2024-03-20T12:15:37-05:00 2023-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2022-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC % KIM RICH ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2024-05-15 true AMY SHAFRON 999009999 SABRE J LINAHAN P01372980 4048746244 2024-05-15 3 2022 2023-04-26 12:10:37Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 30542350 false X WWW.DAVISACADEMY.ORG X 1992 GA TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE. 40 39 143 120 0 2982381 4616907 13012005 13969619 2758397 -442337 -44842 -10192 18707941 18133997 1995725 2696101 0 0 7164302 7926046 0 0 517559 4882041 4775819 14042068 15397966 4665873 2736031 60440379 68039371 11487097 11020837 48953282 57018534 X TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE IN A NURTURING, SECURE ENVIRONMENT, INSTRUCTED BY A FACULTY DEDICATED TO EXCELLENCE, CHILDREN ARE ENCOURAGED TO REACH THEIR HIGHEST POTENTIAL. THE DAVIS ACADEMY STRIVES TO CREATE A COMMUNITY IN WHICH CHILDREN DEVELOP A LIFE-LONG LOVE FOR LEARNING AND A COMMITMENT TO JEWISH LIFE FOUNDED ON MORALS, VALUES, AND ETHICS, GROUNDED IN TORAH. false false 11129459 2696101 13969619 THE CORPORATION OPERATED AS A NON-PROFIT PRE-K THROUGH EIGHTH GRADE PRIVATE SCHOOL WITH 469 STUDENTS IN ATTENDANCE. 11129459 true true false false false false false false false true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false true false true false false false false false false false false true 43 0 true 143 true false false false false false true true false false false false false false X 40 39 true false false false false false false true true false false true true true true true true true true false GA X KIM RICH 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 X Amy Shafron Head of School 40.0 0.0 X 396487 0 34058 Drew Frank Principal/Associate Head of Sc 40.0 0.0 X 215124 0 20634 Kim Rich Chief Financial Officer 40.0 0.0 X 187697 0 19272 Elisa Prager Director of Institutional Adva 40.0 0.0 X 154033 0 14848 Micah Lapidus School Rabbi/Director of Jewi 40.0 0.0 X 157339 0 6631 Abby Bechler-Karsch Director 1.0 0.0 X 0 0 0 Amy Robinson Director 1.0 0.0 X 0 0 0 Ann Davis Director 1.0 0.0 X 0 0 0 Barbie Bregen Director 1.0 0.0 X 0 0 0 Ben Sillins Past President 1.0 0.0 X 0 0 0 Bennett Kaplan Director 1.0 0.0 X 0 0 0 Beth Warner Director 1.0 0.0 X 0 0 0 Bill Rothschild Director 1.0 0.0 X 0 0 0 Billie Greenberg Past President 1.0 0.0 X 0 0 0 Bobbi Perlstein Director 1.0 0.0 X 0 0 0 Brian Mand Vice President 1.0 0.0 X 0 0 0 Bryan Fields Past President 1.0 0.0 X 0 0 0 Carol Nemo Past President 1.0 0.0 X 0 0 0 Carol Rubin Director 1.0 0.0 X 0 0 0 Dana Bernath Director 1.0 0.0 X 0 0 0 David Goldberg Director 1.0 0.0 X 0 0 0 Dean Benamy Past President 1.0 0.0 X 0 0 0 Debbie Kurzweil Past President 1.0 0.0 X 0 0 0 Dulcy Davis Rosenberg Trustee for Life 1.0 0.0 X 0 0 0 Elizabeth Davis Director 1.0 0.0 X 0 0 0 Emily Silberman Director 1.0 0.0 X 0 0 0 Evan Toporek Past President 1.0 0.0 X 0 0 0 Harriet Zoller Past President 1.0 0.0 X 0 0 0 Hope Kaufman Director 1.0 0.0 X 0 0 0 Jami Kohn Director 1.0 0.0 X 0 0 0 Jan Epstein Past President 1.0 0.0 X 0 0 0 Jason Tessler Director 1.0 0.0 X 0 0 0 Jay Davis Trustee for Life 1.0 0.0 X 0 0 0 Jeff Hopkins Vice President 1.0 0.0 X 0 0 0 Jon Leven Past President 1.0 0.0 X 0 0 0 Josh Perlstein Director 1.0 0.0 X 0 0 0 Julia Galanti Director 1.0 0.0 X 0 0 0 Karl Altmann Director 1.0 0.0 X 0 0 0 Kevin Levingston Treasurer 1.0 0.0 X 0 0 0 Linda Selig Director 1.0 0.0 X 0 0 0 Lisa Freedman President 1.0 0.0 X 0 0 0 Lisa Haynor Secretary 1.0 0.0 X 0 0 0 Mara Berman Director 1.0 0.0 X 0 0 0 Mark Edelstein Vice President 1.0 0.0 X 0 0 0 Meryl Macune Director 1.0 0.0 X 0 0 0 Micah Goldstein Vice President 1.0 0.0 X 0 0 0 Michelle Rosenberg Director 1.0 0.0 X 0 0 0 Murray Goldman Director 1.0 0.0 X 0 0 0 Rob Perkins Director 1.0 0.0 X 0 0 0 Russell Falkenstein Director 