2023-05-11T12:52:29-05:00 2022-06-30 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2021-07-01 381359080 THE GROSSE POINTE ACADEMY GROS 3138861221 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 THOMAS W ADAMS HEAD OF SCHOOL 3138861221 2023-05-10 1 THOMAS ADAMS 999009999 PARGAT SINGH P02184330 8002291099 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANDREA SOAVE PROVENZANO 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 9202917 0 X WWW.GPACADEMY.ORG X 1969 MI THE GROSSE POINTE ACADEMY IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING CHILDREN IN EARLY SCHOOL THROUGH GRADE EIGHT. THE ACADEMY IS A CHRISTIAN BASED SCHOOL THAT EMBRACES STUDENTS FROM ALL RELIGIONS. 16 16 91 25 27089 0 976249 636155 4342003 6488581 407985 408850 352474 253325 6078711 7786911 902193 1039045 0 0 3005899 3515843 0 0 522333 1875136 2499876 5783228 7054764 295483 732147 18108930 17719547 5893887 6194217 12215043 11525330 THE MISSION OF THE GROSSE POINTE ACADEMY IS TO NURTURE, CHALLENGE AND INSPIRE THE INTELLECTUAL, CREATIVE AND PERSONAL POTENTIAL IN EACH AND EVERY CHILD. 0 0 4766609 1039045 6837382 AN INDEPENDENT EDUCATIONAL INSTITUTION THAT PROVIDES AN ENVIRONMENT OF LEARNING FOR STUDENTS IN GRADES PRESCHOOL THROUGH EIGHT OF VARIOUS SOCIAL, ECONOMIC, RELIGIOUS, AND CULTURAL BACKGROUNDS. 4766609 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 40 0 1 91 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X THOMAS W ADAMS 3138861221 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 X ANDREA SOAVE PROVENZANO PRESIDENT 5.00 X X 0 0 0 BRIDGET BEARSS RSCJ TRUSTEE 5.00 X 0 0 0 CAROLE J PEABODY TRUSTEE 5.00 X 0 0 0 CHARLES TOURANGEAU SECRETARY 5.00 X X 0 0 0 HALI H GIESSLER TRUSTEE 5.00 X 0 0 0 MEGAN STOOKE TRUSTEE 5.00 X 0 0 0 MARITA S GROBBEL TRUSTEE 5.00 X 0 0 0 T HART MECKE III VICE-PRESIDENT 5.00 X X 0 0 0 BOB RAHAIM TRUSTEE 5.00 X 0 0 0 BOB MOESTA TRUSTEE 5.00 X 0 0 0 POWELL PEABODY CORBETT TRUSTEE 5.00 X 0 0 0 ADAM Z HOLLERBACH TRUSTEE 5.00 X 0 0 0 PAUL E LINDOW TREASURER 5.00 X X 0 0 0 ROSELIE BELLANCA POSSELIUS TRUSTEE 5.00 X 0 0 0 RJ WOLNEY MEMBER AT LARGE 5.00 X 0 0 0 THOMAS ADAMS HEAD OF SCHOOL - EX-OFFICI 40.00 X 206759 0 44533 CYNTHIA A WILLOUGHBY DIRECTOR OF FINANCE & OPERATIONS 40.00 X 119086 0 0 325845 0 44533 2 0 1 0 SUNGLO RESTORATION SERVICE INC 42860 W 9 MILE RD NOVI MI 48375 INUSRANCE 404896 PLUM MARKET FOOD SERVICE LLC 30777 NORTHWESTERN HWY SUITE 301 FARMINGTON HILLS MI 48334 FOOD SERVICE PROVIDER 246554 APPLE INC ONE APPLE PARK WAY CUPERTINO CA 95014 COMPUTER SERVICES 148084 3 147208 488947 63063 636155 TUITION & FEES 611710 5243111 5243111 STUDENT SUPPORT SERVICES 611710 1010586 1010586 SHARED SERVICE REVENUE 611710 234884 234884 6488581 72443 72443 68078 40989 27089 27089 27089 1536460 1200053 336407 336407 336407 388806 147208 174964 213842 213842 BAD DEBT RECOVERY 611710 12394 12394 12394 7786911 6837382 27089 286285 1039045 1039045 251292 151906 84685 14701 2774360 1677101 934959 162300 34330 20753 11569 2008 247707 142834 88542 16331 208154 105979 91475 10700 21246 4249 10623 6374 40953 8190 20477 12286 360873 72174 180437 108262 62490 12498 31245 18747 368960 272042 92387 4531 593139 473675 59783 59681 268972 164729 62554 41689 106593 85275 12791 8527 602426 480491 73161 48774 74224 55668 11134 7422 7054764 4766609 1765822 522333 302747 532615 153390 67794 4050 23319 15952 58981 86624 20778588 10176784 10073675 10601804 7492768 6414758 18108930 17719547 291130 372076 353966 548085 5241518 5274056 7273 0 5893887 6194217 X 9122185 8635430 3092858 2889900 12215043 11525330 18108930 17719547 732147 -1421860 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1355807 20000 -127468 1248339 1263119 92688 1355807 1244647 6000 65182 52710 1263119 1376712 -77348 54717 1244647 1371178 61587 56053 1376712 0.48000 0.52000 1 0 200000 200000 18420754 8990072 9430682 1576358 1186712 389646 581476 581476 10601804 X 5529566 -1421860 215954 -1205906 6735472 1051439 1051439 7786911 6219279 203560 203560 