BETA

SWIFT LEARNING CENTER INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SWIFT LEARNING CENTER INC (EIN 58-2410129)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-14
IRS object ID
201611359349300521
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-14T11:00:46-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581763439PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINDHAM BRANNON PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13630 PEACHTREE RD NE SUITE 600AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30326ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN582410129EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SWIFT LEARNING CENTER INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSWIFBusinessNameControlTxt
Phone6782054988PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 GRIMES BRIDGE ROADAddressLine1Txt
CityROSWELLCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30075ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL FOLTZPersonNm
Person TitleASSOC HEAD OF SCHOOLPersonTitleTxt
Phone6782054988PhoneNum
Signature2016-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEBORAH L PRIEST CPAPreparerPersonNm
PTINP00148240PTIN
Phone4048982000PhoneNum
Preparation2016-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1THE SWIFT SCHOOL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerPAUL FOLTZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 GRIMES BRIDGE ROADAddressLine1Txt
CityROSWELLCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30075ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,250,998GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.THESWIFTSCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1998FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTO PREPARE CHILDREN WITH DYSLEXIA & RELATED LANGUAGE-BASED LEARNING DIFFERENCES TO BE SUCCESSFUL IN LIFE BY TEACHING SPECIFIC LEARNING STRATEGIES AND BY IDENTIFYING AND FULLY DEVELOPING STUDENT TALENTS IN AN EXCITING, CHALLENGING, AND SUPPORTIVE ENVIRONMENT.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee109TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$196,105PYContributionsGrantsAmt
CY Contributions Grants$227,661CYContributionsGrantsAmt
PY Program Service Revenue$6,091,114PYProgramServiceRevenueAmt
CY Program Service Revenue$6,898,914CYProgramServiceRevenueAmt
PY Investment Income$14,455PYInvestmentIncomeAmt
CY Investment Income$18,626CYInvestmentIncomeAmt
PY Other Revenue$49,300PYOtherRevenueAmt
CY Other Revenue$39,815CYOtherRevenueAmt
PY Total Revenue$6,350,974PYTotalRevenueAmt
CY Total Revenue$7,185,016CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,818,343PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,450,826CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,822CYTotalFundraisingExpenseAmt
PY Other Expenses$1,463,620PYOtherExpensesAmt
CY Other Expenses$1,625,152CYOtherExpensesAmt
PY Total Expenses$5,281,963PYTotalExpensesAmt
CY Total Expenses$6,075,978CYTotalExpensesAmt
PY Revenues Less Expenses$1,069,011PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,109,038CYRevenuesLessExpensesAmt
Total Assets BOY$9,574,670TotalAssetsBOYAmt
Total Assets EOY$12,414,367TotalAssetsEOYAmt
Total Liabilities BOY$6,336,852TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,067,511TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,237,818NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,346,856NetAssetsOrFundBalancesEOYAmt
MissionTO PREPARE CHILDREN WITH DYSLEXIA & RELATED LANGUAGE-BASED LEARNING DIFFERENCES TO BE SUCCESSFUL IN LIFE BY TEACHING SPECIFIC LEARNING STRATEGIES AND FULLY DEVELOPING STUDENT TALENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,282,415ExpenseAmt
Revenue$6,898,914RevenueAmt
DescEDUCATING CHILDREN WITH MILD TO MODERATE LEARNING DIFFICULTIES IN READING, SPELLING, WRITING, PHONEME AWARENESS, AND LANGUAGE PROCESSING/EXPRESSION.Desc
Total Program Service Expenses$4,282,415TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document14IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee109EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PAUL FOLTZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6782054988PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 GRIMES BRIDGE RDAddressLine1Txt
CityROSWELLCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30075ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JEFFERY KUDLATA
SECRETARY3.00Yes (X)Yes (X)$0$0$0
LAURA RIES
VICE CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
PAUL COHEN
TRUSTEE1.00Yes (X)$0$0$0
PETER WILLIAMS
TREASURER4.00Yes (X)Yes (X)$0$0$0
RICHARD PHILLIPS
CHAIRMAN8.00Yes (X)Yes (X)$0$0$0
RICHARD WENDLEK
EXEC.DIRECTOR55.00Yes (X)Yes (X)$255,990$0$0
BOB GRAY
TREASURER1.00Yes (X)Yes (X)$0$0$0
ANDREA SALAPKA
ASSOC. HEAD OF SCHOOL55.00$110,466$0$0Yes (X)
PAUL FOLTZ
ASSOC. HEAD OF SCHOOL55.00$113,337$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$479,793TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1A TASTY TOUCHBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11341 WINBORN CIR NWAddressLine1Txt
CityKENNESAWCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30152ZIPCd
FieldValueIRS element (for citing)
ServicesLUNCH SERVICE FOR STUDENTSServicesDesc
Compensation$199,300CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Membership Dues$6,370MembershipDuesAmt
Fundraising$33,394FundraisingAmt
All Other Contributions$187,897AllOtherContributionsAmt
Noncash Contributions$19,908NoncashContributionsAmt
Total Contributions$227,661TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION & FEESDesc
Business611600BusinessCd
Total Revenue Column$6,898,914TotalRevenueColumnAmt
