2019-07-15T15:00:11-05:00 2018-08-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2017-09-01 742869255 BRAINATION INC BRAI 2106385017 10325 BANDERA ROAD SAN ANTONIO TX 78250 OLIN TUNNELL PRESIDENT 2106385017 2019-07-09 1 RANDY L WALKER CPA P00963779 2103669430 23.116.216.57 2019-07-09 14:54:54 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6565F551AD94B86FE1FFF6B2A41D26030FB74064 2017 2019-02-21 02:37:17Z OLIN TUNNELL 10325 BANDERA ROAD SAN ANTONIO TX 78250 18608179 0 X BRAINATION.NET X 1999 TX THE SCHOOL SERVES AT-RISK STUDENTS WITH EXCEPTIONAL AND EXEMPLARY EDUCATIONAL RESOURCES. THE SCHOOL PROVIDES AN ENVIRONMENT IN WHICH STUDENTS ARE ENCOURAGED TO DEVELOP THEIR INTELLECTUAL, LINGUISTIC, SOCIAL, EMOTIONAL, CIVIC, AND PHYSICAL ABILITIES. THE ULTIMATE GOAL IS TO TRANSITION AND INTEGRATE THESE STUDENTS BACK INTO THEIR HOME SCHOOLS AND SOCIETY AND TO ENSURE THEY ARE CAPABLE OF FULL PARTICIPATION IN THE PROCESS OF FAMILY, EMPLOYMENT, AND COMMUNITY. 4 4 291 57 0 0 12438191 12662390 2686829 5845216 -34478 7185 0 93388 15090542 18608179 0 0 0 0 10658255 11841429 0 0 51912 4176325 5129316 14834580 16970745 255962 1637434 24548716 25661273 11708543 11183666 12840173 14477607 X THE SCHOOL OFFERS A CHALLENGING CORE CURRICULUM WITH AN ACCELERATED ACADEMIC FOCUS SERVING PRIMARILY AT-RISK AND UNDERACHIEVED STUDENTS. 0 0 14196524 5845216 OPERATED THREE TYPES OF EDUCATIONAL PROGRAMS IN THE STATE OF TEXAS.1) OPERATED A PUBLIC CHARTER SCHOOL FOR KINDERGARTEN THROUGH 12TH GRADE. AT THE END OF THE FISCAL YEAR, THE CHARTER HAD 11 CAMPUSES AND SERVED APPROXIMATELY 2,300 STUDENTS. 2) OPERATED A SCHOOL INSIDE OF KARNES FAMILY DETENTION CENTER FOR UNDOCUMENTED CHILDREN IN GRADES PRE-KINDERGARTEN THROUGH 12TH GRADE. WE SERVED APPROXIMATELY 4,300 STUDENTS OVER TWELVE MONTHS. 3) OPEARTED A NONCHARTER SPECIAL EDUCATION PARTNERSHIP SCHOOL WITH A LOCAL ISD IN SAN ANTONIO,TEXAS SERVING GRADES 6TH THROUGH 12TH GRADE. WE SERVED APPROXIMATELY 40 STUDENTS OVER TWELVE MONTHS. 14196524 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 48 0 1 291 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X YMELDA Y Y'HERRERA 2106385000 10325 BANDERA ROAD SAN ANTONIO TX 78250 DEBRA HARKIEWICZ BOARD MEMBER THRU 1/2018 1.00 1.00 X 0 0 0 DR ALAN HOLDEN BOARD MEMBER - 8/2018 TO PRESENT 1.00 1.00 X 0 0 0 OLIN TUNNELL BOARD PRESIDENT 2.00 1.00 X X 0 0 0 DR JOSEPHINE ARREDONDO-HOLDEN BOARD VICE PRESIDENT THRU 6/2018 1.00 1.00 X X 0 0 0 CARMEN BALDERAS BOARD SECRETARY 1.00 1.00 X X 0 0 0 RAYMOND KRESHA TREASURER 1.00 1.00 X X 0 0 0 BRUCE C ROCKSTROH SUPERINTENDENT / CEO 40.00 1.00 X 172127 0 33299 JENNIFER TRINIDAD ROWER COO 40.00 0.00 X 118707 0 4119 BRENDA K MURPHY CAO 40.00 0.00 X 