THE INTOWN ACADEMY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: THE INTOWN ACADEMY INC (EIN 20-5830622)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-15
IRS object ID: 201331359349304898
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 O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-15T12:53:59-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WARREN AVERETT LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	SIX CONCOURSE PARKWAY SUITE 600	AddressLine1
City	ATLANTA	City
State	GA	State
ZIP Code	30328	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	205830622	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE INTOWN ACADEMY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	INTO	NameControl
Phone	4048927733	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	386 PINE STREET	AddressLine1
City	ATLANTA	City
State	GA	State
ZIP Code	30308	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ADRIENNE WHITE	Name
Title	TREASURER	Title
Phone	4048927733	Phone
Date Signed	2013-05-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ANDREW I SIEGEL	Name
Phone	7703961100	Phone
Date Prepared	2013-05-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ADRIENNE WHITE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	386 PINE STREET	AddressLine1
City	ATLANTA	City
State	GA	State
ZIP Code	30308	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3106081	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.INTOWNACADEMY.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2006	YearFormation
State Legal Domicile	GA	StateLegalDomicile
Activity Or Mission Description	THE MISSION OF THE INTOWN ACADEMY IS TO PROVIDE A RIGOROUS AND STIMULATING CURRICULUM WHICH PROMOTES HIGH ACADEMIC ACHIEVEMENT AND GROWTH OF AN INQUIRING SUPPORTIVE LEARNING COMMUNITY PREPARED FOR THE EVOLVING WORLD.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	63	TotalNbrEmployees
Total Nbr Volunteers	183	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	4591573	ContributionsGrantsPriorYear
Contributions Grants Current Year	2955496	ContributionsGrantsCurrentYear
Program Service Revenue CY	118345	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-510	OtherRevenuePriorYear
Other Revenue Current Year	32240	OtherRevenueCurrentYear
Total Revenue Prior Year	4591063	TotalRevenuePriorYear
Total Revenue Current Year	3106081	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	6192	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	3750	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1981768	SalariesEtcPriorYear
Salaries Etc Current Year	1305552	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	30182	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	62914	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1956655	OtherExpensePriorYear
Other Expenses Current Year	1537204	OtherExpensesCurrentYear
Total Expenses Prior Year	3974797	TotalExpensesPriorYear
Total Expenses Current Year	2846506	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	616266	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	259575	RevenuesLessExpensesCY
Total Assets BOY	1623102	TotalAssetsBOY
Total Assets EOY	1488537	TotalAssetsEOY
Total Liabilities BOY	1127461	TotalLiabilitiesBOY
Total Liabilities EOY	733321	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	495641	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	755216	NetAssetsOrFundBalancesEOY
Mission Description	THE MISSION OF THE INTOWN ACADEMY IS TO PROVIDE A RIGOROUS AND STIMULATING CURRICULUM WHICH PROMOTES HIGH ACADEMIC ACHIEVEMENT AND GROWTH OF AN INQUIRING SUPPORTIVE LEARNING COMMUNITY PREPARED FOR THE EVOLVING WORLD.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2041726	Expense
Grants	3750	Grants
Description	OUR STUDENTS WILL BE ASSESSED IN READING AND MATHEMATICS A MINIMUM OF 3 TIMES A YEAR USING THE COMMON CORE GEORGIA PERFORMANCE STANDARDS. THIS IS A SET OF STANDARDS DEVELOPED FOR K-12 IN ENGLISH, LANGUAGE ARTS, AND MATHEMATICS. THE ACADEMY PROVIDED EDUCATIONAL PROGRAMS FOR APPROXIMATELY 297 STUDENTS.	Description
Total Program Service Expense	2041726	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	13	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	63	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	GA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	TOM LILLY	NamePerson
Telephone Number	6787784654	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	386 PINE STREET	AddressLine1
City	ATLANTA	City
State	GA	State
ZIP Code	30308	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
STEPHEN VALRIE
VICE CHAIR	3.00	X	X	0	0	0
CORI HONORE
DIRECTOR	2.00	X		0	0	0
REBECCA CHRISTIAN SMITH
DIRECTOR	2.00	X		0	0	0
ADRIENNE WHITE
TREASURER	2.00	X	X	0	0	0
ALLISON PARKER
SECRETARY	2.00	X	X	0	0	0
TYESE LAWYER
DIRECTOR	2.00	X		0	0	0
THOMAS LILLY
BOARD CHAIR	3.00	X	X	0	0	0
DOUGH SHIPMAN
DIRECTOR	2.00	X		0	0	0
LARRY NEAL
DIRECTOR	2.00	X		0	0	0
SHERRI DAVIS
DIRECTOR	2.00	X		0	0	0
CHERIE PHEARS
DIRECTOR	2.00	X		0	0	0
CHARLES RICHARDSON
DIRECTOR	2.00	X		0	0	0
TRINA ALLEN
OPERATIONS M	40.00		X	72769	0	8265
MELISSA MASON
OPERATIONS M	40.00		X	0	0	0
LOLA BURSE
PRINCIPAL	40.00		X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	72769	TotalReportableCompFromOrg
Total Other Compensation	8265	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
EDISON LEARNING
PO BOX 67000	DETROIT	MI	482672403	EDUCATIONAL	273654
LITTLE CLEANING COMPANY
PO BOX 310063	ATLANTA	GA	30331	JANITORIAL	103682

