2022-02-25T16:44:01-06:00 2021-06-30 620963442 FOUTS & MORGAN CPAS 1715 AARON BRENNER DR STE 700 MEMPHIS TN 381201471 990 2020-07-01 620726245 FAYETTE ACADEMY FAYE 9014653241 P O BOX 130 SOMERVILLE TN 38068 DAVID WHITENTON TREASURER 9014653241 2022-02-25 1 DAVID WHITENTON 999009999 GARY D PURDY CPA P00481587 9017612110 2022-02-25 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID WHITENTON 15090 HWY 64 SOMERVILLE TN 38068 5805412 0 X WWW.FAYETTEACADEMY.COM X 1965 TN FAYETTE ACADEMY IS A COLLEGE PREPARATORY SCHOOL BASED ON CHRISTIAN BELIEFS AND IS DEDICATED TO PROVIDING A QUALITY EDUCATION FOR STUDENTS IN PRE-K TO GRADE TWELVE. THE SCHOOL IS COMMITTED TO THE DEVELOPMENT OF EACH STUDENT WITH EMPHASIS PLACED ON ACADEMIC, PERSONAL, MORAL, SOCIAL, AND PHYSICAL DEVELOPMENT IN A SAFE ENVIRONMENT. 15 15 120 20 0 0 105260 180366 4871813 4650888 2797 4383 787190 661205 5767060 5496842 0 0 0 0 3200209 3289283 0 0 24763 2072176 2004958 5272385 5294241 494675 202601 8026856 8858153 7176599 7805295 850257 1052858 TO PROVIDE CO-EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES TO STUDENTS FROM PRE-KINDERGARTEN TO 12TH GRADE. 0 0 3177864 5304583 TO PROVIDE CO-EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES TO STUDENTS FROM PRE-KINDERGARTEN TO 12TH GRADE. 3177864 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 120 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 TN X FAYETTE ACADEMY 9014653241 15090 HIGHWAY 64 SOMERVILLE TN 38068 X BILL RHEA CHAIRMAN 4.00 X X 0 0 0 BLAKE NEILL VICE CHAIRMAN 4.00 X X 0 0 0 DAVID WHITENTON TREASURER 4.00 X X 0 0 0 JAN COSSAR SECRETARY 4.00 X X 0 0 0 ALEX ARMOUR DIRECTOR 4.00 X 0 0 0 JONATHAN CROOK DIRECTOR 4.00 X 0 0 0 BRIAN K CULVER DIRECTOR 4.00 X 0 0 0 RONALD JENKINS DIRECTOR 4.00 X 0 0 0 LORI PAYNE DIRECTOR 4.00 X 0 0 0 MARJORY WALKER DIRECTOR 4.00 X 0 0 0 DALE BURNS DIRECTOR 4.00 X 0 0 0 ELLEN DEFOOR DIRECTOR 4.00 X 0 0 0 ELLIS WHITE DIRECTOR 4.00 X 0 0 0 TOM MINOR DIRECTOR 4.00 X 0 0 0 COURTNEY BURNETTE HEAD OF SCHOOL 40.00 X 107100 0 3768 107100 0 3768 1 0 0 0 BLUE CROSS BLUE SHIELD 225 N MICHIGAN AVE CHICAGO IL 60601 INSURANCE 211440 FAYETTE JANITORIAL SERVICE PO BOX 866 SOMERVILLE TN 38068 CLEANING AND MAINTENANCE 165600 APPLE FINANCIAL 2031 WEST ST GERMANTOWN TN 38138 TECHNOLOGY 134911 CHICKASAW ELECTRIC 17970 US-64 SOMERVILLE TN 38068 UTILITIES 104254 TECHNOLOGY LAB 6000 POPLAR AVE SUITE 250 MEMPHIS TN 38119 TECHNOLOGY 103669 5 180366 180366 TUITION AND FEES 611600 4471302 4471302 SCHOOL ATHLETICS 611710 152569 152569 SCHOOL ORGANIZATIONS 611710 27017 27017 4650888 4383 4383 63043 90683 -27640 -27640 253037 217887 35150 35150 PPP FUNDS FORGIVEN 611600 630603 630603 MISCELLANEOUS INCOME 611600 23092 23092 653695 5496842 5304583 0 11893 2974676 2550710 423966 69251 69251 24003 24003 221353 189088 32265 13225 13225 3887 3887 215883 215883 211512 211512 62977 62977 429734 429734 258497 258497 ATHLETICS 308105 308105 CONTRACTED SERVICES 169875 169875 EQUIPMENT RENTAL AND MA 91536 91536 MISCELLANEOUS 79078 5840 48475 24763 160649 124121 36528 5294241 3177864 2091614 24763 196537 43632 1275748 2311705 1873160 2109439 10608278 6214901 4681411 4393377 8026856 8858153 10069 6811 4195534 4934901 2578844 2397296 392152 466287 7176599 7805295 X 720257 816748 130000 236110 850257 1052858 8026856 8858153 202601 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171920 171920 7749461 3927876 3821585 2686897 2287025 399872 4393377 ACCRUED PAYROLL 256455 STUDENT ACTIVITY AND AUXILLARY SERV 132899 WITHHOLDINGS 35605 ACCRUED INTEREST 41328 466287 X 5805412 308570 308570 5496842 0 5496842 5602811 308570 308570 5294241 0 5294241 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED UPON ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. THE SCHOOL HAS FILED RETURNS WITH THE INTERNAL REVENUE SERVICE AND CONSIDERS THIS TO BE ITS MAJOR TAX JURISDICTION. CURRENTLY, THE PAST THREE TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 217,887. FUNDRAISING EXPENSES 90,683. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 217,887. FUNDRAISING EXPENSES 90,683. 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 SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY IS ADVERTISED THROUGH LOCAL NEWSPAPERS, MAGAZINES AND OTHER PRINTED MEDIA. IN ADDITION, THIS POLICY IS DISCLOSED ON THE SCHOOL'S INTERNET WEB-SITE. ATHLETIC BOOSTERS 6000 6000 26830 BAND BOOSTERS 38031 38031 46086 2 19012 19012 17767 63043 63043 90683 90683 -27640 FACULTY AND STAFF EMPLOYEE 39000 TUITION REMISSION DALE BURNS DIRECTOR 165600 OWNER OF FAYETTE JANITORIAL. FAYETTE JANITORIAL PROVIDES THE JANITORIAL SERVICES AND IS ONE OF THE HIGHEST PAID CONTRACTORS FOR THE SCHOOL. THERE IS AN ANNUAL CONTRACT FOR THE SERVICES. 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO BEING FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST WITH SOME INFORMATION ALSO PROVIDED ON ITS WEBSITE.