2013-03-07T12:04:16-06:00 2012-07-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2011-08-01 540618173 MOUNTAIN MISSION SCHOOL INC MOUN 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24641 CHRISTOPHER SLONE 2769352954 2013-03-07 1 THOMAS S GREER P00067526 4232824511 2013-03-06 2011 2016-02-25 16:41:14Z X CHRISTOPHER SLONE 1760 EDGEWATER DRIVE GRUNDY VA 24641 1986543 0 X WWW.MOUNTAINMISSIONSCHOOL.ORG X 1921 VA THE CHILD OF POVERTY, NEGLECT OR ABUSE FINDS HOPE AND OPPORTUNITY AT MOUNTAIN MISSION SCHOOL. 14 10 51 0 0 0 3166311 1621049 0 82947 74319 149306 396864 133241 3637494 1986543 0 53366 0 0 1123502 1558760 0 0 0 2281273 2198926 3404775 3811052 232719 -1824509 22148981 18246280 91094 279343 22057887 17966937 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY PROVIDING A HOME, SCHOOL, AND CHURCH FOR CHILDREN WITH LEGITIMATE NEEDS. 0 0 2719091 53366 82947 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY (HOME, SHCOOL, AND CHURCH) FOR CHILDREN WITH LEGITIMATE NEEDS REGARDLESS OF THEIR RACE, COLOR, AGE AND CREED. THE SCHOOL OPERATES AS A NON-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF VIRGINIA. 2719091 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 51 1 0 0 0 0 0 0 0 0 0 0 X 14 10 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 VA X CHRISTOPHER SLONE PRESIDENT 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 JAMES MARVIN SWINEY 40.00 X X 36818 0 0 DAVID G MATNEY 40.00 X X 0 0 0 LOIS CLARKE 1.00 X 0 0 0 JOHN E DEGAFFERELLY 1.00 X 0 0 0 O J GARDNER 1.00 X 0 0 0 LUTTON LYLE 1.00 X 0 0 0 JAMES W MCGLOTHLIN 1.00 X 0 0 0 WILLIAM NEELEY 1.00 X 0 0 0 AGNES M MULLINS 1.00 X 0 0 0 JOSEPH PARKER 1.00 X 0 0 0 JOE D SLONE 1.00 X 0 0 0 CHARLIECE SWINEY 1.00 X 27268 0 0 CHRISTOPHER SLONE 40.00 X 0 0 0 CYNTHIA S RODDA 40.00 X 39514 0 0 ERNEST HERTZOG 60.00 X 28627 0 0 132227 0 0 0 0 0 0 MORRISON MANAGEMENT SPECIALISTS P O BOX 102289 ATLANTA GA 303682289 FOOD SERVICE 379948 J A STREET AND ASSOCIATES INC P O BOX 725 245 BIRCH STREET BLOUNTVILLE TN 37617 CONSTRUCTION 135975 2 1621049 1621049 OTHER INCOME 611710 60289 60289 STUDENT FEES 611710 17388 17388 ROOM AND BOARD 611710 5270 5270 82947 149306 149306 150322 0 150322 150322 150322 CHANGE IN BENEFICIAL T 611710 -17081 -17081 -17081 1986543 82947 0 282547 53366 53366 172771 26451 146320 982474 681537 300937 335412 335412 68103 68103 280 280 19323 19323 68498 68498 68226 33169 35057 18089 18089 285943 285943 56769 56769 795869 795869 62712 62712 FOOD SERVICES 539774 539774 MAINTENANCE - BUILDING 99497 99497 VEHICLES 55004 55004 RECREATION ALLOWANCES 31245 31245 97697 73623 24074 3811052 2719091 1091961 0 490677 550567 1323287 472336 637163 0 3750 0 18623 18623 27182326 12876032 14670670 14306294 5004811 2898460 22148981 18246280 91094 279343 91094 279343 X 18828395 16766620 1461699 673429 1767793 526888 22057887 17966937 22148981 18246280 X -1824509 -2266441 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10112154 0 316505 0 0 0 10428659 0.89270 0.10550 0.00190 0 0 5306450 5306450 14366962 7678232 6688730 3344002 1859625 1484377 3473346 2953287 520059 691566 384888 306678 14306294 LONG TERM INVESTMENTS 2898460 F 2898460 1986543 3811052 -1824509 41412 -1085206 -1222647 -2266441 -4090950 2027955 41412 41412 1986543 0 1986543 3811052 0 3811052 0 