SHARON ACADEMY: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SHARON ACADEMY (EIN 03-0350587)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-07-14
- IRS object ID
- 202031969349304208
- Schema version
- 2018v3.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-14T14:58:54-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 020476956 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TYLER SIMMS & ST SAUVEUR CPAS PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 MORGAN DRIVE | AddressLine1Txt |
| City | LEBANON | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03766 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030350587 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SHARON ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SHAR | BusinessNameControlTxt |
| Phone | 8027632500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 207 | AddressLine1Txt |
| City | SHARON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05065 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL LIVINGSTON | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 8027632500 | PhoneNum |
| Signature | 2020-06-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES N GODFREY CPA | PreparerPersonNm |
| PTIN | P00913422 | PTIN |
| Phone | 6036530044 | PhoneNum |
| Preparation | 2020-06-22 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 216.107.201.226 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-06-22 | IPDt |
| IP Tm | 13:22:08 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 967DC28EC917779FA65461E96585814278A255C3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL LIVINGSTON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 207 | AddressLine1Txt |
| City | SHARON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05065 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,367,761 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SHARONACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | EDUCATION GRADES 7-12 | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 65 | TotalEmployeeCnt |
| Total Volunteers | 193 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $851,323 | PYContributionsGrantsAmt |
| CY Contributions Grants | $708,414 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,303,020 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,460,162 | CYProgramServiceRevenueAmt |
| PY Investment Income | $17,980 | PYInvestmentIncomeAmt |
| CY Investment Income | $33,360 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,930 | PYOtherRevenueAmt |
| CY Other Revenue | $7,828 | CYOtherRevenueAmt |
| PY Total Revenue | $3,176,253 | PYTotalRevenueAmt |
| CY Total Revenue | $3,209,764 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $73,265 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $65,908 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,100,731 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,267,069 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $125,476 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $705,509 | PYOtherExpensesAmt |
| CY Other Expenses | $788,274 | CYOtherExpensesAmt |
| PY Total Expenses | $2,879,505 | PYTotalExpensesAmt |
| CY Total Expenses | $3,121,251 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $296,748 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $88,513 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,078,890 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,161,102 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $885,602 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $871,420 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,193,288 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,289,682 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE SHARON ACADEMY IS AN INDEPENDENT MIDDLE AND HIGH SCHOOL WHERE STUDENTS ARE KNOWN, VALUED, AND CHALLENGED. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,254,477 | ExpenseAmt |
| Grant | $65,908 | GrantAmt |
| Revenue | $2,460,162 | RevenueAmt |
| Desc | THE SHARON ACADEMY (TSA) CAN BEST BE DESCRIBED AS A TOWN ACADEMY IN RURAL SHARON, VT, THAT OFFERS THE MANY ADVANTAGES OF A SMALL SCHOOL ENVIRONMENT. FOUNDED IN 1996, TSA IS AN INDEPENDENT MIDDLE SCHOOL AND HIGH SCHOOL WITH A TOTAL DAY STUDENT POPULATION OF APPROXIMATELY 160. STUDENTS COME FROM 20 SURROUNDING TOWNS AND 85% OF OUR STUDENT BODY IS PUBLICLY FUNDED. WE EMPHASIZE ACADEMIC RIGOR, PERSONAL RESPONSIBILITY, INDEPENDENT LEARNING, ACCESS TO AUTHENTIC LEADERSHIP OPPORTUNITIES, TEAMWORK, AND COMMUNICATION SKILLS ACROSS THE CURRICULUM. OUR HYBRID OF PUBLIC AND PRIVATE EDUCATION SETS HIGH ACADEMIC STANDARDS. THE GOAL AT TSA IS TO HELP STUDENTS DEEPEN THEIR INTELLECTUAL, ETHICAL, EMOTIONAL, ARTISTIC, AND PHYSICAL SELVES. HERE WE VALUE ALL STUDENTS AS THEY DEFINE THEMSELVES AND WILL CHALLENGE EACH STUDENT TO MEET THEIR POTENTIAL THROUGH THE DISCOVERY OF NEW IDEAS, SKILLS, AND POINTS OF VIEW. STUDENTS ARE EXPLICITLY TAUGHT TO FIND THEIR VOICE AND TO ADVOCATE FOR THEMSELVES. THE MISSION OF THE SHARON ACADEMY IS TO NURTURE INTELLIGENT, INDEPENDENT, AND CREATIVE THINKING IN A SMALL SCHOOL COMMUNITY, AWAKENING STUDENTS TO THEIR IMMENSE POTENTIAL AND THE DIFFERENCE THEY CAN MAKE IN THE WORLD. FOR MORE INFORMATION VISIT: SHARONACADEMY.ORG | Desc |
