ALBUQUERQUE ACADEMY: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: ALBUQUERQUE ACADEMY (EIN 85-0129165)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-02-11
IRS object ID: 201340429349300629
Schema version: 2011v1.5
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 G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-11T10:07:19-06:00	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	KPMG LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	210 Park Ave Suite 2850	AddressLine1
City	Oklahoma City	City
State	OK	State
ZIP Code	73102	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	850129165	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ALBUQUERQUE ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% BRENT WHEELIS	InCareOfName
Name Control	ALBU	NameControl
Phone	5058283200	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6400 WYOMING BLVD NE	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	871093899	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GARY GORDON	Name
Title	TREASURER	Title
Phone	5058283200	Phone
Date Signed	2013-02-07	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	4052396411	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ANDREW T WATSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	6400 WYOMING BLVD NE	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	871093899	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	22518447	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.AA.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1955	YearFormation
State Legal Domicile	NM	StateLegalDomicile
Activity Or Mission Description	ALBUQUERQUE ACADEMY (" THE ACADEMY") IS A NON-DENOMINATIONAL, COEDUCATIONAL, INDEPENDENT DAY SCHOOL SERVING 1,129 STUDENTS IN GRADES 6 THROUGH 12, AS OF JUNE 30, 2012. SEE SCHEDULE O,GENERAL STMT 1	ActivityOrMissionDescription
Nbr Voting Members Governing Body	19	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	19	NbrIndependentVotingMembers
Total Nbr Employees	957	TotalNbrEmployees
Total Nbr Volunteers	573	TotalNbrVolunteers
Total Gross UBI	-28085	TotalGrossUBI
Net Unrelated Business Txbl Income	-28085	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	2163076	ContributionsGrantsPriorYear
Contributions Grants Current Year	2577180	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	24270129	ProgramServiceRevenuePriorYear
Program Service Revenue CY	25158795	ProgramServiceRevenueCY
Investment Income Prior Year	8374618	InvestmentIncomePriorYear
Investment Income Current Year	6034094	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-1820	OtherRevenuePriorYear
Other Revenue Current Year	-31208614	OtherRevenueCurrentYear
Total Revenue Prior Year	34806003	TotalRevenuePriorYear
Total Revenue Current Year	2561455	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	4533127	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	5142582	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	21991661	SalariesEtcPriorYear
Salaries Etc Current Year	23303174	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	82973	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	951521	TotalFundrsngExpCurrentYear
Other Expense Prior Year	12909232	OtherExpensePriorYear
Other Expenses Current Year	10442256	OtherExpensesCurrentYear
Total Expenses Prior Year	39434020	TotalExpensesPriorYear
Total Expenses Current Year	38970985	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-4628017	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-36409530	RevenuesLessExpensesCY
Total Assets BOY	170456659	TotalAssetsBOY
Total Assets EOY	132852980	TotalAssetsEOY
Total Liabilities BOY	46771358	TotalLiabilitiesBOY
Total Liabilities EOY	50746236	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	123685301	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	82106744	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	SEE SCHEDULE O, GENERAL STATEMENT 2	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	25952166	Expense
Grants	5141172	Grants
Revenue	20791402	Revenue
Description	SEE SCHEDULE O, GENERAL STATEMENT 3	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	1758958	Expense
Grants	1410	Grants
Revenue	1967977	Revenue
Description	SEE SCHEDULE O, GENERAL STATEMENT 3	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	762955	Expense
Grants	0	Grants
Revenue	1323786	Revenue
Description	SEE SCHEDULE O, GENERAL STATEMENT 4	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	1764408	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	1075630	TotalOfOtherProgramServiceRev
Total Program Service Expense	30238487	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	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	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	true	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
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	true	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	true	RelatedOrgControlledEntity
Transaction Related Entity	true	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Info In Schedule O Part V	X	InfoInScheduleOPartV
Number Forms Transmitted With1096	108	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	957	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
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	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
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	19	NbrVotingGoverningBodyMembers
Number Independent Voting Members	19	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	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	false	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	AZ	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	ID	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NM	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	BRENT WHEELIS	NamePerson
Telephone Number	5058283231	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	6400 WYOMING BLVD NE	AddressLine1
City	ALBUQUERQUE	City
State	NM	State
ZIP Code	871093899	ZIPCode

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

Form990 Part VII Section A Form990PartVIISectionA (26 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
WALTER E STERN III
CHAIR	5.0	X	0	0	0
SARAH KOTCHIAN
VICE CHAIR	2.0	X	0	0	0
RANDAL H TALBOT
TRUSTEE	2.0	X	0	0	0
PAM GARRETT
SECRETARY	2.0	X	0	0	0
THOMAS J BACA
TRUSTEE	2.0	X	0	0	0
THOMAS SMIDT
TRUSTEE	2.0	X	0	0	0
TRACY SMALL
TRUSTEE	2.0	X	0	0	0
NAOMI GABEL FINDLEY
TRUSTEE	2.0	X	0	0	0
JENNIFER DAVIS HALL
TRUSTEE	2.0	X	0	0	0
HEIDI HEARD
TRUSTEE	2.0	X	0	0	0
SANDRA RICCI
TRUSTEE	2.0	X	0	0	0
RONALD W MOYA
TRUSTEE	2.0	X	0	0	0
ANDREW HSI
TRUSTEE	2.0	X	0	0	0
KAREN KNAUF
TRUSTEE	2.0	X	0	0	0
IAN MCKINNON
TRUSTEE	2.0	X	0	0	0
JOLYNN MURAIDA
TRUSTEE	2.0	X	0	0	0
VALERIE ROMERO-LEGGOT
TRUSTEE	2.0	X	0	0	0
GARY SLACK
TRUSTEE	2.0	X	0	0	0
HOPE MEAD WYNN
ASSISTANT SECRETARY	2.0	X	0	0	0
ANDREW T WATSON
HEAD OF SCHOOL	40.0		337095	0	34811	X
GARY GORDON
TREASURER	40.0		225353	0	39528	X
DON SMITH
ASS.HEAD OF SCH./8-9 DIV. HEAD	40.0		143342	0	25053		X
NANCY PARKER
BUSINESS MANAGER OF OPERATIONS	40.0		111724	0	15175		X
JEFFREY MORGAN
DIRECTOR OF DEVELOPMENT	40.0		107882	0	18466		X
PAMELA SCANLON
BUSINESS MANAGER FOR FINANCE	40.0		105365	0	21261		X
MICHAEL LINSELL
6/7 DIVISION HEAD	40.0		102926	0	21257		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1133687	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	175551	TotalOtherCompensation
Number Individuals GT100 K	9	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
BLUE CROSS BLUE SHIELD OF NEW MEXIC
PO BOX 1186	CHICAGO	IL	60690	HEALTH INS.- MEDICAL	1879540
ENERGY CONTROL INC
2600 AMERICAN ROAD SE SUITE 360	RIO RANCHO	NM	87124	SECURTIY & ENERGY	1540954
RC ENERGY AA LLC
C/O MB FINANCIAL BANK PO BOX 743	CHICAGO	IL	60690	RENEWABLE ENERGY	477577
MANUAL LUJAN AGENCIES
4801 INDIAN SCHOOL RD	ALBUQUERQUE	NM	871903727	INSURANCE BROKER	303048
DELTA DENTAL PLAN OF NEW MEXICO
PO BOX 27678	ALBUQUQUERQUE	NM	871257678	HEALTH INS.- DENTAL	276551

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	14	NumberOfContractorsGT100K
Fundraising Events	43560	FundraisingEvents
Government Grants	211556	GovernmentGrants
All Other Contributions	2322064	AllOtherContributions
Noncash Contributions	206797	NoncashContributions
Total Contributions	2577180	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TUITION & FEES	900099	20791402	20791402
SUMMER SCHOOL/OUTREACH	900099	1967977	1967977
FOOD SERVICES	900099	1323786	1323786
BOOKSTORE	900099	556641	556641
CHARGER AQUATICS	900099	314188	314188

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	204801	TotalRevenueColumn
Related Or Exempt Function Income	204801	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	25158795	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	5183529	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-28085	UnrelatedBusinessRevenue
Exclusion	$5,211,614	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	20787049	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	19936484	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	850565	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	850565	TotalRevenueColumn
Exclusion	$850,565	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	17970	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	43560	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	20508	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-2538	TotalRevenueColumn
Exclusion	-$2,538	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
IMPAIRMENT OF INVESTMENT IN HDIC	900099	-19379938	-$19,379,938
IMPAIRMENT OF MARIPOSA REAL ESTATE	900099	-6035123	-$6,035,123
ASSUMPTION OF HDIC NOTE PAYABLE	900099	-4000000	-$4,000,000

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	-1791015	TotalRevenueColumn
Exclusion	-$1,791,015	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	-31206076	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2561455	TotalRevenueColumn
Related Or Exempt Function Income	25158795	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-28085	UnrelatedBusinessRevenue
Exclusion	-$25,146,435	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	5142582	Total
Program Services	5142582	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	676452	Total
Program Services	272807	ProgramServices
Management And General	364673	ManagementAndGeneral
Fundraising	38972	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	70852	Total
Program Services	70852	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	16705768	Total
Program Services	14778028	ProgramServices
Management And General	1507622	ManagementAndGeneral
Fundraising	420118	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1256913	Total
Program Services	1107203	ProgramServices
Management And General	118478	ManagementAndGeneral
Fundraising	31232	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	3349551	Total
Program Services	3062114	ProgramServices
Management And General	237790	ManagementAndGeneral
Fundraising	49647	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1243638	Total
Program Services	1102634	ProgramServices
Management And General	110775	ManagementAndGeneral
Fundraising	30229	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	31728	Total
Management And General	31728	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	125500	Total
Management And General	125500	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	82973	Total
Fundraising	82973	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	378440	Total
Management And General	378440	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	179281	Total
Program Services	174185	ProgramServices
Management And General	4157	ManagementAndGeneral
Fundraising	939	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	236065	Total
Program Services	40803	ProgramServices
Management And General	151680	ManagementAndGeneral
Fundraising	43582	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	354565	Total
Program Services	171712	ProgramServices
Management And General	122939	ManagementAndGeneral
Fundraising	59914	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	327489	Total
Management And General	327489	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	973484	Total
Program Services	918543	ProgramServices
Management And General	54212	ManagementAndGeneral
Fundraising	729	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	286299	Total
Program Services	242460	ProgramServices
Management And General	12578	ManagementAndGeneral
Fundraising	31261	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	392421	Total
Program Services	231040	ProgramServices
Management And General	16296	ManagementAndGeneral
Fundraising	145085	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	1835701	Total
Management And General	1835701	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2225799	Total
Management And General	2225799	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	161663	Total
Program Services	107796	ProgramServices
Management And General	50907	ManagementAndGeneral
Fundraising	2960	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
SUMMER SCH./FOOD SER./BOOK	1131412	1131412
INSTRUCTIONAL/STU. ACTIVITY	1026538	1026538
MAINTENANCE & GROUNDS	527933	527933
ADMINISTRATIVE	179337	70764	94693	13880

