2025-04-04T20:41:27-05:00 2024-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-07-01 581224983 WHITEFIELD ACADEMY INC % FRAN BANTA WHIT 6783053000 1 WHITEFIELD DRIVE MABLETON GA 30126 KEVIN BRACHER HEAD OF SCHOOL 6783053022 2025-05-15 true true SABRE J LINAHAN P01372980 4048746244 2025-05-15 2023 2025-03-06 01:10:19Z KEVIN BRACHER 1 WHITEFIELD DRIVE MABLETON GA 30126 46036913 false X http://www.whitefieldacademy.com X 1974 GA A CHRIST-CENTERED COLLEGE PREP SCHOOL THAT BOLSTERS CHRISTIAN FAMILIES WITH A PASSION FOR LEARNING. THE SCHOOL REQUIRES ACADEMIC EXCELLENCE BASED IN EVANGELICAL CHRISTIANITY. 16 14 317 141 0 0 7776069 7744881 25917728 28412437 203536 814221 92743 644680 33990076 37616219 3428530 4016200 0 0 13617911 15279425 325980 0 999871 11614356 12346231 28986777 31641856 5003299 5974363 94144541 100957663 26034861 26773104 68109680 74184559 X WHITEFIELD ACADEMY IS A CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL THAT BOLSTERS CHRISTIAN FAMILIES IN REARING YOUNG PEOPLE WHO GO ON TO COLLEGE AND LIFE WITH A PASSION FOR LEARNING, FOR PUTTING OTHERS AHEAD OF SELF, AND FOR THE LIVING AND ACTIVE JESUS. WHITEFIELD ACADEMY OPERATES PRE-KINDERGARTEN THROUGH HIGH SCHOOL WITH TIME-TESTED PRACTICES AND QUALITIES OF A TOP PREP SCHOOL. THE SCHOOL REQUIRES ACADEMIC EXCELLENCE WITHOUT EXCUSE BASED IN EVANGELICAL CHRISTIANITY WITHOUT APOLOGY. THE SCHOOL BUILDS A STRONG SENSE OF COMMUNITY THROUGH RESPONSIBILITY AND INITIATIVE WITHOUT MANIPULATION OR COERCION. false false 24427515 4016200 28412437 THE WHITEFIELD EDUCATIONAL PROGRAM INCLUDES THE TRADITIONAL ACADEMIC DISCIPLINES AS WELL AS RELIGIOUS STUDIES, SPORTS, THEATER, ART, AND COMMUNITY SERVICE. WE ACCEPT STUDENTS FROM ALL CHRISTIAN DENOMINATIONS WHO WISH TO JOIN OTHER CHRISTIAN BELIEVERS IN PROVIDING CHILDREN THE FINEST CHRIST-CENTERED PREPARATORY SCHOOL EDUCATION. ENROLLMENT 966, PK4-12. 24427515 true true false false false false false false false true true false false false false true true false true false true false false false true true false true true true true false false false false false false true false false false true false false false false false false false false true 116 0 317 true false false false false false false false false false false false false X 16 14 false false false false false false false true true false false true true true true true true true false false GA X FRAN BANTA 6783053000 1 WHITEFIELD DRIVE MABLETON GA 30126 X KEVIN BRACHER HEAD OF SCHOOL 50.0 0.0 X 421708 0 50642 BRIAN KENNERLY ASST HEAD OF OPERATIONS 50.0 0.0 X 149574 0 47461 MICHAEL SHAHEEN DIR OF STUDENT LEADERSHIP 50.0 0.0 X 123407 0 61035 HEATHER KARVIS ASSISTANT HEAD OF ACADEMICS 50.0 0.0 X 126324 0 50020 LAUREN RACE DIR OF DEVELOPMENT 50.0 0.0 X 136608 0 35786 MARYELLEN BERRY DIR OF PROFESSIONAL GROWTH 50.0 0.0 X 134339 0 29550 FRANCES BANTA DIR OF FINANCE 50.0 0.0 X 116455 0 31059 CHRISTOPHER HERSCHEND CHAIR 1.0 0.0 X 0 0 0 PETER KANTOR VICE CHAIR 1.0 0.0 X 0 0 0 JEANNE WATSON SECRETARY 1.0 0.0 X 0 0 0 