2013-01-16T13:04:19-06:00 2012-07-31 910189318 MOSS ADAMS LLP 6100 UPTOWN BLVD NE STE 400 ALBUQUERQUE NM 87110 990 2011-08-01 850196115 SANDIA SCHOOL SAND 5053383000 532 OSUNA NE ALBUQUERQUE NM 87113 JENNIFER CRYSLER 5053383000 2013-01-10 1 PAMELA ALEXANDERSON P01218925 5058787200 2011 2016-02-25 16:41:14Z SANDIA PREPARATORY SCHOOL STEVEN ALBERT 532 OSUNA NE ALBUQUERQUE NM 87113 13032840 0 X WWW.SANDIAPREP.ORG X 1965 NM ACADEMICS ARE OUR TOP PRIORITY, BALANCE IS OUR CORE VALUE, AND COMMUNITY MAKES US WHO WE ARE. OUR CHALLENGING, INNOVATIVE PROGRAM PREPARES EACH STUDENT FOR SUCCESS IN COLLEGE - AND BEYOND - AND INSPIRES EACH STUDENT TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD. 26 26 258 300 0 0 543553 480756 11717487 12052054 172631 -115443 30594 155389 12464265 12572756 1881130 2216933 0 0 7137160 7280287 0 0 404038 3802200 3849942 12820490 13347162 -356225 -774406 35396123 34005010 21017811 20953609 14378312 13051401 X THE JOY OF LEARNING AND LIVING IS AT THE CENTER OF ALL WE DO. SANDIA PREPARATORY SCHOOL PROVIDES REMARKABLE OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH WITHIN A CHALLENGING AND BALANCED PROGRAM. AS AN EXTENSION OF OUR FAMILIES, SANDIA PREP'S DIVERSE COMMUNITY INSPIRES STUDENTS TO FIND THEIR ACADEMIC FOCUS, TALENTS AND CREATIVITY. 0 0 9085760 11599382 SANDIA SCHOOL SERVES APPROXIMATELY 648 STUDENTS IN GRADES 6-12 BY PROVIDING WELL BALANCED INSTRUCTION AND OTHER STUDENT ACTIVITIES THAT SUPPORTS THE QUEST FOR HUMAN EXCELLENCE AND INVIVIDUAL GROWTH. SANDIA PREP IS A COEDUCATIONAL INDEPENDENT DAY SCHOOL THAT HAS EDUCATED STUDENTS ON ITS ALBUQUERQUE, NEW MEXICO CAMPUS SINCE 1966. 2216933 2216933 0 SANDIA SCHOOL PROVIDED TUITION REMISSION AND FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND. THESE EXPENSES ARE USED TO HELP PAY THE TUITION FOR THOSE FINANCIALLY CHALLENGED STUDENTS, WHICH COMPRISE 35% OF THE STUDENT BODY. 306419 462101 SANDIA SCHOOL OFFERS A SUMMER PROGRAM TO COMPLEMENT THE REGULAR SCHOOL YEAR PROGRAM FOR OUR CURRENT STUDENTS, AS WELL AS PROVIDE A SAFE AND EDUCATIONALLY CHALLENGING ENVIRONMENT FOR YOUNGER STUDENTS WHEN REGULAR SCHOOLS ARE NOT IN SESSION. OUR SUMMER PROGRAM RECENTLY SERVED APPROXIMATELY 750 STUDENTS FROM AGES 5-18. 11609112 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 40 0 1 258 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA MD MI NH WA WI X X JENNIFER CRYSLER 5053383000 532 OSUNA RD NE ALBUQUERQUE NM 87113 BILLY BLACKBURN 5.00 X 0 0 0 MIMI BURNS 5.00 X 0 0 0 CAROL COCHRAN 5.00 X X 0 0 0 BOB EATON 5.00 X 0 0 0 SUSAN PRZEKURAT EPSTEIN 5.00 X 0 0 0 JIM FIRKINS 5.00 X X 0 0 0 DOUG GIBBONS 5.00 X 0 0 0 GREG HICKS 5.00 X 0 0 0 ELIZABETH KIRSCHNER 5.00 X 0 0 0 GAIL VAVRUSKA-MARCUM 5.00 X 0 0 0 BETH MASON 5.00 X X 0 0 0 JESSICA KORBER MONTOYA 5.00 X 0 0 0 DAVID S NEVILL 5.00 X 0 0 0 PAUL ROTH 5.00 X 0 0 0 ANNE SAPON 5.00 X 0 0 0 GRETCHEN SEELINGER MD 5.00 X 0 0 0 DAVID STANASOLOVICH 5.00 X 0 0 0 LEN TRAINOR 5.00 X 0 0 0 M TODD WHITE 5.00 X 0 0 0 LORNA WIGGINS 5.00 X X 0 0 0 APRIL CAMILLI MARKER 5.00 X 0 0 0 JERRY M LOVATO 5.00 X 0 0 0 JOHN DONHAM 5.00 X 0 0 0 PATRICK D ALLEN 5.00 X 0 0 0 PETE HENDERSON 5.00 X 0 0 0 TRACI CADIGAN 5.00 X 0 0 0 B STEVEN ALBERT 40.00 X 239831 0 15404 JENNIFER CRYSLER 40.00 X 90000 0 9465 JULIE COOK 40.00 X 106333 0 10282 436164 0 35151 2 0 1 0 0 19951 26579 434226 36120 480756 STUDENT TUITION & FEES 611710 12052054 12052054 12052054 111019 111019 42070 10738 31332 31332 31332 125830 341214 11078 -215384 -11078 -226462 -226462 211682 19951 97054 114628 114628 MISCELLANEOUS INCOME 611710 9429 9429 9429 12572756 12061483 0 30517 2216933 2216933 354699 284198 56499 14002 5704467 4570625 908649 225193 305958 245145 48735 12078 469166 375913 74732 18521 445997 357349 71042 17606 23102 23102 81910 66094 13293 2523 130816 108201 19029 3586 66834 47034 12308 7492 166136 134056 26962 5118 290968 280737 8704 1527 436107 420773 13045 2289 920451 888087 27534 4830 140131 135204 4192 735 INSTRUCTIONAL EXPENSE 1003131 1003131 PHYSICAL PLANT MAINTENA 389664 375963 11656 2045 MISCELLANEOUS 91220 73089 14530 3601 FUNDRAISING EXPENSES 82799 82799 26673 26580 93 13347162 11609112 1334012 404038 2978 2975 5015721 4503987 179132 134150 3840306 3795741 208843 231590 85043 157070 30025605 9576184 21195235 20449421 3309170 3251901 1325837 1253951 233858 224224 35396123 34005010 563446 525815 9183071 8730510 9710767 9381403 1410527 2165881 150000 150000 21017811 20953609 X 10789394 9412893 652280 685872 2936638 2952636 14378312 13051401 35396123 34005010 X -774406 -552505 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 5 635.00 0 0 0 1 1 10.00 0 0 4763168 12648 61858 25141 207944 4604589 4326918 20530 639526 23987 199819 4763168 4003364 31824 516059 24342 199987 4326918 4791700 25300 -564811 238858 9967 4003364 0.32000 0.64000 0.04000 0 0 2703609 2703609 24998834 7911293 17087541 2323162 1664891 658271 20449421 TAX CREDIT SALE ESCROW FUNDS 150000 150000 12572756 13347162 -774406 202849 -755354 -552505 -1326911 11608612 202849 -647562 -444713 12053325 23102 496329 519431 12572756 12935523 107792 107792 12827731 23102 496329 519431 13347162 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE SCHOOL HAS COMPLETED A POLICY AFTER 7/31/11 FOR MONITORING, INSPECTION AND ENFORCEMENT OF THE CONSERVATION EASEMENTS IT HOLDS. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THERE IS NO REVENUE ASSOCIATED WITH THE EASEMENT. THE EXPENSES ARE RECOGNIZED AS THEY ARE INCURRED. THE ESTIMATED VALUE OF THE LAND SUBJECT TO A CONSERVATION EASEMENT IS CARRIED AS AN ASSET (NON-DEPRECIABLE LAND) ON THE BALANCE SHEET OF THE SCHOOL. PART II, LINE 5: THE ORGANIZATION RECEIVED THE EASEMENT PROPERTY IN TWO INSTALLMENTS IN DECEMBER 2007 AND JUNE 2008. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT PRIMARILY COMES FROM DONOR GIFTS, SO IT IS THE SCHOOL'S POLICY TO USE THE FUNDS IN ACCORDANCE WITH THE DONOR INTENT. FUNDS ARE INVESTED TO YIELD BOTH CASH INCOME AND APPRECIATE IN VALUE. ANNUAL DISTRIBUTIONS, NOT TO EXCEED 5% OF THE THREE YEAR AVERAGE BALANCE, SUPPORT THE VARIOUS PROGRAMS OF THE SCHOOL AS SPECIFIED BY THE DONOR, OR GENERAL SCHOOL OPERATIONS, IF THE GIFT WAS UNRESTRICTED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SANDIA PREPARATORY SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE AN ADJUSTMENT TO THE AUG 1, 2011 BEGINNING BALANCE OF NET ASSETS. THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS AT AUG 1, 2011 AND AT JULY 31, 2012. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -755,354. PART XII, LINE 2D - OTHER ADJUSTMENTS RENT EXPENSE: 10,738 FUNDRAISING EXPENSE: 97,054 UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -755,354 TOTAL LINE 2D: -647,562 PART XII, LINE 4B - OTHER ADJUSTMETNS GRANTS TO INDIVIDUALS 469,750 TITLE II FUNDS 26,579 TOTAL LINE 4B: 496,329 PART XIII, LINE 2D - OTHER ADJUSTMENTS RENT EXPENSE 10,738 FUNDRAISING EXPENSE: 97,054 TOTAL LINE 2D: 107,792 PART XIII LINE 4B - OTHER ADJUSTMENTS GRANTS TO INDIVIDUALS: 469,750 TITLE II FUNDS 26,579 TOTAL LINE 4B: 496,329 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SANDIA PREPARATORY SCHOOL COMMUNICATES ITS NONDISCRIMINATORY POLICY ON THEIR WEBSITE, IN THE ADMISSION BROCHURE, IN THEIR STUDENT HANDBOOK, THROUGH PAID ADVERTISING IN A LOCAL NEWSPAPER AND ON ALL NEWS RELEASES AND MEDIA ALERTS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 TITLE II MONEY IS PAID DIRECTLY TO VENDORS BY ALBUQUERQUE PUBLIC SCHOOLS ON BEHALF OF SANDIA PREP. THE FUNDS COME FROM THE FEDERAL GOVERNMENT AND ARE LIMITED TO PROVIDING TRAINING FOR FACULTY IN ACADEMIC AREAS. GOLF TOURNAMENT 45570 1460 44110 1200 1722 13379 40 100 2750 NOCHE DE CELEBRACION 169050 10370 158680 45444 1843 4139 24109 1 17013 8121 8892 1416 912 231633 19951 211682 1200 1722 58823 3299 4239 27771 97054 114628 1 0 0 FINANCIAL AID GRANTS TO INDIVIDUALS 196 1747183 FMV OF TUITION REDUCTION OF TUITION AMOUNT DUE FOR APPLICABLE SCHOOL YEAR TUITION REMISSION TO EMPLOYEES 25 469750 FMV OF TUITION REDUCTION OF TUITION AMOUNT DUE FOR APPLICABLE SCHOOL YEAR PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: APPLICANTS FOR FINANCIAL AID MUST SUBMIT CERTAIN FINANCIAL INFORMATION TO AN OUTSIDE SERVICE (SCHOOL & STUDENT SERVICE IN PRINCETON, NJ) WHICH ESTABLISHES A LEVEL OF NEED FOR AID, BASED ON THE FAMILY'S TOTAL FINANCIAL SITUATION. WITH THIS BASIC INFORMATION, THE SANDIA PREPARATORY SCHOOL FINANCIAL AID COMMITTEE, HEREIN "COMMITTEE", CONSIDERS