ALBUQUERQUE ACADEMY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ALBUQUERQUE ACADEMY (EIN 85-0129165)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201201359349304450
- Schema version
- 2010v3.7
- 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 J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T13:51:52-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 Park Ave Suite 2850 | AddressLine1 |
| City | Oklahoma City | City |
| State | OK | State |
| ZIP Code | 73102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850129165 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALBUQUERQUE ACADEMY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALBU | NameControl |
| Phone | 5058283200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 WYOMING BLVD NE | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 871093899 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARY GORDON | Name |
| Title | TREASURER | Title |
| Phone | 5058283200 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4052396411 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ANDREW T WATSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 WYOMING BLVD NE | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 871093899 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 58787987 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.AA.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1955 | YearFormation |
| State Legal Domicile | NM | StateLegalDomicile |
| Activity Or Mission Description | ALBUQUERQUE ACADEMY IS A NON-DENOMINATIONAL, COEDUCATIONAL, INDEPENDENT DAY SCHOOL FOR 1094 STUDENTS IN GRADES 6 THROUGH 12. SEE SCHEDULE O, GENERAL STATEMENT 1. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 975 | TotalNbrEmployees |
| Total Nbr Volunteers | 503 | TotalNbrVolunteers |
| Total Gross UBI | 1870 | TotalGrossUBI |
| Contributions Grants Prior Year | 2525471 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2163076 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 22518143 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 24270129 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7226487 | InvestmentIncomePriorYear |
| Investment Income Current Year | 8374618 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -6889 | OtherRevenuePriorYear |
| Other Revenue Current Year | -1820 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 32263212 | TotalRevenuePriorYear |
| Total Revenue Current Year | 34806003 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4727332 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4533127 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22021896 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 21991661 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 613636 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10989945 | OtherExpensePriorYear |
| Other Expenses Current Year | 12909232 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 37739173 | TotalExpensesPriorYear |
| Total Expenses Current Year | 39434020 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5475961 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -4628017 | RevenuesLessExpensesCY |
| Total Assets BOY | 177335695 | TotalAssetsBOY |
| Total Assets EOY | 170456659 | TotalAssetsEOY |
| Total Liabilities BOY | 40120043 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 46771358 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 137215652 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 123685301 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O, GENERAL STATEMENT 2 | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 28017845 | Expense |
| Grants | 0 | Grants |
| Revenue | 21577353 | Revenue |
| Description | SEE SCHEDULE O, GENERAL STATEMENT 3 | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1604180 | Expense |
| Grants | 0 | Grants |
| Revenue | 1994176 | Revenue |
| Description | SEE SCHEDULE O, GENERAL STATEMENT 3 | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 393761 | Expense |
| Grants | 0 | Grants |
| Revenue | 264555 | Revenue |
| Description | SEE SCHEDULE O, GENERAL STATEMENT 3 | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 733068 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 695954 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 30748854 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 200 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 975 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | NANCY PARKER | NamePerson |
| Telephone Number | 5058283231 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6400 WYOMING BLVD NE | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 871093899 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
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 | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| WALTER E STERN III | ||||||||
| CHAIR | 5.0 | X | 0 | 0 | 0 | |||
| SARAH KOTCHIAN | ||||||||
| VICE CHAIR | 2.0 | X | 0 | 0 | 0 | |||
| CARL ALONGI | ||||||||
| ASSISTANT TREASURER | 2.0 | X | 0 | 0 | 0 | |||
| PAM GARRETT | ||||||||
| ASSISTANT SECRETARY | 2.0 | X | 0 | 0 | 0 | |||
| THOMAS J BACA | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| THOMAS F BLUEHER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| THERESA CARSON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| NAOMI GABEL FINDLEY | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| THOMAS GROWNEY | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| JENNIFER DAVIS HALL | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| HEIDI HEARD | ||||||||
| SECRETARY/TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| KENNETH HOLLEY | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ADAM HONEGGER | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ANDREW HSI | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| SALLY MACHACEK | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| IAN MCKINON | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| JOLYNN MURAIDA | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| VALERIE ROMERO-LEGGOTT | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| GARY SLACK | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| HOPE MEAD WYNN | ||||||||
