AMERICAN SCHOOL OF CORRESPONDENCE: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
AMERICAN SCHOOL OF CORRESPONDENCE (EIN 36-2167722)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-12-17
IRS object ID
202043529349300509
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-12-17T09:45:45-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362658780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MUELLER & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11707 N RANDALL RD STE 200AddressLine1Txt
CityELGINCityNm
State AbbreviationILStateAbbreviationCd
ZIP60123ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362167722EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN SCHOOL OF CORRESPONDENCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone7084182800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12200 E 170TH STAddressLine1Txt
CityLANSINGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60438ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVALERIE J RILEYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7084182800PhoneNum
Signature2020-12-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGREGORY F KASHPreparerPersonNm
PTINP00161547PTIN
Phone8478888600PhoneNum
Preparation2020-12-14PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerVALERIE J RILEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12200 E 170TH STAddressLine1Txt
CityLANSINGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60438ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,497,357GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.AMERICANSCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1897FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionPROVIDE A MIDDLE SCHOOL AND HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD AT A REASONABLE COST TO STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee131TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$433,009CYContributionsGrantsAmt
PY Program Service Revenue$5,994,375PYProgramServiceRevenueAmt
CY Program Service Revenue$5,409,220CYProgramServiceRevenueAmt
PY Investment Income$1,933,957PYInvestmentIncomeAmt
CY Investment Income$367,495CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$7,928,332PYTotalRevenueAmt
CY Total Revenue$6,209,724CYTotalRevenueAmt
PY Grants And Similar Paid$23,269PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$12,471CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,464,309PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,205,770CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,059,959PYOtherExpensesAmt
CY Other Expenses$3,038,659CYOtherExpensesAmt
PY Total Expenses$6,547,537PYTotalExpensesAmt
CY Total Expenses$6,256,900CYTotalExpensesAmt
PY Revenues Less Expenses$1,380,795PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$47,176CYRevenuesLessExpensesAmt
Total Assets BOY$13,781,679TotalAssetsBOYAmt
Total Assets EOY$12,608,817TotalAssetsEOYAmt
Total Liabilities BOY$4,776,710TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,470,273TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,004,969NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,138,544NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE AMERICAN SCHOOL, A NOT FOR PROFIT DISTANCE LEARNING INSTITUTION UTILIZING THE HOME STUDY METHOD, IS DEDICATED TO PROVIDING QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO THOSE STUDENTS WHO ARE SEEKING AN ALTERNATIVE MEANS OF COMPLETING THEIR HIGH SCHOOL EDUCATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,796,641ExpenseAmt
Grant$12,471GrantAmt
Revenue$4,852,171RevenueAmt
DescEDUCATIONAL SERVICES: PROVIDE QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO STUDENTS SEEKING TO COMPLETE A HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD.Desc
Total Program Service Expenses$4,796,641TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee131EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAROL ROGERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7084182810PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12200 E 170TH STREETAddressLine1Txt
CityLANSINGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60438ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ROBERTA R ALLEN
TRUSTEE1.00Yes (X)$15,344$0$0
LESLIE BALLARD
FORMER TRUSTEE1.00Yes (X)$0$0$0
DR JOHN KEMP
TRUSTEE1.00Yes (X)$0$0$0
CHER TUFLY
FORMER TRUSTEE1.00Yes (X)$0$0$0
GARY MASTERTON
TRUSTEE1.00Yes (X)$20,000$0$0
VALERIE RILEY
PRESIDENT37.50$95,000$0$2,280Yes (X)
JEFFREY COX
EXECUTIVE VICE PRESIDENT37.50$82,708$0$0Yes (X)
CAROL ROGERS CPA
CFO24.00$33,118$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$246,170TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$2,280TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PSIBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1956 S BARLETT RD SUITE 191AddressLine1Txt
CityBARTLETTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60103ZIPCd
FieldValueIRS element (for citing)
ServicesIT SUPPORTServicesDesc
Compensation$114,928CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$433,009GovernmentGrantsAmt
Total Contributions$433,009TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TRAINING COURSES900099$5,285,964$5,285,964
OTHER STUDENT SERVICES900099$123,256$123,256
FieldValueIRS element (for citing)
Total Program Service Revenue$5,409,220TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$309,924TotalRevenueColumnAmt
Exclusion$309,924ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,345,204SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,287,633SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$57,571SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$57,571TotalRevenueColumnAmt
Exclusion$57,571ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,209,724TotalRevenueColumnAmt
Related Or Exempt Func Income$5,409,220RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$367,495ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$12,471TotalAmt
Program Services$12,471ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$35,344TotalAmt
Program Services$25,030ProgramServicesAmt
Management And General$10,314ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,170,426TotalAmt
Program Services$2,245,235ProgramServicesAmt
Management And General$925,191ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$44,273TotalAmt
Management And General$44,273ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$271,357TotalAmt
Program Services$73,158ProgramServicesAmt
Management And General$198,199ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$50,042TotalAmt
Program Services$50ProgramServicesAmt
Management And General$49,992ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$53,683TotalAmt
Program Services$42,010ProgramServicesAmt
Management And General$11,673ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$60,484TotalAmt
Program Services$47,333ProgramServicesAmt
Management And General$13,151ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EDUCATION MATERIALS$1,106,398$1,077,694$28,704
DISCOUNT AND PROVISION$544,578$544,578$0
SOTWARE AND LICENSES$357,225$339,580$17,645
SHIPPING AND RECEIVING$249,104$222,597$26,507

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$301,515TotalAmt
Program Services$166,905ProgramServicesAmt
Management And General$134,610ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,256,900TotalAmt
Program Services$4,796,641ProgramServicesAmt
Management And General$1,460,259ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$47,296BOYAmt
EOY$433,293EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,350,993BOYAmt
EOY$1,228,686EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,133,645BOYAmt
EOY$866,509EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$253,430BOYAmt
EOY$79,487EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,131,906LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,495,279LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$575,195BOYAmt
EOY$636,627EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$10,421,120BOYAmt
EOY$9,364,215EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$13,781,679BOYAmt
EOY$12,608,817EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$394,052BOYAmt
EOY$390,716EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$4,291,627BOYAmt
EOY$2,826,495EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$91,031BOYAmt
EOY$253,062EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,776,710BOYAmt
EOY$3,470,273EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,704,969BOYAmt
EOY$7,838,544EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,300,000BOYAmt
EOY$1,300,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,004,969BOYAmt
EOY$9,138,544EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,781,679BOYAmt
EOY$12,608,817EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$47,176ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$180,751NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,300,000BeginningYearBalanceAmt
Investment Earnings Or Losses$66,227InvestmentEarningsOrLossesAmt
Other Expenditures$66,227OtherExpendituresAmt
End Year Balance$1,300,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,300,000BeginningYearBalanceAmt
Investment Earnings Or Losses$85,812InvestmentEarningsOrLossesAmt
Other Expenditures$85,812OtherExpendituresAmt
End Year Balance$1,300,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,300,000BeginningYearBalanceAmt
Investment Earnings Or Losses$85,306InvestmentEarningsOrLossesAmt
Other Expenditures$85,306OtherExpendituresAmt
End Year Balance$1,300,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,258,167BeginningYearBalanceAmt
Investment Earnings Or Losses$154,286InvestmentEarningsOrLossesAmt
Other Expenditures$112,453OtherExpendituresAmt
End Year Balance$1,300,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,300,000BeginningYearBalanceAmt
Investment Earnings Or Losses-$41,833InvestmentEarningsOrLossesAmt
End Year Balance$1,258,167EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$225,000OtherCostOrOtherBasisAmt
Book Value$225,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,682,553OtherCostOrOtherBasisAmt
Depreciation$2,319,648DepreciationAmt
Book Value$362,905BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$224,353OtherCostOrOtherBasisAmt
Depreciation$175,631DepreciationAmt
Book Value$48,722BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$636,627TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
SCHOLARSHIP AWARDS PAYABLE$21,224
DEFERRED LEASE INCENTIVE$44,160
REFUNDABLE ADVANCE$187,678
FieldValueIRS element (for citing)
Total Liability$253,062TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$5,789,153TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$180,751NetUnrealizedGainsInvstAmt
Revenue Not Reported$180,751RevenueNotReportedAmt
Revenue Subtotal$5,608,402RevenueSubtotalAmt
Other Revenues Not Included$601,322OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$601,322RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,209,724TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,655,578TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$5,655,578ExpensesSubtotalAmt
Other Expenses Not Included$601,322OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$601,322ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,256,900TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE ENDOWMENT IS USED FOR GENERAL SCHOOL OPERATIONS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:DISCOUNT AND PROVISION FOR CANCELLATION 544,578. SCHOLARSHIPS 12,471. INVESTMENT FEES 44,273.
PART XII, LINE 4B - OTHER ADJUSTMENTS:DISCOUNT AND PROVISION FOR CANCELLATION 544,578. SCHOLARSHIPS 12,471. INVESTMENT FEES 44,273.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationORGANIZATIONS NONDISCRIMINATORY POLICY IS DESCRIBED IN A SCHOOL BULLETIN WHICH IS DISTRIBUTED TO ALL STUDENTS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient13RecipientCnt
Cash Grant$12,471CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFORMER GRADUATES APPLY FOR THE SCHOLARSHIP BY WRITING A TWO PAGE SYNOPSIS STATING WHY THEY BELIEVE THEY SHOULD BE AWARDED THE SCHOLARSHIP. A SELECTION COMMITTEE THEN REVIEWS ALL OF THE APPLICATIONS AND CHOOSES THE RECIPIENTS. THE SCHOLARSHIPS ARE THEN PAID DIRECTLY TO THE RECIPIENT'S SCHOOL OR PAID TO THE RECIPIENT FOR TUITION THROUGH A REIMBURSEMENT PROCESS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6FULL TIME EMPLOYEES OF THE SCHOOL MAY BE MEMBERS OF THE CORPORATION IN ADDITION TO MEMBERS OF THE BOARD OF TRUSTEES. MEMBERS ARE SELECTED BY INVITATION OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS OF THE CORPORATION MAY SUBMIT NOMINATIONS FOR MEMBERS OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE CORPORATION AT A DULY CALLED MEETING MAY OVERRULE BY THREE-FOURTHS VOTE THE ACTION OF THE BOARD OF TRUSTEES IN APPROVING OR REMOVING A MEMBER.
FORM 990, PART VI, SECTION B, LINE 11B990 IS REVIEWED BY THE FINANCE COMMITTEE AND MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CEACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS AMERICAN SCHOOL IS A NON-PROFIT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION REVIEW OF CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT IS PERFORMED BY THE THE BOARD OF TRUSTEE. THE COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES IS PERFORMED BY THE THE BOARD OF TRUSTEE, CFO, AND PRESIDENT.
FORM 990, PART VI, SECTION C, LINE 19AVAILABLE UPON REQUEST
FORM 990, PART XII, LINE 2C:NO CHANGE FROM PRIOR YEAR.

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