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K
Government Grants	2918029	GovernmentGrants
All Other Contributions	37467	AllOtherContributions
Total Contributions	2955496	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	NATIONAL SCHOOL LUNCH	Description
Business Code	611710	BusinessCode
Total Revenue Column	118345	TotalRevenueColumn
Related Or Exempt Function Income	118345	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	118345	TotalProgramServiceRevenue

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER REVENUE	Description
Business Code	611710	BusinessCode
Total Revenue Column	32240	TotalRevenueColumn
Exclusion	$32,240	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	32240	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3106081	TotalRevenueColumn
Related Or Exempt Function Income	118345	RelatedOrExemptFunctionIncome
Exclusion	$32,240	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	3750	Total
Program Services	3750	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	237534	Total
Management And General	183711	ManagementAndGeneral
Fundraising	53823	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	944795	Total
Program Services	860666	ProgramServices
Management And General	84129	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	93345	Total
Program Services	86224	ProgramServices
Management And General	7121	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	29878	Total
Program Services	22331	ProgramServices
Management And General	6439	ManagementAndGeneral
Fundraising	1108	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	273654	Total
Program Services	136827	ProgramServices
Management And General	136827	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	6880	Total
Management And General	6880	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	30903	Total
Management And General	30903	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	134014	Total
Program Services	129973	ProgramServices
Management And General	4041	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	6986	Total
Fundraising	6986	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	84593	Total
Program Services	50204	ProgramServices
Management And General	34389	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	4244	Total
Program Services	4244	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	348881	Total
Program Services	348881	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	3005	Total
Program Services	3005	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	5075	Total
Management And General	5075	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	32452	Total
Management And General	32452	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	193230	Total
Program Services	193230	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	199385	Total
Management And General	199385	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
LUNCH PROGRAM	129564	129564
INSTRUCTIONAL EXPENSE	68576	68576
MISCELLANEOUS	12594	1083	10514	997
DUES & SUBSCRIPTIONS	1672	1672

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1496	Total
Program Services	1496	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2846506	Total
Program Services	2041726	ProgramServices
Management And General	741866	ManagementAndGeneral
Fundraising	62914	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	991944	BOY
EOY	911713	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	20000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	51464	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	17443	BOY
EOY	5066	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	846234	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	345940	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	613715	BOY
EOY	500294	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1623102	BOY
EOY	1488537	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	265898	BOY
EOY	302539	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	861563	BOY
EOY	430782	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1127461	BOY
EOY	733321	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	379124	BOY
EOY	735216	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	116517	BOY
EOY	20000	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	495641	BOY
EOY	755216	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1623102	BOY
EOY	1488537	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	259575	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

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

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	149991	OtherCostOrOtherBasis
Depreciation	47386	Depreciation
Book Value	102605	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	308490	OtherCostOrOtherBasis
Depreciation	171886	Depreciation
Book Value	136604	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	387753	OtherCostOrOtherBasis
Depreciation	126668	Depreciation
Book Value	261085	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	500294	TotalOfBookValueLandBuildings
Total Revenue	3106081	TotalRevenue
Total Expenses	2846506	TotalExpenses
Excess Or Deficit For Year	259575	ExcessOrDeficitForYear
Excess Or Deficit Per FS	259575	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3106081	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	3106081	RevenueSubtotal
Total Revenue Per Form990	3106081	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2846506	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	2846506	ExpensesSubtotal
Total Expenses Per Form990	2846506	TotalExpensesPerForm990