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	68601	Total
Program Services	59081	ProgramServices
Management And General	9520	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	38970985	Total
Program Services	30238487	ProgramServices
Management And General	7780977	ManagementAndGeneral
Fundraising	951521	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	4651740	BOY
EOY	2808152	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	6125199	BOY
EOY	3373574	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	146567	BOY
EOY	943994	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1243139	BOY
EOY	497380	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	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	0	BOY
EOY	2000	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	180748	BOY
EOY	266626	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	692309	BOY
EOY	645094	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	78369798	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	45480826	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	31993396	BOY
EOY	32888972	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	67207785	BOY
EOY	58303421	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	57114751	BOY
EOY	32207575	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1101025	BOY
EOY	916192	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	170456659	BOY
EOY	132852980	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2427668	BOY
EOY	2383408	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	1262233	BOY
EOY	1360995	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	37270984	BOY
EOY	37227532	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	4000000	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	5466140	BOY
EOY	5466140	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	344333	BOY
EOY	308161	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	46771358	BOY
EOY	50746236	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	84316414	BOY
EOY	43341943	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	22682261	BOY
EOY	20922491	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	16686626	BOY
EOY	17842310	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	123685301	BOY
EOY	82106744	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	170456659	BOY
EOY	132852980	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-36409530	ReconcilationRevenueExpenses
Reconcilation Other Changes	-5169027	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	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

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts

Held Works Of Art Amts HeldWorksOfArtAmts

Field	Value	IRS element (for citing)
Assets In Part X	177494	AssetsInPartX

Field	Value	IRS element (for citing)
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Preservation	X	CollectUsedForPreservation
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	126002365	BeginningOfYearBalance
Contributions	1087464	Contributions
Investment Earnings Or Losses	-26611969	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	8312731	OtherExpenditures
Administrative Expenses	1283937	AdministrativeExpenses
End Of Year Balance	90881192	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	131182768	BeginningOfYearBalance
Contributions	229222	Contributions
Investment Earnings Or Losses	6215947	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	10799680	OtherExpenditures
Administrative Expenses	825892	AdministrativeExpenses
End Of Year Balance	126002365	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	181487718	BeginningOfYearBalance
Contributions	1258417	Contributions
Investment Earnings Or Losses	-35400594	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	12137729	OtherExpenditures
Administrative Expenses	4025044	AdministrativeExpenses
End Of Year Balance	131182768	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	244608876	BeginningOfYearBalance
Contributions	516520	Contributions
Investment Earnings Or Losses	-55419476	InvestmentEarningsOrLosses
Grants Or Scholarships	0	GrantsOrScholarships
Other Expenditures	13829914	OtherExpenditures
Administrative Expenses	-5611712	AdministrativeExpenses
End Of Year Balance	181487718	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.61100	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.19600	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.19300	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	397024	OtherCostOrOtherBasis
Book Value	397024	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	61970235	OtherCostOrOtherBasis
Depreciation	32969470	Depreciation
Book Value	29000765	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	0	Depreciation
Book Value	0	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10940283	OtherCostOrOtherBasis
Depreciation	9514867	Depreciation
Book Value	1425416	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5062257	OtherCostOrOtherBasis
Depreciation	2996490	Depreciation
Book Value	2065767	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	32888972	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives
Closely Held Equity Interests		CloselyHeldEquityInterests

Other Securities OtherSecurities (5 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
PARTNERSHIP INVESTMENTS	15467844	F
SANDOVAL COUNTY REAL ESTATE	12525000	F
ASSETS HELD IN TRUST BY OTHERS	4141612	F
OTHER INVESTMENTS	44318	F
DONA ANA COUNTY REAL ESTATE	28801	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	32207575	TotalOfBookValueSecurities
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	ANNUITY & OTHER SPLIT INTEREST	Description
Amount	$308,161	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	308161	TotalOfAmounts
Total Revenue	2561455	TotalRevenue
Total Expenses	38970985	TotalExpenses
Excess Or Deficit For Year	-36409530	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-5169027	NetUnrealizedGLOnInvestments
Total Adjustments	-5169027	TotalAdjustments
Excess Or Deficit Per FS	-41578557	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	28348558	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-5169027	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-5169027	RevenueNotRptdF990
Revenue Subtotal	33517585	RevenueSubtotal
Investment Expenses Not Included	270454	InvestmentExpensesNotIncluded
Other Revenues Not Included	-31226584	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-30956130	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	2561455	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	69927115	TotExpensesEtcAuditedFinclStmt
Losses Reported	31206076	LossesReported
Expenses Not Rptd F990	31206076	ExpensesNotRptdF990
Expenses Subtotal	38721039	ExpensesSubtotal
Investment Expenses Not Included2	270454	InvestmentExpensesNotIncluded2
Other Expenses Not Included	-20508	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	249946	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	38970985	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	ExplanationExplanation
SCHEDULE D, PART III, LINE 4	THE ACADEMY MAINTAINS A SMALL ART COLLECTION CONSISTING OF ITEMS DONATED TO THE SCHOOL OVER APPROXIMATELY THE PAST 25 YEARS. INCLUDED IN THIS COLLECTION IS A SERIES OF PHOTOGRAVURES, A FLEMISH TAPESTRY, AND SEVERAL OIL PAINTINGS (INCLUDING PORTRAITS OF MR. & MRS. SIMMS, MAJOR DONORS TO THE ACADEMY). THE ART COLLECTION IS CURRENTLY DISPLAYED IN VARIOUS VENUES ACROSS CAMPUS FOR THE EDIFICATION OF OUR STUDENTS AS WELL AS FOR THE ENJOYMENT OF VISITORS TO OUR CAMPUS. IT IS ANTICIPATED THAT ITEMS WITHIN THE COLLECTION WILL GROW IN VALUE OVER TIME AND MAY EVENTUALLY BE SOLD TO SUPPORT VARIOUS PROGRAMS AND INITIATIVES BENEFITING THE ACADEMY'S STUDENTS.
SCHEDULE D, PART V, LINE 4	ALBUQUERQUE ACADEMY'S ENDOWMENT, CONSISTING OF PERMANENT FUNDS AND A QUASI-ENDOWMENT FUND, PROVIDES VITAL FINANCIAL SUPPORT FOR THE OVERALL MISSION OF THE ACADEMY. THE ENDOWMENT SUSTAINS OPPORTUNITIES OF REMARKABLE SCOPE, INCLUDING EXPERIENTIAL AND OUTDOOR EDUCATION, DEEP ACADEMIC EXCELLENCE, GLOBAL EXCHANGES AND LANGUAGES AND SUSTAINABILITY INITIATIVES CLOSELY ATTUNED TO OUR CHANGING WORLD. THESE PROGRAMS MAKE THE STUDENT EXPERIENCE HERE ONE OF THE BROADEST IN INDEPENDENT EDUCATION. THE ENDOWMENT ALSO SUPPORTS OUR UNIQUE ADMISSION PROCESS AND GENEROUS FINANCIAL AID PROGRAM. THESE PROGRAMS ARE COMMITTED TO PROVIDING ACCESS TO THE ACADEMY FOR STUDENTS OF TALENT AND CHARACTER FROM THROUGHOUT THE CITY, REGION, AND (AT TIMES) COUNTRY AS THEY SEEK AN ENRICHED AND MEANINGFUL EDUCATIONAL EXPERIENCE. THE ACADEMY'S ENDOWMENT SUPPORTS OUR OUTREACH PROGRAMS ACROSS CAMPUS EVENTS. OUR EVENING COMMUNITY ACADEMY CLASSES AND LECTURES, CHARGER AQUATICS PROGRAM, SUMMER SESSION, AND ARTISTIC, ATHLETIC, AND VOLUNTEER EVENTS ON CAMPUS ALL EXEMPLIFY OUR COMMUNITY OUTREACH AND THE ACADEMY'S BELIEF IN LIFE-LONG LEARNING. FOR THE CURRENT YEAR, THE ACADEMY HAS CHANGED THE PRESENTATION OF THE ENDOWMENT FUND ROLLFORWARD TO MORE ACCURATELY ALIGN WITH THE FORM INSTRUCTIONS. FOR THE PRIOR YEARS DISCLOSED, THE ACADEMY HAS CHANGED THE PRESENTATION TO BE CONSISTENT AND COMPARABLE WITH THE CURRENT YEAR PRESENTATION, AS SUCH THE PRIOR YEAR AMOUNTS WILL APPEAR TO BE DIFFERENT IF COMPARED TO PRIOR FORM 990 FILINGS OF THE ACADEMY. AS A RESULT OF THIS CHANGE LINE 1(F) NOW APPROPRIATELY REFLECTS THE NET AMOUNTS THAT WERE TRANSFERRED (TO) FROM THE ENDOWMENT FUND FROM THE ACADEMY'S CURRENT FUND.
SCHEDULE D, PART X, LINE 2	THE ACADEMY'S INCOME TAX FOOTNOTE CONTAINS A DESCRIPTION OF THE REQUIREMENTS OF ASC 740 - INCOME TAXES. THE FOOTNOTE IN THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012 CONTAINS THE FOLLOWING: THE ACADEMY IS A NOT-FOR-PROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IN 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), ISSUED AUTHORITATIVE GUIDANCE RELATING TO THE ACCOUNTING FOR THE UNCERTAINTY IN INCOME TAXES, WHICH WAS EFFECTIVE FOR THE ACADEMY FOR THE YEAR ENDED JUNE 30, 2012. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). THE GUIDANCE ALSO REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ACADEMY'S INFORMATION RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. IN ADDITION, GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION WAS ALSO PROVIDED. AS OF JUNE 30, 2012, THE ACADEMY PERFORMED A COMPREHENSIVE REVIEW OF OUR MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THESE REVIEWS, THE ACADEMY QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. ADDITIONALLY, THE ACADEMY DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD.
SCHEDULE D, PART XII, LINE 4B	RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH REVENUE PER RETURN IMPAIRMENT OF INVESTMENT IN HDIC $19,379,938 IMPAIRMENT OF MARIPOSA REAL ESTATE $ 6,035,123 ASSUMPTION OF HDIC NOTE PAYABLE $ 4,000,000 NET LOSS OF HDIC $ 1,791,015 SKIP PORTER EXPENSES $ 20,508 -------------- $31,226,584 ============== THE IMPAIRMENT OF INVESTMENT IN HDIC, IMPAIRMENT OF MARIPOSA REAL ESTATE, ASSUMPTION OF HDIC NOTE PAYABLE, AND NET LOSS OF HDIC ARE DISCUSSED IN DETAIL IN SCHEDULE O, GENERAL STATEMENT 10, UNDER THE HEADING PART VIII - STATEMENT OF REVENUE, FOR FURTHER DISCUSSION. THE SKIP PORTER EXPENSES RELATE TO EXPENSES INCURRED FOR THE ANNUAL SKIP PORTER MEMORIAL GOLF TOURNAMENT FUNDRAISING EVENT THAT THE ACADEMY HOSTS. UNDER GAAP THESE EXPENSES ARE CLASSIFIED AS AN EXPENSE AND DO NOT NET AGAINST REVENUE. SCHEDULE D, PART XIII, LINE 4B PART XIII - RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN THE OTHER AMOUNT OF $(20,508) THAT IS REFLECTED IN THIS RECONCILIATION REPRESENTS THE EXPENSES INCURRED BY THE ACADEMY FOR THE ANNUAL SKIP PORTER MEMORIAL GOLF TOURNAMENT FUNDRAISING EVENT. UNDER GAAP THESE EXPENSES ARE CLASSIFIED AS EXPENSE ON THE STATEMENT OF REVENUE. FOR FORM 990 PRESENTATION THESE AMOUNTS ARE RECLASSIFIED TO THE FORM 990 STATEMENT OF REVENUE AND NETTED AGAINST THE ASSOCIATED INCOME FOR THE FUNDRAISING EVENT.

