2025-03-10T14:23:29-05:00 2024-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-07-01 581970181 THE ALFRED AND ADELE DAVIS ACADEMY INC % KIM RICH ALFR 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 AMY SHAFRON HEAD OF SCHOOL 7706710085 2025-05-15 true true SABRE J LINAHAN P01372980 4048746244 2025-05-15 2023 2025-03-06 01:10:19Z AMY SHAFRON 8105 ROBERTS DRIVE ATLANTA GA 30350 23455587 false X WWW.DAVISACADEMY.ORG X 1992 GA TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE. 37 36 152 98 0 4616907 1541045 13969619 14740919 -442337 -3972793 -10192 36659 18133997 12345830 2696101 2895194 0 0 7926046 8670754 0 0 613402 4775819 5352607 15397966 16918555 2736031 -4572725 68039371 72911545 11020837 9711608 57018534 63199937 X TO PROVIDE AN ACADEMICALLY CHALLENGING ENVIRONMENT WITH ENRICHED CURRICULA, INTEGRATING GENERAL ACADEMICS AND JUDAIC STUDIES FROM MECHINA KINDERGARTEN PREP THROUGH EIGHTH GRADE IN A NURTURING, SECURE ENVIRONMENT, INSTRUCTED BY A FACULTY DEDICATED TO EXCELLENCE, CHILDREN ARE ENCOURAGED TO REACH THEIR HIGHEST POTENTIAL. THE DAVIS ACADEMY STRIVES TO CREATE A COMMUNITY IN WHICH CHILDREN DEVELOP A LIFE-LONG LOVE FOR LEARNING AND A COMMITMENT TO JEWISH LIFE FOUNDED ON MORALS, VALUES, AND ETHICS, GROUNDED IN TORAH. false false 13716038 2895194 14740919 THE CORPORATION OPERATED AS A NON-PROFIT PRE-K THROUGH EIGHTH GRADE PRIVATE SCHOOL WITH 476 STUDENTS IN ATTENDANCE. 13716038 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false false false true false false false false false false false false false false true 52 0 true 152 true false false false false false true true false false false false false false X 37 36 true false false false false false false true true false false true true true true true true true true false GA X KIM RICH 7706710085 8105 ROBERTS DRIVE ATLANTA GA 30350 X Amy Shafron Head of School 40.0 0.0 X 411719 0 35000 Drew Frank 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Kurzweil Past President 1.0 0.0 X 0 0 0 Dulcy Davis Rosenberg Trustee for Life 1.0 0.0 X 0 0 0 Elizabeth Davis Director 1.0 0.0 X 0 0 0 Emily Silberman Director 1.0 0.0 X 0 0 0 Evan Toporek Immediate Past President 1.0 0.0 X 0 0 0 Harriet Zoller Past President 1.0 0.0 X 0 0 0 Jan Epstein Past President 1.0 0.0 X 0 0 0 Jason Tessler Director 1.0 0.0 X 0 0 0 Jay Davis Trustee for Life 1.0 0.0 X 0 0 0 Jeff Hopkins Vice President 1.0 0.0 X 0 0 0 Jon Leven Past President 1.0 0.0 X 0 0 0 Jonathan Habif Director 1.0 0.0 X 0 0 0 Josh Perlstein Director 1.0 0.0 X 0 0 0 Julia Galanti Director 1.0 0.0 X 0 0 0 Kevin Levingston Treasurer 1.0 0.0 X 0 0 0 Lauren Bricks Director 1.0 0.0 X 0 0 0 Linda Selig Director 1.0 0.0 X 0 0 0 Lisa Haynor Director 1.0 0.0 X 0 0 0 Lisa Freedman President 1.0 0.0 X 0 0 0 Mara Berman Director 1.0 0.0 X 0 0 0 Mark Edelstein Director 1.0 0.0 X 0 0 0 Meryl Macune Director 1.0 0.0 X 0 0 0 Micah Goldstein Vice President 1.0 0.0 X 0 0 0 Michelle Rosenberg Director 1.0 0.0 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10827216 9255509 195127 2895194 3090321 12345830 13901322 0 73088 73088 13828234 195127 2895194 3090321 16918555 Schedule D, Part V, Line 4 Endowment assets include those assets of donor restricted funds the the academy must hold in perpetuity or for a donor-specified period(s) as well as board-designated funds. The Academy's endowments are invested in pooled funds. AAs of December 2023, the organization began transferring funds from Wells Fargo to Charles Schwab. As of December 31, 2024, all funds had been transferred. The Academy's investment policy defines acceptable investment vehicles and also establishes a minimum and maximum for each type of investment to achieve the stated goals. The approved investment vehicles include equities, fixed income securities, cash equivalents, real assets and alternative investments. The Academy has adopted a spending policy under which spending of income earned by the unrestricted endowment accounts is discretionary, based on the needs of the Academy and the approval of the Academy's Board of Trustees. Endowment funds created through restricted gifts from donors are to be managed according to the wishes of the donors. However, only up to 4% of the three-year average market value will be distributed. Unless otherwise stipulated by the donors, all principal is to be kept intact, and only the earnings are to be used for the restricted purpose of the fund. The Academy considers a fund to be underwater if the fair value of the fund is less than the sum of (a) the original value of initial and subsequent gift amounts donated to the fund and (b) any accumulations to the fund that are required to be maintained in perpetuity in