TIDEWATER ACADEMY INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: TIDEWATER ACADEMY INC (EIN 54-0760977)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-01-09
IRS object ID: 201440139349302359
Schema version: 2012v2.3
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 L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-01-09T16:31:42-06:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BARNES BROCK CORNWELL & HEILMAN PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 237	AddressLine1
City	WINDSOR	City
State	VA	State
ZIP Code	23487	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	540760977	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TIDE	NameControl
Phone	7578995401	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 536	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SARAH P SAVEDGE	Name
Title	CHAIRMAN	Title
Phone	7578995401	Phone
Date Signed	2013-11-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROSSIE E BROCK JR	Name
Phone	7572429271	Phone
Date Prepared	2013-11-27	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	SARAH P SAVEDGE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 536	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1614696	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.TAWARRIORS.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1964	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	65	TotalNbrEmployees
Total Nbr Volunteers	25	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	56852	ContributionsGrantsPriorYear
Contributions Grants Current Year	505793	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	980877	ProgramServiceRevenuePriorYear
Program Service Revenue CY	914435	ProgramServiceRevenueCY
Investment Income Current Year	55617	InvestmentIncomeCurrentYear
Other Revenue Prior Year	82174	OtherRevenuePriorYear
Other Revenue Current Year	73590	OtherRevenueCurrentYear
Total Revenue Prior Year	1119903	TotalRevenuePriorYear
Total Revenue Current Year	1549435	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	4200	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	5845	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1040639	SalariesEtcPriorYear
Salaries Etc Current Year	870011	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	452472	OtherExpensePriorYear
Other Expenses Current Year	410018	OtherExpensesCurrentYear
Total Expenses Prior Year	1497311	TotalExpensesPriorYear
Total Expenses Current Year	1285874	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-377408	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	263561	RevenuesLessExpensesCY
Total Assets BOY	1468161	TotalAssetsBOY
Total Assets EOY	1473284	TotalAssetsEOY
Total Liabilities BOY	1035046	TotalLiabilitiesBOY
Total Liabilities EOY	630965	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	433115	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	842319	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	963059	Expense
Grants	5845	Grants
Description	PROVIDED PRIVATE SCHOOL FOR APPROXIMATELY 154 STUDENTS	Description
Total Program Service Expense	963059	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	true	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	65	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	8048995401	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
SARAH P SAVEDGE
CHAIRMAN	2.50	X	X	0	0	0
G HENRY GOODRICH
VICE CHAIR	2.50	X	X	0	0	0
MARTHA BURTON
DIRECTOR	2.50	X		0	0	0
CLINTON B FAISON
DIRECTOR	2.50	X		0	0	0
RAY PHILLIPS
DIRECTOR	2.50	X		0	0	0
WILLIAM D SCOTT
SECRETARY	2.50	X	X	0	0	0
RODNEY L TAYLOR
HEAD OF SCHO	40.00		X	66875	0	6825

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	66875	TotalReportableCompFromOrg
Total Other Compensation	6825	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	505793	AllOtherContributions
Noncash Contributions	70310	NoncashContributions
Total Contributions	505793	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
TUITION	611710	873179	873179
ACTIVITY ACCOUNTS	611710	39889		$39,889
TEXTBOOKS	611710	1367	1367

Field	Value	IRS element (for citing)
Total Program Service Revenue	914435	TotalProgramServiceRevenue

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	4950	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	4950	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	4950	TotalRevenueColumn
Exclusion	$4,950	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	71450	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	15833	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	55617	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	55617	TotalRevenueColumn
Related Or Exempt Function Income	55617	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	116384	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	49428	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	66956	TotalRevenueColumn
Exclusion	$66,956	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Business Code	611710	BusinessCode
Total Revenue Column	1684	TotalRevenueColumn
Related Or Exempt Function Income	1684	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	1684	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1549435	TotalRevenueColumn
Related Or Exempt Function Income	931847	RelatedOrExemptFunctionIncome
Exclusion	$111,795	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	5845	Total
Program Services	5845	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	66875	Total
Program Services	66875	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	686599	Total
Program Services	530013	ProgramServices
Management And General	156586	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	16397	Total
Program Services	12626	ProgramServices
Management And General	3771	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	42151	Total
Program Services	32456	ProgramServices
Management And General	9695	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	57989	Total
Program Services	44652	ProgramServices
Management And General	13337	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	14459	Total
Management And General	14459	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	31858	Total
Program Services	31858	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	93651	Total
Program Services	93651	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	39731	Total
Management And General	39731	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	79423	Total
Program Services	19205	ProgramServices
Management And General	60218	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
ATHLETIC DEPT. EXPENSE	41625	41625
TRANSPORTATION	30620	30620
BAD DEBTS	29818	29818
INSURANCE	25018		25018

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	23815	Total
Program Services	23815	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1285874	Total
Program Services	963059	ProgramServices
Management And General	322815	ManagementAndGeneral
Fundraising	0	Fundraising

