2018-03-01T15:22:22-06:00 2017-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-07-01 541371815 The J127 Education Foundation J127 7038540619 9657 BLAKE LANE FAIRFAX VA 22031 CHRISTIN SOLY EXECUTIVE DIRECTOR 7038540619 2018-02-23 1 Amanda Adams P00748038 7043771678 68.142.180.174 2018-02-23 16:00:34 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8E0118A2D78CC4B3215E9E542689DC78818A7208 2016 2021-01-29 14:40:06Z CHRISTIN SOLY 9657 BLAKE LANE FAIRFAX VA 22031 14405323 0 X WWW.MERRITTACADEMY.ORG, WWW.FIRSTSTEPSTYSONS.COM X 1986 VA ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 630 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 4 2 385 0 0 0 8005 32365 13147799 13612828 -13411 680048 72449 80082 13214842 14405323 344080 356815 0 0 9058877 9279261 12421 0 12609 3228057 3397555 12643435 13033631 571407 1371692 14021182 15358571 6773092 6735924 7248090 8622647 THE J127 EDUCATION FOUNDATION RUNS ACTIVITIES OF THREE PRIVATE SCHOOLS IN NORTHERN VIRGINIA. 0 0 11518889 356815 13616596 ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 644 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 11518889 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 33 0 1 385 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 Desiree Kardashian 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 Director 1.00 0.00 X 0 0 0 SUSIE CLARK director 1.00 0.50 X 0 0 0 Christin Soly Secretary; Executive Direc 40.00 20.00 X 209622 0 66975 Desiree Kardashian Director of Finance and Ad 40.00 15.00 X 100000 0 483 Peter Smith Director of Facilities 40.00 X 114507 0 9185 Linda Potts Principal 40.00 X 100673 0 12041 524802 0 88684 3 0 1 0 0 32365 32365 TUITION 611110 13052515 13052515 OTHER SCHOOL RELATED INCOME 611110 560313 560313 13612828 114292 114292 57518 0 57518 57518 57518 565756 0 565756 565756 565756 18796 0 18796 18796 3768 3768 3768 14405323 13616596 0 756362 356815 356815 304884 268228 36656 7440041 6549350 890691 38460 23169 15291 920276 739733 180543 575600 509384 66216 -36297 -36297 12381 12381 117008 117008 43461 43461 67500 61936 5564 29247 29247 238597 220347 18250 63251 42895 20356 1194626 1137228 57398 6108 5292 816 75773 71984 3789 450341 427824 22517 214532 203805 10727 food services 452385 452385 school operations 278357 278357 after school activities 69959 69959 PROPERTY TAXES 67888 64494 3394 52438 35704 4125 12609 13033631 11518889 1502133 12609 1218935 1688015 72672 58489 236247 237577 11811758 6244351 5777613 5567407 5573283 7777513 1142432 29570 14021182 15358571 742403 793206 1394171 1484367 4636518 4458351 6773092 6735924 X 7246590 8621147 1000 1000 500 500 7248090 8622647 14021182 15358571 1371692 2865 0 X 0 1 X 1 0 X 2467030 1235071 1231959 8177247 4302941 3874306 874970 575685 299285 292511 130654 161857 5567407 investments with j127 foundation 7777513 F 7777513 deferred rent incentive 245050 due to J127 Foundation 4203701 Capital Lease Obligations 9600 4458351 X 14007912 2865 -356815 -353950 14361862 43461 43461 14405323 12633355 0 12633355 43461 356815 400276 13033631 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, 2017. 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, 2017. Part XI, Line 2d - Other Adjustments: tuition discounts shown net of revenue on financials -356,815. Part XII, Line 4b - Other Adjustments: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 356,815. 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. 1 FINANCIAL AID TO STUDENT FAMILIES 17 356815 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 209622 0 0 0 0 0 288 0 66687 0 276597 0 0 0 chriSTIN SOLY ms. soly is a family member of the officers 209909 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 232689 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. THE J127 FOUNDATION 9657 BLAKE LANE FAIRFAX VA 22031 450523312 SUPPORTING ORGANIZATION TO J127 EDUCATION FOUNDATION VA 501(c)(3) Line 12a, I 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 4203701 FMV