2015-02-06T06:54:57-06:00 2014-06-30 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2013-07-01 561898871 CALDWELL ACADEMY CALD 3366651161 2900 HORSEPEN CREEK RD GREENSBORO NC 27410 JODY GORDON TREASURER 3366651161 2015-01-21 1 ARTHUR M WINSTEAD JR CPA P00002868 3362759886 2013 2016-02-25 16:41:14Z JODY GORDON 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 7534546 0 X WWW.CALDWELLACADEMY.COM X 1994 NC CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 11 10 198 500 0 0 238667 1294170 5839557 6175180 6419 187 134284 45286 6218927 7514823 162577 181177 0 0 3756919 4461085 0 0 275778 2073668 2873217 5993164 7515479 225763 -656 16871657 16994088 13134163 13230621 3737494 3763467 CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BILBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILD BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 0 0 6261164 181177 6175180 OPERATED A K-12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. IN JULY 2013, THE SCHOOL MERGED THE OPERATIONS OF AN OUTSIDE PRESCHOOL INTO ITS K-12 OPERATIONS. THE PRESCHOOL THROUGH 12TH GRADE OPERATIONS INCLUDE RELATED SCHOOL ACTIVITIES SUCH AS CLUBS AND SPORTS. IN THE CURRENT SCHOOL YEAR 2013/2014, 683 STUDENTS WERE ENROLLED IN THE SCHOOL'S K-12 PROGRAM. THERE WERE 126 STUDENTS ENROLLED IN THE PRESCHOOL PROGRAM. 6261164 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 29 0 1 198 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X BILL BISHOP 3366651161 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 BELL RONNY BOARD MEMBER 1.00 X 0 0 0 CARLOCK KRISTIN CHAIRMAN 1.00 X X 0 0 0 CROSSLEY PATTY BOARD MEMBER 1.00 X 0 0 0 GORDON JODY TREASURER 1.00 X X 0 0 0 GRIEVES BRETT VICE CHAIRMAN 1.00 X X 0 0 0 HOLLEY LAURA BOARD MEMBER 1.00 X 0 0 0 KIRKPATRICK JIM BOARD MEMBER 1.00 X 0 0 0 NORRIS STEVE BOARD MEMBER 1.00 X 0 0 0 TOWERY TIM SECRETARY 1.00 X X 0 0 0 BISHOP WILLIAM BUSINESS MANAGER 40.00 X 70076 0 6577 GUTHRIE MARK HEAD OF SCHOOL 40.00 X 140555 0 23228 210631 0 29805 1 0 1 0 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING JANITORIAL 106166 1 1294170 1294170 STUDENT TUITION, FEES 611600 5964809 5964809 OTHER OPERATING REVENU 611600 179441 179441 BOOSTER CLUB INCOME 611600 25918 25918 FOTA INCOME 611600 5012 5012 6175180 7045 7045 809 0 809 809 809 1687 5171 -1687 -5171 -6858 -6858 57342 12865 44477 44477 7514823 6175180 0 45473 X 181177 181177 265912 34323 197266 34323 3610645 3278474 207981 124190 75323 69496 3345 2482 223107 208196 8906 6005 286098 246044 28610 11444 21933 21933 11549 9932 1617 4119 4119 50414 43356 5041 2017 210422 187543 16342 6537 10439 8977 1044 418 272531 234377 27253 10901 529502 455372 52950 21180 41476 35669 4148 1659 BOND FEES 288393 248018 28839 11536 BOND INTEREST RATE SWAP 241382 241382 REPAIRS AND MAINTENANCE 176290 151609 17629 7052 CLEANING/JANITORIAL 135746 116741 13575 5430 879021 751860 96557 30604 7515479 6261164 978537 275778 224524 2678325 4256046 1126232 10476 930199 165412 223175 7139 16265 16487377 4786541 11790556 11700836 177447 209021 240057 109035 1000 16871657 16994088 151540 79111 2876524 2977484 8535000 8377638 1571099 1796388 13134163 13230621 X 3551951 2551078 185543 1212389 3737494 3763467 16871657 16994088 -656 26629 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185542 1200 31574 218316 157052 8095 20395 185542 154143 2909 157052 130038 24105 154143 116545 13493 130038 1.00000 0.00000 0.00000 0 0 1840435 1840435 11649382 2998952 8650430 1213939 874662 339277 1783621 912927 870694 11700836 ACCRUED SALARIES AND PAYROLL WITHHOLDINGS 283182 LIABILITY UNDER INTEREST RATE SWAP 1513206 1796388 X 7496907 26629 26629 7470278 44545 44545 7514823 7470934 0 7470934 44545 44545 7515479 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING CALDWELL ACADEMY WHO ARE PART OF A FAMILY WHERE A PARENT HAS PASSED AWAY. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ACADEMYS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ACADEMY DOES NOT RECEIVE INCOME THAT IS NOT RELATED TO ITS TAX EXEMPT PURPOSE. THE ACADEMY ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE ACADEMY BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2014 AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, THE ACADEMYS INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOSTER EXPENSES NETTED IN FINANCIAL STATEMENTS, NOT 990 25,918. FUNDRAISING EXPENSE NETTED IN FINANCIAL STATEMENTS, NOT 990 13,530. FOTA EXP NETTED IN FINANCIAL STATEMENTS, NOT 990 5,097. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER EXPENSES NETTED IN FINANCIAL STATEMENTS, NOT 990 25,918. FUNDRAISING EXPENSE NETTED IN FINANCIAL STATEMENTS, NOT 990 13,530. FOTA EXP NETTED IN FINANCIAL STATEMENTS, NOT 990 5,097. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 DURING THE ANNUAL REGISTRATION PERIOD, CALDWELL PUBLISHES ITS STATEMENT OF NON-DISCRIMINATORY POLICY IN THE AREA NEWSPAPER OF GREATEST CIRCULATION. SPRING AUCTION 31320 31320 2193 8105 INNISBROOK SALES 7186 7186 4 18836 18836 2567 57342 57342 2193 10672 12865 44477 1 FINANCIAL AID PROVIDED TO STUDENTS TO HELP MEET TUITION NEEDS. 70 181177 % VALUE OF GROSS YEARLY TUITION THE SCHOOL PROVIDES SCHOLARSHIP AID FOR STUDENTS WHO QUALIFY FOR THE AID BASED ON OBJECTIVE CRITERIA. PART I, LINE 2: THE SCHOOL MAINTAINS A SCHEDULE OF STUDENTS WHO RECEIVE SCHOLARSHIPS/FINANCIAL AID TO OFFSET TUITION. X X X 0 0 0 0 0 0 0 0 0 GUTHRIE MARK HEAD OF SCHOOL 140555 0 0 0 0 0 3936 0 19292 0 163783 0 0 0 A PUBLIC FINANCE AUTHORITY (UNDER LAWS OF STATE OF WISCONSIN) 273866124 2014-05-01 8400000 REFINANCE OF PREVIOUS BONDING ISSUE 0 0 0 A 8285000 8400000 115000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 SUNTRUST BANK 19.000000000000 0 0 0 0 0 A 0 X 10 110147 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 COPY OF THE 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX(990) IS PROVIDED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY BOARD MEETING PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS RECEIVE NO DISCOUNTS OR FREE GOODS OR SERVICES. ALL DIRECTORS MUST AGREE TO CONFLICT OF INTEREST POLICY PRIOR TO SERVING ON THE BOARD. THE BOARD OF DIRECTORS, ANNUALLY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT BY SIGNING A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 HEAD OF SCHOOL COMPENSATION IS DETERMINED BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USE COMPARATIVE DATA FOR HEADS OF SCHOOLS IN THE GEOGRAPHIC AREA OF NORTH CAROLINA AND IS CONTEMPORANEOUSLY DOCUMENTED WITH AN EMPLOYEE EVALUATION AND IN BOARD MINUTES(IN GENERAL). BUSINESS MANAGER COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL, USING COMPARATIVE DATA FOR EMPLOYEES IN SAME POSITION IN SAME GEOGRAPHIC AREA. THE BOARD APPROVES THE COMPENSATION IN BUDGET FOR THE BUSINESS MANAGER. EVALUATION IS CONTEMPORANEOUSLY DOCUMENTED IN EMPLOYEE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 CALDWELL MAKES ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E HOT LUNCH: PROGRAM SERVICE EXPENSES 128,545. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 128,545. USE OF ANNUAL FUNDS, MISCELLANEOUS: PROGRAM SERVICE EXPENSES 90,722. MANAGEMENT AND GENERAL EXPENSES 10,553. FUNDRAISING EXPENSES 4,217. TOTAL EXPENSES 105,492. CAPITAL IMPROVEMENTS EXPENSE: PROGRAM SERVICE EXPENSES 70,977. MANAGEMENT AND GENERAL EXPENSES 8,253. FUNDRAISING EXPENSES 3,301. TOTAL EXPENSES 82,531. ATHLETICS: PROGRAM SERVICE EXPENSES 72,167. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,167. CURRICULUM AND BOOKS: PROGRAM SERVICE EXPENSES 71,474. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,474. GROUNDS MAINTENANCE: PROGRAM SERVICE EXPENSES 55,580. MANAGEMENT AND GENERAL EXPENSES 6,463. FUNDRAISING EXPENSES 2,585. TOTAL EXPENSES 64,628. OPERATIONS ASSISTANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 60,017. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,017. BOOSTER CLUB EXPENSES: PROGRAM SERVICE EXPENSES 39,948. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,948. FINE ARTS: PROGRAM SERVICE EXPENSES 31,935. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,935. VEHICLE: PROGRAM SERVICE EXPENSES 25,987. MANAGEMENT AND GENERAL EXPENSES 3,022. FUNDRAISING EXPENSES 1,209. TOTAL EXPENSES 30,218. PRINTING COPYING: PROGRAM SERVICE EXPENSES 18,424. MANAGEMENT AND GENERAL EXPENSES 2,142. FUNDRAISING EXPENSES 857. TOTAL EXPENSES 21,423. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 20,118. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,118. CLASSROOM SUPPLIES: PROGRAM SERVICE EXPENSES 18,730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,730. CLASS PROJECTS/CLUBS: PROGRAM SERVICE EXPENSES 17,526. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,526. YEARBOOK: PROGRAM SERVICE EXPENSES 13,941. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,941. FUNDRAISING ACTIVITIES EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 13,530. TOTAL EXPENSES 13,530. TESTING: PROGRAM SERVICE EXPENSES 13,096. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,096. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 10,469. MANAGEMENT AND GENERAL EXPENSES 1,217. FUNDRAISING EXPENSES 487. TOTAL EXPENSES 12,173. TELEPHONE: PROGRAM SERVICE EXPENSES 9,454. MANAGEMENT AND GENERAL EXPENSES 1,099. FUNDRAISING EXPENSES 440. TOTAL EXPENSES 10,993. ADVANCEMENT AND RECRUITING: PROGRAM SERVICE EXPENSES 9,893. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,893. SCHOOL EVENTS: PROGRAM SERVICE EXPENSES 7,754. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,262. TOTAL EXPENSES 9,016. POSTAGE: PROGRAM SERVICE EXPENSES 7,057. MANAGEMENT AND GENERAL EXPENSES 821. FUNDRAISING EXPENSES 328. TOTAL EXPENSES 8,206. FOTA-FRIENDS OF THE ARTS REVENUE EXPENSE: PROGRAM SERVICE EXPENSES 5,097. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,097. BANK AND BROKWERAGE CHARGES: PROGRAM SERVICE EXPENSES 4,257. MANAGEMENT AND GENERAL EXPENSES 495. FUNDRAISING EXPENSES 198. TOTAL EXPENSES 4,950. CABLE AND DATA: PROGRAM SERVICE EXPENSES 3,658. MANAGEMENT AND GENERAL EXPENSES 425. FUNDRAISING EXPENSES 170. TOTAL EXPENSES 4,253. HEAD OF SCHOOL: PROGRAM SERVICE EXPENSES 616. MANAGEMENT AND GENERAL EXPENSES 1,849. FUNDRAISING EXPENSES 616. TOTAL EXPENSES 3,081. HOSPITALITY ADVANCEMENT: PROGRAM SERVICE EXPENSES 1,323. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,323. TOTAL EXPENSES 2,646. AMORTIZATION: PROGRAM SERVICE EXPENSES 1,731. MANAGEMENT AND GENERAL EXPENSES 201. FUNDRAISING EXPENSES 81. TOTAL EXPENSES 2,013. LIBRARY: PROGRAM SERVICE EXPENSES 1,281. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,281. OUTSIDE FACILITY RENTAL: PROGRAM SERVICE EXPENSES 100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100. FORM 990, PART XII LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR. CHRIST PRESCHOOL 369 AIR HARBOR RD GREENSBORO NC 27455 454121211 PRESCHOOL NC 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CHRIST PRESCHOOL R 28027 NET REALIZABLE VALUE