2017-05-15T15:08:59-05:00 2016-06-30 341310124 REA & ASSOCIATES INC 941 STEUBENVILLE AVE PO BOX 820 CAMBRIDGE OH 437250820 990 2015-07-01 300054968 LIFE SKILLS CENTER OF ELYRIA LIFE 4403241755 2015 WEST RIVER ROAD NORTH ELYRIA OH 44035 GEORGE E WAKEMAN PRESIDENT 4403241755 2017-05-15 1 MARY ELIZABETH WRIGHT CPA P00099212 7404325658 2015 2021-01-29 14:40:06Z GEORGE E WAKEMAN 2015 WEST RIVER ROAD NORTH ELYRIA OH 44035 1448077 0 X WWW.LIFESKILLSCENTERS.COM X 2002 OH TO PROVIDE AN ALTERNATIVE HIGH SCHOOL OPPORTUNITY FOR AT-RISK AND DROP-OUT YOUTH BETWEEN THE AGES OF 16 AND 22. THE SCHOOL PROVIDES STUDENTS A COMPREHENSIVE EDUCATION, LIFE SKILLS, WORK TRAINING AND EMPLOYMENT. 6 6 0 0 0 0 1512505 1432290 0 0 12 67 38706 15720 1551223 1448077 0 0 0 0 59986 47000 0 0 0 1448160 1388017 1508146 1435017 43077 13060 238838 186492 1278306 1212900 -1039468 -1026408 TO PROVIDE AN ALTERNATIVE HIGH SCHOOL OPPORTUNITY FOR AT-RISK AND DROP-OUT YOUTH BETWEEN THE AGES OF 16 AND 22. THE SCHOOL PROVIDES STUDENTS A COMPREHENSIVE EDUCATION, LIFE SKILLS, WORK TRAINING AND EMPLOYMENT. 0 0 1355518 15720 PROVIDED EDUCATION SERVICES TO 121 STUDENTS 1355518 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X SKODA MINOTTI CPAS ATTN JEFF FOSTER 3305761851 3320 WEST MARKET ST SUITE 300 FAIRLAWN OH 44333 GEORGE WAKEMAN PRESIDENT 0.50 X X 625 0 0 WILLIAM VISALDEN JR VICE PRESIDENT 0.30 X X 875 0 0 HARRY ADAMS TREASURER 0.30 X X 625 0 0 RICHARD ELLIS BOARD MEMBER 0.30 X 375 0 0 PHIL HAMMONDS SECRETARY 0.30 X 875 0 0 GARRETT LONGACRE BOARD MEMBER 0.30 X 875 0 0 JEFF FOSTER FISCAL OFFICER 1.00 X 0 0 0 4250 0 0 0 0 0 0 LS ELYRIA LLC 121 SOUTH MAIN ST SUITE 200 AKRON OH 44308 EDUCATIONAL MANAGEMENT 1360668 1 1432290 1432290 67 67 MISCELLANEOUS 900099 15720 15720 15720 1448077 15720 0 67 4250 4250 42750 42750 1311198 1311198 3920 3920 20805 20805 1570 1570 8040 8040 SPONSORSHIP FEES 40147 40147 BOARD OF EDUCATION 2250 2250 MISCELLANEOUS 87 87 1435017 1355518 79499 0 10325 15759 21349 27254 125127 47120 77588 93481 36251 33373 4449 2878 238838 186492 4625 3104 1837 4261 177991 205829 1093853 999706 1278306 1212900 X -1039468 -1026408 -1039468 -1026408 238838 186492 13060 0 X X 0 1 X 1 0 X 36251 33373 2878 2878 CONTINUING FEES PAYABLE 41826 NET PENSION 957880 999706 X 1448077 0 1448077 0 1448077 1435017 0 1435017 0 1435017 PART X, LINE 2: THIS IS A GOVERNMENTAL ENTERPRISE- FIN 48 DOES NOT APPLY. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT READING "ALL EDUCATIONAL PROGRAMS ARE AVAILABLE WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, SEX OR DISABILITY" IS ALWAYS INCLUDED. THIS STATEMENT IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, BOARD POLICY BOOK AND ON THE WEBSITE. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE . SCHEDULE E, PART I, LINE 6 THE SCHOOL CURRENTLY PARTICIPATES IN THE STATE FOUNDATION PROGRAM AND THE CAREER BASED INTERVENTION PROGRAM (CBI). REVENUES RECEIVED FROM THESE PROGRAMS ARE RECOGNIZED AS OPERATING REVENUES IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILITY REQUIREMENTS HAVE BEEN MET. THE SCHOOL ALSO PARTICIPATES IN THE FEDERAL CHARTER SCHOOL PROGRAM THROUGH THE OHIO DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION A, LINE 3 THE SCHOOL CONTRACTS WITH LS ELYRIA, LCC FOR MOST OF ITS FUNCTIONS. LS ELYRIA, LLC IS RESPONSIBLE AND ACCOUNTABLE TO THE SCHOOL'S BOARD OF DIRECTORS FOR THE ADMINISTRATION AND OPERATION OF THE SCHOOL. THE SCHOOL IS REQUIRED TO PAY LS ELYRIA, LLC A MONTHLY CONTINUING FEE OF 94.5 PERCENT OF THE SCHOOL'S "QUALIFIED GROSS REVENUES AND LS ELYRIA,LLC IS RESPONSIBLE FOR ALL COSTS INCURRED IN PROVIDING THE EDUCATIONAL PROGRAM AT THE SCHOOL. WHILE IN CONTROL OVER THE MANAGEMENT DUTIES OF THE SCHOOL HAS BEEN DELEGATED TO LS ELYRIA,LLC BY VIRTUE OF THE MANAGEMENT AGREEMENT, THE GOVERNING AUTHORITY STILL HAS THE OVERALL RESPONSIBILITY TO OVERSEE THE ACCOUNTING PROCEDURES. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND FISCAL OFFICER TO BE REVIEWED AND SIGNED BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING AUTHORITY REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN OR VERBAL REQUEST, DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. HOWEVER, FOR THE END OF THE YEAR UNAUDITED FINANCIALS, A PUBLIC NOTICE IS PLACED IN THE LOCAL PAPERS STATING THAT THE UNAUDITED FINANCIALS ARE AVAILABLE FOR REVIEW . FORM 990, PART XI, LINE 2C THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED SINCE THE PRIOR YEAR.