ASHEVILLE CHRISTIAN ACADEMY INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ASHEVILLE CHRISTIAN ACADEMY INC (EIN 56-0889168)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-04-28
IRS object ID
202201189349300345
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-04-28T11:09:01-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Dixon Hughes Goodman LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 Ridgefield CourtAddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28806ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN560889168EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Asheville Christian AcademyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlASHEBusinessNameControlTxt
Phone8285812200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1089AddressLine1Txt
CitySwannanoaCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28778ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWilliam J PutnamPersonNm
Person TitleChief Financial OfficerPersonTitleTxt
Phone8285812200PhoneNum
Signature2022-04-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWilliamPersonFirstNm
Person LastPutnamPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAmy BibbyPreparerPersonNm
PTINP00445891PTIN
Phone8282542254PhoneNum
Preparation2022-04-27PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWilliam GeorgePrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11037 New Haw Creek RoadAddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28805ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,584,703GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.ashevillechristian.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1967FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionOperation of private schoolActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee194TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$649,394PYContributionsGrantsAmt
CY Contributions Grants$3,674,177CYContributionsGrantsAmt
PY Program Service Revenue$8,546,649PYProgramServiceRevenueAmt
CY Program Service Revenue$7,640,500CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$165,779PYOtherRevenueAmt
CY Other Revenue$253,147CYOtherRevenueAmt
PY Total Revenue$9,361,822PYTotalRevenueAmt
CY Total Revenue$11,567,824CYTotalRevenueAmt
PY Grants And Similar Paid$912,033PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,023,735CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,480,160PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,878,433CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$201,978CYTotalFundraisingExpenseAmt
PY Other Expenses$3,257,813PYOtherExpensesAmt
CY Other Expenses$3,044,339CYOtherExpensesAmt
PY Total Expenses$9,650,006PYTotalExpensesAmt
CY Total Expenses$9,946,507CYTotalExpensesAmt
PY Revenues Less Expenses-$288,184PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,621,317CYRevenuesLessExpensesAmt
Total Assets BOY$19,370,110TotalAssetsBOYAmt
Total Assets EOY$26,373,626TotalAssetsEOYAmt
Total Liabilities BOY$4,319,516TotalLiabilitiesBOYAmt
Total Liabilities EOY$9,661,508TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,050,594NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$16,712,118NetAssetsOrFundBalancesEOYAmt
MissionSeeking to serve Jesus Christ and uphold His Pre-eminence, Asheville Christian Academy, in committed partnership with Christian parents, provides a Gospel-centered education to shepherd and inspire Christ-oriented lives within a community of grace.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,175,962ExpenseAmt
Grant$1,023,735GrantAmt
Revenue$7,640,500RevenueAmt
DescProvide instruction and educational activities for students from preschool to 12th grade.Desc
Total Program Service Expenses$6,175,962TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee194EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1William GeorgeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8285812200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line174 Riverwood RoadAddressLine1Txt
CitySwannanoaCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28778ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Matthew Putnam
Board Chairperson5.00Yes (X)Yes (X)$0$0$0
Julie Wallace
Vice Chair5.00Yes (X)Yes (X)$0$0$0
Nathan Renfro
Treasurer5.00Yes (X)Yes (X)$0$0$0
Ken Condra
Secretary5.00Yes (X)Yes (X)$0$0$0
Tracy Gualano
Board Member5.00Yes (X)$0$0$0
Alex Miller
Board Member5.00Yes (X)$0$0$0
Daren Pinkerton
Board Member5.00Yes (X)$0$0$0
Courtney Parks
Board Member5.00Yes (X)$0$0$0
Fei-Wen St Onge
Board Member5.00Yes (X)$0$0$0
Joshua Bradshaw
Board Member5.00Yes (X)$0$0$0
Mike Ciochina
Board Member5.00Yes (X)$0$0$0
William George
CEO/Head of School40.00Yes (X)Yes (X)$165,220$0$15,600
William Putnam
CFO40.00Yes (X)$69,820$0$41,130
FieldValueIRS element (for citing)
Total Reportable Comp From Org$235,040TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$56,730TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Redefine Facility CleaningBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11125 Sweeten Creek Suite 20AddressLine1Txt
CityAshevilleCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28805ZIPCd
FieldValueIRS element (for citing)
ServicesCleaningServicesDesc
Compensation$139,745CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Fundraising$23,500FundraisingAmt
Government Grants$983,735GovernmentGrantsAmt
All Other Contributions$2,666,942AllOtherContributionsAmt
Noncash Contributions$18,029NoncashContributionsAmt
Total Contributions$3,674,177TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and fees611110$7,580,660$7,580,660
Extended care income623990$21,500$21,500
Bus ticket sales480000$20,794$20,794
Food service722514$17,546$17,546
FieldValueIRS element (for citing)
Total Program Service Revenue$7,640,500TotalProgramServiceRevenueAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$23,596RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$23,596RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,596TotalRevenueColumnAmt
