2020-07-02T12:19:26-05:00 2019-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2018-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC % BONNIE VAVRA ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2020-07-15 true SABRE J LINAHAN P01372980 4048746244 2020-07-15 50.58.246.46 67983820201845000030 2020-07-02 P E1C4890119C7D40468477AAE9D038087CCCA8ABA 4457B85B4E43B937AD487BBDB303F97102507AD7 2018 2021-01-29 14:40:06Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 29687626 false X WWW.DAVISACADEMY.ORG X 1992 GA TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE. 36 36 167 300 0 0 1600742 1215163 12659495 12357094 859290 1290376 -70889 -24470 15048638 14838163 1604953 1718541 0 0 7234383 7284782 0 0 627934 4716931 4288485 13556267 13291808 1492371 1546355 54551267 55794544 14166099 13640978 40385168 42153566 X TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE IN A NURTURING, SECURE ENVIRONMENT, INSTRUCTED BY A FACULTY DEDICATED TO EXCELLENCE, CHILDREN ARE ENCOURAGED TO REACH THEIR HIGHEST POTENTIAL. THE DAVIS ACADEMY STRIVES TO CREATE A COMMUNITY IN WHICH CHILDREN DEVELOP A LIFE-LONG LOVE FOR LEARNING AND A COMMITMENT TO JEWISH LIFE FOUNDED ON MORALS, VALUES, AND ETHICS, GROUNDED IN TORAH. false false 9309356 1718541 12357094 THE CORPORATION OPERATED AS A NON-PROFIT PRE-K THROUGH EIGHTH GRADE PRIVATE SCHOOL WITH 502 STUDENTS IN ATTENDANCE. 9309356 true true false false false false false false false true true true false false true true true false true false true false false false true false false false true true true false false false false false false false false true false false false false false false false false false false true 23 0 true 167 true false false false false false true true false false false false false false false X 36 36 true false false false false false false true true false false true true true true true true true true false GA X BONNIE VAVRA 6785273285 8105 ROBERTS DRIVE ATLANTA GA 30350 X Karl Altmann Board Member 1.0 0.0 X 0 0 0 Dean Benamy Past President - Non-Voting 1.0 0.0 X 0 0 0 Mara Berman Board Member 1.0 0.0 X 0 0 0 William Bremen z'l Trustee for Life - Non-Voting 1.0 0.0 X 0 0 0 Ann Davis Vice President 1.0 0.0 X 0 0 0 Elizabeth Davis Board Member 1.0 0.0 X 0 0 0 Jay Davis Trustee for Life - Non-Voting 1.0 0.0 X 0 0 0 Mark Edelstein Treasurer 1.0 0.0 X 0 0 0 Jan Epstein Past President - Non-Voting 1.0 0.0 X 0 0 0 Bryan Fields Past President - Non-Voting 1.0 0.0 X 0 0 0 Lisa Freedman Vice President 1.0 0.0 X 0 0 0 Scott Galanti Board Member 1.0 0.0 X 0 0 0 Billie Greenberg Past President 1.0 0.0 X 0 0 0 Lisa Haynor Board Member 1.0 0.0 X 0 0 0 Jeff Hopkins Vice President 1.0 0.0 X 0 0 0 Hope Kaufman Board Member 1.0 0.0 X 0 0 0 Sid Kirschner Trustee for Life - Non-Voting 1.0 0.0 X 0 0 0 Jami Kohn Board Member 1.0 0.0 X 0 0 0 Mark Kopkin Board Member 1.0 0.0 X 0 0 0 Debbie Kurzweil Past President 1.0 0.0 X 0 0 0 Jonathan Leven Immediate Past President 1.0 0.0 X 0 0 0 Kevin Levingston Board Member 1.0 0.0 X 0 0 0 Brian Mand Board Member 1.0 0.0 X 0 0 0 Arlene Marcus Board Member 1.0 0.0 X 0 0 0 Carol Nemo Past President - Non-Voting 1.0 0.0 X 0 0 0 Barbara Pollock Board Member 1.0 0.0 X 0 0 0 Dulcy Davis Rosenberg Trustee for Life - Non-Voting 1.0 0.0 X 0 0 0 Bill Rothschild Board Member 1.0 0.0 X 0 0 0 Carol Rubin Secretary 1.0 0.0 X 0 0 0 Tonia Sellers Past President - Non-Voting 1.0 0.0 X 0 0 0 Benjamin Sillins Past President - Non-Voting 1.0 0.0 X 0 0 0 Stanley Sonenshine Board Member 1.0 0.0 X 0 0 0 Evan Toporek President 1.0 0.0 X 0 0 0 Sam Tuck Past President 1.0 0.0 X 0 0 0 Harriet Zoller Past President - Non-Voting 1.0 0.0 X 0 0 0 Abby Bechler-Karsch Board Member 1.0 0.0 X 0 0 0 Dana Bernath Board Member 1.0 0.0 X 0 0 0 Scott Bohrer Board Member 1.0 0.0 X 0 0 0 Russell Falkenstein Board Member 1.0 0.0 X 0 0 0 David Goldberg Board Member 1.0 0.0 X 0 0 0 Ronnie Goldman Board Member 1.0 0.0 X 0 0 0 Micah Goldstein Board Member 1.0 0.0 X 0 0 0 Bobbi Perlstein Board Member 1.0 0.0 X 0 0 0 Michelle Rosenberg Board Member 1.0 0.0 X 0 0 0 Dan Russotto Board Member 1.0 0.0 X 0 0 0 Linda Selig Board Member 1.0 0.0 X 0 0 0 Murray Solomon Board Member 1.0 0.0 X 0 0 0 Jason Tessler Board Member 1.0 0.0 X 0 0 0 Bonnie Vavra Chief Financial Officer 40.0 0.0 X 185012 0 17491 Amy Shafron Head of School 40.0 0.0 X 347934 0 39178 Drew Frank Principal / Associate Head of 40.0 0.0 X 177716 0 50594 Micah Lapidus School Rabbi/Director of Jewis 40.0 0.0 X 115326 0 26092 Elisa Prager Director of