2023-05-15T15:24:51-05:00 2022-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2021-07-01 581224983 WHITEFIELD ACADEMY INC % TONY STOKES WHIT 6783053000 1 WHITEFIELD DRIVE MABLETON GA 30126 Kevin Bracher HEAD OF SCHOOL 6783053022 2023-05-15 true Kevin Bracher 999009999 SABRE J LINAHAN P01372980 4048746244 2023-05-15 3 2021 2023-04-26 12:10:37Z Kevin Bracher 1 WHITEFIELD DRIVE MABLETON GA 30126 38199079 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. 18 17 260 87 14975 12968 3108703 14331982 21491228 23088906 58708 57477 118632 7004 24777271 37485369 3603060 3316900 0 0 11315829 12423162 0 412500 1455450 8974583 9779036 23893472 25931598 883799 11553771 76378322 87685381 24380841 24596150 51997481 63089231 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 20763928 3316900 23058906 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 930, PK4-12. 20763928 true true false false false false false false false true true false false false false true true false true false true false false true true false false false true true true false false false false false false true false false false true false false false false false false false false true 74 0 260 true true true false false false false false false false false false false false X 18 17 false false false false false false false true true false false true true true true true true true false false GA X TONY STOKES 6783053024 1 WHITEFIELD DRIVE MABLETON GA 30126 X Kevin Bracher HEAD OF SCHOOL 50.0 0.0 X 391135 0 53652 Brian Kennerly Asst Head of External Affairs 50.0 0.0 X 140905 0 61082 Nathan Stevens Asst Head of Academic Affairs 50.0 0.0 X 139956 0 55558 Michelle Hines Director of Business Affairs 50.0 0.0 X 165082 0 12119 Mike Shaheen Director of Student Leadership 50.0 0.0 X 110760 0 54953 Maryellen Berry Lower School Principal 50.0 0.0 X 126658 0 38919 Lauren Race Director of Development 40.0 0.0 X 127453 0 35745 W Allen Bell TRUSTEE 1.0 0.0 X 0 0 0 Christopher Herschend Chair 1.0 0.0 X 0 0 0 Terena Washington Trustee 1.0 0.0 X 0 0 0 Kevin Byrne Treasurer 1.0 0.0 X 0 0 0 Allyson Watson TRUSTEE 1.0 0.0 X 0 0 0 Byron Johnson Vice Chair 1.0 0.0 X 0 0 0 John Browne Trustee 1.0 0.0 X 0 0 0 Mary Jean Brostrand Trustee 1.0 0.0 X 0 0 0 Courtney LaVallee TRUSTEE 1.0 0.0 X 0 0 0 Leslie Pearce Trustee 1.0 0.0 X 0 0 0 Chris Scott Trustee 1.0 0.0 X 0 0 0 Tony Sanacory Trustee 1.0 0.0 X 0 0 0 Peter Kantor Secretary 1.0 0.0 X 0 0 0 John Keeble Trustee 1.0 0.0 X 0 0 0 Joe Knight Trustee 1.0 0.0 X 0 0 0 David Kwon Trustee 1.0 0.0 X 0 0 0 Ricardo Lopez Trustee 1.0 0.0 X 0 0 0 Jeanne Watson Trustee 1.0 0.0 X 0 0 0 1201949 0 312028 8 false true false Sage Dining Services 222 Bosley Avenue TOWSON MD 21204 Food service 1027121 Service Fort 4153 Roswell Road Suite D-336 ATLANTA GA 30318 Janitorial 447655 Community Counseling Services PO Box 824885 PHILADELPHIA GA 19182 Development Consulta 412500 Info Tank 34 Lake Latimer Drive KENNESAW GA 30144 IT Services 354613 EKG Security Inc 401 Slayton Street VIDALIA GA 30474 Security 162200 7 138796 312004 13881182 360000 14331982 TUITION 21564995 21564995 FEE INCOME 996084 996084 AUXILIARY SERVICES 527827 527827 23088906 60061 60061 0 0 17432 2457 14975 0 14975 14975 331243 333827 -2584 -2584 -2584 68750 138796 205013 -136263 -136263 0 0 0 281840 172413 109427 109427 VENDING, CONCESSION, GATE 15040 15040 YEARBOOK REVENUE 3825 3825 18865 37485369 23198333 14975 -59921 0 3316900 3316900 0 0 533180 404718 107272 21190 0 9727189 7395272 1942177 389740 360082 259259 86420 14403 1055087 860587 166714 27786 747624 568194 149525 29905 0 10237 10237 52669 52669 0 412500 412500 26542 26542 702968 562375 105445 35148 294902 147451 61929 85522 449051 286072 140526 22453 564080 451264 84612 28204 0 1439134 1151307 215870 71957 0 0 0 94959 75967 14244 4748 0 2273768 1819015 341065 113688 195490 162256 25414 7820 FOOD SERVICE 891879 891879 ATHLETICS 728429 728429 ATHLETICS 662814 662814 ADMISSIONS & PRINCIPALS OFFICE 648258 324129 136134 187995 743856 696040 45425 2391 25931598 20763928 3712220 1455450 X 14441959 15944718 2772492 2773068 1526828 9567516 9523895 12665913 0 0 0 0 0 0 162352 176793 218986 306944 65107627 20693599 45372093 44414028 2241996 1743745 0 0 0 0 0 0 117721 92656 76378322 87685381 1136735 807432 0 0 17730064 20838718 0 0 0 0 0 0 5514042 2950000 0 0 0 0 24380841 24596150 X 47810267 47703932 4187214 15385299 51997481 63089231 76378322 87685381 11553771 -382021 -80000 X false true X true false X 5924344 8194409 2216792 3108703 14331982 33776230 0 0 5924344 8194409 2216792 3108703 14331982 33776230 3275960 30500270 72068 105355 212218 58123 60061 507825 4123 5541 17432 27096 22976 23376 18865 65217 34376368 104263366 0.88724 0.80109 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1822891 -324093 38896 1459902 1531829 418524 127462 1822891 