2022-05-11T17:27:44-05:00 2021-06-30 390758449 WIPFLI LLP PO BOX 50699 IDAHO FALLS ID 83405 990 2020-07-01 452795231 JACKSON HOLE CLASSICAL ACADEMY INC JACK 3072015040 PO BOX 7466 JACKSON WY 83002 POLLY FRIESS SCHOOL DIRECTOR 3072015040 2022-05-10 1 POLLY FRIESS XXX-XX-XXXX FRED GOODWORTH P00381077 2085235953 2022-05-10 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z POLLY FRIESS PO BOX 7466 JACKSON WY 83002 5047145 0 X JACKSONHOLECLASSICALACADEMY.ORG X 2011 WY THE MISSION OF JACKSON HOLE CLASSICAL ACADEMY IS TO CULTIVATE WITHIN ITS STUDENTS THE WISDOM AND VIRTUE NECESSARY TO DISCOVER AND FULFILL THEIR GOD-GIVEN POTENTIAL AND CONTRIBUTE TO A FLOURISHING AND FREE SOCIETY. 6 6 52 120 0 0 10042531 3116464 2338057 1927675 692 6 0 3000 12381280 5047145 524195 297937 0 0 2026682 2266206 0 0 75454 563368 1165135 3114245 3729278 9267035 1317867 14975594 2249358 194317 265457 14781277 1983901 THE MISSION OF JACKSON HOLE CLASSICAL ACADEMY IS TO CULTIVATE WITHIN ITS STUDENTS THE WISDOM AND VIRTUE NECESSARY TO DISCOVER AND FULFILL THEIR GOD-GIVEN POTENTIAL AND CONTRIBUTE TO A FLOURISHING AND FREE SOCIETY. 0 0 3430168 297937 1927675 JACKSON HOLE CLASSICAL ACADEMY SERVED 98 STUDENTS DURING THE 2020-2021 SCHOOL YEAR. JHCA FINISHED BUILDING THE NEW CAMPUS AND OCCUPANCY BEGAN IN MARCH 2021. 3430168 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X PETER FREUND 3072015040 PO BOX 7466 JACKSON WY 83002 POLLY FRIESS SCHOOL DIRECTOR 60.00 X X 0 0 0 GARY DAMORE CHAIR 10.00 X X 0 0 0 JONATHAN ROBINSON SECRETARY 10.00 X X 0 0 0 LISA MEANEY DIRECTOR 10.00 X 0 0 0 LYNN FRIESS DIRECTOR 10.00 X 0 0 0 FRANK REICHEL DIRECTOR 10.00 X 0 0 0 SARAH CELESTINE DIRECTOR OF FINANCE 40.00 X 11221 0 0 11221 0 0 0 0 0 0 0 3116464 3116464 TUITION 611110 1803617 1803617 CLUB DUES AND FEES 611110 56750 56750 FOOD SERVICES 611110 46625 46625 20683 20683 1927675 6 6 3000 0 3000 3000 3000 5047145 1927675 0 3006 X 297937 297937 62547 57584 3035 1928 1814870 1670985 88003 55882 21801 19922 1149 730 192605 176005 10153 6447 174383 159661 9192 5530 38716 38716 15600 15600 425979 425979 24279 24279 34617 30164 4453 18759 18759 151806 151806 45200 45200 28180 28180 SUPPLIES 94175 92292 1883 VEHICLE 80090 16018 64072 MISCELLANEOUS 66525 66525 PROGRAM EXPENSE 47221 47221 93988 86051 3000 4937 3729278 3430168 223656 75454 502490 1791915 37279 182277 69549 30000 30000 510906 270628 533339 240278 13802937 4888 14975594 2249358 8455 102654 130842 162803 55020 0 194317 265457 X 14781277 1983901 14781277 1983901 14975594 2249358 X 1317867 -14115243 0 X X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5477 3457 2020 505429 267171 238258 240278 X PART X, LINE 2: JACKSON HOLE CLASSICAL ACADEMY, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ACADEMY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. IN ADDITION, THE ACADEMY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES, IF APPLICABLE. THE ACADEMY HAS NO INTEREST AND PENALTIES RELATED TO INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2021. THE WHOLLY-OWNED SUBSIDIARY, ARETE VENTURES, LLC, IS TREATED AS DISREGARDED ENTITIES FOR TAX PURPOSES. THE ACTIVITY OF ARETE VENTURES, LLC IS INCLUDED IN THE ACADEMY'S TAX RETURN. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 JACKSON HOLE CLASSICAL ACADEMY PUBLISHED ITS NONDISCRIMINATION POLICY IN THE JACKSON HOLE NEWS AND GUIDE. THE NONDISCRIMINATION POLICY APPEARS ON THE TUITION ASSISTANCE PAGE OF THE WEBSITE AS WELL. 0 FINANCIAL AID 17 297937 PART I, LINE 2: JACKSON HOLE CLASSICAL ACADEMY'S TUITION ASSISTANCE PROGRAM IS DESIGNED TO HELP STUDENTS ATTEND THE SCHOOL. OUR SYSTEM EVALUATES EACH FAMILY'S SITUATION ON AN INDIVIDUAL BASIS AND DETERMINES THEIR ABILITY TO AFFORD ENROLLMENT. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS LYNN AND POLLY FRIESS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS A DRAFT COPY OF THE 990 BEFORE FILING AND IS GIVEN THE OPPORTUNITY TO MAKE COMMENTS OR ASK QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF JHCA WHEN CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION. ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST HAS A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. AFTER THE 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. EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL SIGN ANNUALLY A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES MANAGING EMPLOYEE'S COMPENSATION. COMPENSATION FOR MANAGEMENT LEVEL EMPLOYEES IS DETERMINED USING THE LOCAL MARKET RATE AND OTHER EXTERNAL SERVICES SUCH AS PAYSCALE, GLASSDOOR, ETC. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE SENT TO WIPFLI. FORM 990, PART IX, LINE 11G CONTRACTOR EXPENSE: PROGRAM SERVICE EXPENSES 399,407. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 399,407. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 26,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,572. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE COMPILATION OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE BOARD CONTRACTED WITH A NEW ACCOUNTING FIRM THIS YEAR. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ACADEMY AS OF 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. ARETE VENTURES LLC 115 EAST SNOW KING AVENUE JACKSON WY 83001 TO DIRECT AND MANAGE CONSTRUCTION OF A NEW SCHOOL CAMPUS. WY 1840000 1526751 JACKSON HOLE CLASSICAL ACADEMY JACKSON HOLE CLASSICAL ACADEMY FOUNDATION PO BOX 11655 JACKSON WY 83002 832571341 SUPPORT JACKSON HOLE CLASSICAL ACADEMY, INC. WY 501(C)(3) LINE 12C, III-FI 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 JACKSON HOLE CLASSICAL ACADEMY FOUNDATION R 14131308 COST BASIS