GROSSE POINTE ACADEMY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- GROSSE POINTE ACADEMY (EIN 38-1359080)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-13
- IRS object ID
- 201331339349300748
- Schema version
- 2011v1.5
- 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 B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-13T13:39:07-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381357951 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 307 | AddressLine1 |
| City | SOUTHFIELD | City |
| State | MI | State |
| ZIP Code | 480370307 | 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 | 381359080 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GROSSE POINTE ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GROS | NameControl |
| Phone | 3138861221 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 LAKE SHORE ROAD | AddressLine1 |
| City | GROSSE POINTE FARMS | City |
| State | MI | State |
| ZIP Code | 48236 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT J WANICKE JR | Name |
| Title | DIR OF FINANCE & OPERATIONS | Title |
| Phone | 3138861221 | Phone |
| Date Signed | 2013-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUSAN MIENCIER | Name |
| PTIN | P00842339 | PTIN |
| Phone | 2483522500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN M MURPHY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 LAKE SHORE ROAD | AddressLine1 |
| City | GROSSE POINTE FARMS | City |
| State | MI | State |
| ZIP Code | 48236 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8627242 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GPACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1969 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | THE GROSSE POINTE ACADEMY IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING CHILDREN IN EARLY SCHOOL THROUGH GRADE EIGHT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 103 | TotalNbrEmployees |
| Total Nbr Volunteers | 200 | TotalNbrVolunteers |
| Total Gross UBI | -5656 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -5656 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 839883 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1037265 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4136502 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4173496 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 347864 | InvestmentIncomePriorYear |
| Investment Income Current Year | 753480 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -161013 | OtherRevenuePriorYear |
| Other Revenue Current Year | -162205 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5163236 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5802036 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1230507 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1270470 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3347217 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3354247 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 619546 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1804413 | OtherExpensePriorYear |
| Other Expenses Current Year | 2677245 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6382137 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7301962 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1218901 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1499926 | RevenuesLessExpensesCY |
| Total Assets BOY | 21927081 | TotalAssetsBOY |
| Total Assets EOY | 19281000 | TotalAssetsEOY |
| Total Liabilities BOY | 8453444 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8295784 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13473637 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10985216 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE GROSSE POINTE ACADEMY EDUCATION EMPHASIZES THE VALUE OF EACH CHILD AND THE GROWTH OF THAT CHILD. WE PROVIDE AN EDUCATION OF THE HIGHEST QUALITY IN THE PURSUIT OF ACADEMIC EXCELLENCE, THE ARTS AND ATHLETICS. WE IMPART TO OUR STUDENTS AN EDUCATION WHICH IS SOUND IN MORAL AND ETHICAL FORMATION. OUR OUTLOOK IS CHRISTIAN AND OUR HERITAGE IS CATHOLIC. THE ACADEMY RESPECTS ALL CULTURES AND RELIGIOUS BELIEFS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 4654213 | Expense |
| Grants | 1270470 | Grants |
| Revenue | 4173496 | Revenue |
| Description | AN INDEPENDENT EDUCATIONAL INSTITUTION THAT PROVIDES AN ENVIRONMENT OF LEARNING FOR STUDENTS IN GRADES PRESCHOOL THROUGH EIGHTH OF VARIOUS SOCIAL, ECONOMIC, RELIGIOUS, AND CULTURAL BACKGROUNDS. | Description |
| Total Program Service Expense | 4654213 | 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 | 0 | 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 | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | 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 | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 103 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | 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 |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT J WANICKE JR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3138861221 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 LAKESHORE DRIVE | AddressLine1 |
| City | GROSSE POINTE FARMS | City |
| State | MI | State |
| ZIP Code | 48236 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| GUS ANDREASEN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| BRIDGET BEARSS | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| CHARLES E BECKER | ||||||
| PRESIDENT | 5.00 | X | 0 | 0 | 0 | X |
| JAMES E BROCK JR | ||||||
| SECRETARY | 5.00 | X | 0 | 0 | 0 | X |
| LINDSEY FORD BUHL | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| SANDRA CAVATAIO | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DONALD COLEMAN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| BRIAN DEMKOWICZ | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JOHN B COTTON | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JENNIFER FAUSTER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| KENNETH FRUEHAUF | ||||||
| TREASURER | 5.00 | X | 0 | 0 | 0 | |
| HALI H GIESSLER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| KIRK HAGGARTY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| LAURA E KRUEGER | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| DEBBIE MINANOV | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JOHN M MURPHY | ||||||
| VICE PRESIDENT | 5.00 | X | 0 | 0 | 0 | X |
| M CATHY NOWOSIELSKI MD | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| CAROLE J PEABODY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| WILLIAM SMITH | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| JACK VALENTE | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| KRISTEN VANPELT | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| TIFFANY KLAASEN | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| RENEE JANOVSKY | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| MARY JO JOHNSON | ||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |
| FE PHIL DEMARTINI JR | ||||||
| FORMER HEAD OF SCHOOL | 40.00 | 125599 | 0 | 13650 | X | |
| MICHAEL KENNEDY | ||||||
| INTERIM HEAD OF SCHOOL | 40.00 | 94001 | 0 | 963 | X | |
| JAMES L MURDOCK | ||||||
| DIRECTOR OF FINANCE | 40.00 | 74569 | 0 | 881 | X | |
| JENNIFER H PARKE | ||||||
| DIRECTOR OF ADVANCEMENT | 40.00 | 82509 | 0 | 13591 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 376678 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 29085 | 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 |
|---|---|---|---|---|---|
| BDH CATERING | |||||
| 1045 COOK RD | GROSSE POINTE | MI | 48236 | FOOD SERVICE PROVIDER | 116514 |
| PLUM MARKET FOOD SERVICE LLC | |||||
| 30777 NORTHWESTERN HWY | FARMINGTON HILLS | MI | 48334 | FOOD SERVICE PROVIDER | 101442 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 338457 | FundraisingEvents |
| All Other Contributions | 698808 | AllOtherContributions |
| Noncash Contributions | 151800 | NoncashContributions |
| Total Contributions | 1037265 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 4130247 | 4130247 |
| STUDENT SUPPORT SERVIC | 611710 | 43249 | 43249 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4173496 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 99922 | TotalRevenueColumn |
| Exclusion | $99,922 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 65742 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 58931 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 6811 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6811 | TotalRevenueColumn |
| Unrelated Business Revenue | -5656 | UnrelatedBusinessRevenue |
| Exclusion | $12,467 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2700000 | Securities |
| Other | 301226 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1841800 | Securities |
| Other | 505868 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 858200 | Securities |
| Other | -204642 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 653558 | TotalRevenueColumn |
| Exclusion | $653,558 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 249591 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 338457 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 418607 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -169016 | TotalRevenueColumn |
| Exclusion | -$169,016 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5802036 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4173496 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -5656 | UnrelatedBusinessRevenue |
| Exclusion | $596,931 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1270470 | Total |
| Program Services | 1270470 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 376337 | Total |
| Program Services | 101673 | ProgramServices |
| Management And General | 196837 | ManagementAndGeneral |
| Fundraising | 77827 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2470542 | Total |
| Program Services | 1679246 | ProgramServices |
| Management And General | 613429 | ManagementAndGeneral |
| Fundraising | 177867 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277770 | Total |
| Program Services | 188802 | ProgramServices |
| Management And General | 68970 | ManagementAndGeneral |
| Fundraising | 19998 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 229598 | Total |
| Program Services | 156059 | ProgramServices |
| Management And General | 57009 | ManagementAndGeneral |
| Fundraising | 16530 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3658 | Total |
| Management And General | 3658 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90113 | Total |
| Management And General | 90113 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76078 | Total |
| Fundraising | 76078 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49141 | Total |
| Program Services | 12603 | ProgramServices |
| Management And General | 23935 | ManagementAndGeneral |
| Fundraising | 12603 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 417274 | Total |
| Program Services | 208637 | ProgramServices |
| Management And General | 208637 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11345 | Total |
| Program Services | 11345 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 391138 | Total |
| Program Services | 355991 | ProgramServices |
| Management And General | 35147 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42102 | Total |
| Program Services | 21051 | ProgramServices |
| Management And General | 21051 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising | Program ServicesProgramServices |
|---|---|---|---|---|
| BAD DEBT EXPENSE | 557254 | 557254 | ||
| CAPITAL DRIVE | 181891 | 181891 | ||
| SUPPLIES | 248807 | 248807 | ||
| FOOD SERVICE | 230557 | 230557 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 377887 | Total |
| Program Services | 168972 | ProgramServices |
| Management And General | 152163 | ManagementAndGeneral |
| Fundraising | 56752 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7301962 | Total |
| Program Services | 4654213 | ProgramServices |
| Management And General | 2028203 | ManagementAndGeneral |
| Fundraising | 619546 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 695 | BOY |
| EOY | 500 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59820 | BOY |
| EOY | 1492737 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 960019 | BOY |
| EOY | 259271 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221184 | BOY |
| EOY | 71735 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41736 | BOY |
| EOY | 108328 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 17079047 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6412496 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11254896 | BOY |
| EOY | 10666551 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9183948 | BOY |
| EOY | 6489784 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204783 | BOY |
| EOY | 192094 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21927081 | BOY |
| EOY | 19281000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 299535 | BOY |
| EOY | 415512 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 303266 | BOY |
| EOY | 277310 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7445000 | BOY |
| EOY | 7025000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 405643 | BOY |
| EOY | 577962 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8453444 | BOY |
| EOY | 8295784 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7335178 | BOY |
| EOY | 4676675 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2562829 | BOY |
| EOY | 2732911 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3575630 | BOY |
| EOY | 3575630 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13473637 | BOY |
| EOY | 10985216 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21927081 | BOY |
| EOY | 19281000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1499926 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -988495 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9062112 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -7743 | InvestmentEarningsOrLosses |
| Other Expenditures | -2333657 | OtherExpenditures |