| TRUSTEE | 2.0 | X | 0 | 0 | 0 | |||
| ANDREW T WATSON | ||||||||
| HEAD OF SCHOOL | 40.0 | 350526 | 0 | 58655 | X | |||
| GARY GORDON | ||||||||
| TREASURER | 40.0 | 206985 | 0 | 54340 | X | |||
| DON SMITH | ||||||||
| ASS.HEAD OF SCH./8-9 DIV. HEAD | 40.0 | 149029 | 0 | 26245 | X | |||
| NANCY PARKER | ||||||||
| BUSINESS MANAGER | 40.0 | 118357 | 0 | 20449 | X | |||
| JEFFREY MORGAN | ||||||||
| DIRECTOR OF DEVELOPMENT | 40.0 | 114254 | 0 | 23526 | X | |||
| PAMELA SCANLON | ||||||||
| BUSINESS MANAGER | 40.0 | 111190 | 0 | 25885 | X | |||
| SONIA ROTH | ||||||||
| 10-12 DIVISION HEAD | 40.0 | 104041 | 0 | 33332 | X | |||
| MICHAEL LINSELL | ||||||||
| 6/7 DIVISION HEAD | 40.0 | 103942 | 0 | 28222 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1258324 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 270654 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COOPERAGE SEAGULL | |||||
| 6101 MOON NE SUITE 400 | ALBUQUERQUE | NM | 87111 | CATERING | 275176 |
| ENERGY CONTROLL INC | |||||
| 2600 AMERICAN ROAD SE SUITE 360 | RIO RANCHO | NM | 87124 | SECURTIY & ENERGY | 128053 |
| SHAPIRO CAPITAL MANAGEMENT LLC | |||||
| 3060 PEACHTREE RD NW SUITE 1555 | ATLANTA | GA | 30305 | INVESTMENT COMPANY | 121818 |
| MANUAL LUJAN | |||||
| PO BOX 3727 | ALBUQUERQUE | NM | 87190 | INSURANCE BROKER | 309598 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 39410 | FundraisingEvents |
| Government Grants | 163852 | GovernmentGrants |
| All Other Contributions | 1959814 | AllOtherContributions |
| Noncash Contributions | 304718 | NoncashContributions |
| Total Contributions | 2163076 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 900099 | 19479732 | 19479732 |
| SUMMER SCHOOL/OUTREACH | 900099 | 2690130 | 2690130 |
| FOOD SERVICES | 900099 | 1316778 | 1316778 |
| BOOKSTORE | 900099 | 518934 | 518934 |
| MEDIA LITERACY | 900099 | 264555 | 264555 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 24270129 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4488768 | TotalRevenueColumn |
| Unrelated Business Revenue | 1870 | UnrelatedBusinessRevenue |
| Exclusion | $4,486,898 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 27806967 | Securities |
| Other | 42200 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 23926939 | Securities |
| Other | 36377 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3880028 | Securities |
| Other | 5823 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3885850 | TotalRevenueColumn |
| Exclusion | $3,885,850 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 16848 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 39410 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 18668 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1820 | TotalRevenueColumn |
| Exclusion | -$1,820 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 34806003 | TotalRevenueColumn |
| Related Or Exempt Function Income | 24270129 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1870 | UnrelatedBusinessRevenue |
| Exclusion | $8,370,928 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4533127 | Total |
| Program Services | 4533127 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 830931 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 830931 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68899 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 68899 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15642080 | Total |
| Program Services | 14594247 | ProgramServices |
| Management And General | 710550 | ManagementAndGeneral |
| Fundraising | 337283 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1292024 | Total |
| Program Services | 1204345 | ProgramServices |
| Management And General | 61264 | ManagementAndGeneral |
| Fundraising | 26415 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3041633 | Total |
| Program Services | 2924251 | ProgramServices |
| Management And General | 98576 | ManagementAndGeneral |
| Fundraising | 18806 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1116094 | Total |
| Program Services | 1035935 | ProgramServices |
| Management And General | 54357 | ManagementAndGeneral |
| Fundraising | 25802 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48073 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 48073 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93199 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 93199 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 286415 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 286415 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 160462 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 123552 | ManagementAndGeneral |
| Fundraising | 36910 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122411 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 122411 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310649 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 310649 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1092446 | Total |
| Program Services | 1092446 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 181063 | Total |
| Program Services | 161390 | ProgramServices |
| Management And General | 8255 | ManagementAndGeneral |
| Fundraising | 11418 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113254 | Total |
| Program Services | 94023 | ProgramServices |
| Management And General | 17469 | ManagementAndGeneral |
| Fundraising | 1762 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1442323 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 1442323 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2239079 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 2239079 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61100 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 61100 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SUMMER SCH./FOOD SER./BOOK | 3175066 | 3175066 | ||
| INSTRUCTIONAL/STU. ACTIVITY | 1267159 | 1267159 | ||
| GENERAL | 959951 | 120081 | 839870 | |
| MAINTENANCE & GROUNDS | 549336 | 546784 | 2552 | |
| ADMINISTRATIVE | 331188 | 178500 | 152688 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 476058 | Total |
| Management And General | 476058 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39434020 | Total |
| Program Services | 30748854 | ProgramServices |
| Management And General | 8071530 | ManagementAndGeneral |
| Fundraising | 613636 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2628260 | BOY |
| EOY | 9951683 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5256744 | BOY |
| EOY | 2564194 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 253992 | BOY |
| EOY | 146567 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 428699 | BOY |
| EOY | 513413 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200090 | BOY |
| EOY | 180748 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 740333 | BOY |
| EOY | 692309 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 75262215 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 43268819 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33672681 | BOY |
| EOY | 31993396 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19026553 | BOY |
| EOY | 48533100 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83782506 | BOY |
| EOY | 57284515 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31345837 | BOY |
| EOY | 18596734 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177335695 | BOY |
| EOY | 170456659 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2042192 | BOY |
| EOY | 2427668 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1236388 | BOY |
| EOY | 1262233 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29721191 | BOY |
| EOY | 37270984 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5966140 | BOY |
| EOY | 5466140 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1154132 | BOY |
| EOY | 344333 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40120043 | BOY |
| EOY | 46771358 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101741763 | BOY |
| EOY | 84316414 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19121027 | BOY |
| EOY | 22682261 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16352862 | BOY |
| EOY | 16686626 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137215652 | BOY |
| EOY | 123685301 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177335695 | BOY |
| EOY | 170456659 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -4628017 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -8902334 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | 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) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 177494 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 137900939 | BeginningOfYearBalance |
| Contributions | -8992521 | Contributions |
| Investment Earnings Or Losses | 6502362 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 9122000 | OtherExpenditures |
| Administrative Expenses | 286415 | AdministrativeExpenses |
| End Of Year Balance | 126002365 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 181487718 | BeginningOfYearBalance |
| Contributions | -2944319 | Contributions |
| Investment Earnings Or Losses | -29663936 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 10622000 | OtherExpenditures |
| Administrative Expenses | 356524 | AdministrativeExpenses |
| End Of Year Balance | 137900939 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 244608876 | BeginningOfYearBalance |
| Contributions | 3011787 | Contributions |
| Investment Earnings Or Losses | -53531010 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 12302256 | OtherExpenditures |
| Administrative Expenses | 299679 | AdministrativeExpenses |
| End Of Year Balance | 181487718 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.87000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.13000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 397024 | OtherCostOrOtherBasis |
| Book Value | 397024 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 60834578 | OtherCostOrOtherBasis |
| Depreciation | 31320378 | Depreciation |
| Book Value | 29514200 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10149408 | OtherCostOrOtherBasis |
| Depreciation | 9071899 | Depreciation |
| Book Value | 1077509 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3881205 | OtherCostOrOtherBasis |
| Depreciation | 2876542 | Depreciation |
| Book Value | 1004663 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 31993396 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| OTHER INVESTMENTS | 14754275 | F |
| INVESTMENT IN HIGH DESERT CORP | 19495953 | F |
| REAL ESTATE | 28801 | F |
| MARIPOSA RANCH | 18560123 | F |
| ASSETS HELD IN TRUST BY OTHERS | 4445363 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 57284515 | TotalOfBookValueSecurities |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| ACCRUED INVESTMENT INCOME | 226661 |
| SPLIT INTEREST AGREEMENT | 470947 |
| BOND ISSUANCE & FINANCING COST | 403417 |
| ASSETS HELD IN TRUST BY OTHERS | 12398489 |
| OTHER INVESTMENTS | 5097220 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 18596734 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITY AND OTHER SPLIT INTEREST | $335,676 |
| LOAN GUARANTEE | $8,657 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 344333 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| SCHEDULE D, PART III, LINE 4 | THE ACADEMY MAINTAINS A SMALL ART COLLECTION CONSISTING OF ITEMS DONATED TO THE SCHOOL OVER THE PAST 25 YEARS. INCLUDED IN THIS COLLECTION IS A SERIES OF PHOTOGRAVURES, A FLEMISH TAPESTRY, AND SEVERAL OIL PAINTINGS (INCLUDING PORTRAITS OF MR. & MRS. SIMMS, MAJOR DONORS TO THE SCHOOL). THE ART COLLECTION IS CURRENTLY DISPLAYED IN VARIOUS VENUES ACROSS CAMPUS FOR THE EDIFICATION OF OUR STUDENTS AS WELL AS FOR THE ENJOYMENT OF VISITORS TO OUR CAMPUS. IT IS ANTICIPATED THAT ITEMS WITHIN THE COLLECTION WILL GROW IN VALUE OVER TIME AND MAY EVENTUALLY BE SOLD TO SUPPORT VARIOUS PROGRAMS AND INITIATIVES BENEFITING THE SCHOOL'S STUDENTS. |
| SCHEDULE D, PART V, LINE 4 | ALBUQUERQUE ACADEMY'S ENDOWMENT, CONSISTING OF PERMANENT FUNDS AND A QUASI-ENDOWMENT FUND, PROVIDES VITAL FINANCIAL SUPPORT FOR THE ACADEMY'S MISSION. THE ENDOWMENT SUSTAINS OPPORTUNITIES OF REMARKABLE SCOPE, INCLUDING EXPERIENTIAL AND OUTDOOR EDUCATION, DEEP ACADEMIC EXCELLENCE, GLOBAL EXCHANGES AND LANGUAGES AND SUSTAINABILITY INITIATIVES CLOSELY ATTUNED TO OUR CHANGING WORLD. THESE PROGRAMS MAKE THE STUDENT EXPERIENCE HERE ONE OF THE BROADEST IN INDEPENDENT EDUCATION. THE ENDOWMENT ALSO SUPPORTS OUR UNIQUE ADMISSION PROCESS AND GENEROUS FINANCIAL AID PROGRAM. THESE PROGRAMS ARE COMMITTED TO PROVIDING ACCESS TO THE ACADEMY FOR STUDENTS OF TALENT AND CHARACTER FROM THROUGHOUT THE CITY, REGION, AND (AT TIMES) COUNTRY AS THEY SEEK AN ENRICHED AND MEANINGFUL EDUCATIONAL EXPERIENCE. FINALLY, THE ACADEMY'S ENDOWMENT SUPPORTS OUR OUTREACH PROGRAMS AND CAMPUS EVENTS. OUR EVENING COMMUNITY ACADEMY CLASSES AND LECTURES, CHARGER AQUATICS PROGRAM, SUMMER SESSION, AND ARTISTIC, ATHLETIC, AND VOLUNTEER EVENTS ON CAMPUS ALL EXEMPLIFY OUR COMMUNITY OUTREACH AND THE ACADEMY'S BELIEF IN LIFE-LONG LEARNING. |
| SCHEDULE D, PART X, LINE 2 | THE ORGANIZATION'S INCOME TAX FOOTNOTE CONTAINS A DESCRIPTION OF THE REQUIREMENTS OF FIN 48. IT THEN CONTAINS THE FOLLOWING TEXT: AS OF JUNE 30, 2011, THE ACADEMY AND HIGH DESERT PERFORMED COMPREHENSIVE REVIEWS OF THEIR MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THESE REVIEWS, THE ACADEMY QUALIFIED AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. ADDITIONALLY, THE ACADEMY AND HIGH DESERT DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART I, LINE 3 | ALBURQUERQUE ACADEMY PUBLISHES ITS NON-DISCRIMINATION STATEMENT AS FOLLOWS: SCHOOL MAGAZINE "THE CURRENT" (ANUALLY), ADMISSION BROCHURE, ADMISSION VIEW BOOK, ADMISSION/FINANCIAL AID FORMS, COLLEGE PROFILE GUIDE, SUMMER SESSION CATALOGUE, NEW PARENT GUIDEBOOK, POSTED ON THE ACADEMY'S WEBSITE UNDER FACTS & STATS ON THE EMPLOYMENT PAGE, ALBUQUERQUE JOURNAL (ANUALLY). |
| PART I, LINE 6A | THE ACADEMY RECEIVES FUND FROM THE FEDERAL GOVERNMENT IN THE FORM OF THE NATIONAL SCHOOL LUNCH PROGRAM AND FROM THE STATE OF NEW MEXICO IN THE FORM OF AN ALLOCATION FOR THE BENEFIT OF CHILDREN TO ASSIST IN THE PURCHASE OF TEXTBOOKS. THE ALBUQUERQUE ACADEMY FOUNDATION LOCATED AT 6400 WYOMING BLVD.NE, ALBUQUERQUE, NM 87109-3899 PROVIDES THE ACADEMY GRANTS FOR USE IN SUPPORTING EDUCATIONAL PROGRAMS FOR OTHER MEMBER SCHOOLS OF THE INDEPENDENT SCHOOL ASSOCIATION OF THE SOUTHWEST BY PROVIDING ASSISTANCE FOR FACULTY AND CURRICULUM DEVELOPMENT. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GOLF TOURN. | NameOfEvent1 |
| Gross Receipts Event1 | 56258 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 39410 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 16848 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 1432 | CashPrizesEvent1 |
| Rent Facility Costs Event1 | 14273 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 2541 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 422 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 56258 | GrossReceiptsTotal |
| Charitable Contributions Total | 39410 | CharitableContributionsTotal |
| Gross Revenue Total Events | 16848 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 1432 | CashPrizesTotalEvents |
| Rent Facility Costs Total Events | 14273 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 2541 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 422 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 18668 | DirectExpenseSummaryEvents |
| Net Income Summary | -1820 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 350 | NumberOfRecipients |
| Amount Of Cash Grant | 4533127 | AmountOfCashGrant |
| Method Of Valuation | N/A | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | SCHEDULE I PART 1 LINE 2 | ReturnReference |
| Explanation | PART 1, LINE 2- FINANCIAL AID IS AWARDED BASED SOLELY UPON DEMONSTRATED FINANCIAL NEED. A FAMILY'S NEED IS ASSESSED THROUGH A COMPREHENSIVE SCREENING PROCESS. THE PROCESS REQUIRES THAT THE FAMILY COMPLETE AN APPLICATION AND PROVIDE THE SCHOOL WITH A FULL SET OF TAX RETURNS INCLUDING ALL SUPPORTING SCHEDULES. TO DETERMINE THE APPROPRIATE GRANT, THE ACADEMY UTILIZES A STANDARD METHODOLOGY PROVIDED BY SCHOOL AND STUDENT SERVICES (SSS) AND WHICH IS USED BY INDEPENDENT SCHOOLS NATIONWIDE. THIS METHODOLOGY CALCULATES A CONTRIBUTION FOR EACH INDIVIDUAL FAMILY BASED UPON THE FAMILY'S SPECIFIC FINANCIAL SITUATION AND DISCRETIONARY INCOME. PRIOR TO MAKING ANY AWARD, EACH APPLICANT FILE AND PROPOSED AWARD IS CAREFULLY REVIEWED BY A COMMITTEE TO ENSURE THE DECISIONS ARE BASED ON CONSISTENT APPLICATION OF NEED BASED CRITERIA. FINANCIAL AID IS AWARDED FOR ONE YEAR ONLY; APPLICANTS MUST REAPPLY ANNUALLY BY SUBMITTING A NEW APPLICATION AND THE TAX DOCUMENTATION. IN ADDITION TO A COMMITTEE REVIEW OF EACH AWARD, THE FINANCIAL AID OFFICE CONDUCTS A RANDOM AUDIT OF FILES ANNUALLY AS ANOTHER CHECK TO ENSURE THAT ALL FINANCIAL AID IS BEING AWARDED APPROPRIATELY AND WITH THE PROPER SUPPORTING DOCUMENTATION. ON A MONTHLY BASIS, THE BUSINESS OFFICE COMPARES FINANCIAL AID SUBSIDIARY LEDGER POSTINGS TO A LIST OF AID AWARDS PROVIDED BY THE FINANCIAL AID OFFICE TO ENSURE THERE ARE NO DISCREPANCIES BETWEEN THE TWO AMOUNTS. ANY DISCREPANCIES ARE PROMPTLY RESEARCHED AND RESOLVED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREW T WATSON | |||||||||||||
| 310526 | 0 | 40000 | 0 | 0 | 0 | 24500 | 0 | 34155 | 0 | 409181 | 0 | 0 | 0 |
| GARY GORDON | |||||||||||||
| 171985 | 0 | 35000 | 0 | 0 | 0 | 5322 | 0 | 49018 | 0 | 261325 | 0 | 0 | 0 |
| DON SMITH | |||||||||||||
| 149029 | 0 | 0 | 0 | 0 | 0 | 15314 | 0 | 10931 | 0 | 175274 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VILLAGE OF LOS RANCHOS DE ALBUQUERQUE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 850236091 | IssuerEIN |
