2015-06-15T16:19:02-05:00 2014-07-31 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2013-08-01 850196115 SANDIA SCHOOL SAND 5053383000 532 OSUNA NE ALBUQUERQUE NM 87113 MARIA FIDALGO CPA CFO 5053383000 2015-06-15 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2013 2016-04-25 22:37:26Z SANDIA PREPARATORY SCHOOL JOYCE WHELCHEL 532 OSUNA NE ALBUQUERQUE NM 87113 15818022 0 X WWW.SANDIAPREP.ORG X 1965 NM ACADEMICS ARE OUR TOP PRIORITY, BALANCE IS OUR CORE VALUE, AND COMMUNITY MAKES US WHO WE ARE. OUR CHALLENGING, INNOVATIVE PROGRAM PREPARES EACH STUDENT FOR SUCCESS IN COLLEGE - AND BEYOND - AND INSPIRES EACH STUDENT TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD. 22 22 296 250 0 0 564990 2185904 12149146 12623403 212724 369229 52435 71816 12979295 15250352 2638430 2992173 0 0 7367590 7491928 0 0 629424 3947341 4156903 13953361 14641004 -974066 609348 29973142 29584858 16496404 15212222 13476738 14372636 X THE JOY OF LIVING AND LEARNING IS AT THE CENTER OF ALL WE DO. SANDIA PREPARATORY SCHOOL PROVIDES REMARKABLE OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH WITHIN A CHALLENGING AND BALANCED PROGRAM. AS AN EXTENSION OF OUR FAMILIES, SANDIA PREP'S DIVERSE COMMUNITY INSPIRES STUDENTS TO FIND THEIR ACADEMIC FOCUS, TALENTS, AND CREATIVITY. 0 0 9060792 12199620 INSTRUCTION - SANDIA SCHOOL SERVES APPROXIMATELY 612 STUDENTS IN GRADES 6-12 BY PROVIDING WELL BALANCED INSTRUCTION AND OTHER STUDENT ACTIVITIES THAT SUPPORTS THE QUEST FOR HUMAN EXCELLENCE AND INDIVIDUAL GROWTH. SANDIA PREP IS A COEDUCATIONAL INDEPENDENT DAY SCHOOL THAT HAS EDUCATED STUDENTS ON ITS ALBUQUERQUE, NEW MEXICO CAMPUS SINCE 1966. 2992173 2992173 FINANCIAL ASSISTANCE - SANDIA SCHOOL PROVIDED TUITION REMISSION AND FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND. THESE EXPENSES ARE USED TO HELP PAY THE TUITION FOR THOSE FINANCIALLY CHALLENGED STUDENTS, WHICH COMPRISE 40% OF THE STUDENT BODY. 343945 448788 SUMMER PROGRAMS - SANDIA SCHOOL OFFERS A SUMMER PROGRAM TO COMPLEMENT THE REGULAR SCHOOL YEAR PROGRAM FOR OUR CURRENT STUDENTS, AS WELL AS PROVIDE A SAFE AND EDUCATIONALLY CHALLENGING ENVIRONMENT FOR YOUNGER STUDENTS WHEN REGULAR SCHOOLS ARE NOT IN SESSION. OUR SUMMER PROGRAM RECENTLY SERVED APPROXIMATELY 400 STUDENTS FROM AGES 5-18. 12396910 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 1 1 296 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MD NH WA WI X X MARIA FILDALGO 5053383000 532 OSUNA RD NE ALBUQUERQUE NM 87113 PATRICK ALLEN TRUSTEE 5.00 X 0 0 0 BILLY BLACKBURN TRUSTEE 5.00 X 0 0 0 MIMI BURNS TRUSTEE 5.00 X 0 0 0 LOVIE BEY TRUSTEE 5.00 X 0 0 0 CAROL COCHRAN CHAIR 5.00 X X 0 0 0 LYDIA JONES PIZZONIA TRUSTEE 5.00 X 0 0 0 RUTH SILVA-HERNANDEZ TRUSTEE 5.00 X 0 0 0 SUSAN PRZEKURAT EPSTEIN TRUSTEE 5.00 X 0 0 0 JIM FIRKINS TREASURER 5.00 X X 0 0 0 PETE HENDERSON TRUSTEE 5.00 X 0 0 0 GREG HICKS TRUSTEE 5.00 X 0 0 0 ELIZABETH KIRSCHNER TRUSTEE 5.00 X 0 0 0 JERRY LOVATO TRUSTEE 5.00 X 0 0 0 APRIL MARKER TRUSTEE 5.00 X 0 0 0 BETH MASON SECRETARY 5.00 X X 0 0 0 JESSICA MONTOYA TRUSTEE 5.00 X 0 0 