2011-11-14T15:25:36-06:00 2011-06-30 HADDOX REID BURKES & CALHOUN PLLC 1100 REGIONS PLAZA JACKSON MS 39201 990 2010-07-01 640503063 PIKE SCHOOL CORPORATION INC A/K/A PARKLANE ACADEMY PIKE 6016848113 1115 PARKLANE ROAD MCCOMB MS 39648 JACK HENDERSON 6016848113 2011-11-15 1 M GREGORY KING CPA 6019482924 2010 2016-03-07 17:11:31Z JACK HENDERSON 1115 PARKLANE ROAD MCCOMB MS 39648 4016232 0 X WWW.PARKLANEACADEMY.NET X 1970 MS TO OPERATE A SCHOOL PROVIDING EDUCATIONAL SERVICES AND RELATED ACTIVITIES TO STUDENTS. 6 6 103 100 0 0 138343 141361 3076821 3589981 4809 4875 267676 170378 3487649 3906595 0 0 0 0 2465191 2489395 0 0 0 1007867 1314363 3473058 3803758 14591 102837 1714134 1811297 901036 753760 813098 1057537 PARKLANE ACADEMY, A PARENT-GOVERNED, COLLEGE PREPARATORY SCHOOL, EXISTS TO CHALLENGE YOUNG CHRISTIAN MEN AND WOMEN TO LOVE OTHERS AS THEMSELVES AND TO GROW IN KNOWLEDGE AND SKILL IN ORDER THAT THEY MAY SERVE OTHERS THROUGH THEIR CHARACTER AND LEADERSHIP. 0 0 3134222 3748604 THE OPERATION OF A SCHOOL KNOWN AS PARKLANE ACADEMY PROVIDING EDUCATION FOR STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL, ALONG WITH RELATED ACTIVITIES SUCH AS ATHLETICS AND MUSIC. 3134222 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 23 0 103 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 1 0 X THE ORGANIZATION 6016848113 1115 PARKLANE ROAD MCCOMB MS 39648 JACK HENDERSON 40.00 X 110304 0 0 BRIAN REMLEY 5.00 X X 0 0 0 JOHN DALE DUMAS 5.00 X X 0 0 0 ED FUNCHESS 5.00 X X 0 0 0 WARREN ADAMS 5.00 X 0 0 0 CHRIS HONEA 5.00 X 0 0 0 BRIAN SMITH 5.00 X 0 0 0 HOLLY D TURNAGE 5.00 X 0 0 0 110304 0 0 1 0 0 0 0 44100 97261 141361 TUITION & FEES 611600 2918262 2918262 ATHLETIC & STUDENT ACT 611700 622818 622818 AFTER CARE PROGRAM 611600 41180 41180 DRIVERS EDUCATION 611700 7721 7721 3589981 4875 4875 2995 2995 118397 109637 8760 8760 MAINTENANCE REIMBURSEM 611710 84000 84000 COMMISSION INCOME 611710 74623 74623 158623 3906595 3748604 0 16630 110304 110304 2174048 1901762 272286 28537 23734 4803 176506 121979 54527 563 563 27431 27431 29442 22467 6975 228056 167094 60962 4685 4685 64602 64602 STUDENT ACTIVITY EXPENS 555744 555744 OPERATING EXPENSES 173114 105970 67144 REPAIRS & MAINTENANCE 144488 124739 19749 INSURANCE 44001 26276 17725 CONTRACT LABOR 42237 15170 27067 3803758 3134222 669536 0 409655 478419 103383 104523 12325 71751 66785 34284 3422 5366 1729658 823612 940437 906046 178127 210908 1714134 1811297 41894 179770 326366 330589 170298 130499 362478 112902 901036 753760 X 595158 615964 132566 356199 85374 85374 813098 1057537 1714134 1811297 X 102837 141602 X 0 1 0 X 0 X 1 0 0 210908 1 1 217939 32781 20770 229950 212166 19187 13414 217939 262541 -38275 12100 212166 0.37130 0.62870 0 0 977572 380126 597446 297408 93879 203529 454678 349607 105071 906046 MUTUAL FUNDS 210908 F 210908 DUE TO AFFILIATE 112902 112902 3906595 3803758 102837 29872 111730 141602 244439 4046104 29872 109637 139509 3906595 0 3906595 3913395 109637 109637 3803758 0 3803758 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE EARNINGS OF THE ENDOWMENT FUNDS ARE INTENDED TO FUND SCHOLARSHIPS FOR NEEDY STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ACADEMY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ACADEMY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF PIONEER MANIA SALES 109,637. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF PIONEER MANIA SALES 109,637. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE NEWSPAPER DURING THE REGISTRATION PERIOD AND AT OTHER APPROPRIATE TIMES OF THE YEAR. THE SCHOOL HAS ALSO ADOPTED A FORMALIZED MINORITY OUTREACH PROGRAM. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 THE SCHOOL MAINTAINS ALL APPLICABLE RECORDS AND COPIES OF ALL MATERIALS USED IN CONNECTION WITH ADMISSIONS, ETC. FORM 990, PART VI, SECTION A, LINE 6 ALL PARENTS PAY A ONE TIME FEE OF $800 FOR A MEMBERSHIP FEE FOR STUDENTS TO ATTEND THIS PRIVATE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD HAS SIX VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THERE IS AN ANNUAL MEETING FOR ALL MEMBERS ONCE A YEAR. CHANGES TO THE BYLAWS MUST BE APPROVED BY THE GENERAL MEMBERSHIP BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE IRS FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 ALL WAGES ARE REVIEWED AND VOTED UPON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 PARKLANE ACADEMY IS A PRIVATE SCHOOL AND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE ENTITY DOES HAVE AN ANNUAL MEETING AND PRESENT THE FINANCIAL STATEMENTS TO THE MEMBERSHIP OF THE SCHOOL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 29,872. PRIOR PERIOD ADJUSTMENTS: 111,730. TOTAL TO FORM 990, PART XI, LINE 5: 141,602. FORM 990, PART XI, LINE 5, PRIOR PERIOD ADJUSTMENTS: THE PRIOR PERIOD ADJUSTMENTS OF $111,730 RELATE TO RECLASSIFICATIONS OF STUDENT ACTIVITY ACCOUNT BALANCES TO NET ASSETS AS FOLLOWS: IN PRIOR PERIODS, THE ACADEMY HAS MAINTAINED CERTAIN LIABILITY ACCOUNTS UNDER THE TITLE "DUE TO AGENCY FUNDS" TO ACCOUNT FOR VARIOUS STUDENT ACTIVITY FUNDS HELD BY THE ACADEMY THAT WERE DESIGNATED FOR A SPECIFIC PURPOSE OR ORGANIZED GROUPS. DURING THE CURRENT YEAR IT WAS DETERMINED THAT THESE FUNDS SHOULD BE ACCOUNTED FOR AS BEING PART OF THE ACADEMY, AS THE ACADEMY MAINTAINED CONTROL OF THE ACCOUNTS AND PROCESSED ALL CASH TRANSACTIONS THROUGH ITS BANK ACCOUNTS. AS A RESULT, A PRIOR PERIOD ADJUSTMENT WAS MADE TO CLASSIFY THESE FUNDS AS TEMPORARILY RESTRICTED, RESULTING IN A CHANGE TO BEGINNING TEMPORARILY RESTRICTED NET ASSETS. SOUTHWEST INVESTMENTS INC - 64-0505756 1115 PARKLANE DRIVE MCCOMB MS 39648 LESSOR- LEASES LAND AND PREMISES TO PIKE SCHOOL CORPORATION MS C 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 SOUTHWEST INVESTMENT INC J 90000 CASH SOUTHWEST INVESTMENT INC O 84000 CASH