2024-12-09T12:32:51-06:00 2024-05-31 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2023-06-01 620488045 COLUMBIA ACADEMY COLU 9313885363 1101 WEST 7TH STREET COLUMBIA TN 38401 ANDREW WILLIAMS CFO 9313885363 2024-12-09 1 1 JULIE DUNKIN P00742923 6153774600 2024-12-09 2023 2024-10-15 13:58:12Z DR JAMES THOMAS 1101 WEST 7TH STREET COLUMBIA TN 38401 18302858 0 X WWW.CABULLDOGS.ORG X 1979 TN COLUMBIA ACADEMY IS COMMITTED TO SERVING IT'S STUDENTS SO THEY MASTER SKILLS, KNOWLEDGE, AND CHARACTER APPROPRIATE FOR THEM AND THEIR FUTURE WHILE BECOMING CHRIST-LIKE IN ATTITUDE AND BEHAVIOR. 14 14 246 100 0 0 1801972 2981575 12156474 13292938 107129 759494 0 0 14065575 17034007 1073269 1108314 0 0 7739440 8819502 32823 0 132644 3805201 4074303 12650733 14002119 1414842 3031888 18749930 21751977 6434590 6596736 12315340 15155241 COLUMBIA ACADEMY IS COMMITTED TO SERVING IT'S STUDENTS SO THEY MASTER SKILLS, KNOWLEDGE, AND CHARACTER APPROPRIATE FOR THEM AND THEIR FUTURE WHILE BECOMING CHRIST-LIKE IN ATTITUDE AND BEHAVIOR. 0 0 12620808 1108314 13292938 GRADES PRE-K-12: PROVIDE PRIMARY AND SECONDARY EDUCATION. 12620808 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 25 0 1 246 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANDREW WILLIAMS 9313885363 1101 WEST 7TH STREET COLUMBIA TN 38401 X SETH LASATER DIRECTOR 1.00 X 0 0 0 DAVID MORRIS DIRECTOR 1.00 X 0 0 0 AMY GREENE 1124-53124 SECRETARY 1.00 X X 0 0 0 LANDON LOVEALL DIRECTOR 1.00 X 0 0 0 CASON SHIRLEY DIRECTOR 1.00 X 0 0 0 ALAN THOMASON TREASURER 1.00 X X 0 0 0 JOY MCDONALD DIRECTOR 1.00 X 0 0 0 MACK GARVIN CHAIRMAN 1.00 X X 0 0 0 AUSTIN SIMMONS DIRECTOR 1.00 X 0 0 0 BRIAN COGGINS VICE CHAIRMAN 1.00 X X 0 0 0 MALLORY HAILE DIRECTOR 1.00 X 0 0 0 TIM GARRISON 6123-123123 SECRETARY 1.00 X X 0 0 0 JULIE BOWLING DIRECTOR 1.00 X 0 0 0 MICHELLE SHRADER DIRECTOR 1.00 X 0 0 0 JAMES THOMAS PRESIDENT 40.00 X 143588 0 9976 143588 0 9976 1 0 1 0 0 42000 1363353 1576222 235596 2981575 TUITION AND FEES 611110 12205469 12205469 AUXILLARY REVENUE 611110 929664 929664 ATHLETIC PROGRAM REVENUE 611110 157805 157805 13292938 164277 164277 1864068 1268851 595217 595217 595217 17034007 13292938 0 759494 X 1108314 1108314 7108326 6305722 730521 72083 204774 186809 16087 1878 1003499 883259 120240 502903 444185 53354 5364 6834 6834 63511 63511 32697 32697 68932 68932 180679 180679 2000 2000 190736 189796 940 213566 213391 175 903169 888876 14293 172410 149800 22610 SUPPLIES 530772 510266 17698 2808 MAINTENANCE 495504 478808 16696 FOOD AND KITCHEN SUPPLI 314353 314353 UTILITIES 313599 291591 22008 585541 404027 131943 49571 14002119 12620808 1248667 132644 974867 2627984 92032 48879 38280 7011 7758 28591 122009 24160678 9567785 13834443 14592893 3494060 4076369 159539 113636 202540 81016 18749930 21751977 1376470 1819951 522255 494683 4367082 4197710 168783 84392 6434590 6596736 X 9618385 11834477 2696955 3320764 12315340 15155241 18749930 21751977 X 3031888 -146084 -45903 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3479027 246389 503030 169042 4059404 3463895 245780 -65305 165343 3479027 3765655 158533 -295789 164504 3463895 3134017 64361 723205 155928 3765655 3071579 101943 108268 147773 3134017 0.21390 0.78610 0.00000 0 0 713500 713500 20741173 7795276 12945897 1497368 987180 510188 1208637 785329 423308 14592893 FINANCE LEASE LIABILITY 84392 84392 X 16732425 -146084 3297 -142787 16875212 32697 126098 158795 17034007 13843324 0 13843324 32697 126098 158795 14002119 PART X, LINE 2: PART X, LINE 2: COLUMBIA ACADEMY, INC. AND THE FOUNDATION ARE BOTH EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE AMOUNT OF TAX BENEFIT GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. AS OF MAY 31, 2024, THE ACADEMY HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE ACADEMY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. COLUMBIA ACADEMY, INC. AND THE FOUNDATION EACH FILE A U.S. FEDERAL INFORMATION TAX RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO THE FOUNDATION ON A CONSOLIDATED AFS 3,297. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS NETTED WITH REVENUE 126,098. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS NETTED WITH REVENUE 126,098. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT REGARDING THE ACADEMY'S NON-DISCRIMINATION POLICY IS WRITTEN IN THE STUDENT HANDBOOK AND ON ENROLLMENT/APPLICATION FORMS. IT IS ALSO PUBLISHED IN THE ANNUAL PUBLICATION, "THE COMMUNICATOR". 1 FINANCIAL AID 60 126098 TUITION REMISSION 168 982216 PART I, LINE 2 0 0 0 0 0 0 0 0 0 JAMES THOMAS PRESIDENT 143588 0 0 0 0 0 6000 0 3976 0 153564 0 0 0 X 16 235596 STOCK MARKET 0 0 1 PART I, LINE 32B: OCCASIONALLY THE SCHOOL WILL RECEIVE GIFTS OF PUBLICLY TRADED STOCK. THE SCHOOL'S POLICY IS TO IMMEDIATELY LIQUIDATE STOCK GIFTS. R.W. BAIRD, WHO HANDLES THE SCHOOL'S ENDOWMENT ACCOUNTS, WILL SELL THE STOCK AND DISTRIBUTE THE PROCEEDS TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING AND PROVIDES ANY FEEDBACK TO THE CFO. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT, CFO, AND BUSINESS MANAGER ARE INFORMED OF ALL EMPLOYEMENT HIRING DECISIONS AS WELL AS NEW VENDOR CONTRACTS. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE PRESIDENT. THE PRESIDENT HAS FNIAL AUTHORITY OVER THE COMPENSATION OF ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E MISCELLANEOUS: PROGRAM SERVICE EXPENSES 122,817. MANAGEMENT AND GENERAL EXPENSES 53,426. FUNDRAISING EXPENSES 28,513. TOTAL EXPENSES 204,756. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 98,591. MANAGEMENT AND GENERAL EXPENSES 69,743. FUNDRAISING EXPENSES 14,093. TOTAL EXPENSES 182,427. SPECIAL PROJECTS: PROGRAM SERVICE EXPENSES 64,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,965. TOTAL EXPENSES 71,078. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 45,550. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,550. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 44,596. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,596. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 18,360. MANAGEMENT AND GENERAL EXPENSES 8,774. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,134. RESTRICTED EXPENSE: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. FORM 990, PART XI, LINE 9: UNREALIZED CHANGE IN INTEREST RATE SWAP -45,903. FORM 990 PART XII; LINE 2C EXPLANATION THE BOARD HAS MADE NO CHANGES IN THE OVERSIGHT OR SELECTION PROCESSES FOR THE INDEPENDENT AUDIT DONE FOR THE ORGANIZATION. COLUMBIA ACADEMY FOUNDATION 1101 WEST 7TH STREET COLUMBIA TN 38401 621257380 RECEIVES GRANTS AND GIFTS USED FOR TAX EXEMPT PURPOSES TN 501(C)(3) LINE 7 N/A 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COLUMBIA ACADEMY FOUNDATION C 42000 CASH