2023-11-15T08:06:55-06:00 2023-06-30 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2022-07-01 561898871 CALDWELL ACADEMY CALD 3366651161 2900 HORSE PEN CREEK ROAD GREENSBORO NC 27410 BRAD NEWKIRK TREASURER 3366651161 2023-11-15 1 BRAD NEWKIRK 999009999 0 WILMOT C JONES CPA P01215757 3362759886 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRAD NEWKIRK 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 8847114 0 X WWW.CALDWELLACADEMY.COM X 1994 NC CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 13 13 202 100 0 0 669905 1215011 7330051 7561098 65249 5541 22894 -5857 8088099 8775793 942851 1075071 0 0 4726765 5253992 0 0 229520 2586241 2681375 8255857 9010438 -167758 -234645 20742733 21094372 10157617 10662686 10585116 10431686 CALDWELL ACADEMY'S MISSION IS TO ASSIST PARENTS FROM A BIBLICAL PERSPECTIVE IN THE INSTRUCTION OF THEIR CHILDREN BY PROVIDING A CLASSICAL AND CHRISTIAN EDUCATION. 0 0 7909700 1075071 7519316 OPERATED A KINDERGARTEN THROUGH GRADE 12 CLASSICAL CHRISTIAN SCHOOL TO ASSIST PARENTS IN PROVIDING CHILDREN WITH THE TOOLS TO LEARN FOR THEMSELVES IN THE CONTEXT OF A BIBLICAL WORLDVIEW. THE KINDERGARTEN THROUGH 12TH GRADE OPERATIONS INCLUDE RELATED SCHOOL ACTIVITIES SUCH AS CLUBS, ARTS AND SPORTS. THE SCHOOL ENROLLED 528 STUDENTS IN SCHOOL YEAR 2022-2023. TOTAL GRANTS CONSIST OF FINANCIAL AID AND FACULTY DISCOUNTS ASSISTANCE TO INDIVIDUALS. 137 INDIVIDUAL STUDENTS RECEIVED FINANCIAL AID AND FACULTY DISCOUNTS. 7909700 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 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 5 0 1 202 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DENA TOTH 3366651161 2900 HORSE PEN CREEK RD GREENSBORO NC 27410 LAPEIRRE MIKE CHAIR 5.00 X X 0 0 0 KORNEGAY JOHN VICE CHAIR 5.00 X X 0 0 0 NEWKIRK BRAD TREASURER 5.00 X X 0 0 0 BROWN HEIDI BOARD MEMBER 1.00 X X 0 0 0 BATES DWIGHT BOARD MEMBER 1.00 X 0 0 0 FLYNN CRYSTAL BOARD MEMBER 1.00 X 0 0 0 JONES CAROLINE BOARD MEMBER 1.00 X 0 0 0 RAMOS LESLIE BOARD MEMBER 1.00 X 0 0 0 KETTERMAN MATT BOARD MEMBER 1.00 X 0 0 0 ANDERSON SETH BOARD MEMBER 1.00 X 0 0 0 WRIGHT LORI BOARD MEMBER 1.00 X 0 0 0 KIRKPATRICK JIM BOARD MEMBER 1.00 X 0 0 0 WILSON KEVIN BOARD MEMBER 1.00 X 0 0 0 TOTH DENA BUSINESS MANAGER 40.00 X 41664 0 11570 HOLLAND TIM HEAD OF SCHOOL 40.00 X 177563 0 16634 219227 0 28204 1 0 1 0 0 472365 742646 1215011 STUDENT TUITION NET DI 611600 6245223 6245223 ADD DISCOUNT FIN ADD D 611600 1104450 1104450 OTHER OPERATING REVENU 611600 211425 211425 7561098 47323 47323 13827 3529 10298 10298 10298 41782 -41782 -41782 -41782 9855 472365 26010 -16155 -16155 8775793 7519316 0 41466 X 1075071 1075071 269892 98033 131112 40747 4181156 3718315 367016 95825 59277 56122 2822 333 419324 367029 41311 10984 324343 278935 35678 9730 23507 23507 1248 1074 137 37 5051 4343 556 152 170328 146482 18736 5110 229193 197106 25211 6876 4591 3948 505 138 282872 243270 31116 8486 692253 595337 76148 20768 76973 66197 8467 2309 REPAIRS AND MAINTENANCE 193816 166682 21320 5814 HOT LUNCH EXP 177137 152338 19485 5314 BUILDING GROUNDS MISC 165957 142723 18255 4979 CLEANING AND JANITORIAL 139798 120226 15378 4194 518651 476469 34458 7724 9010438 7909700 871218 229520 376856 311740 2678332 1718451 2765 14579 