2024-05-14T14:56:29-05:00 2022-06-30 570735924 ROBINSON GRANT & CO PA POST OFFICE BOX 1406 BEAUFORT SC 29901 990 2021-07-01 570474292 THE BEAUFORT ACADEMY INC BEAU 8435243393 240 SAMS POINT ROAD BEAUFORT SC 29907 KATIE HUEBEL PRESIDENT 8435243393 2024-05-10 1 KATIE HUEBEL 999009999 KENDALL F ERICKSON CPA P00287081 8435243003 2024-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X PATRICK MITCHELL 240 SAMS POINT ROAD BEAUFORT SC 29907 5248825 0 X WWW.BEAUFORTACADEMY.ORG X 1965 SC THE ACADEMY IS A PRIVATE COEDUCATIONAL INDEPENDENT COLLEGE PREPARATORY SCHOOL WITH PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 11 11 95 25 0 0 146913 141117 4354845 4505781 1237 -129 728713 576718 5231708 5223487 1466505 1477299 0 0 2445393 2679935 0 0 0 1059449 1064209 4971347 5221443 260361 2044 5111720 4395636 4099269 3381141 1012451 1014495 X THE ACADEMY IS A PRIVATE COEDUCATIONAL INDEPENDENT COLLEGE PREPARATORY SCHOOL WITH PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 0 0 4155294 1477299 5010700 EDUCATIONAL INSTITUTION PROVIDING EDUCATIONAL SERVICE TO GENERALPUBLIC FOR A FEE, GRADES K-2 THROUGH 12 (APPROX. 342 STUDENTS)INCLUDING MUSIC, ART, ATHLETICS & COMPUTERS. 4155294 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 95 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 SC X TRACY CAMPBELL DOLIN CFO 8435243393 240 SAMS POINT ROAD BEAUFORT SC 29902 SALLY DENNIS SECRETARY 2.00 X X 0 0 0 HOPE FREEMAN TRUSTEE 2.00 X 0 0 0 PHILIP LYNN TREASURER 2.00 X X 0 0 0 MARY LOHR VICE-PRESIDENT 2.00 X X 0 0 0 KATIE HUEBEL PRESIDENT 2.00 X X 0 0 0 ANNE LAMM TRUSTEE 2.00 X 0 0 0 PATRICK MITCHELL TRUSTEE 2.00 X 0 0 0 JEFF HIERS TRUSTEE 2.00 X 0 0 0 GARY VAN GYSEL TRUSTEE 2.00 X 0 0 0 WARREN RICHARDS TRUSTEE 2.00 X 0 0 0 DAVID WILLINGHA TRUSTEE 2.00 X 0 0 0 DAN DURBIN HEAD OF SCHOOL 40.00 X 100500 0 0 100500 0 0 1 0 0 0 0 X 141117 141117 TUITION & FEES 611110 4168557 4168557 AUXILARY PROGRAMS 611110 171134 171134 CAPITAL ASSESSMENT FEE 611110 135200 135200 STUDENT ACTIVITIES 611110 30890 30890 4505781 -129 -129 3645 0 3645 3645 3645 97137 25338 71799 71799 PPP LOAN FORGIVENESS I 611110 394582 394582 FOOD SERVICE 611110 165334 165334 OTHER 611110 2551 2551 -61193 -61193 501274 5223487 5010700 0 71670 X 1477299 1477299 100500 100500 1999508 1533873 465635 307652 230739 76913 272275 204206 68069 14096 14096 2305 2305 42143 42143 75280 67752 7528 56874 51187 5687 140919 126827 14092 81788 73609 8179 ADMIN & GENERAL 261002 261002 ACADEMIC PROGRAMS 188097 188097 AUXILARY PROGRAMS 111207 111207 STUDENT ACTIVITIES 90498 90498 5221443 4155294 1066149 0 X 802860 246916 132602 25668 -3226 625596 742548 15173 15173 28013 25775 6481406 3582404 3037869 2899002 1097 965 374416 309221 7320 7320 86774 126274 5111720 4395636 113276 54906 1467181 1508200 885095 678167 1574408 