2025-05-01T07:14:24-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 1600 ATLANTA GA 30309 990 2023-07-01 580619038 THE LOVETT SCHOOL INC LOVE 4042623032 4075 PACES FERRY ROAD NW ATLANTA GA 303273099 MEREDYTH M COLE CEO & HEAD OF SCHOOL 4042623032 2025-04-28 1 1 MELANIE MCPEAK P01346034 4042090954 2023 2025-03-06 01:10:19Z MEREDYTH M COLE 4075 PACES FERRY ROAD NW ATLANTA GA 303273099 136366767 0 X WWW.LOVETT.ORG X 1926 GA THE LOVETT SCHOOL IS A K-12 SCHOOL FOR FAMILIES WHO VALUE THE BALANCED EDUCATION OF THE WHOLE CHILD. 29 27 759 1500 -50907 0 7469850 54689161 57792074 59203114 3263188 7492634 88462 873970 68613574 122258879 4830670 5203816 0 0 41451436 44329581 135275 135275 3449998 21863478 22278571 68280859 71947243 332715 50311636 250194070 308477167 42036365 40666651 208157705 267810516 X THE LOVETT SCHOOL IS A COMMUNITY OF BELONGING THAT DEVELOPS STUDENTS OF HONOR, FAITH, AND WISDOM WITH THE CHARACTER AND INTELLECT TO THRIVE IN LEARNING AND LIFE. 0 0 53765704 5203816 57395345 THE LOVETT SCHOOL WAS FOUNDED IN 1926 BY EVA EDWARDS LOVETT AND RETAINS HER EMPHASIS ON THE DEVELOPMENT OF THE WHOLE CHILD. LOVETT BELIEVES THAT IT IS THE SCHOOL'S RESPONSIBILITY TO DEVELOP THE FUNDAMENTAL SKILLS, A LOVE OF LEARNING, AND THE APPLICATION OF GOOD JUDGEMENT TO WHAT IS LEARNED. DISTINCTIVE FEATURES OF THE CURRICULUM INCLUDE EXPERIENTIAL EDUCATION AND INTERDISCIPLINARY STUDIES. COMPREHENSIVE FINE ARTS PROGRAMS ARE OFFERED IN EACH SCHOOL DIVISION AND A FULL ATHLETIC PROGRAM PROVIDES EACH STUDENT AN OPPORTUNITY TO EXPERIENCE THE VALUE OF TEAM EFFORT AND SPORTSMANSHIP. STUDENTS PARTICIPATE IN A VARIETY OF COMMUNITY SERVICE ACTIVITIES, AND NONDENOMINATIONAL CHAPEL SERVICES ARE HELD WEEKLY IN ALL SCHOOL DIVISIONS. LOVETT SEEKS STUDENTS FROM ALL ETHNIC, CULTURAL, RACIAL, AND RELIGIOUS BACKGROUNDS WHO CAN BENEFIT FROM A CHALLENGING ACADEMIC PROGRAM. THE STUDENT BODY IS APPROXIMATELY 1,630. 5299119 2622019 LOVETT OFFERS AFTER-SCHOOL ACTIVITIES, SUMMER ACADEMIC COURSES, SUMMER CAMPS, AND OTHER ENRICHMENT OPPORTUNITIES TO STUDENTS WHICH FURTHER BENEFIT THE STUDENT BODY AND OTHER PERSONS WITHIN AND OUTSIDE THE LOVETT COMMUNITY. LOVETT'S SIEMPRE VERDE IS A PROTECTED PRESERVE OF CLOUD FOREST PROPERTY IN ECUADOR OWNED AND SUPPORTED BY LOVETT TO PROMOTE ENVIRONMENTAL AND CONSERVATION EDUCATION. THE EDUCATIONAL INSTITUTION OFFERS STUDENTS, AND OTHER PERSONS BOTH WITHIN THE LOVETT COMMUNITY, AS WELL AS OUTSIDE THE LOVETT COMMUNITY, AN OPPORTUNITY TO LEARN ABOUT ENVIRONMENTAL PROTECTION, PRESERVATION, AND CONSERVATION METHODS THROUGH RESEARCH AND THE EXCHANGE OF IDEAS. 