EACH CASE ON ITS MERITS, TAKING ACCOUNT OF ALL ADDITIONAL AVAILABLE INFORMATION. THE MAIN FACTORS CONSIDERED, RELATIVE TO EACH STUDENT ARE: FINANCIAL NEED, GRADE LEVEL AND SPACE AVAILABLE IN THAT GRADE, SCHOLASTIC ACHIEVEMENT OF THE STUDENT, THE STUDENTS CONTRIBUTION TO THE LIFE OF THE SCHOOL, AND THE LENGTH OF TIME THE STUDENT HAS BEEN AT THE SCHOOL. THE COMMITTEE SETS PRELIMINARY GUIDELINES FOR THE AMOUNTS TO BE AWARDED IN EACH GRADE. THESE LIMITS MAY BE ADJUSTED AS THE COMMITTEE PROCEEDS WITH THE DETERMINATION OF FINANCIAL AID GRANTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 B STEVEN ALBERT 203917 0 0 0 35914 0 10439 0 4965 0 255235 0 0 0 PART I, LINE 1A GROSS UP FOR INCLUSION OF TUITION REMISSION, AND RELATED TAXES, IN TAXABLE INCOME FOR HEAD OF SCHOOL VILLAGE OF LOS RANCHOS DE ALBUQUERQUE 850236091 2007-08-17 10000000 CONSTRUCTION OF GYM, CLASSROOMS, PERFORMING ARTS, INSTRUCTIONAL SPACES 0 0 0 10000000 10000000 2009 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 COMPASS BANK 20.000000000000 0 0 0 0 0 X 2 20703 FAIR MARKET VALUE X FOOD AND BEVERAGE 1 6300 FAIR MARKET VALUE X SCIENCE EQUIPMENT 4 9117 FAIR MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: SANDIA PREP USES 3RD PARTY VENDORS TO ASSIST IN THE NOCHE DE CELEBRACION BI-ANNUAL AUCTION. GREATER GIVING PROVIDES THE AUCTIONPAY SYSTEM TO SANDIA PREP TO ASSIST WITH PROCESSING AUCTION DONATIONS AND SALES. SANDIA PREP ALSO USES BIDDINGFORGOOD.COM TO SELL AUCTION ITEMS ONLINE PRIOR TO THE LIVE AUCTION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S FINANCE COMMITTEE, CHIEF FINANCIAL OFFICER AND HEAD OF SCHOOL BEFORE IT IS SUBMITTED. THE ORGANIZATION'S FINANCE COMMITTEE CONTAINS 6 MEMBERS OF THE BOARD OF TRUSTEES. THE FORM 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR WHICH EXPLAINS THE OCCASIONS THAT MIGHT GIVE RISE TO CONFLICTS AND THE ANSWERS ARE REVIEWED BY THE CFO. ANY TRUSTEE WITH A POTENTIAL CONFLICT OF INTEREST IS INSTRUCTED NOT TO VOTE ON ANY BOARD PROPOSALS THAT PERTAIN TO THE AREA OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY INDEPENDENT BOARD OF TRUSTEES. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL. THE SCHOOL USES INFORMATION DERIVED FROM ITS PROFESSIONAL MEMBERSHIP ORGANIZATIONS FOR USE IN SETTING PARAMETERS FOR THE HEAD OF SCHOOL SALARY. OTHER SALARIES ARE ESTABLISHED WITHIN BUDGETARY CONSTRAINTS AND CLOSELY FOLLOW THE LOCAL MARKET RATES FOR SIMILAR POSITIONS. THE DETERMINATION AND APPROVAL OF COMPENSATION FOR THE HEAD OF SCHOOL IS PROPERLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE TO THE PUBLIC THROUGH SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BASED UPON SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 202,849. UNREALIZED LOSS ON INTEREST RATE SWAP -755,354. TOTAL TO FORM 990, PART XI, LINE 5: -552,505.