ALBUQUERQUE ACADEMY: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- ALBUQUERQUE ACADEMY (EIN 85-0129165)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-02-10
- IRS object ID
- 201720419349302402
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-02-10T18:49:26-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Park Ave Suite 2850 | AddressLine1Txt |
| City | Oklahoma City | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 73102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850129165 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Albuquerque Academy | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ALBU | BusinessNameControlTxt |
| Phone | 5058283200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 Wyoming Blvd NE | AddressLine1Txt |
| City | Albuquerque | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87109 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Gary Gordon | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 5058283200 | PhoneNum |
| Signature | 2017-02-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Stephanie L Stewart | PreparerPersonNm |
| PTIN | P01646944 | PTIN |
| Phone | 4052396411 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Andrew T Watson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 Wyoming Blvd NE | AddressLine1Txt |
| City | Albuquerque | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $46,151,523 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.aa.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | NM | LegalDomicileStateCd |
| Activity Or Mission | Albuquerque Academy is a non-denominational, coeducational, independent day school. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 901 | TotalEmployeeCnt |
| Total Volunteers | 578 | TotalVolunteersCnt |
| Total Gross UBI | -$8,670 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$9,036 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,169,384 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,871,251 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,104,174 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $22,920,563 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,884,375 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,639,983 | CYInvestmentIncomeAmt |
| PY Other Revenue | $132,852 | PYOtherRevenueAmt |
| CY Other Revenue | $70,279 | CYOtherRevenueAmt |
| PY Total Revenue | $29,290,785 | PYTotalRevenueAmt |
| CY Total Revenue | $33,502,076 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,075 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,511,283 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,221,776 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,053,582 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,326,448 | PYOtherExpensesAmt |
| CY Other Expenses | $11,031,575 | CYOtherExpensesAmt |
| PY Total Expenses | $35,837,731 | PYTotalExpensesAmt |
| CY Total Expenses | $35,260,426 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,546,946 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,758,350 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $127,463,599 | TotalAssetsBOYAmt |
| Total Assets EOY | $120,931,943 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $48,670,422 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $48,763,623 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $78,793,177 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $72,168,320 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | See Schedule O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,583,339 | ExpenseAmt |
| Grant | $7,075 | GrantAmt |
| Revenue | $18,993,435 | RevenueAmt |
| Desc | Founded in 1955, Albuquerque Academy is a nationally-recognized independent, coeducational, college preparatory day school serving students in grades six through twelve. With a broad and excellent program, a spirit of public purpose, and a desire to serve a diverse set of students of talent and character, the school hopes to better its students, and then the wider community, through its efforts. See Schedule O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,243,302 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $2,223,517 | RevenueAmt |
| Desc | Albuquerque Academy offers a six week summer program that provided educational opportunities to 1,907 students during the fiscal year ended June 30, 2016. See Schedule O. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,264,576 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $1,282,598 | RevenueAmt |
| Desc | The food service department serves the Academy by providing nutritious meals, prepared with care, presented in an attractive manner, and served in a friendly atmosphere. See Schedule O. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $448,876 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $535,172 | RevenueAmt |
| Desc | Charger Aquatics ("CAQ")CAQ is a comprehensive, year-round aquatics program that provides swimmers in the greater Albuquerque area with opportunities to learn, participate, and compete in the school's state-of-the-art aquatics facility located in the nationally acclaimed Natatorium and is offered as part of the school's ongoing commitment to provide service and outreach to the community at large. CAQ offers membership in USA-sanctioned clubs, including USA Swimming and US Masters Swimming, along with an extensive selection of non-member aquatics classes such as Aqua Fitness and toddler and preschool swim lessons. Total enrollment for all programs was 257 for the fiscal year ended June 30, 2016.The financial results directly below represent all other program services expenses and revenues: | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $448,876 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $535,172 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $27,540,093 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 72 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 901 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 3 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brent Wheelis | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5058283200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 Wyoming Blvd NE | AddressLine1Txt |
| City | Albuquerque | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87109 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Adam Honegger | ||||||||
| Chair | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Pam Garrett | ||||||||
| Vice Chair | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Ron Moya | ||||||||
| Assistant Treasurer | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Karen Knauf | ||||||||
| Secretary | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Patrick Apodaca | ||||||||
| Assistant Secretary | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Chaouki Abdallah | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Thomas Baca | ||||||||
| Charter Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Chris Buttner | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Arthur Chu | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Chris Jillson | ||||||||
| General Trustee | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| Ian McKinnon | ||||||||
| Charter Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Diane Ogawa | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Valerie Romero-Leggott | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Jesus Salazar | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Ernest Schmider | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Thomas Smidt III | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Walter Stern | ||||||||
| Charter Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Cori Sullivan | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Randy Talbot | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Judy Talcott | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Peter Watterberg | ||||||||
| General Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Hope Wynn | ||||||||
| Charter Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Andrew Watson | ||||||||
| Head of School | 40.00 | 0.00 | $391,366 | $0 | $44,181 | Yes (X) | ||
| Gary Gordon | ||||||||
| Treasurer | 40.00 | 0.00 | $247,022 | $0 | $65,638 | Yes (X) | ||
| Stephanie Levy-Lipkowitz | ||||||||
| Assistant Head of School | 40.00 | 0.00 | $133,462 | $0 | $74,379 | Yes (X) | ||
| Donald Smith | ||||||||
| Associate Head of School | 40.00 | 0.00 | $156,257 | $0 | $29,773 | Yes (X) | ||
| Pamela Scanlon | ||||||||
| Director of Finance | 40.00 | 0.00 | $126,308 | $0 | $25,553 | Yes (X) | ||
| Nancy Parker | ||||||||
| Business Manager | 40.00 | 0.00 | $129,861 | $0 | $21,140 | Yes (X) | ||
| Jeffrey Morgan | ||||||||
| Campaign Initiatives and Major Gifts Director | 40.00 | 0.00 | $120,383 | $0 | $27,196 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,304,659 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $287,860 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| National Roofing Co Inc | |||||
| 3408 Columbia NE | Albuquerque | NM | 87107 | Roof repairs & maintenance | $165,407 |
| Creosote Affects | |||||
| 514 E Main Street | Emmitsburg | MD | 21727 | Marketing and publication | $152,820 |
| Shamrock Foods Company | |||||
| PO Box 52409 | Phoenix | AZ | 850722409 | Food and food supplies | $135,257 |
| Energy Control Inc | |||||
| 8665 Solution Center | Chicago | IL | 606778006 | Facilities building control services | $128,217 |
| KPMG LLP | |||||
| 6565 Americas Pkwy NE Ste 700 | Albuquerque | NM | 87110 | Audit and tax services | $114,772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Federated Campaigns | $34,149 | FederatedCampaignsAmt |
| Fundraising | $140,738 | FundraisingAmt |
| Related Organizations | $1,028,518 | RelatedOrganizationsAmt |
| All Other Contributions | $4,667,846 | AllOtherContributionsAmt |
| Noncash Contributions | $3,973,093 | NoncashContributionsAmt |
| Total Contributions | $5,871,251 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Tuition and fees | 611110 | $24,292,113 | $24,292,113 | $0 | $0 |
| Summer school/outreach | 611110 | $2,223,517 | $2,223,517 | $0 | $0 |
| Food service | 611110 | $1,345,187 | $1,345,187 | $0 | $0 |
| Tuition remission | 611110 | -$1,292,936 | -$1,292,936 | $0 | $0 |
| Financial assistance | 611110 | -$4,068,331 | -$4,068,331 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $421,013 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $421,013 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $22,920,563 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,946,020 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$8,670 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,954,690 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $14,673,175 | SecuritiesAmt |
| Other | $54,332 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,907,653 | SecuritiesAmt |
| Other | $125,891 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,765,522 | SecuritiesAmt |
| Other | -$71,559 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,693,963 | TotalRevenueColumnAmt |
| Exclusion | $2,693,963 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $29,771 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $140,738 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $110,652 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$80,881 | TotalRevenueColumnAmt |
| Exclusion | -$80,881 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $4,285 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $2,647 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,638 | TotalRevenueColumnAmt |
| Exclusion | $1,638 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $616,763 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $502,604 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,159 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $114,159 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Purchase card rebate | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $35,363 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,363 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $35,363 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,502,076 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,034,722 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$8,670 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,604,773 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,075 | TotalAmt |
| Program Services | $7,075 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $713,597 | TotalAmt |
| Program Services | $296,936 | ProgramServicesAmt |
| Management And General | $353,032 | ManagementAndGeneralAmt |
| Fundraising | $63,629 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,637 | TotalAmt |
| Program Services | $62,637 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,992,250 | TotalAmt |
| Program Services | $15,710,581 | ProgramServicesAmt |
| Management And General | $1,765,753 | ManagementAndGeneralAmt |
| Fundraising | $515,916 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,839,142 | TotalAmt |
| Program Services | $1,651,813 | ProgramServicesAmt |
| Management And General | $149,818 | ManagementAndGeneralAmt |
| Fundraising | $37,511 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,273,874 | TotalAmt |
| Program Services | $1,949,476 | ProgramServicesAmt |
| Management And General | $278,403 | ManagementAndGeneralAmt |
| Fundraising | $45,995 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,340,276 | TotalAmt |
| Program Services | $1,163,459 | ProgramServicesAmt |
| Management And General | $138,985 | ManagementAndGeneralAmt |
| Fundraising | $37,832 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,203 | TotalAmt |
| Management And General | $49,203 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,614 | TotalAmt |
| Management And General | $131,614 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $437,580 | TotalAmt |
| Management And General | $437,580 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,011,265 | TotalAmt |
| Program Services | $594,426 | ProgramServicesAmt |
| Management And General | $415,857 | ManagementAndGeneralAmt |
| Fundraising | $982 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $317,626 | TotalAmt |
| Program Services | $200,986 | ProgramServicesAmt |
| Fundraising | $116,640 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,054,525 | TotalAmt |
| Program Services | $725,927 | ProgramServicesAmt |
| Management And General | $253,486 | ManagementAndGeneralAmt |
| Fundraising | $75,112 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $424,194 | TotalAmt |
| Program Services | $360,387 | ProgramServicesAmt |
| Management And General | $59,695 | ManagementAndGeneralAmt |
| Fundraising | $4,112 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,113,675 | TotalAmt |
| Program Services | $912,980 | ProgramServicesAmt |
| Management And General | $199,038 | ManagementAndGeneralAmt |
| Fundraising | $1,657 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,521 | TotalAmt |
| Program Services | $469,269 | ProgramServicesAmt |
| Management And General | $28,377 | ManagementAndGeneralAmt |
| Fundraising | $73,875 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,228 | TotalAmt |
| Program Services | $10,281 | ProgramServicesAmt |
| Management And General | $81,199 | ManagementAndGeneralAmt |
| Fundraising | $71,748 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,967,860 | TotalAmt |
| Management And General | $1,967,860 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,236,912 | TotalAmt |
| Program Services | $1,949,669 | ProgramServicesAmt |
| Management And General | $282,531 | ManagementAndGeneralAmt |
| Fundraising | $4,712 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,022 | TotalAmt |
| Program Services | $221,720 | ProgramServicesAmt |
| Management And General | $53,441 | ManagementAndGeneralAmt |
| Fundraising | $3,861 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Stdt and instructional | $752,890 | $752,890 | |
| Food service | $414,698 | $414,698 | |
| Summer,CAQ,Outreach | $84,883 | $84,883 | |
| Bad debt exp | $20,879 | $20,879 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,260,426 | TotalAmt |
| Program Services | $27,540,093 | ProgramServicesAmt |
| Management And General | $6,666,751 | ManagementAndGeneralAmt |
| Fundraising | $1,053,582 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,080 | BOYAmt |
| EOY | $19,422 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,513,675 | BOYAmt |
| EOY | $9,159,928 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,393 | BOYAmt |
| EOY | $2,428,321 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,960 | BOYAmt |
| EOY | $439,406 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,217 | BOYAmt |
| EOY | $19,266 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,857 | BOYAmt |
| EOY | $185,327 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $559,335 | BOYAmt |
| EOY | $420,354 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $82,543,250 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $53,873,921 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,676,186 | BOYAmt |
| EOY | $28,669,329 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,651,374 | BOYAmt |
| EOY | $16,462,289 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,004,886 | BOYAmt |
| EOY | $28,304,693 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,872,636 | BOYAmt |
| EOY | $34,823,608 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,463,599 | BOYAmt |
| EOY | $120,931,943 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,375,813 | BOYAmt |
| EOY | $2,532,842 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,587,935 | BOYAmt |
| EOY | $2,099,038 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,097,174 | BOYAmt |
| EOY | $37,053,722 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,996,818 | BOYAmt |
| EOY | $6,295,305 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $612,682 | BOYAmt |
| EOY | $782,716 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,670,422 | BOYAmt |
| EOY | $48,763,623 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,467,292 | BOYAmt |
| EOY | $27,881,894 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,310,514 | BOYAmt |
| EOY | $26,193,909 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,015,371 | BOYAmt |
| EOY | $18,092,517 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,793,177 | BOYAmt |
| EOY | $72,168,320 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,463,599 | BOYAmt |
| EOY | $120,931,943 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,758,350 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$4,866,507 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $177,494 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | Yes (1) | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $85,172,516 | BeginningYearBalanceAmt |
| Contributions | $1,684,299 | ContributionsAmt |
| Investment Earnings Or Losses | $1,051,803 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,751,942 | OtherExpendituresAmt |
| Administrative Expenses | $2,922,744 | AdministrativeExpensesAmt |
| End Year Balance | $77,233,932 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,623,882 | BeginningYearBalanceAmt |
| Contributions | $111,949 | ContributionsAmt |
| Investment Earnings Or Losses | $1,835,410 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,850,000 | OtherExpendituresAmt |
| Administrative Expenses | $1,548,725 | AdministrativeExpensesAmt |
| End Year Balance | $85,172,516 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $94,053,009 | BeginningYearBalanceAmt |
| Contributions | $1,211,504 | ContributionsAmt |
| Investment Earnings Or Losses | $10,554,779 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,979,122 | OtherExpendituresAmt |
| Administrative Expenses | $9,216,288 | AdministrativeExpensesAmt |
| End Year Balance | $90,623,882 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,881,192 | BeginningYearBalanceAmt |
| Contributions | $3,167,111 | ContributionsAmt |
| Investment Earnings Or Losses | $8,893,220 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,200,000 | OtherExpendituresAmt |
| Administrative Expenses | $2,688,514 | AdministrativeExpensesAmt |
| End Year Balance | $94,053,009 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $126,002,365 | BeginningYearBalanceAmt |
| Contributions | $1,087,464 | ContributionsAmt |
| Investment Earnings Or Losses | -$26,611,969 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,312,731 | OtherExpendituresAmt |
| Administrative Expenses | $1,283,937 | AdministrativeExpensesAmt |
| End Year Balance | $90,881,192 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.50400 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.23400 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26200 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $353,024 | OtherCostOrOtherBasisAmt |
| Book Value | $353,024 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $65,233,805 | OtherCostOrOtherBasisAmt |
| Depreciation | $39,649,132 | DepreciationAmt |
| Book Value | $25,584,673 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,808,794 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,800,029 | DepreciationAmt |
| Book Value | $2,008,765 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,147,627 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,424,760 | DepreciationAmt |
| Book Value | $722,867 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $28,669,329 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Partnership Investments | $11,537,255 | F |
| Sandoval County Real Estate | $9,220,000 | F |
| 136,680 shares of First Eagle Global Fund Class I | $7,518,637 | F |
| Dona Ana County Real Estate | $28,801 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $28,304,693 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Albuquerque Academy for Boys Trust #1 | $31,178,550 |
| Albuquerque Academy for Boys Trust #2 | $2,590,837 |
| Split-interest agreement | $590,965 |
| Cost of issuance, net | $334,457 |
| Construction in progress | $84,796 |
| Accrued investment income | $44,003 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $34,823,608 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuity and split-interest obligations | $444,691 |
