2019-01-23T07:51:33-06:00 2018-06-30 314419361 JOHN GERLACH & COMPANY LLP 37 W BROAD ST STE 800 COLUMBUS OH 43215 990 2017-07-01 314379445 THE COLUMBUS ACADEMY COLU 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 2019-01-22 JON YERIAN CPA P00575540 6142242164 2019-01-17 162.155.36.146 2019-01-22 15:19:40 ES P 19B13C9352D61912756DD69BD83BF0EF657B5B0B 19B13C9352D61912756DD69BD83BF0EF657B5B0B 2017 2019-02-21 02:37:17Z MELISSA SODERBERG 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 37463748 0 X WWW.COLUMBUSACADEMY.ORG X 1911 OH SEE SCHEDULE O 25 25 783 833 21589 20586 3108735 3975956 26444420 27507203 2128956 3011798 119430 194013 31801541 34688970 2874017 3030138 0 0 19323966 20085590 0 0 577708 9329482 10390698 31527465 33506426 274076 1182544 87749592 87948247 18051429 16459771 69698163 71488476 X SEE SCHEDULE O 0 0 26481875 3030138 26311910 COLLEGE PREPARATORY INSTRUCTION OF STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE. TOTAL ENROLLMENT IS 1,080, OF WHICH 342 ARE MINORITIES. 255 STUDENTS RECEIVE FINANCIAL AID BASED ON NEED. 1091269 1241724 SUMMER SCHOOL AND DAY CAMP PROGRAM (JUNE, JULY & AUGUST). 1,731 ATTENDED COURSES, INCLUDING KEYBOARDING, ART FROM ALL ANGLES, STUDY SKILLS, ROBOTICS, ETC. 27573144 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 783 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL MD MA NH OH WA X X MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 432300745 MR VICTOR THORNE PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MR JONATHAN KASS VICE PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MS MARY FRANCES RESTREPO SECRETARY/TRUSTEE 10.00 X X 0 0 0 MR RICHARD JEFFERS TREASURER/TRUSTEE 10.00 X X 0 0 0 MR KEVIN REEVES IMMEDIATE PAST PRESIDENT 6.00 X 0 0 0 DR RITA AGRAWAL TRUSTEE 6.00 X 0 0 0 MR KEVIN BARNEY TRUSTEE 6.00 X 0 0 0 MS SARAH MILKS BETHEL TRUSTEE 6.00 X 0 0 0 MS SANDY DOYLE-AHERN TRUSTEE 6.00 X 0 0 0 MS BETH FISHER TRUSTEE 6.00 X 0 0 0 MS CHRISTINE FREYTAG TRUSTEE 6.00 X 0 0 0 MS RONDA GAISER-POPP TRUSTEE 6.00 X 0 0 0 MS HEATHER GEIGER PACA REPRESENTATIVE 6.00 X 0 0 0 MR MICHAEL L GROSS TRUSTEE 6.00 X 0 0 0 MR ASIM Z HAQUE TRUSTEE 6.00 X 0 0 0 MR MATTHEW HARRIS TRUSTEE 6.00 X 0 0 0 MR W HENRY HAUSER TRUSTEE 6.00 X 0 0 0 MS LAUREN M HILSHEIMER ALUMNI REPRESENTATIVE 6.00 X 0 0 0 MR J KLAY HUDDLESTON TRUSTEE 6.00 X 0 0 0 MR GEORGE A SKESTOS TRUSTEE 6.00 X 0 0 0 MS SUSAN S WILLIAMS PHD TRUSTEE 6.00 X 0 0 0 MR STEVE WITTMANN TRUSTEE 6.00 X 0 0 0 MR EDWARD J YEN TRUSTEE 6.00 X 0 0 0 MS KELLY JENNINGS YEOMAN TRUSTEE 6.00 X 0 0 0 MR MATTHEW ZEIGER TRUSTEE 6.00 X 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 40.00 X 169701 0 36226 MS MELISSA SODERBERG HEAD OF SCHOOL 40.00 X 357232 0 45714 MR ERICH HUNKER ASST HEAD OF SCHOOL FOR DEVELOPMENT/EXT RELATIONS 40.00 X 167143 0 34700 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 40.00 X 130300 0 24082 MR DOUG BENNETT FACILITIES DIRECTOR 40.00 X 130086 0 21543 MS KAYETHEL MASON LOWER SCHOOL HEAD 40.00 X 121946 0 30835 MR JOHN WUORINEN DIRECTOR OF ADMISSIONS & FINANCIAL AID 40.00 X 115056 0 22278 1191464 0 215378 14 0 1 0 SAGE DINING SERVICES 1402 YORK RD STE 100 LUTHERVILLE MD 21093 DINING SERVICES 1168754 OHIO EQUITIES MANAGEMENT 605 SOUTH FRONT STREET STE 200 COLUMBUS OH 43215 MAINTENANCE SERVICES 409013 SCIOTO SERVICES LLC BIN 88604 MILWAUKEE WI 53288 CLEANING