2017-01-20T08:56:10-06:00 2016-06-30 314419361 JOHN GERLACH & COMPANY LLP 37 W BROAD ST STE 530 COLUMBUS OH 43215 990 2015-07-01 314379445 THE COLUMBUS ACADEMY COLU 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 2017-01-20 JON YERIAN CPA P00575540 6142242164 2017-01-20 2015 2021-01-29 14:40:06Z MELISSA SODERBERG 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 39763525 0 X WWW.COLUMBUSACADEMY.ORG X 1911 OH SEE SCHEDULE O 24 24 711 715 -3441 -3441 4992574 4303292 23488710 24667301 2354272 1680902 147812 91507 30983368 30743002 2524801 2669433 0 0 18069170 18608747 63910 0 531000 8223050 7887024 28880931 29165204 2102437 1577798 75810392 81463597 7712078 15471689 68098314 65991908 X SEE SCHEDULE O 0 0 23018921 2669433 23733801 COLLEGE PREPARATORY INSTRUCTION OF STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE. TOTAL ENROLLMENT IS 1,081, OF WHICH 349 ARE MINORITIES. 241 STUDENTS RECEIVE FINANCIAL AID BASED ON NEED. 806423 981533 SUMMER SCHOOL AND DAY CAMP PROGRAM (JUNE, JULY & AUGUST). 1,540 ATTENDED COURSES, INCLUDING KEYBOARDING, ART FROM ALL ANGLES, STUDY SKILLS, ROBOTICS, ETC. 23825344 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 1 0 1 1 0 0 0 0 0 0 0 0 1 60 0 1 711 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO CT IL KY MA MD MI NH UT NC OH PA X X MARGARET A KOERNER CHIEF FINANCIAL OFFICER 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 432300745 MR KEVIN REEVES PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MR VICTOR THORNE VICE PRESIDENT/TRUSTEE 10.00 X X 0 0 0 MRS KELLY JENNINGS YEOMAN SECRETARY/TRUSTEE 10.00 X X 0 0 0 MR RICHARD JEFF JEFFERS TREASURER/TRUSTEE 10.00 X X 0 0 0 MS POE TIMMONS IMMEDIATE PAST PRESIDENT 6.00 X 0 0 0 DR RITA AGRAWAL TRUSTEE 6.00 X 0 0 0 MS SARA MILKS BETHEL TRUSTEE 6.00 X 0 0 0 MRS SANDY DOYLE-AHERN TRUSTEE 6.00 X 0 0 0 MR MICHAEL GROSS TRUSTEE 6.00 X 0 0 0 MR MATTHEW HARRIS TRUSTEE 6.00 X 0 0 0 MR HENRY HAUSER TRUSTEE 6.00 X 0 0 0 MR KLAY HUDDLESTON TRUSTEE 6.00 X 0 0 0 MR JONATHAN KASS TRUSTEE 6.00 X 0 0 0 MR JIM KLINGBEIL TRUSTEE 6.00 X 0 0 0 DR SUSAN MASSICK TRUSTEE 6.00 X 0 0 0 MR MARTIN NESBITT TRUSTEE 6.00 X 0 0 0 MR GEORGE PROICOU PACA REPRESENTATIVE/EX-OFF 6.00 X 0 0 0 MRS MARY FRANCES RESTREPO TRUSTEE 6.00 X 0 0 0 MR BRIAN SHEPARD ALUMNI BOARD PRESIDENT 6.00 X 0 0 0 MR GEORGE SKESTOS TRUSTEE 6.00 X 0 0 0 MRS CLAUDIA WALTER TRUSTEE 6.00 X 0 0 0 DR SUSAN WILLIAMS TRUSTEE 6.00 X 0 0 0 MR STEVE WITTMANN TRUSTEE 6.00 X 0 0 0 MR EDWARD YEN TRUSTEE 6.00 X 0 0 0 MRS MARGARET KOERNER CHIEF FINANCIAL OFFICER 40.00 X 171363 0 33332 MS MELISSA SODERBERG HEAD OF SCHOOL 40.00 X 367327 0 43241 MR DOUG BENNETT DIRECTOR FACILITIES 40.00 X 128747 0 20486 MR ERICH HUNKER DIR OF DEVELOPMENT & ASST 40.00 X 167817 0 32823 MRS KARLA LONG MIDDLE SCHOOL HEAD 40.00 X 129933 0 22474 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 40.00 X 128271 0 22386 MS KAYETHEL MASON LOWER SCHOOL HEAD 40.00 X 123399 0 28504 1216857 0 203246 14 0 1 0 OHIO EQUITIES MANAGEMENT 605 SOUTH FRONT STREET STE 200 COLUMBUS OH 43215 MAINTENANCE SERVICES 343468 SCIOTO SERVICES LLC BIN 88604 MILWAUKEE WI 53288 CLEANING SERVICES 335243 EPS 8845 BASIL WESTERN ROAD CANAL WINCHESTER OH 43110 SECURITY SYSTEM MAINTENANCE 148841 VORYS SATER SEYMOUR & PEASE PO BOX 73487 CLEVELAND OH 44193 LEGAL 146058 4 26211 15589 398348 3863144 188039 4303292 TUITION & FEES 611600 23376754 23376754 SUMMER SCHOOL & DAY CAMP 611600 981533 981533 CARE AFTER SCHOOL, TUTORING & SPR 611600 270619 270619 ATHLETIC EVENTS 611600 38395 38395 24667301 1411940 190 1411750 3102 10 3092 44691 0 44691 44691 44691 9233607 908 8958636 6917 274971 -6009 268962 447 268515 6844 15589 6844 0 56159 48126 8033 8033 OTHER INCOME 900099 43751 43751 FORFEITED ENROLLMENT DEPOSITS 611600 40000 40000 PASS-THROUGH INCOME 900099 -48070 -4088 -43982 35681 30743002 24715334 -3441 1727817 2669433 2669433 571774 571774 13191939 10378646 2527739 285554 870782 691911 159245 19626 2965870 2651080 280796 33994 1008382 773458 215757 19167 56000 56000 63124 63124 52834 52834 265993 145771 97862 22360 167526 8961 158565 1760753 1511350 195014 54389 426343 415936 10407 1541822 1541822 205435 152930 12284 40221 303386 289634 13752 23261 23261 1515904 1218787 266799 30318 40372 40372 CONTRACTED SERVICES 937031 937031 SCHOOL EQUIPMENT R&M 258689 258689 MISCELLANEOUS EXPENSES 166643 4618 146691 15334 MEMBERSHIP DUES & SUBSC 66133 19879 36217 10037 35775 35775 29165204 23825344 4808860 531000 1160568 852988 8302930 4462915 7355734 5924522 111483 142168 60000 40000 3819 5838 772716 1638356 58980206 25412667 21859750 33567539 31815862 31813811 4367530 3015460 75810392 81463597 4603455 6514500 3016988 3080491 0 5489118 91635 387580 7712078 15471689 X 31243888 31409055 13111517 9893094 23742909 24689759 68098314 65991908 75810392 81463597 X 1577798 -2980398 -703806 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40207272 946850 -1236379 939532 762861 52834 38162516 41720368 804003 463089 904764 1821544 53880 40207272 35777489 1801605 5545989 817884 533848 52983 41720368 30528866 2772521 3703037 696764 478902 51269 35777489 28687133 3430931 -410291 643071 485762 50074 30528866 0.18350 0.64700 0.16960 0 0 2155551 2155551 37137728 20656296 16481432 6163443 4756371 1407072 13523484 13523484 33567539 CUSTODIAN DEPOSITS 89199 INTEREST RATE SWAP 298381 387580 X 26472904 192461 192461 26280443 4462559 4462559 30743002 28128243 3039164 3039164 25089079 4076125 4076125 29165204 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. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, AND LOCAL TAX AUTHORITIES FOR FISCAL YEARS ENDING 2013 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 48,126. FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 6,844. LOSS ON DISPOSAL OF FIXED ASSETS 1,630. PASS-THROUGH LOSS ADJUSTMENT FOR TAX RETURN 135,861. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, REPORTED ON PART IX, LINE 2 2,669,433. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 1,406,692. NET REALIZED GAINS ON THE SALE OF INVESTMENTS, REPORTED ON PART VIII 386,434. PART XII, LINE 2D - OTHER ADJUSTMENTS: STUDENT STORE ACTIVITY EXPENSES, REPORTED ON PART VIII, LINE 10B 48,126. FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 6,844. NET REALIZED AND UNREALIZED LOSSES 2,595,594. LOSS ON UNCOLLECTIBLE PLEDGES 388,600. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID, REPORTED ON PART IX, LINE 2 2,669,433. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 1,406,692. 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. GOLF OUTING 22433 15589 6844 369 767 5708 22433 15589 6844 369 767 5708 6844 0 1 FINANCIAL AID 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 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 171363 0 0 0 0 0 17500 0 15832 0 204695 0 0 0 MS MELISSA SODERBERG HEAD OF SCHOOL 275859 0 0 0 91468 0 27400 0 15841 0 410568 0 0 0 MR ERICH HUNKER DIR OF DEVELOPMENT & ASST 167817 0 0 0 0 0 17000 0 15823 0 200640 0 0 0 MRS KARLA LONG MIDDLE SCHOOL HEAD 129933 0 0 0 0 0 6715 0 15759 0 152407 0 0 0 MS CORINNA IZOKAITIS UPPER SCHOOL HEAD 128271 0 0 0 0 0 6630 0 15756 0 150657 0 0 0 MS KAYETHEL MASON LOWER SCHOOL HEAD 123399 0 0 0 0 0 12755 0 15749 0 151903 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 $14,150 DURING THE YEAR. A CITY OF GAHANNA OHIO 316400492 000000000 2015-07-13 15000000 SEE PART VI 0 0 0 A 1073165 6701849 50001 6651848 2016 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 1 1 1 PNC BANK NAITONAL 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, 2016, THE CORPORATION HAS DRAWN $6,701,849 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 40000 0 1 1 40000 CONTINENTAL BUILDING SYSTEMS JONATHAN KASS, TRUSTEE, HAS A FAMILY RELATIONSHIP WITH AN OWNER/OFFICER 10670169 THE SCHOOL HAS A CONSTRUCTION PROJECT CONTRACT WITH CONTINENTAL BUILDING SYSTEMS FOR VARIOUS CAMPUS RENOVATION AND EXPANSION PROJECTS. THE RELATIONSHIP BETWEEN THE TRUSTEE AND THE INTERESTED PERSON WAS PROPERLY DISCLOSED PER THE SCHOOL'S CONFLICT OF INTEREST POLICY, PER PROPER DISCLOSURE ON THE TRUSTEE'S ANNUAL CONFLICT OF INTEREST STATEMENT. PRIOR TO THE BOARD'S CONSIDERATION OF THE CONSTRUCTION PROJECT, MR. KASS AGAIN DISCLOSED HIS CONFLICT AND ABSTAINED FROM VOTING ON MATTERS RELATING TO THE CONSTRUCTION PROJECT. 0 X 21 188039 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 11 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 LOSS ADJUSTMENT FOR TAX RETURN 135,861. FASB 158 ADJUSTMENT -451,067. LOSS ON UNCOLLECTIBLE PLEDGES -388,600. 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.