2026-04-06T13:01:45-05:00 2025-06-30 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2024-07-01 314379445 THE COLUMBUS ACADEMY COLU 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 WILLIAM PORTER VICE PRESIDENT 6145092227 2025-12-12 1 CHRISTY S ZIMMERMAN P01461057 6142211120 2026-04-01 2024 2025-03-06 01:10:19Z MELISSA SODERBERG 4300 CHERRY BOTTOM ROAD GAHANNA OH 43230 50092918 0 X WWW.COLUMBUSACADEMY.ORG X 1911 OH THE COLUMBUS ACADEMY ASPIRES TO BE AN INCLUSIVE COMMUNITY WHERE ALL DIFFERENCES CONSISTENT WITH THE MISSION OF THE SCHOOL ARE VALUED, RESPECTED, AND INTEGRATED INTO THE EDUCATION PROCESS. 22 22 557 804 0 0 4565462 5604582 36585449 37897775 1844372 2399095 314790 1015635 43310073 46917087 4312133 4610094 0 0 27678369 28399998 0 0 1096703 13527139 12940619 45517641 45950711 -2207568 966376 101964574 107656142 23224437 22956832 78740137 84699310 X SEE SCHEDULE O 0 0 35317397 4610094 36740285 COLLEGE PREPARATORY INSTRUCTION OF STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE. TOTAL ENROLLMENT IS 1,164. 299 STUDENTS RECEIVE TUITION ASSISTANCE BASED ON NEED. 1063714 0 1071562 SUMMER EXPERIENCE PROGRAM (JUNE,JULY, AUGUST). 1,165 ATTENDED COURSES 0 0 0 36381111 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 150 0 1 557 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD MA OH WA CO DC X WESTON OUTLAW CFOO 6145092227 4300 CHERRY BOTTOM ROAD GAHANNA OH 432300745 TANISHA LYON BROWN PRESIDENT 10.00 X X 0 0 0 BILL PORTER VICE PRESIDENT 10.00 X X 0 0 0 PAUL JUDGE SECRETARY 10.00 X X 0 0 0 CHRISTINE FREYTAG TREASURER 10.00 X X 0 0 0 SANDY DOYLE-AHERN IMMEDIATE PAST PRESIDENT 6.00 X 0 0 0 KIMBERLY ALLISON TRUSTEE 6.00 X 0 0 0 TED CARLIN TRUSTEE 6.00 X 0 0 0 VALDA CLARK CHRISTIAN TRUSTEE 6.00 X 0 0 0 KELLY HONDROS TRUSTEE-ALUMNI REP 6.00 X 0 0 0 CHING-CHU HU TRUSTEE 6.00 X 0 0 0 KAREN JENNINGS TRUSTEE 6.00 X 0 0 0 JAMIE LEWIS TRUSTEE 6.00 X 0 0 0 KEVIN MALHAME TRUSTEE 6.00 X 0 0 0 JESSICA CHI NIMJEE TRUSTEE 6.00 X 0 0 0 NILES OVERLY TRUSTEE 6.00 X 0 0 0 TOM RUBEY TRUSTEE 6.00 X 0 0 0 MICHAEL SCHLONSKY TRUSTEE 6.00 X 0 0 0 DANIELLE SKESTOS TRUSTEE 6.00 X 0 0 0 MARY A SMITH TRUSTEE 6.00 X 0 0 0 PANKAJ TIWARI MD TRUSTEE 6.00 X 0 0 0 TREVOR WOODS TRUSTEE 6.00 X 0 0 0 KELLY JENNINGS YEOMAN TRUSTEE 6.00 X 0 0 0 ELLIE MERRITT ZEIGER TRUSTEE-PACA REP 6.00 X 0 0 0 PATTI ZETTLER TRUSTEE 6.00 X 0 0 0 MARGARET KOERNER CHIEF FINANCIAL OFFICER 40.00 X 238113 0 42516 MELISSA SODERBERG HEAD OF SCHOOL 40.00 X 687909 0 48706 BRENT HALSEY DIRECTOR OF TECHNOLOGY 40.00 X 183060 0 48816 MARK HANSEN LOWER SCHOOL HEAD 40.00 X 176784 0 38506 DAN OLEXIO ASSISTANT HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 40.00 X 169404 0 18938 CORINNA IZOKAITIS UPPER SCHOOL HEAD 40.00 