SUSSEX PREPARATORY ACADEMY FOUNDATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SUSSEX PREPARATORY ACADEMY FOUNDATION (EIN 45-3820950)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-10-03
- IRS object ID
- 201702769349300720
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-10-03T13:03:38-04:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 520619968 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAW CASSON & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 160 GREENTREE DRIVE SUITE 203 | AddressLine1Txt |
| City | DOVER | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19904 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453820950 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSSEX ACADEMY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUSS | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 213 | AddressLine1Txt |
| City | LEWES | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19958 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH M SCHELL | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Signature | 2017-10-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALISON HOUCK | PreparerPersonNm |
| PTIN | P01226502 | PTIN |
| Phone | 3026744305 | PhoneNum |
| Preparation | 2017-10-03 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 90D189D259F4D7CB53C1C160B1B986208AFB34FD | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D9F01526B4A939484B16F57212E27F06A746BD28 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSEPH M SCHELL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1604 BAY ROAD | AddressLine1Txt |
| City | LEWES | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19958 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,011,039 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SUSSEXACADEMYFOUNDATION.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2011 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS IT EXPANDS TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $4,184,862 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,413,014 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $546 | PYInvestmentIncomeAmt |
| CY Investment Income | $607 | CYInvestmentIncomeAmt |
| PY Other Revenue | $362,057 | PYOtherRevenueAmt |
| CY Other Revenue | $485,278 | CYOtherRevenueAmt |
| PY Total Revenue | $4,547,465 | PYTotalRevenueAmt |
| CY Total Revenue | $7,898,899 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $90,283 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $39,932 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $46,358 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,671,536 | PYOtherExpensesAmt |
| CY Other Expenses | $1,760,533 | CYOtherExpensesAmt |
| PY Total Expenses | $2,761,819 | PYTotalExpensesAmt |
| CY Total Expenses | $1,800,465 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,785,646 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,098,434 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $18,795,565 | TotalAssetsBOYAmt |
| Total Assets EOY | $30,428,833 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,634,584 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,184,418 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,160,981 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,244,415 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS IT EXPANDS TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,706,658 | ExpenseAmt |
| Desc | THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS IT EXPANDS TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS IT EXPANDS TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,706,658 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | false | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JILL BURTON | PersonNm |
| Phone | 3022261994 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18949 COASTAL HWY SUITE 301 | AddressLine1Txt |
| City | REHOBOTH | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19971 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| WILLIAM ALLAN | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHASE BROCKSTEDT | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LYNDIE HERTRICH | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER MCKEAN | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM SCOTT | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NICOLE SILICATO-MILLER | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DENISE WESTBROOK | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| STACY SHORT | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH M SCHELL | ||||||
| CHAIR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL J RAWL | ||||||
| VICE CHAIR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| MARIAH CALAGIONE | ||||||
| SECRETARY | 5.00 | $0 | $0 | $0 | Yes (X) | |
| PRESTON SCHELL | ||||||
| TREASURER | 5.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MUSCO SPORTS LIGHTING LLC | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 1ST AVE WEST PO BOX 808 | AddressLine1Txt |
| City | OSKALOOSA | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 525770808 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LIGHTING | ServicesDesc |
| Compensation | $510,815 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $7,413,014 | AllOtherContributionsAmt |
| Total Contributions | $7,413,014 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $607 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $607 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $227,918 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $112,140 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,778 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENT INCOME | Desc |
| Total Revenue Column | $369,500 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $369,500 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $369,500 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,898,899 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $370,107 | RelatedOrExemptFuncIncomeAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,460 | TotalAmt |
| Management And General | $17,460 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,000 | TotalAmt |
| Management And General | $23,000 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,932 | TotalAmt |
| Fundraising | $39,932 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,849 | TotalAmt |
| Program Services | $3,200 | ProgramServicesAmt |
| Management And General | $1,649 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,526 | TotalAmt |
| Management And General | $1,100 | ManagementAndGeneralAmt |
| Fundraising | $5,426 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28 | TotalAmt |
