2021-05-17T15:22:06-05:00 2020-06-30 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2019-07-01 593038365 ADMIRAL FARRAGUT ACADEMY INC ADMI 7273845503 501 PARK STREET NORTH ST PETERSBURG FL 337106743 ROBERT FINE CFO 7273845503 2021-05-17 1 JULIANA KREUL P01204534 3217516200 2021-05-17 2019 2022-09-23 18:48:47Z TAMMY WILLOCKS 501 PARK STREET NORTH ST PETERSBURG FL 337106743 17906273 0 X WWW.FARRAGUT.ORG X 1991 FL TO PROVIDE A COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND SOCIAL DEVELOPMENT WITHIN A DIVERSE COMMUNITY OF YOUNG MEN AND WOMEN. 17 17 149 22 -75480 -75480 1245739 1841145 11242132 15773361 11622 21766 10271 -8027 12509764 17628245 97000 4499445 0 0 7729047 7446758 22226 5237 391385 5246802 4997015 13095075 16948455 -585311 679790 25003980 21987210 20849406 17707167 4154574 4280043 TO PROVIDE A COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND SOCIAL DEVELOPMENT WITHIN A DIVERSE COMMUNITY OF YOUNG MEN AND WOMEN. 0 0 14023975 4499445 15773361 EDUCATE STUDENTS GRADES KINDERGARTEN THROUGH 12 AND PREPARE THEM FOR A HIGHER LEVEL OF EDUCATION. 14023975 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 64 0 1 149 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X TAMMY WILLOCKS 7273845503 501 PARK STREET NORTH ST PETERSBURG FL 337106743 CHRISTIAN WAGNER CHAIRMAN 1.00 1.00 X X 0 0 0 ART MUSICARO VICE CHAIRMAN 1.00 1.00 X X 0 0 0 E GARRETT GUMMER SECRETARY 1.00 0.00 X X 0 0 0 ANDY ALDI BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID ARMS BOARD MEMBER 1.00 0.00 X 0 0 0 ASHLEY PATTERSON BEATY BOARD MEMBER 1.00 1.00 X 0 0 0 GARY DAMKOEHLER BOARD MEMBER 1.00 0.00 X 0 0 0 MIKE HAJEK BOARD MEMBER 1.00 0.00 X 0 0 0 MIKE HARRIS BOARD MEMBER 1.00 0.00 X 0 0 0 KEITH JACOBUS BOARD MEMBER 1.00 0.00 X 0 0 0 MIRELLA JAMES BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE KINEMOND BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM ROBERTI BOARD MEMBER 1.00 0.00 X 0 0 0 DR JEAN-FRANCOIS ROSSIGNOL BOARD MEMBER 1.00 0.00 X 0 0 0 MATTHEW SOKOLOWSKI BOARD MEMBER 1.00 0.00 X 0 0 0 HOLTON BURNS BOARD MEMBER 1.00 0.00 X 0 0 0 LTG WILLIAM LENNOX BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT FINE BOARD MEMBER & HEADMASTER 39.00 1.00 X 222061 0 22763 TOM MCGLINN HEAD OF UPPER SCHOOL 40.00 0.00 X 141674 0 13167 BRIAN CHATTERLEY ANCILLARY SERVICES 40.00 0.00 X 102766 0 10081 TONY SLOAN DEVELOPMENT DIRECTOR 40.00 0.00 X 104050 0 0 570551 0 46011 4 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICES 973545 1 33128 100000 1203900 504117 1841145 TUITION AND FEES 611600 14824840 14824840 AUXILARY REVENUES 611710 736423 736423 STUDENT ACTIVITIES & SERVICES 611710 212098 212098 15773361 21766 21766 13710 101836 -88126 -88126 -75480 -12646 21529 33128 24192 -2663 -2663 234762 152000 82762 82762 17628245 15773361 -75480 89219 4499445 4499445 245155 245155 6215255 4840569 1149061 225625 185552 153717 26856 4979 330330 257854 64125 8351 470466 357122 96092 17252 13103 13103 39580 39580 5237 5237 318466 188426 118996 11044 96219 500 78034 17685 134639 44629 81900 8110 33058 28639 4419 767919 712213 55706 155472 51173 81743 22556 16968 12908 3981 79 386031 369301 16730 586797 557113 29684 431784 413071 18713 FOOD 892254 892254 MISCELLANEOUS 421239 22105 399134 INSTRUCTIONAL 205826 205826 SUBSCRIPTIONS AND MEMBE 139837 130623 5458 3756 357823 286487 4625 66711 16948455 14023975 2533095 391385 3664506 2605775 1760414 838973 45587 148701 