| Interest rate swap liability | $338,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $782,716 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | The Academy maintains a small art collection consisting of items donated to the school. Included in this collection is a series of photogravuers, a flemish tapestry, and several oil paintings (including portraits of Mr. & Mrs. Simms, major donors to the Academy.) The art collection is currently displayed in various venues across campus for the edification of our students as well as for the enjoyment of vistors of our campus. It is anticipated that items within the collection will grow in value over time and may eventually be sold to support various programs and initiatives benefiting the Academy's students. During the fiscal year ended June 30, 2016, the Academy hosted a fundraising gala. The gala included an auction, and donors contributed various pieces of art that were subsequently auctioned and sold by the Academy. During the fiscal year ended June 30, 2016, the Academy did not receive any new donations of art, historical treasures or similar assets that were added to its existing art collection. |
| Part V, Line 4: | The Academy's endowment, consisting of permanently restricted, temporarily restricted, and quasi-endowment funds, provides vital financial support for the overall mission of the Academy. The endowment sustains opportunities of remarkable scope, including experiential and outdoor education, deep academic excellence, global exchanges and languages and sustainability initiatives closely attuned to a changing world. These programs make the student experience here one of the broadest in independent education. The endowment also supports our admission process and generous financial assistance program. These programs are committed to providing access to the Academy for students of talent and character from throughout the city, region, and (at times) country as they seek an enriched and meaningful educational experience. The Academy's endowment supports our outreach programs to include: Community Academy lectures; Charger Aquatics; Summer Session; and artistic, athletic, and volunteer events on campus all exemplify our community outreach and the Academy's belief in life-long learning. |
| Part X, Line 2: | The Academy is a not-for-profit organization and qualifies as an organization described in Section 501(c)(3) of the Internal Revenue Code (IRC). As such, the Academy is exempt from federal income taxes under Section 501(a) except on net income derived from unrelated business activities. For the year ended June 30, 2016, the Academy has determined that no income taxes are due for its activities. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. Management annually reviews its tax positions and has determined that there are no material uncertain tax positions that require recognition in the accompanying financial statements. The Academy files informational tax returns. In the normal course of business, the Academy is subject to examination by federal, state, local, and foreign jurisdictions, where applicable. As of June 30, 2016, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations for the Academy are from the year ended June 30, 2012 and forward. The Academy would recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. There was no such interest or penalties recorded for the year ended June 30, 2016. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The Academy enrolled 1,156 students during the fiscal year ended June 30, 2016. Female students accounted for 52% of total students enrolled, and male students accounted for 48% of total students enrolled. Approximately 51% of total students enrolled represented students of color. Students of color for the fiscal year ended June 30, 2016 were represented as follows: 1% African American, 11% Asian, 13% Hispanic, 1% Middle Eastern, 1% Native American, 24% Caucasian, Multi-ethnic. The Academy publishes its racially nondiscriminatory policy in the following materials: 1. Admission brochures 2. Admission view book 3. Admission/financial assistance forms 4. College profile guide 5. Summer session catalogue 6. Admissions page of the Academy website 7. Employment page of the Academy website 8. Standing orders of the Albuquerque Academy Board of Trustees and its standing committees. |
| Schedule E, Part I, Line 6 | For the fiscal year ended June 30, 2016, the Academy participated in the state of New Mexico textbook program. Based upon its enrollment, the school received credits that allowed all students to use state textbooks. Under current court rulings, indications are that the Academy no longer participates in the New Mexico textbook program effective July 1, 2016. The Albuquerque Academy Educational Foundation ("Educational Foundation") is an entity whose principal purpose is to support New Mexico member schools of the Independent Schools Association of the Southwest. The Educational Foundation is operated, supervised, and controlled by the Academy. Effective July 1, 2009, the Educational Foundation suspended the awarding of grants until such time as economic conditions make it feasible to resume the awards. No grants were awarded during the fiscal year ended June 30, 2016. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Gala | Event1Nm |
| Gross Receipts Event1 | $139,144 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $119,904 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $19,240 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $0 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $0 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $12,801 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $30,337 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $5,694 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $30,868 | OtherDirectExpensesEvent1Amt |
| Event2 | Golf Tournament | Event2Nm |
| Gross Receipts Event2 | $31,365 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $20,834 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $10,531 | GrossRevenueEvent2Amt |
| Cash Prizes Event2 | $1,400 | CashPrizesEvent2Amt |
| Non Cash Prizes Event2 | $801 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $15,170 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $4,245 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $0 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $9,336 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $170,509 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $140,738 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $29,771 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $1,400 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $801 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $27,971 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $34,582 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $5,694 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $40,204 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $110,652 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$80,881 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | School Year Abroad Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 Water Street | AddressLine1Txt |
| City | North Andover | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01845 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 042589375 | RecipientEIN |
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $7,075 | CashGrantAmt |
| Purpose Of Grant | Financial assistance determined by School Year Abroad for Academy students studying abroad in their junior year. | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I - Part I - Line 2 | FormAndLineReferenceDesc |
| Explanation | Academy students, in good standing, in their sophmore year may apply for a study abroad program for their junior year. Students applying for a study abroad program do so through School Year Abroad (SYA), a 501(c)(3), unaffiliated to the Academy. SYA has its own application process and facilitates placing students for a year abroad. Students applying through SYA may apply for financial assistance. SYA uses School and Student Services (SSS) for students applying for financial assistance. SSS is utilized by independent schools nation wide in assisting in the determination of financial assistance awards. In the event that a student qualifies for assistance, the Academy funds a portion of the overall assistance amount. SYA notifies the Academy when a student has qualified for financial assistance and provides a billing statement for the portion owed by the Academy. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Andrew Watson | ||||||||||||||
| Head of School | $334,966 | $0 | $56,400 | $0 | $0 | $0 | $26,500 | $0 | $17,681 | $0 | $435,547 | $0 | $0 | $0 |
| Gary Gordon | ||||||||||||||
| Treasurer | $197,022 | $0 | $50,000 | $0 | $0 | $0 | $25,511 | $0 | $40,128 | $0 | $312,661 | $0 | $0 | $0 |
| Stephanie Levy-Lipkowitz | ||||||||||||||
| Assistant Head of School | $133,462 | $0 | $0 | $0 | $0 | $0 | $14,151 | $0 | $60,228 | $0 | $207,841 | $0 | $0 | $0 |
| Donald Smith | ||||||||||||||
| Associate Head of School | $156,257 | $0 | $0 | $0 | $0 | $0 | $16,034 | $0 | $13,739 | $0 | $186,030 | $0 | $0 | $0 |
| Pamela Scanlon | ||||||||||||||
| Director of Finance | $126,308 | $0 | $0 | $0 | $0 | $0 | $13,028 | $0 | $12,525 | $0 | $151,861 | $0 | $0 | $0 |
| Nancy Parker | ||||||||||||||
| Business Manager | $129,861 | $0 | $0 | $0 | $0 | $0 | $13,254 | $0 | $7,886 | $0 | $151,001 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | See Schedule O for discussion of establishing the compensation of the Academy's Head of School and Treasurer. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Village of Los Ranchos de Albuquerque | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 850236091 | BondIssuerEIN |
| CUSIP | 545610AR8 | CUSIPNum |
| Bond Issued | 2010-09-21 | BondIssuedDt |
| Issue Price | $37,303,574 | IssuePriceAmt |
| Purpose | See Part VI of Schedule K | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $37,304,714 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $427,496 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $6,043,078 | CapitalExpendituresAmt |
| Other Spent Proceeds | $30,833,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2010 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K - Part I | In September 2010, the Academy requested the Village of Los Ranchos de Albuquerque, New Mexico issue $36,000,000 of Series 2010 bonds (i) for the purpose of refunding Series 1999 bonds and Series 2002 bonds and paying the costs associated with the termination of a swap agreement entered into in connection with the Series 2002 bonds and (ii) to finance the acquisition, installation and construction of certain infrastructure projects on the Academy campus. The Series 2010 bonds were issued at a premium of $1,303,574, resulting in total proceeds of $37,303,574. The Series 2010 bonds provided $6,043,078 in proceeds to fund updates to fire alarm and smoke detection systems and replacement of electrical load centers and motor control centers in original campus buildings, replacement of buried hot water and chilled water loop lines on the central and east campus, replacement of buried hot water loop lines on the west campus and replacement of existing west campus roof top HVAC units with roof top air handling units with chilled water coils and an air cooled chiller system and renovation of classroom buildings and fixtures, including classroom technology upgrades. In September 2013, the Academy completed all of its capital improvements and utilized all of the funds that were originally set aside in the Series 2010 issue. The Series 2010 bonds also provided $1,098,000 in proceeds to terminate swap arrangements that had been entered into in connection with the Series 2002 Bonds. |
| Schedule K - Part II - Line 3 | The total proceeds in Part II - Line 3 differ from the total issue price in Part I due to investment earnings on capital expenditures from proceeds. |
| Schedule K - Part III - Line 9 and Part V | As of June 30, 2016 the Academy has limited written policies regarding the monitoring and remediation of private business use activities. Due to the deminimus number of events and space consumed by third parties unaffiliated with the Academy, we do not believe we have a private business use violation in the current tax year. We are in the process of creating more expansive written procedures to address the monitoring and remediation of private business use to improve our monitoring. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $40,200 | CashGrantAmt |
| Type Of Assistance | See Part V | TypeOfAssistanceTxt |
| Assistance Purpose | See Part V | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Carol Watson | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | See Part V | RelationshipDescriptionTxt |
| Transaction | $62,637 | TransactionAmt |
| Transaction | See Part V | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule L - Part III - Columns (d) and (e) | Tuition remission. |
| Schedule L - Part IV, Columns (b) and (d) | Total compensation to spouse of Head of School for the fiscal year ended June 30, 2016. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 21 | ContributionCnt |
| Noncash Contributions Rpt F990 | $16,250 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV @ contrib date | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $80 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV @ contrib date | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $37,719 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV @ contrib date | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,891,855 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV @ liquidation | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,627 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV @ contrib date | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 14 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,514 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV @ contrib date | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Golf packages | 3 | $10,780 | FMV @ contrib date |
| Yes (X) | Gift cert | 16 | $6,268 | FMV @ contrib date |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Column (b): | The Academy reports the number of individual contributors in Part I Column B of this schedule. |
| Part I, Line 32b: | The Academy uses the donated services of Banc of America/Merrill Lynch to liquidate non-cash contributions. Such liquidation usually is undertaken within days of receipt of the contribution. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 - Part I - Line 1 - Mission Statement | The Academy was the fortunate recipient of a transformational gift of land in the early sixties, and fittingly, has chosen to use this gift to ensure economic accessibility to students living throughout the city of Albuquerque and the region. Today the Academy offers students an education that is without equal in the Southwest. Students from area schools are served by teachers who deliver their subject matter in creative and engaging ways. Students in the 6/7 division follow a non-traditional schedule that allows adaptability in an ever-changing world. Students in the 8/9 division are given their own campus space and their own accountability to help them grow into confident young adults. For the 10/12 division, course work involves increasingly philosophical and analytical thought. Academy students serve the community to which they belong, compete in a variety of competitive sports and participate in a variety of academic clubs and student organizations. Most Academy students attend four-year colleges and universities upon graduation, many of them enrolling at some of the best universities in the country. Admission to the Academy is competitive; approximately 73% of those who applied for enrollment for the 2015/16 school year were offered admission. For the 2015/16 school year, the student body consisted of 48% boys and 52% girls, 51% are students of color, and approximately 22% received approximately $4.1 million in financial assistance. Financial assistance is based on demonstrated financial need; only after students are admitted and their needs are assessed might financial assistance be offered. |
| Form 990 - Part I - Summary - Lines 9, 13, 15, and 17 | Amounts in lines 9, 13, 15, and 17 in the prior year have been reclassified to conform to the current year presentation for the same lines. The reclassifications were performed to be consistent with the audited financial statements of the Academy. |
| Form 990 - Part III - Line 1 - Organization's Mission | We believe that children's lives change when their natural passion for learning is nurtured and transformed into habits of life-long learning and reflection. We believe that the world changes as these children learn to serve country and community with wisdom, conviction, and compassion. In light of these beliefs: We serve students of talent and character, offering them an education that broadens their perspective, sharpens their minds, strengthens their bodies, and engages their hearts. We commit to creating a caring, inclusive, and just community, using the geography and culture of our home in the Southwest to enrich our educational programs and to foster creativity, personal balance and a connection to the natural world. We devote our resources to ensure economic accessibility to our students and to support the wider community through outreach and community service. We entrust this mission to our graduates and successors as we preserve our resources and serve the children of generations to come. |
| Form 990 - Part III - Statement of Program Accomplishments | The Academy opened its doors in the fall of 1955 with 12 boys in grades 7 through 9, two teachers, and founding Head William Wilburn. Classes were held in rented space in the Parish Hall of St. Michael's and All Angels Church. In 1957, enrollment had grown to 75 boys and the school moved to a 27-acre site on north Edith Boulevard in Albuquerque, NM. The first class of seven boys graduated in 1960. In 1966, the school moved to its present location, and in 1967/68 was home to 405 boys. Girls were admitted beginning in 1973. For the school year 2015/16, the Academy served 1,156 girls and boys in grades 6 through 12. The Academy's remarkable growth was made possible largely through the transformational gift of Albert G. Simms, a New Mexico financier and rancher, and his wife, Ruth Hanna McCormick Simms. In the early 1960's the Simms gave or bequeathed to the Academy (in trust) more than 12,000 acres of undeveloped land and 8,000 shares of Albuquerque National Bank stock. The undeveloped land has been sold resulting in the endowment that today enables education in a beautiful and uplifting environment, and also has provided the school its campus. The uniqueness of the Academy is due, in large part, to its commitment to its admission policy, and to providing accessibility to qualified students from throughout the greater Albuquerque community. Every Academy student benefits from the school's commitment to accessibility and affordability. Direct support from the endowment covers approximately 25% of the cost not covered by tuition. A further commitment of the Academy is to diversity and dedicating the school's resources to creating an environment in which all students can thrive. It is the responsibility of all the school's constituents to make this environment conducive to learning and to foster mutual respect for one another. Students of color (including students of Middle Eastern, Hispanic, African American, Asian, and Native American ancestry) represented approximately 51% of the total student population for the 2015/16 school year. Appreciation for diversity is also extended to those of various socioeconomic levels. Academy students benefit academically from small classes (averaging 16 students in the 6/7 division to 15 in the 10/12 division) and a teacher-to-student ratio of 1:9. 266 Academy students took advanced placement exams during the 2015/16 school year; of these students who took an advanced placement exam 70% received scores of 4 or 5, and 90% received a score of 3 or above. The 2016 graduating class had 27 National Merit Scholarship semifinalists, 11 commended students and 23 National Hispanic Scholars. Almost all Academy graduates enroll in a four-year college or university immediately upon graduation. |
| Form 990 - Part III - Statement of Program Accomplishments | Summer Program: The Academy summer session offered the opportunity to 1,907 children of the greater Albuquerque community (most non-affiliated with the regular school year) to participate in an enriching and exciting summer experience during the fiscal year ended June 30, 2016. The program had 269 class offerings including early childhood programs, a day camp, various sports camps and swim instruction for children from preschool to high school. Credit classes in math and science are also offered to high school students. An integral part of the session is the Multicultural Summer Honors Program, a summer scholarship program for academically talented and motivated African American, Native American, Hispanic, and other students who will be entering the fourth and fifth grades. The summer program has been an integral part of the Academy since 1984, reinforcing the school's unique mission of accessibility, affordability, excellence and outreach. The program also builds a broader sense of community as summer students and their siblings, as well as children of faculty and alumni, return summer after summer. The session is staffed by qualified and talented individuals who come from throughout New Mexico and the wider national and international educational community. The teacher/student ratios for the summer session offered for the fiscal year ended June 30, 2016 were 1:5 for the day camp, 1:8 for the children's workshop, 1:12 for pre-grade 1, 1:13 for pre-grade 2-3, and 1:15 for all other programs offered. Community Builders: Community outreach is an important aspect of the Academy's mission. The school is deeply committed to making a positive impact on the greater Albuquerque community, the state of New Mexico and beyond. Outreach initiatives are abundant and community service is part of the curriculum at all grade levels. Each year students undertake projects at numerous non-profit organizations in the community. Community Builders is a tuition free program that gives students from the Academy and other area schools an opportunity to learn the "nuts and bolts" of community philanthropy and non-profit organizations. The program includes a mix of site visits and meetings with community leaders to discuss a variety of topics, including types of non-profits, legal and ethical issues in the non-profit sector, grant writing for non-profits, non-profit governing boards and community leadership. At the end of the program students come together as a mock foundation to make decisions about how to support some of the non-profits they studied, both financially and through volunteer work. The program is supported by donors of which funds up to $10,000 can be allocated among studied non-profits. Community Academy: Community Academy supports the Academy's commitment to community outreach and life-long learning. Community Academy offers a continuing evening lecture series, free of charge to the entire community, presented by Academy faculty, alumni, and community leaders with expertise in their fields. |
| Form 990 - Part III - Statement of Program Accomplishments | The food service department serves the Academy community by providing nutritious meals, prepared with care, presented in an attractive manner, and served in a friendly atmosphere by a courteous staff within budgetary guidelines and in an environmentally sustainable way. The Academy dining halls provide lunch every school day for students, faculty, and staff. Lunch is included in the price of tuition and students are required to attend lunch as part of the regular school day. Students may self-select from hot or cold sandwiches, a salad bar, pasta and pizza, home-style items, Southwestern and Asian fare, soup, and milk/juice choices. In grades 6-9, nine to ten students and one faculty member eat at each table. Lunch tables are assigned and change on a regularly scheduled basis. In grades 10-12, students have open seating and may eat anytime during this division's open lunch period. |
| Form 990, Part VI, Section B, line 11 | Form 990 is prepared by the Academy's Controller with a review by the Academy's Business Manager, other key members of the Academy's management team and by an external tax preparer. The Board of Trustee's Audit & Risk Committee members with Academy employees (Head of School, Treasurer, Business Manager and Director of Finance) review the form in detail prior to filing with the Internal Revenue Service (IRS). Trustee members utilize this time to ask questions, clarify data and make suggestions for any changes. Any agreed upon changes are incorporated into the Form, with a final review undertaken by the Controller and the Business Manager. The Form is submitted electronically to the IRS in a timely manner. The Board of Trustees receive the Form 990 prior to the filing of the return. The Academy values those few donors who request that they remain anonymous to the community. To that end, to protect such donors and keep the school's promise that their identity will not be widely known, Schedule B of Form 990 is not provided to all Trustees of the Academy. All other portions of the Form 990 are provided to all Trustees. To be sure the board is aware of gifts and to protect the organization from the potential of inappropriate gifts to the school, the Board Chair, Head of School, Treasurer, and Director of Institutional Advancement are fully aware of the identity of all donors. Should any one of them determine that a donation might be inappropriate or pose a conflict with the organization, they are charged with raising the issue with the full board. The Academy publishes a comprehensive giving report on an annual basis that is available to the public. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest statement is directed to the Trustees, officers, those who make purchasing decisions, all persons who are described as management personnel and to anyone who has proprietary information concerning the Academy. Each employee must sign a statement annually which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy and has agreed to comply with the policy. The conflict of interest statement requires that individuals refrain from voting or participating in any matter or issue in which they have any potential conflict of interest. This is to ensure the Academy operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. Periodic review shall, at a minimum, include whether transactions between employees and the Academy are negotiated as the result of "arm's length bargaining and whether partnerships, joint ventures and any other business arrangements with the school are properly recorded. Transactions are further reviewed to ensure they reflect reasonable investment or payment for goods and services, they further charitable purposes and they do not result in inurement, impermissible private benefit or any excess benefit transaction. Accounting and other personnel are encouraged to report a situation involving a potential conflict of interest to an appropriate school official. |
| Form 990, Part VI, Section B, line 15 | The executive committee of the Board of Trustees takes responsibility for the evaluation of its two direct reports, the Head of School and the Treasurer, and for the determination of compensation for each of those individuals. The executive committee consists of the Board Chair, Vice Chair, Secretary, Assistant Secretary, Assistant Treasurer, and two at-large board members appointed by the Chair. All board members, including the members of the executive committee, submit a conflict of interest disclosure statement to the Chair of the board annually. These are utilized to determine that the committee members do not have any undisclosed conflicts of interest and they do not have any direct financial interest in the compensation provided to the Head of School or the Treasurer. In addition, at the time the executive committee considers compensation questions, each committee member is asked again to confirm that they do not have any conflicts of interest. The executive committee has, in some years, retained a compensation consultant intimately familiar with compensation for the heads of independent schools both in the region and nationally. The consultant has no financial or other interest in the compensation decisions made. The consultant has prepared a study of up to thirty or forty schools that are or may be comparable to the Academy in terms of complexity, size of operating budget, grade range and student body size. The consultant also considers heads of school with experience levels comparable to the Academy's Head of School. The consultant's compensation information includes evidence of salary, bonuses, benefits and other non-cash consideration that other heads of school may receive. The executive committee considers the information assembled by the consultant, and in addition, information gathered from Form 990's of other independent schools, news sources and independent school associations, in setting compensation for the Head of School, together with any information obtained from any evaluations that may have been performed, ordinarily in the spring and early summer, in advance of the beginning of the Academy's fiscal year. The executive committee maintains minutes of its meetings, including those in which compensation matters are considered. The Chair of the board reports the compensation decisions to the full board. The most recent compensation consultant study was completed during the 2009/10 fiscal year. The compensation consultant provided a letter to the Academy's executive committee confirming his judgment that the Head of School's compensation was reasonable and appropriate. As noted, this information is supplemented by more recent information. Determining comparability of the Treasurer's compensation is more difficult because of the paucity of information available. The Treasurer's position at the Academy involves a fairly unique set of responsibilities in independent schools, ranging from management of a substantial endowment to a wide range of debt management, legal, business, and financial matters. One of the reports done by the compensation consultant did include information regarding the Treasurer's compensation by comparability to the second highest paid officer of the subject schools. That information, coupled with information from a survey by an Association of School Business Officers, certain Form 990 information, and the knowledge of the members of the executive committee of compensation levels prevailing in the geographic area for persons with the skill set and work ethic necessary to fill this office have been used to set compensation since that study. The executive committee continues to look for additional means of doing comparisons of compensation. The executive committee uses additional resources for making compensation decisions. Form 990's from comparable schools continue to allow the Academy to proceed during most years, by considering those (perhaps with a limited accounting firm confirmation of the information) together with information available from independent schools and business associations each year, and adding in a consultant's study and report on a regular basis. |
| Form 990, Part VI, Section C, line 19 | The Academy keeps a database (updated annually) of financial institutions, bondholders and vendors who have requested a copy of the Academy's audited financial statements as a condition of providing credit and services to the school. After the financial statement audit is completed and accepted by the Board of Trustees, electronic copies of the statements are distributed to all entities in the database. The Academy does not currently make its governing documents or conflict of interest policy statements available to the public. |
| Form 990 - Part VIII - Statement of Revenue - Line 2e | The Academy's audited financial statements net financial assistance awarded against gross tuition revenue. For the fiscal year ended the Academy awarded assistance to 250 students. The assistance we award is a reduction to the total cost of tuition. We do not provide cash or non-cash awards. Financial assistance is awarded based solely upon demonstrated financial need. A family's need is assessed annually through a comprehensive screening process. The annual process requires that the family complete an application and provide the Academy with a full set of tax returns including all supporting schedules. To determine the appropriate financial assistance, the Academy utilizes a standard methodology provided by School and Student Services ("SSS") which is used by Independent Schools nationwide. This methodology calculates a contribution for each individual family based upon the family's specific financial situation and discretionary income. Prior to making an award, each applicant's file and proposed award is carefully reviewed by a committee to ensure the decisions are based on consistent application of need based criteria. Assistance is awarded to students as a reduction in their tuition, lunch fees, and/or other academic fees. No cash is distributed to recipients. The Academy awarded zero non-cash assistance for the fiscal year ended June 30, 2016. Financial assistance is awarded annually consistent with the current academic school year. Applicants must reapply annually by submitting a new application and current tax documentation. In addition to a committee review of each award, the Financial Assistance Office of the Academy conducts a random audit of files annually as another measure to ensure that financial assistance is being awarded appropriately and the proper supporting documentation was submitted as part of the application process. On a monthly basis, the Accounting Office of the Academy compares the financial assistance subsidiary ledger postings to a list of awards provided by the Financial Assistance Office to ensure there are no discrepancies between the two amounts. Any discrepancies are promptly researched and resolved. |
| Form 990 - Part VIII - Statement of Revenue - Line 2d | As a benefit to its employees the Academy provides tuition remission to students of employees. The Academy's audited financial statements net tuition remission against gross tuition revenue. Tuition remission is a reduction in tuition and the Academy awards no cash or non-cash grants as remission. Monthly the Academy accounting office reconciles tuition remission expense to supporting documentation. Any discrepancies are reviewed and corrected as needed. |
| Form 990 - Part XII - Financial Statements and Reporting - Line 2c | The Academy has an Audit and Risk Committee that assumes responsibility for oversight of the annual financial statement audit and the resulting financial statements. The Audit and Risk Committee is also responsible for assessing and selecting the external audit firm of the Academy. The Academy did not change its oversight or selection process for the appointment of its external audit firm during the tax year currently being reported on. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| Albuquerque Academy Educational Foundation | |||||||||
| 6400 Wyoming Blvd NE | Albuquerque | NM | 871093899 | 850381395 | Support New Mexico ISAS schools | NM | 501(c)(3) | Line 11a, I | Yes (1) |
| Albuquerque Academy Student Support Foundation | |||||||||
| 6400 Wyoming Blvd NE | Albuquerque | NM | 871093899 | 205895188 | Provide support to Albuquerque Academy | NM | 501(c)(3) | Line 11a, I | Yes (1) |
| Albuquerque Academy for Boys Trust #1 | |||||||||
| 1300 Merrill Lynch Drive | Pennington | NJ | 085341501 | 856008015 | Provide distributions to Albuquerque Academy for educational expenditures | NM | 501(c)(3) | Line 11d, III-O | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | High Desert Investment Corporation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 92933 | AddressLine1Txt |
| City | Albuquerque | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87199 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850394108 | EIN |
| Primary Activities | Real estate development | PrimaryActivitiesTxt |
| Legal Domicile State | NM | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Albuquerque Academy | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of EOY Assets | $11,926 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R - Part IV - High Desert Investment Corporation | FormAndLineReferenceDesc |
| Explanation | The following footnote disclosure was included in the Academy's consolidated financial statements for the year ended June 30, 2016: In 1991, The Academy's Board of Trustees formed High Desert Investment Corporation (High Desert), a for-profit entity for the initial purpose of acquiring and developing property owned by the Academy in the foothills of the Sandia Mountains in Albuquerque. High Desert suffered losses connected with the country's residential housing collapse in 2007 from which it has not recovered. High Desert ceased operations in 2012. High Desert does not operate in the name of, or for the account of, the Academy, bind the Academy by its actions, or act as an agent of the Academy. The financial activities of the Academy and High Desert Investment Corporation are reflected in the accompanying consolidated financial statements, and all significant interentity transactions are eliminated in consolidation. | ExplanationTxt |