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 (2 entries)

IdentifierIdentifier

ExplanationExplanation

PART I, LINE 3

ALBURQUERQUE ACADEMY PUBLISHES ITS NON-DISCRIMINATION STATEMENT IN THE FOLLOWING METERIALS: 1. SCHOOL MAGAZINE "THE CURRENT" (ANUALLY) 2. ADMISSION BROCHURE 3. ADMISSION VIEW BOOK 4. ADMISSION/FINANCIAL AID FORMS 5. COLLEGE PROFILE GUIDE 6. SUMMER SESSION CATALOGUE 7. NEW PARENT GUIDEBOOK 8. POSTED ON THE ACADEMY'S WEBSITE ON THE EMPLOYMENT PAGE 9. ALBUQUERQUE JOURNAL (ANUALLY)

PART I, LINE 6A

THE ACADEMY RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT IN THE FORM OF THE NATIONAL SCHOOL LUNCH PROGRAM AND FROM THE STATE OF NEW MEXICO IN THE FORM OF AN ALLOCATION OF FUNDS FOR THE BENEFIT OF CHILDREN TO ASSIST IN THE PURCHASE OF TEXTBOOKS. THE ALBUQUERQUE ACADEMY EDUCATIONAL FOUNDATION IS AN ENTITY WHOSE PRINCIPAL PURPOSE IS TO SUPPORT THE NEW MEXICO MEMBER SCHOOLS OF THE INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST. THE FOUNDATION IS OPERATED, SUPERVISED, AND CONTROLLED BY THE ACADEMY. EFFECTIVE JULY 1, 2009, THE FOUNDATION SUSPENDED THE AWARDING OF GRANTS UNTIL SUCH TIME AS ECONOMIC CONDITIONS MAKE IT FEASIBLE TO RESUME THE AWARDS. NO GRANTS WERE AWARDED DURING THE TAX YEAR ENDED JUNE 30, 2012.

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	true	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

Field	Value	IRS element (for citing)
Name Of Individual	CAMPBELL COMPANY LAGUNA BEACH CA	NameOfIndividual

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1278 GLENNEYRE STREET 401	AddressLine1
City	LAGUNA BEACH	City
State	CA	State
ZIP Code	92651	ZIPCode

Field	Value	IRS element (for citing)
Activity	LAUNCH CAMPAIGN	Activity
Fundraiser Control Of Funds	false	FundraiserControlOfFunds
Gross Receipts	0	GrossReceipts
Amount Retained By Contractor	82973	AmountRetainedByContractor
Net To Organization	-82973	NetToOrganization

Field	Value	IRS element (for citing)
Total Gross Receipts	0	TotalGrossReceipts
Total Retained By Contractors	82973	TotalRetainedByContractors
Total Net To Organization	-82973	TotalNetToOrganization

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GOLF TOURN.	NameOfEvent1
Gross Receipts Event1	61530	GrossReceiptsEvent1
Charitable Contributions Event1	43560	CharitableContributionsEvent1
Gross Revenue Event1	17970	GrossRevenueEvent1
Cash Prizes Event1	1400	CashPrizesEvent1
Non Cash Prizes Event1	24	NonCashPrizesEvent1
Rent Facility Costs Event1	15040	RentFacilityCostsEvent1
Food And Beverage Event1	2623	FoodAndBeverageEvent1
Other Direct Expenses Event1	1421	OtherDirectExpensesEvent1
Total Number Of Other Events	0	TotalNumberOfOtherEvents
Gross Receipts Total	61530	GrossReceiptsTotal
Charitable Contributions Total	43560	CharitableContributionsTotal
Gross Revenue Total Events	17970	GrossRevenueTotalEvents
Cash Prizes Total Events	1400	CashPrizesTotalEvents
Non Cash Prizes Total Events	24	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	15040	RentFacilityCostsTotalEvents
Food And Beverage Total Events	2623	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	1421	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	20508	DirectExpenseSummaryEvents
Net Income Summary	-2538	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	FINANCIAL AID FOR ACADEMY STUDENTS	TypeOfGrant
Number Of Recipients	353	NumberOfRecipients
Amount Of Cash Grant	5142582	AmountOfCashGrant
Method Of Valuation	N/A	MethodOfValuation

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	SUPPLEMENTAL INFORMATION	Identifier
Return Reference	SCHEDULE I PART 1, LINE 2:	ReturnReference
Explanation	FINANCIAL AID IS AWARDED BASED SOLELY UPON DEMONSTRATED FINANCIAL NEED. A FAMILY'S NEED IS ASSESSED THROUGH A COMPREHENSIVE SCREENING PROCESS. THE PROCESS REQUIRES THAT THE FAMILY COMPLETE AN APPLICATION AND PROVIDE THE ACADEMY WITH A FULL SET OF TAX RETURNS INCLUDING ALL SUPPORTING SCHEDULES. TO DETERMINE THE APPROPRIATE GRANT, THE ACADEMY UTILIZES A STANDARD METHODOLOGY PROVIDED BY SCHOOL AND STUDENT SERVICES (SSS) AND WHICH IS USED BY INDEPENDENT SCHOOLS NATIONWIDE. THIS METHODOLOGY CALCULATES A CONTRIBUTION FOR EACH INDIVIDUAL FAMILY BASED UPON THE FAMILY'S SPECIFIC FINANCIAL SITUATION AND DISCRETIONARY INCOME. PRIOR TO MAKING ANY AWARD, EACH APPLICANT'S FILE AND PROPOSED AWARD IS CAREFULLY REVIEWED BY A COMMITTEE TO ENSURE THE DECISIONS ARE BASED ON CONSISTENT APPLICATION OF NEED BASED CRITERIA. FINANCIAL AID IS AWARDED FOR ONE YEAR ONLY; APPLICANTS MUST REAPPLY ANNUALLY BY SUBMITTING A NEW APPLICATION AND CURRENT TAX DOCUMENTATION. IN ADDITION TO A COMMITTEE REVIEW OF EACH AWARD, THE FINANCIAL AID OFFICE OF THE ACADEMY CONDUCTS A RANDOM AUDIT OF FILES ANNUALLY AS ANOTHER MEASURE TO ENSURE THAT ALL FINANCIAL AID IS BEING AWARDED APPROPRIATELY AND WITH THE PROPER SUPPORTING DOCUMENTATION. ON A MONTHLY BASIS, THE BUSINESS OFFICE OF THE ACADEMY COMPARES THE FINANCIAL AID SUBSIDIARY LEDGER POSTINGS TO A LIST OF AID AWARDS PROVIDED BY THE FINANCIAL AID OFFICE OF THE ACADEMY TO ENSURE THERE ARE NO DISCREPANCIES BETWEEN THE TWO AMOUNTS. ANY DISCREPANCIES ARE PROMPTLY RESEARCHED AND RESOLVED.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (3 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
ANDREW T WATSON
297095	0	40000	0	0	0	24500	0	10311	0	371906	0	0	0
GARY GORDON
190353	0	35000	0	0	0	11612	0	27916	0	264881	0	0	0
DON SMITH
143342	0	0	0	0	0	14741	0	10312	0	168395	0	0	0

