2023-04-21T10:05:44-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2021-07-01 541371815 THE J127 EDUCATION FOUNDATION J127 7038540619 9657 BLAKE LANE FAIRFAX VA 22031 CHRISTIN SOLY EXECUTIVE DIRECTOR 7038540619 2023-04-20 1 CHRISTIN SOLY 999009999 AMANDA ADAMS P00748038 8046735700 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTIN SOLY 9657 BLAKE LANE FAIRFAX VA 22031 19690690 0 X WWW.MERRITTACADEMY.ORG, WWW.FIRSTSTEPSTYSONS.COM X 1986 VA SEE SCHEDULE O 4 2 413 4 0 0 2157780 4066053 11980353 14484213 342167 858372 97428 228166 14577728 19636804 371229 441275 0 0 8991515 10849381 0 0 2957 3315474 3825228 12678218 15115884 1899510 4520920 24052586 22852049 10314775 8483869 13737811 14368180 X SEE SCHEDULE O 0 0 13114891 441275 14484213 ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 597 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 13114891 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 28 0 1 413 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 1 1 1 0 0 0 0 1 1 1 1 1 0 1 0 VA X STEPHEN ROBERSON 7032738000 9211 ARLINGTON BOULEVARD FAIRFAX VA 22031 TERESA MERRITT CHAIRMAN 2.00 1.00 X X 0 0 0 PAUL KLAASSEN VICE CHAIRMAN 1.00 2.00 X X 0 0 0 CAROL EDELSTEIN DIRECTOR 1.00 0.00 X 0 0 0 AMY FEATHER DIRECTOR 1.00 0.50 X 0 0 0 CHRISTIN SOLY SECRETARY/MERRITT E.D. 30.00 10.00 X 161108 0 1288 STEPHEN ROBERSON DIRECTOR OF FINANCE 35.00 5.00 X 95696 0 21777 PETER SMITH DIRECTOR OF FACILITIES 40.00 0.00 X 148288 0 8886 ALFONS OSTROVEANU DIRECTOR OF IT 40.00 0.00 X 103515 0 10972 LINDA POTTS SCHOOL PRINCIPAL 40.00 0.00 X 109232 0 15179 SANDY BRISCOE SENIOR ACCOUNTANT 40.00 0.00 X 103886 0 18270 KATHLENA MOMM DIRECTOR 40.00 0.00 X 108018 0 9864 829743 0 86236 6 0 1 0 0 4064178 1875 4066053 TUITION 611110 14020278 14020278 OTHER SCHOOL RELATED INCOME 611110 463935 463935 14484213 912258 912258 93559 0 93559 93559 93559 53886 -53886 -53886 -53886 7799 0 7799 7799 INSURANCE CLAIM PROCEEDS 900099 122557 122557 4251 4251 126808 19636804 14484213 0 1086538 441275 441275 322613 48392 274221 8441238 7456975 984263 47084 33995 13089 1492880 1214857 278023 545566 545566 18303 18303 37514 37514 149259 149259 82255 82255 74799 71340 3459 43115 43115 246727 224460 22267 37572 34584 2988 1482412 1409056 73356 63905 63838 67 59842 56850 2992 561553 533475 28078 258840 245938 12902 FOOD SERVICES 506764 506764 SCHOOL OPERATIONS 173631 173631 AFTER SCHOOL ACTIVITIES 10780 10780 17957 15000 2957 15115884 13114891 1998036 2957 3804954 3477675 447981 1404902 37555 60240 59261 208336 15521359 8543611 7339648 6977748 12333617 10693578 29570 29570 24052586 22852049 1042466 860835 1791469 2294918 1937555 5543285 5328116 10314775 8483869 X 13736311 14366680 1500 1500 13737811 14368180 24052586 22852049 4520920 -3890551 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5308146 1635151 3672995 8746990 5671565 3075425 969420 822771 146649 496803 414124 82679 6977748 INVESTMENTS WITH J127 FOUNDATION 10693578 F 10693578 DEFERRED RENT INCENTIVE 188807 DUE TO J127 FOUNDATION 5094986 CAPITAL LEASE OBLIGATIONS 44323 5328116 X 15222723 -3890551 -3890551 19113274 82255 441275 523530 19636804 14592354 0 14592354 82255 441275 523530 15115884 PART X, LINE 2: THE EDUCATION FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE EDUCATION FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2022. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE EDUCATION FOUNDATION HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2022 AND 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 441,275. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 441,275. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FOUNDATION'S WEBSITE INCLUDES A STATEMENT ABOUT OUR NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 DURING 2022, THE EDUCATION FOUNDATION RECEIVED REVENUE FROM PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS AND EMPLOYEE TAX RETENTION CREDITS. 1 FINANCIAL AID TO STUDENT FAMILIES 19 441275 BOOK TUITION REDUCTION PART I, LINE 2: FINANCIAL AID AWARDED TO STUDENT FAMILIES IS MADE BASED UPON NEED AND APPLICATION, AND IS USED ONLY FOR TUITION. FINANCIAL AID MONEY IS CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS. X X 0 0 0 0 0 0 0 0 0 CHRISTIN SOLY SECRETARY/MERRITT E.D. 156358 0 0 0 4750 0 1288 0 0 0 162396 0 0 0 PETER SMITH DIRECTOR OF FACILITIES 138634 0 0 0 9654 0 2581 0 6305 0 157174 0 0 0 CHRISTIN SOLY MS. SOLY IS A FAMILY MEMBER OF THE OFFICERS 180528 COMPENSATION PAID TO MS. SOLY AS AN EMPLOYEE OF THE FOUNDATION. 0 APPLETREE OF FAIRFAX INC OFFICERS AND DIRECTORS MR. KLAASSEN AND MS. MERRITT ARE OWNERS OF APPLETREE 162756 THE FOUNDATION LEASES PROPERTY FROM APPLETREE OF FAIRFAX INC. 0 PAUL KLAASEN AND TERESA MERRITT MR. KLAASSEN AND MS. MERRITT ARE OFFICERS AND DIRECTORS OF THE FOUNDATION 232688 THE FOUNDATION LEASES PROPERTY OWNED BY MR. KLAASSEN & MS. MERRITT 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 640 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. FORM 990, PART III, LINE 1 THE J127 EDUCATION FOUNDATION D/B/A MERRITT ACADEMY, D/B/A THE APPLETREE SCHOOL, AND D/B/A FIRST STEPS ACADEMY (THE "EDUCATION FOUNDATION") WAS FORMED FOR THE PURPOSE OF OPERATING PRIVATE SCHOOLS AND A CHILD CARE CENTER ("MERRITT ACADEMY," "THE APPLETREE SCHOOL, AND "FIRST STEPS ACADEMY") TO SERVE THE NEEDS OF CHILDREN FROM ALL ECONOMIC BACKGROUNDS. THE EDUCATION FOUNDATION'S MAJOR SOURCES OF REVENUE ARE TUITION, REGISTRATION FEES, AND OTHER ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 2 PAUL KLAASEN AND TERESA MERRITT ARE HUSBAND AND WIFE. CHRISTIN SOLY IS THEIR DAUGHTER. FORM 990, PART VI, SECTION A, LINE 7A THE J127 FOUNDATION IS THE SOLE MEMBER AND HAS THE RIGHT TO APPOINT THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER, J127 FOUNDATION, HAS THE POWER TO APPOINT AND REMOVE THE SCHOOL'S HEADMASTER, TO APPROVE ANY BORROWINGS BY THE EDUCATION FOUNDATION, TO ELECT AND REMOVE THE DIRECTORS OF THE EDUCATON FOUNDATION, AND TO APPROVE THE ADOPTION OF AND ANY ADMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AND THEREFORE THERE ARE NO MEETINGS TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING DIRECTOR REVIEWS THE FORM 990 AND THEN SUBMITS IT TO THE CHAIRMAN OF THE BOARD OR SECRETARY OF THE BOARD FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS COMPLETED A DISCLOSURE STATEMENT AND WILL DO SO ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT, THAT PERSON WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD PERFORMS A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THIS PROCESS INCLUDES A REVIEW OF COMPARABILITY DATA. COMPARABILITY DATA CAN INCLUDE COMPENSATION SURVEYS, AND WRITTEN EMPLOYMENT CONTRACTS. THE BOARD RETAINS DOCUMENTATION OF THE DELIBERATION AND FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE J127 FOUNDATION 9657 BLAKE LANE FAIRFAX VA 22031 450523312 SUPPORTING ORGANIZATION TO J127 EDUCATION FOUNDATION VA 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 1 0 1 1 0 THE J127 FOUNDATION E 5094986 FMV