2022-06-15T12:31:46-05:00 2021-07-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2020-08-01 580566206 THE WESTMINSTER SCHOOLS INC WEST 4043558673 1424 WEST PACES FERRY ROAD NW ATLANTA GA 30327 ANTOINETTE M BOYD VP OF FINANCE & OPS. 4043558673 2022-06-14 1 ANTOINETTE BOYD 999009999 MARY JO ALEXANDER P00002534 7709558600 2022-06-14 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEITH A EVANS 1424 WEST PACES FERRY ROAD NW ATLANTA GA 30327 110447328 0 X WWW.WESTMINSTER.NET X 1920 GA CHRISTIAN, INDEPENDENT DAY SCHOOL FOR BOYS AND GIRLS, WHICH SEEKS TO DEVELOP THE WHOLE PERSON FOR COLLEGE AND FOR LIFE THROUGH EXCELLENT EDUCATION. 32 30 767 725 -705817 0 14667230 30548733 57255802 61631024 3885767 6951665 1691846 578429 77500645 99709851 6295291 5668477 0 0 47584792 49578678 59030 8650 3895712 20772126 29645206 74711239 84901011 2789406 14808840 505705448 596739021 162870426 164073886 342835022 432665135 X WESTMINSTER IS A CHRISTIAN, INDEPENDENT DAY SCHOOL FOR BOYS AND GIRLS, WHICH SEEKS TO DEVELOP THE WHOLE PERSON FOR COLLEGE AND FOR LIFE THROUGH EXCELLENT EDUCATION. 0 0 68377623 5668477 58550882 ELEMENTARY & SECONDARY EDUCATION, GENERAL ORDER: THE SCHOOL ENROLLED 1896 STUDENTS IN THE YEAR ENDED JULY 31, 2021 WITH 37% MINORITY ENROLLMENT. LOW CLASS SIZE ENCOURAGES ACADEMIC ACHIEVEMENTS REFLECTED BY STUDENTS' ACCOMPLISHMENTS INCLUDING 29 NATIONAL MERIT FINALISTS, 29 SEMIFINALISTS AND 36 COMMENDED STUDENTS. THE MOST RECENT SAT RANGE FOR THE MIDDLE 50% OF THE SENIOR CLASS WAS 1340-1530. THE SCHOOL'S FACULTY, WITH 197 ADVANCED DEGREES, REPRESENTS AN INTEGRAL COMPONENT OF EACH STUDENT'S EDUCATION. ANOTHER SIGNIFICANT COMPONENT OF THEIR EDUCATION IS THE SCHOOL'S 3 LIBRARIES WHICH HOUSE 80,771 VOLUMES. WESTMINSTER'S STUDENTS' INTERESTS EXTEND BEYOND ACADEMICS, AND INCLUDE ATHLETIC PURSUITS, ARTISTIC ACCOMPLISHMENTS, AND COMMUNITY SERVICE. IN THE 2020-2021 SCHOOL YEAR, THE SCHOOL WON 10 STATE CHAMPIONSHIPS IN ATHLETIC COMPETITIONS, WITH 68% OF UPPER SCHOOL AND 68% OF MIDDLE SCHOOL STUDENTS INVOLVED IN ATHLETIC ACTIVITIES. THE ARTS ARE HISTORICALLY VERY STRONG AT WESTMINSTER. OVER 59% OF STUDENTS IN THE MIDDLE SCHOOL AND 33% OF STUDENTS IN THE UPPER SCHOOL PARTICIPATE IN THE PERFORMING ARTS. THE BAND, ORCHESTRA, AND CHORAL PROGRAMS HAVE A NUMBER OF OFFERINGS IN EACH DIVISION OF THE SCHOOL, AND CONSISTENTLY RECEIVE SUPERIOR RATING IN COMPETITIONS. WESTMINSTER IS DEDICATED TO THE CONCEPT OF COMMUNITY SERVICE AND STUDENTS HAVE A STRONG TRADITION OF INVOLVEMENT IN THEIR SCHOOL AND THE WIDER COMMUNITY. MOST STUDENTS PARTICIPATE IN VOLUNTARY COMMUNITY SERVICE. ALL