2017-05-11T12:27:24-05:00 2016-06-30 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2015-07-01 561898871 CALDWELL ACADEMY CALD 3366651161 2900 HORSEPEN CREEK RD GREENSBORO NC 27410 MICHAEL LAPEIRRE TREASURER 3366651161 2017-05-08 1 ARTHUR M WINSTEAD JR CPA P00002868 3362759886 2015 2021-01-29 14:40:06Z MICHAEL LAPEIRRE 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 8506989 0 X WWW.CALDWELLACADEMY.COM X 1994 NC CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 11 11 233 500 0 0 3051696 1854562 6731500 6625060 9811 16998 10027 4800 9803034 8501420 285978 310429 0 0 4860184 4552751 0 0 187146 2437340 2356588 7583502 7219768 2219532 1281652 19213506 20326045 13275760 13543930 5937746 6782115 CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILD BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 0 0 6227539 310429 6625060 OPERATED A PRESCHOOL-GRADE 12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. THE PRESCHOOL THROUGH 12TH GRADE OPERATIONS INCLUDE RELATED SCHOOL ACTIVITIES SUCH AS CLUBS, ARTS AND SPORTS. 6227539 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 233 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DENA TOTH 3366651161 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 ANDERSON PIPER BOARD MEMBER 1.00 X 0 0 0 CARLOCK KRISTIN CHAIRMAN 1.00 X X 0 0 0 CROSSLEY PATTY VICE CHAIRMAN 1.00 X X 0 0 0 LAPEIRRE MIKE TREASURER 1.00 X X 0 0 0 HOLLEY LAURA BOARD MEMBER 1.00 X 0 0 0 KIRKPATRICK JIM BOARD MEMBER 1.00 X 0 0 0 KORNEGAY JOHN BOARD MEMBER 1.00 X 0 0 0 NORRIS STEVE SECRETARY 1.00 X X 0 0 0 RAMOS LESLIE BOARD MEMBER 1.00 X 0 0 0 REYNOLDS JILL BOARD MEMBER 1.00 X 0 0 0 YORK BRENT BOARD MEMBER 1.00 X 0 0 0 BISHOP WILLIAM BUSINESS MANAGER 40.00 X 76151 0 8437 COX SAMUEL HEAD OF SCHOOL 40.00 X 142401 0 15458 218552 0 23895 1 0 1 0 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING JANITORIAL 105120 1 1854562 307478 1854562 STUDENT TUITION, FEES 611600 6396842 6396842 OTHER OPERATING REVENU 611600 202895 202895 BOOSTER CLUB INCOME 611600 25323 25323 6625060 21067 21067 4800 0 4800 4800 4800 1500 5569 0 -5569 1500 -4069 -4069 8501420 6625060 0 21798 310429 310429 248963 248963 3737022 3348227 269215 119580 293527 293527 273239 229521 35521 8197 22138 22138 9805 5932 3147 726 4112 3454 535 123 33874 28454 4404 1016 65000 65000 2433 2044 316 73 395714 332400 51443 11871 520603 437306 67679 15618 48977 41141 6367 1469 UTILITIES 172354 144777 22406 5171 HOSPITALITY AND ADVANCE 158225 153478 4747 REPAIRS AND MAINTENANCE 145239 122001 18881 4357 CLEANING AND JANITORIAL 134629 113088 17502 4039 643485 596760 36566 10159 7219768 6227539 805083 187146 603713 5911037 3725191 274930 2748811 2323497 200798 163524 15227 23173 17083770 5779419 11597956 11304351 218564 228077 103246 97456 19213506 20326045 93861 144565 3231406 3288698 8101934 7812524 1848559 2298143 13275760 13543930 X 4770610 2238864 1167136 4543251 5937746 6782115 19213506 20326045 1281652 -437283 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189216 9514 18377 180353 179672 9544 189216 185542 1200 31574 38644 179672 157052 8095 20395 185542 154143 2909 157052 1.00000 0.00000 0.00000 0 0 1939792 1939792 11846021 3618789 8227232 1283368 1036074 247294 2014589 1124556 890033 11304351 ACCRUED SALARIES AND PAYROLL WITHHOLDINGS 300361 LIABILITY UNDER INTEREST RATE SWAP 1997782 2298143 X 8192157 1166 1166 8190991 310429 310429 8501420 7347789 438450 438450 6909339 310429 310429 7219768 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING CALDWELL ACADEMY WHO ARE PART OF A FAMILY WHERE A PARENT HAS PASSED AWAY. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ACADEMYS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ACADEMY DOES NOT RECEIVE INCOME THAT IS NOT RELATED TO ITS TAX EXEMPT PURPOSE. THE ACADEMY ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE ACADEMY BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2016 AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, THE ACADEMYS INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE RECORDED REVENUE 310,429. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS IN INTEREST RATE SWAP 438,450. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE RECORDED TO STATEMENT OF FUNCTIONAL EXPENSE 310,429. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 DURING THE ANNUAL REGISTRATION PERIOD, CALDWELL PUBLISHES ITS STATEMENT OF NON-DISCRIMINATORY POLICY IN THE AREA NEWSPAPER OF GREATEST CIRCULATION. 1 FINANCIAL AID PROVIDED TO STUDENTS TO HELP MEET TUITION NEEDS. 152 0 310429 % VALUE OF GROSS YEARLY TUITION 152 RECIPIENTS BENEFITED FROM THE ASSISTANCE. THE SCHOOL PROVIDES SCHOLARSHIP AID FOR STUDENTS WHO QUALIFY FOR THE AID BASED ON OBJECTIVE CRITERIA. PART I, LINE 2: THE SCHOOL MAINTAINS A SCHEDULE OF STUDENTS WHO RECEIVE SCHOLARSHIPS/FINANCIAL AID TO OFFSET TUITION. X X X 0 0 0 0 0 0 0 0 0 COX SAMUEL HEAD OF SCHOOL 142401 0 0 0 0 0 0 0 15458 0 157859 0 0 0 A PUBLIC FINANCE AUTHORITY (UNDER LAWS OF STATE OF WISCONSIN) 273866124 2014-05-01 8400000 REFINANCE OF PREVIOUS BONDING ISSUE 0 0 0 A 8400000 115000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 SUNTRUST BANK 19.000000000000 0 0 0 0 0 A 0 X 34 307478 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 COPY OF THE 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX(990) IS PROVIDED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY BOARD MEETING PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS RECEIVE NO DISCOUNTS OR FREE GOODS OR SERVICES. ALL DIRECTORS MUST AGREE TO CONFLICT OF INTEREST POLICY PRIOR TO SERVING ON THE BOARD. THE BOARD OF DIRECTORS, ANNUALLY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT BY SIGNING A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 HEAD OF SCHOOL COMPENSATION IS DETERMINED BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USE COMPARATIVE DATA FOR HEADS OF SCHOOLS IN THE GEOGRAPHIC AREA OF NORTH CAROLINA AND IS CONTEMPORANEOUSLY DOCUMENTED WITH AN EMPLOYEE EVALUATION AND IN BOARD MINUTES(IN GENERAL). BUSINESS MANAGER COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL, USING COMPARATIVE DATA FOR EMPLOYEES IN SAME POSITION IN SAME GEOGRAPHIC AREA. THE BOARD APPROVES THE COMPENSATION IN BUDGET FOR THE BUSINESS MANAGER. EVALUATION IS CONTEMPORANEOUSLY DOCUMENTED IN EMPLOYEE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 CALDWELL MAKES ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR.