2024-03-13T11:39:51-05:00 2023-06-30 264022510 HARRIS & CO PLLC 1120 S RACKHAM WAY STE 100 MERIDIAN ID 83642 990 2022-07-01 841751848 INNOVATE ACADEMY & PREPARATORY SCHOOL CORP INNO 2089085562 3467 W FLINT DRIVE EAGLE ID 83616 TESSA OSBORNE DIRECTOR 2089085562 2024-03-05 1 TESSA OSBORNE 999009999 0 BRYCE MORRISON P02154746 2083338965 2024-03-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TESSA OSBORNE 3467 W FLINT DRIVE EAGLE ID 83616 3067564 0 X WWW.INNOVATEACADEMYPREP.COM X 2019 ID TO OFFER A CHALLENGING AND DIVERSE CURRICULUM IN A TIGHT KNIT CULTURE TO FOSTER A PASSION FOR LEARNING AND EQUIP STUDENTS WITH THE TOOLS NECESSARY TO BECOME SUCCESSFUL, WELL-ROUNDED ADULTS. 6 3 51 20 0 0 262583 371600 1607407 2593977 -34370 967 17856 94708 1853476 3061252 14220 44315 0 0 1212750 2043932 0 0 20910 512205 1063757 1739175 3152004 114301 -90752 774238 2980163 512205 2808882 262033 171281 TO OFFER A CHALLENGING AND DIVERSE CURRICULUM IN A TIGHT KNIT CULTURE TO FOSTER A PASSION FOR LEARNING AND EQUIP STUDENTS WITH THE TOOLS NECESSARY TO BECOME SUCCESSFUL, WELL-ROUNDED ADULTS. 0 0 2642881 44315 2688685 EDUCATION FOR PRE-SCHOOL THROUGH 8TH GRADE. 2642881 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X SHAUNA PATRICK 2089085562 855 BROAD STREET SUITE 300 BOISE ID 83702 TESSA OSBORNE DIRECTOR 20.00 X 0 0 0 MEGAN STEPHENS DIRECTOR 20.00 X 0 0 0 APRIL DILLON DIRECTOR 10.00 X 0 0 0 SHAUNA PATRICK DIRECTOR 10.00 X 12000 0 0 GLORIA NAGEL ELEMENTARY HEADMASTER 40.00 X 65625 0 1969 KEVAN GRANT MIDDLE/HIGH SCHOOL HEADMASTER 40.00 X 75799 0 5779 153424 0 7748 0 0 0 0 0 12331 45968 313301 6206 371600 TUITION AND FEES 611600 2593977 2593977 2593977 279 279 7000 6312 688 688 688 0 12331 0 0 PTO REVENUE 611600 78292 78292 LUNCH INCOME 611600 10362 10362 SPIRIT WEAR 611600 6054 6054 94708 3061252 2688685 0 967 44315 44315 168129 147954 18494 1681 1500539 1320474 165060 15005 239469 210733 26341 2395 135795 119500 14937 1358 5263 5263 34552 34552 4294 4294 22610 22610 15680 15680 44564 44564 712827 575966 136861 2544 2544 46328 8580 37650 98 SUPPLIES 74244 74244 OTHER 49948 39010 10565 373 STUDENT ENRICHMENT 23698 23698 OWNERS ASSOCIATION DUES 20266 20266 6939 6939 3152004 2642881 488213 20910 79611 119003 674393 659846 1941 48665 38530 13704 4267 18293 9437 0 2104682 774238 2980163 48618 103234 463587 524663 0 2180985 512205 2808882 X 262033 171281 262033 171281 774238 2980163 -90752 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13704 4267 9437 9437 OPERATING LEASE ROU ASSET 2104682 2104682 OPERATING LEASE LIABILITY 2180985 2180985 X 3016937 0 3016937 44315 44315 3061252 3107689 0 3107689 44315 44315 3152004 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2023 AND 2022. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP RECLASS 44,315. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 44,315. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 SCHOLARSHIP 5 44315 FORM 990, PART VI, SECTION A, LINE 6 CONDITIONS OF MEMBERSHIP AND PROCEDURES FOR THE SUSPENSION OR TERMINATION OF A MEMBERSHIP BY THE CORPORATION MAY BE ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS AND RECORDED IN THE MINUTES OF THE MEETINGS OF THE BOARD OF DIRECTORS. ALL MEMBERS SHALL HAVE THE RIGHT TO VOTE AT ALL MEETINGS, PROVIDED SUCH MEMBER IS NOT IN VIOLATION OF THE RULES PROMULGATED BY THE BOARD OF DIRECTORS FROM TIME-TO-TIME AND IS CURRENT ON PAYING THEIR DUES. ANY MEMBER IN DEFAULT OF PAYMENT OF DUES FOR A PERIOD OF THIRTY (30) DAYS IS NO LONGER IN GOOD STANDING AND SHALL AUTOMATICALLY FORFEIT ITS RIGHT TO VOTE ON ANY MATTER, AND, IF APPLICABLE, THE REPRESENTATIVE OF SUCH MEMBER SHALL IMMEDIATELY BE RELIEVED OF ALL COMMITTEE ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 7A AT THE FIRST ORGANIZATION MEETING OF MEMBERS, THE MEMBERS SHALL ELECT THE INITIAL NINE (9) DIRECTORS TO HOLD OFFICE UNTIL THE FIFTH ANNUAL MEETING OF MEMBERS, AND THE BOARD OF DIRECTORS SHALL BE ELECTED IN A LIKE MANNER EVERY FIVE (5) YEARS THEREAFTER. DIRECTORS NEED NOT BE MEMBERS OF THE CORPORATION, NOR DO DIRECTORS NEED TO BE RESIDENTS OF THE STATE OF IDAHO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS CURRENTLY NOT BEING MADE AVAILABLE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY,HAS READ AND UNDERSTANDS THE POLICY,HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD DETERMINED THE HEADMASTER'S COMPENSATION BASED ON MARKET RATES IN THE AREA/EXPERIENCE SHE HAD AND WORK LOAD EXPECTED. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE IRS NON-PROFIT WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC