2024-07-22T15:21:08-05:00 2023-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 4130 PARKLAKE AVE STE 400 RALEIGH NC 27612 990 2022-07-01 561432644 FLETCHER ACADEMY INC FLET 8282096711 185 FLETCHER ACADEMY DRIVE FLETCHER NC 28732 STEPHEN LEARNED CFO 8282096711 2024-07-22 1 STEPHEN LEARNED 999009999 0 DAVID BOYCE P01368646 9198792909 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS CAREY 185 FLETCHER ACADEMY DRIVE FLETCHER NC 28732 9697441 0 X HTTPS://FLETCHERACADEMY.ORG/ X 1986 NC FLETCHER ACADEMY OPERATES A DISTINCTLY SEVENTH-DAY ADVENTIST SCHOOL, A RETIREMENT COMMUNITY, AND A FITNESS CENTER FOR THE COMMUNITY, RETIREMENT RESIDENTS, AND FOR THE ACADEMY. 15 14 382 39 0 0 1252887 1385998 6795578 7979717 54936 25665 569534 305850 8672935 9697230 389572 485689 0 0 4948712 5352603 0 0 311069 4162940 4772217 9501224 10610509 -828289 -913279 20769955 19644092 16926017 16530176 3843938 3113916 X FLETCHER ACADEMY, AN INDEPENDENT COLLEGE PREPARATORY HIGH SCHOOL FOUNDED IN 1910, EXISTS TO PROVIDE A DISTINCTLY SEVENTH-DAY ADVENTIST EDUCATION WHERE SPIRITUAL DEVELOPMENT IS BOLSTERED WITH ACADEMIC RIGOR, WORK SKILLS, AND CHARACTER DEVELOPMENT THAT CHALLENGES OUR STUDENTS. 0 0 4847298 485689 3588567 FLETCHER ACADEMY AN INDEPENDENT COLLEGE PREPARATORY HIGH SCHOOL, WHICH PROVIDES A DISTINCTLY SEVENTHDAY ADVENTIST EDUCATION WHERE SPIRITUAL DEVELOPMENT IS BOLSTERED WITH ACADEMIC RIGOR, WORK SKILLS, AND CHARACTER DEVELOPMENT. FLETCHER ACADEMY IS A HIGH SCHOOL LOCATED IN HENDERSON COUNTY, NORTH CAROLINA, AND IS OPEN TO STUDENTS WORLDWIDE. IT IS FUNDED PRIMARILY BY TUITION AND CONTRIBUTIONS. CAPTAIN GILMER CHRISTIAN SCHOOL IS AN ELEMENTARY PROGRAM PROVIDING YOUNG PEOPLE AN OPPORTUNITY TO RECEIVE AN EXCELLENT EDUCATION IN A CHRISTIAN ENVIROMENT. IT SERVICES STUDENTS FROM KINDERGARTEN THROUGH THE EIGHTH GRADE. 2084560 3193276 FLETCHER PARK INN THE RETIREMENT COMMUNITY KNOWN AS FLETCHER PARK INN, ALSO LOCATED IN HENDERSON COUNTY, IS OPEN TO INDIVIDUALS WHO DESIRE RETIREMENT LIVING IN A LIFESTYLE THAT IS OFFERED ON THE FLETCHER ACADEMY CAMPUS. FLETCHER PARK INN ALSO PROVIDES AN EDUCATIONALOPPORTUNITY IN THE SERVICE FOR THE YOUNG PEOPLE OF THE ORGANIZATION. THE INN SEEKS TO PROVIDE COMFORTABLE SURROUNDINGS AT A REASONABLE COST FOR RESIDENTS TO ENJOY LIFE OF COMPANIONSHIP AND SERVICE. 754334 666415 LELIA PATTERSON CENTER THE ACTIVITY CENTER KNOWN AS LELIA PATTERSON CENTER IN OPEN TO INDIVIDUALS AND THEIR FAMILIES TO PURSUE A HEALTHY LIFESTYLE THROUGH EXERCISE, HEALTH EDUCATION, RECREATION, AND SOCIAL ACTIVITIES IN A CHRISTIAN ATMOSPHERE. 557387 531459 RENTAL & OTHER OPERATIONS 557387 531459 8243579 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 63 0 1 382 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X STEPHEN LEARNED 8082096711 540 S WHITE OAK ROAD FLETCHER NC 28732 CHRIS CAREY CEO/PRESIDENT 40.00 X X 104402 0 42296 JONATHAN KENDRICK BOARD CHAIR 1.00 X X 0 0 0 DON LOWE BOARD MEMBER 1.00 X 0 0 0 GEORGE PENDLETON BOARD MEMBER 1.00 X 0 0 0 KATHY HADLEY BOARD MEMBER 1.00 X 0 0 0 STAURT YOON BOARD MEMBER 1.00 X 0 0 0 IVAN BLAKE BOARD MEMBER 1.00 X 0 0 0 BILL MOORE BOARD MEMBER 1.00 X 0 0 0 JULIE TULLOCK BOARD MEMBER 1.00 X 0 0 0 MILTON CONLEY BOARD MEMBER 1.00 X 0 0 0 SHELLY ANCHETA BOARD MEMBER 1.00 X 0 0 0 TRISTAN HAMILTON BOARD MEMBER 1.00 X 0 0 0 SCOTT MILLER BOARD MEMBER 1.00 X 0 0 0 TIMOTHY NOVAK BOARD MEMBER 1.00 X 0 0 0 JENNIFER ZINKE BOARD MEMBER 1.00 X 0 0 0 STEPHEN LEARNED CFO/TREASURER 40.00 X 68028 0 38788 PHILIP D WILHELM CAO/PRINCIPAL 40.00 X 79313 0 41649 ARTHUR L GIBBS DEVELOPMENT/ADVANCEMENT 1.00 X 60064 0 20486 311807 0 143219 1 0 0 0 0 1385998 1385998 FLETCHER PARK INN 721110 3193276 3193276 TUITION AND FEES 611600 2803628 2803628 ACADEMIC SUPPORT PROGR 611600 784939 784939 LELIA PATTERSON CENTER 531390 666415 666415 OTHER PROGRAM FEES 611600 531459 531459 7979717 24480 24480 234760 0 234760 234760 234760 1185 0 1185 1185 1185 19380 211 19169 19169 OTHER INCOME 900099 51921 51921 51921 9697230 7979717 0 331515 485689 485689 455026 455026 3605103 2834976 636970 133157 148852 102949 40243 5660 863427 579560 173752 110115 280195 189780 81128 9287 485510 371231 107281 6998 45482 33214 12205 63 142301 89081 35544 17676 284973 150640 132480 1853 1240716 1097216 140448 3052 8644 1182 3613 3849 1567 1567 1145305 1037642 107663 73928 34100 39318 510 MEALS & ENTERTAINMENT 423546 419830 2180 1536 PROGRAM EXPENSES 334186 334186 EQUIPMENT REPAIRS AND M 294590 251669 42921 MISCELLANEOUS 240648 213496 23967 3185 50821 17138 19555 14128 10610509 8243579 2055861 311069 1498371 1042965 1929012 1813974 484358 130883 185012 88992 53537 52632 37229762 22716782 14716259 14512980 1526469 1637090 376937 364576 20769955 19644092 689288 549154 125548 106815 198327 158537 15912854 15715670 16926017 16530176 X 1325167 261940 2518771 2851976 3843938 3113916 20769955 19644092 X -913279 161544 21713 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1526469 27800 161544 64855 1650958 1715427 39407 -172623 74297 1507914 1312983 63440 387153 48149 1715427 1429367 2363 -68162 50585 1312983 1439905 41212 -1200 50550 1429367 1.00000 1 0 39051 39051 28279303 14948281 13331022 5719607 4665363 1054244 3191801 3103138 88663 14512980 FUNDS HELD FOR OTHERS 137807 ANNUITIES PAYABLE 12160 RESIDENCY DEPOSITS 15565703 15715670 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF 21 INDIVIDUAL FUNDS, INCLUDING A BENEFICIAL INTEREST IN PERPETUAL TRUST INVESTED AT CFHC, ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES ONLY DONOR-RESTRICTED ENDOWMENT FUNDS. THE ORGANIZATION AND THE CFHC HAVE ADOPTED INVESTMENT AND SPENDING POLICIES APPROVED BY THE BOARD OF DIRECTORS, FOR ENDOWMENT ASSETS THAT ATTEMPT TO EFFECTIVELY MANAGE THE ENDOWMENT FINANCIAL RESOURCES OF THE ORGANIZATION, ENSURE FUNDS ARE AVAILABLE TO ACHIEVE GOALS, AND ENSURE FUNDS ARE AVAILABLE TO MEET BUDGETING NEEDS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE ORGANIZATION IS INCORPORATED AS A NONPROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA. IT HAS QUALIFIED FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 170(B)(1)(A)(II). MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE SURROUNDING UNCERTAIN TAX POSITIONS AND CONCLUDED THAT ORGANIZATION HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN TAX POSITIONS AT JUNE 30, 2023. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALL PROSPECTIVE STUDENTS RECEIVE THE FLETCHER ACADEMY HANDBOOK, WHICH INCLUDES THE NON-DISCRIMINATION POLICY. THE POLICY IS ALSO PUBLISHED IN PRINT MEDIA ONCE ANNUALLY IN AUGUST. VEGE-FOOD SALES 19380 19380 211 19380 19380 211 211 19169 0 FINANCIAL AID AND TUITION ASSITANCE 148 485689 BOOK TUITION REDUCTION FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION, THAT IS ITS CONSTITUENCY, SHALL BE COMPOSED OF NOT FEWER THAN TWENTYFOUR (24) AND NOT MORE THAN THIRTYTWO (32) INDIVIDUALS (WHO WILL SERVE FOR A THREEYEAR (3) TERM). NOT LESS THAN ONETHIRD (1/3) AND NOT MORE THAN ONEHALF (1/2) OF THESE SHALL BE EMPLOYEES OF THE CORPORATION. AN OFFICER OF THE LAYMAN FOUNDATION OF NORTH CAROLINA, A NOTFORPROFIT NORTH CAROLINA CORPORATION, THE EXECUTIVE SECRETARY OF THE LAYMAN FOUNDATION OF TENNESSEE, A NOTFORPROFIT TENNESSEE CORPORATION, AND A PASTOR OF A SEVENTHDAY ADVENTIST CHURCH IN THE LOCAL COMMUNITY EACH SHALL BE A MEMBER. THE REMAINING MEMBERS SHALL BE CHOSEN FROM AMONG SEVENTHDAY ADVENTIST MEMBERS IN GOOD AND REGULAR STANDING WHO PRACTICE AND SUPPORT THE STANDARDS ADOPTED BY THE CORPORATION AND HAVE AN ACTIVE INTEREST IN THE SPIRITUAL AND BUSINESS DEVELOPMENT OF FLETCHER ACADEMY, INC. AND ITS AFFILIATED ENTITIES. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS OF THE CORPORATION SHALL BE SUPERVISED AND MANAGED BY A BOARD OF DIRECTORS COMPOSED OF ELEVEN (11) TO FIFTEEN (15) MEMBERS, INCLUDING THE CHAIRPERSON, AT LEAST ONE (1) MEMBER THAT IS AN OFFICER OF THE LAYMAN FOUNDATION OF NORTH CAROLINA, A NOTFORPROFIT NORTH CAROLINA CORPORATION, AND ONE (1) OF WHOM SHALL BE EMPLOYED BY THE SEVENTHDAY ADVENTIST CHURCH. ALL OTHER MEMBERS ARE TO BE CHOSEN AT LARGE. EACH MEMBER SHALL SERVE FOR A TERM OF THREE (3) YEARS, WITH ONETHIRD (1/3) OF THE MEMBERS ROTATING OFF THE BOARD EACH YEAR. THE UNEXPIRED TERM OF ANY VACANCY ON THE BOARD OF DIRECTORS MAY BE FILLED BY THE BOARD OF DIRECTORS. IF NO ELECTION IS HELD BY THE MEMBERS OF THE CORPORATION, THE DIRECTORS SHALL CONTINUE TO SERVE UNTIL THEIR SUCCESSORS ARE ELECTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, IS REVIEWED BY THE CFO, AND PROVIDED TO THE BOARD BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. ANY MEMBER WITH A POTENTIAL CONFLICT WILL RECUSE HIMSELF / HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION RATES FOR THE FLETCHER ACADEMY (FAI) TEACHING STAFF ARE BASED ON THE SOUTHERN UNION CONFERENCE OF SEVENTHDAY ADVENTIST PUBLISHED RATES OF PAY. THE COMPENSATION OF KEY EMPLOYEES IS SET BY THE CEO. THE COMPENSATION SCHEDULE FOR ALL EMPLOYEES ARE PRESENTED, ALONG WITH THE BUDGET, TO THE FAI FINANCE COMMITTEE EACH YEAR. THE FAI FINANCE COMMITTEE APPROVES AND RECOMMENDS THE COMPENSATION SCHEDULE TO THE FAI BOARD OF DIRECTORS, WHO HAVE FINAL APPROVAL OF THE FAI BUDGET AND COMPENSATION RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 21,713. FAI HOLDINGS LLC PO BOX 5440 FLETCHER NC 287325440 464495906 HOLDING COMPANY NC 0 0 FLETCHER ACADEMY INC FLETCHER ACADEMY ENTERPRISES INC 185 FLETCHER ACADEMY DRIVE FLETCHER NC 28732 561432679 CONSTRUCTION COMPANY NC FLETCHER ACADEMY INC C 1278 85214 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0