2024-01-22T14:06:22-06:00 2022-06-30 314419361 JOHN GERLACH & COMPANY LLP 37 W BROAD ST STE 800 COLUMBUS OH 43215 990 2021-07-01 314379445 THE COLUMBUS ACADEMY COLU 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 2022-12-15 MARGARET KOERNER 999009999 KATHY M MOSELEY P00116760 6142242164 2023-12-19 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X MELISSA SODERBERG 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 59716684 0 X WWW.COLUMBUSACADEMY.ORG X 1911 OH SEE SCHEDULE O 22 22 492 852 380 0 5039269 4692653 30824029 33159939 2910729 3886744 310422 315962 39084449 42055298 5695795 3708386 0 0 22704696 24406929 0 0 628742 11560080 12579151 39960571 40694466 -876122 1360832 107517374 96489840 26394597 24068922 81122777 72420918 X SEE SCHEDULE O 0 0 32171438 3708386 32409491 COLLEGE PREPARATORY INSTRUCTION OF STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE. TOTAL ENROLLMENT IS 1,168 OF WHICH 502 ARE MINTORITIES. 292 STUDENTS RECEIVE TUITION ASSISTANCE BASED ON NEED. 881320 837092 SUMMER EXPERIENCE PROGRAM (JUNE,JULY, AUGUST). 1,099 ATTENDED COURSES 33052758 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 118 0 1 492 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL MD MA NH OH WA CO X MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 432300745 MS SANDY DOYLE-AHERN PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MR BILL PORTER VICE PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MS SUSAN S WILLIAMS PHD SECRETARY/TRUSTEE 10.00 X X 0 0 0 MS CHRISTINE FREYTAG TREASURER/TRUSTEE 10.00 X X 0 0 0 MR JONATHAN KASS IMMEDIATE PAST PRESIDENT 6.00 X 0 0 0 MR KEVIN BARNEY TRUSTEE 6.00 X 0 0 0 MS TANISHA LYON BROWN TRUSTEE 6.00 X 0 0 0 MR TED CARLIN TRUSTEE 6.00 X 0 0 0 MS BETH FISHER TRUSTEE 6.00 X 0 0 0 MS RONDA GAISER TRUSTEE 6.00 X 0 0 0 MR SCOTT GURWIN TRUSTEE 6.00 X 0 0 0 MR CHING-CHU HU TRUSTEE 6.00 X 0 0 0 MS KAREN JENNINGS TRUSTEE 6.00 X 0 0 0 MR RAMON JONES TRUSTEE 6.00 X 0 0 0 MR PAUL JUDGE TRUSTEE 6.00 X 0 0 0 MR KEVIN MALHAME TRUSTEE 6.00 X 0 0 0 MS JENNIFER NESTER PACA REPRESENTATIVE (NON-V 6.00 X 0 0 0 MS JESSICA CHI NIMJEE TRUSTEE 6.00 X 0 0 0 MR NILES OVERLY TRUSTEE 6.00 X 0 0 0 MS JENNIFER SALOPEK TRUSTEE 6.00 X 0 0 0 DR PANKAJ TIWARI TRUSTEE 6.00 X 0 0 0 MR MATTHEW ZEIGER TRUSTEE 6.00 X 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 40.00 X 210525 0 39540 MS MELISSA SODERBERG HEAD OF SCHOOL 40.00 X 500761 0 41822 MR ERICH HUNKER ASST HEAD OF SCHOOL FOR DEVELOPMENT/EXT RELATIONS 40.00 X 193086 0 41109 MR MARK HANSEN LOWER SCHOOL HEAD 40.00 X 162686 0 48595 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 40.00 X 152786 0 64515 MR JOHN WUORINEN DIRECTOR OF ADMIN & TUITION ASSISTANCE 40.00 X 150473 0 30563 MR DAN OLEXIO ASST HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 40.00 X 144119 0 12083 1514436 0 278227 17 0 1 0 SAGE DINING SERVICES 1402 YORK RD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 1233851 OHIO CUSTODIAL MANAGEMENT PO BOX 