2019-05-21T14:36:12-05:00 2018-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2017-07-01 541371815 THE J127 EDUCATION FOUNDATION J127 7038540619 9657 BLAKE LANE FAIRFAX VA 22031 CHRISTIN SOLY EXECUTIVE DIRECTOR 7038540619 2019-05-21 1 AMANDA ADAMS P00748038 7043771678 68.142.180.174 2019-05-21 04:23:40 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2017 2019-02-21 02:37:17Z CHRISTIN SOLY 9657 BLAKE LANE FAIRFAX VA 22031 14019092 0 X WWW.MERRITTACADEMY.ORG, WWW.FIRSTSTEPSTYSONS.COM X 1986 VA ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 640 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 4 2 364 0 0 0 32365 400 13612828 13696031 680048 236814 80082 66791 14405323 14000036 356815 437649 0 0 9279261 9312631 0 0 0 3397555 3389531 13033631 13139811 1371692 860225 15358571 16520492 6735924 6503192 8622647 10017300 THE J127 EDUCATION FOUNDATION RUNS ACTIVITIES OF THREE PRIVATE SCHOOLS IN NORTHERN VIRGINIA. 0 0 11612431 437649 13696031 ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 640 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 11612431 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 36 0 1 364 1 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 1 1 1 0 0 0 0 1 1 1 1 1 0 1 0 VA X STEPHEN ROBERSON 7032738000 9211 ARLINGTON BOULEVARD FAIRFAX VA 22031 TERESA KLAASSEN CHAIRMAN 2.00 1.00 X X 0 0 0 PAUL KLAASSEN VICE CHAIRMAN 1.00 2.00 X X 0 0 0 CAROL EDELSTEIN BOARD MEMBER 1.00 X 0 0 0 AMY FEATHER BOARD MEMBER 1.00 0.50 X 0 0 0 CHRISTIN SOLY SECRETARY; EXECUTIVE DIREC 40.00 20.00 X 214607 0 80094 DESIREE KARDASHIAN DIRECTOR OF FINANCE AND AD 40.00 15.00 X 108016 0 2195 PETER SMITH DIRECTOR OF FACILITIES 40.00 X 119349 0 9185 LINDA POTTS PRINCIPAL 40.00 X 103576 0 17851 545548 0 109325 4 0 1 0 0 400 400 TUITION 611110 13116787 13116787 OTHER SCHOOL RELATED INCOME 611110 579244 579244 13696031 224393 224393 59729 0 59729 59729 59729 15584 0 3163 15584 -3163 12421 12421 20065 15893 4172 4172 2890 2890 2890 14000036 13696031 0 303605 437649 437649 404912 348826 56086 7345066 6426462 918604 41421 26334 15087 955502 776618 178884 565730 495312 70418 -36058 -36058 21673 21673 104189 104189 52985 52985 67157 63835 3322 48941 48941 230048 212083 17965 39685 22629 17056 1231127 1172712 58415 9431 8015 1416 104994 99744 5250 469653 446170 23483 220815 209774 11041 FOOD SERVICES 431728 431728 SCHOOL OPERATIONS 252977 252977 PROPERTY TAXES 70322 66806 3516 AFTER SCHOOL ACTIVITIES 60586 60586 9278 5230 4048 13139811 11612431 1527380 0 1688015 2084538 58489 95252 237577 195912 12008426 6708268 5567407 5300158 7777513 8815062 29570 29570 15358571 16520492 793206 777535 1484367 1526896 4458351 4198761 6735924 6503192 X 8621147 10015800 1000 1000 500 500 8622647 10017300 15358571 16520492 X 860225 528977 5451 X 0 1 X 1 0 X 2467030 1301788 1165242 8246847 4582369 3664478 954288 676878 277410 340261 147233 193028 5300158 INVESTMENTS WITH J127 FOUNDATION 8815062 F 8815062 DEFERRED RENT INCENTIVE 205842 DUE TO J127 FOUNDATION 3946479 CAPITAL LEASE OBLIGATIONS 46440 4198761 X 14057435 528977 -437649 91328 13966107 52985 -19056 33929 14000036 12662782 13605 13605 12649177 52985 437649 490634 13139811 PART X, LINE 2: THE EDUCATION FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE EDUCATION FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2018. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE EDUCATION FOUNDATION HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS -437,649. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET -3,163. FUNDRAISING EXPENSES REPORTED NET OF REVENUES -15,893. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 3,163. BAD DEBT EXPENSE -5,451. FUNDRAISING EXPENSES REPORTED NET OF REVENUES 15,893. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 437,649. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE FOUNDATION'S WEBSITE INCLUDES A STATEMENT ABOUT OUR NONDISCRIMINATORY POLICY. BOOK FAIR 7726 7726 5974 SUMMER CAMP T-SHIRTS 3151 3151 3094 9 9187 9187 6825 20064 20064 15893 15893 4171 1 FINANCIAL AID TO STUDENT FAMILIES 41 437649 BOOK TUITION REDUCTION PART I, LINE 2: FINANCIAL AID AWARDED TO STUDENT FAMILIES IS MADE BASED UPON NEED AND APPLICATION, AND IS USED ONLY FOR TUITION. FINANCIAL AID MONEY IS CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS. X X 0 0 0 0 0 0 0 0 0 CHRISTIN SOLY SECRETARY; EXECUTIVE DIREC 214607 0 0 0 0 0 163 0 79931 0 294701 0 0 0 CHRISTIN SOLY MS. SOLY IS A FAMILY MEMBER OF THE OFFICERS 214607 COMPENSATION PAID TO MS. SOLY AS AN EMPLOYEE OF THE FOUNDATION. 0 APPLETREE OF FAIRFAX INC MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION AND OWNERS OF APPLETREE 152400 THE FOUNDATION LEASES PROPERTY FROM APPLETREE OF FAIRFAX INC. 0 PAUL AND TERESA KLAASSEN MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION 237384 THE FOUNDATION LEASES PROPERTY OWNED BY MR. & MRS. KLAASEN. 0 FORM 990, PART VI, SECTION A, LINE 2 PAUL AND TERESA KLAASSEN ARE HUSBAND AND WIFE. CHRISTIN SOLY IS THEIR DAUGHTER. FORM 990, PART VI, SECTION A, LINE 7A THE J127 FOUNDATION IS THE SOLE MEMBER AND HAS THE RIGHT TO APPOINT THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER, J127 FOUNDATION, HAS THE POWER TO APPOINT AND REMOVE THE SCHOOL'S HEADMASTER, TO APPROVE ANY BORROWINGS BY THE EDUCATION FOUNDATION, TO ELECT AND REMOVE THE DIRECTORS OF THE EDUCATON FOUNDATION, AND TO APPROVE THE ADOPTION OF AND ANY ADMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AND THEREFORE THERE ARE NO MEETINGS TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING DIRECTOR REVIEWS THE FORM 990 AND THEN SUBMITS IT TO THE CHAIRMAN OF THE BOARD OR SECRETARY OF THE BOARD FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS COMPLETED A DISCLOSURE STATEMENT AND WILL DO SO ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT, THAT PERSON WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD PERFORMS A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THIS PROCESS INCLUDES A REVIEW OF COMPARABILITY DATA. COMPARABILITY DATA CAN INCLUDE COMPENSATION SURVEYS, AND WRITTEN EMPLOYMENT CONTRACTS. THE BOARD RETAINS DOCUMENTATION OF THE DELIBERATION AND FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE 5,451. THE J127 FOUNDATION 9657 BLAKE LANE FAIRFAX VA 22031 450523312 SUPPORTING ORGANIZATION TO J127 EDUCATION FOUNDATION VA 501(C)(3) LINE 12B, II THE J127 EDUCATION FOUNDATION 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 THE J127 FOUNDATION E 3946479 FMV THE J127 FOUNDATION O 157190 FMV LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE