2016-05-13T10:08:54-05:00 2015-06-30 621073578 FRASIER DEAN & HOWARD PLLC 3310 WEST END AVE STE 550 NASHVILLE TN 37203 990 2014-07-01 621296326 CURREY INGRAM ACADEMY CURR 6155073167 6544 MURRAY LANE BRENTWOOD TN 37027 DR JEFFREY L MITCHELL HEAD OF SCHOOL 6155073167 2016-05-11 1 STEPHEN T DOLAN P00666397 6153836592 X 2014 2016-08-17 19:52:53Z DR JEFFREY L MITCHELL 6544 MURRAY LANE BRENTWOOD TN 37027 16737196 0 X WWW.CURREYINGRAM.ORG X 1968 TN CURREY INGRAM ACADEMY IS A NONPROFIT KINDERGARTEN THROUGH TWELFTH GRADE COLLEGE PREPARATORY SCHOOL FOR STUDENTS WITH AVERAGE TO ABOVE AVERAGE INTELLIGENCE WHO HAVE LEARNING DIFFERENCES.CURREY INGRAM ENCOURAGES STUDENTS TO DEVELOP EFFECTIVE LEARNING STRATEGIES BY HIRING HIGHLY TRAINED TEACHERS WHO MEET THE INDIVIDUAL EDUCATIONAL NEEDS OF EACH STUDENT BY BUILDING ON STRENGTHS, ADDRESSING LEARNING STYLES AND CULTIVATING THE CONFIDENCE NECESSARY FOR SELF ADVOCACY. SCHOOL ACTIVITIES ARE PLANNED TO BROADEN INTERESTS, PROMOTE LEADERSHIP, SHAPE CHARACTER AND DEVELOP TALENTS.ESTABLISHING PARTNERSHIPS WITH FAMILIES AND SHARING RESOURCES WITH PARENTS, EDUCATORS AND PROFESSIONALS BEYOND THE SCHOOL ARE ESSENTIAL TO THE CURREY INGRAM EXPERIENCE. CURREY INGRAM ACADEMY IS DEDICATED TO INSPIRING LIFELONG LEARNERS WHO ENJOY A QUALITY OF LIFE THAT IS EDUCATIONALLY REWARDING AND PERSONALLY FULFILLING. 17 16 180 125 0 0 4640157 2272710 12584832 13229089 125611 97433 122137 146231 17472737 15745463 1476649 1555760 0 0 8658345 8484070 0 0 640210 6618964 6461864 16753958 16501694 718779 -756231 47499213 44816263 12806249 10793201 34692964 34023062 X SEE SCHEDULE O 0 0 14592335 1555760 13229089 CURREY INGRAM ACADEMY IS A NONPROFIT KINDERGARTEN THROUGH TWELFTH GRADE COLLEGE PREPARATORY SCHOOL OF APPROXIMATELY 300 STUDENTS WITH AVERAGE TO ABOVE AVERAGE INTELLIGENCE WHO HAVE LEARNING DIFFERENCES. 14592335 1 1 0 0 0 0 0 0 0 1 1 0 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 0 1 0 0 1 0 0 0 0 0 0 0 0 1 68 0 1 180 1 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X CHAD HANDSHY 6155073242 6544 MURRAY LANE BRENTWOOD TN 37027 G MILLER HOGAN II PRESIDENT 2.00 X X 22094 0 0 SUSAN A GRADY TRUSTEE 2.00 X 0 0 0 JEFFREY A GREENE SECRETARY 2.00 X X 0 0 0 JEFFREY B ESKIND MD PAST PRESIDENT 2.00 X X 0 0 0 JAMIE CONNELLY TRUSTEE 2.00 X 0 0 0 TIMOTHY LOGAN TRUSTEE 2.00 X 0 0 0 STEVE KROEGER FIRST VP 2.00 X X 0 0 0 WILLIAM R FRIST SECOND VP 2.00 X X 0 0 0 MYRA LEATHERS TRUSTEE 2.00 X 0 0 0 CHRIS MCDANIEL TRUSTEE 2.00 X 0 0 0 W BRYANT TIRRILL TREASURER 2.00 X X 0 0 0 ANDREA GAUME TRUSTEE 2.00 X 0 0 0 RUTH ANN ROWLAND THIRD VP 2.00 X X 0 0 0 MOLLY ROLLINS TRUSTEE 2.00 X 0 0 0 SUSAN H HAMMER TRUSTEE 2.00 X 0 0 0 FRANK J HARAF JR MD TRUSTEE 2.00 X 0 0 0 STEPHAN J HEYMAN MD TRUSTEE 2.00 X 0 0 0 SCOTT R PHILLIPS TRUSTEE 2.00 X 0 0 0 JACQUELINE PHILLIPS TRUSTEE 2.00 X 0 0 0 CHAD J HANDSHY ASST HEAD OF SC 40.00 X 173074 0 8654 DR JEFFREY MITCHELL HEAD OF SCHOOL 40.00 X 150672 0 16489 DR JANE HANNAH ASST HEAD OF SC 40.00 X 112242 0 9632 PAUL WENNINGER FORMER, INTERIM HD SCH 