KEVIN BYRNE TREASURER 1.0 0.0 X 0 0 0 AARON MESSNER TRUSTEE 1.0 0.0 X 0 0 0 ALLYSON WATSON TRUSTEE 1.0 0.0 X 0 0 0 ANTONY SANACORY TRUSTEE 1.0 0.0 X 0 0 0 BYRON JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 CHRIS SCOTT TRUSTEE 1.0 0.0 X 0 0 0 ERIKA DAVIES-VENN TRUSTEE 1.0 0.0 X 0 0 0 JOHN BROWNE TRUSTEE 1.0 0.0 X 0 0 0 JOHNATHAN EDWARDS TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH KNIGHT TRUSTEE 1.0 0.0 X 0 0 0 MARY JEAN BROSTRAND TRUSTEE 1.0 0.0 X 0 0 0 PAUL CAHILL TRUSTEE 1.0 0.0 X 0 0 0 RICARDO LOPEZ TRUSTEE 1.0 0.0 X 0 0 0 1208415 0 305553 11 false true false SAGE DINING SERVICES INC 1402 YORK RD LUTHERVILLE MD 21093 FOOD SERVICE 1447131 ELLSWORTH OFFICE CLEANING LLC 2020 HOWELL MILL RD STE D-336 ATLANTA GA 30318 JANITORIAL 927289 THOMPSON VENTULETT STAINBACK AS 1200 PEACHTREE ST NW 200 ATLANTA GA 30309 ARCHITECTURE 388290 TURFWELL ATHLETIC FIELDS 4500 LEE WATERS RD 5 MARIETTA GA 30066 FIELD MAINTENANCE 268980 BRIGHTVIEW LANDSCAPE SERVICES INC PO BOX 740655 ATLANTA GA 30374 LANDSCAPING 247977 11 207895 374800 7162186 435669 7744881 TUITION 26697852 26697852 FEE INCOME 1377620 1377620 AUXILIARY SERVICES 336965 336965 28412437 829611 829611 0 0 17835 12243 5592 0 5592 5592 8000241 0 7896528 119103 103713 -119103 -15390 -15390 783296 207895 244926 538370 538370 16583 2160 14423 14423 232029 145734 86295 86295 0 37616219 28498732 1372606 6500 6500 4009700 4009700 0 0 597637 388464 185267 23906 0 12050527 7832843 3735663 482021 487102 316616 151002 19484 1218177 889269 280181 48727 925982 629668 259275 37039 0 36203 36203 57674 57674 0 0 39334 39334 1424467 1139574 213670 71223 177011 88506 61954 26551 426097 289744 119307 17046 593863 403827 166282 23754 0 2188697 1969827 196983 21887 0 0 0 61215 48972 9794 2449 0 2579739 2321765 232177 25797 46006 36805 7361 1840 ADMISSIONS & PRINCIPALS OFFICE 1192155 596078 417254 178823 FOOD SERVICE 1121071 1121071 ATHLETICS 714992 714992 ACADEMIC SUPPORT 613626 613626 1074081 1009668 45089 19324 31641856 24427515 6214470 999871 X 19629811 18338328 2782167 6811591 12032767 11737395 12762925 13517002 0 0 0 0 0 0 141473 112842 418949 571124 69590594 25261443 43490775 44329151 2818018 5485918 0 0 0 0 0 0 67656 54312 94144541 100957663 945610 1358026 0 0 22639251 23465078 0 1950000 0 0 0 0 2450000 0 0 0 0 0 26034861 26773104 X 47324370 45818414 20785310 28366145 68109680 74184559 94144541 100957663 5974363 254891 -154375 X false true X true false X 2216792 3108703 14331982 7776071 7744881 35178429 0 0 2216792 3108703 14331982 7776071 7744881 35178429 1291315 33887114 212218 58123 60061 204027 847446 1381875 4123 5541 17432 6094 552793 585983 22976 23376 18865 0 0 65217 37211504 120243850 0.91066 0.87316 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2912655 730000 180065 389779 3432941 1459902 1322917 205613 75777 2912655 1822891 -324093 38896 1459902 1531829 418524 127462 1822891 1526464 72829 67464 1531829 0.82040 0.17960 false false 7131535 7131535 52840521 21661033 31179488 2829378 1051098 1778280 