DIVISIONS OF THE SCHOOL PARTICIPATE IN SERVICE OPPORTUNITIES THROUGHOUT THE SCHOOL YEAR. THROUGH ITS ENDOWMENT, WESTMINSTER HAS BEEN ABLE TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS WHO WOULD OTHERWISE NOT BE ABLE TO PARTICIPATE IN PRIVATE EDUCATION. IN THE 2020-2021 SCHOOL YEAR, 12% OF THE STUDENTS RECEIVED NEED-BASED FINANCIAL AID WHICH MADE ATTENDANCE AT WESTMINSTER POSSIBLE. FOOD SERVICES PROVIDES 2,408 LUNCHES EACH DAY FOR STUDENTS, FACULTY AND STAFF, PLUS A NUMBER OF ADDITIONAL MEALS AT EVENTS AT THE SCHOOL. 2595097 3080142 STUDENT SERVICE PROGRAMS: WESTMINSTER AUXILIARY ENTERPRISES PROVIDE PROGRAMS AND SERVICES WHICH AUGMENT THE SCHOOL'S EDUCATIONAL OBJECTIVES. WESTMINSTER'S SUMMER PROGRAMS OFFER A WIDE VARIETY OF OPPORTUNITIES THROUGH ITS 38 IN-PERSON CAMP OFFERINGS TO 2962 WESTMINSTER AND NON-WESTMINSTER STUDENTS AGES 4-16. WESTMINSTER ELEMENTARY SCHOOL'S AFTER-SCHOOL PROGRAM, ASK!, SERVICES APPROXIMATELY 86 STUDENTS. STUDENTS MAY CHOOSE TO PARTICIPATE IN MINI-COURSES IN A VARIETY OF SUBJECT AREAS INCLUDING ACADEMICS, ARTS AND ATHLETICS DURING REGULAR PROGRAM HOURS. WESTMINSTER'S NURSERY SERVICES 125 STUDENTS BETWEEN THE AGES OF SIX WEEKS AND FOUR YEARS AND IS AVAILABLE FOR BOTH WESTMINSTER AND NON-WESTMINSTER STUDENTS. THE CURRICULUM IS DESIGNED TO DEVELOP AND SUSTAIN EACH CHILD'S NATURAL CURIOSITY TO INSPIRE A LIFELONG LOVE FOR LEARNING. 70972720 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 1 109 0 1 767 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA GA X KIM AVERY 4048013486 1424 WEST PACES FERRY ROAD ATLANTA GA 303272428 KEITH A EVANS PRESIDENT AND CEO/BOARD MEMBER 55.00 0.00 X X 689485 0 142199 ANTOINETTE M BOYD CFO 55.00 0.00 X 327032 0 89219 EMILIE R HENRY VP FOR INSTT'L ADVANCEMENT 55.00 0.00 X 283702 0 114081 DANETTE MORTON HEAD OF MIDDLE SCHOOL 55.00 0.00 X 191750 0 125442 TIMOTHY D DOWNES DIRECTOR OF ATHLETICS 55.00 0.00 X 172606 0 114394 CINDY L TRASK HEAD OF UPPER SCHOOL 55.00 0.00 X 223077 0 55618 WHITCLIFF A MCKNIGHT HEAD OF LOWER SCHOOL 55.00 0.00 X 185058 0 52897 TORREY WILLIAMS CHIEF INFORMATION OFFICER 55.00 0.00 X 187342 0 45525 MARY SHIVERS O'GARA BOARD SECRETARY 55.00 0.00 X 73710 0 22384 JOEL T MURPHY CHAIR- BOARD OF TRUSTEES 3.00 0.00 X X 0 0 0 ELIZABETH KILCULLEN BLAKE VICE CHAIR- BOARD OF TRUSTEES 3.00 0.00 X X 0 0 0 MARILYN S BLACK TRUSTEE 3.00 0.00 X 0 0 0 ROSALIND BREWER TRUSTEE 3.00 0.00 X 0 0 0 J DONALD CHILDRESS TRUSTEE 3.00 0.00 X 0 0 0 MICHAEL J EGAN TRUSTEE 3.00 0.00 X 0 0 0 JACK N HALPERN TRUSTEE 3.00 0.00 X 0 0 0 SCOTT D HAWKINS TRUSTEE 3.00 0.00 X 0 0 0 KATHARINE W KELLEY TRUSTEE 3.00 0.00 X 0 0 0 STEPHEN S LANIER TRUSTEE 3.00 0.00 X 0 0 0 JANET M LAVINE TRUSTEE 3.00 0.00 X 0 0 0 SUKAI LIU TRUSTEE 3.00 0.00 X 0 0 0 DAVID M LOVE TRUSTEE 3.00 0.00 X 0 0 0 LISA OLIVETTI MCGAHAN TRUSTEE 3.00 0.00 X 0 0 0 RICHARD V MCPHAIL III TRUSTEE 3.00 0.00 X 0 0 0 ALLISON BOLCH MORAN TRUSTEE 3.00 0.00 X 0 0 0 R BRAND MORGAN TRUSTEE 3.00 0.00 X 0 0 0 FLOYD C NEWTON III TRUSTEE 3.00 0.00 X 0 0 0 THOMAS E NOONAN TRUSTEE 3.00 0.00 X 0 0 0 RAHUL PATEL TRUSTEE 3.00 0.00 X 0 0 0 WILLIAM T PLYBON TRUSTEE 3.00 0.00 X 0 0 0 KELLY A REGAL TRUSTEE 3.00 0.00 X 0 0 0 LOUISE SCOTT SAMS TRUSTEE 3.00 0.00 X 0 0 0 STEPHEN L SCHOEN TRUSTEE 3.00 0.00 X 0 0 0 S STEPHEN SELIG TRUSTEE 3.00 0.00 X 0 0 0 JEFFREY P SMALL JR TRUSTEE 3.00 0.00 X 0 0 0 C AUSTIN STEPHENS TRUSTEE 3.00 0.00 X 0 0 0 TIMOTHY P TASSOPOULOS TRUSTEE 3.00 0.00 X 0 0 0 DANA WEEKS UGWONALI TRUSTEE 3.00 0.00 X 0 0 0 D SCOTT WEIMER TRUSTEE 3.00 0.00 X 0 0 0 JAY YADAV TRUSTEE 3.00 0.00 X 0 0 0 2333762 0 761759 46 0 1 0 JE DUNN CONSTRUCTION COMPANY 1001 LOCUST ST KANSAS CITY MO 64106 CONSTRUCTION 44651205 FLIK INDEPENDENT SCHOOLS 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 2762393 ENNEAD ARCHITECTS LLP 1 WORLD TRADE CENTER 40TH FLOOR NEW YORK NY 10007 ARCHITECTURAL SERVICES 1829627 STAGE FRONT PRESENTATION SYSTEMS 6 SOUTHERN OAKS DRIVE SAVANNAH GA 31405 INFORMATION TECHNOLOGY SYSTEM 1683481 BDR PARTNERS LLC 1155 MOUNT VERNON HWY NE STE 800 ATLANTA GA 30338 CONSTRUCTION MANAGEMENT 921268 27 30548733 226996 30548733 TUITION AND FEES 611110 58338956 58338956 SUMMER PROGRAMS 611110 1556017 1556017 NURSERY 624410 1465746 1465746 OTHER PROGRAM FEES 611710 211926 211926 EXTENDED DAY PROGRAMS 624410 58379 58379 61631024 42841 -705817 748658 6281 6281 579562 353023 226539 226539 226539 16359791 168189 9612946 12491 6746845 155698 6902543 6902543 934852 759017 175835 175835 CREDIT CARD REBATE 900099 49620 49620 INSURANCE REFUND 900099 43711 43711 STUDENT ACCIDENT & OTHER INS 900099 32705 32705 50019 50019 176055 99709851 61631024 -705817 8235911 5668477 5668477 1710144 1368532 341612 124970 124970 37786025 33233267 2542514 2010244 2373262 2010396 241259 121607 4806129 4153896 366320 285913 2778148 2342218 271955 163975 119330 119330 183099 183099 8650 8650 1154042 1154042 1251734 832607 413257 5870 349701 4094 2940 342667 3538303 3089655 317635 131013 1491614 1024819 348312 118483 1405768 1381219 18044 6505 392809 372461 8629 11719 857002 498172 85160 273670 1687607 1656462 23378 7767 8101747 7960261 103994 37492 887817 88098 799719 REPAIRS & MAINTENANCE 3891341 3854510 28511 8320 FOOD 2449819 2449819 BAD DEBT EXPENSE 1474116 1474116 MEMBERSHIP DUES 304241 159039 133218 11984 105116 68280 28615 8221 84901011 70972720 10032579 3895712 1149815 900762 85049431 19389663 13585307 24840195 2552751 2344635 450632 706521 1045114 1068596 280389519 106789292 139354783 173600227 35151823 63917701 226362802 308788323 1002990 1182398 505705448 596739021 18918204 14083339 33510978 39576912 109953496 109971866 487748 441769 162870426 164073886 X 163226741 198493143 179608281 234171992 342835022 432665135 505705448 596739021 X 14808840 74813848 207425 X X 0 1 X 1 0 X 10444623 56775 20913875 14667230 30548733 76631236 10444623 56775 20913875 14667230 30548733 76631236 22296084 54335152 1165219 49705 1030386 604570 628684 3478564 1160135 16925 1122694 1926512 934852 5161118 85270918 284642468 0.63720 0.79130 X SCHEDULE A, PART II SECTION A THE WESTMINSTER SCHOOLS ARE COMPLETING SCHEDULE A PART II IN ORDER TO UTILIZE THE SPECIAL RULE ON 990 SCHEDULE B. SCHEDULE B IDENTIFIES THAT THE SPECIAL RULE MAY BE UTILIZED BY ORGANIZATIONS THAT MET THE 33 1/3% SUPPORT TEST AND CHECKED THE BOX ON SCHEDULE A PART II LINE 13, 16A, OR 16B. THE WESTMINSTER SCHOOLS MET THE 33 1/3% SUPPORT TEST FOR THE FISCAL YEAR ENDED JULY 31, 2021 AND HAVE CHECKED THE BOX ON SCHEDULE A PART II, LINE 16A. SCHEDULE A, PART II - OTHER INCOME SCHEDULE A, PART II INCLUDES THE SHORT-PERIOD RETURN FOR 7/1/18-7/31/18. THE TAX YEARS INCLUDED IN THE SCHEDULE A, PART II CALCULATION INCLUDES TAX YEARS ENDING 7/31/21, 7/31/20, 7/31/19, 7/31/2018 AND 6/30/18. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 260868017 903376 79431038 2234778 10515284 328452369 272416395 1843161 8849443 2105047 20135935 260868017 271943396 1707185 11471385 2053842 10651729 272416395 266595835 58775 5288686 271943396 259764163 1122739 17189701 1963460 9526208 266586935 0.38000 0.28000 0.34000 0 0 9603561 9603561 186387871 66024046 120363825 33115245 6974094 26141151 45112193 32510199 12601994 6170649 1280953 4889696 173600227 PRIVATE EQUITY FUNDS 308719342 F REAL ESTATE FUNDS 68981 F 308788323 AGENCY ACCOUNTS 441769 441769 X 167546529 74813848 -6935168 67878680 99667849 1154042 -1112040 42002 99709851 77716416 1112040 1112040 76604376 1154042 7142593 8296635 84901011 PART V, LINE 4: THE PREEMINENT FUNCTION OF THE WESTMINSTER SCHOOLS ENDOWMENT FUND IS TO PROVIDE FINANCIAL RESOURCES TO HELP UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS AND TO ENHANCE THE FINANCIAL WELL-BEING OF THE WESTMINSTER SCHOOLS. PART X, LINE 2: THE SCHOOL IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE SCHOOL PROVIDES FOR INCOME TAXES BASED ON FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES WHICH ESTABLISHES THE CRITERION THAT AN INDIVIDUAL TAX POSITION HAS TO MEET FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO DETERMINE THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE TAX POSITION FOLLOWING AN AUDIT. THE SCHOOL HAS APPLIED THIS CRITERION TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATION REMAINS OPEN. TAX YEARS OPEN TO EXAMINATION BY TAX AUTHORITIES UNDER THE STATUTE OF LIMITATIONS INCLUDE FISCAL 2018 - 2020. THE SCHOOL HAS DETERMINED THAT ITS TAX POSITIONS SATISFY THE MORE LIKELY THAN NOT CRITERION AND THAT NO PROVISION FOR INCOME TAXES IS REQUIRED AT JULY 31, 2021 OR JULY 31, 2020. THE SCHOOL'S POLICY IS TO RECORD INTEREST AND PENALTIES, IF ANY, RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. FOR THE YEARS ENDED JULY 31, 2021 AND 2020 NO SUCH INTEREST AND PENALTIES WERE RECORDED. THE SCHOOL FILES FORM 990 AND 990-T IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF GEORGIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN THE VALUE OF SPLIT INTEREST AGREEMENTS 80,916. DECREASE IN CSV -5,499. FINANCIAL AID EXPENSE TREATED AS CONTRA REVENUE ON FINANCIALS -5,668,477. BAD DEBT CONTRA REVENUE ON PRIOR YEAR PLEDGES -1,474,116. RECOVERY OF PRIOR YEAR UNCOLLECTIBLE PLEDGES 132,008. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE COGS CONTRA REVENUE -759,017. RENTAL EXPENSES CONTRA REVENUE -353,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS RECLASSED TO STATEMENT OF ACTIVITIES 759,017. RENTAL EXPENSE RECLASSED TO STATEMENT OF ACTIVITIES 353,023. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE ON PRIOR YEAR PLEDGES 1,474,116. FINANCIAL AID 5,668,477. 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 WESTMINSTER SCHOOLS, AN INCLUSIVE EDUCATIONAL AND SPIRITUAL COMMUNITY, EMBRACES AND VALUES THE UNIQUE QUALITIES AND TRAITS OF EACH OF ITS MEMBERS. WE RECOGNIZE THAT AN INFORMED UNDERSTANDING OF ONE'S OWN IDENTITY NOT ONLY CONTRIBUTES TO THE DEVELOPMENT OF A HEALTHY, EMPOWERED YOUNG ADULT BUT ALSO ENHANCES THE LEARNING EXPERIENCE FOR EACH AND EVERY MEMBER OF THE COMMUNITY. CONSEQUENTLY, WE CELEBRATE OUR GROWING DIVERSITY THROUGH PROTECTION AND EXPLORATION OF INDIVIDUAL DIFFERENCE ARTICULATED ALONG A WIDE SPECTRUM THAT INCLUDES, BUT CERTAINLY IS NOT LIMITED TO RACE, CLASS, GENDER, RELIGION, AND SEXUAL ORIENTATION. THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE SCHOOL'S WEBSITE (HTTPS://WWW.WESTMINSTER.NET/EQUITY-INCLUSION), PRINTED MATERIAL PROVIDED TO EVERY PROSPECTIVE STUDENT, AND IN ANY LOCAL NEWSPAPER OR NATIONAL MAGAZINE IN WHICH THE SCHOOL PLACES AN ADVERTISEMENT. 1 STUDENT TUITION AND FEES 234 5668477 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S THE ORGANIZATION PROVIDES FINANCIAL AID TO STUDENTS ATTENDING THE SCHOOL AND THE AMOUNT PROVIDES FOR TUITION AND FEES. THE GRANTS ARE TREATED AS A REDUCTION OF REVENUE AND ARE APPLIED DIRECTLY TO TUITION. NO FORMAL MONITORING PROCESS IS NECESSARY BECAUSE RECIPIENTS DO NOT HAVE CONTROL OF THE FUNDS. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 KEITH A EVANS PRESIDENT AND CEO/BOARD MEMBER 589698 0 59000 0 40787 0 56900 0 85299 0 831684 0 0 0 ANTOINETTE M BOYD CFO 295054 0 31271 0 707 0 16900 0 72319 0 416251 0 0 0 EMILIE R HENRY VP FOR INSTT'L ADVANCEMENT 243363 0 26883 0 13456 0 15706 0 98375 0 397783 0 0 0 DANETTE MORTON HEAD OF MIDDLE SCHOOL 191044 0 0 0 706 0 12461 0 112981 0 317192 0 0 0 TIMOTHY D DOWNES DIRECTOR OF ATHLETICS 163965 0 0 0 8641 0 10168 0 104226 0 287000 0 0 0 CINDY L TRASK HEAD OF UPPER SCHOOL 195595 0 10000 0 17482 0 12457 0 43161 0 278695 0 0 0 WHITCLIFF A MCKNIGHT HEAD OF LOWER SCHOOL 167616 0 0 0 17442 0 16457 0 36440 0 237955 0 0 0 TORREY WILLIAMS CHIEF INFORMATION OFFICER 171735 0 15000 0 607 0 11267 0 34258 0 232867 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL, SELECTED MEMBERS OF THE SCHOOL MANAGEMENT TEAM ARE REQUIRED TO RESIDE IN HOUSING LOCATED ON THE CAMPUS. BASED UPON THE FACTS AND CIRCUMSTANCES OF THE REQUIREMENTS OF THEIR RESPECTIVE ROLES AND RESPONSIBILITIES AT THE SCHOOL, IT IS MANAGEMENT'S POSITION THAT THE HOUSING IS NON-TAXABLE TO CERTAIN EMPLOYEES. THE CIRCUMSTANCES OF THE HOUSING BENEFIT ARE REVIEWED ON AN ANNUAL BASIS TO DETERMINE IF THE EXCLUSION UNDER SECTION 119 IS APPLICABLE. DURING THE 2020 CALENDAR YEAR, THE SCHOOL PROVIDED $236,084 IN NON TAXABLE HOUSING COMPENSATION TO EMPLOYEES LISTED ON PART VII AND SCHEDULE J PART II; $107,327 TO TWO OFFICERS, $45,697 TO ONE KEY EMPLOYEE AND $83,060 TO THREE OF THE 5 HIGHEST PAID EMPLOYEES. IN ADDITION, TWO HIGHLY COMPENSATED EMPLOYEES WERE PROVIDED A TAXABLE BENEFIT, OF $33,600 WHICH IS INCLUDED IN THEIR W-2 AND REFLECTED IN COLUMN B(III). TRAVEL FOR COMPANIONS THE SCHOOL PAYS FOR TRAVEL AND RELATED PROFESSIONAL BUSINESS EXPENSES WHEN THE PRESIDENT'S SPOUSE ACCOMPANIES THE PRESIDENT ON SCHOOL RELATED EVENTS INCLUDING (A) ALUMNI EVENTS, (B) FUNDRAISING, (C) STUDENT PERFORMANCES AND TRIPS AS WELL AS (D) PROFESSIONAL EDUCATIONAL ACTIVITIES, WHICH REQUIRE THE SPOUSE TO ATTEND. THE PRESIDENT AND SPOUSE'S ATTENDANCE AT THESE EVENTS ON BEHALF OF THE SCHOOL ARE DEEMED AS INTEGRAL AND ARE REQUIRED TO REPRESENT THE SCHOOL AT THOSE