| Total Program Service Expenses | $2,254,477 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 65 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | 0 | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL LIVINGSTON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8027632500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 207 | AddressLine1Txt |
| City | SHARON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05065 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| MICHAEL LIVINGSTON | ||||||
| HEAD OF SCHOOL | 60.00 | Yes (X) | $122,148 | $0 | $3,249 | |
| JOHN ROE | ||||||
| PRESIDENT | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| EDIE FARWELL | ||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STEPHEN FARRINGTON | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SPERRY WILSON | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| TULIO BROWNING | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| SHANNON BUSKEY | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ALAN DONOHUE | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| REBECCA FOULK | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DEE GISH | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JULIE GROPPE | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| CINDY HALE | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DAN HUDNUT | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| PHILIP LAPP | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| WENDY PALTHEY | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| PAUL PERKINS | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| TANYA SWETT | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| KEN WRIGHT | ||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $122,148 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $3,249 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $5,900 | FundraisingAmt |
| All Other Contributions | $702,514 | AllOtherContributionsAmt |
| Noncash Contributions | $12,232 | NoncashContributionsAmt |
| Total Contributions | $708,414 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611710 | $2,298,459 | $2,298,459 |
| PROGRAM REVENUES | 611710 | $161,703 | $161,703 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,460,162 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,814 | TotalRevenueColumnAmt |
| Exclusion | $32,814 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $151,171 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $150,364 | SecuritiesAmt |
| Other | $261 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $807 | SecuritiesAmt |
| Other | -$261 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $546 | TotalRevenueColumnAmt |
| Exclusion | $546 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $15,200 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $5,900 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $7,372 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,828 | TotalRevenueColumnAmt |
| Exclusion | $7,828 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,209,764 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,460,162 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $41,188 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,908 | TotalAmt |
| Program Services | $65,908 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,860 | TotalAmt |
| Management And General | $127,860 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,670,138 | TotalAmt |
| Program Services | $1,256,073 | ProgramServicesAmt |
| Management And General | $352,378 | ManagementAndGeneralAmt |
| Fundraising | $61,687 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,880 | TotalAmt |
| Program Services | $22,393 | ProgramServicesAmt |
| Management And General | $5,387 | ManagementAndGeneralAmt |
| Fundraising | $1,100 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,959 | TotalAmt |
| Program Services | $206,415 | ProgramServicesAmt |
| Management And General | $78,407 | ManagementAndGeneralAmt |
| Fundraising | $10,137 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,232 | TotalAmt |
| Program Services | $101,635 | ProgramServicesAmt |
| Management And General | $38,606 | ManagementAndGeneralAmt |
| Fundraising | $4,991 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,875 | TotalAmt |
| Program Services | $12,512 | ProgramServicesAmt |
| Management And General | $5,363 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,429 | TotalAmt |
| Management And General | $25,429 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,286 | TotalAmt |
| Management And General | $3,286 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,660 | TotalAmt |
| Management And General | $2,660 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,396 | TotalAmt |
| Program Services | $123,463 | ProgramServicesAmt |
| Management And General | $6,248 | ManagementAndGeneralAmt |
| Fundraising | $3,685 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $687 | TotalAmt |
