2019-01-14T06:40:59-06:00 2018-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2017-07-01 454885204 CAPSTONE EDUCATION GROUP INC CAPS 9012614384 PO BOX 22569 MEMPHIS TN 381220569 DREW SIPPEL EXECUTIVE DIRECTOR 9012614384 2019-01-09 1 RICHARD A SWOPE CPA P00590766 9016834234 2019-01-09 64.88.174.3 2019-01-09 10:18:17 CS P 403E37083FF7B7A167C368AF02A240B0DC9BD831 5293304C9363DB11D1F7A135247E4EB202C2198A 2017 2019-02-21 02:37:17Z DREW SIPPEL 320 CARPENTER STREET MEMPHIS TN 38112 15405632 0 X WWW.CORNERSTONEPREPMEMPHIS.ORG/CAPSTONE-EDUCAT X 2012 TN EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 9 9 255 150 0 0 14634243 15374128 0 0 26342 31504 0 0 14660585 15405632 0 0 0 0 10055641 10528754 0 0 16672 2465222 2687902 12520863 13216656 2139722 2188976 12515679 14288705 1603413 1187463 10912266 13101242 EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE 0 0 12953008 15405632 COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION. 12953008 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 255 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9014163640 320 CARPENTER ST MEMPHIS TN 38112 PAUL F T EDWARDS SECRETARY 2.00 X X 0 0 0 THOMAS M MARINO VICE CHAIRMAN 2.00 X X 0 0 0 ELLIOT PERRY DIRECTOR 2.00 X 0 0 0 JAY DARREN HARVILL CHAIRMAN 2.00 X X 0 0 0 MONIKA L JOHNSON DIRECTOR 2.00 X 0 0 0 CAM ECHOLS DIRECTOR 2.00 X 0 0 0 SCOTT WALKER DIRECTOR 2.00 X 0 0 0 JASON COOK DIRECTOR 2.00 X 0 0 0 OCTAVIOUS NICKSON DIRECTOR 2.00 X 0 0 0 DREW SIPPEL EXECUTIVE DIRECTOR 50.00 X 179251 0 2750 179251 0 2750 1 0 1 0 DURHAM SCHOOL SERVICES PO BOX 841879 DALLAS TX 75284 TRANSPORTATION 343479 GCA SERVICES GROUP PO BOX 534198 ATLANTA GA 30353 JANITORIAL 169233 2 14284355 1089773 15374128 31504 31504 15405632 0 0 31504 186000 152656 16672 16672 8588367 8396100 192267 675364 675364 458652 458652 620371 620371 251611 251611 29891 29891 30950 30950 615940 585143 30797 13428 13428 372 353 19 53623 50942 2681 SUPPLIES 399417 399417 CONTRACT SERVICES 370887 366347 4540 STUDENT SERVICES 291407 291407 DUES AND MEMBERSHIPS 270201 270201 360175 360175 13216656 12953008 246976 16672 7038706 8933438 2444808 2466023 818759 1034023 61990 56055 23723 23723 373 0 2151043 1799166 12515679 14288705 157967 85320 175000 175000 1270446 927143 1603413 1187463 X 10912266 13101242 10912266 13101242 12515679 14288705 2188976 0 X X 0 1 X 1 1 1 X 9490 9490 0 14233 14233 0 0 DEFERRED OUTFLOWS 1626036 NET PENSION ASSET 173130 1799166 DEFERRED INFLOWS 927143 927143 X 15405632 0 15405632 0 15405632 13216656 0 13216656 0 13216656 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2015. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBES THE SCHOOL'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES. SCHEDULE E, PART I, LINE 6 RECEIVED GRANT FROM THE BOARD OF EDUCATION OF THE SHELBY COUNTY SCHOOLS BASIC EDUCATION PROGRAM OF $11,414,458 AND U.S. DEPARTMENT OF EDUCATION GRANTS OF $2,683,562. X 0 0 0 0 0 0 0 0 0 DREW SIPPEL EXECUTIVE DIRECTOR 169251 0 10000 0 0 0 0 0 2750 0 182001 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS TO IDENTIFY POTENTIAL CONFLICTS WITH VENDORS, EMPLOYEES, CLIENTS, AND OTHER POTENTIAL CONFLICTS ARE COMPLETED BY ALL BOARD MEMBERS. PERIODIC REVIEWS ARE ALSO CONDUCTED AND WHEN CONFLICTS ARISE, A RESOLUTION IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES OF CAPSTONE EDUCATION GROUP ARE DETERMINED BASED ON MARKET RATES, EDUCATION LEVEL AND EXPERIENCE AND COMPENSATION LEVELS ARE CONSISTENT WITH COMPARABLE DATA FROM SCHOOL SYSTEMS IN THE AREA WITH BOARD APPROVAL OF ALL EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 CAPSTONE EDUCATION GROUP HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION AND WILL PROVIDE THE INFORMATION FOR REVIEW BY ANYONE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT PROCESS FOR THE AUDITED FINANCIAL STATEMENTS OR THE SELECTION PROCESS OF THE INDEPENDENT AUDITORS FROM THE PRIOR YEAR.