59064823 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 96 0 1 759 1 1 1 1 EC 0 0 0 1 1 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X JOHN MONGELLI CFO 4042623032 4075 PACES FERRY ROAD NW ATLANTA GA 303273099 JOHN O KNOX JR CHAIR 0.50 X X 0 0 0 FRANK H BRIGGS III VICE CHAIR 0.50 X X 0 0 0 MEGAN APPLE STEPHENSON SECRETARY 0.50 X X 0 0 0 JOHN C STATON III TREASURER 0.50 X X 0 0 0 DAVID B ALLMAN TRUSTEE 0.50 X 0 0 0 YETTY LEVENSON ARP TRUSTEE 0.50 X 0 0 0 KATHERINE R BOUDREAU TRUSTEE 0.50 X 0 0 0 GARRY L CAPERS JR TRUSTEE 0.50 X 0 0 0 HAROLD M COHEN TRUSTEE 0.50 X 0 0 0 AIMEE CONNOLLY TRUSTEE 0.50 X 0 0 0 MALON COURTS TRUSTEE 0.50 X 0 0 0 SYLVIA LOONEY DICK TRUSTEE 0.50 X 0 0 0 ELISE BLITCH DRAKE TRUSTEE 0.50 X 0 0 0 MICHAEL S HARDEE MD TRUSTEE 0.50 X 0 0 0 JUSTIN P JONES TRUSTEE 0.50 X 0 0 0 MARK KAUFFMAN TRUSTEE 0.50 X 0 0 0 AMY ROLLINS KREISLER TRUSTEE 0.50 X 0 0 0 NIKUNJ R LAKHA TRUSTEE 0.50 X 0 0 0 DON M LEEBERN III TRUSTEE 0.50 X 0 0 0 ALISON E LEWIS TRUSTEE 0.50 X 0 0 0 ANNE HELMS MARINO TRUSTEE 0.50 X 0 0 0 EILEEN KEOUGH MILLARD TRUSTEE 0.50 X 0 0 0 JAMES T MILLS JR TRUSTEE 0.50 X 0 0 0 WADE W MITCHELL TRUSTEE 0.50 X 0 0 0 C VAUGHN NALLEY IV TRUSTEE 0.50 X 0 0 0 DAVID W RICE PHD TRUSTEE 0.50 X 0 0 0 PETER E THOMAS PHD TRUSTEE 0.50 X 0 0 0 MICHAEL WOOCHER TRUSTEE 0.50 X 0 0 0 LEONARD W WOOD JR TRUSTEE 0.50 X 0 0 0 SPENCE PRYOR EX-OFFICIO 0.50 X 0 0 0 RUSSELL M RICHARDS EX-OFFICIO 0.50 X 0 0 0 MEREDYTH COLE CEO/HEAD OF SCHOOL 40.00 X 580727 0 151438 JOHN MONGELLI CFO 40.00 X 304491 0 41782 CHELLE WABREK ASST HEAD OF SCHOOL 40.00 X 222649 0 39076 PATRICK BOSWELL HEAD OF UPPER SCHOOL 40.00 X 161944 0 20200 MATT GOULD CHIEF DEVELOPMENT OFFICER 40.00 X 263771 0 20506 TOMMY WELCH HEAD OF CULTURE AND COMMUNITY 40.00 X 216516 0 30518 CHORLANA FRANCIS CHRO 40.00 X 208824 0 24667 P GRAY KELLY COO 40.00 X 205149 0 17965 STEVEN ALLEN HEAD CHAPLAIN 40.00 X 180067 0 41209 2344138 0 387361 42 0 1 0 BRASFIELD AND GORRIE 3021 7TH AVENUE SOUTH BIRMINGHAM AL 35233 GENERAL CONTRACTOR 5278781 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 DINING SERVICES 2483765 CLEANSTAR 540 COLLINS RD MARIETTA GA 30066 JANITORIAL 1600967 WINTER CONSTRUCTION COMPANY 5616 PEACHTREE RD SUITE 100 ATLANTA GA 30341 GENERAL CONTRACTOR 549586 COOPER CARRY 191 PEACHTREE ST 2400 ATLANTA GA 30303 ARCHITECTS 458595 20 161321 346561 54181279 350004 54689161 TUITION 611110 54414085 54414085 SUMMER/AFTER SCHOOL PROG 611110 2278549 2278549 FEES 611110 2167010 2167010 ATHLETICS 611110 152433 152433 191037 191037 59203114 5462638 -50907 5513545 127400 80901 46499 46499 46499 14211572 22550 12187176 16950 2024396 5600 2029996 2029996 538565 346561 525344 13221 13221 2111767 1297517 814250 814250 122258879 60017364 -50907 7603261 5203816 5203816 1551707 200887 940225 410595 32634398 28272927 3035758 1325713 2830966 2441595 271018 118353 4887413 4144988 516757 225668 2425097 1988648 303786 132663 162688 5412 157276 82883 82883 135275 135275 329270 329270 1461255 351482 