2020-06-17T11:01:02-05:00 2019-07-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY ST SUITE 1400 FORT WORTH TX 76102 990 2018-08-01 810661502 THE NEW KEY SCHOOL INC NEWK 8174463738 3947 EAST LOOP 820 SOUTH FORT WORTH TX 761194338 KERRI BENSON EXECUTIVE DIRECTOR 8174463738 2020-06-17 1 MICHAELA J CROMAR CPA P00895728 8178775000 2020-06-15 67.137.57.251 2020-06-17 10:59:45 CD P 183BD33F9EB04AE09B99F3059F5CFBA0CA4EB589 FEA42844FD0EF73EDE40FDAC4A35069D6F6D3B4F 2018 2020-09-23 17:36:50Z KERRI BENSON 3947 EAST LOOP 820 SOUTH FORT WORTH TX 761194338 7112365 0 X WWW.KEYSCHOOLFTWORTH.ORG X 2004 TX OVERCOMING LEARNING DIFFERENCES TO CREATE INDIVIDUALIZED EDUCATIONAL SUCCESS. 12 12 69 25 0 0 1076451 5355368 2049494 1726381 554 14843 -1652 -6024 3124847 7090568 106500 60000 0 0 1645544 1692033 146900 163400 314884 658160 676402 2557104 2591835 567743 4498733 3230982 7384507 1019914 674706 2211068 6709801 NEW KEY SCHOOL IS A FULLY ACCREDITED SPECIAL PURPOSE PRIVATE SCHOOL WHICH EDUCATES STUDENTS WITH SPECIAL LEARNING NEEDS. THE SCHOOL OPERATES A REGULAR NINE MONTH SCHOOL AND A SUMMER PROGRAM. 0 0 1849630 60000 1726381 THE TYPICAL KEY SCHOOL STUDENT IS OF AVERAGE OR ABOVE AVERAGE INTELLIGENCE AND SUFFERS FROM ONE OR MORE LEARNING DIFFERENCES. KEY SCHOOL'S NINE MONTH TERM IS A FULL, RIGOROUS ACADEMIC PROGRAM WITH AN EMPHASIS ON INDIVIDUAL PROGRESSION. OUR AVERAGE 4:1 STUDENT/TEACHER RATIO GIVES OUR STUDENTS THE EDUCATIONAL ADVANTAGE NEEDED TO REACH, AND IN SOME CASES EXCEED, THEIR ACADEMIC GOALS. OUR SUMMER PROGRAM IS DESIGNED FOR STUDENTS ENTERING GRADES KINDERGARTEN - 12 WHO STRUGGLE IN SCHOOL OR THOSE WHO NEED BENEFIT OF GETTING AN ACADEMIC BOOST FROM THE COMING SCHOOL YEAR. 1849630 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 7 0 69 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X MARY MARVIN 8174463738 3947 EAST LOOP 820 SOUTH FORT WORTH TX 761194338 CARLA BRUMLEY BROWN PRESIDENT 20.00 X X 0 0 0 KAY WADE VICE PRESIDENT 1.00 X X 0 0 0 AMY LADD SECRETARY/TREASURER 1.00 X X 0 0 0 KATIE ROBERTS CHAIR OF GOVERNANCE COMMIT 1.00 X X 0 0 0 MELISSA DAVIS CHAIR OF DEVELOPMENT COMMI 1.00 X X 0 0 0 CATHY NEECE BROWN DIRECTOR 5.00 X 0 0 0 KELLY FEIK DIRECTOR 1.00 X 0 0 0 JOHN RICHARDSON MD DIRECTOR 3.00 X 0 0 0 SAM SMART DIRECTOR 1.00 X 0 0 0 ZACH WALKER DIRECTOR 1.00 X 0 0 0 RACHEL FIKSE DIRECTOR 1.00 X 0 0 0 RODNEY LEE DIRECTOR 1.00 X 0 0 0 KERRI BENSON EXECUTIVE DIRECTOR 60.00 X 108583 0 689 108583 0 689 1 0 0 0 0 36984 5318384 278976 5355368 TUITION 611600 1566523 1566523 BOOKS, MEALS & FEES 611710 159858 159858 1726381 14843 14843 15582 36984 21797 -6215 -6215 MISCELLANEOUS INCOME 900099 191 191 191 7090568 1726381 0 8819 60000 60000 108298 10830 48734 48734 1441833 1148224 227767 65842 1291 966 230 95 8748 6990 1372 386 131863 98634 23505 9724 2738 2738 15055 15055 163400 163400 51311 49197 2114 29035 29035 47055 32842 9570 4643 104812 74774 30038 162712 154577 5001 3134 3297 330 824 2143 8148 4889 3259 66278 35842 30436 15849 13472 2219 158 CLASSROOM MATERIALS 49395 49395 STUDENT ACTIVITIES 46840 46840 STRATEGIC PLANNING 24695 24695 FUNDRAISING EXPENSE 14922 14922 34260 8098 24459 1703 2591835 1849630 427321 314884 1459727 1260296 661068 2878557 91778 984917 363325 59805 32242 44438 2078136 331930 212554 1746206 410288 410288 3230982 7384507 42390 70878 676425 406170 212956 156230 88143 41428 1019914 674706 X 1511759 2792449 699309 3917352 2211068 6709801 3230982 7384507 4498733 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 799678 5181997 60000 2004323 3917352 207340 938132 106500 239294 799678 187195 160735 121855 18735 207340 367436 114050 66191 187195 1.00000 0 0 800000 800000 120711 47659 73052 264357 261100 3257 893068 23171 869897 1746206 X 7030568 0 7030568 60000 60000 7090568 2531835 0 2531835 60000 60000 2591835 PART V, LINE 4: TEMPORARILLY RESTRICTED FUNDS ARE LARGELY RESTRICTED FOR SCHOLARSHIPS, SPECIAL PROGRAMS, AND FOR THE CONSTRUCTION OF A NEW FACILITY. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL DID NOT PAY OR INCUR ANY TAX RELATED PENALTIES OR INTEREST DURING THE YEAR ENDED JULY 31, 2019 OR 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 60,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 60,000. 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 NEW KEY SCHOOL INCLUDES ITS NON-DISCRIMINATORY POLICY ON ALL WRITTEN PUBLICATIONS AND BROCHURES, ALL FINANCIAL AID DOCUMENTS AND APPLICATION FORMS, AS WELL AS ON THE SCHOOL'S WEBSITE. X X X X X X 1 MISSION ADVANCEMENT PROFESSIONALS 7850 COLLIN MCKINNEY PARKWAY SUITE MCKINNEY TX 75070 CAPITAL CAMPAIGN CUNSULTANTS 0 0 163400 -163400 163400 -163400 TX GALA 51566 36984 14582 13427 1206 51566 36984 14582 13427 1206 14633 -51 1 FINANICAL AID AND SCHOLARSHIPS 13 60000 PART I, LINE 2: ASSISTANCE PROVIDED AND SCHOLARSHIPS AWARDED REDUCE THE TUITION CHARGED THE STUDENT. MARY ANN KEY FOUNDER OF SCHOOL PURCHASE OF INTANGIBLE ASSETS X 377288 156230 0 1 1 156230 TRACY DAWN BOARD MEMBER 4000 FINANCIAL AID TUITION ASSISTANCE MELISSA DAVIS BOARD MEMBER 18300 TUITION 0 ZACH WALKER BOARD MEMBER 18500 TUITION 0 TRACY DAWN BOARD MEMBER 14750 TUITION 0 X 2 266199 FAIR MARKET VALUE X FUNDRAISING SUPPLIES 77 12777 FAIR MARKET VALUE 0 0 0 1 PART I, COLUMN (B): COLUMN B IS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE NEY KEY SCHOOL HIRED A THIRD PARTY TO FACILITATE THEIR ONLINE GALA THAT INCLUDED AN AUCTION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AND SCHOOL DIRECTOR FOR REVIEW PRIOR TO FILING. AFTER APPROVAL, THE BOARD PASSES A MOTION TO ACCEPT THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE NEW KEY SCHOOL ADMINISTRATORS MONITOR ANY CIRCUMSTANCES WHICH WOULD BE CONSIDERED A CONFLICT OF INTEREST ACCORDING TO THE WRITTEN POLICY AND ENSURES THAT SUCH INSTANCES ARE REPORTED TO MEMBERS OF THE BOARD OF DIRECTORS. THIS POLICY COVERS ANY PERSON SERVING AS AN OFFICER, EMPLOYEE OR MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. ANY MEMBER WITH A CONFLICT OF INTEREST MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS, AND SUCH DISCLOSURES SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. ANY PERSON WITH A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR HEAR THE BOARD OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THIS PERSON SHALL NOT VOTE ON THE MATTER AND SHALL NOT BE PRESENT WHEN THE VOTE IS TAKEN. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 A SALARY REVIEW IS CONDUCTED THAT COMPARES PAY RATES AND SCALES FOR SIMILAR POSITIONS AT BOTH A LOCAL AND NATIONAL LEVEL. PAY RATES ARE ESTABLISHED COMPARABLE TO OTHER SCHOOL LEADERS. KEY EMPLOYEE PAY SCALES ARE PERIODICALLY COMPARED TO THOSE OF OTHER LOCAL EDUCATIONAL AGENCIES AND ARE EITHER EQUIVALENT OR LESS THAN THE RATES PAID BY OTHER SCHOOLS. A SALARY REVIEW WAS LAST CONDUCTED IN 2017 BY THE FINANCE COMMITTEE AND THE SALARY TASK FORCE COMMITTEE. RECOMMENDATIONS FROM THE COMMITTEES ARE PRESENTED TO THE BOARD FOR APPROVAL AND ARE DOCUMENTED IN THE MEETING'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES SUCH DOCUMENTATION TO POTENTIAL DONORS, CONTRIBUTORS AND OTHERS UPON REQUEST.