1526464 72829 67464 1531829 1455077 71387 1526464 1459504 111692 116119 1455077 0.00000 0.89470 0.10530 false false 0 7131535 7131535 0 53638177 18444869 35193308 0 1193254 476798 716456 0 2354442 1515443 838999 0 790219 256489 533730 44414028 0 0 X 35446889 -382021 379883 -2138 35449027 26542 2009800 2036342 37485369 24355137 459883 459883 23895254 26544 2009800 2036344 25931598 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, 2019. Schedule D, Part XI, Line 2d RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH REVENUE PER RETURN: AMOUNTS INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT ON RETURN: Fundraising Event Expenses netted with Fundraising Income: $205,013 Cost of Goods Sold netted with Gross Sales of Inventory: $172,413 Bad Debt Expense included in tuition on tax return: $30,000 Rent Expenses netted with Rental Income on tax return: $2,457 ----------- $379,883 Schedule D, Part XI, Line 4b RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH REVENUE PER RETURN: AMOUNTS INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT ON RETURN: Grants netted on financials with tuition expense: $2,009,800 ------------- $2,009,800 Schedule D, Part XII, Line 2d RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN: AMOUNTS INCLUDED ON RETURN BUT NOT ON AUDITED FINANCIAL STATEMENTS: Fundraising Event Expenses netted with Fundraising Income: $205,013 Cost of Goods Sold netted with Gross Sales of Inventory: $172,413 Uncollectible Tuition & Pledges not reported on return: $80,000 Rent Expenses netted with Rental Income on tax return: $2,457 ----------- $459,883 Schedule D, Part XII, Line 4b RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN: AMOUNTS INCLUDED ON RETURN BUT NOT ON AUDITED FINANCIAL STATEMENTS: Grants netted on financials with tuition expense: $2,009,800 ------------- $2,009,800 true true true true true true true false false false false false false false false false false true 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 11030 0 0 0 0 11030 11030 false false false false false false X X X X X X true COMMUNITY COUNSELING SERVICE 527 Madison Avenue 5th Floor New York NY 10022 consulting false 12212890 412500 11800390 12212890 412500 11800390 Legends/Auction 207546 138796 68750 1000 102091 101921 0 207546 138796 68750 1000 102091 101921 205012 -136262 1 Whitefield Drive Mableton GA 30126 true TUITION ASSISTANCE 216 3316900 Book Tuition 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 X X X X X X false false false true false false false true false Kevin Bracher HEAD OF SCHOOL 303444 40000 47691 14500 39763 445398 Michelle Hines Director of Business Affairs 158310 5000 1772 8076 4233 177391 Brian Kennerly Asst Head of External Affairs 132786 5000 3119 7057 54549 202511 Nathan Stevens Asst Head of Academic Affairs 133197 5000 1759 7119 48963 196038 Lauren Race Director of Development 120720 5000 1733 6730 29539 163722 Maryellen Berry Lower School Principal 119817 5000 1841 6461 32647 165766 Mike Shaheen Director of Student Leadership 88818 5000 16942 5303 50045 166108 Schedule J, Part I, Health or Social Club Dues Social Club Dues are paid for the HEAD OF SCHOOL in order to establish relationships and generate fundraising for the capital campaign. Schedule J, Part I, 5a Compensation based on Revenue 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, 7 Non-Fixed Payments THE BONUS PAYMENT FOR the Fiscal Year 2022 TO THE HEAD OF SCHOOL WAS $40,000 based on performance. All other bonus payments for the Fiscal Year 2022 to other employees listed on Part VII for $5,000 were paid for retention. Schedule J, Part II, (D) nontaxable benefits 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 2950000 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 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. Part II, Line 1, 3, 4, and 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 $2,950,000 as of June 30, 2022. 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, 2022, the Academy was in compliance with all financial covenants. 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. employeetrustee employer/trustee on board 46475 TUITION DISCOUNT X 18 333827 FMV X Donation of Auction Facility/Tables 2 15000 FMV X School Supplies 2 11173 FMV false true true SCHEDULE M, PART I, LINE 9 NUMBER OF CONTRIBUTIONS BASED ON CONTRIBUTIONS RECEIVED. SCHEDULE M, PART I, LINE 32B WHEN STOCK CONTRIBUTIONS ARE RECEIVED BY THE SCHOOL, CHARLES SCHWAB IMMEDIATELY SELLS THE STOCK. 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. 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. 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. 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. 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. 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.