2020-07-16T07:40:37-05:00 2019-06-30 420714325 RSM US LLP 100 2ND AVENUE S 600 ST PETERSBURG FL 33701 990 2018-07-01 593038365 ADMIRAL FARRAGUT ACADEMY INC ADMI 7273845503 501 PARK STREET NORTH ST PETERSBURG FL 337106743 ROBERT FINE HEADMASTER 7273845503 2020-07-15 1 BYRON C SMITH P00744293 7278216161 216.14.156.168 2020-07-15 16:46:12 CD P D5BE74269063DD9DD2054CE5799DDCCBA9BE789E D5BE74269063DD9DD2054CE5799DDCCBA9BE789E 2018 2021-01-29 14:40:06Z ROBERT FINE 501 PARK STREET NORTH ST PETERSBURG FL 337106743 12794170 0 X WWW.FARRAGUT.ORG X 1991 FL TO PROVIDE A COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND SOCIAL DEVELOPMENT WITHIN A DIVERSE COMMUNITY OF YOUNG MEN AND WOMEN. 15 15 141 100 0 0 2214108 1245739 14117234 11242132 72925 11622 94695 10271 16498962 12509764 2921096 97000 0 0 7622015 7729047 101695 22226 541908 5218612 5246802 15863418 13095075 635544 -585311 21094611 25003980 21029628 20849406 64983 4154574 TO PROVIDE A COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND SOCIAL DEVELOPMENT WITHIN A DIVERSE COMMUNITY OF YOUNG MEN AND WOMEN. 0 0 9912819 97000 11248811 EDUCATE STUDENTS GRADES KINDERGARTEN THROUGH 12 AND PREPARE THEM FOR A HIGHER LEVEL OF EDUCATION. 9912819 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 75 0 1 141 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ROBERT FINE 7273845503 501 PARK STREET NORTH ST PETERSBURG FL 337106743 CHRISTIAN WAGNER CHAIRMAN 1.00 X X 0 0 0 ART MUSICARO VICE CHAIRMAN 1.00 X X 0 0 0 E GARRETT GUMMER SECRETARY 1.00 X X 0 0 0 ANDY ALDI BOARD MEMBER 1.00 X 0 0 0 DAVID ARMS BOARD MEMBER 1.00 X 0 0 0 ASHLEY PATTERSON BEATY BOARD MEMBER 1.00 X 0 0 0 GARY DAMKOEHLER BOARD MEMBER 1.00 X 0 0 0 MIKE HAJEK BOARD MEMBER 1.00 X 0 0 0 MIKE HARRIS BOARD MEMBER 1.00 X 0 0 0 KEITH JACOBUS BOARD MEMBER 1.00 X 0 0 0 MIRELLA JAMES BOARD MEMBER 1.00 X 0 0 0 GEORGE KINEMOND BOARD MEMBER 1.00 X 0 0 0 WILLIAM ROBERTI BOARD MEMBER 1.00 X 0 0 0 DR JEAN-FRANCOIS ROSSIGNOL BOARD MEMBER 1.00 X 0 0 0 MATTHEW SOKOLOWSKI BOARD MEMBER 1.00 X 0 0 0 ROBERT FINE BOARD MEMBER & HEADMASTER 39.00 1.00 X 222600 0 28015 222600 0 28015 6 0 1 0 GILBANE BUILDING COMPANY 1751 MOUND ST S SARASOTA FL 34236 CONSTRUCTION 5737472 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICES 982690 CRITICAL INTERVENTION SERVICES 13777 BELCHER RD SOUTH LARGO FL 33771 PROTECTIVE SERVICE 183778 CONTRACT CLEANING SPECIALISTS 6494 MOCKINGBIRD LAND S CLEARWATER FL 33760 JANITORIAL SERVICE 143284 WRD CONSTRUCTION CONSULTANTS 495 OLD OAK CIRCLE PALM HARBOR FL 34683 CONSTRUCTION 119596 5 227517 198000 820222 52056 1245739 TUITION AND FEES 611600 10192354 10192354 AUXILARY REVENUES 611710 717672 717672 STUDENT ACTIVITIES & S 611710 332106 332106 11242132 10422 10422 6679 0 6679 6679 6679 1200 0 1200 1200 1200 9866 227517 108912 -99046 -99046 278132 175494 102638 102638 12509764 11248811 0 15214 97000 97000 250615 250615 6416711 4790646 1419066 206999 215326 170012 40864 4450 357537 272078 78338 7121 488858 361227 111796 15835 10541 10541 40730 40730 22226 22226 474425 363068 79169 32188 94032 94032 99713 7047 34152 58514 88202 79382 8820 829583 793802 35781 243565 97951 112068 33546 129305 123728 5577 468885 448662 20223 394699 377675 17024 FOOD 823841 823841 INSTRUCTIONAL 471502 471502 MISCELLANEOUS 434616 153064 281552 ATHLETICS 249662 249662 393501 232472 161029 13095075 9912819 2640348 541908 9841189 3664506 1787364 1760414 124813 45587 137369 171981 105650 92734 23995448 9494488 5009037 14500960 4089189 4767798 21094611 25003980 1137981 293910 5219403 5814141 11708179 11558495 2964065 3182860 21029628 20849406 X -2069625 -520328 2134608 4674902 64983 4154574 21094611 25003980 X -585311 4581733 93169 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139000 139000 16794691 4774977 12019714 3538599 1627013 1911586 3119378 2751800 367578 403780 340698 63082 14500960 BENEFICIAL INTEREST IN THE AFA FDTN. 4674902 CASH SURRENDER VALUE OF LIFE INSURANCE 92896 4767798 DUE TO FOUNDATION 3046241 STUDENT ACCOUNTS 136619 3182860 X 13228055 718291 718291 12509764 0 12509764 13813366 718291 718291 13095075 0 13095075 PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTES. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY FOLLOWS ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REALLOCATED 108,913. COGS REALLOCATED 175,494. GRANTS REALLOCATED -97,000. BAD DEBT EXPENSES NETTED AGAINST TUITION 530,884. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REALLOCATED 108,913. COGS REALLOCATED 175,494. GRANTS REALLOCATED -97,000. BAD DEBT EXPENSES NETTED AGAINST TUITION 530,884. 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 ORGANIZATION DOES PARTICIPATE WITH FLORIDA COUNCIL OF INDEPENDENT SCHOOLS "FCIS," THE STATE ACCREDITING BODY, IN A GROUP AD IN THE LOCAL NEWSPAPER WITH OTHER SCHOOLS THAT STATE THE SAME POLICY. THE INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEBSITE AND THE ADMISSIONS OFFICE. X X X X X 1 DANIEL BAKER 210 RIVERSIDE DRIVE APT 7C NEW YORK NY 10025 CAPITAL 0 486843 22226 464617 486843 22226 464617 AUCTION 222368 217388 4980 38715 22376 20000 22302 GOLF TOURNAMENT 15015 10129 4886 4886 633 237383 227517 9866 38715 4886 22376 20000 22935 108912 -99046 1 SCHOLARSHIPS 21 97000 CASH PART I, LINE 2: THE ORGANIZATION GRANTS SCHOLARSHIPS TO STUDENTS BASED ON FINANCIAL NEED. X X 0 0 0 0 0 0 0 0 0 ROBERT FINE BOARD MEMBER & HEADMASTER 222600 0 0 0 0 0 15750 0 12265 0 250615 0 0 0 A PINELLAS COUNTY EDUC FACITLITIES AUT 596000800 NONEAVAIL 2012-11-27 4303634 QUALIFIED 501(C)(3) 0 0 0 B PINELLAS COUNTY EDUC FACITLITIES AUT 596000800 NONEAVAIL 2018-01-31 8300000 QUALIFIED 501(C)(3) 0 0 0 A 4303634 2007 1 0 0 0 B 8300000 1500000 10000 2018 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 A 0 B 1 X 2 52056 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT IS PRESENTED TO THE CFO FOR REVIEW BEFORE FILING AND IS AVAILABLE TO THE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE ASKED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST AND ENFORCES THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL IS REVIEWED AND APPROVED BY BOARD ANNUALLY. COMPENSATION PROCESS FOR OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY BOARD ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH UNDER IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: BENEFICIAL CHANGE IN INTEREST 93,169. FORM 990, PART IV, LINE 12A: THE AUDITED FINANCIAL STATEMENTS HAD NOT BEEN ISSUED AT THE TIME OF FILING THIS 990. THE INTENT IS TO OBTAIN THE AUDITED FINANCIAL STATEMENTS ONCE COMPLETE FARRAGUT FOUNDATION PROPERTIES LLC 501 PARK STREET NORTH ST PETERSBURG FL 33710 RENTAL FL AFA FOUNDATION ADMIRAL FARRAGUT ACADEMY FOUNDATION 501 PARK STREET NORTH ST PETERSBURG FL 33710 311506065 SUPPORT FL 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 1 0 0 0 0 0 1 1 0 1 1 0 0 0 0 ADMIRAL FARRAGUT ACADEMY FOUNDATION C 50000 CASH ADMIRAL FARRAGUT ACADEMY FOUNDATION E 8300000 GURANTEES BOND PAYABLE ADMIRAL FARRAGUT ACADEMY FOUNDATION E 3046241 DUE TO FOUNDATION PART V, LINE 2, ITEMS N AND O: THE ACADEMY PROVIDES EMPLOYEES WHO PROVIDE SERVICES TO THE FOUNDATION, AND THE ACADEMY PROVIDES SPACE FOR USE BY THE FOUNDATION. THE FOUNDATION IS NOT CHARGED FOR THOSE EMPLOYEE SERVICES OR THE SPACE UTILIZED.