SERVICES 404651 KLAMFOTH INC 6630 HILL ROAD NW CANAL WINCHESTER OH 43110 GROUNDS KEEPING 281530 OHIO SUPPORT SERVICES PO BOX 78000 DETROIT MI 48278 SECURITY 233483 5 20753 12666 1201009 2741528 334220 3975956 TUITION & FEES 611600 25958680 25958680 SUMMER SCHOOL & DAY CAMP 611600 1241724 1241724 CARE AFTER SCHOOL, TUTORING & SPR 611600 262004 262004 ATHLETIC EVENTS 611600 44795 44795 27507203 2000254 806 1999448 895 895 67955 0 67955 67955 72 67883 3675344 55089 2693155 25734 982189 29355 1011544 7200 1004344 8725 12666 8168 557 557 50152 47721 2431 2431 OTHER INCOME 900099 76429 76429 FORFEITED ENROLLMENT DEPOSITS 611600 44000 44000 PASS-THROUGH INCOME 900099 1746 13511 -11765 122175 34688970 27553634 21589 3137791 3030138 3030138 574380 574380 14427723 11375703 2746315 305705 908932 726777 161236 20919 3095673 2867915 193940 33818 1078882 828233 229751 20898 79930 79930 55822 55822 57253 57253 314457 167549 134764 12144 342032 15346 326686 1964398 1730687 172920 60791 402069 378429 23640 1856381 1856381 235765 160138 14187 61440 264412 248697 15715 282842 282842 2426609 1950994 427083 48532 45355 45355 UNRELATED BUSINESS INCO 3725 3725 CONTRACTED SERVICES 1467911 1467911 SCHOOL EQUIPMENT R&M 302465 302465 MISCELLANEOUS EXPENSES 194935 14721 180214 94337 42933 37943 13461 33506426 27573144 5355574 577708 1081302 1487973 4846198 4369791 3680521 2184615 129470 146009 20000 250000 4259 0 973641 734571 65631501 29804297 37196583 35827204 36797335 39935601 3020283 3012483 87749592 87948247 3996323 4164652 3762948 3486936 10015790 8662629 276368 145554 18051429 16459771 X 32959924 34255743 11885792 12263656 24852447 24969077 69698163 71488476 87749592 87948247 X 1182544 554184 53585 X X 0 1 X 1 0 X 41722502 116630 3373080 1108564 752557 57253 43293838 38162516 262688 5233155 1059300 822188 54369 41722502 40207272 946850 -1236379 939532 762861 52834 38162516 41720368 804003 463089 904764 1821544 53880 40207272 35777489 1801605 5545989 817884 533848 52983 41720368 0.18360 0.57670 0.23970 0 0 2155551 2155551 55429124 24472943 30956181 8042836 5331354 2711482 3990 3990 35827204 CUSTODIAN DEPOSITS 69090 INTEREST RATE SWAP 6875 OBLIGATION UNDER CAPITAL LEASE 69589 145554 X 30562803 554184 55889 610073 29952730 4736240 4736240 34688970 29058629 161228 161228 28897401 4609025 4609025 33506426 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR FACULTY AND STAFF SALARIES, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, ATHLETICS, STUDENT NEWSPAPER, AND COMMENCEMENT AWARDS. PART X, LINE 2: THE ACADEMY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 47,721. FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 8,168. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, REPORTED ON PART IX, LINE 2 3,030,138. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 1,578,887. PASS-THROUGH INCOME ADJUSTMENT FOR TAX RETURN 127,215. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 47,721. FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 8,168. LOSS ON UNCOLLECTIBLE PLEDGES 105,339. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, REPORTED ON PART IX, LINE 2 3,030,138. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 1,578,887. PART VI, LINE 1E, COLUMN (B) - OTHER: THE AMOUNT LISTED REPRESENTS ASSETS HELD AS CONSTRUCTION IN PROCESS AT THE END OF THE YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT AFFIRMING ITS NONDISCRIMINATORY POLICY WAS PLACED IN ALL ADVERTISEMENTS, BROCHURES, NEWSPAPER ARTICLES, AND OTHER TYPES OF MEDIA MENTIONING THE SCHOOL. SCHEDULE E, PART I, LINE 6 THE COLUMBUS ACADEMY RECEIVES REIMBURSEMENT FROM THE STATE OF OHIO FOR EXPENSES INCURRED BY THE SCHOOL'S EMPLOYEES IN THE COMPLETION OF CLERICAL AND ADMINISTRATIVE DUTIES REQUIRED BY FEDERAL, STATE OR LOCAL LAWS. IN ADDITION, THE SCHOOL RECEIVES COST REIMBURSEMENT AND SUPPORT FOR TEXTBOOKS, HEALTH AND DIAGNOSTIC SERVICES, AND GUIDANCE AND COUNSELING. GOLF OUTING 21391 12666 8725 75 2158 5935 21391 12666 8725 75 2158 5935 8168 557 1 FINANCIAL AID 255 3030138 N/A N/A PART III: COLUMBUS ACADEMY SELECTS INDIVIDUALS USING NEED-BASED CRITERIA. THE POTENTIAL RECIPIENT'S FAMILY SUBMITS A PACKET OF FINANCIAL AID INFORMATION, INCLUDING PERSONAL INCOME TAX RETURNS. ONE COPY OF THE FINANCIAL AID INFORMATION IS FORWARDED TO AN INDEPENDENT AGENCY TO EVALUATE THE LEVEL OF NEED. ANOTHER COPY OF THE FINANCIAL AID INFORMATION IS EVALUATED BY THE COMMITTEE TO DETERMINE THE ELIGIBILITY FOR FINANCIAL AID BASED ON THE POTENTIAL RECIPIENT'S NEED. X 0 1 X X X X X 0 1 0 0 0 0 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 169701 0 0 0 0 0 18560 0 17666 0 205927 0 0 0 MS MELISSA SODERBERG HEAD OF SCHOOL 316047 0 0 0 41185 0 29000 0 16714 0 402946 0 0 0 MR ERICH HUNKER ASST HEAD OF SCHOOL FOR DEVELOPMENT/ 167143 0 0 0 0 0 17990 0 16710 0 201843 0 0 0 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 130300 0 0 0 0 0 7085 0 16997 0 154382 0 0 0 MR DOUG BENNETT FACILITIES DIRECTOR 130086 0 0 0 0 0 9870 0 11673 0 151629 0 0 0 MS KAYETHEL MASON LOWER SCHOOL HEAD 121946 0 0 0 0 0 13240 0 17595 0 152781 0 0 0 PART I, LINE 1A THE COLUMBUS ACADEMY PAYS FOR A SOCIAL CLUB MEMBERSHIP FOR ITS HEAD OF SCHOOL SO THAT SHE IS ABLE TO PERFORM REQUISITE VOLUNTEER AND DONOR ENTERTAINING APPROPRIATE FOR HER LEADERSHIP ROLE TO ADVANCE THE INSTITUTION. EXPENSES SHE INCURS FOR THE PERSONAL USE OF HER MEMBERSHIP ARE INCLUDED IN HER TAXABLE COMPENSATION. PART I, LINE 4B THE COLUMBUS ACADEMY MAINTAINED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR ITS HEAD OF SCHOOL, UNDER IRC 457(F). UNDER THE 457(F) PLAN, THE ORGANIZATION INCURRED AN EMPLOYER CONTRIBUTION LIABILITY OF $15,750 DURING THE YEAR. A CITY OF GAHANNA OHIO 316400492 000000000 2015-07-13 15000000 SEE PART VI 0 0 0 A 1376422 12334044 12334044 2016 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 PNC BANK NATIONAL ASSOCIATION 7.000000000000 0 0 0 0 1 A 1 PART I, LINE A, COLUMN (F): FINANCE (1) THE ACQUISITION, CONSTRUCTION, RENOVATION, INSTALLATION AND EQUIPPING OF CERTAIN CAPITAL EXPENDITURES OF THE COLUMBUS ACADEMY (THE "CORPORATION") INCLUDING, BUT NOT LIMITED TO, ADDITIONS TO AND RENOVATIONS OF CERTAIN BUILDINGS OF THE CORPORATION, FURNITURE, FIXTURES AND EQUIPMENT AND ALL NECESSARY APPURTENANCES THERETO LOCATED ON THE REAL PROPERTY LOCATED AT 4300 CHERRY BOTTOM ROAD, GAHANNA, OHIO, AND (2) CERTAIN COSTS AND EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2015 BONDS. PART II, LINE 3, COLUMN (A): THE SERIES 2015 BONDS ARE DRAW DOWN BONDS WITH A TOTAL AGGREGATE PERMISSIBLE DRAW OF $15,000,000. AS OF JUNE 30, 2018, THE CORPORATION HAS DRAWN $12,334,044 OF BONDS. PART IV, LINE 2.C, COLUMN (A): THE 2015 BONDS ARE DRAW DOWN BONDS. THE CORPORATION ONLY DRAWS UPON THE BONDS WHEN IT HAS REIMBURSABLE EXPENSES AND USES SUCH DRAWS TO EITHER IMMEDIATELY PAY SUCH EXPENSES OR TO REIMBURSE ITSELF FOR SUCH EXPENSES. BECAUSE OF THIS THERE ARE NO INVESTMENT EARNINGS ON THE SERIES 2015 BONDS AND THEREFORE NO NEED FOR REBATE. MS MELISSA SODERBERG HEAD OF SCHOOL TO COVER RELOCATION COSTS X 100000 0 0 1 1 MS MELISSA SODERBERG HEAD OF SCHOOL TO COVER EDUCATIONAL COSTS. X 250000 250000 0 1 1 250000 X 14 334220 STOCK EXCHANGE 0 1 0 FORM 990, PART I, LINE 1 THE COLUMBUS ACADEMY ASPIRES TO BE AN INCLUSIVE COMMUNITY WHERE ALL DIFFERENCES CONSISTENT WITH THE MISSION OF THE SCHOOL ARE VALUED, RESPECTED AND INTEGRATED INTO THE EDUCATION PROCESS. FORM 990, PART III, LINE 1 THE COLUMBUS ACADEMY - AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL - ENRICHES ITS ACADEMIC TRADITION OF EXCELLENCE BY VALUING A BROAD DIVERSITY OF STUDENTS AS IT SEEKS TO DEVELOP THE COMPLETE PERSON: MIND, BODY AND CHARACTER. THE SCHOOL REWARDS RIGOROUS EFFORT AND ACCOMPLISHMENT, FOSTERS COMPASSION, RESPECT AND MORAL COURAGE, AND INSISTS ON INTEGRITY, FAIR PLAY AND COMMUNITY SERVICE. THE ACADEMY STRIVES TO DEVELOP AND SUSTAIN A COMMUNITY OF THOUGHTFUL, RESPONSIBLE, CAPABLE AND CONFIDENT CITIZENS EAGER TO ENGAGE IN A PLURALISTIC AND EVER-CHANGING WORLD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. IT IS THEN E-MAILED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL, AND FORMALLY ACCEPTED BY THE FULL BOARD OF TRUSTEES AT ITS NEXT MEETING, PRIOR TO THE FORM'S SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING OF EVERY NEW FISCAL YEAR, TRUSTEES AND OFFICERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST AND ETHICS POLICY. THEY ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT DISCLOSES ANY CONFLICTS OF INTEREST, AND SUBMIT THIS SIGNED FORM TO THE ADMINISTRATION. THE ADMINISTRATION FOLLOWS UP WITH TRUSTEES TO ENSURE THAT ALL BOARD MEMBERS SUBMIT THIS SIGNED FORM TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF HEAD OF SCHOOL COMPENSATION BY THE BOARD IS BASED UPON THE BOARD'S DETERMINATION OF THE HEAD OF SCHOOL'S PERFORMANCE AS MEASURED AGAINST THE ACADEMY'S MISSION STATEMENT AND STRATEGIC PLAN, AS WELL AS HER SATISFACTION OF PRIOR PERFORMANCE GOALS ESTABLISHED AND APPROVED BY THE BOARD'S NOMINATING AND GOVERNANCE COMMITTEE OR SUCH SUCCESSOR COMMITTEE, CONSIDERATION OF COMPENSATION PRACTICES OF OTHER INDEPENDENT SCHOOLS, AND SUCH OTHER FACTORS DEEMED REASONABLE AND APPROPRIATE BY THE BOARD. COMPENSATION OF OTHER KEY EMPLOYEES OR OFFICERS IS BASED UPON PERFORMANCE AND COMPARATIVE INFORMATION FROM OTHER INDEPENDENT SCHOOLS AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORMS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FURTHER, THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION THROUGH ANOTHER'S WEBSITE, WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PASS-THROUGH INCOME ADJUSTMENT FOR TAX RETURN -127,215. FASB 158 ADJUSTMENT 286,139. LOSS ON UNCOLLECTIBLE PLEDGES -105,339. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE AND AUDIT COMMITTEE THAT OVERSEES THE AUDIT. FURTHER, THIS COMMITTEE INTERVIEWS CANDIDATES FOR THE AUDIT FIRM AND MAKES A RECOMMENDATION BASED ON THIS PROCESS TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES PASSES A RESOLUTION SELECTING THE EXTERNAL AUDITORS. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.