2014-04-15T16:19:27-05:00 2013-06-30 721396621 CARR RIGGS & INGRAM LLC 3501 N CAUSEWAY BLVD SUITE 810 METAIRIE LA 70002 990 2012-07-01 453761886 DISCOVERY HEALTH SCIENCES FOUNDATION INC DISC 5042334720 2504 MAINE AVE METAIRIE LA 70003 DIANE HOLLIS 5042334720 2014-04-14 1 JACK B KASE CPA PFS P00040367 5048379116 2012 2015-11-30 17:44:51Z X LOUIS DUBUC 2504 MAINE AVE METAIRIE LA 70003 252300 0 X WWW.DISCOVERYHSF.ORG X 2012 LA THE MISSION OF KENNER DISCOVERY HEALTH SCIENCES ACADEMY IS TO PROVIDE A RIGOROUS LEARNING ENVIRONMENT WHERE STUDENTS ACHIEVE ACADEMICALLY, DEVELOP INTELLECTUAL CURIOSITY AND PRACTICE ENVIRONMENTAL RESPONSIBILITY WHILE EXPLORING HEALTH AND SCIENCE TOPICS AND CAREERS. 9 9 2 10 0 0 251100 1200 0 0 252300 0 0 324820 0 0 73783 398603 -146303 107957 187267 -79310 THE MISSION OF KENNER DISCOVERY HEALTH SCIENCES ACADEMY IS TO PROVIDE A RIGOROUS LEARNING ENVIRONMENT WHERE STUDENTS ACHIEVE ACADEMICALLY, DEVELOP INTELLECTUAL CURIOSITY AND PRACTICE ENVIRONMENTAL RESPONSIBILITY WHILE EXPLORING HEALTH AND SCIENCE TOPICS AND CAREERS. 0 0 2502 1200 OPERATION OF A TYPE 1 CHARTER SCHOOL WHICH BEGAN IN AUGUST 2013 WITH AN ENROLLMENT OF 419 STUDENTS. 2502 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 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 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 X LOUIS DUBUC 5042292137 2504 MAINE AVE KENNER LA 70062 DIANE HOLLIS 10.00 X X 0 0 0 LYNDA NUGENT-SMITH 8.00 X X 0 0 0 WAYNE THOMAS 5.00 X X 0 0 0 JOE CALDARERA 3.00 X 0 0 0 JIM HUDSON 3.00 X 0 0 0 VINICIO MADRIGAL MD 3.00 X 0 0 0 JEANNE M MONTE MED 3.00 X 0 0 0 HENRY SHANE 3.00 X 0 0 0 RONNIE SLONE 3.00 X 0 0 0 PATTY GLASER PHD 40.00 X X 83360 0 0 LOUIS DUBUC 40.00 X 0 0 0 83360 0 0 0 0 0 0 0 150000 101100 251100 TUITION 611110 1200 1200 1200 252300 1200 0 0 83360 83360 241460 1096 240364 38655 240 38415 5001 5001 1319 1319 4878 4878 SUPPLIES 8415 1166 7249 ADVERTISING 5641 5641 FOOD SERVICE 3500 3500 CLEANING SERVICES 1933 1933 4441 4441 398603 2502 396101 0 0 61483 0 46474 0 0 0 107957 0 11267 0 11000 0 165000 0 187267 X -79310 0 -79310 0 107957 -146303 66993 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 BANK LINE OF CREDIT 135000 DEFERRED COMPENSATION 30000 165000 X 252300 0 252300 0 252300 398603 0 398603 0 398603 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: DISCOVERY IS A LOUISIANA NONPROFIT ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE THAT HAS BEEN GRANTED AN EXEMPTION FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 503(C)(3) AND HAS BEEN DETERMINED TO BE OTHER THAN A PRIVATE FOUNDATION. DISCOVERY'S MANAGEMENT BELIEVES THAT DISCOVERY CONTINUES TO OPERATE IN A MANNER THAT PRESERVES ITS TAX EXEMPT STATUS. UPON ITS FORMATION IN 2011, DISCOVERY ADOPTED A STANDARD RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECT FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DISCOVERY RECOGNIZES THE FINANCIAL STATEMENT BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD BE MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT THE ADOPTION DATE, DISCOVERY APPLIED THE NEW ACCOUNTING STANDARD TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN. DISCOVERY WAS NOT REQUIRED TO MAKE ANY ADJUSTMENT TO BEGINNING NET ASSETS AS A RESULT OF THE IMPLEMENTATION OF THE ACCOUNTING STANDARD. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH PRINT ADS IN LOCAL NEWSPAPERS AS WELL AS SCHOOL BROCHURES GIVEN OUT DURING CAMPUS TOURS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION PARTICIPATES IN THE FEDERAL FREE/REDUCED LUNCH PROGRAM. THE ORGANIZATION ALSO RECEIVES FUNDING FROM THE STATE OF LOUISIANA THROUGH THE MINIMUM FOUNDATION PROGRAM. FORM 990, PART VI, SECTION B, LINE 11 ONCE THE FORM 990 IS COMPLETED BY AN INDEPENDENT CPA FIRM, IT IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE SALARY TO OTHER PROFESSIONALS IN SIMILAR STANDING WITH FINAL BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PRIOR PERIOD ADJUSTMENTS: FORM 990, PART XI, LINE 8 THE FOLLOWING WAS THE 6/30/12 ACTIVITY FOR WHICH A TAX RETURN WAS NOT PREPARED WHILE THE SCHOOL WAS IN START-UP MODE: CASH 77,613 PAYABLES 10,620 NET ASSETS 66,993 LOCAL REVENUES 160,000 PURCHASED PROFESSIONAL 88,024 INSURANCE 3,861 TRAVEL 894 SUPPLIES 228 NET INCOME 66,993