2022-05-11T14:06:23-05:00 2021-06-30 390758449 WIPFLI LLP PO BOX 50699 IDAHO FALLS ID 83405 990 2020-07-01 832571341 JACKSON HOLE CLASSICAL ACADEMY FOUNDATION JACK 3072015040 PO BOX 11655 JACKSON WY 83002 POLLY FRIESS SECRETARY 3072015040 2022-05-06 1 POLLY FRIESS XXX-XX-XXXX FRED GOODWORTH P00381077 2085235953 2022-05-06 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z POLLY FRIESS PO BOX 11655 JACKSON WY 83002 2213502 0 X N/A X 2018 WY THE MAIN PURPOSE OF THE FOUNDATION IS TO SUPPORT THE JACKSON HOLE CLASSICAL ACADEMY BY HOLDING TITLE AND MANAGING REAL PROPERTY ON WHICH A NEW CAMPUS FOR THE ACADEMY WILL BE CONSTRUCTED. 5 5 0 5 0 0 1200000 2212500 0 0 0 0 0 1002 1200000 2213502 0 0 0 0 0 0 0 0 0 59501 700735 59501 700735 1140499 1512767 9566861 23219839 6000000 4091662 3566861 19128177 THE MAIN PURPOSE OF THE FOUNDATION IS TO SUPPORT THE JACKSON HOLE CLASSICAL ACADEMY BY HOLDING TITLE AND MANAGING REAL PROPERTY ON WHICH A NEW CAMPUS FOR THE ACADEMY WILL BE CONSTRUCTED. 0 0 641376 THE FOUNDATION WILL PROVIDE SUPPORT TO THE ACADEMY BY HOLDING TITLE AND MANAGING REAL PROPERTY TO ALLOW THE ACADEMY TO CARRY OUT ITS ACTIVITIES TO PROMOTE AN ACADEMICALLY RIGOROUS, CLASSICAL CURRICULUM TEACHING CHRISTIAN CHARACTER AND DECORUM. 641376 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X SUZY FLOYD 3074139372 PO BOX 9484 JACKSON WY 83002 X DAVE PATTY PRESIDENT 2.00 0.00 X X 0 0 0 DANIEL RUSS VICE PRESIDENT 2.00 0.00 X X 0 0 0 STEPHEN FRIESS TREASURER 2.00 0.00 X X 0 0 0 POLLY FRIESS SECRETARY 2.00 60.00 X X 0 0 0 MAGGIE VALIANTE DIRECTOR 2.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 2212500 2212500 1002 0 1002 1002 1002 2213502 0 0 1002 1800 1800 38151 38151 6219 6219 199 199 263 263 132151 132151 509225 509225 12527 12527 REPAIRS & MAINTENANCE 200 200 700735 641376 59359 0 185470 131503 23613629 525293 8000000 23088336 1381391 0 9566861 23219839 6000000 4091662 6000000 4091662 X 3566861 19128177 3566861 19128177 9566861 23219839 X 1512767 14048549 0 X 0 0 0 X X X 1 JACKSON HOLE CLASSICAL ACADEMY INC 452795231 2 1 132151 0 1 132151 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: THE FOUNDATION WILL BE MANAGED BY A BOARD OF DIRECTORS THAT IS INDEPENDENT FROM THE ACADEMY, BUT WHICH HAS AT LEAST ONE MEMBER WHO IS A DIRECTOR OF THE ACADEMY. THE FOUNDATION WILL BE OPERATED IN CONNECTION WITH THE ACADEMY. UNDER THIS TEST (SECTION 1.509(A)-(4)(I) OF THE REGULATIONS, THE FOUNDATION MUST BE RESPONSIVE TO THE NEEDS AND DEMANDS OF THE ACADEMY AND MUST BE SIGNIFICANTLY INVOLVED IN THE OPERATIONS OF THE ACADEMY SO THAT THE ACADEMY IS DEPENDENT ON THE FOUNDATION. PART IV, SECTION E, LINE 2A: THE FOUNDATION ENGAGES IN ACTIVITIES, SUBSTANTIALLY ALL OF WHICH DIRECTLY FURTHER THE EXEMPT PURPOSES OF THE JACKSON HOLE CLASSICAL ACADEMY. THE FOUNDATION WILL HOLD TITLE AND MANAGE THE REAL PROPERTY WHICH WILL BE THE CAMPUS OF THE ACADEMY. PART IV, SECTION E, LINE 2B: BUT FOR THE INVOLVEMENT OF THE FOUNDATION, THE ACADEMY WOULD OWN THE LAND AND MANAGE THE REAL ESTATE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8000000 8000000 12948459 348080 12600379 2665170 177213 2487957 23088336 FORM 990, PART VI, SECTION A, LINE 2 BOARD TREASURER, STEPHEN FRIESS, AND BOARD SECRETARY, POLLY FRIESS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS SENT TO THE BOARD MEMBERS FOR THEIR INFORMATION AND REVIEW PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTERESTS, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 NONE OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PAGE 12, PART XI, LINE 8: THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ACADEMY AS OF AND FOR THE YEAR ENDED JUNE 30, 2021, REPORTED ADJUSTMENTS TO BALANCES IN THE PRIOR YEAR TO CORRECT MISSTATED BALANCES RELATED TO THE TRANSFER OF ASSETS TO THE JACKSON HOLE CLASSICAL ACADEMY FOUNDATION. TRANSFER OF ASSETS - $14,115,240 OTHER PRIOR PERIOD ADJUSTMENTS - $66,691 JACKSON HOLE CLASSICAL ACADEMY INC PO BOX 7466 JACKSON WY 83002 452795231 EDUCATION WY 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 JACKSON HOLE CLASSICAL ACADEMY INC S 14131308 COST BASIS