2024-05-14T13:04:30-05:00 2023-06-30 610484308 WELENKEN CPAS 730 WEST MARKET STREET LOUISVILLE KY 402022757 990 2022-07-01 237066205 PITT ACADEMY INC PITT 5029666979 7515 WESTPORT ROAD LOUISVILLE KY 40222 DAN MOYERS TREASURER 5029666979 2024-05-10 1 DAN MOYERS 999009999 0 WILLIAM AMSHOFF CPA P01265130 5025853251 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PITT ACADEMY KEVIN MASSEY 7515 WESTPORT ROAD LOUISVILLE KY 40222 1420436 0 X WWW.PITT.COM X 1949 KY PROVIDE A SAFE, SUPPORTIVE LEARNING ENVIRONMENT TO CHILDREN WITH LEARNING DIFFERENCES. 14 14 23 17 0 0 111094 125193 1028550 1202540 593 2160 34802 61740 1175039 1391633 109416 124238 0 0 949038 1016298 0 0 4450 316478 300183 1374932 1440719 -199893 -49086 2230806 2186441 61607 64533 2169199 2121908 X PITT ACADEMY PROVIDES A SAFE, SUPPORTIVE, INNOVATIVE LEARNING ENVIRONMENT WHERE CHILDREN WITH A BROAD SPECTRUM OF LEARNING AND COMMUNICATION DISABILITIES CAN REACH THEIR OWN ACADEMIC, CREATIVE AND SOCIAL POTENTIAL. PITT STRIVES TO PREPARE EACH STUDENT TO BECOME INDEPENDENT AND TO LIVE WITH AS MUCH SUCCESS AS POSSIBLE IN THE LEAST RESTRICTIVE ENVIRONMENT CONSISTENT WITH HIS/HER INTELLECTUAL AND SOCIAL DEVELOPMENTAL NEEDS. 0 0 1206012 124238 1233917 TO PROVIDE A SCHOOL TO EDUCATE MENTALLY HANDICAPPED CHILDREN. 1206012 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 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 0 0 0 1 0 0 23 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 KY X PITT ACADEMY 5029666979 7515 WESTPORT RD LOUISVILLE KY 40222 STEVE DEGARIS DIRECTOR 5.00 X 0 0 0 KEVIN MASSEY PRESIDENT 4.00 X X 0 0 0 JIM MCDONNELL VICE PRESIDENT 4.00 X X 0 0 0 HARRIET BLANKENSHIP SECRETARY 4.00 X X 0 0 0 SISTER BARBARA BIR DIRECTOR 2.00 X 0 0 0 VICTORIA MONDAY DIRECTOR 2.00 X 0 0 0 RON HOHMANN DIRECTOR 2.00 X 0 0 0 KAREN KIRCHDORFER DIRECTOR 2.00 X 0 0 0 ROB SENG DIRECTOR 2.00 X 0 0 0 LAURA WATHEN DIRECTOR 2.00 X 0 0 0 TOM LARIMORE DIRECTOR 2.00 X 0 0 0 DAN MOYERS TREASURER 4.00 X X 0 0 0 SCOTT SMITH DIRECTOR 2.00 X 0 0 0 RENEE DOTY PRINCIPAL 45.00 X 88822 0 3553 88822 0 3553 0 0 0 0 0 31030 94163 125193 TUITION AND FEES 611600 1181008 1181008 CAFETERIA INCOME 611600 21532 21532 1202540 2160 2160 59166 31030 28803 30363 30363 MISCELLANEOUS REVENUE 611600 31377 31377 31377 1391633 1233917 0 32523 124238 124238 92376 46188 46188 806781 711983 94798 47892 41081 6811 69249 58466 10783 23756 23756 4450 4450 24376 24376 82114 72463 9651 206 206 70210 60381 9829 32476 28617 3859 CAFETERIA EXPENSE 22281 22281 SCHOOL PROGRAM EXPENSES 21979 21979 PROGRAM SUPPLIES 18335 18335 1440719 1206012 230257 4450 573154 449488 206308 0 0 10325 15407 4003 2362900 849023 1435717 1513877 0 208528 220 220 2230806 2186441 7357 17633 54250 46900 61607 64533 X 2134199 2066583 35000 55325 2169199 2121908 2230806 2186441 -49086 1795 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140000 140000 1629267 315463 1313804 493668 467570 26098 99965 65990 33975 1513877 X 1269190 1795 1795 1267395 124238 124238 1391633 1316481 0 1316481 124238 124238 1440719 PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE ACADEMY IS A TAX EXEMPT NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC 740-10 WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. THE ACADEMY'S FEDERAL FORMS 990 ARE GENERALLY OPEN TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE - GRANTS TO INDIVIDUALS 124,238. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE - GRANTS TO INDIVIDUALS 124,238. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PITT ACADEMY IS A SMALL SCHOOL SERVING THE NEEDS OF CHILDREN WITH LEARNING AND MENTAL DISABILITIES. PITT ACADEMY DOES NOT USE NEWSPAPER OR BROADCAST MEDIA TO RECRUIT STUDENTS. THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN BROCHURES DISTRIBUTED ABOUT THE SCHOOL AND INCLUDED ON THE WEBSITE UNDER PROGRAM ELIGIBILITY. GOLF SCRAMBLE 80078 31030 49048 26180 OTHER EVENTS 10118 10118 2623 90196 31030 59166 28803 28803 30363 KY 1 0 0 0 0 0 1 TUITION DISCOUNTS AND ASSISTANCE 23 124238 FAIR MARKET VALUE SCHOOL TUITION DISCOUNTS AND ASSISTANCE AWARDED TO STUDENTS PART I, LINE 2: THE APPLICATION FOR FINANCIAL ASSISTANCE IS AVAILABLE TO FAMILIES AT OPEN HOUSE IN FEBRUARY. THE APPLICATION REQUIRES TAX INFORMATION AS WELL AS A LETTER OF CIRCUMSTANCE. FUNDING FOR FINANCIAL ASSISTANCE CAME FROM A COMBINATION OF TUITION ASSISTANCE AND SCHOLARSHIPS FROM PITT ACCADEMY, 3RD PARTY ORGANIZATIONS AND INDIVIDUALS. APPLICATIONS ARE RETURNED TO THE ADMINISTRATIVE ASSISTANT AND TIME STAMPED. THEY ARE THEN LOCKED IN A FILE UNTIL DEADLINE FOR SUBMISSION. THE BOARD PRESIDENT AND THE PRINCIPAL SCHEDULE A MEETING TO REVIEW THE COMPLETED FINANCIAL ASSISTANCE APPLICATIONS. ALLOCATIONS OF ALL FUNDS ARE AWARDED BASED ON FINANCIAL NEED, CIRCUMSTANCE, AND DATE OF SUBMISSION. THE BOARD PRESIDENT AND THE PRINCIPAL ATTEMPT TO ALLOCATE FUNDS TO EACH APPLICANT ACCORDING TO TAX INFORMATION AND CIRCUMSTANCE. THE ADMINISTRATIVE ASSISTANT THEN NOTIFIES FAMILIES THAT HAVE BEEN AWARDED FINANCIAL ASSISTANCE IN WRITING. THE FAMILIES ARE ASKED TO SIGN AN ACCEPTANCE LETTER AND RETURN IT TO THE OFFICE. THE BOOKKEEPER THEN TRACKS THE ASSISTANCE GIVEN AND APPLIES IT TOWARD THE TOTAL TUITION AT THE BEGINNING OF THE SCHOOL YEAR. IF FOR SOME REASON THE STUDENT WITHDRAWS BEFORE THE SCHOOL YEAR IS OVER, THE ASSISTANCE IS PRORATED. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE 990 ARE PROVIDED TO THE FINANCE AND EXECUTIVE COMMITTEES FOR REVIEW. QUESTIONS ARE DIRECTED TO THE TREASURER AND BOOKKEEPER. FORM 990, PART VI, SECTION B, LINE 12C THE FINANCE COMMITTEE AND/OR PRESIDENT REVIEW AND APPROVE ALL CONTRACTS FOR COMPLIANCE WITH THE BOARD POLICY ON CONFLICTS OF INTEREST. THE FINANCE COMMITTEE CHAIR REVIEWS ALL EXPENDITURES ON A MONTHLY BASIS TO ENSURE COMPLIANCE WITH THE BOARD APPROVED POLICY. FORM 990, PART VI, SECTION B, LINE 15 PITT ACADEMY FOLLOWS THE PAY SCALE GUIDELINES DEVELOPED BY THE ARCHDIOCESE OF LOUISVILLE TO DETERMINE APPROPRIATE PAY FOR TEACHERS, PRINCIPAL, AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL INFORMATION IS PRESENTED TO PARENTS AT THE ANNUAL MEETING. GOVERNING DOCUMENTS AND FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST BY CONTACTING THE SCHOOL OFFICE. PART XII, LINE 2(C) THE FINANCE COMMITTEE AND EXECUTIVE BOARD ARE RESPONSIBLE FOR OVERSIGHT OF THE ANNUAL AUDIT.