2012-05-14T12:53:29-05:00 2011-06-30 CLARK SCHAEFER HACKETT & CO 40 N MAIN ST STE 800 KETTERING TOWE DAYTON OH 45423 990 2010-07-01 311690658 RICHARD ALLEN PREPARATORY INC RICH 9375679131 368 S PATTERSON BLVD DAYTON OH 45402 JEANETTE HARRIS 9375869500 2012-05-10 1 KEVIN T DAVIS CPA 9372260070 2012-05-10 2010 2016-02-24 21:20:13Z JEANETTE HARRIS 368 S PATTERSON BLVD DAYTON OH 45402 2037751 0 X NA X 1999 OH EDUCATE CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE IN MONTGOMERY COUNTY, OHIO. 5 5 0 9 0 0 1479128 1904740 94310 68404 0 0 10573 64607 1584011 2037751 0 0 0 0 0 0 0 0 0 1534148 2116901 1534148 2116901 49863 -79150 159638 138502 114505 172519 45133 -34017 TO MAINTAIN AND PROVIDE A SCHOOL EXCLUSIVELY FOR EDUCATIONAL, LITERARY, SCIENTIFIC AND RELATED TEACHING SERVICE. 0 0 1799367 133011 EDUCATE CHILDREN IN GRADES KINDERGARTEN THORUGH EIGHTH GRADE IN MONTGOMERY COUNTY, OHIO. 1799367 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 X FELIX O'AKU 9375679124 368 S PATTERSON BLVD DAYTON OH 45402 WANDA MILLS 1.00 X 0 0 0 MIA WORTHAM-SPELLS 1.00 X 0 0 0 BENJAMIN SPEARE-HARDY 1.00 X 0 0 0 DR LECRETA CLARK 1.00 X 0 0 0 MICHAEL BROWN 1.00 X 0 0 0 FELIX A O'AKU 40.00 X 0 89995 15322 DR JEANETTE HARRIS 40.00 X 0 189376 37309 DR MICHELLE THOMAS 40.00 X 0 99780 27922 0 379151 80553 0 0 1 0 THE INSTITUTE OF MANAGEMENT AND RESOURCE 386 S PATTERSON BLVD DAYTON OH 45402 PURCHASED SERVICES 2045758 1 1904740 1904740 SCHOOL LUNCH 611600 68404 68404 68404 OTHER 611600 64607 64607 64607 2037751 133011 0 0 44852 38124 6728 2750 2338 412 1770 1505 265 PURCHASED SERVICES 2045758 1738895 306863 SPONSORSHIP FEES 21771 18505 3266 2116901 1799367 317534 0 8474 19741 149394 118761 78786 78786 1770 0 159638 138502 86405 144419 28100 28100 114505 172519 X 45133 -34017 45133 -34017 159638 138502 -79150 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78786 78786 0 0 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS A NON-PROFIT ORGANIZATION THAT HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSLY AFFECT THE SCHOOL'S TAX-EXEMPT STATUS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL IS A PUBLIC SCHOOL THAT IS INDEPENDENT OF ANY SCHOOL DISTRICT AS PROVIDED BY THE OHIO REVISED CODE CHAPTERS 3314 AND 1702. AS A PUBLIC SCHOOL, RACIALLY NONDISCRIMINATORY POLICIES ARE MAINTAINED IN OPERATION, AS WELL AS IN SOLICITATION OF STUDENTS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 SCHOOL RECEIVES FUNDING FROM THE STATE OF OHIO AS WELL AS THE FEDERAL GOVERNMENT (PASSED THROUGH THE OHIO DEPARTMENT OF EDUCATION) TO PROVIDE FUNDING FOR EDUCATIONAL SERVICES AS WELL AS SPECIFIC EDUCATIONAL GRANT PROGRAMS. 