78000 DETROIT MI 48278 HOUSEKEEPING 517085 OHIO EQUITIES MANAGEMENT 605 SOUTH FRONT STREET STE 200 COLUMBUS OH 43215 MAINTENANCE SERVICES 440370 COGNITIVE MARKETING 1130 HIGHLAND AVE ROCHESTER NY 14620 WEB DESIGN/MAINTENANCE 323922 OHIO SUPPORT SERVICES PO BOX 7800 DETROIT MI 48278 SECURITY 323019 10 28500 1568170 3095983 233367 4692653 TUITION & FEES 611600 32095923 32095923 SUMMER SCHOOL & DAY CAMP 611600 837092 837092 CARE AFTER SCHOOL, TUTORING & SPR 611600 194918 194918 ATHLETIC EVENTS 611600 32006 32006 33159939 2163766 2163766 42 42 89909 0 89909 89909 89909 19259883 11388 17539632 8661 1720251 2727 1722978 1722978 1980 28500 11065 -9085 -9085 93126 102028 -8902 -8902 OTHER INCOME 611600 153715 153715 MISC SCHOOL-RELATED SALES 611600 78446 78446 FORFEITED ENROLLMENT DEPOSITS 611600 17100 17100 -5263 380 -5643 243998 42055298 33246583 380 4115682 3708386 3708386 814162 814162 17094254 13327509 3421344 345401 1055349 879543 149043 26763 4164245 3760049 367196 37000 1278919 980584 274830 23505 74252 74252 377274 377274 67413 67413 427833 220003 176030 31800 319878 6859 313019 2313435 2026851 227100 59484 681746 661164 20582 2175727 2175727 239103 188816 16781 33506 354254 337005 17249 411237 411237 2804269 2254633 493551 56085 57834 57834 UNRELATED BUSINESS INCO 350 350 CONTRACTED SERVICES 1604731 1604731 SCHOOL EQUIPMENT R&M 295610 295610 MISCELLANEOUS EXPENSES 167155 14161 152994 207050 67454 124398 15198 40694466 33052758 7012966 628742 2451767 2307197 6190844 9813384 2087802 1396728 704396 87939 100000 165000 1145077 1071103 80871317 38284106 44261540 42587211 47224625 38720118 3351323 252283 0 88877 107517374 96489840 5243661 4897646 4243305 4427274 15973914 14621343 933717 122659 26394597 24068922 X 36789077 36317388 44333700 36103530 81122777 72420918 107517374 96489840 X 1360832 -11208486 1145795 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51360693 978702 -7490610 1533925 930749 67413 42316698 41435105 317695 12195899 1515512 1009669 62825 51360693 43427088 507660 -486248 1199478 755530 58387 41435105 43293838 174759 1961634 1154500 790646 57997 43427088 41722502 116630 3373080 1108564 752557 57253 43293838 0.17530 0.63591 0.18879 0 0 2155551 2155551 69915125 32131612 37783513 8482625 6152494 2330131 318016 318016 42587211 CUSTODIAN DEPOSITS 71316 OBLIGATION UNDER CAPITAL LEASE 51343 122659 X 25007107 -11208486 130290 -11078196 36085303 67413 5902582 5969995 42055298 34998908 194518 194518 34804390 67413 5822663 5890076 40694466 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR FACULTY AND STAFF SALARIES, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, ATHLETICS, STUDENT NEWSPAPER, AND COMMENCEMENT AWARDS. PART X, LINE 2: THE ACADEMY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 73,402. CONCESSIONS ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 28,626. FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 10,990. RECOVERY OF PRIOR YEAR UNCOLLECTIBLE RECEIVABLES 17,272. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT TUITION ASSISTANCE, REPORTED ON PART IX, LINE 2 3,708,386. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 2,114,277. PASS-THROUGH INCOME ADJUSTMENT FOR TAX RETURN 79,919. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 73,402. CONCESSIONS ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 28,626. FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 10,990. LOSS ON UNCOLLECTIBLE PLEDGES 81,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT TUITION ASSISTANCE, REPORTED ON PART IX, LINE 2 3,708,386. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 2,114,277. PART VI, LINE 1E, COLUMN (B) - OTHER: THE AMOUNT LISTED REPRESENTS ASSETS HELD AS CONSTRUCTION IN PROCESS AT THE END OF THE YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT AFFIRMING ITS NONDISCRIMINATORY POLICY WAS PLACED IN ALL ADVERTISEMENTS, BROCHURES, NEWSPAPER ARTICLES, AND OTHER TYPES OF MEDIA MENTIONING THE SCHOOL. SCHEDULE E, PART I, LINE 6 THE COLUMBUS ACADEMY RECEIVES REIMBURSEMENT FROM THE STATE OF OHIO FOR EXPENSES INCURRED BY THE SCHOOL'S EMPLOYEES IN THE COMPLETION OF CLERICAL AND ADMINISTRATIVE DUTIES REQUIRED BY FEDERAL, STATE OR LOCAL LAWS. IN ADDITION, THE SCHOOL RECEIVES COST REIMBURSEMENT AND SUPPORT FOR TEXTBOOKS, HEALTH AND DIAGNOSTIC SERVICES, AND GUIDANCE AND COUNSELING. THE SCHOOL ALSO RECEIVED REIMBURSEMENT FROM THE STATE OF OHIO'S EMERGENCY ASSISTANCE FOR NON-PUBLIC SCHOOLS (EANS) PROGRAM FOR EXPENDITURES RELATED TO ADDRESSING COVID-19. GOLF OUTING 30480 28500 1980 75 2268 8073 649 30480 28500 1980 75 2268 8073 649 11065 -9085 1 TUITION ASSISTANCE 292 3708386 N/A N/A PART III: COLUMBUS ACADEMY SELECTS INDIVIDUALS USING NEED-BASED CRITERIA. THE POTENTIAL RECIPIENT'S FAMILY SUBMITS A PACKET OF TUITION ASSISTANCE INFORMATION, INCLUDING PERSONAL INCOME TAX RETURNS. ONE COPY OF THE TUITION ASSISTANCE INFORMATION IS FORWARDED TO AN INDEPENDENT AGENCY TO EVALUATE THE LEVEL OF NEED. ANOTHER COPY OF THE TUITION ASSISTANCE INFORMATION IS EVALUATED BY THE COMMITTEE TO DETERMINE THE ELIGIBILITY FOR TUITION ASSISTANCE BASED ON THE POTENTIAL RECIPIENT'S NEED. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 210525 0 0 0 0 0 21955 0 17585 0 250065 0 0 0 MS MELISSA SODERBERG HEAD OF SCHOOL 403301 0 0 0 97460 0 20678 0 21144 0 542583 0 0 0 MR ERICH HUNKER ASST HEAD OF SCHOOL FOR DEVELOPMENT/ 193086 0 0 0 0 0 19965 0 21144 0 234195 0 0 0 MR MARK HANSEN LOWER SCHOOL HEAD 162686 0 0 0 0 0 8577 0 40018 0 211281 0 0 0 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 152786 0 0 0 0 0 11155 0 53360 0 217301 0 0 0 MR JOHN WUORINEN DIRECTOR OF ADMIN & TUITION ASSISTAN 150473 0 0 0 0 0 15680 0 14883 0 181036 0 0 0 MR DAN OLEXIO ASST HEAD OF SCHOOL FOR ACADEMIC AFF 144119 0 0 0 0 0 10161 0 1922 0 156202 0 0 0 PART I, LINE 1A THE COLUMBUS ACADEMY HAS A LOAN AGREEMENT WITH ITS HEAD OF SCHOOL, REFLECTED IN SCHEDULE L, PART II. THIS AGREEMENT PROVIDES FOR THE FORGIVENESS OF THE