BETA

AD FONTES DUCATIONAL TRUST: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
AD FONTES DUCATIONAL TRUST (EIN 54-1780628)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202501359349309515
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T13:03:12-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541149263PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1YOUNT HYDE & BARBOUR PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2560AddressLine1Txt
CityWINCHESTERCityNm
State AbbreviationVAStateAbbreviationCd
ZIP226041760ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541780628EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AD FONTES EDUCATIONAL TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlADFOBusinessNameControlTxt
Phone7036731145PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115452 LEE HIGHWAYAddressLine1Txt
CityCENTREVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP201202127ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD LEEDPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7036731145PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonOLIVIA A HUTTON CPAPreparerPersonNm
PTINP00964688PTIN
Phone5406623417PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1AD FONTES ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerJOSH MCCROSKEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line115452 LEE HIGHWAYAddressLine1Txt
CityCENTREVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP201202127ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,323,233GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ADFONTES.COMWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1995FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionSUPPORT FOR CHRISTIAN BASED EDUCATION PROGRAMS. PROVIDE A SCHOOL FOR CHRISTIAN BASED EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee50TotalEmployeeCnt
Total Volunteers55TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$200,491PYContributionsGrantsAmt
CY Contributions Grants$245,803CYContributionsGrantsAmt
PY Program Service Revenue$2,657,464PYProgramServiceRevenueAmt
CY Program Service Revenue$2,668,318CYProgramServiceRevenueAmt
PY Investment Income$6PYInvestmentIncomeAmt
CY Investment Income$18CYInvestmentIncomeAmt
PY Other Revenue$276PYOtherRevenueAmt
CY Other Revenue$409,094CYOtherRevenueAmt
PY Total Revenue$2,858,237PYTotalRevenueAmt
CY Total Revenue$3,323,233CYTotalRevenueAmt
PY Grants And Similar Paid$445,182PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$437,018CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,659,094PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,627,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$27,111CYTotalFundraisingExpenseAmt
PY Other Expenses$747,491PYOtherExpensesAmt
CY Other Expenses$780,328CYOtherExpensesAmt
PY Total Expenses$2,851,767PYTotalExpensesAmt
CY Total Expenses$2,844,346CYTotalExpensesAmt
PY Revenues Less Expenses$6,470PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$478,887CYRevenuesLessExpensesAmt
Total Assets BOY$914,471TotalAssetsBOYAmt
Total Assets EOY$1,339,181TotalAssetsEOYAmt
Total Liabilities BOY$773,562TotalLiabilitiesBOYAmt
Total Liabilities EOY$719,385TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$140,909NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$619,796NetAssetsOrFundBalancesEOYAmt
MissionTHE AD FONTES MISSION IS TO GLORIFY GOD BY ASSISTING CHRISTIAN PARENTS IN EQUIPPING THEIR CHILDREN TO BE SERVANT LEADERS THROUGH A CLASSICAL EDUCATION BASED ON ETERNAL BIBLICAL TRUTH.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,607,232ExpenseAmt
Grant$437,018GrantAmt
Revenue$3,077,412RevenueAmt
DescSUPPORT CHRISTIAN BASED EDUCATION PROGRAMS, INCLUDING OPERATION OF A K-12 SCHOOL, WHICH PROVIDED A CHRISTIAN BASED EDUCATION TO 179 STUDENTS FOR THE 2023/2024 SCHOOL YEAR.Desc
Total Program Service Expenses$2,607,232TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee50EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JULIE JEFFREYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7036731145PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115452 LEE HIGHWAYAddressLine1Txt
CityCENTREVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP20120ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
HAL LINDSEY
CHAIRMAN3.00Yes (X)Yes (X)$0$0$0
KYLE PERRY
VICE CHAIR3.00Yes (X)Yes (X)$0$0$0
