2014-01-31T09:12:16-06:00 2013-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2012-07-01 581224983 WHITEFIELD ACADEMY INC % MICHELLE DURRETT WHIT 6783053000 1 WHITEFIELD DRIVE Suite MABLETON GA 30126 KEVIN BRACHER 6783053000 2014-02-15 true MARC AZAR 4048746244 2012 2015-11-30 17:44:51Z MICHELLE DURRETT 1 WHITEFIELD DRIVE MABLETON GA 30126 14190459 false X http://www.whitefieldacademy.com X 1974 GA WHITEFIELD ACADEMY IS A CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL THAT BOLSTERS CHRISTIAN FAMILIES WITH A PASSION FOR LEARNING. THE SCHOOL REQUIRES ACADEMIC EXCELLENCE BASED IN EVANGELICAL CHRISTIANITY. 14 14 179 50 8249 1456783 1732243 11580310 11929276 137648 103524 95763 129515 13270504 13894558 1298060 1358650 0 0 6004593 6272641 0 0 479299 4550067 5462003 11852720 13093294 1417784 801264 50428381 49842104 24167728 22199048 26260653 27643056 X WHITEFIELD ACADEMY IS A CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL THAT BOLSTERS CHRISTIAN FAMILIES IN REARING YOUNG PEOPLE WHO GO ON TO COLLEGE AND LIFE WITH A PASSION FOR LEARNING, FOR OTHERS AHEAD OF SELF, AND FOR THE LIVING AND ACTIVE JESUS. WHITEFIELD ACADEMY OPERATES PRE-KINDERGARTEN THROUGH HIGH SCHOOL WITH TIME-TESTED PRACTICES AND QUALITIES OF A TOP PREP SCHOOL. THE SCHOOL REQUIRES ACADEMIC EXCELLENCE WITHOUT EXCUSE BASED IN EVANGELICAL CHRISTIANITY WITHOUT APOLOGY. THE SCHOOL BUILDS A STRONG SENSE OF COMMUNITY THROUGH RESPONSIBILITY AND INITIATIVE WITHOUT MANIPULATION OR COERCION. false false 611710 9855316 1358650 12095136 THE WHITEFIELD EDUCATIONAL PROGRAM INCLUDES THE TRADITIONAL ACADEMIC DISCIPLINES AS WELL AS RELIGIOUS STUDIES, SPORTS, THEATER, ART, AND COMMUNITY SERVICE. WE ACCEPT STUDENTS FROM ALL CHRISTIAN DENOMINATIONS WHO WISH TO JOIN OTHER CHRISTIAN BELIEVERS IN PROVIDING CHILDREN THE FINEST CHRIST-CENTERED PREPARATORY SCHOOL EDUCATION. ENROLLMENT 652, PK4-12. 9855316 true true false false false false false false false true true false false false true true true false true false false false false false true true false false true true false false false false true false false false true false false false false false false false false true 96 0 179 true true true false false false false true true false false false false X 14 14 false false false false false false false true false false false true true true true true true true false false GA X MICHELLE DURRETT 6783053024 1 WHITEFIELD DRIVE MABLETON GA 30126 X W Allen Bell 1.0 X 0 0 0 Jason Bilotti 1.0 X 0 Marsha Burke 1.0 X 0 Rocky Butler 1.0 X 0 Bob Fugate 1.0 X 0 Bill Gaston 1.0 X 0 Daryl Jones 1.0 X 0 Laurel Lemasters 1.0 X 0 Valeria MacPhail 1.0 X 0 Al Panu 1.0 X 0 Leslie Pearce 1.0 X 0 Terry Shilling 1.0 X 0 Allen Thomas 1.0 X 0 Jonathan Youssef 1.0 X 0 John Lindsell 40.0 X 264953 22304 Michelle Durrett 40.0 X 139398 11041 Kevin Bracher 40.0 X 85429 85041 Thomas Wood 40.0 X 132581 35552 Susan Banke 40.0 X 100351 10412 722712 0 164350 4 false true false Sage Dining Services 222 Bosley Avenue TOWSON MD 21204 Food & Catering 668795 Info Tank 34 Lake Latimer Drive KENNESAW GA 30144 Info Technology Svcs 237537 C D Marketing 1400 Bridle Path Drive LAWRENCEVILLE GA 30045 Janitorial 216140 3 X 171237 1561006 772170 1732243 ACADEMIC PROGRAM 611710 11358408 11358408 ATHLETIC PROGRAM & SUMMER CAMP 711210 15569 15569 FOOD & BUS SERVICES 711210 412450 412450 CLUB CUB 611600 142849 142849 11929276 103825 103825 0 0 6849 6849 0 6849 6849 33788 35411 33841 35659 -53 -248 -301 -301 