2021-02-12T08:02:13-06:00 2020-06-30 592142260 CHRISTOPHER SMITH LEONARD ET AL 1001 3RD AVE W SUITE 700 BRADENTON FL 34205 990 2019-07-01 591731857 OUT-OF-DOOR ACADEMY OF SARASOTA INC OUT- 9413493223 444 REID ST SARASOTA FL 34242 ANGEL R CAPPAR CFO 9413493223 2021-02-12 1 RANDY C DILLINGHAM P00280769 9417481040 2019 2022-09-23 18:48:47Z ANGEL R CAPPAR 444 REID ST SARASOTA FL 34242 29774190 0 X WWW.ODA.EDU X 1924 FL AS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL, OUR MISSION IS TO PROVIDE AN ENVIRONMENT IN WHICH STUDENTS STRIVE TO ACHIEVE THEIR HIGHEST ACADEMIC GOALS AND TO BUILD CHARACTER THROUGH A BALANCED PROGRAM OF ACADEMICS, THE ARTS AND ATHLETICS. 19 19 236 100 80050 79050 4802149 4524163 17375940 17951058 1059342 1306906 729849 689126 23967280 24471253 1583354 1675604 0 0 11713781 12192103 0 0 558961 7223920 6821567 20521055 20689274 3446225 3781979 62464815 68546900 26313065 31114470 36151750 37432430 AS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL, OUR MISSION IS TO PROVIDE AN ENVIRONMENT IN WHICH STUDENTS STRIVE TO ACHIEVE THEIR HIGHEST ACADEMIC GOALS AND TO BUILD CHARACTER THROUGH A BALANCED PROGRAM OF ACADEMICS, THE ARTS AND ATHLETICS. 0 0 18956776 1675604 18560134 LOCATED IN SARASOTA, FLORIDA, THE OUT-OF-DOOR ACADEMY PROVIDES TWO UNIQUE EDUCATIONAL ENVIRONMENTS PROVEN TO PRODUCE EXCEPTIONAL RESULTS: THE HISTORIC SETTING OF ITS LOWER SCHOOL (GRADES PREK-5) ON SIESTA KEY, AND THE COLLEGIATE-STYLE UIHLEIN CAMPUS AT LAKEWOOD RANCH (GRADES 6-12). THE OUT-OF-DOOR ACADEMY HAS BEEN THE EDUCATIONAL LEADER IN THE GREATER SARASOTA COMMUNITY FOR OVER 95 YEARS. WE CONTINUE TO SET A STANDARD OF EXCELLENCE RECOGNIZED BY THE BEST COLLEGES AND UNIVERSITIES ACROSS THE NATION. RANKED BY THE CUM LAUDE SOCIETY IN THE TOP 1% OF ALL SECONDARY SCHOOLS IN THE NATION, WE ARE PROUD TO BE KNOWN FOR PROVIDING AN OUTSTANDING EDUCATION THAT INSPIRES STUDENTS TO REACH THEIR TRUE POTENTIAL AND PURSUE THEIR DREAMS. 18956776 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 36 0 1 236 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X ANGEL R CAPPAR 9413493223 444 REID STREET SARASOTA FL 34242 ANN KITTLE TRUSTEE 1.00 X 0 0 0 ARIANE DART TRUSTEE 1.00 X 0 0 0 ASHLEY KOZEL BOARD CHAIR 1.00 X X 0 0 0 BRENDRA UIHLEIN EMERITUS 1.00 X 0 0 0 DAVID WHITE TRUSTEE 1.00 X 0 0 0 DONNA KOFFMAN TRUSTEE 1.00 X 0 0 0 DOUGLAS BRADBURY TREASURER 1.00 X X 0 0 0 FRED COCHRAN SECRETARY 1.00 X X 0 0 0 GERD PETRIK EMERITUS 1.00 X 0 0 0 JAMIE BECKER TRUSTEE 1.00 X 0 0 0 KEN PENDERY EMERITUS 1.00 X 0 0 0 LARRY FOX TRUSTEE 1.00 X 0 0 0 LARRY THOMPSON TRUSTEE 1.00 X 0 0 0 LEIGH DALTON TRUSTEE 1.00 X 0 0 0 MITZIE HENSON TRUSTEE 1.00 X 0 0 0 REED SAVIDGE EMERITUS 1.00 X 0 0 0 ROB CRISCI TRUSTEE 1.00 X 0 0 0 RON GELBMAN EMERITUS 1.00 X 0 0 0 SCOTT SMITH TRUSTEE 1.00 X 0 0 0 TAMMY KARP TRUSTEE 1.00 X 0 0 0 TEENA HUMPHREY TRUSTEE 1.00 X 0 0 0 TERRI VITALE VICE CHAIR 1.00 X X 0 0 0 TOM MURPHY TRUSTEE 1.00 X 0 0 0 TONY BONACUSE TRUSTEE 1.00 X 0 0 0 ANGEL R CAPPAR CFO 40.00 X 154962 0 41184 DAVID V MAHLER HEAD OF SCHOOL 40.00 X 412844 0 88220 CHRISTOPHER CHESLEY HEAD OF UPPER SCHOOL 40.00 X 117462 0 39750 DARRYL CALKINS CO-DIR COLL COUNS 40.00 X 120564 0 11440 JOHN CARR ASSOC. HEAD OF SCHOOL FOR DEV. 40.00 X 117871 0 7347 JULIE BIANCHI HEAD OF MIDDLE SCHOOL 40.00 X 126837 0 10951 1050540 0 198892 11 0 1 0 WILLIS A SMITH 5001 LAKEWOOD RANCH BLVD N SARASOTA FL 34240 CONSTRUCTION 553537 HELLAS CONSTRUCTION 12710 RESEARCH BLVD STE 240 AUSTIN TX 78759 TRACK INSTALLATION 155853 2 4524163 1554257 4524163 TUITION 611600 17514255 17514255 AUXILIARY PROGRAMS 611600 436803 436803 17951058 1722538 1722538 80050 0 80050 80050 80050 4887305 5175176 127761 -287871 -127761 -415632 -415632 OTHER 611600 574876 574876 FEES 611600 34200 34200 609076 24471253 18560134 80050 1306906 X 1675604 1675604 1917801 1056013 766538 95250 7489187 7358923 130264 553370 460680 79714 12976 1513535 1419400 68493 25642 718210 642468 58524 17218 3250 3250 38170 38170 119370 119370 1494919 1456247 33397 5275 633596 633596 2285115 2222804 62311 74060 59153 14907 UNRELATED BUSINESS INCO 18009 18009 INSTRUCTION/SCHOOL ACTI 778297 778297 GENERAL INSTITUTIONAL 664769 569429 71644 23696 BANK CHARGES AND FEES 249027 234848 14179 462985 228524 234461 20689274 18956776 1173537 558961 4715305 6685809 10865 10866 2226097 2525386 41024 20284 6651 5311 306804 214953 49496377 19578182 30267093 29918195 24341351 24386020 63612 30588 486013 4749488 62464815 68546900 2010697 2331963 2663682 2355979 19976879 22815728 1661807 3610800 26313065 31114470 X 34775416 35632611 1376334 1799819 36151750 37432430 62464815 68546900 X 3781979 -552305 -1948994 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 115999 115999 115999 115999 115999 115999 115999 115999 115999 115999 1.00000 0 0 8923810 8923810 33937427 14714534 19222893 2493649 1966039 527610 4141491 2897609 1243882 29918195 DEPOSITS 745 CONSTRUCTION IN PROGRESS 4748743 4749488 INTEREST RATE SWAP 3610800 3610800 X 24046709 -552305 -552305 24599014 -127761 -127761 24471253 20817035 127761 127761 20689274 0 20689274 PART V, LINE 4: TO PROVIDE FUTURE FINANCIAL STABILITY FOR THE SCHOOL. PART X, LINE 2: OUT-OF-DOOR ACADEMY OF SARASOTA, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAX UNDER CHAPTER 220.13 OF THE FLORIDA STATUTES. THE SCHOOL CONSIDERS ITEMS THAT MAY BE SUBJECT TO TAX AS UNRELATED TRADE OR BUSINESS INCOME EACH YEAR AND FILES THE APPROPRIATE EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN. THE ITEM PRIMARILY SUBJECT TO SUCH CONSIDERATION WAS THE CELL TOWER LEASE AGREEMENT. THE AMOUNT OF TAX RELATED TO UNRELATED TRADE OR BUSINESS INCOME WAS $18,099 IN 2020. THE SCHOOL HAS ADOPTED GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS. MANAGEMENT BELIEVES THE SCHOOL HAS NO MATERIAL UNRECOGNIZED INCOME TAX LIABILITIES, INCLUDING ANY POTENTIAL LOSS OF ITS TAX EXEMPT STATUS. THE SCHOOL HAS NO ONGOING FEDERAL, STATE OR LOCAL TAX AUDITS; HOWEVER, THE SCHOOL'S TAX RETURNS FOR THE THREE PREVIOUS FISCAL YEARS REMAIN OPEN TO EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FA DISPOSALS -127,761. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON FA DISPOSALS 127,761. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATION POLICY IS INCLUDED IN THE ORGANIZATIONS ADMISSION MATERIALS. 1 FINANCIAL ASSISTANCE 137 1675604 PART I, LINE 2: FINANCIAL ASSISTANCE IS AWARDED BASED ON NEED. FAMILIES ARE REQUIRED TO COMPLETE THE FOLLOWING APPLICATION COMPONENTS: 1) INCOME TAX RETURN WITH W-2 FORMS 2) SSS PARENT FINANCIAL STATEMENT (PFS) 3) OUT-OF-DOOR SUPPLEMENTARY FINANCIAL ASSISTANCE FORM (SFAF) THE PFS IS A THIRD PARTY FORM WHICH COLLECTS FINANCIAL DATA, USED IN PART, TO DETERMINE FINANCIAL ASSISTANCE ELIGIBILITY. THE PFS USES A MULTITUDE OF FINANCIAL FACTORS THAT INCLUDE FAMILY INCOME, ASSETS, LIABILITIES, AGE OF PARENTS AND EXTRAORDINARY EXPENSES. THE COMBINATION OF RESULTS FROM THE PFS AND SFAF ARE USED TO DETERMINE NEED. A FINAL AWARD