2023-05-10T12:14:25-05:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 942701113 DR MIRIAM AND SHELDON G ADELSON EDUCATIONAL INSTITUTE DRMI 7022554500 9700 W HILLPOINTE ROAD LAS VEGAS NV 89134 LAURIE KAUFMANN CHIEF FINANICAL OFFICER 7022554500 2023-05-09 1 LAURIE KAUFMANN 999009999 KATY BROWN P00650274 9257902600 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LAURIE KAUFMANN 9700 W HILLPOINTE ROAD LAS VEGAS NV 89134 14088838 0 X WWW.ADELSONCAMPUS.ORG X 1980 NV EDUCATION FOR CHILDREN IN GRADES PRE-K THROUGH 12TH GRADE 10 10 221 27 0 0 8140408 2257680 8437076 11672964 735 122843 -18997 26944 16559222 14080431 1648682 1766724 0 0 10770304 11362374 0 0 248023 5162587 5878641 17581573 19007739 -1022351 -4927308 45249882 41270520 11309239 12257185 33940643 29013335 THE SCHOOL PROVIDES AN EXTENSIVE SECULAR AND JUDAIC STUDIES CURRICULUM FOR STUDENTS IN PRESCHOOL THROUGH 12TH GRADE. 0 0 16602561 1766724 11683588 THE SCHOOL PROVIDES EDUCATION IN SECULAR AND JUDAIC STUDIES, SERVING IN EXCESS OF 512 STUDENTS ANNUALLY. 16602561 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 221 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURIE KAUFMANN 7025158204 9700 W HILLPOINTE ROAD LAS VEGAS NV 89134 ARNOLD B ZAR-KESSLER INTERIM HOS (LEFT 6/2022) 40.00 X 343439 0 23181 ALISON N ABRAHAMSON DIRECTOR OF ADVANCEMENT 40.00 X 211280 0 28325 CAMILLE M MCCUE PRINCIPAL-US 40.00 X 180766 0 9241 BENJAMIN D KOCH ASST PRINCIPAL-US 40.00 X 140712 0 20132 DANIEL T KELLY ASST PRINCIPAL-LS 40.00 X 116245 0 11811 LILACH BLUEVISE FORMER PRINCIPAL (LEFT 6/2021) 40.00 X 112263 0 15685 FRIEDA A FRIEDMAN FORMER CFO (LEFT 06/2021) 40.00 X 105436 0 14189 LAURIE A KAUFMANN CFO 40.00 X 87624 0 11668 PETER GORDON HEAD OF SCHOOL 40.00 X 0 0 0 THOMAS SPIEGEL PRESIDENT 1.00 X X 0 0 0 PHILIP KANTOR SECRETARY (LEFT 8/2021) 1.00 X X 0 0 0 PATRICK DUMONT SECRETARY/TREASURER 1.00 X X 0 0 0 DR MIRIAM ADELSON MD TRUSTEE 1.00 X 0 0 0 SIVAN DUMONT TRUSTEE 1.00 X 0 0 0 BARRY SHRAGE TRUSTEE 1.00 X 0 0 0 BENJAMIN YERUSHALMI TRUSTEE 1.00 X 0 0 0 DR NEVILLE POKROY MD TRUSTEE 1.00 X 0 0 0 CHARLES LITT TRUSTEE 1.00 X 0 0 0 ARIEL GARBER TRUSTEE 1.00 X 0 0 0 CAROLINE KUPERSTOCK TRUSTEE 1.00 X 0 0 0 1297765 0 134232 7 1 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERNVILLE MD 21093 422072 JBE SYSTEMS 1176 CENTER POINT DRIVE HENDERSON NV 89074 267730 GREENSCAPES OF NEVADA LLC 5965 NORTH CHIEFTAIN STREET LAS VEGAS NV 89149 126650 WELLS FARGO VENDOR FINANCIAL SERVICES L PO BOX 030310 LOS ANGELES CA 90030 118779 4 1842800 414880 18179 2257680 TUITION 611710 11492557 11492557 OTHER PROG. FEES/SERVI 611600 180407 180407 11672964 284 284 28135 5583 22552 22552 22552 125383 2824 122559 122559 122559 PPP INTEREST REIMBURSE 900099 4392 4392 4392 14080431 11672964 0 149787 1766724 1766724 658477 602923 55554 7979352 7285783 592003 101566 392480 370928 17124 4428 1645309 1513322 115282 16705 686756 582960 91507 12289 50546 50546 57125 57125 44129 30360 6178 7591 181004 39289 131893 9822 48819 9764 36614 2441 6362 1381 4636 345 1224850 1175854 36747 12249 22614 4523 16960 1131 18814 4084 13709 1021 2365342 2289264 73865 2213 216803 43360 162604 10839 INSTRUCTION 1445648 1445648 BANK FEES 196585 39317 147439 9829 19007739 16602561 2157155 248023 788788 244240 535331 