2013-05-13T13:39:07-05:00 2012-06-30 381357951 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2011-07-01 381359080 THE GROSSE POINTE ACADEMY GROS 3138861221 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 ROBERT J WANICKE JR 3138861221 2013-05-10 1 SUSAN MIENCIER P00842339 2483522500 2011 2016-02-24 21:20:13Z JOHN M MURPHY 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 8627242 0 X WWW.GPACADEMY.ORG X 1969 MI THE GROSSE POINTE ACADEMY IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING CHILDREN IN EARLY SCHOOL THROUGH GRADE EIGHT. 24 24 103 200 -5656 -5656 839883 1037265 4136502 4173496 347864 753480 -161013 -162205 5163236 5802036 1230507 1270470 0 0 3347217 3354247 0 0 619546 1804413 2677245 6382137 7301962 -1218901 -1499926 21927081 19281000 8453444 8295784 13473637 10985216 X 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. 0 0 4654213 1270470 4173496 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. 4654213 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 23 0 1 103 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X ROBERT J WANICKE JR 3138861221 171 LAKESHORE DRIVE GROSSE POINTE FARMS MI 48236 GUS ANDREASEN 5.00 X 0 0 0 BRIDGET BEARSS 5.00 X 0 0 0 CHARLES E BECKER 5.00 X X 0 0 0 JAMES E BROCK JR 5.00 X X 0 0 0 LINDSEY FORD BUHL 5.00 X 0 0 0 SANDRA CAVATAIO 5.00 X 0 0 0 DONALD COLEMAN 5.00 X 0 0 0 BRIAN DEMKOWICZ 5.00 X 0 0 0 JOHN B COTTON 5.00 X 0 0 0 JENNIFER FAUSTER 5.00 X 0 0 0 KENNETH FRUEHAUF 5.00 X 0 0 0 HALI H GIESSLER 5.00 X 0 0 0 KIRK HAGGARTY 5.00 X 0 0 0 LAURA E KRUEGER 5.00 X 0 0 0 DEBBIE MINANOV 5.00 X 0 0 0 JOHN M MURPHY 5.00 X X 0 0 0 M CATHY NOWOSIELSKI MD 5.00 X 0 0 0 CAROLE J PEABODY 5.00 X 0 0 0 WILLIAM SMITH 5.00 X 0 0 0 JACK VALENTE 5.00 X 0 0 0 KRISTEN VANPELT 5.00 X 0 0 0 TIFFANY KLAASEN 5.00 X 0 0 0 RENEE JANOVSKY 5.00 X 0 0 0 MARY JO JOHNSON 5.00 X 0 0 0 FE PHIL DEMARTINI JR 40.00 X 125599 0 13650 MICHAEL KENNEDY 40.00 X 94001 0 963 JAMES L MURDOCK 40.00 X 74569 0 881 JENNIFER H PARKE 40.00 X 82509 0 13591 376678 0 29085 1 0 0 0 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 2 338457 698808 151800 1037265 TUITION & FEES 611710 4130247 4130247 STUDENT SUPPORT SERVIC 611710 43249 43249 4173496 99922 99922 65742 58931 6811 6811 -5656 12467 2700000 301226 1841800 505868 858200 -204642 653558 653558 249591 338457 418607 -169016 -169016 5802036 4173496 -5656 596931 1270470 1270470 376337 101673 196837 77827 2470542 1679246 613429 177867 277770 188802 68970 19998 229598 156059 57009 16530 3658 3658 90113 90113 76078 76078 49141 12603 23935 12603 417274 208637 208637 11345 11345 391138 355991 35147 42102 21051 21051 BAD DEBT EXPENSE 557254 557254 CAPITAL DRIVE 181891 181891 SUPPLIES 248807 248807 FOOD SERVICE 230557 230557 377887 168972 152163 56752 7301962 4654213 2028203 619546 695 500 59820 1492737 960019 259271 221184 71735 41736 108328 17079047 6412496 11254896 10666551 9183948 6489784 204783 192094 21927081 19281000 299535 415512 303266 277310 7445000 7025000 405643 577962 8453444 8295784 X 7335178 4676675 2562829 2732911 3575630 3575630 13473637 10985216 21927081 19281000 X -1499926 -988495 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9062112 -7743 -2333657 6720712 7736238 1340924 -15050 9062112 6782892 1500 974929 -23083 7736238 9486323 103275 -2831966 25260 6782892 0.31000 0.53000 0.16000 1 0 200000 200000 14527945 4066023 10461922 2351102 2346473 4629 10666551 CONDITIONAL ASSET RETIREMENT OBLIGATION 224291 PENSION AND POST-RETIREMENT OBLIGATION 353671 577962 5802036 7301962 -1499926 -988495 -988495 -2488421 3602002 -988495 -1270470 -2258965 5860967 -58931 -58931 5802036 6090423 58931 58931 6031492 1270470 1270470 7301962 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 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. ACTION AUCTION 588048 338457 249591 0 151800 13082 47159 1848 204718 588048 338457 249591 151800 13082 47159 1848 204718 418607 -169016 1 TUITION REMISSION 16 131920 FINANCIAL AID 140 874460 MULTIPLE STUDENT DISCOUNT 72 226340 SCHOLARSHIPS 7 37750 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. 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 6500000 163837 6500000 2007 0 0 1 1 2500000 85764 2500000 2009 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 0 1 0 0 0 1 X 1 52045 COST X VACATION PACKAGES DONATED FOR AUCTION 3 35300 COST X JEWELRY 5 39260 COST X ENTERTAINMENT 1 8000 COST X FURNITURE 1 7500 COST 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -988,495. 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.