Institutional Adva 40.0 0.0 X 146072 0 19592 Jeffrey Rothstein Assistant Principal 40.0 0.0 X 125830 0 44293 Karen Rogow Director of marketing 40.0 0.0 X 130775 0 21074 1228665 0 218314 7 false true false SAGE DINING SERVICES 3687 MCELROY ROAD ATLANTA GA 30340 FOOD SERVICE 580668 Samson Trailways po boX 1870 FAYETTEVILLE GA 30214 Buses 113722 CLEANSTAR NATIONAL INC 1690-b ENTERPRISE WAY MARIETTA GA 30067 Janitorial/Cleaning 280644 3 137350 1077813 3430 1215163 TUITION AND FEES 12350620 12350620 MISC PROGRAM SERVICE REVENUE 6279 6279 YEARBOOK REVENUE 195 195 12357094 779558 779558 0 0 107548 116665 -9117 0 -9117 -9117 15189092 14678274 510818 510818 510818 39171 137350 54524 -15353 -15353 0 0 0 0 0 0 0 14838163 12357094 1265906 0 1718541 1718541 0 0 609805 489475 120330 0 5368918 4064897 910719 393302 203017 165785 27970 9262 1103042 836993 219290 46759 0 0 17994 17994 50300 50300 0 0 132704 132704 0 42074 37997 4077 76173 852 75321 107168 11351 95817 0 228622 160035 68587 0 0 24288 20441 3847 209457 209457 0 1184478 829135 355343 130830 91581 39249 DINING SERVICE 571472 571472 EDUCATIONAL SUPPLIES 365092 244724 112590 7778 REPAIRS & MAINTENANCE 309283 296219 13064 PROGRAM EXPENSES 261447 143299 118148 577103 154031 376646 46426 13291808 9309356 3354518 627934 X 1602726 1913288 9071939 9574602 1859946 1472664 100547 60954 0 0 0 0 0 0 0 0 414977 286486 35093763 14310512 21277157 20783251 1763929 2664278 18302108 18896877 0 0 157938 142144 0 0 54551267 55794544 711496 750434 0 0 4985265 5173046 7493004 6826008 0 0 0 0 0 0 0 0 976334 891490 14166099 13640978 X 35111123 38593182 3735273 1909061 1538772 1651323 40385168 42153566 54551267 55794544 X 1546355 193192 28851 X X false true X true false X 6444709 2682382 1666291 1600742 1215163 13609287 0 0 6444709 2682382 1666291 1600742 1215163 13609287 728614 12880673 621218 658733 683815 707899 887106 3558771 0 0 17168058 62972219 0.75027 0.76190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8426517 112551 340248 47179 8832137 7783221 237481 452511 46696 8426517 6702416 104018 936634 -82515 42362 7783221 6781851 134027 -92093 82515 38854 6702416 5534563 1109774 172370 34856 6781851 0.71620 0.09680 0.18700 false false 2226200 2226200 27506266 10304996 17201270 2954655 2214339 740316 2406642 1791178 615465 20783251 ENDOWMENTS 8832137 F MUTUAL FUNDS 10064740 F 18896877 0 TAXABLE BOND PAYABLE 891490 891490 X 13310775 193192 130664 323856 12986919 132703 1718541 1851244 14838163 11542377 130664 130664 11411713 132703 1747392 1880095 13291808 Schedule D, Part V, Line 4 Endowment assets include those assets of donor restricted funds the the academy must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds. The Academy's endowments are invested in pooled funds through the Jewish Federation of Greater Atlanta ("JFGA"). The Academy adopted its investment policy for the endowment accounts using a moderate investment model provided by JFGA. JFGA's investment objective is to earn a long-term rate of return that is approximately 4.5% greater than the rate of inflation as measured by the CPI. The investment policy's risk parameters minimize downside volatility while maximizing return at an acceptable risk level through diversification of assets. The investment policy also contains specifications as to which types of investments will be permitted. The Academy has adopted a spending policy under which spending of income earned by the unrestricted endowment accounts is discretionary, based on the needs of the Academy and the approval of the Academy's Board of Trustees. Endowment funds created through restricted gifts from donors are to be managed according to the wishes of the donors. However, only up to 3% of annual gains will be distributed. Unless otherwise stipulated by the donors, all principal is to be kept intact, and only the earnings are to be used for the restricted purpose of the fund. The Academy considers a fund to be underwater if the fair value of the fund is less than the sum of (a) the original value of initial and subsequent gift amounts donated to the fund and (b) any accumulations to the fund that are required to be maintained in perpetuity in accordance with the direction of the applicable donor gift instrument. The Academy has complied with UPMIFA to permit spending from an underwater endowment. Schedule D, Part X, Line 2 The Academy qualifies as a tax-exempt organization under Section 501(3) of the Internal Revenue Code and, therefore, has no provision for income taxes. However, income from certain activities not directly related to the Academy's tax exempt purpose is subject to taxation as unrelated business income. During the years ended June 30, 2019 and 2018, the Academy incurred no income tax expense related to unrelated business income. The Academy qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The Academy annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Academy takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Academy is subject to examination by the federal and state taxing authorities. In general, the Academy is no longer subject to tax examinations for tax years ending before June 30, 2016. Schedule D, Part XI, Line 2D 13,999 Direct Fundraising Expenses 116,665 + Direct Rental Expenses -------------------------- 130,664 = Schedule D, Part XI, Line 4B 1,718,541 - Tuition Assistance Schedule D, Part XII, Line 2D 13,999 Direct Fundraising Expenses 116,665 + Direct Rental Expenses -------------------------- 130,664 = Schedule D, Part XII, Line 4B 1,718,541 Tuition Assistance 28,851 + BAD DEBT RECOVERY -------------------------------- 1,747,392 true true true true true true true false false false false false false false false false false true Sch E Part 1, Line 3 Policy is publicized on application materials which is provided along with an information package for all interested parties. Middle East and North Africa Program Services 8th Grade Trip 57091 57091 57091 false false false false false false GOLF TOURNAMENT 176521 137350 39171 31793 8732 13999 0 176521 137350 39171 31793 8732 13999 54524 -15353 true Financial Assistance as Reduction in Tuition 187 1165041 Amount of Tuition Reduction in Tuition Financial Aid for Students 116 553500 Cash Part I, Line 2 Financial aid is need based. Each applicant fills out a standard form annually awards are decided annually by a committee of the board. X false false false false false false false true false Drew Frank Principal / Associate Head of 144308 10000 23408 7581 43210 228507 0 Elisa Prager Director of Institutional Adva 136072 10000 0 6900 12889 165861 0 Jeffrey Rothstein Assistant Principal 103467 0 22363 3974 40499 170303 0 Bonnie Vavra Chief Financial Officer 175012 10000 0 8016 9672 202700 0 Karen Rogow Director of marketing 104257 20000 6518 5349 15905 152029 0 Amy Shafron Head of School 317934 30000 0 13750 25625 387309 0 Part 1, Line 7 Bonus payments are paid annually based on performance. A City of Sandy Springs Development Authority 261580939 000000000 2013-06-20 10590000 To Refinance the Cost of Acquiring false false false A 3763992 0 10590000 0 0 0 0 0 0 0 0 0 true false true true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true Part I, Column F To refinance the cost of acquiring, constructing, renovating, and installing. Part IV, Line 2c The Rebate Computation date is N/A jill rosenbluth Family Member of Billie Greenberg (Board Member) 44217 COMPENSATION false Form 990, Part VI, Section A, Question 2 Jay Davis and Ann Davis both serve as board members on The Alfred and Adele Davis Academy, Inc. and they are married. Their daughter, Elizabeth Davis, is also a board member of the Academy. Dulcy Rosenberg is a board member of the Academy. Michelle Rosenberg is the daughter of Dulcy and serves as a member of the board. Form 990, Part VI, Section B, Line 11 The Head of School and CFO review the return in detail prior to filing and a copy of the return is available for all board members to review as requested. Form 990, Part VI, Section B, Line 12C The organization has board members and officers read and sign an acknowledgement that they have read the policies and procedures and that no conflicts exist. Should conflicts arise, the issues are discussed and resolved by an independent committee of the board. Form 990, Part VI, Section B, Line 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CFO COMPENSATION BY CEO IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND KEY EMPLOYEE COMPENSATION DETERMINED BY THE CEO AND CFO IN CONSULTATION WITH THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 18 THESE ITEMS ARE MADE AVAILABLE AT THE ORGANIZATION OFFICES UPON REQUEST. Form 990, Part VI, Section C, Line 19 Available upon request. Form 990, Part XI, Line 8 Bad Debt Recovery - 28,851 Form 990, Part XII, Line 2C AUDIT COMMITTEE MEETS ANNUALLY WITH AUDITORS, REVIEWS FINANCIAL STATEMENTS, MAKES ANY RECOMMENDATIONS NECESSARY TO BOARD, AND THE BOARD VOTES TO ACCEPT AUDIT AND/OR APPROVES AUDIT COMMITTEE RECOMMENDATIONS.