ALBUQUERQUE ACADEMY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ALBUQUERQUE ACADEMY (EIN 85-0129165)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-11
- IRS object ID
- 201420429349301622
- Schema version
- 2012v2.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-11T14:41:01-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 135565207 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Park Avenue Suite 2850 | AddressLine1 |
| City | Oklahoma City | City |
| State | OK | State |
| ZIP Code | 73102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850129165 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Albuquerque Academy | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALBU | NameControl |
| Phone | 5058283200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 Wyoming Blvd NE | AddressLine1 |
| City | Albuquerque | City |
| State | NM | State |
| ZIP Code | 871093899 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Gary L Gordon | Name |
| Title | Treasurer | Title |
| Phone | 5058283200 | Phone |
| Date Signed | 2014-02-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00031690 | PTIN |
| Phone | 4055523857 | Phone |
| Date Prepared | 2014-02-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Andrew Watson | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 Wyoming Blvd NE | AddressLine1 |
| City | Albuquerque | City |
| State | NM | State |
| ZIP Code | 871093899 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 54423081 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.aa.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1955 | YearFormation |
| State Legal Domicile | NM | StateLegalDomicile |
| Activity Or Mission Description | The Academy is a non-denominational, coeducational, independent day school. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 985 | TotalNbrEmployees |
| Total Nbr Volunteers | 485 | TotalNbrVolunteers |
| Total Gross UBI | -266 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1901 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2577180 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11504122 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 25158795 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 26318992 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6034094 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5465537 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -31208614 | OtherRevenuePriorYear |
| Other Revenue Current Year | -4900 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2561455 | TotalRevenuePriorYear |
| Total Revenue Current Year | 43283751 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5142582 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5015466 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 23303174 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 23356249 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 82973 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1368485 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10442256 | OtherExpensePriorYear |
| Other Expenses Current Year | 11540186 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 38970985 | TotalExpensesPriorYear |
| Total Expenses Current Year | 39911901 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -36409530 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3371850 | RevenuesLessExpensesCY |
| Total Assets BOY | 132852980 | TotalAssetsBOY |
| Total Assets EOY | 140365392 | TotalAssetsEOY |
| Total Liabilities BOY | 50746236 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 51102582 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 82106744 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 89262810 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | See Schedule O, General Statement 2 | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26155728 | Expense |
| Grants | 4937036 | Grants |
| Revenue | 21812681 | Revenue |
| Description | See Schedule O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1838595 | Expense |
| Grants | 7360 | Grants |
| Revenue | 2003066 | Revenue |
| Description | See Schedule O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1266729 | Expense |
| Grants | 71070 | Grants |
| Revenue | 1312730 | Revenue |
| Description | See Schedule O | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1380637 | Expense |
| Grants | 0 | Grants |
| Revenue | 1190515 | Revenue |
| Description | The Media Literacy Project ("MLP")MLP, founded in 1993, is nationally recognized as a leader in media literacy education. Its mission is to cultivate critical thinking and activism in media culture to build healthy and just communities. MLP delivers dynamic multimedia presentations, at conferences, workshops and classrooms across the country. The media literacy curricula action guides are used in countless classrooms and communities in all fifty states and abroad. MLP's Catalyst Institute and other training programs have empowered thousands of people to advocate for a media literate society. Community BuildersCommunity outreach is an important aspect of the Academy's mission. The school is deeply committed to making a positive impact on the greater Albuquerque community, the state of New Mexico and beyond. Outreach initiatives are abundant and community service is part of the curriculum at all grade levels. Each year students undertake projects at numerous non-profit organizations in the community. Community Builders is a tuition free progarm that gives students from the Academy and other area schools an opportunity to learn the "nuts and bolts" of community philanthropy and non-profit organizations. The program includes a mix of site visits and meetings with community leaders to discuss a variety of topics, including types of non-profits, legal and ethical issues in the non-profit sector, grant writing for non-profits, non-profit governing boards and community leadership. At the end of the program students come together as a mock foundation to make decisions about how to support some of the non-profits they studied, both financially and through volunteer work. The program is permanently endowed so that funds totaling $10,000 can be allocated among studied non-profits.Charger Aquatics ("CAQ")CAQ is a comprehensive, year-round aquatics program that provides swimmers in the greater Albuquerque area with opportunities to learn, participate, and compete in the school's state-of-the-art aquatics facility located in the nationally acclaimed Barney Natatorium and offered as part of the school's ongoing commitment to provide service and outreach to the community at large. CAQ offers membership in USA-sanctioned clubs, including USA Swimming and US Masters Swimming, along with an extensive selection of non-member aquatics classes such as Aqua Fitness and toddler and preschool swim lessons. Total enrollment for all progarms was 286 for the year ending June 30, 2013.Community AcademyCommunity Academy supports the Academy's commitment to community outreach and life-long learning. Community Academy offers a continuing evening lecture series, free of charge to the entire community, presented by Academy faculty, alumni, and by community leaders with expertise in their fields. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1380637 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 1190515 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 30641689 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 102 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 985 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brent Wheelis | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5058283231 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 Wyoming Blvd NE | AddressLine1 |
| City | Albuquerque | City |
| State | NM | State |
| ZIP Code | 871093899 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Walter Stern III | |||||||
| Chair | 5.00 | X | 0 | 0 | 0 | ||
| Sarah Kotchian | |||||||
| Vice Chair | 2.00 | X | 0 | 0 | 0 | ||
| Adam Honegger | |||||||
| Assistant Treasurer | 2.00 | X | 0 | 0 | 0 | ||
| Pam Garrett | |||||||
| Secretary | 2.00 | X | 0 | 0 | 0 | ||
| Hope Mead Wynn | |||||||
| Assistant Secretary | 2.00 | X | 0 | 0 | 0 | ||
| Thomas Baca | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Jennifer Davis Hall | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Heidi Heard | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Andrew Hsi | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Chris Jillson | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Karen Knauf | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Ian McKinnon | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Ronald Moya | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| JoLynn Muraida | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Sandra Ricci | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Valerie Romero-Leggot | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Tracy Small | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Thomas Smidt | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Randall Talbot | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Judy Beckes-Talcott | |||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||
| Andrew Watson | |||||||
| Head of School | 40.00 | 349753 | 0 | 36443 | X | ||
| Gary Gordon | |||||||
| Treasurer | 40.00 | 230276 | 0 | 41691 | X | ||
| Don Smith | |||||||
| Associate Head of School | 40.00 | 146612 | 0 | 23095 | X | ||
| Nancy Parker | |||||||
| Business Manager | 40.00 | 113677 | 0 | 15709 | X | ||
| Jeffrey Morgan | |||||||
| Director of Development | 40.00 | 109778 | 0 | 19537 | X | ||
| Pamela Scanlon | |||||||
| Director of Finance | 40.00 | 109158 | 0 | 22805 | X | ||
| Stephanie Levy-Lipkowitz | |||||||
| Assistant Head of School | 40.00 | 106621 | 0 | 59407 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1165875 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 218687 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| National Roofing Company | |||||
| 3408 Columbia NE | Albuquerque | NM | 87107 | Roofing services | 377784 |
| Energy Control Inc | |||||
| 2600 American Road SE | Rio Rancho | NM | 87124 | Electrical services | 285974 |
| RoofCARE | |||||
| 609 Broadway NE | Albuquerque | NM | 87102 | Roofing services | 255212 |
| Williamson Restoration Inc | |||||
| 2323A Aztec NE | Albuquerque | NM | 87107 | Restoration/cleaning services | 181810 |
| Computer Solutions Group | |||||
| 2740 Wyoming NE 4 | Albuquerque | NM | 87111 | Technology services | 181198 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| Fundraising Events | 43115 | FundraisingEvents |
| Government Grants | 55637 | GovernmentGrants |
| All Other Contributions | 11405370 | AllOtherContributions |
| Noncash Contributions | 3919565 | NoncashContributions |
| Total Contributions | 11504122 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Tuition and fees | 900099 | 21812681 | 21812681 | 0 | $0 |
| Summer school/outreach | 900099 | 2003066 | 2003066 | 0 | $0 |
| Food service | 900099 | 1312730 | 1312730 | 0 | $0 |
| Bookstore | 900099 | 592203 | 592203 | 0 | $0 |
| Charger aquatics | 900099 | 347011 | 347011 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 251301 | TotalRevenueColumn |
| Related Or Exempt Function Income | 251301 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 26318992 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2163649 | TotalRevenueColumn |
| Unrelated Business Revenue | -266 | UnrelatedBusinessRevenue |
| Exclusion | $2,163,915 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14417988 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11116100 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3301888 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3301888 | TotalRevenueColumn |
| Exclusion | $3,301,888 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 18330 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 43115 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 23230 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -4900 | TotalRevenueColumn |
| Exclusion | -$4,900 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43283751 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26318992 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -266 | UnrelatedBusinessRevenue |
| Exclusion | $5,460,903 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5015466 | Total |
| Program Services | 5015466 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 705474 | Total |
| Program Services | 268982 | ProgramServices |
| Management And General | 374419 | ManagementAndGeneral |
| Fundraising | 62073 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75399 | Total |
| Program Services | 75399 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16454580 | Total |
| Program Services | 14460406 | ProgramServices |
| Management And General | 1393277 | ManagementAndGeneral |
| Fundraising | 600897 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1312429 | Total |
| Program Services | 1142086 | ProgramServices |
| Management And General | 119009 | ManagementAndGeneral |
| Fundraising | 51334 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3299866 | Total |
| Program Services | 2820911 | ProgramServices |
| Management And General | 333610 | ManagementAndGeneral |
| Fundraising | 145345 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1508501 | Total |
| Program Services | 1270741 | ProgramServices |
| Management And General | 158860 | ManagementAndGeneral |
| Fundraising | 78900 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 215938 | Total |
