2017-11-14T15:03:49-06:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2016-07-01 390987840 ACADEMY OF BASIC EDUCATION INC D/B/A BROOKFIELD ACADEMY ACAD 2627833200 3462 NORTH BROOKFIELD ROAD BROOKFIELD WI 530452599 KRISTI THOMPSON FINANCE DIRECTOR 2627833200 2017-11-13 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2017-11-13 67.137.57.251 2017-11-13 14:40:49 CS P CA71AA27A8DEE22B1B8DED281728E8B70117B7BA 466E9E4CEEED2F8E4B27627CE9818EB2FCE84C2E 2016 2021-01-29 14:40:06Z KRISTI THOMPSON 3462 NORTH BROOKFIELD ROAD BROOKFIELD WI 530452599 17078547 0 X BROOKFIELDACADEMY.ORG X 1961 WI OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE, EDUCATED IN SKILLS, VALUES, AND HERITAGE OF RESPONSIBLE, CONSTRUCTIVE, FREE PEOPLE. 11 11 326 325 444502 388714 1300973 1251617 14229941 14662899 13897 33960 135487 546614 15680298 16495090 1480471 1703529 0 0 9914589 10071948 0 0 480718 4672717 4735446 16067777 16510923 -387479 -15833 36289177 37010923 7693528 8034955 28595649 28975968 X OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE, EDUCATED IN SKILLS, VALUES, AND HERITAGE OF RESPONSIBLE, CONSTRUCTIVE, FREE PEOPLE. 1 0 14743632 1703529 14662899 EDUCATION - OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE. 14743632 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 55 0 1 326 1 1 1 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X KRISTI THOMPSON 2627833200 3462 N BROOKFIELD RD BROOKFIELD WI 530452599 X APRAHAMIAN MR EDWARD M DIRECTOR 1.00 X 0 0 0 DAVIS CYNTHIA M DIRECTOR 1.00 X 0 0 0 FRANCIS MICHAEL TREASURER 1.00 X X 0 0 0 GEENEN DANIEL J DIRECTOR 1.00 X 0 0 0 HARRIS R JEFFREY DIRECTOR 1.00 X 0 0 0 LAW WILLIAM R CHAIR 1.00 X X 0 0 0 MALATESTA MICHAEL T DIRECTOR 1.00 X 0 0 0 KODALI MALAIKA MATHAI SECRETARY 1.00 X X 0 0 0 NETTESHEIM JOEL G DIRECTOR 1.00 X 0 0 0 SIMMONS MICHAEL D VICE-CHAIR 1.00 X X 0 0 0 YORK MARY DIRECTOR 1.00 X 0 0 0 TAINTOR JAMES SPENCER HEAD OF SCHOOL 40.00 X 202805 0 28283 KOENINGS SHARON HEAD OF ADMISSIONS/ASST HEAD OF SCHOOL 40.00 X 113992 0 19570 316797 0 47853 2 0 1 0 MIDAMERICAN BUILDING SERVICES 6682 W GREENFIELD AVE SUITE 109 WEST ALLIS WI 53214 CLEANING SERVICES 412027 STIER CONSTRUCTION INC N8W22195 JOHNSON DR SUITE 160 WAUKESHA WI 53186 CONSTRUCTIONS AND CONSULTING SERVICES 148843 CALIFORNIA FIRST LEASING CORP PO BOX 2506 SANTA ANA CA 92707 LEASING SERVICES 130772 3 186855 1064762 1251617 TUITION 611710 13903482 13903482 OTHER PROGRAM REVENUES 611710 752802 752802 ATHLETICS 611710 6615 6615 14662899 17433 17433 14400 0 14400 14400 14400 522758 506231 16527 16527 16527 50995 186855 69821 -18826 -18826 15645 7405 8240 8240 PASS THROUGH REVENUE - UBI 310000 542800 444502 98298 542800 16495090 14662899 444502 136072 1703529 1703529 236369 210037 17948 8384 7971221 7066122 606671 298428 346300 306015 28484 11801 944123 851259 65564 27300 573935 507477 43447 23011 6370 6370 44820 44820 9311 9311 34937 34937 199961 57725 142236 306555 246618 59937 1571758 1571758 53910 49729 4181 27661 17711 9950 80044 80044 1157662 1157662 39856 39856 EDUCATIONAL/TEACHING SU 891261 865413 25848 DEVELOPMENT COSTS 111794 111794 INCOME TAX - UBIT 86789 86789 ADMISSIONS 52277 52277 60480 3366 57114 16510923 14743632 1286573 480718 1231806 1315183 3632497 3694579 342962 339862 74388 114567 37891 39935 160514 215527 41520554 16071593 25868844 25448961 3285275 3946109 1655000 1896200 36289177 37010923 1689564 1657932 5757870 6259563 246094 117460 7693528 8034955 X 25888827 25837015 2686822 3118953 20000 20000 28595649 28975968 36289177 37010923 -15833 396152 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 47.5 1 1 1 15000 X X 0 4940275 301665 736856 136487 5842309 5167318 224028 -316302 134769 4940275 5014756 167650 75680 90768 5167318 3614124 791293 707112 97773 5014756 2905958 330441 445407 67682 3614124 