EVENTS. IT IS MANAGEMENT'S POSITION THAT THE SPOUSAL TRAVEL IS NON-TAXABLE TO THE EMPLOYEE. PERSONAL SERVICES THE SCHOOL PROVIDED HOUSEKEEPING SERVICES FOR THE PUBLIC AREAS OF PRESIDENT EVAN'S ON CAMPUS RESIDENCE DURING THE ACADEMIC YEAR FOR SPECIAL EVENTS AND MEETINGS IN THE RESIDENCE. IT IS MANAGEMENT'S POSITION THAT THESE AMENITIES ARE NON-TAXABLE TO THE EMPLOYEE. COMPENSATION REPORTED FOR THE PRESIDENT, COLUMN B(III) INCLUDES ADDITIONAL TAXABLE WAGES PROVIDED TO HIM TO COVER CERTAIN PERSONAL EXPENSES THAT HE MAY INCUR. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE SCHOOL SPONSORS A NON-QUALIFIED 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. UNDER THE NON-QUALIFIED 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, THE SCHOOL'S CONTRIBUTION WHICH IS BASED UPON A PREDETERMINED SCHEDULE AS WELL AS THE PERFORMANCE OF THE PRESIDENT IS ANNUALLY APPROVED BY THE SCHOOL'S BOARD OF TRUSTEES. THE CONTRIBUTIONS AND EARNINGS THEREIN ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. THE FOLLOWING AMOUNTS WERE PAID OR VESTED FOR CALENDAR YEAR 2020. KEITH EVANS $40,000 A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2020-04-29 110500000 SEE PART VI 0 1 0 A 110515933 441959 89924767 20149207 2021 1 1 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 PART I, LINE B(F) TOTAL PROCEEDS FROM THE BOND ISSUE INCLUDE BOND PROCEEDS OF $110,500,000 AND INVESTMENT INCOME EARNED FROM THE ESCROW ACCOUNT OF $15,933. THE SCHOOL ISSUED SERIES 2020 REVENUE BONDS ON APRIL 29, 2020 TO FINANCE VARIOUS CONSTRUCTION PROJECTS INCLUDING THE RENOVATION OF AND ADDITION TO ACADEMIC BUILDINGS, THE ADDITION OF A PARKING DECK, THE REMOVATION OF THE FOOTBALL STADIUM AND NEW ADJOINING PEDESTRIAN PLAZA, THE ADDITION OF A MULTIPURPOSE BUILDING AS WELL AS OTHER FACILITIES AND INFRASTRUCTURE IMPROVEMENTS. PROCEEDS FROM THE BOND ISSUE ALSO REPAID THE PRINCIPAL BALANCE OF THE 2003 BONDS AND A LINE OF CREDIT. PART II, LINE 3, COLUMN A TOTAL PROCEEDS FROM THE BOND ISSUE INCLUDE BOND PROCEEDS OF $110,500,000 AND INVESTMENT EARNINGS FROM THE ESCROW ACCOUNT OF $15,933. 31500 FINANCIAL AID TUITION ASSISTANCE JEFFREY PSMALL JR BOARD TRUSTEE 124970 COMPENSATION OF A FAMILY MEMBER 0 X 58 226996 FMV 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: US BANK SELLS STOCK AS SOON AS RECEIVED FORM 990, PART VI, SECTION A, LINE 1 FORM 990 POWERS OF THE EXECUTIVE COMMITEE THE EXECUTIVE COMMITTEE SHALL DECIDE ALL QUESTIONS AFFECTING THE INTERESTS OF THE SCHOOL WHICH MAY BE BROUGHT BEFORE IT BETWEEN MEETINGS OF THE BOARD, IN MATTERS CONSISTENT WITH PREVIOUS DECISIONS AND EXISTING