THE CORNERSTONE CHRISTIAN ACADEMY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE CORNERSTONE CHRISTIAN ACADEMY (EIN 23-2499985)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-08
- IRS object ID
- 201300089349300800
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-08T10:29:59-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231909723 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCKONLY & ASBURY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 415 FALLOWFIELD ROAD | AddressLine1 |
| City | CAMP HILL | City |
| State | PA | State |
| ZIP Code | 17011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232499985 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORNERSTONE CHRISTIAN ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CORN | NameControl |
| Phone | 6105394136 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1939 S 58TH STREET | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19143 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DENNY HORNER | Name |
| Title | TREASURER | Title |
| Phone | 6105394136 | Phone |
| Date Signed | 2012-12-20 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARY J DUBAS | Name |
| PTIN | P00252339 | PTIN |
| Phone | 7177617910 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DENNY HORNER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 186 S MIDLAND AVE | AddressLine1 |
| City | AUDUBON | City |
| State | PA | State |
| ZIP Code | 19403 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1618677 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CORNERSTONEPHILADELPHIA.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1987 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 46 | TotalNbrEmployees |
| Total Nbr Volunteers | 35 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 992686 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1077794 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 483708 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 484775 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 43 | InvestmentIncomePriorYear |
| Investment Income Current Year | 689 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 37593 | OtherRevenuePriorYear |
| Other Revenue Current Year | 55419 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1514030 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1618677 | 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 | 1176725 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1204905 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 8501 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 363076 | OtherExpensePriorYear |
| Other Expenses Current Year | 399762 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1539801 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1604667 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -25771 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 14010 | RevenuesLessExpensesCY |
| Total Assets BOY | 1116210 | TotalAssetsBOY |
| Total Assets EOY | 1128885 | TotalAssetsEOY |
| Total Liabilities BOY | 470592 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 470577 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 645618 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 658308 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1025260 | Expense |
| Revenue | 540194 | Revenue |
| Description | TO EDUCATE CHILDREN, INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. PROVIDED OVER $700,000 OF FINANCIAL AID TO EDUCATIONAL NEEDS OF INTER CITY CHILDREN FROM LOW INCOME FAMILIES. THE BOARD OF TRUSTEES HAD APPROVED A CAPITAL IMPROVEMENT PLAN TO THE SCHOOL'S FACILITIES. HOWEVER, DUE TO THE CURRENT ECONOMIC ENVIRONMENT, THE BOARD OF TRUSTEES HAS PUT THE PROJECT ON HOLD. AT THE BEGINNING OF THE SCHOOL YEAR 2011/12, 202 STUDENTS HAVE BEEN ENROLLED. | Description |
| Total Program Service Expense | 1025260 | 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 | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | 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 | 0 | 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 | 0 | 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 | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 46 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | 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 | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | 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 | BUSINESS MANAGER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6105394136 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 186 S MIDLAND AVE | AddressLine1 |
| City | AUDUBON | City |
| State | PA | State |
| ZIP Code | 19403 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| WILLIAM P SIMON JR | ||||||
| BOARD CHAIR | 0.30 | X | 0 | 0 | 0 | |
| DENNIS HORNER | ||||||
| TREASURER | 5.00 | X | 0 | 0 | 0 | |
| MARY CLAMPET | ||||||
| SECRETARY | 0.30 | X | 0 | 0 | 0 | |
| REV DR ANITA M BELL | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| RONALD BOND | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| VERN BURLING | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| MAROSSA DAVIS | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| KENNETH C FRAZIER ESQ | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| WAYNE GEISSER | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| CYNTHIA HANSCOM | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| DARYL MARTINO | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| JAMES W SUMMERS | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| PETER GRIM | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| REBECCA CLAYTON ESQ | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| JAMES RUSH | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| WILLIAM HARRISON | ||||||