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	56839	BOY
EOY	82772	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2621126	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1230614	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1411322	BOY
EOY	1390512	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1468161	BOY
EOY	1473284	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	176143	BOY
EOY	197200	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	20885	BOY
EOY	33175	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	838018	BOY
EOY	400590	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1035046	BOY
EOY	630965	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	341112	BOY
EOY	736641	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	92003	BOY
EOY	105678	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	433115	BOY
EOY	842319	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1468161	BOY
EOY	1473284	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	263561	ReconcilationRevenueExpenses
Reconcilation Other Changes	145643	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	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

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	50560	OtherCostOrOtherBasis
Book Value	50560	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1918374	OtherCostOrOtherBasis
Depreciation	578422	Depreciation
Book Value	1339952	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	652192	OtherCostOrOtherBasis
Depreciation	652192	Depreciation

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1390512	TotalOfBookValueLandBuildings
Tot Revenue Etc Audited Fincl Stmt	1730831	TotRevenueEtcAuditedFinclStmt
Other Revenues	181396	OtherRevenues
Revenue Not Rptd F990	181396	RevenueNotRptdF990
Revenue Subtotal	1549435	RevenueSubtotal
Total Revenue Per Form990	1549435	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1321627	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	35753	OtherExpensesIncluded
Expenses Not Rptd F990	35753	ExpensesNotRptdF990
Expenses Subtotal	1285874	ExpensesSubtotal
Total Expenses Per Form990	1285874	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	TIDEWATER ACADEMY, INC. AND TIDEWATER ACADEMY FOUNDATION, INC. ARE BOTH EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN UNEXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY THE SCHOOL HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS; HOWEVER, ANY PENALTIES AND INTEREST INCURRED AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN GENERAL ADMINISTRATION. THE SCHOOL'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2012, 2011, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 2D	TRANSFER FROM RELATED ENTITY 145,643 FUNDRAISING EXPENSE 49,428 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -13,675
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	FUNDRAISING EXPENSE 49,428 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -13,675

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 3	ReturnReference
Explanation	TIDEWATER ACADEMY ADMITS STUDENTS OF ANY RACE COLOR NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS PRIVILEGES PROGRAMS AND ACTIVITIES ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE COLOR NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES ADMISSIONS POLICIES OR THE ATHLETIC AND OTHER SCHOOLADMINISTERED PROGRAMS	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA AUCTION	NameOfEvent1
Gross Receipts Event1	52556	GrossReceiptsEvent1
Gross Revenue Event1	52556	GrossRevenueEvent1
Other Direct Expenses Event1	2187	OtherDirectExpensesEvent1
Name Of Event2	DELI	NameOfEvent2
Gross Receipts Event2	14891	GrossReceiptsEvent2
Gross Revenue Event2	14891	GrossRevenueEvent2
Other Direct Expenses Event2	11390	OtherDirectExpensesEvent2
Total Number Of Other Events	4	TotalNumberOfOtherEvents
Gross Receipts Other Events	43279	GrossReceiptsOtherEvents
Gross Revenue Other Events	43279	GrossRevenueOtherEvents
Other Direct Expenses Other Events	34612	OtherDirectExpensesOtherEvents
Gross Receipts Total	110726	GrossReceiptsTotal
Gross Revenue Total Events	110726	GrossRevenueTotalEvents
Other Direct Expenses Total Events	48189	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	48189	DirectExpenseSummaryEvents
Net Income Summary	62537	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	false	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	SCHOLARSHIP	TypeOfGrant
Number Of Recipients	2	NumberOfRecipients
Amount Of Cash Grant	5845	AmountOfCashGrant

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	RODNEY TAYLOR	NameOfInterestedPerson
Relationship With Organization	HEADMASTER OF SCHOOL	RelationshipWithOrganization
Amount Of Grant	6825	AmountOfGrant
Type Of Assistance	TUITION	TypeOfAssistance

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	4	NumberOfContributions
Noncash Contribs Rptd F990	70310	NoncashContribsRptdF990
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	COPY OF FORM 990 IS REVIEWED AT DIRECTOR'S MEETING
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS, POLICY STATEMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ACADEMY'S OFFICES
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	TRANSFER FROM RELATED ENTITY 145,643 FUNDRAISING EXPENSE 49,428 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -13,675 FUNDRAISING EXPENSE -49,428 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS 13,675
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	145,643 TRANSFER FROM RELATED PARTY

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY FOUNDATION INC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Field	Value	IRS element (for citing)
EIN	510423090	EIN
Primary Activities	CAPITAL	PrimaryActivities
Legal Domicile State	VA	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	PF	PublicCharityStatus
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	true	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	Q	TransactionType
Amount Involved	145643	AmountInvolved
Method Of Amt Determination	ACTUAL	MethodOfAmtDetermination