2015-03-16T15:11:00-05:00 2014-06-30 381878652 GODFREY HAMMEL DANNEELS & CO PC 21420 GREATER MACK AVENUE ST CLAIR SHORES MI 480802353 990 2013-07-01 381359080 THE GROSSE POINTE ACADEMY GROS 3138861221 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 ROBERT J WANICKE JR DIR OF FINANCE & OPERATIONS 3138861221 2015-03-12 1 STEVEN J GUARINI CPA P00224264 5867728100 2015-03-12 2013 2016-04-25 22:37:26Z JOHN M MURPHY 171 LAKESHORE ROAD GROSSE POINTE FARMS MI 48236 6473807 0 X WWW.GPACADEMY.ORG X 1969 MI THE GROSSE POINTE ACADEMY IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING CHILDREN IN EARLY SCHOOL THROUGH GRADE EIGHT. 20 20 107 200 -9126 -7477 1540258 572018 4344580 3992606 1014712 1237481 60061 137865 6959611 5939970 1170091 857774 0 0 3811716 3097694 0 0 223219 1703639 1758921 6685446 5714389 274165 225581 18412456 18343817 7153075 6858855 11259381 11484962 X THE MISSION OF THE GROSSE POINTE ACADEMY IS TO NURTURE THE POTENTIAL OF EACH CHILD, ALLOWING STUDENTS TO DISCOVER THEIR UNIQUE STRENGTHS AND PASSIONS IN AN ENVIRONMENT FRAMED BY CHRISTIAN VALUES. WE CHALLENGE STUDENTS TO ACHIEVE EXCELLENCE IN ACADEMICS, CHARACTER, ATHLETICS, AND THE ARTS. WE INSPIRE STUDENTS TO ACQUIRE SKILLS REQUIRED FOR THEIR FUTURE SUCCESS AND TO DEVELOP THE CONFIDENCE TO COMMUNICATE, CONTRIBUTE, AND LEAD. 0 0 4470679 857774 3992606 AN INDEPENDENT EDUCATIONAL INSTITUTION THAT PROVIDES AN ENVIRONMENT OF LEARNING FOR STUDENTS IN GRADES PRESCHOOL THROUGH EIGHT OF VARIOUS SOCIAL, ECONOMIC, RELIGIOUS, AND CULTURAL BACKGROUNDS. 4470679 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 0 0 0 0 1 35 0 1 107 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X ROBERT J WANICKE JR 3138861221 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 GUS ANDREASEN TRUSTEE 5.00 X 0 0 0 BRIDGET BEARSS TRUSTEE 5.00 X 0 0 0 JAMES E BROCK JR FORMER TRUSTEE 5.00 X 0 0 0 LINDSEY FORD BUHL TRUSTEE 5.00 X 0 0 0 SANDRA CAVATAIO TRUSTEE 5.00 X 0 0 0 DONALD COLEMAN FORMER TRUSTEE 5.00 X 0 0 0 JON B COTTON TRUSTEE 5.00 X 0 0 0 HALI H GIESSLER TRUSTEE 5.00 X 0 0 0 RENEE JANOVSKY MEMBER AT LARGE 5.00 X 0 0 0 MARY JO JOHNSON TRUSTEE 5.00 X 0 0 0 TIFFANY KLAASEN TRUSTEE 5.00 X 0 0 0 DEBBIE MINANOV TRUSTEE 5.00 X 0 0 0 CAROLE J PEABODY TRUSTEE 5.00 X 0 0 0 WILLIAM M SMITH TRUSTEE 5.00 X 0 0 0 JOHN M MURPHY PRESIDENT 5.00 X X 0 0 0 JENNIFER FAUSTER VICE PRESIDENT 5.00 X X 0 0 0 BRIAN DEMKOWICZ TREASURER 5.00 X X 0 0 0 KEN FRUEHAUF FORMER TREASURER 5.00 X X 0 0 0 JACK VALENTE SECRETARY 5.00 X 0 0 0 KRISTEN VAN PELT CHAIR OF COMMITTEE ON TRUS 5.00 X 0 0 0 DEBBIE BAGBY TRUSTEE 5.00 X 0 0 0 KIMBERLY KENDRICK TRUSTEE 5.00 X 0 0 0 AMY TOMLINSON TRUSTEE 5.00 X 0 0 0 LARS KUELLING HEAD OF SCHOOL 40.00 X 173582 0 23972 ROBERT J WANICKE JR DIRECTOR OF FINANCE AND OP 40.00 X 85181 0 8987 258763 0 32959 1 0 1 0 PLUM MARKET FOOD SERVICE LLC 30777 NORTHWESTER HWY SUITE 301 FARMINGTON HILLS MI 48334 FOOD SERVICE PROVIDER 236382 1 381110 190908 190915 572018 TUITION & FEES 611710 3897249 3897249 STUDENT SUPPORT SERVICES 611710 95357 95357 3992606 1237481 1237481 55889 65015 -9126 -9126 -9126 609292 381110 468822 140470 140470 MISCELLANEOUS INCOME 900099 6521 6521 6521 5939970 3992606 -9126 1384472 857774 857774 258763 258763 2343058 1943463 321381 78214 319190 226887 73194 19109 176683 132955 38521 5207 10907 10907 26950 26950 90357 71279 19078 48806 3615 43817 1374 31656 15502 5013 11141 33222 28800 4422 189054 174512 4847 9695 16496 6774 9647 75 196578 171476 15015 10087 445847 380252 43227 22368 58034 47054 4706 6274 SUPPLIES 130455 92389 35469 2597 ADDITIONAL SERVICES 97672 83021 9767 4884 FOOD & SUPPLIES 91485 77762 9149 4574 EQUIPMENT RENTAL & MAIN 84811 62035 12189 10587 206591 95129 74429 37033 5714389 4470679 1020491 223219 500 500 276747 115516 173245 137488 209897 121510 56031 19269 17433024 7272242 10537052 10160782 7040840 7677173 118144 111579 18412456 18343817 522036 331558 334971 288879 5750000 5680000 546068 558418 7153075 6858855 X 5879041 8119397 3102037 2764763 2278303 600802 11259381 11484962 18412456 18343817 225581 0 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6889602 238069 5693552 1434119 6720712 715545 546655 6889602 9062112 -7743 2333657 6720712 7736238 1340924 15050 9062112 6782892 1500 974929 23083 7736238 0.00000 0.41890 0.58110 0 0 200000 200000 14606706 5895992 8710714 2626318 1376250 1250068 10160782 BONDS PAYABLE, CURRENT PORTION 70000 CONDITIONAL ASSET RETIREMENT OBLIGATION 237950 PENSION AND POST-RETIREMENT OBLIGATION 250468 558418 X 5147212 65016 65016 5082196 857774 857774 5939970 4921631 65016 65016 4856615 857774 857774 5714389 PART V, LINE 4: THE ACADEMY'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. EARNINGS FROM GENERAL ENDOWMENT FUNDS FUND SCHOOL OPERATIONS. EARNINGS FROM THE ENDOWMENT SCHOLARSHIP FUND FUND SCHOLARSHIPS AND EARNINGS FROM THE FACULTY ENDOWMENT ARE RESTRICTED FOR FACULTY SCHOLARSHIPS. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX AS PROVIDED UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). AS A RESULT, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY'S CONTINUED STATUS AS AN EXEMPT ORGANIZATION IS CONSIDERED TO BE A "TAX POSITION" IN THAT THE ACADEMY MUST ADHERE TO VARIOUS REQUIREMENTS TO REMAIN TAX-EXEMPT. IN ADDITION, ANY SCHOOL ACTIVITIES THAT MAY SUBJECT IT TO "UNRELATED BUSINESS TAXABLE INCOME" ARE ALSO CONSIDERED TAX POSITIONS. MANAGEMENT HAS ANALYZED THE ACADEMY'S MATERIAL TAX POSITIONS AS OF JULY 1, 2012 AND JUNE 30, 2014 AND 2013 AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXIST THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ACADEMY IS GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN NET RENTAL INCOME 65,016. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 857,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN NET RENTAL INCOME 65,016. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 857,774. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ACADEMY PROVIDES A STATEMENT IN ALL BROCHURES AND ADS FOR ADMISSIONS/OPEN HOUSE INVITATIONS TO THE PUBLIC. AN ANNUAL NOTICE IS PLACED IN THE DETROIT FREE PRESS NEWSPAPER. THE GROSSE POINTE ACADEMY IS COMMITTED TO A DIVERSE POPULATION. ACTION AUCTION 990402 381110 609292 242198 50356 35366 140902 990402 381110 609292 242198 50356 35366 140902 468822 140470 1 TUITION REMISSION 19 183770 FORMULA 65% DISCOUT ON EACH STUDENT. FINANCIAL AID 90 594155 NEED THIRD PARTY (FACTS) RECOMMENDATION. MULTIPLE STUDENT DISCOUNT 53 43099 FORMULA 5% DISCOUNT ON EACH ADDITIONAL CHILD. SCHOLARSHIPS 11 36750 CRITERIA PART I, LINE 2: STUDENTS APPLY FOR FINANCIAL AID EACH YEAR. AMOUNTS ARE AWARDED BASED ON NEED AND ARE APPLIED DIRECTLY TO THE STUDENTS' TUITION ACCOUNTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LARS KUELLING HEAD OF SCHOOL 173582 0 0 0 0 0 0 0 0 0 173582 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS ASKED TO LIVE IN A HOUSE ON THE SCHOOL CAMPUS WITH HIS FAMILY WITHOUT CHARGE FOR THE BENEFIT OF THE SCHOOL. THE HEAD OF SCHOOL DOES NOT PAY THE TUITION FOR HIS CHILDREN ABOVE THE REMISSION AND OTHER DISCOUNTS AFFORDED ALL EMPLOYEES. THE TUITION IS TREATED AS TAXABLE INCOME. A MICHIGAN STRATEGIC FUND 521417332 594698AA0 2005-08-01 6500000 CAPITAL IMPROVEMENTS 0 0 0 A 6500000 163837 6500000 2007 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 X VACATION PACK 5 92480 COST X JEWELRY 6 48600 COST X GIFT CARDS 2 7500 COST X ENTERTAINMENT 1 5000 COST X INTERIOR DESI 1 5000 COST X COMPUTER 1 1700 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, FORM 990 WILL BE REVIEWED BY THE DIRECTOR OF FINANCE, HEAD OF SCHOOL, AND CHAIRMAN OF THE BOARD AS WELL AS DISTRIBUTED TO THE FINANCE COMMITTEE MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE GIVEN THE CONFLICT OF INTEREST POLICY AT THE ANNUAL BOARD OF TRUSTEES RETREAT AND ASKED TO SIGN AND RETURN. CONFLICT OF INTEREST QUESTIONNAIRES ARE MAINTAINED BY THE BUSINESS OFFICE. IN THE EVENT A BOARD MEMBER HAS A CONFLICT, IT WOULD BE NOTED AND THEY WOULD BE REQUESTED TO EXCLUDE THEMSELVES FROM ANY VOTE/DISCUSSION RELATIVE TO SAID CONFLICT. ALL EMPLOYEES MUST ALSO SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES' PRESIDENT RECEIVED INFORMATION FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS COMPARING TOTAL COMPENSATION AND BENEFITS FOR THE RESPECTIVE POSITIONS AT PEER SCHOOLS. THE PRESIDENT MAKES A RECOMMENDATION TO THE BOARD FOR THEIR APPROVAL FOR THE HEAD OF SCHOOL'S COMPENSATION. THE DETERMINATION AND DECISION REGARDING COMPENSATION WAS DOCUMENTED CONTEMPORANEOUSLY IN THE BOARD MINUTES. A NEW DIRECTOR OF FINANCE STARTED IN DECEMBER 2010 AND HIS COMPENSATION WAS DETERMINED BY THE HEAD OF SCHOOLS AND THE DIRECTOR OF FINANCE COMMITTEE USING THE SAME PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. SCHEDULE D, PART V, LINE 1E OTHER EXPENDITURE FOR FACILITIES AND PROGRAMS INCLUDE A PRIOR PERIOD ADJUSTMENT OF NET ASSETS OF 5,630,090.