| BOARD MEMBER | 0.30 | X | 0 | 0 | 0 | |
| NORMA HORNER | ||||||
| BUSINESS MANAGER | 40.00 | 34088 | 0 | 4799 | X | |
| RHONDA ROBERTS | ||||||
| OFFICE MANAGER | 40.00 | 41180 | 0 | 0 | X | |
| DEBORAH LEE | ||||||
| PRINCIPAL | 40.00 | 47565 | 0 | 2532 | X | |
| RICHARD R OLLINGER | ||||||
| PRESIDENT/CEO | 40.00 | 74800 | 0 | 10200 | X | |
| CHRISTOPHER M PETERSEN | ||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | 63356 | 0 | 1289 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 260989 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 18820 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1077794 | AllOtherContributions |
| Total Contributions | 1077794 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 483831 | 483831 |
| FOOD PLAN | 900099 | 944 | 944 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 484775 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 689 | TotalRevenueColumn |
| Exclusion | $689 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 55419 | TotalRevenueColumn |
| Related Or Exempt Function Income | 55419 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 55419 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1618677 | TotalRevenueColumn |
| Related Or Exempt Function Income | 540194 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $689 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280608 | Total |
| Program Services | 188637 | ProgramServices |
| Management And General | 91971 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 924297 | Total |
| Program Services | 621353 | ProgramServices |
| Management And General | 302944 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14738 | Total |
| Program Services | 7369 | ProgramServices |
| Management And General | 7369 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49114 | Total |
| Program Services | 24557 | ProgramServices |
| Management And General | 24557 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124645 | Total |
| Program Services | 65323 | ProgramServices |
| Management And General | 59322 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11954 | Total |
| Management And General | 11954 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34679 | Total |
| Program Services | 17340 | ProgramServices |
| Management And General | 17339 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31398 | Total |
| Program Services | 15699 | ProgramServices |
| Management And General | 15699 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| BAD DEBT | 39751 | 39751 | |
| STUDENT TRIPS | 24705 | 24705 | |
| SUPPLIES | 18328 | 18328 | |
| MISCELLANEOUS | 14680 | 14680 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35770 | Total |
| Program Services | 27269 | ProgramServices |
| Fundraising | 8501 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1604667 | Total |
| Program Services | 1025260 | ProgramServices |
| Management And General | 570906 | ManagementAndGeneral |
| Fundraising | 8501 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58604 | BOY |
| EOY | 88565 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91 | BOY |
| EOY | 3003 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10254 | BOY |
| EOY | 6655 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18192 | BOY |
| EOY | 10320 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1452306 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 519369 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 940344 | BOY |
| EOY | 932937 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88725 | BOY |
| EOY | 87405 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1116210 | BOY |
| EOY | 1128885 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152375 | BOY |
| EOY | 166353 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31342 | BOY |
| EOY | 28599 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 211875 | BOY |
| EOY | 200625 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75000 | BOY |
| EOY | 75000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 470592 | BOY |
| EOY | 470577 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 420239 | BOY |
| EOY | 400106 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175379 | BOY |
| EOY | 208202 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000 | BOY |
| EOY | 50000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 645618 | BOY |
| EOY | 658308 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1116210 | BOY |
| EOY | 1128885 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 14010 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1320 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 84035 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -1320 | InvestmentEarningsOrLosses |
| End Of Year Balance | 82715 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 65997 | BeginningOfYearBalance |
| Contributions | 4198 | Contributions |
| Investment Earnings Or Losses | 14393 | InvestmentEarningsOrLosses |
| Administrative Expenses | 553 | AdministrativeExpenses |
| End Of Year Balance | 84035 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 58897 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 7518 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 418 | GrantsOrScholarships |
| End Of Year Balance | 65997 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 70759 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -11514 | InvestmentEarningsOrLosses |
