2014-05-15T10:19:01-05:00 2013-06-30 310800053 CLARK SCHAEFER HACKETT & CO 10100 INNOVATION DR SUITE 400 DAYTON OH 45342 990 2012-07-01 311690658 RICHARD ALLEN PREPARATORY INC RICH 9375869500 368 S PATTERSON DAYTON OH 45402 BRIAN ADAMS 6147667009 2014-05-06 1 KEVIN T DAVIS CPA P00039883 9372260070 2014-05-06 2012 2015-11-30 17:44:51Z BRIAN ADAMS 65 W WILSON BRIDGE RD SUITE 200 WORTHINGTON OH 43085 1638247 0 X NA X 1999 OH EDUCATE CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN MONTGOMERY COUNTY, OHIO. 10 10 0 0 0 0 1936084 1484006 93273 127181 0 0 49237 27060 2078594 1638247 0 0 0 0 0 0 0 0 0 2031958 1647835 2031958 1647835 46636 -9588 223987 240533 175002 233770 48985 6763 TO MAINTAIN AND PROVIDE A SCHOOL EXCLUSIVELY FOR EDUCATIONAL, LITERARY, SCIENTIFIC AND RELATED TEACHING SERVICE. 0 0 1318268 154241 EDUCATE CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN MONTGOMERY COUNTY, OHIO. 1318268 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 X BRIAN ADAMS 6147667009 65 W WILSON BRIDGE RD SUITE 200 WORTHINGTON OH 43085 X DIXIE ALLEN 1.00 0.00 X 0 0 0 GARY PERSONS 1.00 0.00 X 0 0 0 LONNIE R NORWOOD 1.00 0.00 X 0 0 0 DR LACRETA CLARK 1.00 0.00 X X 0 0 0 JOHNNY DAVIS 1.00 0.00 X 0 0 0 MICHAEL BROWN 1.00 0.00 X 0 0 0 WANDA MILLS 1.00 0.00 X 0 0 0 DR LAQUETTA CORTNER 1.00 0.00 X 0 0 0 FATHER BENJAMIN SPEARE HARDY 1.00 0.00 X 0 0 0 ATTY MIA WORTHAM SPELLS 1.00 0.00 X X 0 0 0 DR MICHELLE THOMAS 0.00 40.00 X 0 126835 46677 BRIAN ADAMS 1.00 0.00 X 0 0 0 0 126835 46677 0 0 1 0 THE INSTITUTE OF MANAGEMENT AND RESOURCE 386 S PATTERSON BLVD DAYTON OH 45402 MANAGEMENT SERVICES 1577370 1 1484006 1484006 SCHOOL LUNCH 611600 127181 127181 127181 OTHER 611600 27060 27060 27060 1638247 154241 0 0 X 1577370 1261896 315474 18199 14559 3640 9082 7266 1816 5756 4605 1151 SPONSORSHIP FEES 36428 29142 7286 OTHER 1000 800 200 1647835 1318268 329567 0 9344 11171 214643 229362 78786 78786 0 0 223987 240533 146902 205670 28100 28100 175002 233770 X 48985 6763 48985 6763 223987 240533 -9588 -32634 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78786 78786 0 0 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 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. 1 X 0 0 0 0 0 0 0 0 0 DR MICHELLE THOMAS 0 126835 0 0 0 0 0 18200 0 28477 0 173512 0 0 JEANETTE HARRIS MOTHER OF MICHELLE THOMAS, SUPERINTENDENT 230705 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. 0 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. 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) RICHARD ALLEN ACADEMY INC 0 RICHARD ALLEN ACADEMY III INC 368 S PATTERSON BLVD DAYTON OH 45402 311756854 CHARTER SCHOOL OH 501(C)(3) 170(B)(1)(A)(II) RICHARD ALLEN ACADEMY INC 0 RICHARD ALLEN ACADEMY INC 368 S PATTERSON BLVD DAYTON OH 45402 311653467 CHARTER SCHOOL OH 501(C)(3) 170(B)(1)(A)(II) RICHARD ALLEN ACADEMY INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 INSTITUTE OF MANAGEMENT AND RESOURCES INC P 1606485 FAIR MARKET VALUE SCHEDULE R, PART II: 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.