| Program Services | $687 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,965 | TotalAmt |
| Management And General | $23,965 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,466 | TotalAmt |
| Program Services | $21,719 | ProgramServicesAmt |
| Management And General | $1,099 | ManagementAndGeneralAmt |
| Fundraising | $648 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,502 | TotalAmt |
| Program Services | $109,678 | ProgramServicesAmt |
| Management And General | $5,551 | ManagementAndGeneralAmt |
| Fundraising | $3,273 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,992 | TotalAmt |
| Program Services | $27,759 | ProgramServicesAmt |
| Management And General | $1,405 | ManagementAndGeneralAmt |
| Fundraising | $828 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BOOKS AND PROGRAM | $117,085 | $117,085 | ||
| TRANSPORTATION | $59,325 | $59,325 | ||
| DEVELOPMENT COSTS | $56,274 | $19,094 | $37,180 | |
| SPORTS | $37,137 | $37,137 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,195 | TotalAmt |
| Program Services | $92,688 | ProgramServicesAmt |
| Management And General | $44,560 | ManagementAndGeneralAmt |
| Fundraising | $1,947 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,121,251 | TotalAmt |
| Program Services | $2,254,477 | ProgramServicesAmt |
| Management And General | $741,298 | ManagementAndGeneralAmt |
| Fundraising | $125,476 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $881,904 | BOYAmt |
| EOY | $852,741 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,704 | BOYAmt |
| EOY | $316,625 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,528 | BOYAmt |
| EOY | $106,993 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,982 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,696,613 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,650,792 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,135,100 | BOYAmt |
| EOY | $2,045,821 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $885,672 | BOYAmt |
| EOY | $838,922 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,078,890 | BOYAmt |
| EOY | $4,161,102 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,628 | BOYAmt |
| EOY | $386,142 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,950 | BOYAmt |
| EOY | $31,002 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $675,024 | BOYAmt |
| EOY | $454,276 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $885,602 | BOYAmt |
| EOY | $871,420 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,134,276 | BOYAmt |
| EOY | $1,853,062 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $971,653 | BOYAmt |
| EOY | $1,349,261 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,359 | BOYAmt |
| EOY | $87,359 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,193,288 | BOYAmt |
| EOY | $3,289,682 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,078,890 | BOYAmt |
| EOY | $4,161,102 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $88,513 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $7,881 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $313,804 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $13,509 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $9,000 | OtherExpendituresAmt |
| End Year Balance | $318,313 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $307,780 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $18,024 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $12,000 | OtherExpendituresAmt |
| End Year Balance | $313,804 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $289,199 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $35,825 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $17,244 | OtherExpendituresAmt |
| End Year Balance | $307,780 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $302,818 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$13,619 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $289,199 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $328,215 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$8,977 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $16,420 | AdministrativeExpensesAmt |
| End Year Balance | $302,818 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.51380 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.27440 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.21180 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $317,940 | OtherCostOrOtherBasisAmt |
| Book Value | $317,940 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,487,656 | OtherCostOrOtherBasisAmt |
| Depreciation | $974,741 | DepreciationAmt |
| Book Value | $1,512,915 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $453,260 | OtherCostOrOtherBasisAmt |
| Depreciation | $288,385 | DepreciationAmt |
| Book Value | $164,875 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $437,757 | OtherCostOrOtherBasisAmt |
| Depreciation | $387,666 | DepreciationAmt |
| Book Value | $50,091 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,045,821 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,155,823 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,881 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $7,372 | OtherRevenueAmt |
