2011-03-11T13:57:37-06:00 2010-08-31 PADGETT STRATEMANN & CO LLP 811 BARTON SPRINGS ROAD SUITE 550 AUSTIN TX 78704 990 2009-09-01 261609474 THE EAST AUSTIN ACADEMIA INC aka the east austin college prep academy EAST 5124622181 6002 JAIN LN AUSTIN TX 78721 MARISOL ROCHA 5124622181 2011-03-07 1 Jeff Anderson 5124760717 2009 2016-02-24 21:20:13Z MARISOL ROCHA 6002 JAIN LN AUSTIN TX 78721 1582021 0 X www.swkey.org/schools/academy X 2007 TX AN INNOVATIVE, TUITION-FREE CHARTER MIDDLE SCHOOL OPEN TO ALL STUDENTS LIVING IN EAST AUSTIN. 3 2 13 3 0 0 152330 1576068 0 0 3573 5953 155903 1582021 0 0 65598 756778 0 0 113898 926018 179496 1682796 -23593 -100775 137313 667524 160906 791892 -23593 -124368 TO INSPIRE STUDENTS TO HAVE CLEAR COLLEGE ASPIRATIONS ALONG WITH THE ACADEMIC SKILLS AND WORK ETHIC NECESSARY TO ACHIEVE THEIR GOALS AND BE SUCCESSFULL; TO AFFORD STUDENTS OPPORTUNITIES TO DEVELOP STRONG LEADERSHIP SKILLS AND EXHIBIT A FIRM AND CONTINUING COMMITMENT TO COMMUNITY SERVICES; AND TO PROVIDE RIGOROUS COLLEGE PREPARATORY CURRICULUM INCLUDING A STRONG FOUNDATION IN MATH AND SCIENCE FOR STUDENTS PURSUING A SCIENCE, TECHNOLOGY, ENGINEERING, OR MATHEMATICS FIELD. THE KEY PRINCIPLES OF THE ACADEMY ARE 1) ALL STUDENTS WILL SUCCEED; 2) MORE TIME FOR STUDENT LEARNING IS KEY TO SUCCESS; AND 3) RESULTS ARE THE BOTTOM LINE. 0 0 1376019 AN INNOVATIVE, TUITION-FREE CHARTER MIDDLE SCHOOL OPEN TO ALL STUDENTS LIVING IN EAST AUSTIN. THE SCHOOL WILL BEGIN AS A MIDDLE SCHOOL WITH ANTICIPATED INITIAL ENROLLMENT OF 85 STUDENTS IN GRADE SIX IN FALL OF 2010, AND 300 STUDENTS IN GRADES SIX, SEVEN, AND EIGHT BY THE END OF THIRD YEAR OF OPERATION. 1376019 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 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 1 0 0 13 1 0 0 0 0 0 0 0 0 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATHY PHAM 5122875023 6002 JAIN LANE AUSTIN TX 78721 DR JUAN SANCHEZ 1.00 X 0 255523 13197 SUSANA ALMANZA 1.00 X 0 0 0 MARTHA COTERA 1.00 X 0 0 0 DR NEREIDA CANTU 40.00 X X 7354 111093 4099 MELODY CHUNG 40.00 X 0 142903 8472 MAGALI LOPEZ 40.00 X 31603 0 0 MARISOL ROCHA 40.00 X 0 0 0 38957 509519 25768 0 0 1 0 RAMTECH BUILDING SYSTEMS 1400 US HIGHWAY 287 SOUTH MANSFIELD TX 76063 PORTABLE BUILDINGS 317811 SOUTHWEST KEY PROGRAMS 6002 JAIN LANE AUSTIN TX 78721 PROFESSIONAL CONTRACTUAL SERVICES 164000 2 33334 1243786 298948 1576068 5953 5953 5953 1582021 0 0 5953 107974 107974 529098 446371 82727 32555 26801 5754 77701 73145 4556 9450 8207 1243 13102 13102 369387 194696 174691 304593 292300 12293 135188 135188 28603 24104 4499 2765 2765 9857 9857 SCHOOL EXPENSES 32514 32514 MISCELLANEOUS 29789 21877 7912 DUES AND SUBSCRIPTIONS 115 115 FOOD AND CLOTHING 105 105 1682796 1376019 306777 0 34846 34174 91351 131677 11116 7932 493741 0 493741 137313 667524 30236 580546 130670 211346 160906 791892 X -59572 -323691 35979 199323 -23593 -124368 137313 667524 X 0 1 1 X 1 1 X 152330 1576068 1728398 152330 1576068 1728398 125256 1603142 1728398 9526 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 493741 493741 493741 1582021 1682796 -100775 0 -100775 1582021 0 1582021 0 1582021 1682796 0 1682796 0 1682796 Part X: Description of Uncertain Tax Positions Under FIN 48: The new provisions relating to accounting for the uncertainty in income taxes provided for a deferral of the effective date of implementation for certain nonpublic enterprises to annual financial statements for fiscal years beginning after December 15, 2008. The Organization elected this deferral and, accordingly, has adopted the new provisions as of September 1, 2009. The adoption of the new provisions for accounting for the uncertainty in income taxes did not have a material impact on the Organization's consolidated financial position or results of activities. The Organization adopted a policy to record interest and penalty expense related to income taxes as interest and other