1 X 0 0 0 0 0 0 0 0 0 DR JEANETTE HARRIS 0 175000 0 14376 0 0 0 26513 0 10796 0 226685 0 0 JEANETTE HARRIS PRESIDENT 189376 THE PRESIDENT OF THE ORGANIZATION WHOLLY OWNS THE INSTITUTE OF CHARTER SCHOOL MANAGEMENT RESOURCES, INC. (ICSMR) THAT PROVIDES CONSULTING SERVICES TO THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR). JEANETTE HARRIS IS COMPENSATED THROUGH ICSMR AND HER SALARY IS INCLUDED IN THE SERVICES BILLED TO IMR. THE TOTAL AMOUNT OF JEANETTE HARRIS' W-2 COMPENSATION FROM ICSMR IS SHOWN ON SCHEDULE L, PART IV ABOVE.IMR EMPLOYS ALL SCHOOL PERSONNEL AND PAYS VIRTUALLY ALL OTHER SCHOOL OPERATING COSTS. IMR ALLOCATES THE OPERATING COSTS TO EACH SCHOOL, INCLUDING AMOUNTS BILLED TO IT BY ICSMR. 0 FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION'S PRESIDENT, DR. JEANETTE HARRIS, IS THE MOTHER OF VICE PRESIDENT/SECRETARY, DR. MICHELLE THOMAS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND THEN REVIEWED BY THE PRESIDENT AND/OR TREASURER OF THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONSISTENTLY MONITORED AT EACH BOARD MEETING BY REQUIRING EACH BOARD MEMBER TO DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX: THE SCHOOL'S EXPENSES ARE PAID DIRECTLY BY THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR). IMR CHARGES THE SCHOOL FOR ITS DIRECT PROGRAMMATIC EXPENSES, AS WELL AS FOR AN ALLOCATED PORTION OF INDIRECT PROGRAMMATIC EXPENSES AND ADMINISTRATIVE COSTS. MANAGEMENT ESTIMATES THAT 85% OF THE CHARGES TO THE SCHOOL RELATE TO PROGRAMMATIC ACTIVITIES AND 15% RELATE TO ADMINISTRATIVE FUNCTIONS. NEITHER THE SCHOOL NOR IMR PERFORM ANY CHARITABLE FUNDRAISING ACTIVITIES. ACCORDINGLY, NO FUNDRAISING EXPENSES ARE REPORTED ON FORM 990, PART IX. FORM 990, PART I, LINE 5 & PART V, LINE 2: THE SCHOOL HAS A MANAGEMENT AGREEMENT WITH THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC (IMR) TO PERFORM THE FUNCTIONS REASONABLY REQUIRED TO MANAGE THE OEPRATION OF THE SCHOOL. THE SCHOOL REIMBURSES IMR EVERY PAY-PERIOD FOR THE GROSS PAYROLL EXPENSE OF THE CONTRACT EMPLOYEES WORKING AT THE SCHOOL AND MONTHLY FOR THE RELATED COST OF THE BENEFITS OFFERED TO THESE EMPLOYEES. FOR FISCAL YEAR 2010-2011, THE EXPENSE RELATED TO CONTRACTUAL EMPLOYEES WAS $1,230,272 FOR WAGES AND $101,590 FOR BENEFITS. FORM 990, SECTION A, COLUMN F: THE BOARD, PRESIDENT, VICE PRESIDENT AND TREASURER OF RICHARD ALLEN ACADEMY COMMUNITY SCHOOL SERVE IN THE SAME CAPACITY FOR RICHARD ALLEN PREPATORY, RICHARD ALLEN ACADEMY II, AND RICHARD ALLEN ACADEMY III COMMUNITY SCHOOLS, ALL OF WHICH ARE MANAGED BY THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR). THE VICE PRESIDENT AND TREASURER ARE EMPLOYEES OF IMR AND THE PRESIDENT IS AN EMPLOYEE OF THE INSTITUTE OF CHARTER SCHOOL MANAGEMENT RESOURCES, INC. (ICSMR). THE EMPLOYMENT COSTS ASSOCIATED WITH THESE OFFICERS ARE ALLOCATED BETWEEN THE RICHARD ALLEN SCHOOLS. FORM 990, PART XI, LINE 2B: THE AUDITOR OF THE STATE OF OHIO CONDUCTED A FINANCIAL STATEMENT AUDIT OF RICHARD ALLEN PREPARATORY ACADEMY FOR THE YEAR ENDED JUNE 30, 2010 AND ISSUED THEIR REPORT DATED NOVEMBER 18, 2011. THE JUNE 30, 2011 FINANCIAL