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	VILLAGE OF LOS RANCHOS DE ALBUQUERQUE	BusinessNameLine1

Field	Value	IRS element (for citing)
Issuer EIN	850236091	IssuerEIN
CUSIP Number	545610AR8	CUSIPNumber
Date Issued	2010-09-21	DateIssued
Issue Price	37303574	IssuePrice
Description Of Purpose	SEE SCHEDULE O	DescriptionOfPurpose
Defeased	false	Defeased
On Behalf Of Issuer	false	OnBehalfOfIssuer
Pool Financing	false	PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

Field	Value	IRS element (for citing)
Amount Retired	0	AmountRetired
Amount Bond Defeased	0	AmountBondDefeased
Total Proceeds	37303574	TotalProceeds
Amount In Reserve Fund	3305583	AmountInReserveFund
Capitalized Interest	0	CapitalizedInterest
Refunding Escrow	0	RefundingEscrow
Issuance Costs From Proceeds	413341	IssuanceCostsFromProceeds
Credit Enhancement	0	CreditEnhancement
Working Capital Expenditures	0	WorkingCapitalExpenditures
Capital Expenditures	0	CapitalExpenditures
Other Spent Proceeds	33584650	OtherSpentProceeds
Amount Unspent	0	AmountUnspent
Year Of Subst Completion	2010	YearOfSubstCompletion
Current Refunding	true	CurrentRefunding
Advance Refunding	false	AdvanceRefunding
Final Allocation Made	false	FinalAllocationMade
Adequate Books And Recds Maintaind	true	AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

Field	Value	IRS element (for citing)
Owning Bond Financed Property	false	OwningBondFinancedProperty
Any Lease Arrangements	false	AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty	false	MngmentCntrctBondFinancdPrprty
Any Research Agreements	false	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	true	PostIssuanceComplianceProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

Field	Value	IRS element (for citing)
Form8038 T Filed	false	Form8038TFiled
Variable Rate Issue	false	VariableRateIssue
Hedge Identified In Books And Recds	false	HedgeIdentifiedInBooksAndRecds

Name Of Hedge Provider NameOfHedgeProvider

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested In GIC	false	GrossProceedsInvestedInGIC

Name Of GIC Provider NameOfGICProvider

Field	Value	IRS element (for citing)
Business Name Line1	0	BusinessNameLine1

Field	Value	IRS element (for citing)
Gross Proceeds Invested	false	GrossProceedsInvested
Exception To Rebate	false	ExceptionToRebate

Field	Value	IRS element (for citing)
Fed Tax Requirements Compliance	X	FedTaxRequirementsCompliance

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	CAROL WATSON	NamePerson

Field	Value	IRS element (for citing)
Relationship	SPOUSE OF HEAD OF SCHOOL	Relationship
Amount Of Transaction	65245	AmountOfTransaction
Description Of Transaction	2011 FORM W-2 SALARY (BOX 5)	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArt
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest
Books And Publications		BooksAndPublications
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	10	NumberOfContributions
Noncash Contribs Rptd F990	206797	NoncashContribsRptdF990
Method Of Determining Revenues	SELLING PRICE	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther
Collectibles		Collectibles
Food Inventory		FoodInventory
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts
Number Of8283 Received	0	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	true	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

Field	Value	IRS element (for citing)
Identifier	PART I, LINE 32B	Identifier
Explanation	THE ACADEMY USES THE SERVICES OF MERRILL LYNCH TO LIQUIDATE THE NONCASH CONTRIBUTIONS WITHIN SEVERAL DAYS OF THE CONTRIBUTION BEING MADE.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (14 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
GENERAL STATEMENT 1	FORM 990 PART I, LINE 1 MISSION STATEMENT	THE ACADEMY WAS THE FORTUNATE RECIPIENT OF A TRANSFORMATIONAL GIFT OF LAND IN THE EARLY SIXTIES AND, FITTINGLY, HAS CHOSEN TO USE THIS GIFT TO ENSURE ECONOMIC ACCESSIBILITY TO STUDENTS LIVING THROUGHOUT THE CITY OF ALBUQUERQUE AND THE REGION. TODAY THE ACADEMY OFFERS STUDENTS AN EDUCATION THAT IS WITHOUT EQUAL IN THE SOUTHWEST. STUDENTS FROM 90 SCHOOLS SHARE AN INSATIABLE CURIOSITY AND ARE SERVED BY TEACHERS WHO DELIVER THEIR EXPERTISE IN CREATIVE AND ENGAGING WAYS. STUDENTS IN THE 6/7 DIVISION FOLLOW A NON-TRADITIONAL SCHEDULE THAT ALLOWS FOR TEACHING FLEXIBILITY AND ADAPTABILITY IN AN EVER-CHANGING WORLD. STUDENTS IN THE 8/9 DIVISION ARE GIVEN THEIR OWN CAMPUS SPACE AND THEIR OWN ACCOUNTABILITY TO HELP THEM GROW INTO CONFIDENT YOUNG ADULTS. FOR THE 10/12 DIVISION, COURSE WORK INVOLVES INCREASINGLY PHILOSOPHICAL AND ANALYTICAL THOUGHT. ACADEMY STUDENTS SERVE THE COMMUNITY TO WHICH THEY BELONG, COMPETE IN A VARIETY OF COMPETITIVE SPORTS AND PARTICIPATE IN A VARIETY OF ACADEMIC CLUBS AND STUDENT ORGANIZATIONS. MOST ACADEMY STUDENTS ATTEND FOUR-YEAR COLLEGES AND UNIVERSITIES UPON GRADUATION, MANY OF THEM ENROLLING AT SOME OF THE BEST UNIVERSITIES IN THE COUNTRY. ADMISSION TO THE ACADEMY IS COMPETITIVE; APPROXIMATELY ONE-THIRD OF THOSE WHO APPLY ARE OFFERED ADMISSION. FOR THE 2011-2012 SCHOOL YEAR, THE STUDENT BODY CONSISTED OF 47.7% BOYS AND 52.3% GIRLS, 49.2% ARE STUDENTS OF COLOR AND 31.3% RECEIVED APPROXIMATELY $5.1 MILLION IN FINANCIAL AID. FINANCIAL AID IS BASED ON DEMONSTRATED FINANCIAL NEED; ONLY AFTER STUDENTS ARE ADMITTED AND THEIR NEEDS ARE ASSESSED AND FINANCIAL AID IS OFFERED.
GENERAL STATEMENT 2	FORM 990 PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION	WE BELIEVE THAT CHILDREN'S LIVES CHANGE WHEN THEIR NATURAL PASSION FOR LEARNING IS NURTURED AND TRANSFORMED INTO HABITS OF LIFE-LONG LEARNING AND REFLECTION. WE BELIEVE THAT THE WORLD CHANGES AS THESE CHILDREN LEARN TO SERVE COUNTRY AND COMMUNITY WITH WISDOM, CONVICTION, AND COMPASSION. IN LIGHT OF THESE BELIEFS: WE SERVE STUDENTS OF TALENT AND CHARACTER, OFFERING THEM AN EDUCATION THAT BROADENS THEIR PERSPECTIVE, SHARPENS THEIR MINDS, STRENGTHENS THEIR BODIES, AND ENGAGES THEIR HEARTS. WE COMMIT TO CREATING A CARING, INCLUSIVE, AND JUST COMMUNITY, USING THE GEOGRAPHY AND CULTURE OF OUR HOME IN THE SOUTHWEST TO ENRICH OUR EDUCATIONAL PROGRAMS AND TO FOSTER CREATIVITY, PERSONAL BALANCE AND A CONNECTION TO THE NATURAL WORLD. WE DEVOTE OUR RESOURCES TO ENSURE ECONOMIC ACCESSIBILITY TO OUR STUDENTS AND TO SUPPORT THE WIDER COMMUNITY THROUGH OUTREACH AND COMMUNITY SERVICE. WE ENTRUST THIS MISSION TO OUR GRADUATES AND SUCCESSORS AS WE PRESERVE OUR RESOURCES AND SERVE THE CHILDREN OF GENERATIONS TO COME.
GENERAL STATEMENT 3	FORM 990 PART III, LINE 4A-4B, PROGRAM SERVICE ACCOMPLISHMENTS	LINE 4A: THE ACADEMY OPENED ITS DOORS IN THE FALL OF 1955 WITH 12 BOYS IN GRADES 7 THROUGH 9, TWO TEACHERS, AND FOUNDING HEAD WILLIAM B.S. WILBURN. CLASSES WERE HELD IN RENTED SPACE IN THE PARISH HALL OF ST. MICHAEL'S AND ALL ANGELS CHURCH. IN 1957, ENROLLMENT HAD GROWN TO 75 BOYS AND THE SCHOOL MOVED TO A 27-ACRE SITE ON NORTH EDITH BOULEVARD IN ALBUQUERQUE, NM. THE FIRST CLASS OF SEVEN BOYS GRADUATED IN 1960. IN 1966, THE SCHOOL MOVED TO ITS PRESENT LOCATION, AND IN 1967-68 WAS HOME TO 405 BOYS. GIRLS WERE ADMITTED IN GRADES 9-12 IN 1973. FOR THE SCHOOL YEAR 2011-2012, THE ACADEMY SERVED 1,129 GIRLS AND BOYS IN GRADES 6 THROUGH 12. THE ACADEMY'S REMARKABLE GROWTH WAS MADE POSSIBLE LARGELY THROUGH THE TRANSFORMATIONAL GIFT OF ALBERT G. SIMMS, A NEW MEXICO FINANCIER AND RANCHER, AND HIS WIFE, RUTH HANNA MCCORMICK SIMMS. IN THE EARLY 1960'S MR. AND MRS. SIMMS GAVE OR BEQUEATHED TO THE ACADEMY (IN TRUST) MORE THAN 12,000 ACRES OF UNDEVELOPED LAND AND 8,000 SHARES OF ALBUQUERQUE NATIONAL BANK (NOW BANK OF AMERICA) STOCK. MOST OF THE UNDEVELOPED LAND HAS BEEN SOLD OVER THE PAST THREE DECADES RESULTING IN THE ENDOWMENT THAT TODAY ENABLES EDUCATION IN A BEAUTIFUL AND UPLIFTING ENVIRONMENT. THE UNIQUENESS OF THE ACADEMY IS DUE, IN LARGE PART, TO ITS COMMITMENT TO A NEED-BLIND ADMISSION POLICY, PROVIDING ACCESSIBILITY TO QUALIFIED STUDENTS FROM THROUGHOUT THE GREATER ALBUQUERQUE COMMUNITY. ONLY AFTER STUDENTS HAVE BEEN CHOSEN ARE THEIR TUITION NEEDS ASSESSED AND FINANCIAL AID OFFERED. EVERY ACADEMY STUDENT BENEFITS FROM THE SCHOOL'S COMMITMENT TO ACCESSIBILITY AND AFFORDABILITY. DIRECT SUPPORT FROM THE ENDOWMENT COVERS 25% OF THE COST NOT COVERED BY TUITION. A FURTHER COMMITMENT OF THE ACADEMY IS TO DIVERSITY AND DEDICATING THE SCHOOL'S RESOURCES TO CREATING AN ENVIRONMENT IN WHICH ALL STUDENTS CAN THRIVE. IT IS THE RESPONSIBILITY OF ALL THE SCHOOL'S CONSTITUENTS TO MAKE THIS ENVIRONMENT CONDUCIVE TO LEARNING AND TO FOSTER MUTUAL RESPECT FOR ONE ANOTHER. THE ACADEMY STUDENT BODY CONSISTED OF 1,129 STUDENTS FOR THE 2011-2012 SCHOOL YEAR. STUDENTS OF COLOR (INCLUDING STUDENTS OF MIDDLE EASTERN, HISPANIC, AFRICAN AMERICAN, ASIAN AND NATIVE AMERICAN ANCESTRY) REPRESENTED 49.2% OF THE TOTAL STUDENT POPULATION FOR THE 2011-2012 SCHOOL YEAR. APPRECIATION FOR DIVERSITY IS ALSO EXTENDED TO THOSE OF VARIOUS SOCIOECONOMIC LEVELS. THE ACADEMY HAS CHOSEN TO VOLUNTARILY PARTICIPATE IN THE USDA'S NATIONAL SCHOOL LUNCH PROGRAM WHICH PROVIDES NUTRITIONALLY BALANCED, LOW-COST OR FREE BREAKFASTS AND LUNCHES TO STUDENTS EACH SCHOOL DAY, SEE ADDITIONAL DISCUSSION IN 4C - FOOD SERVICES BELOW. ACADEMY STUDENTS BENEFIT ACADEMICALLY FROM SMALL CLASSES (AVERAGING 16 STUDENTS IN THE 6/7 DIVISION TO 15 IN THE 10/12 DIVISION) AND A TEACHER-TO-STUDENT RATIO OF 1:9. 311 STUDENTS TOOK AN ADVANCED PLACEMENT EXAM IN MAY 2012. OF THESE STUDENTS, 73% RECEIVED SCORES OF 4 OR 5, AND 91% RECEIVED A SCORE OF 3 OR ABOVE. THE CLASS OF 2012 HAD 33 NATIONAL MERIT SCHOLARSHIP SEMIFINALISTS, 14 COMMENDED STUDENTS AND 16 NATIONAL HISPANIC SCHOLARS. ALMOST ALL ACADEMY GRADUATES ENROLL IN FOUR-YEAR COLLEGES IMMEDIATELY UPON GRADUATION. LINE 4B: THE ACADEMY SUMMER SESSION THE ACADEMY SUMMER SESSION, OFFERED THE OPPORTUNITY TO 1,874 CHILDREN OF THE GREATER ALBUQUERQUE COMMUNITY (MOST NON-AFFILIATED WITH THE REGULAR SCHOOL YEAR) TO PARTICIPATE IN AN ENRICHING AND EXCITING SUMMER EXPERIENCE, DURING THE FISCAL YEAR ENDED JUNE 30, 2012. THE SCHOOL IS EQUALLY PLEASED TO OFFER THIS PROGRAM TO STUDENTS VISITING ALBUQUERQUE AND NEW MEXICO EACH SUMMER. THE PROGRAM HAD 191 CLASS OFFERINGS AND INCLUDES EARLY CHILDHOOD PROGRAMS, A DAY CAMP, VARIOUS SPORTS CAMPS AND SWIM INSTRUCTION FOR CHILDREN FROM PRESCHOOL TO HIGH SCHOOL, FOR THE FISCAL YEAR ENDED JUNE 30, 2012. CREDIT CLASSES IN MATH AND SCIENCE ARE ALSO OFFERED TO HIGH SCHOOL STUDENTS. AN INTEGRAL PART OF THE SESSION IS THE MULTICULTURAL SUMMER HONORS PROGRAM, A SUMMER SCHOLARSHIP PROGRAM FOR ACADEMICALLY TALENTED AND MOTIVATED AFRICAN AMERICAN, NATIVE AMERICAN, HISPANIC AND OTHER STUDENTS WHO WILL BE ENTERING THE FOURTH AND FIFTH GRADES. SUMMER SESSION HAS BEEN AN INTEGRAL PART OF THE ACADEMY SINCE 1984, REINFORCING THE SCHOOL'S UNIQUE MISSION OF ACCESSIBILITY, AFFORDABILITY, EXCELLENCE AND OUTREACH. THE PROGRAM ALSO BUILDS A BROADER SENSE OF COMMUNITY, AS SUMMER STUDENTS AND THEIR SIBLINGS, AS WELL AS CHILDREN OF FACULTY AND ALUMNI RETURN SUMMER AFTER SUMMER. THE SESSION IS STAFFED BY QUALIFIED AND TALENTED INDIVIDUALS WHO COME FROM THROUGHOUT NEW MEXICO AND THE WIDER NATIONAL AND INTERNATIONAL EDUCATIONAL COMMUNITY. THE TEACHER/STUDENT RATIO'S FOR THE SUMMER SESSION OFFERED FOR THE FISCAL YEAR ENDED JUNE 30, 2012 WAS 1:6 FOR THE DAY CAMP AND CHILDREN'S WORKSHOP CLASSES, 1:12 FOR PRE-GRADE 1-2 CLASSES, AND 1:15 FOR ALL OTHER SUMMER PROGRAMS OFFERED.
