New Century Academy Affiliated Building Company

The 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's board members will be unpaid volunteers. The Building Company purchased a Building in march 2021.