2018-05-15T11:09:25-05:00 2017-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2016-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC % BONNIE VAVRA ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2018-05-15 true MARC AZAR P91739349 4048746244 2018-05-15 50.227.246.66 67983820181355000009 2018-05-15 P 393F9733863A9B9F53B34903B419219ED5CB0DFB E3A3279DC45F1A1431D903614FD71A88EADBB2DB 2016 2021-01-29 14:40:06Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 23794418 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. 35 35 166 350 0 0 2682382 1666291 12523707 12660954 306228 620294 -6943 -19752 15505374 14927787 1721410 1548390 0 0 7483164 7503597 0 0 436973 3214240 4037368 12418814 13089355 3086560 1838432 51502805 53907622 16124335 15414813 35378470 38492809 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 7874933 1548390 12660954 THE CORPORATION OPERATED AS A NON-PROFIT PRE-K THROUGH EIGHTH GRADE PRIVATE SCHOOL WITH 542 STUDENTS IN ATTENDANCE. 7874933 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 true false false false false false false false false true 41 0 true 166 true false false false false false true true false false false false false X 35 35 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 Penni Alper Board Member 1.0 0.0 X 0 0 0 Karl Altmann Board Member 1.0 0.0 X 0 0 0 Dean Benamy Past President 1.0 0.0 X 0 0 0 Sherri Berger Board Member 1.0 0.0 X 0 0 0 Mara Berman Vice President 1.0 0.0 X 0 0 0 William Bremen Trustee for Life 1.0 0.0 X 0 0 0 Melinda Cobb Board Member 1.0 0.0 X 0 0 0 Ann Davis Board Member 1.0 0.0 X 0 0 0 Elizabeth Davis Board Member 1.0 0.0 X 0 0 0 Jay Davis Trustee for Life 1.0 0.0 X 0 0 0 Laura Dinerman Board Member 1.0 0.0 X 0 0 0 Mark Edelstein Board Member 1.0 0.0 X 0 0 0 Jan Epstein Past President 1.0 0.0 X 0 0 0 Bryan Fields Past President 1.0 0.0 X 0 0 0 Lisa Freedman Board Member 1.0 0.0 X 0 0 0 Scott Galanti Board Member 1.0 0.0 X 0 0 0 Billie Greenberg Treasurer 1.0 0.0 X 0 0 0 Lisa Haynor Board Member 1.0 0.0 X 0 0 0 Jeff Hopkins Vice President 1.0 0.0 X 0 0 0 Hope Kaufman Board Member 1.0 0.0 X 0 0 0 Sid Kirschner Trustee for Life 1.0 0.0 X 0 0 0 Jami Kohn Board Member 1.0 0.0 X 0 0 0 Mark Kopkin Board Member 1.0 0.0 X 0 0 0 Debbie Kurzweil Immediate Past President 1.0 0.0 X 0 0 0 Jonathan Leven President 1.0 0.0 X 0 0 0 Kevin Levingston Board Member 1.0 0.0 X 0 0 0 Sandy London Board Member 1.0 0.0 X 0 0 0 Brian Mand Board Member 1.0 0.0 X 0 0 0 Arlene Marcus Board Member 1.0 0.0 X 0 0 0 Carol Nemo Past President 1.0 0.0 X 0 0 0 Barbara Pollock Board Member 1.0 0.0 X 0 0 0 Alan Rosenberg Board Member 1.0 0.0 X 0 0 0 Dulcy Rosenberg Board Member 1.0 0.0 X 0 0 0 Edwin Rothberg Board Member 1.0 0.0 X 0 0 0 Bill Rothschild Board Member 1.0 0.0 X 0 0 0 Carol Rubin Secretary 1.0 0.0 X 0 0 0 Tonia Sellers Past President 1.0 0.0 X 0 0 0 Benjamin Sillins Past President 1.0 0.0 X 0 0 0 Stanley Sonenshine Board Member 1.0 0.0 X 0 0 0 Evan Toporek Vice President 1.0 0.0 X 0 0 0 Dawn Tresh Board Member 1.0 0.0 X 0 0 0 Sam Tuck Board Member 1.0 0.0 X 0 0 0 Art Wildstein Board Member 1.0 0.0 X 0 0 0 Harriet Zoller Past President 1.0 0.0 X 0 0 0 Amy Shafron Head of School 40.0 0.0 X 318383 0 32835 Bonnie Vavra Chief Financial Officer 40.0 0.0 X 178872 0 13023 Drew Frank Principal / Associate Head of 40.0 0.0 X 176350 0 61794 Micah Lapidus School Rabbi/Director of Jewis 40.0 0.0 X 105783 0 13985 Elisa Prager Director of Institutional Adva 40.0 0.0 X 142025 0 14310 Jeffrey Rothstein Assistant Principal 40.0 0.0 X 126557 0 53218 1047970 0 189165 6 false true false NPS Enterprises Inc 2240 Berkeley Cove Court DULUTH GA 30096 Janitorial&Cleaning 255386 Samson Trailways 3745 Zip Industrial Blvd ATLANTA GA 30354 Buses 133152 Warren Epstein Associate Architec 1785 Cheshire Bridge Road NE ATLANTA GA 30324 Engineering & Arch. 117273 3 X 235840 1430451 99462 1666291 TUITION AND FEES 12655152 12655152 MISC PROGRAM SERVICE REVENUE 5722 5722 YEARBOOK REVENUE 80 80 12660954 620397 620397 0 0 63418 83813 -20395 0 -20395 -20395 8731952 8732055 -103 -103 -103 51406 235840 50763 643 643 0 0 0 0 0 0 0 14927787 12660954 