2011-08-15T19:28:10-05:00 2010-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-01-01 133480246 NATIONAL ACADEMY FOUNDATION NATI 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 IRA BERKOWITZ 2126352400 2011-08-15 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z JD HOYE PRESIDENT 218 WEST 40TH STREET 5TH FL NEW YORK NY 10018 17638711 false X WWW.NAF.ORG X 1988 NY NATIONAL ACADEMY FOUNDATION STRENGTHENS AND EXPANDS THE POOL OF HIGH SCHOOL GRADUATES PREPARED TO ENTER THE WORKFORCE THROUGH ITS SERVICE TO OVER 500 ACADEMIES LOCATED IN SCHOOL DISTRICTS NATIONWIDE. 17 16 73 16 0 0 7690564 9968545 1576232 1804215 417764 260686 135344 21926 9819904 12055372 944544 414640 0 0 4577879 4845659 99950 77500 1077675 7981584 7885077 13603957 13222876 -3784053 -1167504 14319297 13038050 1528680 1406219 12790617 11631831 X NATIONAL ACADEMY FOUNDATION STRENGTHENS AND EXPANDS THE POOL OF HIGH SCHOOL GRADUATES PREPARED TO ENTER THE WORKFORCE. THE FOUNDATION SERVES OVER 500 ACADEMIES LOCATED IN SCHOOL DISTRICTS NATIONWIDE, SPECIALIZING IN HOSPITALITY AND TOURISM, FINANCE, INFORMATION TECHNOLOGY, AND ENGINEERING. THE FOUNDATION CREATES PROGRAM GOALS AND PRODUCES CURRICULUM FOR NATIONAL DISTRIBUTION TO THE ACADEMIES AND PROVIDES TEACHER TRAINING AND ON-SITE ASSISTANCE TO THE ACADEMIES, WITH A SPECIALIZATION IN CONNECTING ACADEMIES TO THE BUSINESS WORLD THROUGH A MODEL THAT OFFERS PAID INTERNSHIPS TO STUDENTS AND ADVISORY BOARDS MADE UP OF LOCAL PROFESSIONALS. false false 2057544 414640 1804215 THE ACADEMY OF FINANCE CONNECTS HIGH SCHOOL STUDENTS WITH THE WORLD OF FINANCIAL SERVICES, OFFERING A CURRICULUM THAT COVERS BANKING AND CREDIT, FINANCIAL PLANNING, INTERNATIONAL FINANCE SECURITIES, INSURANCE, ACCOUNTING, AND ECONOMICS. 1585718 THE ACADEMY OF INFORMATION TECHNOLOGY PREPARES STUDENTS FOR CAREER OPPORTUNITIES IN PROGRAMMING, DATABASE ADMINISTRATION, WEB DESIGN AND ADMINISTRATION, DIGITAL NETWORKS, AND OTHER AREAS IN THE EXPANDING DIGITAL WORKPLACE. 1755243 THE ACADEMY OF HOSPITALITY AND TOURISM HELPS STUDENTS CHART CAREER PATH IN ONE OF THE WORLD'S LARGEST INDUSTRIES FROM HOTEL MANAGEMENT TO SPORTS, ENTERTAINMENT, AND EVENT MANAGEMENT, AND INCLUDES THE STUDY OF GEOGRAPHY, ECONOMICS, AND WORLD CULTURE. 3549536 8948041 true true false false false false false true true true false false false false false true false false false false false false true true false false true true true false false false false false false false true false false false false false false false false false false true 0 0 true 73 true false false false false false true true false false false false X 17 16 true false false false false false false true true false false false true true true true true true true false CA NY X X IRA BERKOWITZ CFO 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 SANFORD WEILL 3.0 X 0 0 0 KENNETH CHENAULT 3.0 X 0 0 0 WILLIAM HANNON 3.0 X 0 0 0 EUGENE LUDWIG 3.0 X 0 0 0 BILL BARKE 3.0 X 0 0 0 URSULA BURNS 3.0 X 0 0 0 DANIEL L DOCTOROFF 3.0 X 0 0 0 ROBERT C DUGHI 3.0 X 0 0 0 JAY S FISHMAN 3.0 X 0 0 0 JONDEL HOYE 40.0 X X 375631 0 35608 LINDA HUBER 3.0 X 0 0 0 A KIRK LANTERMAN 3.0 X 0 0 0 LOWELL MCADAM 3.0 X 0 0 0 HAROLD MCGRAW III 3.0 X 0 0 0 DR HUNTER RAWLINGS III 3.0 X 0 0 0 JAMES ROBINSON III 3.0 X 0 0 0 PROF ROBERT SCHWARTZ 3.0 X 0 0 0 RONALD A WILLIAMS 3.0 X 0 0 0 IRA BERKOWITZ 40.0 X 145060 0 12454 MARGARET SULLIVAN 40.0 X 11884 0 0 COLLEEN DEVERY 40.0 X 117778 0 13627 650353 0 61689 7 false true false PEARSON CHARITABLE FOUNDATION 1330 AVENUE OF THE AMERICAS 7TH FL NEW YORK NY 10019 CURRICULUM SERVICES 1300512 ORGANIZATIONAL SERVICES INC 3380 TRAVIS POINTE ROAD SUITE H ANN ARBOR MI 48108 CONSULTING SERVICES 1072580 WESTED 4665 LAMPSON AVENUE LOS ALAMITOS CA 90720 CONSULTING SERVICES 587641 COLLABORATIVE COMMUNICATIONS GROUP 1029 VERMONT AVE NW 9TH FL WASHINGTON DC 20005 CONSULTING SERVICES 349989 KPMG LLP DEPT 0511 PO BOX 120001 DALLAS TX 75312 AUDIT & TAX SERVICES 144650 7 1791967 8176578 9968545 CONFERENCE REGISTRATION FEES 541900 820775 820775 MEMBERSHIP DUES 541900 983440 983440 1804215 402960 402960 0 0 4440890 4583164 -142274 -142274 -142274 1000175 1791967 1000175 0 0 0 OTHER INCOME 21926 21926 21926 12055372 1826141 0 260686 390140 390140 24500 24500 0 0 580637 331646 182767 66224 0 3302719 1886432 1039599 376688 252326 144122 79425 28779 393604 224817 123895 44892 316373 180704 99585 36084 1807468 1207130 600338 27377 17532 9845 185150 118570 66580 0 77500 77500 0 0 0 0 0 0 548059 374973 86543 86543 975778 774090 199093 2595 0 1174977 1169321 5656 0 0 133055 133055 0 LOSS ON DISPOSAL OF FIXED ASSE 103144 103144 CURRICULUM 1705393 1705393 MISCELLANEOUS 1224676 398671 467635 358370 13222876 8948041 3197160 1077675 1160262 347537 3182915 2998246 271539 684540 242360 140289 1719266 1243529 508682 475737 8953539 8391701 14319297 13038050 1482595 1379134 25000 6000 21085 21085 1528680 1406219 X 6112762 4774078 6147855 6327753 530000 530000 12790617 11631831 14319297 13038050 X -1167504 8718 X X false true true X false X 16712049 8739925 9745732 7657202 9968545 52823453 0 0 0 0 0 0 0 0 0 0 0 0 16712049 8739925 9745732 7657202 9968545 52823453 21893831 30929622 363138 401346 551853 605942 402960 2325239 0 0 0 0 0 0 1193382 1750436 920095 0 1826141 5690054 60838746 7244360 0.50839 0.46767 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 530000 530000 530000 530000 530000 530000 1.00000 false false 179047 21216 157831 490558 367199 123359 1049661 855114 194547 475737 12055372 13222876 -1167504 8718 8718 -1158786 12354170 8718 290080 298798 12055372 12055372 13512956 290080 290080 13222876 13222876 PART IV, LINE 2B NATIONAL ACADEMY FOUNDATION HOLDS FUNDS FOR SEVERAL ACADEMIES THAT PARTICIPATE IN ITS EDUCATIONAL PROGRAMS, TO BE USED FOR RELATED ACTIVITIES. PART V, LINE 4 THE ALDO PAPONE ENDOWMENT WAS ESTABLISHED BY THE AMERICAN EXPRESS COMPANY IN 1991 TO PROVIDE FUNDS FOR GRANT AWARDS TO OUTSTANDING U.S. ACADEMY PROGRAMS. ON AN ANNUAL BASIS, A MAXIMUM OF 7% OF THE ALDO PAPONE ENDOWMENT'S ASSETS ARE AVAILABLE FOR DISBURSEMENT. THE JESSE BLACKMAN ENDOWMENT WAS ESTABLISHED IN 1994 WITH A CONTRIBUTION FROM THE AMERICAN EXPRESS COMPANY. THE PURPOSE OF THE JESSE BLACKMAN ENDOWMENT IS TO PROVIDE FUNDS FOR A SCHOLARSHIP TO AN OUTSTANDING STUDENT IN THE HOSPITALITY AND TOURISM PROGRAM. PRESENTLY, THE ANNUAL SCHOLARSHIP LIMIT IS $1,500. PART X FIN 48 THE FOLLOWING STATEMENT IS THE FOOTNOTE IN THE FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITION UNDER FIN 48: THE FOUNDATION ADOPTED ASU NO. 2009-06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENDS FOR NONPUBLIC ENTITIES, IN CONJUNCTION WITH ITS ADOPTION OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (NOW INCLUDED IN ASC SUBTOPIC 740-10). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKE THAN NOT OF BEING SUSTAINED. THERE WAS NO SIGNIFICANT IMPACT TO THE FOUNDATION'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FASB INTERPRETATION NO. 48 OR ASU NO. 2009-06. X X X X X X true SHARON WYSE GALA PLANNING false 0 33000 0 ELINORE ANTELL GRANTWRITER false 0 44500 0 0 77500 0 CA NY GALA 2792142 1791967 1000175 1000175 0 2792142 1791967 1000175 1000175 1000175 true NORTHWEST CAREER & TECH ACADEMY 8200 WEST TROPICAL PARKWAY LAS VEGAS NV 89149 886000030 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT HARMONY MAGNET ACADEMY 19429 H AVENUE STRATHMORE CA 93267 770562920 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT AJ MOORE ACADEMY 500 NORTH UNIVERSITY PARKS DRIVE WACO TX 76202 756001278 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT H GRADY SPRUCE HIGH SCHOOL 3700 ROSS AVENUE DALLAS TX 75204 756001278 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT UNIVERSITY HIGH SCHOOL 11800 TEXAS AVENUE LOS ANGELES CA 90025 956003357 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT EVERGREEN HIGH SCHOOL 15675 AMBAUM BOULEVARD SW BURIEN WA 98166 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT EAST HIGH SCHOOL ON ARCADIA 6655 SHARON WOODS BLVD COLUMBUS OH 43229 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT CONSTRUCTION TRADES ENGINEERING & ARCHITECTURE 94-06 104TH STREET OZONE PARK NY 11416 SCHOOL DISTRICT 12000 0 N/A N/A AOE PILOT GRANT 0 8 SCHOLARSHIPS 65000 0 N/A N/A EXPLANATION OF GRANT QUALIFICATIONS NATIONAL ACADEMY FOUNDATION ("NAF") DISBURSES SEVERAL SCHOLARSHIPS TO STUDENTS WHO ARE SENIORS IN THE ACADEMIES DURING THE SCHOOL YEAR. IN ADDITION, PROGRAM GRANTS ARE DISBURSED TO THE ACADEMIES THEMSELVES TO ASSIST WITH PROGRAM EXPENDITURES. SCHOLARSHIPS ARE AWARDED THROUGH A COMPETITIVE APPLICATION PROCESS. DIFFERENT SCHOLARSHIP PROGRAMS HAVE VARYING CRITERIA, BUT IN GENERAL THE FOLLOWING APPLY: STUDENTS MUST BE ENROLLED IN AN ACADEMY, BE IN THEIR SENIOR YEAR, AND HAVE A MINIMUM GPA OF 3.0. ALONG WITH THE APPLICATION, THEY MUST SUBMIT AN ESSAY RESPONSE AS WELL AS WRITTEN RECOMMENDATIONS FROM A TEACHER, ACADEMY DIRECTOR, OR INTERNSHIP EMPLOYER. PROGRAM GRANTS ARE ALSO AWARDED THROUGH A COMPETITIVE PROCESS. AS PART OF THE PROPOSAL, APPLICANTS (ACADEMIES) MUST INCLUDE PROGRAM STATISTICS INCLUDING DATA ON COLLEGE PLACEMENT, ALUMNI SUCCESS STORIES, PROGRAM AWARDS, PROGRAM ENDORSEMENTS FROM THE SCHOOL OR BUSINESS COMMUNITY, ETC. THE APPLICATION MUST ALSO INCLUDE A DETAILED DESCRIPTION OF THE PROJECT, A PLAN FOR HOW FUNDS WILL BE USED TO ACCOMPLISH THE PROJECT, A PROJECT BUDGET (INCLUDING OTHER INCOME SOURCES IF APPLICABLE), A TIME LINE FOR CARRYING OUT THE PROJECT, AND AN EXPLANATION OF HOW THIS PROJECT CAN BE REPLICATED BY OTHER LOCAL ACADEMIES. ALL APPLICATIONS ARE POSTED ON THE NAF WEBSITE, ADVERTISED BY EMAIL TO ALL ENROLLED STUDENTS AND TEACHERS, AND DISTRIBUTED IN PRINTED FORMAT AT NAF CONFERENCES. APPLICATIONS AND PROPOSALS FOR SCHOLARSHIPS AND GRANTS, AND ACCOMPANYING REQUIRED PAPERWORK, ARE SELECTED AND EVALUATED BY EXTERNAL ADMINISTRATORS, VIZ. THE EDUCATIONAL TESTING SERVICE (ETS), CITIZENS SCHOLARSHIP FOUNDATION OF AMERICA (CSFA), AND THE CERTIFIED FINANCIAL PLANNER BOARD (CFPB). FINALISTS ARE THEN REVIEWED BY COMMITTEES COMPRISED OF MEMBERS OF STAFF FROM THE NATIONAL ACADEMY FOUNDATION AND THE BUSINESS ENTERPRISE THAT CONTRIBUTES THE SCHOLARSHIP/GRANT FUNDS TO NAF. NAF NOTIFIES THE WINNERS, AND DISBURSEMENT IS MADE BY ETS, CSFA, CFPB, OR BY THE NATIONAL ACADEMY FOUNDATION. X X X false false false false false false false false false JONDEL HOYE 375631 0 0 0 0 0 35608 0 0 0 411239 0 0 0 IRA BERKOWITZ 145060 0 0 0 0 0 11174 0 1280 0 157514 0 0 0 BILL BARKE AND PEARSON ARTS SCIEN DIRECTOR/OFFICER 1300512 CURRICULUM SERVICE false PART III, LINE 4D OTHER PROGRAM SERVICES THE ACADEMY OF ENGINEERING EDUCATES HIGH SCHOOL STUDENTS IN THE PRINCIPLES OF ENGINEERING AND PROVIDES CONTENT IN THE FIELDS OF ELECTRONICS, BIOTECH, AEROSPACE, CIVIL ENGINEERING, AND ARCHITECTURE. PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION A. LINE 2 JAY FISHMAN AND WILLIAM HANNON; BUSINESS RELATIONSHIP - BOTH ARE EXECUTIVE OFFICERS OF THE TRAVELERS COMPANIES, INC. JAY FISHMAN IS THE CEO AND WILLIAM HANNON IS EXECUTIVE VICE PRESIDENT. THE INSURANCE WAS NEGOTIATED WITH AN INDEPENDENT THIRD PARTY INSURANCE BROKER AT ARM'S LENGTH AND IN THE NORMAL COURSE OF BUSINESS. THE TOTAL AMOUNT OF THE INSURANCE PREMIUM DID NOT EXCEED $35,000. THIS AMOUNT IS NOT MATERIAL TO NAF OR THE TRAVELERS COMPANIES, INC. AND FALLS BELOW THE APPLICABLE THRESHOLD FOR REPORTING ON SCHEDULE L. PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B. LINE 11 THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE COMPANY AND IN CONSULTATION WITH NATIONAL ACADEMY FOUNDATION STAFF MEMBERS. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN REVIEWED BY THE COMPANY'S FINANCE DEPARTMENT, AND THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B. LINE 12 NATIONAL ACADEMY FOUNDATION HAS A CODE OF ETHICS/CONFLICT OF INTEREST POLICY REQUIRING ALL EMPLOYEES AND BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST POLICY LETTER ANNUALLY. THE STAFF LETTERS ARE REVIEWED AND MAINTAINED BY THE CFO. THE BOARD LETTERS ARE REVIEWED BY THE CEO AND CHAIRMAN OF THE BOARD. IN THE EVENT OF A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE ACTIONS REQUIRED, INCLUDING PREVENTING THE INDIVIDUAL FROM PARTICIPATING IN DISCUSSION AND DECISIONS REGARDING THE MATTER. PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B. LINE 15 NAF HIRED AN INDEPENDENT COMPENSATION CONSULTANT TO PRODUCE A SALARY SURVEY IN 2010. NAF HAS SET COMPENSATION FOR SENIOR MANAGEMENT WITHIN THE RANGE OF THE GOING MARKET RATE FOR FUNCTIONALLY COMPARABLE POSITIONS HELD BY INDIVIDUALS WITH SIMILAR EXPERIENCE LEVELS AT SIMILARLY SITUATED ORGANIZATIONS. DOCUMENTATION IS MAINTAINED IN NAF'S RECORDS. THE FULL BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION. NAF'S CONFLICT OF INTEREST POLICY WOULD PRECLUDE ANY INDIVIDUALS HAVING A CONFLICT OF INTEREST FROM BEING INVOLVED IN DETERMINING COMPENSATION. PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION C. LINE 19 NATIONAL ACADEMY FOUNDATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.