2026-02-24T14:40:03-06:00 2025-05-31 640809101 HARPER RAINS KNIGHT & COMPANY PA 1052 HIGHLAND COLONY PKWY STE 100 RIDGELAND MS 39157 990 2024-06-01 646012819 JACKSON ACADEMY INC JACK 6013665012 4908 RIDGEWOOD ROAD JACKSON MS 39211 ANGIE ANTICI CFO 6013665012 2026-02-19 1 0 BILL FELDER CPA P00745144 6016050722 2026-02-19 2024 2025-03-06 01:10:19Z BRAD WILLIAMS 4908 RIDGEWOOD ROAD JACKSON MS 39211 21217536 0 X WWW.JACKSONACADEMY.ORG X 1959 MS WITHIN OUR NURTURING AND SPIRITUAL COMMUNITY, JACKSON ACADEMY INSPIRES AND EQUIPS EACH STUDENT TO LEAD A LIFE OF PURPOSE AND SIGNIFICANCE. 11 11 385 0 0 0 816363 969154 19065667 17730332 320448 518562 2569305 1659480 22771783 20877528 0 0 0 0 11994926 12581450 0 0 363641 10424924 7922545 22419850 20503995 351933 373533 37203669 38633940 16080569 16726175 21123100 21907765 WITHIN OUR NURTURING AND SPIRITUAL COMMUNITY, JACKSON ACADEMY INSPIRES AND EQUIPS EACH STUDENT TO LEAD A LIFE OF PURPOSE AND SIGNIFICANCE. 0 0 18143638 21159934 THE PURPOSE OF JACKSON ACADEMY, INC IS TO OPERATE AS A NON-PROFIT INSTITUTION OF LEARNING AND TO DO ALL THINGS NECESSARY AND PROPER TO ACCOMPLISH THIS PURPOSE FOR ITS STUDENT BODY OF APPROXIMATELY 1,260. IT OPERATES EXCLUSIVELY FOR EDUCATIONAL PURPOSES. 18143638 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 62 0 1 385 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 MS X ANGIE ANTICI 6013645700 4908 RIDGEWOOD ROAD JACKSON MS 39211 X ROBERT HEDERMAN PAST CHAIR 2.00 X X 0 0 0 MCKIE EDMONSON CHAIR 2.00 X X 0 0 0 BRAD REEVES SECRETARY 2.00 X X 0 0 0 REBEKAH GREGORY JAA PRESIDENT 2.00 X 0 0 0 ANGIE HARAWAY MEMBER 2.00 X 0 0 0 NIC HENDERSON MEMBER 2.00 X 0 0 0 MEREDITH HOUGUE MEMBER 2.00 X 0 0 0 CHESLEY JAMES MEMBER 2.00 X 0 0 0 AUSTIN BARBOUR MEMBER 2.00 X 0 0 0 MYSTI CHUSTZ MEMBER 2.00 X 0 0 0 DR BRAD WILLIAMS CHAIR-ELECT 2.00 X X 0 0 0 JEFFREY LOHMEIER TREASURER 2.00 X 0 0 0 PALMER KENNEDY HEAD OF SCHOOL 40.00 X 255806 0 63058 255806 0 63058 2 0 1 0 0 969154 33423 969154 TUITION & REGISTRATION 611600 17730332 17730332 17730332 519060 519060 69944 39453 30491 30491 30491 149 647 -498 -498 -498 225372 134137 91235 91235 238626 165771 72855 72855 SUPPLIES, TECHNOLOGY, TEXTBOOK & 611600 625072 625072 AUXILIARY 611600 409297 409297 ATHLETICS AND CAMPS 611600 287283 287283 143247 143247 1464899 20877528 19268086 0 640288 488079 459087 22271 6721 10152739 9549672 463261 139806 302564 243050 45717 13797 857596 688907 129583 39106 780472 626953 117929 35590 14273 14273 37747 37747 231219 153116 78103 345347 2604 330451 12292 176871 161985 14470 416 468086 417861 48821 1404 493787 440804 51502 1481 1696990 1370038 322348 4604 470490 392537 74974 2979 TUITION DISCOUNTS 1041078 1041078 INSTRUCTIONAL SUPPLIES 966659 939427 13601 13631 MISCELLANEOUS AND ADMIN 840778 765901 73887 990 ATHLETIC SUPPLIES 340274 329089 11185 798946 714645 82765 1536 20503995 18143638 1996716 363641 716460 1141519 5206968 3672842 