2016-11-15T12:02:47-06:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2015-07-01 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 2016-11-14 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2016-11-14 2015 2017-02-10 21:41:12Z KRISTI THOMPSON 3462 NORTH BROOKFIELD ROAD BROOKFIELD WI 530452599 15830985 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 11 327 332 299635 256492 1508920 1300973 13970382 14229941 4755 13897 492855 135487 15976912 15680298 1250255 1480471 0 0 9456875 9914589 0 0 502649 4597835 4672717 15304965 16067777 671947 -387479 37536982 36289177 8243276 7693528 29293706 28595649 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. 0 0 14368691 1480471 14229941 OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE. 14368691 1 1 0 0 0 0 1 1 0 1 1 0 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 1 327 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 EDWARD M APRAHAMIAN DIRECTOR 1.00 X 0 0 0 CYNTHIA M DAVIS DIRECTOR 1.00 X 0 0 0 MICHAEL J FRANCIS TREASURER 1.00 X X 0 0 0 DANIEL J GEENEN DIRECTOR 1.00 X 0 0 0 R JEFFREY HARRIS DIRECTOR 1.00 X 0 0 0 WILLIAM R LAW CHAIR 1.00 X X 0 0 0 MICHAEL T MALATESTA DIRECTOR 1.00 X 0 0 0 MALAIKA MATHAI KODALI SECRETARY 1.00 X X 0 0 0 JOEL G NETTESHEIM DIRECTOR 1.00 X 0 0 0 MICHAEL D SIMMONS VICE CHAIR 1.00 X X 0 0 0 MARY J YORK DIRECTOR 1.00 X 0 0 0 SPENCER TAINTOR HEAD OF SCHOOL 40.00 X 210000 0 24820 SHARON KOENINGS HEAD OF ADMISSIONS/ASST HEAD OF SCHOOL 40.00 X 107000 0 19500 317000 0 44320 2 0 1 0 MIDAMERICAN BUILDING SERVICES 6682 W GREENFIELD AVE SUITE 109 WEST ALLIS WI 53214 CLEANING SERVICES 414115 STIER CONSTRUCTIONS INC N8W522195 JOHNSON DR SUITE 160 WAUKESHA WI 53186 CONSTRUCTIONS AND CONSULTING SERVICES 337534 INDEPENDENT TITLE SERVICES INC 675 N BROOKFIELD ROAD SUITE 102 BROOKFIELD WI 53045 TITLE SERVICES 204188 CALIFORNIA FIRST LEASING CORP PO BOX 2506 SANTA ANA CA 92707 LEASING SERVICES 166767 4 259869 1041104 4408 1300973 TUITION 611710 13465729 13465729 OTHER PROGRAM REVENUES 611710 748064 748064 ATHLETICS 611710 16148 16148 14229941 13861 13861 9650 0 9650 9650 9650 64181 64145 36 36 36 85924 259869 79149 6775 6775 21855 7393 14462 14462 PASS THROUGH REVENUE - UBI 310000 104600 299635 -195035 104600 15680298 14229941 299635 -150251 1480471 1480471 234820 209348 16410 9062 7860705 7006285 552229 302191 340149 300336 26928 12885 911743 820609 53712 37422 567172 505881 40753 20538 27792 27792 45725 45725 12046 12046 43360 43360 228485 63814 164671 246544 233940 12604 1554666 1554666 104895 95894 9001 28982 19058 9924 97466 97466 1139667 1139667 35603 35603 EDUCATIONAL/TEACHING SU 789427 789427 DEVELOPMENT COSTS 120551 120551 INCOME TAX - UBIT 108440 108440 ADMISSIONS 66678 66678 22390 4180 18210 16067777 14368691 1196437 502649 1359764 1231806 4272773 3632497 346062 342962 82927 74388 38208 37891 167988 160514 40782775 14913931 26101941 25868844 3387319 3285275 1780000 1655000 37536982 36289177 1651455 1689564 6343842 5757870 247979 246094 8243276 7693528 X 26317278 25888827 2956428 2686822 20000 20000 29293706 28595649 37536982 36289177 -387479 -310578 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 47.50 1 1 15000 X X 0 5167318 224028 -316302 134769 4940275 5014756 167650 75680 90768 5167318 3614124 791293 707112 97773 5014756 2905958 330441 445407 67682 3614124 2454423 553100 -24610 76955 2905958 0.48400 0.00400 0.51200 0 0 3942615 3942615 29879497 9452349 20427148 2336216 1978306 357910 4624447 3483276 1141171 25868844 SWAP VALUATION 246094 246094 13889245 -310582 -310582 14199827 1480471 1480471 15680298 14587302 0 14587302 1480475 1480475 16067777 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 1,480,471. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 1,480,471. ROUNDING ADJUSTMENT 4. 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 292368 259869 32499 700 3548 32325 2750 7637 GOLF OUTING 53425 53425 26251 5938 345793 259869 85924 700 29799 32325 2750 13575 79149 6775 21855 7000 393 0 21855 7000 393 7393 14462 WI 1 0 1 0 1.00000 KRISTI THOMPSON 3462 NORTH BROOKFIELD ROAD BROOKFIELD WI 53045 0 NA 0 1 NEED BASED FINANCIAL ASSISTANCE 147 1071799 MERIT SCHOLARSHIPS 64 408672 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 SPENCER TAINTOR HEAD OF SCHOOL 210000 0 0 0 0 0 9625 0 15195 0 234820 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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. 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.