GENERAL STATEMENT 4	FORM 990 PART III, LINE 4C-4D, PROGRAM SERVICE ACCOMPLISHMENTS	LINE 4C: FOOD SERVICES THE FOOD SERVICE DEPARTMENT SERVES THE ACADEMY COMMUNITY BY PROVIDING NUTRITIOUS MEALS, PREPARED WITH CARE, PRESENTED IN AN ATTRACTIVE MANNER, AND SERVED IN A FRIENDLY ATMOSPHERE BY A COURTEOUS STAFF WITHIN BUDGETARY GUIDELINES AND IN AN ENVIRONMENTALLY SUSTAINABLE WAY. THE ACADEMY DINING HALLS PROVIDE BREAKFAST AND LUNCH EVERY SCHOOL DAY FOR STUDENTS, FACULTY AND STAFF. LUNCH IS INCLUDED IN TUITION AND STUDENTS ARE REQUIRED TO ATTEND LUNCH AS PART OF THE SCHOOL DAY. STUDENTS MAY SELF-SELECT FROM HOT OR COLD SANDWICHES, A SALAD BAR, PASTA AND PIZZA, HOME-STYLE ITEMS, SOUTHWESTERN AND ASIAN FARE, SOUP, AND MILK/JUICE CHOICES. IN GRADES 6-9, NINE TO TEN STUDENTS AND ONE FACULTY MEMBER EAT AT EACH TABLE. LUNCH TABLES ARE ASSIGNED AND CHANGE ON A REGULARLY SCHEDULED BASIS. BOTH 6/7 AND 8/9 DIVISIONS SELECT CERTAIN DAYS OF THE WEEK FOR FAMILY SEATING, ADVISEE SEATING, OR OPEN SEATING. THIS GIVES STUDENTS THE OPPORTUNITY TO HAVE LUNCH WITH THEIR SCHOOL FAMILY, THEIR FACULTY ADVISER AND FELLOW ADVISEES, THEIR FRIENDS, AND OTHER FACULTY AND CLASSMATES WITH WHOM THEY MAY BE LESS FAMILIAR. IN GRADES 10-12, STUDENTS HAVE OPEN SEATING AND MAY EAT ANYTIME DURING THIS DIVISION'S OPEN LUNCH PERIOD. THE ACADEMY PARTICIPATES IN THE USDA SCHOOL BREAKFAST AND NATIONAL SCHOOL LUNCH PROGRAMS AND FOLLOWS THE NUTRIENT GUIDELINES SPECIFIED FOR THESE MEALS FOR STUDENTS IN GRADES 6-12. CALORIES, CARBOHYDRATES, PROTEIN, VITAMINS A AND C, IRON, CALCIUM, CHOLESTEROL, AND SODIUM ARE EVALUATED DURING MENU PLANNING AND MEET THE USDA REQUIREMENT WHEN AVERAGED OVER A WEEK. TOTAL FAT IS PLANNED TO BE 30% OR LESS AND SATURATED FAT 10% OR LESS. LINE 4D: OTHER PROGRAM SERVICES THE MEDIA LITERACY PROJECT ("MLP") MLP, FOUNDED IN 1993, IS NATIONALLY RECOGNIZED AS A LEADER IN MEDIA LITERACY EDUCATION. ITS MISSION IS TO CULTIVATE CRITICAL THINKING AND ACTIVISM IN MEDIA CULTURE TO BUILD HEALTHY AND JUST COMMUNITIES. MLP DELIVERS DYNAMIC MULTIMEDIA PRESENTATIONS, AT CONFERENCES, WORKSHOPS AND CLASSROOMS ACROSS THE COUNTRY. THE MEDIA LITERACY CURRICULA ACTION GUIDES ARE USED IN COUNTLESS CLASSROOMS AND COMMUNITIES IN ALL 50 STATES AND ABROAD. MLP'S CATALYST INSTITUTE AND OTHER TRAINING PROGRAMS HAVE EMPOWERED THOUSANDS OF PEOPLE TO BE ADVOCATES FOR A MEDIA LITERACY SOCIETY. FOR THE YEAR ENDED JUNE 30, 2012, MLP STAFF DELIVERED 78 PRESENTATIONS AND TRAININGS REACHING 1,062 YOUTH AND ADULTS IN 3 STATES, INCLUDING NEW MEXICO, GEORGIA, TEXAS AND THE DISTRICT OF COLUMBIA. COMMUNITY BUILDERS COMMUNITY OUTREACH IS AN IMPORTANT ASPECT OF THE ACADEMY'S MISSION. THE SCHOOL IS DEEPLY COMMITTED TO MAKING A POSITIVE IMPACT ON THE GREATER ALBUQUERQUE COMMUNITY, THE STATE OF NEW MEXICO AND BEYOND. OUTREACH INITIATIVES ARE ABUNDANT AND COMMUNITY SERVICE IS PART OF THE CURRICULUM AT ALL GRADE LEVELS. EACH YEAR STUDENTS UNDERTAKE PROJECTS AT NUMEROUS NONPROFIT ORGANIZATIONS IN THE COMMUNITY. COMMUNITY BUILDERS IS A TUITION FREE PROGRAM THAT GIVES STUDENTS FROM THE ACADEMY AND OTHER AREA SCHOOLS AN OPPORTUNITY TO LEARN THE NUTS AND BOLTS OF COMMUNITY PHILANTHROPY AND NONPROFIT ORGANIZATIONS. THE PROGRAM INCLUDES A MIX OF SITE VISITS AND MEETINGS WITH COMMUNITY LEADERS TO DISCUSS A VARIETY OF TOPICS, INCLUDING TYPES OF NONPROFITS, LEGAL AND ETHICAL ISSUES IN THE NONPROFIT SECTOR, GRANT WRITING FOR NONPROFITS, NONPROFIT GOVERNING BOARDS AND COMMUNITY LEADERSHIP. AT THE END OF THE PROGRAM STUDENTS COME TOGETHER AS A MOCK FOUNDATION TO MAKE DECISIONS ABOUT HOW TO SUPPORT SOME OF THE NONPROFITS THEY STUDIED, BOTH FINANCIALLY AND THROUGH VOLUNTEER WORK. THE PROGRAM IS PERMANENTLY ENDOWED SO THAT FUNDS TOTALING $10,000 CAN BE ALLOCATED AMONG STUDIED NONPROFITS. APPROXIMATELY 70 NONPROFIT ORGANIZATIONS HAVE PARTICIPATED IN THIS PROGRAM WHICH HAS NOW COMPLETED ITS TENTH YEAR. CHARGER AQUATICS CHARGER AQUATICS IS A COMPREHENSIVE, YEAR-ROUND AQUATICS PROGRAM THAT PROVIDES SWIMMERS IN THE GREATER ALBUQUERQUE AREA WITH OPPORTUNITIES TO LEARN, PARTICIPATE, AND COMPETE IN THE SCHOOL'S STATE-OF-THE-ART AQUATICS FACILITY LOCATED IN THE NATIONALLY ACCLAIMED BARNEY NATATORIUM AND OFFERED AS PART OF THE SCHOOL'S ONGOING COMMITMENT TO PROVIDE SERVICE AND OUTREACH TO THE COMMUNITY AT LARGE. CHARGER AQUATICS OFFERS MEMBERSHIP IN USA-SANCTIONED CLUBS, INCLUDING USA SWIMMING AND US MASTERS SWIMMING, ALONG WITH AN EXTENSIVE MENU OF NON-MEMBER AQUATICS CLASSES SUCH AS AQUA FITNESS AND TODDLER AND PRESCHOOL SWIM LESSONS. TOTAL ENROLLMENT FOR ALL PROGRAMS WAS 300 FOR THE YEAR ENDING JUNE 30, 2012. COMMUNITY ACADEMY COMMUNITY ACADEMY SUPPORTS THE ACADEMY'S COMMITMENT TO COMMUNITY OUTREACH AND LIFE-LONG LEARNING. THE COMMUNITY ACADEMY OFFERS A CONTINUING EVENING LECTURE SERIES, FREE OF CHARGE TO THE ENTIRE COMMUNITY, PRESENTED BY ACADEMY FACULTY AND ALUMNI AND BY COMMUNITY LEADERS WITH EXPERTISE IN THEIR FIELDS.
GENERAL STATEMENT 5	FORM 990, PAGE 5, PART V, LINE 7(G) AND 7(H)	STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE. FORM 8899 AND 1099-C REPORTING: THE ACADEMY DID NOT RECEIVE CONTRIBUTIONS OF THE TYPE LISTED. THEREFORE THE ACADEMY DOES NOT HAVE A REPORTING REQUIREMENT. THESE QUESTIONS HAVE NOT BEEN ANSWERED AS THEY ARE NOT APPLICABLE.
GENERAL STATEMENT 6	FORM 990, PART VI, SECTION B, LINE 11 A & B:	FORM 990 IS PREPARED BY THE ACADEMY'S CONTROLLER WITH A REVIEW BY THE ACADEMY'S BUSINESS MANAGER AND BY ITS EXTERNAL ACCOUNTING FIRM. A DRAFT OF FORM 990 IS SENT ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF TRUSTEES. FORM 990 IS ACCOMPANIED BY A SUMMARY REPORT FROM THE BUSINESS MANAGER WHICH EXPLAINS THE FINANCIAL DATA AND NARRATIVE INFORMATION INCLUDED IN THE FORM. THE BOARD OF TRUSTEE'S AUDIT COMMITTEE MEETS WITH ACADEMY EMPLOYEES (HEAD OF SCHOOL, TREASURER AND BUSINESS MANAGERS) TO REVIEW THE FORM IN DETAIL. TRUSTEE MEMBERS UTILIZE THIS TIME TO ASK QUESTIONS, CLARIFY DATA AND MAKE SUGGESTIONS FOR ANY CHANGES. ANY AGREED UPON CHANGES ARE INCORPORATED INTO THE FORM, WITH A FINAL REVIEW UNDERTAKEN BY THE CONTROLLER AND THE BUSINESS MANAGER. THE FORM IS SUBMITTED ELECTRONICALLY TO THE INTERNAL REVENUE SERVICE ("IRS") IN A TIMELY MANNER. THE ACADEMY VALUES THOSE FEW DONORS WHO REQUEST THAT THEY REMAIN ANONYMOUS TO THE COMMUNITY. TO THAT END, TO PROTECT SUCH DONORS AND KEEP THE SCHOOL'S PROMISE THAT THEIR IDENTITY WILL NOT BE WIDELY KNOWN, SCHEDULE B IS NOT PROVIDED TO ALL TRUSTEES OF THE SCHOOL. ALL OTHER PORTIONS OF THE FORM 990 ARE PROVIDED TO ALL TRUSTEES. TO PROTECT THE ORGANIZATION FROM THE POTENTIAL OF INAPPROPRIATE GIFTS TO THE SCHOOL, THE HEAD OF SCHOOL, THE TREASURER AND THE DIRECTOR OF INSTITUTIONAL ADVANCEMENT ARE COMPLETELY AWARE OF THE IDENTITY OF ALL DONORS. SHOULD ANY ONE OF THEM DETERMINE THAT A DONATION MIGHT BE INAPPROPRIATE OR POSE A CONFLICT WITHIN THE ORGANIZATION, THEY ARE CHARGED WITH RAISING THE ISSUE WITH THE CHAIR OF THE BOARD. THE SCHOOL PUBLISHES A COMPREHENSIVE GIVING REPORT ON AN ANNUAL BASIS THAT IS AVAILABLE TO THE PUBLIC. BEGINNING WITH THE NEW FISCAL YEAR ON JULY 1, 2013, THE BOARD CHAIR WILL BE A FOURTH PERSON WITH DIRECT KNOWLEDGE OF ALL DONORS, AND ANY PERCEIVED ISSUES WILL BE RAISED TO A COMMITTEE OF THE BOARD OF TRUSTEES.
GENERAL STATEMENT 7	FORM 990, PART VI, SECTION B, LINE 12C:	THE CONFLICT OF INTEREST STATEMENT IS DIRECTED TO OFFICERS, TO THOSE WHO MAKE PURCHASING DECISIONS, TO ALL PERSONS WHO ARE DESCRIBED AS MANAGEMENT PERSONNEL AND TO ANYONE WHO HAS PROPRIETARY INFORMATION CONCERNING THE ACADEMY. EACH EMPLOYEE MUST SIGN A STATEMENT ANNUALLY WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. THIS IS TO ENSURE THE ACADEMY OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PERIODIC REVIEW SHALL, AT A MINIMUM, INCLUDE WHETHER TRANSACTIONS BETWEEN EMPLOYEES AND THE SCHOOL ARE NEGOTIATED AS THE RESULT OF "ARM'S LENGTH BARGAINING" AND WHETHER PARTNERSHIPS, JOINT VENTURES AND ANY OTHER BUSINESS ARRANGEMENTS WITH THE SCHOOL ARE PROPERLY RECORDED. TRANSACTIONS ARE FURTHER REVIEWED TO ENSURE THEY REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, THEY FURTHER CHARITABLE PURPOSES AND THEY DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR ANY EXCESS BENEFIT TRANSACTION. ACCOUNTING AND OTHER PERSONNEL ARE ENCOURAGED TO REPORT A SITUATION INVOLVING A POTENTIAL CONFLICT OF INTEREST TO AN APPROPRIATE SCHOOL OFFICIAL.
GENERAL STATEMENT 8	FORM 990, PART VI, SECTION B, LINE 15A & B:	THE BOARD OF TRUSTEE'S EXECUTIVE COMMITTEE TAKES RESPONSIBILITY FOR THE EVALUATION OF ITS TWO DIRECT REPORTS, THE HEAD OF SCHOOL AND THE TREASURER, AND FOR THE DETERMINATION OF COMPENSATION FOR EACH OF THOSE INDIVIDUALS. THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, ASSISTANT SECRETARY, ASSISTANT TREASURER, AND TWO AT-LARGE BOARD MEMBERS APPOINTED BY THE CHAIR. ALL BOARD MEMBERS, INCLUDING THE MEMBERS OF THE EXECUTIVE COMMITTEE, SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO THE CHAIR OF THE BOARD ANNUALLY. THESE ARE UTILIZED TO DETERMINE THAT THE COMMITTEE MEMBERS DO NOT HAVE ANY CONFLICTS OF INTEREST AND THEY DO NOT HAVE ANY DIRECT FINANCIAL INTEREST IN THE COMPENSATION PROVIDED TO THE HEAD OF SCHOOL OR TO THE TREASURER. IN ADDITION, AT THE TIME THE EXECUTIVE COMMITTEE CONSIDERS COMPENSATION QUESTIONS, EACH COMMITTEE MEMBER IS ASKED AGAIN TO CONFIRM THAT THEY DO NOT HAVE ANY CONFLICTS OF INTEREST. THE EXECUTIVE COMMITTEE HAS, IN SOME YEARS, RETAINED A COMPENSATION CONSULTANT INTIMATELY FAMILIAR WITH COMPENSATION FOR THE HEADS OF INDEPENDENT SCHOOL'S BOTH IN THE REGION AND NATIONALLY. THE CONSULTANT HAS NO FINANCIAL OR OTHER INTEREST IN THE COMPENSATION DECISIONS MADE. THE CONSULTANT HAS PREPARED A STUDY OF UP TO THIRTY OR FORTY SCHOOLS THAT ARE OR MAY BE COMPARABLE TO THE ACADEMY IN TERMS OF COMPLEXITY, SIZE OF OPERATING BUDGET, GRADE RANGE AND STUDENT BODY SIZE. THE CONSULTANT ALSO CONSIDERS HEADS OF SCHOOL WITH EXPERIENCE LEVELS COMPARABLE TO THE ACADEMY'S HEAD OF SCHOOL. THE CONSULTANT'S COMPENSATION INFORMATION INCLUDES EVIDENCE OF SALARY, BONUSES, BENEFITS AND OTHER NON-CASH CONSIDERATION THAT OTHER HEADS OF SCHOOL MAY RECEIVE. THE EXECUTIVE COMMITTEE CONSIDERS THE INFORMATION ASSEMBLED BY THE CONSULTANT, AND