2011-05-16T08:45:15-05:00 2010-06-30 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2009-07-01 381359080 THE GROSSE POINTE ACADEMY GROS 3138861221 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 JAMES MURDOCK 3138861221 2011-05-12 1 2483522500 2009 2016-02-24 21:20:13Z JAMES MURDOCK 171 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 6489226 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. 20 20 67 200 -28621 -28621 1294749 961139 4624251 4103844 154816 355679 -261460 -303632 5812356 5117030 791243 874429 0 3654421 3096723 0 516637 2376156 2070567 6821820 6041719 -1009464 -924689 23036719 22310967 9531456 8951766 13505263 13359201 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 4418470 874429 4103844 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. 4418470 1 1 0 0 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 1 67 1 1 1 0 0 0 0 1 1 0 0 0 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X JAMES MURDOCK 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 5.00 X X 0 0 0 Anne Carson 5.00 X 0 0 0 Sandra Cavataio 5.00 X 0 0 0 Donald Coleman 5.00 X 0 0 0 Connie Demkowicz 5.00 X 0 0 0 Jennifer Fauster 5.00 X 0 0 0 Hali H Giessler 5.00 X 0 0 0 Kirk Haggarty 5.00 X X 0 0 0 Laura E Krueger 5.00 X 0 0 0 Debbie Minanov 5.00 X 0 0 0 John Murphy 5.00 X 0 0 0 M CATHY NOWOSIELSKI MD 5.00 X 0 0 0 Carole J Peabody 5.00 X 0 0 0 Kristi M Penman 5.00 X 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 FE Phil Demartini Jr 40.00 X 204831 0 11221 Angela Boyle 40.00 X 59529 0 10133 264360 0 21354 1 0 1 0 DRM Team 11751 SOBIESKI HAMTRAMCK MI 48212 CLEANING SERVICE 190193 BDH 1045 COOK RD GROSSE POINTE MI 48236 FOOD SERVICE PROVIDER 187190 2 586049 375090 122140 961139 TUITION & FEES 611710 4065665 4065665 STUDENT SUPPORT SERVIC 611710 38179 38179 4103844 147835 147835 61701 69046 -7345 -7345 -28621 21276 1107970 900126 207844 207844 207844 106737 586049 403024 -296287 -296287 5117030 4103844 -28621 80668 874429 874429 278628 278628 67607 67607 2358540 1705086 448471 204983 168557 114365 35082 19110 223391 160842 44678 17871 189 189 38000 38000 91726 91726 60414 45310 15104 811653 691021 120632 9998 9998 453380 420559 29024 3797 supplies 184076 184076 FOOD SERVICE 158936 158936 CAPITAL DRIVE 149494 149494 bad debt expense 18827 18827 DUES 15423 15423 78451 31551 32348 14552 6041719 4418470 1106612 516637 695 695 367777 654264 1796030 1174528 278745 279396 86427 102318 17360495 5756684 12048053 11603811 8228830 8278482 230162 217473 23036719 22310967 468598 355134 344799 317665 8250000 7855000 468059 423967 9531456 8951766 X 9444431 8763958 485202 1019613 3575630 3575630 13505263 13359201 23036719 22310967 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7516331 1500 1018142 23083 8512890 9486323 103275 -2048007 25260 7516331 0.53000 0.42000 0.05000 1 0 450000 450000 14564353 3410542 11153811 2346142 2346142 0 11603811 CONDITIONAL ASSET RETIREMENT OBLIGATION 193475 PENSION AND POST-RETIREMENT OBLIGATION 230492 423967 5117030 6041719 -924689 778627 778627 -146062 5090274 778627 -874429 -95802 5186076 -69046 -69046 5117030 5236336 69046 69046 5167290 874429 874429 6041719 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part XII, Line 2d - Other Adjustments: STUDENT AID: -874429. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSES INCLUDED IN NET RENTAL INCOME: -69046. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES INCLUDED IN NET RENTAL INCOME: 69046. Part XIII, Line 4b - Other Adjustments: STUDENT AID: 874429. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 ACTION AUCTION 692786 586049 106737 122140 280884 692786 586049 106737 122140 280884 403024 -296287 1 TUITION REMISSION 15 146341 FMV TUITION ASSISTANCE FINANCIAL AID 114 728088 FMV TUTION ASSISTANCE 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. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 FE Phil Demartini Jr 173771 0 0 0 31060 0 0 0 11221 0 216052 0 0 0 Part I, Line 1a THE HEAD OF SCHOOL'S (PHIL DEMARTINI) COMPENSATION INCLUDES A HOUSING ALLOWANCE OF $29,214, AN AUTO ALLOWANCE OF $6,000 AND COUNTRY CLUB DUES OF $6,000, ALL OF WHICH ARE TREATED AS TAXABLE INCOME. MICHIGAN STRATEGIC FUND 521417332 594698AA0 2005-08-01 6500000 CAPITAL IMPROVEMENTS 0 0 MICHIGAN STRATEGIC FUND 521417332 594698HP0 2009-02-19 2500000 CAPITAL IMPROVEMENTS 0 0 6500000 163837 6500000 2007 0 0 1 1 2500000 85764 2500000 2009 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 X 2 22500 FMV X 7650 FMV X 1 7500 FMV X VACATION PACKAGES DONATED FOR AUCTION 7 56800 FMV X JEWELRY 3 27690 FMV 0 0 0 Form 990, Part VI, Section B, line 11 THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 AFTER IT HAS BEEN FILED. 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. 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. THE POSITIONS COVERED UNDER THIS PROCESS ARE THE HEAD OF SCHOOL, DIRECTOR OF FINANCE AND THE SPOUSE OF THE HEAD OF SCHOOL WHO IS A TEACHER. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE 2007. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy and financial statements are AVAILABLE UPON REQUEST Form 990, Part xi, line 2c THE BOARD IS RESPONSIBLE FOR THE OVERSIGHT OF THE REVIEW. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.