RYAN ACADEMY OF NORFOLK INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: RYAN ACADEMY OF NORFOLK INC (EIN 54-1503239)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-02
IRS object ID: 201301229349300400
Schema version: 2011v1.2
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 D
Schedule E
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-02T04:46:28-07:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT E NORMAN CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1904 SUNRISE DRIVE	AddressLine1
City	VIRGINIA BEACH	City
State	VA	State
ZIP Code	23455	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	541503239	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	RYAN ACADEMY OF NORFOLK VA	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	RYAN	NameControl
Phone	7575837926	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	844 JEROME AVENUE	AddressLine1
City	NORFOLK	City
State	VA	State
ZIP Code	23518	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SOTIRIOS A KARAGEORGE	Name
Title	PRESIDENT	Title
Phone	7575837926	Phone
Date Signed	2013-05-02	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT E NORMAN	Name
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	SOTIROS A KARAGEORGE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	844 JEROME AVENUE	AddressLine1
City	NORFOLK	City
State	VA	State
ZIP Code	23518	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	346531	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	RYANACADEMY.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1950	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	EDUCATION	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	20	TotalNbrEmployees
Total Nbr Volunteers	20	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	329029	ProgramServiceRevenuePriorYear
Program Service Revenue CY	294531	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	52000	OtherRevenuePriorYear
Other Revenue Current Year	52000	OtherRevenueCurrentYear
Total Revenue Prior Year	381029	TotalRevenuePriorYear
Total Revenue Current Year	346531	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	277648	SalariesEtcPriorYear
Salaries Etc Current Year	181276	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	116190	OtherExpensePriorYear
Other Expenses Current Year	144235	OtherExpensesCurrentYear
Total Expenses Prior Year	393838	TotalExpensesPriorYear
Total Expenses Current Year	325511	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-12809	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	21020	RevenuesLessExpensesCY
Total Assets BOY	17015	TotalAssetsBOY
Total Assets EOY	56940	TotalAssetsEOY
Total Liabilities BOY	23344	TotalLiabilitiesBOY
Total Liabilities EOY	61429	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-6329	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-4489	NetAssetsOrFundBalancesEOY
Mission Description	EDUCATION	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	367797	Expense
Grants	346921	Grants
Revenue	346921	Revenue
Description	PRIVATE SCHOOL PROVIDING EDUCATION GRADES 1 - 12	Description
Total Program Service Expense	324260	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	20	NumberOfEmployees
Employment Tax Returns Filed	false	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	THE ORGANIZATION	NamePerson
Telephone Number	7575837926	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	844 JEROME AVENUE	AddressLine1
City	NORFOLK	City
State	VA	State
ZIP Code	23518	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
SOTIROS A KARAGEORGE
PRESIDENT	4.00	X	X	0	0	0
MARTHA C KARAGEORGE
TREASURER	0.30	X	X	0	0	0
LOUIS PAULSON
BOARD MEMBER	0.30	X		0	0	0
JERROLD RICE
VP & HEADMASTER	40.00	X	X	44000	0	0
ALEXIS KARAGEORGE
SECRETARY	40.00	X	X	23333	0	0
PHILIP KARAGEORGE
BOARD MEMBER	0.30	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	67333	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
PROGRAM INCOME	611600	2039
ATHLETIC CLUB FEES	611600	4523
PROGRAM SERVICE FEES	611600
TUITION CHARGES	611600	282269
SPECIAL EVENTS INCOME	611600	5700

Field	Value	IRS element (for citing)
Total Program Service Revenue	294531	TotalProgramServiceRevenue

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	52000	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	52000	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	52000	TotalRevenueColumn
Related Or Exempt Function Income	52000	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	346531	TotalRevenueColumn
Related Or Exempt Function Income	346531	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	181276	Total
Program Services	181276	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	239	Total
Program Services	239	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	7923	Total
Program Services	7923	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	2425	Total
Program Services	2425	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1795	Total
Program Services	1795	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	10287	Total
Program Services	10287	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	679	Total
Program Services	679	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	879	Total
Program Services	879	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	323	Total
Program Services	323	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1251	Total
Program Services	0	ProgramServices
Management And General	1251	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	25780	Total
Program Services	25780	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
UTILITIES	53979	53979
STUDENT ACTIVITIES EXPENSE	10272	10272
MAINTENANCE	21904	21904
POSTAGE	539	539