1101995 59309 37873 4099269 3381141 X 638035 705274 374416 309221 1012451 1014495 5111720 4395636 X 2044 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 374416 -65195 309221 277671 96745 374416 653607 24984 400920 277671 609387 44220 653607 551002 58385 609387 1.00000 0 0 46830 46830 3942514 1853922 2088592 882196 789430 92766 1609866 939052 670814 2899002 STAR FUND FMV 132937 F TOTAL STOCK MKT IDX ADM FMV 176284 F 309221 SCHOLARSHIP PAYABLE 37873 37873 PART V, LINE 4: A PORTION OF THE EARNINGS FROM THE ENDOWMENT FUNDS IS USED TO SUPPORT FINANCIAL ASSISTANCE FOR STUDENTS, AS WELL AS EDUCATIONAL TRAVEL FOR FACULTY AND STUDENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SHAMROCK SHAKEDOWN 64549 64549 6344 EGG DROP INCOME 25460 25460 18994 1 7128 7128 97137 97137 25338 25338 71799 1 FINANCIAL AID 138 1477299 PART I, LINE 2: ALL GRANTS ARE ONE-TIME PAYMENTS TO ASSIST THE RECIPIENT IN FURTHERING THEIR EDUCATION. PAYMENTS ARE APPLIED DIRECTLY TO THE STUDENT'S IN-HOUSE ACCOUNT, OR PAID BY CHECK FROM BEAUFORT ACADEMY DIRECTLY TO THE EDUCATIONAL INSTITUTION OR PROGRAM. CECIL MITCHELL BOARD TRUSTEE TO ASSIST WITH REFINANCE CLOSING X 140000 2030 0 1 0 JEFF HIERS BOARD TRUSTEE TO ASSIST WITH REFINANCE CLOSING X 140000 84530 0 1 0 CHILTON SIMMONS BOARD TRUSTEE TO ASSIST WITH REFINANCE CLOSING X 150000 41363 0 1 0 GARY VAN GYSEL SCHOOL SUPPORTER TO ASSIST WITH REFINANCE CLOSING X 100000 100000 0 1 0 WILLIAM KEYSERLING SCHOOL SUPPORTER FOR OPERATING PURPOSES X 200000 200000 0 1 0 PHILLIP LYNN BOARD TRUSTEE FOR OPERATING PURPOSES X 80000 50049 0 1 1 J SCOTT HUEBEL SR SCHOOL SUPPORTER FOR OPERATING PURPOSES X 80000 50049 0 1 1 JEFF HIERS BOARD TRUSTEE FOR OPERATING PURPOSES X 80000 50049 0 1 1 EUGENE GRACE SCHOOL SUPPORTER FOR OPERATING PURPOSES X 80000 50049 0 1 1 CECIL MITCHELL BOARD TRUSTEE FOR OPERATING PURPOSES X 80000 50048 0 1 1 678167 FORM 990, PART I, LINE 12 - TOTAL REVENUE TOTAL REVENUE IS UPDATED FROM $5,353,337 TO $ 5,223,487 DUE TO CHANGE IN ALLOCATION OF INCOME AND ADJUSTMENTS TO INCOME STATEMENT AFTER PERFORMING A REVIEW. FORM 990, PART I, LINE 17 - TOTAL EXPENSES TOTAL EXPENSES ARE UPDATED FROM $5,298,633 TO $5,221,443 AFTER ALLOCATION OF FUNCTIONAL EXPENSES IN CORRECT ACCOUNT. FORM 990, PART I, LINE 19 - REVENUE LESS EXPENSES TOTAL REVENUE IS UPDATED FROM $54,704 TO $2,044 AFTER ALLOCATION OF INCOME AND EXPENSES IN CORRECT ACCOUNT. REVIEWED FINANCIAL STATEMENT WERE USED. FORM 990, PART I, LINE 20, 21, AND 22 BEGINNING OF CURRENT YEAR AND END OF YEAR ASSETS, LIABILITIES AND NET ASSETS ARE UPDATED FORM REVIEWED FINANACIAL STATEMENTS. FORM 990, PART III, LINE 4A PROGRAM SERVICE REVENUE, EXPENSES, AND GRANTS WERE UPDATED DUE TO CHANGE IN ALLOCATION OF INCOME AND EXPENSES AFTER PERFORMING A REVIEW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 (INCLUDING REQUIRED SCHEDULES) WAS REVIEWED BY THE FINANCE DIRECTOR OF THE ACADEMY AND ANY CHANGES AND/OR CORRECTIONS WERE MADE BY THE CPA PREPARING IT BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO SIGN THE ACADEMY'S CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS AND HEAD OF SCHOOL SET GOALS AND OBJECTIVES AT THE BEGINNING OF THE SCHOOL YEAR. AT THE END OF THE CONTRACT YEAR FOR THE HEAD OF SCHOOL, THEY MEET AGAIN AND EVALUATE HOW WELL THE GOALS WERE MET AND ADJUST COMPENSATION FOR THE HEAD OF SCHOOL ACCORDINGLY, GIVEN THE AVAILABLE RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL INFORMATION AND GOVERNING DOCUMENTS ARE AVAILABLE AT THE SCHOOL UPON REQUEST. FORM 990, PART VIII - COMPENSATION OF OFFCIERS, DIRECTORS, TRUSTEES, ETC. LIST OF TRUSTEES WAS UPDATED ONCE WE RECEIVED THE CORRECT LIST. FORM 990, PART VIII - STATEMENT OF REVENUE STATEMENT OF REVENUE WAS UPDATED DUE TO CHANGE IN ALLOCATION OF INCOME AFTER PERFORMING A REVIEW. FORM 990, PART IX - STATEMENT OF FUNCTIONAL EXPENSE STATEMENT OF FUNCTIONAL EXPENSEIS UPDATED AFTER REVIEW. TOTAL EXPENSES WERE ALLOCATED TO PROGRAM SERVICE EXPENSES, MANGMENT AND GENERAL, AND FUNDRAISING. FORM 990, PART X - BALANCE SHEET BALANCE SHEET IS UPDATED AFTER PERFORMING A REVIEW. SOME ADJUSTMENTS WRRE MADE TO ASSTES AND LIABILITIES ACCOUNT TO AGREE WITH REVIEWED FINANCIAL STATEMENT. FORM 990, PART XI - RECON OF NET ASSETS RECONCILIATION OF NET ASSESTS WAS UPDATED SINCE INCOME AND EXPENSES ACCOUNTS HAD CHANGE IN ALLOCATION AFTER PERFORMING A REVIEW. FORM 990, PART X, LINE 12, INVESTMENTS - OTHER SECURITIES VANGUARD - STAR FUND - FMV 132,937 VANGUARD - TOTAL STOCK MKT IDX ADM - FMV 176,284 _________ TOTAL 309,221 FORM 990, ITEM - G GROSS RECEIPTS TOTAL GROSS RECEIPTS CHANGED FROM $5,378,789 TO $5,248,825 DUE TO ALLOCATION OF INCOME IN CORRECT ACCOUNT AND ADJUSTMENTS TO INCOME STATEMENT ACCOUNTS. FORM 990, SCHEDULE D, PART V - ENDOWMENT FUNDS ENDOWMENT FUNDS WERE UPDATED BASED ON FAIR MARKET VALUE AT 06/30/22. FORM 990, SCHEDULE D, PART VIII - INVESTMENTS - OTHER SECURITIES THIS SECTION WAS UPDATED WITH FAIR MARKET VALUE AT 06/30/22. FORM 990, SCHEDULE D, PART X- OTHER LIABILITIES OTHER LIABILITES SECTION WAS UPDATED DUE TO CHANGE IN LIABILITES SECTION AFTER REVIEW WAS PERFORMED. FORM 990, SCHEDULE G, PART II - FUNDRAISING EVENTS CHANGES WERE MADE IN ALLOCATION OF INCOEM AND EXPENSES RELATED TO FUNDRAISING AFTER PERFORMING A FINANCIAL STATMENTS REVIEW. FORM 990, SCHEDULE I, PART III - GRANTS AND OTHER ASSISTANCE TO DOMESTIC IN TOTAL AMOUNTS OF CASH GRANTS WERE UPDATED AFTER PERMORMIG A REVIEW OF FINANCIAL STATMENT REVIEW. FORM 990, SCHEDULE L , PART II - LOANS TO AND/OR FROM INTERESTED PERSONS BALANCE DUE AMOUNTS FOR 5 STAKEHOLDERS WERE UPDATED AFTER FYE 06/30/2022 LOAN STATEMENTS WAS RECEIVED.