RICHARD LEED
TREASURER3.00Yes (X)Yes (X)$0$0$0
SANDRA BUSCHING
SECRETARY1.00Yes (X)Yes (X)$0$0$0
SAM COX
TRUSTEE1.00Yes (X)$0$0$0
KAREN DOUGHERTY
TRUSTEE1.00Yes (X)$0$0$0
DAYLE PERCLE
TRUSTEE1.00Yes (X)$0$0$0
MARK GOTTLIEB
TRUSTEE1.00Yes (X)$0$0$0
JOSHUA MCCROSKEY
HEAD OF SCHOOL50.00Yes (X)$125,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$125,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$245,803AllOtherContributionsAmt
Total Contributions$245,803TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611110$2,569,177$2,569,177
STUDENT ACTIVITY FEES611710$99,141$99,141
FieldValueIRS element (for citing)
Total Program Service Revenue$2,668,318TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$18TotalRevenueColumnAmt
Exclusion$18ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYEE RETENTION CRE900099$407,577$407,577
MISC REVENUE900099$1,517$1,517
FieldValueIRS element (for citing)
Other Revenue Total$409,094OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,323,233TotalRevenueColumnAmt
Related Or Exempt Func Income$3,077,412RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$18ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$437,018TotalAmt
Program Services$437,018ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$125,000TotalAmt
Program Services$25,000ProgramServicesAmt
Management And General$87,500ManagementAndGeneralAmt
Fundraising$12,500FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,322,782TotalAmt
Program Services$1,277,237ProgramServicesAmt
Management And General$39,164ManagementAndGeneralAmt
Fundraising$6,381FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$66,463TotalAmt
Program Services$59,989ProgramServicesAmt
Management And General$5,626ManagementAndGeneralAmt
Fundraising$848FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$112,755TotalAmt
Program Services$101,771ProgramServicesAmt
Management And General$9,545ManagementAndGeneralAmt
Fundraising$1,439FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,151TotalAmt
Management And General$2,151ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,150TotalAmt
Management And General$4,150ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$61,867TotalAmt
Management And General$61,867ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,106TotalAmt
Program Services$15,106ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$177,227TotalAmt
Program Services$175,929ProgramServicesAmt
Fundraising$1,298FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,645TotalAmt
Fundraising$4,645FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$203,029TotalAmt
Program Services$203,029ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,500TotalAmt
Program Services$8,500ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$12,405TotalAmt
Program Services$12,405ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$56,813TotalAmt
Program Services$56,813ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,653TotalAmt
Program Services$20,653ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
SCHOOL EVENTS AND EXTRA$101,076$101,076
CLASSROOM AND CURRICULU$57,043$57,043
OTHER EXPENSES$48,825$48,825
ASSOCIATION DUES AND AC$6,838$6,838

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,844,346TotalAmt
Program Services$2,607,232ProgramServicesAmt
Management And General$210,003ManagementAndGeneralAmt
Fundraising$27,111FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$76,647BOYAmt
EOY$148,052EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,220BOYAmt
EOY$412,338EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,268,160LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$496,178LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$827,627BOYAmt
EOY$771,982EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$7,977BOYAmt
EOY$6,809EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$914,471BOYAmt
EOY$1,339,181EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$73,492BOYAmt
EOY$145,743EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$434,052BOYAmt
EOY$321,508EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$266,018BOYAmt
EOY$252,134EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$773,562BOYAmt
EOY$719,385EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$140,909BOYAmt
EOY$619,796EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$140,909BOYAmt
EOY$619,796EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$914,471BOYAmt
EOY$1,339,181EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$478,887ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$660,761OtherCostOrOtherBasisAmt
Depreciation$146,606DepreciationAmt
Book Value$514,155BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$542,844OtherCostOrOtherBasisAmt
Depreciation$307,615DepreciationAmt
Book Value$235,229BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,555OtherCostOrOtherBasisAmt
Depreciation$41,957DepreciationAmt
Book Value$22,598BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$771,982TotalBookValueLandBuildingsAmt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationNOTIFICATION HAS BEEN MADE ON THE WEBSITE AND HANDBOOKS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeTUITION REDUCTION/FINANCIAL AIDGrantTypeTxt
Recipient96RecipientCnt
Non Cash Assistance$437,018NonCashAssistanceAmt
Valuation Method UsedREDUCTION FROM PUBLISHED TUITION CHARGESValuationMethodUsedDesc
Non Cash AssistanceSEE DESCRIPTION BELOW IN PART IVNonCashAssistanceDesc

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonSARAH LEEDPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionWIFE OF BOARD MEMBERRelationshipDescriptionTxt
Transaction$17,644TransactionAmt
TransactionEMPLOYEE COMPENSATION PAYMENTSTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B990 REVIEW (BY BOARD BEFORE FILING) - DESCRIPTION OF STEPS TAKEN I. ONCE THE 990 IS PREPARED, IT IS SENT ELECTRONICALLY TO ALL TRUSTEES. II. ALL TRUSTEES ARE RESPONSBILE TO REVIEW THE FORM 990, TAKING THIS OPPORTUNITY TO PROVIDE THE ORGANIZATION WITH ESSENTIAL, HANDS-ON LEADERSHIP. III. THE TRUSTEES SEND WRITTEN COMMENTS REGARDING FORM 990 OR A SIMPLE STATEMENT OF APPROVAL TO THE BOARD TREASURER. IV. THE TREASURER SENDS COPIES OF ALL COMMUNICATION FROM THE TRUSTEES TO THE BUSINESS MANAGER. THESE COPIES ARE RETAINED WITH THE ORGANIZATION'S COPY OF THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY - DESCRIPTION OF COMPLIANCE MONITORING I. ANY AFET TRUSTEE OR OFFICER OR EMPLOYEE WHO WANTS TO SPEND OR OTHERWISE OBLIGATE AFET'S RESOURCES AND WHO STANDS TO BENEFIT FROM THE RESULTING TRANSACTION HAS A DUTY TO FIRST DISCLOSE THAT CONFLICT OF INTEREST TO THE AFET BOARD OF TRUSTEES. THE DISCLOSURE SHOULD BE MADE VIA THE CHAIRMAN OF THE BOARD OF TRUSTEES, OR IN HIS OR HER ABSENCE, VIA THE VICE CHAIRMAN OF THE BOARD. II. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST THE BOARD OF TRUSTEES SHALL DISCUSS THE MATTER AND DETERMINE BY VOTE WHETHER A CONFLICT OF INTEREST EXSISTS AND, IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFICT IN KEEPING WITH GOD-HONORING, ETHICAL OVERSIGHT, AND WITH THE GOAL OF PROTECTING AFET'S BEST INTERESTS. BOTH VOTES SHALL BE BY A MAJORITY VOTE, WITHOUT THE PRESENCE OR THE VOTE OF ANY INTERESTED TRUSTEE. III. NO MEMBER OF THE BOARD OF TRUSTEES OR OFFICER SHALL PARTICIPATE IN ANY DISCUSSION AT A BOARD MEETING OR VOTE ON ANY MATTER IN WHICH HE OR SHE OR A MEMBER OF HIS IMMEDIATE FAMILY HAS POTENTIAL CONFLICT OF INTEREST DUE TO HAVING MATERIAL ECONOMIC INVOLEMENT REGARDING THE MATTER BEING DISCUSSED. WHEN SUCH A SITUATION PRESENTS ITSELF THE TRUSTEE MUST ANNOUNCE HIS OR HER POTENTIAL CONFLICT OF INTEREST TO THE BOARD, DISQUALIFY HIMSELF OR HERSELF, AND BE EXCUSED FROM THE BOARD MEETING UNTIL DISCUSSION IS COMPLETED AND A DECISION REGARDING THE MATTER IS MADE BY NON-BIASED, DISINTERESTED TRUSTEES. THE ONLY EXCEPTION IS THAT HE OR SHE MAY BE CALLED UPON BY THE PRESIDING OFFICER OF THE BOARD MEETING TO PROVIDE CLARIFYING INFORMATION, UNLESS A DISINTERESTED TRUSTEE OBJECTS, IN WHICH CASE A DECISION WILL BE MADE BY MAJORITY VOTE OF THE BOARD TO EXCLUDE OR PERMIT THE CLARIFYING INFORMATION. IV. UPON COMMENCEMENT OF THEIR SERVICE, A COPY OF THIS POLICY SHALL BE GIVEN TO ALL TRUSTEES AND OFFICERS AND EMPLOYEES WHO ARE IN A POSITION TO MAKE DECISIONS ABOUT SPENDING OR OTHERWISE MANAGING AFET'S RESOURCES. AT THAT TIME, THEY SHALL SIGN AND DATE THAT THEY HAVE READ AND UNDERSTOOD THE POLICY AND DISCLOSE IN WRITING ANY EXCEPTIONS TO THE POLICY OF WHICH THEY ARE AWARE.
FORM 990, PART VI, SECTION C, LINE 19AD FONTES EDUCATIONAL TRUST WILL REVIEW AND RESPOND TO REQUESTS FROM THE PUBLIC FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN ACCORDANCE WITH APPLICABLE STATE AND FEDERAL LAWS.

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