2025-10-30T10:54:55-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 060662113 THE CHESHIRE ACADEMY CHES 2032725396 10 MAIN STREET CHESHIRE CT 06410 MATTHEW PIECHOTA CHIEF FINANCIAL OFFICER 2032725396 2025-10-30 1 1 MELISSA MODELSON P01603524 9143818900 2025-10-29 2024 2025-03-06 01:10:19Z TOM WOELPER 10 MAIN STREET CHESHIRE CT 06410 48428034 0 X WWW.CHESHIREACADEMY.ORG X 1937 CT THE ACADEMY PROVIDES EDUCATIONAL ACTIVITIES TO APPROXIMATELY 384 STUDENTS GRADES 9-12, AS WELL AS A POSTGRADUATE YEAR. 16 16 157 20 0 0 1683795 1698665 18826207 20103178 1170033 5801235 636713 666081 22316748 28269159 4873669 4807262 0 0 10939047 11493465 0 0 1570566 7685773 8801325 23498489 25102052 -1181741 3167107 48844775 53215201 10931948 12861393 37912827 40353808 CHESHIRE ACADEMY IS AN INTERNATIONALLY MINDED COLLEGE-PREPARATORY SCHOOL THAT CHALLENGES ITS STUDENTS TO MAXIMIZE THEIR POTENTIAL BY DEVELOPING THE CONFIDENCE, CHARACTER, AND CRITICAL THINKING SKILLS THAT ENABLE THEM TO THRIVE AS GLOBAL CITIZENS. 0 0 19239179 4807262 20056249 CHESHIRE ACADEMY STUDENTS GROW INCREASINGLY CAPABLE OF INDEPENDENTLY OBSERVING, QUESTIONING, EXPLAINING, INTERPRETING, AND ANALYZING THE WORLD. OUR ACADEMIC PROCESS BEGINS WITH WHAT STUDENTS KNOW AND WANT TO KNOW, AND DEVELOPS ACTIVE LEARNERS WHO REFLECT ON THEIR GROWTH AND THE IMPLICATIONS OF THEIR LEARNING. LOCATED IN DOWNTOWN CHESHIRE, CHESHIRE ACADEMY IS A PRIVATE SCHOOL WITH A STUDENT BODY OF APPROXIMATELY 384 STUDENTS FOR GRADES 9-12 AND POSTGRADUATE. 19239179 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 22 0 157 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X MATTHEW PIECHOTA 2032725396 10 MAIN STREET CHESHIRE CT 06410 JENNIFER FREEDMAN CHAIR 8.00 X X 0 0 0 RON BERGAMO VICE CHAIR 8.00 X X 0 0 0 CATHERINE BONNEAU SECRETARY 8.00 X X 0 0 0 JARED PINSKER TREASURER 8.00 X X 0 0 0 BART DEPETRILLO TRUSTEE 2.00 X 0 0 0 MITCHELL HERMAN TRUSTEE 2.00 X 0 0 0 DR JAMES KEMPTON TRUSTEE 2.00 X 0 0 0 KRISTEN MARIOTTI TRUSTEE 2.00 X 0 0 0 SUPARNA MODY TRUSTEE 2.00 X 0 0 0 DR WILLIAM PETIT TRUSTEE 2.00 X 0 0 0 COURTNEY SACCHETTI TRUSTEE 2.00 X 0 0 0 PRAVEEN SAVALGI TRUSTEE 2.00 X 0 0 0 TODD SAVAGE TRUSTEE 2.00 X 0 0 0 MARTHA TRIPLETT TRUSTEE 2.00 X 0 0 0 ED VINAL TRUSTEE 2.00 X 0 0 0 MURALI VENKATRAMAN TRUSTEE 2.00 X 0 0 0 JULIE ANDERSON HEAD OF SCHOOL, THRU DEC. 2024 50.00 X 362724 0 93261 TOM WOELPER HEAD OF SCHOOL, AS OF JAN 2025 50.00 X 0 0 0 MATTHEW PIECHOTA CHIEF FINANCIAL OFFICER 50.00 X 166922 0 122500 ADOLPHUS CLINTON ASST. HEAD OF SCHOOL, THRU JUNE 2025 50.00 X 166305 0 67717 KYLAH ARIAS DIR. OF COUNSELING, THRU DEC 2024 50.00 X 107566 0 12825 REBECCA BROOKS DIR. OF ADMISSION, THRU JUNE 2025 50.00 X 132708 0 136394 JOE LONG CHIEF ADVANCEMENT OFFICER 50.00 X 195021 0 11235 KRISTIN WELAGE DIRECTOR OF HUMAN RESOURCES 50.00 X 120818 0 23094 1252064 0 467026 9 0 1 0 FLIK - COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 STUDENT DINING SERVICES 2187295 PBM PREFERRED BUILDING MAINTENANCE 40 SOUTHEND PLAZA NEW MILFORD CT 06766 CLEANING SERVICES 415296 A & J CONSTRUCTION 150 LAUREL HILL ROAD BROOKFIELD CT 06804 CONSTRUCTION SERVICES 152700 SHIPMAN & GOODWIN LLP ONE CONSTITUTION PLAZA HARTFORD CT 061031919 LEGAL SERVICES 146143 INSIGHT PUBLIC SECTOR INC PO BOX 731072 DALLAS TX 753731072 TECHNOLOGY SERVICES 107838 5 1698665 2406 1698665 TUITION AND SUMMER PROGRAMS 611710 