2017-10-10T17:23:01-05:00 2017-05-31 721396621 CARR RIGGS & INGRAM LLC 402 E TYLER AVE HARLINGEN TX 785509122 990 2016-06-01 741507957 MARINE MILITARY ACADEMY INC MARI 9564236006 320 IWO JIMA BLVD HARLINGEN TX 78550 JOHN D BUTLER BUS MGR/DEAN 9564236006 2017-10-10 true QUENTIN ANDERSON CPA P01293122 9564233765 2017-10-10 495DBAD174042C1FB5DE4ED4675ED8D11B9CD40B DD6431E8B79346724C6D55C84E9E32CE50226AFD 2016 2021-01-29 14:40:06Z ROBERT HILL 320 IWO JIMA BLVD HARLINGEN TX 78550 21695564 false X WWW.MMA-TX.ORG X 1963 TX THE ACADEMY IS A BOARDING SCHOOL PROVIDING COLLEGE PREPARATORY EDUCATION FOR YOUNG MEN GRADES 8-12, DEVELOPING THESE YOUNG MEN INTO DISCIPLINED, MORALLY STRONG, COLLEGE-READY YOUNG MEN PREPARED FOR RESPONSIBLE LEADERSHIP 19 19 158 50 0 1446918 1555661 10589442 10738506 698364 419703 135952 93823 12870676 12807693 703309 980050 0 5897420 6140076 0 346423 6154106 5968538 12754835 13088664 115841 -280971 46796434 47868079 3223973 2621665 43572461 45246414 X THE ACADEMY IS A BOARDING SCHOOL PROVIDING COLLEGE PREPARATORY EDUCATION FOR YOUNG MEN GRADES 8-12, DEVELOPING THESE YOUNG MEN INTO DISCIPLINED, MORALLY STRONG, COLLEGE-READY YOUNG MEN PREPARED FOR RESPONSIBLE LEADERSHIP. MARINE MILITARY ACADEMY'S MISSION IS TO INSTILL IN YOUNG PERSONS LOYALTY TO THEIR COUNTRY AND DEDICATION TO THE IDEALS OF LIBERTY AND TO ENCOURAGE THE DEVELOPMENT OF INTELLECTUAL EXCELLENCE, LEADERSHIP, SELF-DISCIPLINE, PHYSICAL STAMINA, AND MORAL CHARACTER THROUGH PROGRAMS AND ACTIVITIES CREATED AND CONDUCTED IN THE FULL SPIRIT OF THE UNITED STATES MARINE CORPS. false false 7596472 980050 10862186 MARINE MILITARY ACADEMY'S COLLEGE PREPARATORY BOARDING SCHOOL FOR YOUNG MEN IN GRADES 8 - 12 SERVED 253 ACADEMIC YEAR CADETS AND 324 SUMMER CAMPERS DURING THE YEAR ENDED MAY 31, 2017. CADETS STUDY THE ACADEMIC CORE DISCIPLINES OF ENGLISH, MATHEMATICS, SOCIAL SCIENCE, SCIENCE, AND FOREIGN LANGUAGE IN CLASSES WITH AN AVERAGE STUDENT TEACHER RATIO OF 12 TO 1 TO ENCOURAGE INDIVIDUAL ATTENTION. ELECTIVE COURSES AND ADVANCED PLACEMENT COURSES CHALLENGE CADETS WITH ADDITIONAL STUDY. THE ACADEMY OFFERS FOUR YEARS OF MANDARIN LANGUAGE AND AN AEROSPACE PROGRAM THAT OFFERS THE OPPORTUNITY FOR A CADET TO OBTAIN HIS PILOT'S LICENSE. THE 45 GRADUATES OF THE CLASS OF 2017 AS WELL AS 2 POSTGRADUATES EARNED ADMISSION TO FOUR-YEAR COLLEGES/UNIVERSITIES AND TWO-YEAR PROGRAMS OR ENTERED MILITARY SERVICE. IN 2016-2017, THE ACADEMY HAD 16 CADETS EARN SCORES OF 3 OR ABOVE OUT OF A POSSIBLE 5 ON THE VARIOUS ADVANCED PLACEMENT EXAMS. ALL CADETS PARTICIPATE IN AN EXTRACURRICULAR ACTIVITY, AND PHYSICAL FITNESS IS A PRIORITY. THE ACADEMY DEVELOPS DISCIPLINED, MORALLY STRONG, COLLEGE-READY YOUNG MEN WHO ARE PREPARED FOR RESPONSIBLE LEADERSHIP. ALL EXPENSES ARE ATTRIBUTABLE TO THE SCHOOL. 7596472 true true false false false false false false false true true false false true true true true false true true true false false false true false false false true true true false false false false false true false false false false true false false false false false false false false true 53 0 true 158 true false false false false false true true true 1 false false false X 19 19 false false false false false false false true true false false true true true true true true true true false X ROBERT G HILL 9564236006 320 IWO JIMA BLVD HARLINGEN TX 78550 MICHAEL P BRADLEY TRUSTEE 1.00 X 0 0 0 JERRY C DAVIS TRUSTEE 1.00 X 0 0 0 JAMES B EZELL TRUSTEE 1.00 X 0 0 0 ALFRED M GRAY JR CHANCELLOR 1.00 X X 0 0 0 G F ROBERT HANKE TRUSTEE 1.00 X 0 0 0 ROBERT A LUTZ TRUSTEE 1.00 X 0 0 0 CRAIG MATTESON TRUSTEE 1.00 X 0 0 0 ROBERT B DUNKIN TRUSTEE 1.00 X 0 0 0 ANTHONY J MCINTYRE TRUSTEE 1.00 X 0 0 0 JOE W POLLARD TRUSTEE 1.00 X 0 0 0 ROBERT JAMES TRUSTEE 1.00 X 0 0 0 THOMAS E KOLONGOWSKI TRUSTEE 1.00 X 0 0 0 JOHN SASSO TRUSTEE 1.00 X 0 0 0 DAVID MEYER TRUSTEE 1.00 X 0 0 0 RICHARD MOXLEY CHAIRMAN 1.00 X X 0 0 0 E BRUCE HEILMAN CHAIRMAN EME 1.00 X 0 0 0 WILLIAM M KEYS CHAIRMAN EME 1.00 X 0 0 0 JOHN KLEIN TRUSTEE 1.00 X 0 0 0 CARLTON R MARCYAN TRUSTEE 1.00 X 0 0 0 ROBERT HILL SUPERINTENDE 50.00 X 147452 0 8093 JOHN D BUTLER BUS MGR/DEAN 40.00 X 116278 0 30768 ROBERT R GRIDER DIR - INST. 40.00 X 113837 0 7838 377567 46699 3 false true false BEYNON SPORTS SURFACES INC 16 ALT ROAD HUNT VALLEY MD 21030 BLDG MAINTENANC 233254 GULF COAST PAINTING P O BOX 531647 HARLINGEN TX 78553 BLDG MAINTENANC 165932 TRANE US INC P O BOX 845053 DALLAS TX 752865053 BLDG MAINTENANC 103742 3 106975 1448686 338491 1555661 TUITION AND FEES 611600 9197263 9197263 SUMMER & LEADERSHIP PROGRAMS 611600 1384770 1384770 OTHER INCOME 611600 156473 156473 10738506 418568 418568 8263694 8262559 1135 1135 1135 20150 106975 48872 -28722 -28722 698985 576440 122545 122545 12807693 10862186 389846 980050 980050 284819 284819 4955993 3980935 791605 183453 126813 92638 26966 7209 379766 258166 116739 4861 392685 299894 79072 13719 14184 14184 35500 35500 31218 31218 221498 177305 44193 654685 586499 15721 52465 302947 72665 177293 52989 101903 101903 1652919 1652919 265657 98294 135636 31727 22914 21384 1530 1026488 1026488 155128 155128 FOOD & DINING HALL 582076 582076 MILITARY/STUDENT RESIDENT 405912 186108 219804 UNCOLLECTIBLE ACCOUNTS 211813 211813 ACADEMIC & ATHLETIC ACTIV 169061 158555 10506 114635 114635 13088664 7596472 5145769 346423 166687 107263 4470724 6946359 336922 331672 129070 52730 6 9 8127 11631 939705 1017076 434010 280381 38303374 20418485 18279786 17884889 16457123 15322906 5574274 5913163 46796434 47868079 1375934 1266045 955242 760841 723939 419423 168858 175356 3223973 2621665 X 21285381 22168349 4367894 5153958 17919186 17924107 43572461 45246414 46796434 47868079 -280971 1616034 338890 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14879204 342371 1539698 