LOVETT SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LOVETT SCHOOL (EIN 58-0619038)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-12
- IRS object ID
- 201320439349300117
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-12T08:29:22-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581673613 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENNETT THRASHER PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3625 CUMBERLAND BOULEVARD 1000 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30339 | 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 | 580619038 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LOVETT SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LOVE | NameControl |
| Phone | 4042623032 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4075 PACES FERRY ROAD NW | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 303273099 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM S PEEBLES IV | Name |
| Title | HEADMASTER | Title |
| Phone | 4042623032 | Phone |
| Date Signed | 2013-01-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIFFANY SCALES | Name |
| PTIN | P01059609 | PTIN |
| Phone | 7703962200 | Phone |
| Date Prepared | 2013-01-18 | DatePrepared |
| 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 | WILLIAM S PEEBLES IV | NameOfPrincipalOfficerPerson |
| Gross Receipts | 46902294 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LOVETT.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1926 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | THE LOVETT SCHOOL IS A K-12 SCHOOL FOR FAMILIES SEEKING EXCELLENCE IN LEARNING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 30 | NbrIndependentVotingMembers |
| Total Nbr Employees | 843 | TotalNbrEmployees |
| Total Nbr Volunteers | 1500 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7838334 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7438340 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 34232225 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 35753507 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1593891 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1509642 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 304746 | OtherRevenuePriorYear |
| Other Revenue Current Year | 403641 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43969196 | TotalRevenuePriorYear |
| Total Revenue Current Year | 45105130 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2576489 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2581387 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 27976369 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 29172671 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2247305 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 15252529 | OtherExpensePriorYear |
| Other Expenses Current Year | 15471857 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 45805387 | TotalExpensesPriorYear |
| Total Expenses Current Year | 47225915 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1836191 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2120785 | RevenuesLessExpensesCY |
| Total Assets BOY | 198538931 | TotalAssetsBOY |
| Total Assets EOY | 192693845 | TotalAssetsEOY |
| Total Liabilities BOY | 59092934 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 61500109 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 139445997 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 131193736 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE LOVETT SCHOOL IS AN ATLANTA INDEPENDENT SCHOOL FOR FAMILIES SEEKING EXCELLENCE IN LEARNING, CHARACTER, AND COMMUNITY IN AN ENVIRONMENT THAT DEVELOPS THE WHOLE CHILD. OUR MISSION IS TO PREPARE STUDENTS IN K THROUGH GRADE 12 FOR COLLEGE AND FOR LIFE. WE SUPPORT THIS MISSION THROUGH RIGOROUS ACADEMICS, COMPLEMENTED BY ARTS, ATHLETICS, AND OPPORTUNITIES FOR SERVICE AND FAITH. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 36128544 | Expense |
| Revenue | 34170386 | Revenue |
| Description | THE LOVETT SCHOOL WAS FOUNDED IN 1926 BY EVA EDWARDS LOVETT AND RETAINS HER EMPHASIS ON THE DEVELOPMENT OF THE WHOLE CHILD. LOVETT BELIEVES THAT IT IS THE SCHOOL'S RESPONSIBILITY TO DEVELOP FUNDAMENTAL SKILLS, A LOVE OF LEARNING, AND THE APPLICATION OF GOOD JUDGMENT TO WHAT IS LEARNED. DISTINCTIVE FEATURES OF THE CURRICULUM INCLUDE EXPERIENTIAL EDUCATION AND INTERDISCIPLINARY STUDIES. COMPREHENSIVE FINE ARTS PROGRAMS ARE OFFERED IN EACH SCHOOL DIVISION AND A FULL ATHLETIC PROGRAM PROVIDES EACH STUDENT AN OPPORTUNITY TO EXPERIENCE THE VALUE OF TEAM EFFORT AND SPORTSMANSHIP. STUDENTS PARTICIPATE IN A VARIETY OF COMMUNITY SERVICE ACTIVITIES, AND NONDENOMINATIONAL CHAPEL SERVICES ARE HELD WEEKLY IN ALL SCHOOL DIVISIONS. LOVETT SEEKS STUDENTS FROM ALL ETHNIC, CULTURAL, RACIAL, AND RELIGIOUS BACKGROUNDS WHO CAN BENEFIT FROM A CHALLENGING ACADEMIC PROGRAM. THE STUDENT BODY IS APPROXIMATELY 1,500. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1852284 | Expense |
| Revenue | 1429057 | Revenue |
| Description | LOVETT OFFERS AFTER-SCHOOL ACTIVITIES, EXTENDED DAY PROGRAMS, SUMMER SCHOOL COURSES, SUMMER CAMPS AND OTHER ENRICHMENT OPPORTUNITIES TO STUDENTS INCLUDING TUTORIAL PROGRAMS IN ALL ACADEMIC SUBJECTS AND THE ARTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 727673 | Expense |
| Revenue | 154064 | Revenue |
| Description | OTHER UNIQUE PROGRAMS INCLUDE BREAKTHROUGH ATLANTA WHICH IS A SIX-WEEK, ACADEMIC AND LEADERSHIP DEVELOPMENT PROGRAM THAT MATCHES HIGH SCHOOL AND COLLEGE-AGED VOLUNTEERS AND ASPIRING TEACHERS WITH UNDERSERVED MIDDLE SCHOOL STUDENTS FROM ATLANTA'S PUBLIC SCHOOLS. THE PROGRAM TEACHES COLLEGE PREPARATORY AND PERSONAL SKILLS THAT INCREASE THESE STUDENTS' CHANCES OF COLLEGE ADMISSION. AT THE SAME TIME, THE PROGRAM INSPIRES AND NURTURES A FUTURE GENERATION OF YOUNG TEACHERS. LOVETT'S SIEMPRE VERDE IS A PROTECTED PRESERVE OF CLOUD FOREST PROPERTY IN ECUADOR OWNED AND SUPPORTED BY LOVETT TO PROMOTE TROPICAL CONSERVATION EDUCATION. THE EDUCATIONAL INSTITUTION OFFERS STUDENTS AN OPPORTUNITY TO LEARN CONSERVATION METHODS THROUGH RESEARCH AND THE EXCHANGE OF IDEAS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 38708501 | 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 | 0 | 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 | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | 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 | 52 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 843 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 30 | 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 | 1 | 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 | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANGIE CARRANO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4042623032 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4075 PACES FERRY ROAD NW | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 303273099 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (79 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| PINNEY L ALLEN | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BRIAN MJ BOUTTE | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| GORDON A BUCHMILLER JR | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| SALLIE ADAMS DANIEL | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| MARGARET DENNY DOZIER | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DEBORAH HARRISON | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILLIAM F HENAGAN | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JEFFREY F HINES | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DABNEY MANN HOLLIS | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CLAYTON F JACKSON | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DAVID B KAHN | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN O KNOX JR | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| AMY R KREISLER | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| KATHRYN MCCAIN LEE | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ROBERT C LOUDERMILK | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JANE KERR MATHEWS | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JAMES M MCINTYRE | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ELIZABETH D POPE | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JEFFREY L PORTMAN | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| FRANCES G ROGERS | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ARTHUR W ROLLINS | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| LAWRENCE M SCHALL | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| F BLAIR SCHMIDT-FELLNER | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CHRISTIAN B SCHOEN | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| RICHARD F SMITH | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN R WELLS | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ELIZABETH B WEST | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| GERALD J WILKINS | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| FRANK L WILSON III | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DAVID F APPLE