Exclusion$23,596ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$30,389FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$23,500ContriRptFundraisingEventAmt
Fundraising Direct Expenses$16,879FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,510TotalRevenueColumnAmt
Exclusion$13,510ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
Miscellaneous900099$201,926$201,926
PV discount of long-term pledges900099$14,115$14,115
FieldValueIRS element (for citing)
Other Revenue Total$216,041OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,567,824TotalRevenueColumnAmt
Related Or Exempt Func Income$7,640,500RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$253,147ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,023,735TotalAmt
Program Services$1,023,735ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$235,040TotalAmt
Program Services$75,469ProgramServicesAmt
Management And General$91,085ManagementAndGeneralAmt
Fundraising$68,486FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,112,144TotalAmt
Program Services$3,114,018ProgramServicesAmt
Management And General$998,126ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$216,344TotalAmt
Program Services$165,891ProgramServicesAmt
Management And General$50,453ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$991,719TotalAmt
Program Services$970,091ProgramServicesAmt
Management And General$21,628ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$323,186TotalAmt
Program Services$56,532ProgramServicesAmt
Management And General$266,654ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,843TotalAmt
Management And General$46,843ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$40,385TotalAmt
Management And General$40,385ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$65,809TotalAmt
Management And General$724ManagementAndGeneralAmt
Fundraising$65,085FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$275,782TotalAmt
Program Services$198,564ProgramServicesAmt
Management And General$73,023ManagementAndGeneralAmt
Fundraising$4,195FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$35,368TotalAmt
Management And General$35,368ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$767,510TotalAmt
Program Services$122,271ProgramServicesAmt
Management And General$643,707ManagementAndGeneralAmt
Fundraising$1,532FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$81,667TotalAmt
Management And General$81,667ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$797,591TotalAmt
Management And General$797,591ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$78,412TotalAmt
Management And General$78,412ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
Bad Debt Expense$284,606$284,606
Other$117,535$58,295$58,445$795
Food$104,874$104,874
Fine arts supply$73,449$73,449

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$274,508TotalAmt
Program Services$212,623ProgramServicesAmt
Fundraising$61,885FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,946,507TotalAmt
Program Services$6,175,962ProgramServicesAmt
Management And General$3,568,567ManagementAndGeneralAmt
Fundraising$201,978FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$596,715BOYAmt
EOY$1,616,599EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$245,874BOYAmt
EOY$246,641EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,238,945BOYAmt
EOY$1,250,702EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$280,404BOYAmt
EOY$5,699,637EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$25,800,372LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,563,572LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$16,717,412BOYAmt
EOY$17,236,800EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$290,760BOYAmt
EOY$323,247EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$19,370,110BOYAmt
EOY$26,373,626EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$444,683BOYAmt
EOY$546,017EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$560,487BOYAmt
EOY$6,179,043EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,527,237BOYAmt
EOY$2,241,079EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$787,109BOYAmt
EOY$695,369EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,319,516BOYAmt
EOY$9,661,508EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,365,731BOYAmt
EOY$15,062,912EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,684,863BOYAmt
EOY$1,649,206EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,050,594BOYAmt
EOY$16,712,118EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$19,370,110BOYAmt
EOY$26,373,626EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,621,317ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$40,207NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$287,417BeginningYearBalanceAmt
Contributions$2,725ContributionsAmt
Investment Earnings Or Losses$30,930InvestmentEarningsOrLossesAmt
Administrative Expenses$3,027AdministrativeExpensesAmt
End Year Balance$318,045EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$281,276BeginningYearBalanceAmt
Contributions$5,022ContributionsAmt
Investment Earnings Or Losses$3,988InvestmentEarningsOrLossesAmt
Administrative Expenses$2,869AdministrativeExpensesAmt
End Year Balance$287,417EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$263,658BeginningYearBalanceAmt
Contributions$10,595ContributionsAmt
Investment Earnings Or Losses$9,745InvestmentEarningsOrLossesAmt
Administrative Expenses$2,722AdministrativeExpensesAmt
End Year Balance$281,276EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$582,259BeginningYearBalanceAmt
Contributions$1,737,872ContributionsAmt
Investment Earnings Or Losses$8,140InvestmentEarningsOrLossesAmt
Other Expenditures$113,237OtherExpendituresAmt
End Year Balance$2,215,034EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$825,930BeginningYearBalanceAmt
Contributions$356,772ContributionsAmt
Investment Earnings Or Losses$12,636InvestmentEarningsOrLossesAmt
Other Expenditures$613,079OtherExpendituresAmt
End Year Balance$582,259EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,682,401OtherCostOrOtherBasisAmt
Book Value$1,682,401BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,634,367OtherCostOrOtherBasisAmt
Depreciation$7,747,654DepreciationAmt
Book Value$11,886,713BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,067,726OtherCostOrOtherBasisAmt
Depreciation$815,918DepreciationAmt
Book Value$1,251,808BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,415,878OtherCostOrOtherBasisAmt
Book Value$2,415,878BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$17,236,800TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Line of credit$451,166
Custodial accounts$244,203
FieldValueIRS element (for citing)
Total Liability$695,369TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$10,584,296TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$40,207NetUnrealizedGainsInvstAmt
Revenue Not Reported$40,207RevenueNotReportedAmt
Revenue Subtotal$10,544,089RevenueSubtotalAmt
Other Revenues Not Included$1,023,735OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,023,735RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$11,567,824TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,922,772TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$8,922,772ExpensesSubtotalAmt
Other Expenses Not Included$1,023,735OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,023,735ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,946,507TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:ENDOWMENT FUNDS ARE HELD TO PROVIDE SCHOLARSHIPS TO STUDENTS OF THE ORGANIZATION. For fiscal year 2019 the beginning endowment fund balance has an adjustment of $1,951,376 in comparison with the prior year ending balance. In previous filings the organization has included funds designated for capital improvements under its endowment disclosure. An adjustment was made in the current year to only reflect designated endowment funds.
Part X, Line 2:The Academy is established as a not-for-profit entity and has been recognized as an organization exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. FASB ASC 740, "Accounting for Uncertainty in Income Taxes" clarified the accounting for the recognition and measurement of uncertainties in income taxes recognized in an entity's financial statements and prescribes a threshold of more likely-than-not for recognition of tax positions taken or expected to be taken in a tax return. The Academy's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the Internal Revenue Code and Regulations, Revenue Rulings, court decisions and other evidence. The Academy's income tax returns are subject to examination by taxing authorities for a period of three years from the date they are filed. As of June 30, 2021, the fiscal years ending in June 30, 2017, 2018, 2019 and 2020 are subject to examination.
Part XI, Line 4b - Other Adjustments:Student aid 1,023,735.
Part XII, Line 4b - Other Adjustments:Student aid 1,023,735.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule E, Part I, Line 3FormAndLineReferenceDesc
ExplanationNewspaper advertisements and brochure list nondiscrimination policyExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeStudent aids/grantsGrantTypeTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonWilliam GeorgePersonNm
TitleCEO/Head of SchoolTitleTxt
Base Compensation Filing Org$165,220BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$15,600DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$180,820TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6Classes of Members or Stockholders Current parents, staff, grandparents and great-grandparents as well as alumni, alumni parents, former staff and former board members are eligible for corporation membership. The Corporation as a body elects the Board of Directors and votes on major school decisions.
Form 990, Part VI, Section A, line 7aElection of Members and Their Rights The Corporation as a body elects the Board of Directors and votes on major school decisions.
Form 990, Part VI, Section A, line 7bDecisions Subject to Approval of Members The Corporation as a body elects the Board of Directors and votes on major school decisions.
Form 990, Part VI, Section B, line 11bOrganization's Process to Review Form 990 A copy of the 990 return is provided to the Board for review.
Form 990, Part VI, Section B, line 12cAny conflicts of interests are presendted at board meetings and is covered under board policy 4.5.3.B. which states: When the Board is to decide upon an issue about which a member has a conflict of interest, that member shall disclose the conflict to the Board and absent herself or himself without comment from not only the vote but also from the deliberation.
Form 990, Part VI, Section B, line 15Compensation Management is covered in policy 2.6 and states: The Head of School will not cause or allow jeopardy to the organization's fiscal integrity or public image when dealing with employment, compensation and benefits for employees, consultants or contractors. The Head of School will not: 1. Change his own compensation. 2 Change his own benefits, except as consistent with a package for all other employees. 3. Promise or imply anything other than "at-will" employment. 4. Establish current compensation and benefits that deviate materially from the geographic and/or professional market value for the skills employed. 5. Pertaining to consultants and contract vendors, create obligations over a longer term than revenues can be safely projected, in no event longer than one year. 6. Establish or change retirement benefits so as to cause situations that are unpredictable for the organization, or inequitable for employees.
Form 990, Part VI, Section C, line 19Governing Documents Disclosure Explanation All governing documents are available upon request
Form 990 Part XII LN 2cThe process has not changed.

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