980050 175319 31218 15574686 15793513 509771 -573904 703309 63360 83507 14879204 15634258 331967 765344 696320 149172 92564 15793513 14682964 449662 1344664 630678 122341 90013 15634258 13834901 134934 1865677 541550 526170 84828 14682964 0.14510 0.59470 0.26020 true false 308500 141708 450208 27140903 14835347 12305556 6411767 5583138 828629 4300496 4300496 17884889 INVEST IN MARINE MILITARY FOUNDATION 5913163 5913163 SEC 457(B) WAGE DEFERRAL PLAN 159827 ANNUITY OBLIGATIONS PAYABLE 15529 175356 X 14811489 1616034 338890 1954924 12856565 -48872 -48872 12807693 13137536 48872 48872 13088664 13088664 SCHEDULE D, PAGE 2, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND THE MARINE MILITARY ACADEMY, TO SUPPORT THE OPERATIONS OF THE MARINE MILITARY ACADEMY, AND TO PROVIDE FUNDS FOR PAYMENT OBLIGATIONS FROM CHARITABLE GIFT ANNUITY AGREEMENTS. SCHEDULE D, PAGE 3, PART X THE ACADEMY QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 503(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS NO PROVISION FOR FEDERAL INCOME TAXES. IN ADDITION, THE ACADEMY QUALIFIES FOR THE CHARITABLE CONTRIBUTIONS DEDUCTION UNDER SECTION 170(B)(1)(A)(II) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). EFFECTIVE JANUARY 1, 2010, THE ACADEMY ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAIN TAX PROVISIONS UNDER THE FASB ACCOUNTING STANDARDS CODIFICATIONS. THESE PROVISIONS PRESCRIBE A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. AS OF MAY 31, 2017, THE ACADEMY REPORTS NO UNCERTAIN TAX POSITIONS AND THEREFORE HAS NOT RECORDED ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D NET CHANGE IN INTEREST IN AFFILIATED ORGANIZATION 338,890 SCHEDULE D, PAGE 4, PART XI, LINE 4B FUNDRAISING EVENT DIRECT EXPENSES -48,872 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EVENT DIRECT EXPENSES 48,872 SCHEDULE D, PAGE 4, PART XIII NET CHANGE IN INTEREST IN AFFILIATED ORGANIZATION THE MARINE MILITARY ACADEMY FOUNDATION (THE MMA FOUNDATION) WAS FOUNDED JANUARY 9, 2007, AS A TEXAS NON-PROFIT CORPORATION. IT IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF MARINE MILITARY ACADEMY, INC. (THE ACADEMY). THE MMA FOUNDATION BYLAWS PROVIDE THAT THE ACADEMY SELECT A MINORITY OF MMA FOUNDATION BOARD OF DIRECTORS. FOR AUDITED FINANCIAL STATEMENT PURPOSES, THE ACADEMY USES THE EQUITY METHOD OF REPORTING ITS ECONOMIC INTEREST IN THE MMA FOUNDATION UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES SINCE THE ACADEMY HAS A MINORITY VOTING INTEREST IN THE MMA FOUNDATION. HOWEVER, THE MMA FOUNDATION DOES NOT MEET THE INTERNAL REVENUE CODE DEFINITION FOR A SUPPORTING ORGANIZATION SINCE THE COMMON CONTROL AND MEMBERSHIP OF THE TWO BOARDS DOES NOT CONSTITUTE A MAJORITY INTEREST OF EITHER ORGANIZATION. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE MARINE MILITARY ACADEMY RACIAL NONDISCRIMINATION POLICY IS PUBLISHED AND PRESENTED TO THE PUBLIC VIA THE OFFICIAL APPLICATION FOR ADMISSION FORM, TUITION AND FEES LIST FORM AND IN MARKETING MATERIALS AND COMMUNICATIONS. SCHEDULE E, LINE 6 A PORTION OF MCJROTC SALARIES ARE PAID BY THE 8TH MARINE CORPS DISTRICT. EAST ASIA AND THE PACIFIC 3 3 PROGRAM SERVICES RECRUITING STUDENTS 5415 EUROPE 1 1 PROGRAM SERVICES RECRUITING STUDENTS 4911 NORTH AMERICA 1 1 PROGRAM SERVICES RECRUITING STUDENTS 3675 5 5 5 5 14001 14001 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 EAST ASIA AND THE PACIFIC 5,415 0 EUROPE 4,911 0 NORTH AMERICA 3,675 0 SCHEDULE F, PAGE 5, PART V PART I, LINE 3, COLUMN (F) THE FINANCIAL STATEMENTS OF THE ACADEMY ARE PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING. PART I, LINE 3, COLUMN (F) REPORTS EXPENDITURES INCURRED DURING THE TAX YEAR ENDED MAY 31, 2017. HM SMITH DINNER 81750 77095 4655 306 18814 1668 SILENT AUCTION 45375 29880 15495 28084 127125 106975 20150 28390 18814 1668 48872 -28722 true SCHOLARSHIP 100 980050 SCHEDULE I, PAGE 4, PART IV FORM 990, SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE SCHOLARSHIPS AWARDED TO STUDENTS ENROLLED AND ATTENDING THE MARINE MILITARY ACADEMY DURING THE CURRENT YEAR. SCHOLARSHIP AMOUNTS ARE APPLIED TO THE RECIPIENT STUDENT'S ACCOUNT FOR PAYMENT OF TUITION AND FEES. X X X false true X X X X X false false false false false false false false false ROBERT HILL SUPERINTENDENT 129452 18000 6548 1545 155545 SCHEDULE J, PAGE 1, PART I, LINE 1B TRAVEL FOR COMPANIONS THE MARINE MILITARY ACADEMY SERVES STUDENTS FROM OVER 22 STATES IN THE UNITED STATES AND FROM 11 FOREIGN COUNTRIES. TRUSTEES RESIDE IN 11 DIFFERENT STATES IN THE UNITED STATES. EACH YEAR SOME BOARD OF TRUSTEE MEETINGS ARE HELD AT LOCATIONS IN THE UNITED STATES OTHER THAN HARLINGEN, TEXAS. THE MARINE MILITARY ACADEMY ALSO PARTICIPATES IN SOME FUNDRAISING ACTIVITIES AT LOCATIONS IN THE UNITED STATES OTHER THAN HARLINGEN, TEXAS. OFFICERS AND SENIOR STAFF WHO TRAVEL TO ATTEND THESE MEETINGS AND ACTIVITIES ARE SOMETIMES ACCOMPANIED BY SPOUSES/COMPANIONS. THE MARINE MILITARY ACADEMY OCCASIONALLY PAYS TRAVEL EXPENSES FOR THOSE SPOUSES/COMPANIONS IF THEIR PRESENCE AT THE MEETING OR ACTIVITY SERVES A BONA FIDE BUSINESS PURPOSE. PAYMENT OF TRAVEL FOR COMPANIONS IS NOT TREATED AS TAXABLE COMPENSATION. THE ACADEMY DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT FOR PROVISION OF TRAVEL FOR COMPANIONS. THE TRAVEL EXPENSES ARE INCLUDED IN THE ACADEMY'S ANNUAL BUDGET APPROVED BY THE BOARD OF TRUSTEES. THE BUSINESS MANAGER AND THE SUPERINTENDENT APPROVE DISBURSEMENT OF FUNDS FOR TRAVEL. TRAVEL EXPENSES ARE PAID OR REIMBURSED UNDER AN ACCOUNTABLE PLAN REQUIRING BUSINESS CONNECTION, SUBSTANTIATION, AND RETURNING AMOUNTS IN EXCESS OF SUBSTANTIATED EXPENSES. RESIDENCE FOR PERSONAL USE THE MARINE MILITARY ACADEMY IS A BOARDING SCHOOL AND REQUIRES SOME STAFF AND FACULTY TO RESIDE ON CAMPUS TO PROVIDE 24-HOUR