2012-11-12T14:47:04-06:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 4099 TAMIAMI TRAIL N STE 300 NAPLES FL 34103 990 2011-07-01 591039978 FUN TIME EARLY CHILDHOOD ACADEMY INC FUNT 2392618284 102 12TH ST N NAPLES FL 34102 VALERIE TROTMAN 2392618284 2012-11-09 1 AMELIA COOPER CPA P00437898 2392628686 2012-11-09 2011 2016-02-24 21:20:13Z VALERIE TROTMAN 102 12TH ST N NAPLES FL 34102 1455968 0 X WWW.FUNTIMEACADEMY.ORG X 1962 FL TO PROVIDE EDUCATION & CARE FOR THE CHILDREN OF LOW-INCOME WORKING FAMILIES. 18 18 30 55 0 0 936252 1088531 229413 230664 3344 1830 133057 -20891 1302066 1300134 0 0 0 0 819343 917104 0 0 42867 322876 332657 1142219 1249761 159847 50373 3616481 3688553 21298 57695 3595183 3630858 THE MISSION OF FUN TIME EARLY CHILDHOOD ACADEMY IS TO PROVIDE SAFE, QUALITY, AFFORDABLE EDUCATION AND CARE FOR CHILDREN OF LOW-INCOME WORKING FAMILIES AND TO PREPARE THE CHILDREN FOR KINDERGARTEN, READY TO READ AND READY TO LEARN! 0 0 1075293 230664 FUN TIME PROVIDES A HIGH-QUALITY EARLY CHILDHOOD LEARNING ENVIRONMENT. THE CHILDREN ARE TAUGHT BY TEACHERS WITH EARLY CHILDHOOD EDUCATION DEGREES AND CREDENTIALS. VOLUNTARY PRE-KINDERGARTEN IS OFFERED TO ALL CHILDREN AT FUN TIME THE YEAR PRIOR TO THEM ENTERING KINDERGARTEN, AND HEAD START IS AVAILABLE TO INCOME-ELIGIBLE FAMILIES.FUN TIME EDUCATES 84 CHILDREN FROM AGE TWO TO PRE-KINDERGARTEN. FULL BREAKFAST, LUNCH AND SNACK ARE SERVED FREE OF CHARGE TO ALL CHILDREN. FUN TIME IS OPEN FIVE DAYS A WEEK FROM 6:30 A.M. TO 5:30 P.M. TO ACCOMMODATE WORKING FAMILIES YEAR ROUND. 1075293 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 X 3 0 30 1 0 0 0 0 0 1 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X CRAIG HARRINGTON 2392618284 102 12TH STREET N NAPLES FL 34102 PETER MANION 3.00 X 0 0 0 SUSAN MANION 5.00 X 0 0 0 JAMES DERHAM 5.00 X X 0 0 0 MARY FREY 3.00 X 0 0 0 WILLIE ANTHONY 2.00 X 0 0 0 CRAIG JILK 1.00 X 0 0 0 JANET GABLE 4.00 X 0 0 0 OTTO IMMEL 5.00 X 0 0 0 MARY BETH JOHNS 3.00 X 0 0 0 KATHY LEAVESLEY 2.00 X 0 0 0 DICK MUNRO 3.00 X 0 0 0 MARSHA MURPHY 3.00 X 0 0 0 DELORES STOREY 2.00 X 0 0 0 VAL TROTMAN 12.00 X X 0 0 0 PEGGY LAVIGNE 1.00 X 0 0 0 MICHAEL WATKINS 2.00 X 0 0 0 SKIP ZINK 4.00 X 0 0 0 GARY ROOT 2.00 X 0 0 0 MAUREEN O'GORMAN 3.00 X 0 0 0 JINNY JOHNSON 4.00 X 0 0 0 PRISCILLA WASHBURN 4.00 X X 0 0 0 RUSTY TROTH 3.00 X 0 0 0 FRANNY KAIN 40.00 X 104477 0 7856 104477 0 7856 1 0 0 0 0 266487 320562 501482 95075 1088531 CHILD CARE FEES 624410 230664 230664 230664 1830 1830 130875 266487 155834 -24959 -24959 T-SHIRT SALES 900099 4068 4068 4068 1300134 234732 0 -23129 113188 33321 55926 23941 638596 638596 73210 72195 1015 92110 82899 6448 2763 9999 5199 4800 15052 8483 3108 3461 25801 23535 2161 105 95386 47693 47693 27886 23703 4183 SUPPLIES 88182 88182 0 0 REPAIRS AND MAINTENANCE 54472 49025 5447 0 FUNDRAISING EXPENSES 12597 12597 CONTINUING EDUCATION 3282 2462 820 1249761 1075293 131601 42867 28546 68181 223102 421733 24639 16907 501 728 29811 27894 2381808 329541 2129420 2052267 249695 930767 1100843 