772446 337327 230434 79426 151008 582229 275028 213824 93377 1263683 876801 269285 117597 2006654 1701811 212183 92660 180687 128244 36502 15941 156315 103872 36502 15941 770320 673183 67611 29526 5990965 5230010 529655 231300 818064 818064 STUDENT ACTIVITIES & TR 1623517 1623517 SUPPLIES - INSTRUCTIONA 894351 894201 150 MEALS AND ENTERTAINMENT 712168 352314 359854 DUES MEMBERSHIPS 334042 182865 151177 4679046 4413222 248770 17054 71947243 59064823 9432422 3449998 1340 1340 28924869 34890981 1599697 41997072 183139 424316 129059 122266 1379725 1605158 192568987 115257061 74849949 77311926 134534794 143760888 6399291 7419366 2192207 943854 250194070 308477167 4383939 3471083 11127887 11385799 24089040 23428188 2435499 2381581 42036365 40666651 X 123582424 126965837 84575281 140844679 208157705 267810516 250194070 308477167 X 50311636 9299334 41841 X 0 1 X 1 0 X 4579492 4303137 7791871 7469850 54689161 78833511 4579492 4303137 7791871 7469850 54689161 78833511 36198108 42635403 2497500 2073845 1842688 3306168 5640945 15361146 82893 187339 52866 13221 336319 123856 123856 94654832 276118440 0.45040 0.63240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132396461 2266712 17191182 5313943 3001797 143538615 122588929 1927182 13882778 5017233 985195 132396461 141206242 2104423 -16072927 4381650 267159 122588929 110039760 2157866 33506886 4195333 302937 141206242 110693776 3438979 1149559 5036446 206108 110039760 0.35610 0.64390 0.00000 0 0 2288521 2288521 973712 147250248 85313206 62910754 13624820 12822771 802049 28431686 17121084 11310602 77311926 POSTRETIREMENT BENEFIT OBLIGATIONS 1446917 DEFERRED COMPENSATION PAYABLE 761931 FINANCE LEASE LIABILITY 172733 2381581 X PART V, LINE 4: THE PRIMARY FINANCIAL OBJECTIVE OF THE ENDOWMENT FUND IS TO SUPPORT THE CURRENT AND FUTURE OPERATING AND CAPITAL EXPENSES OF THE LOVETT SCHOOL. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE SCHOOL FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE SCHOOL, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE LOVETT SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SCHOOL HANDBOOKS AND POLICY MANUALS; PRINTED MATERIALS PROVIDED TO PROSPECTIVE STUDENTS, FAMILIES AND EMPLOYEES; AND ON THE SCHOOL'S WEBSITE. ANNUALLY, THE SCHOOL PUBLISHES AN ADVERTISEMENT IN THE LOCAL NEWSPAPER COMMUNICATING THE SCHOOL'S NONDISCRIMINATION POLICY. SOUTH AMERICA 1 3 PROGRAM SERVICE EDUCATION AND RESEARCH 118417 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1323963 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 5292701 1 3 0 0 1 3 6735081 0 6735081 0 0 1 1 1 0 PART I, LINE 3: THE PROGRAM SERVICE EXPENSES IN PART I, LINE 3, COLUMN (F) ARE PRESENTED ON AN ACCRUAL BASIS OF ACCOUNTING. THE INVESTMENTS LISTED IN PART I, LINE 3, COLUMN (F), REPRESENT THE FAIR