2012-12-13T13:45:37-06:00 2012-06-30 721396621 CARR RIGGS & INGRAM LLC 3501 N CAUSEWAY BLVD STE 810 METAIRIE LA 70002 990 2011-07-01 263202807 SUCCESS PREPARATORY ACADEMY SUCC 5043736200 2011 BIENVILLE STREET NEW ORLEANS LA 70112 ST CLAIRE ADRIAAN 5043736200 2012-12-13 1 MELANIE M LOUSTEAU CPA P00086550 5048379116 2011 2016-02-24 21:20:13Z ST CLAIRE ADRIAAN 2011 BIENVILLE STREET NEW ORLEANS LA 70112 4224366 0 X WWW.SUCCESSPREPARATORY.ORG X 2008 LA TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING. 10 10 55 73 0 0 3674526 4224366 0 0 0 0 0 0 3674526 4224366 0 0 0 0 1860581 2306334 0 0 0 1417291 1554791 3277872 3861125 396654 363241 1220264 1701969 133007 251471 1087257 1450498 X TO DEVELOP COLLEGE BOUND STUDENTS FOR LEADERSHIP AND LIFELONG LEARNING. 0 0 2840990 INSTRUCTIONAL EXPENSES INCURRED, FOR EXAMPLE, TEACHERS SALARIES AND CLASSROOM MATERIALS AND SUPPLIES. INSTRUCTIONAL EXPENSES INCURRED, FOR EXAMPLE, TEACHERS SALARIES AND CLASSROOM MATERIALS AND SUPPLIES. 2840990 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 10 0 1 55 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X ST CLAIRE ADRIAAN 5043736200 2011 BIENVILLE STREET NEW ORLEANS LA 70112 SASSY WHEELERPHD 1.00 X 0 0 0 KATHRYN BROUSSARD 1.00 X 0 0 0 BENJAMIN BLANCHARD 1.00 X 0 0 0 JACK CAREY 1.00 X 0 0 0 LEE ADLER 1.00 X 0 0 0 AVIONE PICHON 1.00 X 0 0 0 ANDERSON BAKER 1.00 X 0 0 0 RYAN BATES 1.00 X 0 0 0 AVERY CORENSWET 1.00 X 0 0 0 NIA DAVIS 1.00 X 0 0 0 SEAN SINGLETON 1.00 X 0 0 0 NILOY GANGOPADHYAY 40.00 X 91657 0 6071 ST CLAIRE ADRIAAN 40.00 X 91085 0 6071 KENDALL WOLFSON 40.00 X 71589 0 5268 DANIEL O'CONNELL 40.00 X 0 0 0 254331 0 17410 0 0 0 0 0 4176465 47901 4224366 4224366 0 0 0 X 271739 194882 76857 2034595 1607685 426910 23717 23717 274786 235437 39349 6119 6119 42479 42479 21902 18266 3636 30540 30540 BUS SERVICE 349588 349588 FOOD SERVICE 303315 303315 PURCHASED PROP SERVICES 188831 188831 SUPPLIES 101599 83579 18020 211915 48238 163677 3861125 2840990 1020135 0 542550 1032935 349840 356121 291817 276386 35620 36527 437 0 1220264 1701969 133007 251471 133007 251471 X 1087257 1450498 1087257 1450498 1220264 1701969 363241 0 X 0 0 0 X 0 4224366 3861125 363241 363241 4308844 84478 84478 4224366 0 4224366 3945603 84478 84478 3861125 0 3861125 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ON JANUARY 1, 2009, SUCCESS PREP ADOPTED A STANDARD RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECT FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. SUCCESS PREP RECOGNIZES THE FINANCIAL STATEMENT BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD BE MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT THE ADOPTION DATE, SUCCESS PREP APPLIED THE NEW ACCOUNTING STANDARD TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN. SUCCESS PREP DID NOT MAKE ANY ADJUSTMENT TO BEGINNING NET ASSETS AS A RESULT OF THE IMPLEMENTATION OF THE ACCOUNTING STANDARD. BASED ON ITS EVALUATION, SUCCESS PREP HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. SUCCESS PREP IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY THE INTERNAL REVENUE SERVICE FOR THE YEARS BEFORE 2009. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SUCCESS PREPARATORY ACADEMY IS A CHARTER SCHOOL IN NEW ORLEANS. IT RECEIVES ASSISTANCE PRIMARILY FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE LOUISIANA STATE DEPARTMENT OF EDUCATION. KATHRYN BROUSSARD BOARD TREASURER 1389056 KATHRYN BROUSSARD, BOARD TREASURER, IS A SENIOR VICE-PRESIDENT AND SENIOR BANKER IN THE NEW ORLEANS MIDDLE MARKET BANKING DIVISION OF JP MORGAN CHASE BANK. SUCCESS PREPARATORY ACADEMY HOLDS 2 CHECKING AND 1 SAVINGS ACCOUNT WITH JP MORGAN CHASE BANK. 0 FORM 990, PART VI, SECTION A, LINE 7A EXISTING MEMBERS OF THE BOARD OF DIRECTORS MUST NOMINATE NEW MEMBERS. NEW MEMBERS ARE THEN APPROVED BY THE VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE LOUISIANA DEPARTMENT OF EDUCATION AND STATE BOARD OF ELEMENTARY AND SECONDARY EDUCATION HAS SELECTIVE OVERSIGHT OVER BOARD DECISIONS. ANY BOARD DECISIONS MAY BE SUBJECT TO APPROVAL AND COMPLIANCE WITH DEPARTMENT POLICIES AND DIRECTIVES. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - EACH BOARD MEMBER RECEIVES A DRAFT COPY OF THE 990 AND EXAMINES FOR ITEMS THAT MAY BRING UP DISCUSSION WITH OTHER MEMBERS AND/OR TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS UPDATED AS CONFLICTS ARISE FOLLOWING INITIAL CLEARANCE FOR BOARD OF DIRECTOR ELECTIONS. FORM 990, PART VI, SECTION C, LINE 19 SUCCESS PREPARATORY ACADEMY MAKES ALL BOARD MEETING AGENDAS AND MINUTES PUBLIC BY POSTING ON THEIR WEBSITE, WWW.SUCCESSPREPARATORY.ORG.