WAYLAND ACADEMY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- WAYLAND ACADEMY (EIN 39-0806363)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-12-10
- IRS object ID
- 201313449349300711
- Schema version
- 2012v2.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-12-10T16:03:33-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390974031 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEGNER CPAS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2110 LUANN LN | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 537133074 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390806363 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYLAND ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAYL | NameControl |
| Phone | 9203562120 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 N UNIVERSITY AVE | AddressLine1 |
| City | BEAVER DAM | City |
| State | WI | State |
| ZIP Code | 539162253 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RODNEY MILLER | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 9203562120 | Phone |
| Date Signed | 2013-11-25 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JENNY TARKOWSKI CPA | Name |
| PTIN | P00634290 | PTIN |
| Phone | 6082744020 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RODNEY MILLER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 N UNIVERSITY AVE | AddressLine1 |
| City | BEAVER DAM | City |
| State | WI | State |
| ZIP Code | 539162253 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8217685 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WAYLAND.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1855 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | TO PREPARE YOUNG PEOPLE FOR A SUCCESSFUL COLLEGE EXPERIENCE AND A RAPIDLY CHANGING WORLD BY OPENING THEIR MINDS TO THE PURSUIT OF KNOWLEDGE AND THEIR HEARTS TO THE DEVELOPMENT OF STRONG CHARACTER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 62 | TotalNbrEmployees |
| Total Nbr Volunteers | 350 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 809604 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3380491 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4781614 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4596636 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 209105 | InvestmentIncomePriorYear |
| Investment Income Current Year | 193874 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -3577 | OtherRevenuePriorYear |
| Other Revenue Current Year | -5202 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5796746 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8165799 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2586000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2708342 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 535478 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3463827 | OtherExpensePriorYear |
| Other Expenses Current Year | 3523522 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6049827 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6231864 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -253081 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1933935 | RevenuesLessExpensesCY |
| Total Assets BOY | 22420136 | TotalAssetsBOY |
| Total Assets EOY | 26564047 | TotalAssetsEOY |
| Total Liabilities BOY | 5188421 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5310952 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 17231715 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 21253095 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PREPARE YOUNG PEOPLE FOR A SUCCESSFUL COLLEGE EXPERIENCE AND A RAPIDLY CHANGING WORLD BY OPENING THEIR MINDS TO THE PURSUIT OF KNOWLEDGE AND THEIR HEARTS TO THE DEVELOPMENT OF STRONG CHARACTER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4333447 | Expense |
| Revenue | 4602917 | Revenue |
| Description | WAYLAND ACADEMY IS A COEDUCATIONAL COLLEGE PREPARATORY BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9-12. AT WAYLAND ACADEMY, WE PREPARE OUR STUDENTS FOR THE RIGORS OF HIGHER EDUCATION THROUGH A CHALLENGING, ROBUST CURRICULUM AND A STRONG EMPHASIS ON PERSONAL RESPONSIBILITY AND DILIGENCE. FOR THE 2012-13 ACADEMIC YEAR, 173 STUDENTS REPRESENTING 16 COUNTRIES AND 12 STATES WERE ENROLLED AT WAYLAND ACADEMY. | Description |
| Total Program Service Expense | 4333447 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 20 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 62 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RODNEY MILLER | NamePerson |
| Telephone Number | 9203562120 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 N UNIVERSITY AVE | AddressLine1 |
| City | BEAVER DAM | City |
| State | WI | State |
| ZIP Code | 539162253 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| WILLIAM LUEDKE IV | ||||||
| CHAIR | 8.00 | X | X | 0 | 0 | 0 |
| ELIZABETH PARKER | ||||||
| VICE CHAIR/TREASURER | 6.00 | X | X | 0 | 0 | 0 |
| MICHAEL VANHAREN | ||||||
| SECRETARY | 6.00 | X | X | 0 | 0 | 0 |
| HARRY CODY | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JOHN FISHER | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JOSEPH GREEN III | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| SHELLEY GREENWOOD | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JAMES JANIK | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| RICHARD KIMBERLY | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JOHN MCKINSTRY | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JANET MILLERMAIER MD | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| GARY NELSON | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| ROSINA SAMADANI PHD | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| DAVID LARSON | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| SCOTT LOWELL | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| GEORGIANNA STARZ | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| BURNETT SULLIVAN | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JOHN MCCONNELL | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| PETE PATTERSON | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| JOE LENNERTZ | ||||||
| PRESIDENT | 40.00 | X | X | 118411 | 0 | 19406 |
| BRIAN CHEEK | ||||||
| PRESIDENT | 40.00 | X | X | 99164 | 0 | 18532 |
| JAMES DOWNING | ||||||
| TRUSTEE | 4.00 | X | 0 | 0 | 0 | |
| RODNEY MILLER | ||||||
| CHIEF FINANCIAL OFFICER | 40.00 | X | 96573 | 0 | 12138 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 314148 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 50076 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC | |||||
| 4880 PAYSPHERE CIR | CHICAGO | IL | 606740048 | FACILITIES MANAGEMENT AND FOOD SERVICE | 1276176 |
| INTER-QUEST INC | |||||
| 304 S SPRING STREET | BEAVER DAM | WI | 539162334 | TECHNOLOGY SERVICES | 166038 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 111866 | FundraisingEvents |
| All Other Contributions | 3268625 | AllOtherContributions |
| Noncash Contributions | 189392 | NoncashContributions |
| Total Contributions | 3380491 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611110 | 4430558 | 4430558 |
| OTHER PROGRAM SERVICES | 900099 | 123774 | 123774 |
| CAMP REVENUE | 611699 | 42304 | 42304 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4596636 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 193874 | TotalRevenueColumn |
| Exclusion | $193,874 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 16945 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 111866 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 28428 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -11483 | TotalRevenueColumn |
| Exclusion | -$11,483 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 29739 | GrossSalesOfInventory |
| Cost Of Goods Sold | 23458 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6281 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6281 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8165799 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4602917 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $182,391 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336426 | Total |
| Program Services | 200712 | ProgramServices |
| Management And General | 84117 | ManagementAndGeneral |
| Fundraising | 51597 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1933476 | Total |
| Program Services | 1153510 | ProgramServices |
| Management And General | 483428 | ManagementAndGeneral |
| Fundraising | 296538 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73195 | Total |
| Program Services | 43668 | ProgramServices |
| Management And General | 18301 | ManagementAndGeneral |
| Fundraising | 11226 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201532 | Total |
| Program Services | 120234 | ProgramServices |
| Management And General | 50389 | ManagementAndGeneral |
| Fundraising | 30909 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163713 | Total |
| Program Services | 97671 | ProgramServices |
| Management And General | 40933 | ManagementAndGeneral |
| Fundraising | 25109 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6815 | Total |
| Management And General | 6815 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34866 | Total |
| Management And General | 34866 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34078 | Total |
| Management And General | 34078 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 592603 | Total |
| Program Services | 590376 | ProgramServices |
| Management And General | 2227 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25297 | Total |
| Management And General | 10490 | ManagementAndGeneral |
| Fundraising | 14807 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 552875 | Total |
| Program Services | 269303 | ProgramServices |
| Management And General | 268599 | ManagementAndGeneral |
| Fundraising | 14973 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 137829 | Total |
| Program Services | 137829 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1211017 | Total |
| Program Services | 1099356 | ProgramServices |
| Management And General | 111661 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103257 | Total |
| Program Services | 35835 | ProgramServices |
| Management And General | 67422 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44965 | Total |
| Program Services | 3714 | ProgramServices |
| Management And General | 4640 | ManagementAndGeneral |
| Fundraising | 36611 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1285 | Total |
| Management And General | 1285 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 542908 | Total |
| Program Services | 542908 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97190 | Total |
| Management And General | 97190 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| DUES AND SUBSCRIPTIONS | 16975 | 9062 | 7913 |
| BAD DEBT EXPENSE | 10058 | 10058 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111504 | Total |
| Program Services | 29269 | ProgramServices |
| Management And General | 28527 | ManagementAndGeneral |
| Fundraising | 53708 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6231864 | Total |
| Program Services | 4333447 | ProgramServices |
| Management And General | 1362939 | ManagementAndGeneral |
| Fundraising | 535478 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 219341 | BOY |
| EOY | 252050 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1568357 | BOY |
| EOY | 1693466 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72496 | BOY |
| EOY | 143156 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42126 | BOY |
| EOY | 67749 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38239 | BOY |
| EOY | 33707 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83311 | BOY |
| EOY | 59315 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 19744647 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9621869 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10577668 | BOY |
| EOY | 10122778 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14846 | BOY |
| EOY | 14860 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28215 | BOY |
| EOY | 25837 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9775537 | BOY |
| EOY | 14151129 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22420136 | BOY |
| EOY | 26564047 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308820 | BOY |
| EOY | 285902 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2323094 | BOY |
| EOY | 2575186 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2346334 | BOY |
| EOY | 2253945 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3251 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 206922 | BOY |
| EOY | 195919 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5188421 | BOY |
| EOY | 5310952 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6859301 | BOY |
| EOY | 6630689 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1277313 | BOY |
| EOY | 2756579 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9095101 | BOY |
| EOY | 11865827 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17231715 | BOY |
| EOY | 21253095 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22420136 | BOY |
| EOY | 26564047 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1933935 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1277838 | ReconciliationUnrealizedInvest |
| Reconcilation Prior Adjustment | 612507 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 197100 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9221503 | BeginningOfYearBalance |
| Contributions | 2480302 | Contributions |
| Investment Earnings Or Losses | 1454712 | InvestmentEarningsOrLosses |
| Other Expenditures | 400000 | OtherExpenditures |
| Administrative Expenses | 34078 | AdministrativeExpenses |
| End Of Year Balance | 12722439 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9448765 | BeginningOfYearBalance |
| Contributions | 82800 | Contributions |
| Investment Earnings Or Losses | 133781 | InvestmentEarningsOrLosses |
| Other Expenditures | 413178 | OtherExpenditures |
| Administrative Expenses | 30665 | AdministrativeExpenses |
| End Of Year Balance | 9221503 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8222929 | BeginningOfYearBalance |
| Contributions | 121665 | Contributions |
| Investment Earnings Or Losses | 1522701 | InvestmentEarningsOrLosses |
| Other Expenditures | 386822 | OtherExpenditures |
| Administrative Expenses | 31708 | AdministrativeExpenses |
| End Of Year Balance | 9448765 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7169596 | BeginningOfYearBalance |
| Contributions | 368532 | Contributions |
| Investment Earnings Or Losses | 1114864 | InvestmentEarningsOrLosses |
| Other Expenditures | 400000 | OtherExpenditures |
| Administrative Expenses | 30063 | AdministrativeExpenses |
| End Of Year Balance | 8222929 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9166306 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -1578968 | InvestmentEarningsOrLosses |
| Other Expenditures | 390579 | OtherExpenditures |
| Administrative Expenses | 27163 | AdministrativeExpenses |
| End Of Year Balance | 7169596 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.87960 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.12040 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 395335 | OtherCostOrOtherBasis |
| Book Value | 395335 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16833819 | OtherCostOrOtherBasis |
| Depreciation | 7570907 | Depreciation |
| Book Value | 9262912 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2346022 | OtherCostOrOtherBasis |
| Depreciation | 1926000 | Depreciation |
| Book Value | 420022 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 169471 | OtherCostOrOtherBasis |
| Depreciation | 124962 | Depreciation |
| Book Value | 44509 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10122778 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (6 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INVESTMENT INCOME RECEIVABLE | 53993 |
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 639663 |
| BENEFICIAL INTEREST IN ASSETS HELD IN TRUST | 2480393 |
| CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES | 85925 |
| INSTITUTIONALLY MANAGED FUNDS | 10199061 |
| BENEFICIAL INTERESTS IN CHARITABLE REMAINDER TRUSTS | 692094 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 14151129 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SPECIAL ASSESSMENT LEVY OBLIGATIONS | $17,537 |
| FUTURE ANNUITY PAYMENTS | $156,055 |
| CLUB DUES | $22,327 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 195919 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 9550530 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1277838 | NetUnrealizedGainsInvestments |
| Other Revenues | 83435 | OtherRevenues |
| Revenue Not Rptd F990 | 1361273 | RevenueNotRptdF990 |
| Revenue Subtotal | 8189257 | RevenueSubtotal |
| Other Revenues Not Included | -23458 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -23458 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8165799 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6221244 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 23458 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 23458 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6197786 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 34078 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 34078 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6231864 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | COLLECTION ITEMS ACQUIRED BY CONTRIBUTION SINCE 1997 ARE NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE COLLECTION ITEM IS A WORK OF ART THAT IS HELD FOR PUBLIC EXHIBITION IN THE COURTYARD OF THE CAMPUS. THE ITEM WAS RECEIVED IN OCTOBER 2007 AND HAD AN APPRAISED VALUE OF APPROXIMATELY $31,000 AT THE TIME OF DONATION. THIS COLLECTION ITEM IS NOT SUBJECT TO ANY RESTRICTIONS BY THE DONOR. | |
| PART III, LINE 4: | THE ACADEMY'S COLLECTION ITEM IS A WORK OF ART THAT IS HELD FOR PUBLIC EXHIBITION IN THE COURTYARD OF THE CAMPUS. THE WORK OF ART BEAUTIFIES THE CAMPUS FOR STUDENTS, PARENTS, PROSPECTIVE STUDENTS, AND OTHER VISITORS. | |
| PART V, LINE 4: | THE ORGANIZATION'S ENDOWMENT FUNDS ARE PRIMARILY USED TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ATTENDING WAYLAND ACADEMY. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| CHANGE IN VALUE OF PERPETUAL TRUST 47,211. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -11,905. INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -34,078. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST 82,207. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -23,458. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 23,458. | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE ACADEMY'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ALL ADVERTISING PUBLISHED IN NEWSPAPERS OF GENERAL CIRCULATION. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SPRING GALA | NameOfEvent1 |
| Gross Receipts Event1 | 128811 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 111866 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 16945 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 1145 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 4149 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 2757 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 1000 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 1167 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 18260 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 128811 | GrossReceiptsTotal |
| Charitable Contributions Total | 111866 | CharitableContributionsTotal |
| Gross Revenue Total Events | 16945 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 1145 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 4149 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 2757 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 1000 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1167 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 18260 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 28478 | DirectExpenseSummaryEvents |
| Net Income Summary | -11533 | NetIncomeSummary |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 189392 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET QUOTATIONS | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | AN INDEPENDENT, PROFESSIONALLY-LICENSED BROKER IS USED TO SELL ALL PUBLICLY-TRADED SECURITIES DONATED TO THE ACADEMY. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | THE ACADEMY DOCUMENTS ALL MEETINGS HELD AND ACTIONS UNDERTAKEN BY THE GOVERNING BODY. MINUTES OF MEETINGS HELD BY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY ARE GENERALLY NOT TAKEN. MEMBERS OF THESE COMMITTEES ARE GENERALLY ALSO MEMBERS OF THE GOVERNING BODY AND ACTIONS UNDERTAKEN BY THESE COMMITTEES ARE REPORTED TO THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PREPARED FORM 990 IS REVIEWED BY THE MEMBERS OF THE GOVERNING BODY, THE PRESIDENT, AND THE CHIEF FINANCIAL OFFICER BEFORE THE RETURN IS FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO VERBALLY DISCLOSE ALL CONFLICTS OF INTEREST AT EACH QUARTERLY BOARD MEETING AND ARE ANNUALLY REQUIRED TO SIGN CONFLICT OF INTEREST DISCLOSURE STATEMENTS. IF A CONFLICT ARISES, THAT BOARD MEMBER RECUSES THEMSELF FROM VOTING. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CHAIRPERSON MEETS WITH THE ACADEMY'S PRESIDENT ANNUALLY TO DISCUSS HIS PERFORMANCE EVALUATION AND COMPENSATION PACKAGE. COMPARABILITY DATA IS OBTAINED BUT IS NOT SOLELY UTILIZED IN DETERMINING THE COMPENSATION PACKAGE. THE FINANCIAL ABILITY OF THE ACADEMY TO PAY APPROPRIATE COMPENSATION IS A MAJOR FACTOR IN DETERMINING THE COMPENSATION PACKAGE. A WRITTEN CONTRACT IS SIGNED BY THE CHAIRPERSON AND THE PRESIDENT. OTHER OFFICERS ARE ANNUALLY EVALUATED BY THE PRESIDENT. COMPARABILITY DATA IS OBTAINED BUT IS NOT SOLELY UTILIZED FOR DETERMINING COMPENSATION PACKAGES. THE FINANCIAL ABILITY OF THE ACADEMY TO PAY APPROPRIATE COMPENSATION IS A MAJOR FACTOR IN DETERMINING THE COMPENSATION PACKAGE. A WRITTEN ONE-YEAR CONTRACT IS SIGNED BY THE OFFICER AND THE PRESIDENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ACADEMY MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ON A CASE-BY-CASE BASIS. | |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF PERPETUAL TRUST 47,211. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -11,905. CHANGE IN VALUE OF BENEFICIAL INTEREST IN ASSETS HELD IN TRUST 82,207. CHANGE IN VALUES OF BENEFICIAL INTERESTS IN CHARITABLE REMAINDER TRUSTS 79,587. | CHANGES IN NET ASSETS OR FUND BALANCES: |