT PORTION OF FINANCE LEASE LIABILITY 3637 OPERATING LEASE LIABILITY, NET OF CURRENT PORTION 67146 FINANCE LEASE LIABILITY, NET OF CURRENT PORTION 8708 110539 X 2653478 0 2653478 0 2653478 2369904 0 2369904 0 2369904 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION DOES NOT PAY FEDERAL INCOME TAX. THEREFORE NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ANNUAL LUNCHEON 70880 54620 16260 2500 1336 3750 27123 1300 24870 EDUCATIONAL FORUM 448980 382305 66675 6075 0 6411 61108 7500 120839 1 519860 436925 82935 8575 1336 10161 88231 8800 145709 262812 -179877 1 X X X X X 0 0 0 0 0 0 0 0 0 ROBERT KAITZ PRESIDENT & CEO 267287 0 0 0 0 0 0 0 0 0 267287 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE DIRECTORS OF THE CORPORATION ARE THE ONLY VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A A NEW DIRECTOR MAY BE ELECTED TO FILL ANY VACANCY IN THE BOARD OF DIRECTORS AT ANY ANNUAL OR SPECIAL MEETING OF THE BOARD BY A MAJORITY VOTE OF ALL DIRECTORS THEN IN OFFICE. FORM 990, PART VI, SECTION A, LINE 7B EACH DIRECTOR HAS ONE VOTE UPON ALL DECISIONS PRESENTED FOR ACTION AT ANY MEETING OF THE BOARD. A MAJORITY DECIDES ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS SIGN CONFLICT OF INTEREST DISCLOSURES ANNUALLY AND ANY ABSTENTIONS FROM VOTING DUE TO CONFLICTS OF INTEREST ARE NOTED IN THE BOARD/COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES HAVE ANNUAL PERFORMANCE REVIEWS AND APPRAISALS. COMPENSATION RECOMMENDATIONS ARE MADE BY THE TREASURER AND CEO BASED ON THE FOLLOWING COMPARABLES: GUIDESTAR, MINNESOTA NONPROFIT SALARY AND BENEFITS SURVEY, AND THE PAY SCALE SCHEDULE ESTABLISHED BY BESTPREP BASED ON MARKET RATES, MINIMUM AND MAXIMUM TENURE AND POSITION REQUIREMENTS. THE CEO AND HIS COMPENSATION PACKAGE ARE REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ANY DOCUMENT IS AVAILABLE UPON REQUEST AND IS PROVIDED ON ORGANIZATION WEBSITE.