2022-01-28T13:55:38-06:00 2021-06-30 314419361 JOHN GERLACH & COMPANY LLP 37 W BROAD ST STE 800 COLUMBUS OH 43215 990 2020-07-01 314379445 THE COLUMBUS ACADEMY COLU 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 2021-11-22 MARGARET KOERNER XXX-XX-XXXX JON YERIAN CPA P00575540 6142242164 2022-01-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MELISSA SODERBERG 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 62191176 0 X WWW.COLUMBUSACADEMY.ORG X 1911 OH SEE SCHEDULE O 23 22 376 856 774 0 4696493 5039269 30571887 30824029 2090548 2910729 202084 310422 37561012 39084449 3432750 5695795 0 0 22441607 22704696 0 0 661070 10703649 11560080 36578006 39960571 983006 -876122 98144040 107517374 25833546 26394597 72310494 81122777 X SEE SCHEDULE O 0 0 32924697 5695795 30848941 COLLEGE PREPARATORY INSTRUCTION OF STUDENTS FROM 3 YEARS OLD THROUGH 12TH GRADE. TOTAL ENROLLMENT IS 1,162, OF WHICH 154 ARE MINORITIES. 297 STUDENTS RECEIVED TUITION ASSISTANCE BASED ON NEED AND 1,134 RECEIVED DISCOUNTS DUE TO COVID. 0 0 0 SUMMER SCHOOL AND DAY CAMP PROGRAMS (JUNE, JULY & AUGUST) WERE SUSPENDED FOR THE YEAR, DUE TO THE PANDEMIC. NORMALLY, OVER 1,800 ATTEND COURSES WHICH INCLUDE KEYBOARDING, ART FROM ALL ANGLES, STUDY SKILLS, AND ROBOTICS. 32924697 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 76 0 1 376 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL MD MA NH OH WA CO X X MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 432300745 MR JONATHAN KASS PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MS SANDY DOYLE-AHERN VICE PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MS SUSAN S WILLIAMS PHD SECRETARY/TRUSTEE 10.00 X X 0 0 0 MS CHRISTINE FREYTAG TREASURER/TRUSTEE 10.00 X X 0 0 0 MR VICTOR THORNE IMMEDIATE PAST PRESIDENT 6.00 X 0 0 0 DR RITA AGRAWAL TRUSTEE 6.00 X 0 0 0 MR KEVIN BARNEY TRUSTEE 6.00 X 0 0 0 MS TANISHA LYON BROWN TRUSTEE 6.00 X 0 0 0 MS BETH FISHER TRUSTEE 6.00 X 0 0 0 DR RONDA GAISER TRUSTEE 6.00 X 0 0 0 MR MATTHEW HARRIS TRUSTEE 6.00 X 0 0 0 MR CHING-CHU HU TRUSTEE 6.00 X 0 0 0 MR J KLAY HUDDLESTON TRUSTEE 6.00 X 0 0 0 MS KAREN JENNINGS TRUSTEE 6.00 X 0 0 0 MS TRACIE KLINEFELTER PACA REPRESENTATIVE (NON-VOTING) 6.00 X 0 0 0 MR KEVIN MALHAME TRUSTEE 6.00 X 0 0 0 MS JESSICA CHI NIMJEE TRUSTEE 6.00 X 0 0 0 MR NILES OVERLY TRUSTEE 6.00 X 0 0 0 MR BILL PORTER TRUSTEE 6.00 X 0 0 0 MS JENNIFER SALOPEK TRUSTEE 6.00 X 0 0 0 MR GEORGE SKESTOS TRUSTEE 6.00 X 0 0 0 MR CRAIG TANN ALUMNI BOARD PRESIDENT (NON-VOTING) 6.00 X 0 0 0 DR PANKAJ TIWARI TRUSTEE 6.00 X 0 0 0 MR MATTHEW ZEIGER TRUSTEE 6.00 X 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 40.00 X 213150 0 43055 MS MELISSA SODERBERG HEAD OF SCHOOL 40.00 X 461306 0 55411 MR ERICH HUNKER ASST HEAD OF SCHOOL FOR DEVELOPMENT/EXT RELATIONS 40.00 X 193850 0 39522 MR MARK HANSEN LOWER SCHOOL HEAD 40.00 X 166500 0 45928 MR DOUG BENNETT FACILITIES DIRECTOR 40.00 X 157250 0 29694 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 