0 ANNE SAPON TRUSTEE 5.00 X 0 0 0 GRETCHEN SEELINGER TRUSTEE 5.00 X 0 0 0 LEN TRAINOR TRUSTEE 5.00 X 0 0 0 LIZ TRAINOR TRUSTEE 5.00 X 0 0 0 M TODD WHITE TRUSTEE 5.00 X 0 0 0 LORNA WIGGINS VICE CHAIR 5.00 X X 0 0 0 STEVE ALBERT HEAD OF SCHOOL 40.00 X 205155 0 12659 TERESA ARMSTRONG CHIEF FINANCIAL OFFICER 40.00 X 53773 0 8127 JULIE COOK DIRECTOR OF DEVELOPMENT 40.00 X 111688 0 8672 370616 0 29458 2 0 1 0 0 2185904 125311 2185904 STUDENT TUITION & FEES 611710 12174615 12174615 TICKET SALES 611710 448788 448788 12623403 123306 123306 28883 7137 21746 21746 21746 746419 500496 245923 245923 245923 20500 38850 -18350 -18350 64602 21187 43415 43415 OTHER INCOME 611710 25005 25005 25005 15250352 12648408 0 416040 X 2992173 2992173 279714 217338 51747 10629 6063325 4711203 1121715 230407 140315 109025 25958 5332 494372 384127 91459 18786 514202 399535 95127 19540 33658 33658 137140 110261 22765 4114 161031 123672 33333 4026 33534 26961 5567 1006 281992 226721 46811 8460 296423 286048 8893 1482 405080 390903 12152 2025 904728 873062 27142 4524 124208 119861 3726 621 SUMMER PROGRAMS 343945 343945 STUDENT ACTIVITIES 328123 328123 FUNDRAISING 319036 319036 EQUIPMENT RENTAL AND MA 313443 302473 9403 1567 474562 451479 25214 -2131 14641004 12396910 1614670 629424 2475 2479 4617669 3618899 103316 322498 147341 243657 147144 147660 119844 115487 30315555 11330559 19690990 18984996 4926942 5944291 217421 204891 29973142 29584858 518495 222704 5444392 4791765 9036955 8676733 1496562 1521020 16496404 15212222 X 9790625 8815351 732347 1499344 2953766 4057941 13476738 14372636 29973142 29584858 X 609348 261139 25411 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 5 635.00 0 0 0 1 1 10.00 0 5133741 1108325 595314 0 305397 6531983 4604589 7780 768106 26894 219840 5133741 4763168 12648 61858 25141 207944 4604589 4326918 20530 639526 23987 199819 4763168 4003364 31824 516059 24342 199987 4326918 0.24510 0.62120 0.13370 0 0 2703609 2703609 23136730 8048113 15088617 2544583 1940184 604399 1930633 1342262 588371 18984996 TAX CREDIT ESCROW FUNDS 150000 CAPITAL LEASE LIABILITY 48629 INTEREST RATE SWAP CONTRACT 1321151 STUDENT DEPOSITS 1240 1521020 14859551 261139 25411 286550 14573001 33658 643693 677351 15250352 13963653 45987 45987 13917666 33658 689680 723338 14641004 PART II, LINE 5: THE SCHOOL COMPLETED A POLICY AFTER 7/31/11 FOR MONITORING, INSPECTION, AND ENFORCEMENT OF THE CONSERVATION EASEMENTS IT HOLDS. PART II, LINE 9: THERE IS NO REVENUE ASSOCIATED WITH THE EASEMENT. THE EXPENSES ARE RECOGNIZED AS THEY ARE INCURRED. THE ESTIMATED VALUE OF THE LAND SUBJECT TO A CONSERVATION EASEMENT IS CARRIED AS AN ASSET (NON-DEPRECIABLE LAND) ON THE BALANCE SHEET OF THE SCHOOL. THE ORGANIZATION RECEIVED THE EASEMENT PROPERTY IN TWO INSTALLMENTS IN DECEMBER 2007 AND JUNE 2008. PART V, LINE 4: THE SCHOOL'S ENDOWMENT PRIMARILY COMES FROM DONOR GIFTS, SO IT IS THE SCHOOL'S POLICY TO USE THE FUNDS IN ACCORDANCE WITH THE DONOR INTENT. FUNDS ARE INVESTED TO YIELD BOTH CASH INCOME AND APPRECIATE IN VALUE. ANNUAL DISTRIBUTIONS, NOT TO EXCEED 5% OF THE THREE YEAR AVERAGE BALANCE, SUPPORT THE VARIOUS PROGRAMS OF THE SCHOOL AS SPECIFIED BY THE DONOR, OR GENERAL SCHOOL OPERATIONS, IF THE GIFT WAS UNRESTRICTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 25,411. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE INCLUDED WITH TUITION REVENUE ON FINANCIAL STATEMENTS 658,150. BAD DEBT EXPENSES REDUCING REVENUE ON FINANCIAL STATEMENTS 31,530. RENTAL EXPENSES DEDUCTED FROM RENTAL INCOME ON 990 -7,137. SPECIAL EVENT EXPENSES DEDUCTED FROM SPECIAL EVENT INCOME ON 990 -38,850. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES DEDUCTED FROM RENTAL INCOME ON 990 7,137. SPECIAL EVENT EXPENSES DEDUCTED FROM SPECIAL EVENT INCOME ON 990 38,850. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE INCLUDED WITH TUITION REVENUE ON FINANCIAL STATEMENTS 658,150. BAD DEBT EXPENSES REDUCING REVENUE ON FINANCIAL STATEMENTS 31,530. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SANDIA PREPARATORY SCHOOL COMMUNICATES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE, IN THE ADMISSION BROCHURE, IN THE STUDENT HANDBOOK, THROUGH PAID ADVERTISING IN LOCAL NEWSPAPERS AND ALL NEWS RELEASES AND MEDIA ALERTS. ANNUAL GOLF TOURNAMENT 20500 20500 1000 1350 35925 175 400 20500 20500 1000 1350 35925 175 400 38850 -18350 64602 21187 1 0.40000 64602 21187 21187 43415 NM 1 0 1 0 1.00000 0.00000 MARIA FIDALGO CPA 532 OSUNA NE ALBUQUERQUE NM 87113 0 JULIE COOK DIRECTOR OF DEVELOPMENT 0 ORGANIZED AND MANAGED THE FUND RAISING RAFFLE OF A VEHICLE. SHE WAS NOT PAID ADDITIONAL COMPENSATION FOR THESE SERVICES. X 0 1 TUITION REMISSION 30 609600 FMV REDUCTION OF TUITION DUE FINANCIAL AID 233 2382573 FMV REDUCTION OF TUITION PART I, LINE 2: APPLICANTS FOR FINANCIAL AID MUST SUBMIT CERTAIN FINANCIAL INFORMATION TO AN OUTSIDE SERVICE (SCHOOL & STUDENT SERVICE IN PRINCETON, NJ) WHICH ESTABLISHES A LEVEL OF NEED FOR AID, BASED ON THE FAMILY'S TOTAL FINANCIAL SITUATION. WITH THIS BASIC INFORMATION, THE SANDIA PREPARATORY SCHOOL FINANCIAL AID COMMITTEE, HEREIN "COMMITTEE", CONSIDERS EACH CASE ON ITS MERITS, TAKING INTO ACCOUNT ALL ADDITIONAL AVAILABLE INFORMATION. THE MAIN FACTORS CONSIDERED RELATIVE TO EACH STUDENT ARE FINANCIAL NEED, GRADE LEVEL AND SPACE AVAILABLE IN THAT GRADE, SCHOLASTIC ACHIEVEMENT OF THE STUDENT, THE STUDENT'S CONTRIBUTION TO THE LIFE OF THE SCHOOL, AND THE LENGTH OF TIME THE STUDENT HAS BEEN AT THE SCHOOL. THE COMMITTEE SETS PRELIMINARY GUIDELINES FOR THE AMOUNTS TO BE AWARDED IN EACH GRADE. THESE LIMITS MAY BE ADJUSTED AS THE COMMITTEE PROCEEDS WITH THE DETERMINATION OF FINANCIAL AID GRANTS. X X 1 1 X X 0 0 0 0 0 0 0 0 0 STEVE ALBERT HEAD OF SCHOOL 205155 0 0 0 0 0 7920 0 4739 0 217814 0 0 0 PART I, LINE 1A HEAD OF SCHOOL RECIEVES A GROSS UP FOR INCLUSION OF TUITION REMISSION AND RELATED TAXES. THE HEAD OF SCHOOL ALSO RECEIVES A VEHICLE ALLOWANCE AS PART OF HIS BASE COMPENSATION. THIS TOTALED $5,068 FOR THE FISCAL YEAR. THE HEAD OF SCHOOL ALSO RECEIVES A MEMBERSHIP AT THE ALBUQUERQUE COUNTRY CLUB. A VILLAGE OF LOS RANCHOS DE ALBUQUERQUE 850236091 