SHARON ACADEMY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SHARON ACADEMY (EIN 03-0350587)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-10
- IRS object ID
- 201231319349300133
- Schema version
- 2010v3.4
- 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 F
- Schedule I
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-10T11:16:49-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TYLER SIMMS & STSAUVEUR CPAS PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 MORGAN DRIVE | AddressLine1 |
| City | LEBANON | City |
| State | NH | State |
| ZIP Code | 03766 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030350587 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SHARON ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SHAR | NameControl |
| Phone | 8027632500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 207 | AddressLine1 |
| City | SHARON | City |
| State | VT | State |
| ZIP Code | 05065 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL LIVINGSTON | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 8027632500 | Phone |
| Date Signed | 2012-04-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES N GODFREY CPA | Name |
| Phone | 6036530044 | Phone |
| Date Prepared | 2012-04-23 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL LIVINGSTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 207 | AddressLine1 |
| City | SHARON | City |
| State | VT | State |
| ZIP Code | 05065 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2429947 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SHARONACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | EDUCATION GRADES 7-12 | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 71 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 151846 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 211282 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2053167 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2199343 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 30277 | InvestmentIncomePriorYear |
| Investment Income Current Year | 19322 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 5619 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2240909 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2429947 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2801 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1663021 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1673075 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 53857 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 558720 | OtherExpensePriorYear |
| Other Expenses Current Year | 706083 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2221741 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2381959 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 19168 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 47988 | RevenuesLessExpensesCY |
| Total Assets BOY | 3606047 | TotalAssetsBOY |
| Total Assets EOY | 3745215 | TotalAssetsEOY |
| Total Liabilities BOY | 867104 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 859535 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2738943 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2885680 | NetAssetsOrFundBalancesEOY |
| Mission Description | EDUCATION GRADES 7-12 | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1839396 | Expense |
| Grants | 2801 | Grants |
| Revenue | 2199343 | Revenue |
| Description | 166 STUDENTS GRADES 7-12 WERE EDUCATED BY TEACHERS/EMPLOYEES | Description |
| Total Program Service Expense | 1839396 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 71 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | 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 | MICHAEL LIVINGSTON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8027632500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 207 | AddressLine1 |
| City | SHARON | City |
| State | VT | State |
| ZIP Code | 05065 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| PETER TEACHOUT | ||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| JIM NOURSE | ||||||
| VICE PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| BRAD ATWOOD | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| TRUDI BROCK | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| ROB ANDEREGG | ||||||
| CHAIR, FINANCE | 1.00 | X | X | 0 | 0 | 0 |
| BARBARA BARNES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JENNIFER BROWN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLOTTE FACCIO | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| PHYLLIS FORBES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CATHERINE KOREN | ||||||
| TRUSTEE | 1.00 | X | 3578 | 0 | 0 | |
| JENEPHER LINGELBACH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MILLYN MOORE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JULIA PATTISON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SUSAN COLE PETERS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN ROE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| KEN WRIGHT | ||||||
| TRUSTEE | 1.00 | X | 287 | 0 | 0 | |
| MICHAEL LIVINGSTON | ||||||
| HEAD OF SCHOOL | 40.00 | X | 84686 | 0 | 16489 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 88551 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 16489 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 211282 | AllOtherContributions |
| Noncash Contributions | 48288 | NoncashContributions |
| Total Contributions | 211282 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 2081729 | 2081729 |
