2015-04-08T13:47:46-05:00 2014-07-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2013-08-01 540618173 MOUNTAIN MISSION SCHOOL INC MOUN 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 CHRISTOPHER L SLONE PRESIDENT 2769352954 2015-04-07 1 THOMAS S GREER P00067526 4232824511 2015-04-04 2013 2016-02-25 16:41:14Z CHRISTOPHER L SLONE 1760 EDGEWATER DRIVE GRUNDY VA 24641 3229249 0 X WWW.MOUNTAINMISSIONSCHOOL.ORG X 1921 VA THE CHILD OF POVERTY, NEGLECT OR ABUSE FINDS HOPE AND OPPORTUNITY AT MOUNTAIN MISSION SCHOOL. 10 10 72 2000 3685 0 2184257 2726945 67053 306480 276847 41202 127132 154622 2655289 3229249 39109 48788 0 0 1465999 1697807 0 0 111174 2578315 2198153 4083423 3944748 -1428134 -715499 17099326 16533662 381076 403683 16718250 16129979 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY (HOME, SCHOOL, AND CHURCH) FOR CHILDREN WITH LEGITIMATE NEEDS REGARDLESS OF THEIR RACE, COLOR, AGE AND CREED. THE SCHOOL OPERATES AS A NONPROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF VIRGINIA. 0 0 2803217 48788 302795 MOUNTAIN MISSION SCHOOL IS A FULL CHILD CARE FACILITY (HOME, SHCOOL, AND CHURCH) FOR CHILDREN WITH LEGITIMATE NEEDS REGARDLESS OF THEIR RACE, COLOR, AGE AND CREED. THE SCHOOL OPERATES AS A NON-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF VIRGINIA. 2803217 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 14 0 1 72 1 1 1 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 VA X CHRISTOPHER L SLONE PRESIDENT 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 WILLIAM NEELEY CHAIRMAN 1.00 X X 0 0 0 DAVID G MATNEY-080113 TO 100213 SECRETARY/TREASURER 1.00 X X 0 0 0 LOIS CLARKE-100313 TO 073114 SECRETARY/TREASURER 1.00 X X 0 0 0 O J GARDNER TRUSTEE 1.00 X 0 0 0 LUTTON LYLE TRUSTEE 1.00 X 0 0 0 JAMES W MCGLOTHLIN TRUSTEE 1.00 X 0 0 0 AGNES M MULLINS TRUSTEE 1.00 X 0 0 0 JOSEPH PARKER TRUSTEE 1.00 X 0 0 0 MICHAEL QUILLEN TRUSTEE 1.00 X 0 0 0 JOE D SLONE TRUSTEE 1.00 X 0 0 0 JOHN E DEGAFFERELLY TRUSTEE EMERITUS 1.00 X 0 0 0 JAMES MARVIN SWINEY FORMER CHAIRMAN 1.00 X X 0 0 18185 CHARLIECE S SWINEY FORMER SECRETARY/TREASURER 1.00 X 0 0 17991 CYNTHIA S RODDA FORMER PRESIDENT 1.00 X 0 0 32500 CHRISTOPHER L SLONE PRESIDENT 50.00 X 52025 0 0 CHRIS A MITCHELL CHIEF FINANCIAL OFFICER 50.00 X 61775 0 0 ERNEST R HERTZOG VICE PRESIDENT OF OUTREACH 50.00 X 26996 0 0 140796 0 68676 0 0 0 0 SYSCO 900 TENNESSEE AVENUE KNOXVILLE TN 379212630 FOOD SERVICE 169836 1 771627 1955318 2726945 MORRISON SETTLEMENT-FO 611110 222526 222526 STUDENT FEES 611110 44870 44870 OTHER INCOME 611110 29615 25930 3685 DINNERS/RECEPTIONS 611110 9469 9469 306480 41202 41202 154622 0 154622 154622 154622 3229249 302795 3685 195824 48788 48788 172428 26996 145432 1002864 831146 91718 80000 430033 92333 337700 92482 67059 15342 10081 8118 8118 39036 9518 29518 44385 22193 22192 43167 