40.00 X 154690 0 61157 MR JOHN WUORINEN DIRECTOR OF ADMISSIONS & TUITION ASSISTANCE 40.00 X 150250 0 35311 1496996 0 310078 20 0 1 0 CONTINENTAL BUILDING SYSTEMS 150 E BROAD ST COLUMBUS OH 43215 CONSTRUCTION 2492354 SAGE DINING SERVICES 1402 YORK RD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 884903 OHIO CUSTODIAL MANAGEMENT PO BOX 78000 DETROIT MI 482781940 HOUSEKEEPING 466062 OHIO EQUITIES MANAGEMENT 605 SOUTH FRONT STREET STE 200 COLUMBUS OH 43215 MAINTENANCE SERVICES 408506 COGNITIVE MARKETING 1130 HIGHLAND AVE ROCHESTER NY 14620 WEB DESIGN/MAINTENANCE 371736 10 15500 2055607 2968162 244995 5039269 TUITION & FEES 611600 30727195 30727195 CARE AFTER SCHOOL, TUTORING & SPR 611600 96834 96834 30824029 1465952 244 1465708 84 84 42195 0 42195 42195 42195 24466317 14648 22992386 43802 1473931 -29154 1444777 -21 1444798 12600 15500 11356 1244 1244 52095 59183 -7088 -7088 WORKERS' COMP GRANTS 900099 171016 171016 REIMBURSEMENTS 900099 70000 70000 FORFEITED ENROLLMENT DEPOSITS 611600 32000 32000 971 551 420 273987 39084449 30848941 774 3195465 5695795 5695795 686081 686081 15918556 12491052 3068888 358616 1069885 852090 190749 27046 3794913 3448376 311712 34825 1235261 937811 272735 24715 64500 64500 459096 459096 62825 62825 381808 182251 152776 46781 247947 12566 235381 1703389 1444245 169497 89647 598722 580241 18481 1967652 1967652 155736 133862 16568 5306 327443 318154 9289 433078 433078 2908923 2338774 511971 58178 52009 52009 UNRELATED BUSINESS INCO 3854 3854 CONTRACTED SERVICES 1508198 1508198 SCHOOL EQUIPMENT R&M 437128 437128 MISCELLANEOUS EXPENSES 123951 10410 113541 123821 16505 91360 15956 39960571 32924697 6374804 661070 2098108 2451767 2936310 6190844 3499159 2087802 168598 704396 150000 100000 833288 1145077 79899677 35638137 46218103 44261540 39448744 47224625 2791730 3351323 98144040 107517374 4479181 5243661 2633683 4243305 17351607 15973914 1369075 933717 25833546 26394597 X 34657758 36789077 37652736 44333700 72310494 81122777 98144040 107517374 X -876122 9331379 357026 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41435105 317695 12195899 1515512 1009669 62825 51360693 43427088 507660 -486248 1199478 755530 58387 41435105 43293838 174759 1961634 1154500 790646 57997 43427088 41722502 116630 3373080 1108564 752557 57253 43293838 38162516 262688 5233155 1059300 822188 54369 41722502 0.17979 0.50174 0.31847 0 0 2155551 2155551 69558257 30054802 39503455 8172066 5583335 2588731 13803 13803 44261540 CUSTODIAN DEPOSITS 85050 INTEREST RATE SWAP 830443 OBLIGATION UNDER CAPITAL LEASE 18224 933717 X 40711131 9331379 70466 9401845 31309286 62825 7712338 7775163 39084449 32336112 100839 100839 32235273 62825 7662473 7725298 39960571 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR FACULTY AND STAFF SALARIES, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, ATHLETICS, STUDENT NEWSPAPER, AND COMMENCEMENT AWARDS. PART X, LINE 2: THE ACADEMY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 59,183. RECOVERY OF PRIOR YEAR UNCOLLECTIBLE RECEIVABLES 11,283. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT TUITION ASSISTANCE, REPORTED ON PART IX, LINE 2 3,817,188. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 1,966,679. STUDENT DISCOUNTS FOR COVID, REPORTED ON PART IX, LINE 2 1,878,606. PASS-THROUGH INCOME ADJUSTMENT FOR TAX RETURN 49,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 59,183. LOSS ON UNCOLLECTIBLE PLEDGES 41,656. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT TUITION ASSISTANCE, REPORTED ON PART IX, LINE 2 3,817,188. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 1,966,679. STUDENT DISCOUNTS FOR COVID, REPORTED ON PART IX, LINE 2 1,878,606. PART VI, LINE 1E, COLUMN (B) - OTHER: THE AMOUNT LISTED REPRESENTS ASSETS HELD AS CONSTRUCTION IN PROCESS AT THE END OF THE YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT AFFIRMING ITS NONDISCRIMINATORY POLICY WAS PLACED IN ALL ADVERTISEMENTS, BROCHURES, NEWSPAPER ARTICLES, AND OTHER TYPES OF MEDIA MENTIONING THE SCHOOL. SCHEDULE E, PART I, LINE 6 THE COLUMBUS ACADEMY RECEIVES REIMBURSEMENT FROM THE STATE OF OHIO FOR EXPENSES INCURRED BY THE SCHOOL'S EMPLOYEES IN THE COMPLETION OF CLERICAL AND ADMINISTRATIVE DUTIES REQUIRED BY FEDERAL, STATE OR LOCAL LAWS. IN ADDITION, THE SCHOOL RECEIVES COST REIMBURSEMENT AND SUPPORT FOR TEXTBOOKS, HEALTH AND DIAGNOSTIC SERVICES, AND GUIDANCE AND COUNSELING. GOLF OUTING 28100 15500 12600 75 2495 8010 776 28100 15500 12600 75 2495 8010 776 11356 1244 1 TUITION ASSISTANCE 297 3817188 0 N/A N/A COVID TUITION DISCOUNT 1134 1878606 0 N/A N PART III: COLUMBUS ACADEMY SELECTS INDIVIDUALS USING NEED-BASED CRITERIA. THE POTENTIAL RECIPIENT'S FAMILY SUBMITS A PACKET OF TUITION ASSISTANCE INFORMATION, INCLUDING PERSONAL INCOME TAX RETURNS. ONE COPY OF THE TUITION ASSISTANCE INFORMATION IS FORWARDED TO AN INDEPENDENT AGENCY TO EVALUATE THE LEVEL OF NEED. ANOTHER COPY OF THE TUITION ASSISTANCE INFORMATION IS EVALUATED BY THE COMMITTEE TO DETERMINE THE ELIGIBILITY FOR TUITION ASSISTANCE BASED ON THE POTENTIAL RECIPIENT'S NEED. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 213150 0 0 0 0 0 21315 0 21740 0 256205 0 0 0 MS MELISSA SODERBERG HEAD OF SCHOOL 360500 0 0 0 100806 0 35270 0 20141 0 516717 0 0 0 MR ERICH HUNKER ASST HEAD OF SCHOOL FOR DEVELOPMENT/ 193850 0 0 0 0 0 19385 0 20137 0 233372 0 0 0 MR MARK HANSEN LOWER SCHOOL HEAD 166500 0 0 0 0 0 8325 0 37603 0 212428 0 0 0 MR DOUG BENNETT FACILITIES DIRECTOR 157250 0 0 0 0 0 15725 0 13969 0 186944 0 0 0 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 154690 0 0 0 0 0 10828 0 50329 0 215847 0 0 0 MR JOHN WUORINEN DIRECTOR OF ADMISSIONS & TUITION ASS 150250 0 0 0 0 0 15225 0 20086 0 185561 0 0 0 PART I, LINE 1A THE COLUMBUS ACADEMY HAS A LOAN AGREEMENT WITH ITS HEAD OF SCHOOL, REFLECTED IN SCHEDULE L, PART II. THIS AGREEMENT PROVIDES FOR THE FORGIVENESS OF THE ANNUAL