| PROGRAM REVENUES | 611710 | 117614 | 117614 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2199343 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19322 | TotalRevenueColumn |
| Exclusion | $19,322 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2429947 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2199343 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $19,322 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2801 | Total |
| Program Services | 2801 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99548 | Total |
| Management And General | 99548 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1235594 | Total |
| Program Services | 949178 | ProgramServices |
| Management And General | 246867 | ManagementAndGeneral |
| Fundraising | 39549 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21679 | Total |
| Program Services | 15609 | ProgramServices |
| Management And General | 5420 | ManagementAndGeneral |
| Fundraising | 650 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208599 | Total |
| Program Services | 162315 | ProgramServices |
| Management And General | 39521 | ManagementAndGeneral |
| Fundraising | 6763 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107655 | Total |
| Program Services | 77511 | ProgramServices |
| Management And General | 26914 | ManagementAndGeneral |
| Fundraising | 3230 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16285 | Total |
| Management And General | 16285 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6132 | Total |
| Management And General | 6132 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3366 | Total |
| Program Services | 3366 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101624 | Total |
| Program Services | 73169 | ProgramServices |
| Management And General | 25406 | ManagementAndGeneral |
| Fundraising | 3049 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 721 | Total |
| Program Services | 721 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3793 | Total |
| Program Services | 3793 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37066 | Total |
| Program Services | 37066 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128934 | Total |
| Program Services | 128934 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20546 | Total |
| Program Services | 14793 | ProgramServices |
| Management And General | 5137 | ManagementAndGeneral |
| Fundraising | 616 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| DISCONTINUED OPERATIONS | 178003 | 178003 |
| BOOKS AND PROGRAMS | 57078 | 57078 |
| SUPPLIES | 27747 | 27747 |
| SPORTS | 26729 | 26729 |
| FIELD TRIPS | 25610 | 25610 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72449 | Total |
| Program Services | 54973 | ProgramServices |
| Management And General | 17476 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2381959 | Total |
| Program Services | 1839396 | ProgramServices |
| Management And General | 488706 | ManagementAndGeneral |
| Fundraising | 53857 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10323 | BOY |
| EOY | 9671 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192516 | BOY |
| EOY | 178420 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40639 | BOY |
| EOY | 30567 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3693 | BOY |
| EOY | 27195 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3628538 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 852993 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2809000 | BOY |
| EOY | 2775545 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 479451 | BOY |
| EOY | 699038 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20425 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 24779 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3606047 | BOY |
| EOY | 3745215 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4088 | BOY |
| EOY | 27283 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 23086 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 587465 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 264422 | BOY |
| EOY | 809166 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11129 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 867104 | BOY |
| EOY | 859535 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2633870 | BOY |
| EOY | 2774029 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20264 | BOY |
| EOY | 26842 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84809 | BOY |
| EOY | 84809 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2738943 | BOY |
| EOY | 2885680 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3606047 | BOY |
| EOY | 3745215 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 47988 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 98749 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 355630 | BeginningOfYearBalance |
| Contributions | 1150 | Contributions |
| Investment Earnings Or Losses | 74490 | InvestmentEarningsOrLosses |
| Other Expenditures | 11795 | OtherExpenditures |
| End Of Year Balance | 419475 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 308284 | BeginningOfYearBalance |
| Contributions | 12011 | Contributions |
| Investment Earnings Or Losses | 33330 | InvestmentEarningsOrLosses |
| Other Expenditures | -2005 | OtherExpenditures |
| End Of Year Balance | 355630 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 182300 | BeginningOfYearBalance |
| Contributions | 4425 | Contributions |
| Investment Earnings Or Losses | 45234 | InvestmentEarningsOrLosses |