| End Of Year Balance | 6720712 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7736238 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 1340924 | InvestmentEarningsOrLosses |
| Other Expenditures | -15050 | OtherExpenditures |
| End Of Year Balance | 9062112 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6782892 | BeginningOfYearBalance |
| Contributions | 1500 | Contributions |
| Investment Earnings Or Losses | 974929 | InvestmentEarningsOrLosses |
| Other Expenditures | -23083 | OtherExpenditures |
| End Of Year Balance | 7736238 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9486323 | BeginningOfYearBalance |
| Contributions | 103275 | Contributions |
| Investment Earnings Or Losses | -2831966 | InvestmentEarningsOrLosses |
| Other Expenditures | 25260 | OtherExpenditures |
| End Of Year Balance | 6782892 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.31000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.53000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.16000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 200000 | OtherCostOrOtherBasis |
| Book Value | 200000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14527945 | OtherCostOrOtherBasis |
| Depreciation | 4066023 | Depreciation |
| Book Value | 10461922 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2351102 | OtherCostOrOtherBasis |
| Depreciation | 2346473 | Depreciation |
| Book Value | 4629 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10666551 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONDITIONAL ASSET RETIREMENT OBLIGATION | $224,291 |
| PENSION AND POST-RETIREMENT OBLIGATION | $353,671 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 577962 | TotalOfAmounts |
| Total Revenue | 5802036 | TotalRevenue |
| Total Expenses | 7301962 | TotalExpenses |
| Excess Or Deficit For Year | -1499926 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -988495 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -988495 | TotalAdjustments |
| Excess Or Deficit Per FS | -2488421 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3602002 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -988495 | NetUnrealizedGainsInvestments |
| Other Revenues | -1270470 | OtherRevenues |
| Revenue Not Rptd F990 | -2258965 | RevenueNotRptdF990 |
| Revenue Subtotal | 5860967 | RevenueSubtotal |
| Other Revenues Not Included | -58931 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -58931 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5802036 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6090423 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 58931 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 58931 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6031492 | ExpensesSubtotal |
| Other Expenses Not Included | 1270470 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1270470 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7301962 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | 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. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ACADEMY IS EXEMPT FROM INCOME TAX UNDER PROVISIONS OF 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 IS REQUIRED TO FILE INTERNAL REVENUE SERVICE FORM 990 ANNUALLY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY IF THE ACADEMY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY THE ACADEMY AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANICAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2009. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | STUDENT AID -1,270,470. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES INCLUDED IN NET RENTAL INCOME -58,931. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES INCLUDED IN NET RENTAL INCOME 58,931. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT AID 1,270,470. |
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 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. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ACTION AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 588048 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 338457 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 249591 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 151800 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 13082 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 47159 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 1848 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 204718 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 588048 | GrossReceiptsTotal |
| Charitable Contributions Total | 338457 | CharitableContributionsTotal |
| Gross Revenue Total Events | 249591 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 151800 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 13082 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 47159 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1848 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 204718 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 418607 | DirectExpenseSummaryEvents |
| Net Income Summary | -169016 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| TUITION REMISSION | 16 | 131920 |
| FINANCIAL AID | 140 | 874460 |
| MULTIPLE STUDENT DISCOUNT | 72 | 226340 |
| SCHOLARSHIPS | 7 | 37750 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: STUDENTS APPLY FOR FINANCIAL AID EACH YEAR, AMOUNTS AWARDED BASED ON NEED AND ARE APPLIED DIRECTLY TO THE STUDENTS' TUITION ACCOUNTS. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| MICHIGAN STRATEGIC FUND | |||||||
| 521417332 | 594698AA0 | 2005-08-01 | 6500000 | CAPITAL IMPROVEMENTS | 0 | 0 | 0 |
| MICHIGAN STRATEGIC FUND | |||||||
| 521417332 | 594698HP0 | 2009-02-19 | 2500000 | CAPITAL IMPROVEMENTS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|
| 6500000 | 163837 | 6500000 | 2007 | 0 | 0 | 1 | 1 |
| 2500000 | 85764 | 2500000 | 2009 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 0 | 0 | 0 | 1 |
| 0 | 1 | 0 | 0 | 0 | 1 |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 52045 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | COST | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | VACATION PACKAGES DONATED FOR AUCTION | 3 | 35300 | COST |
| X | JEWELRY | 5 | 39260 | COST |
| X | ENTERTAINMENT | 1 | 8000 | COST |
| X | FURNITURE | 1 | 7500 | COST |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE AMENDED DURING THE YEAR TO INCLUDE THE CHAIR OF THE COMMITTEE ON TRUSTEES AS AN OFFICER AND MEMBER OF THE EXECUTIVE COMMITTEE. | |
| 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 INDPENDENT SCHOOLS COMPARING TOTAL COMPENSATION AND BENEFITS FOR THE RESPECTIVE POSITIONS AT PEER SCHOOLS. THE PRESIDENT THEN 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. THIS PROCESS WAS LAST UNDERTAKEN IN 2011 FOR THE INTERIM HEAD OF SCHOOL. A NEW DIRECTOR OF FINANCE STARTED IN DECEMBER 2010 AND HIS COMPENSATION WAS DETERMINED BY THE HEAD OF SCHOOLS AND THE DIRECTOR OF THE FINANCE COMMITTEE USING THE SAME PROCESS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -988,495. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |