2025-03-24T16:27:12-05:00 2024-06-30 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2023-09-01 200033926 WESTLAKE ACADEMY FOUNDATION WEST 8174905722 2600 JT OTTINGER ROAD WESTLAKE TX 76262 SEAN SHOPE TREASURER 8174905722 2025-03-21 1 1 PRERNA JAGADA P01063809 9724901970 2023 2025-03-06 01:10:19Z DR SHELLY MYERS 2600 JT OTTINGER ROAD WESTLAKE TX 76262 1773531 0 X WESTLAKEACADEMYFOUNDATION.ORG X 2003 TX TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS. 10 10 0 50 0 0 652584 1307920 1220566 0 31608 140146 -77101 4034 1827657 1452100 1532696 1474608 0 0 0 0 0 0 0 76348 91831 1609044 1566439 218613 -114339 3284208 3178246 181144 33898 3103064 3144348 TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS. 0 0 1129384 1129384 BLACKSMITH ANNUAL FUND DONATIONS HELP FILL THE FUNDING GAP IN WESTLAKE ACADEMY'S ANNUAL OPERATING BUDGET. 100% OF DONATIONS RECEIVED THROUGH THE BLACKSMITH ANNUAL FUND CAMPAIGN ARE TRANSFERRED DIRECTLY TO THE ACADEMY. 310359 310359 PROVIDE "ABOVE AND BEYOND" SUPPORT FOR ACTIVITIES AND INITIATIVES OF ACADEMY OUTSIDE OF THE ANNUAL BUDGET. GRANTS HAVE FUNDED NEW CURRICULUM PROGRAMS, CLASSROOM PROJECTS, NEW EQUIPMENT, SMARTBOARDS AND PROFESSIONAL DEVELOPMENT/TRAINING. 34865 34865 INITIATIVE TO SUPPORT THE ACADEMY'S TEACHER RETENTION EFFORTS: FACULTY AND STAFF RECEIVE $1,100 IN GIFT CARDS TO PURCHASE CLASSROOM AND WORKSTATION RESOURCES. 1474608 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X DR SHELLY MYERS 8174905722 2600 JT OTTINGER ROAD WESTLAKE TX 76262 MICHAEL COLBY DIRECTOR 2.00 X 0 0 0 DEBBIE KRASKA DIRECTOR 2.00 X 0 0 0 SHARAN SANKARANARAYANAN DIRECTOR 2.00 X 0 0 0 PATTY PINSONNAULT DIRECTOR 2.00 X 0 0 0 HEATHER KILGORE DIRECTOR 2.00 X 0 0 0 ROB FITZGERALD DIRECTOR 2.00 X 0 0 0 CHRISTINE ROSS PRESIDENT 2.00 X X 0 0 0 MEGHAN DORR VICE PRESIDENT 2.00 X X 0 0 0 DR AHU PRIMEAUX SECRETARY 2.00 X X 0 0 0 SEAN SHOPE TREASURER 2.00 X X 0 0 0 SHELLY MYERS EXECUTIVE DIRECTOR 2.00 40.00 X 0 117548 10491 0 117548 10491 0 0 0 0 0 120807 1187113 25910 1307920 84391 84391 290915 235160 55755 55755 55755 90305 120807 86271 4034 4034 1452100 0 0 144180 1474608 1474608 20755 20755 14495 14495 11970 11970 19127 19127 1233 1233 12574 12574 315 315 CREDIT CARD/ BANK FEES 10119 10119 DONOR GIFTS 867 867 MISCELLANEOUS EXPENSES 173 173 DUES & SUBSCRIPTIONS 168 168 35 35 1566439 1474608 91831 0 978715 627993 7967 0 2297526 2550253 3284208 3178246 3341 32518 177803 1380 181144 33898 X 2785255 2823105 317809 321243 3103064 3144348 3284208 3178246 -114339 155623 0 X X 0 1 X 1 0 X 1053311 1431043 2351466 1873150 1307920 8016890 1053311 1431043 2351466 1873150 1307920 8016890 359528 7657362 68073 49924 115356 74352 84391 392096 37150 31350 40040 90305 198845 8607831 0.88960 0.87970 X PART II, SHORT YEAR EXPLANATION: THE CURRENT TAX YEAR IS A SHORT YEAR DUE TO THE CHANGE OF ACCOUNTING PERIOD FROM A FISCAL YEAR ENDED AUGUST 31 TO A FISCAL YEAR ENDED JUNE 30. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2310008 277802 10445 14495 2562870 2153037 187102 12875 17256 2310008 2499994 -321347 6735 18875 2153037 2021775 64634 437962 6490 17887 2499994 1865084 25903 153125 7828 14509 2021775 0.86267 0.10207 0.03527 0 0 0 EQUITIES 1570417 F FIXED INCOME 979836 F 2550253 X 1693994 155623 86271 241894 1452100 0 1452100 1652712 86273 86273 1566439 0 1566439 PART V, LINE 4: GENERAL WAF ENDOWMENT (UNRESTRICTED) IS AVAILABLE TO RESPOND TO EMERGENCIES OR OPPORTUNITIES IN ANY GIVEN SCHOOL YEAR. GINGY QUINN FUND IS RESTRICTED TO SUPPORTING INNOVATIVE PROGRAMS, NEW CLASSROOM TECHNOLOGIES, AND NEW TEACHER RESOURCES. JOE BRADLEY FUND IS RESTRICTED TO PROVIDING STUDENT TRAVEL AWARDS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 THAT WOULD BE SUBJECT TO THE RECOGNITION PROVISION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." GENERALLY, THE THREE PRIOR YEARS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 86,271. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 86,273. GALLERY NIGHT 211112 120807 90305 2500 32106 23780 27885 211112 120807 90305 2500 32106 23780 27885 86271 4034 DR SHELLY MYERS 2600 JT OTTINGER ROAD WESTLAKE TX 76262 0 WESTLAKE ACADEMY 2600 JT OTTINGER ROAD WESTLAKE TX 76262 1129384 345224 PURCHASE PRICE STEM EQUIPMENT, SUPPLIES, CLASSROOM FURNITURE, FOOD, CLOTHING, & GIFT CARDS SEE PART IV 1 SCHEDULE I PART II TO SUPPORT THE OPERATING BUDGET FOR THE WESTLAKE ACADEMY (BAF), SUPPORT FOR ACTIVITIES AND INITIATIVES OF THE ACADEMY OUTSIDE OF THE ANNUAL BUDGET, AND FACULTY AND STAFF RECEIVE $1,100 IN GIFT CARDS TO PURCHASE CLASSROOM AND WORKSTATION RESOURCES. SEE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS FOR ADDITIONAL DETAILS. X 4 25910 NYSE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD TREASURER PRIOR TO BEING FILED. EACH BOARD MEMBER HAS THE OPPORTUNITY TO SEE THE 990 PRIOR TO FILING BY REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS A COPY OF ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AND EACH IS AVAILABLE FOR REVIEW UPON REQUEST ALONG WITH THE PUBLIC AVAILABILITY OF THE ANNUAL AUDIT REPORT. PART XII, LINE 2C EXPLANATION THERE WAS NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT YEAR. TOWN OF WESTLAKE 2600 JT OTTINGER ROAD WESTLAKE TX 75262 752449357 MUNICIPALITY TX N/A 0 WESTLAKE ACADEMY 2600 JT OTTINGER ROAD WESTLAKE TX 75262 CHARTER SCHOOL TX TOWN OF WESTLAKE 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 WESTLAKE ACADEMY B 1474608 CASH WESTLAKE ACADEMY O CASH