2022-02-10T11:22:00-06:00 2021-05-31 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2020-06-01 620488045 COLUMBIA ACADEMY COLU 9313885363 1101 WEST 7TH STREET COLUMBIA TN 38401 ANDREW WILLIAMS CFO 9313885363 2022-02-10 1 ANDREW WILLIAMS 999009999 JULIE DUNKIN P00742923 6153774600 2022-02-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR JAMES THOMAS 1101 WEST 7TH STREET COLUMBIA TN 38401 12852894 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 14 230 75 0 0 716912 2091716 8088133 9439955 93541 432470 0 0 8898586 11964141 129125 103049 0 0 5822865 6552105 0 0 75589 2843530 3785095 8795520 10440249 103066 1523892 16089993 16123971 8870288 6923529 7219705 9200442 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 9366281 103049 9439955 GRADES PRE-K-12: PROVIDE PRIMARY AND SECONDARY EDUCATION. 9366281 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 28 0 1 230 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 VICKIE COFER DIRECTOR 1.00 X 0 0 0 BETH FOSTER VICE CHAIR 1.00 X X 0 0 0 TIM GARRISON SECRETARY 1.00 X X 0 0 0 SETH LASATER CHAIRMAN 1.00 X X 0 0 0 ADRIENNE LAW DIRECTOR 1.00 X 0 0 0 JACOB LOVE TREASURER 1.00 X X 0 0 0 DAVID MORRIS DIRECTOR 1.00 X 0 0 0 AMY GREENE DIRECTOR 1.00 X 0 0 0 LANDON LOVEALL DIRECTOR 1.00 X 0 0 0 CASON SHIRLEY DIRECTOR 1.00 X 0 0 0 ALAN THOMASON DIRECTOR 1.00 X 0 0 0 JOY MCDONALD DIRECTOR 1.00 X 0 0 0 MACK GARVIN DIRECTOR 1.00 X 0 0 0 AUSTIN SIMMONS DIRECTOR 1.00 X 0 0 0 JAMES THOMAS PRESIDENT 40.00 X 133330 0 0 133330 0 0 1 0 0 0 0 1403608 688108 158930 2091716 TUITION AND FEES 611110 8781190 8781190 AUXILLARY REVENUE 611110 576148 576148 ATHLETIC PROGRAM REVENUE 611110 82617 82617 9439955 101150 101150 1219873 200 888753 0 331120 200 331320 331320 11964141 9439955 0 432470 X 103049 103049 5330405 4749551 574454 6400 131234 120134 11100 708764 656688 52076 381702 324377 56836 489 11110 11110 34643 34643 28872 28872 2571 2571 47721 47721 145331 145331 11550 11550 154114 154114 281654 251473 30181 688144 677254 10890 92364 73762 18602 TUITION REMISSION 729509 729509 SUPPLIES 373975 353028 17389 3558 UTILITIES 304811 282013 22798 FOOD AND KITCHEN SUPPLI 228986 228986 649740 457741 126857 65142 10440249 9366281 998379 75589 1936812 1239069 0 272008 45649 152572 12253 8762 85860 11917 18468874 7800050 10847430 10668824 3161989 3770819 16089993 16123971 1014604 1430280 221693 487726 7158281 4682125 475710 323398 8870288 6923529 X 4911026 6218276 2308679 2982166 7219705 9200442 16089993 16123971 X 1523892 319805 -15072 152112 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3134017 64361 723205 155928 3765655 3071579 101943 108268 147773 3134017 2390667 55642 2446309 2352888 37779 2390667 2300551 52337 2352888 0.27650 0.63030 0.09320 0 0 1329802 1329802 15269430 6369692 8899738 1296227 996922 299305 573415 433436 139979 10668824 INTEREST RATE SWAP 323398 323398 X 12114974 319805 2 319807 11795167 28872 140102 168974 11964141 10119163 0 10119163 28872 292214 321086 10440249 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, 2021, 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 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE GAIN ON SALE OF ASSET 200 GRANTS TO INDIVIDUALS NETTED WITH REVENUE 103,409 NEGATIVE BAD DEBT EXPENSE RECLASSED TO REVENUE 36,853 TOTAL TO SCHEDULE D, PART IX, LINE 4B 140,102 PART XII, LINE 2B- OTHER ADJUSTMENTS: UNREALIZED CHANGE IN INTEREST RATE SWAP 152,312 PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 2. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS NETTED WITH REVENUE 103,049. BOOK/TAX DIFFERENCE GAIN ON SALE OF ASSET 200. NEGATIVE BAD DEBT EXPENSE RECLASSED TO REVENUE 36,853. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED CHANGE IN INTEREST RATE SWAP 152,312. GRANTS TO INDIVIDUALS NETTED WITH REVENUE 103,049. NEGATIVE BAD DEBT EXPENSE RECLASSED TO REVENUE 36,853. 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 59 103049 OTHER CREDIT TO RECIPIENTS TUITION BILL PART I, LINE 2 APPLICANTS COMPLETE AN ONLINE APPLICATION WITH TUITION AID DATA SERVICES (TADS). TADS ASSISTS THE SCHOOL IN SUMMARIZING AND ANALYZING THE INFORMTION. THE FINANCIAL AID COMMITTEE AT COLUMBIA ACADEMY USES THIS INFORMATION TO DETERMINE AWARDS. ALL AWARDS ARE APPLIED AS TUITION CREDITS AND CANNOT BE REFUNDED; HENCE, THERE IS NO EXCHANGE OF FUNDS. X 14 158930 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 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,571. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,571. FORM 990, PART IX, LINE 24E MAINTENANCE: PROGRAM SERVICE EXPENSES 217,265. MANAGEMENT AND GENERAL EXPENSES 7,398. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 224,663. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 58,073. MANAGEMENT AND GENERAL EXPENSES 62,099. FUNDRAISING EXPENSES 51,059. TOTAL EXPENSES 171,231. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 28,568. MANAGEMENT AND GENERAL EXPENSES 48,092. FUNDRAISING EXPENSES 9,915. TOTAL EXPENSES 86,575. RESTRICTED EXPENSE: PROGRAM SERVICE EXPENSES 47,898. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,898. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 36,702. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,702. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 29,366. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,366. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 18,029. MANAGEMENT AND GENERAL EXPENSES 9,268. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,297. SPECIAL PROJECTS: PROGRAM SERVICE EXPENSES 21,840. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 4,168. TOTAL EXPENSES 26,008. FORM 990, PART XI, LINE 9: UNREALIZED CHANGE IN INTEREST RATE SWAP 152,312. BOOK/TAX GAIN DIFFERENCE ON SALE OF FIXED ASSET -200. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0