171981 148911 92734 28690 24499664 10179411 14500960 14320253 4767798 3895907 25003980 21987210 293910 341632 5814141 3576408 11558495 11419985 3182860 2369142 20849406 17707167 X -520328 239111 4674902 4040932 4154574 4280043 25003980 21987210 679790 -554321 0 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139000 139000 16794691 5147399 11647292 3569240 1766306 1802934 3142101 2876028 266073 854632 389678 464954 14320253 BENEFICIAL INTEREST IN THE AFA FDTN. 3790932 CASH SURRENDER VALUE OF LIFE INSURANCE 104975 3895907 DUE TO FOUNDATION 2153084 STUDENT ACCOUNTS 187153 DUE TO FARRAGUT FAMILY ASSN 28905 2369142 X PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTES. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY FOLLOWS ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2017. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION DOES PARTICIPATE WITH FLORIDA COUNCIL OF INDEPENDENT SCHOOLS "FCIS," THE STATE ACCREDITING BODY, IN A GROUP AD IN THE LOCAL NEWSPAPER WITH OTHER SCHOOLS THAT STATE THE SAME POLICY. THE INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE AND THE ADMISSIONS OFFICE. X X X X X 1 DANIEL BAKER 210 RIVERSIDE DRIVE APT 7C NEW YORK NY 10025 CAPITAL 0 169219 5237 163982 169219 5237 163982 FL AUCTION/GALA 31950 31950 3649 2100 5590 GOLF TOURNAMENT 17882 1178 16704 665 1230 6947 190 1361 1 4825 4825 2460 54657 33128 21529 665 1230 10596 190 2100 9411 24192 -2663 1 SCHOLARSHIPS 311 4499445 PART I, LINE 2: THE ORGANIZATION GRANTS SCHOLARSHIPS TO STUDENTS BASED ON FINANCIAL NEED. X X 0 0 0 0 0 0 0 0 0 ROBERT FINE BOARD MEMBER & HEADMASTER 222061 0 0 0 0 0 15750 0 7344 0 245155 0 0 0 TOM MCGLINN HEAD OF UPPER SCHOOL 141674 0 0 0 0 0 5909 0 29189 0 176772 0 0 0 A PINELLAS COUNTY EDUC FACILITIES AUTH 596000800 NONEAVAIL 2012-11-27 4303634 QUALIFIED 501(C)(3) 0 0 0 B PINELLAS COUNTY EDUC FACILITIES AUTH 596000800 NONEAVAIL 2018-01-31 8300000 QUALIFIED 501(C)(3) 0 0 0 A 4303634 2007 1 0 0 0 B 8300000 1500000 10000 2018 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 A 0 B 1 FORM 990, PART VI, SECTION B, LINE 11B DRAFT IS PRESENTED TO THE CFO FOR REVIEW BEFORE FILING AND IS AVAILABLE TO THE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AND ENFORCES THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL IS REVIEWED AND APPROVED BY BOARD ANNUALLY. COMPENSATION PROCESS FOR OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY BOARD ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH UNDER IRC SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IV, LINE 12A: THE AUDITED FINANCIAL STATEMENTS HAD NOT BEEN ISSUED AT THE TIME OF FILING THIS 990. THE INTENT IS TO OBTAIN THE AUDITED FINANCIAL STATEMENTS ONCE COMPLETE FARRAGUT FOUNDATION PROPERTIES LLC 501 PARK STREET NORTH ST PETERSBURG FL 33710 RENTAL FL AFA FOUNDATION ADMIRAL FARRAGUT ACADEMY FOUNDATION 501 PARK STREET NORTH ST PETERSBURG FL 33710 311506065 SUPPORT FL 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 1 0 0 0 0 0 1 1 0 1 1 0 0 0 0 ADMIRAL FARRAGUT ACADEMY FOUNDATION C 100000 CASH ADMIRAL FARRAGUT ACADEMY FOUNDATION E 2153084 DUE TO FOUNDATION ADMIRAL FARRAGUT ACADEMY FOUNDATION E 8300000 GUARANTEES BOND PAYABLE PART V, LINE 2, ITEMS N AND O: THE ACADEMY PROVIDES EMPLOYEES WHO PROVIDE SERVICES TO THE FOUNDATION, AND THE ACADEMY PROVIDES SPACE FOR USE BY THE FOUNDATION. THE FOUNDATION IS NOT CHARGED FOR THOSE EMPLOYEE SERVICES OR THE SPACE UTILIZED.