2017-06-14T10:10:23-05:00 2016-07-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY STREET SUITE 1400 FORT WORTH TX 76102 990 2015-08-01 810661502 THE NEW KEY SCHOOL INC NEWK 8174463738 3947 EAST LOOP 820 SOUTH FORT WORTH TX 761194338 KERRI BENSON SCHOOL DIRECTOR 8174463738 2017-06-12 1 MICHAELA J CROMAR CPA P00895728 8178775000 2017-06-12 2015 2021-01-29 14:40:06Z KERRI BENSON 3947 EAST LOOP 820 SOUTH FORT WORTH TX 761194338 2608376 0 X WWW.KEYSCHOOLFTWORTH.ORG X 2004 TX OVERCOMING LEARNING DIFFERENCES TO CREATE INDIVIDUALIZED EDUCATIONAL SUCCESS. 11 11 71 11 0 0 289255 222543 2069799 2348833 271 260 26802 -2076 2386127 2569560 0 114050 0 0 1644061 1623377 0 0 115064 623979 619204 2268040 2356631 118087 212929 2017141 2376294 783780 930004 1233361 1446290 NEW KEY SCHOOL IS A FULLY ACCREDITED SPECIAL PURPOSE PRIVATE SCHOOL WHICH EDUCATES STUDENTS WITH SPECIAL LEARNING NEEDS. THE SCHOOL OPERATES A REGULAR NINE MONTH SCHOOL AND A SUMMER PROGRAM. 0 0 1841191 114050 2348833 THE TYPICAL KEY SCHOOL STUDENT IS OF AVERAGE OR ABOVE AVERAGE INTELLIGENCE AND SUFFERS FROM ONE OR MORE LEARNING DIFFERENCES. KEY SCHOOL'S NINE MONTH TERM IS A FULL, RIGOROUS ACADEMIC PROGRAM WITH AN EMPHASIS ON INDIVIDUAL PROGRESSION. OUR AVERAGE 4:1 STUDENT/TEACHER RATIO GIVES OUR STUDENTS THE EDUCATIONAL ADVANTAGE NEEDED TO REACH, AND IN SOME CASES EXCEED, THEIR ACADEMIC GOALS. OUR SUMMER PROGRAM IS DESIGNED FOR STUDENTS ENTERING GRADES KINDERGARTEN - 12 WHO STRUGGLE IN SCHOOL OR THOSE WHO NEED BENEFIT OF GETTING AN ACADEMIC BOOST FROM THE COMING SCHOOL YEAR. 1841191 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 71 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X DONNA PATTERSON 8174463738 3947 EAST LOOP 820 SOUTH FORT WORTH TX 761194338 PLATT ALLEN III PRESIDENT 2.50 X X 0 0 0 KAY WADE VICE PRESIDENT 2.50 X X 0 0 0 ALSTON ROBETS SECRETARY/TREASURER 2.50 X X 0 0 0 CATHY NEECE BROWN DIRECTOR 2.00 X 0 0 0 KELLY FEIK CPA DIRECTOR 2.00 X 0 0 0 MITCHELL J MOSES DIRECTOR 2.00 X 0 0 0 CLAYTON ODOM DIRECTOR 2.00 X 0 0 0 JEAN SCOTT DIRECTOR 2.00 X 0 0 0 SAM SMART DIRECTOR 2.00 X 0 0 0 WANDA STOVALL DIRECTOR 2.00 X 0 0 0 BETSY GRIFFITH DIRECTOR 2.00 X 0 0 0 AMY LADD DIRECTOR 2.00 X 0 0 0 LLOYD DAY DIRECTOR 2.00 X 0 0 0 KERRI BENSON EXECUTIVE DIRECTOR 50.00 X 99781 0 0 99781 0 0 0 0 0 0 0 47270 175273 16742 222543 TUITION 611600 2201765 2201765 BOOKS, MEALS & FEES 611710 147068 147068 2348833 260 260 33340 47270 34816 -1476 -1476 3400 4000 -600 -600 2569560 2348833 0 -1816 114050 114050 96000 67200 9600 19200 1408938 1132083 218024 58831 1522 1522 116917 93171 17684 6062 57416 57416 28922 3764 17658 7500 23638 23638 60596 38534 10956 11106 70531 44055 23833 2643 168435 160325 4096 4014 917 459 458 591 591 8486 8486 12574 10919 662 993 18553 15679 2544 330 DIETARY 51411 51411 CLASSROOM MATERIALS 36299 36299 STUDENT ACTIVITIES 28984 28984 EQUIPMENT & SUPPLIES 19070 6138 12917 15 32781 14482 14387 3912 2356631 1841191 400376 115064 653733 654942 842629 1009786 4821 19594 12939 17844 391474 127634 92731 263840 410288 410288 2017141 2376294 39154 129168 367338 309680 377288 323461 0 167695 783780 930004 X 1163065 