2019-05-14T07:22:33-05:00 2018-06-30 581763439 WINDHAM BRANNON PC 3630 PEACHTREE RD NE SUITE 600 ATLANTA GA 30326 990 2017-07-01 582410129 THE SWIFT LEARNING CENTER INC SWIF 6782054988 300 GRIMES BRIDGE ROAD ROSWELL GA 30075 PAUL FOLTZ ASSOC. HEAD OF SCHOOL 6782054988 2019-05-13 1 DEBORAH L PRIEST CPA P00148240 4048982000 2019-05-10 12.7.232.99 2019-05-13 09:14:39 ED P 9749F3C7ED4436112A437AAE95722FB5A7E8A442 040433254EE38008E57B0FE69800F898F029ED1D 2017 2019-02-21 02:37:17Z THE SWIFT SCHOOL INC PAUL FOLTZ 300 GRIMES BRIDGE ROAD ROSWELL GA 30075 7373480 0 X WWW.THESWIFTSCHOOL.ORG X 1998 GA TO PREPARE CHILDREN WITH DYSLEXIA & RELATED LANGUAGE-BASED LEARNING DIFFERENCES TO BE SUCCESSFUL IN LIFE. WE WILL STRIVE TO ACCOMPLISH THIS MISSION BY TEACHING THEM SPECIFIC LEARNING STRATEGIES AND BY IDENTIFYING AND FULLY DEVELOPING THEIR TALENTS. TO DO SO, WE WILL CREATE AN ENVIRONMENT THAT IS EXCITING, CHALLENGING, AND SUPPORTIVE. 10 10 118 35 0 0 232189 613841 6428502 6733188 7771 7409 1183 10867 6669645 7365305 175924 277154 312516 0 4558913 4837460 0 97276 135485 1771221 1625338 6818574 6837228 -148929 528077 19095263 14835231 9928009 9299327 9167254 5535904 TO PREPARE CHILDREN WITH DYSLEXIA & RELATED LANGUAGE-BASED LEARNING DIFFERENCES TO BE SUCCESSFUL IN LIFE. WE WILL STRIVE TO ACCOMPLISH THIS MISSION BY TEACHING THEM SPECIFIC LEARNING STRATEGIES AND BY IDENTIFYING AND FULLY DEVELOPING THEIR TALENTS. 0 0 4460220 277154 6733188 EDUCATING CHILDREN WITH MILD TO MODERATE LEARNING DIFFICULTIES IN READING, SPELLING, WRITING, PHONEME AWARENESS, AND LANGUAGE PROCESSING/EXPRESSION. 4460220 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 118 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 GA X PAUL FOLTZ 6782054988 300 GRIMES BRIDGE RD ROSWELL GA 30075 BOB GRAY EMERITUS 1.00 X 0 0 0 RICHARD PHILLIPS CHAIRMAN 8.00 X X 0 0 0 LAURA RIES VICE CHAIRMAN 1.00 X X 0 0 0 JEFFERY KUDLATA VICE CHAIRMAN - SECRETARY 3.00 X X 0 0 0 SCOTT FRANK TRUSTEE 1.00 X 0 0 0 CHRIS MARTIN TRUSTEE 1.00 X 0 0 0 LESLIS MUNSON TRUSTEE 1.00 X 0 0 0 DONALD PAUL TRUSTEE 1.00 X 0 0 0 MAIA WALTON TRUSTEE 1.00 X 0 0 0 SCOTT CONNER TRUSTEE 1.00 X 0 0 0 MICHAEL WRIGHT TREASURER 1.00 X 0 0 0 RICHARD WENDLEK EXEC.DIRECTOR 55.00 X 286987 0 29400 PAUL FOLTZ ASSOCIATE HEAD OF SCHOOL 55.00 X 159225 0 5400 ERIC OSORIO ASSOCIATE HEAD OF SCHOOL 55.00 X 145912 0 5400 592124 0 40200 3 0 1 0 A TASTY TOUCH 1341 WINBORN CIR NW KENNESAW GA 30152 LUNCH SERVICE FOR STUDENTS 157272 1 8455 605386 613841 TUITION & FEES 611600 6733188 6733188 6733188 7409 7409 19042 8175 10867 10867 7365305 6733188 0 18276 277154 277154 687542 687542 3469479 2469005 1000474 55269 55269 305325 200045 105280 319845 246409 73436 9803 9803 17561 17561 97276 97276 51789 1494 27598 22697 36175 36175 28610 21882 6718 10 273631 205924 67707 222416 184605 37811 60250 52898 7352 SCHOOL SUPPLIES & ACTIV 417172 391823 16355 8994 EQUIPMENT EXPENSES 111550 99288 12262 TELEPHONE & UTILITIES 90538 59755 30783 MAINTENANCE 80814 52571 28243 225029 161192 57329 6508 6837228 4460220 2241523 135485 6178691 5715606 1850 331407 16604 3164 113353 52824 6353563 2153333 12784765 4200230 0 4532000 19095263 14835231 327711 297051 3237621 2863363 5738124 5546880 624553 592033 9928009 9299327 X 9144421 5517240 22833 18664 9167254 5535904 19095263 14835231 528077 -4159427 0 X X 0 1 X 1 0 X 918255 918255 3101441 855856 2245585 1695977 777032 918945 637890 520445 117445 