Related Or Exempt Func Income$6,898,914RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$6,898,914TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,626TotalRevenueColumnAmt
Exclusion$18,626ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$105,797FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$33,394ContriRptFundraisingEventAmt
Fundraising Direct Expenses$65,982FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,815TotalRevenueColumnAmt
Exclusion$39,815ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,185,016TotalRevenueColumnAmt
Related Or Exempt Func Income$6,898,914RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$58,441ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$255,990TotalAmt
Program Services$169,927ProgramServicesAmt
Management And General$86,063ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,886,231TotalAmt
Program Services$2,579,687ProgramServicesAmt
Management And General$1,306,544ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$308,605TotalAmt
Program Services$246,849ProgramServicesAmt
Management And General$61,756ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$26,426TotalAmt
Program Services$9,511ProgramServicesAmt
Management And General$16,915ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,761TotalAmt
Program Services$8,192ProgramServicesAmt
Management And General$14,569ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$91,758TotalAmt
Program Services$33,024ProgramServicesAmt
Management And General$58,734ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$30,430TotalAmt
Program Services$30,430ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$189,495TotalAmt
Program Services$144,269ProgramServicesAmt
Management And General$45,226ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$227,585TotalAmt
Program Services$188,896ProgramServicesAmt
Management And General$38,689ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$65,120TotalAmt
Program Services$65,120ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SCHOOL SUPPLIES & ACTIV$538,556$514,535$20,199$3,822
MAINTENANCE$83,846$50,758$33,088
TELEPHONE & UTILITIES$81,540$56,659$24,881
EQUIPMENT EXPENSES$68,149$59,114$9,035

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$199,486TotalAmt
Program Services$125,444ProgramServicesAmt
Management And General$74,042ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,075,978TotalAmt
Program Services$4,282,415ProgramServicesAmt
Management And General$1,789,741ManagementAndGeneralAmt
Fundraising$3,822FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,923,304BOYAmt
EOY$7,660,101EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$64,225BOYAmt
EOY$66,336EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$46,127BOYAmt
EOY$46,882EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,002,191LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,405,054LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,514,775BOYAmt
EOY$4,597,137EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$26,239BOYAmt
EOY$43,911EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,574,670BOYAmt
EOY$12,414,367EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$189,167BOYAmt
EOY$247,748EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,917,710BOYAmt
EOY$3,076,675EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,495,666BOYAmt
EOY$4,059,176EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$734,309BOYAmt
EOY$683,912EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,336,852BOYAmt
EOY$8,067,511EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,222,818BOYAmt
EOY$4,328,546EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,000BOYAmt
EOY$18,310EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,237,818BOYAmt
EOY$4,346,856EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,574,670BOYAmt
EOY$12,414,367EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,109,038ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$729,273OtherCostOrOtherBasisAmt
Book Value$729,273BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,101,497OtherCostOrOtherBasisAmt
Depreciation$606,904DepreciationAmt
Book Value$2,494,593BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,613,125OtherCostOrOtherBasisAmt
Depreciation$469,463DepreciationAmt
Book Value$1,143,662BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$447,840OtherCostOrOtherBasisAmt
Depreciation$270,069DepreciationAmt
Book Value$177,771BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$110,456OtherCostOrOtherBasisAmt
Depreciation$58,618DepreciationAmt
Book Value$51,838BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,597,137TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED COMPENSATIONDesc
Amt$683,912Amt
FieldValueIRS element (for citing)
Total Liability$683,912TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$7,232,090TotalRevEtcAuditedFinclStmtAmt
Other Revenue$47,074OtherRevenueAmt
Revenue Not Reported$47,074RevenueNotReportedAmt
Revenue Subtotal$7,185,016RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,185,016TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,123,052TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$47,074OtherExpensesIncludedAmt
Expenses Not Reported$47,074ExpensesNotReportedAmt
Expenses Subtotal$6,075,978ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,075,978TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EVENT EXPENSES RECORDED ON REVENUE STATEMENT 47,074. FAIR MARKET VALUE OF PROPERTY DONATIONS 18,908. PROPERTY DONATIONS SOLD IN SPECIAL EVENT -18,908.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EVENT EXPENSES RECORDED ON REVENUE STATEMENT 47,074.
