TIDEWATER ACADEMY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: TIDEWATER ACADEMY INC (EIN 54-0760977)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2012-11-08
IRS object ID: 201203139349301515
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule G
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-08T12:48:53-06:00	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	BARNES BROCK CORNWELL & HEILMAN PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 237	AddressLine1
City	WINDSOR	City
State	VA	State
ZIP Code	23487	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	540760977	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	TIDE	NameControl
Phone	7578995401	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 536	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SARAH P SAVEDGE	Name
Title	CHAIRMAN	Title
Phone	7578995401	Phone
Date Signed	2012-09-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROSSIE E BROCK JR	Name
Phone	7572429271	Phone
Date Prepared	2012-10-25	DatePrepared

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

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	SARAH P SAVEDGE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 536	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1168114	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.TAWARRIORS.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1964	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	67	TotalNbrEmployees
Total Nbr Volunteers	27	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	236649	ContributionsGrantsPriorYear
Contributions Grants Current Year	56852	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1108096	ProgramServiceRevenuePriorYear
Program Service Revenue CY	980877	ProgramServiceRevenueCY
Investment Income Prior Year	9	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	86625	OtherRevenuePriorYear
Other Revenue Current Year	82174	OtherRevenueCurrentYear
Total Revenue Prior Year	1431379	TotalRevenuePriorYear
Total Revenue Current Year	1119903	TotalRevenueCurrentYear
Grants And Similar Amnts CY	4200	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1060840	SalariesEtcPriorYear
Salaries Etc Current Year	1040639	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	530260	OtherExpensePriorYear
Other Expenses Current Year	452472	OtherExpensesCurrentYear
Total Expenses Prior Year	1591100	TotalExpensesPriorYear
Total Expenses Current Year	1497311	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-159721	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-377408	RevenuesLessExpensesCY
Total Assets BOY	1572939	TotalAssetsBOY
Total Assets EOY	1468161	TotalAssetsEOY
Total Liabilities BOY	967985	TotalLiabilitiesBOY
Total Liabilities EOY	1035046	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	604954	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	433115	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1072365	Expense
Grants	4200	Grants
Revenue	1119903	Revenue
Description	PROVIDED PRIVATE SCHOOL FOR APPROXIMATELY 178 STUDENTS	Description
Total Program Service Expense	1072365	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	true	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	67	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	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	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

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

Field	Value	IRS element (for citing)
Telephone Number	8048995401	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
SARAH P SAVEDGE
CHAIRMAN	2.50	X	X	0	0	0
G HENRY GOODRICH
VICE CHAIR	2.50	X		0	0	0
MARTHA BURTON
DIRECTOR	2.50	X		0	0	0
CLINTON B FAISON
DIRECTOR	2.50	X		0	0	0
RAY PHILLIPS
DIRECTOR	2.50	X		0	0	0
WILLIAM D SCOTT
SECRETARY	2.50	X	X	0	0	0
RODNEY L TAYLOR
HEAD OF SCHO	40.00		X	66875	0	6450

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	66875	TotalReportableCompFromOrg
Total Other Compensation	6450	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	56852	AllOtherContributions
Total Contributions	56852	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
TUITION	611710	913470	913470
ACTIVITY ACCOUNTS	611710	58517		$58,517
TEXTBOOKS	611710	8890	8890

Field	Value	IRS element (for citing)
Total Program Service Revenue	980877	TotalProgramServiceRevenue

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	5850	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	5850	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	5850	TotalRevenueColumn
Exclusion	$5,850	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	124289	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	48211	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	76078	TotalRevenueColumn
Exclusion	$76,078	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Business Code	611710	BusinessCode
Total Revenue Column	246	TotalRevenueColumn
Related Or Exempt Function Income	246	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	246	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1119903	TotalRevenueColumn
Related Or Exempt Function Income	922606	RelatedOrExemptFunctionIncome
Exclusion	$140,445	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	4200	Total
Program Services	4200	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	66875	Total
Program Services	66875	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	837043	Total
Program Services	629407	ProgramServices
Management And General	207636	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	12814	Total
Program Services	9611	ProgramServices
Management And General	3203	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	54483	Total
Program Services	40862	ProgramServices
Management And General	13621	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	69424	Total
Program Services	52068	ProgramServices
Management And General	17356	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	14520	Total
Management And General	14520	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	18588	Total
Program Services	18588	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	78414	Total
Program Services	78414	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	53457	Total
Management And General	53457	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	85395	Total
Program Services	26351	ProgramServices
Management And General	59044	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
TRANSPORTATION	58903	58903
ATHLETIC DEPT. EXPENSE	48047	48047
INSTRUCTIONAL SUPPLIES	39039	39039
INSURANCE	31052		31052

