2012-03-07T08:37:27-06:00 2011-07-31 MOSS ADAMS LLP 6100 UPTOWN BLVD NE STE 400 ALBUQUERQUE NM 87110 990 2010-08-01 850196115 SANDIA SCHOOL SAND 5053383000 532 OSUNA NE ALBUQUERQUE NM 87113 JENNIFER CRYSLER 5053383000 2012-03-02 1 MARLA CASTNER 5058787200 2010 2016-02-24 21:20:13Z STEVEN ALBERT 532 OSUNA NE ALBUQUERQUE NM 87113 14410874 0 X WWW.SANDIAPREP.ORG X 1965 NM AT SANDIA PREP, ACADEMICS ARE OUR TOP PRIORITY, BALANCE IS OUR CORE VALUE, AND COMMUNITY MAKES US WHO WE ARE. OUR CHALLENGING, INNOVATIVE PROGRAM PREPARES EACH STUDENT FOR SUCCESS IN COLLEGE - AND BEYOND - AND INSPIRES EACH STUDENT TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD. 20 20 258 300 0 0 1281905 543553 11239204 11717487 -20525 172631 93001 30594 12593585 12464265 1652780 1881130 0 0 7246455 7137160 0 0 417606 3773580 3802200 12672815 12820490 -79230 -356225 35580424 35396122 21456927 21017811 14123497 14378311 X SANDIA PREP'S MISSION STATEMENT IS: THE JOY OF LEARNING AND LIVING IS AT THE CENTER OF ALL WE DO. SANDIA PREPARATORY SCHOOL PROVIDES REMARKABLE OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH WITHIN A CHALLENGING AND BALANCED PROGRAM. AS AN EXTENSION OF OUR FAMILIES, SANDIA PREP'S DIVERSE COMMUNITY INSPIRES STUDENTS TO FIND THEIR ACADEMIC FOCUS, TALENTS AND CREATIVITY. 0 0 8898178 11258332 SANDIA SCHOOL SERVES APPROXIMATELY 650 STUDENTS IN GRADES 6-12 BY PROVIDING WELL BALANCED INSTRUCTION AND OTHER STUDENT ACTIVITIES THAT SUPPORTS THE QUEST FOR HUMAN EXCELLENCE AND INDIVIDUAL GROWTH 1881130 1881130 SANDIA SCHOOL PROVIDED TUITION REMISSION AND FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND. THESE EXPENSES ARE USED TO HELP PAY THE TUITION FOR THOSE FINANCIALLY CHALLENGED STUDENTS. 293967 459155 SANDIA SCHOOL OFFERS A SUMMER PROGRAM TO COMPLEMENT THE REGULAR SCHOOL YEAR PROGRAM FOR OUR CURRENT STUDENTS, AS WELL AS PROVIDE A SAFE AND EDUCATIONALLY CHALLENGING ENVIRONMENT FOR YOUNGER STUDENTS WHEN REGULAR SCHOOLS ARE NOT IN SESSION. 11073275 1 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 37 0 1 258 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER CRYSLER 5053383000 532 OSUNA RD NE ALBUQUERQUE NM 87113 BILLY BLACKBURN 5.00 X 0 0 0 MIMI BURNS 5.00 X 0 0 0 CAROL COCHRAN 5.00 X X 0 0 0 BOB EATON 5.00 X 0 0 0 SUSAN PRZEKURAT EPSTEIN 5.00 X 0 0 0 JIM FIRKINS 5.00 X 0 0 0 DOUG GIBBONS 5.00 X 0 0 0 GREG HICKS 5.00 X 0 0 0 ELIZABETH KIRSCHNER 5.00 X 0 0 0 GAIL VAVRUSKA-MARCUM 5.00 X 0 0 0 BETH MASON 5.00 X 0 0 0 JESSICA KORBER MONTOYA 5.00 X 0 0 0 DAVID S NEVILL 5.00 X X 0 0 0 PAUL ROTH 5.00 X 0 0 0 ANNE SAPON 5.00 X 0 0 0 GRETCHEN SEELINGER MD 5.00 X 0 0 0 DAVID STANASOLOVICH 5.00 X 0 0 0 LEN TRAINOR 5.00 X X 0 0 0 M TODD WHITE 5.00 X 0 0 0 LORNA WIGGINS 5.00 X X 0 0 0 B STEVEN ALBERT 40.00 X 112972 0 25422 JENNIFER CRYSLER 40.00 X 83333 0 9132 JULIE COOK 40.00 X 105667 0 10248 RICHARD HEATH 40.00 X 148776 0 13814 450748 0 58616 3 1 1 0 0 24947 23957 494649 59174 543553 STUDENT TUITION & FEES 611710 11717487 11717487 11717487 98363 98363 45240 19932 25308 25308 25308 1986270 1906963 5039 79307 -5039 74268 74268 14675 24947 14675 0 MISCELLANEOUS INCOME 611710 5286 5286 5286 12464265 11717487 0 203225 1881130 1881130 359345 291069 53902 14374 5483086 4434346 825566 223174 281320 227516 42355 11449 568479 459776 85581 23122 444930 359861 66977 18092 15386 15386 57201 57201 23206 23206 30240 30240 173600 133093 34534 5973 153435 127656 20050 5729 306954 296161 9182 1611 423171 408292 12658 2221 899820 868181 26917 4722 146646 141490 4386 770 INSTRUCTIONAL EXPENSE 997860 997860 PHYSICAL PLANT MAINTENA 370507 357576 11081 1850 