20048425 20048425 AUXILIARY PROGRAMS 611710 54753 54753 20103178 394869 394869 18637 18637 81145 0 81145 81145 81145 21326335 4144698 19622783 460521 1703552 3684177 5387729 5387729 28642 75571 -46929 -46929 MISC. REVENUE 900099 362760 362760 INSURANCE PROCEEDS 900099 250000 250000 VENDING MACHINES 900099 19105 19105 631865 28269159 20056249 0 6514245 4807262 4807262 776321 136578 503165 136578 42688 42688 8205283 6007960 1437489 759834 466304 350612 72627 43065 1314860 973903 218670 122287 688009 477533 142845 67631 312344 312344 44676 44676 1794101 1093051 531729 169321 111868 76407 35461 929848 699436 149163 81249 78326 74699 3627 663212 548975 89808 24429 277638 117827 106420 53391 1581 1581 197362 163408 26694 7260 1565012 1335417 180497 49098 232632 197844 27349 7439 FOOD AND DIETARY 1967946 1967946 MISC. EXPENSES 270132 71893 190239 8000 SETTLEMENT EXPENSE 163850 163850 STUDENT ACTIVITIES 90328 90328 100469 80238 18335 1896 25102052 19239179 4292307 1570566 2906397 3706510 1593780 2994691 1114943 696633 380065 469928 83469 46806 493859 300518 46382626 26154383 21214274 20228243 12030635 11459700 9027353 8920778 0 4391394 48844775 53215201 292834 1140042 4799207 6266546 5318880 5014406 521027 440399 10931948 12861393 X 17423375 18768162 20489452 21585646 37912827 40353808 48844775 53215201 X 3167107 -641115 -85011 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13296986 394770 1289567 553097 14428226 12582981 313888 940268 540151 13296986 12428133 431405 875556 599514 13135580 14854382 133967 -1914776 645440 12428133 13076224 329014 2033446 584302 14854382 0.02240 0.80240 0.17520 0 0 372500 372500 40172078 22051112 18120966 3527379 3290103 237276 2310669 813168 1497501 20228243 ALTERNATIVE INVESTMENTS 3056336 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 5864442 F 8920778 RIGHT OF USE ASSET 36175 OTHER RECEIVABLE 4355219 4391394 X 22940217 -641115 507586 -133529 23073746 5195413 5195413 28269159 20499236 75571 75571 20423665 4678387 4678387 25102052 PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS TO BE USED FOR FACULTY ENRICHMENT, SCHOLARSHIPS AND CAPITAL IMPROVEMENTS. PART X, LINE 2: THE ACADEMY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 75,571. CHANGE IN THE VALUE OF PERPETUAL TRUSTS REPORTED ON PART XI, LINE 9 432,015. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2 4,678,387. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLES REPORTED ON PART XI, LINE 9 517,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOOL STORE COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 75,571. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED ON PART IX, LINE 2 4,678,387. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS INTERNET WEBSITE. 1 FINANCIAL AID SCHOLARSHIPS 168 4678387 0 MORTON FACULTY AWARDS 47 128875 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE IN FURTHERANCE OF THE INSTITUTION'S EXEMPT PROGRAMS ARE MADE IN ACCORDANCE WITH PROCEDURES OR SUBJECT TO CONDITIONS ESTABLISHED BY THE ACADEMY. GRANTS AND OTHER ASSISTANCE ARE SUPPORTED BY APPROPRIATE DOCUMENTATION AND APPROVALS. FINANCIAL AID: THE GOAL OF OUR FINANCIAL AID PROGRAM IS TO PROVIDE ACCESS TO THOSE WHO QUALIFY FOR NEED-BASED FINANCIAL AID AND MAY NOT BE ABLE TO OTHERWISE AFFORD TO ATTEND. CHESHIRE ACADEMY CONSIDERS A FAMILY'S INCOME, ASSETS, AND THE NUMBER OF SIBLINGS ENROLLED IN