2015-02-16T15:40:26-06:00 2014-06-30 581460137 WILLIAMS BENATOR & LIBBY LLP 1040 CROWN POINTE PKWY 400 ATLANTA GA 30338 990 2013-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2015-02-17 1 KEVIN J HEDRICK CPA P00294030 7705120500 2015-02-14 2013 2016-02-25 16:41:14Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 21542707 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. 35 35 176 300 0 0 2063171 1651218 12028620 11913432 359763 581617 -8328 47228 14443226 14193495 1522691 1477851 0 0 6759028 6812379 0 0 333970 3791417 3564221 12073136 11854451 2370090 2339044 40409382 42809447 17654727 16794995 22754655 26014452 REFER TO FORM 990, PART I, LINE 1 0 0 7234231 1477851 11913432 THE CORPORATION OPERATED AS A NON-PROFIT ELEMENTARY SCHOOL. 7234231 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 32 0 1 176 1 0 0 0 0 0 1 1 0 0 0 0 0 X 35 35 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 SAM L TUCK PRESIDENT 0.00 X X 0 0 0 TONIA SELLERS IMMEDIATE PAST PRESIDENT 0.00 X X 0 0 0 MARK KOPKIN VICE PRESIDENT 0.00 X X 0 0 0 DEBBIE KURZWEIL VICE PRESIDENT 0.00 X X 0 0 0 MELINDA COBB TREASURER 0.00 X X 0 0 0 STEVEN RAU 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 ROBBIE FRIEDMANN BOARD MEMBER 0.00 X 0 0 0 BETH WARNER BOARD MEMBER 0.00 X 0 0 0 MARA BERMAN 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 BILL ROTHSCHILD SECRETARY 0.00 X X 0 0 0 ALAN ROSENBERG BOARD MEMBER 0.00 X 0 0 0 MARK EDELSTEIN BOARD MEMBER 0.00 X 0 0 0 KARYN LIPSKY 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 LIEBERMAN BOARD MEMBER 0.00 X 0 0 0 STEPHEN A WINTER 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 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 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 36977 0 0 AMY SHAFRON HEAD OF SCHOOL 40.00 X 263125 0 29327 BONNIE VAVRA CFO 40.00 X 167960 0 8560 ANDREW FRANK LOWER SCHOOL PRINCIPAL 40.00 X 165401 0 12062 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 EVAN TOPOREK BOARD MEMBER 0.00 X 0 0 0 633463 0 49949 3 0 1 0 TONY & SYLVIA ENTERPRISES 5224 PINNACLE CT NORCROSS GA 30071 JANITORIAL & CLEANING 274590 TRAVELAND INC 878 BRIDGEPORT AVE SHELTON CT 06484 TRAVEL AGENCY 132456 MCKENNA LONG & ALDRIDGE LLP PO BOX 116573 ATLANTA GA 30368 LEGAL FEES 127620 THE GOODFRIEND COMPANY 5342 TILLY MILL RD DUNWOODY GA 30338 CATERING 124935 4 318394 1332824 1651218 TUITION AND FEES 611110 11886518 11886518 MISCELLANEOUS PROGRAM SERVICE REV 611110 22552 22552 YEARBOOK REVENUE 611110 4362 4362 11913432 532950 532950 46583 0 46583 46583 46583 7344999 7296332 48667 48667 48667 53525 318394 52880 645 645 14193495 11913432 0 628845 1477851 1477851 646434 177463 410481 58490 4923472 3967861 816204 139407 1242473 921790 257991 62692 14879 14879 53672 53672 85911 85911 44507 42530 1977 86230 942 85288 95278 20935 74343 244071 244071 51791 9447 42344 283978 283978 951172 951172 92193 92193 CLEANING SERVICE CONTRA 382258 382258 SUPPLIES 143690 143690 INSTRUCTIONAL AND STUDE 113581 113581 MISCELLANEOUS EXPENSE 104512 57104 47408 816498 400671 391831 23996 11854451 7234231 4286250 333970 1347245 2172190 