2016-05-16T11:35:38-05:00 2015-06-30 454084437 WARREN AVERETT LLC SIX CONCOURSE PARKWAY SUITE 600 ATLANTA GA 30328 990 2014-07-01 205830622 THE INTOWN ACADEMY INC INTO 4048927733 386 PINE STREET ATLANTA GA 30308 DYLAN BESS BOARD CHAIR 4048927733 2016-05-14 1 RACHEL M SKYPEK P00966186 7703961100 2016-05-14 2014 2016-08-17 19:52:53Z X DYLAN BESS 386 PINE STREET ATLANTA GA 30308 4075940 0 X WWW.INTOWNACADEMY.ORG X 2006 GA THE MISSION OF THE INTOWN ACADEMY IS TO PROVIDE A RIGOROUS AND STIMULATING CURRICULUM WHICH PROMOTES HIGH ACADEMIC ACHIEVEMENT AND GROWTH OF AN INQUIRING SUPPORTIVE LEARNING COMMUNITY PREPARED FOR THE EVOLVING WORLD. 7 7 70 184 0 0 3364434 3826276 167908 210144 0 -192677 200961 39520 3733303 3883263 0 0 0 0 1848117 2646452 0 0 538 1895970 1981018 3744087 4627470 -10784 -744207 1454385 0 538424 0 915961 0 THE MISSION OF THE INTOWN ACADEMY IS TO PROVIDE A RIGOROUS AND STIMULATING CURRICULUM WHICH PROMOTES HIGH ACADEMIC ACHIEVEMENT AND GROWTH OF AN INQUIRING SUPPORTIVE LEARNING COMMUNITY PREPARED FOR THE EVOLVING WORLD. 0 0 3652704 210144 OUR STUDENTS WILL BE ASSESSED IN READING AND MATHEMATICS A MINIMUM OF 3 TIMES A YEAR USING THE COMMON CORE GEORGIA PERFORMANCE STANDARDS DEVELOPED FOR K-12 IN ENGLISH, LANGUAGE ARTS, AND MATHEMATICS. THE ACADEMY PROVIDED EDUCATIONAL PROGRAMS FOR APPROXIMATELY 358 STUDENTS.THE SCHOOL IS CLOSING EFFECTIVE JUNE 15, 2015. 3652704 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 70 1 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X WILLIAM ARTERBERRY 4048927733 386 PINE STREET ATLANTA GA 30308 ADRIENNE WHITE DIRECTOR 2.00 X 0 0 0 KIMBERLY OLIVER DIRECTOR 2.00 X 0 0 0 LARRY NEAL DIRECTOR 2.00 X 0 0 0 DEREK HARDMON DIRECTOR 2.00 X 0 0 0 DYLAN BESS CHAIR 2.00 X X 0 0 0 LEIDA HARDMON DIRECTOR 2.00 X 0 0 0 BRETT LASHER DIRECTOR 2.00 X 0 0 0 ERIC NELSON DIRECTOR 2.00 X 0 0 0 GENE DUNN PRINCIPAL 40.00 X 88168 0 18692 ALIEKA ANDERSON ACADEMY DIRECTOR 40.00 X 71483 0 13867 WILLIAM ARTERBERRY OPERATING MANAGER 40.00 X 69193 0 13550 228844 0 46109 0 0 0 0 0 3826276 3826276 NATIONAL SCHOOL LUNCH 611710 210144 210144 210144 192677 -192677 -192677 -192677 OTHER INCOME 900099 39520 39520 39520 3883263 210144 0 -153157 316695 316695 1968963 1781242 187721 296715 296715 64079 64079 9766 9766 49970 49970 302122 284596 17526 150118 74407 75711 18321 18321 612126 612126 1655 1655 4319 4301 18 172071 172071 315918 315918 LUNCH PROGRAM FEES 204880 204880 INSTRUCTIONAL EXPENSE 103234 103234 MISCELLANEOUS EXPENSES 26397 24956 903 538 MEALS AND ENTERTAINMENT 7371 7371 2750 2750 4627470 3652704 974228 538 1021586 0 0 0 59304 0 0 0 0 0 8748 0 0 364747 0 0 0 0 0 0 1454385 0 537633 0 791 538424 0 X 910961 0 5000 0 915961 0 1454385 0 X -744207 -171754 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4075724 0 4075724 -192461 -192461 3883263 4819931 192677 192677 4627254 216 216 4627470 PART X, LINE 2: EXPLANATION: MANAGEMENT DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS AS DEFINED BY FASB ASC 740, INCOME TAXES. THE SCHOOL COULD BE SUBJECT TO INCOME TAX EXAMINATIONS FOR ITS U.S. FEDERAL TAX FILINGS FOR THE CURRENT TAX YEAR AND PREVIOUS FILINGS FOR YEARS 2014, 2013, AND 2012 STILL OPEN UNDER THE STATUTE OF LIMITATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSITION OF ASSETS -192,677. TITLE 1 EXPENSE NETTED AGAINST INCOME PER AUDIT 216. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSITION OF ASSETS 192,677. PART XII, LINE 4B - OTHER ADJUSTMENTS: TITLE 1 EXPENSES NETTED AGAINST TITLE 1 REVENUE PER AUDIT 216. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INTOWN ACADEMY'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED ON ALL SCHOOL BROCHURES AND IN ITS ENROLLMENT FORMS. SCHEDULE E, PART I, LINE 6 THE INTOWN ACADEMY RECEIVES FEDERAL GRANTS USED FOR ONGOING ACTIVITIES. CASH 2015-06-30 171754 FMV 586000134 ATLANTA PUBLIC SCHOOLS 130 TRINITY AVENUE ATLANTA GA 30303 GOVERNMENT PROPERTY AND EQUIPMENT 2015-06-30 192676 BOOK VALUE 586000134 ATLANTA PUBLIC SCHOOLS 130 TRINITY AVENUE ATLANTA GA 30303 GOVERNMENT TERMINATION OF COPIER LEASE COST 2015-06-30 75000 FMV RICOH USA 2 PEACHTREE ST NW ATLANTA GA 30303 CORPORATION TERMINATION OF EQUIPMENT LEASE COST 2015-06-30 7109 FMV PITNEY BOWES GLOBAL FINANCIAL SERVICES LLC 2225 AMERICAN DRIVE NEENAH WI 54956 LIMITED LIABILITY COMPANY TERMINATION OF EQUIMENT LEASE COST 2015-06-30 12000 FMV MARLIN LEASING 6470 JOHNS CROSSING JOHNS CREEK GA 30097 CORPORATION TERMINATION OF EQUIPMENT LEASE COST 2015-06-30 13560 FMV XO COMMUNICATIONS 4000 HIGHLANDS PKWY SE SMYRNA GA 30082 CORPORATION EMPLOYEE SEVERANCE AND STIPENDS 2015-06-30 9500 FMV EMPLOYEES OF THE INTOWN ACADEMY 386 PINE STREET ATLANTA GA 30308 EMPLOYEE SEVERANCE INSURANCE COSTS 2015-06-30 63097 FMV AETNA 151 FARMINGTON AVENUE HARTFORD CT 06156 CORPORATION 0 0 0 0 1 1 1 1 0 PART I, LINE 3: AT THE TIME OF FILING THIS RETURN, THE OFFICIAL DISSOLUTION OF THE ENTITIY HAD NOT BEEN APPROVED BY THE BOARD. HOWEVER, THE SCHOOL LOST ITS CHARTER AS OF 6-30-2015 AND HAS NOT OPERATED SINCE. ADDITIONALLY, THE ENTITY DOES NOT PLAN TO RENEW ITS ANNUAL REGISTRATION WITH THE STATE OF GA AND DOES NOT INTEND TO PURSUE RE-APPLYING FOR ANOTHER CHARTER. AFTER PAYING ALL DEBTS, THE SCHOOL PLANS TO DISTRIBUTE REMAINING CASH IN ACCORDANCE WITH ITS BYLAWS TO ATLANTA PUBLIC SCHOOLS. FORM 990, PART VI, SECTION A, LINE 2 DEREK HARDMON AND LEIDA HARDMON - SPOUSE FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE & AUDIT CHAIR AND TAX PREPARER (WARREN AVERETT, LLC) PREPARED THE 990. IT WAS THEN GIVEN TO THE FINANCE & AUDIT COMITTEE & THE OPERATIONS MANAGER FOR REVIEW. ONCE REVIEWED IT WAS DISTRIBUTED TO THE ENTIRE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY, AND THE BOARD HAS A FORM EACH MEMBER FILLS OUT ONCE A YEAR DISCLOSING ANY CONFLICTS OF INTEREST. ALSO OUR GOVERNANCE COMMITTEE INVESTIGATES, FOLLOWS UP, AND RULES ACCORDINGLY OVER ANY PERCEIVED CONFLICTS OF INTEREST. IF THERE IS ANY PERCEIVED OR KNOWN CONFLICT OF INTEREST SURROUNDING A BOARD MEMBER AND DELIBERATIONS/VOTES ARE INVOLVED, THE BOARD WOULD EXCUSE THE BOARD MEMBER FROM THOSE DELIBERATIONS/VOTES. IF THAT PERCEIVED OR KNOWN CONFLICT OF INTEREST WAS NOT ALREADY DISCLOSED PER OUR FORM, THEN IT WOULD BE VIEWED AS AN INFRACTION OF THE STATEMENT OF PERSONAL AND PROFESSIONAL STANDARDS OF CONDUCT AND WOULD BE REPORTED AS IDENTIFIED IN OUR POLICY. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO THE BEGINNING OF EACH SCHOOL YEAR, THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE PRINCIPAL, WHO IS THE LEADER OF THE SCHOOL. THE PRINCIPAL THEN WORKS WITH THE BOARD OF DIRECTORS TO DETERMINE THE SALARIES OF THE REST OF THE STAFF. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE BOARD MINUTES ARE KEPT IN A BINDER IN THE MAIN OFFICE OF THE SCHOOL. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DUE TO DISSOLUTION OF SCHOOL -171,754. FORM 990 PART XI LINE 9: THE SCHOOL LOST ITS CHARTER AS OF 6-30-15 AND HAS NOT OPERATED SINCE. ADDITIONALLY, THE ENTITY DOES NOT PLAN TO RENEW ITS ANNUAL REGISTRATION WITH THE STATE OF GA AND DOES NOT INTEND TO PURSUE RE-APPLYING FOR ANOTHER CHARTER. THE REMAINING ASSETS WILL BE DISTRIBUTED IN ACCORDANCE WITH THE SCHOOL'S BYLAWS.