2014-03-14T15:37:56-05:00 2013-07-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2012-08-01 540618173 MOUNTAIN MISSION SCHOOL INC MOUN 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24641 CHRISTOPHER L SLONE 2769352954 2014-03-13 1 THOMAS S GREER P00067526 4232824511 2014-03-10 2012 2015-11-30 17:44:51Z CHRISTOPHER L SLONE 1760 EDGEWATER DRIVE GRUNDY VA 24641 2708070 0 X WWW.MOUNTAINMISSIONSCHOOL.ORG X 1921 VA THE CHILD OF POVERTY, NEGLECT OR ABUSE FINDS HOPE AND OPPORTUNITY AT MOUNTAIN MISSION SCHOOL. 9 9 62 2000 0 0 1621049 2184257 82947 67053 149306 276847 133241 127132 1986543 2655289 53366 39109 0 0 1558760 1465999 0 0 75874 2198926 2578315 3811052 4083423 -1824509 -1428134 18246280 17099326 279343 381076 17966937 16718250 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY PROVIDING A HOME, SCHOOL, AND CHURCH FOR CHILDREN WITH LEGITIMATE NEEDS. 0 0 2797218 39109 67053 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY (HOME, SCHOOL, AND CHURCH) FOR CHILDREN WITH LEGITIMATE NEEDS REGARDLESS OF THEIR RACE, COLOR, AGE AND CREED. THE SCHOOL OPERATES AS A NON-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF VIRGINIA. 2797218 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 5 0 1 62 1 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 VA X CHRISTOPHER L SLONE PRESIDENT 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 JAMES MARVIN SWINEY-080112 TO 0715 30.00 1.00 X X 21363 0 0 CHARLIECE S SWINEY-080112 TO 0715 30.00 X X 15807 0 0 LOIS CLARKE 1.00 1.00 X 0 0 0 O J GARDNER 1.00 1.00 X 0 0 0 LURTON LYLE 1.00 X 0 0 0 DAVID G MATNEY 1.00 X 0 0 0 JAMES W MCGLOTHLIN 1.00 1.00 X 0 0 0 AGNES M MULLINS 1.00 1.00 X 0 0 0 WILLIAM NEELEY 1.00 X 0 0 0 JOSEPH PARKER 1.00 X 0 0 0 MICHAEL QUILLEN 1.00 X 0 0 0 JOE D SLONE 1.00 1.00 X 0 0 0 JOHN E DEGAFFERELLY 1.00 X 0 0 0 CHRISTOPHER L SLONE 50.00 X 33670 0 0 CHRIS A MITCHELL-111212 TO PRESENT 50.00 X 10292 0 0 ERNEST R HERTZOG 50.00 X 26971 0 0 CYNTHIA S RODDA-RESIGNED 123111 50.00 X 52500 0 0 160603 0 0 0 0 0 0 MORRISON MANAGEMENT SPECIALISTS P O BOX 102289 ATLANTA GA 303682289 FOOD SERVICE 402389 1 138470 2045787 51404 2184257 OTHER INCOME 611710 47940 47940 STUDENT FEES 611710 9683 9683 ROOM AND BOARD 611710 9430 9430 67053 155347 155347 127132 0 127132 127132 127132 174281 52781 121500 121500 121500 2655289 67053 0 403979 39109 39109 150331 26971 123360 825917 661543 94374 70000 441686 23410 418276 48065 48065 32875 32875 17818 17818 55486 6927 48559 5403 2702 2701 70731 43402 27329 43099 43099 349920 307010 42910 21135 18957 2178 875995 613196 262799 63260 44282 18978 FOOD SERVICES 506040 506040 MAINTENANCE - BUILDING 163241 133019 30222 INSTRUCTION - OTHER EXP 103804 103804 VEHICLES 50283 35198 15085 219225 188549 24802 5874 4083423 2797218 1210331 75874 550567 500463 472336 290122 400000 7338 18623 10909 24880048 10785822 14306294 14094226 2898460 1796268 18246280 17099326 279343 381076 279343 381076 X 16766620 15031799 673429 1006326 526888 680125 17966937 16718250 18246280 17099326 X -1428134 179448 -1 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10428659 454250 1307488 -121653 12068744 10112154 316505 10428659 0.89580 0.10180 0.00230 0 0 5281450 5281450 14157336 7511591 6645745 1908553 1458744 449809 3532709 1815487 1717222 14094226 CASH 111538 F FIXED INCOME 104189 F MUTUAL FUNDS 1308228 F CORPORATE STOCKS 138999 F REAL ESTATE AND TANGIBLES 76052 F HEDGE FUNDS 57262 F 1796268 X 4183884 179448 1487619 1667067 2516817 138472 138472 2655289 4083504 81 81 4083423 0 4083423 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNRESTRICTED ENDOWMENTS ARE FOR GENERAL USE. THE TEMPORARILY RESTRICTED ENDOWMENTS ARE RESTRICTED FOR SCHOLARSHIPS. THE PERMANENTLY RESTRICTED ENDOWMENTS ARE FOR STAFF AND GENERAL USE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: NOTE 1 - TAX EXEMPT STATUS AND UNCERTAIN TAX POSITIONS THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. THE SCHOOL FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JULY 31, 2013, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JULY 31, 2013. GENERALLY, THE TAX YEARS BEFORE 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 1,487,619. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION THAT 138,470. WAS ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS ROUNDING 2. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF MOUNTAIN MISSION ENDOWMENT FOUNDATION 81. 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 MOUNTAIN MISSION SCHOOL'S ADVERTISEMENTS EXPRESS THE SCHOOL'S INTENT TO PROVIDE EDUCATION FOR STUDENTS IN FINANCIAL NEED REGARDLESS OF RACE. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING MOUNTAIN MISSION SCHOOL IN BUCHANAN COUNTY, VIRGINIA. 54 39109 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: COLLEGE TUITION: DURING THE 2012-2013 SCHOOL YEAR, MOUNTAIN MISSION SCHOOL HAD TWO STUDENTS WHO HAD GRADUATED FROM THE SCHOOL LIVING ON CAMPUS AND ATTENDING THE COMMUNITY COLLEGE. THE SCHOOL PAID FOR THEIR TUITION AND BOOKS. STUDENTS WHO RECEIVED FINANCIAL AID REIMBURSED THE SCHOOL FOR THESE COSTS. ALSO REPRESENTED IN THE COLLEGE TUITION CATEGORY ARE THE COSTS FOR THE HIGH SCHOOL DUAL-ENROLLMENT COURSES WITH SOUTHWEST VIRIGINIA COMMUNTIY COLLEGE. MOUNTAIN MISSION SCHOOL PAYS THE TUITION TO THE COLLEGE, AND THEN A SUBSTANTIAL PORTION IS RETURNED TO THE SCHOOL FROM THE COLLEGE AS A REIMBURSEMENT. SCHOLARSHIPS: MOUNTAIN MISSION SCHOOL DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED ANNUALLY DURING CLASS NIGHT PRIOR TO GRADUATION. SCHOLARSHIPS ARE PAYABLE DIRECTLY TO THE COLLEGE THE STUDENT ATTENDS. IN SOME CASES THE SCHOLARSHIP MAY BE USED TO PURCHASE A COMPUTER REQUIRED FOR STUDIES OR USED TOWARD STUDY ABROAD THROUGH THE STUDENT'S COLLEGE. IN BOTH CASES FUNDS ARE MADE PAYABLE TO THE PROVIDER OF THE GOODS. SCHOLARSHIPS ARE NOT DISBURSED DIRECTLY TO THE STUDENT. MOUNTAIN MISSION SCHOOL'S PROCEDURES FOR MONITORING SCHOLARSHIP FUNDS ARE AS FOLLOWS. THE SCHOOL HAS A SCHOLARSHIP COMMITTEE WHO REPORTS TO THE SCHOOL PRESIDENT. THIS COMMITTEE IS CHARGED WITH THE GRANTING OF SCHOLARSHIPS, AND THE SCHOOL'S ADMINISTRATIVE OFFICE OVERSEES THEIR DISBURSEMENT. ALL TRANSACTIONS ARE DOCUMENTED. AN AUDIT IS PERFORMED ANNUALLY BY THE SCHOOL'S INDEPENDENT AUDITORS. CYNTHIA S RODDA PAST PRESIDENT 32500 CYNTHIA S. RODDA IS THE PAST PRESIDENT OF THE SCHOOL. HER HUSBAND, WILLIAM S. RODDA, IS AN EMPLOYEE OF THE SCHOOL. HIS GROSS SALARY FOR THE 2012 CALENDAR YEAR WAS $32,500. 0 CHRISTOPHER L SLONE PRESIDENT 15080 CHRISTOPHER L. SLONE IS THE PRESIDENT OF THE SCHOOL. HIS WIFE, SUSAN SLONE, IS THE ASSISTANT TO THE PRESIDENT. HER GROSS SALARY FOR THE 2012 CALENDAR YEAR WAS $15,080. 0 X 1 51292 CLOSING STOCK PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES MARVIN SWINEY, CHAIRMAN, AND CHARLIECE S. SWINEY, SECRETARY AND TREASURER, ARE HUSBAND AND WIFE. BOTH RESIGNED 07/15/13. CYNTHIA S. RODDA, PAST PRESIDENT, IS THEIR DAUGHTER. SHE RESIGNED 12/31/11. LOIS CLARKE, TRUSTEE, IS AN EMPLOYEE OF JAMES W. MCGLOTHLIN, TRUSTEE. JOE D. SLONE, TRUSTEE, IS THE FATHER OF CHRISTOPHER L. SLONE, PRESIDENT. SUSAN SLONE, ASSISTANT TO THE PRESIDENT, IS THE WIFE OF CHRISTOPHER L. SLONE, PRESIDENT. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE. THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF ALL EXECUTIVE MANAGEMENT PERSONNEL IS SET BY THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE FILED WITH THE STATE OF VIRGINIA. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ROUNDING -1. MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 1760 EDGEWATER DRIVE GRUNDY VA 24614 541747332 CONDUCT AND SUPPORT ACTIVITIES FBO MOUNTAIN MISSION SCHOOL, INC. VA 501(C)(3) LINE 11B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION C 138470 CASH RECEIVED