2021-01-25T14:12:43-06:00 2020-06-30 620963442 FOUTS & MORGAN CPAS 1715 AARON BRENNER DR STE 700 MEMPHIS TN 381201471 990 2019-07-01 620726245 FAYETTE ACADEMY FAYE 9014653241 P O BOX 130 SOMERVILLE TN 38068 DAVID WHITENTON TREASURER 9014653241 2021-01-21 1 GARY D PURDY CPA P00481587 9017612110 2021-01-19 2019 2022-09-23 18:48:47Z DAVID WHITENTON 15090 HWY 64 SOMERVILLE TN 38068 6124856 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 15 118 25 0 0 163215 105260 4838181 4871813 94210 2797 144929 787190 5240535 5767060 0 0 0 0 3072531 3200209 0 0 43989 2062402 2072176 5134933 5272385 105602 494675 8529986 8026856 8174404 7176599 355582 850257 TO PROVIDE CO-EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES TO STUDENTS FROM PRE-KINDERGARTEN TO 12TH GRADE. 0 0 3096877 5582876 TO PROVIDE CO-EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES TO STUDENTS FROM PRE-KINDERGARTEN TO 12TH GRADE. 3096877 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 36 0 1 118 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 GARLAND GODDARD 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 DAVID KELLEY DIRECTOR 4.00 X 0 0 0 TOM MINOR DIRECTOR 4.00 X 0 0 0 COURTNEY BURNETTE HEAD OF SCHOOL 40.00 X 105000 0 3182 105000 0 3182 1 0 0 0 TEQLEASE 23801 CALABASAS RD SUITE 101 CALABASAS CA 91302 EQUIPMENT LEASING 302924 BLUE CROSS BLUE SHIELD 225 N MICHIGAN AVE CHICAGO IL 60601 INSURANCE 187573 FAYETTE JANITORIAL SERVICE PO BOX 866 SOMERVILLE TN 38068 CLEANING AND MAINTENANCE 172675 SYSCO 4359 B F GOODRICH BLVD MEMPHIS TN 38118 FOOD SERVICE 131654 D & G CONTRACTORS 7094 US HIGHWAY 70 BARTLETT TN 38133 LANDSCAPING 117888 6 105260 105260 TUITION AND FEES 611600 4720078 4720078 SCHOOL ATHLETICS 611710 151735 151735 4871813 2797 2797 128318 98972 29346 29346 305605 258824 46781 46781 PPP FUNDS FORGIVEN 611600 664700 664700 MISCELLANEOUS INCOME 611600 46363 46363 711063 5767060 5582876 0 78924 2889841 2439639 415839 34363 70964 70964 21794 21794 217610 185965 31645 12580 12580 6940 2205 4735 131330 131330 186225 186225 23 23 86311 86311 477068 477068 247721 247721 ATHLETICS 348350 348350 CONTRACTED SERVICES 177000 177000 EQUIPMENT RENTAL AND MA 139994 139994 MISCELLANEOUS 96632 96632 162002 122923 34211 4868 5272385 3096877 2131519 43989 202675 196537 1111812 1275748 2159761 1873160 10466578 5785167 5055738 4681411 8529986 8026856 5607 10069 4661606 4195534 3095518 2578844 411673 392152 8174404 7176599 X 120582 720257 235000 130000 355582 850257 8529986 8026856 494675 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 171920 171920 7749461 3670900 4078561 2545197 2114267 430930 4681411 ACCRUED PAYROLL 200737 STUDENT ACTIVITY AND AUXILLARY SERV 126020 WITHHOLDINGS 65395 392152 X 6124856 357796 357796 5767060 0 5767060 5630181 357796 357796 5272385 0 5272385 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, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 258,824. FUNDRAISING EXPENSES 98,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 258,824. FUNDRAISING EXPENSES 98,972. 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 41479 41479 19868 BAND BOOSTERS 42221 42221 39092 2 44618 44618 40012 128318 128318 98972 98972 29346 FACULTY AND STAFF EMPLOYEE 53700 TUITION REMISSION DALE BURNS DIRECTOR 172675 OWNER OF FAYETTE JANITORIAL. FAYETTE JANITORIAL PROVIDES THE JANITORIAL SERVICES AND IS THE HIGHEST PAID CONTRACTOR FOR THE SCHOOL. THERE IS AN ANNUAL CONTRACT FOR THE SERVICES. 0 BRIAN CULVER DIRECTOR 2073 BRIAN CULVER IS ON THE BOARD. HE PROVIDES ELECTRICAL WORK FOR THE ACADEMY. HE IS NOT UNDER CONTRACT WITH THE ACADEMY. 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.