2017-05-08T09:29:45-05:00 2016-06-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2015-07-01 346519833 LAKE RIDGE ACADEMY LAKE 4403271175 37501 CENTER RIDGE ROAD NORTH RIDGEVILLE OH 44039 CYNTHIA SEIDEL CFO 4403271175 2017-05-04 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2015 2021-01-29 14:40:06Z CYNTHIA SEIDEL 37501 CENTER RIDGE ROAD NORTH RIDGEVILLE OH 44039 12670316 0 X WWW.LAKERIDGEACADEMY.ORG X 1963 OH OUR MISSION IS TO SEND INTO A CHANGING WORLD CONFIDENT YOUNG PEOPLE OF INTEGRITY WHO THINK CRITICALLY AND CREATIVELY WHILE EMBRACING THE JOY OF LIFELONG LEARNING. 20 20 108 70 0 0 3476296 2330668 9226804 10246097 15740 28811 -65439 -52753 12653401 12552823 2984987 3439683 0 0 6305404 6393130 0 0 575381 2285818 2081907 11576209 11914720 1077192 638103 12324162 13693750 9179042 9984887 3145120 3708863 OUR MISSION IS TO SEND INTO A CHANGING WORLD CONFIDENT YOUNG PEOPLE OF INTEGRITY WHO THINK CRITICALLY AND CREATIVELY WHILE EMBRACING THE JOY OF LIFELONG LEARNING. 0 0 8738422 3439683 10246097 THE ACADEMY, FOUNDED IN 1963, IS AN INDEPENDENT CO-EDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR APPROXIMATELY 400 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. 8738422 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 108 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X CYNTHIA SEIDEL 4403271175 37501 CENTER RIDGE ROAD NORTH RIDGEVILLE OH 44039 BECKY RUPPERT MCMAHON CHAIR 1.00 X X 0 0 0 ROBERT FAIRCHILD VICE CHAIR 1.00 X X 0 0 0 MICHELLE BELARDO SECRETARY 1.00 X X 0 0 0 BENJAMIN NORTON TREASURER 1.00 X X 0 0 0 RAYMOND BOBGAN BOARD MEMBER 1.00 X 0 0 0 DON ESCH BOARD MEMBER 1.00 X 0 0 0 AMELIA FARAGO BOARD MEMBER 1.00 X 0 0 0 COLE FAUVER BOARD MEMBER 1.00 X 0 0 0 VICENTA GASPAR-YOO BOARD MEMBER 1.00 X 0 0 0 PAULA JANMEY BOARD MEMBER 1.00 X 0 0 0 DONALD KAATZ BOARD MEMBER 1.00 X 0 0 0 VAUGHN KAUFFMAN BOARD MEMBER 1.00 X 0 0 0 BAKARI KITWANA BOARD MEMBER 1.00 X 0 0 0 ANDREA MANNING BOARD MEMBER 1.00 X 0 0 0 BRIDGET MORENO BOARD MEMBER 1.00 X 0 0 0 CLARE NAVRATIL BOARD MEMBER 1.00 X 0 0 0 JOE RAJ BOARD MEMBER 1.00 X 0 0 0 MICHAEL SHERWIN BOARD MEMBER 1.00 X 0 0 0 ROBERT SMITH BOARD MEMBER 1.00 X 0 0 0 ED SPELLMAN BOARD MEMBER 1.00 X 0 0 0 CAROL KLIMAS PRESIDENT 40.00 X 242377 0 4838 CYNTHIA SEIDEL CFO 40.00 X 109043 0 3477 MICHAEL SHAULIS HEAD OF ACADEMICS 40.00 X 116816 0 19485 MICHELLE ROBERTSON DIR. OF DEVELOPMENT 40.00 X 117443 0 14941 585679 0 42741 4 0 1 0 0 378090 407299 1545279 128832 2330668 STUDENT TUITION 900099 10015985 10015985 TRANSPORTATION FEE 900099 97000 97000 SUMMER SCHOOL PROGRAM 900099 56209 56209 EXTENDED DAY PROGRAM 900099 41520 41520 TESTING FEES 900099 4910 4910 30473 30473 10246097 28811 28811 64740 378090 117493 -52753 -52753 12552823 10246097 0 -23942 3439683 3439683 355400 252334 71080 31986 4389151 3116297 877830 395024 73928 52489 14786 6653 1218957 865460 243791 109706 355694 252543 71139 32012 28644 28644 31400 31400 10567 10567 173653 173653 79127 79127 71394 71394 349785 349785 5545 5545 205522 205522 508722 508722 102979 102979 INSTRUCTIONAL 433947 433947 TRANSPORTATION 80622 80622 11914720 8738422 2600917 575381 862108 254839 573349 217557 131493 119759 75811 101851 22447547 11141062 9236249 11306485 828485 1139852 10300 10300 606367 543107 12324162 13693750 667343 933551 3440351 3854797 334000 339000 4702199 4836068 35149 21471 9179042 9984887 X -1208233 819571 2680632 754021 1672721 2135271 3145120 3708863 12324162 13693750 638103 -74360 0 X 0 1 X 1 0 X 1453155 1882154 1812374 3476296 2330668 10954647 1453155 1882154 1812374 3476296 2330668 10954647 3161437 7793210 43 2271 9750 15740 28811 56615 307497 327638 81403 67560 64740 848838 11860100 45025159 0.65710 0.61350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECEVENT REVENUE - 2011 AMOUNT: $ 307,497. 2012 AMOUNT: $ 327,638. 2013 AMOUNT: $ 81,403. 2014 AMOUNT: $ 67,560. 2015 AMOUNT: $ 64,740. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 828485 394480 17711 1240676 415971 407628 4886 828485 217240 172568 26163 415971 217673 -433 217240 0.00000 1.00000 0.00000 0 0 1455587 1455587 16707611 7571594 9136017 3409165 2948006 461159 875184 621462 253722 11306485 CAPITAL LEASE OBLIGATIONS 21471 21471 9038780 -74360 -74360 9113140 3439683 3439683 12552823 8475037 0 8475037 3439683 3439683 11914720 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - THE ACADEMY'S ENDOWMENT FUNDS ARE USED FOR GENERAL OPERATIONS, SCHOLARSHIPS, FACULTY ENRICHMENT, AND THE COMMUNITY RESOURCE CENTER. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS, WHICH WAS SHOWN AS A REDUCTION OF REVENUE ON THE FINANCIAL STATEMENTS BUT AS AN EXPENSE ON FORM 990 3,439,683. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO STUDENTS, WHICH WAS SHOWN AS A REDUCTION OF REVENUE ON THE FINANCIAL STATEMENTS BUT AS AN EXPENSE ON FORM 990 3,439,683. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ACADEMY PUBLISHES NOTICES OF ITS NONDISCRIMINATION POLICIES IN ALL DAILY AND WEEKLY SUBURBAN NEWSPAPERS. SCHEDULE E, PART I, LINE 6 AID FROM A GOVERNMENTAL AGENCY - THE ACADEMY RECEIVED FUNDS AND REIMBURSEMENTS FROM THE STATE OF OHIO. THESE FUNDS WERE EXPENDED FOR SUPPLIES, SERVICES, EQUIPMENT AND CAPITAL ITEMS. AUCTION 378090 378090 36473 41280 GOLF OUTING 64740 64740 36920 2820 442830 378090 64740 73393 44100 117493 -52753 1 STUDENT FINANCIAL AID 275 3439683 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - THE ACADEMY ENSURES THAT ITS GRANTS ARE USED FOR EDUCATIONAL PURPOSES BY CREDITING THE FINANCIAL AID AMOUNTS DIRECTLY TO THE STUDENTS' ACCOUNTS INSTEAD OF ISSUING CHECKS. X X 0 0 0 0 0 0 0 0 0 CAROL KLIMAS PRESIDENT 242377 0 0 0 0 0 0 0 4838 0 247215 0 0 0 DON KAATZ BOARD MEMBER PURCHASE OF PROPERTY X 320000 320000 0 1 1 CHANN SPELLMAN BOARD MEMBER PURCHASE OF PROPERTY X 11500 11500 0 1 1 BRIDGET MORENO BOARD MEMBER PURCHASE OF PROPERTY X 2500 2500 0 1 1 VAUGHN KAUFFMAN BOARD MEMBER PURCHASE OF PROPERTY X 2500 2500 0 1 1 BAKARI KITWANA BOARD MEMBER PURCHASE OF PROPERTY X 2500 2500 0 1 1 339000 X AUCTION ITEMS 470 128832 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 REVIEW OF FORM 990 - THE BOARD OF DIRECTORS DELEGATED THE AUTHORITY TO REVIEW AND APPROVE FORM 990 TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWED THE TAX RETURN AT A MEETING PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE COMMITTEE ON DIRECTORS REVIEWS COMPLIANCE WITH THE ACADEMY'S CONFLICT POLICY. WHEN A CONFLICT ARISES, THE EFFECTED PERSON IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OF THE TRANSACTION OR TO VOTE ON THE MATTER. THE DECISION TO ACCEPT OR REJECT THE PROPOSED TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION - AN ANNUAL SALARY COMPARISON IS DONE FOR FACULTY AND STAFF BASED ON INFORMATION ACQUIRED FROM NAIS AND OAIS SURVEY DATA. THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE DATA AND APPROVES ANY SALARY INCREASES. THE PERSONS MAKING DECISIONS ABOUT COMPENSATION ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE ACADEMY MAKES ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.