26995 16172 96674 96674 390395 339648 50747 52004 48887 3117 759835 531884 227951 67932 42590 25342 FOOD SERVICES 299857 299857 MAINTENANCE - BUILDING 81312 71944 9368 VEHICLES 59194 41436 17758 STUDENT STIPENDS 43388 43388 212856 161881 29882 21093 3944748 2803217 1030357 111174 500463 457778 290122 286181 400000 502438 7338 1001 10909 33735 25266559 11545657 14094226 13720902 1796268 1531627 17099326 16533662 381076 290130 48333 0 65220 381076 403683 X 15031799 14343168 1006326 1070698 680125 716113 16718250 16129979 17099326 16533662 -715499 127228 0 X 0 1 X 0 0 X 3475000 3166311 1621049 2184257 2726945 13173562 3475000 3166311 1621049 2184257 2726945 13173562 1355616 11817946 635822 446535 282547 282479 41202 1688585 14862147 610260 0.79520 X SCHEDULE A, PART I, LINES 2 AND 7 MOUNTAIN MISSION SCHOOL, INC. RECEIVED AN IRS DETERMINATION LETTER IN OCTOBER, 1939 STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART I, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. PER THE 2013 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE SCHOOL TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12068744 40380 1291529 -990374 -138426 12271853 10428659 454250 1307488 -121653 12068744 10112154 316505 10428659 0.89640 0.10130 0.00230 0 0 5281450 5281450 14631751 7864611 6767140 1934040 1602249 331791 3419318 2078797 1340521 13720902 CASH 38821 F FIXED INCOME 195319 F MUTUAL FUNDS 647414 F CORPORATE STOCKS 521296 F REAL ESTATE AND TANGIBLES 64592 F HEDGE FUNDS 64185 F 1531627 DUE TO RELATED ORGANIZATION 65220 65220 X 3943108 127228 1358258 1485486 2457622 771627 771627 3229249 3948988 4240 4240 3944748 0 3944748 PART V, LINE 4: THE UNRESTRICTED ENDOWMENTS ARE FOR GENERAL USE. THE TEMPORARILY RESTRICTED ENDOWMENTS ARE RESTRICTED FOR SCHOLARSHIPS. THE PERMANENTLY RESTRICTED ENDOWMENTS ARE FOR STAFF AND GENERAL USE. PART X, LINE 2: NOTE 1 - TAX EXEMPT STATUS AND UNCERTAIN TAX POSITIONS THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. THE SCHOOL FOLLOWS FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JULY 31, 2014, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JULY 31, 2014. GENERALLY, THE TAX YEARS BEFORE 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 1,358,258. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION THAT 771,627. WAS ELIMINATED IN CONSOLIDATED FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 4,240. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MOUNTAIN MISSION SCHOOL'S ADVERTISEMENTS EXPRESS THE SCHOOL'S INTENT TO PROVIDE EDUCATION FOR STUDENTS IN FINANCIAL NEED REGARDLESS OF RACE. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING MOUNTAIN MISSION SCHOOL IN BUCHANAN COUNTY, VIRGINIA. 