| CUSIP Number | 545610AR8 | CUSIPNumber |
| Date Issued | 2010-09-21 | DateIssued |
| Issue Price | 37303574 | IssuePrice |
| Description Of Purpose | SEE PART V | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 37303574 | TotalProceeds |
| Amount In Reserve Fund | 6057233 | AmountInReserveFund |
| Capitalized Interest | 0 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 413761 | IssuanceCostsFromProceeds |
| Credit Enhancement | 0 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 0 | CapitalExpenditures |
| Other Spent Proceeds | 30833000 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | false | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION 1 | Identifier |
| Return Reference | SCH K, PART I & PART II: | ReturnReference |
| Explanation | SEE SCHEDULE O GENERAL STATEMENT 13 AND 14 | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CAROL WATSON | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SPOUSE OF HEAD OF SCHOOL | Relationship |
| Amount Of Transaction | 68899 | AmountOfTransaction |
| Description Of Transaction | W-2 SALARY | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 304543 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | BRACELET | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 175 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCH M, PART I, LINE 9, COLUMN B: | Identifier |
| Explanation | COLUMN (B) : TOTAL 9 CONTRIBUTORS CONTRIBUTED SEVERAL PUBLICLY TRADED STOCKS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (14 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| GENERAL STATEMENT 1 | FORM 990 PART I, LINE 1 MISSION STATEMENT | THE ACADEMY WAS THE FORTUNATE RECIPIENT OF A TRANSFORMATIONAL GIFT OF LAND IN THE EARLY SIXTIES AND, FITTINGLY, HAS CHOSEN TO USE THIS GIFT TO ENSURE ECONOMIC ACCESSIBILITY TO STUDENTS LIVING THROUGHOUT THE CITY AND THE REGION. TODAY THE ACADEMY OFFERS STUDENTS AN EDUCATION THAT IS WITHOUT EQUAL IN THE SOUTHWEST. STUDENTS FROM 90 SCHOOLS SHARE AN INSATIABLE CURIOSITY AND ARE SERVED BY TEACHERS WHO DELIVER THEIR EXPERTISE IN CREATIVE AND ENGAGING WAYS. STUDENTS IN THE 6/7 DIVISION FOLLOW A NON TRADITIONAL SCHEDULE THAT ALLOWS FOR TEACHING FLEXIBILITY AND ADAPTABILITY IN AN EVER-CHANGING WORLD. 8/9 STUDENTS ARE GIVEN THEIR OWN CAMPUS SPACE AND THEIR OWN ACCOUNTABILITY TO HELP THEM GROW INTO CONFIDENT YOUNG ADULTS. FOR THE 10/12 DIVISION, COURSE WORK INVOLVES INCREASINGLY PHILOSOPHICAL AND ANALYTICAL THOUGHT. ACADEMY STUDENTS SERVE THE COMMUNITY TO WHICH THEY BELONG, COMPETE IN A VARIETY OF COMPETITIVE SPORTS AND PARTICIPATE IN A VARIETY OF ACADEMIC CLUBS AND STUDENT ORGANIZATIONS. MOST ACADEMY STUDENTS ATTEND FOUR-YEAR COLLEGES AND UNIVERSITIES UPON GRADUATION, MANY OF THEM ENROLLING AT SOME OF THE BEST UNIVERSITIES IN THE COUNTRY. ADMISSION TO THE ACADEMY IS COMPETITIVE; APPROXIMATELY ONE-THIRD OF THOSE WHO APPLY ARE OFFERED ADMISSION. IN 2010-2011, THE STUDENT BODY COMPRISES 48% BOYS AND 52% GIRLS, 47% ARE STUDENTS OF COLOR AND 32% RECEIVED OVER $4.8 MILLION IN FINANCIAL AID. FINANCIAL AID IS BASED ON DEMONSTRATED FINANCIAL NEED; ONLY AFTER STUDENTS ARE ADMITTED ARE THEIR NEEDS ASSESSED AND FINANCIAL AID OFFERED. |
| GENERAL STATEMENT 2 | FORM 990 PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION | WE BELIEVE THAT CHILDREN'S LIVES CHANGE WHEN THEIR NATURAL PASSION FOR LEARNING IS NURTURED AND TRANSFORMED INTO HABITS OF LIFE-LONG LEARNING AND REFLECTION. WE BELIEVE THAT THE WORLD CHANGES AS THESE CHILDREN LEARN TO SERVE COUNTRY AND COMMUNITY WITH WISDOM, CONVICTION, AND COMPASSION. IN LIGHT OF THESE BELIEFS: WE SERVE STUDENTS OF TALENT AND CHARACTER, OFFERING THEM AN EDUCATION THAT BROADENS THEIR PERSPECTIVES, SHARPENS THEIR MINDS, STRENGTHENS THEIR BODIES, AND ENGAGES THEIR HEARTS. WE COMMIT TO CREATING A CARING, INCLUSIVE, AND JUST COMMUNITY, USING THE GEOGRAPHY AND CULTURE OF OUR HOME IN THE SOUTHWEST TO ENRICH OUR EDUCATIONAL PROGRAMS AND TO FOSTER CREATIVITY, PERSONAL BALANCE AND A CONNECTION TO THE NATURAL WORLD. WE DEVOTE OUR RESOURCES TO ENSURE ECONOMIC ACCESSIBILITY TO OUR STUDENTS AND TO SUPPORT THE WIDER COMMUNITY THROUGH OUTREACH AND COMMUNITY SERVICE. WE ENTRUST THIS MISSION TO OUR GRADUATES AND SUCCESSORS AS WE PRESERVE OUR RESOURCES AND SERVE THE CHILDREN OF GENERATIONS TO COME. |
| GENERAL STATEMENT 3 | FORM 990 PART III, LINE 4A-4B, PROGRAM SERVICE ACCOMPLISHMENTS | LINE 4A: THE BEGINNING-ALBUQUERQUE ACADEMY OPENED ITS DOORS IN THE FALL OF 1955 WITH 12 BOYS IN GRADES 7 THROUGH 9, TWO TEACHERS, AND FOUNDING HEAD WILLIAM B.S. WILBURN. CLASSES WERE HELD IN RENTED SPACE IN THE PARISH HALL OF ST. MICHAEL'S AND ALL ANGELS CHURCH. IN 1957, ENROLLMENT HAD GROWN TO 75 BOYS AND THE SCHOOL MOVED TO A 27-ACRE SITE ON NORTH EDITH BOULEVARD. THE FIRST CLASS OF SEVEN BOYS GRADUATED IN 1960. IN 1966, THE SCHOOL MOVED TO ITS PRESENT LOCATION, AND IN 1967-68 WAS HOME TO 405 BOYS. GIRLS WERE ADMITTED IN GRADES 9-12 IN 1973. IN 2011, ALBUQUERQUE TODAY SERVES 1,094 GIRLS AND BOYS IN GRADES 6 THROUGH 12. THE SIMMS LEGACY-THE ACADEMY'S REMARKABLE GROWTH WAS MADE POSSIBLE LARGELY THROUGH THE TRANSFORMATIONAL GIFT OF ALBERT G. SIMMS, A NEW MEXICO FINANCIER AND RANCHER, AND HIS WIFE, RUTH HANNA MCCORMICK SIMMS. IN THE EARLY 1960'S MR. AND MRS. SIMMS GAVE OR BEQUEATHED TO THE ACADEMY (IN TRUST) MORE THAN 12,000 ACRES OF UNDEVELOPED LAND AND 8,000 SHARES OF ALBUQUERQUE NATIONAL BANK (NOW BANK OF AMERICA) STOCK. MOST OF THE UNDEVELOPED LAND HAS BEEN SOLD OVER THE PAST THREE DECADES RESULTING IN THE ENDOWMENT THAT TODAY ENABLES EDUCATION IN A BEAUTIFUL AND UPLIFTING ENVIRONMENT. AN AMBITIOUS MISSION-THE UNIQUENESS OF THE ACADEMY IS DUE, IN LARGE PART, TO ITS COMMITMENT TO A NEED-BLIND ADMISSION POLICY, PROVIDING ACCESSIBILITY TO QUALIFIED STUDENTS FROM THROUGHOUT THE GREATER ALBUQUERQUE COMMUNITY. ONLY AFTER STUDENTS HAVE BEEN CHOSEN ARE THEIR TUITION NEEDS ASSESSED AND FINANCIAL AID OFFERED. EVERY ACADEMY STUDENT BENEFITS FROM THE SCHOOL'S COMMITMENT TO ACCESSIBILITY AND AFFORDABILITY. DIRECT SUPPORT FROM THE ENDOWMENT COVERS 25% OF THE COST NOT COVERED BY TUITION. DIVERSITY - A FURTHER COMMITMENT OF THE ACADEMY IS TO DIVERSITY AND DEDICATING THE SCHOOL'S RESOURCES TO CREATING AN ENVIRONMENT IN WHICH ALL PEOPLE CAN THRIVE. IT IS THE RESPONSIBILITY OF ALL THE SCHOOL'S CONSTITUENTS TO MAKE THIS ENVIRONMENT CONDUCIVE TO LEARNING AND TO FOSTER MUTUAL RESPECT FOR ONE ANOTHER. THE ACADEMY STUDENT BODY CONSISTS OF 1,094 STUDENTS. STUDENTS OF COLOR (INCLUDING STUDENTS OF MIDDLE EASTERN, HISPANIC, AFRICAN AMERICAN, ASIAN AND NATIVE AMERICAN ANCESTRY) REPRESENT 47% OF THE TOTAL STUDENT POPULATION. APPRECIATION FOR DIVERSITY IS ALSO EXTENDED TO THOSE OF VARIOUS SOCIOECONOMIC LEVELS. THE SCHOOL HAS CHOSEN TO VOLUNTARILY PARTICIPATE IN THE USDA'S NATIONAL SCHOOL LUNCH PROGRAM WHICH PROVIDES NUTRITIONALLY BALANCED, LOW-COST OR FREE BREAKFASTS AND LUNCHES TO CHILDREN EACH SCHOOL DAY. NINETY-ONE CHILDREN BENEFITED FROM THIS PROGRAM. STUDENT ACCOMPLISHMENT - ACADEMY STUDENTS BENEFIT ACADEMICALLY FROM SMALL CLASSES (AVERAGING 16 STUDENTS IN THE 6-7 DIVISION TO 15 IN THE 10-12 DIVISION) AND TEACHER-TO-STUDENT RATIO (1:9). SIXTY-NINE PERCENT OF THE 278 STUDENTS ADVANCED PLACEMENT EXAMS IN MAY 2011 RECEIVED SCORES OF 4 OR 5, 92 PERCENT RECEIVED SCORES OF 3 OR ABOVE. THE CLASS OF 2011 HAD 25 NATIONAL MERIT SCHOLARSHIP SEMIFINALISTS, 13 COMMENDED STUDENTS AND 12 NATIONAL HISPANIC SCHOLARS. ALMOST ALL ACADEMY GRADUATES ENROLL IN FOUR-YEAR COLLEGES IMMEDIATELY UPON GRADUATION. LINE 4B: THE ALBUQUERQUE ACADEMY SUMMER SESSION OFFERS THE OPPORTUNITY TO 2,145 CHILDREN OF THE GREATER ALBUQUERQUE COMMUNITY (MOST NON-AFFILIATED WITH THE REGULAR SCHOOL YEAR SESSION) TO PARTICIPATE IN AN ENRICHING AND EXCITING SUMMER EXPERIENCE. THE SCHOOL IS EQUALLY PLEASED TO OFFER THIS PROGRAM TO STUDENTS VISITING ALBUQUERQUE AND NEW MEXICO EACH SUMMER. THE PROGRAM HAD OVER 200 CLASS OFFERINGS AND INCLUDES EARLY CHILDHOOD PROGRAMS, A DAY CAMP, VARIOUS SPORTS CAMPS AND SWIM INSTRUCTION FOR CHILDREN PRESCHOOL TO HIGH SCHOOL. CREDIT CLASSES IN MATH AND SCIENCE ARE ALSO OFFERED TO HIGH SCHOOL STUDENTS. AN INTEGRAL PART OF THE SESSION IS THE MULTICULTURAL SUMMER HONORS PROGRAM, A SUMMER SCHOLARSHIP PROGRAM FOR ACADEMICALLY TALENTED AND MOTIVATED AFRICAN AMERICAN, NATIVE AMERICAN, HISPANIC AND OTHER STUDENTS WHO WILL BE ENTERING THE FOURTH AND FIFTH GRADES. SUMMER SESSION HAS BEEN AN INTEGRAL PART OF ALBUQUERQUE ACADEMY SINCE 1984, REINFORCING THE SCHOOL'S UNIQUE MISSION OF ACCESSIBILITY, AFFORDABILITY, EXCELLENCE AND OUTREACH. THE PROGRAM ALSO BUILDS A BROADER SENSE OF COMMUNITY, AS SUMMER STUDENTS AND THEIR SIBLINGS, AS WELL AS CHILDREN OF FACULTY AND ALUMNI RETURN SUMMER AFTER SUMMER. THE SESSION IS STAFFED BY QUALIFIED AND TALENTED INDIVIDUALS WHO COME FROM THROUGHOUT NEW MEXICO AND THE WIDER NATIONAL AND INTERNATIONAL EDUCATIONAL COMMUNITY. THE TEACHER/STUDENT RATIO IS MAINTAINED AT 1:11 AND REMARKABLE STUDENTS ARE HIRED TO ASSIST TEACHERS AND SERVE AS CAMP COUNSELORS. |
| GENERAL STATEMENT 4 | FORM 990 PART III, LINE 4C-4D, PROGRAM SERVICE ACCOMPLISHMENTS | LINE 4C: THE MEDIA LITERACY PROJECT (MLP), FOUNDED IN 1993, IS NATIONALLY RECOGNIZED AS A LEADER IN MEDIA LITERACY EDUCATION. ITS MISSION IS TO CULTIVATE CRITICAL THINKING AND ACTIVISM IN MEDIA CULTURE TO BUILD HEALTHY AND JUST COMMUNITIES. MLP DELIVERS DYNAMIC MULTIMEDIA PRESENTATIONS AT CONFERENCES, WORKSHOPS AND CLASSROOMS ACROSS THE COUNTRY. THE MEDIA LITERACY CURRICULA ACTION GUIDES ARE USED IN COUNTLESS CLASSROOMS AND COMMUNITIES IN ALL 50 STATES AND ABROAD. MLP'S CATALYST INSTITUTE AND OTHER TRAINING PROGRAMS HAVE EMPOWERED THOUSANDS OF PEOPLE TO BE ADVOCATES FOR A MEDIA LITERACY SOCIETY. IN FY 2011, MLP STAFF DELIVERED MORE THAN 83 PRESENTATIONS AND TRAININGS REACHING 3,200 YOUTH AND ADULTS IN 10 STATES, INCLUDING NEW YORK, NEW MEXICO, MONTANA, IOWA, GEORGIA, TEXAS, NEW JERSEY, ARKANSAS, WASHINGTON, AND MASSACHUSETTS. LINE 4D: OTHER PROGRAM SERVICES - COMMUNITY OUTREACH IS AN IMPORTANT ASPECT OF THE ALBUQUERQUE ACADEMY MISSION. THE SCHOOL IS DEEPLY COMMITTED TO MAKING A POSITIVE IMPACT ON THE GREATER ALBUQUERQUE COMMUNITY, THE STATE OF NEW MEXICO AND BEYOND. OUTREACH INITIATIVES ARE ABUNDANT AND COMMUNITY SERVICE IS PART OF THE CURRICULUM AT ALL GRADE LEVELS. EACH YEAR STUDENTS UNDERTAKE PROJECTS AT NUMEROUS NONPROFIT ORGANIZATIONS IN THE COMMUNITY. COMMUNITY BUILDERS IS A TUITION-FREE PROGRAM THAT GIVES STUDENTS FROM ALBUQUERQUE ACADEMY AND OTHER AREA SCHOOLS AN OPPORTUNITY TO LEARN THE NUTS AND BOLTS OF COMMUNITY PHILANTHROPY AND NONPROFIT ORGANIZATIONS. THE PROGRAM INCLUDES A MIX OF SITE VISITS AND MEETINGS WITH COMMUNITY LEADERS TO DISCUSS A VARIETY OF TOPICS, INCLUDING TYPES OF NONPROFITS, LEGAL AND ETHICAL ISSUES IN THE NONPROFIT SECTOR, GRANT WRITING FOR NONPROFITS, NONPROFIT GOVERNING BOARDS AND COMMUNITY LEADERSHIP. AT THE END OF THE PROGRAM STUDENTS COME TOGETHER AS A MOCK FOUNDATION TO MAKE DECISIONS ABOUT HOW TO SUPPORT SOME OF THE NONPROFITS THEY STUDIED, BOTH FINANCIALLY AND THROUGH VOLUNTEER WORK. THE PROGRAM IS PERMANENTLY ENDOWED SO THAT FUNDS TOTALING $10,000 CAN BE ALLOCATED AMONG STUDIED NONPROFITS. ALMOST 70 NONPROFIT ORGANIZATIONS INCLUDING ACCION, SPECIAL OLYMPICS, ANIMAL HUMANE SOCIETY, HEALTHCARE FOR THE HOMELESS AND ROADRUNNER FOOD BANK HAVE PARTICIPATED IN THIS PROGRAM WHICH HAS NOW COMPLETED ITS NINTH YEAR. CHARGER AQUATICS IS A COMPREHENSIVE, YEAR-ROUND AQUATICS PROGRAM THAT PROVIDES SWIMMERS IN THE GREATER ALBUQUERQUE AREA WITH OPPORTUNITIES TO LEARN, PRACTICE, AND COMPETE IN THE SCHOOL'S STATE-OF-THE-ART AQUATICS FACILITY LOCATED IN THE NATIONALLY ACCLAIMED BARNEY NATATORIUM AND OFFERED AS PART OF THE SCHOOL'S ONGOING COMMITMENT TO PROVIDE SERVICE AND OUTREACH TO THE COMMUNITY AT LARGE; CHARGER AQUATICS OFFERS MEMBERSHIP IN USA-SANCTIONED CLUBS, INCLUDING USA SWIMMING AND US MASTERS SWIMMING, ALONG WITH AN EXTENSIVE MENU OF NON-MEMBER AQUATICS CLASSES SUCH AS AQUA FITNESS AND TODDLER AND PRESCHOOL SWIM LESSONS. ENROLLMENT IN ALL PROGRAMS NOW EXCEEDS 275 CHILDREN AND ADULTS. COMMUNITY ACADEMY - THIS PROGRAM SUPPORTS THE SCHOOL'S COMMITMENT TO COMMUNITY OUTREACH AND LIFE-LONG LEARNING. THE PROGRAM OFFERS A CONTINUING EVENING LECTURE SERIES, FREE OF CHARGE TO THE ENTIRE COMMUNITY, PRESENTED BY ACADEMY FACULTY AND ALUMNI AND BY COMMUNITY LEADERS WITH EXPERTISE IN THEIR FIELDS. THE BRAIN INSTITUTE - THIS PROGRAM IS DESIGNED TO OFFER KNOWLEDGE ABOUT BRAIN RESEARCH AND BRAIN-BASED LEARNING. EXPERTS FROM THE FIELDS OF EDUCATION, NEUROSCIENCE, AND COGNITIVE SCIENCE DISCUSS HOW RESEARCH FROM THE FIELD OF NEUROSCIENCE CAN BE UTILIZED IN PRACTICAL WAYS TO ENHANCE LEARNING. PRESENTERS PROVIDE INFORMATION ON BRAIN DEVELOPMENT IN EARLY CHILDHOOD, STRATEGIES TO ENHANCE MEMORY AND RECALL, SUGGESTIONS FOR WORKING WITH STRUGGLING LEARNERS, CLASSROOM AND SCHOOL DESIGNS THAT FOSTER EMPATHY AND A SENSE OF BELONGING AND THE EFFECT OF TECHNOLOGY ON THE BRAIN. PEER COLLABORATION AND NETWORKING ARE AN INTEGRAL PART OF THIS INSTITUTE. TOPICS COVERED INCLUDE NEUROANATOMY, COGNITIVE DEVELOPMENT, MEMORY AND RECALL, EMOTIONS AND LEARNING, ETC. AND BENEFIT K-12 EDUCATORS, ADMINISTRATORS, LEARNING AND READING SPECIALISTS, SOCIAL WORKERS, COUNSELORS, LANGUAGE PATHOLOGISTS, PARENTS AND ANYONE INTERESTED IN LEARNING MORE ABOUT THE COVERED TOPICS. ISAS FESTIVAL- THE ISAS FESTIVAL IS HOSTED BY SCHOOLS OF THE INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST ON A ROTATING BASIS, APPROXIMATELY ONCE EVERY TEN YEARS. IN APRIL OF 2011, ALBUQUERQUE ACADEMY WAS THE SPONSOR OF THIS EVENT. THE SCHOOL WAS SUCCESSFUL AT ATTRACTING 3200 YOUNG ARTISTS TO CAMPUS TO ENJOY TWO DAYS ATTENDING NON-COMPETITIVE WORKSHOPS AND VENUES. THEY ENJOYED SHARING THEIR ARTISTRY, WATCHING OTHERS DO THE SAME, MAKING NEW FRIENDS AND JOINING THE TRADITION OF THE WONDERFUL, ARTISTIC WORLD OF NEW MEXICO. |
| GENERAL STATEMENT 5 | FORM 990, PAGE 5, PART V, LINE 2A: | OF THE 975 EMPLOYEES REPORTED ON LINE 2A, 287 ARE FULL-TIME STAFF/FACULTY EMPLOYEES, 248 ARE PART-TIME EMPLOYEES, 4 ARE FULL-TIME EMPLOYEES EMPLOYED DURING THE SUMMER SESSION ONLY AND 436 ARE PART-TIME EMPLOYEES EMPLOYED DURING THE SUMMER SESSION ONLY. |
| GENERAL STATEMENT 6 | FORM 990, PAGE 5, PART V, LINES 7G & H: | FORM 8899 AND 1099-C REPORTING; THE SCHOOL DID NOT RECEIVE CONTRIBUTIONS OF THE TYPE LISTED AND, THEREFORE, DOES NOT HAVE A REPORTING REQUIREMENT. THESE QUESTIONS HAVE NOT BEEN ANSWERED AS THEY ARE NOT APPLICABLE. |
| GENERAL STATEMENT 7 | FORM 990, PART VI, SECTION B, LINE 11 A&B: | FORM 990 IS PREPARED BY THE SCHOOL'S CONTROLLER WITH A REVIEW BY THE SCHOOL'S BUSINESS MANAGER AND BY ITS EXTERNAL ACCOUNTING FIRM. A DRAFT FORM IS SENT ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF TRUSTEES WITH SCHEDULE B FOR CONFIDENTIAL REASONS. IT IS ACCOMPANIED BY A SUMMARY REPORT FROM THE BUSINESS MANAGER WHICH EXPLAINS THE FINANCIAL DATA AND NARRATIVE INFORMATION INCLUDED IN THE FORM. THE BOARD OF TRUSTEE'S AUDIT COMMITTEE MEETS WITH SCHOOL EMPLOYEES (HEAD OF SCHOOL, TREASURER AND BUSINESS MANAGERS) TO REVIEW THE FORM IN DETAIL. TRUSTEE MEMBERS UTILIZE THIS TIME TO ASK QUESTIONS, CLARIFY DATA AND MAKE SUGGESTIONS FOR ANY CHANGES. ANY AGREED UPON CHANGES ARE INCORPORATED INTO THE FORM, WITH A FINAL REVIEW UNDERTAKEN BY THE CONTROLLER AND THE BUSINESS MANAGER. THE FORM IS SUBMITTED ELECTRONICALLY TO THE IRS IN A TIMELY MANNER. |
| GENERAL STATEMENT 8 | FORM 990, PART VI, SECTION B, LINE 12C: | THE CONFLICT OF INTEREST STATEMENT IS DIRECTED TO OFFICERS, TO THOSE WHO MAKE PURCHASING DECISIONS, TO ALL PERSONS WHO ARE DESCRIBED AS MANAGEMENT PERSONNEL AND TO ANYONE WHO HAS PROPRIETARY INFORMATION CONCERNING THE SCHOOL. EACH EMPLOYEE MUST SIGN A STATEMENT ANNUALLY WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. TO ENSURE THE SCHOOL OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PERIODIC REVIEW SHALL, AT A MINIMUM, INCLUDE WHETHER TRANSACTIONS BETWEEN EMPLOYEES AND THE SCHOOL ARE NEGOTIATED AS THE RESULT OF ARM'S LENGTH BARGAINING AND WHETHER PARTNERSHIPS, JOINT VENTURES AND ANY OTHER BUSINESS ARRANGEMENTS WITH THE SCHOOL ARE PROPERLY RECORDED. TRANSACTIONS ARE FURTHER REVIEWED TO ENSURE THEY REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, THEY FURTHER CHARITABLE PURPOSES AND THEY DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR ANY EXCESS BENEFIT TRANSACTION. ACCOUNTING AND OTHER PERSONNEL ARE ENCOURAGED TO REPORT A SITUATION INVOLVING A POTENTIAL CONFLICT OF INTEREST TO AN APPROPRIATE SCHOOL OFFICIAL. |
| GENERAL STATEMENT 9 | FORM 990, PART VI, SECTION B, LINE 15A&B: | THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE TAKES RESPONSIBILITY FOR THE EVALUATION OF ITS TWO DIRECT REPORTS, THE HEAD OF SCHOOL AND THE TREASURER, AND FOR THE DETERMINATION OF COMPENSATION FOR EACH OF THOSE INDIVIDUALS. THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, VICE-CHAIR, SECRETARY, ASSISTANT SECRETARY, ASSISTANT TREASURER, AND TWO AT-LARGE BOARD MEMBERS APPOINTED BY THE CHAIR. ALL BOARD MEMBERS, INCLUDING THE MEMBERS OF THE EXECUTIVE COMMITTEE, SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO THE CHAIR OF THE BOARD ANNUALLY. THESE ARE UTILIZED TO DETERMINE THAT THE COMMITTEE MEMBERS DO NOT HAVE ANY CONFLICTS OF INTEREST AND THEY DO NOT HAVE ANY DIRECT FINANCIAL INTEREST IN THE COMPENSATION PROVIDED TO THE HEAD OF SCHOOL OR TO THE TREASURER. THE EXECUTIVE COMMITTEE HAS, IN SOME YEARS, RETAINED A COMPENSATION CONSULTANT INTIMATELY FAMILIAR WITH COMPENSATION FOR THE HEADS OF INDEPENDENT SCHOOLS BOTH IN THE REGION AND NATIONALLY. THE CONSULTANT HAS NO FINANCIAL OR OTHER INTEREST IN THE COMPENSATION DECISIONS MADE. THE CONSULTANT HAS PREPARED A STUDY OF UP TO THIRTY OR FORTY SCHOOLS THAT ARE OR MAY BE COMPARABLE TO ALBUQUERQUE ACADEMY IN TERMS OF COMPLEXITY, SIZE OF OPERATING BUDGET, GRADE RANGE AND STUDENT BODY SIZE. THE CONSULTANT ALSO CONSIDERS HEADS OF SCHOOL WITH EXPERIENCE LEVELS COMPARABLE TO THE ACADEMY'S HEAD OF SCHOOL. THE CONSULTANT'S COMPENSATION INFORMATION INCLUDES EVIDENCE OF SALARY, BONUSES, BENEFITS AND OTHER NON-CASH CONSIDERATION THAT OTHER HEADS MAY RECEIVE. THE EXECUTIVE COMMITTEE