IN ADDITION, INFORMATION GATHERED FROM FORM 990'S OF OTHER INDEPENDENT SCHOOLS, NEWS SOURCES AND INDEPENDENT SCHOOL ASSOCIATIONS, IN SETTING COMPENSATION FOR THE HEAD OF SCHOOL, TOGETHER WITH ANY INFORMATION OBTAINED FROM ANY EVALUATIONS THAT MAY HAVE BEEN PERFORMED, ORDINARILY IN THE SPRING AND EARLY SUMMER, IN ADVANCE OF THE BEGINNING OF THE ACADEMY'S FISCAL YEAR. THE EXECUTIVE COMMITTEE MAINTAINS MINUTES OF ITS MEETINGS, INCLUDING THOSE IN WHICH COMPENSATION MATTERS ARE CONSIDERED. THE CHAIR OF THE BOARD REPORTS THE COMPENSATION DECISIONS TO THE FULL BOARD. THE MOST RECENT COMPENSATION CONSULTANT STUDY WAS COMPLETED DURING THE 2009-2010 FISCAL YEAR. THE COMPENSATION CONSULTANT PROVIDED A LETTER TO THE ACADEMY'S EXECUTIVE COMMITTEE CONFIRMING HIS JUDGMENT THAT THE HEAD OF SCHOOL'S COMPENSATION WAS REASONABLE AND APPROPRIATE. AS NOTED, THIS INFORMATION IS SUPPLEMENTED BY MORE RECENT INFORMATION. DETERMINING COMPARABILITY OF THE TREASURER'S COMPENSATION IS MORE DIFFICULT BECAUSE OF THE PAUCITY OF INFORMATION AVAILABLE. THE TREASURER'S POSITION AT THE ACADEMY INVOLVES A FAIRLY UNIQUE SET OF RESPONSIBILITIES IN INDEPENDENT SCHOOLS, RANGING FROM MANAGEMENT OF A SUBSTANTIAL ENDOWMENT TO A WIDE RANGE OF DEBT MANAGEMENT, BUSINESS AND FINANCIAL MATTERS. ONE OF THE REPORTS DONE BY THE COMPENSATION CONSULTANT DID INCLUDE INFORMATION REGARDING THE TREASURER'S COMPENSATION BY COMPARABILITY TO THE SECOND HIGHEST PAID OFFICER OF THE SUBJECT SCHOOLS. THAT INFORMATION, COUPLED WITH INFORMATION FROM A SURVEY BY AN ASSOCIATION OF SCHOOL BUSINESS OFFICERS, CERTAIN FORM 990 INFORMATION, AND THE KNOWLEDGE OF THE MEMBERS OF THE EXECUTIVE COMMITTEE OF COMPENSATION LEVELS PREVAILING IN THE GEOGRAPHIC AREA FOR PERSONS WITH THE SKILL SET AND WORK ETHIC NECESSARY TO FILL THIS OFFICE HAVE BEEN USED TO SET COMPENSATION SINCE THAT STUDY. THE EXECUTIVE COMMITTEE IS LOOKING FOR ADDITIONAL MEANS OF DOING COMPARISONS OF COMPENSATION. PROSPECTIVELY, THE EXECUTIVE COMMITTEE HOPES TO BE ABLE TO USE ADDITIONAL RESOURCES FOR MAKING COMPENSATION DECISIONS. THE NEWLY ENHANCED VERSIONS OF THE FORM 990 ARE AVAILABLE FROM COMPARABLE SCHOOLS, WILL ALLOW THE ACADEMY TO PROCEED DURING MOST YEARS, BY CONSIDERING THOSE (PERHAPS WITH A LIMITED ACCOUNTING FIRM CONFIRMATION OF THE INFORMATION) TOGETHER WITH INFORMATION AVAILABLE FROM INDEPENDENT SCHOOLS AND BUSINESS ASSOCIATIONS EACH YEAR, AND ADDING IN A CONSULTANT'S STUDY AND REPORT ON A REGULAR BASIS.
GENERAL STATEMENT 9	FORM 990, PART VI, SECTION C, LINE 19:	THE ACADEMY KEEPS A DATABASE (UPDATED ANNUALLY) OF FINANCIAL INSTITUTIONS, BONDHOLDERS AND VENDORS WHO HAVE REQUESTED A COPY OF THE ACADEMY'S AUDITED FINANCIAL STATEMENTS AS A CONDITION OF PROVIDING CREDIT AND SERVICES TO THE SCHOOL. AFTER THE AUDIT IS COMPLETED AND ACCEPTED BY THE BOARD OF TRUSTEES, ELECTRONIC COPIES OF THE STATEMENTS ARE DISTRIBUTED TO ALL ENTITIES IN THE DATABASE. THE ACADEMY DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
GENERAL STATEMENT 10	FORM 990 PART VIII - STATEMENT OF REVENUE LINES 11(A), 11(C), AND 11(D)	FOR THE YEAR ENDED JUNE 30, 2012, THE ACADEMY ISSUED AUDITED SPECIAL PURPOSE FINANCIAL STATEMENTS. THE SPECIAL PURPOSE FINANCIAL STATEMENTS DID NOT CONSOLIDATE THE ACADEMY'S INVESTMENT IN HIGH DESERT. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), CONSOLIDATION OF HIGH DESERT IS REQUIRED. INSTEAD, THE INVESTMENT WAS ACCOUNTED FOR AND REPORTED UNDER THE EQUITY METHOD OF ACCOUNTING. THE ACADEMY REPORTED UNDER THE SPECIAL PURPOSE BASIS BECAUSE MANAGEMENT OF HIGH DESERT INTENDS TO CEASE OPERATIONS IN THE NEAR TERM, AND THE ACADEMY DOES NOT EXPECT TO REALIZE ANY ECONOMIC BENEFIT FROM OR OBLIGATION TO HIGH DESERT, EXCEPT TO THE EXTENT THAT THE ACADEMY IS A CO-SIGNOR ON A NOTE PAYABLE HELD BY HIGH DESERT. THE ACADEMY INTENDS TO MEET ITS OBLIGATIONS UNDER THE CO-SIGNED NOTE PAYABLE AND RECORDED THE FULL $4,000,000 NOTE PAYABLE OUTSTANDING. THE ACADEMY'S EQUITY METHOD INVESTMENT IN HIGH DESERT WAS EVALUATED FOR IMPAIRMENT DURING FISCAL YEAR 2012, AND WAS DETERMINED TO BE FULLY IMPAIRED. THE ACADEMY RECOGNIZED A LOSS OF $23,379,938. THIS LOSS INCLUDED THE CARRYING VALUE OF THE INVESTMENT IN HIGH DESERT AT JUNE 30, 2012 OF $19,379,938, PLUS THE $4,000,000 NOTE PAYABLE ASSUMED BY THE ACADEMY. THE FOLLOWING TABLE SUMMARIZES THE INVESTMENT BALANCE OF HIGH DESERT AT JUNE 30, 2012: INVESTMENT IN HIGH DESERT, JULY 1, 2011 $19,495,953 CONTRIBUTIONS $ 1,675,000 NET LOSS FROM INVESTMENT IN HIGH DESERT $(1,791,015) ---------------- INVESTMENT IN HIGH DESERT, BEFORE IMPAIRMENT $ 19,379,938 IMPAIRMENT OF INVESTMENT IN HIGH DESERT $(19,379,938) ---------------- INVESTMENT IN HIGH DESERT, JUNE 30, 2012 NONE ================ LINE 11(B) AS A RESULT OF THE ECONOMIC CRISIS THAT BEGAN IN 2008, HIGH DESERT HAS EXPERIENCED REDUCED INTEREST IN ITS DEVELOPMENT AT MARIPOSA. DURING THE LAST SEVERAL YEARS, HIGH DESERT HAS EXPERIENCED VIRTUALLY NO NEW LOT SALES AT MARIPOSA. AS A RESULT OF THE CONTINUED ECONOMIC DOWNTURN AND THE ACADEMY'S IMPAIRMENT OF HIGH DESERT IN FISCAL YEAR 2012, AN APPRAISAL OF THE ACADEMY'S INVESTMENT IN MARIPOSA EAST AND MARIPOSA WEST WAS PERFORMED. MARIPOSA WEST CONSISTS OF 2,931 ACRES OF AN UNDEVELOPED TRACT, AND MARIPOSA EAST CONSISTS OF APPROXIMATELY 4.1 ACRES OF IMPROVED PARCELS, WHICH ARE BOTH LOCATED IN RIO RANCHO, NEW MEXICO. THE ACADEMY ENGAGED THE SERVICES OF A THIRD-PARTY APPRAISER TO DETERMINE THE VALUE OF MARIPOSA WEST AND EAST. THE APPRAISER CONSIDERED VARIOUS VALUATION TECHNIQUES AND DETERMINED THAT THE MOST APPROPRIATE TECHNIQUE FOR THE VALUATION WAS THE SALES COMPARISON APPROACH. THIS APPROACH WAS SELECTED OVER OTHER METHODS AS THE MARIPOSA LAND IS CURRENTLY NOT GENERATING REVENUE THAT COULD BE USED TO PREPARE A DISCOUNTED CASH FLOW ANALYSIS. THE SALES COMPARISON APPROACH CONSISTED OF THE APPRAISER REVIEWING VARIOUS SOURCES OF INFORMATION TO ARRIVE AT A FAIR VALUE FOR MARIPOSA WEST AND EAST. THESE SOURCES INCLUDED INFORMATION PROVIDED BY THE ACADEMY, COUNTY RECORDS, VARIOUS DATABASES OF RECENT SALES ACTIVITY OF SIMILAR PROPERTIES AND CURRENTLY LISTED PROPERTIES, PREVIOUS APPRAISALS, AND A PERSONAL INSPECTION OF THE PROPERTY. THE APPRAISAL RESULTED IN A FAIR VALUE OF MARIPOSA WEST AND EAST OF $11,275,000 AND $800,000. THE APPRAISAL WAS BELOW THE CARRYING VALUE OF THESE INVESTMENTS AT JUNE 30, 2012, WHICH RESULTED IN THE ACADEMY RECOGNIZING AN IMPAIRMENT FOR THESE INVESTMENTS TOTALING $6,035,123.
GENERAL STATEMENT 11	FORM 990, PART XI, PAGE 12, LINE 5:	FOR THE YEAR ENDED JUNE 30, 2012, THE ACADEMY RECORDED UNREALIZED LOSSES OF $5,169,027 ON ITS INVESTMENTS IN THE ENDOWMENT FUND, BASED ON FLUCTUATIONS IN THE MARKET.
GENERAL STATEMENT 12	FORM 990, PART XII, PAGE 12, LINE 2C:	FINANCIAL STATEMENTS AND REPORTING THE PROCESS FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT BY THE AUDIT COMMITTEE HAS NOT CHANGED FROM THE PRIOR YEAR.
GENERAL STATEMENT 13	SCH K, PART I, LINE A, COLUMN F:	IN SEPTEMBER 2010, THE ACADEMY ISSUED $36,000,000 OF SERIES 2010 BONDS FOR THE PURPOSE OF REFUNDING SERIES 1999 BONDS AND SERIES 2002 BONDS, TERMINATING A MASTER AGREEMENT AND SWAP TRANSACTION WITH CHASE MANHATTAN BANK AND ACQUIRING AND INSTALLING INFRASTRUCTURE IMPROVEMENTS ON THE SCHOOL CAMPUS. THE SERIES 2010 BONDS WERE ISSUED AT A PREMIUM OF $1,303,574, RESULTING IN TOTAL PROCEEDS OF $37,303,574.
GENERAL STATEMENT 14	SCHEDULE K, PART II, LINE 17:	THE ACADEMY'S SERIES 2010 BONDS PROVIDED APPROXIMATELY $6.0 MILLION IN PROCEEDS TO FUND UPDATES OF FIRE ALARM AND SMOKE DETECTION SYSTEMS, REPLACEMENT OF ELECTRICAL LOAD AND MOTOR CONTROL CENTERS IN ORIGINAL CAMPUS BUILDINGS, REPLACEMENT OF BURIED HOT WATER AND CHILLED WATER LOOP LINES, AND REPLACEMENT OF CERTAIN ROOFTOP HVAC UNITS AND RENOVATION OF CLASSROOM BUILDINGS AND FIXTURES, INCLUDING CLASSROOM TECHNOLOGY UPGRADES. THESE PROJECTS ARE EXPECTED TO RESULT IN SUBSTANTIAL OPERATIONAL SAVINGS OVER THE NEXT SEVERAL YEARS. AS OF JUNE 30, 2012, THE ACADEMY HAD $3.3 MILLION IN PROCEEDS REMAINING TO COMPLETE ITS VARIOUS CAPITAL PROJECTS. THE BOND PROCEEDS HELD FOR THESE PROJECTS ARE ESCROWED AT WELLS FARGO. AS PROJECTS ARE COMPLETED OR AS PROGRESS BILLINGS ARE RECEIVED, THE ACADEMY SUBMITS THE APPROPRIATE SUPPORTING DOCUMENTATION TO WELLS FARGO, WHO IN TURN PROVIDES A REIMBURSEMENT TO THE SCHOOL FOR THE FUNDS EXPENDED. THE ACADEMY EXPECTS TO SPEND THE FULL $6.0 MILLION WITHIN THE THREE-YEAR PERIOD ALLOWED UNDER THE TERMS OF THE BOND AGREEMENT.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Controlled OrgControlledOrg
ALBUQUERQUE ACADEMY EDUCATIONAL FDN
6400 WYOMING BLVDNE	ALBUQUERQUE	NM	87109	850381395	SUPRT. ISAS	NM	501(C)(3)	TYPE II	ALBUQ ACDMY	false
ALBUQUERQUE ACADEMY STUDENT SUPPORT FDN
6400 WYOMING BLVDNE	ALBUQUERQUE	NM	87109	205895188	PROVIDE SUPRT	NM	501(C)(3)	TYPE II	ALBUQ ACDMY	false
ALBUQUERQUE ACADEMY FOR BOYS TRUST #1
1300 MERRILL LYNCH DRIVE 3RD FLOOR	PENNINGTON	NJ	08534	866008015	PROVIDE SUPRT	NM	501(C)(3)	TYPE III	NA	false
ALBUQUERQUE ACADEMY FOR BOYS TRUST #2
1300 MERRILL LYNCH DRIVE 3RD FLOOR	PENNINGTON	NJ	08534	856014105	PROVIDE SUPRT	NM	501(C)(3)	TYPE III	NA	false