165603 171237 98372 67231 67231 27500 27500 0 0 135977 100529 35448 35448 VENDING,CONCESSION 900099 1171 1171 YEARBOOK 511130 15925 1400 14525 MISCELLANEOUS 900099 2891 2891 19987 13894558 11964724 8249 189342 0 1358650 1358650 0 0 287566 218286 57869 11411 0 4982117 3788548 993750 199819 177871 128067 42689 7115 444733 357650 72770 14313 380354 289069 76071 15214 0 42678 42678 51007 26611 24396 0 0 14410 14410 323558 258846 48534 16178 160122 80061 80061 131468 94005 37463 253196 202557 41658 8981 0 740207 592165 111034 37008 0 0 0 373745 373745 0 1178932 939278 180949 58705 116528 96718 15149 4661 FOOD SERVICE 606842 606842 INTEREST RATE SWAP TERMINATION 449723 449723 ATHLETICS 172848 172848 DEVELOPMENT OFFICE 100826 100826 745913 645115 95730 5068 13093294 9855316 2758679 479299 X 3671112 3961183 3727288 3111121 3271711 2073411 5114274 5593069 0 0 0 0 0 0 80492 83229 165872 189207 41121432 10382272 30269860 30739160 4122938 4091724 0 0 0 0 0 0 4834 0 50428381 49842104 2064091 585257 0 0 9761137 10620322 0 0 0 0 0 0 10900000 10300000 0 0 1442500 693469 24167728 22199048 X 23553180 26040524 1659973 554832 1047500 1047700 26260653 27643056 50428381 49842104 X 801264 47311 -60000 593828 X false true X true false X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1038619 200 72874 38121 1073572 1068368 500 8066 38315 1038619 970709 500 136039 38880 1068368 889758 121235 40284 970709 1185700 1000 -151183 52505 79839 13415 889758 0.94989 0.05011 false false 5076782 5076782 32837194 7786194 25051000 626613 321277 305336 2391203 2128316 262887 189640 146485 43155 30739160 0 CONSTRUCTION LOAN 693469 INTEREST RATE SWAP 0 693469 X 12669338 47311 100529 147840 12521498 14410 1358650 1373060 13894558 11286935 -43576 -43576 11330511 14410 1748373 1762783 13093294 Schedule D, Part V, Line 2a, 2b, & 2c Actual Endowment Funds estimated percentage of the year end balance held as: A: board designated or quasi-endowment: -2.6012% B: permanent endowment: 97.5901% C: term endowment: 5.0111% Schedule D, Part X, Line 2 The Academy is recognized as an organization exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (the "Code"). Only unrelated business income, as defined by Section 512(a)(1) of the Code is subject to income taxes. The Academy's unrelated business income is not significant. The Academy annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the academy takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards cofification. In general, the Academy is no longer subject to tax examinations for the tax years ending June 30, 2010. Schedule D, Part XI, Line 2d Reconciliation of Rev per Audited Financial Statments with Rev per Return Cost of Goods Sold for Campus store: $100,529 Schedule D, Part XI, Line 4b Reconciliation of Rev per Audited Financial Statments with Rev per Return Grants netted on financials w/ tuition expense: $1,358,650 Schedule D, Part XII, Line 2d Reconciliation of Exp per Audited Financial Statments with Exp per Return Unrealized gain on Interest Rate Swap: $(144,105) Cost of Goods Sold for Campus store: 100,529 ------------ Total $(43,576) Schedule D, Part XII, Line 4b Reconciliation of Exp per Audited Financial Statments with Exp per Return Grants netted on financials w/ tuition expense: $1,358,650 Cost to Terminate Interest Swap 449,723 Prior period adjustemnt related to Uncollectible tuition & pledges: (60,000) ------------- Total $1,748,373 Schedule D, Part XIV Supplemental Information