CONSIDERS THE INFORMATION ASSEMBLED BY THE CONSULTANT, AND IN ADDITION, INFORMATION GATHERED FROM NEWS SOURCES AND INDEPENDENT SCHOOL ASSOCIATIONS, IN SETTING COMPENSATION FOR THE HEAD OF SCHOOL, TOGETHER WITH ANY INFORMATION OBTAINED FROM ANY EVALUATIONS THAT MAY HAVE BEEN PERFORMED, ORDINARILY IN THE SPRING AND EARLY SUMMER, IN ADVANCE OF THE BEGINNING OF THE ACADEMY'S FISCAL YEAR. THE EXECUTIVE COMMITTEE MAINTAINS MINUTES OF ITS MEETINGS, INCLUDING THOSE IN WHICH COMPENSATION MATTERS ARE CONSIDERED. THE CHAIR OF THE BOARD REPORTS THE COMPENSATION DECISIONS TO THE FULL BOARD. THE MOST RECENT COMPENSATION CONSULTANT STUDY WAS COMPLETED DURING THE 2009-2010 FISCAL YEAR. THE COMPENSATION CONSULTANT PROVIDED A LETTER TO THE ACADEMY'S EXECUTIVE COMMITTEE CONFIRMING HIS JUDGMENT THAT THE HEAD OF SCHOOL'S COMPENSATION IS REASONABLE AND APPROPRIATE. DETERMINING COMPARABILITY OF THE TREASURER'S COMPENSATION IS A MORE DIFFICULT SITUATION BECAUSE OF THE PAUCITY OF INFORMATION AVAILABLE. THE TREASURER'S POSITION AT THE ACADEMY INVOLVES A FAIRLY UNIQUE SET OF RESPONSIBILITIES RANGING FROM MANAGEMENT OF A SUBSTANTIAL ENDOWMENT TO A WIDE RANGE OF DEBT MANAGEMENT, BUSINESS AND FINANCIAL MATTERS. ONE OF THE REPORTS DONE BY THE COMPENSATION CONSULTANT DID INCLUDE INFORMATION REGARDING THE TREASURER'S COMPENSATION BY COMPARABILITY TO THE SECOND HIGHEST PAID OFFICER AT THE SUBJECT SCHOOLS. THAT INFORMATION, COUPLED WITH INFORMATION FROM A SURVEY BY AN ASSOCIATION OF SCHOOL BUSINESS OFFICERS AND THE KNOWLEDGE OF THE MEMBERS OF THE EXECUTIVE COMMITTEE OF COMPENSATION LEVELS PREVAILING IN THE GEOGRAPHIC AREA FOR PERSONS WITH THE SKILL SET AND WORK ETHIC NECESSARY TO FILL THIS OFFICE HAVE BEEN USED TO SET COMPENSATION SINCE THAT STUDY. THE EXECUTIVE COMMITTEE IS LOOKING FOR ADDITIONAL MEANS OF DOING COMPARISONS OF COMPENSATION. PROSPECTIVELY, THE EXECUTIVE COMMITTEE HOPES TO BE ABLE TO USE ADDITIONAL RESOURCES FOR MAKING COMPENSATION DECISIONS. THE NEWLY ENHANCED VERSIONS OF THE FORMS 990 AVAILABLE FROM COMPARABLE SCHOOLS WILL ALLOW THE ACADEMY TO PROCEED DURING MOST YEARS, BY CONSIDERING THOSE (PERHAPS WITH A LIMITED ACCOUNTING FIRM CONFIRMATION OF THE INFORMATION) TOGETHER WITH INFORMATION AVAILABLE FROM INDEPENDENT SCHOOLS AND BUSINESS ASSOCIATIONS EACH YEAR, AND ADDING IN A CONSULTANT'S STUDY AND REPORT ON A REGULAR BASIS. |
| GENERAL STATEMENT 10 | FORM 990, PART VI, SECTION C, LINE 19: | THE SCHOOL KEEPS A DATABASE (UPDATED EACH YEAR) OF FINANCIAL INSTITUTIONS, BONDHOLDERS AND VENDORS WHO HAVE REQUESTED A COPY OF THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AS A CONDITION OF PROVIDING CREDIT AND SERVICES TO THE SCHOOL. AFTER THE AUDIT IS COMPLETED AND ACCEPTED BY THE BOARD OF TRUSTEES, ELECTRONIC COPIES OF THE STATEMENTS ARE DISTRIBUTED TO ALL ENTITIES IN THE DATABASE. THE SCHOOL DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. |
| GENERAL STATEMENT 11 | FORM 990, PART XI, PAGE 12, LINE 5: | HDIC PRIOR YEAR IMPAIRMENT: ($6,747,719) HDIC NET LOSS: ($8,374,430) UNREALIZED GAIN/LOSSES: $6,219,815 ---------------- TOTAL ($8,902,334) |
| GENERAL STATEMENT 12 | FORM 990, PART XII, PAGE 12, LINE 2C: | THE PROCESS FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT BY THE AUDIT COMMITTEE HAS NOT CHANGED FROM THE PRIOR YEAR. |
| GENERAL STATEMENT 13 | SCH K, PART I, LINE A, COLUMN F: | TO RETIRE 1999 AND 2002 ISSUES, TO TERMINATE RELATED SWAP AGREEMENT TO FINANCE INFRASTRUCTURE AND TECHNOLOGY IMPROVEMENTS FOR THE SCHOOL CAMPUS. |
| GENERAL STATEMENT 14 | SCHEDULE K, PART II, LINE 17: | THE ACADEMY'S SERIES 2010 BONDS PROVIDED APPROXIMATELY $6 MILLION IN PROCEEDS TO FUND UPDATES OF FIRE ALARM AND SMOKE DETECTION SYSTEMS, REPLACEMENT OF ELECTRICAL LOAD AND MOTOR CONTROL CENTERS IN ORIGINAL CAMPUS BUILDINGS (1965), REPLACEMENT OF BURIED HOT WATER AND CHILLED WATER LOOP LINES, AND REPLACEMENT OF CERTAIN ROOFTOP HVAC UNITS AND RENOVATION OF CLASSROOM BUILDINGS AND FIXTURES, INCLUDING CLASSROOM TECHNOLOGY UPGRADES. THESE PROJECTS ARE EXPECTED TO RESULT IN SUBSTANTIAL OPERATIONAL SAVINGS OVER THE NEXT SEVERAL YEARS. THE BOND PROCEEDS HELD FOR THESE PROJECTS ARE ESCROWED AT WELLS FARGO. AS PROJECTS ARE COMPLETED OR AS PROGRESS BILLINGS ARE RECEIVED, THE ACADEMY SUBMITS THE APPROPRIATE SUPPORTING DOCUMENTATION TO WELLS FARGO, WHO IN TURN PROVIDES A REIMBURSEMENT TO THE SCHOOL FOR THE FUNDS EXPENDED. THE ACADEMY EXPECTS TO SPEND THE FULL $6 MILLION WITHIN THE THREE-YEAR PERIOD ALLOWED UNDER THE TERMS OF THE BOND AGREEMENT. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| ALBUQUERQUE ACADEMY EDUCATIONAL FDN | |||||||||
| 6400 WYOMING BLVDNE | ALBUQUERQUE | NM | 87109 | 850381395 | SUPRT. ISAS | NM | 501(C)(3) | TYPE II | NA |
| ALBUQUERQUE ACADEMY STUDENT SUPPORT FDN | |||||||||
| 6400 WYOMING BLVDNE | ALBUQUERQUE | NM | 87109 | 205895188 | PROVIDE SUPRT | NM | 501(C)(3) | TYPE II | NA |
| ALBUQUERQUE ACADEMY FOR BOYS TRUST #1 | |||||||||
| 1300 MERRILL LYNCH DRIVE 3RD FLOOR | PENNINGTON | NJ | 08534 | 866008015 | PROV. SURPT. | NM | 503(C)(3) | TYPE III | NA |
| ALBUQUERQUE ACADEMY FOR BOYS TRUST #2 | |||||||||
| 1300 MERRILL LYNCH DRIVE 3RD FLOOR | PENNINGTON | NJ | 08534 | 856014105 | PROV.SURPT. | NM | 501(C)(3) | TYPE III | NA |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIGH DESERT INVESTMENT CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 PARKWAY AVE NE STE 200 | AddressLine1 |
| City | RIO RANCHO | City |
| State | NM | State |
| ZIP Code | 87144 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850394108 | EIN |
| Primary Activity | REAL ESTATE | PrimaryActivity |
| Legal Domicile State | NM | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C CORP | TypeOfEntity |
| Share Of Total Income | 311698 | ShareOfTotalIncome |
| Share Of EOY Assets | 28544057 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| HIGH DESERT INVESTMENT CORPORATION | |
| A | 2450 |
| HIGH DESERT INVESTMENT CORPORATION | |
| D | 450000 |
| HIGH DESERT INVESTMENT CORPORATION | |
| P | 58848 |
| HIGH DESERT INVESTMENT CORPORATION | |
| Q | 100000 |