| Management And General | 215938 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133141 | Total |
| Management And General | 133141 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 467462 | Total |
| Management And General | 467462 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258723 | Total |
| Program Services | 249717 | ProgramServices |
| Management And General | 5754 | ManagementAndGeneral |
| Fundraising | 3252 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224371 | Total |
| Program Services | 179868 | ProgramServices |
| Management And General | 12094 | ManagementAndGeneral |
| Fundraising | 32409 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 589197 | Total |
| Program Services | 465999 | ProgramServices |
| Management And General | 55205 | ManagementAndGeneral |
| Fundraising | 67993 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 323535 | Total |
| Program Services | 288416 | ProgramServices |
| Management And General | 22287 | ManagementAndGeneral |
| Fundraising | 12832 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1113859 | Total |
| Program Services | 1064849 | ProgramServices |
| Management And General | 46782 | ManagementAndGeneral |
| Fundraising | 2228 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 216446 | Total |
| Program Services | 159533 | ProgramServices |
| Management And General | 19756 | ManagementAndGeneral |
| Fundraising | 37157 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 485169 | Total |
| Program Services | 212479 | ProgramServices |
| Management And General | 50196 | ManagementAndGeneral |
| Fundraising | 222494 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2014991 | Total |
| Management And General | 2014991 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119916 | Total |
| Management And General | 119916 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2263332 | Total |
| Management And General | 2263332 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210061 | Total |
| Program Services | 175343 | ProgramServices |
| Management And General | 23687 | ManagementAndGeneral |
| Fundraising | 11031 | Fundraising |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Summer school/CAQ/books | 1504576 | 1504576 |
| Instructional/student a | 1205785 | 1205785 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 193684 | Total |
| Program Services | 81133 | ProgramServices |
| Management And General | 72011 | ManagementAndGeneral |
| Fundraising | 40540 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39911901 | Total |
| Program Services | 30641689 | ProgramServices |
| Management And General | 7901727 | ManagementAndGeneral |
| Fundraising | 1368485 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2808152 | BOY |
| EOY | 275503 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3373574 | BOY |
| EOY | 546251 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 943994 | BOY |
| EOY | 7174655 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 497380 | BOY |
| EOY | 275140 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2000 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 266626 | BOY |
| EOY | 241804 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 645094 | BOY |
| EOY | 459339 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 81906475 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 47625629 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32888972 | BOY |
| EOY | 34280846 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58303421 | BOY |
| EOY | 64537670 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32207575 | BOY |
| EOY | 31650954 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 916192 | BOY |
| EOY | 923230 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132852980 | BOY |
| EOY | 140365392 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2383408 | BOY |
| EOY | 2108851 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1360995 | BOY |
| EOY | 1501866 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37227532 | BOY |
| EOY | 37184079 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4000000 | BOY |
| EOY | 4000000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5466140 | BOY |
| EOY | 5966140 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308161 | BOY |
| EOY | 341646 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50746236 | BOY |
| EOY | 51102582 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43341943 | BOY |
| EOY | 41328922 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20922491 | BOY |
| EOY | 30028569 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17842310 | BOY |
| EOY | 17905319 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82106744 | BOY |
| EOY | 89262810 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132852980 | BOY |
| EOY | 140365392 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 3371850 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 3784216 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 177494 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 90881192 | BeginningOfYearBalance |
| Contributions | 3167111 | Contributions |
| Investment Earnings Or Losses | 8893220 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 6200000 | OtherExpenditures |
| Administrative Expenses | 2688514 | AdministrativeExpenses |
| End Of Year Balance | 94053009 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 126002365 | BeginningOfYearBalance |
| Contributions | 1087464 | Contributions |
| Investment Earnings Or Losses | -26611969 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 8312731 | OtherExpenditures |
| Administrative Expenses | 1283937 | AdministrativeExpenses |
| End Of Year Balance | 90881192 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 131182768 | BeginningOfYearBalance |
| Contributions | 229222 | Contributions |
| Investment Earnings Or Losses | 6215947 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 10799680 | OtherExpenditures |
| Administrative Expenses | 825892 | AdministrativeExpenses |
| End Of Year Balance | 126002365 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 181487718 | BeginningOfYearBalance |
| Contributions | 1258417 | Contributions |
| Investment Earnings Or Losses | -35400594 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 12137729 | OtherExpenditures |
| Administrative Expenses | 4025044 | AdministrativeExpenses |
| End Of Year Balance | 131182768 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 244608876 | BeginningOfYearBalance |
| Contributions | 516520 | Contributions |
| Investment Earnings Or Losses | -55419476 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 13829914 | OtherExpenditures |
| Administrative Expenses | -5611712 | AdministrativeExpenses |
