Civic Intelligence

New Century Academy Affiliated Building Company

EIN 82-2037266 • 501(c)3

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

11.59x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

55th percentile

6.7%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

73rd percentile

$116,631

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 31.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

35th percentile

-1.3%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

36th percentile

0.0%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$4,575,242

Down $56,464 (-1.2%) from 2021

Liabilities

Down

$4,570,688

Down $75,565 (-1.6%) from 2021

Net Assets

Up

$4,554

Up $19,101 (+131%) from 2021

Operations
Liabilities / Revenue99th percentileNet Margin55th percentile

Revenue

Up

$375,000

Up $121,191 (+48%) from 2021

Expenses

Up

$355,899

Up $87,543 (+33%) from 2021

Net Income

Up

$19,101

Up $33,648 (+231%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $4,631,706Liabilities 2021: $4,646,253Net Assets 2021: -$14,5472021Assets 2022: $4,575,242Liabilities 2022: $4,570,688Net Assets 2022: $4,5542022

Highlighted filing

2022

Assets$4,575,242
Liabilities$4,570,688
Net Assets$4,554
Open 2022 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2021: $253,809Expenses 2021: $268,356Net Income 2021: -$14,5472021Revenue 2022: $375,000Expenses 2022: $355,899Net Income 2022: $19,1012022

Highlighted filing

2022

Revenue$375,000
Expenses$355,899
Net Income$19,101
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$4,575,242
Liabilities
$4,570,688
Net assets
$4,554
Revenue
$375,000
Expenses
$355,899
Net income
$19,101
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$4.57$0.00$0.38$0.36$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$4.65$0.01$0.25$0.27$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 8, 2023
Return Version
2021v4.2
Gross Receipts
$375,000
Mission and Program Overview

Mission

To hold real estate in support of new century academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,564,919$4,494,643▼ $70,276
Cash and Non-Interest-Bearing Accounts$66,787$80,599▲ $13,812
Rtn Earn Endowment Incm Other Fnds$5,377$19,189▲ $13,812
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-19,924$-14,635▲ $5,289
Total Assets$4,631,706$4,575,242▼ $56,464
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,584,843$4,509,278▼ $75,565
Deferred Revenue$40,000$40,000→ $0
Other Liabilities$21,410$21,410→ $0
Total Liabilities$4,646,253$4,570,688▼ $75,565
Net Assets / Fund Balance
Total Net Assets Fund Balance$-14,547$4,554▲ $19,101
Total Liabilities and Net Assets / Fund Balance$4,631,706$4,575,242▼ $56,464

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,408,427$105,357$3,513,784
Land$1,086,216-$1,086,216
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jason BeckerExecutive DirectorPT$96,482$96,482

Board Members and Trustees

NameTitle
Cindy HauglandChair
Sheila HendricksSecretary
Terry KempfertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$375,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$19,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$263,468--$263,468
Depreciation Depletion$70,276--$70,276
Fees for Services Other-$13,726-$13,726
Insurance$8,429--$8,429
Total Functional Expenses$342,173$13,726$0$355,899
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$21,410
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member of new century academy building company is new century academy”

Form 990, Part VI, Section A, Line 7A

“New century academy, as the sole member, has all powers available to remove or appoint directors of the building company.”

Form 990, Part VI, Section A, Line 7B

“Amendments to the organization's governing documents are subject to approval by the sole member, new century academy”

Form 990, Part VI, Section A, Line 8B

“There were no committee meetings during the tax year.”

Form 990, Part VI, Section B, Line 11B

“President will review the 990 draft prior to it being 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 C, Line 19

“The building company makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
New Century Academy Affiliated Building
EIN
82-2037266
Phone
3202343660
Address
950 SCHOOL RD SW, HUTCHINSON, MN 55350

Signing Officer

Name
Cindy Haugland
Title
Chair
Phone
3202343660
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Haugland
Formed
2017
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“New century academy building company follows a modified accrual method of accounting as prescribed by the minnesota department of education. The 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 overseeing and selecting an independent accountant has not changed from the prior year.”

Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HOLD REAL ESTATE IN SUPPORT OF NEW CENTURY ACADEMY.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JASON BECKER
IRS990/BooksInCareOfDetail/PhoneNum06123202334
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0950 SCHOOL RD SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0HUTCHINSON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055350
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0355899
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0375000
IRS990/CYRevenuesLessExpensesAmt019101
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0355899
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0375000
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt040000
IRS990/DeferredRevenueGrp/EOYAmt040000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt070276
IRS990/DepreciationDepletionGrp/TotalAmt070276
IRS990/Desc0THE SOLE PURPOSE OF NEW CENTURY ACADEMY AFFILIATED BUILDING COMPANY ("BUILDING COMPANY") IS TO SUPPORT NEW CENTURY ACADEMY (THE "SCHOOL"). THE SCHOOL IS A MINNESOTA PUBLIC CHARTER SCHOOL AND IS RECOGNIZED AS EXEMPT FROM UNITED STATES FEDERAL INCOME TAXATION PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AS AN EDUCATIONAL ORGANIZATION DESCRIBED IN SECTION 509(A)(1) OF THE CODE. ONCE A FACILITY IS ACQUIRED, 100% OF THE NET INCOME OF THE BUILDING COMPANY WILL BE USED IN SUPPORT OF THE SCHOOL. THE BUILDING COMPANY'SBOARD MEMBERS WILL BE UNPAID VOLUNTEERS. THE BUILDING COMPANY PURCHASED A BUILDING IN MARCH 2021.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0342173
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt013726
IRS990/FeesForServicesOtherGrp/TotalAmt013726
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt37254
IRS990/Form990PartVIISectionAGrp/PersonNm0CINDY HAUGLAND
IRS990/Form990PartVIISectionAGrp/PersonNm1TERRY KEMPFERT
IRS990/Form990PartVIISectionAGrp/PersonNm2SHEILA HENDRICKS
IRS990/Form990PartVIISectionAGrp/PersonNm3JASON BECKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt389228
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0375000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08429
IRS990/InsuranceGrp/TotalAmt08429
IRS990/InterestGrp/ProgramServicesAmt0263468
IRS990/InterestGrp/TotalAmt0263468
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0105357
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04564919
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04494643
IRS990/LandBldgEquipCostOrOtherBssAmt04600000
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO HOLD REAL ESTATE IN SUPPORT OF NEW CENTURY ACADEMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04584843
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04509278
IRS990/NetAssetsOrFundBalancesBOYAmt0-14547
IRS990/NetAssetsOrFundBalancesEOYAmt04554
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt021410
IRS990/OtherLiabilitiesGrp/EOYAmt021410
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-19924
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-14635
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CINDY HAUGLAND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0375000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0375000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0160000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0268356
IRS990/PYOtherRevenueAmt093809
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-14547
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0268356
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0253809
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt019101
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0375000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05377
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt019189
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt0375000
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt0375000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NEW CENTURY ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105357
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03513784
IRS990ScheduleD/LandGrp/BookValueAmt01086216
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01086216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04494643
IRS990ScheduleD/TotalLiabilityAmt021410
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF NEW CENTURY ACADEMY BUILDING COMPANY IS NEW CENTURY ACADEMY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW CENTURY ACADEMY, AS THE SOLE MEMBER, HAS ALL POWERS AVAILABLE TO REMOVE OR APPOINT DIRECTORS OF THE BUILDING COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMENDMENTS TO THE ORGANIZATION'S GOVERNING DOCUMENTS ARE SUBJECT TO APPROVAL BY THE SOLE MEMBER, NEW CENTURY ACADEMY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE WERE NO COMMITTEE MEETINGS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT WILL REVIEW THE 990 DRAFT PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY, 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BUILDING COMPANY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NEW CENTURY ACADEMY BUILDING COMPANY FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CINDY HAUGLAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03202343660
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW CENTURY ACADEMY AFFILIATED BUILDING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0NEWC
ReturnHeader/Filer/EIN0822037266
ReturnHeader/Filer/PhoneNum03202343660
ReturnHeader/Filer/USAddress/AddressLine1Txt0950 SCHOOL RD SW
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 S 6TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN NEIL
ReturnHeader/ReturnTs02023-05-10T15:28:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CINDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAUGLAND
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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