2024-05-15T10:37:51-05:00 2023-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2022-07-01 208920342 THALES ACADEMY THAL 9194536415 4641 PARAGON PARK ROAD RALEIGH NC 27616 WILLIAM H FRANCIS JR SECRETARY-TREASURER 9194536415 2024-05-15 1 WILLIAM FRANCIS JR 999009999 0 DAWN O WHITT P02352669 9197878212 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM H FRANCIS JR 4641 PARAGON PARK ROAD RALEIGH NC 27616 98304122 0 X WWW.THALESACADEMY.ORG X 2007 NC THALES ACADEMY IS AN INDEPENDENT SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN TO TWELFTH GRADE. 4 4 750 123 0 0 23382718 10436547 26996147 32141645 2758054 625935 266105 258240 53403024 43462367 195566 260369 0 0 20763486 26043233 0 0 107185 11673965 15299001 32633017 41602603 20770007 1859764 156547178 158100610 40814658 37771351 115732520 120329259 THALES ACADEMY IS AN INDEPENDENT SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN TO TWELFTH GRADE. 0 0 39825028 260369 32141645 OPERATED SCHOOL FACILITIES IN APEX, CARY, HOLLY SPRINGS, KNIGHTDALE, RALEIGH, ROLESVILLE, WAKE FOREST, AND WAXHAW, NORTH CAROLINA, FRANKLIN, TENNESSEE AND GLEN ALLEN, VIRGINIA. THESE SCHOOLS HAVE THE COMBINED CAPACITY TO TEACH 6,400 STUDENTS. 39825028 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 50 0 1 750 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WILLIAM H FRANCIS JR 9198822410 4641 PARAGON PARK ROAD RALEIGH NC 27616 ROBERT L LUDDY PRESIDENT & CHAIR 2.00 X X 0 0 0 WILLIAM H FRANCIS JR SECRETARY-TREASURER 2.00 X X 0 0 0 JUDY A NUNNENKAMP VICE PRESIDENT 2.00 X X 0 0 0 RANDOLPH L LUDDY DIRECTOR 2.00 X 0 0 0 HILERY HERMAN-PAGLIOLO DIRECTOR OF ACADEMICS 40.00 X 83357 0 18789 83357 0 18789 0 0 0 0 ALEXANDER DESIGN BUILD 140 DURHAM STREET CLAYTON NC 27520 CONSTRUCTION 4722280 RESOLUTE BUILDING COMPANY PO BOX 3656 CHAPEL HILL NC 27515 CONSTRUCTION 1299531 TONY JOHNSON ARCHITECTURE 104 N LONBARD ST CLAYTON NC 27520 ARCHITECTURE 667662 BARNHILL CONTRACTING COMPANY PO BOX 30097 RALEIGH NC 27622 CONSTRUCTION 480692 WITHERS & RAVENEL 115 MACKENAN COMPANY CARY NC 27511 ENGINEERING SERVICES 338840 17 10436547 8268200 10436547 TUITION 900099 29522820 29522820 AFTERSCHOOL CARE FEES 900099 1876596 1876596 STUDENT ACTIVITY FEES 611710 742229 742229 32141645 953436 953436 193696 0 193696 193696 193696 54514254 54841755 -327501 -327501 -327501 OTHER INCOME 900099 64544 64544 64544 43462367 30265049 0 2760771 260369 260369 110622 110622 22567256 22302485 264771 543715 524281 19434 1155662 1139439 16223 1665978 1637678 28300 383040 383040 29699 29699 17000 17000 405217 398300 6917 107185 107185 399643 380281 19362 239953 209847 30106 1104919 1085306 19613 152340 76170 76170 688394 681662 6732 6212253 5774889 437364 171147 165073 6074 MAINTENANCE AND REPAIR 1646632 1576872 69760 EDUCATIONAL SUPPLIES 1621195 1621195 JANITORIAL SERVICES 891979 878841 13138 STUDENT ACTIVITIES 614440 614440 613965 497900 116065 41602603 39825028 1670390 107185 10812257 449231 250000 0 528196 182439 107218 136010 1952650 1937062 155527748 31544031 119561074 123983717 20395492 27740043 2940291 3672108 156547178 158100610 3406375 2425440 35122064 33087893 2286219 2258018 40814658 37771351 X 114802591 119549330 929929 779929 115732520 120329259 156547178 158100610 1859764 2736975 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37694344 37694344 89720006 21807935 67912071 68152 15608 52544 17249505 9720488 7529017 10795741 10795741 123983717 ADVANCE REGISTRATION & TUITION 2258018 2258018 45961473 2005158 493948 2499106 43462367 0 43462367 41364734 -237869 -237869 41602603 0 41602603 PART XI, LINE 2D - OTHER ADJUSTMENTS: RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -237,869. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 731,817. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECONCILIATION OF REVENUE: FINANCIAL ASSISTANCE NETTED WITH TUITION FOR F/S -237,869. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY: THALES ACADEMY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH ITS WEBSITE, NEWSPAPER ADS, AND RECRUITMENT MATERIALS USED IN SOLICITING STUDENTS. 1 FINANCIAL ASSISTANCE 172 237869 BOOK SCHOLARSHIPS 10 22500 BOOK SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: THE SCHOOL USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL INFORMATION PROVIDED BY APPLICANTS. THIS SERVICE IS PROVIDED BY FACTS GRANT & AID. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO FACTS FOR PROCESSING. A SUMMARY REPORT OF THIS INFORMATION IS SENT TO THE SCHOOL. WHEN THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. A PUBLIC FINANCE AUTHORITY 273866124 2020-03-25 38558092 FINANCE OF EDUCATIONAL FACILITIES 0 0 0 A 5215809 38558092 23558092 15000000 2020 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 TRUIST 10.000000000000 0 0 0 0 0 A 0 PART II, LINE 3 NO PROCEEDS OF THE 2020-G BOND SHALL BE DELIVERED ON THE CLOSING DATE. SUCH PROCEEDS SHALL BE ADVANCED FROM TIME TO TIME. AS OF 6/30/2022, $5,000,000 OF THE $5,000,000 HAS BEEN ADVANCED. CAPTIVE-AIR SYSTEMS INC ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOR 1765658 HEALTH INS./RETIREMENT PLANS 0 CAPTIVE-AIR SYSTEMS INC ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOR 939706 EQUIPMENT PURCHASE 0 CAPTIVE-AIR SYSTEMS INC ENTITY MORE THAN 35% OWNED BY ROBERT L. LUDDY, DIRECTOR 60189 UTILITIES AND VARIOUS SERVICES 0 SCHEDULE L, PART IV DESCRIPTION OF TRANSACTION: CAPTIVE-AIRE SYSTEMS, INC. IS 100% OWNED BY ROBERT L. LUDDY, A DIRECTOR OF THALES ACADEMY. THE TEACHERS OF THALES ACADEMY PARTICIPATE IN HEALTH INSURANCE AND RETIREMENT PLANS ADMINISTERED BY CAPTIVE-AIRE SYSTEMS, INC. SCHEDULE L, PART IV DESCRIPTION OF TRANSACTION: CAPTIVE-AIRE SYSTEMS, INC. IS 100% OWNED BY ROBERT L. LUDDY, A DIRECTOR OF THALES ACADEMY. THALES ACADEMY PURCHASED EQUIPMENT FROM CAPTIVE-AIRE SYSTEMS, INC. X 3 8268200 VARIOUS SECURITIES 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT L. LUDDY AND RANDOLPH L. LUDDY - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE COMPLETED FORM 990 WAS REVIEWED BY THE FINANCE OFFICER, WHO DISCUSSED QUESTIONS AND ISSUES WITH THE TAX PREPARER. THE FINANCE OFFICER THEN REVIEWED THE FINAL FORM 990 WITH THE CHAIRMAN OF THE BOARD OF DIRECTORS BEFORE FILING ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST: ANNUAL CONFLICT DISCLOSURES ARE REQUIRED AND ARE REVIEWED BY THE FINANCE OFFICER. INDEPENDENTLY, DURING THE ACCOUNTS PAYABLE PROCESS, INVOICES ARE REVIEWED AND ANY POTENTIAL CONFLICT OF INTEREST ISSUES ARE RESOLVED PRIOR TO PAYMENT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: THE TOP MANAGEMENT OFFICIAL OF THE SCHOOL IS THE HEADMASTER. COMPENSATION WAS DETERMINED BASED UPON REVIEW OF COMPENSATION OF SIMILAR POSITIONS AT OTHER PRIVATE SCHOOLS IN THE AREA, EXPERIENCE AND SENIORITY, ALONG WITH EVALUATION OF OVERALL PERFORMANCE BASED ON MULTIPLE ISSUES, INCLUDING A PERFORMANCE REVIEW PREPARED BY THE BOARD OF DIRECTORS AND FEEDBACK FROM TEACHERS AND ADMINISTRATORS AT ALL CAMPUSES. FORM 990, PART VI, SECTION C, LINE 19 MAKING INFORMATION AVAILABLE TO THE PUBLIC: DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.