2024-12-19T11:35:22-06:00 2024-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-07-01 221969866 LAKELAND-ANDOVER SCHOOL LAKE 9733830208 20 JEFFERSON STREET NEWTON NJ 07860 GARY DEFOE EXECUTIVE DIRECTOR 9733830208 2024-12-17 1 0 CHRIS PERROTTA CPA P01450368 9733281825 2024-12-17 2023 2024-10-15 13:58:12Z GARY DEFOE PO BOX 200 LAFAYETTE NJ 07848 1892845 0 X HTTP://LAKELANDANDOVERSCHOOL.ORG/ X 1972 NJ LAKELAND ANDOVER SCHOOL RESPECTS THAT EACH STUDENT IS AN INDIVIDUAL WITH UNIQUE TALENTS AND ABILITIES WHO CAN BENEFIT FROM AND ENJOY A STIMULATING EDUCATIONAL PROGRAM DESIGNED SPECIFICALLY TO MEET HIS OR HER NEEDS. THEREFORE, THE SCHOOL STRIVES TO PROVIDE QUALITY INDIVIDUALIZED EDUCATION PLANS TO STUDENTS IN A CARING, CREATIVE ENVIRONMENT, WHILE FACILITATING THE SOCIAL, EMOTIONAL, PHYSICAL, BEHAVIORAL, AND INTELLECTUAL DEVELOPMENT OF EACH STUDENT. 9 8 27 8 0 0 89600 90756 1800873 1777418 0 10893 0 0 1890473 1879067 0 0 0 0 1312729 1361485 0 0 0 530436 521066 1843165 1882551 47308 -3484 866958 1382337 584907 1103770 282051 278567 X LAKELAND ANDOVER SCHOOL RESPECTS THAT EACH STUDENT IS AN INDIVIDUAL WITH UNIQUE TALENTS AND ABILITIES WHO CAN BENEFIT FROM AND ENJOY A STIMULATING EDUCATIONAL PROGRAM DESIGNED SPECIFICALLY TO MEET HIS OR HER NEEDS. THEREFORE, THE SCHOOL STRIVES TO PROVIDE QUALITY INDIVIDUALIZED EDUCATION PLANS TO STUDENTS IN A CARING, CREATIVE ENVIRONMENT, WHILE FACILITATING THE SOCIAL, EMOTIONAL, PHYSICAL, BEHAVIORAL, AND INTELLECTUAL DEVELOPMENT OF EACH STUDENT. 0 0 1713307 1777418 SPECIAL EDUCATION PROGRAM FOR 6TH - 12TH GRADERS WITH EMOTIONAL AND BEHAVIORAL CHALLENGES. 1713307 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 16 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARY DEFOE 9733830208 20 JEFFERSON STREET NEWTON NJ 07860 GARY DEFOE PRINCIPAL 40.00 X X 184500 0 34664 JOE GALLINI TRUSTEE 1.00 X 0 0 0 EARLE WALLO SECRETARY 1.00 X X 0 0 0 CHRISTA GRABACK-WALLO TRUSTEE 1.00 X 0 0 0 JIM STORMS TRUSTEE 1.00 X 0 0 0 KEVIN EBNER TRUSTEE 1.00 X 0 0 0 TODD BORTEL TRUSTEE 1.00 X 0 0 0 MARK GARCIA TRUSTEE 1.00 X 0 0 0 BRAD TREACY PRESIDENT 1.00 X X 0 0 0 184500 0 34664 1 0 1 0 PARVAN TRANSPORT LLC 15 GREEN FARM ROAD ANDOVER NJ 07821 128000 1 5876 84880 90756 TUITION 611000 1777418 1777418 1777418 10893 10893 13778 5876 13778 0 1879067 1777418 0 10893 X 226664 169998 56666 969385 947607 21778 52606 51685 921 24472 22887 1585 88358 83141 5217 251630 228593 23037 240 240 41571 38675 2896 170866 128151 42715 5554 4166 1388 2488 1866 622 17814 13361 4453 MISCELLANEOUS 30903 23177 7726 1882551 1713307 169244 0 492711 308896 188958 414571 11167 13577 121987 106876 10303 15111 163819 630182 866958 1382337 115940 128671 285934 331985 183033 643114 584907 1103770 X 282051 278567 282051 278567 866958 1382337 -3484 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12440 12440 0 109547 94436 15111 15111 OPERATING LEASE 630182 630182 LOAN PAYABLE - EIDL 6107 OPERATING LEASE - SHORT TERM 165452 OPERATING LEASE - LONG TERM 468321 LOAN PAYABLE - NAVITAS 3234 643114 X 1881952 13778 13778 1868174 10893 10893 1879067 1896329 13778 13778 1882551 0 1882551 PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("I.R.C.") AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE I.R.C. THE SCHOOL IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FURTHERMORE, THE SCHOOL IS EXEMPT FROM FILING WITH THE NEW JERSEY DIVISION OF CONSUMER AFFAIRS, CHARITABLE REGISTRATION, STATE OF NEW JERSEY, AND AS SUCH, DOES NOT FILE. THE SCHOOL ADHERES TO FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES GUIDANCE AND CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES,DISCLOSURE AND TRANSITION. FOR THE YEAR ENDED JUNE 30, 2024, THE SCHOOL HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS. THE SCHOOL FILES AN INFORMATIONAL TAX RETURN IN THE UNITED STATES FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY SUBJECT TO TAX EXAMINATIONS FOR THREE YEARS SINCE THE DATE OF ITS LATEST FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 13,778. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME 10,893. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 13,778. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED ANNUALLY IN LOCAL NEWSPAPER SCHEDULE E, PART I, LINE 4 4B. NO FINANCIAL ASSISTANCE AWARDED, ALL FUNDING IS RECEIVED FROM PUBLIC SCHOOL SENDING DISTRICTS ON A CONTRACTED BASIS. GOLF OUTING 19654 5876 13778 13778 19654 5876 13778 13778 13778 0 X X 0 0 0 0 0 0 0 0 0 GARY DEFOE PRINCIPAL 184500 0 0 0 0 0 33285 0 1379 0 219164 0 0 0 PARVAN TRANSPORT LLC OWNED 100% BY THE EXECUTIVE DIRECTOR & PRINCIPAL OF THE SCHOOL 135000 ANNUAL TRANSPORTATION SERVICES FOR STUDENTS. 0 FORM 990, PART VI, SECTION A, LINE 2 CHRISTA GRABACK-WALLO AND EARLE WALLO ARE RELATED THROUGH MARRIAGE. FORM 990, PART VI, SECTION B, LINE 11B LAKELAND-ANDOVER SCHOOL 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. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C LAKELAND-ANDOVER SCHOOL CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY SIGN A CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 LAKELAND-ANDOVER SCHOOL, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 20 JEFFERSON STREET NEWTON, NJ 07860. IN ADDITION, FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 20 JEFFERSON STREET NEWTON, NJ 07860. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES & CONSULTANTS AND CONTRACTORS: PROGRAM SERVICE EXPENSES 228,593. MANAGEMENT AND GENERAL EXPENSES 23,037. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 251,630. FORM 990 PART XII LINE 2C THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.