FUNDRAISING EXPENSES 101731 101731 MISCELLANEOUS 67839 54869 10212 2758 TITLE II FUNDS 23957 23957 10647 10442 175 30 12820490 11073275 1329609 417606 2806 2977 4597281 5015721 235733 179132 3619223 3840306 42893 166099 208843 89973 85043 29869779 8674544 21805390 21195235 2815667 3309170 1458218 1325837 747141 233858 35580424 35396122 659682 563446 9272401 9183071 10000000 9710767 1524844 1410527 0 150000 21456927 21017811 X 10631663 10789394 578997 652280 2912837 2936637 14123497 14378311 35580424 35396122 X -356225 611039 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 5 635.00 0 0 0 1 0 20.00 6224 0 4326918 20530 639526 23987 199820 4763167 4003364 31824 516059 24342 199987 4326918 4791700 25300 -564811 238858 9967 4003364 0.32000 0.62000 0.06000 0 0 2703609 2703609 24987712 7164074 17823638 2178458 1510470 667988 21195235 TAX CREDIT SALE ESCROW FUNDS 150000 150000 12464265 12820490 -356225 496722 114317 611039 254814 12628049 496722 34608 531330 12096719 23206 344340 367546 12464265 12373234 34607 34607 12338627 23206 458657 481863 12820490 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE SCHOOL HAS COMPLETED A POLICY AFTER 7/31/11 FOR MONITORING, INSPECTION AND ENFORCEMENT OF THE CONSERVATION EASEMENTS IT HOLDS. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: THERE IS NO REVENUE ASSOCIATED WITH THE EASEMENT. THE EXPENSES ARE RECOGNIZED AS THEY ARE INCURRED. THE ESTIMATED VALUE OF THE LAND SUBJECT TO A CONSERVATION EASEMENT IS CARRIED AS AN ASSET (NON-DEPRECIABLE LAND) ON THE BALANCE SHEET OF THE SCHOOL. PART II, LINE 5: THE ORGANIZATION RECEIVED THE EASEMENT PROPERTY IN TWO INSTALLMENTS IN DECEMBER 2007 AND JUNE 2008. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT PRIMARILY COMES FROM DONOR GIFTS, SO IT IS THE SCHOOL'S POLICY TO USE THE FUNDS IN ACCORDANCE WITH THE DONOR INTENT. FUNDS ARE INVESTED TO YIELD BOTH CASH INCOME AND APPRECIATE IN VALUE. ANNUAL DISTRIBUTIONS, NOT TO EXCEED 5% OF THE THREE YEAR AVERAGE BALANCE, SUPPORT THE VARIOUS PROGRAMS OF THE SCHOOL AS SPECIFIED BY THE DONOR, OR GENERAL SCHOOL OPERATIONS, IF THE GIFT WAS UNRESTRICTED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SANDIA PREPARATORY SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE SCHOOL ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ON AUGUST 1, 2009. THE SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE AN ADJUSTMENT TO THE AUG 1, 2010 BEGINNING BALANCE OF NET ASSETS. THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS AT AUG 1, 2010 AND AT JULY 31, 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 114,317. PART XII, LINE 2D - OTHER ADJUSTMENTS RENT EXPENSE: 19,933 FUNDRAISING EXPENSE: 14,675 TOTAL LINE 2D: 34,608 PART XIII, LINE 4B - OTHER ADJUSTMETNS UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT (114,317) GRANTS TO INDIVIDUALS 434,700 TITLE II FUNDS 23,957 TOTAL LINE 4B: 344,340 PART XIII, LINE 2D - OTHER ADJUSTMENTS RENT EXPENSE 19,932 FUNDRAISING EXPENSE: 14,675 TOTAL LINE 2D: 34,607 PART XIII LINE 4B - OTHER ADJUSTMENTS GRANTS TO INDIVIDUALS: 434,700 TITLE II FUNDS 23,957 TOTAL LINE 4B: 458,657 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 SANDIA PREPARATORY SCHOOL COMMUNICATES ITS NONDISCRIMINATORY POLICY ON THEIR WEBSITE, IN THE ADMISSION BROCHURE, IN THEIR STUDENT HANDBOOK, THROUGH PAID ADVERTISING IN A LOCAL NEWSPAPER AND ON ALL NEWS RELEASES AND MEDIA ALERTS. SANDIA PREP GOLF TOURNAMENT 39622 24947 14675 1250 800 9890 2735 39622 24947 14675 1250 800 9890 2735 14675 0 1 0 0 FINANCIAL AID GRANTS AND EMPLOYEE TUITION REMISSION 213 1881130 FMV OF TUITION REDUCTION OF TUITION