600542 X 0 1548390 1548390 0 0 517007 517007 0 5553001 4321464 951421 280116 193259 151742 31321 10196 1240330 933368 244678 62284 0 0 18428 18428 47250 47250 0 0 114839 114839 0 36156 34894 1262 83603 862 82741 98860 21017 77843 0 214058 214058 0 0 22304 20379 1925 270973 270973 0 977156 977156 112472 112472 MAINTENANCE & REPAIRS 620436 620436 DINING SERVICE 293976 293976 CLEANING SERVICE CONTRACT 214277 214277 EDUCATIONAL SUPPLIES 166346 160039 6307 746234 423696 239423 83115 13089355 7874933 4777449 436973 X 1904453 1607232 7729986 6926368 3968965 2747343 124605 71033 0 0 0 0 0 0 0 0 333869 359202 34646668 12415778 18507043 22230890 5734240 6074285 13010118 13717537 0 0 189526 173732 0 0 51502805 53907622 828636 995895 0 0 5378211 5116276 8779008 8144004 0 0 0 0 0 100000 0 0 1138480 1058638 16124335 15414813 X 28676054 32723144 5505143 4468374 1197273 1301291 35378470 38492809 51502805 53907622 X 1838432 1299004 -23097 X X false true X true false X 2063171 1651218 6444709 2682382 1666291 14507771 0 0 2063171 1651218 6444709 2682382 1666291 14507771 1018141 13489630 360765 579533 621218 570754 600002 2732272 19493 19493 0 17259536 61909245 0.78158 0.76384 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6702416 104018 936634 -82515 42362 7783221 6781851 134027 -92093 82515 38854 6702416 5534563 1109774 172370 34856 6781851 3411671 1606343 536415 19866 5534563 2937476 146260 343690 15755 3411671 0.74430 0.16720 0.08850 false false 2226200 2226200 27044426 9015045 18029381 2949634 1938402 1011232 2426409 1462332 964077 22230890 ENDOWMENTS 13717537 F 13717537 0 TAXABLE BOND PAYABLE 1058638 1058638 X 14784075 1299004 221379 1520383 13263692 114839 1549256 1664095 14927787 11669736 244476 244476 11425260 114839 1549256 1664095 13089355 Schedule D, Part V, Line 4 Endowment assets include those assets of donor restricted funds the 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, 2017 and 2016, 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, 2014. Schedule D, Part XI, Line 2D 83,813 Direct Rental Expenses 50,763 + Direct Fundraising Expenses 86,803 + Expenses, netted with Revenue -------------------------- 221,379 = Schedule D, Part XI, Line 4B 1,548,390 Tuition Assistance 550 + Booster Club - Concessions 316 + GAAP Expense, Net of Revenue -------------------------- 1,549,256 = Schedule D, Part XII, Line 2D 83,813 Direct Rental Expenses 50,763 + Direct Fundraising Expenses 23,097 + Bad Debt Recovery 86,803 + Expenses, netted with revenue -------------------------- 244,479 = Schedule D, Part XII, Line 4B 1,548,390 Tuition Assistance 550 + Booster Club - Concessions 316 + GAAP Expense, Net of Revenue -------------------------- 1,549,256 = 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 23859 23859 23859 false false false false false false Golf Tournament 193457 142051 51406 27650 11903 11210 Special Initiat 93789 93789 0 287246 235840 51406 27650 11903 11210 50763 643 true Financial Assistance as Reduction in Tuition 71 965359 Amount of Tuition Reduction in Tuition Financial Aid for Students 112 583031 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 145238 0 10876 0 20236 0 8274 0 53705 0 238329 0 0 0 Elisa Prager Director of Institutional Adva 137025 0 5000 0 0 0 6851 0 7643 0 156519 0 0 0 Jeffrey Rothstein Assistant Principal 104146 0 2500 0 19911 0 1050 0 52344 0 179951 0 0 0 Amy Shafron Head of School 288383 0 30000 0 0 0 13250 0 19769 0 351402 0 0 0 Bonnie Vavra Chief Financial Officer 168872 0 10000 0 0 0 8328 0 4880 0 192080 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 0 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 X 1 99462 FMV false true false Part I, Column B Contributions in column B signify number of contributions in total donated to the Academy. 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. Stanley Soneshine is a board member and is the brother of Ann Davis. Dulcy Rosenberg is a board member of the Academy. Alan Rosenberg is the son-in-law of Dulcy and serves as a member of the board. 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 -23,097 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.