2015-02-20T15:59:15-06:00 2014-06-30 621174696 BRUNDIGE PAYNE AND COMPANY PC 700 COLONIAL ROAD SUITE 220 MEMPHIS TN 381175156 990 2013-07-01 454885204 CAPSTONE EDUCATION GROUP INC CAPS 9012614384 PO BOX 22569 MEMPHIS TN 381220569 DREW SIPPEL EXECUTIVE DIRECTOR 9012614384 2015-01-26 1 RICHARD L WEBB CPA P00362093 9016834234 2013 2016-02-25 16:41:14Z X DREW SIPPEL 4488 POPLAR AVE MEMPHIS TN 38117 5186727 0 X WWW:CORNERSTONEPREPMEMPHIS.ORG/CAPSTONE-EDUCAT X 2012 TN EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 7 7 67 100 0 0 0 5160618 0 0 82 26109 0 0 82 5186727 0 0 0 0 0 3536505 0 0 16548 0 822538 0 4359043 82 827684 5031386 6042144 13517 196591 5017869 5845553 EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 0 0 4284827 5186808 COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION. 4284827 1 1 0 0 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 1 17 0 1 67 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DREW SIPPEL 9012614384 320 CARPENTER STREET MEMPHIS TN 38112 PAUL F T EDWARDS SECRETARY 1.00 X X 0 0 0 THOMAS M MARINO VICE PRESIDENT 1.00 X X 0 0 0 ELLIOT PERRY DIRECTOR 1.00 X 0 0 0 JAY DARREN HARVILL CHAIRMAN 1.00 X 0 0 0 MONIKA L JOHNSON DIRECTOR 1.00 X 0 0 0 CAM ECHOLS DIRECTOR 1.00 X 0 0 0 DONYA MOORE DIRECTOR 1.00 X 0 0 0 DREW SIPPEL EXECUTIVE DIRECTOR 50.00 X 132892 0 3605 132892 0 3605 1 0 0 0 0 4814161 346457 5160618 26109 26109 5186727 0 0 26109 139573 111659 13957 13957 2757758 2728828 28930 221185 220463 361 361 417989 415755 1117 1117 144 144 38354 38354 53257 53257 1642 1642 38809 38809 86460 82870 3590 4611 4381 230 20336 19316 1020 CONTRACT LABOR 187601 187601 SUPPLIES 145883 145883 STAFF DEVELOPMENT 83588 83588 STUDENT ASSESMENT/TRAIN 55982 55982 105871 96295 8463 1113 4359043 4284827 57668 16548 3041247 3083057 1897182 2407727 84234 547248 23723 19611 8723 4112 5031386 6042144 13517 196591 13517 196591 X 5017869 5845553 5017869 5845553 5031386 6042144 827684 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9490 9490 0 14233 10121 4112 4112 X 5186727 0 5186727 0 5186727 4359043 0 4359043 0 4359043 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBES THE SCHOOL'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS TO IDENTIFY POTENTIAL CONFLICTS WITH VENDORS, EMPLOYEES, CLIENTS, AND OTHER POTENTIAL CONFLICTS ARE COMPLETED BY ALL BOARD MEMBERS. PERIODIC REVIEWS ARE ALSO CONDUCTED AND WHEN CONFLICTS ARISE, A RESOLUTION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES OF CAPSTONE EDUCATION GROUP ARE DETERMINED BASED ON MARKET RATES, EDUCATION LEVEL AND EXPERIENCE AND COMPENSATION LEVELS ARE CONSISTENT WITH COMPARABLE DATA FROM SCHOOL SYSTEMS IN THE AREA WITH BOARD APPROVAL OF ALL EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 CAPSTONE EDUCATION GROUP HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION" AND WILL PROVIDE THE INFORMATION FOR REVIEW BY ANYONE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS FOR THE AUDITED FINANCAIL STATEMENTS OR THE SELECTION PROCESS OF THE INDEPENDENT AUDITORS FROM THE PRIOR YEAR.