3616481 3688553 21298 57695 21298 57695 X 3090730 3131631 504453 499227 3595183 3630858 3616481 3688553 X 50373 -14698 X X 0 1 1 X 0 X 1949661 1280668 870018 936252 1088531 6125130 100684 225131 214241 229413 230664 1000133 2050345 1505799 1084259 1165665 1319195 7125263 90990 90990 0 90990 90990 7034273 39730 20493 7038 3344 1830 72435 39730 20493 7038 3344 1830 72435 2578 2154 2475 2894 4068 14169 2092653 1528446 1093772 1171903 1325093 7211867 0.97540 0.91140 0.01000 0.01000 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE FROM T-SHIRT SALES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 426314 190000 -14698 601616 220000 180000 26314 426314 0 220000 220000 0 1.00000 1 0 2032649 183547 1849102 349159 145994 203165 2052267 CAPITAL LAND LEASE 499227 BENEFICIAL INTERESTS IN ASSETS HELD BY OTHERS 601616 1100843 1300134 1249761 50373 -14698 -14698 35675 1285436 -14698 -14698 1300134 0 1300134 1249761 0 1249761 0 1249761 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE FUNDS FOR THE MAINTENANCE OF THE BUILDING USED IN THE SCHOOL AND TO CREATE A FUND THAT WILL PROVIDE FUTURE FUNDING FOR FUN TIME EARLY CHILDHOOD ACADEMY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THE ACADEMY TO BE EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE ACADEMY IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE ACADEMY FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY'S TAX RETURNS FROM THE TAX YEARS ENDED JUNE 30, 2009 THROUGH JUNE 30, 2011 ARE OPEN TO EXAMINATION BY THE IRS. NAPLES BEACH CLUB SPECIAL EVENT 397362 266487 130875 95075 41465 19294 397362 266487 130875 95075 41465 19294 155834 -24959 X AUCTION ITEMS AND VACATION PACKAGES 103 95075 FMV 0 0 0 FORM 990, PART V, LINE 7B: THE ORGANIZATION WILL NOTIFY DONORS OF THE FAIR MARKET VALUE OF PURCHASED AUCTION ITEMS AFTER FILING THE FORM 990 BUT BEFORE DECEMBER 31. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF DESIGNATED BOARD MEMBERS. THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR THE CONDUCT OF ALL CORPORATE BUSINESS IN ACCORDANCE WITH THE POLICIES FORMULATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 PETER AND SUSAN MANION HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS REVIEWED BY THE FINANCE COMMITTEE TO ENSURE THAT IT AGREES TO THE ANNUAL FINANCIAL STATEMENTS. ANY QUESTIONS THAT ARE RAISED ARE RESOLVED. THE 990 IS SENT TO THE BOARD FOR THEIR REVIEW AT THEIR BOARD MEETING. THE BOARD APPROVES THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A DECLARATION IS SIGNED BY THE BOARD MEMBERS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEW AND BENCHMARKING OF COMPARABLE ORGANIZATION. INCREASE APPROVED BY THE FINANCE COMMITTEE AND THE BOARD CHAIR. THE REVIEW WAS LAST PERFORMED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST IN EITHER ELECTRONIC OR PAPER FORM. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -14,698. FORM 990 PART XII, LINE 2C: THE PROCESS FOR APPROVING THE AUDITED FINANCIAL STATEMENTS OR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.