WHITEFIELD ACADEMY HAS ENDOWMENT ACCOUNTS ESTABLISHED TO PRIMARILY AWARD FINANCIAL ASSISTANCE SCHOLARSHIPS TO MINORITY STUDENTS WHOSE FAMILIES DEMONSTRATE ECONOMIC NEED. OTHER ENDOWED SCHOLARSHIPS ARE FOR AWARDING STUDENTS WHO MEET CERTAIN SERVICE REQUIREMENTS, AND FOR ENHANCING THE LIBRARIES OF THE SCHOOL. THE AMOUNT FOR FY 2013 IS $58,957. true true true true true true true false false false false false false false false false false true Part I, Line 3 The racially nondiscriminatory policy is published in admissions materials, enrollment contracts and on the website. COXE CURRY FUNDRAISING CONSULTING false AUCTION 336840 171237 165603 19260 79112 0 336840 171237 165603 19260 79112 98372 67231 27500 7700 19800 false 27500 7700 19800 27500 GA true false false false 0.00000 1.00000 Michelle Durrett 1 Whitefield Drive Mableton GA 30126 false false true TUITION ASSISTANCE 148 1358650 Book Tuition GRANTS & OTHER ASSISTANCE SCHEDULE I, PART I, Line 2 TUITION ASSISTANCE IS GRANTED TO STUDENTS BASED ON CALCULATED NEED. A THIRD PARTY PROVIDER PROCESSES THE APPLICATIONS, AND PROVIDES THE SCHOOL WITH AN ASSESSMENT OF THE FAMILY'S ABILITY TO PAY TUITION. THE SCHOOL EXAMINES TAX RETURNS AND OTHER SUPPLEMENTAL INFORMATION ALONG WITH THE INDEPENDENT ASSESSMENT AND ALLOCATES THE AVAILABLE AID BASED ON THE CALCULATED NEEDS. X X X X X false false false false false false false false false John Lindsell 264953 0 0 13463 9150 287566 0 Thomas Wood 132581 0 0 6996 28865 168442 Michelle Durrett 139398 0 0 6996 4331 150725 Kevin Bracher 85429 0 0 4452 80862 170743 68400 TUITION ASSISTANCE X 4 33841 FMV X 1 738329 CASH RECEIVED false true true Schedule M, Part I, Line 9 Number of contributions based on contributions received. Schedule M, Part I, Line 32b WHEN STOCK CONTRIBUTIONS ARE RECEIVED BY THE SCHOOL, CHARLES SCHWAB IMMEDIATELY SELLS THE STOCK. Part VI, Section A, Line 8 MINUTES ARE TAKEN FOR THE GOVERNING BODY, BUT NOT CONSISTENTLY FOR COMMITTEES OF THE BOARD. Part VI, Section A, Line 9 ALL TRUSTEES, DIRECTORS AND KEY EMPLOYEES CAN BE CONTACTED THROUGH THE ORGANIZATION'S ADDRESS AS STATED ON THE FIRST PAGE OF FORM 990. Part VI, Section B, Line 11 THE FINANCE COMMITTEE REVIEWED AND APPROVED THE 990. THE FINAL VERSION WAS DISTRIBUTED BY EMAIL IN PDF FORMAT TO THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. Part VI, Section B, Line 12c The conflict of interest policy is monitored by the governing board annually. All Board members are required to disclose any conflicts of interest. All conflicts are discussed by the governing board. Part VI, Section B, Line 15a A HEADMASTER SEARCH COMMITTEE REVIEWS OTHER ORGANIZATIONS' FORMS 990 TO DETERMINE THE COMPENSATION FOR THE NEW HEADMASATER. THIS PROCESS IS OUTLINED IN THE HEADMASTER'S EMPLOYMENT CONTRACT. THE BOARD REVIEWS THE HEADMASTER'S PERFORMANCE ANNUALLY TO DETERMINE WHETHER A MERIT OR COLA INCREASE IS IN ORDER. Part VI, Section B, Line 15b BOARD OFFICERS ARE NOT COMPENSATED. COMPENSATION FOR KEY EMPLOYEES OTHER THAN THE HEADMASTER WAS INITIALLY SET BASED ON COMPARABLE MARKET STATISTICS, AND IS EVALUATED ANNUALLY BY THE HEADMASTER RELATIVE TO COMPARABLE ORGANIZATIONS AND POSITIONS. Part VI, Section C, Line 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, POLICIES OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. THE 990 AND 1023 IS AVAILABLE UPON REQUEST. Part VII, Section A, Line 1a Kevin became interim headmaster in January of 2013 and headmaster in May of 2013.