141375 279281 21506 40680 28459698 10579041 16713081 17880657 748161 804604 60657 44380 20742733 21094372 127541 123995 1503280 1510532 8259068 8735234 267728 292925 10157617 10662686 X 9836447 9442658 748669 989028 10585116 10431686 20742733 21094372 -234645 81215 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 748659 205000 70323 34955 989027 909087 10000 -134042 36386 748659 776335 168276 35524 909087 477928 300000 45139 23882 776335 442133 3634 32334 173 477928 1.00000 0 0 2086228 2086228 19962170 10579041 9383129 1706634 1706634 4704666 4704666 17880657 ACCRUED SALARIES AND PAYROLL WITHHOLDINGS 292925 292925 X 7752558 81215 81215 7671343 1104450 1104450 8775793 7905988 0 7905988 1104450 1104450 9010438 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING CALDWELL ACADEMY WHO ARE PART OF A FAMILY WHERE A PARENT HAS PASSED AWAY. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE ACADEMY BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. GENERALLY, THE ACADEMY'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE & UNCOLLECTIBLE ACCOUNTS RECORDED IN REVENUE 1,104,450. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE & UNCOLLECTIBLE ACCOUNTS RECORDED TO FUNCTIONAL EXPENSE 1,104,450. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 DURING THE ANNUAL REGISTRATION PERIOD, CALDWELL PUBLISHES ITS STATEMENT OF NON-DISCRIMINATORY POLICY IN THE AREA NEWSPAPER OF GREATEST CIRCULATION. SPRING AUCTION 482220 472365 9855 3500 11490 11020 482220 472365 9855 3500 11490 11020 26010 -16155 1 FINANCIAL AID PROVIDED TO STUDENTS TO HELP MEET TUITION NEEDS. 155 1075071 % VALUE OF GROSS YEARLY TUITION 155 RECIPIENTS BENEFITED FROM THE ASSISTANCE. THE SCHOOL PROVIDES SCHOLARSHIP AID FOR STUDENTS WHO QUALIFY FOR THE AID BASED ON OBJECTIVE CRITERIA. CALDWELL STAFF RECEIVE DISCOUNTED TUITION. PART I, LINE 2: THE SCHOOL MAINTAINS A SCHEDULE OF STUDENTS WHO RECEIVE SCHOLARSHIPS/FINANCIAL AID/AND STAFF DISCOUNT TO OFFSET TUITION. X X X 0 0 0 0 0 0 0 0 0 HOLLAND TIM HEAD OF SCHOOL 177563 0 0 0 0 0 0 0 16634 0 194197 0 0 0 LESLIE LIEBMAN INTERESTED PERSON IS THE MOTHER IN LAW OF DIRECTOR SETH ANDERSON 84045 SALARY PER CONTRACT 0 X 22 257867 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B COPY OF THE 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX(990) IS PROVIDED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY BOARD MEETING PRIOR TO FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS RECEIVE NO DISCOUNTS OR FREE GOODS OR SERVICES. ALL DIRECTORS MUST AGREE TO CONFLICT OF INTEREST POLICY PRIOR TO SERVING ON THE BOARD. THE BOARD OF DIRECTORS ANNUALLY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT BY SIGNING A CONFLICT OF INTEREST DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 HEAD OF SCHOOL COMPENSATION IS DETERMINED BY BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USE COMPARATIVE DATA FOR HEADS OF SCHOOLS IN THE GEOGRAPHIC AREA OF NORTH CAROLINA AND IS CONTEMPORANEOUSLY DOCUMENTED WITH AN EMPLOYEE EVALUATION AND IN BOARD MINUTES(IN GENERAL). BUSINESS MANAGER COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL, USING COMPARATIVE DATA FOR EMPLOYEES IN SAME POSITION IN SAME GEOGRAPHIC AREA. THE BOARD APPROVES THE COMPENSATION IN BUDGET FOR THE