| Management And General | $28 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $974 | TotalAmt |
| Management And General | $974 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $410,925 | TotalAmt |
| Program Services | $410,925 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,292,533 | TotalAmt |
| Program Services | $1,292,533 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $984 | TotalAmt |
| Management And General | $984 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| APPRAISAL | $2,254 | $2,254 | |
| LEWES FIRE DEPARTMENT | $500 | $500 | |
| LEWES LITTLE LEAGUE | $500 | $500 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,800,465 | TotalAmt |
| Program Services | $1,706,658 | ProgramServicesAmt |
| Management And General | $47,449 | ManagementAndGeneralAmt |
| Fundraising | $46,358 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,146,941 | BOYAmt |
| EOY | $3,367,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $32,028,388 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,966,555 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,630,192 | BOYAmt |
| EOY | $27,061,833 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,432 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,795,565 | BOYAmt |
| EOY | $30,428,833 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,634,584 | BOYAmt |
| EOY | $17,184,418 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,634,584 | BOYAmt |
| EOY | $17,184,418 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,160,981 | BOYAmt |
| EOY | $13,244,415 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,160,981 | BOYAmt |
| EOY | $13,244,415 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,795,565 | BOYAmt |
| EOY | $30,428,833 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,098,434 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$15,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $25,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,636,006 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,184,862 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,413,014 | CurrentTaxYearAmt |
| Total | $14,258,882 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $25,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,636,006 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,184,862 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,413,014 | CurrentTaxYearAmt |
| Total | $14,258,882 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $14,258,882 | PublicSupportTotal170Amt |
| Total Support | $14,258,882 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $598,025 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,004,922 | OtherCostOrOtherBasisAmt |
| Book Value | $2,004,922 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,500,506 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,603,857 | DepreciationAmt |
| Book Value | $24,896,649 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $522,960 | OtherCostOrOtherBasisAmt |
| Depreciation | $362,698 | DepreciationAmt |
| Book Value | $160,262 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,061,833 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $5,844,093 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$2,054,806 | OtherRevenueAmt |
| Revenue Not Reported | -$2,054,806 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,898,899 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $7,898,899 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,078,780 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$721,685 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$721,685 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,800,465 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,800,465 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | ACCRUAL TO CASH ADJUSTMENT -2,054,806 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | ACCRUAL TO CASH ADJUSTMENT -85,043 BOOK/TAX DEPRECIATION DIFF -636,642 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DRAGON BOAT FES | Event1Nm |
| Gross Receipts Event1 | $133,072 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $133,072 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $475 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $31,612 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $385 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $3,150 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $22,047 | OtherDirectExpensesEvent1Amt |
| Event2 | DERBY DAY | Event2Nm |
| Gross Receipts Event2 | $41,995 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $41,995 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $2,709 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $7,126 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $3,450 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $6,500 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $52,851 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $52,851 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $18,360 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $400 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $5,507 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $227,918 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $227,918 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $475 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $34,321 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $25,871 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $7,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $34,054 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $101,721 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $126,197 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS IT EXPANDS TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12. |
| FORM 990, PAGE 2, PART III, LINE 4D | THE SUSSEX ACADEMY FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SUSSEX ACADEMY. THE FOUNDATION IS FOCUSED ON RAISING THE FUNDS TO MAKE MAJOR CAPITAL IMPROVEMENTS TO THE FACILITY, AS IT EXPANDS TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS, GRADES 6-12. |
| FORM 990, PAGE 6, PART VI, LINE 2 | PRESTON SCHELL JOSEPH SCHELL TREASURER CHAIR FATHER/SON |
| FORM 990, PAGE 6, PART VI, LINE 10B | DOCUMENTS ARE MADE PUBLIC |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE ORGANIZATION'S CHAIR OF THE BOARD RECEIVES A COPY OF THE FORM 990 PRIOR TO FILING, SHARES WITH THE BOARD AND REVIEWS FOR ACCURACY. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| FORM 990, PART XI, LINE 9 | 1,333,121 ACC TO CASH & DEPREC ADJ -1,333,121 UNCOLLECTIBLE PLEDGES -15,000 TOTAL -15,000 UNCOLLECTIBLE PLEDGE OF 15,000 |
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