0.48790 0.00340 0.50870 0 0 3942615 3942615 30384781 10215235 20169546 2421156 2116262 304894 4772002 3740096 1031906 25448961 INVESTMENT IN METALCRAFT OF MAYVILLE, INC. 1896200 F 1896200 SWAP VALUATION 117460 117460 15187713 396152 396152 14791561 1703529 1703529 16495090 14807394 0 14807394 1703529 1703529 16510923 PART III, LINE 4: THE COLLECTIONS WERE HELD FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. THE ORGANIZATION PURCHASED FROM A PUBLIC EDUCATION FOUNDATION A BRONZE ETCHING TITLED "TIMELINE OF LIBERTY HAS RELIEFS AND IT IS DISPLAYED IN FREEDOM HALL LOCATED ON THE GROUNDS OF THE ORGANIZATION. THE COLLECTION WILL HELP FUTURE GENERATIONS LEARN ABOUT THE GREAT WRITERS, PHILOSOPHERS, AND THINKERS WHO SHAPED OUR HISTORY AND PROVIDED US THE CONCEPTS OF FREEDOM AND INDIVIDUAL DIGNITY WE ENJOY TODAY. STUDENTS AND FACULTY WILL GAIN A BETTER SENSE OF HISTORY AND ITS EFFECTS ON THE PRESENT BY SEEING AND READING THE ORIGINAL WORKS. PART V, LINE 4: THE ACADEMY'S ENDOWMENTS CONSIST OF 24 FUNDS ESTABLISHED TO SUPPORT A VARIETY OF PROGRAMS AND SCHOLARSHIPS AT BROOKFIELD ACADEMY. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS 1,703,529. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 1,703,529. SCHEDULE D SUPPLEMENTAL INFORMATION PART II LINE 3: THE ORGANIZATION DID NOT MODIFY, TRANSFER, RELEASE, EXTINGUISH, OR TERMINATE THE EASEMENT IT HOLDS DURING THE TAXABLE YEAR. PART II LINE 5: THE ORGANIZATION DOES HAVE A WRITTEN POLICY IN PLACE REGARDING THE PERIODIC MONITORING AND ENFORCEMENT OF THE CONSERVATION EASEMENT THAT IT HOLDS. PART II LINE 9: THE ORGANIZATION DOES NOT RECEIVE ANY REVENUE FROM THE EASEMENT AND ALL EXPENSES ARE RECORDED AS CONTRACTED SERVICES ON THE INCOME STATEMENT. THE EASEMENT IS REPORTED ON THE BALANCE SHEET AS PART OF THE LAND TOTAL. 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 SCHOOL PUBLICIZES ITS NONDISCRIMINATORY POLICY IN ALL OF ITS PUBLICATIONS AS WELL AS AN ANNUAL NOTICE IN THE LOCAL NEWSPAPER. DINNER AUCTION 177318 146465 30853 6441 22417 1074 890 8271 GOLF OUTING 60532 40390 20142 25688 5040 237850 186855 50995 6441 48105 1074 890 13311 69821 -18826 15645 7000 405 0 15645 7000 405 7405 8240 WI 1 0 1 0 1.00000 KRISTI THOMPSON 3462 NORTH BROOKFIELD ROAD BROOKFIELD WI 53045 0 NA 0 1 NEED BASED FINANCIAL ASSISTANCE 154 1210082 MERIT SCHOLARSHIPS 77 493447 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF NEED BASED FINANCIAL ASSISTANCE AND MERIT SCHOLARSHIPS BY THE APPLICATION PROCESS AND THE ACCEPTANCE OF THOSE QUALIFYING APPLICATIONS. FINANCIAL ASSISTANCE IS AWARDED BASED ON NEED WITH CRITERIA SUCH AS NET EARNINGS, TOTAL ASSETS AND FAMILY SIZE. MERIT SCHOLARSHIPS ARE AWARDED ON ACADEMIC ABILITY AND ACADEMIC HISTORY. X X 0 0 0 0 0 0 0 0 0 TAINTOR JAMES SPENCER HEAD OF SCHOOL 202805 0 0 0 0 0 10500 0 17783 0 231088 0 0 0 FORM 990, PART III, LINE 2 ACADEMY OF BASIC EDUCATION, INC. PILOTED A 3 YEAR OLD HALF-DAY PROGRAM DURING THE SECOND SEMESTER OF THE 2016-2017 SCHOOL YEAR. THIS PROGRAM CONSISTED OF 10 STUDENTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE ACCOUNTING FIRM CLIFTONLARSONALLEN LLP AND REVIEWED IN DETAIL BY THE ORGANIZATION'S FINANCE DIRECTOR. THIS PRELIMINARY DRAFT IS MADE AVAILABLE FOR REVIEW BY MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. THE FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO ALL BOARD MEMBERS AT THE NEXT REGULARLY SCHEDULED BOARD MEETING SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE HEAD OF SCHOOL WAS REVIEWED AND APPROVED BY THE BOARD WITH REFERENCE TO INDEPENDENT SCHOOL MANAGEMENT SURVEY DATA. SALARIES OF TOP MANAGEMENT AND OTHER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD IN CONTEXT TO THE NORMS OF INDEPENDENT SCHOOL ASSOCIATION OF CENTRAL STATES AND NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.