| Administrative Expenses | 348 | AdministrativeExpenses |
| End Of Year Balance | 58897 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.60000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.40000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16875 | OtherCostOrOtherBasis |
| Book Value | 16875 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 574121 | OtherCostOrOtherBasis |
| Depreciation | 226959 | Depreciation |
| Book Value | 347162 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 544493 | OtherCostOrOtherBasis |
| Depreciation | 156806 | Depreciation |
| Book Value | 387687 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 144055 | OtherCostOrOtherBasis |
| Depreciation | 103488 | Depreciation |
| Book Value | 40567 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 172762 | OtherCostOrOtherBasis |
| Depreciation | 32116 | Depreciation |
| Book Value | 140646 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 932937 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| BENEFICIAL INTEREST IN ENDOWMENT FUND | 82715 |
| SECURITY DEPOSIT | 4690 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 87405 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LINE OF CREDIT | Description |
| Amount | $75,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 75000 | TotalOfAmounts |
| Total Revenue | 1618677 | TotalRevenue |
| Total Expenses | 1604667 | TotalExpenses |
| Excess Or Deficit For Year | 14010 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1320 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -1320 | TotalAdjustments |
| Excess Or Deficit Per FS | 12690 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1617357 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1320 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -1320 | RevenueNotRptdF990 |
| Revenue Subtotal | 1618677 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1618677 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1604667 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1604667 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1604667 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | BENEFICIAL INTEREST IN ENDOWMENT FUND IN MAY 2000, THE ACADEMY ENTERED INTO A BENEFICIAL INTEREST IN ENDOWMENT FUND (THE FUND) VIA AN IRREVOCABLE AGREEMENT WITH THE PHILADELPHIA FOUNDATION (THE FOUNDATION), A NON-RELATED ENTITY. THE ORIGINAL AGREEMENT STATED THAT THE FOUNDATION IS TO RETAIN AND REINVEST 100% OF THE INCOME ANNUALLY UNTIL THE FUND REACHED $300,000. THE FOUNDATION LOWERED THE REQUIREMENT ON THE SCHOOL'S BENEFICIAL INTEREST IN ENDOWMENT FUND RESTRICTION FROM $300,000 TO $50,000 IN FEBRUARY 2010, THEREBY PERMITTING THE SCHOOL TO RECEIVE DISTRIBUTIONS FROM THE FUND. THE SPENDING RATE IN EFFECT WHEN THE FUND DOES REACH $50,000 PROVIDES THE FOUNDATION TO ANNUALLY DISBURSE 5% OF THE AVERAGE QUARTERLY VALUE OF THE FUND. DISTRIBUTIONS FROM THE FUND SHALL BE USED FOR GENERAL OPERATIONAL EXPENSES, WHICH INCLUDES, BUT IS NOT LIMITED TO, STUDENT FINANCIAL AID, CAPITAL IMPROVEMENTS, AND CURRICULUM DEVELOPMENT. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ACADEMY ADHERES TO THE PROVISIONS OF FASB ASC 740, INCOME TAXES (ASC 740). ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS TAKEN IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). ASC 740 MANDATES THAT COMPANIES EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. A COMPANY CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E., MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON ITS TECHNICAL MERITS. FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, THE ACADEMY HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE MORE LIKELY THAN NOT THRESHOLD. AS A RESULT, NO AMOUNT FOR UTPS HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2009. |
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 | 0 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 0 | 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 | 0 | 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 PURPOSE OF THE SCHOOL IS TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT. |
| EXPLANATION OF DOCUMENT RETENTION | SCHEDULE E, PART I, LINE 4 | ALL STUDENTS ARE GIVEN THE SAME CONSIDERATIONS AND ALL THE STUDENTS ARE OF THE SAME RACE, WITH FEW EXCEPTIONS OVER THE YEARS. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE BUSINESS MANAGER, NORMA HORNER IS THE WIFE OF THE TREASURER, DENNIS HORNER. | |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY MAJOR DECISIONS BY MANAGEMENT MUST GET APPROVED BY THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE TREASURER. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FINAL COPY OF THE IRS FORM 990 AND RELATED SCHEDULES AND THE FINAL COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH EMPLOYEES AND BOARD MEMBERS. NEW BOARD MEMBERS ARE INFORMED OF THE POLICY WHEN THEY JOIN THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION IS REVIEWED ANNUALLY BY THE FULL BOARD OF TRUSTEES. THE BOARD USES COMPARABILITY DATA FROM THE "EVANGELICAL COUNCIL OF FINANCIAL ACCOUNTABILITY", THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL (ACSI), AND THE PHILADELPHIA ASSOCIATION OF INDEPENDENT SCHOOL BUSINESS OFFICERS (PAISBOA). | |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON WRITTEN REQUEST. THEY MAY ALSO VIEW THE POLICY IN THE OFFICE OF MANAGEMENT. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,320. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, 2C | THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
Comments