RICHARD ALLEN PREPARATORY INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- RICHARD ALLEN PREPARATORY INC (EIN 31-1690658)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201431359349303673
- 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 J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-15T10:19:01-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 310800053 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK SCHAEFER HACKETT & CO | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10100 INNOVATION DR SUITE 400 | AddressLine1 |
| City | DAYTON | City |
| State | OH | State |
| ZIP Code | 45342 | 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 | 311690658 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD ALLEN PREPARATORY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RICH | NameControl |
| Phone | 9375869500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 368 S PATTERSON | AddressLine1 |
| City | DAYTON | City |
| State | OH | State |
| ZIP Code | 45402 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN ADAMS | Name |
| Title | TREASURER | Title |
| Phone | 6147667009 | Phone |
| Date Signed | 2014-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN T DAVIS CPA | Name |
| PTIN | P00039883 | PTIN |
| Phone | 9372260070 | Phone |
| Date Prepared | 2014-05-06 | 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 | BRIAN ADAMS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 W WILSON BRIDGE RD SUITE 200 | AddressLine1 |
| City | WORTHINGTON | City |
| State | OH | State |
| ZIP Code | 43085 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1638247 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | NA | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | EDUCATE CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN MONTGOMERY COUNTY, OHIO. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1936084 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1484006 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 93273 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 127181 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 49237 | OtherRevenuePriorYear |
| Other Revenue Current Year | 27060 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2078594 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1638247 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2031958 | OtherExpensePriorYear |
| Other Expenses Current Year | 1647835 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2031958 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1647835 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 46636 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -9588 | RevenuesLessExpensesCY |
| Total Assets BOY | 223987 | TotalAssetsBOY |
| Total Assets EOY | 240533 | TotalAssetsEOY |
| Total Liabilities BOY | 175002 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 233770 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 48985 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6763 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO MAINTAIN AND PROVIDE A SCHOOL EXCLUSIVELY FOR EDUCATIONAL, LITERARY, SCIENTIFIC AND RELATED TEACHING SERVICE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1318268 | Expense |
| Revenue | 154241 | Revenue |
| Description | EDUCATE CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN MONTGOMERY COUNTY, OHIO. | Description |
| Total Program Service Expense | 1318268 | 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 | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | 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 | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | 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 | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| 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 | 0 | QuidProQuoContributions |
| 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 | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | 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 | 0 | 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 | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN ADAMS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6147667009 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 W WILSON BRIDGE RD SUITE 200 | AddressLine1 |
| City | WORTHINGTON | City |
| State | OH | State |
| ZIP Code | 43085 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|---|
| DIXIE ALLEN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| GARY PERSONS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| LONNIE R NORWOOD | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| DR LACRETA CLARK | |||||||
| SECRETARY | 1.00 | 0.00 | X | 0 | 0 | 0 | X |
| JOHNNY DAVIS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| MICHAEL BROWN | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| WANDA MILLS | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| DR LAQUETTA CORTNER | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| FATHER BENJAMIN SPEARE HARDY | |||||||
| BOARD MEMBER | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| ATTY MIA WORTHAM SPELLS | |||||||
| PRESIDENT | 1.00 | 0.00 | X | 0 | 0 | 0 | X |
| DR MICHELLE THOMAS | |||||||
| SUPERINTENDENT | 0.00 | 40.00 | 0 | 126835 | 46677 | X | |
| BRIAN ADAMS | |||||||
| TREASURER | 1.00 | 0.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 126835 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 46677 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE INSTITUTE OF MANAGEMENT AND RESOURCE | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 386 S PATTERSON BLVD | AddressLine1 |
| City | DAYTON | City |
| State | OH | State |
| ZIP Code | 45402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | MANAGEMENT SERVICES | DescriptionOfServices |
| Compensation | 1577370 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Government Grants | 1484006 | GovernmentGrants |
| Total Contributions | 1484006 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SCHOOL LUNCH | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 127181 | TotalRevenueColumn |
| Related Or Exempt Function Income | 127181 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 127181 | TotalProgramServiceRevenue |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 27060 | TotalRevenueColumn |
| Related Or Exempt Function Income | 27060 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 27060 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1638247 | TotalRevenueColumn |
| Related Or Exempt Function Income | 154241 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1577370 | Total |
| Program Services | 1261896 | ProgramServices |
| Management And General | 315474 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18199 | Total |
| Program Services | 14559 | ProgramServices |
| Management And General | 3640 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9082 | Total |
| Program Services | 7266 | ProgramServices |
| Management And General | 1816 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5756 | Total |
| Program Services | 4605 | ProgramServices |
| Management And General | 1151 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| SPONSORSHIP FEES | 36428 | 29142 | 7286 |
| OTHER | 1000 | 800 | 200 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1647835 | Total |
| Program Services | 1318268 | ProgramServices |
| Management And General | 329567 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9344 | BOY |
| EOY | 11171 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 214643 | BOY |