expense, respectively. At August 31, 2010, no interest or penalties have been or are required to be accrued. The Organization, generally, is no longer subject to income tax examination by federal authorities for years prior to August 31, 2007. X X 0 0 0 0 0 0 0 0 0 DR JUAN SANCHEZ 0 210766 0 41373 0 3384 0 7115 0 6082 0 268720 0 237200 MELODY CHUNG 0 135303 0 7600 0 0 0 4336 0 4136 0 151375 0 150147 Form 990, Part VI, Section B, line 11 The tax return was reviewed in detail by management and acccounting staff. Then, a copy of the final version was provided to the board of directors at its monthly meeting. IF members of the board did not attend the monthly board meeting, then a copy of THE TAX RETURN WAS EMAILED TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. After approval from the board of directors, the tax return was filed with the IRS. Form 990, Part VI, Section B, line 12c In connection with an actual or possible conflict of interest, an interested person must disclose the existence of the financial or personal interest and be given the opportunity to disclose all material facts. Determinations regarding conflict of interest inquiries are documented in the minutes of the board of directors or through a written report provided by the CEO to the board of directors. The board member involved does not speak or vote on those related issues. If a conflict of interest exists, then a disinterested person is appointed to investigate alternatives to the proposed transaction or arrangement. If a more advantageous transaction or arrangement is not reasonably possible, then it is determined by a majority vote of the disinterested persons whether the conflict of interest is fair and reasonable. Form 990, Part VI, Section B, line 15 LAST YEAR THE SUPERINTENDENT WAS MOVED FROM THE PARENT COMPANY TO THE SCHOOL, AND HER SALARIES REMAINED THE SAME. The superintendent's compensation was determined by the parent company's CEO who reviewed the comparable market rate. THE SUPERINTENDeNT REVIEWED AND APPROVED THE PRINCIPAL'S SALARY BEFORE EMPLOYMENT. THIS COMING YEAR, WE WILL HAVE A PROCESS IN COMPLIANCE TO DETERMINE COMPENSATION OF THE ABOVE POSITIONS AS REQUIRED. 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 xi, line 2c explanation: THE FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SOUTHWEST KEY MAINTENANCE LLC 6002 JAIN LANE AUSTIN TX 78721 200139649 PROVIDES JANITORIAL, MAINTENANCE, AND LANDSCAPING SERVICES TX SOUTHWEST KEY ENTERPRISES INC SOUTHWEST KEY CAFE DEL SOL LLC 6002 JAIN LANE AUSTIN TX 78721 260530306 PROVIDES A LOCAL GATHERING PLACE AND DINING OPTION TX SOUTHWEST KEY ENTERPRISES INC SOUTHWEST KEY WORKFORCE DEVELOPMENT LLC 6002 JAIN LANE AUSTIN TX 78721 270855414 PROVIDES SERVICES TO EMPLOYERS AND JOB SEEKERS TX SOUTHWEST KEY ENTERPRISES INC SOUTHWEST KEY PROPERTIES LLC 6002 JAIN LANE AUSTIN TX 78721 611535548 ENGAGES IN RESIDENTIAL COMMUNITY PLANNING AND DEVELOPMENT TX SOUTHWEST KEY ENTERPRISES INC YOUTH TRANSPORTATION SERVIES LLC 6002 JAIN LANE AUSTIN TX 78721 PROVIDES COMMUNITY-BASED SERVICES TO CHILDREN AND FAMILIES TX SOUTHWEST KEY ENTERPRISES INC SOUTHWEST KEY GREEN ENERGY & CONSTRUCTION LLC 6002 JAIN LANE AUSTIN TX 78721 212310750 PROVIDES SERVICES TO CENTRAL TX AND CREATES JOBS FOR LOW INCOME APPLICANTS TX SOUTHWEST KEY ENTERPRISES INC SOUTHWEST KEY YOUTH & FAMILY SERVICES LLC 6002 JAIN LANE AUSTIN TX 78721 271348268 PROVIDES COMMUNITY-BASED SERVICES TO CHILDREN AND FAMILIES TX SOUTHWEST KEY ENTERPRISES INC SOUTHWEST KEY PROGRAMS INC 6002 JAIN LANE AUSTIN TX 78721 742481167 TO PROVIDE DIFFERENT SOCIAL SERVICES TO YOUTH AND THEIR FAMILIES TX 501(C)(3) LINE 7 N/A SOUTHWEST KEY ENTERPRISES INC 6002 JAIN LANE AUSTIN TX 78721 208958545 HOLDING COMPANY TX N/A C 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 SOUTHWEST KEY PROGRAMS INC E 211346 SOUTHWEST KEY PROGRAMS INC O 177973 SOUTHWEST KEY MAINTENANCE LLC O 84401