1359095 70296 87195 1233361 1446290 2017141 2376294 212929 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 367436 114050 66191 187195 0.53420 0.00000 0.46580 0 0 106216 34769 71447 257627 75628 181999 27631 17237 10394 263840 X 2455510 0 2455510 114050 114050 2569560 2242581 0 2242581 114050 114050 2356631 PART X, LINE 2: THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL DID NOT PAY OR INCUR ANY TAX RELATED PENALTIES OR INTEREST DURING THE YEAR ENDED JULY 31, 2016 OR 2015. THE SCHOOL'S FEDERAL TAX RETURNS, U.S. RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 114,050. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 114,050. 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 NEW KEY SCHOOL INCLUDES ITS NON-DISCRIMINATORY POLICY ON ALL WRITTEN PUBLICATIONS AND BROCHURES, ALL FINANCIAL AID DOCUMENTS AND APPLICATION FORMS, AS WELL AS ON THE SCHOOL'S WEBSITE. GALA 80610 47270 33340 12515 3630 11958 6713 80610 47270 33340 12515 3630 11958 6713 34816 -1476 1 FINANICAL AID AND SCHOLARSHIPS 22 114050 PART I, LINE 2: ASSISTANCE PROVIDED AND SCHOLARSHIPS AWARDED ARE TAKEN DIRECTLY OUT OF TUITION CHARGED. MARY ANN KEY FOUNDER OF SCHOOL PURCHASE OF INTANGIBLE ASSETS X 377288 323461 0 1 1 323461 FORM 990, PART VI, SECTION A, LINE 4 IN SEPTEMBER OF 2016, THE BOARD OF DIRECTORS AMENDED THE BYLAWS FOR THE NEW KEY SCHOOL, INC. THESE CHANGES INCLUDED CHANGING THE MINIMUM NUMBER OF DIRECTORS ON THE BOARD FROM THREE TO SIX WITH NO MORE THAN FIFTEEN DIRECTORS, CHANGING THE TERM OF OFFICE FOR DIRECTORS FROM A STAGGERED THREE YEAR TERM TO A STRAIGHT THREE YEAR TERM, AND UPDATING THE DIRECTOR LIABILITY AND INDEMNIFICATION PROVISIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AND SCHOOL DIRECTOR FOR REVIEW PRIOR TO FILING. AFTER APPROVAL, THE BOARD PASSES A MOTION TO ACCEPT THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE NEW KEY SCHOOL ADMINISTRATORS MONITOR ANY CIRCUMSTANCES WHICH WOULD BE CONSIDERED A CONFLICT OF INTEREST ACCORDING TO THE WRITTEN POLICY AND ENSURES THAT SUCH INSTANCES ARE REPORTED TO MEMBERS OF THE BOARD OF DIRECTORS. THIS POLICY COVERS ANY PERSON SERVING AS AN OFFICER, EMPLOYEE OR MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. ANY MEMBER WITH A CONFLICT OF INTEREST MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS, AND SUCH DISCLOSURES SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. ANY PERSON WITH A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR HEAR THE BOARD OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THIS PERSON SHALL NOT VOTE ON THE MATTER AND SHALL NOT BE PRESENT WHEN THE VOTE IS TAKEN. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 A SALARY REVIEW IS CONDUCTED THAT COMPARES PAY RATES AND SCALES FOR SIMILAR POSITIONS AT BOTH A LOCAL AND NATIONAL LEVEL. PAY RATES ARE ESTABLISHED COMPARABLE TO OTHER SCHOOL LEADERS. KEY EMPLOYEE PAY SCALES ARE PERIODICALLY COMPARED TO THOSE OF OTHER LOCAL EDUCATIONAL AGENCIES AND ARE EITHER EQUIVALENT OR LESS THAN THE RATES PAID BY OTHER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES SUCH DOCUMENTATION TO POTENTIAL DONORS, CONTRIBUTORS AND OTHERS UPON REQUEST.