4200230 LAND HELD FOR SALE 4532000 4532000 DEFERRED COMPENSATION 592033 592033 X 7096326 8175 8175 7088151 277154 277154 7365305 10727676 4159427 8175 4167602 6560074 277154 277154 6837228 PART X, LINE 2: THE SCHOOL IS A QUALIFIED 501(C)(3) NOT-FOR-PROFIT ENTITY AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX; THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. MANAGEMENT OF THE SCHOOL CONSIDERS THE LIKEHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE SCHOOL'S STATUS AS A NOT-FOR-PROFIT ENTITY. MMANAGEMENT BELIEVES THAT THE SCHOOL MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX; THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. THE TAX CUTS AND JOBS ACT OF 2017 WAS SIGNED INTO LAW ON DECEMBER 22, 2017. MANAGEMENT DOES NOT EXPECT THE LEGISLATION TO HAVE AN IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS BECAUSE THE SCHOOL IS EXEMPT FROM INCOME TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED WITH REVENUE 8,175. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED WITH EXPENSE ON FINANCIAL STATEMENTS 277,154. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 8,175. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 277,154. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN ADMISSIONS DOCUMENTS, SCHOOL LITERATURE, FUNDRAISING DOCUMENTS, WEBSITE, FINANCIAL REPORTS AND THE ANNUAL REPORT. X X X X X X X 1 COLUMNS FUNDRAISING 2870 PEACHTREE RD STE 958 ATLANTA GA 30305 ADVISORY SERVICES RELATING TO CAPITAL CAMPAIGN 0 512292 97276 512292 512292 97276 512292 GA ORIGINAL WORKS 5904 5904 2964 BOOK FAIR 5240 5240 3374 4 7898 7898 1837 19042 19042 8175 8175 10867 1 SWIFT TUITION SCHOLARSHIPS 49 277154 0 X X X 0 0 0 0 0 0 0 0 0 RICHARD WENDLEK EXEC.DIRECTOR 258447 0 28540 0 0 0 0 0 29400 0 316387 0 0 0 PAUL FOLTZ ASSOCIATE HEAD OF SCHOOL 158685 0 540 0 0 0 0 0 5400 0 164625 0 0 0 ERIC OSORIO ASSOCIATE HEAD OF SCHOOL 145372 0 540 0 0 0 0 0 5400 0 151312 0 0 0 CHRIS MARTIN TRUSTEE 2500 DESIGN SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B THE ANNUAL AUDIT AND THE ACCOMPANYING FINANCIAL STATEMENTS ARE REVIEWED WITH THE CPA FIRM BY THE SCHOOL'S TREASURER, FINANCE COMMITTEE, HEAD OF SCHOOL AND BUSINESS MANAGER. THE PACKAGE IS AGAIN REVIEWED BEFORE AND BY THE ENTIRE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED FALL MEETING OF THE BOARD. APPROVAL BY MOTION, SECOND AND VOTE TO APPROVE ACCEPTANCE IS PERFORMED. UPON ACCEPTANCE THE BUSINESS MANAGER INITIATES THE PROCESS TO ENGAGE THE AUDITING FIRM TO BEGIN PREPARATION OF THE 990. THE COMPLETED FORM 990 IS REVIEWED BY THE BUSINESS MANAGER, TREASURER, AND HEAD OF SCHOOL PRIOR TO SUBMITTAL TO THE IRS, IF TIME PERMITS, OR AFTERWARDS TO ENSURE COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ROUTINELY ASKED TO NOTIFY THE ORGANIZATION OF ANY BUSINESS RELATIONSHIPS WITH THE ORGANIZATION. THESE RELATIONSHIP ARE DISCUSSED WITH THE AUDITORS AND DISCLOSED IN THE FINANCIAL STATEMENTS IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ENGAGES CONSULTING FIRMS TO FILL THE EXECUTIVE DIRECTOR POSITION. THE EXECUTIVE DIRECTOR'S SALARY IS SET BASED ON RECOMMENDATIONS OF THE CONSULTING FIRM. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, ALONG WITH ANY OTHER OFFICIAL DOCUMENS, IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE BUSINESS OFFICE OR ADVANCEMENT OFFICE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS REGARDING ITS INDEPENDENT AUDITORS