2024-05-15T12:20:48-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4501 TAMIAMI TRAIL NORTH SUITE 200 NAPLES FL 341033548 990 2022-07-01 204062828 COMMUNITY SCHOOL FOUNDATION INC COMM 2395977575 13275 LIVINGSTON RD NAPLES FL 34109 CHAD OTT TREASURER 2395977575 2024-05-15 1 CHAD OTT 999009999 1 AMELIA COOPER P00437898 2392628686 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOMENIC FERRANTE 13275 LIVINGSTON RD NAPLES FL 34109 16205210 0 X WWW.COMMUNITYSCHOOLNAPLES.ORG X 2005 FL TO GROW AND PRESERVE AN ENDOWMENT FOR THE COMMUNITY SCHOOL OF NAPLES 7 7 0 7 0 0 0 24000 181055 0 0 409743 0 0 181055 433743 0 0 0 0 0 0 0 0 0 10910 50147 10910 50147 170145 383596 15901639 17387906 0 0 15901639 17387906 X THE COMMUNITY SCHOOL FOUNDATION WAS ESTABLISHED TO GROW AND PRESERVE AN ENDOWMENT FOR THE BENEFIT OF COMMUNITY SCHOOL OF NAPLES (CSN) AND ITS STUDENTS. CSN IS KNOWN FOR ITS COMPREHENSIVE COLLEGE PREPARATORY PROGRAM THAT BLENDS RIGOR WITH A COMMITMENT TO (SEE SCHEDULE O) INDIVIDUAL GROWTH AND DEVELOPMENT. FROM PK3 TO 12TH GRADE, OVER 800 STUDENTS TAKE PART IN A CURRICULUM THAT REFLECTS THE HIGHEST STANDARDS OF INDEPENDENT SCHOOLS, ON A 77-ACRE CAMPUS, INCLUDING A MEDIA CENTER, FIELD HOUSE, PLAYING FIELDS AND OVER 20 ACADEMIC BUILDINGS. ADVANCED PLACEMENT COURSES ARE AVAILABLE IN EVERY CURRICULAR AREA. OF OUR DEDICATED, EXPERIENCED FACULTY, MORE THAN HALF HAVE ADVANCED DEGREES. CLASS SIZES ARE SMALL, ALLOWING FOR CLOSE RELATIONSHIPS WITH FACULTY AND ONGOING ASSESSMENT. STUDENTS MAY PARTICIPATE IN NUMEROUS ACTIVITIES INVOLVING MUSIC, THE ARTS, SPORTS, MATHCOUNTS AND MU ALPHA THETA, MODEL CONGRESS, MODEL UN, AND FOREIGN LANGUAGE COMPETITIONS. 0 0 COMMUNITY SCHOOL FOUNDATION, INC. (FOUNDATION) PROVIDES FINANCIAL SUPPORT TO THE COMMUNITY SCHOOL OF NAPLES, INC. (CSN). CSN IS AN INDEPENDENT, PK3 TO 12 COLLEGE PREPARATORY DAY SCHOOL, ESTABLISHED IN 1982 WITH A CURRENT STUDENT POPULATION OF OVER 975. CSN IS COMMITTED TO ACADEMIC EXCELLENCE AND PROVIDES STUDENTS WITH A BROAD RANGE OF PERSONAL OPPORTUNITIES WITHIN A CARING AND RESPECTFUL ENVIRONMENT. CSN PREPARES STUDENTS TO BECOME INDEPENDENT THINKERS AND LIFELONG LEARNERS WHO STRIVE TO REALIZE THEIR FULL POTENTIAL. THE FOUNDATION RECEIVES TUITION ASSESSMENTS FROM NEW CSN STUDENTS EACH YEAR. 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 FL X JESSICA MERRILL 2395977575 13275 LIVINGSTON ROAD NAPLES FL 34109 DOMENIC FERRANTE PRESIDENT 1.00 3.00 X X 0 0 0 JOHN ALLEN VICE PRESIDENT 0.50 10.00 X X 0 0 0 CHAD OTT TREASURER 1.00 10.00 X X 0 0 0 TOM MCAULEY DIRECTOR 0.50 3.00 X 0 0 0 ANDREW MILLER DIRECTOR 0.50 3.00 X 0 0 0 JOHN QUINN DIRECTOR 0.50 0.00 X 0 0 0 JULIE SCHMELZLE DIRECTOR 0.50 3.00 X 0 0 0 DR DAVID WATSON HEAD OF SCHOOL 1.00 40.00 X 0 451940 49099 PAUL SELVIDIO CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 296172 19525 0 748112 68624 2 0 1 0 0 24000 24000 295741 295741 15885469 15771467 114002 114002 114002 433743 0 0 409743 50147 50147 50147 0 50147 0 16514139 6668 872714 15894971 1053 15901639 17387906 0 0 X 9478306 10812742 6423333 6575164 15901639 17387906 15901639 17387906 383596 1102671 0 X 0 1 X 1 0 X X X 1 COMMUNITY SCHOOL OF NAPLES INC 591920297 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: THE SOLE MEMBER OF THE SUPPORTING ORGANIZATION IS THE SUPPORTED ORGANIZATION. THE SUPPORTED ORGANIZATION HAS THE POWER TO APPOINT AND REMOVE ALL OF THE OFFICERS AND DIRECTORS OF THE SUPPORTING ORGANIZATION. A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE FOUNDATION ARE ALSO MEMBERS OF THE BOARD OF DIRECTORS OF THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5065851 151831 5217682 5255938 -190087 5065851 4891399 364539 5255938 4830617 60782 4891399 4751596 79021 4830617 1.00000 0 0 0 PRIVATE EQUITY 866046 F PARTNERSHIP 6668 F 872714 X 1486267 1102671 1102671 383596 50147 50147 433743 0 0 0 50147 50147 50147 PART V, LINE 4: THE FUNDS ARE MEANT TO GROW AND YIELD INVESTMENT RETURNS TO SUPPORT THE COMMUNITY SCHOOL OF NAPLES' OPERATING PROGRAM. SPECIFICALLY, THE FOUNDATION'S SUPPORT OF THE SCHOOL IS FOCUSED ON, BUT NOT LIMITED TO, THE SCHOOL'S FINANCIAL AID PROGRAM AND PROGRAMMATIC EXPENSES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE IRS NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. X 1 1 0 0 0 0 0 0 0 0 0 DR DAVID WATSON HEAD OF SCHOOL 0 300219 0 88959 0 62762 0 22875 0 26224 0 501039 0 0 PAUL SELVIDIO CHIEF FINANCIAL OFFICER 0 233700 0 61780 0 692 0 18141 0 1384 0 315697 0 0 PART I, LINE 1A DR. DAVID WATSON RECEIVES THESE TYPES OF BENEFITS. REIMBURSEMENT FOR ANY ALLOWANCE EXPENSES WERE APPROVED BY THE CFO AND NOT INCLUDED IN HIS TAXABLE INCOME. DR. WATSON RECEIVED A HOUSING ALLOWANCE OF $52,789 AND A $11,370 CAR ALLOWANCE WHICH WERE ALL INCLUDED IN HIS TAXABLE INCOME. PART I, LINE 3 THE COMPENSATION OF THE HEAD OF SCHOOL IS DETERMINED BY THE RELATED ORGANIZATION. THE COMPENSATION IS COMPARED TO OTHER SIMILAR SCHOOLS FROM SURVEYS AVAILABLE ONLINE, ALONG WITH COST OF LIVING AND THE APPROVED BUDGETS, WHICH ARE BASED ON ENROLLMENT. COMPENSATION IS ALSO COMPARED TO THE COMPENSATION STATISTICS FROM THE NAIS AND FROM FCIS (NATIONAL AND FLORIDA PRIVATE SCHOOL ORGANIZATIONS). FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS THE COMMUNITY SCHOOL OF NAPLES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE CORPORATION HAS THE POWER TO APPOINT AND REMOVE THE DIRECTORS AND OFFICERS OF THE CORPORATION WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING POWERS ARE RESERVED TO THE SOLE MEMBER: (A) APPROVAL OF THE AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION AND/OR BYLAWS OF THE CORPORATION. (B) APPROVAL OR REJECTION OF THE OFFICIAL INTERPRETATION OF THE PURPOSES, PHILOSOPHY AND MISSION OF THE CORPORATION. (E) APPROVAL OR REJECTION OF THE STRATEGIC PLAN, OPERATING PLAN AND BUDGET OF THE CORPORATION. (1) APPROVAL OR REJECTION OF THE ESTABLISHMENT OR DISSOLUTION OF SUBSIDIARIES, PARTNERSHIPS, JOINT VENTURES, MERGERS, DIVISIONS AND ACQUISITIONS. (G) APPROVAL OR REJECTION OF APPLICATIONS TO THE MEMBERSHIP OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS FIRST REVIEWED WITHIN THE BUSINESS OFFICE BY THE CFO AND FINANCE MANAGER, THEN REVIEWED BY THE HEAD OF THE SCHOOL AS WELL AS THE BOARD TREASURER AND VICE PRESIDENT. A COMPLETE COPY IS MADE AVAILABLE TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BACKGROUND OF EACH NOMINATED TRUSTEE IS THOROUGHLY REVIEWED FOR CONFLICT OF INTERESTS PRIOR TO SUBMISSION OF THAT INDIVIDUAL AS A BOARD CANDIDATE. THE BOARD OF DIRECTORS COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. DURING MEETINGS, ANY VOTING MEMBERS WHO HAVE A CONFLICT OF INTEREST EXCUSE THEMSELVES FROM VOTING ON THE ISSUE AT HAND. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIALS ARE AVAILABLE IN THE ADMINISTRATIVE OFFICE AND UPON REQUEST. COMMUNITY SCHOOL OF NAPLES INC 13275 LIVINGSTON ROAD NAPLES FL 34109 591920297 SCHOOL FL 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0