ANNUAL PRINCIPAL AND INTEREST PAYMENTS, MADE THROUGH INCLUSION IN HER COMPENSATION. FURTHER, THE AGREEMENT ALLOWS FOR A GROSS-UP PAYMENT FOR PAYROLL TAXES AS A RESULT OF THIS INCLUSION, FURTHER REFLECTED IN HER W-2 COMPENSATION. THE TOTAL AMOUNTS FOR THE FORGIVENESS AND GROSS-UP PAYMENT ARE REFLECTED IN SCH. J, PART II, COLUMN B(III). THE COLUMBUS ACADEMY PAYS FOR A SOCIAL CLUB MEMBERSHIP FOR ITS HEAD OF SCHOOL SO THAT SHE IS ABLE TO PERFORM REQUISITE VOLUNTEER AND DONOR ENTERTAINING APPROPRIATE FOR HER LEADERSHIP ROLE TO ADVANCE THE INSTITUTION. EXPENSES SHE INCURS FOR THE PERSONAL USE OF HER MEMBERSHIP ARE INCLUDED IN HER TAXABLE COMPENSATION, REFLECTED IN SCH. J, PART II, COLUMN B(III). PART I, LINE 4B THE COLUMBUS ACADEMY OBTAINED A SPLIT DOLLAR INSURANCE POLICY FOR THE HEAD OF SCHOOL AT 06/30/22 TOTALING $65,000 FOR THIS YEAR. A CITY OF GAHANNA OHIO 316400492 000000000 2019-03-01 19000000 SEE PART VI 0 0 0 A 3979371 18676089 144119 10231970 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 PNC BANK NATIONAL ASSOCIATION 7.000000000000 0 0 0 0 1 A 1 PART I, LINE A, COLUMN (F): FINANCE (1) THE ACQUISITION, CONSTRUCTION, RENOVATION, AND EQUIPPING OF THE ACADEMY'S ATHLETIC EXPANSION PROJECTS WHICH INCLUDE A NEW FIELDHOUSE, WEIGHT ROOM, TRAINING ROOM, AND MAINTENANCE BUILDING, AS WELL AS ROAD IMPROVEMENTS AT THE CAMPUS LOCATED ON THE REAL PROPERTY LOCATED AT 4300 CHERRY BOTTOM ROAD, GAHANNA, OHIO, AND (2) CERTAIN COSTS AND EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019 BONDS. PART II, LINE 3, COLUMN (A): THE SERIES 2019 BONDS ARE DRAW DOWN BONDS WITH A TOTAL AGGREGATE PERMISSIBLE DRAW OF $19,000,000. THE CORPORATION HAS COMPLETED DRAWING ON THE BONDS WITH A TOTAL AMOUNT OF $18,676,089 DRAWN AS OF JUNE 30, 2020. PART IV, LINE 2.C, COLUMN (A): THE 2019 BONDS ARE DRAW DOWN BONDS. THE CORPORATION ONLY DRAWS UPON THE BONDS WHEN IT HAD REIMBURSABLE EXPENSES AND USED SUCH DRAWS TO EITHER IMMEDIATELY PAY SUCH EXPENSES OR TO REIMBURSE ITSELF FOR SUCH EXPENSES. BECAUSE OF THIS THERE ARE NO INVESTMENT EARNINGS ON THE SERIES 2019 BONDS AND THEREFORE NO NEED FOR REBATE. MS MELISSA SODERBERG HEAD OF SCHOOL TO COVER EDUCATIONAL COSTS. X 250000 50000 0 1 1 MS MELISSA SODERBERG HEAD OF SCHOOL TO COVER EDUCATIONAL COSTS. X 50000 50000 0 1 1 MS MELISSA SODERBERG HEAD OF SCHOOL FUND SPLIT-DOLLAR LIFE INSURANCE PREMIUMS FOR SUPPLEMENTAL LIFE INSURANCE X 65000 65000 0 1 1 165000 X 19 233367 STOCK EXCHANGE 0 1 0 FORM 990, PART I, LINE 1: THE COLUMBUS ACADEMY ASPIRES TO BE AN INCLUSIVE COMMUNITY WHERE ALL DIFFERENCES CONSISTENT WITH THE MISSION OF THE SCHOOL ARE VALUED, RESPECTED AND INTEGRATED INTO THE EDUCATION PROCESS. FORM 990, PAGE 1, LINE B: THE COLUMBUS ACADEMY IS AMENDING ITS FORM 990 FOR THE FOLLOWING REASONS: FORM 990, PART VIII, LINES 1F, 8A AND 8C HAVE BEEN CHANGED TO REFLECT THE CORRECT AMOUNT OF GROSS INCOME FROM FUNDRAISING EVENTS. SCHEDULE G, PART II, LINE 1, 3 AND 11 WERE ALSO REVISED TO REFLECT THE CORRECTED AMOUNT. THE GROSS RECEIPTS WERE OVERSTATED ON THE ORIGINALLY FILED RETURN WHICH UNDERSTATED CONTRIBUTIONS ON PART VIII, LINE 1F. FORM 990, PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B(I) WAS CHANGED TO REFLECT THE CORRECT AMOUNT OF BASE COMPENSATION FOR MS. CORINNA IZOKAITIS. FORM 990, PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C WAS CHANGED TO REFLECT THE CORRECT AMOUNT OF DEFERRED COMPENSATION FOR MS. MELISSA SODERBERG. FORM 990, PART III, LINE 1: THE COLUMBUS ACADEMY - AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL - ENRICHES ITS ACADEMIC TRADITION OF EXCELLENCE BY VALUING A BROAD DIVERSITY OF STUDENTS AS IT SEEKS TO DEVELOP THE COMPLETE PERSON: MIND, BODY AND CHARACTER. THE SCHOOL REWARDS RIGOROUS EFFORT AND ACCOMPLISHMENT, FOSTERS COMPASSION, RESPECT AND MORAL COURAGE, AND INSISTS ON INTEGRITY, FAIR PLAY AND COMMUNITY SERVICE. THE ACADEMY STRIVES TO DEVELOP AND SUSTAIN A COMMUNITY OF THOUGHTFUL, RESPONSIBLE, CAPABLE AND CONFIDENT CITIZENS EAGER TO ENGAGE IN A PLURALISTIC AND EVER-CHANGING WORLD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IT IS THEN E-MAILED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL, AND FORMALLY ACCEPTED BY THE FULL BOARD OF TRUSTEES AT ITS NEXT MEETING, PRIOR TO THE FORM'S SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING OF EVERY NEW FISCAL YEAR, TRUSTEES AND OFFICERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST AND ETHICS POLICY. THEY ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT DISCLOSES ANY CONFLICTS OF INTEREST, AND SUBMIT THIS SIGNED FORM TO THE ADMINISTRATION. THE ADMINISTRATION FOLLOWS UP WITH TRUSTEES TO ENSURE THAT ALL BOARD MEMBERS SUBMIT THIS SIGNED FORM TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF HEAD OF SCHOOL COMPENSATION BY THE BOARD IS BASED UPON THE BOARD'S DETERMINATION OF THE HEAD OF SCHOOL'S PERFORMANCE AS MEASURED AGAINST THE ACADEMY'S MISSION STATEMENT AND STRATEGIC PLAN, AS WELL AS HER SATISFACTION OF PRIOR PERFORMANCE GOALS ESTABLISHED AND APPROVED BY THE BOARD'S NOMINATING AND GOVERNANCE COMMITTEE OR SUCH SUCCESSOR COMMITTEE, CONSIDERATION OF COMPENSATION PRACTICES OF OTHER INDEPENDENT SCHOOLS, AND SUCH OTHER FACTORS DEEMED REASONABLE AND APPROPRIATE BY THE BOARD. COMPENSATION OF OTHER KEY EMPLOYEES OR OFFICERS IS BASED UPON PERFORMANCE AND COMPARATIVE INFORMATION FROM OTHER INDEPENDENT SCHOOLS AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PASS-THROUGH INCOME ADJUSTMENT FOR TAX RETURN -79,919. FASB 158 ADJUSTMENT 1,289,942. LOSS ON UNCOLLECTIBLE PLEDGES -81,500. RECOVERY OF PRIOR YEAR BAD DEBT 17,272. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE AND AUDIT COMMITTEE THAT OVERSEES THE AUDIT. FURTHER, THIS COMMITTEE INTERVIEWS CANDIDATES FOR THE AUDIT FIRM AND MAKES A RECOMMENDATION BASED ON THIS PROCESS TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES PASSES A RESOLUTION SELECTING THE EXTERNAL AUDITORS. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.