11244062 11680689 444423 189064 93291 84935 186205 159472 27262093 10419574 17339422 16842519 9533335 11459465 221399 221113 40409382 42809447 776873 678074 4921854 4824939 10590000 10001004 1366000 1290978 17654727 16794995 X 16735070 22975855 5143352 2056021 876233 982576 22754655 26014452 40409382 42809447 2339044 920753 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20 106343 1454767 1 1 3411671 1606343 536415 19866 5534563 2937476 146260 343690 15755 3411671 2865470 53253 33035 14282 2937476 2418680 17936 442482 13628 2865470 2116607 28418 285835 12180 2418680 0.73720 0.17750 0.08530 1 0 2226200 2226200 19735095 6822688 12912407 970012 461139 508873 4120416 2929585 1190831 210370 206162 4208 16842519 INVESTMENT - AJF ENDOWMENT 4079796 F INVESTMENT - AJF BREMAN LIBRARY 20868 F INVESTMENT - AJF NEMO SCHOLARSHIP 80928 F INVESTMENT - AJF BLANTON SCHOLARSHIP 20262 F INVESTMENT - AJF BUNIN, GOODMAN AND ACZEL 50384 F INVESTMENT - AJF BENAMY 38345 F INVESTMENT - AJF DAVIS SCHOLARSHIP 116930 F AJF - EPSTEIN/NEMO ISRAEL SCHOLARSHIP 28593 F INVESTMENT - AJF KANFER SCHOLARSHIP 24167 F INVESTMENT - HARRIET ZOLLER FINE ARTS FUND 62037 F BARKAN FAMILY FUND 35296 F CARY & KRISTI SIEGEL FAMILY FUND 25595 F EMMIE & LEONARD STEIN SCHOLAR FUND 68569 F SYLVIA & BERNARD SOBERMAN MEM FUND 16001 F EXCELLENCE IN EDUCATION ENDOWMENT FUND 142372 F RABBI PHILLIP KRANZ ENDOWMENT FUND 262259 F SIDNEY KIRSCHNER ANNUAL MUSIC PROD FUND 133891 F ROSENBERG FAMILY OF FINE ARTS ENDOWMENT 35701 F INVESTMENT ACCOUNT - CAP CAMP ACCOUNT 2922775 F DAVIS ACADEMY CCC RR FUND - AJF 784839 F PEGGY GREENBAUM FUND 82511 F DULCY & JERRY ROSENBERG SCHOLARSHIP FUND 34184 F WACHOVIA CAPITAL RESERVE 2134777 F FUTURE OF THE DAVIS ACADEMY ENDOWMENT FUND 214640 F ALUMNI ASSOCIATION ENDOWMENT FUND 43745 F 11459465 TAXABLE BOND PAYABLE 1290978 1290978 X 13603297 920752 52880 973632 12629665 85911 1477920 1563831 14193496 10343500 52880 52880 10290620 85911 1477920 1563831 11854451 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 2011 TO 2014 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 52,880. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 69. TUITION ASSISTANCE 1,477,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 52,880. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 69. TUITION ASSISTANCE 1,477,851. 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 203409 149884 53525 39056 13824 DINNER OF HONOR 13370 13370 1 155140 155140 371919 318394 53525 39056 13824 52880 645 1 FINANCIAL ASSISTANCE AS A REDUCTION IN TUITION 113 1197611 AMOUNT OF REDUCTION IN TUITION REDUCTION IN TUITION COST FROM NON-CASH FINANCIAL ASSISTANCE FINANCIAL AID FOR STUDENTS 89 280240 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 230625 0 32500 0 0 0 11531 0 17796 0 292452 0 0 0 BONNIE VAVRA CFO 152960 0 15000 0 0 0 7648 0 912 0 176520 0 0 0 ANDREW FRANK LOWER SCHOOL PRINCIPAL 138279 0 10000 0 17122 0 6914 0 5148 0 177463 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 19618 TUITION ASSISTANCE DREW FRANK LOWER SCHOOL PRINCIPAL 17122 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.