2014-05-22T13:49:33-05:00 2013-07-31 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2012-08-01 850196115 SANDIA SCHOOL SAND 5053383000 532 OSUNA NE ALBUQUERQUE NM 87113 TERESA ARMSTRONG 5053383000 2014-05-13 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2012 2015-11-30 17:44:51Z SANDIA PREPARATORY SCHOOL STEVEN ALBERT 532 OSUNA NE ALBUQUERQUE NM 87113 13364354 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. 23 23 274 300 0 0 480756 564990 12052054 12149146 -115443 212724 155389 52435 12572756 12979295 2216933 2638430 0 0 7280287 7367590 0 0 463641 3849942 3947341 13347162 13953361 -774406 -974066 34005010 29973142 20953609 16496404 13051401 13476738 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 8989847 11681388 SANDIA SCHOOL SERVES APPROXIMATELY 620 STUDENTS IN GRADES 6-12 BY PROVIDING WELL BALANCED INSTRUCTION AND OTHER STUDENT ACTIVITIES THAT SUPPORT 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. 2638430 2638430 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 35% OF THE STUDENT BODY. 303184 467758 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 700 STUDENTS FROM AGES 5-18. 11931461 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 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 274 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA MD MI NH WA WI X X TERESA ARMSTRONG 5053383000 532 OSUNA RD NE ALBUQUERQUE NM 87113 PATRICK ALLEN 5.00 X 0 0 0 BILLY BLACKBURN 5.00 X 0 0 0 MIMI BURNS 5.00 X 0 0 0 TRACI CADIGAN 5.00 X 0 0 0 CAROL COCHRAN 5.00 X X 0 0 0 JOHN DONHAM 5.00 X 0 0 0 BOB EATON 5.00 X 0 0 0 SUSAN PRZEKURAT EPSTEIN 5.00 X 0 0 0 JIM FIRKINS 5.00 X 0 0 0 PETE HENDERSON 5.00 X 0 0 0 GREG HICKS 5.00 X 0 0 0 ELIZABETH KIRSCHNER 5.00 X 0 0 0 JERRY LOVATO 5.00 X 0 0 0 APRIL MARKER 5.00 X 0 0 0 BETH MASON 5.00 X 0 0 0 JESSICA MONTOYA 5.00 X 0 0 0 DAVID NEVILL 5.00 X X 0 0 0 PAUL ROTH 5.00 X 0 0 0 ANNE SAPON 5.00 X 0 0 0 GRETCHEN SEELINGER 5.00 X 0 0 0 LEN TRAINOR 5.00 X X 0 0 0 M TODD WHITE 5.00 X 0 0 0 LORNA WIGGINS 5.00 X X 0 0 0 STEVE ALBERT 40.00 X 223024 0 12659 JENNY CRYSLER 40.00 X 92735 0 8127 JULIE COOK 40.00 X 108000 0 8672 423759 0 29458 2 0 1 0 0 1760 563230 154460 564990 STUDENT TUITION & FEES 611710 11655032 11655032 SUMMER PROGAM 611710 467758 467758 OTHER PROGRAM SERVICE REVENU 611710 26356 26356 12149146 120040 120040 29450 3324 26126 26126 26126 456548 325 359275 4914 97273 -4589 92684 92684 43855 1760 17546 26309 26309 12979295 12149146 0 265159 X 2638430 2638430 331234 265396 52762 13076 6064471 4704365 1130127 229979 56995 44208 10626 2161 441389 342739 81891 16759 473501 367910 87598 17993 26161 26161 124054 99740 20593 3721 103541 79519 21433 2589 44126 35477 7325 1324 165056 132705 27399 4952 325529 314135 9766 1628 421077 406340 12632 2105 926501 894073 27795 4633 144656 139593 4340 723 STUDENT ACTIVITIES 697974 697974 EQUIPMENT, RENTALS & MA 386021 372511 11580 1930 INSTRUCTIONAL EXPENSE 270868 270868 MISCELLANEOUS 157241 125478 26231 5532 154536 154536 13953361 11931461 1558259 463641 2975 2475 4503987 4617669 134150 103316 3795741 147341 231590 147144 157070 119844 30133320 10442330 20449421 19690990 3251901 4926942 1253951 0 224224 217421 34005010 29973142 525815 518495 8730510 5444392 9381403 9036955 2165881 1346562 150000 150000 20953609 