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	25057	Total
Management And General	25057	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1497311	Total
Program Services	1072365	ProgramServices
Management And General	424946	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	10988	BOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	74494	BOY
EOY	56839	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2589791	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1178469	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1487457	BOY
EOY	1411322	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1572939	BOY
EOY	1468161	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	160978	BOY
EOY	176143	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	2020	BOY
EOY	20885	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	804987	BOY
EOY	838018	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	967985	BOY
EOY	1035046	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	535612	BOY
EOY	341112	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	69342	BOY
EOY	92003	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	604954	BOY
EOY	433115	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1572939	BOY
EOY	1468161	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-377408	ReconcilationRevenueExpenses
Reconcilation Other Changes	205569	ReconcilationOtherChanges
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)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	50560	OtherCostOrOtherBasis
Book Value	50560	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1889039	OtherCostOrOtherBasis
Depreciation	547561	Depreciation
Book Value	1341478	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	650192	OtherCostOrOtherBasis
Depreciation	630908	Depreciation
Book Value	19284	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1411322	TotalOfBookValueLandBuildings
Total Revenue	1119903	TotalRevenue
Total Expenses	1497311	TotalExpenses
Excess Or Deficit For Year	-377408	ExcessOrDeficitForYear
Other	$205,569	OtherAmount
Total Adjustments	205569	TotalAdjustments
Excess Or Deficit Per FS	-171839	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1351022	TotRevenueEtcAuditedFinclStmt
Other Revenues	231119	OtherRevenues
Revenue Not Rptd F990	231119	RevenueNotRptdF990
Revenue Subtotal	1119903	RevenueSubtotal
Total Revenue Per Form990	1119903	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1522861	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	25550	OtherExpensesIncluded
Expenses Not Rptd F990	25550	ExpensesNotRptdF990
Expenses Subtotal	1497311	ExpensesSubtotal
Total Expenses Per Form990	1497311	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	LIABILITY FOR UNCERTIAN TAX POSITIONS UNDER FIN 48 FOOTNOTE: ON JANUARY 1, 2009, THE ORGANIZATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOFNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTERST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	TRANSFER FROM RELATED ENTITY 205,569 FUNDRAISING EXPENSE 48,211 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -22,661 FUNDRAISING EXPENSE -48,211 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS 22,661
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	TRANSFER FROM RELATED ENTITY 205,569 FUNDRAISING EXPENSE 48,211 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -22,661
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	FUNDRAISING EXPENSE 48,211 CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -22,661
SUPPLEMENTAL FINANCIAL INFORMATION	SCHEDULE D, PAGE 4, PART XIV	THE ORIGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2009, 2010, 2011, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.

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	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 3	ReturnReference
Explanation	ADMISSIONS POLICIES OR THE ATHLETIC AND OTHER SCHOOLADMINISTERED PROGRAMS	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA AUCTION	NameOfEvent1
Gross Receipts Event1	30340	GrossReceiptsEvent1
Gross Revenue Event1	30340	GrossRevenueEvent1
Other Direct Expenses Event1	7424	OtherDirectExpensesEvent1
Name Of Event2	BIG MONEY RAFFL	NameOfEvent2
Gross Receipts Event2	22500	GrossReceiptsEvent2
Gross Revenue Event2	22500	GrossRevenueEvent2
Other Direct Expenses Event2	620	OtherDirectExpensesEvent2
Total Number Of Other Events	4	TotalNumberOfOtherEvents
Gross Receipts Other Events	62244	GrossReceiptsOtherEvents
Gross Revenue Other Events	62244	GrossRevenueOtherEvents
Other Direct Expenses Other Events	37534	OtherDirectExpensesOtherEvents
Gross Receipts Total	115084	GrossReceiptsTotal
Gross Revenue Total Events	115084	GrossRevenueTotalEvents
Other Direct Expenses Total Events	45578	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	45578	DirectExpenseSummaryEvents
Net Income Summary	69506	NetIncomeSummary

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	RODNEY TAYLOR	NameOfInterestedPerson
Relationship With Organization	HEADMASTER OF SCHOOL	RelationshipWithOrganization
Amount Of Grant	6450	AmountOfGrant
Type Of Assistance	TUITION ASSISTANCE	TypeOfAssistance

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	COPY OF FORM 990 IS REVIEWED AT DIRECTOR'S MEETING
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS, POLICY STATEMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ACADEMY'S OFFICES
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	205,569 TRANSFER FROM RELATED ENTITY

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY FOUNDATION INC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Field	Value	IRS element (for citing)
EIN	510423090	EIN
Primary Activities	CAPITAL	PrimaryActivities
Legal Domicile State	VA	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	PF	PublicCharityStatus
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	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	true	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	Q	TransactionType
Amount Involved	205569	AmountInvolved

TIDEWATER ACADEMY INC: Form 990, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

Program Service Revenue ProgramServiceRevenue (3 entries)

Gross Rents GrossRents

Rental Income Or Loss RentalIncomeOrLoss

Net Rental Income Or Loss NetRentalIncomeOrLoss

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Grants To Domestic Individuals GrantsToDomesticIndividuals

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Pension Plan Contributions PensionPlanContributions

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Accounting FeesForServicesAccounting

Office Expenses OfficeExpenses

Occupancy Occupancy

Interest Interest

Depreciation Depletion DepreciationDepletion

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Accounts Receivable AccountsReceivable

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Equipment Equipment

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

Schedule E IRS990ScheduleE

Form990 Schedule E Part II Form990ScheduleEPartII

Schedule G IRS990ScheduleG

Events Information EventsInformation

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Address US AddressUS

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

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