JR | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CHARLES R ARP | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| THOMAS A AVERY | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| C DUNCAN BEARD | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| AVRIL BECKFORD | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| J DONALD CHILDRESS | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BRADLEY CURREY JR | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN M DARDEN III | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN M DEBORDE III | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| RICHARD A DENNY JR | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BRUCE L DICK | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DANIEL M DUPREE | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILLIAM H FOX | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| RUSSELL R FRENCH | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILLIAM B FRYER | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| THOMAS C GALLAGHER | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILLIAM B GEORGE | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ROBERT J GLENN | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN T GLOVER | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JH HILSMAN III | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DOROTHY SMITH KNOX HINES | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN R HOLDER | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| W BARRETT HOWELL | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| EMILY HUIE | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| HARRISON JONES II | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DONALD R KEOUGH | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| MICHAEL L KEOUGH | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| FRANK KINNETT | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILTON D LOONEY | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| C KNOX MASSEY JR | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| W HAMPTON MORRIS | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CV NALLEY III | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ROBERT E PETERSON | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| MARK C POPE IV | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JAN N PORTMAN | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ALFRED R ROACH JR | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILLIAM H ROGERS JR | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ROBERT E SETTLE | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CHARLES U SLICK | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| RICHARD W SORENSON | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN A WILLIAMS | |||||||
| EMERITI TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| R REID FRENCH JR | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| EDWARD D MCCRADY | |||||||
| ACTIVE TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| WILLIAM S PEEBLES IV | |||||||
| HEADMASTER | 40.00 | 380161 | 0 | 191249 | X | ||
| DAVID MERIWETHER JR | |||||||
| BUSINESS MANAGER | 40.00 | 206108 | 0 | 28432 | X | ||
| STEVE ALLEN | |||||||
| CHAPLAIN | 40.00 | 167175 | 0 | 24631 | X | ||
| WILLIAM P DUNKEL | |||||||
| UPPER SCHOOL PRINCIPAL | 40.00 | 167534 | 0 | 27534 | X | ||
| ANDREW SPENCER | |||||||
| CHIEF ADVANCEMENT | 40.00 | 135249 | 0 | 29282 | X | ||
| STEVE FRANKS | |||||||
| ATHLETIC DIRECTOR | 40.00 | 133110 | 0 | 27395 | X | ||
| DEBORAH LANGE | |||||||
| ADMISSIONS DIRECTOR | 40.00 | 117369 | 0 | 19095 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1306706 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 347618 | TotalOtherCompensation |
| Number Individuals GT100 K | 16 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GAY CONSTRUCTION | |||||
| 2907 LOG CABIN DRIVE | SMYRNA | GA | 30080 | CONTRACTOR | 1038506 |
| BRASFIELD & GORRIE | |||||
| 729 30TH STREET SOUTH | BIRMINGHAM | AL | 35233 | CONTRACTOR | 320129 |
| INGLETT & STUBBS INC | |||||
| 5200 RIVERVIEW ROAD SE | MABLETON | GA | 30126 | ELECTRIC CONTRACTORS | 191311 |
| WEST GEORGIA ROOFING | |||||
| PO BOX 767 | CARROLLTON | GA | 30112 | ROOFING CONTRACTORS | 182839 |
| DB AUDIO | |||||
| 2196 HILTON DRIVE | GAINESVILLE | GA | 30501 | ACOUSTICAL ENGINEERS | 164702 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Membership Dues | 60260 | MembershipDues |
| Fundraising Events | 165828 | FundraisingEvents |