495559 6103635 7924274 214585 192061 66534226 34710593 33362218 31823633 4245325 590753 45249882 41270520 885599 1140363 8580840 11116822 1842800 0 11309239 12257185 X 33940643 28994760 18575 33940643 29013335 45249882 41270520 -4927308 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1358205 1358205 59066885 29447279 29619606 3444761 2819562 625199 2664375 2443752 220623 31823633 X 11583436 -2496995 -2496995 14080431 0 14080431 16510744 0 16510744 2496995 2496995 19007739 PART X, LINE 2: THE SCHOOL IS A QUALIFIED ENTITY EXEMPT FROM FEDERAL INCOME UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL ADDITIONALLY 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 SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -1,766,724. RECLASSIFY EXPENSE -16,207. FACULTY TUITION REMISSION -714,064. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 1,766,724. FACULTY TUITION REMISSION 714,064. RECLASSIFY EXPENSE 16,207. 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATION POLICY IS PUBLICLY ACCESSIBLE ON THE SCHOOL'S INTERNET HOMEPAGE DURING ITS TAX YEAR. SCHEDULE E, PART I, LINE 6 ON APRIL 5, 2021, THE SCHOOL RECEIVED LOAN PROCEEDS OF $1,842,000 FROM A PROMISSORY NOTE UNDER THE PAYCHECK PROTECTION PROGRAM ADMINISTERED BY THE US SMALL BUSINESS ADMINISTRATION. THE SCHOOL WAS GRANTED FORGIVENESS FOR THE ENTIRE AMOUNT ON AUGUST 3, 2022 AND HAS RECOGNIZED THE INCOME DURING JUNE 30, 2022 FISCAL YEAR END. 1 FINANCIAL ASSISTANCE 169 1766724 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON AN APPLICATION TO AN OUTSIDE SERVICE-SSS. APPLICANTS SUBMIT THE MOST RECENTLY FILED INCOME TAX RETURNS, CURRENT W-2'S AND 1099'S AND A LETTER OF EXPLANATION OF SPECIAL CIRCUMSTANCES IF NECESSARY. ALL MATERIAL IS USED TO DETERMINE THE AID NEEDED WITH CONSIDERATION OF THE CONSTRAINTS DICTATED BY THE BOARD OF TRUSTEES. ONCE AN AWARD IS MADE, THE FAMILY IS NOTIFIED BY LETTER, AND THEY IN RETURN EMAIL AN ACCEPTANCE OR APPEAL. THE AWARD, IF ACCEPTED, IS CREDITED TO THE ACCOUNT AGAINST THE TUITION CHARGE. DURING THE ACADEMIC YEAR STUDENT GRADES ARE MONITORED TO ENSURE THAT THEY MAINTAIN A B AVERAGE. X X X X 0 0 0 0 0 0 0 0 0 ARNOLD B ZAR-KESSLER INTERIM HOS (LEFT 6/2022) 343439 0 0 0 0 0 22298 0 883 0 366620 0 0 0 ALISON N ABRAHAMSON DIRECTOR OF ADVANCEMENT 211280 0 0 0 0 0 19080 0 9245 0 239605 0 0 0 CAMILLE M MCCUE PRINCIPAL-US 180766 0 0 0 0 0 0 0 9241 0 190007 0 0 0 BENJAMIN D KOCH ASST PRINCIPAL-US 140712 0 0 0 0 0 12726 0 7406 0 160844 0 0 0 LILACH BLUEVISE FORMER PRINCIPAL (LEFT 6/2021) 112263 0 0 0 0 0 11070 0 4615 0 127948 0 0 0 FRIEDA A FRIEDMAN FORMER CFO (LEFT 06/2021) 105436 0 0 0 0 0 9574 0 4615 0 119625 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILIAL RELATIONSHIP BETWEEN SIVAN DUMONT, SHELDON ADELSON, AND MIRIAM ADELSON. FORM 990, PART VI, SECTION A, LINE 4 THE DR. MIRIAM AND SHELDON G. ADELSON EDUCATIONAL INSTITUTE (THE ADELSON SCHOOL) APPROVED THEIR AMENDED BYLAWS MAY 3, 2022. THE SIGNIFICANT CHANGES CONSISTED OF THE FOLLOWING: - THE BOARD CANNOT BE FEWER THAN ONE VOTING MEMBER AND THERE IS NO LONGER A LIMIT ON THE TOTAL VOTING MEMBERS SERVING AT ONE TIME. - THE BOARD IS NOW DIVIDED INTO TWO STAGGERED CLASSES, AS NEARLY EQUAL IN NUMBER AS POSSIBLE. AFTER THE FIRST YEAR FROM THE ADOPTION OF THE