2024-04-10T13:04:14-05:00 2023-07-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2022-08-01 541747332 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION MOUN 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 LOIS A CLARKE SECRETARY/TREASURER 2769352954 2024-03-25 1 LOIS CLARKE 999009999 0 SARAH PRESNELL P01269151 4232824511 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LOIS A CLARKE 1760 EDGEWATER DRIVE GRUNDY VA 24614 737406 0 X N/A X 1995 VA MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION WAS ESTABLISHED TO SUPPORT THE MOUNTAIN MISSION SCHOOL, INC. 4 4 0 0 0 0 518 55906 0 0 692766 681500 0 0 693284 737406 4081346 5126738 0 0 0 0 0 0 0 2525 27 4083871 5126765 -3390587 -4389359 43263923 40318123 771795 1046109 42492128 39272014 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION WAS ESTABLISHED TO SUPPORT THE MOUNTAIN MISSION SCHOOL, INC. 0 0 5126738 5126738 MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION SUPPORTED THE MOUNTAIN MISSION SCHOOL, INC. 5126738 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 VA X JAMES W MCGLOTHLIN PRESIDENT 2769352954 1760 EDGEWATER DRIVE GRUNDY VA 24614 X JAMES W MCGLOTHLIN PRESIDENT 1.00 1.00 X X 0 0 0 LOIS A CLARKE SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 MICHAEL J QUILLEN TRUSTEE 1.00 1.00 X 0 0 0 JOHN TICKLE TRUSTEE 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 55906 55906 681500 681500 737406 0 0 681500 5126738 5126738 27 27 5126765 5126738 27 0 8271 26299 564152 402836 42691500 39888988 43263923 40318123 771795 1046109 771795 1046109 X 36646935 36392656 5845193 2879358 42492128 39272014 43263923 40318123 X -4389359 1189238 -19993 X X 0 1 X 1 0 X X X 1 MOUNTAIN MISSION SCHOOL INC 540618173 2 1 5126738 0 1 5126738 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12633609 1000 25495 1524 12658580 12673646 905 -17689 -23253 12633609 12622150 500 72206 -21210 12673646 12597393 1525 26832 -3600 12622150 12588211 425 21353 -12596 12597393 0 0 0 CASH EQUIVALENTS 2909103 F FIXED INCOME 10222764 F MUTUAL FUNDS 9060039 F EQUITIES 16536539 F REAL ESTATE AND TANGIBLES 280681 F CASH SURRENDER VALUE OF LIFE INSURANCE 879862 F 39888988 DUE TO MOUNTAIN MISSION SCHOOL 1046109 1046109 X PART V, LINE 4: THE FOUNDATION HOLDS ASSETS IN UNRESTRICTED ENDOWMENTS, TEMPORARILY RESTRICTED ENDOWMENTS, AND PERMANENTLY RESTRICTED ENDOWMENTS. THE UNRESTRICTED ENDOWMENTS ARE FOR GENERAL USE. THE TEMPORARILY RESTRICTED ENDOWMENTS ARE RESTRICTED FOR SCHOLARSHIPS. THE PERMANENTLY RESTRICTED ENDOWMENTS ARE RESTRICTED FOR STAFF, GENERAL USE, AND SCHOLARSHIPS. PART X, LINE 2: NOTE 1 - TAX EXEMPT STATUS AND UNCERTAIN TAX POSITIONS MMS IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. THE SCHOOL FOLLOWS FASB ACS, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JULY 31, 2023, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE SCHOOL'S CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JULY 31, 2023 AND 2022. 1 MOUNTAIN MISSION SCHOOL INC 1760 EDGEWATER DRIVE GRUNDY VA 24641 540618173 501(C)(3) 5126738 0 CASH PAID N/A MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION GAVE GRANTS TO MOUNTAIN MISSION SCHOOL, INC. FOR STUDENT SCHOLARSHIPS AND FOR INSTITUTIONAL SUPPORT (ASSISTING THE SCHOOL IN ITS GENERAL FUNDRAISING ACTIVITIES). PART I, LINE 2: THE FOUNDATION BOARD APPROVES THE DISBURSEMENT OF FOUNDATION FUNDS TO THE SCHOOL. ACCOUNTS ARE REVIEWED ANNUALLY BY AN EXTERNAL INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION A, LINE 2 LOIS A. CLARKE, SECRETARY/TREASURER, IS AN EMPLOYEE OF JAMES W. MCGLOTHLIN, PRESIDENT. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE FILED WITH THE STATE OF VIRGINIA. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE -34,676. ADJUSTMENT TO PLEDGES RECEIVABLE 14,683. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES OF MOUNTAIN MISSION SCHOOL, INC. ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS CONSOLIDATED FINANCIAL STATEMENTS (WHICH INCLUDE MOUNTAIN MISSION SCHOOL ENDOWMENT FOUNDATION) AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS HAS NOT CHANGED FROM THE PRIOR YEAR. MOUNTAIN MISSION SCHOOL INC 1760 EDGEWATER DRIVE GRUNDY VA 24641 540618173 SCHOOL VA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MOUNTAIN MISSION SCHOOL INC B 5126738