2021-05-12T11:56:01-05:00 2020-06-30 560574444 CHERRY BEKAERT LLP 401 EAST JACKSON ST SUITE 1200 TAMPA FL 33602 990 2019-07-01 591282306 CORBETT PREPARATORY SCHOOL OF IDS INC CORB 8139613087 12015 ORANGE GROVE DRIVE TAMPA FL 33618 NICHOLAS BRYAN RODRIGUEZ HEAD OF SCHOOL 8139613087 2021-05-10 1 AMANDA ADAMS P00748038 8132511010 2019 2022-09-23 18:48:47Z NICHOLAS BRYAN RODRIGUEZ 12015 ORANGE GROVE DRIVE TAMPA FL 33618 11947205 0 X WWW.CORBETTPREP.COM X 1968 FL THE SCHOOL IS A FULLY-ACCREDITED, PRIVATE SCHOOL LOCATED IN TAMPA, FLORIDA. THE SCHOOL SERVES OVER 500 STUDENTS FROM PRE-KINDERGARTEN THROUGH MIDDLE SCHOOL AND OFFERS AN INTERNATIONAL BACCALAUREATE PROGRAM OF STUDY FOR ALL STUDENTS. 18 18 248 20 0 0 2912682 1760053 9683321 9778553 11526 63527 92568 183772 12700097 11785905 772139 774239 0 0 6374278 6728948 16664 0 73663 3363671 3133595 10526752 10636782 2173345 1149123 19560993 21419205 4804939 5497041 14756054 15922164 THE SCHOOL'S MISSION IS TO CREATE A PLACE WHERE ALL CHILDREN EXCEL IN BOTH LEARNING AND THEIR LOVE OF LEARNING AND A PLACE WHERE ALL CHILDREN EXPERIENCE LEARNING IN A NURTURING/CARING, CHILD-CENTERED AND HIGHLY ACADEMIC ENVIRONMENT. 0 0 7384272 774239 9778553 CORBETT PREPARATORY SCHOOL OF IDS IS A PRIVATE EDUCATIONAL INSTITUTION FOR GRADES PRE-KINDERGARTEN THROUGH EIGHTH. WHILE ENROLLMENT VARIES, THE SCHOOL HAS APPROXIMATELY 500 STUDENTS. 7384272 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 12 0 1 248 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X REINALDO CINTRON 8139613087 12015 ORANGE GROVE DRIVE TAMPA FL 33618 JEFF SHANNON PRESIDENT 1.00 X X 0 0 0 HEATHER CERESOLI TREASURER 1.00 X X 0 0 0 DR STEPHANIE CAREY SECRETARY 1.00 X X 0 0 0 DAVID BELLINI BOARD MEMBER 1.00 X 0 0 0 MICHELLE BLUME BOARD MEMBER 1.00 X 0 0 0 JIM CLARK BOARD MEMBER 1.00 X 0 0 0 CORNELIA CORBETT BOARD MEMBER 1.00 X 0 0 0 BRUCE DAVIES BOARD MEMBER 1.00 X 0 0 0 CINDY DONOVAN BOARD MEMBER 1.00 X 0 0 0 DR BETTY EPANCHIN BOARD MEMBER 1.00 X 0 0 0 BROOKE SOILEAU-HENNING BOARD MEMBER 1.00 X 0 0 0 MARCIE MUELLER BOARD MEMBER 1.00 X 0 0 0 DR BALAJI PADMANABHAN BOARD MEMBER 1.00 X 0 0 0 DONNA ROCCO BOARD MEMBER 1.00 X 0 0 0 SCOTT ROTHSTEIN BOARD MEMBER 1.00 X 0 0 0 STUART SIERRA BOARD MEMBER 1.00 X 0 0 0 DR KAROLYN SNYDER BOARD MEMBER 1.00 X 0 0 0 JOHN TOMLIN BOARD MEMBER 1.00 X 0 0 0 DR JOYCE BURICK SWARZMAN HEADMASTER 40.00 X 211603 0 4600 211603 0 4600 1 0 1 0 0 71016 1689037 1760053 TUITION & FEES 900099 8975255 8975255 CLASS TRIPS 900099 331134 331134 MEAL ACTIVITIES 900099 178047 178047 COMMUNITY MUSIC SCHOOL 900099 164565 164565 ATHLETICS & CLUBS 900099 129552 129552 9778553 52793 52793 21956 0 21956 21956 21956 10734 0 10734 10734 10734 273942 71016 120977 152965 152965 49174 40323 8851 8851 11785905 9778553 0 247299 774239 774239 216203 167012 49191 5511927 4257836 1254091 577508 446112 131396 423310 326997 96313 1225 1225 30557 30557 193308 193308 117166 40930 76236 300187 104866 195321 117942 41201 76741 157168 54904 102264 7426 1976 5450 53915 53915 433852 433852 229989 80343 149646 SCHOOL PROGRAM EXPENSES 410579 410579 REPAIRS & MAINTENANCE 235688 82334 153354 VOLUNTEER/CLASSROOM EXP 149874 149874 EDUCATIONAL MATERIALS 145956 145956 548763 299113 175987 73663 10636782 7384272 3178847 73663 2339361 2832210 3264144 2858266 60000 27500 193268 319528 32874 31839 23267488 9731540 13523406 13535948 147940 1813914 19560993 21419205 704401 722951 2867533 2308382 1233005 1142576 1323132 4804939 5497041 X 12339301 12498851 2416753 3423313 14756054 15922164 19560993 21419205 1149123 16987 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1537517 1000700 56282 2594499 30000 1506000 1514 1537517 30000 30000 1.00000 1 0 8063643 8063643 11672765 6922306 4750459 3506450 2809234 697216 24630 24630 13535948 11201953 16987 12000 -774239 -745252 11947205 -161300 -161300 11785905 10035843 12000 161300 173300 9862543 774239 774239 10636782 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE FOR THE SUSTAINABILITY OF THE SCHOOL. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION REDUCTION -774,239. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -120,977. COST OF GOODS SOLD -40,323. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 120,977. COST OF GOODS SOLD 40,323. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTION 774,239. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED IN THE "TAMPA TRIBUNE" ON AN ANNUAL BASIS. SCHEDULE E, PART I, LINE 6 IN APRIL 2020, THE SCHOOL RECEIVED $1,323,132 OF LOAN PROCEEDS FROM A LOAN FUNDED UNDER THE PAYCHECK PROTECTION PROGRAM AS PART OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), WHICH WAS ENACTED BY THE U.S. CONGRESS IN RESPONSE TO THE NOVEL CORONAVIRUS ("COVID-19") PANDEMIC. THE LOAN BEARS INTEREST AT A RATE OF 1% PER ANNUM AND MATURES IN APRIL 2022. NO PRINCIPAL OR INTEREST PAYMENTS ARE DUE PRIOR TO SIX MONTHS FOLLOWING THE EXECUTION OF THE LOAN, AT WHICH TIME THE LENDER WILL ESTABLISH REPAYMENT TERMS. THE CURRENTLY ISSUED GUIDELINES OF THE PROGRAM ALLOW FOR THE LOAN PROCEEDS TO BE FORGIVEN IF CERTAIN REQUIREMENTS ARE MET. IF THE SCHOOL IS UNABLE TO OR DOES NOT FOLLOW THOSE GUIDELINES, THE SCHOOL WOULD BE REQUIRED TO REPAY A PORTION OF OR THE ENTIRE BALANCE OF THE LOAN PROCEEDS IN FULL. THE SCHOOL INTENDS TO SUBMIT THE LOAN FORGIVENESS APPLICATION ONCE THE SCHOOL'S FINANCIAL INSTITUTION BEGINS ACCEPTING APPLICATIONS. BIG EVENT 128480 38544 89936 5000 14674 24986 2043 6229 GOLF TOURNAMENT 216478 32472 184006 15607 16552 25810 10076 344958 71016 273942 5000 30281 41538 27853 16305 120977 152965 1 TUITION ASSISTANCE 60 774239 BOOK TUITION REDUCTION PART I, LINE 2: FINANCIAL AID AWARDS ARE ADMINISTERED BY THE SCHOOL USING INFORMATION OBTAINED THROUGH APPLICATIONS MADE VIA NAIS AND ARE USED TO OFFSET CHARGES TO STUDENT ACCOUNTS. NO EXCHANGE OF FUNDS EVER TAKES PLACE SO NO MONITORING OF GRANT AWARDS AFTER INITIAL QUALIFICATION IS DEEMED NECESSARY. X X X X 0 0 0 0 0 0 0 0 0 DR JOYCE BURICK SWARZMAN HEADMASTER 211603 0 0 0 0 0 0 0 0 0 211603 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED A COPY OF THE FORM 990 FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE CHOSEN SPECIFICALLY BECAUSE THEY DO NOT HAVE A CONFLICT OF INTEREST. EACH TRUSTEE SIGNS A STATEMENT PERTAINING TO DISCLOSING ANY CONFLICT OF INTEREST AND IF ANY ARISES, THEN THE BOARD ADDRESSES ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15A THE HEADMASTER IS UNDER A 5-YEAR CONTRACT (WHICH HAS BEEN RENEWED EVERY 5 YEARS SINCE THE HEADMASTER'S TENURE WITH THE ORGANIZATION). THE CHAIRMAN OF THE BOARD MEETS WITH THE HEADMASTER EVERY YEAR TO ASSESS; THE FULL BOARD OF TRUSTEES MEETS WITH THE HEADMASTER FOR A REVIEW OF THE CURRENT YEAR. THE CHAIRMAN OF THE BOARD SETS THE SALARY WITH THE ADVISEMENT FROM THE EXECUTIVE COMMITTEE, BASED ON MARKET CRITERIA. DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. INDEPENDENT DAY SCHOOLHSC LLC 12015 ORANGE GROVE ROAD TAMPA FL 33618 591282306 LAND HOLDING COMPANY FL 0 6448524 CORBETT PREPARATORY SCHOOL OF IDS INC