THE FOUNDATION SCHOOLS: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE FOUNDATION SCHOOLS (EIN 23-7425256)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-09-23
- IRS object ID
- 201142669349300509
- Schema version
- 2010v3.4
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-09-23T12:05:54-05:00 | 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 | RAFFA PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1899 L STREET NW SUITE 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | 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 | 237425256 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION SCHOOLS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FOUN | NameControl |
| Phone | 3018810078 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6000 EXECUTIVE BOULEVARD NO 605 | AddressLine1 |
| City | ROCKVILLE | City |
| State | MD | State |
| ZIP Code | 20852 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ANDREA ADLER | Name |
| Title | CEO | Title |
| Phone | 3018810078 | Phone |
| Date Signed | 2011-09-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANK H SMITH | Name |
| Phone | 2028225000 | Phone |
| Date Prepared | 2011-09-23 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ANDREA ADLER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6000 EXECUTIVE BOULEVARD NO 605 | AddressLine1 |
| City | ROCKVILLE | City |
| State | MD | State |
| ZIP Code | 20852 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 13557948 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.FOUNDATIONSCHOOLS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1975 | YearFormation |
| State Legal Domicile | DC | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE SPECIALIZED EDUCATIONAL AND THERAPEUTIC PROGRAMS FOR STUDENTS WITH EMOTIONAL DISTURBANCES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 192 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 284038 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 284146 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 13991924 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13217036 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 22544 | OtherRevenuePriorYear |
| Other Revenue Current Year | 32627 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14298506 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13533809 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 497 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1616 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11297549 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10106832 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 121948 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3201753 | OtherExpensePriorYear |
| Other Expenses Current Year | 3152013 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14499799 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13260461 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -201293 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 273348 | RevenuesLessExpensesCY |
| Total Assets BOY | 11143836 | TotalAssetsBOY |
| Total Assets EOY | 10831431 | TotalAssetsEOY |
| Total Liabilities BOY | 8296972 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 7572174 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2846864 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3259257 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED AND SHALL BE EXCLUSIVELY OPERATED ARE: (1) TO PROVIDE SPECIALIZED EDUCATIONAL AND THERAPEUTIC PROGRAMS FOR STUDENTS WITH EMOTIONAL DISTURBANCES; (2) TO PREPARE EMOTIONALLY DISTURBED CHILDREN TO BECOME INTEGRATED MEMBERS OF THE COMMUNITY AT LARGE; AND (3) TO ASSIST EMOTIONALLY DISTURBED CHILDREN TO BECOME PRODUCTIVE AND SUCCESSFUL AFTER LEAVING SECONDARY SCHOOL IN THEIR ACADEMIC AND/OR CAREER PATHS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11547146 | Expense |
| Grants | 1616 | Grants |
| Revenue | 13217036 | Revenue |
| Description | THE FOUNDATION SCHOOLS (THE SCHOOLS) IS COMMITTED TO A HOLISTIC APPROACH IN DEVELOPING INNOVATIVE PROGRAMS AND ANCILLARY SUPPORT SERVICES WHICH ADDRESS THE EDUCATIONAL, SOCIAL, AND EMOTIONAL NEEDS OF CHILDREN AND ADOLESCENTS BY UTILIZING THE LATEST TECHNIQUES IN EDUCATION, PSYCHOLOGY, PSYCHIATRY, SOCIAL SERVICES, AND PSYCHOPHARMACOLOGY. THE SCHOOLS' PROGRAM SERVICE CONSISTS OF OPERATING TWO SCHOOLS IN THE GREATER WASHINGTON METROPOLITAN AREA WHICH PROVIDE BOTH PRIMARY AND SECONDARY EDUCATION TO STUDENTS WHO HAVE BEEN UNSUCCESSFUL IN LESS RESTRICTIVE SETTINGS AND HAVE BEEN TRANSFERRED FROM LOCAL SCHOOL DISTRICTS. | Description |
| Total Program Service Expense | 11547146 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 7 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 192 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LORE PERCIVAL CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3018810078 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6000 EXECUTIVE BOULEVARD 605 | AddressLine1 |
| City | ROCKVILLE | City |
| State | MD | State |
| ZIP Code | 20852 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| ANDRE GINGLES | |||||||||
| CHAIRMAN | 2.50 | X | X | 0 | 0 | 0 | |||
| CHARLES ATWELL | |||||||||
| VICE-CHAIRMAN | 3.50 | X | X | 0 | 0 | 0 | |||
| THOMAS DEGONIA II | |||||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 | |||
| LAURA BACCHUS | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| JO ANN BELL - UNTIL 3311 | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| GREGORY DYSON | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| COREY GRIFFIN - UNTIL 51311 | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| HAMMOND HAN | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| ERIC HARRIS | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| CLARENCE LEWIS JR - UNTIL 3311 | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| KAY LIPPMAN | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| NEENA MASIH | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| CARLA HARGROVE MCGILL | |||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | ||||
| ERIC RANDOLPH | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| DEAN TEAGUE - UNTIL 41211 | |||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||||
| ANDREA ADLER | |||||||||
| CEO | 50.00 | X | 267262 | 0 | 28335 | ||||
| LORE PERCIVAL | |||||||||
| CFO | 50.00 | X | 200119 | 0 | 23949 | ||||
| SHEILA CAHILL | |||||||||
| SCHOOL DIRECTOR | 40.00 | 208563 | 0 | 27148 | X | ||||
| GINA JAMES | |||||||||
| SCHOOL DIRECTOR | 40.00 | 156878 | 0 | 23433 | X | ||||
| KWEKU CARR | |||||||||
| DIR. FOUNDATION LINKS | 40.00 | 102861 | 0 | 11931 | X | ||||
| YVETTE COLVIN | |||||||||
| DIR. OF ADMIN. SVCS. | 40.00 | 111155 | 0 | 15644 | X | ||||
| MARK DEEGAN | |||||||||
| DIR. TECHNOLOGY | 40.00 | 107521 | 0 | 18765 | X | ||||
| MICHELLE LIEBERMAN | |||||||||
| DIR. OF HR | 40.00 | 121572 | 0 | 13807 | X | ||||
| JOHN MEEKS - UNTIL 22811 | |||||||||
| SR. MEDICAL ADVISOR | 20.00 | 144092 | 0 | 20378 | X | ||||
| ADDYS KARUNARATNE - UNTIL 72010 | |||||||||
| SCHOOL DIRECTOR | 40.00 | 143848 | 0 | 11978 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1563871 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 195368 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COMPLETE HEALTHCARE STAFFING | |||||
| 5800 SILENT SUN PLACE | CLARKSVILLE | MD | 21029 | TEMPORARY STAFFING | 232687 |
| ASSOCIATED BUILDING MAINTENANCE COMPANY | |||||
| 2140 PRIEST BRIDGE CT | CROFTON | MD | 21114 | JANITORIAL MAINTENANCE | 170952 |
| STAFFING PLUS | |||||
| 551 WEST LANCASTER AVE | HARTFORD | PA | 19041 | TEMPORARY STAFFING | 146808 |
| GEORGE WASHINGTON UNIVERSITY | |||||
| 2121 I ST NW | WASHINGTON | DC | 20052 | INTERNSHIP PROGRAM | 146414 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 94386 | FundraisingEvents |
| All Other Contributions | 189760 | AllOtherContributions |
| Total Contributions | 284146 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 900099 | 13176333 | 13176333 |
| STUDENT LUNCH PROGRAM | 900099 | 40703 | 40703 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13217036 | TotalProgramServiceRevenue |
| Gross Income Fundraising Events | 11600 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 94386 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 24139 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -12539 | TotalRevenueColumn |
| Exclusion | -$12,539 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 45166 | TotalRevenueColumn |
| Exclusion | $45,166 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 45166 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13533809 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13217036 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $32,627 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1616 | Total |
| Program Services | 1616 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 958789 | Total |
| Program Services | 664550 | ProgramServices |
| Management And General | 259246 | ManagementAndGeneral |
| Fundraising | 34993 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7366795 | Total |
| Program Services | 6663405 | ProgramServices |
| Management And General | 647133 | ManagementAndGeneral |
| Fundraising | 56257 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 401561 | Total |
| Program Services | 316504 | ProgramServices |
| Management And General | 81195 | ManagementAndGeneral |
| Fundraising | 3862 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 739304 | Total |
| Program Services | 677628 | ProgramServices |
| Management And General | 52562 | ManagementAndGeneral |
| Fundraising | 9114 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 640383 | Total |
| Program Services | 570530 | ProgramServices |
| Management And General | 61990 | ManagementAndGeneral |
| Fundraising | 7863 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16640 | Total |
| Management And General | 16640 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40451 | Total |
| Management And General | 40451 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 600165 | Total |
| Program Services | 564628 | ProgramServices |
| Management And General | 35537 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4262 | Total |
| Program Services | 3400 | ProgramServices |
| Management And General | 193 | ManagementAndGeneral |
| Fundraising | 669 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212236 | Total |
| Program Services | 182063 | ProgramServices |
| Management And General | 25141 | ManagementAndGeneral |
| Fundraising | 5032 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122963 | Total |
| Program Services | 113523 | ProgramServices |
| Management And General | 9078 | ManagementAndGeneral |
| Fundraising | 362 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1135019 | Total |
| Program Services | 911740 | ProgramServices |
| Management And General | 221576 | ManagementAndGeneral |
| Fundraising | 1703 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27137 | Total |
| Program Services | 23924 | ProgramServices |
| Management And General | 2875 | ManagementAndGeneral |
| Fundraising | 338 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10978 | Total |
| Program Services | 8616 | ProgramServices |
| Management And General | 2362 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 245859 | Total |
| Program Services | 230185 | ProgramServices |
| Management And General | 15674 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 369418 | Total |
| Program Services | 366686 | ProgramServices |
| Management And General | 2732 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98145 | Total |
| Management And General | 98145 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUCTIONAL MATERIALS | 206009 | 206009 | ||
| PERSONNEL | 35352 | 24553 | 10039 | 760 |
| DUES | 22464 | 13386 | 8083 | 995 |
| BAD DEBT EXPENSE | 4915 | 4200 | 715 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13260461 | Total |
| Program Services | 11547146 | ProgramServices |
| Management And General | 1591367 | ManagementAndGeneral |
| Fundraising | 121948 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1498840 | BOY |
| EOY | 1596527 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94808 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1246831 | BOY |
| EOY | 1669403 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79459 | BOY |
| EOY | 66622 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10594993 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3213380 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7653670 | BOY |
| EOY | 7381613 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 190928 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 257446 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81834 | BOY |
| EOY | 77246 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40020 | BOY |
| EOY | 40020 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11143836 | BOY |
| EOY | 10831431 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1040851 | BOY |
| EOY | 674711 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6595000 | BOY |
| EOY | 6355000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 661121 | BOY |
| EOY | 542463 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8296972 | BOY |
| EOY | 7572174 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2837050 | BOY |
| EOY | 3240463 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9814 | BOY |
| EOY | 18794 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2846864 | BOY |
| EOY | 3259257 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11143836 | BOY |
| EOY | 10831431 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 273348 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 139045 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | 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
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1037165 | OtherCostOrOtherBasis |
| Book Value | 1037165 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8110260 | OtherCostOrOtherBasis |
| Depreciation | 1937331 | Depreciation |
| Book Value | 6172929 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 79124 | OtherCostOrOtherBasis |
| Depreciation | 31650 | Depreciation |
| Book Value | 47474 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17950 | OtherCostOrOtherBasis |
| Depreciation | 17950 | Depreciation |
| Book Value | 0 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1350494 | OtherCostOrOtherBasis |
| Depreciation | 1226449 | Depreciation |
| Book Value | 124045 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7381613 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED RENT AND CONSTRUCTION ALLOWANCES | $219,517 |
| SWAP AGREEMENT | $322,946 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 542463 | TotalOfAmounts |
| Total Revenue | 13533809 | TotalRevenue |
| Total Expenses | 13260461 | TotalExpenses |
| Excess Or Deficit For Year | 273348 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 139045 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 139045 | TotalAdjustments |
| Excess Or Deficit Per FS | 412393 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13696993 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 139045 | NetUnrealizedGainsInvestments |
| Other Revenues | 24139 | OtherRevenues |
| Revenue Not Rptd F990 | 163184 | RevenueNotRptdF990 |
| Revenue Subtotal | 13533809 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 13533809 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13284600 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 24139 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 24139 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13260461 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13260461 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE SCHOOLS PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2011, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 24,139. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 24,139. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | WE DO NOT SOLICIT STUDENTS AS THEY ARE REFERRED BY LOCAL PUBLIC SCHOOL SYSTEMS. WE HAVE PRINTED MATERIALS THAT ARE DISTRIBUTED TO PARENTS AND ANY OTHER INTERESTED PARTIES DURING THE REFERRAL PROCESS. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | DINNER AND AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 105986 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 94386 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 11600 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 8260 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 9330 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 6549 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 105986 | GrossReceiptsTotal |
| Charitable Contributions Total | 94386 | CharitableContributionsTotal |
| Gross Revenue Total Events | 11600 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 8260 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 9330 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 6549 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 24139 | DirectExpenseSummaryEvents |
| Net Income Summary | -12539 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREA ADLER | |||||||||||||
| 267161 | 0 | 0 | 0 | 101 | 0 | 19600 | 0 | 8735 | 0 | 295597 | 0 | 0 | 0 |
| LORE PERCIVAL | |||||||||||||
| 200018 | 0 | 0 | 0 | 101 | 0 | 16010 | 0 | 7939 | 0 | 224068 | 0 | 0 | 0 |
| SHEILA CAHILL | |||||||||||||
| 208462 | 0 | 0 | 0 | 101 | 0 | 17032 | 0 | 10116 | 0 | 235711 | 0 | 0 | 0 |
| GINA JAMES | |||||||||||||
| 156777 | 0 | 0 | 0 | 101 | 0 | 12891 | 0 | 10542 | 0 | 180311 | 0 | 0 | 0 |
| JOHN MEEKS - UNTIL 22811 | |||||||||||||
| 143991 | 0 | 0 | 0 | 101 | 0 | 11864 | 0 | 8514 | 0 | 164470 | 0 | 0 | 0 |
| ADDYS KARUNARATNE - UNTIL 72010 | |||||||||||||
| 143848 | 0 | 0 | 0 | 0 | 0 | 11489 | 0 | 489 | 0 | 155826 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4A | ReturnReference |
| Explanation | DURING THE YEAR ENDED JUNE 30, 2011, ADDYS KARUNARAATNE, SCHOOL DIRECTOR, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $45,763. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO OTHER COMMITTEES THAT MAY ACT ON BEHALF OF THE FULL BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | OUR OUTSIDE ACCOUNTING FIRM COMPLETES THE TAX RETURN. IT IS FIRST REVIEWED BY THE SCHOOLS BOARD OF DIRECTORS AUDIT COMMITTEE AND THEN SUBMITTED TO THE FULL BOARD FOR REVIEW PRIOR TO SUBMITTING TO THE IRS. | |
| THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS AND ALL EMPLOYEES OF THE SCHOOLS. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE IS REQUIRED TO MAKE AND SIGN AN ANNUAL STATEMENT THAT THEY ARE AWARE OF AND IN COMPLIANCE WITH THE POLICY. THE POLICY IS ACTIVELY ENFORCED AND MONITORED BY OFFICERS OF THE ORGANIZATION. OFFICERS HAVE THE RESPONSIBILITY TO ENSURE THAT THE SCHOOLS GOALS ARE TRANSPARENT IN EACH TRANSACTION THAT THE SCHOOLS ENGAGE IN. IF A REAL OF POTENTIAL CONFLICT ARISES, THE INTERESTED PARTY IS PRECLUDED FROM VOTING IN CONNECTION WITH THE MATTER. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE FOUNDATION SCHOOLS BOARD OF DIRECTORS WANTS TO ENSURE THAT TOTAL COMPENSATION AND BENEFITS ARE BEING REVIEWED IN SUCH A MANNER AS TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS AS SET FORTH UNDER IRS SECTION 4958. THE BOARD HAS NAMED AN EXECUTIVE COMPENSATION COMMITTEE COMPRISED OF "DISINTERESTED" DIRECTORS TO OVERSEE EXECUTIVE COMPENSATION. RESPONSIBILITIES INCLUDE: 1. THE COMMITTEE WILL ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT OR FIRM TO CONDUCT A MARKET COMPENSATION STUDY WHICH WOULD INCLUDE SURVEYS AND REVIEW OF PUBLICLY ACCESSIBLE FORM 990 INFORMATION OF COMPARABLE ORGANIZATIONS. 2. A CONTEMPORANEOUS WRITTEN RECORD IS MADE TO DOCUMENT THE COMMITTEE'S THOROUGHNESS AND RATIONALE FOR ITS DECISION. 3. RECOMMENDED COMPENSATION IS PRESENTED BY THE COMMITTEE TO THE FULL BOARD FOR APPROVAL. THESE PROCEDURES WERE LAST PERFORMED IN 2009. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE SCHOOLS' FEDERAL FORM 990, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 139,045. | FORM 990, PART XI, LINE 5: |