2024-12-18T13:22:36-06:00 2024-05-31 994625061 CRI ADVISORS LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2023-06-01 581484540 THE COTTAGE SCHOOL EDUCATIONAL RESOURCE CENTER INC COTT 7706418688 700 GRIMES BRIDGE ROAD ROSWELL GA 30075 KELLEY LEROY CHIEF FINANCIAL OFFICER 7706418688 2024-12-10 1 0 TIFFANY T ORR CPA P01559485 7703948000 2024-12-10 2023 2024-10-15 13:58:12Z KELLEY LEROY 700 GRIMES BRIDGE ROAD ROSWELL GA 30075 10429581 0 X HTTP://COTTAGESCHOOL.ORG X 1985 GA TO PREPARE STUDENTS WITH SPECIAL LEARNING NEEDS FOR FULFILLMENT OF THEIR TRUE POTENTIAL. 22 22 103 56 0 0 744269 198331 8063007 8177301 185523 430917 122125 106292 9114924 8912841 417008 265524 0 0 5900104 6527530 0 0 287125 2476604 2581702 8793716 9374756 321208 -461915 18873988 18759100 8728526 9084563 10145462 9674537 X BUILDING A SENSE OF SELF FOR STUDENTS WITH SPECIAL LEARNING NEEDS THROUGH ACADEMIC AND EXPERIENTIAL PROGRAMMING, THE COTTAGE SCHOOL ("TCS") PREPARES INDIVIDUALS FOR FULFILLMENT OF THEIR TRUE POTENTIAL AS CONFIDENT, PRODUCTIVE AND INDEPENDENT ADULTS. TCS PROVIDES INDIVIDUALIZED EDUCATIONAL PROGRAMMING FOR ADOLESCENTS WHO HAVE A HISTORY OF LEARNING DISABILITIES. WE BELIEVE THAT THERE IS A SIGNIFICANT NUMBER OF STUDENTS, GRADES 3-12, WHO ARE PREVENTED FROM ACHIEVING THEIR POTENTIAL DUE TO A LACK OF INDIVIDUAL ATTENTION, ENVIRONMENTAL STRUCTURE, LOW SELF-CONFIDENCE OR WEAKNESS THAT OTHER SCHOOL SYSTEMS ARE NOT PREPARED TO ADDRESS. TCS OFFERS TRADITIONAL ACADEMIC CLASSES AND EXPERIENTIAL COURSES THAT INCLUDE CARPENTRY, DRAMA, MUSIC, HORTICULTURE AND CULINARY ARTS. THE SCHOOL'S UNIQUE PROGRAM FOCUSES ON LIFE SKILLS, CAREER GOALS AND EDUCATIONAL OPTIONS. 0 0 6428971 265524 8222204 THE COTTAGE SCHOOL ("TCS") PROVIDES INDIVIDUALIZED EDUCATIONAL PROGRAMMING FOR ADOLESCENTS WITH A HISTORY OF LEARNING DIFFICULTIES. THE ELEMENTARY SCHOOL SERVED 44 STUDENTS, THE MIDDLE SCHOOL SERVED APPROXIMATELY 102 STUDENTS AND THE HIGH SCHOOL SERVED APPROXIMATELY 133 STUDENTS DURING THE FISCAL YEAR ENDED 5/31/2024. 6428971 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 48 0 103 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X KELLEY LEROY 7706418688 700 GRIMES BRIDGE RD ROSWELL GA 30075 SANDY BUHLER BOARD MEMBER 1.00 X 0 0 0 KIRK BROWN BOARD MEMBER 1.00 X 0 0 0 SHICA BAKER BOARD MEMBER 1.00 X 0 0 0 ROBERT HAGAN EXECUTIVE ADVISOR 1.00 X X 0 0 0 DOUG CURLING BOARD MEMBER 1.00 X 0 0 0 AMY GATES-STROUD BOARD MEMBER 1.00 X 0 0 0 HOLLY RANNEY BOARD MEMBER 1.00 X 0 0 0 JEAN MENSE BOARD MEMBER 1.00 X 0 0 0 TILLIE O'NEAL BOARD MEMBER 1.00 X 0 0 0 RONALD MERLIN BOARD MEMBER 1.00 X 0 0 0 DENISE BETTS BOARD MEMBER 1.00 X 0 0 0 LESLIE BASSETT BOARD MEMBER 1.00 X 0 0 0 RICH ALTERMAN BOARD MEMBER 1.00 X 0 0 0 KADIJAH VICKERS BOARD MEMBER 1.00 X 0 0 0 JOHN BARBER BOARD MEMBER 1.00 X 0 0 0 JERRY HUMPHRIES BOARD MEMBER 1.00 X 0 0 0 JEFF KINCAID BOARD MEMBER 1.00 X 0 0 0 WALLY MROZIK PAST-PRESIDENT 1.00 X 0 0 0 GORDON OWENS PRESIDENT 1.00 X X 0 0 0 BECKY THELEN SECRETARY 1.00 X X 0 0 0 BLAKE HARBIN TREASURER 1.00 X X 0 0 0 KURT HILBERT VICE PRESIDENT 1.00 X X 0 0 0 KELLEY LEROY CHIEF FINANCIAL OFFICER 40.00 X 148880 0 9144 STEVE PALMER EXECUTIVE DIRECTOR 40.00 X 270617 0 20239 LAURA FINNELL HIGH SCHOOL PRINCIPAL 40.00 X 110861 0 4403 530358 0 33786 3 1 1 0 SAVANT CTS LLC 301 HERITAGE WALK WOODSTOCK GA 30188 I.T. SUPPORT 188505 BUSMAX LEASING LLC 506A TURNER MCCALL BLVD ROME GA 30165 LEASING SERVICES 131710 2 198331 16600 198331 TUITION AND FEES 611600 7859566 7859566 STUDENT ACTIVITIES 611600 248524 248524 ANCILLARY PROGRAMS 611600 58816 58816 SUMMER SCHOOL 611600 10395 10395 8177301 429660 429660 1423864 1422607 1257 1257 1257 155522 94133 61389 61389 OTHER MISCELLANEOUS REVENUE 611600 44903 44903 44903 8912841 8222204 0 492306 265524 265524 411096 279022 121805 10269 5052027 3428952 1496876 126199 219668 149095 65086 5487 453755 307976 134444 11335 390984 265372 115845 9767 86077 86077 5120 5120 46477 12934 32989 554 7737 7737 37721 6931 30790 255616 11746 151150 92720 246187 184640 61547 212934 185891 27043 136651 117520 19131 451659 392943 58716 65442 32721 32721 REPAIRS AND MAINTENANCE 401432 350450 50982 STUDENT ACTIVITIES 338203 332919 5284 MISCELLANEOUS 131571 1407 130164 CLASSROOM AND INSTRUCTI 101516 101516 57359 8343 49012 4 9374756 6428971 2658660 287125 2216610 5551278 1787781 615189 16868 42282 79563 83526 12032438 5131883 6837641 6900555 6919001 4295688 1016274 1203269 250 67313 18873988 18759100 639150 733367 3631376 3832635 3441726 3315292 1016274 1203269 8728526 9084563 X 9146843 8707983 998619 966554 10145462 9674537 18873988 18759100 -461915 -8661 -349 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 724672 6755 74300 657127 719055 37132 31515 724672 695487 23568 719055 669374 26113 695487 697989 -3615 25000 669374 0.76089 0.23911 0 0 1213391 1213391 8359317 3927774 4431543 1392929 483751 909178 765413 481640 283773 301388 238718 62670 6900555 457(B) PLAN PUBLICLY TRADED MUTUAL FUNDS 1203269 F 1203269 DEFERRED COMPENSATION 1203269 1203269 X 8725051 -8661 -8661 8733712 7737 171391 179128 8912840 9195627 0 9195627 7737 171391 179128 9374755 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. THE SCHOOL HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MAY 31, 2024 AND 2023. 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 MAY 31, 2024 AND 2023, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET TUITION ASSISTANCE & SCHOLARSHIPS 265,524. FUNDRAISING EXPENSES -94,133. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET TUITION ASSISTANCE & SHOLARSHIPS 265,524. FUNDRAISING EXPENSES -94,133. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE COTTAGE SCHOOL IS A 501(C)(3)ORGANIZATION THAT MAINTAINS A NON-DISCRIMINATORY POLICY IN ALL SCHOOL PROGRAMS. THIS STATEMENT IS INCLUDED IN MATERIALS AND WEBSITE INFORMATION THAT INFORMS THE PUBLIC ABOUT THE SCHOOL. GLITTER AUCTION 129047 129047 46664 PUMPKIN RUN 22429 22429 13218 4 4046 4046 34251 155522 155522 94133 94133 61389 0 SCHOLARSHIP 28 265524 BOOK TUITION IS REDUCED BY AMOUNT OF AWARD. SCHEDULE I, PART III PARENTS/GUARDIANS ARE REQUIRED TO COMPLETE A FINANCIAL AID APPLICATION THROUGH A THIRD PARTY FINANCIAL AID ASSESSMENT FIRM (TADS). THE RESULTS OF THE TADS APPLICATION ARE SUMMARIZED AND PRESENTED ALONG WITH ALL STUDENTS REQUESTING FINANCIAL AID TO THE FINANCIAL AID COMMITTEE. THE COMMITTEE HAS ESTABLISHED A POINT SYSTEM AWARDING (OR DEDUCTING) POINTS FOR VARIOUS INDICATORS OF NEED. EXAMPLES WOULD INCLUDE (BUT ARE NOT LIMITED TO) GRADE LEVEL, TADS RECOMMENDED LEVEL OF NEED, COMPLETENESS OF APPLICATION, AMOUNT OF AID PROVIDED IN PREVIOUS YEAR(S), SPECIAL CIRCUMSTANCES, PRINCIPAL INPUT, ETC. THE FINANCIAL AID COMMITTEE MAKES FINAL DETERMINATION OF NEED, AND BASED ON AVAILABLE SCHOLARSHIP FUNDS MAKES A PRELIMINARY OFFER OF AID TO THE FAMILY. UPON ACCEPTANCE OF THE FINANCIAL AID, THE STUDENT IS AWARDED THE SCHOLARSHIP. X X X X 0 0 0 0 0 0 0 0 0 STEVE PALMER EXECUTIVE DIRECTOR 244467 0 17750 0 8400 0 7977 0 12262 0 290856 0 0 0 KELLEY LEROY CHIEF FINANCIAL OFFICER 147414 0 1466 0 0 0 6069 0 3075 0 158024 0 0 0 JOHN BARBER BOARD MEMBER, OWNER OF SPEEDPRO IMAGING 21584 PRINTING AND MARKETING 0 BOB CRENSHAW FORMER CFO, OWNER OF JUST BOB LLC 72000 CONSULTING 0 FORM 990, PART VI, SECTION A, LINE 4 UPDATED BYLAWS FOR NUMBER OF BOARD MEMBERS ON JULY 13, 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE DRAFT 990 BEFORE IT'S FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEW OF CONFLICT OF INTEREST POLICY IS SIGNED BY EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS PERFORMANCE OBJECTIVES AS WELL AS DATA SUPPLIED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS FOR HEAD COMPENSATION DETERMINATION. ALL OTHER EMPLOYEES RECEIVE A FIXED ANNUAL PERCENTAGE INCREASE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF BOARD MINUTES ARE MAINTAINED BY THE EXECUTIVE ASSISTANT AND ARE AVAILABLE FOR VIEWING UPON REQUEST.