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	5960	Total
Program Services	5960	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	325511	Total
Program Services	324260	ProgramServices
Management And General	1251	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	15261	BOY
EOY	55186	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	53270	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	51516	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1754	BOY
EOY	1754	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	17015	BOY
EOY	56940	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	9510	BOY
EOY	41029	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	13834	BOY
EOY	20400	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	23344	BOY
EOY	61429	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-6329	BOY
EOY	-4489	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-6329	BOY
EOY	-4489	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	17015	BOY
EOY	56940	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	21020	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	53270	InvestmentCostOrOtherBasis
Depreciation	51516	Depreciation
Book Value	1754	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1754	TotalOfBookValueLandBuildings

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	false	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	ExplanationExplanation
Line 3	THE NONDISCRIMINATION POLICY IS MADE KNOWN THROUGH SCHOOL SPOKEPERSONS, BROCHURES, ADVERTISING, MEDIA AND DURING PUBLIC AND PRIVATE PRESENTATIONS OF SCHOOL FACILITIES AND PROGRAMS
Line 6b	EDUCATION

Schedule L IRS990ScheduleL

Loan Table LoanTable

Field	Value	IRS element (for citing)
Name Person	SOTIRIOS A KARAGEORG	NamePerson
Purpose Of Loan	CAPITAL LOAN	PurposeOfLoan
Loan To Organization	X	LoanToOrganization
Original Principal	$12,800	OriginalPrincipalAmount
Balance Due	20400	BalanceDue
Default	false	Default
Approved By Board	false	ApprovedByBoard
Written Agreement	false	WrittenAgreement

Field	Value	IRS element (for citing)
Total Balance Due	20400	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (21 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 2	SOTIRIOS A. KARAGEORGE. MARTHA C. KARAGEORGE, AND ALEXIS
	KARAGEORGE SHARE A FAMILY RELATIONSHIP.
Pt VI, Line 11a	THIS FORM 990 IS AN ATTACHMENT TO FORM 1023 AND AS SUCH WAS
	NOT FILED SEPARATELY. THIS FORM 990 WILL BE REVIEWED BY THE
	BOARD AS PART OF THE ENTIRE FORM 1023.
Pt VI, Line 15	THE RYAN ACADEMY APPROVES COMPENSATION ARRANGEMENTS BASED ON
	INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED
	TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES,
	CURRENT COMPENSTION SURVEYS COMPILED BY INDEPENDENT FIRMS,
	OR ACTUAL WRITTEN OFFERS SIMILARLY SITUATED ORGANIZATIONS AS
	CIRCUMSTANCES DICTATE.
Pt VI, Line 19	THE RYAN ACADEMY WILL CONSIDER SPECIFIC REQUESTS TO EXAMINE
	ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND
	FINANCIAL STATEMENTS.
SCHD L, PART II	LOANS TO AND FROM INTERESTED PERSONS:
	(A) NAME OF PERSON: SOTIRIOS A. KARAGEORGE
	(B) PURPOSE OF LOAN: OPERATIONS
FORM 990,PART x, LINE 27	OTHER INCREASE IN NET ASSETS
	THERE WAS AN OTHER INCREASE IN NET ASSETS. (2) COMPUTERS
	WERE FOUND AND PLACED ON THE BOOKS DURING 2010.
Form 990, Part IX, Line 24f	BANK SERVICE FEES 221. 221. 0. 0. REGISTRATION FEES 950. 950. 0. 0. BOOKS, SUBSCRIPTIONS 200. 200. 0. 0. TEXTBOOKS 1967. 1967. 0. 0. TEXTBOOKS CONSUMABLE 1865. 1865. 0. 0. STAFF UNIFORMS 310. 310. 0. 0. OTHER EXPENSE 447. 447. 0. 0.