2019-05-08T11:56:46-05:00 2018-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2017-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC % BONNIE VAVRA ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2019-05-15 true MARC AZAR P91739349 4048746244 2019-05-15 50.227.246.66 67983820191285000002 2019-05-08 P 32F818A25FF1E66BC404F8CE14DCD23EB7EF77E5 F8E4287877395D9B42CC220EDF34A5C377D34958 2017 2019-02-21 02:37:17Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 25302364 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. 34 33 185 300 0 1666291 1600742 12660954 12659495 620294 859290 -19752 -70889 14927787 15048638 1548390 1604953 0 0 7503597 7234383 0 0 502349 4037368 4716931 13089355 13556267 1838432 1492371 53907622 54551267 15414813 14166099 38492809 40385168 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 9409477 1604953 12659495 THE CORPORATION OPERATED AS A NON-PROFIT PRE-K THROUGH EIGHTH GRADE PRIVATE SCHOOL WITH 512 STUDENTS IN ATTENDANCE. 9409477 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 35 0 true 185 true true true false false false false true true false false false false false X 34 33 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 General Board Member 1.0 0.0 X 0 0 0 Abby Bechler-Karsch General Board Member 1.0 0.0 X 0 0 0 Mara Berman General Board Member 1.0 0.0 X 0 0 0 Dana Bernath General Board Member 1.0 0.0 X 0 0 0 Melinda Cobb General Board Member 1.0 0.0 X 0 0 0 Ann Davis General Board Member 1.0 0.0 X 0 0 0 Elizabeth Davis General Board Member 1.0 0.0 X 0 0 0 Laura Dinerman General Board Member 1.0 0.0 X 0 0 0 Mark Edelstein General Board Member 1.0 0.0 X 0 0 0 Russell Falkenstein General Board Member 1.0 0.0 X 0 0 0 Lisa Freedman General Board Member 1.0 0.0 X 0 0 0 Scott Galanti General Board Member 1.0 0.0 X 0 0 0 David Goldberg General Board Member 1.0 0.0 X 0 0 0 Billie Greenberg Treasurer 1.0 0.0 X 0 0 0 Lisa Haynor General Board Member 1.0 0.0 X 0 0 0 Jeff Hopkins Vice-President 1.0 0.0 X 0 0 0 Hope Kaufman General Board Member 1.0 0.0 X 0 0 0 Jami Kohn General Board Member 1.0 0.0 X 0 0 0 Marl Kopkin General Board Member 1.0 0.0 X 0 0 0 Debbie Kurzwell Immediate Past President 1.0 0.0 X 0 0 0 Jon Leven President 1.0 0.0 X 0 0 0 Kevin Levingston General Board Member 1.0 0.0 X 0 0 0 Brian Mand General Board Member 1.0 0.0 X 0 0 0 Arlene Marcus General Board Member 1.0 0.0 X 0 0 0 Bobbi Peristein General Board Member 1.0 0.0 X 0 0 0 Barbara Pollock General Board Member 1.0 0.0 X 0 0 0 Dulcy Rosenberg General Board Member 1.0 0.0 X 0 0 0 Edwin Rothberg General Board Member 1.0 0.0 X 0 0 0 Bill Rothschild General Board Member 1.0 0.0 X 0 0 0 Carol Rubin Secretary 1.0 0.0 X 0 0 0 Stanley Sonenshine General Board Member 1.0 0.0 X 0 0 0 Evan Toporek Vice-President 1.0 0.0 X 0 0 0 Sam Tuck General Board Member 1.0 0.0 X 0 0 0 Art Wildstein General Board Member 1.0 0.0 X 0 0 0 Dean Benamy Past President - Non Voting 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 Carol Nemo Past President - Non Voting 1.0 0.0 X 0 0 0 Tonia Sellers Past President - Non Voting 1.0 0.0 X 0 0 0 Ben Sillens Past President - Non Voting 1.0 0.0 X 0 0 0 Harriet Zoller Past President - Non Voting 1.0 0.0 X 0 0 0 Jay Davis Trustee for Life - Non Voting 1.0 0.0 X 0 0 0 Sid Kirshner Trustee for Life - Non Voting 1.0 0.0 X 0 0 0 William Breman z'l Trustee for Life - Non Voting 1.0 0.0 X 0 0 0 Amy Shafron Head of School 40.0 0.0 X 334544 0 32893 Bonnie Vavra Chief Financial Officer 40.0 0.0 X 198223 0 14999 Drew Frank Principal/Associate Head of Sc 40.0 0.0 X 179833 0 63916 Micah Lapidus School Rabbi/Director of Jewi 40.0 0.0 X 113161 0 25651 Elisa Prager Director of Institutional Adva 40.0 0.0 X 141790 0 14420 Karen Rogow Director of Marketing 40.0 0.0 X 121679 0 34448 Jeffrey Rothstein Assistant Principal 40.0 0.0 X 130265 0 57947 1219495 0 244274 7 false true false Samson Trailways 3745 Zip Industrial Blvd ATLANTA GA 30354 Buses 113242 SAGE Dining Services Inc 1402 York Road LUTHERVILLE MD 21093 Food Service 619077 Cleanstar National Inc 1690 Enterprise Way Ste B MARIETTA GA 30067 Janitorial & Cleanin 268838 3 X 429134 1171608 1600742 TUITION AND FEES 12642234 12642234 MISC PROGRAM SERVICE REVENUE 16531 16531 YEARBOOK REVENUE 730 730 12659495 616424 616424 0 0 91475 105381 -13906 0 -13906 -13906 10244112 7040 9981826 26460 262286 -19420 242866 -19420 262286 83076 429134 140059 -56983 -56983 0 0 0 0 0 0 0 15048638 12640075 807821 0 1604953 1604953 0 0 539450 377615 161835 0 5340103 4099670 1020310 220123 181327 141629 