| All Other Contributions | 7212252 | AllOtherContributions |
| Noncash Contributions | 571419 | NoncashContributions |
| Total Contributions | 7438340 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611110 | 32677550 | 32677550 |
| PROGRAMS | 611110 | 1620757 | 1620757 |
| FEES | 611110 | 1324661 | 1324661 |
| ATHLETICS | 611110 | 130539 | 130539 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 35753507 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1417335 | TotalRevenueColumn |
| Exclusion | $1,417,335 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 122800 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 108926 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13874 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13874 | TotalRevenueColumn |
| Exclusion | $13,874 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 92307 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 92307 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 92307 | TotalRevenueColumn |
| Exclusion | $92,307 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 237899 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 165828 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 263861 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -25962 | TotalRevenueColumn |
| Exclusion | -$25,962 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 2395 | GrossIncomeGaming |
| Gaming Direct Expenses | 0 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2395 | TotalRevenueColumn |
| Exclusion | $2,395 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1685434 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1424377 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 261057 | TotalRevenueColumn |
| Exclusion | $261,057 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OTHER INCOME | 611110 | 87327 | 87327 |
| DUES | 611110 | 64950 | 64950 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 152277 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45105130 | TotalRevenueColumn |
| Related Or Exempt Function Income | 35905784 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,761,006 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2581387 | Total |
| Program Services | 2581387 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 775803 | Total |
| Management And General | 775803 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21681727 | Total |
| Program Services | 18562957 | ProgramServices |
| Management And General | 2078853 | ManagementAndGeneral |
| Fundraising | 1039917 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1723015 | Total |
| Program Services | 1595645 | ProgramServices |
| Management And General | 37980 | ManagementAndGeneral |
| Fundraising | 89390 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3375195 | Total |
| Program Services | 2908410 | ProgramServices |
| Management And General | 303853 | ManagementAndGeneral |
| Fundraising | 162932 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1616931 | Total |
| Program Services | 1386241 | ProgramServices |
| Management And General | 153769 | ManagementAndGeneral |
| Fundraising | 76921 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34994 | Total |
| Program Services | 5250 | ProgramServices |
| Management And General | 29744 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46828 | Total |
| Management And General | 46828 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84216 | Total |
| Management And General | 84216 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 826491 | Total |
| Program Services | 54783 | ProgramServices |
| Management And General | 723580 | ManagementAndGeneral |
| Fundraising | 48128 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103998 | Total |
| Program Services | 5343 | ProgramServices |
| Management And General | 49685 | ManagementAndGeneral |
| Fundraising | 48970 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2153185 | Total |
| Program Services | 1574098 | ProgramServices |
| Management And General | 286048 | ManagementAndGeneral |
| Fundraising | 293039 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1053916 | Total |
| Program Services | 698284 | ProgramServices |
| Management And General | 355632 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1333696 | Total |
| Program Services | 1161106 | ProgramServices |
| Management And General | 117487 | ManagementAndGeneral |
| Fundraising | 55103 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212965 | Total |
| Program Services | 157931 | ProgramServices |
| Management And General | 41029 | ManagementAndGeneral |
| Fundraising | 14005 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158067 | Total |
| Program Services | 96278 | ProgramServices |
| Management And General | 56930 | ManagementAndGeneral |
| Fundraising | 4859 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1144108 | Total |
| Program Services | 1001519 | ProgramServices |
| Management And General | 95059 | ManagementAndGeneral |
| Fundraising | 47530 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6323767 | Total |
| Program Services | 5517827 | ProgramServices |
| Management And General | 544077 | ManagementAndGeneral |
| Fundraising | 261863 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 410619 | Total |
| Program Services | 5000 | ProgramServices |
| Management And General | 405619 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| STUDENT TRIPS/ACTIVITIE | 1035823 | 1035823 | ||
| MEALS & ENTERTAINMENT | 223583 | 94714 | 29325 | 99544 |
| DUES/MEMBERSHIPS | 132424 | 78665 | 48655 | 5104 |
| MISCELLANEOUS | 120126 | 118147 | 1979 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73051 | Total |
| Program Services | 69093 | ProgramServices |
| Management And General | 3958 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47225915 | Total |
| Program Services | 38708501 | ProgramServices |
| Management And General | 6270109 | ManagementAndGeneral |
| Fundraising | 2247305 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1740 | BOY |
| EOY | 1740 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8503989 | BOY |
| EOY | 8401072 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14939132 | BOY |
| EOY | 11285449 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184407 | BOY |
| EOY | 313686 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49895 | BOY |
| EOY | 38899 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39463 | BOY |
| EOY | 31351 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284030 | BOY |
| EOY | 260458 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 749200 | BOY |
| EOY | 778486 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 150653859 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 50336210 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101594815 | BOY |
| EOY | 100317649 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68280627 | BOY |
| EOY | 67419380 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1302100 | BOY |
| EOY | 1306933 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2609533 | BOY |
| EOY | 2538742 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198538931 | BOY |
| EOY | 192693845 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6447228 | BOY |
| EOY | 8168527 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10230702 | BOY |
| EOY | 9345200 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38500000 | BOY |
| EOY | 36500000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3915004 | BOY |
| EOY | 7486382 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59092934 | BOY |
| EOY | 61500109 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95459390 | BOY |
| EOY | 88971159 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19923802 | BOY |
| EOY | 15589476 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24062805 | BOY |
| EOY | 26633101 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139445997 | BOY |
| EOY | 131193736 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 198538931 | BOY |
| EOY | 192693845 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2120785 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -6131476 | 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 | 71058302 | BeginningOfYearBalance |
| Contributions | 7701495 | Contributions |
| Investment Earnings Or Losses | -215830 | InvestmentEarningsOrLosses |
| Other Expenditures | 7753732 | OtherExpenditures |
| Administrative Expenses | 60200 | AdministrativeExpenses |
| End Of Year Balance | 70730036 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 67736462 | BeginningOfYearBalance |
| Contributions | 10533481 | Contributions |
| Investment Earnings Or Losses | 10687030 | InvestmentEarningsOrLosses |
| Other Expenditures | 17803304 | OtherExpenditures |
| Administrative Expenses | 95366 | AdministrativeExpenses |
| End Of Year Balance | 71058302 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 54813003 | BeginningOfYearBalance |
| Contributions | 17252268 | Contributions |
| Investment Earnings Or Losses | 4881735 | InvestmentEarningsOrLosses |
| Other Expenditures | 9117057 | OtherExpenditures |
| Administrative Expenses | 93488 | AdministrativeExpenses |
| End Of Year Balance | 67736462 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 58439646 | BeginningOfYearBalance |
| Contributions | 9936493 | Contributions |
| Investment Earnings Or Losses | -9140869 | InvestmentEarningsOrLosses |
| Other Expenditures | 4326388 | OtherExpenditures |
| Administrative Expenses | 95879 | AdministrativeExpenses |
| End Of Year Balance | 54813003 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.54050 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.37650 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08300 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2288521 | OtherCostOrOtherBasis |
| Book Value | 2288521 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 107161056 | OtherCostOrOtherBasis |
| Depreciation | 27531149 | Depreciation |
| Book Value | 79629907 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24095487 | OtherCostOrOtherBasis |
| Depreciation | 13215165 | Depreciation |
| Book Value | 10880322 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7882902 | OtherCostOrOtherBasis |
| Depreciation | 5757116 | Depreciation |
| Book Value | 2125786 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9225893 | OtherCostOrOtherBasis |
| Depreciation | 3832780 | Depreciation |
| Book Value | 5393113 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 100317649 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP PAYABLE | Description |
| Amount | $7,486,382 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 7486382 | TotalOfAmounts |
| Total Revenue | 45105130 | TotalRevenue |
| Total Expenses | 47225915 | TotalExpenses |
| Excess Or Deficit For Year | -2120785 | ExcessOrDeficitForYear |
| Other | -$6,131,476 | OtherAmount |
| Total Adjustments | -6131476 | TotalAdjustments |
| Excess Or Deficit Per FS | -8252261 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 44413877 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -691253 | OtherRevenues |
| Revenue Not Rptd F990 | -691253 | RevenueNotRptdF990 |
| Revenue Subtotal | 45105130 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 45105130 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 52666138 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 5440223 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 5440223 | ExpensesNotRptdF990 |
| Expenses Subtotal | 47225915 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 47225915 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE PRIMARY FINANCIAL OBJECTIVE OF THE ENDOWMENT IS TO SUPPORT THE CURRENT AND FUTURE OPERATIONS OF THE LOVETT SCHOOL. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE SCHOOL HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(A)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE SCHOOL HAD NO SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME DURING 2012 AND 2011; ACCORDINGLY, NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) ON INCOME TAXES. THIS ASC REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE SCHOOL DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. THERE HAVE BEEN NO PENALTIES OR INTEREST INCURRED BY THE SCHOOL DURING 2012 OR 2011. THE SCHOOL'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS FOR ALL YEARS SUBSEQUENT TO 2008. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | INCREASE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -1,087,855. LOSS ON INTEREST RATE SWAP -3,571,378. LOSS ON SALES OF ASSETS OTHER THAN INVENTORY -1,472,243. TOTAL TO SCHEDULE D, PART XI, LINE 8: -6,131,476. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -2,581,387. RENTAL EXPENSES 108,926. COST OF GOODS SOLD 1,424,377. SPECIAL EVENT EXPENSES 263,861. FOOD SERVICE CROSS CHARGES 92,970. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -2,581,387. RENTAL EXPENSES 108,926. COST OF GOODS SOLD 1,424,377. SPECIAL EVENT EXPENSES 263,861. INCREASE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 1,087,855. FOOD SERVICE CROSS CHARGES 92,970. LOSS FROM SALES OF ASSETS OTHER THAN INVENTORY 1,472,243. LOSS ON INTEREST RATE SWAP 3,571,378. |