TUITION-CHARGING SCHOOLS IN ORDER TO QUALIFY A FAMILY FOR FINANCIAL AID. NEED-BASED FINANCIAL AID IS DETERMINED BY SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) AND BY CHESHIRE ACADEMY'S FINANCIAL AID COMMITTEE. THE FINANCIAL AID COMMITTEE, COMPRISED OF THREE ADMISSION OFFICERS AND THE CFO, FIRST MAKES A DECISION ON WHETHER OR NOT A STUDENT IS ADMISSIBLE BASED ON THEIR ADMISSION APPLICATION. THE FINANCIAL AID COMMITTEE IS THEN RESPONSIBLE FOR FINANCIAL AID DECISIONS FOR ACCEPTED STUDENTS AND ALLOCATES AWARDS BASED ON A FAMILY'S DEMONSTRATED NEED. CHESHIRE ACADEMY SUBSCRIBES TO THE GUIDING PRINCIPLE THAT THE PRIMARY RESPONSIBILITY FOR THE COST OF A CHILD'S EDUCATION RESIDES WITH THE FAMILY AND THAT FINANCIAL AID MUST BE BASED ON DEMONSTRATED NEED, NOT ON WILLINGNESS OR UNWILLINGNESS TO PAY. WE EXPECT THAT EACH FAMILY WILL MAKE THE FUNDING OF THEIR CHILD'S EDUCATION A PRIORITY. THE FINANCIAL AID COMMITTEE UTILIZES ALL DATA PROVIDED THROUGH THE PFS (PARENTS' FINANCIAL STATEMENT), TAX DOCUMENTS INCLUDING, BUT NOT LIMITED TO TWO YEARS OF A FEDERALLY FILED 1040. ALL DOCUMENTATION IS SUBMITTED TO AND VERIFIED BY SSS TO DETERMINE A FAMILY'S "DEMONSTRATED NEED" DEMONSTRATED NEED IS THE DIFFERENCE BETWEEN THE COST OF EDUCATION AT CHESHIRE ACADEMY AND A FAMILY'S EXPECTED CONTRIBUTION TO THAT EDUCATION AS A PERCENT OF YOUR DISCRETIONARY INCOME. CHESHIRE ACADEMY MORTON AWARD PROGRAM: THE MORTON SUMMER SPECIAL PROJECT AND/OR PERSONAL ENRICHMENT GRANT IS DESIGNED AND INTENDED TO PROVIDE FINANCIAL SUPPORT FOR THE PURSUIT OF A PASSION OR PERSONAL INTEREST. THE SPIRIT OF THIS GRANT IS SUCH THAT SOME FINANCIAL ASSISTANCE WILL HELP HONOR AND SUPPORT ENRICHING, ENGAGING, AND RESTORATIVE OPPORTUNITIES FOR THE ACADEMY'S TEACHING FACULTY. THE MORTON SUMMER CURRICULUM PROJECT GRANT IS DESIGNED/INTENDED TO PROVIDE FINANCIAL SUPPORT FOR MISSION-DRIVEN CURRICULUM WORK. THESE GRANTS MAY BE AWARDED TO INDIVIDUAL FACULTY MEMBER OR TO GROUPS. THE GRANTS ARE INTENDED FOR RESEARCH AND DESIGN OF NEW COURSES OR FOR INTERDEPARTMENTAL WORK, OR FOR A SIGNIFICANT "REFRESH/OVERHAUL" OF EXISTING COURSES/UNITS BEYOND THE TYPICAL EXPECTATION OF REGULAR COURSE PREPARATION. FACULTY MEMBERS ARE ENCOURAGED TO SEEK GUIDANCE FROM THE DEAN OF ACADEMICS WHEN CONSIDERING APPLICATION FOR A PERSONAL ENRICHMENT GRANT OR SUMMER CURRICULUM PROJECT GRANT TO ASCERTAIN WHETHER A POTENTIAL REQUEST MIGHT BE SUPPORTED THROUGH THIS PROGRAM. FACULTY MEMBERS ARE REQUIRED TO BE FULL-TIME TEACHERS WHO ARE AT LEAST IN HIS OR HER SECOND YEAR OF TEACHING AT THE ACADEMY. GRANT RECIPIENTS MUST COMPLETE AT LEAST ONE (1) YEAR OF CONTINUED SERVICE AT THE ACADEMY FOLLOWING THE GRANT YEAR WITH THE UNDERSTANDING THAT IF A GRANT RECIPIENT SHOULD RESIGN OR BE TERMINATED FROM THE ACADEMY, ALL MONIES WILL BE RETURNED TO CHESHIRE ACADEMY UPON RESIGNATION AND/OR TERMINATION. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JULIE ANDERSON HEAD OF SCHOOL, THRU DEC. 2024 352702 0 0 0 10022 0 21900 0 71361 0 455985 0 0 0 MATTHEW PIECHOTA CHIEF FINANCIAL OFFICER 166910 0 0 0 12 0 10847 0 111653 0 289422 0 0 0 REBECCA BROOKS DIR. OF ADMISSION, THRU JUNE 2025 132700 0 0 0 8 0 121284 0 15110 0 269102 0 0 0 ADOLPHUS CLINTON ASST. HEAD OF SCHOOL, THRU JUNE 2025 166293 0 0 0 12 0 10767 0 56950 0 234022 0 0 0 JOE LONG CHIEF ADVANCEMENT OFFICER 195000 0 0 0 21 0 11213 0 22 0 206256 0 0 0 PART I, LINE 1A HOUSING BENEFITS PROVIDED TO THE HEAD OF SCHOOL AND DIRECTOR OF DEVELOPMENT, ARE TREATED AS NON-TAXABLE COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 119. THESE PERSONS ARE REQUIRED TO LIVE ON SCHOOL PREMISES AS A CONDITION OF THEIR EMPLOYMENT, AND THE HOUSING BENEFITS ARE PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE AMOUNTS ARE INCLUDED IN PART II, COLUMN (D). - JULIE ANDERSON, HEAD OF SCHOOL - $36,000 - ADOLPHUS CLINTON, ASSISTANT HEAD OF SCHOOL - $15,000 - REBECCA BROOKS, DIRECTOR OF ADMISSIONS - $15,000 THE FOLLOWING INDIVIDUALS RECEIVED CORPORATE MEMBERSHIP AT A SOCIAL CLUB: - TOM WOELPER, HEAD OF SCHOOL - MATTHEW PIECHOTA, CHIEF FINANCIAL OFFICER - JOE LONG, CHIEF ADVANCEMENT OFFICER A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2022-05-12 23400000 CAPITAL PROJECTS 0 0 0 A 10030 23469504 226754 448452 4763246 84846 17876702 2025 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3: THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4 THROUGH 12 DUE TO INTEREST AND DIVIDENDS INCOME RECEIVED ON THE BOND PROCEEDS. SCHEDULE K, PART II: THE BOND PROCEEDS FROM THE ISSUANCE OF $23,400,000 ARE BEING DRAWN DOWN IN PHASES AS THE CAPITAL PROJECTS PROGRESS. TO DATE, $4.9 MILLION WAS DRAWN ON THE BOND FOR CAPITAL PROJECTS. DURING FISCAL YEAR 2025, THE ACADEMY ELECTED TO FORGO ANY FURTHER DRAW DOWNS FROM THE BONDS. ALL DRAWN PROCEEDS HAVE BEEN FINALLY ALLOCATED, AND ANY REMAINING INVESTMENT EARNINGS WILL BE HANDLED IN COMPLIANCE WITH ARBITRAGE AND POST-ISSUANCE REQUIREMENTS. THOMAS MARSHALL FAMILY MEMBER OF HEAD OF SCHOOL 25685 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 ADOLPHUS CLINTON AND REBECCA BROOKS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ACADEMY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY MANAGEMENT, PRESENTED TO THE EXECUTIVE COMMITTEE, AND THEN A REDACTED COPY IS PRESENTED TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, MEMBER OF ADMINISTRATION (AS APPLICABLE) SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE SCHOOL IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS OR OTHERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ON JANUARY 22, 2021, THE BOARD VOTED TO GIVE THE EXECUTIVE COMMITTEE THE POWER TO NEGOTIATE THE HEAD'S CONTRACT. THE COMMITTEE USED COMPARABLE DATA, INCLUDING THE FORM 990S OF SIMILAR SCHOOLS, AS A GUIDE TO DETERMINE THE HEAD OF SCHOOL'S COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWED AND APPROVED THE COMPENSATION FOR ANOTHER THREE-YEAR TERM. THE HEAD OF SCHOOL RECEIVED A NEW FIVE-YEAR CONTRACT STARTING ON 7/1/21. JOHN THOMAS "TOM" WOELPER STARTED AS HEAD OF SCHOOL ON 1/1/2025. A NEW EMPLOYEE AGREEMENT WAS SIGNED WITH HIM AT THE TIME OF HIRING, WHICH WAS APPROVED BY THE BOARD. ALL OTHER SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL, DIRECTOR OF HUMAN RESOURCES, AND THE CFO. THIS PROCESS TAKES PLACE EVERY YEAR BEFORE APPOINTMENT LETTERS FOR THE FOLLOWING YEAR ARE ISSUED IN MARCH. THE ACADEMY MAKES SURE SALARIES ARE AS EQUITABLE AS POSSIBLE, WHILE FACTORING IN SUCH FACTORS AS EXPERIENCE, SENIORITY, CREDENTIALS, EDUCATION, AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUE OF PERPETUAL TRUSTS 432,015. LOSS ON UNCOLLECTIBLE CONTRIBUTION RECEIVABLES -517,026. FORM 990, PART XII, LINE 2C: THE ACADEMY HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.