40.00 X 113818 0 12500 571900 0 47275 4 1 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 CAFETERIA OUTSOURCE 776107 SCHOOL FACILITY MANAGEMENT LLC 800 18TH AVE SOUTH STE A NASHVILLE TN 37203 MAINTENANCE 355401 SERVICEFM LLC 800 18TH AVE S STE A NASHVILLE TN 37203 MAINTENANCE 241707 APPLE INC PO BOX 281877 ATLANTA GA 30384 COMPUTER LEASE & SERVICES 175464 4 166342 2106368 39215 2272710 TUITION 611600 11736297 11736297 CHILD DEVELOPMENT CENTER 900099 326614 326614 DIAGNOSTIC CENTER 900099 307456 307456 STUDENT ACTIVITIES INCOME 900099 214883 214883 DEWAR'S TUITION REFUND 900099 194896 194896 448943 448943 13229089 96377 96377 12260 0 12260 12260 12260 923755 922699 1056 1056 1056 52044 166342 69034 -16990 -16990 MISCELLANEOUS 900099 150961 150961 150961 15745463 13229089 0 243664 X 1555760 1555760 399788 346839 31515 21434 6834847 5929633 538779 366435 232340 209106 13940 9294 504658 454193 30279 20186 512437 461194 30746 20497 21342 1365 19977 28400 28400 107456 101180 5764 512 273560 109059 41843 122658 202583 149047 49867 3669 74122 68516 5606 321687 321687 284411 266004 17894 513 2066078 2066078 153393 153393 CONTRACT SERVICES 1094494 1033958 54731 5805 BAD DEBTS 419040 173040 246000 FOOD EXPENSE 316277 298160 16441 1676 MATERIALS AND SUPPLIES 297481 208970 83473 5038 801540 685153 53894 62493 16501694 14592335 1269149 640210 3315814 3562274 49386 89937 2044003 932682 471097 221019 131329 193509 51167416 15998254 37078568 35169162 4285894 4533121 123122 114559 47499213 44816263 287941 337116 3089876 3002684 8688308 6948605 740124 504796 12806249 10793201 X 29598200 30101971 2126164 932682 2968600 2988409 34692964 34023062 47499213 44816263 -756231 86329 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 2968600 1640284 4608884 2809876 158724 2968600 2800626 9250 2809876 2796190 4436 2800626 2782085 14105 2796190 0.35160 0.64840 0 0 2986766 2986766 41889583 10951822 30937761 959045 485263 473782 273482 255682 17800 5058540 4305487 753053 35169162 INTEREST RATE SWAP AGREEMENT 214141 CAPITAL LEASE OBLIGATION 290655 504796 X 14345066 86329 69034 155363 14189703 1555760 1555760 15745463 15014968 69034 69034 14945934 1555760 1555760 16501694 PART V, LINE 4: THE ACADEMY HAS A POLICY OF APPROPRIATING DIVIDEND AND INTEREST INCOME FROM THE ENDOWMENT FUND FOR SCHOLARSHIPS AND FINANCIAL ASSISTANCE. PART X, LINE 2: THE ACADEMY IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY FOLLOWS FASB ASC GUIDANCE CLARIFYING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITYS FINANCIAL STATEMENTS. THIS GUIDANCE PRESCRIBES A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION THAT IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKEY OF BEING RECOGNIZED UPON ULTIMATE SETTLEMENT. THE ACADEMY HAS NO TAX PENALTIES OR INTEREST REPORTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. TAX YEARS THAT REMAIN OPEN FOR EXAMINATION INCLUDE YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 69,034. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/SCHOLARSHIPS 1,555,760. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 69,034. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/SCHOLARSHIPS 1,555,760. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 OUR ADMISSIONS BROCHURE AND ANNUAL REPORT REFLECT OUR NONDISCRIMINATORY POLICY. CELEBRATION OF THE ARTS 128980 77995 50985 39277 HENDERSON GOLF MEMORIAL TOURNAMENT 89406 88347 1059 29757 218386 166342 52044 69034 69034 -16990 1 SCHOLARSHIPS FOR STUDENTS 124 1555760 PART I, LINE 2: THE SCHOLARSHIP COMMITTEE MEETS 4-5 TIMES PER YEAR TO DETERMINE WHO QUALIFIES FOR SCHOLARSHIPS. NO CASH IS EXCHANGED BETWEEN THE STUDENTS AND THE ACADEMY; IT IS SIMPLY A DEDUCTION OFF THEIR ANNUAL TUITION THEREFORE, NO MONITORING OF THE FUNDS IS REQUIRED. EMPLOYEES WHO MEET SPECIFIED EMPLOYMENT REQUIREMENTS MAY QUALIFY FOR TUITION REDUCTION FOR CHILDREN ENROLLED AT CURREY INGRAM ACADEMY. X X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 CHAD J HANDSHY ASST HEAD OF SC 173074 0 0 0 0 0 8654 0 0 0 181728 0 0 0 DR JEFFREY MITCHELL HEAD OF SCHOOL 150672 0 0 0 0 0 7534 0 8955 0 167161 0 0 0 PAUL WENNINGER FORMER, INTERIM HD SCH 113818 0 0 0 0 0 0 0 12500 0 126318 0 0 0 PART III - ADDITIONAL INFORMATION DUE TO THE FACT THAT THE SCHOOL DOES NOT OWN A HOUSE, AND IN ORDER TO REMAIN COMPETITIVE, THE SCHOOL PROVIDES A HOUSING ALLOWANCE TO THE HEAD OF SCHOOL. A IDB WILLIAMSON CTY TN 522018208 2008-11-20 7500000 CONSTRUCT UPPERSCHOOL & GYM 0 0 0 B IDB WILLIAMSON CTY TN 522018208 2009-10-20 6105000 REFUND 2003 BOND ISSUE PRICE 0 0 0 C IDB WILLIAMSON CTY TN 522018208 2013-05-03 4100000 EDUCATIONAL FACILITIES 0 0 0 A 4414124 30075 5469925 1500000 0 0 1 1 B 2120000 6105000 0 1 1 1 C 1722271 4100000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 1 SUNTRUST 13.400000000000 0 0 0 0 0 C 0 0 0 0 1 0 0 0 0 G MILLER HOGAN II BOARD PRESIDENT 22521 LEGAL SERVICES 0 NANCY ZORETIC FORMER BOARD MEMBER 770 SECONDARY BANK FEES 0 X 4 872010 FMV X OTHER 153 39215 FMV 0 0 1 PART I, LINE 32B: A THIRD PARTY BROKERAGE FIRM SELLS STOCK GIFTS. PART I, LINE 33: THE STOCK DONATIONS ARE NOT REPORTED IN CURRENT YEAR REVENUES. THEY ARE CURRENT YEAR PAYMENTS OF PRIOR YEARS PLEDGES. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION CURREY INGRAM ACADEMY IS A PRIMARY THROUGH TWELFTH GRADE INDEPENDENT COLLEGE PREPARATORY SCHOOL. CURREY INGRAM PROVIDES AN ENVIRONMENT RICH IN OPPORTUNITIES FOR STUDENTS WHO HAVE UNIQUE LEARNING STYLES. THE EDUCATIONAL PROGRAM IS STRUCTURED FOR STUDENTS TO ACHIEVE A HIGH STANDARD OF ACADEMIC EXCELLENCE THROUGH PERSONALIZED INSTRUCTION WITHIN THE FRAMEWORK OF THE CURRICULUM DESIGNED FOR SUPERIOR TO AVERAGE LEARNERS. CURREY INGRAM ENCOURAGES STUDENTS TO DEVELOP EFFECTIVE LEARNING STRATEGIES BY HIRING HIGHLY TRAINED TEACHERS WHO MEET THE INDIVIDUAL EDUCATIONAL NEEDS OF EACH STUDENT BY BUILDING ON STRENGTHS, ADDRESSING LEARNING STYLES AND CULTIVATING THE CONFIDENCE NECESSARY FOR SELF ADVOCACY. SCHOOL ACTIVITIES ARE PLANNED TO BROADEN INTERESTS, PROMOTE LEADERSHIP, SHAPE CHARACTER AND DEVELOP TALENTS. ESTABLISHING PARTNERSHIPS WITH FAMILIES AND SHARING RESOURCES WITH PARENTS, EDUCATORS AND PROFESSIONALS BEYOND THE SCHOOL ARE ESSENTIAL TO THE CURREY INGRAM EXPERIENCE. CURREY INGRAM ACADEMY IS DEDICATED TO INSPIRING LIFELONG LEARNERS WHO ENJOY A QUALITY OF LIFE THAT IS EDUCATIONALLY REWARDING AND PERSONALLY FULFILLING. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO ACT ON BEHALF OF THE BOARD OF TRUSTEES IN EMERGENCY SITUATIONS REQUIRING IMMEDIATE ACTION. MINUTES OF ALL EXECUTIVE COMMITTEE MEETINGS WILL BE MAILED TO BOARD MEMBERS, EXCEPT FOR MEETINGS OR PORTIONS OF MEETINGS WHICH ARE DECLARED EXECUTIVE SESSIONS BY THE COMMITTEE CHAIR. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE 990 WILL BE E-MAILED TO THE BOARD OF TRUST FOR REVEIW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CODE OF ETHICS STATEMENT WHICH SOLIDIFIES THEIR COMMITMENT TO THE BOARD. BOARD MEMBERS AGREE TO REFRAIN FROM VOTING ON MATTERS IN WHICH THERE IS A CONFLICT. IF A CONFLICT IS ESCALATED IT IS HANDLED ON A CASE BY CASE BASIS BY THE REMAINING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE SALARY FOR THE HEAD OF SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR ALL EMPLOYEES. THE COMPENSATION IS DETERMINED FIRST FROM THE BUDGET AMOUNT ALLOCATED IN TOTAL BY THE BOARD. THEN THE CONTRACT AMOUNT PER INDIVIDUAL IS BASED ON DUTIES, COMPARABLE INDUSTRY STANDARDS, EDUCATION, AND EXPERIENCE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, GRIEVANCE POLICY, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 15,235. MANAGEMENT AND GENERAL EXPENSES 1,025. FUNDRAISING EXPENSES 29. TOTAL EXPENSES 16,289. CONSULTING: PROGRAM SERVICE EXPENSES 85,945. MANAGEMENT AND GENERAL EXPENSES 4,739. FUNDRAISING EXPENSES 483. TOTAL EXPENSES 91,167. FORM 990, PART IX, LINE 24E STUDENT CONTRACT DISCOUNT: PROGRAM SERVICE EXPENSES 210,123. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,123. DEWAR'S TUITION & OTHER INS.: PROGRAM SERVICE EXPENSES 195,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 195,774. STUDENT ACTIVITIES: PROGRAM SERVICE EXPENSES 129,578. MANAGEMENT AND GENERAL EXPENSES 2,632. FUNDRAISING EXPENSES 8,782. TOTAL EXPENSES 140,992. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 30,365. MANAGEMENT AND GENERAL EXPENSES 31,391. FUNDRAISING EXPENSES 40,025. TOTAL EXPENSES 101,781. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 37,652. MANAGEMENT AND GENERAL EXPENSES 5,322. FUNDRAISING EXPENSES 6,681. TOTAL EXPENSES 49,655. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 34,824. MANAGEMENT AND GENERAL EXPENSES 12,416. FUNDRAISING EXPENSES 2,202. TOTAL EXPENSES 49,442. ATHLETICS: PROGRAM SERVICE EXPENSES 35,634. MANAGEMENT AND GENERAL EXPENSES 632. FUNDRAISING EXPENSES 1,415. TOTAL EXPENSES 37,681. BOARD & SCHOOL HOSPITALITY: PROGRAM SERVICE EXPENSES 9,221. MANAGEMENT AND GENERAL EXPENSES 249. FUNDRAISING EXPENSES 3,375. TOTAL EXPENSES 12,845. PERMITS & LICENSES: PROGRAM SERVICE EXPENSES 1,982. MANAGEMENT AND GENERAL EXPENSES 1,252. FUNDRAISING EXPENSES 13. TOTAL EXPENSES 3,247.