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 | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE LOVETT SCHOOL'S NONDISCRIMINATORY POLICY IS DISCLOSED IN ALL SCHOOL HANDBOOKS AND POLICY MANUALS, PRINTED MATERIALS PROVIDED TO PROSPECTIVE STUDENTS, FAMILIES AND EMPLOYEES, AND ON THE SCHOOL'S WEBSITE. ANNUALLY THE SCHOOL PUBLISHES AN ADVERTISEMENT IN THE LOCAL NEWSPAPER COMMUNICATING THE POLICY. | Explanation |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| SOUTH AMERICA | 1 | 1 | EDUCATION AND RESEARCH | SIEMPRE VERDE PROVIDES TROPICAL CONSERVATION EDUCATION OPPORTUNITIES FOR STUDENTSSIEMPRE VERDE IS A PROTECTED PRESERVE OF CLOUD FOREST PROPERTY IN ECUADOR OWNED AND SUPPORTED BY LOVETT TO PROMOTE TROPICAL CONSERVATION EDUCATION. THE EDUCATIONAL INSTITUTION OFFERS STUDENTS AN OPPORTUNITY TO LEARN CONSERVATION METHODS THROUGH RESEARCH AND THE EXCHANGE OF IDEAS. | 135395 |
| CENTRAL AMERICA & THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | STUDENT MISSION TRIP | 133577 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 268972 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 268972 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 2: PAYMENTS TO FOREIGN INDIVIDUALS ARE MADE AFTER PROGRAM DIRECTOR HAS VERIFIED PERFORMANCE OF REQUIRED MAINTENANCE AND COOKING SERVICES. PROGRAM DIRECTOR MAKES PERIODIC TRIPS TO THE REGION AND VERIFIES USE OF FUNDS TRANSFERRED AND OBTAINS DOCUMENTATION (I.E. RECEIPTS) WHEN POSSIBLE. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | LOVETT PARENT ASSOCIATION | NameOfEvent1 |
| Gross Receipts Event1 | 38771 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 7881 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 30890 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 19464 | OtherDirectExpensesEvent1 |
| Name Of Event2 | LOVETT LIONBACKERS BOOSTER CLUB | NameOfEvent2 |
| Gross Receipts Event2 | 224563 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 68947 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 155616 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 10811 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 26258 | RentFacilityCostsEvent2 |
| Other Direct Expenses Event2 | 105741 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 140393 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 89000 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 51393 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 2275 | RentFacilityCostsOtherEvents |
| Other Direct Expenses Other Events | 99312 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 403727 | GrossReceiptsTotal |
| Charitable Contributions Total | 165828 | CharitableContributionsTotal |
| Gross Revenue Total Events | 237899 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 10811 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 28533 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 224517 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 263861 | DirectExpenseSummaryEvents |
| Net Income Summary | -25962 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID FOR TUITION AND FEES | TypeOfGrant |
| Number Of Recipients | 209 | NumberOfRecipients |
| Amount Of Cash Grant | 2581387 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | BOOK | MethodOfValuation |
| Description Of Non Cash Assistance | NOT APPLICABLE | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID TO QUALIFYING STUDENTS THAT ATTEND THE SCHOOL. THE GRANTS ARE TREATED AS A REDUCTION OF REVENUE AND ARE APPLIED DIRECTLY TO TUITION BY THE SCHOOL. SINCE THE SCHOOL, NOT THE RECIPIENTS, MAINTAIN CONTROL OF THE FUNDS, NO FORMAL MONITORING PROCESS IS NECESSARY. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 1 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM S PEEBLES IV | |||||||||||||
| 300190 | 0 | 75000 | 0 | 4971 | 0 | 97424 | 0 | 95986 | 0 | 573571 | 0 | 0 | 0 |
| DAVID MERIWETHER JR | |||||||||||||
| 206108 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30571 | 0 | 236679 | 0 | 0 | 0 |
| STEVE ALLEN | |||||||||||||
| 142144 | 0 | 0 | 0 | 25031 | 0 | 0 | 0 | 26694 | 0 | 193869 | 0 | 0 | 0 |
| WILLIAM P DUNKEL | |||||||||||||
| 160459 | 0 | 7075 | 0 | 0 | 0 | 0 | 0 | 29620 | 0 | 197154 | 0 | 0 | 0 |
| ANDREW SPENCER | |||||||||||||
| 134199 | 0 | 0 | 0 | 1050 | 0 | 0 | 0 | 31315 | 0 | 166564 | 0 | 0 | 0 |
| STEVE FRANKS | |||||||||||||
| 132270 | 0 | 0 | 0 | 840 | 0 | 0 | 0 | 29417 | 0 | 162527 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | WILLIAM S. PEEBLES, IV - RESIDENCE FOR PERSONAL USE, AND HOUSEKEEPING; TAX INDEMNIFICATION AND GROSS UP PAYMENTS FOR LONG-TERM DISABILITY. DAVID MERIWETHER - TAX INDEMNIFICATION AND GROSS UP PAYMENTS FOR LONG-TERM DISABILITY. |
| PART I, LINE 1B | THE HEADMASTER HAS AN EMPLOYMENT AGREEMENT THAT REQUIRES THE HEADMASTER TO USE THE RESIDENCE AT THE SCHOOL WHICH INCLUDES NECESSARY AND REASONABLE MAINTENANCE. |