BUSINESS MANAGER. EVALUATION IS CONTEMPORANEOUSLY DOCUMENTED IN EMPLOYEE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 CALDWELL MAKES ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E ATHLETICS: PROGRAM SERVICE EXPENSES 115,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,780. OPERATIONS ASSISTANCE: PROGRAM SERVICE EXPENSES 48,183. MANAGEMENT AND GENERAL EXPENSES 6,163. FUNDRAISING EXPENSES 1,681. TOTAL EXPENSES 56,027. CURRICULUM AND BOOKS: PROGRAM SERVICE EXPENSES 44,155. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,155. VEHICLE: PROGRAM SERVICE EXPENSES 37,339. MANAGEMENT AND GENERAL EXPENSES 4,776. FUNDRAISING EXPENSES 1,303. TOTAL EXPENSES 43,418. FINE ARTS: PROGRAM SERVICE EXPENSES 30,567. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,567. UNCOLLECTIBLE ACCOUNTS: PROGRAM SERVICE EXPENSES 29,379. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,379. PRINTING COSTS: PROGRAM SERVICE EXPENSES 24,636. MANAGEMENT AND GENERAL EXPENSES 3,151. FUNDRAISING EXPENSES 859. TOTAL EXPENSES 28,646. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 23,515. MANAGEMENT AND GENERAL EXPENSES 3,008. FUNDRAISING EXPENSES 820. TOTAL EXPENSES 27,343. CLASSROOM AND LAB SUPPLIES: PROGRAM SERVICE EXPENSES 26,600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,600. ADVANCEMENT AND RECRUITING: PROGRAM SERVICE EXPENSES 17,855. MANAGEMENT AND GENERAL EXPENSES 2,284. FUNDRAISING EXPENSES 623. TOTAL EXPENSES 20,762. SCHOOL EVENTS: PROGRAM SERVICE EXPENSES 20,501. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,501. OTHER SGA EXPENSES: PROGRAM SERVICE EXPENSES 2,554. MANAGEMENT AND GENERAL EXPENSES 9,442. FUNDRAISING EXPENSES 902. TOTAL EXPENSES 12,898. TESTING: PROGRAM SERVICE EXPENSES 11,224. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,224. BANK AND BROKERAGE CHARGES: PROGRAM SERVICE EXPENSES 9,501. MANAGEMENT AND GENERAL EXPENSES 1,215. FUNDRAISING EXPENSES 331. TOTAL EXPENSES 11,047. CABLE PHONE: PROGRAM SERVICE EXPENSES 9,289. MANAGEMENT AND GENERAL EXPENSES 1,188. FUNDRAISING EXPENSES 324. TOTAL EXPENSES 10,801. HOSPITALITY: PROGRAM SERVICE EXPENSES 9,050. MANAGEMENT AND GENERAL EXPENSES 1,158. FUNDRAISING EXPENSES 316. TOTAL EXPENSES 10,524. TELEPHONE: PROGRAM SERVICE EXPENSES 7,348. MANAGEMENT AND GENERAL EXPENSES 940. FUNDRAISING EXPENSES 256. TOTAL EXPENSES 8,544. POSTAGE: PROGRAM SERVICE EXPENSES 4,641. MANAGEMENT AND GENERAL EXPENSES 594. FUNDRAISING EXPENSES 162. TOTAL EXPENSES 5,397. HEAD OF SCHOOL: PROGRAM SERVICE EXPENSES 3,459. MANAGEMENT AND GENERAL EXPENSES 442. FUNDRAISING EXPENSES 121. TOTAL EXPENSES 4,022. AWARDS INTL STUDENTS: PROGRAM SERVICE EXPENSES 2,755. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,755. FACILITY UPGRADE: PROGRAM SERVICE EXPENSES 1,687. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,687. DEVELOPMENT EXPENSES: PROGRAM SERVICE EXPENSES 757. MANAGEMENT AND GENERAL EXPENSES 97. FUNDRAISING EXPENSES 26. TOTAL EXPENSES 880. LIBRARY: PROGRAM SERVICE EXPENSES -654. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -654. CLASS PROJECTS AND CLUBS: PROGRAM SERVICE EXPENSES -3,652. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -3,652. FORM 990, PART XII LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR.