2026-05-06T15:58:10-05:00 2025-06-30 721042866 KUSHNER LAGRAIZE LLC 3330 WEST ESPLANADE AVENUE STE 100 METAIRIE LA 70002 990 2024-07-01 473338093 ATHLOS ACADEMY OF JEFFERSON ATHL 5043225437 979 BEHRMAN HWY TERRYTOWN LA 70056 JANINE HOLMES BOARD CHAIR 5043225437 2026-05-06 1 0 MICHELLE B TRESCHWIG P02289745 5048389991 2024 2025-03-06 01:10:19Z JANINE HOLMES 979 BEHRMAN HWY TERRYTOWN LA 70056 16182756 0 X WWW.ATHLOSJP.ORG X 2016 LA THE MISSION OF ATHLOS ACADEMY OF JEFFERSON PARISH IS TO PROVIDE HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR THE WHOLE CHILD BUILT ON THE THREE FOUNDATIONAL PILLARS OF PREPARED MIND, HEALTHY BODY, AND PERFORMANCE CHARACTER. 9 9 153 0 0 0 18171386 15597722 82886 207520 90077 377514 1698257 0 20042606 16182756 0 0 0 0 7028721 6262277 0 0 0 10643314 9425504 17672035 15687781 2370571 494975 37083431 37481593 31009732 30912919 6073699 6568674 THE MISSION OF ATHLOS ACADEMY OF JEFFERSON PARISH IS TO PROVIDE HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR THE WHOLE CHILD BUILT ON THE THREE FOUNDATIONAL PILLARS OF PREPARED MIND, HEALTHY BODY, AND PERFORMANCE CHARACTER. 0 0 11154810 207520 OPERATION OF A TYPE 2 CHARTER SCHOOL SERVING KINDERGARTEN THROUGH EIGHTH GRADES. 11154810 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 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 0 0 0 0 1 26 0 153 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRIS BROOKS 5042902510 979 BEHRMAN HWY TERRYTOWN LA 70056 JANINE HOLMES BOARD CHAIR 1.00 X X 0 0 0 VASY MCCOY VICE CHAIR 1.00 X X 0 0 0 NAKEVEYA ANTHONY TREASURER 1.00 X X 0 0 0 TIFFANY BURNS SECRETARY 1.00 X X 0 0 0 PHILLIP BOUTTE BOARD MEMBER 1.00 X 0 0 0 ANDRES ACUNA BOARD MEMBER 1.00 X 0 0 0 MIKE CAPAROTTA BOARD MEMBER 1.00 X 0 0 0 JADA WASHINGTON BOARD MEMBER 1.00 X 0 0 0 JAQUETTA WRIGHT BOARD MEMBER 1.00 X 0 0 0 CHERYL MARTIN PRINCIPAL (FORMER) 40.00 X 0 0 0 0 0 0 0 0 0 0 SCHOOL MODEL SUPPORT LLC 918 W IDAHO ST BOISE ID 83702 MANAGEMENT SERVICES 2365096 TRANSLINE LOUISIANA LLC VETERANS BLVD STE 363 METAIRIE LA 70002 TRANSPORTATION SERVICES 861514 LEADING SOURCE TRANSPORTATION AND CONSUL 4428 LONGFELLOW DRIVE NEW ORLEANS LA 70127 TRANSPORTATION AND CONSULTING 630830 RJ JEFFERSON PARISH 918 W IDAHO ST BOISE ID 83702 RENTAL 290418 RMS SERVICES LLC 3516 HESSMER AVENUE METAIRIE LA 70002 TRANSPORTATION SERVICES 162467 5 15597722 15597722 STUDENT PROGRAM INCOME 611110 207520 207520 207520 377514 377514 16182756 585034 0 0 X 5363493 4648892 714601 430449 357140 73309 468335 416128 52207 2501 2501 132583 132583 2612005 466980 2145025 518517 74435 444082 1879 1879 2391513 2152362 239151 894855 805370 89485 457132 457132 STUDENT TRANSPORTATION 1378606 1378606 FOOD SERVICE MANAGEMENT 669459 669459 MATERIALS AND SUPPLIES 237259 76506 160753 TEXTBOOKS AND WORKBOOKS 108932 108932 20263 20263 15687781 11154810 4532971 0 6109933 7027238 555167 327347 8083 277506 188382 28056809 1098311 27244798 26958498 2879016 2955034 17011 17011 37083431 37481593 861670 795196 50660 31630000 31630000 485000 275000 -1966938 -1837937 31009732 30912919 X 6073699 6568674 6073699 6568674 37083431 37481593 494975 0 X 0 1 X 1 1 1 X 1648063 1648063 25852692 1046419 24806273 273301 10495 262806 282753 41397 241356 26958498 RESTRICTED CASH 2955034 C 2955034 UNAMORTIZED DEBT ISSUANCE COSTS -941634 UNAMORTIZED DISCOUNT -896303 -1837937 X 16182756 0 16182756 0 16182756 15687781 0 15687781 0 15687781 PART X, LINE 2: THE ORGANIZATION HAS RECEIVED A TAX-EXEMPT RULING UNDER SECTION 501(C)(3) FROM THE INTERNAL REVENUE SERVICE, AND ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAX UNLESS THE SCHOOL HAS UNRELATED TRADE OR BUSINESS INCOME. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH ALL OF ITS STUDENT RECRUITMENT EFFORTS AND MAKES CLEAR ITS BELIEF IN OFFERING EQUAL ACCESS TO ALL STUDENTS. THE POLICY IS FURTHER COMMUNICATED THROUGH THE REGISTRATION PERIOD BY DISTRIBUTION OF OUR STUDENT AND FAMILY HANDBOOK WHICH CONTAINS THE NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FUNDING VIA THE MINIMUM FOUNDATION PROGRAM AND OTHER FEDERAL GRANT PROGRAMS INCLUDING TITLE I, IDEA, AND CHILD NUTRITION PROGRAMS. A LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546399SD9 2024-02-01 15630000 FACILITY ACQUISITION 0 0 0 B LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546399SE7 2024-02-01 16000000 FACILITY ACQUISITION 0 0 0 A 15162680 1267778 303155 13589529 2218 2024 0 0 1 1 B 15521617 1297789 310331 13911226 2271 2024 0 0 1 1 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 3 ATHLOS ACADEMY OF JEFFERSON IS A PART OF THE ATHLOS EDUCATION MANAGEMENT COMPANY. THE MANAGEMENT COMPANY, SCHOOL MODEL SUPPORT DBA ATHLOS ACADEMIES, PROVIDES EDUCATIONAL, MANAGEMENT, AND SUPPORT SERVICES THAT ARE PAID FOR THROUGH MANAGEMENT FEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MEET REGULARLY THROUGHOUT THE YEAR. ANY CONFLICTS OF INTEREST THAT HAVE BEEN DISCLOSED TO THE BOARD OR MAY ARISE DURING THE YEAR ARE DISCUSSED DURING THESE MEETINGS IN ORDER TO ENSURE COMPLIANCE WITH THESE POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS & CONFLICT OF INTEREST POLICY AVAILABLE VIA THE ORGANIZATION'S WEBSITE. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE VIA THE LOUISIANA LEGISLATIVE AUDITOR'S WEBSITE. FORM 990, PART IX, LINE 11G EDUCATIONAL SERVICES: PROGRAM SERVICE EXPENSES 72,566. MANAGEMENT AND GENERAL EXPENSES 1,941,722. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,014,288. TECHNICAL SERVICES: PROGRAM SERVICE EXPENSES 394,414. MANAGEMENT AND GENERAL EXPENSES 201,645. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 596,059. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,658. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,658. FORM 990, PART VI, SUPPLEMENTAL INFORMATION GOING CONCERN THE ACADEMY OPERATES UNDER A CHARTER AGREEMENT WITH THE LOUISIANA BOARD OF ELEMENTARY AND SECONDARY EDUCATION (BESE) THAT IS SCHEDULED TO EXPIRE ON JUNE 30, 2026. ON DECEMBER 19, 2025, SUBSEQUENT TO THE YEAR ENDED JUNE 30, 2025, THE ACADEMY'S BOARD OF DIRECTORS VOTED TO WITHDRAW THE ACADEMY'S CHARTER RENEWAL APPLICATION. AS A RESULT OF THE WITHDRAWAL AND ABSENT AN APPROVED RENEWAL OR OTHER AUTHORIZATION, THE ACADEMY EXPECTS TO CEASE OPERATIONS EFFECTIVE JUNE 30, 2026. THE ACADEMY'S INDEPENDENT AUDITORS' REPORT DATED DECEMBER 23, 2025, ISSUED BY KUSHNER LAGRAIZE, LLC, INCLUDES AN EMPHASIS-OF-MATTER PARAGRAPH REGARDING SUBSTANTIAL DOUBT ABOUT THE ACADEMY'S ABILITY TO CONTINUE AS A GOING CONCERN WITHIN ONE YEAR AFTER THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED. THE AUDIT OPINION IS UNMODIFIED. THE ACADEMY HAS OUTSTANDING REVENUE BONDS (SERIES 2024A AND 2024B) WITH A TOTAL PRINCIPAL BALANCE OF $31,905,000 AS OF JUNE 30, 2025, SECURED BY A FIRST MORTGAGE LIEN ON THE SCHOOL FACILITY. MANAGEMENT HAS INDICATED THAT THE PLANNED CESSATION OF OPERATIONS COULD RESULT IN A DEFAULT ON THE OUTSTANDING BOND OBLIGATIONS. UPON DEFAULT, THE SCHOOL FACILITY WOULD BE TRANSFERRED TO THE BOND TRUSTEE FOR DISPOSITION, WITH PROCEEDS USED TO SATISFY BONDHOLDER CLAIMS. AS OF THE DATE OF THE AUDITORS' REPORT, THE EXACT TIMING AND FINANCIAL EFFECTS OF A POTENTIAL DEFAULT AND RELATED DISPOSITION HAVE NOT BEEN DETERMINED. MANAGEMENT'S PLANS INCLUDE CONTINUING OPERATIONS THROUGH THE END OF THE CHARTER TERM UNDER BOARD OVERSIGHT, MONITORING CASH FLOWS, AND WORKING WITH LEGAL COUNSEL AND THE BOND TRUSTEE REGARDING REQUIRED NOTICES AND CONTINGENCY PLANNING TO SUPPORT AN ORDERLY WIND-DOWN OF OPERATIONS. FORM 990, PART III, LINE 3 IN CONNECTION WITH THE BOARD OF DIRECTORS' DECEMBER 19, 2025 DECISION TO WITHDRAW THE CHARTER RENEWAL APPLICATION, THE ACADEMY ANTICIPATES CEASING ALL EDUCATIONAL PROGRAM SERVICES EFFECTIVE JUNE 30, 2026, WHEN THE CURRENT CHARTER CONTRACT EXPIRES. THE ACADEMY IS COORDINATING WITH THE LOUISIANA DEPARTMENT OF EDUCATION TO ENSURE AN ORDERLY TRANSITION FOR STUDENTS AND FAMILIES.