703334 261692 191288 257596 138448 155325 291979 324022 54428563 31061598 24113740 23366965 5824617 8814658 16835 639321 37203669 38633940 1480230 1353363 13244053 12855065 1356286 2517747 16080569 16726175 X 15935779 18387125 5187321 3520640 21123100 21907765 37203669 38633940 X 373533 411111 20 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 X X 0 1786106 1786106 1516121 -145828 415813 1786106 4622023 -3264973 159071 1516121 5819465 -615535 -581907 4622023 3168093 1633746 1017626 5819465 0.01030 0.98970 0.00000 0 0 5819499 5819499 26156883 12614123 13542760 18602498 14646359 3956139 3819683 3801116 18567 30000 30000 23366965 RAYMOND JAMES 8814658 F 8814658 DUE TO STUDENT ACTIVITIES 227659 ASSET RETIREMENT LIABILITY 113100 CURRENT PORTION OF CAPITAL LEASE 152422 PREPAID TUITION 1684076 CAPITAL LEASE LIABILITY - LT 340490 2517747 X 20586942 411111 339361 750472 19836470 1041058 1041058 20877528 19802277 339361 339361 19462916 1041079 1041079 20503995 PART III, LINE 4: THE ORGANIZATION MAINTAINS ITS ART COLLECTION FOR SCHOLARLY RESEARCH AND PRESERVATION FOR FUTURE GENERATIONS. PART V, LINE 4: THE PRIMARY INTENDED USE IS TO SUSTAIN THE HIGH QUALITY EDUCATIONAL PROGRAM OF THE SCHOOL. PART X, LINE 2: THE ACADEMY IS A NON-PRIVATE FOUNDATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GIFTS TO THE ACADEMY QUALIFY FOR THE CHARITABLE CONTRIBUTIONS DEDUCTION TO THE EXTENT PROVIDED BY THE INTERNAL REVENUE CODE. THE ACADEMY IS ALSO EXEMPT FROM STATE INCOME TAXES. THE ACADEMY HAS NO UNCERTAIN TAX PROVISIONS AND NO TAX RETURNS UNDER EXAMINATION AS OF MAY 31, 2025 OR 2024. TAX RETURNS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (DEDUCTED AGAINST GROSS SALES PG 9 OF 990) 165,771. DIRECT EXPENSES FROM FUNDRAISING EVENTS (PG 9 OF 990) 134,137. RENTAL EXPENSES (PG 9 OF 990) 39,453. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 1,041,078. ROUNDING -20. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD (DEDUCTED AGAINST GROSS SALES PG 9 OF 990) 165,771. DIRECT EXPENSES FROM FUNDRAISING EVENTS (PG 9 OF 990) 134,137. RENTAL EXPENSES (PG 9 OF 990) 39,453. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 1,041,078. ROUNDING 1. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIAL NONDISCRIMINATORY POLICY IS PUBLISHED IN THE LOCAL JACKSON NEWSPAPER, THE CLARION LEDGER, AT LEAST QUARTERLY. ABWN 170590 170590 68103 3 54782 54782 66034 225372 225372 134137 134137 91235 X X X X X 0 0 0 0 0 0 0 0 0 PALMER KENNEDY HEAD OF SCHOOL 255806 0 0 0 0 0 30500 0 32558 0 318864 0 0 0 A MISSISSIPPI BUSINESS FINANCE CORPORATION 640679132 2017-05-05 15700000 TO RETIRE 2009 SERIES AND FINANCE CAPITAL PROJECTS 0 0 0 A 15700000 266866 2650000 13050000 2056 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 TRUSTMARK 30.000000000000 0 0 0 0 0 A 0 X 33423 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 BEGINNING AUGUST 1, 2009, THE ACADEMY DISCONTINUED ITS POLICY OF REFUNDING FAMILY MEMBERSHIPS. FAMILIES ARE NOW REQUIRED TO PURCHASE NON-REFUNDABLE FAMILY MEMBERSHIPS FOR $1,500 FOR CHILDREN ENTERING THE FIFTH GRADE. THE ACADEMY STILL HONORS THE TERMS OF THE OUTSTANDING REFUNDABLE MEMBERSHIPS ISSUED PRIOR TO AUGUST 1, 2009, INCLUDING THE RIGHT TO A REFUND OR TO A TRANSFER TO ANOTHER FAMILY. REPURCHASES OF MEMBERSHIPS ARE CHARGED TO NET ASSETS AS THE FUNDS ARE DISBURSED. FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL'S BYLAWS PRESCRIBE THE FOLLOWING REGARDING TRUSTEE SELECTION: "THE CHAIR OF THE CORPORATION SHALL APPOINT A TRUSTEES COMMITTEE CONSISTING OF THE CHAIR AND SIX ADDITIONAL MEMBERS OF THE CORPORATION, AT LEAST THREE OF WHOM SHALL NOT BE MEMBERS OF THE BOARD OF TRUSTEES. THE TRUSTEES COMMMITTEE SHALL SOLICIT RECOMMENDATIONS FROM THE CORPORATIONS MEMBERSHIP OF THE NAMES AND QUALIFICATIONS OF PERSONS WHO SHOULD BE CONSIDERED FOR NOMINATION TO THE BOARD OF TRUSTEES. THE TRUSTEES COMMITTEE SHALL ANNUALLY NOMINATE THE TWO PERSONS TO BE ELECTED TO SERVE ON THE BOARD OF TRUSTEES PURSUANT TO ARTICLE IV, SECTION 2(A). SUCH NOMINATIONS SHALL BE SUBMITTED TO THE BOARD OF TRUSTEES FOR ELECTION. NO PERSON SHALL BE ELECTED TO THE BOARD OF TRUSTEES UNLESS SUCH PERSON IS NOMINATED BY THE TRUSTEES COMMITTEE AND ELECTED BY THE BOARD OF TRUSTEES. IN THE EVENT THE BOARD OF TRUSTEES DOES NOT ELECT A NOMINEE SUBMITTED BY THE TRUSTEES COMMITTEE, THE TRUSTEES COMMITTEE SHALL PROMPTLY MEET AND SUBMIT AN ALTERNATIVE NOMINEE TO THE BOARD OF TRUSTEES." FORM 990, PART VI, SECTION A, LINE 7B ANY PROVISION OF THE SCHOOL'S BYLAWS RELATING TO THE NUMBER OF TRUSTEES, THE COMPOSITION OF THE BOARD OF TRUSTEES, THE TERM OF OFFICE OF TRUSTEES, OR THE METHOD OR WAY IN WHICH TRUSTEES ARE ELECTED OR SELECTED, MUST BE APPROVED BY TWO-THIRDS OF THE VOTES CAST AT A REGULAR OR SPECIAL MEETING OF THE CORPORATION'S MEMBERS. ANY OTHER AMENDMENT TO THE BYLAWS MAY BE APPROVED BY TWO-THIRDS VOTE OF THE BOARD OF TRUSTEES CAST AT A REGULAR OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE JACKSON ACADEMY FINANCE COMMITTEE REVIEWS THE 990 AND THE AUDITED FINANCIAL STATEMENTS FOR COMPLETENESS AND CORRECTNESS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES' CONFLICT OF INTEREST POLICY IS ANNUALLY DISTRIBUTED TO AND REVIEWED BY EACH BOARD MEMBER. THE PROCEDURAL REQUIREMENTS OF THE POLICY ARE FOLLOWED AT ANY BOARD MEETING WHERE APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, COMPRISED SOLELY OF INDEPENDENT BOARD MEMBERS, REVIEWED AND APPROVED THE CONTRACT AND COMPENSATION OF HEAD OF SCHOOL PALMER KENNEDY. THE COMMITTEE REVIEWED COMPARISON COMPENSATION DATA OF SCHOOLS IN THE JACKSON AREA AS WELL AS THROUGHOUT THE SOUTHEAST. THE COMPENSATION DATA WAS OBTAINED FROM THE SCHOOLS' FORM 990'S. THE COMMITTEE DOCUMENTED THIS PROCESS BY KEEPING DETAILED MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 20. 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.