16496404 X 9412893 9790625 685872 732347 2952636 2953766 13051401 13476738 34005010 29973142 -974066 1399403 0 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 4604589 7780 768106 26894 219840 5133741 4763168 12648 61858 25141 207944 4604589 4326918 20530 639526 23987 199819 4763168 4003364 31824 516059 24342 199987 4326918 4791700 25300 -564811 238858 9967 4003364 0.33730 0.57540 0.08730 0 0 2703609 2703609 25018985 8648171 16370814 2410726 1794159 616567 19690990 TAX CREDIT SALE ESCROW FUNDS 150000 150000 13822170 580084 1613 840189 1421886 12400284 579011 579011 12979295 13396833 1613 20870 22483 13374350 579011 579011 13953361 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE SCHOOL COMPLETED A POLICY AFTER 7/31/11 FOR MONITORING, INSPECTION, AND ENFORCEMENT OF THE CONSERVATION EASEMENTS IT HOLDS. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 819,319. RENTAL EXPENSES INCLUDED ON STATEMENT OF REVENUE 3,324. SPECIAL EVENT EXPENSES REPORTED ON STATEMENT OF REVENUE 17,546. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE INCLUDED WITH TUITION REVENUE ON FINANCIAL STATEMENTS 552,850. INVESTMENT EXPENSE INCLUDED IN REVENUE ON FINANCIAL STATEMENTS 26,161. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED ON STATEMENT OF REVENUE 3,324. SPECIAL EVENT EXPENSES REPORTED ON STATEMENT OF REVENUE 17,546. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE INCLUDED WITH TUITION REVENUE ON FINANCIAL STATEMENTS 552,850. INVESTMENT EXPENSE INCLUDED IN REVENUE ON FINANCIAL STATEMENTS 26,161. 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 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 TITLE II MONEY IS PAID DIRECTLY TO VENDORS BY ALBUQUERQUE PUBLIC SCHOOLS ON BEHALF OF SANDIA PREPARATORY SCHOOL. THE FUNDS COME FROM THE FEDERAL GOVERNMENT AND ARE LIMITED TO PROVIDING TRAINING FOR FACULTY IN ACADEMIC AREAS. GOLF TOURNAMENT 45615 1760 43855 1000 1350 12493 175 400 2128 45615 1760 43855 1000 1350 12493 175 400 2128 17546 26309 1 FINANCIAL AID 219 2140030 FMV REDUCTION OF TUITION DUE TUITION REMISSION 28 498400 FMV REDUCTION OF TUITION DUE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 1 1 X X X 0 0 0 0 0 0 0 0 0 STEVE ALBERT 223024 0 0 0 0 0 7920 0 4739 0 235683 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. A VILLAGE OF LOS RANCHOS DE ALBUQUERQUE 850236091 2007-08-17 10000000 CONSTRUCTION OF GYM, CLASSROOMS, PERFORMING ARTS, INSTRUCTIONAL SPACES 0 0 0 A 10000000 10000000 2009 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 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. MIMI BURNS TRUSTEE 16180 LONG RANGE PLANNING 0 X 5 131857 FMV AT TIME OF DONATION X GOLF TOURNAMENT ITEMS 1 7800 FMV X VARIOUS EQUIPMENT 2 11170 FMV X SECURITY SYSTEM 1 3633 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): AMOUNTS LISTED IN COLUMN (B) ARE 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. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S FINANCE COMMITTEE, CHIEF FINANCIAL OFFICER, AND HEAD OF SCHOOL BEFORE IT IS SUBMITTED. THE ORGANIZATION'S FINANCE COMMITTEE CONTAINS 6 MEMBERS OF THE BOARD OF TRUSTEES. THE FORM 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. 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 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.