AMOUNT DUE FOR APPLICABLE SCHOOL YEAR PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: APPLICANTS FOR FINANCIAL AID MUST SUBMIT CERTAIN FINANCIAL INFORMATION TO AN OUTSIDE SERVICE (SCHOOL & STUDENT SERVICE IN PRINCETON, NJ) WHICH ESTABLISHES A LEVEL OF NEED FOR AID, BASED ON THE FAMILY'S TOTAL FINANCIAL SITUATION. WITH THIS BASIC INFORMATION, THE SANDIA PREPARATORY SCHOOL FINANCIAL AID COMMITTEE, HEREIN "COMMITTEE", CONSIDERS EACH CASE ON ITS MERITS, TAKING ACCOUNT OF ALL ADDITIONAL AVAILABLE INFORMATION. THE MAIN FACTORS CONSIDERED, RELATIVE TO EACH STUDENT ARE: FINANCIAL NEED, GRADE LEVEL AND SPACE AVAILABLE IN THAT GRADE, SCHOLASTIC ACHIEVEMENT OF THE STUDENT, THE STUDENTS CONTRIBUTION TO THE LIFE OF THE SCHOOL, AND THE LENGTH OF TIME THE STUDENT HAS BEEN AT THE SCHOOL. THE COMMITTEE SETS PRELIMINARY GUIDELINES FOR THE AMOUNTS TO BE AWARDED IN EACH GRADE. THESE LIMITS MAY BE ADJUSTED AS THE COMMITTEE PROCEEDS WITH THE DETERMINATION OF FINANCIAL AID GRANTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RICHARD HEATH 145576 0 0 0 3200 0 10918 0 2896 0 162590 0 0 0 PART I, LINE 1A A MONTHLY HOUSING ALLOWANCE OF $2,000 IS GIVEN THE HEAD OF SCHOOL DURING THE FIRST YEAR OF EMPLOYMENT WHICH IS BEING SHOWN AS TAXABLE COMPENSATION ON THE INDIVIDUALS W-2. VILLAGE OF LOS RANCHOS DE ALBUQUERQUE 850236091 2007-08-17 10000000 CONSTRUCTION OF GYM, CLASSROOMS, PERFORMING ARTS, INSTRUCTIONAL SPACES 0 0 0 10000000 10000000 2009 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 COMPASS BANK 20.000000000000 0 0 0 0 0 X 340 FMV - NEW TEAM SHIRTS X 5 47757 FMV ON DATE OF GIFT X TRINKETS AND PRIZES FOR FUNDRAISERS 7 9827 FMV PER INVOICE X YURT TRIP FOR OUTDOOR PROGRAM 1 932 FMV - COST TO GENERAL PUBLIC X FOOD FOR SCHOOL EVENTS 2 318 FMV PER RECEIPTS 0 1 1 THIRD PARTY USE: PART I, LINE 32B: STOCK GIFTS ARE MADE TO A BROKER ACCOUNT HELD BY THE SCHOOL. THE BROKER NOTIFIES THE SCHOOL UPON RECEIPT OF THE STOCK AND THEN SELLS IT FOR THE SCHOOL AS SOON AS POSSIBLE. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL REVAMPED ITS MISSION STATEMENT TO MORE CLOSELY DESCRIBE THE UNIQUE CHARACTERISTICS OF OUR SCHOOL. NO CHANGES WERE MADE TO THE SCHOOLS OPERATIONS OR NATURE OF ITS EDUCATIONAL PROGRAM. THE SCHOOL ALSO UPDATED ITS BYLAWS TO INCLUDE A COMPREHENSIVE AND PROGRESSIVE STATEMENT REGARDING NON-DISCRIMINATION. IT WAS EXPANDED TO ENSURE THAT THERE IS NO DISCRIMINATION BASED ON RELIGIOUS PREFERENCE OR SEXUAL ORIENTATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S FINANCE COMMITTEE BEFORE IT IS SUBMITTED. THE ORGANIZATION'S FINANCE COMMITTEE CONTAINS 9 BOARD OF DIRECTORS. THE FORM 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR WHICH EXPLAINS THE OCCASIONS THAT MIGHT GIVE RISE TO CONFLICTS AND THE ANSWERS ARE REVIEWED BY THE CFO. ANY TRUSTEE WITH A POTENTIAL CONFLICT OF INTEREST IS INSTRUCTED NOT TO VOTE ON ANY BOARD PROPOSALS THAT PERTAIN TO THE AREA OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE HEADMASTER'S COMPENSATION IS DETERMINED BY INDEPENDENT BOARD OF TRUSTEES. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE HEADMASTER. THE SCHOOL USES INFORMATION DERIVED FROM MEMBERSHIP ORGANIZATIONS FOR USE IN SETTING PARAMETERS FOR FACULTY SALARIES. OTHER SALARIES ARE ESTABLISHED WITHIN BUDGETARY CONSTRAINTS. THE APPROVAL OF COMPENSATION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE TO THE PUBLIC THROUGH SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BASED UPON SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 496,722. UNREALIZED LOSS ON INTEREST RATE SWAP 114,317. TOTAL TO FORM 990, PART XI, LINE 5: 611,039.