2015-05-06T09:40:10-05:00 2014-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2013-07-01 541371815 THE J127 EDUCATION FOUNDATION J127 7038540619 9657 BLAKE LANE FAIRFAX VA 22031 CHRISTIN SOLY EXECUTIVE DIRECTOR 7038540619 2015-04-29 1 JANICE A RATICA P00358837 7043771678 2013 2016-03-07 17:11:31Z CHRISTIN SOLY 9657 BLAKE LANE FAIRFAX VA 22031 12151854 0 X WWW.MERRITTACADEMY.ORG, WWW.FIRSTSTEPSTYSONS.COM X 1986 VA ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 630 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 3 1 317 3 0 0 24685 75984 11264476 11861554 -26686 154455 27223 45719 11289698 12137712 82440 69888 0 0 7213236 7743443 0 0 1433 3153391 3053930 10449067 10867261 840631 1270451 10661738 12394730 6625080 6847214 4036658 5547516 THE J127 EDUCATION FOUNDATION (FORMERLY SUNRISE SENIOR LIVING EDUCATION FOUNDATION) RUNS THE ACTIVITIES OF THREE PRIVATE SCHOOLS IN NORTHERN VIRGINIA. 0 0 9458235 69888 11879577 ELEMENTARY EDUCATION AND DAY CARE SERVICES TO APPROXIMATELY 630 STUDENTS RANGING IN AGE FROM 6 WEEKS TO 14 YEARS. 9458235 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 34 0 1 317 1 0 0 0 0 0 0 0 0 0 0 X 3 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 1 0 VA X DELORES DEAN THE J127 EDUCATION FOUNDATION 7032738000 9211 ARLINGTON BOULEVARD FAIRFAX VA 22031 SUSIE CLARK DIRECTOR 1.00 0.50 X 0 0 0 PAUL KLAASSEN VICE CHAIRMAN 1.00 2.00 X X 0 0 0 TERESA KLAASSEN CHAIRMAN 2.00 1.00 X X 0 0 0 CHRISTIN SOLY SECRETARY; EXECUTIVE DIRECTOR 20.00 20.00 X 83618 83618 9744 DELORES DEAN DIRECTOR OF FINANCE AND ADMINISTRATION 25.00 15.00 X 98022 0 5003 CAROL EDELSTEIN EXECUTIVE DIRECTOR 40.00 0.00 X 151249 0 6991 332889 83618 21738 1 0 1 0 0 75984 75984 TUITION 611110 11268493 11268493 OTHER SCHOOL RELATED INCOME 611110 593061 593061 11861554 101313 101313 24675 0 24675 24675 24675 56017 0 2875 56017 -2875 53142 53142 14288 11267 3021 3021 MISCELLANEOUS 900099 18023 18023 18023 12137712 11879577 0 182151 69888 69888 354627 241721 112906 6042881 5331126 711755 28705 22632 6073 759821 616644 143177 557409 471321 86088 9994 9994 87965 87965 18589 18589 40174 40174 45922 45922 52973 16568 36405 63058 61090 1968 1003090 976359 26731 7646 874 6772 131393 124823 6570 403156 382998 20158 189074 179620 9454 SCHOOL OPERATIONS 410234 407246 2988 FOOD SERVICES 370782 370782 AFTER SCHOOL ACTIVITIES 96203 96203 PROPERTY TAXES 72109 68504 3605 51568 19836 30299 1433 10867261 9458235 1407593 1433 1654869 1366270 108316 329481 321634 316436 11145829 4886481 5293295 6259348 2707164 4090185 576460 33010 10661738 12394730 670778 725994 1213084 1241498 2022153 2719065 4879722 6625080 6847214 X 4036658 5547516 4036658 5547516 10661738 12394730 1270451 240407 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2419585 1039754 1379831 7811820 3455394 4356426 786923 298990 487933 127501 92343 35158 6259348 INVESTMENTS WITH J127 FOUNDATION 4090185 F 4090185 DEFERRED RENT INCENTIVE 305336 DUE TO RELATED PARTY 4574386 4879722 X 12303784 240407 -69888 170519 12133265 18589 -14142 4447 12137712 10792926 2875 11267 14142 10778784 18589 69888 88477 10867261 PART X, LINE 2: THE EDUCATION FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT THE EDUCATION FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2014 AND 2013. THE EDUCATION FOUNDATIONS FEDERAL INCOME TAX RETURNS SUBSEQUENT TO 2010 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE DATE THE FEDERAL INCOME TAX RETURNS WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS -69,888. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF EQUIPMENT -2,875. FUNDRAISING EXPENSES REPORTED NET OF INCOME -11,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED NET OF INCOME 11,267. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS SHOWN NET OF REVENUE ON FINANCIALS 69,888. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE FOUNDATION'S WEBSITE INCLUDES A STATEMENT ABOUT OUR NONDISCRIMINARTORY POLICY. 1 FINANCIAL AID TO STUDENT FAMILIES 17 69888 PART I, LINE 2: FINANCIAL AID AWARDED TO STUDENT FAMILIES IS MADE BASED UPON NEED AND APPLICATION, AND IS USED ONLY FOR TUITION. FINANCIAL AID MONEY IS CREDITED DIRECTLY TO THE STUDENTS' ACCOUNTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 CHRISTIN SOLY SECRETARY; EXECUTIVE DIRECTOR 83618 83618 0 0 0 0 650 650 4222 4222 88490 88490 0 0 CAROL EDELSTEIN EXECUTIVE DIRECTOR 151249 0 0 0 0 0 1272 0 5719 0 158240 0 0 0 PART I, LINE 1A CHRISTIN SOLY (AN OFFICER OF THE J127 EDUCATION FOUNDATION) LIVES IN A HOUSE ON THE APPLETREE SCHOOL PROPERTY (LEASED BY THE FOUNDATION). LIVING IN THE HOUSE IS A CONDITION OF HER EMPLOYMENT SO THAT SHE CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. CHRISTIN SOLY MS. SOLY IS A FAMILY MEMBER OF THE OFFICERS AND THE EXECUTIVE DIRECTOR 176980 COMPENSATION PAID TO MS. SOLY AS AN EMPLOYEE OF THE FOUNDATION. 0 APPLETREE OF FAIRFAX INC MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION AND OWNERS OF APPLETREE 152400 THE FOUNDATION LEASES PROPERTY FROM APPLETREE OF FAIRFAX INC. 0 PAUL AND TERESA KLAASSEN MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION 87797 THE FOUNDATION HAD A LOAN PAYABLE TO MR. & MRS. KLAASSEN. THIS LOAN WAS PAID OFF DURING FY14. THIS AMOUNT REPRESENTS INTEREST PAID ON THE LOAN. 0 PAUL AND TERESA KLAASSEN MR. & MRS. KLAASSEN ARE OFFICERS OF THE FOUNDATION 197994 THE FOUNDATION LEASES PROPERTY OWNED BY MR. & MRS. KLAASEN. 0 FORM 990, PART VI, SECTION A, LINE 2 PAUL AND TERESA KLAASSEN ARE HUSBAND AND WIFE. CHRISTIN SOLY IS THEIR DAUGHTER. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AND THEREFORE THERE ARE NO MEETINGS TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11 THE ACCOUNTING DIRECTOR REVIEWS THE FORM 990 AND THEN SUBMITS IT TO THE CHAIRMAN OF THE BOARD OR SECRETARY OF THE BOARD FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C A SEPARATE POLICY FOR THE EDUCATION FOUNDATION WAS APPROVED AT THE LAST BOARD MEETING IN MAY 2014. ALL BOARD MEMBERS COMPLETED AN ANNUAL DISCLOSURE STATEMENT AND WILL DO SO EACH YEAR AT THE BOARD MEETING IN THE FUTURE. IN THE EVENT OF A POTENTIAL CONFLICT, THAT PERSON WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15B THE BOARD PERFORMS A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THIS PROCESS INCLUDES A REVIEW OF COMPARABILITY DATA. COMPARABILITY DATA CAN INCLUDE COMPENSATION SURVEYS, AND WRITTEN EMPLOYMENT CONTRACTS. THE BOARD RETAINS DOCUMENTATION OF THE DELIBERATION AND FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE FORM 990 IS AVAILABLE UPON REQUEST. THE J127 FOUNDATION 9657 BLAKE LANE FAIRFAX VA 22031 450523312 SUPPORTING ORGANIZATION TO J127 EDUCATION FOUNDATION VA 501(C)(3) LINE 11A, I THE J127 FOUNDATION 1 THE J127 REALTY FOUNDATION 9657 BLAKE LANE FAIRFAX VA 22031 571193777 501(C)(2) CONFERENCE CENTER VA 501(C)(2) THE J127 FOUNDATION 0 SUNRISE HOUSING FOUNDATION 9657 BLAKE LANE ARLINGTON VA 22031 542006566 DORMANT ORGANIZATION VA 501(C)(3) LINE 9 THE J127 FOUNDATION 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 THE J127 FOUNDATION E 4574386 FMV THE J127 FOUNDATION O 87097 FMV THE J127 REALTY FOUNDATION Q 285421 FMV THE J127 FOUNDATION R 4090185 FMV