| Revenue Not Reported | $15,253 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,140,570 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,286 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $65,908 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $69,194 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,209,764 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,059,429 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $7,372 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $7,372 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,052,057 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,286 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $65,908 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $69,194 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,121,251 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE BOARD INTENDS THE ENDOWMENT FUND TO BE A LONG-TERM INVESTMENT WHOSE PRINCIPAL OF THE BOARD-DESIGNATED FUNDS WILL REMAIN INVESTED AND WHOSE INTEREST, EITHER IN PART OF IN TOTAL, WILL BE USED, ONCE THE ENDOWMENT FUND HAS GROWN TO A REASONABLE AND SUFFICIENT SIZE, TO SUPPLEMENT THE INCOME OF THE ACADEMY. THE GOAL ON THE FINANCE COMMITTEE IS TO ACHIEVE A COMPETITIVE RATE OF RETURN WITH A DIVERSE PORTFOLIO OF INVESTMENTS. |
| PART X, LINE 2: | EFFECTIVE JULY 1, 2009, THE ACADEMY ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. SUBTOPIC 740-10 ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE ACADEMY HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE 7,372. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 65,908. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE 7,372. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 65,908. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | ADVERTISING FOR TEACHING POSITIONS INDICATE SHARON ACADEMY IS AN EQUAL OPPORTUNITY EMPLOYER. STUDENT ENROLLMENT FORMS INCLUDE STATEMENT THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY. |
| SCHEDULE E, PART I, LINE 6 | TUITION FOR MANY STUDENTS IS PAID BY THEIR LOCAL SCHOOL DISTRICT. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA FUNDRAISER | Event1Nm |
| Gross Receipts Event1 | $21,100 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $5,900 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $15,200 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $856 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $750 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $5,766 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $21,100 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $5,900 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $15,200 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $856 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $750 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $5,766 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $7,372 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $7,828 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 21 | RecipientCnt |
| Non Cash Assistance | $65,908 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | THE ACADEMY IMMEDIATELY APPLIES THE NEED-BASED GRANT AWARD TO THE TUITION BALANCE. THE NAME AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT THE ACADEMY'S BUSINESS OFFICE. | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ACADEMY IMMEDIATELY APPLIES THE NEED-BASED GRANT AWARD TO THE TUITION BALANCE. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| CARL GROPPE | |||
| SPOUSE OF TRUSTEE | $45,670 | CARL GROPPE IS EMPLOYED BY THE ACADEMY AS THE IT DIRECTOR AND IS ALSO THE SPOUSE OF A MEMBER OF THE BOARD OF TRUSTEES. | 0 |
| CATHERINE FARRINGTON | |||
| SPOUSE OF TRUSTEE | $26,663 | CATHERINE FARRINGTON IS EMPLOYED BY THE ACADEMY AS AN ADMINISTRATIVE ASSISTANT AND IS ALSO THE SPOUSE OF A MEMBER OF THE BOARD OF TRUSTEES. | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE REVIEWS THE FORM 990 FOR ACCURACY AND APPROVES IT BEFORE ITS FILING DEADLINE. THE FINANCE COMMITTEE THEN REPORTS ITS FINDINGS ON THE FORM 990 TO THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES PROVIDE THE CHAIRPERSON WITH A LIST OF BUSINESSES AND NONPROFIT ORGANIZATIONS WITH WHICH EACH INDIVIDUAL IS AFFILIATED. IT IS THE RESPONSIBILITY OF ALL TRUSTEES TO DISCLOSE ANY DISQUALIFYING RELATIONSHIP WITH ANY PROPOSED TRANSACTIONS AND TO ABSTAIN FROM DISCUSSING, VOTING ON, OR OTHERWISE ATTEMPTING TO INFLUENCE THE DECISION ON THE PROPOSED ACTION. THE TRUSTEES MAY PROVIDE INFORMATION IF REQUESTED TO DO SO. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE SALARY FOR MICHAEL LIVINGSTON, THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE SALARIES FOR ALL OTHER EMPLOYEES. FACULTY SALARIES AT INITIAL HIRING ARE GUIDED BY A MATRIX THAT TAKES INTO ACCOUNT EDUCATION AND YEARS OF EXPERIENCE. ANNUAL SALARY INCREASES ARE RECOMMENDED BY THE HEAD OF SCHOOL TO THE BOARD OF TRUSTEES FOR APPROVAL. TRADITIONALLY THOSE RECOMMENDATIONS HAVE BEEN MADE FOR FACULTY AND STAFF AS WHOLE GROUPS, RATHER THAN ON THE INDIVIDUAL LEVEL. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. |
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