2012-12-28T15:23:18-06:00 2012-06-30 SMITH & HOWARD PC 171 17TH STREET SUITE 900 ATLANTA GA 30363 990 2011-07-01 581224983 WHITEFIELD ACADEMY INC % MICHELLE DURRETT WHIT 6783053000 ONE WHITEFIELD DRIVE MABLETON GA 30126 John Lindsell 2013-02-15 true MARC AZAR 4048746244 2011 2016-02-25 16:41:14Z MICHELLE DURRETT ONE WHITEFIELD DRIVE MABLETON GA 30126 13355524 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 14 175 40 11325 -132 5865468 1456783 10914371 11580310 143433 137648 30998 95763 16954270 13270504 1127884 1298060 0 0 5722972 6004593 47772 0 450995 4691039 4550067 11589667 11852720 5364603 1417784 46681942 50428381 21757256 24167728 24924686 26260653 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 9247505 1298060 11813721 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 655, PK4-12. 9247505 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 56 0 175 true true true false false false false false 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 ONE WHITEFIELD DRIVE MABLETON GA 30126 W Allen Bell 1.0 X 0 0 0 Jason Bilotti 1.0 X 0 0 0 Marsha Burke 1.0 X 0 0 0 Rocky Butler 1.0 X 0 0 0 Bob Fugate 1.0 X 0 0 0 Bill Gaston 1.0 X 0 0 0 Daryl Jones 1.0 X 0 0 0 Laurel Lemasters 1.0 X 0 0 0 Valeria MacPhail 1.0 X 0 0 0 Al Panu 1.0 X 0 0 0 Leslie Pearce 1.0 X 0 0 0 Terry Shilling 1.0 X 0 0 0 Allen Thomas 1.0 X 0 0 0 Jonathan Youssef 1.0 X 0 0 0 John Lindsell 40.0 X 273654 0 20839 Thomas Wood 40.0 X 129300 0 32537 Michelle Durrett 40.0 X 132628 0 10368 535582 0 63744 3 false true false Sage Dining Services 222 Bosley Avenue TOWSON MD 21204 Food & Catering 648453 Coventry Healthcare PO Box 6502 CAROLSTREAM IL 60197 Medical Insurance 520824 Info Tank 34 Lake Latimer Drive KENNESAW GA 30144 Info Technology Svcs 207248 C D Marketing 1400 Bridle Path Drive LAWRENCEVILLE GA 30045 Janitorial 186120 4 1456783 7244 1456783 ACADEMIC PROGRAM 611710 11004681 11004681 ATHLETIC PROGRAM & SUMMER CAMP 711210 30859 30859 FOOD & BUS SERVICES 711210 416664 416664 CLUB CUB 611600 128106 128106 11580310 134974 134974 0 0 9775 9775 9775 9775 5031 2357 2674 2674 2674 0 0 119577 82663 36914 36914 VENDING,CONCESSION 900099 1694 1694 YEARBOOK 511130 18568 1550 17018 MISCELLANEOUS 900099 28812 28812 49074 13270504 11617224 11325 185172 0 1298060 1298060 0 0 292167 221679 58851 11637 0 4738302 3602781 945571 189950 167217 120396 40132 6689 441072 352683 74505 13884 365835 278035 73167 14633 0 20459 20459 48572 37971 10601 0 0 14455 14455 246247 196998 36937 12312 85526 42763 42763 142063 98434 43629 238273 190619 39139 8515 0 681497 545199 102224 34074 0 0 0 409748 409748 0 916509 729474 141443 45592 104142 86438 13538 4166 FOOD SERVICE 599795 599795 ATHLETICS 245528 245528 DEVELOPMENT OFFICE 103335 103335 PRE-KINDERGARTEN - FIFTH GRADE 91636 91636 602282 509016 87058 6208 11852720 9247505 2154220 450995 6063740 3671112 3128181 3727288 4072091 3271711 5161106 5114274 0 0 0 0 0 0 80110 80492 166318 165872 39478041 9208181 23268135 30269860 4732760 4122938 0 0 0 0 0 0 9501 4834 46681942 50428381 511251 2064091 0 0 9413745 9761137 0 0 0 0 0 0 11200000 10900000 0 0 632260 1442500 21757256 24167728 X 15559411 23553180 8318275 1659973 1047000 1047500 24924686 26260653 46681942 50428381 X 1417784 -81817 X false true true X false X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1068368 500 8066 38315 1038619 970709 500 136039 38880 1068368 889758 121235 40284 970709 1185700 1000 -151183 52505 79839 13415 889758 0.98526 0.01474 false false 4763926 4763926 31720495 6798097 24922398 522736 269990 252746 2308777 2011047 297730 162107 129047 33060 30269860 0 CONSTRUCTION LOAN 848279 INTEREST RATE SWAP 594221 1442500 13270504 11852720 1417784 -48515 -71341 38039 -81817 1335967 11992137 -48515 82663 34148 11957989 14455 1298060 1312515 13270504 10656170 44624 44624 10611546 14455 1226719 1241174 11852720 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: -2.3291% B: permanent endowment: 100.8551% C: term endowment: 1.4740% 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 of the financial accounting standards cofification. In general, the Academy is no longer subject to tax examinations for the tax years ending June 30, 2009. Schedule D, Part XI, Line 8 Reconciliation of Change in Net Assets from 990 to Audited Financial Stmts Unrealized gain on Interest Rate Swap: $(38,039). Schedule D, Part XII, Line 2d Reconciliation of Rev per Audited Financial Statments with Rev per Return Cost of Goods Sold for Bookstore: $82,663 Schedule D, Part XII, Line 4b Reconciliation of Rev per Audited Financial Statments with Rev per Return Grants netted on financials w/ tuition expense: $1,298,060 Schedule D, Part XIII, Line 2d Reconciliation of Exp per Audited Financial Statments with Exp per Return Unrealized gain on Interest Rate Swap: $(38,039) Cost of Goods Sold for Bookstore: 82,663 ------------ Total $ 44,624 Schedule D, Part XIII, Line 4b Reconciliation of Exp per Audited Financial Statments with Exp per Return Grants netted on financials w/ tuition expense: $1,298,060 Prior period adjustemnt related to Uncollectible tuition & pledges: (71,341) ------------- Total $1,226,719 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 2012 IS $54,986. 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. true TUITION ASSISTANCE 143 1298060 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 false false false false false false false true false John Lindsell 258654 0 15000 13134 8014 294802 0 Thomas Wood 129300 0 6825 26021 162146 0 Schedule J, Part II, Line 7 The Headmaster, John Lindsell received a bonus for completion of the capital campaign. 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 XI, Line 5 Reconciliation of Net Assets Beginning of the year Net Assets: $24,924,686 Net Income from Activities: 1,417,784 Unrealized Loss: (48,515) Unrealized Gain from SWAP Interest: 38,039 Prior period adjustemnt related to Uncollectible tuition & pledges: (71,341) -------------- End of the year Net Assets: $26,260,653