PRINCIPAL AND INTEREST PAYMENTS, MADE THROUGH INCLUSION IN HER COMPENSATION. FURTHER, THE AGREEMENT ALLOWS FOR A GROSS-UP PAYMENT FOR PAYROLL TAXES AS A RESULT OF THIS INCLUSION, FURTHER REFLECTED IN HER W-2 COMPENSATION. THE TOTAL AMOUNTS FOR THE FORGIVENESS AND GROSS-UP PAYMENT ARE REFLECTED IN SCH. J, PART II, COLUMN B(III). THE COLUMBUS ACADEMY PAYS FOR A SOCIAL CLUB MEMBERSHIP FOR ITS HEAD OF SCHOOL SO THAT SHE IS ABLE TO PERFORM REQUISITE VOLUNTEER AND DONOR ENTERTAINING APPROPRIATE FOR HER LEADERSHIP ROLE TO ADVANCE THE INSTITUTION. EXPENSES SHE INCURS FOR THE PERSONAL USE OF HER MEMBERSHIP ARE INCLUDED IN HER TAXABLE COMPENSATION, REFLECTED IN SCH. J, PART II, COLUMN B(III). PART I, LINE 4B THE COLUMBUS ACADEMY MAINTAINED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR ITS HEAD OF SCHOOL, UNDER IRC 457(F). UNDER THE 457(F) PLAN, THE ORGANIZATION INCURRED AN EMPLOYER CONTRIBUTION LIABILITY OF $18,566 DURING THE YEAR. A CITY OF GAHANNA OHIO 316400492 000000000 2019-03-01 19000000 SEE PART VI 0 0 0 A 2578040 18676089 144119 10231970 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 PNC BANK NATIONAL ASSOCIATION 7.000000000000 0 0 0 0 1 A 1 PART I, LINE A, COLUMN (F): FINANCE (1) THE ACQUISITION, CONSTRUCTION, RENOVATION, AND EQUIPPING OF THE ACADEMY'S ATHLETIC EXPANSION PROJECTS WHICH INCLUDE A NEW FIELDHOUSE, WEIGHT ROOM, TRAINING ROOM, AND MAINTENANCE BUILDING, AS WELL AS ROAD IMPROVEMENTS AT THE CAMPUS LOCATED ON THE REAL PROPERTY LOCATED AT 4300 CHERRY BOTTOM ROAD, GAHANNA, OHIO, AND (2) CERTAIN COSTS AND EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019 BONDS. PART II, LINE 3, COLUMN (A): THE SERIES 2019 BONDS ARE DRAW DOWN BONDS WITH A TOTAL AGGREGATE PERMISSIBLE DRAW OF $19,000,000. THE CORPORATION HAS COMPLETED DRAWING ON THE BONDS WITH A TOTAL AMOUNT OF $18,676,089 DRAWN AS OF JUNE 30, 2020. PART IV, LINE 2.C, COLUMN (A): THE 2019 BONDS ARE DRAW DOWN BONDS. THE CORPORATION ONLY DRAWS UPON THE BONDS WHEN IT HAD REIMBURSABLE EXPENSES AND USED SUCH DRAWS TO EITHER IMMEDIATELY PAY SUCH EXPENSES OR TO REIMBURSE ITSELF FOR SUCH EXPENSES. BECAUSE OF THIS THERE ARE NO INVESTMENT EARNINGS ON THE SERIES 2019 BONDS AND THEREFORE NO NEED FOR REBATE. MS MELISSA SODERBERG HEAD OF SCHOOL TO COVER EDUCATIONAL COSTS. X 250000 100000 0 1 1 100000 CONTINENTAL BUILDING SYSTEMS JONATHAN KASS, BOARD PRES/TRUSTEE, HAS A FAMILY RELATIONSHIP WITH AN OWNER 2492354 THE SCHOOL HAS A CONSTRUCTION PROJECT CONTRACT WITH CONTINENTAL BUILDING SYSTEMS FOR VARIOUS CAMPUS RENOVATION AND EXPANSION PROJECTS. THE RELATIONSHIP BETWEEN MR. KASS AND THE INTERESTED PERSON WAS PROPERLY DISCLOSED PER THE SCHOOL'S CONFLICT OF INTEREST POLICY, PER PROPER DISCLOSURE ON THE TRUSTEE'S ANNUAL CONFLICT OF INTEREST STATEMENT. PRIOR TO THE BOARD'S CONSIDERATION OF THE CONSTRUCTION PROJECT, MR. KASS AGAIN DISCLOSED HIS CONFLICT AND ABSTAINED FROM VOTING ON MATTERS RELATING TO THE CONSTRUCTION PROJECT. 0 X 26 244995 STOCK EXCHANGE 0 1 0 FORM 990, PART I, LINE 1: THE COLUMBUS ACADEMY ASPIRES TO BE AN INCLUSIVE COMMUNITY WHERE ALL DIFFERENCES CONSISTENT WITH THE MISSION OF THE SCHOOL ARE VALUED, RESPECTED AND INTEGRATED INTO THE EDUCATION PROCESS. FORM 990, PART III, LINE 1: THE COLUMBUS ACADEMY - AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL - ENRICHES ITS ACADEMIC TRADITION OF EXCELLENCE BY VALUING A BROAD DIVERSITY OF STUDENTS AS IT SEEKS TO DEVELOP THE COMPLETE PERSON: MIND, BODY AND CHARACTER. THE SCHOOL REWARDS RIGOROUS EFFORT AND ACCOMPLISHMENT, FOSTERS COMPASSION, RESPECT AND MORAL COURAGE, AND INSISTS ON INTEGRITY, FAIR PLAY AND COMMUNITY SERVICE. THE ACADEMY STRIVES TO DEVELOP AND SUSTAIN A COMMUNITY OF THOUGHTFUL, RESPONSIBLE, CAPABLE AND CONFIDENT CITIZENS EAGER TO ENGAGE IN A PLURALISTIC AND EVER-CHANGING WORLD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IT IS THEN E-MAILED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL, AND FORMALLY ACCEPTED BY THE FULL BOARD OF TRUSTEES AT ITS NEXT MEETING, PRIOR TO THE FORM'S SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING OF EVERY NEW FISCAL YEAR, TRUSTEES AND OFFICERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST AND ETHICS POLICY. THEY ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT DISCLOSES ANY CONFLICTS OF INTEREST, AND SUBMIT THIS SIGNED FORM TO THE ADMINISTRATION. THE ADMINISTRATION FOLLOWS UP WITH TRUSTEES TO ENSURE THAT ALL BOARD MEMBERS SUBMIT THIS SIGNED FORM TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF HEAD OF SCHOOL COMPENSATION BY THE BOARD IS BASED UPON THE BOARD'S DETERMINATION OF THE HEAD OF SCHOOL'S PERFORMANCE AS MEASURED AGAINST THE ACADEMY'S MISSION STATEMENT AND STRATEGIC PLAN, AS WELL AS HER SATISFACTION OF PRIOR PERFORMANCE GOALS ESTABLISHED AND APPROVED BY THE BOARD'S NOMINATING AND GOVERNANCE COMMITTEE OR SUCH SUCCESSOR COMMITTEE, CONSIDERATION OF COMPENSATION PRACTICES OF OTHER INDEPENDENT SCHOOLS, AND SUCH OTHER FACTORS DEEMED REASONABLE AND APPROPRIATE BY THE BOARD. COMPENSATION OF OTHER KEY EMPLOYEES OR OFFICERS IS BASED UPON PERFORMANCE AND COMPARATIVE INFORMATION FROM OTHER INDEPENDENT SCHOOLS AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORMS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FURTHER, THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION THROUGH ANOTHER'S WEBSITE, WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PASS-THROUGH INCOME ADJUSTMENT FOR TAX RETURN -49,865. FASB 158 ADJUSTMENT 437,264. LOSS ON UNCOLLECTIBLE PLEDGES -41,656. RECOVERY OF PRIOR YEAR BAD DEBT 11,283. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE AND AUDIT COMMITTEE THAT OVERSEES THE AUDIT. FURTHER, THIS COMMITTEE INTERVIEWS CANDIDATES FOR THE AUDIT FIRM AND MAKES A RECOMMENDATION BASED ON THIS PROCESS TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES PASSES A RESOLUTION SELECTING THE EXTERNAL AUDITORS. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.