MARKET VALUE OF SUCH INVESTMENTS AS OF THE END OF THE FISCAL YEAR BEING REPORTED ON. PART I, LINE 3, COLUMN E THE LOVETT SCHOOL, INC. (SOMETIMES "LOVETT OR THE "SCHOOL") OWNS, OPERATES, MAINTAINS AND SUPPORTS A PROTECTED PRESERVE OF CLOUD FOREST PROPERTY IN ECUADOR KNOWN AS SIEMPRE VERDE WHICH INCLUDES CERTAIN BUILDINGS AND RELATED IMPROVEMENTS IN WHICH LOVETT STUDENTS, AS WELL AS OTHER PERSONS BOTH FROM WITHIN, AND FROM OUTSIDE OF, THE LOVETT COMMUNITY, WHO HAVE TRAVELLED TO AND ARE STAYING AT THE SIEMPRE VERDE PROPERTY MAY STUDY, EXPLORE THROUGH ON-SITE INVESTIGATION AND EXPLORATION OF THE PRESERVE CLOUD FOREST PROPERTY, ENGAGE IN RESEARCH, MEET AND DISCUSS ENVIRONMENTAL PRESERVATION AND OTHER ISSUES AND OTHERWISE PARTICIPATE IN TROPICAL CONSERVATION EDUCATION AND OTHER PROGRAM SERVICES ACTIVITIES. LOVETT MAINTAINS A FOREIGN BANK ACCOUNT IN ECUADOR FOR, AMONG OTHER PURPOSES, TO PAY FEES, COSTS AND EXPENSES RELATING TO OWNERSHIP, OPERATION, MAINTENANCE, REPAIR, REFURBISHMENT AND SUPPORT OF THE SIEMPRE VERDE PROPERTY AND PROGRAM SERVICES ACTIVITIES AT SIEMPRE VERDE. THREE LOCAL RESIDENTS IN ECUADOR WORK FOR LOVETT FOR THE BENEFIT OF SIEMPRE VERDE. SUCH FEES, COSTS AND EXPENSES FOR LABOR, GOODS AND SERVICES ARE PAID BY LOVETT BOTH INDIRECTLY THROUGH PAYMENTS MADE BY THE ECUADORIAN AFFILIATE OF DELOITTE WHICH PROVIDES, AND/OR OVERSEES PROVISIONS OF, ACCOUNTING, TAX, GOVERNMENTAL, LEGAL AND OTHER PROFESSIONAL AND RELATED SERVICES ON BEHALF OF THE SCHOOL AS ITS REPRESENTATIVE, AND DIRECTLY BY AN AUTHORIZED LOVETT REPRESENTATIVE, INCLUDING, BUT NOT LIMITED TO, BY LOVETT'S PROGRAM DIRECTOR WHO PERIODICALLY TRAVELS TO SIEMPRE VERDE AND OTHER AREAS IN THE REGION FOR, AMONG OTHER PURPOSES, TO OVERSEE THE WORK OF THE LOCAL RESIDENTS WORKING AT SIEMPRE VERDE, TO MANAGE MATTERS RELATING TO THE OWNERSHIP, OPERATION, MAINTENANCE AND SUPPORT OF THE SIEMPRE VERDE PROPERTY AND RELATING TO PROGRAM SERVICES ACTIVITIES, TO PAY FOR MAINTENANCE, REPAIRS AND REPLACEMENTS AT, OR FOR THE BENEFIT OF, SIEMPRE VERDE AND/OR TO PAY FOR SERVICES NOT PAID THROUGH THE DELOITTE AFFILIATE IN ECUADOR, AND TO COORDINATE AND OVERSEE SIEMPRE VERDE PROGRAM SERVICES ACTIVITIES. X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES 200 S MICHIGAN AVE STE 2100 CHICAGO IL 60604 CAMPAIGN CONSULTING 0 2945726 135275 2810451 2945726 135275 2810451 GA LPA 513100 123350 389750 17882 22964 156382 55710 LIONBACKERS 335890 207450 128440 23678 40115 99700 42348 2 36136 15761 20375 7544 59021 885126 346561 538565 41560 63079 263626 157079 525344 13221 GA 1 0 0 0 BARBARA EDMUNDSON 4075 PACES FERRY RD NW ATLANTA GA 30327 0 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUNDRAISING CAMPAIGN CONSULTING. PART II OTHER EVENTS INCLUDE THE SCHOOL'S FRIENDS OF THE ARTS EVENT AND THE ALUMNI EVENT. 1 FINANCIAL AID FOR TUITION AND FEES 212 5203816 BOOK TUITION REDUCTION PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID TO QUALIFYING STUDENTS THAT ATTEND THE SCHOOL. THE GRANTS ARE TREATED AS A REDUCTION OF REVENUE AND ARE APPLIED DIRECTLY TO TUITION BY THE SCHOOL. SINCE THE SCHOOL, NOT THE RECIPIENTS, MAINTAINS CONTROL OF THE FUNDS, NO FORMAL MONITORING PROCESS IS NECESSARY. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 MEREDYTH COLE CEO/HEAD OF SCHOOL 470165 0 100000 0 10562 0 104700 0 46738 0 732165 0 0 0 JOHN MONGELLI CFO 285141 0 19350 0 0 0 23365 0 18417 0 346273 0 0 0 MATT GOULD CHIEF DEVELOPMENT OFFICER 253771 0 10000 0 0 0 20254 0 252 0 284277 0 0 0 CHELLE WABREK ASST HEAD OF SCHOOL 222649 0 0 0 0 0 20659 0 18417 0 261725 0 0 0 TOMMY WELCH HEAD OF CULTURE AND COMMUNITY 206516 0 10000 0 0 0 17103 0 13415 0 247034 0 0 0 CHORLANA FRANCIS CHRO 208824 0 0 0 0 0 16954 0 7713 0 233491 0 0 0 P GRAY KELLY COO 205149 0 0 0 0 0 17718 0 247 0 223114 0 0 0 STEVEN ALLEN HEAD CHAPLAIN 130067 0 0 0 50000 0 22859 0 18350 0 221276 0 0 0 PATRICK BOSWELL HEAD OF UPPER SCHOOL 161944 0 0 0 0 0 19990 0 210 0 182144 0 0 0 PART I, LINE 1A MEREDYTH M. COLE WAS PROVIDED THE FOLLOWING BENEFITS: RESIDENCE FOR PERSONAL USE, HOUSEKEEPING SERVICES, TAX INDEMNIFICATION, AND GROSS UP PAYMENTS FOR LONG-TERM DISABILITY, AS PROVIDED IN HER EMPLOYMENT AGREEMENT. STEVEN ALLEN RECEIVED TAX INDEMNIFICATION AND GROSS UP PAYMENTS FOR LONG-TERM DISABILITY. PART I, LINE 1B THE CEO/HEAD OF SCHOOL HAS AN EMPLOYMENT AGREEMENT THAT REQUIRES HER TO USE THE RESIDENCE AT THE SCHOOL DURING THE TERM OF THE EMPLOYMENT AGREEMENT AND LOVETT IS OBLIGATED UNDER SUCH EMPLOYMENT AGREEMENT, TO PAY ALL COSTS AND EXPENSES FOR OPERATION OF THE HEAD OF SCHOOL'S RESIDENCE LOCATED ON LOVETT'S MAIN CAMPUS; ALL COSTS AND EXPENSES FOR THE NECESSARY AND REASONABLE MAINTENANCE AND REPAIR OF THE HEAD OF SCHOOL RESIDENCE AND ASSOCIATED GROUNDS; AND ALL OTHER COSTS AND EXPENSES REASONABLY RELATED TO USE AND/OR OPERATION OF THE HEAD OF SCHOOL RESIDENCE AND ASSOCIATED GROUNDS. PART I, LINE 3 UNDER THE CORPORATE BYLAWS OF THE LOVETT SCHOOL, INC., THE COMPENSATION, BENEFITS AND OTHER TERMS AND CONDITIONS FOR THE EMPLOYMENT BY LOVETT OF ITS CEO AND HEAD OF SCHOOL ARE REQUIRED (1) TO BE NEGOTIATED WITH THE CEO/HEAD OF SCHOOL BY THE COMPENSATION COMMITTEE OF THE LOVETT BOARD, ACTING THROUGH THE BOARD CHAIR, WITH THE GOAL OF ESTABLISHING, AND PROVIDING A COMPENSATION AND BENEFITS PACKAGE DURING THE TERM OF EMPLOYMENT "FAIR AND REASONABLE" (BUT NOT EXCESSIVE); AND (2) TO MEMORIALIZE SUCH COMPENSATION, BENEFITS AND OTHER TERMS AND CONDITIONS OF EMPLOYMENT IN A WRITTEN EMPLOYMENT AGREEMENT BETWEEN LOVETT AND THE CEO/HEAD OF SCHOOL, PROVIDED THAT SUCH WRITTEN EMPLOYMENT AGREEMENT MUST BE REVIEWED AND