2018-05-11T09:25:11-05:00 2017-06-30 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2016-07-01 381359080 The Grosse Pointe Academy GROS 3138861221 171 Lake Shore Road Grosse Pointe Farms MI 48236 Robert J Wanicke Jr Dir. of Finance & Operations 3138861221 2018-05-09 1 Kerry R Gubics P01881026 8002291099 2018-05-07 2016 2022-09-23 18:48:47Z John M Murphy 187 Country Club Dr Grosse Pointe Farms MI 48236 4651129 0 X www.gpacademy.org X 1969 MI The Academy is an independent school serving children in preschool through grade eight. 20 20 99 150 -26075 -26075 457146 630136 4002645 3450567 4682 99612 239397 -71774 4703870 4108541 884294 585095 0 0 3048441 2980712 0 0 255103 1590201 1508209 5522936 5074016 -819066 -965475 16993138 16657491 6891563 6498807 10101575 10158684 X To nurture the potential of each child, allowing students to discover their unique strengths and passions in an environment framed by Christian values. We challenge students to achieve excellence in academics, character, athletics, and the arts. We inspire students to acquire skills required for their future success and to develop the confidence to communicate, contribute, and lead. 0 0 3798512 585095 3454969 An independent educational institution that provides an environment of learning for students in grades preschool through eight of various social, economic, religious, and cultural backgrounds. 3798512 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 52 0 1 99 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X Robert J Wanicke Jr 3138861221 171 Lake Shore Road Grosse Pointe Farms MI 48236 John M Murphy Trustee - President 5.00 X X 0 0 0 Jennifer Fauster Trustee - Vice President 5.00 X X 0 0 0 Fred Rollins Trustee - Treasurer 5.00 X X 0 0 0 Lindsey Ford BUHL Trustee - Secretary 5.00 X X 0 0 0 Elizabeth Ahee Trustee 5.00 X 0 0 0 Bridget Bearss RSCJ Trustee 5.00 X 0 0 0 Dr Melanie Darke Trustee 5.00 X 0 0 0 Dr Peter Donaldson Trustee 5.00 X 0 0 0 Hali H Giessler Trustee 5.00 X 0 0 0 Michael Kelly Trustee 5.00 X 0 0 0 Kimberly Kendrick Trustee 5.00 X 0 0 0 Tiffany Klaasen Trustee 5.00 X 0 0 0 Carole J Peabody Trustee 5.00 X 0 0 0 Kate Peabody Trustee 5.00 X 0 0 0 Andrea Provenzano Trustee - Member at Large 5.00 X 0 0 0 Erica Thrash - Sall Trustee 5.00 X 0 0 0 Fay Savage Trustee 5.00 X 0 0 0 Megan Stooke Trustee 5.00 X 0 0 0 Marsha Thomas Trustee 5.00 X 0 0 0 Amy Tomlinson Committee on Trustees Chair 5.00 X 0 0 0 Thomas Adams Head of School 40.00 X 87771 0 15627 Robert J Wanicke Jr Director of Finance & Operations 40.00 X 95718 0 2442 183489 0 18069 0 0 0 0 Plum Market Food Service LLC 30777 Northwester Hwy Suite 301 Farmington Hills MI 48334 Food Service Provider 224200 1 414820 215316 174282 630136 Tuition & Fees 611710 3364102 3364102 Student Support Servic 611710 86465 86465 3450567 99612 99612 59135 85210 -26075 -26075 -26075 407277 414820 457378 -50101 -50101 Miscellaneous Income 900099 4402 4402 4402 4108541 3454969 -26075 49511 585095 585095 287687 287687 2250697 1711755 393161 145781 48050 38946 6681 2423 217460 178524 24202 14734 176818 125602 40342 10874 7128 7128 21000 21000 26757 12141 13402 1214 133584 45000 70279 18305 45573 4163 41211 199 77589 47801 24614 5174 163881 151275 4202 8404 30853 30853 38354 14700 21766 1888 131772 112146 8411 11215 387120 385329 768 1023 59357 48127 4813 6417 Purchased services 142184 109673 22692 9819 Food & Supplies 94791 92506 2285 Supplies 88522 77770 7091 3661 Special Trips & Events 29024 15188 13836 30720 11918 18666 136 5074016 3798512 1020401 255103 500 31968 522984 4430 6675 4570 99175 102243 77328 61067 17037779 7805424 9442970 9232355 6775288 7220858 68218 16993138 16657491 178216 257130 234499 257373 5840000 5784573 513621 114666 125227 85065 6891563 6498807 X 6959233 6712958 2541540 2844924 600802 600802 10101575 10158684 16993138 16657491 -965475 1022584 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1354167 186305 169294 1371178 1429448 -17911 57370 1354167 1434119 58993 63664 1429448 6889602 238069 5693552 1434119 6720712 715545 546655 6889602 0.44000 0.56000 1 0 200000 200000 15812875 6849880 8962995 947637 912006 35631 77267 43538 33729 9232355 Pension and Post-Retirement Obligation 85065 85065 X 4618749 1022584 85210 1107794 3510955 12491 585095 597586 4108541 4561640 85210 85210 4476430 12491 585095 597586 5074016 Part V, Line 4: The Academy's endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Earnings from general endowment funds, endowment scholarship funds, and faculty endowment are restricted for school operations, scholarships, and faculty scholarships, respectively. Part X, Line 2: The Academy accounts for income taxes in accordance with GAAP, which require recognition of and disclosure related to uncertain tax positions. As of and during the year ended June 30, 2017, the Academy did not have a liability for unrecognized tax benefits. Part XI, Line 2d - Other Adjustments: Rental Expenses included in Net Rental Income 85,210. Part XI, Line 4b - Other Adjustments: Student Aid 585,095. Part XII, Line 2d - Other Adjustments: Rental Expenses included in Net Rental Income 85,210. Part XII, Line 4b - Other Adjustments: Student Aid 585,095. 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 Academy provides a statement in all brochures and ads for admissions/open house invitations to the public. An annual notice is placed in the Detroit Free Press newspaper. The Grosse Pointe Academy is committed to a diverse population. Action Auction 822097 414820 407277 169800 58783 41101 187694 822097 414820 407277 169800 58783 41101 187694 457378 -50101 1 Tuition Remission 14 130900 fmv 65% discount on each student. Financial Aid 52 375370 fmv Third party (facts) recommendation. Multiple Student Discount 40 35795 fmv 5% Discount on each additional child. Scholarships 12 43030 fmv Student meets predetermined requirements. Part I, Line 2: Students apply for financial aid each year. Amounts are awarded based on need and are applied directly to the students' tuition accounts. A Michigan Finance Authority 800596186 noneavail 2014-11-03 5840000 Capital Improvements 0 0 0 A 5840000 85000 5840000 2007 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 X 4 15390 cost X 2 46100 Cost X 20 4482 FMV X Jewelry 6 43000 Cost X Miscellaneous Auction Items 8 34010 cost X Entertainment 5 22100 cost X Vacation Packages 3 9200 Cost 0 0 0 Form 990, Part VI, Section A, line 2 CAROL PEABODY IS A FOUNDING TRUSTEE OF THE ACADEMY. KATE PEABODY IS HER DAUGHTER-IN-LAW AND is also a trustee of the academy. Form 990, Part VI, Section B, line 11b Prior to filing, form 990 will be reviewed by the Director of Finance, Head of School, and Chairman of the Board as well as distributed to the Finance Committee members for review. Form 990, Part VI, Section B, line 12c Trustees are given the conflict of interest policy at the annual Board of Trustees retreat and asked to sign and return. Conflict of interest questionnaires are maintained by the Head of School's office. In the event a Board member has a conflict, it would be noted and they would be requested to exclude themselves from any vote/discussion relative to said conflict. All employees must also sign the conflict of interest policy. Form 990, Part VI, Section B, line 15 The Board of Trustees' President received information from the National Association of Independent Schools comparing total compensation and benefits for the respective positions at peer schools. The President makes a recommendation to the Board for their approval for the Head of School's compensation. The determination and decision regarding compensation was documented contemporaneously in the Board minutes. Form 990, Part VI, Section C, line 19 Governing documents, conflicts of interest policy, and financial statements are available upon request. Form 990, Part XII, Line 2c: The Board is responsible for the oversight of the review. This process has not changed since the prior year.