1.0 0.0 X 0 0 0 Sam Tuck Past President 1.0 0.0 X 0 0 0 Scott Bohrer Director 1.0 0.0 X 0 0 0 Sidney Kirschner Trustee for Life 1.0 0.0 X 0 0 0 Stacey Rothberg Director 1.0 0.0 X 0 0 0 Stanley Sonenshine Secretary 1.0 0.0 X 0 0 0 Steven Cohen Director 1.0 0.0 X 0 0 0 Tonia Sellers Past President 1.0 0.0 X 0 0 0 Vanessa Frank Director 1.0 0.0 X 0 0 0 William Breman zl Trustee for Life 1.0 0.0 X 0 0 0 1110680 0 95443 5 false true false SAGE DINING SERVICES INC 3687 MCELROY RD ATLANTA GA 30340 FOOD SERVICE 563404 CLEANSTAR NATIONAL INC 540 COLLINS RD MARIETTA GA 30066 JANITORIAL 348105 National Transportation Group LLC 6100 Lake Forrest Drive Suite 440 ATLANTA GA 30328 bus transportation 316889 Aprio LLP PO Box 117310 ATLANTA GA 303687310 Consulting 121977 4 709192 562338 3345377 158694 4616907 TUITION AND FEES 13930008 13930008 MISC PROGRAM SERVICE REVENUE 39611 39611 13969619 1031871 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9250 59284 68534 12515817 186048 2696101 2882149 15397966 Schedule D, Part V, Line 4 Endowment assets include those assets of donor restricted funds the the academy must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds. The Academy's endowments are invested in pooled funds. As of January 2023, all funds are held at Wells Fargo; prior to this time, the Jewish Federation of greater Atlanta ("JFGA") held the Academy's funds. The Academy's investment policy defines acceptable investment vehicles and also establishes a minimum and maximum for each type of investment to achieve the stated goals. The approved investment vehicles include equities, fixed income securities, cash equivalents, real assets and alternative investments. The Academy has adopted a spending policy under which spending of income earned by the unrestricted endowment accounts is discretionary, based on the needs of the Academy and the approval of the Academy's Board of Trustees. Endowment funds created through restricted gifts from donors are to be managed according to the wishes of the donors. However, only up to 4% of the three-year average market value will be distributed. Unless otherwise stipulated by the donors, all principal is to be kept intact, and only the earnings are to be used for the restricted purpose of the fund. The Academy considers a fund to be underwater if the fair value of the fund is less than the sum of (a) the original value of initial and subsequent gift amounts donated to the fund and (b) any accumulations to the fund that are required to be maintained in perpetuity in accordance with the direction of the applicable donor gift instrument. The Academy has complied with UPMIFA to permit spending from an underwater endowment. Schedule D, Part X, Line 2 The Academy qualifies as a tax-exempt organization under Section 501(3) of the Internal Revenue Code and, therefore, has no provision for income taxes. However, income from certain activities not directly related to the Academy's tax exempt purpose is subject to taxation as unrelated business income. During the years ended June 30, 2023 and 2022, the Academy incurred no income tax expense related to unrelated business income. The Academy qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The Academy annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Academy takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Academy is subject to examination by the federal and state taxing authorities. In general, the Academy is no longer subject to tax examinations for tax years ending before June 30, 2020. Schedule D, Part XI, Line 4B TUITION ASSISTANCE: $2,696,101 Schedule D, Part XII, Line 4B TUITION ASSISTANCE: $2,696,101 SCHEDULE D, PART XI, LINE 2D $66,603 + DIRECT RENTAL EXPENSES $7,319 - FUNDRAISING EXPENSES -------------------------------- $59,284 = SCHEDULE D, PART XII, LINE 2D $66,603 + DIRECT RENTAL EXPENSES $7,319 - FUNDRAISING EXPENSES -------------------------------- $59,284 = true true true true true true true false false false false false false false false false false true Sch E Part 1, Line 3 Policy is publicized on application materials which is provided along with an information package for all interested parties. Middle East and North Africa Program Services 8th Grade Trip 50344 50344 50344 false false false false false false community celeb 801429 626192 175237 20971 106839 20039 golf tournament 121350 83000 38350 49897 117 7599 0 922779 709192 213587 70868 106956 27638 205462 8125 true Financial Assistance as Reduction in Tuition 205 1509094 Amount of Tuition Reduction in Tuition Financial Aid for Students 117 716537 Cash Tuition Discounts 202 470470 Amount of Tuition Tuition Discount Part I, Line 2 Financial aid is need based. Each applicant fills out a standard form annually awards are decided annually by a committee of the board. X false false false false false false false true false Drew Frank Principal/Associate Head of Sc 198132 0 10000 0 6992 0 9318 0 11510 0 235952 0 0 0 Micah Lapidus School Rabbi/Director of Jewi 125574 0 5000 0 26765 0 6631 0 194 0 164164 0 0 0 Elisa Prager Director of Institutional Adva 150533 0 3500 0 0 0 7105 0 7937 0 169075 0 0 0 Amy Shafron Head of School 361487 0 35000 0 0 0 15250 0 21362 0 433099 0 0 0 Kim Rich Chief Financial Officer 182697 0 5000 0 0 0 9409 0 10057 0 207163 0 0 0 Part 1, Line 7 Bonus payments are paid annually based on performance. A City of Sandy Springs Development Authority 261580939 000000000 2013-06-20 10590000 To Refinance the Cost of Acquiring false false false A 6607992 0 10590000 0 0 0 0 0 0 0 0 0 true false true true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true Part I, Column F To refinance the cost of acquiring, constructing, renovating, and installing. Part IV, Line 2c The Rebate Computation date is N/A jill rosenbluth Family Member of Billie Greenberg (Board Member) 52292 COMPENSATION false X 5 158694 fmv false true true PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32A: THE ACADEMY USES ITS BROKER TO LIQUIDATE STOCK DONATIONS TO CASH IMMEDIATELY UPON RECEIPT. Form 990, Part VI, Section A, Question 2 Jay Davis and Ann Davis both serve as non-voting trustees for life on The Alfred and Adele Davis Academy, Inc. board and they are married. Dulcy Rosenberg is a non-voting trustee for life of the Academy's board. Michelle Rosenberg is the daughter of Dulcy and serves as a member of the board. Jay Davis is the brother of Dulcy and serves as a non voting trustee for life. Bobbi Perlstein is a board member of the Academy. Josh Perlstein is the son of Bobbi and serves as a member of the board. Form 990, Part VI, Section B, Line 11 The Head of School and CFO review the return in detail prior to filing and a copy of the return is available for all board members to review as requested. Form 990, Part VI, Section B, Line 12C The organization has board members and officers read and sign an acknowledgement that they have read the policies and procedures and that no conflicts exist. Should conflicts arise, the issues are discussed and resolved by an independent committee of the board. Form 990, Part VI, Section B, Line 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CFO COMPENSATION BY the CEO IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND KEY EMPLOYEE COMPENSATION DETERMINED BY THE CEO AND CFO IN CONSULTATION WITH THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 18 THESE ITEMS ARE MADE AVAILABLE AT THE ORGANIZATION OFFICES UPON REQUEST. Form 990, Part VI, Section C, Line 19 Available upon request. Form 990, Part XI, Line 8 ($9,250) Bad Debt on Pledges in Prior Periods Form 990, Part XII, Line 2C AUDIT COMMITTEE MEETS ANNUALLY WITH AUDITORS, REVIEWS FINANCIAL STATEMENTS, MAKES ANY RECOMMENDATIONS NECESSARY TO BOARD, AND THE BOARD VOTES TO ACCEPT AUDIT AND/OR APPROVES AUDIT COMMITTEE RECOMMENDATIONS.