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	HIGH DESERT INVESTMENT CORPORATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2500 PARKWAY AVE NE STE 200	AddressLine1
City	RIO RANCHO	City
State	NM	State
ZIP Code	87144	ZIPCode

Field	Value	IRS element (for citing)
EIN	850394108	EIN
Primary Activity	REAL ESTATE	PrimaryActivity
Legal Domicile State	NM	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	ALBUQ ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
Type Of Entity	C CORP	TypeOfEntity
Share Of Total Income	-1791015	ShareOfTotalIncome
Share Of EOY Assets	0	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	true	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	true	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
HIGH DESERT INVESTMENT CORPORATION
B	1675000	CASH
HIGH DESERT INVESTMENT CORPORATION
P	21250	CASH
HIGH DESERT INVESTMENT CORPORATION
D	4000000	FV OF NOTE

Form990 Schedule R Part VII Form990ScheduleRPartVII

Field	Value	IRS element (for citing)
Identifier	SUPPLEMENTAL INFORMATION 1	Identifier
Return Reference	FORM 990, SCHEDULE R PART V, LINE 1:	ReturnReference
Explanation	IN 1991, THE ACADEMY'S BOARD OF TRUSTEES FORMED HIGH DESERT, FOR THE PURPOSE OF ACQUIRING AND DEVELOPING PROPERTY OWNED BY THE ACADEMY. IN RECENT YEARS, HIGH DESERT HAS BEEN AFFECTED BY ADVERSE MARKET CONDITIONS, PRIMARILY THE DECREASING INTEREST IN REAL ESTATE DEVELOPMENT. UNDER GAAP, THESE FACTORS ARE INDICATORS OF IMPAIRMENT THAT REQUIRED AN IMPAIRMENT ANALYSIS TO BE PERFORMED AS OF JUNE 30, 2012, BY THE ACADEMY OF ITS INVESTMENT IN HIGH DESERT. THE ACADEMY'S ANALYSIS INDICATED THAT ITS ENTIRE INVESTMENT IN HIGH DESERT WAS IMPAIRED AT JUNE 30, 2012. ACCORDINGLY THE ACADEMY REDUCED THE CARRYING VALUE OF ITS INVESTMENT IN HIGH DESERT TO ZERO AT JUNE 30, 2012, RESULTING IN AN IMPAIRMENT LOSS OF $19,379,938. THIS IMPAIRMENT HAS RESULTED IN THE ACADEMY REFLECTING A ZERO SHARE OF END OF YEAR ASSETS IN THE FORM 990.	Explanation