POLICIES OF THE BOARD. NO COMMITTEE, INCLUDING THE EXECUTIVE COMMITTEE, SHALL HAVE THE POWER TO AUTHORIZE ANY DISTRIBUTION OF ASSETS, INCOME OR PROPERTY TO TRUSTEES OR OFFICERS OF THE SCHOOL (OTHER THAN AS A PAYMENT OF INDEMNIFICATION OR REASONABLE COMPENSATION, FEES OR EXPENSES INCURRED IN THE PERFORMANCE OF DUTIES ON BEHALF OF THE SCHOOL); APPROVE THE DISSOLUTION, MERGER OR SALE, PLEDGE, OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE SCHOOL; ELECT, APPOINT OR REMOVE TRUSTEES OR FILL VACANCIES ON THE BOARD OF TRUSTEES, OR ANY OF ITS COMMITTEES; ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS SUBJECT TO MULTIPLE LEVELS OF REVIEW. IT IS FIRST REVIEWED BY THE CONTROLLER AND VICE PRESIDENT FOR FINANCE AND OPERATIONS, AND THEN REVIEWED BY THE AUDIT COMITTEE AND PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANNUALLY BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE PROVIDED A COPY OF THE SCHOOL'S CONFLICT OF INTEREST POLICIES INCLUDING REQUIRED DISCLOSURES. THE SECRETARY OF THE BOARD COLLECTS THE RESPONSES FOR REVIEW. IDENTIFIED CONFLICTS AND POTENTIAL CONFLICTS ARE EVALUATED AND DISCLOSED AS REQUIRED ON FORM 990. IN THE CASE OF A BOARD VOTE, PARTIES WITH CONFLICTS ARE EXCUSED. FOR EMPLOYEES, PER THE EMPLOYEE CODE OF CONDUCT AND ETHICS ENUMERATED IN THE EMPLOYEE HANDBOOK, EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING ANY POTENTIAL CONFLICTS TO THE PRESIDENT. CONFLICTS INVOLVING THE PRESIDENT ARE REPORTED DIRECTLY TO THE BOARD OF TRUSTEES. THE PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION USES A PERSONNEL COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY BOARD TO DETERMINE COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND VICE PRESIDENT FOR FINANCE AND OPERATIONS/TREASURER. THE COMPENSATION REVIEW PROCESS FOR KEY EMPLOYEES REPORTED ON THE 990 INCLUDES REVIEW BY THE PRESIDENT, VICE PRESIDENT FOR FINANCE AND OPERATIONS, AND COMPENSATION COMMITTEE, AS WELL AS COMPARATIVE DATA FROM SURVEYS FROM LIKE INSTITUTIONS AND AN EXECUTIVE COMPENSATION CONSULTANT. THE FINAL COMPENSATION DETERMINATIONS ARE DOCUMENTED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUE OF SPLIT INTEREST AGREEMENTS 80,916. DECREASE IN CSV -5,499. RECOVERY OF UNCOLLECTIBLE PLEDGES 132,008. FORM 990, PART XII, LINE 2C THE SCHOOL SELECTED A NEW INDEPENDENT AUDIT FIRM FOR THE YEAR ENDED JULY 31, 2021. ODYSSEY INC 1424 WEST PACES FERRY ROAD NW ATLANTA GA 30327 582537795 SUPPORT ORG GA 501(C)(3) LINE 12A, I THE WESTMINSTER SCHOOLS INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 ODYSSEY INC N 123210 FMV ODYSSEY INC Q 542021 COST