2013-11-14T08:13:10-06:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 33801 990 2012-07-01 592298398 THE VANGUARD SCHOOL OF LAKE WALES FLORIDA INC VANG 8636766091 22000 HIGHWAY 27 LAKE WALES FL 33859 CATHY WOOLEY-BROWN 8636766091 2013-11-12 1 TORI LEHMAN P00313085 8636805600 2013-11-04 2012 2016-02-24 21:20:13Z CATHY WOOLEY-BROWN 22000 HIGHWAY 27 LAKE WALES FL 33859 5571379 0 X WWW.VANGUARDSCHOOL.ORG X 1983 FL THE MISSION OF THE VANGUARD SCHOOL IS TO PROVIDE AN INDIVIDUALIZED PROGRAM OF INSTRUCTION IN A NURTURING ENVIRONMENT WHICH ENABLES OUR STUDENTS TO DEVELOP TO THEIR FULLEST CAPABILITY. 14 14 82 0 0 0 712643 652454 4039122 4733723 60428 80843 129092 89271 4941285 5556291 572410 529497 0 0 2670070 2702000 0 0 83332 1998978 2004056 5241458 5235553 -300173 320738 11024459 11912753 3027574 2995190 7996885 8917563 THE MISSION OF THE VANGUARD SCHOOL IS TO PROVIDE AN INDIVIDUALIZED PROGRAM OF INSTRUCTION IN A NURTURING ENVIRONMENT WHICH ENABLES OUR STUDENTS TO DEVELOP TO THEIR FULLEST CAPABILITY. 0 0 4136326 529497 4733723 PROVIDED PRIMARY & SECONDARY EDUCATION TO 135 STUDENTS WITH LEARNING DISABILITIES. 4136326 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 82 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARIA HEWITT 8636766091 22000 HIGHWAY 27 LAKE WALES FL 33859 LYNN BROCKELMAN 1.00 X 0 0 0 MARTHA CARTER 1.00 X 0 0 0 ARNOLD HAYNES 1.00 X 0 0 0 ROYCE GODWIN 1.00 X 0 0 0 HOWARD I KAY 1.00 X 0 0 0 MAX LINTON 1.00 X 0 0 0 JOANN MCKENNA 1.00 X 0 0 0 FREDERICK J MURPHY JR ESQUIRE 1.00 X 0 0 0 TOM OWEN 1.00 X 0 0 0 VIOLETA SALUD 1.00 X 0 0 0 ALICIA L SENTNER CPA 1.00 X 0 0 0 LYNN B SHELTON 1.00 X 0 0 0 DALE SIMMONS 1.00 X 0 0 0 JOHN A STEWART 1.00 X 0 0 0 CATHY WOOLEY-BROWN 75.00 X 82500 0 180073 MARIA HEWITT 40.00 X 71820 0 3366 154320 0 183439 0 0 1 0 ESTATE BUILDING SERVICE 333 NW 1ST AVE FORT LAUDERDALE FL 33308 MAINTENANCE 294449 1 652454 652454 TUITION & FEES 611110 4481845 4481845 SUMMER CAMP REVENUE 611110 251878 251878 4733723 88238 88238 17202 0 17202 17202 17202 7395 -7395 -7395 -7395 57975 7693 50282 50282 OTHER REVENUE 611110 21787 21787 21787 5556291 4733723 0 170114 529497 529497 337760 250077 77550 10133 1876638 1389462 430877 56299 52699 39018 12100 1581 269616 199624 61904 8088 165287 122378 37950 4959 14500 14500 91958 36946 55012 17669 15397 2272 122747 58152 64595 30245 20408 9837 721740 630223 91517 29958 26963 2995 56452 56452 297680 267912 29768 PROGRAM EXPNESES 511528 511528 OTHER EXPENSES 73822 18381 55441 BAD DEBT EXPENSE 35757 35757 5235553 4136326 1015895 83332 442298 396849 243994 486820 236094 214966 63843 85853 9224541 4557059 4827818 4667482 5210412 6060783 11024459 11912753 1324756 1530780 652818 414410 1050000 1050000 3027574 2995190 X 7862274 8688069 134611 229494 7996885 8917563 11024459 11912753 320738 599940 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 102792 102792 7898204 3596618 4301586 1223545 960441 263104 4667482 X 5634427 599940 7693 607633 5026794 529497 529497 5556291 4713749 7693 7693 4706056 529497 529497 5235553 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES ON EXEMPT INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONDITION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ALTHOUGH ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) PAY NO TAX ON THEIR EXEMPT FUNCTION INCOME, THEY CAN BE LIABLE FOR BUSINESS TAX ON INCOME THEY EARN FROM ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSE. FOR THE YEAR ENDED JUNE 30, 2013, MANAGEMENT BELIEVES THE SCHOOL ENGAGED IN NO ACTIVITIES THAT WERE NOT RELATED TO THEIR EXEMPT PURPOSE. THE SCHOOL HAS ADOPTED ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 AS IT RELATED TO UNCERTAIN TAX POSITIONS. WHEN APPLICABLE, ANY INTEREST AND PENALTIES RECOGNIZED ASSOCIATED WITH A TAX POSITION ARE CLASSIFIED AS CURRENT IN THE SCHOOL'S FINANCIAL STATEMENTS. CURRENTLY, THE 2010 - 2012 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICES. THE SCHOOL IS NOT CURRENTLY UNDER AUDIT, NOR HAS IT BEEN CONTACTED BY THIS JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 7,693. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 529,497. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 7,693. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 529,497. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 TASTE OF LAKE WALES 57975 57975 7693 57975 57975 7693 7693 50282 1 SCHOLARSHIPS 46 529497 CASH VALUE SCHOLARSHIPS AWARDED TO STUDENTS (NO CASH IS GIVEN) PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED BASED ON THE RECOMMENDATION OF THE SCHOLARSHIP COMMITTEE. THESE AWARDS ARE THEN DIRECTLY APPLIED AGAINST THE STUDENT'S TUITION FEES. THERE IS NO CASH AWARD GIVEN DIRECTLY TO THE STUDENT. X X X X 0 0 0 0 0 0 0 0 0 CATHY WOOLEY-BROWN 82500 0 0 0 0 0 180073 0 0 0 262573 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE 990 IS REVIEWED BY THE TREASURER AND THE BOARD CHAIRMAN; A COPY IS PROVIDED TO EACH DIRECTOR PRIOR TO ITS FILING WITH THE IRS FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS POSITIVELY AFFIRMED BY ALL BOARD MEMBERS AND EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD COMPARES SALARIES OF COMPARABLE SCHOOLS IN THE GEOGRAPHICAL AREA PROVIDING COMPARABLE SPECIALIZED EDUCATIONAL SERVICES. THE COMPENSATION PROCESS IS COMPLETED DURING THE BUDGETING PROCESS AND SALARIES ARE DETERMINED BY PERFORMANCE AND COMPARISON WITH OTHER SIMILAR SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.