2022-03-10T19:11:19-06:00 2021-06-30 560574444 CHERRY BEKAERT LLP 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2020-07-01 541371815 THE J127 EDUCATION FOUNDATION J127 7038540619 9657 BLAKE LANE FAIRFAX VA 22031 CHRISTIN SOLY EXECUTIVE DIRECTOR 7038540619 2022-03-10 1 CHRISTIN SOLY 999009999 AMANDA ADAMS P00748038 8046735700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRISTIN SOLY 9657 BLAKE LANE FAIRFAX VA 22031 14614633 0 X WWW.MERRITTACADEMY.ORG, WWW.FIRSTSTEPSTYSONS.COM X 1986 VA SEE SCHEDULE O 4 2 406 0 0 0 34659 2157780 12228954 11980353 381734 342167 64612 97428 12709959 14577728 388178 371229 0 0 10238741 8991515 0 0 5869 3427579 3315474 14054498 12678218 -1344539 1899510 16958936 24052586 7281694 10314775 9677242 13737811 X SEE SCHEDULE O 0 0 10859202 371229 11980353 ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 640 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 10859202 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 1 0 0 0 0 1 0 0 0 1 29 0 1 406 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 KLAASSEN 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 EXECUTIVE DIRECTOR 30.00 10.00 X 160986 0 6135 STEPHEN ROBERSON DIRECTOR OF FINANCE 35.00 5.00 X 95732 0 15476 PETER SMITH DIRECTOR OF FACILITIES 40.00 0.00 X 189702 0 2547 ALFONS OSTROVEANU DIRECTOR OF IT 40.00 0.00 X 105311 0 4717 LINDA POTTS SCHOOL PRINCIPAL 40.00 0.00 X 112212 0 14153 SANDY BRISCOE SENIOR ACCOUNTANT 40.00 0.00 X 111162 0 10448 KATHLENA MOMM ED APPLETREE SCHOOL 40.00 0.00 X 122141 0 6079 897246 0 59555 6 0 1 0 0 1604200 553580 34980 2157780 TUITION 611110 11595164 11595164 OTHER SCHOOL RELATED INCOME 611110 385189 385189 11980353 323878 323878 90114 0 90114 90114 90114 42703 9476 0 33890 42703 -24414 18289 18289 9579 3015 6564 6564 750 750 750 14577728 11980353 0 439595 371229 371229 446420 66963 379457 6877232 6130074 747158 45159 34536 10623 1369826 1077381 292445 252878 252878 -928 -928 10002 10002 165408 165408 71307 71307 45167 43995 1172 53883 53883 274868 252838 22030 38998 35650 3348 1283942 1220434 63508 57599 57447 152 53274 50610 2664 449286 426822 22464 207138 196781 10357 FOOD SERVICES 431045 431045 SCHOOL OPERATIONS 150968 150968 AFTER SCHOOL ACTIVITIES 5668 5668 17849 11980 5869 12678218 10859202 1813147 5869 1468245 3804954 447981 37424 37555 113209 59261 15323354 7983706 5540284 7339648 9770204 12333617 29570 29570 16958936 24052586 767443 1042466 1400899 1791469 1604200 1937555 3509152 5543285 7281694 10314775 X 9675742 13736311 1500 1500 9677242 13737811 16958936 24052586 1899510 2161059 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5317137 1474331 3842806 8574062 5395051 3179011 941612 731313 210299 490543 383011 107532 7339648 INVESTMENTS WITH J127 FOUNDATION 12333617 F 12333617 DEFERRED RENT INCENTIVE 112069 DUE TO J127 FOUNDATION 5334986 CAPITAL LEASE OBLIGATIONS 96230 5543285 X 16747247 2161059 3015 2164074 14583173 71307 -76752 -5445 14577728 12686678 3015 3015 12683663 71307 -76752 -5445 12678218 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, 2021. 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, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 3,015. PART XI, LINE 4B - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDIT -447,981. TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 371,229. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 3,015. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 371,229. EMPLOYEE RETENTION CREDIT -447,981. 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 ON APRIL 17, 2020 THE EDUCATION FOUNDATION ENTERED INTO AN UNSECURED PROMISSORY NOTE UNDER THE PAYCHECK PROTECTION PROGRAM (THE "PPP"), WITH A PRINCIPAL AMOUNT OF $1,604,200. THE PPP WAS ESTABLISHED UNDER THE RECENTLY CONGRESSIONAL APPROVED CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT") AND IS ADMINISTERED BY THE U.S. SMALL BUSINESS ADMINISTRATION ("SBA"). ON NOVEMBER 24, 2020, THE PPP PROMISSORY NOTE WAS FORGIVEN BY THE SBA. AT THE TIME OF FORGIVENESS, THE OUTSTANDING AMOUNT WAS RECORDED AS DEBT FORGIVENESS ON THE STATEMENT OF ACTIVITIES. 1 FINANCIAL AID TO STUDENT FAMILIES 54 0 371229 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 PETER SMITH DIRECTOR OF FACILITIES 189702 0 0 0 0 0 2547 0 0 0 192249 0 0 0 CHRISTIN SOLY EXECUTIVE DIRECTOR 160986 0 0 0 0 0 163 0 5972 0 167121 0 0 0 CHRISTIN SOLY MS. SOLY IS A FAMILY MEMBER OF THE OFFICERS 160986 COMPENSATION PAID TO MS. SOLY AS AN EMPLOYEE OF THE FOUNDATION. 0 APPLETREE OF FAIRFAX INC MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION AND OWNERS OF APPLETREE 152400 THE FOUNDATION LEASES PROPERTY FROM APPLETREE OF FAIRFAX INC. 0 PAUL AND TERESA KLAASSEN MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION 227975 THE FOUNDATION LEASES PROPERTY OWNED BY MR. & MRS. KLAASEN. 0 X HVAC FILTERS 1 29580 FMV X COMPUTER SOFTWARE 1 5400 FMV 0 0 0 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 AND TERESA KLAASSEN 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 5334986 FMV THE J127 FOUNDATION O 60562 FMV