| End Of Year Balance | 181487718 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.59900 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.21100 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 397024 | OtherCostOrOtherBasis |
| Book Value | 397024 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 63159301 | OtherCostOrOtherBasis |
| Depreciation | 34598473 | Depreciation |
| Book Value | 28560828 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11783097 | OtherCostOrOtherBasis |
| Depreciation | 9914915 | Depreciation |
| Book Value | 1868182 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6567053 | OtherCostOrOtherBasis |
| Depreciation | 3112241 | Depreciation |
| Book Value | 3454812 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 34280846 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Partnership investments | 15140731 | F |
| Sandoval county real estate | 12525000 | F |
| Assets held in trust by others | 3924486 | F |
| Other investments | 31936 | F |
| Dona ana county real estate | 28801 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 31650954 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Annuity and other split interest obligations | Description |
| Amount | $341,646 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 341646 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 46734922 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3784216 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 3784216 | RevenueNotRptdF990 |
| Revenue Subtotal | 42950706 | RevenueSubtotal |
| Investment Expenses Not Included | 356275 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -23230 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 333045 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 43283751 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 39578856 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 39578856 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 356275 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | -23230 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 333045 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 39911901 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 4: | The Academy maintains a small art collection consisting of items donated to the school over approximately the past 25 years. Included in this collection is a series of photogravuers, a flemish tapestry, and several oil paintings (including portraits of Mr. & Mrs. Simms, major donors to the Academy.) The art collection is currently displayed in various venues across campus for the edification of our students as well as for the enjoyment of vistors of our campus. It is anticipated that items within the collection will grow in value over time and may eventually be sold to support various programs and initiatives benefiting the Academy's students. | |
| Part V, Line 4: | The Academy's endowment, consisting of permanent funds and a quasi-endowment fund, provides vital financial support for the overall mission of the Academy. The endowment sustains opportunities of remarkable scope, including experiential and outdoor education, deep academic excellence, global exchanges and languages and sustainability initiatives closely attuned to a changing world. These programs make the student experience here one of the broadest in independent education. The endowment also supports our admission process and generous financial aid program. These programs are committed to providing access to the Academy for students of talent and character from throughout the city, region, and (at times) country as they seek an enriched and meaningful educational experience. The Academy's endowment supports our outreach programs. Our Community Academy lectures, Charger Aquatics progam, Summer Session, and artistic, athletic, and volunteer events on campus all exemplify our community outreach and the Academy's belief in life-long learning. | Description of Intended Use of Endowment Funds: |
| Part X, Line 2: | The Academy's income tax footnote contains a description of the requirements of ASC 740 - Income Taxes. The footnote in the audited special-purpose financial statements for the year ended June 30, 2013 contains the following: The Academy is a not-for-profit organization and qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code ("IRC"). The Academy is exempt from federal income taxes under Section 501(c)(3) of the IRC, except on net income derived from unrelated business activities. For the years ended June 30, 2013 and 2012, the Academy has determined that no income taxes are due for its activities. Accordingly, no provision for income taxes has been recorded in the accompanying special-purpose financial statements. Management annually reviews its tax positions and has determined that there are no material uncertain tax positions that require recognition in the accompanying special-purpose financial statements. The Academy files informational tax returns. In the normal course of business, the Academy is subject to examination by federal, state, local, and foreign jurisdictions, where applicable. As of June 30, 2013 and 2012, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations for the Academy are from the year ended June 30, 2011 and forward. The Academy would recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. There was no such interest or penalties recorded for the years ended June 30, 2013 and 2012. | Description of Uncertain Tax Positions Under FIN 48: |
| Skip Porter Memorial Golf Tournament fundraising expenses | Part XI, Line 4b - Other Adjustments: | |
| Skip Porter Memorial Golf Tournament fundraising expenses | Part XII, Line 4b - Other Adjustments: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | The Academy publishes its non-discrimation statement in the following materials: 1. Admission brochures 2. Admission view book 3. Admission/financial aid forms 4. College profile guide 5. Summer session catalogue 6. New parent guidebook (available on-line) 7. Posted on the Academy's website on the employment page 8. Albuquerque Journal (annually) |
| Explanation of Government Financial Assistance | Schedule E, Part I, Line 6 | The Academy receives funds from the federal government in the form of the National School Lunch Program. The Academy also participates in the state of New Mexico textbook program. Based upon its enrollment, the school receives credits that allow all students to use state textbooks. The Albuquerque Academy Educational Foundation ("Educational Foundation") is an entity whose principal purpose is to support New Mexico member schools of the Independent Schools Association of the Southwest. The Educational Foundation is operated, supervised, and controlled by the Academy. Effective July 1, 2009, the Educational Foundation suspended the awarding of grants until such time as economic conditions make it feasible to resume the awards. No grants were awarded during the fiscal year ended June 30, 2013. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 61445 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 43115 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 18330 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 1400 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 424 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 14440 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 3069 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 3897 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 61445 | GrossReceiptsTotal |
| Charitable Contributions Total | 43115 | CharitableContributionsTotal |
| Gross Revenue Total Events | 18330 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 1400 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 424 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 14440 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 3069 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 3897 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 23230 | DirectExpenseSummaryEvents |
| Net Income Summary | -4900 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Financial aid for Academy students | TypeOfGrant |
| Number Of Recipients | 329 | NumberOfRecipients |
| Amount Of Cash Grant | 5015466 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | No non-cash assistance provided by the Academy. | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Financial aid is awarded based solely upon demonstrated financial need. A family's need is assessed through a comprehensive screening process. The process requires that the family complete an application and provide the Academy with a full set of tax returns including all supporting schedules. To determine the appropriate financial aid award, the Academy utilizes a standard methodology provided by School and Student Services ("SSS") and which is used by Independent Schools nationwide. This methodology calculates a contribution for each individual family based upon the family's specific financial situation and discretionary income. Prior to making an award, each applicant's file and proposed award is carefully reviewed by a committee to ensure the decisions are based on consistent application of need based criteria. Financial aid is awarded annually based on the current school year. Applicants must reapply annually by submitting a new application and current tax documentation. In addition, to a committee review of each award, the Financial Aid Office of the Academy conducts a random audit of files annually as another measure to ensure that financial aid is being awarded appropriately and the proper supporting documentation was submitted as part of the application process. On a monthly basis, the Business Office of the Academy compares the financial aid subsidiary ledger postings to a list of aid awards provided by the Financial Aid Office to ensure there are no discrepancies between the two amounts. Any discrepancies are promptly researched and resolved. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Andrew Watson | ||||||||||||||
| Head of School | 304753 | 0 | 45000 | 0 | 0 | 0 | 25000 | 0 | 11443 | 0 | 386196 | 0 | 0 | 0 |
| Gary Gordon | ||||||||||||||
| Treasurer | 190276 | 0 | 40000 | 0 | 0 | 0 | 11873 | 0 | 29818 | 0 | 271967 | 0 | 0 | 0 |
| Don Smith | ||||||||||||||
| Associate Head of School | 146612 | 0 | 0 | 0 | 0 | 0 | 15084 | 0 | 8011 | 0 | 169707 | 0 | 0 | 0 |
| Stephanie Levy-Lipkowitz | ||||||||||||||
| Assistant Head of School | 106621 | 0 | 0 | 0 | 0 | 0 | 11214 | 0 | 48193 | 0 | 166028 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 3 | ReturnReference |
| Explanation | See Schedule O for discussion of establishing the compensation of the Academy's Head of School and Treasurer. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Village of Los Ranchos de Albuquerque | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 850236091 | IssuerEIN |
| CUSIP Number | 54561OAR8 | CUSIPNumber |
| Date Issued | 2010-09-21 | DateIssued |
| Issue Price | 37303574 | IssuePrice |
| Description Of Purpose | See Schedule K - Part V Supp. Info. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 37303574 | TotalProceeds |
| Amount In Reserve Fund | 377205 | AmountInReserveFund |
| Issuance Costs From Proceeds | 413341 | IssuanceCostsFromProceeds |
| Other Spent Proceeds | 36513028 | OtherSpentProceeds |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 1 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 1 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 1 | ProcToUndertkCorrectiveAction |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990 - Schedule K - Part I - Line A | Identifier |
| Return Reference | Purpose of Bond | ReturnReference |
| Explanation | In September 2010, the Academy issued $36,000,000 of Series 2010 bonds for the purpose of refunding Series 1999 bonds and Series 2002 bonds, terminating a master agreement and swap transaction with Chase Manhattan Bank and acquiring and installing infrastructure improvements on the school campus. The Series 2010 bonds were issued at a premium of $1,303,574, resulting in total proceeds of $37,303,574. The Academy's Series 2010 bonds provided approximately $6,000,000 in proceeds to fund updates of fire alarm and smoke detection systems, replacement of electrical load and motor control centers in original campus buildings, replacement of buried hot water and chilled water loop lines, and replacement of certain rooftop HVAC units and renovation of classroom buildings, and fixtures, including classroom technology upgrades. These projects are expected to result in substantial operating savings over the next several years. As of June 30, 2013, the Academy had $377,205 in proceeds remaining to complete its various capital projects. The bond proceeds held for these projects are escrowed at Wells Fargo. As projects are completed or as progress billings are received, the Academy submits the appropriate supporting documentation to Wells Fargo, who in turn provides a reimbursement to the school for the funds expended. The Academy expects to spend the full $6,000,000 within the three-year period allowed under the terms of the bond agreement. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 18375 | AmountOfGrant |
| Type Of Assistance | Discounted tuition | TypeOfAssistance |
| Purpose Of Assistance | Tuition remission | PurposeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Carol Watson | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Head of School spouse | Relationship |
| Amount Of Transaction | 65676 | AmountOfTransaction |
| Description Of Transaction | 2012 Form W-2 Wages (Box 5) | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 7 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3919565 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Method for Determining Number of Contributions: | Part I, Column (b): | The Academy reports the number of individual contributors in Part I Column B of this schedule. |
| Third Party Use: | Part I, Line 32b: | The Academy uses the donated services of Banc of America/Merrill Lynch to liquidate the non-cash contributions. Such liquidation usually is undertaken within days of receipt of the contribution. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Organization Mission Statement | Form 990, Part I, Line 1 Mission Statement | The Academy was the fortunate recipient of a transformational gift of land in the early sixties, and fittingly, has chosen to use this gift to ensure economic accessibility to students living throughout the city of Albuquerque and the region. Today the Academy offers students an education that is without equal in the Southwest. Students from approximately 90 area schools share an insatiable curiosity and are served by teachers who deliver their expertise in creative and engaging ways. Students in the 6/7 division follow a non-traditional schedule that allows for teaching flexibility and adaptability in an ever-changing world. Students in the 8/9 division are given their own campus space and their own accountability to help them grow into confident young adults. For the 10/12 division, course work involves increasingly philospohical and analytical thought. Academy students serve the community to which they belong, compete in a variety of competitive sports and participate in a variety of academic clubs and student organizations. Most Academy students attend four-year colleges and universities upon graduation, many of them enrolling at some of the best universities in the country. Admission to the Academy is competitive; approximately one-half of those who apply are offered admission. For the 2012/13 school year, the student body consisted of 48% boys and 52% girls, 49% are students of color, and 29% received approximately $4.9 million in financial aid. Financial aid is based on demonstrated financial need; only after students are admitted and their needs are assessed is financial aid offered. |
| Organization Mission Statement | Form 990, Part III, Line 1 Description of Organizations Mission | We believe that children's lives change when their natural passion for learning is nurtured and transformed into habits of life-long learning and reflection. We believe that the world changes as these children learn to serve country and community with wisdom, conviction, and compassion. In light of these beliefs: We serve students of talent and character, offering them an education that broadens their perspective, sharpens their minds, strengthens their bodies, and engages their hearts. We commit to creating a caring, inclusive, and just community, using the geography and culture of our home in the Southwest to enrich our educational programs and to foster creativity, personal balance and a connection to the natural world. We devote our resources to ensure economic accessibility to our students and to support the wider community through outreach and community service. We entrust this mission to our graduates and successors as we preserve our resources and serve the children of generations to come. |
| Program Service Statement | Form 990, Part III, Statement of Program Service Accomplishments | The Academy opened its doors in the fall of 1955 with 12 boys in grades 7 through 9, two teachers, and founding Head William Wilburn. Classes were held in rented space in the Parish Hall of St. Michael's and All Angels Church. In 1957, enrollment had grown to 75 boys and the school moved to a 27-acre site on north Edith Boulevard in Albuquerque, NM. The first class of seven boys graduated in 1960. In 1966, the school moved to its present location, and in 1967/68 was home to 405 boys. Girls were admitted in grades 9-12 in 1973. For the school year 2012/13, the Academy served 1,132 girls and boys in grades 6 through 12. The Academy's remarkable growth was made possible largely through the transformational gift of Albert G. Simms, a New Mexico financier and rancher, and his wife, Ruth Hanna McCormick Simms. In the early 1960's the Simms gave or bequeathed to the Academy (in trust) more than 12,000 acres of undeveloped land and 8,000 shares of Albuquerque National Bank (now Bank of America) stock. The undeveloped land has been sold resulting in the endowment that today enables education in a beautiful and uplifting environment, and also has provided the school its campus. The uniqueness of the Academy is due, in large part, to its commitment to a needs-blind admission policy, providing accessibility to qualified students from throughout the greater Albuquerque community. Only after students have been chosen are their tuition needs assessed and financial aid offered. Every Academy student benefits from the school's commitment to accessibility and affordability. Direct support from the endowment covers approximately 25% of the cost not covered by tuition. A further commitment of the Academy is to diversity and dedicating the school's resources to creating an environment in which all students can thrive. It is the responsibility of all the school's constituents to make this environment conducive to learning and to foster mutual respect for one another. Students of color (including students of Middle Eastern, Hispanic, African American, Asian, and Native American ancestry) represented approximately 49% of the total student population for the 2012/13 school year. Appreciation for diversity is also extended to those of various socioeconomic levels. The Academy has chosen to voluntarily particpate in the USDA's National School Lunch Program which provides nutritionally balanced, low-cost or free breakfast and lunch to students each school day. Academy students benefit academically from small classes (averaging 16 students in the 6/7 division to 15 in the 10/12 division) and a teacher-to-student ratio of 1:9. 294 students took an advanced placement exam in May 2013. Of these students 67% received scores of 4 or 5, and 93% received a score of 3 or above. The 2013 graduating class had 33 National Merit Scholarship semifinalists, 27 commended students and 19 National Hispanic Scholars. Almost all Academy graduates enroll in a four-year college or university immediately upon graduation. |