X 166430 0 73268 1621700 0 270750 38 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LATHENVILLE MD 21093 DINING SERVICES 1575962 OSS OHIO HOLDINGS 3611 W SWANN AVENUE TAMPA FL 33609 CUSTODIAL 553373 VENN GROWTH 2691 EAST MAIN STREET BEXLEY OH 43209 MARKETING/WEBSITE 360777 MCGANN MEDIA GROUP 61 JEFFERSON AVENUE COLUMBUS OH 43215 MAGAZINE/DIGITAL ADS 250229 OHIO EQUITIES MANAGEMENT 605 SOUTH FRONT STREET SUITE 200 COLUMBUS OH 43215 MAINTENANCE 217409 22 79416 1472663 4052503 569217 5604582 TUITION & FEES 611600 36379632 36379632 SUMMER SCHOOL & DAY CA 611600 1071562 1071562 CARE AFTER SCHOOL, TUT 611600 360142 360142 ATHLETIC EVENTS/AFTER 611600 86439 86439 37897775 2386116 2386116 129354 0 129354 129354 129354 3079281 2960654 105648 118627 -105648 12979 12979 24663 79416 37209 -12546 -12546 162695 72320 90375 90375 OTHER INCOME 611600 631042 631042 MISC SCHOOL-RELATED SA 611600 169410 169410 FORFEITED ENROLLMENT D 611600 8000 8000 808452 46917087 38165560 0 3146945 4610094 4610094 1161871 1161871 19961502 15346342 4207059 408101 1469327 1013304 428051 27972 4288657 3918979 290346 79332 1518641 1131736 359033 27872 89700 89700 88147 88147 69322 69322 699446 302094 238471 158881 335785 21507 313419 859 2968351 2502418 241447 224486 424342 413953 10389 1829494 1829494 392993 282007 28064 82922 470218 407467 62751 381548 381548 2833300 2277973 498661 56666 80748 80748 UNRELATED BUSINESS INCO 363 363 CONTRACTED SERVICES 1519765 1503765 16000 MISCELLANEOUS EXPENSES 375536 7830 366130 1576 SCHOOL EQUIPMENT R&M 235073 235073 146488 25079 109373 12036 45950711 36381111 8472897 1096703 185430 10728 8847499 11183488 600788 1493693 146725 124083 202210 274923 28951 22947 962112 1231286 81932047 42844372 40697393 39087675 49622688 53793250 50062 18723 620716 415346 101964574 107656142 5279467 5483467 4823050 5036023 12693012 11989944 428908 447398 23224437 22956832 X 37128953 37834157 41611184 46865153 78740137 84699310 101964574 107656142 966376 4992797 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50501852 603496 7004688 1710497 0 69322 56330217 46042518 495956 6028566 2000546 64642 50501852 42316698 1266820 5126743 1637515 972167 58061 46042518 51360693 978702 -7490610 1533925 930749 67413 42316698 41435105 317695 12195899 1515512 1009669 62825 51360693 0.17000 0.54000 0.29000 0 0 2155551 2155551 69863216 35989272 33873944 9730615 6855100 2875515 182665 182665 39087675 CUSTODIAN DEPOSITS 102524 OPERATING LEASE LIABILITY 344874 447398 X 44944473 4992797 -6990825 -1998028 46942501 11795 -37208 -25413 46917088 39057620 -65623 -65623 39123243 11795 6815674 6827469 45950712 PART V, LINE 4: COLUMBUS ACACDEMY'S ENDOWMENT FUNDS ARE USED FOR FACULTY AND STAFF SALARIES, TUITION ASSISTANCE, PROFESSIONAL DEVELOPMENT, ATHLETICS, STUDENT NEWSPAPER, AND COMMENCEMENT AWARDS. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY HAS ADOPTED THE PROVISIONS OF THE FASB ACCOUNTING STANDARDS CODIFICATION RELATING TO UNCERTAIN TAX POSITIONS. THE ACADEMY ANNUALLY EVALUATES TAX POSITIONS WHICH INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS THE ACADEMY TAKES WITH REGARD TO UNRELATED BUSINESS INCOME, RELATED DEDUCTIONS APPLIED OR OTHER ACTIVITIES THAT MAY JEOPARDIZE THEIR TAX EXEMPT STATUS, WOULD MEET THE DEFINITION OF UNCERTAIN TAX POSITION. AS OF JUNE 30, 2025 AND 2024, NO TAX ACCRUAL WAS RECORDED AS MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT TUITION ASSISTANCE, REPORTED ON PART IX, LINE 2 -4,610,094. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 -2,205,580. ACTUARIAL GAIN ON POST-RETIREMENT MEDICAL BENEFITS FAIR MARKET VALUE ADJUSTMENT ON INTEREST RATE SWAP -175,151. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B -37,208. COST OF GOODS SOLD, REPORTED ON PART VIII, LINE 10B PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES, REPORTED ON PART VIII, LINE 8B 37,208. COST OF GOODS SOLD, REPORTED ON PART VIII, LINE 10B 72,320. FAIR MARKET VALUE ADJUSTMENT ON INTEREST RATE SWAP -175,151. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT TUITION ASSISTANCE, REPORTED ON PART IX, LINE 2 2,205,580. STUDENT TUITION REMISSIONS, REPORTED ON PART IX, LINE 9 4,610,094. PART VI, LINE 1E, COLUMN (B) - OTHER: THE AMOUNT LISTED REPRESENTS ASSETS HELD AS CONSTRUCTION IN PROCESS AT THE END OF THE YEAR. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT AFFIRMING ITS NONDISCRIMINATORY POLICY WAS PLACED IN ALL ADVERTISEMENTS, BROCHURES, NEWSPAPER ARTICLES, AND OTHER TYPES OF MEDIA MENTIONING THE SCHOOL. SCHEDULE E, PART I, LINE 6 THE COLUMBUS ACADEMY RECEIVES REIMBURSEMENT FROM THE STATE OF OHIO FOR EXPENSES INCURRED BY THE SCHOOL'S EMPLOYEES IN THE COMPLETION OF CLERICAL AND ADMINISTRATIVE DUTIES REQUIRED BY FEDERAL, STATE OR LOCAL LAWS. IN ADDITION, THE SCHOOL RECEIVES COST REIMBURSEMENT AND SUPPORT FOR TEXTBOOKS, HEALTH AND DIAGNOSTIC SERVICES, AND GUIDANCE AND COUNSELING. GOLF OUTING 33185 33185 0 0 0 3128 8193 1225 CHARLIE DAVID DINNER 70894 46231 24663 0 0 0 17169 2400 5094 104079 79416 24663 20297 10593 6319 37209 -12546 1 TUITION ASSISTANCE 299 4610094 N/A N/A PART III: COLUMBUS ACADEMY SELECTS INDIVIDUALS USING NEED-BASED CRITERIA. THE POTENTIAL RECIPIENT'S FAMILY SUBMITS A PACKET OF TUITION ASSISTANCE INFORMATION, INCLUDING PERSONAL INCOME TAX RETURNS. ONE COPY OF THE TUITION ASSISTANCE INFORMATION IS FORWARDED TO AN INDEPENDENT AGENCY TO EVALUATE THE LEVEL OF NEED. ANOTHER COPY OF THE TUITION ASSISTANCE INFORMATION IS EVALUATED BY THE COMMITTEE TO DETERMINE THE ELIGIBILITY FOR TUITION ASSISTANCE BASED ON THE POTENTIAL RECIPIENT'S NEED. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MELISSA SODERBERG HEAD OF SCHOOL 627275 0 0 0 60634 0 24150 0 24556 0 736615 0 0 0 MARGARET KOERNER CHIEF FINANCIAL OFFICER 238113 0 0 0 0 0 24700 0 17816 0 280629 0 0 0 CORINNA IZOKAITIS UPPER SCHOOL HEAD 166430 0 0 0 0 0 12551 0 60717 0 239698 0 0 0 BRENT HALSEY DIRECTOR OF TECHNOLOGY 183060 0 0 0 0 0 13020 0 35796 0 231876 0 0 0 MARK HANSEN LOWER SCHOOL HEAD 176784 0 0 0 0 0 13510 0 24996 0 215290 0 0 0 DAN OLEXIO ASSISTANT HEAD OF SCHOOL FOR ACADEMI 169404 0 0 0 0 0 17140 0 1798 0 188342 0 0 0 PART I, LINE 1A THE COLUMBUS ACADEMY HAS A LOAN AGREEMENT WITH ITS HEAD OF SCHOOL, REFLECTED IN SCHEDULE L, PART II. THIS AGREEMENT PROVIDES FOR THE FORGIVENESS OF THE ANNUAL PRINCIPAL AND INTEREST PAYMENTS, MADE THROUGH INCLUSION IN HER COMPENSATION. FURTHER, THE AGREEMENT ALLOWS FOR A GROSS-UP PAYMENT FOR PAYROLL TAXES AS A RESULT OF THIS INCLUSION, FURTHER REFLECTED IN HER W-2 COMPENSATION. THE TOTAL AMOUNTS FOR THE FORGIVENESS AND GROSS-UP PAYMENT ARE REFLECTED IN SCH. J, PART II, COLUMN B(III). THE COLUMBUS ACADEMY PAYS FOR A SOCIAL CLUB MEMBERSHIP FOR ITS HEAD OF SCHOOL SO THAT SHE IS ABLE TO PERFORM REQUISITE VOLUNTEER AND DONOR ENTERTAINING APPROPRIATE FOR HER LEADERSHIP ROLE TO ADVANCE THE INSTITUTION. EXPENSES SHE INCURS FOR THE PERSONAL USE OF HER MEMBERSHIP ARE INCLUDED IN HER TAXABLE COMPENSATION, REFLECTED IN SCH. J, PART II, COLUMN B(III). PART I, LINE 4B THE COLUMBUS ACADEMY HAS A SPLIT DOLLAR INSURANCE POLICY FOR THE HEAD OF SCHOOL AND PAID AN ANNUAL PREMIUM OF $65,000 FOR FYE 06/30/25. THE PREMIUM PAYMENT IS A LOAN TO THE HEAD OF SCHOOL AND BEING REPORTED ON SCHEDULE L, PART II. A CITY OF GAHANNA OHIO 316400492 000000000 2019-03-01 19000000 SEE PART VI 0 0 0 A 6672440 18676089 144119 10231970 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 PNC BANK NATIONAL ASSOCIATION 7.000000000000 0 0 0 0 1 A 1 PART I, LINE A, COLUMN (F): FINANCE (1) THE ACQUISITION, CONSTRUCTION, RENOVATION, AND EQUIPPING OF THE ACADEMY'S ATHLETIC EXPANSION PROJECTS WHICH INCLUDE A NEW FIELDHOUSE, WEIGHT ROOM, TRAINING ROOM, AND MAINTENANCE BUILDING, AS WELL AS ROAD IMPROVEMENTS AT THE CAMPUS LOCATED ON THE REAL PROPERTY LOCATED AT 4300 CHERRY BOTTOM ROAD, GAHANNA, OHIO, AND (2) CERTAIN COSTS AND EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019 BONDS. PART II, LINE 3, COLUMN (A): THE SERIES 2019 BONDS ARE DRAW DOWN BONDS WITH A TOTAL AGGREGATE PERMISSIBLE DRAW OF $19,000,000. THE CORPORATION HAS COMPLETED DRAWING ON THE BONDS WITH A TOTAL AMOUNT OF $18,676,089 DRAWN AS OF JUNE 30, 2020. PART IV, LINE 2.C, COLUMN (A): THE 2019 BONDS ARE DRAW DOWN BONDS. THE CORPORATION ONLY DRAWS UPON THE BONDS WHEN IT HAD REIMBURSABLE EXPENSES AND USED SUCH DRAWS TO EITHER IMMEDIATELY PAY SUCH EXPENSES OR TO REIMBURSE ITSELF FOR SUCH EXPENSES. BECAUSE OF THIS THERE ARE NO INVESTMENT EARNINGS ON THE SERIES 2019 BONDS AND THEREFORE NO NEED FOR REBATE. MS MELISSA SODERBERG HEAD OF SCHOOL FUND SPLIT-DOLLAR LIFE INSURANCE PREMIUMS FOR SUPPLEMENTAL LIFE INSURANCE X 260000 274923 0 1 1 274923 X 19 569217 STOCK EXCHANGE 0 1 0 FORM 990, PART III, LINE 1: THE COLUMBUS ACADEMY - AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL - ENRICHES ITS ACADEMIC TRADITION OF EXCELLENCE BY VALUING A BROAD DIVERSITY OF STUDENTS AS IT SEEKS TO DEVELOP THE COMPLETE PERSON: MIND, BODY AND CHARACTER. THE SCHOOL REWARDS RIGOROUS EFFORT AND ACCOMPLISHMENT, FOSTERS COMPASSION, RESPECT AND MORAL COURAGE, AND INSISTS ON INTEGRITY, FAIR PLAY AND COMMUNITY SERVICE. THE ACADEMY STRIVES TO DEVELOP AND SUSTAIN A COMMUNITY OF THOUGHTFUL, RESPONSIBLE, CAPABLE AND CONFIDENT CITIZENS EAGER TO ENGAGE IN A PLURALISTIC AND EVER-CHANGING WORLD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. IT IS THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL, AND FORMALLY ADOPTED BY THE FULL BOARD OF TRUSTEES AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST BOARD MEETING OF EVERY NEW FISCAL YEAR, TRUSTEES AND OFFICERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST AND ETHICS POLICY. THEY ARE REQUIRED TO COMPLETE A QUESTIONNAIRE THAT DISCLOSES ANY CONFLICTS OF INTEREST, AND SUBMIT THIS SIGNED FORM TO THE ADMINISTRATION. THE ADMINISTRATION FOLLOWS UP WITH TRUSTEES TO ENSURE THAT ALL BOARD MEMBERS SUBMIT THIS SIGNED FORM TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF HEAD OF SCHOOL COMPENSATION BY THE BOARD IS BASED UPON THE BOARD'S DETERMINATION OF THE HEAD OF SCHOOL'S PERFORMANCE AS MEASURED AGAINST THE ACADEMY'S MISSION STATEMENT AND STRATEGIC PLAN, AS WELL AS HER SATISFACTION OF PRIOR PERFORMANCE GOALS ESTABLISHED AND APPROVED BY THE BOARD'S EXECUTIVE COMMITTEE OR SUCH SUCCESSOR COMMITTEE, CONSIDERATION OF COMPENSATION PRACTICES OF OTHER INDEPENDENT SCHOOLS, AND SUCH OTHER FACTORS DEEMED REASONABLE AND APPROPRIATE BY THE BOARD. COMPENSATION OF OTHER KEY EMPLOYEES OR OFFICERS IS BASED UPON PERFORMANCE AND COMPARATIVE INFORMATION FROM OTHER INDEPENDENT SCHOOLS AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE AND AUDIT COMMITTEE THAT OVERSEES THE AUDIT. FURTHER, THIS COMMITTEE INTERVIEWS CANDIDATES FOR THE AUDIT FIRM AND MAKES A RECOMMENDATION BASED ON THIS PROCESS TO THE FULL BOARD OF TRUSTEES. THE FULL BOARD OF TRUSTEES PASSES A RESOLUTION SELECTING THE EXTERNAL AUDITORS. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.