STATEMENTS WERE PREPARED BY MANAGEMENT AND HAVE NOT BEEN AUDITED OR REVIEWED BY THE AUDITOR OF THE STATE OF OHIO NOR ANY INDEPENDENT ACCOUNTING FIRM. THE RICHARD ALLEN PREPARATORY ACADEMY WAS ALSO INCLUDED IN A SPECIAL AUDIT CONDUCTED BY THE AUDITOR OF THE STATE OF OHIO. THIS SPECIAL AUDIT REPORT DATED DECEMBER 5, 2011 COVERED THE TWO YEAR PERIOD JULY 1, 2008 THROUGH JUNE 30, 2010. SEVERAL FINDINGS FOR RECOVERY DUE FROM THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC., THE INSTITUTE OF CHARTER SCHOOL MANAGEMENT AND RESOURCES, INC., OFFICERS, BOARD MEMBERS, AND FORMER EMPLOYEES OF THE RELATED MANAGEMENT COMPANIES WERE IDENTIFIED IN THE AUDIT REPORT IN FAVOR OF RICHARD ALLEN PREPARATORY ACADEMY. THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2011, USED TO PREPARE THE FORM 990, DO NOT INCLUDE ANY ADJUSTMENTS RESULTING FROM AUDIT FINDINGS INCLUDED IN THE SPECIAL AUDIT REPORT ISSUED BY THE AUDITOR OF STATE. THE IMPACT OF ANY RECOVERY RELATED TO THESE AUDIT FINDINGS CAN NOT YET BE REASONABLY DETERMINED. THE REPORTS ISSUED BY THE AUDITOR OF STATE CAN BE ACCESSED BY THE PUBLIC THROUGH THE AUDITOR OF STATE'S WEBSITE. INSTITUTE OF MANAGEMENT AND RESOURCES INC 368 S PATTERSON BLVD DAYTON OH 45402 562366373 MANAGEMENT COMPANY OH 501(C)(3) 509(A)(2) N/A 0 RICHARD ALLEN ACADEMY II INC 368 S PATTERSON BLVD DAYTON OH 45402 311712317 PROVIDES HOUSING AND EDUCATIONAL SERVICES TO KINDERGARTEN STUDENTS OH 501(C)(3) 170(B)(1)(A)(II) RICHARD ALLEN ACADEMY INC 0 RICHARD ALLEN ACADEMY III INC 368 S PATTERSON BLVD DAYTON OH 45402 311756854 CHARTER SCHOOL OH 501(C)(3) 170(B)(1)(A)(II) RICHARD ALLEN ACADEMY INC 0 RICHARD ALLEN ACADEMY I INC 368 S PATTERSON BLVD DAYTON OH 45402 311690658 CHARTER SCHOOL OH 501(C)(3) 170(B)(1)(A)(II) RICHARD ALLEN ACADEMY INC 0 INSTITUTE OF CHARTER SCHOOL MANAGEMENT AND RESOURCES INC 368 SOUTH PATTERSON BLVD DAYTON OH 45402 311653449 CONSULTING SERVICES OF THE CEO AND RENT OF THE FACILITIES OH S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 INSTITUTE OF MANAGEMENT AND RESOURCES INC O 2045758 FAIR MARKET VALUE SCHEDULE R, PART II: THE INSTITUTE OF MANAGEMENT AND RESOURCES, INC. (IMR) WAS INITIALLY ESTABLISHED AS A NON PROFIT ORGANIZATION UNDER SECTION 501(C)(3). IMR FAILED TO FILE REQUIRED INFORMATION RETURNS FOR SEVERAL YEARS; AND THEREFORE, ITS TAX EXEMPT STATUS WAS REVOKED BY THE INTERNAL REVENUE SERVICE (IRS). MANAGEMENT IS CURRENTLY IN THE PROCESS OF APPLYING TO THE IRS IN ORDER TO REINSTATE IMR'S TAX EXEMPT STATUS. WHEN MANAGEMENT IS NOTIFIED THAT IMR'S TAX EXEMPT STATUS HAS BEEN RESTORED AND DETERMINES WHETHER ITS APPEAL FOR RETROACTIVE REINSTATEMENT HAS BEEN APPROVED OR DENIED, THE APPROPRIATE TAX FILINGS WILL BE MADE WITH THE IRS FOR THE DELINQUENT TAX YEARS. THE IMPACT ON RICHARD ALLEN PREPARATORY ACADEMY INC. OF THE REVOCATION OF IMR'S TAX STATUS CAN NOT YET BE REASONABLY DETERMINED.