| EOY | 229362 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 78786 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 78786 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 223987 | BOY |
| EOY | 240533 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146902 | BOY |
| EOY | 205670 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28100 | BOY |
| EOY | 28100 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175002 | BOY |
| EOY | 233770 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48985 | BOY |
| EOY | 6763 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48985 | BOY |
| EOY | 6763 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 223987 | BOY |
| EOY | 240533 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -9588 | ReconcilationRevenueExpenses |
| Reconcilation Prior Adjustment | -32634 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| 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
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 78786 | OtherCostOrOtherBasis |
| Depreciation | 78786 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | THE SCHOOL IS A NON-PROFIT ORGANIZATION THAT HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSLY AFFECT THE SCHOOL'S TAX-EXEMPT STATUS. | Explanation |
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 SCHOOL IS A PUBLIC SCHOOL THAT IS INDEPENDENT OF ANY SCHOOL DISTRICT AS PROVIDED BY THE OHIO REVISED CODE CHAPTERS 3314 AND 1702. AS A PUBLIC SCHOOL, RACIALLY NONDISCRIMINATORY POLICIES ARE MAINTAINED IN OPERATION, AS WELL AS IN SOLICITATION OF STUDENTS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | SCHOOL RECEIVES FUNDING FROM THE STATE OF OHIO AS WELL AS THE FEDERAL GOVERNMENT (PASSED THROUGH THE OHIO DEPARTMENT OF EDUCATION) TO PROVIDE FUNDING FOR EDUCATIONAL SERVICES AS WELL AS SPECIFIC EDUCATIONAL GRANT PROGRAMS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DR MICHELLE THOMAS | NamePerson |
| Title | SUPERINTENDENT | Title |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 126835 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 18200 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 28477 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 173512 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JEANETTE HARRIS | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | MOTHER OF MICHELLE THOMAS, SUPERINTENDENT | Relationship |
| Amount Of Transaction | 230705 | AmountOfTransaction |
| Description Of Transaction | JEANETTE HARRIS IS THE MOTHER OF MICHELLE THOMAS, SUPERINTENDENT, AND THE OWNER OF THE INSTITUTE OF CHARTER SCHOOL MANAGEMENT & RESOURCES, INC. (ICSMR) WHICH PROVIDES CONSULTING SERVICES TO THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR). JEANETTE HARRIS IS COMPENSATED THROUGH ICSMR AND HER SALARY IS INCLUDED IN THE SERVICES BILLED TO IMR. IMR CHARGES THE ENTITIES LISTED ON SCHEDULE R, PART II FOR THEIR ALLOCATED PORTION OF JEANETTE HARRIS' COMPENSATION. IMR EMPLOYS ALL SCHOOL PERSONNEL AND PAYS VIRTUALLY ALL OTHER SCHOOL OPERATING COSTS. IMR ALLOCATES THE OPERATING COSTS TO EACH SCHOOL, INCLUDING AMOUNTS BILLED TO IT BY ICSMR. JEANETTE HARRIS DOES NOT SERVE AS A DIRECTOR OR OFFICER OF EITHER THE SCHOOL OR IMR. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | RICHARD ALLEN PREPARATORY, INC. HAS A MANAGEMENT AGREEMENT WITH THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR) WHEREBY IMR OPERATES AND MANAGES THE DAY-TO-DAY OPERATIONS OF THE ACADEMY UNDER THE AUTHORITY OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS OF THE ACADEMY RETAIN ULTIMATE AUTHORITY AND RESPONSIBILITY REGARDING THE POWERS, DUTIES, AND RESPONSIBILITIES VESTED IN THE ACADEMY BY THE STATE OF OHIO. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND THEN REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS CONSISTENTLY MONITORED AT EACH BOARD MEETING BY REQUIRING EACH BOARD MEMBER TO DISCLOSE ANY CONFLICTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VII, SECTION A: | FELIX A. O'AKU PREVIOUSLY SERVED AS TREASURER OF THE ACADEMY AS WELL AS CHIEF FINANCIAL OFFICER OF THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC (IMR). THEREFORE, MR. O'AKU WAS LISTED IN PREVIOUS YEARS ON PART VII OF FORM 990. MR. O'AKU CONTINUES IN HIS ROLE WITH IMR; HOWEVER, THE ACADEMY HAS RETAINED A CONTRACT TREASURER WHO REPORTS DIRECTLY TO THE BOARD OF DIRECTORS. THIS SEPARATION IS INTENDED TO PROVIDE GREATER SEPARATION BETWEEN THE ACADEMY AND IMR AND IMPROVE INTERNAL CONTROLS. AS MR. O'AKU IS NO LONGER DIRECTLY AFFILIATED WITH THE ACADEMY, HE WAS NOT LISTED ON PART VII, FORM 990 FOR THE YEAR ENDED JUNE 30, 2013. NO COMPENSATION WAS LISTED ON PART VII, FORM 990 FOR THE CONTRACT TREASURER AS HIS DUTIES HAD NOT BEGUN BY JUNE 30, 2013. |
| FORM 990, PART IX: | THE SCHOOL'S EXPENSES ARE PAID DIRECTLY BY THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR). IMR CHARGES THE SCHOOL FOR ITS DIRECT PROGRAMMATIC EXPENSES, AS WELL AS FOR AN ALLOCATED PORTION OF INDIRECT PROGRAMMATIC EXPENSES AND ADMINISTRATIVE COSTS. MANAGEMENT ESTIMATES THAT 80% OF THE CHARGES TO THE SCHOOL RELATE TO PROGRAMMATIC ACTIVITIES AND 20% RELATE TO ADMINISTRATIVE FUNCTIONS. NEITHER THE SCHOOL NOR IMR PERFORM ANY CHARITABLE FUNDRAISING ACTIVITIES. ACCORDINGLY, NO FUNDRAISING EXPENSES ARE REPORTED ON FORM 990, PART IX. |
| FORM 990, PART I, LINE 5 & PART V, LINE 2: | THE SCHOOL HAS A MANAGEMENT AGREEMENT WITH THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC (IMR) TO PERFORM THE FUNCTIONS REASONABLY REQUIRED TO MANAGE THE OPERATION OF THE SCHOOL. THE SCHOOL REIMBURSES IMR EVERY PAY-PERIOD FOR THE GROSS PAYROLL EXPENSE OF THE CONTRACT EMPLOYEES WORKING AT THE SCHOOL AND MONTHLY FOR THE RELATED COST OF THE BENEFITS OFFERED TO THESE EMPLOYEES. FOR FISCAL YEAR 2012-2013, THE EXPENSE RELATED TO CONTRACTUAL EMPLOYEES WAS $789,455 FOR WAGES AND $115,889 FOR BENEFITS. |
| FORM 990, SECTION A, COLUMN F: | THE BOARD, SUPERINTENDENT AND TREASURER OF RICHARD ALLEN PREPARATORY SERVE IN THE SAME CAPACITY FOR RICHARD ALLEN ACADEMY, RICHARD ALLEN ACADEMY II, AND RICHARD ALLEN ACADEMY III COMMUNITY SCHOOLS, ALL OF WHICH ARE MANAGED BY THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR). THE SUPERINTENDENT IS AN EMPLOYEE OF IMR. THE EMPLOYMENT COSTS ASSOCIATED WITH THIS OFFICER ARE ALLOCATED BETWEEN THE RICHARD ALLEN SCHOOLS. |
| FORM 990, PART XI, LINE 2B: | THE JUNE 30, 2013 FINANCIAL STATEMENTS WERE PREPARED BY MANAGEMENT. THESE FINANCIAL STATEMENTS ARE SUBJECT TO ANNUAL AUDIT BY THE OHIO AUDITOR OF STATE. THE OHIO AUDITOR OF THE STATE HAD NOT YET ISSUED ITS REPORT ON THESE FINANCIAL STATEMENTS AT THE TIME THE JUNE 30, 2013 FORM 990 WAS PREPARED. THE AMOUNTS REPORTED IN PARTS VIII, IX AND X ARE THE REPRESENTATION OF MANAGEMENT AND HAVE NOT BEEN AUDITED OR REVIEWED BY EITHER THE OHIO AUDITOR OF STATE OR ANY INDEPENDENT ACCOUNTING FIRM. THE RICHARD ALLEN ACADEMY PREPARATORY WAS INCLUDED IN A SPECIAL AUDIT CONDUCTED BY THE AUDITOR OF THE STATE OF OHIO. THIS SPECIAL AUDIT REPORT DATED DECEMBER 5, 2011 COVERED THE TWO YEAR PERIOD JULY 1, 2008 THROUGH JUNE 30, 2010. SEVERAL FINDINGS FOR RECOVERY DUE FROM THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC., THE INSTITUTE OF CHARTER SCHOOL MANAGEMENT AND RESOURCES, INC., OFFICERS, BOARD MEMBERS, AND FORMER EMPLOYEES OF THE RELATED MANAGEMENT COMPANIES WERE IDENTIFIED IN THE AUDIT REPORT. THE OHIO AUDITOR OF STATE ALSO SUBSEQUENTLY ISSUED REPORTS DATED OCTOBER 26, 2012 AND AUGUST 28, 2013 ON THE REGULAR AUDIT OF THE JUNE 30, 2011 JUNE 30, 2012 FINANCIAL STATEMENTS, RESPECTIVELY OF RICHARD ALLEN ACADEMY PREPARATORY. THIS REPORT ALSO CONTAINS VARIOUS NONCOMPLIANCE CITATIONS AND FINDINGS FOR RECOVERY. MANAGEMENT OF RICHARD ALLEN ACADEMY PREPARATORY AND THE AUDITOR OF THE STATE OF OHIO ARE IN DISAGREEMENT REGARDING CERTAIN OF THE AFOREMENTIONED FINDINGS FOR RECOVERY. ON OCTOBER 12, 2012, THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR), THE MANAGEMENT COMPANY OF THE SCHOOL, FILED A COMPLAINT FOR DECLARATORY JUDGMENT AND INJUNCTIVE RELIEF AGAINST THE SCHOOL, AS WELL AS THE AUDITOR OF STATE AND ATTORNEY GENERAL REGARDING THESE FINDINGS. BECAUSE THE AUDITOR AND ATTORNEY GENERAL ARE ACTING ON BEHALF OF THE SCHOOL STATUTORILY, THE SCHOOL IS AN INDISPENSABLE PARTY TO THE LITIGATION. THIS TRIAL IS CURRENTLY SCHEDULED FOR JUNE 2014. THE OUTCOME OF THIS CASE COULD HAVE A MATERIAL IMPACT ON FINANCIAL STATEMENTS OF THE SCHOOL, THE EXACT AMOUNT OF WHICH IS NOT KNOWN AT THIS TIME. THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2013, USED TO PREPARE THE FORM 990, DO NOT INCLUDE ANY ADJUSTMENTS RESULTING FROM DISPUTED AUDIT FINDINGS INCLUDED IN THE OHIO AUDITOR OF STATE'S SPECIAL AUDIT OR THE REGULAR AUDIT OF THE SCHOOL'S JUNE 30, 2012 FINANCIAL STATEMENTS. THE IMPACT OF ANY RECOVERY RELATED TO THESE AUDIT FINDINGS CANNOT YET BE REASONABLY DETERMINED. THE REPORTS ISSUED BY THE AUDITOR OF STATE CAN BE ACCESSED BY THE PUBLIC THROUGH THE AUDITOR OF STATE'S WEBSITE. |
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 | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INSTITUTE OF MANAGEMENT AND RESOURCES INC | |||||||||||
| 368 S PATTERSON BLVD | DAYTON | OH | 45402 | 562366373 | MANAGEMENT COMPANY | OH | 501(C)(3) | 509(A)(2) | N/A | 0 | |
| RICHARD ALLEN ACADEMY II INC | |||||||||||
| 368 S PATTERSON BLVD | DAYTON | OH | 45402 | 311712317 | PROVIDES HOUSING AND EDUCATIONAL SERVICES TO KINDERGARTEN STUDENTS | OH | 501(C)(3) | 170(B)(1)(A)(II) | 0 | RICHARD ALLEN ACADEMY INC | |
| RICHARD ALLEN ACADEMY III INC | |||||||||||
| 368 S PATTERSON BLVD | DAYTON | OH | 45402 | 311756854 | CHARTER SCHOOL | OH | 501(C)(3) | 170(B)(1)(A)(II) | 0 | RICHARD ALLEN ACADEMY INC | |
| RICHARD ALLEN ACADEMY INC | |||||||||||
| 368 S PATTERSON BLVD | DAYTON | OH | 45402 | 311653467 | CHARTER SCHOOL | OH | 501(C)(3) | 170(B)(1)(A)(II) | 0 | RICHARD ALLEN ACADEMY INC | |
| 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 | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | 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 | INSTITUTE OF MANAGEMENT AND RESOURCES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | P | TransactionType |
| Amount Involved | 1606485 | AmountInvolved |
| Method Of Amt Determination | FAIR MARKET VALUE | MethodOfAmtDetermination |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | SCHEDULE R, PART II: | ReturnReference |
| Explanation | THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR) WAS INITIALLY ESTABLISHED AS A NON PROFIT ORGANIZATION UNDER SECTION 501(C)(3). IMR FAILED TO FILE REQUIRED INFORMATION RETURNS FOR SEVERAL YEARS; AND THEREFORE, ITS TAX EXEMPT STATUS WAS REVOKED BY THE INTERNAL REVENUE SERVICE (IRS). MANAGEMENT HAS APPLIED TO THE IRS IN ORDER TO REINSTATE IMR'S TAX EXEMPT STATUS. WHEN MANAGEMENT RECEIVES A DETERMINATION REGARDING IMR'S TAX EXEMPT STATUS AND DETERMINES WHETHER ITS APPEAL FOR RETROACTIVE REINSTATEMENT HAS BEEN APPROVED OR DENIED, THE APPROPRIATE TAX FILINGS WILL BE MADE WITH THE IRS FOR THE DELINQUENT TAX YEARS. THE IMPACT ON RICHARD ALLEN PREPARATORY ACADEMY INC. OF THE REVOCATION OF IMR'S TAX STATUS CAN NOT YET BE REASONABLY DETERMINED. AS OF THE DATE OF THIS RETURN, IMR'S EXEMPT APPLICATION WAS STILL UNDER REVIEW BY THE IRS. | Explanation |
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