| Program Service Statement | Form 990, Part III, Statement of Program Service Accomplishments | The Academy summer session, offered the opportunity to 1,901 children of the greater Albuquerque community (most non-affiliated with the regular school year) to participate in an enriching and exciting summer experience, during the fiscal year ended June 30, 2013. The Academy is equally pleased to offer this program to students visiting Albuquerque and New Mexico each summer. The program had 239 class offerings and includes early childhood programs, a day camp, various sports camps and swim instruction for children from preschool to high school. Credit classes in math and science are also offered to high school students. An integral part of the session is the Multicultural Summer Honors Program, a summer scholarship program for academically talented and motivated African American, Native American, Hispanic, and other students who will be entering the fourth and fifth grades. The summer program has been an integral part of the Academy since 1984, reinforcing the school's unique mission of accessibility, affordability, excellence and outreach. The program also builds a broader sense of community, as summer students and their siblings, as well as children of faculty and alumni return summer after summer. The session is staffed by qualified and talented individuals who come from throughout New Mexico and the wider national and international educational community. The teacher/student ratio's for the summer session offered for the fiscal year ended June 30, 2013 was 1:5 for the day camp, 1:8 for the children's workshop, 1:12 for pre-grade 1, 1:12 for pre-grade 2-3, and 1:15 for all other programs offered. |
| Program Service Statement | Form 990, Part III, Statement of Program Service Accomplishments | The food service department serves the Academy community by providing nutritious meals, prepared with care, presented in an attractive manner, and served in a friendly atmosphere by a courteous staff within budgetary guidelines and in an environmentally sustainable way. The Academy dining halls provide breakfast and lunch every school day for students, faculty, and staff. Lunch is included in the price of tuition and students are required to attend lunch as part of the regular school day. Students may self-select from hot or cold sandwiches, a salad bar, pasta and pizza, home-style items, southwestern and asian fare, soup, and milk/juice choices. In grades 6-9, nine to ten students and one faculty member eat at each table. Lunch tables are assigned and change on a regulary scheduled basis. In grades 10-12, students have open seating and may eat anytime during this division's open lunch period. The Academy participates in the USDA school breakfast and national school lunch programs and follows the nutrient guidelines specified for these meals for students in grades 6-12. Calories, carbohydrates, protein, vitamins A and C, iron, calcium, cholesterol, and sodium are evaluated during menu planning and meet the USDA requirement when averaged over a week. Total fat is planned to be 30% or less and saturated fat 10% or less. |
| Explanation for Not Filing Form 720 | Form 990, Part V, Line 14b | The Academy received no payments for indoor tanning services during the tax year. |
| Form 990, Part VI, Section B, line 11 | Form 990 is prepared by the Academy's Controller with a review by the Academy's Business Manager and by its external accounting firm. The Board of Trustee's Audit & Risk Committee members with Academy employees (Head of School, Treasurer, Business Manager and Director of Finance) review the form in detail. Trustee members utilize this time to ask questions, clarify data and make suggestions for any changes. Any agreed upon changes are incorporated into the form, with a final review undertaken by the Controller and the Business Manager. The Form is submitted electronically to the Internal Revenue Service ("IRS") in a timely manner. The trustees receive the Form 990. The Academy values those few donors who request that they remain anonymous to the community. To that end, to protect such donors and keep the school's promise that their identity will not be widely known, Schedule B of Form 990 is not provided to all Trustees of the school. All other portions of the Form 990 are provided to all Trustees. To be sure the board is aware of gifts and to protect the organization from the potential of inappropriate gifts to the school, the Board Chair, the Head of School, the Treasurer and the Director of Institutional Advancement are completely aware of the identity of all donors. Should any one of them determine that a donation might be inappropriate or pose a conflict with the organization, they are charged with raising the issue with the full board. The Academy publishes a comprehensive giving report on an annual basis that is available to the public. | |
| Form 990, Part VI, Section B, line 12c | The conflict of interest statement is directed to the trustees, the officers, to those who make purchasing decisions, to all persons who are described as management personnel and to anyone who has proprietary information concerning the Academy. Each employee must sign a statement annually which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy and has agreed to comply with the policy. This is to ensure the Academy operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. Periodic review shall, at a minimum, include whether transactions between employees and the school are negotiated as the result of "arm's length bargaining" and whether partnerships, joint ventures and any other business arrangements with the school are properly recorded. Transactions are further reviewed to ensure they reflect reasonable investment or payment for goods and services, they further charitable purposes and they do not result in inurement, impermissible private benefit or any excess benefit transaction. Accounting and other personnel are encouraged to report a situation involving a potential conflict of interest to an appropriate school official. | |
| Form 990, Part VI, Section B, line 15 | The Board of Trustee's executive committee takes responsibility for the evaluation of its two direct reports, the Head of School and the Treasurer, and for the determination of compensation for each of those individuals. The executive committee consists of the Board Chair, Vice Chair, Secretary, Assistant Secretary, Assistant Treasurer, and two at-large board members appointed by the Chair. All board members, including the members of the executive committee, submit a conflict of interest disclosure statement to the Chair of the board annually. These are utilized to determine that the committee members do not have any undisclosed conflicts of interest and they do not have any direct financial interest in the compensation provided to the Head of School or the Treasurer. In addition, at the time the executive committee considers compensation questions, each committee member is asked again to confirm that they do not have any conflicts of interest. The executive committee has, in some years, retained a compensation consultant