2011-03-02T11:46:03-06:00 2010-07-31 Moss Adams LLP 6100 Uptown Blvd NE Ste 400 Albuquerque NM 87110 990 2009-08-01 850196115 SANDIA SCHOOL SAND 5053383000 532 OSUNA RD NE ALBUQUERQUE NM 87113 JENNY CRYSLER 5053383000 2011-02-15 1 Marla Castner 5058787200 2009 2016-02-24 21:20:13Z STEVEN ALBERT 532 OSUNA RD NE ALBUQUERQUE NM 87113 13606666 0 X WWW.SANDIAPREP.ORG X 1965 NM Sandia Prep is an independent coeducational school with a college preparatory program for grades 6-12 on one campus. The joy of learning and living is at the center of all we do. We provide a well-balanced program where the school, as an extension of families, supports the quest for human excellence and individual growth. 25 25 269 300 0 0 645484 1281905 10699146 11239204 173527 -20525 144459 93001 11662616 12593585 1374864 1652780 0 7157835 7246455 0 430551 3593249 3773580 12125948 12672815 -463332 -79230 34779766 35580424 20415284 21456927 14364482 14123497 Sandia Prep is an independent coeducational school with a college preparatory program for grades 6-12 on one campus. The joy of learning and living is at the center of all we do. We provide a well-balanced program where the school, as an extension of families, supports the quest for human excellence and individual growth. 0 0 8842640 10839972 SANDIA SCHOOL SERVES APPROXIMATELY 665 STUDENTS IN GRADES 6-12 BY PROVIDING WELL BALANCED INSTRUCTION AND OTHER STUDENT ACTIVITIES THAT SUPPORTS THE QUEST FOR HUMAN EXCELLENCE AND INDIVIDUAL GROWTH 1652780 1652780 SANDIA SCHOOL PROVIDED TUITION REMISSION AND FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND. THESE EXPENSES ARE USED TO HELP PAY THE TUITION FOR THOSE FINANCIALLY CHALLENGED STUDENTS. 271303 399232 SANDIA SCHOOL OFFERS A SUMMER PROGRAM TO COMPLEMENT THE REGULAR SCHOOL YEAR PROGRAM FOR OUR CURRENT STUDENTS, AS WELL AS PROVIDE A SAFE AND EDUCATIONALLY CHALLENGING ENVIRONMENT FOR YOUNGER STUDENTS WHEN REGULAR SCHOOLS ARE NOT IN SESSION. 10766723 1 1 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 1 269 1 0 0 0 0 0 1 1 0 0 0 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NM X JENNIFER CRYSLER 5053383000 532 OSUNA RD NE ALBUQUERQUE NM 87113 Juan Alderete 5.00 X 0 0 0 Billy Blackburn 5.00 X 0 0 0 Kelli Cooper 5.00 X 0 0 0 Michael Dexter 5.00 X X 0 0 0 Dan Drennan 5.00 X 0 0 0 Bob Eaton 5.00 X 0 0 0 Carol Hinton 5.00 X 0 0 0 Paul Hopkins 5.00 X 0 0 0 Geri Jones 5.00 X 0 0 0 Bart Kinney 5.00 X 0 0 0 Susan Longley 5.00 X 0 0 0 Gail Vavruska-Marcum 5.00 X 0 0 0 Rick Munoz 5.00 X 0 0 0 Nancy Pope 5.00 X 0 0 0 Paul Roth 5.00 X 0 0 0 Anne Sapon 5.00 X 0 0 0 Gretchen Seelinger MD 5.00 X 0 0 0 David Stanasolovich 5.00 X 0 0 0 Ken Tekin Jr 5.00 X 0 0 0 Debra Romero Thal 5.00 X 0 0 0 Len Trainor 5.00 X X 0 0 0 Alfred Volden '78 5.00 X 0 0 0 Lorna Wiggins 5.00 X X 0 0 0 Wendy York 5.00 X X 0 0 0 Vicky Zaleski 5.00 X X 0 0 0 Mimi Burns 5.00 X 0 0 0 Carol Cochran 5.00 X 0 0 0 Susan Przekurat Epstein 5.00 X 0 0 0 Jim Firkins 5.00 X 0 0 0 Doug Gibbons 5.00 X 0 0 0 Greg Hicks 5.00 X 0 0 0 Jessica Korber Montoya 5.00 X 0 0 0 David Neveill 5.00 X 0 0 0 Martye Womble 5.00 X 0 0 0 Richard Heath 40.00 X 223633 0 21337 Jennifer Crysler 40.00 X 86200 0 9275 STEVE ALBERT 40.00 X 0 0 0 Julie Cook 40.00 X 104500 0 10190 Ron Briley 40.00 X 108000 0 13065 522333 0 53867 3 0 1 0 GERALD MARTIN CONSTRUCTION PO BOX 91450 ALBUQUERQUE NM 87199 CONSTRUCTION 170947 1 47244 1234661 123125 1281905 STUDENT TUITION & FEES 611710 11239204 11239204 11239204 108800 108800 5 5 41003 8300 32703 32703 32703 787019 888448 27896 -101429 -27896 -129325 -129325 138891 47244 88437 50454 50454 SUMMER SCHOOL LUNCH 611710 4990 4990 MISCELLANEOUS INCOME 611710 4849 4849 9839 12593585 11239204 0 72476 1652780 1652780 340443 275760 51066 13617 5604704 4526175 853148 225381 282359 228011 42992 11356 571271 461377 86925 22969 447678 361587 68094 17997 33895 33895 64096 64096 21304 21304 105428 105428 178961 129960 42219 6782 175385 168370 5262 1753 306856 296067 9179 1610 17771 12973 4265 533 46391 36648 7761 1982 226201 218248 6766 1187 888739 857490 26585 4664 145284 131460 11122 2702 INSTRUCTIONAL EXPENSE 1060660 1060660 PHYSICAL PLANT MAINTENA 282472 273429 8433 610 FUNDRAISING EXPENSES 95802 95802 BAD DEBT 46054 26889 19165 MISCELLANEOUS 27921 22109 4691 1121 50360 26730 22310 1320 12672815 10766723 1475541 430551 16384 2806 4651881 4597281 272667 235733 3301760 3619223 47967 42893 136534 166099 136201 89973 29591185 7785795 22109112 21805390 2521428 2815667 1338710 1458218 247122 747141 34779766 35580424 1408430 2184526 9006854 9272401 10000000 10000000 20415284 21456927 X 11287355 10631663 197567 578997 2879560 2912837 14364482 14123497 34779766 35580424 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 5 635.00 0 0 0 1 0 16.00 531 0 4003364 31824 516059 24342 199987 4326918 4791700 25300 -564811 238858 9967 4003364 0.30000 0.67000 0.03000 0 0 2703609 2703609 24858160 6416595 18441565 2029416 1369200 660216 21805390 12593585 12672815 -79230 536346 -698101 -161755 -240985 12057763 536346 96737 633083 11424680 21304 1147601 1168905 12593585 12298748 96737 96737 12202011 21304 449500 470804 12672815 Part II, Line 9: Description of How Organization Reports Conservation Easements: THERE IS NO REVENUE ASSOCIATED WITH THE EASEMENT. THE EXPENSES ARE RECOGNIZED AS THEY ARE INCURRED. THE ESTIMATED VALUE OF THE LAND SUBJECT TO A CONSERVATION EASEMENT IS CARRIED AS AN ASSET (NON-DEPRECIABLE LAND) ON THE BALANCE SHEET OF THE SCHOOL. PART II, LINE 5: THE ORGANIZATION RECEIVED THE EASEMENT PROPERTY IN TWO INSTALLMENTS IN DECEMBER 2007 AND JUNE 2008. THEY ARE STILL IN THE PROCESS OF DEVELOPING A POLICY WITH RESPECT TO MONITORING, INSPECTION, VIOLATION, AND ENFORCEMENT OF THE CONSERVATION EASEMENT. Part V, Line 4: Description of Intended Use of Endowment Funds: THE SCHOOL'S ENDOWMENT PRIMARILY COMES FROM DONOR GIFTS, SO IT IS THE SCHOOL'S POLICY TO USE THE FUNDS IN ACCORDANCE WITH THE DONOR INTENT. FUNDS ARE INVESTED TO YIELD BOTH CASH INCOME AND APPRECIATE IN VALUE. ANNUAL DISTRIBUTIONS, NOT TO EXCEED 5% OF THE THREE YEAR AVERAGE BALANCE, SUPPORT THE VARIOUS PROGRAMS OF THE SCHOOL AS SPECIFIED BY THE DONOR, OR GENERAL SCHOOL OPERATIONS, IF THE GIFT WAS UNRESTRICTED. Part X: Description of Uncertain Tax Positions Under FIN 48: SANDIA PREPARATORY SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE ORGANIZATION ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ON AUGUST 1, 2009. THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE AN ADJUSTMENT TO THE AUG 1, 2009 BEGINNING BALANCE OF NET ASSETS. THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS AT AUG 1, 2009 AND AT JULY 31, 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS LOSS ON INTEREST RATE SWAP: 698,101 PART XII, LINE 2D - OTHER ADJUSTMENTS RENT EXPENSE: 8,300 FUNDRAISING EXPENSE: 88,437 TOTAL LINE 2D: 96,737 PART XII, LINE 4B - OTHER ADJUSTMENTS UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT: 698,101 GRANTS TO INDIVIDUALS: 449,500 TOTAL LINE 4B: 1,147,601 PART XIII LINE 2D - OTHER ADJUSTMENTS RENT EXPENSE: 8,300 FUNDRAISING EXPENSE: 88,437 TOTAL LINE 2D: 96,737 PART XIII LINE 4B - OTHER ADJUSTMENTS GRANTS TO INDIVIDUALS: 449,500 1 1 1 SANDIA PREPARATORY SCHOOL COMMUNICATES ITS NONDISCRIMINATORY POLICY ON THEIR WEBSITE, IN THE ADMISSION BROCHURE, IN THEIR STUDENT HANDBOOK, THROUGH PAID ADVERTISING IN A LOCAL NEWSPAPER AND ON ALL NEWS RELEASES AND MEDIA ALERTS. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SANDIA PREP GOLF TOURNAMENT 38880 4830 34050 1000 9760 4407 NOCHE DE ARTE DINNER/AUCTION 147255 42414 104841 43302 29968 186135 47244 138891 1000 53062 34375 88437 50454 1 0 0 FINANCIAL AID GRANTS AND EMPLOYEE TUITION REMISSION 187 1652780 FMV OF TUITION REDUCTION OF TUITION AMOUNT DUE FOR APPLICABLE SCHOOL YEAR Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: APPLICANTS FOR FINANCIAL AID MUST SUBMIT CERTAIN FINANCIAL INFORMATION TO AN OUTSIDE SERVICE (SCHOOL & STUDENT SERVICE IN PRINCETON, NJ) WHICH ESTABLISHES A LEVEL OF NEED FOR AID, BASED ON THE FAMILY'S TOTAL FINANCIAL SITUATION. WITH THIS BASIC INFORMATION, THE SANDIA PREPARATORY SCHOOL FINANCIAL AID COMMITTEE, HEREIN "COMMITTEE", CONSIDERS EACH CASE ON ITS MERITS, TAKING ACCOUNT OF ALL ADDITIONAL AVAILABLE INFORMATION. THE MAIN FACTORS CONSIDERED, RELATIVE TO EACH STUDENT ARE: FINANCIAL NEED, GRADE LEVEL AND SPACE AVAILABLE IN THAT GRADE, SCHOLASTIC ACHIEVEMENT OF THE STUDENT, THE STUDENTS CONTRIBUTION TO THE LIFE OF THE SCHOOL, AND THE LENGTH OF TIME THE STUDENT HAS BEEN AT THE SCHOOL. THE COMMITTEE SETS PRELIMINARY GUIDELINES FOR THE AMOUNTS TO BE AWARDED IN EACH GRADE. THESE LIMITS MAY BE ADJUSTED AS THE COMMITTEE PROCEEDS WITH THE DETERMINATION OF FINANCIAL AID GRANTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Richard Heath 218833 0 0 0 4800 0 16372 0 4965 0 244970 0 0 0 Part I, Line 1a THE SCHOOL HIRED A NEW HEAD OF SCHOOL DURING THE TAX YEAR. TRAVEL WAS PAID BY THE SCHOOL FOR THE HEAD OF SCHOOL'S WIFE DURING THE RECRUITING PROCESS. A MONTHLY HOUSING ALLOWANCE OF $2,000 IS GIVEN THE HEAD OF SCHOOL DURING THE FIRST YEAR OF EMPLOYMENT. VILLAGE OF LOS RANCHOS DE ALBUQUERQUE 850236091 2007-08-17 10000000 CONSTRUCTION OF GYM, CLASSROOMS, PERFORMING ARTS, INSTRUCTIONAL SPACES 0 0 10000000 10000000 2009 1 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 COMPASS BANK 20.000000000000 0 0 0 X 9 110010 FMV ON DATE OF GIFT X FURNITURE & EQUIPMENT 5 3815 THRIFT/USED STORE PRICE X OUTDOOR/EXERCISE EQUIPMENT 3 5800 THRIFT/USED STORE PRICE X MUSICAL EQUIPMENT 1 3500 THRIFT/USED STORE PRICE 0 0 1 1 Third Party Use: Part I, Line 32b: STOCK GIFTS ARE MADE TO A BROKER ACCOUNT HELD BY THE SCHOOL. THE BROKER NOTIFIES THE SCHOOL UPON RECEIPT OF THE STOCK AND THEN SELLS IT FOR THE SCHOOL AS SOON AS POSSIBLE. Form 990, Part VI, Section B, line 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S FINANCE COMMITTEE BEFORE IT IS SUBMITTED. THE ORGANIZATION'S FINANCE COMMITTEE CONTAINS 9 BOARD OF DIRECTORS. THE FORM 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS BY REQUEST. Form 990, Part VI, Section B, line 12c All trustees and key employees are required to complete a conflict of interest disclosure form each year which explains the occasions that might give rise to conflicts and the answers are reviewed by the CFO. Any trustee with a potential conflict of interest is instructed not to vote on any board proposals that pertain to the area of conflict. Form 990, Part VI, Section B, line 15a THE HEADMASTER'S COMPENSATION IS DETERMINED BY INDEPENDENT BOARD OF TRUSTEES. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE HEADMASTER. THE SCHOOL USES INFORMATION DERIVED FROM MEMBERSHIP ORGANIZATIONS FOR USE IN SETTING PARAMETERS FOR FACULTY SALARIES. OTHER SALARIES ARE ESTABLISHED WITHIN BUDGETARY CONSTRAINTS. THE APPROVAL OF COMPENSATION IS DOCUMENTED. Form 990, Part VI, Section C, line 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE TO THE PUBLIC THROUGH SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BASED UPON SPECIFIC REQUESTS BY INDIVIDUALS OR ORGANIZATIONS.