APPROVED BY THE MAJORITY VOTE OF THE ACTIVE TRUSTEES SERVING ON THE EXECUTIVE COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND CONSIDER PRIOR TO SUCH COMMITTEES MAKING THEIR RESPECTIVE DECISIONS: (A) INFORMATION ON FORMS 990 FILED BY COMPARABLE EDUCATIONAL ORGANIZATIONS REGARDING COMPENSATION AND BENEFITS PROVIDED BY SUCH COMPARABLE EDUCATIONAL ORGANIZATIONS TO THEIR RESPECTIVE CEOS AND HEADS OF SCHOOL AND/OR (B) INFORMATION IN COMPENSATION AND BENEFITS PROVIDED BY COMPARABLE EDUCATIONAL ORGANIZATIONS WHICH ARE ALSO MEMBERS OF SUCH ORGANIZATIONS TO THEIR RESPECTIVE CEOS AND HEADS OF SCHOOL, AS APPLICABLE FROM YEAR TO YEAR. PART I, LINE 4B AS OF JULY 1, 2018, THE SCHOOL ESTABLISHED A NONQUALIFIED 457(F) DEFERRED COMPENSATION PLAN FOR MEREDYTH M. COLE. THE TERMS OF THE PLAN PROVIDE THAT THE SCHOOL MAY MAKE A DISCRETIONARY CONTRIBUTION TO THE PLAN EACH YEAR. DURING THE FISCAL YEAR ENDING JUNE 30, 2024, THE SCHOOL MADE A CONTRIBUTION OF $75,000 TO THE PLAN. VESTING OF CONTRIBUTIONS WERE CONTINGENT UPON HER CONTINUED EMPLOYMENT FOR THE REMAINDER OF HER EMPLOYMENT AGREEMENT WHICH RUNS THROUGH JUNE 30, 2024. CASH DISTRIBUTIONS TO MS. COLE FROM THE PLAN ARE TO BE PAID 60 DAYS AFTER THE EARLIEST OF THE FOLLOWING EVENTS: VESTING, DEATH, DISABILITY, OR CERTAIN SEPARATIONS FROM SERVICE. PART I, LINE 7 MEREDYTH M. COLE, RECEIVED INCENTIVE COMPENSATION CONTINGENT ON ACHIEVING CERTAIN NON-FINANCIAL GOALS RELATING TO SUCH MATTERS AS THE SCHOOL'S EDUCATION ENVIRONMENT AND/OR THE SCHOOL'S DIVERSITY, AS WELL AS CERTAIN FINANCIAL GOALS SUCH AS OPERATING THE SCHOOL IN ACCORDANCE WITH THE SCHOOL'S APPROVED ANNUAL OPERATING BUDGET AND/OR CAPITAL FUNDRAISING. 25526 FINANCIAL AID EDUCATION 52741 FINANCIAL AID EDUCATION PART III: FINANCIAL AID WAS DETERMINED IN ACCORDANCE WITH POLICY AND BASED ON DEMONSTRATED NEED. X 28 350004 MARKET VALUE 0 0 1 1 PART I, LINE 32B: WHEN LOVETT RECEIVES NONCASH CONTRIBUTIONS FROM DONORS WHICH ARE PUBLICLY TRADED SECURITIES, LOVETT'S POLICY AND PROCEDURE IS TO SELL SUCH PUBLICLY TRADED SECURITIES AND TO CONVERT THEIR VALUE INTO CASH FOR REINVESTMENT OR OTHER USE, WHETHER FOR OPERATING EXPENSES OR AS PART OF LOVETT'S ENDOWMENT. IN ORDER TO SELL PUBLICLY TRADED SECURITIES, LOVETT USES LICENSED STOCK BROKERAGE FIRMS OR OTHER ENTITIES LICENSED TO SELL AND PURCHASE PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B UNDER THE CORPORATE BYLAWS OF THE LOVETT SCHOOL, INC., AN AUDIT COMMITTEE OF THE BOARD OF TRUSTEES WAS ESTABLISHED COMPRISED OF TRUSTEES AND OF TRUSTEES EMERITI OF THE BOARD, AND THE AUDIT COMMITTEE WAS DELEGATED, AMONG OTHERS, THE AUTHORITY AND RESPONSIBILITY FOR OVERSEEING AND APPROVING THE ANNUAL PREPARATION AND FILING OF TAX RETURNS, FORMS AND OTHER ITEMS REQUIRED UNDER ANY APPLICABLE LEGAL REQUIREMENTS, INCLUDING, BUT