3811052 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNRESTRICTED ENDOWMENTS ARE FOR GENERAL USE. THE TEMPORARILY RESTRICTED ENDOWMENTS ARE RESTRICTED FOR SCHOLARSHIPS. THE PERMANENTLY RESTRICTED ENDOWMENTS ARE FOR STAFF AND GENERAL USE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NOTE 1 - TAX EXEMPT STATUS AND UNCERTAIN TAX POSITIONS THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. THE SCHOOL FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JULY 31, 2012, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JULY 31, 2012. GENERALLY, THE TAX YEARS BEFORE 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: TRANSFER BACK OF FUNDS TO FOUNDATION-HAD BEEN INCORRECTLY TRANSFERRED -1,222,647. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 MOUNTAIN MISSION SCHOOL'S ADVERTISEMENTS EXPRESS THE SCHOOL'S INTENT TO PROVIDE EDUCATION FOR STUDENTS IN FINANCIAL NEED REGARDLESS OF RACE. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING MOUNTAIN MISSION SCHOOL IN BUCHANAN COUNTY, VIRGINIA. 53 53366 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: COLLEGE TUITION: DURING THE 2011-2012 SCHOOL YEAR, MOUNTAIN MISSION SCHOOL HAD NINE STUDENTS WHO HAD GRADUATED FROM THE SCHOOL LIVING ON CAMPUS AND ATTENDING THE COMMUNITY COLLEGE. THE SCHOOL PAID FOR THEIR TUITION AND BOOKS. STUDENTS WHO RECEIVED FINANCIAL AID REIMBURSED THE SCHOOL FOR THESE COSTS. SCHOLARSHIPS: MOUNTAIN MISSION SCHOOL DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED ANNUALLY DURING CLASS NIGHT PRIOR TO GRADUATION. SCHOLARSHIPS ARE PAYABLE DIRECTLY TO THE COLLEGE THE STUDENT ATTENDS. IN SOME CASES THE SCHOLARSHIP MAY BE USED TO PURCHASE A COMPUTER REQUIRED FOR STUDIES OR USED TOWARD STUDY ABROAD THROUGH THE STUDENT'S COLLEGE. IN BOTH CASES FUNDS ARE MADE PAYABLE TO THE PROVIDER OF THE GOODS. SCHOLARSHIPS ARE NOT DISBURSED DIRECTLY TO THE STUDENT. MOUNTAIN MISSION SCHOOL'S PROCEDURES FOR MONITORING SCHOLARSHIP FUNDS ARE AS FOLLOWS. THE SCHOOL HAS A SCHOLARSHIP COMMITTEE WHO REPORTS TO THE SCHOOL PRESIDENT. THIS COMMITTEE IS CHARGED WITH THE GRANTING OF SCHOLARSHIPS, AND THE SCHOOL'S ADMINISTRATIVE OFFICE OVERSEES THEIR DISBURSEMENT. ALL TRANSACTIONS ARE DOCUMENTED. AN AUDIT IS PERFORMED ANNUALLY BY THE SCHOOL'S INDEPENDENT AUDITORS. FORM 990, PART VI, SECTION A, LINE 2 JAMES MARVIN SWINEY AND CHARLIECE S. SWINEY ARE HUSBAND AND WIFE. CYNTHIA S. RODDA IS THEIR DAUGHTER. LOIS CLARKE IS AN EMPLOYEE OF JAMES W. MCGLOTHLIN. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE. THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF ALL EXECUTIVE MANAGEMENT PERSONNEL IS SET BY THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE FILED WITH THE STATE OF VIRGINIA. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 41,412. PRIOR PERIOD ADJUSTMENTS: -1,085,206. TRANSFER BACK OF FUNDS TO FOUNDATION-HAD BEEN INCORRECTLY TRANSFERRED -1,222,647. TOTAL TO FORM 990, PART XI, LINE 5: -2,266,441. MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 1760 EDGEWATER DRIVE GRUNDY VA 24614 541747332 CONDUCT AND SUPPORT ACTIVITIES FBO MOUNTAIN MISSION SCHOOL, INC. VA 501(C)(3) LINE 11B, II N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDA- Q 1222647 CASH PAID TION-FUNDS HAD BEEN INCORRECTLY TRANSFER- RED PREVIOUSLY AND WERE TRANSFERRED BACK