2014-05-15T15:23:43-05:00 2013-06-30 621174696 BRUNDIGE PAYNE AND COMPANY PC 700 COLONIAL ROAD SUITE 220 MEMPHIS TN 381175156 990 2012-07-01 454885204 CAPSTONE EDUCATION GROUP INC CAPS 9012614384 320 CARPENTER STREET MEMPHIS TN 38112 DREW SIPPEL 9012614384 2014-05-15 1 RICHARD L WEBB CPA P00362093 9016834234 2012 2015-11-30 17:44:51Z X DREW SIPPEL 4488 POPLAR AVE MEMPHIS TN 38117 82 0 X X 2012 TN EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 6 6 0 6 0 0 0 0 0 0 0 82 0 0 0 82 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82 0 5031386 0 13517 0 5017869 EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 0 0 COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DREW SIPPEL 9012614384 320 CARPENTER STREET MEMPHIS TN 38112 X PAUL F T EDWARDS 1.00 X X 0 0 0 THOMAS M MARINO 1.00 X X 0 0 0 ELLIOT PERRY 1.00 X 0 0 0 JAY DARREN HARVILL 1.00 X 0 0 0 MONIKA L JOHNSON 1.00 X 0 0 0 CAM ECHOLS 1.00 X 0 0 0 DREW SIPPEL 50.00 X 0 0 0 0 0 0 0 0 0 0 0 82 82 82 0 0 82 0 0 0 0 3041247 1897182 84234 23723 15000 0 8723 0 5031386 13517 0 13517 X 5017869 0 5017869 0 5031386 X 82 5017787 X 0 0 0 X 9490 7909 1581 14233 7091 7142 8723 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBES THE SCHOOL'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS TO IDENTIFY POTENTIAL CONFLICTS WITH VENDORS, EMPLOYEES, CLIENTS, AND OTHER POTENTIAL CONFLICTS ARE COMPLETED BY ALL BOARD MEMBERS. PERIODIC REVIEWS ARE ALSO CONDUCTED AND WHEN CONFLICTS ARISE, A RESOLUTION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES OF CAPSTONE EDUCATION GROUP ARE DETERMINED BASED ON MARKET RATES, EDUCATION LEVEL AND EXPERIENCE AND COMPENSATION LEVELS ARE CONSISTENT WITH COMPARABLE DATA FROM SCHOOL SYSTEMS IN THE AREA WITH BOARD APPROVAL OF ALL EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 CAPSTONE EDUCATION GROUP HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION" AND WILL PROVIDE THE INFORMATION FOR REVIEW BY ANYONE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS FROM CORNERSTONE PREPARATORY SCHOOL, INC. 5,017,787. TRANSFER OF NET ASSETS LINE 9 OTHER CHANGES IN NET ASSETS THE BOARD OF DIRECTORS OF CORNERSTONE PREPATORY SCHOOL, INC., A TENNESSEE NOT-FOR-PROFIT CORPORATION, IN ACCORDANCE WITH THE TERMS OF A UNANIMOUS RESOLUTION, AGREED TO TRANSFER ALL OF ITS ASSETS AND LIABILITIES TO CAPTSONE EDUCATION GROUP, INC. ACCORDINGLY, THE NET ASSETS TRANSFERRED IS REFLECTED ON FORM 990, PAGE 12, PART XI, LINE 9 AS "OTHER CHANGES IN NET ASSETS." FORM 990 QUESTIONS AND ANSWERS FOR SCHOOL OPERATIONS CAPSTONE EDUCATIONAL GROUP, INC. HAS ANSWERED QUESTIONS IN THE ACCOMPANYING TAX RETURN RELATED TO ACTIVITIES, COMPENSATING EMPLOYEES, TIME SPENT BY EMPLOYEES, ETC. BASED UPON THE SCHOOL YEAR THAT WILL BEGIN AFTER JUNE 30, 2013.