2007-08-17 10000000 CONSTRUCTION OF GYM, CLASSROOMS, PERFORMING ARTS, INSTRUCTIONAL SPACES 0 0 0 A 1323267 10000000 10000000 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 COMPASS BANK 20.000000000000 0 0 0 0 0 A 1 PART IV, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED ON MARCH 31, 2014. X 1 21187 DEALER MSRP FOR RAFFLE X 3 8585 FMV AT TIME OF DONATION X FR AUCTION IT 56 90947 FMV X GOLF ITEMS 1 4592 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 PETE HENDERSON, TRUSTEE AND LEN TRAINER, TRUSTEE HAVE A BUSINESS RELATIONSHIP OUTSIDE OF THE ORGANIZATION. LEN TRAINER IS A CLIENT OF PETE HENDERSON'S. MIMI BURNS ALSO HAS BUSINESS RELATIONSHIPS WITH OTHER MEMBERS OF THE BOARD. LEN TRAINOR AND LIZ TRAINOR ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 THE CFO WILL PERFORM THE REVIEW AND THEN PRESENT THE FORM 990 TO THE GOVERNING BODY. THE PRESENTATION IN THE CURRENT YEAR WILL TAKE PLACE AFTER THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR WHICH EXPLAINS THE OCCASIONS THAT MIGHT GIVE RISE TO CONFLICTS AND THE ANSWERS ARE REVIEWED BY THE CFO. ANY TRUSTEE WITH A POTENTIAL CONFLICT OF INTEREST IS INSTRUCTED NOT TO VOTE ON ANY BOARD PROPOSALS THAT PERTAIN TO THE AREA OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY AN INDEPENDENT BOARD OF TRUSTEES. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL. THE SCHOOL USES INFORMATION DERIVED FROM ITS PROFESSIONAL MEMBERSHIP ORGANIZATIONS FOR USE IN SETTING PARAMETERS FOR THE HEAD OF SCHOOL'S SALARY. OTHER SALARIES ARE ESTABLISHED WITHIN BUDGETARY CONSTRAINTS AND CLOSELY FOLLOW THE LOCAL MARKET RATES FOR SIMILAR POSITIONS. THE DETERMINATION AND APPROVAL OF COMPENSATION FOR THE HEAD OF SCHOOL IS PROPERLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BASED UPON SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS. FORM 990, PART IX, LINE 24E INSTRUCTIONAL EXPENSE: PROGRAM SERVICE EXPENSES 311,347. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 311,347. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 84,063. MANAGEMENT AND GENERAL EXPENSES 20,016. FUNDRAISING EXPENSES 4,111. TOTAL EXPENSES 108,190. BAD DEBTS: PROGRAM SERVICE EXPENSES 6,917. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 31,530. TOTAL EXPENSES 38,447. CAPITAL EXPENDITURES: PROGRAM SERVICE EXPENSES 25,874. MANAGEMENT AND GENERAL EXPENSES 804. FUNDRAISING EXPENSES 134. TOTAL EXPENSES 26,812. POSTAGE & SHIPPING: PROGRAM SERVICE EXPENSES 17,268. MANAGEMENT AND GENERAL EXPENSES 3,566. FUNDRAISING EXPENSES 644. TOTAL EXPENSES 21,478. BANK CHARGES: PROGRAM SERVICE EXPENSES 13,147. MANAGEMENT AND GENERAL EXPENSES 828. FUNDRAISING EXPENSES 300. TOTAL EXPENSES 14,275. FACILITY RENTAL EXPENSES TO PAGE 9: PROGRAM SERVICE EXPENSES -7,137. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -7,137. FUNDRAISING EVENT EXPENSES TO PAGE 9: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES -38,850. TOTAL EXPENSES -38,850. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP AGREEMENT 25,411. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.