2021-05-17T12:13:18-05:00 2020-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR ROAD SUITE 302 MILWAUKEE WI 532263255 990 2019-07-01 391926815 EASTBROOK ACADEMY INC EAST 4142287905 5375 NORTH GREEN BAY AVENUE MILWAUKEE WI 53209 FREDRICK PIERCE SR HEAD OF SCHOOL 4142287905 2021-05-12 1 DAVID A GROTKIN P00240470 4142717800 2019 2022-09-23 18:48:47Z FREDRICK PIERCE SR 5375 NORTH GREEN BAY AVENUE MILWAUKEE WI 53209 3197068 0 X WWW.EASTBROOKACADEMY.ORG X 1998 WI EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN FOR COLLEGE PREPARATION AND LIFE. THE ACADEMY IS FOUNDED TO IMPART A RIGOROUS CLASSICAL EDUCATION IN A LOVING ENVIRONMENT COMMITTED TO CHRISTIAN LIVING. 9 9 70 25 0 0 2073806 2399604 968716 733584 45844 18434 5954 17759 3094320 3169381 0 98082 0 0 1928294 2061750 0 0 46297 921579 882231 2849873 3042063 244447 127318 949786 1459376 15646 408776 934140 1050600 X EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN FOR COLLEGE PREPARATION AND LIFE. THE ACADEMY IS FOUNDED TO IMPART A RIGOROUS CLASSICAL EDUCATION IN A LOVING ENVIRONMENT COMMITTED TO CHRISTIAN LIVING. 0 0 2714032 98082 735416 OPERATION OF A PRIVATE SCHOOL OFFERING PROGRAMS TO 4-YEAR-OLDS THROUGH 12TH GRADE DURING THE YEAR ENDED JUNE 30, 2020. THE SCHOOL SERVED APPROXIMATELY 330 STUDENTS DURING THE YEAR. 2714032 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 70 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X FREDRICK PIERCE SR 4142287905 5375 N GREEN BAY AVENUE MILWAUKEE WI 532095005 KIM SOMENSKE BOARD CHAIR 1.00 X X 0 0 0 BRYAN BROWNING TREASURER 1.00 X X 0 0 0 GEORGE LOXTON VICE CHAIR 1.00 X X 0 0 0 ANNE OSTERWIND DIRECTOR 1.00 X 0 0 0 COLIN JACOBS DIRECTOR 1.00 X 0 0 0 MATTHEW BUEROSSE DIRECTOR 1.00 X 0 0 0 TAWNYA GANFIELD DIRECTOR 1.00 X 0 0 0 RANDY MEHL DIRECTOR 1.00 X 0 0 0 LISA BUETHE SECRETARY AND EASTBROOK CHURCH REP 1.00 X 0 0 0 FREDRICK PIERCE HEAD OF SCHOOL 40.00 X 59325 0 1357 MICHAEL MAXSON HEAD OF SCHOOL 40.00 X 102433 0 2290 161758 0 3647 1 1 0 0 0 67994 1859879 471731 9607 2399604 TUITION 611710 628533 628533 MILK & MEAL PURCHASES 900099 83638 83638 PROGRAM FEES 900099 21413 21413 733584 4501 4501 13933 0 13933 13933 13933 43614 67994 27687 15927 15927 OTHER INCOME 900099 1832 1832 1832 3169381 735416 0 34361 98082 98082 96993 67895 24248 4850 1707724 1490591 183728 33405 20997 18687 2100 210 105670 94046 10567 1057 130366 116025 13037 1304 41325 41325 3944 3944 6573 6573 7020 3440 3580 54622 49193 5314 115 54296 53775 521 415968 386850 29118 3121 2809 312 33208 30883 2325 29724 27643 2081 SUPPLIES 88829 82614 4439 1776 FOOD SERVICE 88757 88757 STUDENT ACTIVITIES 46844 46844 MISCELLANEOUS EXPENSE 8000 8000 3042063 2714032 281734 46297 312009 850176 17766 22933 18757 18757 16661 7913 34089 52657 494225 365039 162394 129186 388110 377754 949786 1459376 3926 28046 11720 5830 374900 15646 408776 X 600681 710956 333459 339644 934140 1050600 949786 1459376 127318 -10858 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 190590 303106 5396 5408 100000 3057 390627 186546 81141 -74884 2213 190590 267083 19463 100000 186546 244232 22851 267083 446160 55028 -6906 250000 50 244232 0.23250 0.76750 1 0 315490 190400 125090 178735 174639 4096 129186 X 3061297 -10858 -98082 -108940 3170237 3944 -4800 -856 3169381 2944837 4800 4800 2940037 3944 98082 102026 3042063 PART V, LINE 4: THE FUND IS INVESTED FOR GROWTH. ONCE THE FUND IS LARGER, INCOME WILL BE USED TO SUPPORT OPERATING EXPENSES OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE SCHOOL IS NOT CONSIDERED A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. MANAGEMENT OF THE SCHOOL EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. IN MANAGEMENT'S OPINION, THE SCHOOL HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT REPORTED A CORRESPONDING LIABILITY IN THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANT EXPENSE -98,082. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -4,800. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 4,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE 98,082. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EASTBROOK ACADEMY PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY IN THE HANDBOOK, THE FREE AND REDUCED LUNCH APPLICATIONS, AND IN THE DIRECT VERIFICATION FOR FREE AND REDUCED LUNCH APPLICATIONS. EASTBROOK ACADEMY ALSO PUBLISHES ITS NONDISCRIMINATORY POLICY ON EVERY STUDENT APPLICATION AND ON ITS WEBPAGE, BUT DOES NOT PRINT THE POLICY ON EVERY PIECE OF ADMISSIONS MATERIAL. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION PARTICIPATES IN THE MILWAUKEE PARENTAL CHOICE PROGRAM AND THE WISCONSIN PARENTAL CHOICE PROGRAM ADMINISTERED BY THE WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION. THE PROGRAM PROVIDES SUPPORT IN THE FORM OF A TUITION VOUCHER TO LOW AND MODERATE INCOME FAMILIES THAT ENROLL THEIR CHILDREN IN THE SCHOOL. SILENT AUCTION 87494 67994 19500 15005 3100 9 24114 24114 9582 111608 67994 43614 15005 12682 27687 15927 0 TUITION GRANTS 36 98082 FMV FINANCIAL AWARDS TOWARDS TUITION 0 0 0 0 0 0 0 0 0 MICHAEL MAXSON HEAD OF SCHOOL 102433 0 0 0 0 0 2049 0 241 0 104723 0 0 0 KIM SOMENSKE BOARD MEMBER 1620 FINANCIAL AID FOR TUITION TUITION ASSISTANCE FOR CHILDREN TO ATTEND THE SCHOOL ANNE OSTERWIND BOARD MEMBER 1575 FINANCIAL AID FOR TUITION TUITION ASSISTANCE FOR CHILDREN TO ATTEND THE SCHOOL MATTHEW BUEROSSE BOARD MEMBER 3050 FINANCIAL AID FOR TUITION TUITION ASSISTANCE FOR CHILDREN TO ATTEND THE SCHOOL TAWNYA GANFIELD BOARD MEMBER 1525 FINANCIAL AID FOR TUITION TUITION ASSISTANCE FOR CHILDREN TO ATTEND THE SCHOOL KIM SOMENSKE BOARD MEMBER 6480 PAYS FOR CHILDREN TO ATTEND SCHOOL 0 ANNE OSTERWIND BOARD MEMBER 6068 PAYS FOR CHILDREN TO ATTEND SCHOOL 0 MATTHEW BUEROSSE BOARD MEMBER 10548 PAYS FOR CHILDREN TO ATTEND SCHOOL 0 TAWNYA GANFIELD BOARD MEMBER 4774 PAYS FOR CHILDREN TO ATTEND SCHOOL 0 FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE BOARD IN OFFICE, FROM TIME TO TIME. ONE OF THE DIRECTORS SHALL BE NAMED TO THE BOARD OF DIRECTORS BY THE COUNCIL (BOARD OF DIRECTORS) OF EASTBROOK CHURCH INC., A WISCONSIN CORPORATION. THIS NAMED DIRECTOR SHALL SERVE AS A FULL VOTING MEMBER OF THE BOARD UNTIL HIS/HER SUCCESSOR IS NAMED BY THE COUNCIL OF EASTBROOK CHURCH. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS HAS A FORMAL DISCUSSION ANNUALLY REGARDING THE CONFLICT OF INTEREST POLICY. IN ADDITION, THE ISSUE IS REGULARLY MONITORED AND DISCUSSED AMONG BOARD MEMBERS AND SCHOOL HEADS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATED THE HEAD OF SCHOOL AND RECOMMENDED AN APPROPRIATE MERIT INCREASE. THE HEAD OF SCHOOL AND CHAIR OF THE BOARD EVALUATED THE PERFORMANCE OF THE OTHER HEADS AND APPROVED MERIT INCREASES. FORM 990, PART VI, SECTION C, LINE 19 HELD AT THE MAIN OFFICE AND AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: EASTBROOK ACADEMY'S OVERSIGHT IS CONSISTANT WITH PRIOR YEARS. EASTBROOK CHURCH INC 5353 N GREEN BAY AVE MILWAUKEE WI 53209 391364853 CHURCH WI 501(C)(3) LINE 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 EASTBROOK CHURCH C 350000 EASTBROOK CHURCH K 350000 EASTBROOK CHURCH P 25000