BETA

AD FONTES DUCATIONAL TRUST: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
AD FONTES DUCATIONAL TRUST (EIN 54-1780628)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-22
IRS object ID
201531429349300318
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-05-22T14:25:31-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN800005634PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NORFLEET MUSSELMAN & COMPANYBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12550 PROFESSIONAL ROAD SUITE 100AddressLine1
CityRICHMONDCity
StateVAState
ZIP Code23235ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541780628EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AD FONTES EDUCATIONAL TRUSTBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlADFOBusinessNameControlTxt
Phone7036731145PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 916AddressLine1
CityCENTREVILLECity
StateVAState
ZIP Code20122ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEAN K LUCKENBAUGHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5712715660PhoneNum
Signature2015-05-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSUSAN NORFLEETPreparerPersonNm
PTINP00634553PTIN
Phone8043274454PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1AD FONTES ACADEMYBusinessNameLine1
FieldValueIRS element (for citing)
Principal OfficerDEAN K LUCKENBAUGHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 916AddressLine1
CityCENTREVILLECity
StateVAState
ZIP Code20122ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$1,746,915GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ADFONTES.COMWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1995FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionSUPPORT FOR CHRISTIAN BASED EDUCATION PROGRAMS. PROVIDE A SCHOOL FOR CHRISTIAN BASED EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee52TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$231,751PYContributionsGrantsAmt
CY Contributions Grants$293,371CYContributionsGrantsAmt
PY Program Service Revenue$1,616,388PYProgramServiceRevenueAmt
CY Program Service Revenue$1,348,493CYProgramServiceRevenueAmt
PY Investment Income$17PYInvestmentIncomeAmt
CY Investment Income$2,333CYInvestmentIncomeAmt
PY Other Revenue-$140PYOtherRevenueAmt
CY Other Revenue$1,299CYOtherRevenueAmt
PY Total Revenue$1,848,016PYTotalRevenueAmt
CY Total Revenue$1,645,496CYTotalRevenueAmt
PY Grants And Similar Paid$251,422PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$294,932CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,031,383PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,201,835CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$25,251CYTotalFundraisingExpenseAmt
PY Other Expenses$443,741PYOtherExpensesAmt
CY Other Expenses$444,819CYOtherExpensesAmt
PY Total Expenses$1,726,546PYTotalExpensesAmt
CY Total Expenses$1,941,586CYTotalExpensesAmt
PY Revenues Less Expenses$121,470PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$296,090CYRevenuesLessExpensesAmt
Total Assets BOY$182,257TotalAssetsBOYAmt
Total Assets EOY$694,162TotalAssetsEOYAmt
Total Liabilities BOY$57,355TotalLiabilitiesBOYAmt
Total Liabilities EOY$865,350TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$124,902NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$171,188NetAssetsOrFundBalancesEOYAmt
MissionTHE AD FONTES MISSION IS TO GLORIFY GOD BY ASSISTING CHRISTIAN PARENTS IN EQUIPPING THEIR CHILDREN TO BE LEADERS THROUGH A SUPERIOR CLASSICAL EDUCATION BASED ON ETERNAL BIBLICAL TRUTH.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,775,513ExpenseAmt
Grant$294,932GrantAmt
Revenue$1,350,435RevenueAmt
DescSUPPORT CHRISTIAN BASED EDUCATION PROGRAMS, INCLUDING OPERATION OF A K-12 SCHOOL, WHICH PROVIDED A CHRISTIAN BASED EDUCATION TO 194 STUDENTS FOR THE 2013/2014 SCHOOL YEAR.Desc
Total Program Service Expenses$1,775,513TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee52EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JULIE JEFFREYBusinessNameLine1
FieldValueIRS element (for citing)
Phone5713454755PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115450 LEE HIGHWAYAddressLine1
CityCENTREVILLECity
StateVAState
ZIP Code20120ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ROB BALL
TRUSTEE3.00Yes (X)$0$0$0
CHRIS LUKASIAK
TRUSTEE3.00Yes (X)$0$0$0
KEN HESS
TRUSTEE3.00Yes (X)$0$0$0
KIM BOLLEN
TRUSTEE3.00Yes (X)$0$0$0
DAVE MURRELL
TREASURER3.00$0$0$0Yes (X)
ROB HUGHES
CHAIRMAN5.00$0$0$0Yes (X)
JIM HADLEY
VICE CHAIRMAN3.00$0$0$0Yes (X)
SARAH MOUTON
SECRETARY3.00$0$0$0Yes (X)
DEAN LUCKENBAUGH
PRESIDENT50.00$105,276$0$20,877Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$105,276TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$20,877TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$20,445FundraisingAmt