accordance with the direction of the applicable donor gift instrument. The Academy has complied with UPMIFA to permit spending from an underwater endowment. Schedule D, Part X, Line 2 The Academy qualifies as a tax-exempt organization under Section 501(3) of the Internal Revenue Code and, therefore, has no provision for income taxes. However, income from certain activities not directly related to the Academy's tax exempt purpose is subject to taxation as unrelated business income. During the years ended June 30, 2024 and 2023, the Academy incurred no income tax expense related to unrelated business income. The Academy qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The Academy annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Academy takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Academy is subject to examination by the federal and state taxing authorities. In general, the Academy is no longer subject to tax examinations for tax years ending before June 30, 2021. Schedule D, Part XI, Line 2D $73,088 - Rental Expenses Schedule D, Part XI, Line 4B TUITION ASSISTANCE: $2,895,194 Schedule D, Part XII, Line 2D $73,088 - Rental Expenses Schedule D, Part XII, Line 4B TUITION ASSISTANCE: $2,895,194 true true true true true true true false false false false false false false false false false true Sch E Part 1, Line 3 Policy is publicized on application materials which is provided along with an information package for all interested parties. golf tournament 171542 100250 71292 34050 13487 6803 0 171542 100250 71292 34050 13487 6803 54340 16952 true Financial Assistance as Reduction in Tuition 217 1674412 Amount of Tuition Reduction in Tuition Financial Aid for Students 94 732517 Cash Tuition Discounts 202 488265 Amount of Tuition Tuition Discount Part I, Line 2 Financial aid is need based. Each applicant fills out a standard form annually awards are decided annually by a committee of the board. X false false false false false false false true false Drew Frank Principal/Associate Head of Sc 211580 0 10000 0 0 0 10227 0 9881 0 241688 0 0 0 Micah Lapidus School Rabbi/Director of Jewis 135435 0 877 0 28668 0 6964 0 194 0 172138 0 0 0 Elisa Prager Director of Institutional Adva 155778 0 7500 0 0 0 7895 0 8911 0 180084 0 0 0 Amy Shafron Head of School 375719 0 36000 0 0 0 16500 0 21054 0 449273 0 0 0 Kim Rich Chief Financial Officer 187276 0 7500 0 0 0 9691 0 10099 0 214566 0 0 0 Part 1, Line 7 Bonus payments are paid annually based on performance. A City of Sandy Springs Development Authority 261580939 000000000 2013-06-20 10590000 To Refinance the Cost of Acquiring false false false A 7364988 0 10590000 0 0 0 0 0 0 0 0 0 true false true true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true Part I, Column F To refinance the cost of acquiring, constructing, renovating, and installing. Part IV, Line 2c The Rebate Computation date is N/A jill rosenbluth Family Member of Billie Greenberg (Board Member) 57660 COMPENSATION false Form 990, Part VI, Section A, Question 2 Jay Davis and Ann Davis both serve as non-voting trustees for life on The Alfred and Adele Davis Academy, Inc. board and they are married. Dulcy Rosenberg is a non-voting trustee for life of the Academy's board. Michelle Rosenberg is the daughter of Dulcy and serves as a member of the board. Jay Davis is the brother of Dulcy and serves as a non voting trustee for life. Bobbi Perlstein is a board member of the Academy. Josh Perlstein is the son of Bobbi and serves as a member of the board. Form 990, Part VI, Section B, Line 11 The Head of School and CFO review the return in detail prior to filing and a copy of the return is available for all board members to review as requested. Form 990, Part VI, Section B, Line 12C The organization has board members and officers read and sign an acknowledgement that they have read the policies and procedures and that no conflicts exist. Should conflicts arise, the issues are discussed and resolved by an independent committee of the board. Form 990, Part VI, Section B, Line 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, CFO COMPENSATION BY the CEO IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND KEY EMPLOYEE COMPENSATION DETERMINED BY THE CEO AND CFO IN CONSULTATION WITH THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 18 THESE ITEMS ARE MADE AVAILABLE AT THE ORGANIZATION OFFICES UPON REQUEST. Form 990, Part VI, Section C, Line 19 Available upon request. Form 990, Part XII, Line 2C AUDIT COMMITTEE MEETS ANNUALLY WITH AUDITORS, REVIEWS FINANCIAL STATEMENTS, MAKES ANY RECOMMENDATIONS NECESSARY TO BOARD, AND THE BOARD VOTES TO ACCEPT AUDIT AND/OR APPROVES AUDIT COMMITTEE RECOMMENDATIONS.