43 48788 0 N/A N/A PART I, LINE 2: COLLEGE TUITION: DURING THE 2013-2014 SCHOOL YEAR, MOUNTAIN MISSION SCHOOL HAD TWO STUDENTS WHO HAD GRADUATED FROM THE SCHOOL LIVING ON CAMPUS AND ATTENDING THE COMMUNITY COLLEGE. THE SCHOOL PAID FOR THEIR TUITION AND BOOKS. STUDENTS WHO RECEIVED FINANCIAL AID REIMBURSED THE SCHOOL FOR THESE COSTS. ALSO REPRESENTED IN THE COLLEGE TUITION CATEGORY ARE THE COSTS FOR THE HIGH SCHOOL DUAL-ENROLLMENT COURSES WITH SOUTHWEST VIRGINIA COMMUNITY COLLEGE. MOUNTAIN MISSION SCHOOL PAYS THE TUITION TO THE COLLEGE, AND THEN A SUBSTANTIAL PORTION IS RETURNED TO THE SCHOOL FROM THE COLLEGE AS A REIMBURSEMENT. SCHOLARSHIPS: MOUNTAIN MISSION SCHOOL DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED ANNUALLY DURING CLASS NIGHT PRIOR TO GRADUATION. SCHOLARSHIPS ARE PAYABLE DIRECTLY TO THE COLLEGE THE STUDENT ATTENDS. IN SOME CASES THE SCHOLARSHIP MAY BE USED TO PURCHASE A COMPUTER REQUIRED FOR STUDIES OR USED TOWARD STUDY ABROAD THROUGH THE STUDENT'S COLLEGE. IN BOTH CASES FUNDS ARE MADE PAYABLE TO THE PROVIDER OF THE GOODS. SCHOLARSHIPS ARE NOT DISBURSED DIRECTLY TO THE STUDENT. MOUNTAIN MISSION SCHOOL'S PROCEDURES FOR MONITORING SCHOLARSHIP FUNDS ARE AS FOLLOWS. THE SCHOOL HAS A SCHOLARSHIP COMMITTEE WHICH REPORTS TO THE SCHOOL PRESIDENT. THIS COMMITTEE IS CHARGED WITH THE GRANTING OF SCHOLARSHIPS, AND THE SCHOOL'S ADMINISTRATIVE OFFICE OVERSEES THEIR DISBURSEMENT. ALL TRANSACTIONS ARE DOCUMENTED. AN AUDIT IS PERFORMED ANNUALLY BY THE SCHOOL'S INDEPENDENT AUDITORS. CHRISTOPHER L SLONE PRESIDENT 15080 CHRISTOPHER L. SLONE IS THE PRESIDENT OF THE SCHOOL. HIS WIFE, SUSAN SLONE, IS THE ASSISTANT TO THE PRESIDENT. HER GROSS SALARY FOR THE 2013 CALENDAR YEAR WAS $15,080. 0 CYNTHIA S RODDA FORMER PRESIDENT 32500 CYNTHIA S. RODDA IS THE FORMER PRESIDENT OF THE SCHOOL. HER HUSBAND, WILLIAM S. RODDA, IS AN EMPLOYEE OF THE SCHOOL. HIS GROSS SALARY FOR THE 2013 CALENDAR YEAR WAS $32,500. 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES MARVIN SWINEY, FORMER CHAIRMAN, AND CHARLIECE S. SWINEY, FORMER SECRETARY/TREASURER, ARE HUSBAND AND WIFE. BOTH RESIGNED 07/15/13. CYNTHIA S. RODDA, FORMER PRESIDENT, IS THEIR DAUGHTER. SHE RESIGNED 12/31/11. LOIS CLARKE, SECRETARY/TREASURER, IS AN EMPLOYEE OF JAMES W. MCGLOTHLIN, TRUSTEE. JOE D. SLONE, TRUSTEE, IS THE FATHER OF CHRISTOPHER L. SLONE, PRESIDENT. SUSAN SLONE, ASSISTANT TO THE PRESIDENT, IS THE WIFE OF CHRISTOPHER L. SLONE, PRESIDENT. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE. THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF ALL EXECUTIVE MANAGEMENT PERSONNEL IS SET BY THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE FILED WITH THE STATE OF VIRGINIA. MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION 1760 EDGEWATER DRIVE GRUNDY VA 24614 541747332 CONDUCT AND SUPPORT ACTIVITIES FBO MOUNTAIN MISSION SCHOOL, INC. VA 501(C)(3) LINE 11B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION C 771627 CASH PAID