2023-03-19T09:09:44-05:00 2022-08-31 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2021-09-01 208995583 CHELSEA ACADEMY INC CHEL 5406350622 1190 PROGRESS DRIVE FRONT ROYAL VA 22630 J DOUGLAS MCCARTHY CHAIRMAN 5406350622 2023-03-16 1 J DOUGLAS MCCARTHY 999009999 CHRIS FRYE CPA P01068721 5406623417 2023-03-16 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X J DOUGLAS MCCARTHY 1190 PROGRESS DRIVE FRONT ROYAL VA 22630 2790864 0 X WWW.CHELSEAACADEMY.ORG X 2007 VA EDUCATION OF MIDDLE SCHOOL, HIGH SCHOOL STUDENTS, AND LOWER SCHOOL STUDENTS. 10 9 39 100 0 0 216676 914854 1208555 1861589 -1100 0 491690 14421 1915821 2790864 0 436341 0 0 1156150 1272062 0 0 62071 355671 529760 1511821 2238163 404000 552701 1179451 1858559 682223 1071643 497228 786916 CHELSEA ACADEMY SEEKS TO FORM CONFIDENT YOUNG MEN AND WOMEN EDUCATED IN THE LIBERAL ARTS TRADITION AND THE CATHOLIC FAITH FROM KINDERGARTEN THROUGH 12TH GRADE. 0 0 2004725 436341 1861589 EDUCATION OF HIGH SCHOOL, MIDDLE SCHOOL, AND LOWER SCHOOL STUDENTS. 2004725 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X LUKE FIER CHIEF FINANCIAL AND BUSI 5406350062 4 FAMILY LIFE LANE FRONT ROYAL VA 22630 ANNA FRESKA DIRECTOR 2.00 X 0 0 0 JAMES KELLY DIRECTOR 2.00 X 0 0 0 PAUL LAGARDE TREASURER 2.00 X X 0 0 0 REV BJORN LUNDBERG DIRECTOR 2.00 X 0 0 0 J DOUGLAS MCCARTHY CHAIRMAN 5.00 X X 0 0 0 MERYLANN J SCHUTTLOFFEL DIRECTOR 2.00 X 0 0 0 DYRIC SNYDER SECRETARY 2.00 X X 0 0 0 JOHN M DEJAK HEAD MASTER 50.00 X X 73917 0 0 PATRICK MCCARTHY DIRECTOR 2.00 X 0 0 0 DR KATHY KILTY DIRECTOR 2.00 X 0 0 0 LUKE FIER CHIEF FINANCIAL & BUSINESS OFFICER 50.00 X 53928 0 0 FELIX HERNANDEZ HEAD MASTER (FORMER) 50.00 X 118013 0 0 245858 0 0 1 1 0 0 0 183465 708564 22825 914854 TUITION AND FEES 611600 1861589 1861589 1861589 OTHER INCOME 900999 14421 14421 14421 2790864 1861589 0 14421 436341 436341 127845 108668 12785 6392 954764 816358 92271 46135 8464 7194 847 423 89499 76075 8949 4475 91490 78096 8929 4465 2517 2517 7667 6517 1150 8687 7384 1303 259389 221944 37445 2676 2676 18494 18494 21402 18192 3210 MISCELLANEOUS 46138 45595 362 181 EVENTS 43204 43204 ATHLETICS 33706 33706 VEHICLE EXPENSES 27773 27748 25 58107 56533 1574 2238163 2004725 171367 62071 876844 357251 143763 463664 13442 46794 494628 171116 298288 323512 4319 510133 1179451 1858559 66590 1005053 682223 682223 1071643 X 497228 784754 2162 497228 786916 1179451 1858559 552701 -263013 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 334679 94197 240482 28313 5087 23226 131636 71832 59804 323512 FACTS SUSPENSE AND CLEARING ACCOUNT 3015 SECURITY DEPOSITS 1790 DUE FROM CHELSEA ACADEMY FOUNDATION, INC. 505328 510133 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 "CHELSEA ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVELEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILBALE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS." IS ON ALL PRINTED MATERIALS. 1 FINANCIAL AID AND TUITION REMISSION 144 436341 FAIR MARKET VALUE N/A PART I, LINE 2: ALL GRANTS ARE USED TO PAY TUITION AT THE ACADEMY. 1 0 0 0 0 0 0 0 0 FELIX HERNANDEZ HEAD MASTER (FORMER) 68013 0 0 0 50000 0 0 0 0 0 118013 0 0 0 PART I, LINE 4A FELIX HERNANDEZ (FORMER HEAD MASTER) RECEIVED A SEVERANCE PAYMENT OF $50,000. FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIP BETWEEN THOMAS AND PAUL LAGARDE FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED IN DECEMBER 2021 TO MAKE THE HEADMASTER ALSO AN EX-OFFICIO BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B 990 RETURN IS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY IS ENFORCED THROUGH VERBAL INTERVIEWS. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYMENT CONTRACTS ARE NEGOTIATED YEARLY WITH INDIVIDUAL EMPLOYEES AND REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. OFFICERS OF THE CORPORATION ARE NOT PAID. FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL INFORMATION ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS REVIEWS AUDITED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS AND ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. CHELSEA ACADEMY FOUNDATION INC 4 FAMILY LIFE LANE FRONT ROYAL VA 22630 822997018 PROVIDE SUPPORT TO CHELSEA ACADEMY, INC. VA 501(C)(3) LINE 12B, II CHELSEA ACADEMY INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHELSEA ACADEMY FOUNDATION INC C 183465 TOTAL CASH CHELSEA ACADEMY FOUNDATION INC S 505328 TOTAL CASH