2014-02-15T15:10:29-06:00 2013-06-30 581460137 WILLIAMS BENATOR & LIBBY LLP 1040 CROWN POINTE PKWY 400 ATLANTA GA 30338 990 2012-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON 7706710085 2014-02-11 1 KEVIN J HEDRICK CPA P00294030 7705120500 2014-02-07 2012 2015-11-30 17:44:51Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 20812382 0 X WWW.DAVISACADEMY.ORG X 1992 GA TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA: KINDERGARTEN PREP THROUGH EIGHTH GRADE. IN A NURTURING, SECURE ENVIRONMENT, INSTRUCTED BY A FACULTY DEDICATED TO EXCELLENCE, CHILDREN ARE ENCOURAGED TO REACH THEIR HIGHEST POTENTIAL. THE DAVIS ACADEMY STRIVES TO CREATE A COMMUNITY IN WHICH CHILDREN DEVELOP A LIFE-LONG LOVE FOR LEARNING AND A COMMITMENT TO JEWISH LIFE FOUNDED ON MORALS, VALUES, AND ETHICS, GROUNDED IN TORAH. 35 35 175 300 19493 -36007 1333295 2063171 11442609 12028620 589357 359763 23568 -8328 13388829 14443226 1464677 1522691 0 0 6945977 6759028 0 0 331654 3811281 3791417 12221935 12073136 1166894 2370090 38056022 40409382 18105936 17654727 19950086 22754655 REFER TO FORM 990, PART I, LINE 1 0 0 7462207 1522691 12028620 THE CORPORATION OPERATED AS A NON-PROFIT ELEMENTARY SCHOOL. 7462207 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 175 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X BONNIE VAVRA 6785273285 8105 ROBERTS DRIVE ATLANTA GA 30350 SAM L TUCK 0.00 X X 0 0 0 TONIA SELLERS 0.00 X X 0 0 0 MARK KOPKIN 0.00 X X 0 0 0 TOBY SIDMAN 0.00 X X 0 0 0 DEBBIE KURZWEIL 0.00 X X 0 0 0 MELINDA COBB 0.00 X X 0 0 0 STEVEN RAU 0.00 X X 0 0 0 BILLIE GREENBERG 0.00 X 0 0 0 KEVIN ABEL 0.00 X 0 0 0 ROBBIE FRIEDMANN 0.00 X 0 0 0 BETH WARNER 0.00 X 0 0 0 MARA BERMAN 0.00 X 0 0 0 ANN DAVIS 0.00 X 0 0 0 JEANNIE DIAMOND 0.00 X 0 0 0 JAN EPSTEIN 0.00 X 0 0 0 ELLEN GOLDSTEIN 0.00 X 0 0 0 LISA HAYNOR 0.00 X 0 0 0 JANET SELIG 0.00 X 0 0 0 JEFF HOPKINS 0.00 X 0 0 0 CAROL RUBIN 0.00 X 0 0 0 BILL ROTHSCHILD 0.00 X 0 0 0 ALAN ROSENBERG 0.00 X 0 0 0 MARK EDELSTEIN 0.00 X 0 0 0 KARYN LIPSKY 0.00 X 0 0 0 DINA GERSON 0.00 X 0 0 0 JON LEVEN 0.00 X 0 0 0 LORI KAGAN SCHWARZ 0.00 X 0 0 0 LAUREN SIDMAN 0.00 X 0 0 0 ELIZABETH LIEBERMAN 0.00 X 0 0 0 LYNDA WALKER 0.00 X 0 0 0 DICK WILSON 0.00 X 0 0 0 STEPHEN A WINTER 0.00 X 0 0 0 ALLAN J ZACHARIAH 0.00 X 0 0 0 SHERI PANOVKA 0.00 X 0 0 0 DULCY ROSENBERG 0.00 X 0 0 0 DEAN BENAMY 0.00 X 0 0 0 BRYAN FIELDS 0.00 X 0 0 0 CAROL NEMO 0.00 X 0 0 0 BENJAMIN SILLINS 0.00 X 0 0 0 JAY DAVIS 0.00 X 0 0 0 WILLIAM BREMAN 0.00 X 0 0 0 SIDNEY KIRSCHNER 1.00 X 40414 0 0 AMY SHAFRON 40.00 X 262765 0 29309 BONNIE VAVRA 40.00 X 156032 0 7964 ANDREW FRANK 40.00 X 158286 0 11706 617497 0 48979 3 0 1 0 TONY & SYLVIA ENTERPRISES 5224 PINNACLE CT NORCROSS GA 30071 JANITORIAL & CLEANING 255165 CDW GOVERNMENT INC 75 REMITTANCE DR CHICAGO IL 60675 IT SERVICES 199965 TRAVELAND INC 878 BRIDGEPORT AVE SHELTON CT 06484 TRAVEL AGENCY 141256 THE GOODFRIEND COMPANY 5342 TILLY MILL RD DUNWOODY GA 30338 CATERING 130755 TOWER INTERIOR CONSTRUCTION INC 4945 WINTERS CHAPEL ROAD DORAVILLE GA 30360 CONSTRCUTION 127040 5 398285 1664886 2063171 TUITION AND FEES 611110 12010353 