| PART I, LINE 4B | PURSUANT TO AN EMPLOYMENT AGREEMENT, THE SCHOOL CONTRIBUTED TO A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ON BEHALF OF THE HEADMASTER. AMOUNTS CONTRIBUTED FOR THE CALENDAR YEAR 2011 TOTALED $97,424. |
| PART I, LINE 6 | PURSUANT TO AN EMPLOYMENT AGREEMENT, THE BOARD MAY APPROVE COMPENSATION TO THE HEADMASTER BASED ON REACHING CERTAIN FINANCIAL AND NON-FINANCIAL GOALS. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEVELOPMENT AUTHORITY OF FULTON COUNTY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 581506878 | IssuerEIN |
| CUSIP Number | 359900YS0 | CUSIPNumber |
| Date Issued | 2009-08-05 | DateIssued |
| Issue Price | 40000000 | IssuePrice |
| Description Of Purpose | SCHOOL BUILDINGS & ATHLETIC FACILITIES | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 3500000 | AmountRetired |
| Total Proceeds | 56086659 | TotalProceeds |
| Capital Expenditures | 16086659 | CapitalExpenditures |
| Other Spent Proceeds | 40000000 | OtherSpentProceeds |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K, PART II, PROCEEDS | Identifier |
| Return Reference | LINE 3 | ReturnReference |
| Explanation | TOTAL PROCEEDS ARE DIFFERENT DUE TO SERIES 2008 TRANSFERRED PROCEEDS OF $16,043,748 + $42,911 IN INVESTMENT EARNINGS ON SUCH PROCEEDS. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (3 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| STEVE ALLEN | ||||||
| HOME MORTGAGE | X | $100,000 | 37751 | 0 | 1 | 1 |
| DEBBIE LANGE | ||||||
| COMPUTER LOAN | X | $2,548 | 1090 | 0 | 0 | 1 |
| ANDY SPENCER | ||||||
| COMPUTER LOAN | X | $786 | 58 | 0 | 0 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 38899 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM H ROGERS JR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE | Relationship |
| Amount Of Transaction | 1510635 | AmountOfTransaction |
| Description Of Transaction | FEES AND INTEREST EXPENSE TO SUNTRUST BANK | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 92 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 571419 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET QUOTATIONS | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES, ELIZABETH WEST AND CLAYTON JACKSON ARE BUSINESS ASSOCIATES. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNANCE COMMITTEE SHALL PRESENT TO THE BOARD NOMINATIONS FOR TRUSTEES AND OFFICERS TO BE ELECTED BY THE BOARD. THE COMMITTEE SHALL FURNISH INFORMATION RELATING TO THE BACKGROUND AND QUALIFICATIONS OF ALL SUCH NOMINEES WITH THE NOTICE OF THE BOARD MEETING AT WHICH AN ELECTION OR APPOINTMENT IS SCHEDULED TO BE CONSIDERED BY THE BOARD. THE COMMITTEE, ON AN ON-GOING BASIS, SHALL DETERMINE THE CHARACTERISTICS AND PROFILE FOR TRUSTEE CANDIDATES AND SHALL MAINTAIN A CURRENT PROFILE OF THE BOARD'S MEMBERSHIP COMPOSITION TO GUIDE THE SELECTION PROCESS. THE COMMITTEE SHALL ANNUALLY REVIEW AND EVALUATE THE PERFORMANCE OF INCUMBENT TRUSTEES AND BOARD OFFICERS WHOSE TERMS EXPIRE DURING SUCH SCHOOL YEAR AND WHO ARE ELIGIBLE FOR REELECTION, AND SHALL DEVELOP AND HELP ADMINISTER A PROGRAM OF ORIENTATION WITH THE CHAIRMAN OF THE BOARD AND THE HEADMASTER FOR NEWLY-ELECTED TRUSTEES. THE COMMITTEE MAY ALSO NOMINATE TRUSTEES EMERITI FOR APPOINTMENT BY THE BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS ARE APPROVED AT THE COMMITTEE LEVEL AND OTHERS REQUIRE APPROVAL OF THE FULL BOARD AND OR EXECUTIVE COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE SCHOOL'S AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 AND THEN DISTRIBUTES COPIES TO THE FULL BOARD VIA MAIL OR EMAIL PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES COMPLETE A CONFLICT OF INTEREST AND FAMILY AND BUSINESS RELATIONSHIP DISCLOSURE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | ANNUALLY, THE COMPENSATION OF THE KEY EMPLOYEES AND THE TOP TEN COMPENSATED EMPLOYEES ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. COMPENSATION IS COMPARED TO SIMILAR POSITIONS AT OTHER PEER SCHOOLS AND COMPENSATION SURVEYS CONDUCTED BY SCHOOL ASSOCIATIONS. | |
| FORM 990, PART VI, SECTION C, LINE 18 | THE SCHOOL'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. | |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST | |
| FORM 990, PART XI, LINE 5: | INCREASE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -1,087,855. LOSS ON INTEREST RATE SWAP -3,571,378. LOSS ON SALES OF ASSETS OTHER THAN INVENTORY -1,472,243. TOTAL TO FORM 990, PART XI, LINE 5: -6,131,476. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C, AUDIT OVERSIGHT: | THE ORGANIZATION DID NOT CHANGE ITS AUDIT OVERSIGHT PROCESS NOR ITS AUDIT SELECTION PROCESS DURING THE TAX YEAR. |