All Other Contributions$272,926AllOtherContributionsAmt
Total Contributions$293,371TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611110$1,268,076$1,268,076
STUDENT ACTIVITY FEES611710$80,417$80,417
FieldValueIRS element (for citing)
Total Program Service Revenue$1,348,493TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$391TotalRevenueColumnAmt
Exclusion$391ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$103,361SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$101,419SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,942SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,942TotalRevenueColumnAmt
Related Or Exempt Func Income$1,942RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$1,299FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$20,445ContriRptFundraisingEventAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,299TotalRevenueColumnAmt
Exclusion$1,299ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,645,496TotalRevenueColumnAmt
Related Or Exempt Func Income$1,350,435RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,690ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$294,932TotalAmt
Program Services$294,932ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$114,239TotalAmt
Program Services$17,136ProgramServicesAmt
Management And General$74,255ManagementAndGeneralAmt
Fundraising$22,848FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$975,923TotalAmt
Program Services$925,095ProgramServicesAmt
Management And General$50,828ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$29,745TotalAmt
Program Services$25,726ProgramServicesAmt
Management And General$4,019ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$81,928TotalAmt
Program Services$71,515ProgramServicesAmt
Management And General$8,715ManagementAndGeneralAmt
Fundraising$1,698FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,005TotalAmt
Management And General$3,005ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$9,341TotalAmt
Program Services$9,341ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$45,783TotalAmt
Program Services$45,783ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$705TotalAmt
Fundraising$705FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$173,201TotalAmt
Program Services$173,201ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$14,953TotalAmt
Program Services$14,953ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,276TotalAmt
Program Services$1,276ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,374TotalAmt
Program Services$10,374ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
SCHOOL EVENTS,EXTRACURR$116,481$116,481
CLASSROOM & CURRICULUM$57,741$57,741
OTHER EXPENSES$8,255$8,255
ASSOCIATION DUES & ACCR$2,727$2,727

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$977TotalAmt
Program Services$977ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,941,586TotalAmt
Program Services$1,775,513ProgramServicesAmt
Management And General$140,822ManagementAndGeneralAmt
Fundraising$25,251FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$119,303BOYAmt
EOY$513,334EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$62,954BOYAmt
EOY$28,355EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$174,173LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$21,700LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$152,473EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$182,257BOYAmt
EOY$694,162EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,076BOYAmt
EOY$13,299EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$46,279BOYAmt
EOY$67,704EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
EOY$386,823EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$397,524EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$57,355BOYAmt
EOY$865,350EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$117,612BOYAmt
EOY-$171,188EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,290BOYAmt
EOY$0EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$124,902BOYAmt
EOY-$171,188EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$182,257BOYAmt
EOY$694,162EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$296,090ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$174,173OtherCostOrOtherBasisAmt
Depreciation$21,700DepreciationAmt
Book Value$152,473BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$152,473TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
BOND INTEREST PAYABLE$872
DEFERRED TUITION$396,652
FieldValueIRS element (for citing)
Total Liability$397,524TotalLiabilityAmt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationNOTIFICATION HAS BEEN MADE ON THE WEBSITE AND HANDBOOKS.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Name Of Event1READ-A-THONNameOfEvent1Amt