12010353 MISCELLANEOUS PROGRAM SERVICE REV 611110 16481 16481 YEARBOOK REVENUE 611110 1786 1786 12028620 347870 347870 32388 0 32388 32388 19493 12895 6260048 6244047 4108 16001 -4108 11893 11893 80285 398285 121001 -40716 -40716 14443226 12028620 19493 331942 1522691 1522691 626062 169992 397655 58415 4872019 3982746 764484 124789 1260947 953561 238307 69079 13896 13896 54540 54540 63576 63576 41105 38522 2583 93465 984 92481 58346 15158 43188 232054 232054 43177 11803 31374 514827 514827 933306 933306 95294 95294 FIELD TRIPS 362024 362024 CLEANING SERVICE CONTRA 306111 306111 SUPPLIES 119392 119392 MISCELLANEOUS EXPENSE 106334 42153 64181 753970 323856 417507 12607 12073136 7462207 4279275 331654 1971243 1347245 8136090 11244062 75843 444423 71299 93291 150705 186205 26823618 9484196 18273205 17339422 9290602 9533335 87035 221399 38056022 40409382 708794 776873 4762250 4921854 10925000 10590000 1709892 1366000 18105936 17654727 X 14455775 16735070 4724338 5143352 769973 876233 19950086 22754655 38056022 40409382 X 2370090 862376 -427897 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18 146260 1177638 1 1 2937476 146260 343690 15755 3411671 2865470 53253 33035 14282 2937476 2418680 17936 442482 13628 2865470 2116607 28418 285835 12180 2418680 2645071 3334 -520908 10890 2116607 0.65480 0.25680 0.08830 1 0 2226200 2226200 19735095 6330798 13404297 955639 412610 543029 3696303 2531455 1164848 210381 209333 1048 17339422 INVESTMENT - AJF ENDOWMENT 2234031 F INVESTMENT - AJF BREMAN LIBRARY 18186 F INVESTMENT - AJF NEMO SCHOLARSHIP 70401 F INVESTMENT - AJF BLANTON SCHOLARSHIP 17659 F INVESTMENT - AJF BUNIN, GOODMAN AND ACZEL 43846 F INVESTMENT - AJF BENAMY 33380 F INVESTMENT - AJF DAVIS SCHOLARSHIP 100720 F AJF - EPSTEIN/NEMO ISRAEL SCHOLARSHIP 24820 F INVESTMENT - AJF KANFER SCHOLARSHIP 21053 F INVESTMENT - HARRIET ZOLLER FINE ARTS FUND 52410 F BARKAN FAMILY FUND 30588 F CARY & KRISTI SIEGEL FAMILY FUND 22295 F EMMIE & LEONARD STEIN SCHOLAR FUND 59655 F SYLVIA & BERNARD SOBERMAN MEM FUND 13954 F EXCELLENCE IN EDUCATION ENDOWMENT FUND 123779 F RABBI PHILLIP KRANZ ENDOWMENT FUND 227839 F SIDNEY KIRSCHNER ANNUAL MUSIC PROD FUND 116222 F ROSENBERG FAMILY OF FINE ARTS ENDOWMENT 30765 F INVESTMENT ACCOUNT - CAP CAMP ACCOUNT 3539634 F DAVIS ACADEMY CCC RR FUND - AJF 682362 F PEGGY GREENBAUM FUND 136215 F DULCY & JERRY ROSENBERG SCHOLARSHIP FUND 29370 F WACHOVIA CAPITAL RESERVE 1904151 F 9533335 TAXABLE BOND PAYABLE 1366000 1366000 X 13844189 862376 125109 987485 12856704 63576 1522946 1586522 14443226 10611723 125109 125109 10486614 63576 1522946 1586522 12073136 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY FOLLOWS CURRENT ACCOUNTING GUIDANCE ON "ACCOUNTING FOR UNCERTAINTY IN INCOME TAX". IT PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A COMPANY'S INCOME TAX RETURNS, INCLUDING TAXES ON UNRELATED BUSINESS INCOME EARNED BY NOT-FOR-PROFIT ORGANIZATIONS, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE. THE FISCAL YEARS 2010 TO 2013 REMAIN OPEN TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS TO WHICH THE ACADEMY IS SUBJECT. THE ACADEMY HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS RELATED TO YEARS OPEN TO EXAMINATION THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 121,001. LOSS ON DISPOSAL OF FIXED ASSETS 4,108. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 255. TUITION ASSISTANCE 1,522,691. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 121,001. LOSS ON DISPOSAL OF FIXED ASSETS 4,108. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 255. TUITION ASSISTANCE 1,522,691. 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 POLICY IS PUBLICIZED ON APPLICATION MATERIALS WHICH IS PROVIDED ALONG WITH AN INFORMATION PACKAGE FOR ALL INTERESTED PARTIES. GOLF TOURNAMENT 194577 145540 49037 43203 11035 DINNER OF HONOR 283993 252745 31248 41597 25166 478570 398285 80285 84800 36201 121001 -40716 0 FINANCIAL ASSISTANCE AS A REDUCTION IN TUITION 203 1522691 AMOUNT OF REDUCTION IN TUITION REDUCTION IN TUITION COST FROM NON-CASH FINANCIAL ASSISTANCE X 1 1 X 0 0 0 0 0 0 0 0 0 AMY SHAFRON 230265 0 32500 0 0 0 11513 0 17796 0 292074 0 112500 0 BONNIE VAVRA 141032 0 15000 0 0 0 7052 0 912 0 163996 0 70516 0 ANDREW FRANK 131164 0 10000 0 17122 0 6558 0 5148 0 169992 0 65582 0 PART I, LINE 1A SIDNEY KIRSCHNER, A TRUSTEE, RECEIVED A W-2 WHICH INCLUDES PAYROLL TAXES TO COVER REPORTABLE TAXABLE FRINGE BENEFITS ASSOCIATED WITH TUITION ASSISTANCE. SIDNEY KIRSCHNER PRIOR HEAD OF SCHOOL 18306 TUITION ASSISTANCE DREW FRANK LOWER SCHOOL PRINCIPAL 16494 TUITION ASSISTANCE FORM 990, PART VI, SECTION B, LINE 11 THE BOARD PRESIDENT, HEAD OF SCHOOL AND CFO REVIEW THE RETURN IN DETAIL PRIOR TO FILING, AND A COPY IS PROVIDED FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS BOARD MEMBERS AND OFFICERS READ AND SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ THE POLICIES AND PROCEDURES AND THAT NO CONFLICTS EXIST. SHOULD CONFLICTS ARISE, THE ISSUES ARE DISCUSSED AND RESOLVED BY AN INDEPENDENT COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CFO COMPENSATION BY CEO IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND KEY EMPLOYEE COMPENSATION DETERMINED BY THE CEO AND CFO IN CONSULTATION WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THESE ITEMS ARE MADE AVAILABLE AT THE ORGANIZATION OFFICES UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 8 DURING THE YEAR ENDED JUNE 30, 2013, THE ACADEMY'S MANAGEMENT DISCOVERED THAT PREVIOUSLY ISSUED FINANCIAL STATEMENTS CONTAINED TWO ERRORS. LAND OF $1,480,000 THAT HAD BEEN ACQUIRED DURING OCTOBER 1999 HAD BEEN IMPROPERLY CLASSIFIED AS A BUILDING AND WAS BEING DEPRECIATED OVER 40 YEARS. IN ADDITION, A BUILDING OF $1,320,000 THAT WAS ACQUIRED WITH THE LAND, AND THEN DEMOLISHED DURING 2003, HAD NOT BEEN WRITTEN OFF IN THE ACADEMY'S FINANCIAL RECORDS AND HAD CONTINUED TO BE DEPRECIATED THROUGH JUNE 30, 2012. THE EFFECT OF THESE ERRORS AS OF JUNE 30, 2012 WAS AN OVERSTATEMENT OF PROPERTY AND EQUIPMENT AND UNRESTRICTED NET ASSETS OF $427,897. DEPRECIATION EXPENSE FOR THE YEAR ENDED JUNE 30, 2012 WAS OVERSTATED BY $69,801, THEREBY UNDERSTATING THE INCREASE IN NET ASSETS FOR THE YEAR ENDED JUNE 30,2012 BY THE SAME AMOUNT.