2024-11-14T09:55:09-06:00 2024-06-30 204193611 Batts Morrison Wales and Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2023-07-01 455615288 TMA Heritage Foundation Inc TMAH 4079712221 1500 Lukas Lane Oviedo FL 32765 Darryl De Ruiter President 4079712221 2024-11-13 1 1 Michele M Wales CPA P00428093 4077706000 2024-11-13 2023 2024-10-15 13:58:12Z Darryl De Ruiter 1500 Lukas Lane Oviedo FL 32765 2749837 0 X N/A X 2012 FL The Organization financially supports the ministry and activities of The Master's Academy of Central Florida, Inc. and its affiliated exempt organizations. 3 3 0 6 0 0 538000 2233550 0 0 297474 516287 0 0 835474 2749837 28274 885606 0 0 0 0 0 0 0 35863 47274 64137 932880 771337 1816957 12633305 14790663 0 0 12633305 14790663 The Organization financially supports the ministry and activities of The Master's Academy of Central Florida, Inc. and its affiliated exempt organizations. 0 0 885606 885606 0 The Organization financially supports the ministry and activities of The Master's Academy of Central Florida, Inc. and its affiliated exempt organizations. 885606 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Jade Matthews 4079712221 1500 Lukas Lane Oviedo FL 32765 Dr Timothy Pursley Chairman/Director 1.00 3.00 X X 0 0 0 Yiqiang Dennis Wen Treasurer/Director 0.50 1.50 X X 0 0 0 Dr Bradley Jahnke Secretary/Director 0.50 1.50 X X 0 0 0 Dr Dana Dionne Former President (End 11/23) 0.50 50.50 X 0 314353 17123 Darryl De Ruiter President (Beg 6/24) 0.50 50.50 X 0 0 0 0 314353 17123 0 0 1 0 0 2175141 58409 58409 2233550 516287 516287 2749837 0 0 516287 885606 885606 46604 46604 670 670 932880 885606 47274 0 2139943 4478086 400000 418671 8253711 8544812 1839651 1349094 12633305 14790663 0 0 X 11487016 13566410 1146289 1224253 12633305 14790663 12633305 14790663 1816957 340401 0 X X 0 1 X 1 0 X X X 1 See Part VI 592663620 2 1 885606 0 1 885606 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part I, Line 1g, column (i): Name of supported organization: The Master's Academy of Central Florida, Inc. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 102511 102511 1000000 1000000 5604 5604 1000000 1000000 47975 47975 1000000 1000000 28589 28589 1000000 1000000 43662 43662 1000000 1.00000 0 0 0 Investment Portfolio 8544812 F 8544812 Oceanview Annuity 277836 Athene Annuity 1071258 1349094 Part V, Line 4: The endowment funds are held to be used to enhance benefits, compensation, and resources for the teaching faculty of The Master's Academy of Central Florida, Inc., a related tax-exempt entity. 1 The Master's Academy of Central Florida Inc 1500 Lukas Lane Oviedo FL 32765 592663620 501(c)(3) 885606 0 General support including interest from Teacher Endowment Fund for teacher bonuses and cash flow for operations due to delayed scholarship funding. 1 0 Part I, Line 2: The Organization makes grants only to related organizations. The use of grant funds is monitored by regular Board and management review of financial and operational records. 1 0 0 0 0 0 0 0 0 Dr Dana Dionne Former President (End 11/23) 0 196395 0 40 0 117918 0 8894 0 8229 0 331476 0 0 Part I, Line 4a Dr. Dionne's employment with the Organization's supported organization, The Master's Academy of Central Florida, Inc. ("the Academy"), ended on November 14, 2023. A severance agreement was provided to her by the Academy, and the severance payment of $116,263 was subsequently paid to her on November 30, 2023. The severance arrangement was approved by the Academy's Board of Directors, all of whom are independent with respect to Dr. Dionne. Pursuant to Form 990 instructions, the amounts reported on Schedule J, Part II, Column (B)(iii) and Column D include the severance payments and insurance benefits provided to Dr. Dionne from January 1, 2023 through December 31, 2023. X 2 58409 Fair market value 0 0 1 0 Part I, Column (b): The Organization is reporting in Part I, column (b), the number of contributions. Form 990, Part VI, Section B, line 11b The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Organization does not have paid employees and therefore does not have a compensation setting policy. Key personnel supporting the Organization are employees of The Master's Academy of Central Florida, Inc., a related tax-exempt organization. The Academy reviews the compensation of all its employees on an annual basis to ensure that compensation is reasonable and comparable to other similar organizations. Form 990, Part VI, Section C, line 19 The Organization's Articles of Incorporation are publicly available online. The Organization's bylaws, conflicts of interest policy, and other policies are provided to those responsible for complying with them. Form 990, Part VI: The Organization is included in the consolidated financial statements of The Master's Academy of Central Florida, Inc., which are audited annually by an independent certified public accounting firm. This audit has resulted in the issuance of an unqualified opinion on the consolidated financial statements. In addition, the Organization is a fully accredited member of the Evangelical Council for Financial Accountability (ECFA) and, as such, subscribes to ECFA's Seven Standards of Responsible Stewardship addressing: (1) operation in conformity with the Organization's evangelical Christian doctrinal statement, (2) oversight by a Board of Directors, the majority of which are independent, (3) submission of complete, accurate, audited financial statements, (4) proper management and financial controls over the use of the Organization's resources, (5) public availability of the Organization's current financial statements upon written request, (6) avoidance of conflicts of interest, and (7) responsible, truthful fund-raising practices. Form 990, Part XII, Line 2c: The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year. The Master's Academy of Central Florida Inc 1500 Lukas Lane Oviedo FL 32765 592663620 Christian elementary and secondary school FL 501(c)(3) Line 2 N/A 1 TMA Properties Foundation Inc 1500 Lukas Lane Oviedo FL 32765 204717769 Supporting organization FL 501(c)(3) Line 12a, I The Master's Academy of Central Florida Inc 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 The Master's Academy of Central Florida Inc B 885606 Actual amount paid The Master's Academy of Central Florida Inc C 2175141 Actual amount paid