NOT LIMITED TO, THE ANNUAL PREPARATION OF FORM 990, THE OVERSIGHT AND APPROVAL OF THE FINAL FORM OF EACH ANNUAL FORM 990, AND CAUSING THE FILING OF EACH SUCH ANNUAL FORM 990 WITH THE INTERNAL REVENUE SERVICE; PROVIDED, HOWEVER, THAT PRIOR TO ANY ANNUAL FILING OF LOVETT'S FORM 990, LOVETT FIRST PROVIDES AND/OR MAKES AVAILABLE FOR INSPECTION A COMPLETE COPY OF THIS FORM 990 BY ALL MEMBERS OF THE LOVETT BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL (I) MEMBERS OF LOVETT'S BOARD OF TRUSTEES, (II) ITS OFFICERS, (III) ITS KEY EMPLOYEES (AS DEFINED IN THE IRS GUIDELINES) AND (IV) ITS FIVE CURRENT HIGHEST COMPENSATED EMPLOYEES WHO RECEIVED REPORTABLE COMPENSATION OF MORE THAN $100,000.00 FROM LOVETT (AND WHO ARE NO LOVETT OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES) ARE REQUIRED TO, AND DO, COMPLETE AND EXECUTE WRITTEN CONFLICT OF INTEREST AND FAMILY AND BUSINESS RELATIONSHIP DISCLOSURES CONSISTENT WITH LOVETT CONFLICT OF INTEREST POLICY. FOR LOVETT'S FISCAL YEAR ENDED JUNE 30, 2023, NONE OF THE COMPLETED AND EXECUTED WRITTEN CONFLICT OF INTEREST AND FAMILY AND BUSINESS RELATIONSHIP DISCLOSURES FROM SUCH MEMBERS OF LOVETT'S BOARD OF TRUSTEES, FROM SUCH LOVETT'S OFFICERS, FROM SUCH LOVETT'S KEY EMPLOYEES OR FROM SUCH LOVETT'S FIVE CURRENT HIGHEST COMPENSATED EMPLOYEES WHO RECEIVED REPORTABLE COMPENSATION OF MORE THAN $100,000.00 FROM LOVETT DISCLOSED ANY CONFLICTS OF INTEREST FOR SUCH LOVETT'S FISCAL YEAR ENDED JUNE 30, 2023. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COMPENSATION COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD EACH IS REQUIRED TO REVIEW AND CONSIDER PRIOR TO SUCH COMMITTEES MAKING THEIR RESPECTIVE DECISIONS (A) INFORMATION IN FORM 990S FILED BY COMPARABLE EDUCATIONAL ORGANIZATIONS (AND WHICH ARE PUBLICLY AVAILABLE) REGARDING COMPENSATION AND BENEFITS PROVIDED BY SUCH COMPARABLE EDUCATIONAL ORGANIZATIONS TO THEIR RESPECTIVE CEOS AND HEADS OF SCHOOL, OTHER OFFICERS AND KEY EMPLOYEES AND/OR (B) INFORMATION IN COMPENSATION AND BENEFITS SURVEYS AND STUDIES PREPARED BY EDUCATIONAL INDUSTRY ASSOCIATIONS IN WHICH LOVETT IS A MEMBER REGARDING COMPENSATION AND BENEFITS PROVIDED BY COMPARABLE EDUCATIONAL ORGANIZATIONS (WHICH ARE ALSO MEMBERS OF SUCH EDUCATIONAL INDUSTRY ASSOCIATIONS) TO THEIR RESPECTIVE CEOS AND HEADS OF SCHOOL, OTHER OFFICERS AND KEY EMPLOYEES, AS APPLICABLE FROM YEAR TO YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN POSTRETIREMENT OBLIGATION 41,841. BREAKTHROUGH ATLANTA INC 4075 PACES FERRY ROAD NW ATLANTA GA 30327 844725498 EDUCATION GA 501(C)(3) LINE 12A, I THE LOVETT SCHOOL INC 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 BREAKTHROUGH ATLANTA B 1582219 BOOK BREAKTHROUGH ATLANTA P 872476 BOOK BREAKTHROUGH ATLANTA O 101544 BOOK BREAKTHROUGH ATLANTA D 347580 BOOK