intimately familiar with compensation for the heads of independent school's both in the region and nationally. The consultant has no financial or other interest in the compensation decisions made. The consultant has prepared a study of up to thirty or forty schools that are or may be comparable to the Academy in terms of complexity, size of operating budget, grade range and student body size. The consultant also considers heads of school with experience levels comparable to the Academy's Head of School. The consultant's compensation information includes evidence of salary, bonuses, benefits and other non-cash consideration that other heads of school may receive. The executive committee considers the information assembled by the consultant, and in addition, information gathered from Form 990's of other independent schools, news sources and independent school associations, in setting compensation for the Head of School, together with any information obtained from any evaluations that may have been peformed, ordinarily in the spring and early summer, in advance of the beginning of the Academy's fiscal year. The executive committee maintains minutes of its meetings, including those in which compensation matters are considered. The Chair of the board reports the compensation decisions to the full board. The most recent compensation consultant study was completed during the 2009/10 fiscal year. The compensation consultant provided a letter to the Academy's executive committee confirming his judgment that the Head of School's compensation was reasonable and appropriate. As noted, this information is supplemented by more recent information. Determining comparability of the Treasurer's compensation is more difficult because of the paucity of information available. The Treasurer's position at the Academy involves a fairly unique set of responsibilities in independent schools, ranging from management of a substantial endowment to a wide range of debt management, business and financial matters. One of the reports done by the compensation consultant did include information regarding the Treasurer's compensation by comparability to the second highest paid officer of the subject schools. That information, coupled with information from a survey by an Association of School Business Officers, certain Form 990 information, and the knowledge of the members of the executive committee of compensation levels prevailing in the geographic area for persons with the skill set and work ethic necessary to fill this office have been used to set compensation since that study. The executive committee continues to look for additional means of doing comparisons of compensation. Prospectively, the executive committee hopes to be able to use additional resources for making compensation decisions. The newly enhanced Form 990's from comparable schools, will allow the Academy to proceed during most years, by considering those (perhaps with a limited accounting firm confirmation of the information) together with information available from independent schools and business associations each year, and adding in a consultant's study and report on a regular basis. | |
| Form 990, Part VI, Section C, line 19 | The Academy keeps a database (updated annually) of financial institutions, bondholders and vendors who have requested a copy of the Academy's audited financial statements as a condition of providing credit and services to the school. After the audit is completed and accepted by the Board of Trustees, electronic copies of the statements are distributed to all entities in the database. The Academy does not currently make its governing documents or conflict of interest policy statements available to the public. | |
| Form 990, Part XII, Financial Statements and Reporting, 2c | The Academy did not change its oversight process or selection process during the tax year being reported on. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| Albuquerque Academy Educational Foundation | |||||||||
| 6400 Wyoming Blvd NE | Albuquerque | NM | 87109 | 850381395 | Support New Mexico ISAS schools | NM | 501(c)(3) | Line 11b, II | 0 |
| Albuquerque Academy Student Support Foundation | |||||||||
| 6400 Wyoming Blvd NE | Albuquerque | NM | 87109 | 205895188 | Provide support to Albuquerque Academy | NM | 501(c)(3) | Line 11b, II | 0 |
| Albuquerque Academy for Boys Trust #1 | |||||||||
| 1300 Merrill Lynch Drive 3rd | Pennington | NJ | 08534 | 866008015 | Provide support to Albuquerque Academy | NM | 501(c)(3) | Line 11c, III-FI | 0 |
| Albuquerque Academy for Boys Trust #2 | |||||||||
| 1300 Merrill Lynch Drive 3rd | Pennington | NJ | 08534 | 856014105 | Provide support to Albuquerque Academy | NM | 501(c)(3) | Line 11c, III-FI | 0 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | High Desert Investment Corporation | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 92933 | AddressLine1 |
| City | Albuquerque | City |
| State | NM | State |
| ZIP Code | 87199 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850394108 | EIN |
| Primary Activity | Real estate development | PrimaryActivity |
| Legal Domicile State | NM | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Albuquerque Academy | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -33635547 | ShareOfTotalIncome |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | High Desert Investment Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionType |
| Amount Involved | 108650 | AmountInvolved |
| Method Of Amt Determination | Cash | MethodOfAmtDetermination |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Form 990 - Schedule R - Part IV - Line 1 | ReturnReference |
| Explanation | In 1991, the Academy's Board of Trustees formed High Desert Investment Corporation ("High Desert"), a for-profit entity, for the intial purpose of acquiring and developing property owned by the Academy in the foothills of the Sandia Mountains in Albuquerque. High Desert eventually included the following wholly owned subsidiaries: Tiburon Investment LLC, Mariposa East Commons LLC, and Mariposa Community Center LLC. In 2003, High Desert purchased approximately 1,400 acres of land from the Academy, which was located in Rio Rancho, New Mexico and undertook development activity of that real estate. High Desert suffered losses connected with the country's residential housing collapse beginning in 2007 from which it has not recovered. No development activity took place in fiscal years ended June 30, 2013 or 2012, nor did High Desert sell any land in those years. The Academy's equity method investment in High Desert was evaluated for impairment at June 30, 2012, and determined it to be fully impaired. No additional impairment of High Desert was recorded ,therefore, by the Academy for the fiscal year ended June 30, 2013. | Explanation |
Comments