FIN 48 STATEMENT:THE SCHOOL OPERATES AS A 501(C)(3) NOT-FOR-PROFIT ENTITY AND THEREFORE THERE IS NO PROVISION FOR INCOME TAXES. MANAGEMENT OF THE SCHOOL CONSIDERS THE LIKEHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE SCHOOL'S STATUS AS A NOT-FOR-PROFIT ENTITY AS A 501(C)(3). MANAGEMENT BELIEVES THAT THE SCHOOL MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX; THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationRACIAL NONDISCRIMINATION POLICY IS INCLUDED IN ADMISSIONS DOCUMENTS, SCHOOL LITERATURE, FUNDRAISING DOCUMENTS, WEBSITE, FINANCIAL REPORTS AND THE ANNUAL REPORT.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SPRING GALAEvent1Nm
Gross Receipts Event1$113,509GrossReceiptsEvent1Amt
Charitable Contri Event1$33,394CharitableContriEvent1Amt
Gross Revenue Event1$80,115GrossRevenueEvent1Amt
Other Direct Expenses Event1$48,448OtherDirectExpensesEvent1Amt
Event2BOWLING/EVENTSEvent2Nm
Gross Receipts Event2$8,751GrossReceiptsEvent2Amt
Gross Revenue Event2$8,751GrossRevenueEvent2Amt
Other Direct Expenses Event2$8,965OtherDirectExpensesEvent2Amt
Other Events Total3OtherEventsTotalCnt
Gross Receipts Other Events$16,931GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$16,931GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$8,569OthDirectExpnssOtherEventsAmt
Gross Receipts Total$139,191GrossReceiptsTotalAmt
Charitable Contributions Tot$33,394CharitableContributionsTotAmt
Gross Revenue Total Events$105,797GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$65,982OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$65,982DirectExpenseSummaryEventsAmt
Net Income Summary$39,815NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRICHARD WENDLEKPersonNm
TitleEXEC.DIRECTORTitleTxt
Base Compensation Filing Org$255,990BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$255,990TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE ANNUAL AUDIT AND THE ACCOMPANYING FINANCIAL STATEMENTS ARE REVIEWED WITH THE CPA FIRM BY THE SCHOOL'S TREASURER, FINANCE COMMITTEE, HEAD OF SCHOOL AND BUSINESS MANAGER. THE PACKAGE IS AGAIN REVIEWED BEFORE AND BY THE ENTIRE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED FALL MEETING OF THE BOARD. APPROVAL BY MOTION, SECOND AND VOTE TO APPROVE ACCEPTANCE IS PERFORMED. UPON ACCEPTANCE THE BUSINESS MANAGER INITIATES THE PROCESS TO ENGAGE THE AUDITING FIRM TO BEGIN PREPARATION OF THE 990. THE COMPLETED FORM 990 IS REVIEWED BY THE BUSINESS MANAGER, TREASURER, AND HEAD OF SCHOOL PRIOR TO SUBMITTAL TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE ROUTINELY ASKED TO NOTIFY THE ORGANIZATION OF ANY BUSINESS RELATIONSHIPS WITH THE ORGANIZATION. THESE RELATIONSHIP ARE DISCUSSED WITH THE AUDITORS AND DISCLOSED IN THE FINANCIAL STATEMENTS IF NECESSARY.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD ENGAGES CONSULTING FIRMS TO FILL THE EXECUTIVE DIRECTOR POSITION. THE EXECUTIVE DIRECTOR'S SALARY IS SET BASED ON RECOMMENDATIONS OF THE CONSULTING FIRM.
FORM 990, PART VI, SECTION C, LINE 19THE FORM 990, ALONG WITH ANY OTHER OFFICIAL DOCUMENTS, IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE BUSINESS OFFICE OR ADVANCEMENT OFFICE.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS REGARDING ITS INDEPENDENT AUDITORS.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.