2013-05-14T15:06:36-05:00 2012-06-30 581460137 WILLIAMS BENATOR & LIBBY LLP 1040 CROWN POINTE PKWY 400 ATLANTA GA 30338 990 2011-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON 7706710085 2013-05-14 1 PETRA ORQUIOLA P01417325 7705120500 2013-05-14 2011 2016-02-24 21:20:13Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 22626319 0 X WWW.DAVISACADEMY.ORG X 1992 GA TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA: KINDERGARTEN PREP THROUGH EIGHTH GRADE. IN A NURTURING, SECURE ENVIRONMENT, INSTRUCTED BY A FACULTY DEDICATED TO EXCELLENCE, CHILDREN ARE ENCOURAGED TO REACH THEIR HIGHEST POTENTIAL. THE DAVIS ACADEMY STRIVES TO CREATE A COMMUNITY IN WHICH CHILDREN DEVELOP A LIFE-LONG LOVE FOR LEARNING AND A COMMITMENT TO JEWISH LIFE FOUNDED ON MORALS, VALUES, AND ETHICS, GROUNDED IN TORAH. 35 35 175 300 13887 -45714 1222526 1333295 9800391 11442609 341490 589357 33168 23568 11397575 13388829 1000 1464677 0 0 6700674 6945977 0 0 247510 3847712 3811281 10549386 12221935 848189 1166894 34566586 38056022 14756523 18105936 19810063 19950086 REFER TO FORM 990, PART I, LINE 1 0 0 7475065 1464609 11442609 THE CORPORATION OPERATED AS A NON-PROFIT ELEMENTARY SCHOOL. 7475065 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 175 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X BONNIE VAVRA 6785273285 8105 ROBERTS DRIVE ATLANTA GA 30350 SAM L TUCK 0.00 X X 0 0 0 TONIA SELLERS 0.00 X X 0 0 0 ANN DAVIS 0.00 X X 0 0 0 JON LEVEN 0.00 X X 0 0 0 DEBBIE KURZWEIL 0.00 X X 0 0 0 DAVID PERLIS 0.00 X X 0 0 0 MINDY SHOULBERG 0.00 X X 0 0 0 BILLIE GREENBERG 0.00 X 0 0 0 STEVEN RAU 0.00 X 0 0 0 ROBBIE FRIEDMANN 0.00 X 0 0 0 BETH WARNER 0.00 X 0 0 0 JACK BALSER 0.00 X 0 0 0 MELINDA COBB 0.00 X 0 0 0 JEANNIE DIAMOND 0.00 X 0 0 0 JAN EPSTEIN 0.00 X 0 0 0 ELLEN GOLDSTEIN 0.00 X 0 0 0 LISA HAYNOR 0.00 X 0 0 0 JANET SELIG 0.00 X 0 0 0 JEFF HOPKINS 0.00 X 0 0 0 CAROL RUBIN 0.00 X 0 0 0 BILL ROTHSCHILD 0.00 X 0 0 0 ALAN ROSENBERG 0.00 X 0 0 0 DAVID RUBINGER 0.00 X 0 0 0 KARYN LIPSKY 0.00 X 0 0 0 FRED KATZ 0.00 X 0 0 0 CAROLE KANT 0.00 X 0 0 0 LORI KAGAN SCHWARZ 0.00 X 0 0 0 LAUREN SIDMAN 0.00 X 0 0 0 TOBY SIDMAN 0.00 X 0 0 0 LYNDA WALKER 0.00 X 0 0 0 DICK WILSON 0.00 X 0 0 0 STEPHEN A WINTER 0.00 X 0 0 0 ALLAN J ZACHARIAH 0.00 X 0 0 0 HARRIET ZOLLER 0.00 X 0 0 0 MARK KOPKIN 0.00 X 0 0 0 DEAN BENAMY 0.00 X 0 0 0 BRYAN FIELDS 0.00 X 0 0 0 CAROL NEMO 0.00 X 0 0 0 BENJAMIN SILLINS 0.00 X 0 0 0 JAY DAVIS 0.00 X 0 0 0 WILLIAM BREMAN 0.00 X 0 0 0 SIDNEY KIRSCHNER 1.00 X 40414 0 0 AMY SHAFRON 40.00 X 250000 0 28278 BONNIE VAVRA 40.00 X 161627 0 8408 ANDREW FRANK 40.00 X 153274 0 11466 605315 0 48152 3 0 1 0 TONY & SYLVIA ENTERPRISES 5224 PINNACLE CT NORCROSS GA 30071 JANITORIAL & CLEANING 312175 THE GOODFRIEND COMPANY 5342 TILLY MILL RD DUNWOODY GA 30338 CATERING 149373 EDUCATIONAL SCHOOL TOURS 5035 MAYFIELD RD 230 LYNDHURST OH 44124 TRAVEL GUIDE 144704 3 379937 953358 1333295 TUITION AND FEES 611110 11416819 11416819 MISCELLANEOUS PROGRAM 611110 24750 24750 YEARBOOK REVENUE 611110 1040 1040 11442609 292390 292390 23287 0 23287 23287 13887 9400 9455435 9158468 296967 296967 296967 79303 379937 79022 281 281 13388829 11442609 13887 599038 1464677 1464677 613053 164740 392657 55656 5104935 4133771 869039 102125 1227989 917673 248994 61322 11422 11422 57252 57252 67732 67732 34214 30192 4022 89870 976 88894 104462 22851 81611 267659 267659 47465 11998 35467 436397 436397 1045531 1045531 81439 81439 CLEANING SERVICE CONTRA 453332 453332 FIELD TRIPS 299117 299117 SUPPLIES 135953 135953 BOOKS, TEXTS AND MATERI 105928 105928 573508 217381 331742 24385 12221935 7475065 4499360 247510 435691 1971243 5627828 8136090 347106 75843 164778 71299 244852 150705 27974151 9700946 18609723 18273205 9037970 9290602 98638 87035 34566586 38056022 764721 708794 1646118 4762250 11245000 10925000 1100684 1709892 14756523 18105936 X 13949466 14455775 5096212 4724338 764385 769973 19810063 19950086 34566586 38056022 X 1166894 -1026871 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18 5588 927685 1 1 2865470 53253 33035 14282 2937476 2418680 17936 442482 13628 2865470 2116607 28418 285835 12180 2418680 2645071 3334 -520908 10890 2116607 0.68410 0.26210 0.05380 1 0 746200 746200 22535095 6731012 15804083 955639 364474 591165 3526709 2429954 1096755 210508 175506 35002 18273205 INVESTMENT - AJF ENDOWMENT 2009791 F INVESTMENT - AJF BREMAN LIBRARY 16327 F INVESTMENT - AJF NEMO SCHOLARSHIP 63335 F INVESTMENT - AJF BLANTON SCHOLARSHIP 15887 F INVESTMENT - AJF BUNIN, GOODMAN AND ACZEL 39446 F INVESTMENT - AJF BENAMY 29904 F INVESTMENT - AJF DAVIS SCHOLARSHIP 88071 F AJF - EPSTEIN/NEMO ISRAEL SCHOLARSHIP 22295 F INVESTMENT - AJF KANFER SCHOLARSHIP 18924 F INVESTMENT - HARRIET ZOLLER FINE ARTS FUND 46118 F BARKAN FAMILY FUND 27339 F CARY & KRISTI SIEGEL FAMILY FUND 20058 F EMMIE & LEONARD STEIN SCHOLAR FUND 53668 F SYLVIA & BERNARD SOBERMAN MEM FUND 12554 F EXCELLENCE IN EDUCATION ENDOWMENT FUND 111284 F RABBI PHILLIP KRANZ ENDOWMENT FUND 204972 F SIDNEY KIRSCHNER ANNUAL MUSIC PROD FUND 103954 F ROSENBERG FAMILY OF FINE ARTS ENDOWMENT 27393 F INVESTMENT ACCOUNT - CAP CAMP ACCOUNT 3835756 F DAVIS ACADEMY CCC RR FUND - AJF 613878 F PEGGY GREENBAUM FUND 207534 F DULCY & JERRY ROSENBERG SCHOLARSHIP FUND 26156 F WACHOVIA CAPITAL RESERVE 1695958 F 9290602 INTEREST RATE SWAP LIABILITY 1709892 1709892 13388829 12221935 1166894 -1026871 -1026871 140023 11516191 -1026871 688230 -338641 11854832 67732 1466265 1533997 13388829 11376168 688230 688230 10687938 67732 1466265 1533997 12221935 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACADEMY FOLLOWS THE FASB ASC GUIDANCE ON "ACCOUNTING FOR UNCERTAINTY IN INCOME TAX". IT PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A COMPANY'S INCOME TAX RETURNS, INCLUDING TAXES ON UNRELATED BUSINESS INCOME EARNED BY NOT-FOR-PROFIT ORGANIZATIONS, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE FISCAL YEARS 2009 TO 2012 REMAIN OPEN TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS TO WHICH THE ACADEMY IS SUBJECT. THE ACADEMY HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS RELATED TO YEARS OPEN TO EXAMINATION THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 79,022. INVESTMENT EXPENSE 609,208. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 264. TZEDUKAH EXPENSE 1,324. TUITION ASSISTANCE 1,464,677. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 79,022. INVESTMENT EXPENSES 609,208. PART XIII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER CLUB - CONCESSIONS 264. TZEDUKAH EXPENSE 1,324. TUITION ASSISTANCE 1,464,677. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 POLICY IS PUBLICIZED ON APPLICATION MATERIALS WHICH IS PROVIDED ALONG WITH AN INFORMATION PACKAGE FOR ALL INTERESTED PARTIES. GOLF TOURNAMENT 178388 133370 45018 27093 19539 DINNER OF HONOR 231867 197582 34285 23576 8814 1 48985 48985 459240 379937 79303 50669 28353 79022 281 0 FINANCIAL ASSISTANCE AS A REDUCTION IN TUITION 176 1464677 AMOUNT OF REDUCTION IN TUITION REDUCTION IN TUITION COST FROM NON-CASH FINANCIAL ASSISTANCE X 1 1 X 0 0 0 0 0 0 0 0 0 AMY SHAFRON 225000 0 25000 0 0 0 11250 0 17028 0 278278 0 80440 0 BONNIE VAVRA 141032 0 20595 0 0 0 7052 0 1356 0 170035 0 66588 0 ANDREW FRANK 131164 0 10000 0 12110 0 6558 0 4908 0 164740 0 55309 0 PART I, LINE 1A SIDNEY KIRSCHNER, A TRUSTEE, RECEIVED A W-2 WHICH INCLUDES PAYROLL TAXES TO COVER REPORTABLE TAXABLE FRINGE BENEFITS ASSOCIATED WITH TUITION ASSISTANCE. SIDNEY KIRSCHNER PRIOR HEAD OF SCHOOL 32057 TUITION ASSISTANCE DREW FRANK LOWER SCHOOL PRINCIPAL 15453 TUITION ASSISTANCE FORM 990, PART VI, SECTION B, LINE 11 THE BOARD PRESIDENT, HEAD OF SCHOOL AND CFO REVIEW THE RETURN IN DETAIL PRIOR TO FILING, AND A COPY IS PROVIDED FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS BOARD MEMBERS AND OFFICERS READ AND SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ THE POLICIES AND PROCEDURES AND THAT NO CONFLICTS EXIST. SHOULD CONFLICTS ARISE, THE ISSUES ARE DISCUSSED AND RESOLVED BY AN INDEPENDENT COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CFO COMPENSATION BY CEO IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND KEY EMPLOYEE COMPENSATION DETERMINED BY THE CEO AND CFO IN CONSULTATION WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THESE ITEMS ARE MADE AVAILABLE AT THE ORGANIZATION OFFICES UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,026,871.