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 6	ReturnReference
Explanation	THE INTOWN ACADEMY RECEIVES FEDERAL GRANTS USED FOR ONGOING ACTIVITES	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ADDITIONAL INFORMATION	FORM 990	SCHEDULE A THE INTOWN ACADEMY ORIGINALLY FILED FOR EXEMPT STATUS UNDER SECTION 170(B)(1)(A)(VI) AND CHECKED BOX 7 ON SCHEDULE A. THEY SHOULD HAVE FILED FOR EXEMPT STATUS UNDER SECTION 170(B)(1)(A)(II) AS A SCHOOL WHICH IS EXEMPT FROM FILING SCHEDULE A. AS OF THE FILING DATE OF THS RETURN, THE INTOWN ACADEMY HAS FILED ALL APPROPRIATE PAPERWORK TO CHANGE ITS CHARITABLE STATUS. THEREFORE SCHEDULE A WAS NOT COMPLETED FOR THE FISCAL YEAR ENDING JUNE 30, 2012.
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS	FORM 990, PAGE 1, PART I, LINE 6	VOLUNTEERS AND THEIR HOURS ARE TRACKED THROUGH A KIOSK STATION AT THE SCHOOL. THE SOFTWARE TRACKS THEIR NAME, DATE, TIME THEY SIGNED IN AND OUT, AND THE PURPOSE OF THEIR VISIT. 183 VOLUNTEERS HELPED IN A VARIETY OF EDUCATION RELATED ACTIVITIES INCLUDING TUTORING AND TEACHER AIDE. VOLUNTEERS ALSO HELPED AFTER HOURS TO PAINT THE SCHOOL. VOLUNTEERS LOGGED A TOTAL OF 3,274 HOURS DURING THE FISCAL YEAR.
ADDITIONAL INFORMATION	FORM 990, PART VI	SECTION A, LINE 1A&B DURING THE FISCAL YEAR ENDING JUNE 30, 2012, CHERIE PHEARS AND CHARLES RICHARDSON RESIGNED. THEREFORE 12 VOTING MEMBERS SERVED THROUGHOUT THE FISCAL YEAR BUT ONLY 10 WERE ON THE BOARD OF DIRECTORS AS OF JUNE 30, 2012.
MANAGEMENT DELEGATED	FORM 990, PAGE 6, PART VI, LINE 3	THE INTOWN ACADEMY CONTRACTS EDISON LEARNING AS ITS EDUCATION MANAGEMENT COMPANY TO SUPERVISE THE DAILY OPERATIONS OF THE SCHOOL.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE FINANCE & AUDIT CHAIR AND TAX PREPARER (WARREN AVERETT, LLC) PREPARED THE 990. IT WAS THEN GIVEN TO THE FINANCE & AUDIT COMITTEE & THE OPERATIONS MANAGER FOR REVIEW. ONCE REVIEWED IT WAS DISTRIBUTED TO THE ENTIRE GOVERNING BOARD PRIOR TO FILING.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY, AND THE BOARD HAS A FORM EACH MEMBER FILLS OUT ONCE A YEAR DISCLOSING ANY CONFLICTS OF INTEREST. ALSO OUR GOVERNANCE COMMITTEE INVESTIGATES, FOLLOWS UP, AND RULES ACCORDINGLY OVER ANY PERCEIVED CONFLICTS OF INTEREST. IF THERE IS ANY PERCEIVED OR KNOWN CONFLICT OF INTEREST SURROUNDING A BOARD MEMBER AND DELIBERATIONS/VOTES ARE INVOLVED, THE BOARD WOULD EXCUSE THE BOARD MEMBER FROM THOSE DELIBERATIONS/VOTES. IF THAT PERCEIVED OR KNOWN CONFLICT OF INTEREST WAS NOT ALREADY DISCLOSED PER OUR FORM, THEN IT WOULD BE VIEWED AS AN INFRACTION OF THE STATEMENT OF PERSONAL AND PROFESSIONAL STANDARDS OF CONDUCT AND WOULD BE REPORTED AS IDENTIFIED IN OUR POLICY.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	PRIOR TO THE BEGINNING OF EACH SCHOOL YEAR, THE BOARD OF DIRECTORS WORK WITH THE EDUCATION MANAGEMENT COMPANY TO DETERMINE THE SALARY OF THE PRINCIPAL, WHO IS THE LEADER OF THE SCHOOL.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	PRIOR TO THE BEGINNING OF EACH SCHOOL YEAR, THE BOARD OF DIRECTORS WORK WITH THE EDUCATION MANAGEMENT COMPANY TO DETERMINE THE SALARY OF THE PRINCIPAL, WHO IS THE LEADER OF THE SCHOOL. THE PRINCIPAL THEN WORKS WITH THE EDUCATION MANAGEMENT COMPANY TO DETERMINE THE SALARIES OF THE REST OF THE STAFF.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	A COPY OF THE BOARD MINUTES ARE KEPT IN A BINDER IN THE MAIN OFFICE OF THE SCHOOL. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
ADDITIONAL INFORMATION	FORM 990, PART VII	LOLA BURSE AND MELISSA MASON DID NOT WORK FOR THE INTOWN ACADEMY UNTIL 2012. THEREFORE THEIR COMPENSATION IS NOT REPORTED ON PART VII FOR THE FISCAL YEAR ENDING JUNE 30, 2012.

THE INTOWN ACADEMY INC: Form 990, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

Contractor Compensation ContractorCompensation (2 entries)

Program Service Revenue ProgramServiceRevenue

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Management FeesForServicesManagement

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Advertising Advertising

Office Expenses OfficeExpenses

Information Technology InformationTechnology

Occupancy Occupancy

Travel Travel

Conferences Meetings ConferencesMeetings

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Pledges And Grants Receivable PledgesAndGrantsReceivable

Accounts Receivable AccountsReceivable

Inventories For Sale Or Use InventoriesForSaleOrUse

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Equipment Equipment

Other Land Buildings OtherLandBuildings

Schedule E IRS990ScheduleE

Form990 Schedule E Part II Form990ScheduleEPartII

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

Comments