114945 0 676 405779 0 38094 3 0 1 0 0 12662390 63498 12662390 STATE EQUALIZATION 611710 5845216 5845216 5845216 7185 7185 INSURANCE PROCEEDS 611710 93388 93388 93388 18608179 5845216 0 100573 216379 192395 23984 9811907 8747918 1063989 284417 249525 34892 785344 688091 97253 743382 652185 91197 191669 150601 41068 516599 431211 72981 12407 581705 446343 135362 175519 115608 59911 589537 589537 880234 812892 67342 171974 53501 118473 OPERATING EXPENSE 965064 908490 30604 25970 FOOD AND NONFOOD EXPENS 489139 489139 OUTSIDE SERVICES 370206 207122 149549 13535 MAINTENANCE & REPAIR 134916 5407 129509 62754 46096 16658 16970745 14196524 2722309 51912 2108209 3264428 82882 46128 22013949 4366201 18240390 17647748 4117235 4702969 24548716 25661273 2560483 2494815 0 33000 9148060 8655851 11708543 11183666 X 4608214 6942923 8231959 7534684 12840173 14477607 24548716 25661273 1637434 0 X X 0 1 X 1 1 1 X 877925 877925 18110428 1899690 16210738 3025596 2466511 559085 17647748 DUE FROM STATE 715604 DUE FROM FEDERAL AGENCIES 2054975 OTHER RECEIVABLES 1110846 RESTRICTED CASH 821544 4702969 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION MAKES ITS RACIALLY NONDISCRIMINATORY POLICY KNOWN TO ALL STUDENTS THROUGH ITS REGISTRATION PROCEDURES AND THROUGH ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION IS ELIGIBLE AND RECEIVES TITLE I, PART A & D, TITLE II, PART A, AND IDEA B FUNDING. THE ORGANIZATION IS ELIGIBLE AND RECEIVES FUNDS AND FOOD INVENTORY COMMODITIES FROM THE TEXAS DEPARTMENT OF AGRICULTURE AND USDA FOR THE PARTICIPATION IN THE NATIONAL SCHOOL AND BREAKFAST PROGRAM. X 1 1 X X X 0 0 0 0 0 0 0 0 0 BRUCE C ROCKSTROH SUPERINTENDENT / CEO 172127 0 0 0 0 0 12500 0 20799 0 205426 0 0 0 A DANBURY HIGHER EDUCATION AUTHORITY INC 760663443 236035BH3 2013-07-02 9945000 SEE PART VI 0 1 0 A 9799443 758382 412501 6357373 198900 2015 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 1 A 0 SCHEDULE K, PART I AND PART II THE TOTAL PROCEEDS LISTED ON PART II, LINE 3 DIFFER FROM THE AMOUNT REPORTED ON PART I, COLUMN (E): PAR AMOUNT OF BONDS OF $9,945,000, PLUS ACCRUED INTEREST OF $53,342.60 LESS $198,900.00 IN PARTIAL PAYMENT OF UNDERWRITER'S DISCOUNT. SCHEDULE K, PART I, LINE A, COLUMN (F) DESCRIPTION OF PURPOSE: PROPERTY ACQUISITION AND CONSTRUCTION AT THE INSPIRE ACADEMIES CAMPUS. X 1034 63498 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING A COMBINATION OF THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. FORM 990, PART IV, LINE 24A BRAINATION, INC. AND ITS AFFILIATES' OBLIGATIONS UNDER BONDS PAYABLE CONSIST OF EDUCATION REVENUE BONDS (SERIES 2013A) ISSUED THROUGH DANBURY HIGHER EDUCATION AUTHORITY, INC. AND DATED JUNE 1, 2013. ALL BONDS WERE CLOSED AND FUNDED ON JULY 2, 2013, WITH PROCEEDS BEING HELD BY THE U.S. BANK NATIONAL ASSOCIATION. THE BONDS' PROCEEDS WILL BE USED FOR PROPERTY ACQUISITION AND CONSTRUCTION AT THE ANNE FRANK INSPIRE ACADEMY CAMPUS AND WERE UNDERWRITTEN BY OPPENHEIMER & CO., INC. THE INTEREST RATES ON THE BONDS RANGE FROM 5.25% TO 6.50%, AND THE TERMS OF THE BONDS RANGE FROM TEN TO THIRTY YEARS. AS OF AUGUST 31, 2018, BONDS PAYABLE WAS $8,655,851, CONSISTING OF BONDS PAYABLE - CURRENT OF $170,000 AND BONDS PAYABLE - LONG-TERM OF $8,485,851. AS OF AUGUST 31, 2017, BONDS PAYABLE WAS $8,793,335, CONSISTING OF BONDS PAYABLE - CURRENT OF $160,000 AND BONDS PAYABLE - LONG-TERM OF $8,633,335. SECTION 5.9 OF THE SERIES 2013A BOND COVENANTS ESTABLISHES A DEBT SERVICE COVERAGE RATIO, WHICH STIPULATES THAT AVAILABLE REVENUES (I.E., THE AMOUNT OF EXCESS (DEFICIT) OF ADJUSTED REVENUES OVER EXPENSES) FOR EACH FISCAL YEAR MUST BE EQUAL TO AT LEAST 1.10 TIMES THE ANNUAL DEBT SERVICE REQUIREMENTS OF BRAINATION, INC. AS OF THE END OF THE FIRST FISCAL YEAR AFTER THE DATE OF ISSUANCE OF THE BONDS AND ANNUALLY THEREAFTER UNTIL THE BONDS HAVE BEEN PAID IN FULL. EXPENSES INCLUDE ALL OPERATING AND NON-OPERATING EXPENSES OR LOSSES INCURRED DURING THE FISCAL YEAR OTHER THAN (A) INTEREST EXPENSE, (B) DEPRECIATION AND AMORTIZATION, (C) EXTRAORDINARY LOSSES AND (D) CAPITAL EXPENDITURES. INTEREST EXPENSE ON BONDS PAYABLE WAS $589,537 AND $596,997 FOR THE YEARS ENDED AUGUST 31, 2018 AND 2017, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE 990 TAX RETURN AT A BOARD MEETING. IN ADDITION, THE BOARD CERTIFIES THE AUDITED FINANCIAL STATEMENTS THAT ARE USED IN THE PREPARATION OF THE 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION FOLLOWS THE NECESSARY TEXAS EDUCATION AGENCY REQUIREMENTS OF INDEPENDENCE. ALL TRANSACTIONS ARE MONITORED FOR POSSIBLE CONFLICTS OF INTEREST. THE ORGANIZATION ENFORCES POLICIES THAT ARE IN COMPLIANCE WITH THE REQUIREMENTS OF THE TEXAS EDUCATION AGENCY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF THE ORGANIZATION REVIEWS AND SURVEYS COMPARABLE DATA IN DETERMINING COMPENSATION. THE BOARD OF DIRECTORS APPROVE THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION BRAINATION INC 10325 BANDERA ROAD SAN ANTONIO, TX 78250 EMPLOYER IDENTIFICATION NUMBER: 74-2869255 FOR THE YEAR ENDING AUGUST 31, 2018 BRAINATION INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). EDUCATIONAL RESOURCE CENTER FOUNDATION 10325 BANDERA ROAD SAN ANTONIO TX 78250 451144651 SUPPORTING BRAINATION, INC. TX 501(C)(3) LINE 12B, II BRAINATION INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 EDUCATIONAL RESOURCE CENTER FOUNDATION D 1800 AMOUNT FROM AUDITED FINANCIALS