3443785 2235025 1208760 3345375 314287 3031088 44329151 0 0 X 36052839 254891 405063 659954 35392885 39334 2184000 2223334 37616219 29977960 559438 559438 29418522 39334 2184000 2223334 31641856 SCHEDULE D, PART V, LINE 4 ENDOWMENTS CONSISTS OF 7 DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR VARIOUS PURPOSES INCLUDING FINANCIAL AID, FACULTY DEVELOPMENT AND SPECIFIC PROGRAMS AND ACTIVITIES OF WHITEFIELD. THE ENDOWMENT ALSO INCLUDES BOARD DESIGNATED ENDOWMENT FUNDS FOR VARIOUS PURPOSES SUCH AS LONG-TERM INVESTMENT AND MAINTENANCE. SCHEDULE D, PART X, LINE 2 THE ACADEMY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE IS SUBJECT TO INCOME TAXES. THE ACADEMY'S UNRELATED BUSINESS INCOME IS NOT SIGNIFICANT. 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 GENERAL, THE ACADEMY IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE TAX YEARS ENDING BEFORE JUNE 30, 2021. SCHEDULE D, PART XI, LINE 2D 12,243 RENTAL EXPENSES 244,926 FUNDRAISING EXPENSES 2,160 GAMING EXPENSES 145,734 COST OF GOODS SOLD ----------- 405,063 TOTAL SCHEDULE D, PART XI, LINE 4B 2,184,000 FINANCIAL AID NETTED WITH REVENUE SCHEDULE D, PART XII, LINE 2D 12,243 RENTAL EXPENSES 244,926 FUNDRAISING EXPENSES 2,160 GAMING EXPENSES 145,734 COST OF GOODS SOLD 154,375 BAD DEBT EXPENSE ----------- 559,438 TOTAL SCHEDULE D, PART XII, LINE 4B 2,184,000 FINANCIAL AID NETTED WITH REVENUE true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN ADMISSIONS MATERIALS, ENROLLMENT CONTRACTS AND ON THE WEBSITE. South America 0 0 Program Services MISSION TRIP 79955 0 0 0 0 79955 79955 false false false false false false AUCTION 991191 207895 783296 30689 58860 134598 600 20179 0 991191 207895 783296 30689 58860 134598 600 20179 244926 538370 16583 2160 false 16583 2160 2160 14423 GA true false false false 1.00000 FRAN BANTA 1 WHITEFIELD DRIVE MABLETON GA 30126 false false true LOVE AND HOPE FOUNDATION 740 MILLER ST LITHIA SPRINGS GA 30122 208671516 501(C)(3) 6500 GENERAL SUPPORT 1 TUITION ASSISTANCE 216 4009700 SCHEDULE I, PART III, LINE 1 GRANTS & OTHER ASSISTANCE: TUITION ASSISTANCE IS GRANTED TO STUDENTS BASED ON CALCULATED NEED. A THIRD-PARTY PROVIDER PROCESSES THE APPLICATIONS AND PROVIDES THE SCHOOL WITH AN ASSESSMENT OF THE FAMILY'S ABILITY TO PAY TUITION. THE SCHOOL EXAMINES TAX RETURNS AND OTHER SUPPLEMENTAL INFORMATION ALONG WITH THE INDEPENDENT ASSESSMENT AND ALLOCATES THE AVAILABLE AID BASED ON THE CALCULATED NEEDS. X true true X X X X X X false true false true false false false true false KEVIN BRACHER HEAD OF SCHOOL 360500 40000 21208 18025 33366 473099 0 BRIAN KENNERLY ASST HEAD OF OPERATIONS 148374 0 1200 7813 40144 197531 0 LAUREN RACE DIR OF DEVELOPMENT 135408 0 1200 7215 29046 172869 0 MARYELLEN BERRY DIR OF PROFESSIONAL GROWTH 128299 5020 1020 7123 22856 164318 0 HEATHER KARVIS ASSISTANT HEAD OF ACADEMICS 123124 0 3200 6120 44258 176702 0 MICHAEL SHAHEEN DIR OF STUDENT LEADERSHIP 91637 8350 23420 5953 55387 184747 0 SCHEDULE J, PART I, LINE 1A TRAVEL IS PROVIDED TO COMPANIONS FOR MISSIONS TRIP. SCHEDULE J, PART I, LINE 4B THE ACADEMY PROVIDES A 403(B) DEFINED CONTRIBUTION PLAN THAT COVERS ALL EMPLOYEES WHO HAVE MET CERTAIN AGE REQUIREMENTS AND WORK AT LEAST 75% OF THE TIME. EMPLOYEES ARE ELIGIBLE TO CONTRIBUTE BETWEEN 1% AND 15% OF THEIR ELIGIBLE COMPENSATION TO THE PLAN IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN. DURING 2024 AND 2023, THE ACADEMY MATCHED A MULTI-TIERED PERCENTAGE OF EMPLOYEE CONTRIBUTIONS TO THE PLAN. THE ACADEMY CONTRIBUTED $464,719 AND $439,553 TO THE PLAN FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. THE ACADEMY ESTABLISHED 457(F) DEFERRED COMPENSATION PLAN UNDER INTERNAL REVENUE CODE SECTION 457 WHICH PROVIDES TAX DEFERRED COMPENSATION ON RETIREMENT SAVINGS IN ADDITION TO THE 403(B) PLAN. THE 457(F) PLAN PROVIDES FOR PRE-TAX CONTRIBUTIONS ON BEHALF OF KEY EXECUTIVES AS A RETIREMENT BENEFIT. DURING THE YEAR ENDED JUNE 30, 2024, THE ACADEMY CONTRIBUTED $47,360 TO THE 457(F) PLAN. SCHEDULE J, PART I, LINE 5A THE BONUS PAID TO THE HEAD OF SCHOOL IS BASED ON PERFORMANCE AGAINST CERTAIN BOARD-APPROVED OBJECTIVES, INCLUDING STUDENT PERFORMANCE AND ENROLLMENT. SCHEDULE J, PART I, LINE 7 THE BONUS PAYMENT FOR THE FISCAL YEAR 2024 TO THE HEAD OF SCHOOL WAS $40,000 BASED ON PERFORMANCE. ALL OTHER BONUS PAYMENTS FOR THE FISCAL YEAR 2024 TO OTHER EMPLOYEES LISTED ON PART VII ARE FOR RETENTION. SCHEDULE J, PART II, COLUMN (D) NONTAXABLE BENEFITS INCLUDES TUITION ASSISTANCE. A DOWNTOWN SMYRNA DEVELOPMENT AUTHORITY 521653575 2019-08-20 11450000 FINANCE CONSTRUCTION OF EDUCATIONA false false false A 7000000 0 4450000 1500000 0 0 0 0 0 2450000 0 0 2020 true false false true A false false false false 0 true false false true A false true false false false false 0 false 0 false false A false SCHEDULE K, PART I, LINE A IN AUGUST 2019, THE ACADEMY ENTERED INTO A CONSTRUCTION NOTE PAYABLE ARRANGEMENT WHICH CONSISTS OF TWO TAX-EXEMPT BOND ISSUES REFERRED TO AS, SERIES 2019-A AND SERIES 2019-B. THE TWO SERIES ARE THE DOWNTOWN SMYRNA DEVELOPMENT AUTHORITY REVENUE BOND (WHITEFIELD ACADEMY, INC. PROJECT), SERIES 2019-A (THE "SERIES 2019-A BOND") IN THE PRINCIPAL FACE AMOUNT OF UP TO $7,000,000 TO FUND CAPITAL IMPROVEMENTS AND THE DOWNTOWN SMYRNA DEVELOPMENT AUTHORITY REVENUE BOND (WHITEFIELD ACADEMY, INC. PROJECT), SERIES 2019-B, IN THE PRINCIPAL FACE AMOUNT OF $4,450,000 (THE "SERIES 2019-B BOND") TO CURRENT REFUND A PRIOR OBLIGATION OF WHITEFIELD ACADEMY. SCHEDULE K, PART II, LINES 1, 3, 4 & 10 THE SERIES 2019-A BONDS WERE A TAX-EXEMPT BOND FACILITY WHICH ALLOWED FOR MAXIMUM BORROWINGS OF $7,000,000. THESE PROCEEDS WERE USED FOR THE CONSTRUCTION OF THE LOWER SCHOOL BUILDING AND OTHER CAPITAL PROJECTS. THE SERIES 2019-A BONDS HAD A DRAW DOWN PERIOD OF 24 MONTHS IN WHICH INTEREST-ONLY PAYMENTS WERE DUE. UPON CONCLUSION OF THE DRAW DOWN PERIOD THE SERIES 2019-A BONDS REQUIRED QUARTERLY PRINCIPAL PAYMENTS AMORTIZED BASED ON THE OUTSTANDING DEBT AT THE END OF THE DRAW DOWN PERIOD THROUGH JUNE 2029. THE SERIES 2019-A BONDS BORE INTEREST AT A RATE OF 2.50%. DURING 2022, THE SERIES 2019-A BONDS WERE PAID IN FULL. THE SERIES 2019-B BONDS PROCEEDS WERE USED TO REFINANCE BORROWINGS UNDER A PREVIOUSLY EXISTING FINANCING ARRANGEMENT AND BEAR INTEREST AT 2.50%, WHICH IS PAYABLE MONTHLY, AND REQUIRES ANNUAL PRINCIPAL PAYMENTS TOTALING $500,000 THROUGH JUNE 2028. OUTSTANDING BORROWING UNDER THE SERIES 2019-B BONDS WERE $1,950,000 AS OF JUNE 30, 2024. THE ACADEMY WAS OBLIGATED TO MEET CERTAIN RESTRICTIVE FINANCIAL COVENANTS UNDER THE TERMS OF THESE AGREEMENTS INCLUDING DEBT SERVICE COVERAGE RATIO AND MAINTENANCE OF A LIQUIDITY RESERVE OF $1,500,000. AT JUNE 30, 2024, THE ACADEMY WAS IN COMPLIANCE WITH ALL FINANCIAL COVENANTS. SCHEDULE K, PART IV, LINE 7 THE PROCEEDS OF THE SERIES 2019-B BOND WERE SPENT IN FULL ON THE DATE OF ISSUANCE OF THE SERIES 2019-A BOND FOR THE CURRENT REFUNDING OF AN OBLIGATION OF WHITEFIELD ACADEMY, WHICH QUALIFIES FOR AN EXCEPTION TO REBATE. THE PROCEEDS OF THE SERIES 2019-A BOND ARE ONLY DRAWN AS NEEDED AND IMMEDIATELY EXPENDED OR USED TO REIMBURSE WHITFIELD ACADEMY FOR EXPENDITURES ON THE FINANCED PROJECT, SO THERE ARE NO INTEREST EARNINGS ON THE PROCEEDS OF THE SERIES 2019-A BOND. AS OF JUNE 30, 2022, THE SERIES 2019 BONDS WERE PAID IN FULL. NO DRAWS WERE PERMITTED AFTER AUGUST 1, 2021. TRUSTEE TRUSTEE ON BOARD 151600 TUITION ASSISTANCE X 17 435669 FMV false true true SCHEDULE M, PART I, COLUMN (B) THE AMOUNT IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M, PART I, LINE 32B WHEN STOCK CONTRIBUTIONS ARE RECEIVED BY THE SCHOOL, CHARLES SCHWAB IMMEDIATELY SELLS THE STOCK. FORM 990, PART VI, SECTION A, LINE 9 ALL TRUSTEES, DIRECTORS AND KEY EMPLOYEES CAN BE CONTACTED THROUGH THE ORGANIZATION'S ADDRESS AS STATED ON THE FIRST PAGE OF FORM 990. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE REVIEWED AND APPROVED THE 990. THE FINAL VERSION WAS DISTRIBUTED BY EMAIL IN PDF FORMAT TO THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS MONITORED BY THE GOVERNING BOARD ANNUALLY. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. ALL CONFLICTS ARE DISCUSSED BY THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 15A HEAD OF SCHOOL COMPENSATION WHEN INITIALLY HIRED IN 2013 WAS BASED ON REASONABLENESS WITH OTHER ORGANIZATIONS THROUGH THE REVIEW OF 990S. CURRENT HEAD OF SCHOOL COMPENSATION IS REVIEWED ANNUALLY BY A BOARD COMPENSATION COMMITTEE WHICH INCLUDES CONSULTING BOTH INDEPENDENT PERSONS AND COMPARABLE DATA ALONG WITH CONTEMPORANEOUS DELIBERATION BY COMPENSATION COMMITTEE WHICH MADE THE FINAL COMPENSATION DECISION. FORM 990, PART VI, SECTION B, LINE 15B BOARD OFFICERS ARE NOT COMPENSATED. COMPENSATION FOR KEY EMPLOYEES OTHER THAN THE HEAD OF SCHOOL WAS INITIALLY SET BASED ON COMPARABLE MARKET STATISTICS AND IS EVALUATED ANNUALLY BY THE HEAD OF SCHOOL RELATIVE TO COMPARABLE ORGANIZATIONS AND POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, POLICIES OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE 990 AND 1023 IS AVAILABLE UPON REQUEST.