31524 8174 1173503 890960 237022 45521 0 0 15815 15815 48750 48750 0 0 122672 122672 0 40588 39071 1517 86797 852 85945 120119 45772 74347 0 204918 143443 61475 0 0 14064 12399 1665 245345 245345 0 1133666 793566 340100 111393 77975 33418 MAINTENANCE & REPAIRS 679448 475614 203834 DINING SERVICE 594756 594756 CLEANING SERVICE CONTRACT 194895 194895 EDUCATIONAL SUPPLIES 115428 115428 988277 412460 510638 65179 13556267 9409477 3644441 502349 X 1607232 1602726 6926368 9071939 2747343 1859946 71033 100547 0 0 0 0 0 0 0 0 359202 414977 34668888 13391731 22230890 21277157 6074285 1763929 13717537 18302108 0 0 173732 157938 0 0 53907622 54551267 995895 711496 0 0 5116276 4985265 8144004 7493004 0 0 0 0 100000 0 0 0 1058638 976334 15414813 14166099 X 32723144 35111123 4468374 3735273 1301291 1538772 38492809 40385168 53907622 54551267 X 1492371 433088 -33100 X X false true X true false X 1651218 6444709 2682382 1666291 1600742 14045342 0 0 1651218 6444709 2682382 1666291 1600742 14045342 867674 13177668 579533 621218 658733 683815 707899 3251198 0 0 17296540 62542911 0.76187 0.78158 X 7783221 237481 452511 46696 8426517 6702416 104018 936634 -82515 42362 7783221 6781851 134027 -92093 82515 38854 6702416 5534563 1109774 172370 34856 6781851 3411671 1606343 536415 19866 5534563 0.72510 0.18260 0.09230 false false 2226200 2226200 26983961 9613112 17370849 3032293 2164079 868213 2426435 1614540 811895 21277157 ENDOWMENTS 18302108 F 18302108 0 TAXABLE BOND PAYABLE 976334 976334 X 13915515 433088 264860 697948 13217567 122672 1708399 1831071 15048638 12023156 297960 297960 11725196 122672 1708399 1831071 13556267 Schedule D, Part V, Line 4 Endowment assets include those assets of donor-restricted funds that 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. 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, 2018 and 2017, 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, 2015. During December 2017, the President of the United States of America signed into law the Tax Cuts and Jobs Act. Under this act, maximum corporate tax rates were reduced from a maximum rate of 35% to a flat rate of 21%. There are other changes to the tax law that may affect the Academy, but the magnitude of such changes has not been determined. The Academy's tax liability for any potential unrelated business income tax should not be significant. Schedule D, Part XI, Line 2D 105,381 Direct Rental Expenses 140,059 + Direct Fundraising Expenses 19,420 + Expenses Netted With Revenue on Audited Financials -------------------------- 264,860 = Schedule D, Part XI, Line 4B 1,708,399 Tuition Assistance Schedule D, Part XII, Line 2D 105,381 Direct Rental Expenses 140,059 + Direct Fundraising Expenses 33,100 + Bad Debt Recovery 19,420 + Expenses Netted With Revenue on Audited Financials -------------------------- 297,960 = Schedule D, Part XII, Line 4B 1,708,399 Tuition Assistance 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 45912 45912 45912 false false false false false false GOLF TOURNAMENT 143686 115600 28086 27989 6021 9127 CELEBRATION 368524 313534 54990 20678 49104 27140 0 512210 429134 83076 48667 55125 36267 140059 -56983 true Financial Assistance as Reduction in Tuition 176 1033688 Amount of Tuition Reduction in Tuition Financial Aid for Students 101 571265 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 Sc 147968 0 10000 0 21865 0 7398 0 56704 0 243935 0 0 0 Elisa Prager Director of Institutional Adva 138290 0 3500 0 0 0 6915 0 7691 0 156396 0 0 0 Karen Rogow Director of Marketing 100000 0 10000 0 11679 0 5000 0 29606 0 156285 0 0 0 Jeffrey Rothstein Assistant Principal 106267 0 2600 0 21398 0 41 0 58074 0 188380 0 0 0 Amy Shafron Head of School 304544 0 30000 0 0 0 13500 0 19579 0 367623 0 0 0 Bonnie Vavra Chief Financial Officer 172348 0 25875 0 0 0 8000 0 7185 0 213408 0 0 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 3096996 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 See Supplemental Info 42085 Compensation false Part IV, Column (B) Jill Rosenbluth - Family member of Billie Greenberg (Board Member) 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 and is the sister of Jay Davis (Trustee for Life). Form 990, Part VI, Section B, Line 11 The Board President, Head of School and CFO review the return in detail prior to filing, and a copy is provided for all board members to review before filing. 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 -33,100 Bad Debt Related to Prior Year Pledges 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.