2013-11-13T09:42:45-06:00 2013-06-30 560570567 DAVENPORT MARVIN JOYCE & CO LLP 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2012-07-01 561898871 CALDWELL ACADEMY CALD 3366651161 2900 HORSEPEN CREEK RD GREENSBORO NC 27410 JODY GORDON 3366651161 2013-10-31 1 ARTHUR M WINSTEAD JR CPA P00002868 3362759886 2012 2016-02-24 21:20:13Z JODY GORDON 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 6226050 0 X WWW.CALDWELLACADEMY.COM X 1994 NC CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 9 9 185 500 0 0 300463 238667 5588904 5839557 22067 6419 57451 134284 5968885 6218927 130705 162577 0 0 3958923 3756919 0 0 228024 3483537 2073668 7573165 5993164 -1604280 225763 17657682 16871657 14163435 13134163 3494247 3737494 CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BILBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILD BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 0 0 4785926 162577 5839557 OPERATED A K-12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. IT INCLUDES RELATED SCHOOL ACTIVITIES SUCH AS CLUBS AND SPORTS. IN THE CURRENT SCHOOL YEAR 2012/2013, 704 STUDENTS WERE ENROLLED IN THE SCHOOL'S PROGRAM. 4785926 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 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 185 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BILL BISHOP 3366651161 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 BELL RONNY 1.00 X 0 0 0 CARLOCK KRISTIN 1.00 X X 0 0 0 CROSSLEY PATTY 1.00 X 0 0 0 GORDON JODY 1.00 X X 0 0 0 GRIEVES BRET 1.00 X X 0 0 0 HOLLEY LAURA 1.00 X 0 0 0 KIRKPATRICK JIM 1.00 X 0 0 0 NORRIS STEVE 1.00 X 0 0 0 TOWERY TIM 1.00 X X 0 0 0 BISHOP WILLIAM 40.00 X 78924 0 6101 GUTHRIE MARK 40.00 X 137565 0 37151 216489 0 43252 1 0 1 0 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING JANITORIAL SERVICES 105720 1 238667 238667 STUDENT TUITION, FEES 611600 5632148 5632148 OTHER OPERATING REVENU 611600 180458 180458 BOOSTER CLUB INCOME 611600 26951 26951 5839557 6482 6482 8475 1312 7163 7163 7163 63 -63 -63 -63 92864 5748 87116 87116 OTHER NON OPERATING IN 611600 40005 40005 40005 6218927 5839557 0 140703 162577 162577 240600 31030 178540 31030 3024441 2764508 158474 101459 64891 63701 54 1136 194643 171896 15469 7278 232344 199816 23234 9294 4785 4785 17661 17661 7309 6286 1023 5102 5102 48989 42130 4899 1960 162672 139898 16267 6507 13636 11727 1364 545 543155 467114 54315 21726 30122 25905 3012 1205 PROVISION FOR UNCOLLECT 407413 407413 CLEANING/JANITORIAL 131365 112974 13136 5255 HOT LUNCH 123575 123575 REPAIRS AND MAINTENANCE 116497 100187 11650 4660 461387 362602 62816 35969 5993164 4785926 979214 228024 169500 224524 4055753 4256046 423298 10476 297712 165412 7139 16093939 4303383 12301729 11790556 157052 177447 252638 240057 17657682 16871657 122091 151540 3104441 2876524 8775000 8535000 2161903 1571099 14163435 13134163 X 3337194 3551952 157053 185542 3494247 3737494 17657682 16871657 225763 17484 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 157052 8095 20395 185542 154143 2909 157052 130038 24105 154143 116545 13493 130038 137266 -20721 116545 0 0 1651037 1651037 13291686 4303383 8988303 1131816 1131816 19400 19400 11790556 ACCRUED SALARIES AND PAYROLL WITHHOLDINGS 299274 LIABILITY UNDER INTEREST RATE SWAP 1271825 1571099 X 6173580 17484 17484 6156096 62831 62831 6218927 5930333 0 5930333 62831 62831 5993164 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING CALDWELL ACADEMY WHO ARE PART OF A FAMILY WHERE A PARENT HAS PASSED AWAY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ACADEMYS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ACADEMY DOES NOT RECEIVE INCOME THAT IS NOT RELATED TO ITS TAX EXEMPT PURPOSE. THE ACADEMY ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE ACADEMY BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2013 AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, THE ACADEMYS INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOSTER EXPENSES NETTED IN FINANCIAL STATEMENTS, NOT 990 35,513. FUNDRAISING EXPENSE NETTED IN FINANCIAL STATEMENTS, NOT 990 27,318. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOSTER EXPENSES NETTED IN FINANCIAL STATEMENTS, NOT 990 35,513. FUNDRAISING EXPENSE NETTED IN FINANCIAL STATEMENTS, NOT 990 27,318. 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 DURING THE ANNUAL REGISTRATION PERIOD, CALDWELL PUBLISHES ITS STATEMENT OF NON-DISCRIMINATORY POLICY IN THE AREA NEWSPAPER OF GREATEST CIRCULATION. SPRING AUCTION 53320 53320 5299 449 53320 53320 5299 449 5748 47572 0 FINANCIAL AID PROVIDED TO STUDENTS TO HELP MEET TUITION NEEDS. 68 162577 % VALUE OF GROSS YEARLY TUITION THE SCHOOL PROVIDES SCHOLARSHIP AID FOR STUDENTS WHO QUALIFY FOR THE AID BASED ON OBJECTIVE CRITERIA. X X X 0 0 0 0 0 0 0 0 0 GUTHRIE MARK 137565 0 0 0 0 0 3759 0 33392 0 174716 0 0 0 A COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY 840896727 19645RBZ3 2007-08-23 10500000 LOAN CONSOLIDATION/FINANCE FIXED ASSET PROJECTS 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 WELLS FARGO/WACHOVIA 25.670000000000 0 0 0 0 0 MANAGEMENT OF THE SCHOOL HEAD OF SCHOOL 17980 FACULTY/EMPLOYEE DISCOUNTS FORM 990, PART VI, SECTION B, LINE 11 COPY OF THE 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX(990) IS PROVIDED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY BOARD MEETING PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS RECEIVE NO DISCOUNTS OR FREE GOODS OR SERVICES. ALL DIRECTORS MUST AGREE TO CONFLICT OF INTEREST POLICY PRIOR TO SERVING ON THE BOARD. THE BOARD OF DIRECTORS, ANNUALLY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT BY SIGNING A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 HEAD OF SCHOOL COMPENSATION IS DETERMINED BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USE COMPARATIVE DATA FOR HEADS OF SCHOOLS IN THE GEOGRAPHIC AREA OF NORTH CAROLINA AND IS CONTEMPORANEOUSLY DOCUMENTED WITH AN EMPLOYEE EVALUATION AND IN BOARD MINUTES(IN GENERAL). BUSINESS MANAGER COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL, USING COMPARATIVE DATA FOR EMPLOYEES IN SAME POSITION IN SAME GEOGRAPHIC AREA. THE BOARD APPROVES THE COMPENSATION IN BUDGET FOR THE BUSINESS MANAGER. EVALUATION IS CONTEMPORANEOUSLY DOCUMENTED IN EMPLOYEE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 CALDWELL MAKES ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AUDIT OVERSIGHT OR SELECTION PROCESS FORM 990, PART XII LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR.