2014-02-13T16:13:07-06:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2012-07-01 390987840 ACADEMY OF BASIC EDUCATION INC D/B/A BROOKFIELD ACADEMY ACAD 2627833200 3460 NORTH BROOKFIELD ROAD BROOKFIELD WI 530452599 KRISTI THOMPSON 2627833200 2014-02-12 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2014-02-12 2012 2015-11-30 17:44:51Z KRISTI THOMPSON 3460 NORTH BROOKFIELD ROAD BROOKFIELD WI 530452599 15260823 0 X BROOKFIELDACADEMY.ORG X 1961 WI OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE, EDUCATED IN SKILLS, VALUES, AND HERITAGE OF RESPONSIBLE, CONSTRUCTIVE, FREE PEOPLE. 11 11 293 300 482800 271802 1871519 1039519 12749483 13462280 18171 16241 163981 506671 14803154 15024711 1169911 1238519 0 0 7791336 8429024 0 0 462263 4746058 4770975 13707305 14438518 1095849 586193 37860184 38762505 10964423 11040998 26895761 27721507 OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE, EDUCATED IN SKILLS, VALUES, AND HERITAGE OF RESPONSIBLE, CONSTRUCTIVE, FREE PEOPLE. 0 0 12742776 1238519 13462280 OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE. 12742776 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 49 0 1 293 1 1 1 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X KRISTI THOMPSON 2627833200 3460 N BROOKFIELD RD BROOKFIELD WI 530452599 EDWARD M APRAHAMIAN 1.00 X 0 0 0 CYNTHIA M DAVIS 1.00 X 0 0 0 MICHAEL J FRANCIS 1.00 X X 0 0 0 DANIEL J GEENEN 1.00 X 0 0 0 R JEFFREY HARRIS 1.00 X 0 0 0 WILLIAM R LAW 1.00 X X 0 0 0 MICHAEL T MALATESTA 1.00 X 0 0 0 MALAIKA MATHAI KODALI 1.00 X X 0 0 0 JOEL G NETTESHEIM 1.00 X 0 0 0 MICHAEL D SIMMONS 1.00 X X 0 0 0 MARY J YORK 1.00 X 0 0 0 ROBERT E SOLSRUD 40.00 X 166017 0 7367 166017 0 7367 1 0 1 0 PROGRAMMED CLEANING INC 2115-2125 SOUTH 162ND STREET NEW BERLIN WI 53151 CLEANING SERVICES 447564 STIER CONSTRUCTION INC N8W22195 JOHNSON DR WAUKESHA WI 53186 REMODELING/CONSTRUCTION 155351 DG BEYER INC 3080 S CALHOUN RD NEW BERLIN WI 53151 REMODELING/CONSTRUCTION 107741 INFOCOR N106W13131 BRADLEY WAY SUITE 300 GERMANTOWN WI 53022 TECHNOLOGY SOLUTIONS 101633 4 291025 748494 63298 1039519 TUITION 611710 12783345 12783345 OTHER PROGRAM REVENUES 611710 640039 640039 ATHLETICS 611710 38896 38896 13462280 13472 13472 6095 0 6095 6095 6095 95103 6214 96312 2236 -1209 3978 2769 2769 131045 291025 129614 1431 1431 24295 7950 16345 16345 OTHER REVENUE - UBI 310000 482800 482800 482800 15024711 13462280 482800 40112 1238519 1238519 171750 153495 12492 5763 6842673 6118650 495367 228656 299692 264586 24120 10986 623639 564185 27546 31908 491270 437321 37410 16539 37150 37150 43725 43725 10625 7033 3592 44283 44283 220681 47495 173186 281248 273245 8003 1390706 1390706 104536 98280 6256 23543 19201 4342 198708 198708 1073168 1073168 31764 31764 INCOME TAX - UBIT 99225 99225 EDUCATIONAL/TEACHING SU 832255 816013 16242 DEVELOPMENT COSTS 159319 159319 ADMISSIONS 107802 107802 112237 10407 96330 5500 14438518 12742776 1233479 462263 950362 1069669 5384742 5901612 417990 381162 79429 102402 29461 262101 146220 39063783 11545928 27872201 27517855 1864759 2291724 1028600 1322400 37860184 38762505 1368680 1472802 5393360 5938433 3699994 3299986 502389 329777 10964423 11040998 X 24831097 25272475 2044664 2429032 20000 20000 26895761 27721507 37860184 38762505 586193 239553 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 47.50 1 1 68.00 5090 15000 X X 0 2905958 330441 445407 67682 3614124 2454423 553100 -24610 76955 2905958 1583299 518099 376699 23674 2454423 1595435 120479 -102573 30042 1583299 2678037 10779 -858879 234502 1595435 0.47350 0.00550 0.52100 0 0 3822615 3822615 28910422 7221656 21688766 2206540 1521484 685056 4124206 2802788 1321418 27517855 SWAP VALUATION 329777 329777 X 14025745 239553 239553 13786192 1238519 1238519 15024711 13199999 0 13199999 1238519 1238519 14438518 PART III, LINE 4: THE COLLECTIONS WERE HELD FOR PUBLIC EXHIBITION AND PRESERVATION FOR FUTURE GENERATIONS. THE ORGANIZATION PURCHASED FROM A PUBLIC EDUCATION FOUNDATION A BRONZE ETCHING TITLED "TIMELINE OF LIBERTY HAS RELIEFS" AND IS DISPLAYED IN FREEDOM HALL LOCATED ON THE GROUNDS OF THE ORGANIZATION. THE COLLECTION WILL HELP FUTURE GENERATIONS LEARN ABOUT THE GREAT WRITERS, PHILOSOPHERS, AND THINKERS WHO SHAPED OUR HISTORY AND PROVIDED US THE CONCEPTS OF FREEDOM AND INDIVIDUAL DIGNITY WE ENJOY TODAY. STUDENTS AND FACULTY WILL GAIN A BETTER SENSE OF HISTORY AND ITS EFFECTS ON THE PRESENT BY SEEING AND READING THE ORIGINAL WORKS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ACADEMY'S ENDOWMENTS CONSIST OF 20 FUNDS ESTABLISHED TO SUPPORT A VARIETY OF PROGRAMS AND SCHOLARSHIPS AT BROOKFIELD ACADEMY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY IS EXEMPT FROM STATE AND FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. A PROVISION FOR INCOME TAXES HAS BEEN MADE FOR THE ACADEMY'S UNRELATED BUSINESS INCOME RESULTING FROM THE INVESTMENT IN S-CORPORATION STOCK. THE FEDERAL AND STATE INCOME TAX RETURNS OF THE ACADEMY FOR FISCAL 2010, 2011 AND 2012 ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS 1,238,519. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 1,238,519. PART II LINE 3: THE ORGANIZATION DID NOT MODIFY, TRANSFER, RELEASE, EXTINGUISH, OR TERMINATE THE EASEMENT IT HOLDS DURING THE TAXABLE YEAR. PART II LINE 5: THE ORGANIZATION DOES HAVE A WRITTEN POLICY IN PLACE REGARDING THE PERIODIC MONITORING AND ENFORCEMENT OF THE CONSERVATION EASEMENT THAT IT HOLDS. PART II LINE 9: THE ORGANIZATION DOES NOT RECEIVE ANY REVENUE FROM THE EASEMENT AND ALL EXPENSES ARE RECORDED AS CONTRACTED SERVICES ON THE INCOME STATEMENT. THE EASEMENT IS REPORTED ON THE BALANCE SHEET AS PART OF THE LAND TOTAL. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATORY POLICY IN ALL OF ITS PUBLICATIONS AS WELL AS AN ANNUAL NOTICE IN THE LOCAL NEWSPAPER. DINNER AUCTION 367470 291025 76445 2744 26632 29390 7378 26646 GOLF OUTING 54600 54600 29959 6865 422070 291025 131045 2744 56591 29390 7378 33511 129614 1431 24295 7900 50 0 24295 7900 50 7950 16345 WI 1 0 1 0 1.00000 KRISTI THOMPSON 3460 NORTH BROOKFIELD ROAD BROOKFIELD WI 53045 0 NA 0 1 NEED BASED FINANCIAL ASSISTANCE 130 951989 MERIT SCHOLARSHIPS 53 286530 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF NEED BASED FINANCIAL ASSISTANCE AND MERIT SCHOLARSHIPS BY THE APPLICATION PROCESS AND THE ACCEPTANCE OF THOSE QUALIFYING APPLICATIONS. FINANCIAL ASSISTANCE IS AWARDED BASED ON NEED WITH CRITERIA SUCH AS NET EARNINGS, TOTAL ASSETS AND FAMILY SIZE. MERIT SCHOLARSHIPS ARE AWARDED ON ACADEMIC ABILITY AND ACADEMIC HISTORY. X X 0 0 0 0 0 0 0 0 0 ROBERT E SOLSRUD 163850 0 0 0 2167 0 7367 0 0 0 173384 0 0 0 X 6 63298 FMV OF STOCK 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE TOTAL NUMBER OF CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY THE ACCOUNTING FIRM CLIFTONLARSONALLEN LLP AND REVIEWED IN DETAIL BY THE ORGANIZATION'S FINANCE DIRECTOR. THIS PRELIMINARY DRAFT IS MADE AVAILABLE FOR REVIEW BY MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. FINAL FORM 990 (INCLUDING REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS IS PROVIDED TO ALL BOARD MEMBERS AT THE NEXT REGULARLY SCHEDULED BOARD MEETING SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE HEAD OF SCHOOL WAS REVIEWED AND APPROVED BY THE BOARD WITH REFERENCE TO INDEPENDENT SCHOOL MANAGEMENT SURVEY DATA. SALARIES OF TOP MANAGEMENT AND OTHER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD IN CONTEXT TO THE NORMS OF INDEPENDENT SCHOOL ASSOCIATION OF CENTRAL STATES AND NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.