2016-02-12T09:09:08-06:00 2015-06-30 581460137 WILLIAMS BENATOR & LIBBY LLP 1040 CROWN POINTE PKWY 400 ATLANTA GA 30338 990 2014-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2016-02-10 1 KEVIN J HEDRICK CPA P00294030 7705120500 2016-02-10 2014 2016-08-17 19:52:53Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 40886220 0 X WWW.DAVISACADEMY.ORG X 1992 GA TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA: KINDERGARTEN PREP THROUGH EIGHTH GRADE. IN A NURTURING, SECURE ENVIRONMENT, INSTRUCTED BY A FACULTY DEDICATED TO EXCELLENCE, CHILDREN ARE ENCOURAGED TO REACH THEIR HIGHEST POTENTIAL. THE DAVIS ACADEMY STRIVES TO CREATE A COMMUNITY IN WHICH CHILDREN DEVELOP A LIFE-LONG LOVE FOR LEARNING AND A COMMITMENT TO JEWISH LIFE FOUNDED ON MORALS, VALUES, AND ETHICS, GROUNDED IN TORAH. 37 37 154 300 0 0 1651218 6444709 11913432 12458684 581617 841835 47228 55674 14193495 19800902 1477851 1696474 0 0 6812379 7228637 0 0 598786 3564221 3818521 11854451 12743632 2339044 7057270 42809447 48663063 16794995 16121701 26014452 32541362 REFER TO FORM 990, PART I, LINE 1 0 0 7669217 1696474 12458684 THE CORPORATION OPERATED AS A NON-PROFIT ELEMENTARY SCHOOL. 7669217 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 154 1 0 0 0 0 0 1 1 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X BONNIE VAVRA 6785273285 8105 ROBERTS DRIVE ATLANTA GA 30350 DEBBIE KURZWEIL PRESIDENT 0.00 X X 0 0 0 SAM L TUCK IMMEDIATE PAST PRESIDENT 0.00 X X 0 0 0 MARK KOPKIN VICE PRESIDENT 0.00 X X 0 0 0 MARA BERMAN VICE PRESIDENT 0.00 X X 0 0 0 EVAN TOPOREK VICE PRESIDENT 0.00 X X 0 0 0 MELINDA COBB TREASURER 0.00 X X 0 0 0 BILL ROTHSCHILD SECRETARY 0.00 X X 0 0 0 TOBY SIDMAN BOARD MEMBER 0.00 X 0 0 0 BILLIE GREENBERG BOARD MEMBER 0.00 X 0 0 0 KEVIN ABEL BOARD MEMBER 0.00 X 0 0 0 BETH WARNER BOARD MEMBER 0.00 X 0 0 0 ANN DAVIS BOARD MEMBER 0.00 X 0 0 0 ELLEN GOLDSTEIN BOARD MEMBER 0.00 X 0 0 0 LISA HAYNOR BOARD MEMBER 0.00 X 0 0 0 JANET SELIG BOARD MEMBER 0.00 X 0 0 0 JEFF HOPKINS BOARD MEMBER 0.00 X 0 0 0 CAROL RUBIN BOARD MEMBER 0.00 X 0 0 0 ALAN ROSENBERG BOARD MEMBER 0.00 X 0 0 0 MARK EDELSTEIN BOARD MEMBER 0.00 X 0 0 0 DINA GERSON BOARD MEMBER 0.00 X 0 0 0 JON LEVEN BOARD MEMBER 0.00 X 0 0 0 LAUREN SIDMAN BOARD MEMBER 0.00 X 0 0 0 ELIZABETH DAVIS BOARD MEMBER 0.00 X 0 0 0 ALLAN J ZACHARIAH BOARD MEMBER 0.00 X 0 0 0 SHERI PANOVKA BOARD MEMBER 0.00 X 0 0 0 DULCY ROSENBERG BOARD MEMBER 0.00 X 0 0 0 SHERRI BERGER BOARD MEMBER 0.00 X 0 0 0 SCOTT GALANTI BOARD MEMBER 0.00 X 0 0 0 ARLENE MARCUS BOARD MEMBER 0.00 X 0 0 0 KELLEE ROSENBERG BOARD MEMBER 0.00 X 0 0 0 PENNI ALPER BOARD MEMBER 0.00 X 0 0 0 SANDY LONDON BOARD MEMBER 0.00 X 0 0 0 DAWN TRESH BOARD MEMBER 0.00 X 0 0 0 ART WILDSTEIN BOARD MEMBER 0.00 X 0 0 0 TONIA SELLERS PAST PRESIDENT 0.00 X 0 0 0 HARRIET ZOLLER PAST PRESIDENT 0.00 X 0 0 0 BRYAN FIELDS PAST PRESIDENT 0.00 X 0 0 0 CAROL NEMO PAST PRESIDENT 0.00 X 0 0 0 BENJAMIN SILLINS PAST PRESIDENT 0.00 X 0 0 0 DEAN BENAMY PAST PRESIDENT 0.00 X 0 0 0 JAN EPSTEIN PAST PRESIDENT 0.00 X 0 0 0 JAY DAVIS TRUSTEE FOR LIFE 0.00 X 0 0 0 WILLIAM BREMAN TRUSTEE FOR LIFE 0.00 X 0 0 0 SIDNEY KIRSCHNER TRUSTEE FOR LIFE 1.00 X 45898 0 0 AMY SHAFRON HEAD OF SCHOOL 40.00 X 307801 0 32537 BONNIE VAVRA CFO 40.00 X 168577 0 8841 ANDREW FRANK ASSOCIATE HEAD OF SCHOOL & PRINCIPAL 40.00 X 168561 0 12369 690837 0 53747 3 0 1 0 TONY & SYLVIA ENTERPRISES 5224 PINNACLE CT NORCROSS GA 30071 JANITORIAL & CLEANING 242760 THE GOODFRIEND COMPANY 5342 TILLY MILL RD DUNWOODY GA 30338 CATERING 127385 SAMSON TRAILWAYS 3745 ZIP INDUSTRIAL BLVD ATLANTA GA 30354 BUS SERVICE 108663 3 363091 6081618 6444709 TUITION AND FEES 611110 12451396 12451396 MISCELLANEOUS PROGRAM SERVICE REV 611110 5128 5128 YEARBOOK REVENUE 611110 2160 2160 12458684 547225 547225 73993 0 73993 73993 73993 21275503 20980438 455 295065 -455 294610 294610 86106 363091 104425 -18319 -18319 19800902 12458684 0 897509 1696474 1696474 698685 180930 449688 68067 5181928 4070154 857381 254393 1348024 1059218 201378 87428 23793 23793 61771 61771 105416 105416 24487 24487 44270 40829 3441 99419 894 98525 79752 16374 63378 280627 280627 37752 11133 26619 283756 283756 921220 921220 98777 98777 CLEANING SERVICE CONTRA 384310 384310 MISCELLANEOUS EXPENSE 199521 31290 168231 SUPPLIES 151412 151412 INSTRUCTIONAL AND STUDE 132780 132780 889458 349848 522384 17226 12743632 7669217 4475629 598786 2172190 1698433 11680689 6327776 189064 4348548 84935 71525 159472 280778 27739740 11238981 16842519 16500759 11459465 19229925 221113 205319 42809447 48663063 678074 781262 4824939 4727592 10001004 9397008 1290978 1215839 16794995 16121701 X 22975855 24796872 2056021 6652140 982576 1092350 26014452 32541362 42809447 48663063 7057270 -530360 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20 109774 1600264 1 1 5534563 1109774 172370 34856 6781851 3411671 1606343 536415 19866 5534563 2937476 146260 343690 15755 3411671 2865470 53253 33035 14282 2937476 2418680 17936 442482 13628 2865470 0.76400 0.16110 0.07490 1 0 2226200 2226200 19736908 7315252 12421656 1216468 514493 701975 4259557 3310604 948953 300607 98632 201975 16500759 INVESTMENT - AJF ENDOWMENT 4190494 F INVESTMENT - AJF BREMAN LIBRARY 21243 F INVESTMENT - AJF NEMO SCHOLARSHIP 82919 F INVESTMENT - AJF BLANTON SCHOLARSHIP 20585 F INVESTMENT - AJF BUNIN, GOODMAN AND ACZEL 51526 F INVESTMENT - AJF BENAMY 39195 F INVESTMENT - AJF DAVIS SCHOLARSHIP 121835 F AJF - EPSTEIN/NEMO ISRAEL SCHOLARSHIP 29281 F INVESTMENT - AJF KANFER SCHOLARSHIP 25005 F INVESTMENT - HARRIET ZOLLER FINE ARTS FUND 64509 F BARKAN FAMILY FUND 36354 F CARY & KRISTI SIEGEL FAMILY FUND 26063 F EMMIE & LEONARD STEIN SCHOLAR FUND 70205 F SYLVIA & BERNARD SOBERMAN MEM FUND 16208 F EXCELLENCE IN EDUCATION ENDOWMENT FUND 146194 F RABBI PHILLIP KRANZ ENDOWMENT FUND 269408 F SIDNEY KIRSCHNER ANNUAL MUSIC PROD FUND 139725 F ROSENBERG FAMILY OF FINE ARTS ENDOWMENT 37076 F INVESTMENT ACCOUNT - CAP CAMP ACCOUNT 2941199 F DAVIS ACADEMY CCC RR FUND - AJF 805950 F PEGGY GREENBAUM FUND 46170 F DULCY & JERRY ROSENBERG SCHOLARSHIP FUND 36732 F WELLS FARGO CAPITAL RESERVE 3736155 F FUTURE OF THE DAVIS ACADEMY ENDOWMENT FUND 322152 F ALUMNI ASSOCIATION ENDOWMENT FUND 44049 F INVESTMENT ACCOUNT - CC3 (14-15) 769866 F INVESTMENT ACCOUNT - THE DAVIS ACADEMY ENDOWMENT FUND 991094 F INVESTMENT ACCOUNT - CAPITAL RESERVE - BOND DEBT 2979874 F INVESTMENT ACCOUNT - RESERVE FUND TUITION SCHOLARSHIPS 1168859 F 19229925 TAXABLE BOND PAYABLE 1215839 1215839 X 17573426 -530360 104425 -425935 17999361 105416 1696125 1801541 19800902 11046516 455 104425 104880 10941636 105416 1696580 1801996 12743632 PART X, LINE 2: THE ACADEMY