6015719 1039045 1039045 7054764 PART V, LINE 4: THE ACADEMY'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. EARNINGS FROM GENERAL ENDOWMENT FUNDS ARE USED TO FUND SCHOOL OPERATIONS. EARNINGS FROM THE ENDOWMENT SCHOLARSHIP FUND ARE USED TO FUND SCHOLARSHIPS AND FINANCIAL ASSISTANCE. PART X, LINE 2: THE ACADEMY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH GAAP, WHICH REQUIRE RECOGNITION OF AND DISCLOSURE RELATED TO UNCERTAIN TAX POSITIONS. AS OF AND DURING THE YEAR ENDED JUNE 30, 2022, THE ACADEMY DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 40,989. FUNDRAISING EXPENSES NETTED WITH REVENUE 174,965. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 1,039,045. BAD DEBT RECOVERY 12,394. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME 40,989. FUNDRAISING EXPENSES NETTED WITH REVENUE 174,965. BAD DEBT RECOVERY -12,394. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 1,039,045. 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 GROSSE POINTE ACADEMY IS DEDICATED TO PROVIDING A CULTURE OF DIVERSITY, EQUITY, AND INCLUSION. THE GROSSE POINTE ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF AND WELCOMES STUDENTS OF ANY RACE, ETHNICITY, GENDER IDENTITY, SOCIOECONOMIC BACKGROUND, LEARNING STYLE, FAMILY STRUCTURE, AND RELIGION/BELIEFS. AS AN ACADEMIC INSTITUTION, WE REALIZE THAT THERE IS ALWAYS ROOM FOR GROWTH AND LEARNING, AND WE EMBRACE THIS TUMULTUOUS TIME AS AN OPPORTUNITY FOR BOTH. WE WILL CONTINUE TO LISTEN, ENGAGE IN CONVERSATION, AND SUPPORT AND RESPECT ONE ANOTHER, SO WE CAN HELP BUILD A MORE EQUITABLE WORLD. ACTION AUCTION 536014 147208 388806 16367 82769 55519 20309 536014 147208 388806 16367 82769 55519 20309 174964 213842 1 TUITION REMISSION 18 255515 FMV 65% DISCOUNT ON EACH STUDENT. FINANCIAL AID 75 589265 FMV THIRD PARTY (FACTS) RECOMMENDATION. MULTIPLE STUDENT DISCOUNT 24 22540 FMV 5% DISCOUNT ON EACH ADDITIONAL CHILD. SCHOLARSHIPS 22 171725 FMV STUDENT MEETS PREDETERMINED REQUIREMENTS. PART I, LINE 2: STUDENTS APPLY FOR FINANCIAL AID EACH YEAR. AMOUNTS ARE AWARDED BASED ON NEED AND ARE APPLIED DIRECTLY TO THE STUDENTS' TUITION ACCOUNTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 THOMAS ADAMS HEAD OF SCHOOL - EX-OFFICI 206759 0 0 0 0 0 0 0 44533 0 251292 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS ASKED TO LIVE IN A HOUSE ON THE SCHOOL CAMPUS WITH HIS FAMILY WITHOUT CHARGE FOR THE BENEFIT OF THE SCHOOL. THE HEAD OF SCHOOL DOES NOT PAY THE TUITION FOR HIS CHILDREN ABOVE THE REMISSION AND OTHER DISCOUNTS AFFORDED ALL EMPLOYEES. THE TUITION IS TREATED AS TAXABLE INCOME. A MICHIGAN FINANCE AUTHORITY 800596186 2014-11-03 5840000 CAPITAL IMPROVEMENTS 0 0 0 A 5840000 85000 5840000 2007 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 THOMAS ADAMS HEAD OF SCHOOL 36000 HOUSING ALLOWANCE X 4 12600 COST X 4572 COST X JEWELRY 2 16220 COST X ENTERTAINMENT 4 13750 COST X VACATION PACK 3 8500 COST X MISCELLANEOUS 9 7421 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, FORM 990 WILL BE REVIEWED BY THE BOARD TREASURER, HEAD OF SCHOOL, AND FINANCE COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE GIVEN THE CONFLICT OF INTEREST POLICY AT THE ANNUAL BOARD OF TRUSTEES RETREAT AND ASKED TO SIGN AND RETURN. CONFLICT OF INTEREST QUESTIONNAIRES ARE MAINTAINED BY THE HEAD OF SCHOOL OFFICE. IN THE EVENT A BOARD MEMBER HAS A CONFLICT, IT WOULD BE NOTED AND THEY WOULD BE REQUESTED TO EXCLUDE THEMSELVES FROM ANY VOTE/DISCUSSION RELATIVE TO SAID CONFLICT. ALL EMPLOYEES MUST ALSO SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES' PRESIDENT RECEIVED INFORMATION FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS COMPARING TOTAL COMPENSATION AND BENEFITS FOR THE RESPECTIVE POSITIONS AT PEER SCHOOLS. THE PRESIDENT MAKES A RECOMMENDATION TO THE BOARD FOR THEIR APPROVAL FOR THE HEAD OF SCHOOL'S COMPENSATION. THE DETERMINATION AND DECISION REGARDING COMPENSATION WAS DOCUMENTED CONTEMPORANEOUSLY IN THE EXECUTIVE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.