AMENDED BYLAWS THE TERM OF EACH TRUSTEE WILL BE TWO YEARS, AND THE TERMS OF APPROXIMATELY ONE-HALF OF THE TRUSTEES SHALL EXPIRE EACH YEAR. (THE INITIAL TERM FROM THE ADOPTION OF THESE BYLAWS WILL BE ONE YEAR IN ORDER TO ESTABLISH THE TWO STAGGERED CLASSES OF TRUSTEES.) - THE AMENDED BYLAWS INCLUDE LANGUAGE REGARDING RESIGNATION; UPDATED TO CLARIFY THAT ANY MEMBER OF THE BOARD MAY RESIGN AT ANY TIME BY GIVING WRITTEN NOTICE TO THE BOARD CHAIRPERSON OR THE SECRETARY OF THE CORPORATION. - ARTICLE VI: COMMITTEES, HAD THE FOLLOWING CHANGES: TERMS OF OFFICE FOR COMMITTEE MEMBERS TO BE APPROXIMATELY TWO YEARS, MEMBERS ARE BOARD APPOINTED TO A COMMITTEE, THE COMMITTEE MEMBERS ALSO HAVE THE RIGHTS TO APPOINT OTHER MEMBERS. A MAJORITY OF THE VOTING MEMBERS OF THE WHOLE COMMITTEE SHALL CONSTITUTE A QUORUM AND ACT OF A MAJORITY OF THE VOTING MEMBERS PRESENT AT A MEETING. THE EXECUTIVE COMMITTEE NO LONGER CONSIST OF THE PAST CHAIR AND IS CONSISTED OF AT LEAST THREE OR MORE TRUSTEES (INCLUDES BOARD CHAIRPERSON, PRESIDENT, SECRETARY, TREASURER, AND ANY VICE PRESIDENT). ARTICLE VI ALSO DEFINES THE FOLLOWING COMMITTEES: STANDING COMMITTEE, DEVELOPMENT COMMITTEE, FINANCE COMMITTEE, GOVERNANCE COMMITTEE AND CAMPUS PLANNING COMMITTEE. - ARTICLE VIII, CONTRACTS: ALL CHECKS, DRAFTS, AND OTHER ORDERS FOR PAYMENT OF MONEY, NOTES OR OTHER EVIDENCE OF INDEBTEDNESS THAT ARE ISSUED ON BEHALF OF THE ORGANIZATION IS SUBJECT TO DUAL SIGNATURES BY EITHER BOARD CHAIRPERSON, PRESIDENT, HEAD OF SCHOOL, CFO, TREASURER OR SECRETARY. THE BOARD CAN CHANGE THE POLICY FROM TIME TO TIME TO ONLY REQUIRE DUAL SIGNATURES FOR ANY PAYMENT MORE THAN $10,000. - THE BYLAWS CAN BE ALTERED, AMENDED, OR REPEALED AND BYLAWS MAY BE ADOPTED BY A MAJORITY OF THE TOTAL VOTING MEMBERS OF THE BOARD PRESENT AT ANY MEETING. THERE IS NO LONGER A REQUIREMENT TO PROVIDE AT LEAST FIVE DAYS WRITTEN NOTICE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM ARMANINO LLP. IT IS THEN REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR AND THE HEAD OF SCHOOL. A FINAL DRAFT OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF TRUSTEES FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES SHOULD AVOID ANY SITUATION THAT INVOLVES OR MAY INVOLVE A CONFLICT BETWEEN THEIR PERSONAL INTEREST AND THE INTEREST OF THE SCHOOL AND ITS STUDENTS. EACH SHALL MAKE PROMPT AND FULL DISCLOSURE IN WRITING TO HIS/HER MANAGER OF ANY POTENTIAL SITUATION THAT MAY INVOLVE A CONFLICT OF INTEREST. ANY VIOLATION OF THIS POLICY MAY LEAD TO DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. ANY KNOWLEDGE OF ANY VIOLATION OF THE POLICY SHALL PROMPTLY REPORT SUCH VIOLATION TO THE HUMAN RESOURCES MANAGER. EACH SUPERVISOR IS RESPONSIBLE FOR COMPLIANCE IN HIS/HER AREA OF RESPONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 15 THE CFO'S COMPENSATION WAS INITIALLY DECIDED BY THE BOARD TREASURER IN 2016 BASED ON THE CFO'S REQUEST AND COMPARABLE DATA. SUBSEQUENTLY, THE POSITION RECEIVED THE SAME PERCENTAGE AS ALL OTHERS ACROSS THE BOARD. THE HEAD OF SCHOOL'S COMPENSATION IS REPORTED BY THE BOARD TREASURER WHO WILL DECIDE ALONG WITH A SMALL COMMITTEE AS TO THE AMOUNT THROUGH THE USE OF COMPARABLE DATA AND IS THEN REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE HEAD OF SCHOOL'S OFFICE.