TIDEWATER ACADEMY INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: TIDEWATER ACADEMY INC (EIN 54-0760977)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-11-30
IRS object ID: 201133349349300803
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 G
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-30T09:16:44-06:00	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	BARNES BROCK CORNWELL & HEILMAN PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 237	AddressLine1
City	WINDSOR	City
State	VA	State
ZIP Code	23487	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	540760977	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TIDE	NameControl
Phone	7578995401	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 536	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MOLLY M DOWLESS	Name
Title	CHAIRMAN	Title
Phone	7578995401	Phone
Date Signed	2011-11-09	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROSSIE E BROCK JR	Name
Phone	7572429271	Phone
Date Prepared	2011-11-14	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	MOLLY M DOWLESS	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1475808	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.TAWARRIORS.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1964	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	69	TotalNbrEmployees
Total Nbr Volunteers	27	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	178241	ContributionsGrantsPriorYear
Contributions Grants Current Year	236649	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1076181	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1108096	ProgramServiceRevenueCY
Investment Income Prior Year	8	InvestmentIncomePriorYear
Investment Income Current Year	9	InvestmentIncomeCurrentYear
Other Revenue Prior Year	58138	OtherRevenuePriorYear
Other Revenue Current Year	86625	OtherRevenueCurrentYear
Total Revenue Prior Year	1312568	TotalRevenuePriorYear
Total Revenue Current Year	1431379	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1105696	SalariesEtcPriorYear
Salaries Etc Current Year	1060840	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	463116	OtherExpensePriorYear
Other Expenses Current Year	530260	OtherExpensesCurrentYear
Total Expenses Prior Year	1568812	TotalExpensesPriorYear
Total Expenses Current Year	1591100	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-256244	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-159721	RevenuesLessExpensesCY
Total Assets BOY	1664174	TotalAssetsBOY
Total Assets EOY	1572939	TotalAssetsEOY
Total Liabilities BOY	1160268	TotalLiabilitiesBOY
Total Liabilities EOY	967985	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	503906	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	604954	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1174154	Expense
Revenue	1431379	Revenue
Description	PROVIDED PRIVATE SCHOOL FOR APPROXIMATELY 196 STUDENTS	Description
Total Program Service Expense	1174154	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	true	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	69	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	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	TIDEWATER ACADEMY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	8048995401	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
MOLLY M DOWLESS
CHAIRMAN	2.50	X	X	0	0	0
ROLAND BRITT
DIRECTOR	2.50	X		0	0	0
DONNA W EDWARDS
DIRECTOR	2.50	X		0	0	0
CLINTON B FAISON
DIRECTOR	2.50	X		0	0	0
KRISTEE S MITCHELL
DIRECTOR	2.50	X		0	0	0
SARAH P SAVEDGE
DIRECTOR	2.50	X		0	0	0
WILLIAM D SCOTT
SECRETARY	2.50	X	X	0	0	0
RODNEY L TAYLOR
HEAD OF SCHO	40.00		X	65729	0	11400

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	65729	TotalReportableCompFromOrg
Total Other Compensation	11400	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	236649	AllOtherContributions
Total Contributions	236649	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
TUITION	611710	1033207	1033207
ACTIVITY ACCOUNTS	611710	59987		$59,987
TEXTBOOKS	611710	14902	14902

Field	Value	IRS element (for citing)
Total Program Service Revenue	1108096	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	9	TotalRevenueColumn
Exclusion	$9	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	119751	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	44429	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	75322	TotalRevenueColumn
Exclusion	$75,322	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Business Code	611710	BusinessCode
Total Revenue Column	11303	TotalRevenueColumn
Related Or Exempt Function Income	11303	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	11303	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1431379	TotalRevenueColumn
Related Or Exempt Function Income	1059412	RelatedOrExemptFunctionIncome
Exclusion	$135,318	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	65729	Total
Program Services	65729	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	851724	Total
Program Services	671871	ProgramServices
Management And General	179853	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	20995	Total
Program Services	16586	ProgramServices
Management And General	4409	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	53367	Total
Program Services	42160	ProgramServices
Management And General	11207	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	69025	Total
Program Services	54530	ProgramServices
Management And General	14495	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18340	Total
Management And General	18340	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	23910	Total
Program Services	23910	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	86742	Total
Program Services	86742	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	52972	Total
Management And General	52972	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	130305	Total
Program Services	45694	ProgramServices
Management And General	84611	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
TRANSPORTATION	71401	71401
ATHLETIC DEPT. EXPENSE	47754	47754
INSTRUCTIONAL SUPPLIES	30880	30880
INSURANCE	25834		25834
SUPPLIES	16897	16897

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	25225	Total
Management And General	25225	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1591100	Total
Program Services	1174154	ProgramServices
Management And General	416946	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
EOY	10988	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	53474	BOY
EOY	74494	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2580531	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1093074	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1610700	BOY
EOY	1487457	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1664174	BOY
EOY	1572939	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	202988	BOY
EOY	160978	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	44992	BOY
EOY	2020	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	912288	BOY
EOY	804987	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1160268	BOY
EOY	967985	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	503906	BOY
EOY	535612	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
EOY	69342	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	503906	BOY
EOY	604954	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1664174	BOY
EOY	1572939	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-159721	ReconcilationRevenueExpenses
Reconcilation Other Changes	260769	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	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

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	50560	OtherCostOrOtherBasis
Book Value	50560	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1886089	OtherCostOrOtherBasis
Depreciation	492928	Depreciation
Book Value	1393161	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	643882	OtherCostOrOtherBasis
Depreciation	600146	Depreciation
Book Value	43736	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1487457	TotalOfBookValueLandBuildings
Total Revenue	1431379	TotalRevenue
Total Expenses	1591100	TotalExpenses
Excess Or Deficit For Year	-159721	ExcessOrDeficitForYear
Other	$260,769	OtherAmount
Total Adjustments	260769	TotalAdjustments
Excess Or Deficit Per FS	101048	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1736577	TotRevenueEtcAuditedFinclStmt
Other Revenues	305198	OtherRevenues
Revenue Not Rptd F990	305198	RevenueNotRptdF990
Revenue Subtotal	1431379	RevenueSubtotal
Total Revenue Per Form990	1431379	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1635529	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	44429	OtherExpensesIncluded
Expenses Not Rptd F990	44429	ExpensesNotRptdF990
Expenses Subtotal	1591100	ExpensesSubtotal
Total Expenses Per Form990	1591100	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 FOOTNOTE: ON JANUARY 1, 2009, THE ORGANIZATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2011.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	TRANSFER FROM RELATED ENTITY 260,769 FUNDRAISING EXPENSE 44,429 FUNDRAISING EXPENSE -44,429
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	TRANSFER FROM RELATED ENTITY 260,769 FUNDRAISING EXPENSE 44,429
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	FUNDRAISING EXPENSE 44,429
SUPPLEMENTAL FINANCIAL INFORMATION	SCHEDULE D, PAGE 4, PART XIV	THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 3	ReturnReference
Explanation	ADMISSIONS POLICIES OR THE ATHLETIC AND OTHER SCHOOLADMINISTERED PROGRAMS	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA AUCTION	NameOfEvent1
Gross Receipts Event1	34694	GrossReceiptsEvent1
Gross Revenue Event1	34694	GrossRevenueEvent1
Other Direct Expenses Event1	7428	OtherDirectExpensesEvent1
Name Of Event2	MAGAZINES/WRAPP	NameOfEvent2
Gross Receipts Event2	18582	GrossReceiptsEvent2
Gross Revenue Event2	18582	GrossRevenueEvent2
Other Direct Expenses Event2	10445	OtherDirectExpensesEvent2
Total Number Of Other Events	4	TotalNumberOfOtherEvents
Gross Receipts Other Events	58449	GrossReceiptsOtherEvents
Gross Revenue Other Events	58449	GrossRevenueOtherEvents
Other Direct Expenses Other Events	23803	OtherDirectExpensesOtherEvents
Gross Receipts Total	111725	GrossReceiptsTotal
Gross Revenue Total Events	111725	GrossRevenueTotalEvents
Other Direct Expenses Total Events	41676	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	41676	DirectExpenseSummaryEvents
Net Income Summary	70049	NetIncomeSummary

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	RODNEY TAYLOR	NameOfInterestedPerson
Relationship With Organization	HEADMASTER OF SCHOOL	RelationshipWithOrganization
Amount Of Grant	11400	AmountOfGrant
Type Of Assistance	TUITION ASSISTANCE	TypeOfAssistance

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	TIDEWATER ACADEMY PROVIDES ITS STUDENTS A COLLEGE PREPARATORY EDUCATION THAT FOSTERS A LIFELONG LOVE OF LEARNING WHILE INSTILLING THE CORE VALUES OF FAMILY, COMMUNITY AND GOOD CITIZENSHIP, BEST PREPARING THEM FOR THE CHALLENGES OF AN EVER CHANGING WORLD.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	COPY OF FORM 990 IS REVIEWED AT DIRECTOR'S MEETING
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS, POLICY STATEMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ACADEMY'S OFFICES
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	260,769 TRANSFER FROM RELATED ENTITY

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY FOUNDATION INC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	217 CHURCH STREET	AddressLine1
City	WAKEFIELD	City
State	VA	State
ZIP Code	23888	ZIPCode

Field	Value	IRS element (for citing)
EIN	510423090	EIN
Primary Activities	CAPITAL	PrimaryActivities
Legal Domicile State	VA	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	PF	PublicCharityStatus
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	true	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	true	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	TIDEWATER ACADEMY FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	Q	TransactionType
Amount Involved	260769	AmountInvolved

TIDEWATER ACADEMY INC: Form 990, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

Program Service Revenue ProgramServiceRevenue (3 entries)

Investment Income InvestmentIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Pension Plan Contributions PensionPlanContributions

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Accounting FeesForServicesAccounting

Office Expenses OfficeExpenses

Occupancy Occupancy

Interest Interest

Depreciation Depletion DepreciationDepletion

Other Expenses OtherExpenses (5 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Accounts Receivable AccountsReceivable

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Equipment Equipment

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

Schedule E IRS990ScheduleE

Form990 Schedule E Part II Form990ScheduleEPartII

Schedule G IRS990ScheduleG

Events Information EventsInformation

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Address US AddressUS

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Comments