IS DETERMINED BY THE OUT-OF-DOOR FINANCIAL ASSISTANCE COMMITTEE. ADDITIONALLY, FULL-TIME FACULTY AND STAFF EMPLOYED PRIOR TO JANUARY 14, 2016 ARE ELIGIBLE FOR TUITION REMISSION, AN EMPLOYEE BENEFIT. THIS DISCOUNT IS PROVIDED AT A LEVEL OF 50% TO 75% DEPENDING UPON HIRE DATE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ANGEL R CAPPAR CFO 154962 0 0 0 0 0 0 0 41184 0 196146 0 0 0 DAVID V MAHLER HEAD OF SCHOOL 412844 0 0 0 0 0 25000 0 63220 0 501064 0 0 0 CHRISTOPHER CHESLEY HEAD OF UPPER SCHOOL 117462 0 0 0 0 0 0 0 39750 0 157212 0 0 0 PART I, LINE 1A THE ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT INCLUDES AN ANNUAL TRAVEL ALLOWANCE AND AN ANNUAL VEHICLE EXPENSE FOR THE HEAD OF THE SCHOOL AND HIS FAMILY. DURING THE 2019/20 FISCAL YEAR, THE AMOUNTS EXPENSED TOTALED $8,500. THE HEAD OF THE SCHOOL'S WIFE IS ALSO EXPECTED TO PARTICIPATE IN CERTAIN PROFESSIONAL GROWTH OPPORTUNITIES THAT MAY INVOLVE TRAVEL EXPENSE. NONE OF THESE BENEFITS ARE TAXABLE COMPENSATION TO THE EMPLOYEE. A SARASOTA COUNTY FL INDUSTRIAL DEVELOPMENT REVENUE NOTE 2018A 593270584 2018-07-19 17250000 REFIN. 2013 BONDS 0 0 0 B SARASOTA COUNTY FL INDUSTRIAL DEVELOPMENT REVENUE NOTE 2018B 593270584 2018-07-19 6500000 RENOV. & CONSTR. 0 0 0 A 17250000 185685 17064315 1 0 1 1 B 6500000 6400831 99169 2020 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SUNTRUST 3.220000000000 0 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SARASOTA COUNTY, FL INDUSTRIAL DEVELOPMENT REVENUE NOTE 2018A DATE THE REBATE COMPUTATION WAS PERFORMED: 10/06/2020 ISSUER NAME: SARASOTA COUNTY, FL INDUSTRIAL DEVELOPMENT REVENUE NOTE 2018B DATE THE REBATE COMPUTATION WAS PERFORMED: 10/06/2020 ELIZABETH MAHLER FAMILY MEMBER 21000 IND. CONTR. 0 X 12 1431176 FMV X AUCTION ITEMS 97 75650 FMV X MISC. 42 47252 FMV X GIFT CARD 2 180 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES LARRY FOX AND FRED COCHRAN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - FORM 990 IS REVIEWED BY THE CFO AND DISCUSSED WITH THE FINANCE COMMITTEE. THE 990 IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION PRIOR TO FINALIZATION AND SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CURRENT POLICY COVERS ALL TRUSTEES. THE EXECUTIVE COMMITTEE MAKES THE DETERMINATION OF WHETHER A REPORTED TRUSTEE CONFLICT WOULD BE DETRIMENTAL TO A PERSON'S CONTINUED SERVICE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 BENCHMARKING DATA FROM INDEX, NAIS AND FCIS ARE USED TO DETERMINE APPROPRIATE COMPENSATION FOR ALL EMPLOYEES. IN ADDITION TO THIS BENCHMARKING DATA, THE BOARD CHAIR AND EXECUTIVE COMMITTEE ARE INVOLVED IN DETERMINING THE COMPENSATION PLAN FOR THE HEAD OF THE SCHOOL. TOP MANAGEMENT COMPENSATION PLANS ARE DETERMINED BY THE HEAD OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ORIGINAL ARTICLES OF INCORPORATION AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES OF THE ORGANIZATION'S TAX RETURNS, WHICH INCLUDES ITS FINANCIAL STATEMENTS, CAN BE FOUND AT WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 24E BAD DEBT: PROGRAM SERVICE EXPENSES 102,986. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 115,023. TOTAL EXPENSES 218,009. AUXILIARY SERVICES: PROGRAM SERVICE EXPENSES 125,538. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,538. DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 119,438. TOTAL EXPENSES 119,438. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -1,948,994. FORM 990, PART XII, LINE 2C NO CHANGES TO THE PROCESS.