FOLLOWS CURRENT ACCOUNTING GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAX. IT PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A COMPANY'S INCOME TAX RETURNS, INCLUDING TAXES ON UNRELATED BUSINESS INCOME EARNED BY NOT-FOR-PROFIT ORGANIZATIONS, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE. THE FISCAL YEARS 2012 TO 2015 REMAIN OPEN TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS TO WHICH THE ACADEMY IS SUBJECT. THE ACADEMY HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS RELATED TO YEARS OPEN TO EXAMINATION THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 104,425. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 106. TUITION ASSISTANCE 1,696,474. LOSS ON FIXED ASSETS -455. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 104,425. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 106. TUITION ASSISTANCE 1,696,474. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PUBLICIZED ON APPLICATION MATERIALS WHICH IS PROVIDED ALONG WITH AN INFORMATION PACKAGE FOR ALL INTERESTED PARTIES. GOLF TOURNAMENT 197575 149970 47605 46055 8756 DINNER OF HONOR 205348 166847 38501 26988 22626 1 46274 46274 449197 363091 86106 73043 31382 104425 -18319 1 FINANCIAL ASSISTANCE AS A REDUCTION IN TUITION 96 976446 AMOUNT OF REDUCTION IN TUITION REDUCTION IN TUITION COST FROM NON-CASH FINANCIAL ASSISTANCE FINANCIAL AID FOR STUDENTS 100 720028 CASH N/A PART I, LINE 2: FINANCIAL AID IS NEED BASED. EACH APPLICANT FILLS OUT A STANDARD FORM ANNUALLY. AWARDS ARE DECIDED ANNUALLY BY A COMMITTEE OF THE BOARD. X 1 1 X 0 0 0 0 0 0 0 0 0 AMY SHAFRON HEAD OF SCHOOL 275301 0 32500 0 0 0 13765 0 18772 0 340338 0 0 0 BONNIE VAVRA CFO 158577 0 10000 0 0 0 7929 0 912 0 177418 0 0 0 ANDREW FRANK ASSOCIATE HEAD OF SCHOOL & PRINCIPAL 140824 0 10000 0 17737 0 7041 0 5328 0 180930 0 0 0 PART I, LINE 1A SIDNEY KIRSCHNER, A TRUSTEE, RECEIVED A W-2 WHICH INCLUDES PAYROLL TAXES TO COVER REPORTABLE TAXABLE FRINGE BENEFITS ASSOCIATED WITH TUITION ASSISTANCE. A CITY OF SANDY SPRINGS DEVELOPMENT AUTHORITY 261580939 2013-06-20 10590000 TO REFINANCE THE COST OF ACQUIRING, CONSTRUCTING, RENOVATING, AND INSTALLIN 0 0 0 A 10590000 10590000 1 0 1 1 A 0 0 0 0 0 0 0 0 0 SIDNEY KIRSCHNER PRIOR HEAD OF SCHOOL 23964 TUITION ASSISTANCE DREW FRANK LOWER SCHOOL PRINCIPAL 35474 TUITION ASSISTANCE FORM 990, PART VI, SECTION B, LINE 11 THE BOARD PRESIDENT, HEAD OF SCHOOL AND CFO REVIEW THE RETURN IN DETAIL PRIOR TO FILING, AND A COPY IS PROVIDED FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS BOARD MEMBERS AND OFFICERS READ AND SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ THE POLICIES AND PROCEDURES AND THAT NO CONFLICTS EXIST. SHOULD CONFLICTS ARISE, THE ISSUES ARE DISCUSSED AND RESOLVED BY AN INDEPENDENT COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CFO COMPENSATION BY CEO IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND KEY EMPLOYEE COMPENSATION DETERMINED BY THE CEO AND CFO IN CONSULTATION WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THESE ITEMS ARE MADE AVAILABLE AT THE ORGANIZATION OFFICES UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE MEETS ANNUALLY WITH AUDITORS, REVIEWS FINANCIAL STATEMENTS, MAKES ANY RECOMMENDATIONS NECESSARY TO BOARD, AND THE BOARD VOTES TO ACCEPT AUDIT AND/OR APPROVES AUDIT COMMITTEE RECOMMENDATIONS.