Gross Receipts Event1$20,445GrossReceiptsEvent1Amt
Charitable Contri Event1$20,445CharitableContriEvent1Amt
Other Events Total4OtherEventsTotalCnt
Gross Receipts Other Events$1,299GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$1,299GrossRevenueOtherEventsAmt
Gross Receipts Total$21,744GrossReceiptsTotalAmt
Charitable Contributions Tot$20,445CharitableContributionsTotAmt
Gross Revenue Total Events$1,299GrossRevenueTotalEventsAmt
Net Income Summary$1,299NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeTUITION REDUCTION/FINANCIAL AIDGrantTypeTxt
Recipient106RecipientCnt
Non Cash Assistance$293,950NonCashAssistanceAmt
Valuation Method UsedREDUCTION FROM PUBLISHED TUITION CHARGES.ValuationMethodUsedDesc
Non Cash AssistanceREDUCED TUITION IS CHARGED TO FAMILIES WHO QUALIFY, BASED ON AN EVALUATION CONDUCTED BY FACTS, AN INDEPENDENT ORGANIZATION THAT PROVIDES AN OBJECTIVE FINANCIAL NEEDS ASSESSMENT. FINANCIAL AID/ TUITION REDUCTION IS PROVIDED TO QUALIFIED STUDENTS/FAMILIIES WHO DO NOT HAVE THE FINANCIAL RESOURCES TO PAY FULL TUITION.NonCashAssistanceDesc

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)

Loan To OrganizationLoanToOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementIndLoan PurposeLoanPurposeTxt
BILL HOLLY CAREY
Yes (X)$20,000$11,2790Yes (1)Yes (1)
MIKE KIM BOLLEN
Yes (X)$35,000$11,4250Yes (1)Yes (1)CASH FLOW MANAGEMENT
ROBERT ALICE BALL
Yes (X)$25,000$25,0000Yes (1)Yes (1)
HESS FAMILY TRUST
Yes (X)$20,000$20,0000Yes (1)Yes (1)
FieldValueIRS element (for citing)
Total Balance Due$67,704TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonINTERESTED PERSONSPersonNm
Relationship With OrgINTERESTED PERSONRelationshipWithOrgTxt
Cash Grant$6,110CashGrantAmt
Type Of AssistanceTUITION DISCOUNTS PER SCHOOLWIDE MULTI-STUDENT & FULL PAY POLICIESTypeOfAssistanceTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11990 REVIEW (BY BOARD BEFORE FILING) - DESCRIPTION OF STEPS TAKEN I. ONCE THE 990 IS PREPARED, IT IS SENT ELECTRONICALLY TO ALL TRUSTEES. II. ALL TRUSTEES ARE RESPONSIBLE TO REVIEW THE FORM 990, TAKING THIS OPPORTUNITY TO PROVIDE THE ORGANIZATION WITH ESSENTIAL, HANDS-ON LEADERSHIP. III.THE TRUSTEES SEND WRITTEN COMMENTS REGARDING FORM 990 OR A SIMPLE STATEMENT OF APPROVAL TO THE BOARD TREASURER. IV. THE TREASURER MAKES COPIES OF ALL COMMUNICATION FROM THE TRUSTEES TO SEND TO THE BUSINESS MANAGER. THESE COPIES ARE RETAINED WITH THE ORGANIZATION'S COPY OF THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY - DESCRIPTION OF COMPLIANCE MONITORING I. ANY AFET TRUSTEE OR OFFICER OR EMPLOYEE WHO WANTS TO SPEND OR OTHERWISE OBLIGATE AFET'S RESOURCES AND WHO STANDS TO BENEFIT FROM THE RESULTING TRANSACTION, HAS A DUTY TO FIRST DISCLOSE THAT CONFLICT OF INTEREST TO THE AFET BOARD OF TRUSTEES. THE DISCLOSURE SHOULD BE MADE VIA THE CHAIRMAN OF THE BOARD OF TRUSTEES, OR IN HIS OR HER ABSENCE, VIA THE VICE CHAIRMAN OF THE BOARD. II. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE BOARD OF TRUSTEES SHALL DISCUSS THE MATTER AND DETERMINE BY VOTE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT IN KEEPING WITH GOD-HONORING, ETHICAL OVERSIGHT, AND WITH THE GOAL OF PROTECTING AFET'S BEST INTERESTS. BOTH VOTES SHALL BE BY A MAJORITY VOTE, WITHOUT THE PRESENCE OR THE VOTE OF ANY INTERESTED TRUSTEE. III. NO MEMBER OF THE BOARD OF TRUSTEES OR OFFICER SHALL PARTICIPATE IN ANY DISCUSSION AT A BOARD MEETING OR VOTE ON ANY MATTER IN WHICH HE OR SHE OR A MEMBER OF HIS IMMEDIATE FAMILY HAS POTENTIAL CONFLICT OF INTEREST DUE TO HAVING MATERIAL ECONOMIC INVOLVEMENT REGARDING THE MATTER BEING DISCUSSED. WHEN SUCH A SITUATION PRESENTS ITSELF, THE TRUSTEE MUST ANNOUNCE HIS OR HER POTENTIAL CONFLICT OF INTEREST TO THE BOARD, DISQUALIFY HIMSELF OR HERSELF, AND BE EXCUSED FROM THE BOARD MEETING UNTIL DISCUSSION IS COMPLETED AND A DECISION REGARDING THE MATTER IS MADE BY NON-BIASED, DISINTERESTED TRUSTEES. THE ONLY EXCEPTION IS THAT HE OR SHE MAY BE CALLED UPON BY THE PRESIDING OFFICER OF THE BOARD MEETING TO PROVIDE CLARIFYING INFORMATION, UNLESS A DISINTERESTED TRUSTEE OBJECTS, IN WHICH CASE A DECISION WILL BE MADE BY MAJORITY VOTE OF THE BOARD TO EXCLUDE OR PERMIT THE CLARIFYING INFORMATION. IV. UPON COMMENCEMENT OF THEIR SERVICE, A COPY OF THIS POLICY SHALL BE GIVEN TO ALL TRUSTEES AND OFFICERS AND EMPLOYEES WHO ARE IN A POSITION TO MAKE DECISIONS ABOUT SPENDING OR OTHERWISE MANAGING AFET'S RESOURCES. AT THAT TIME, THEY SHALL SIGN AND DATE THAT THEY HAVE READ AND UNDERSTOOD THE POLICY AND DISCLOSE IN WRITING ANY EXCEPTIONS TO THE POLICY THAT THEY ARE AWARE OF.
FORM 990, PART VI, SECTION C, LINE 19AD FONTES EDUCATIONAL TRUST MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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