SUPERVISION, TO PROVIDE SECURITY, AND TO OPERATE AND MAINTAIN CAMPUS FACILITIES. RESIDENCES FOR PERSONAL USE ARE AVAILABLE FOR THE EXECUTIVE OFFICER, 3 SENIOR STAFF, AND 16 OTHER STAFF AND FACULTY, AND ARE NOT TREATED AS TAXABLE COMPENSATION. LISTED PERSONS WHO WERE PROVIDED A RESIDENCE FOR PERSONAL USE ARE JOHN D. BUTLER. TERMS FOR USE OF THE PERSONAL RESIDENCES ARE IN THE EMPLOYMENT CONTRACTS OF STAFF AND FACULTY WHO RESIDE ON CAMPUS. SOCIAL CLUB DUES THE MARINE MILITARY ACADEMY PAYS MEMBERSHIP DUES AT THE HARLINGEN COUNTRY CLUB FOR THE SUPERINTENDENT. THE MEMBERSHIP PROVIDES CONTACT WITH LOCAL COMMUNITY LEADERS AND ALLOWS THE ACADEMY TO USE THE CLUB'S MEETING AREAS WHEN NEEDED FOR ACADEMY FUNCTIONS. THE MEMBERSHIP DUES ARE NOT TREATED AS TAXABLE COMPENSATION. THE SUPERINTENDENT PAYS CHARGES FOR PERSONAL USE OF THE CLUB FACILITIES. THE ACADEMY DOES NOT HAVE A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT FOR PROVISIONS OF CLUB DUES. THE DUES EXPENSES ARE INCLUDED IN THE ACADEMY'S ANNUAL BUDGET APPROVED BY THE BOARD OF TRUSTEES. THE BUSINESS MANAGER AND SUPERINTENDENT APPROVE DISBURSEMENT OF FUNDS FOR DUES. SOCIAL CLUB DUES ARE PAID OR REIMBURSED UNDER AN ACCOUNTABLE PLAN REQUIRING BUSINESS CONNECTION, SUBSTANTIATION, AND RETURNING AMOUNTS IN EXCESS OF SUBSTANTIATED EXPENSES. A NE HIGHER EDUCATION FACILITIES CORP CORPORATION 911934152 2011-08-31 2100000 TO RETIRE SERIES 1995 EDUCATION REVENUE BONDS IN FULL. false false false A 2100000 2100000 false false false false A false false false false false false false A false false false false false false false false false A false ROBERT HILL ROUTINE CHARGE TRANSACTIONS X 9 9 false true true 9 X 7448 SALE OF COMP PROPERTY X 4 280400 SALE OF COMP PROPERTY X STUDENT ACTIVIT 4 2239 COST OR SELLING PRICE X FACILITIES/SERV 3 13408 COST OR SELLING PRICE X AUCTION & RAFFL 40 26960 SALE OF COMP PROPERTY X MILITARY 8 8036 SALE OF COMP PROPERTY false true true SCHEDULE M, PAGE 1, PART I, LINE 32B FORM 990, SCHEDULE M, PART I, LINE 32B MARINE MILITARY ACADEMY USES NATIONALLY RECOGNIZED INVESTMENT FIRMS TO RECEIVE AND SELL CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES. SCHEDULE M, PAGE 2, PART II FORM 990, SCHEDULE M, PART I, COLUMN (B) MARINE MILITARY ACADEMY IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990 - ORGANIZATION'S MISSION THE ACADEMY IS A BOARDING SCHOOL PROVIDING COLLEGE PREPARATORY EDUCATION FOR YOUNG MEN GRADES 8-12, DEVELOPING THESE YOUNG MEN INTO DISCIPLINED, MORALLY STRONG, COLLEGE-READY YOUNG MEN PREPARED FOR RESPONSIBLE LEADERSHIP. MARINE MILITARY ACADEMY'S MISSION IS TO INSTILL IN YOUNG PERSONS LOYALTY TO THEIR COUNTRY AND DEDICATION TO THE IDEALS OF LIBERTY AND TO ENCOURAGE THE DEVELOPMENT OF INTELLECTUAL EXCELLENCE, LEADERSHIP, SELF-DISCIPLINE, PHYSICAL STAMINA, AND MORAL CHARACTER THROUGH PROGRAMS AND ACTIVITIES CREATED AND CONDUCTED IN THE FULL SPIRIT OF THE UNITED STATES MARINE CORPS. FORM 990 FORM 990, ENTITY SECTION, ITEM L AND ITEM M - ON APRIL 30, 1963, MARINE MILITARY ACADEMY RECEIVED A CERTIFICATE OF INCORPORATION FROM THE STATE OF ARIZONA CORPORATION COMMISSION. THE ACADEMY TRANSFERRED ITS LEGAL DOMICILE TO TEXAS ON OCTOBER 14, 2004, AND RECEIVED A CERTIFICATE OF INCORPORATION FROM THE OFFICE OF THE SECRETARY OF STATE OF TEXAS. FORM 990, PART VI, SECTION A, LINE 1A - MARINE MILITARY ACADEMY'S BYLAWS PROVIDE FOR AN EXECUTIVE COMMITTEE WITH AUTHORITY TO MANAGE THE BUSINESS AND AFFAIRS OF THE ACADEMY WHILE ACTING WITHIN THE POLICIES ADOPTED BY THE BOARD OF TRUSTEES. THE BYLAWS PROVIDE THAT THE EXECUTIVE COMMITTEE KEEPS REGULAR MINUTES OF ITS PROCEEDINGS AND REPORTS TO THE BOARD. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRMAN OF THE BOARD AND THE CHAIRMAN OF SEVEN COMMITTEES OF THE BOARD: ACADEMIC AFFAIRS, ADMISSIONS, FACILITIES, FINANCE, INSTITUTIONAL ADVANCEMENT, MILITARY, AND COMPENSATION. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PAGE 2, PART III, LINE 4A ENTERED MILITARY SERVICE. IN 2016-2017, THE ACADEMY HAD 16 CADETS EARN SCORES OF 3 OR ABOVE OUT OF A POSSIBLE 5 ON THE VARIOUS ADVANCED PLACEMENT EXAMS. ALL CADETS PARTICIPATE IN AN EXTRACURRICULAR ACTIVITY, AND PHYSICAL FITNESS IS A PRIORITY. THE ACADEMY DEVELOPS DISCIPLINED, MORALLY STRONG, COLLEGE-READY YOUNG MEN WHO ARE PREPARED FOR RESPONSIBLE LEADERSHIP. ALL EXPENSES ARE ATTRIBUTABLE TO THE SCHOOL. FORM 990, PAGE 6, PART VI, LINE 11B MARINE MILITARY ACADEMY MANAGEMENT ASSEMBLES A DRAFT OF THE FORM 990 FROM INFORMATION IN THE ACADEMY'S BOOKS AND RECORDS. THE ACADEMY'S INDEPENDENT AUDITOR COMPLETES THE FORM 990. BEFORE THE FORM 990 IS FILED WITH THE IRS, A COPY OF THE COMPLETED RETURN IS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 12C PERIODIC REVIEWS ARE CONDUCTED BY THE BUSINESS MANAGER AND SUPERINTENDENT TO ENSURE THAT THE MARINE MILITARY ACADEMY OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. AS PART OF REGULAR OPERATIONS, ALL TRANSACTIONS ARE SUBJECT TO REVIEW IN AN EFFORT TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF TRUSTEES CONTRACTS MCDANIEL & ASSOCIATES, INC. TO PROVIDE COMPARABILITY DATA FOR ALL OFFICERS AND KEY EMPLOYEES FOR REVIEW PRIOR TO APPROVAL OF COMPENSATION AGREEMENTS. UPON REVIEW OF THE COMPARABILITY DATA, COMPENSATION AGREEMENTS ARE PROPOSED BY THE EVALUATION AND COMPENSATION COMMITTEE TO THE BOARD OF TRUSTEES AND PRESENTED FOR BOARD VOTE. ONCE THE BOARD HAS APPROVED ALL COMPENSATION AGREEMENTS, THEY ARE FINALIZED. FORM 990, PAGE 6, PART VI, LINE 15B SEE EXPLANATION FOR LINE 15A ABOVE FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST BY ANY INTERESTED PARTY. FORM 990, PART XI, LINE 9 NET CHANGE IN INTEREST IN AFFILIATED ORGANIZATION 338,890 FUNDRAISING EVENT DIRECT EXPENSES 48,872 FUNDRAISING EVENT DIRECT EXPENSES -48,872 TOTAL 338,890