| Other Expenditures | -76325 | OtherExpenditures |
| End Of Year Balance | 308284 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.79780 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.20220 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 317941 | OtherCostOrOtherBasis |
| Book Value | 317941 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2431757 | OtherCostOrOtherBasis |
| Depreciation | 456006 | Depreciation |
| Book Value | 1975751 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 429497 | OtherCostOrOtherBasis |
| Depreciation | 129032 | Depreciation |
| Book Value | 300465 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 422091 | OtherCostOrOtherBasis |
| Depreciation | 253405 | Depreciation |
| Book Value | 168686 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 27252 | OtherCostOrOtherBasis |
| Depreciation | 14550 | Depreciation |
| Book Value | 12702 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2775545 | TotalOfBookValueLandBuildings |
| Total Revenue | 2429947 | TotalRevenue |
| Total Expenses | 2381959 | TotalExpenses |
| Excess Or Deficit For Year | 47988 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 98748 | NetUnrealizedGLOnInvestments |
| Other | $1 | OtherAmount |
| Total Adjustments | 98749 | TotalAdjustments |
| Excess Or Deficit Per FS | 146737 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2344071 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 98748 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 98748 | RevenueNotRptdF990 |
| Revenue Subtotal | 2245323 | RevenueSubtotal |
| Other Revenues Not Included | 184624 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 184624 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2429947 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2199833 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2199833 | ExpensesSubtotal |
| Other Expenses Not Included | 182126 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 182126 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2381959 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE BOARD OF TRUSTEES INTENDS THE ENDOWMENT FUND TO BE A LONG-TERM INVESTMENT WHOSE PRINCIPAL OF THE BOARD-DESIGNATED FUNDS WILL REMAIN INVESTED AND WHOSE INTEREST, EITHER IN PART OR IN TOTAL, WILL BE USED, ONCE THE ENDOWMENT FUND HAS GROWN TO A REASONABLE AND SUFFICIENT SIZE, TO SUPPLEMENT THE INCOME OF THE ACADEMY. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | ROUNDING 1. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 2,801. DISCONTINUED OPERATIONS 181,823. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 2,801. ROUNDING 1. DISCONTINUED OPERATIONS 179,324. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | ADVERTISING FOR TEACHING POSITIONS INDICATE SHARON ACADEMY IS AN EQUAL OPPORTUNITY EMPLOYER. STUDENT APPLICATION FORMS INCLUDE STATEMENT THAT THE ACADEMY IS RACIALLY NONDISCRIMINATORY. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | TUITION FOR MANY STUDENTS IS PAID BY THEIR LOCAL SCHOOL DISTRICT. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | LADAKH, INDIA | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | STUDENTS STUDY ABROAD | TypeOfActivitiesConducted |
| Specific Services Provided | EDUCATION OF STUDENTS | SpecificServicesProvided |
| Total Expenditures | 179324 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 179324 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 179324 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 7 | NumberOfRecipients |
| Amount Of Non Cash Assistance | 2801 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | TUITION ASSISTANCE | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE NAMES AND ADDRESSES OF THE RECIPIENTS ARE AVAILABLE AT SHARON ACADEMY. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 18288 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | FURNITURE | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 30000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE SHARON ACADEMY USES CHARLES SCHWAB, INC. TO SELL ANY STOCK CONTRIBUTIONS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 FOR ACCURACY AND APPROVE IT BEFORE THE FILING DEADLINE. THE FINANCE COMMITTEE WILL THEN REPORT THE FINDINGS OF THE FORM 990 TO THE BOARD OF TRUSTEES. | |
| ANNUALLY, ALL MEMBERS OF THE BOARD OF TRUSTEES PROVIDE THE CHAIRPERSON WITH A LIST OF BUSINESSES AND NONPROFIT ORGANIZATIONS WITH WHICH THEY ARE AFFILIATED. IT IS THE RESPONSIBILITY OF EACH MEMBER OF THE BOARD OF TRUSTEES TO DISCLOSE ANY DISQUALIFYING RELATIONSHIP RELATING TO ANY PROPOSED TRANSACTIONS AND TO ABSTAIN FROM DISCUSSING, VOTING ON, OR OTHERWISE ATTEMPTING TO INFLUENCE THE DECISION ON THE PROPOSED ACTION. HOWEVER, THE INDIVIDUAL TRUSTEES MAY PROVIDE INFORMATION IF THEY ARE REQUESTED TO DO SO. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE SALARY FOR MICHAEL LIVINGSTON, THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE SALARIES FOR ALL OTHER EMPLOYEES. FACULTY MEMBERS ARE ON A SALARY PLAN WITH A SPECIFIC FORMULA TO DETERMINE THEIR STARTING SALARIES AND THEIR SALARY INCREASES AT SPECIFIC PERCENTAGES PLUS INFLATION EACH YEAR. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE FORM 1023 AND THE FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. | FORM 990, PART VI, SECTION C, LINE 18 | |
| ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 98,748. ROUNDING 1. TOTAL TO FORM 990, PART XI, LINE 5: 98,749. | FORM 990, PART XI, LINE 5: |
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