2022-11-11T10:52:40-06:00 2022-06-30 204193611 Batts Morrison Wales and Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2021-07-01 204717769 TMA Properties Foundation Inc TMAP 4079712221 1500 Lukas Lane Oviedo FL 32765 Dr Dana Dionne President 4079712221 2022-10-17 1 Dr Dana Dionne 999009999 Kaylyn A Varnum P01691975 4077706000 2022-10-17 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Dr Dana Dionne 1500 Lukas Lane Oviedo FL 32765 1579663 0 X N/A X 2006 FL Own and operate real property that is used by The Master's Academy of Central Florida, Inc. 3 3 0 5 0 0 577339 1505544 0 0 0 28280 46128 41833 623467 1575657 0 29231 0 0 0 0 0 0 0 755669 799472 755669 828703 -132202 746954 22091611 22610355 294695 66485 21796916 22543870 Own and operate real property that is used by The Master's Academy of Central Florida, Inc. 0 0 788613 29231 35019 The Organization holds real property that is used by The Master's Academy of Central Florida for use in its religious, charitable, and educational purposes. 788613 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Jade Matthews 4079712221 1500 Lukas Lane Oviedo FL 32765 Dr Timothy Pursley Chairman/Treasurer/Director 1.00 3.00 X X 0 0 0 Joseph M Urian Vice Chairman/Dir. (Ended 06/22) 0.50 1.50 X X 0 0 0 Dr Bradley Jahnke Secretary/Director 0.50 1.50 X X 0 0 0 Dr Dana Dionne President 0.50 50.50 X 0 175006 8910 Dr William Harris Former President 0.00 0.00 X 0 392607 17783 0 567613 26693 0 1 1 0 AstroTurf Corporation 2680 Abutment Rd SE Dalton GA 30721 Football Field Turf Install 385344 McCree General Contractors 500 E Princeton St Orlando FL 32803 Construction/Gen. Contractor 276675 Brock International LLC 3090 Sterling Circle Boulder CO 80301 Football Field Pad Install 107008 3 1505544 1505544 28280 28280 10820 4006 6814 6814 6814 Gain on inst. sale 900099 35019 35019 35019 1575657 35019 0 35094 29231 29231 123 123 799349 759382 39967 828703 788613 40090 0 369567 58224 0 2000 441130 412593 28744036 6606498 21280914 22137538 22091611 22610355 294695 66485 294695 66485 X 21796916 22543870 21796916 22543870 22091611 22610355 746954 0 X X 0 1 X 1 0 X X X 1 See Part VI 592663620 2 1 29231 0 1 29231 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part I, Line 1g, column (i): Name of supported organization: The Master's Academy of Central Florida, Inc. Schedule A, Part I, Line 12g, Column v and Column vi: The Organization provides support to its supported organization through the ownership and management of certain real property which is used by the supported organization in its exempt activities. The difference between the fair rental value of the property provided to the supported organization and the rent paid by the supported organization has not been included in Schedule A, Part I, Line 12g. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1728461 1728461 23688782 6004626 17684156 1995675 601872 1393803 1331118 1331118 22137538 1 The Master's Academy of Central Florida Inc 1500 Lukas Lane Oviedo FL 32765 592663620 501(c)(3) 29231 0 General support 1 0 Part I, Line 2: The Organization makes grants only to related organizations. The use of grant funds is monitored by regular Board and management review of financial and operational records. 1 0 0 0 0 0 0 0 0 Dr William Harris Former President 0 190796 0 425 0 201386 0 0 0 17783 0 410390 0 0 Dr Dana Dionne President 0 173488 0 22 0 1496 0 0 0 8910 0 183916 0 0 Part I, Line 4a The Organization's supported organization, The Master's Academy of Central Florida, Inc.'s ("The Academy") former President, Dr. William Harris, retired effective June 30, 2021. The Academy's Form 990 for the prior fiscal year (the fiscal year ended June 30, 2021) included an accrued severance payment in the amount of $400,000 payable to Dr. William Harris on Part IX, Line 5. The severance arrangement was made pursuant to a written employment contract with Dr. Harris that was approved by the Academy's Board of Directors, all of whom are independent with respect to Dr. Harris. The written employment contract was entered into under the Academy's executive-compensation setting procedures, which include the use of comparability data in determining the reasonableness of compensation arrangements. Under the severance arrangement, severance payments were made to Dr. Harris over the twelve month period beginning July 1, 2021 and ending June 30, 2022. Similarly, pursuant to the severance arrangement, the Academy provides medical and prescription drug coverage to Dr. Harris on the same terms and conditions as provided to the Academy's administrative personnel and will continue to do so through September 30, 2025. Pursuant to the Form 990 instructions, the amounts reported on Schedule J, Part II, Column (B)(iii) and Column E include the severance payments and insurance benefits provided to Dr. Harris from July 1, 2021 through December 31, 2021. Form 990, Part VI, Section B, line 11b The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Organization does not have paid employees and therefore does not have a compensation setting policy. Key personnel supporting the Organization are employees of The Master's Academy of Central Florida, Inc., a related tax-exempt organization. The Academy reviews the compensation of all its employees on an annual basis to ensure that compensation is reasonable and comparable to other similar organizations. Form 990, Part VI, Section C, line 19 The Organization's Articles of Incorporation are publicly available online. The Organization's bylaws, conflicts of interest policy, and other policies are provided to those responsible for complying with them. Form 990, Part VI: The Organization is included in the consolidated financial statements of The Master's Academy of Central Florida, Inc., which are audited annually by an independent certified public accounting firm. This audit has resulted in the issuance of an unqualified opinion on the consolidated financial statements. In addition, the Organization is a fully accredited member of the Evangelical Council for Financial Accountability (ECFA) and, as such, subscribes to ECFA's Seven Standards of Responsible Stewardship addressing: (1) operation in conformity with the Organization's evangelical Christian doctrinal statement, (2) oversight by a Board of Directors, the majority of which are independent, (3) submission of complete, accurate, audited financial statements, (4) proper management and financial controls over the use of the Organization's resources, (5) public availability of the Organization's current financial statements upon written request, (6) avoidance of conflicts of interest, and (7) responsible, truthful fund-raising practices. Form 990, Part XII, Line 2c: The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year. The Master's Academy of Central Florida Inc 1500 Lukas Lane Oviedo FL 32765 592663620 Christian preschool, elementary, and secondary school FL 501(c)(3) Line 2 N/A 1 TMA Heritage Foundation Inc 1500 Lukas Lane Oviedo FL 32765 455615288 Supporting Organization FL 501(c)(3) Line 12a, I The Master's Academy of Central Florida Inc 1 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 TMA Heritage Foundation Inc C 450000 Actual Amount Paid The Master's Academy of Central Florida C 1055544 Actual Amount Paid