2023-10-24T07:19:55-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 2200 ATLANTA GA 30309 990 2022-07-01 452894607 THE SAE SCHOOL INC SAES 6782393200 6688 MABLETON PARKWAY MABLETON GA 30126 SCOTT STAROWICZ CFO 6782393200 2023-10-20 1 SCOTT STAROWICZ 999009999 0 PAULA WENDLING P00536805 4042090954 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT STAROWICZ 6688 MABLETON PARKWAY MABLETON GA 30126 5300787 0 X WWW.SAESCHOOL.ORG X 2011 GA TO DISCOVER, NURTURE, AND PROTECT EACH CHILD'S INDIVIDUAL LIFE AND ACADEMIC JOURNEY. 8 8 96 150 0 0 575108 241017 4449714 5033412 8713 24043 -11765 -3171 5021770 5295301 446936 339369 0 0 2528464 3132034 0 0 55272 969525 1092465 3944925 4563868 1076845 731433 9459544 10135355 7601507 7542405 1858037 2592950 X TO DISCOVER, NURTURE, AND PROTECT EACH CHILD'S INDIVIDUAL LIFE AND ACADEMIC JOURNEY. WE BELIEVE THAT STUDENTS SHOULD HAVE A FUN, SAFE, AND RIGOROUS EDUCATIONAL EXPERIENCE THAT PREPARES THEM TO BE THE LEADERS, INNOVATORS, AND INFLUENCERS OF THEIR GENERATION. 0 0 4140234 339369 5033412 THE SAE SCHOOL CURRENTLY HAS 375 STUDENTS ENROLLED AND IS THE FIRST SCHOOL IN GEORGIA TO BE 100% SOLAR POWERED. CAMPS WERE HOSTED DURING TIMES SCHOOL IS NOT IN SESSION WITH DIFFERENT THEMES AND UP TO 75 STUDENTS ATTENDING EACH DAY.THE SAE SCHOOL IS AN INDEPENDENT SCHOOL FOUNDED IN 2011 BY A GROUP OF LOCAL PARENTS AND EDUCATORS TO CREATE A SCHOOL THAT FOCUSES ON THE NEEDS OF THE INDIVIDUAL STUDENT THROUGH A PROJECT BASED LEARNING INSTRUCTIONAL MODEL. OPENING ITS DOORS ON AUGUST 13TH, 2013 WITH 118 STUDENTS IN PRESCHOOL THROUGH EIGHTH GRADE AND GREW THROUGH THE YEARS TO 400. THE SCHOOL RECEIVED ACCREDITATION THROUGH THE GEORGIA ACCREDITING COMMISSION EFFECTIVE AS OF JULY 2013. DIVERSITY REPRESENTED WITHIN THE STUDENT BODY; 85% AFRICAN AMERICAN, 5% CAUCASIAN, 5% MULTI-ETHNIC, 5% HISPANIC. ADDITIONALLY, THE SCHOOL SERVES A DIVERSE COMMUNITY OF LEARNERS THROUGH ITS INCLUSION EDUCATION PROGRAM. STUDENTS WITH DIAGNOSED LEARNING DIFFERENCES ARE FULLY INCLUDED WITH ADDITIONAL SUPPORT DESIGNED ON A STUDENT-BY-STUDENT BASIS TO ENSURE THAT EACH CHILD RECEIVES AN ACADEMIC EXPERIENCE CONDUCIVE TO THEIR LEARNING STYLE. FUNDRAISING EFFORTS ENGAGED STUDENTS, PARENTS AND SUPPORTING COMMUNITY MEMBERS TO CREATE ADDITIONAL SUPPORT INCLUDING SCHOLARSHIPS, SUPPLIES FOR SPECIAL EVENTS, FIELD TRIP FUNDING AND OTHER PROGRAM ENHANCEMENTS. 4140234 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 96 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X SCOTT STAROWICZ 6782393200 6688 MABLETON PARKWAY MABLETON GA 30126 MAURICE PRITCHETT JR BOARD CHAIR 1.00 X X 0 0 0 LT CHRIS HYATT VICE CHAIR 1.00 X X 0 0 0 MINDY FORTSON SECRETARY 1.00 X X 3782 0 0 BRYAN MILLER TREASURER 1.00 X X 0 0 0 KENNETH NEWBY DIRECTOR 1.00 X 6316 0 0 TYRONE MITCHELL DIRECTOR 1.00 X 9900 0 0 TINASHE KAJESE-BOLDEN DIRECTOR 1.00 X 9900 0 0 STEVE COLLINS DIRECTOR 1.00 X 0 0 0 DESMOND BOBBETT PRINCIPAL 40.00 X 96308 0 11025 SCOTT STAROWICZ CFO 40.00 X 128750 0 13999 254956 0 25024 1 0 0 0 0 241017 241017 TUITION AND FEES 611600 4728626 4728626 CAMPS AND CLUBS 611600 226791 226791 AFTER SCHOOL PROGRAMS 611600 77995 77995 5033412 24043 24043 2795 5486 -2691 -2691 -480 -480 -480 5295301 5033412 0 20872 339369 339369 278854 250968 25097 2789 2446870 2204345 218273 24252 32659 29433 2903 323 141400 127381 12617 1402 232251 209212 20735 2304 36418 10209 16000 10209 84540 84540 30076 10226 9925 9925 51608 43472 4068 4068 13452 13452 104883 101439 3444 45529 45529 143899 136704 7195 233984 222034 11950 72310 36155 36155 FOOD SERVICES 118009 118009 CLASSROOM SUPPLIES & EQ 112024 112024 STAFF DEVELOPMENT 38028 38028 BAD DEBT 4676 4676 3029 3029 4563868 4140234 368362 55272 1264340 113755 3858165 3938834 27592 107973 5498621 1249521 4285141 4249100 1500906 24306 224787 9459544 10135355 31734 53053 3918904 3942383 3650869 3528480 0 18489 7601507 7542405 X 1858037 2592950 1858037 2592950 9459544 10135355 731433 3480 0 X X 0 1 X 0 0 X 98522 196181 509328 575108 241017 1620156 3685014 3791583 3092355 4449714 5033412 20052078 3783536 3987764 3601683 5024822 5274429 21672234 0 0 0 21672234 500 1927 10169 24043 36639 500 1927 10169 24043 36639 -480 -480 3783536 3988264 3603610 5034991 5297992 21708393 0.99830 0.99940 0.00170 0.00060 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ -480. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 676907 676907 4654351 1095881 3558470 78966 65744 13222 88397 87896 501 4249100 LEASE LIABILITY 18489 18489 X 4964898 3480 -339369 -335889 5300787 -5486 -5486 5295301 4229985 5486 5486 4224499 339369 339369 4563868 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECTS OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND BELIEVES THE SCHOOL CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2023. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE SCHOOL HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023. FASB ASC TOPIC 740, INCOME TAXES, REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS WOULD MORE LIKELY THAN NOT BE SUSTAINED IF CHALLENGED BY AN APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE SCHOOL EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FASB ASC TOPIC 450, CONTINGENCIES. MANAGEMENT BELIEVES THERE ARE NO MATERIAL ESTIMATES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -339,369. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES -5,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 5,486. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 339,369. 1 SCHOLARSHIPS AND DISCOUNTS 80 339369 BOOK PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO STUDENTS ATTENDING THE SCHOOL. THE SCHOLARSHIPS ARE APPLIED DIRECTLY TO TUITION AND ARE FOR STUDENTS WHO QUALIFY FOR FINANCIAL ASSISTANCE. NO FORMAL MONITORING PROCESS IS NECESSARY BECAUSE THE RECIPIENTS DO NOT HAVE CONTROL OF THE FUNDS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE SCHOOL'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE SCHOOL'S BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IF ANY CONFLICTS OF INTEREST ARE DISCLOSED BY A BOARD MEMBER, THE BOARD MEMBER RECUSES HIM/HER SELF FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL USES FORMS 990 OF OTHER SIMILAR-SIZE SCHOOLS, WRITTEN EMPLOYEE CONTRACTS, AND APPROVAL BY THE BOARD TO DETERMINE THE SCHOOL OFFICER'S COMPENSATION. THE FINAL COMPENSATION DETERMINATIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C: THE ENTIRE BOARD HAS RESPONSIBILITY FOR OVERSEEING THE AUDIT.