2024-01-16T11:00:15-06:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-07-01 580958208 THE SCHENCK SCHOOL INC SCHE 4042522591 282 MOUNT PARAN ROAD NW ATLANTA GA 303274664 KARA LOFTIN HEAD OF SCHOOL 4042522591 2024-01-15 1 KARA LOFTIN 999009999 0 TIFFANY T ORR CPA P01559485 7703948000 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KARA LOFTIN 282 MOUNT PARAN ROAD NW ATLANTA GA 303274664 16645124 0 X WWW.SCHENCK.ORG X 1966 GA PROVIDE A SOLID EDUCATIONAL FOUNDATION FOR STUDENTS WITH DYSLEXIA AND DEVELOP THEIR RICH POTENTIAL. 22 22 164 25 0 0 910144 749471 10640989 11342034 1944018 1275054 188392 142452 13683543 13509011 1090406 1064986 0 0 7999246 8978023 0 0 602479 3145380 3453761 12235032 13496770 1448511 12241 46103355 47564069 6031993 5691250 40071362 41872819 X PROVIDE A SOLID EDUCATIONAL FOUNDATION FOR STUDENTS WITH DYSLEXIA AND DEVELOP THEIR RICH POTENTIAL. 0 0 11284199 1064986 11390027 THE SCHOOL'S THREE LARGEST SERVICE AREAS ARE THE DAY SCHOOL, SUMMER CAMP, AND STUDY LAB. THE DAY SCHOOL WAS FULLY ENROLLED FOR THE 2022-2023 SCHOOL YEAR WITH 250 STUDENTS. THE SCHOOL CONTINUES TO PROVIDE AN EXCELLENT EDUCATION TO STUDENTS DIAGNOSED WITH READING DIFFICULTIES, NAMELY DYSLEXIA. STUDENTS ATTEND THE SCHOOL FOR A 2, 3 OR 4 YEAR PERIOD AND THEN ARE OUTPLACED TO VARIOUS PUBLIC AND PRIVATE SCHOOLS. WHILE AT THE SCHENCK SCHOOL, STUDENTS LEARN NOT ONLY WHAT THEIR LEARNING DIFFICULTY IS, BUT ALSO HOW TO COMPENSATE FOR IT AND MOVE FORWARD WITH THE CONFIDENCE AND ABILITY TO ACHIEVE IN SCHOOL AND TO ENJOY LEARNING. THE STUDY LAB PROGRAM SERVES OVER HALF OF OUR 2ND THROUGH 6TH GRADERS WITH SPECIFIC AND SPECIALIZED HOMEWORK ASSISTANCE AFTER SCHOOL FOUR DAYS EACH WEEK. OUR SUCCESSFUL SUMMER CAMP PROGRAM HAS SESSIONS FOR ELEMENTARY AND MIDDLE SCHOOL AGE CHILDREN. FOR OUR CURRENT STUDENTS, SUMMER CAMP KEEPS THEIR LEARNING SKILLS SHARP OVER THE SUMMER MONTHS. MANY STUDENTS ATTEND FROM THE METRO ATLANTA COMMUNITY AND RETURN TO THEIR RESPECTIVE SCHOOLS WITH IMPROVED READING SKILLS. CAMP IS ALSO A GREAT SERVICE TO NEW STUDENTS ENTERING THE SCHOOL IN AUGUST, ALLOWING FACULTY A JUMP START ON KNOWING AND UNDERSTANDING THE STUDENT AND HIS/HER NEEDS. SUMMER CAMP HAS BECOME A GREAT ADMISSION TOOL, ALLOWING PARENTS A CHANCE TO PREVIEW THE SCHOOL WHILE CONSIDERING APPLICATION FOR THEIR SON OR DAUGHTER. 11284199 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 81 0 1 164 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X RYAN HUDAK 4042522591 282 MOUNT PARAN ROAD NW ATLANTA GA 30327 KIMBERLY C MARKS BOARD CHAIR 10.00 X X 0 0 0 MARK N PHILLIPS TREASURER 3.00 X X 0 0 0 JEFFREY L WRIGHT VICE CHAIR 8.00 X X 0 0 0 DR MARK R BELL II TRUSTEE 2.00 X 0 0 0 SARAH BOTTINI TRUSTEE 2.00 X 0 0 0 JIM CHAPMAN TRUSTEE 2.00 X 0 0 0 ELIZABETH J SHULTS TRUSTEE 2.00 X 0 0 0 JAIME CURRY TRUSTEE 2.00 X 0 0 0 JENNIFER DANGAR SECRETARY 5.00 X X 0 0 0 KATE DENNY TRUSTEE 2.00 X 0 0 0 JOHN A DRAUGHON TRUSTEE 2.00 X 0 0 0 ORTEZ GUDE TRUSTEE 2.00 X 0 0 0 ROBERT C HILL JR TRUSTEE 2.00 X 0 0 0 ANDREW KANG TRUSTEE 2.00 X 0 0 0 ANDREA M KAUFFMAN TRUSTEE 2.00 X 0 0 0 ELIZABETH MILLER TUCKER TRUSTEE 2.00 X 0 0 0 DR ARUN V MOHAN TRUSTEE 2.00 X 0 0 0 JENNIFER MORGAN TRUSTEE 2.00 X 0 0 0 PAUL M OLLINGER TRUSTEE 2.00 X 0 0 0 MICHAELINE ROLAND TRUSTEE 2.00 X 0 0 0 RICK ROLLINS TRUSTEE 2.00 X 0 0 0 C WALKER SULLIVAN III TRUSTEE 2.00 X 0 0 0 RYAN HUDAK DIRECTOR OF FINANCE 40.00 X 157416 0 9750 WILLIAM WHARTON HEAD OF SCHOOL 40.00 X 150000 0 7500 JOSHUA CLARK HEAD OF SCHOOL 40.00 X 178658 0 17700 CATHLEAN COLEMAN DIRECTOR OF DEVELOPMENT 40.00 X 149538 0 19737 LISA MURRAY DIR. OF ACADEMIC OPS. 40.00 X 114023 0 6771 FOSTER R SOULES PRINCIPAL 40.00 X 148065 0 9954 JOSEPHINE CALAMARI FELLOW OF RECORD 40.00 X 120979 0 4203 J ELLEN HILL DIR OF COMM. ENGAGEMENT 40.00 X 132538 0 12000 1151217 0 87615 13 0 1 0 TECHNICAL TRADE GROUP OF GEORGIA INC 515 CARTER ROAD GRIFFIN GA 30224 FACILITIES 701070 FLIK DINING SERVICES COMPASS GROUP USA PO BOX 50196 LOS ANGELES CA 900740196 HOT MEAL PROGRAM FOR STUDENTS AND EMPLOY 433537 COMDATA PO BOX 100647 ATLANTA GA 30384 PURCHASE CARD VENDOR 211182 3 749471 87067 749471 TUITION FEE 611710 10548906 10548906 AUXILLARY PROGRAM FEES 611710 793128 793128 11342034 1662958 1662958 2627180 3015084 -387904 -387904 -387904 215488 121029 94459 94459 OTHER INCOME 900099 47993 47993 47993 13509011 11390027 0 1369513 1064986 1064986 464000 359000 54000 51000 6804087 5945089 573292 285706 354464 301830 34250 18384 836477 703615 48871 83991 518995 450531 44551 23913 19080 19080 38250 35013 3237 146353 146353 226717 3094 223623 206223 93700 79533 32990 293563 217494 47631 28438 107438 93060 8890 5488 429077 384891 35780 8406 612933 549814 51111 12008 94496 84419 7759 2318 CLASSROOM EXPENSES 716349 670722 25176 20451 BUILDING & GROUND MAINT 140725 126233 11735 2757 OTHER EXPENSE 123176 89960 29096 4120 EQUIPMENT & MAINTENANCE 116909 75327 40932 650 182472 70434 93416 18622 13496770 11284199 1610092 602479 6839126 6827522 97604 80696 143 127684 163334 18213529 10297546 7601207 7915983 26351999 30678824 4926118 1793066 159474 104644 46103355 47564069 740621 467275 5291372 5223975 6031993 5691250 X 32951637 34429014 7119725 7443805 40071362 41872819 46103355 47564069 12241 1789216 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26425284 19399 2605603 656552 28393734 29701539 260070 -3019936 516389 26425284 23155479 724180 6325086 503206 29701539 23918597 21825 -283314 501629 23155479 22526475 431149 1415763 454790 23918597 0.74670 0.16970 0.08360 1 0 1277497 1277497 12168560 6502961 5665599 2585229 2150657 434572 45135 44777 358 2137108 1599151 537957 7915983 X 14207917 1789216 1789216 12418701 146353 943957 1090310 13509011 12406460 0 12406460 146353 943957 1090310 13496770 PART V, LINE 4: INVESTMENT INCOME AND REALIZED AND UNREALIZED GAINS FROM THE ENDOWMENT ARE TO BE USED FOR FACILITY MAINTENANCE AND REPAIRS, FINANCIAL AID, AND GENERAL OPERATIONS. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE SCHOOL IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THE SCHOOL HAD NO UNRELATED BUSINESS INCOME. THE SCHOOL UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023 AND 2022, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FINANCIAL AID 1,064,986. FUNDRAISING EXPENSES -121,029. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FINANCIAL AID 1,064,986. FUNDRAISING EXPENSES -121,029. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 OUR NONDISCRIMINATION POLICY IS POSTED ON OUR WEBSITE IN THE ADMINSSIONS AND EMPLOYMENT SECTIONS. AUCTION FUNDRAISER 214222 214222 119978 LIBRARY 1266 1266 1051 215488 215488 121029 121029 94459 1 SCHOLARSHIP/FINANCIAL AID 59 1064986 PUB. TUITION PART I, LINE 2: WE USE A THIRD PARTY VENDOR TO COLLECT FINANCIAL AID APPLICATIONS. WE COLLECT EACH FAMILY'S FINANCIAL INFORMATION, INCLUDING TAX RETURNS AND SUPPORTING DOCUMENTS, FOR TWO YEARS. THE DIRECTOR OF FINANCE REVIEWS ALL APPLICATIONS AND MAKES A RECOMMENDATION TO THE FINANCIAL AID COMMITTEE. THE COMMITTEE APPROVES ALL FINANCIAL AID AWARDS. X X 0 0 0 0 0 0 0 0 0 JOSHUA CLARK HEAD OF SCHOOL 178658 0 0 0 0 0 17700 0 0 0 196358 0 0 0 CATHLEAN COLEMAN DIRECTOR OF DEVELOPMENT 149538 0 0 0 0 0 17811 0 1926 0 169275 0 0 0 RYAN HUDAK DIRECTOR OF FINANCE 157416 0 0 0 0 0 9750 0 0 0 167166 0 0 0 FOSTER R SOULES PRINCIPAL 148065 0 0 0 0 0 8028 0 1926 0 158019 0 0 0 WILLIAM WHARTON HEAD OF SCHOOL 150000 0 0 0 0 0 7500 0 0 0 157500 0 0 0 X 3 87067 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE PROVIDED TO OUR BOARD OF TRUSTEES VIA A PASSWORD PROTECTED DOCUMENT ON A SPECIFIC PAGE OF OUR WEBSITE. THE BOARD WILL BE ASKED TO REVIEW THE 990 AND CONTACT THE DIRECTOR OF FINANCE OR TREASURER WITH QUESTIONS WITHIN A SPECIFIC TIMEFRAME. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR INDIVIDUAL TRUSTEES ARE REQUESTED TO REVIEW OUR CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORMS ARE DISTRIBUTED, COLLECTED, AND REVIEWED ANNUALLY TO MONITOR AND ENFORCE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR COMPLETES AN ANNUAL REVIEW OF THE HEAD OF SCHOOL IN WRITING. ANNUAL GOALS ARE SET AND AGREED TO BY THE HEAD AND THE BOARD CHAIR. THE DIRECTOR OF FINANCE PROVIDES A SPREADSHEEET WITH COMPENSATION LEVELS (E.G. SALARY, DEFERRED COMPENSATION) FOR ATLANTA AREA INDEPENDENT SCHOOLS, SAIS MEMBER SCHOOLS, ELEMENTARY NAIS MEMBER SCHOOLS, GISA MEMBER SCHOOLS, AND NAIS SCHOOLS WITH ENROLLMENT OF 201-300. THIS INFORMATION IS PROVIDED TO THE CHAIR OF THE BENEFITS COMMITTEE AND TO THE EXECUTIVE COMMITTEE TO USE IN COMPARING, SUBSTANTIATING, AND DETERMINING THE HEAD'S SALARY INCREASE FOR THE NEW SCHOOL YEAR. THE INCREASE IS VOTED ON WITH THE EXECUTIVE COMMITTEE AND REPORTED TO THE BOARD DURING EXECUTIVE SESSION. IT IS THEN PROVIDED TO THE DIRECTOR OF FINANCE IN WRITING. OTHER KEY POSITIONS ARE REVIEWED EVERY YEAR BY THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE USING THE SAME OR SIMILAR BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY SUBMITTING A REQUEST TO THE DIRECTOR OF FINANCE. READSOURCE INC 282 MOUNT PARAN ROAD ATLANTA GA 30327 465228845 EDUCATION GA 501(C)(3) LINE 12B, II N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 READSOURCE INC Q 298241 CASH READSOURCE INC D 5000 CREDIT CARD LIMIT READSOURCE INC O 892181 CASH