2024-05-13T15:16:39-05:00 2023-06-30 621093134 JOHNSON MURPHEY & WRIGHT PC 301 NORTH MARKET STREET CHATTANOOGA TN 37405 990 2022-07-01 261533313 IVY ACADEMY INC IVYA 4233057494 8520 DAYTON PIKE SODDY DAISY TN 37379 HOLLY SLATER EXECUTIVE DIRECTOR 4233057494 2024-05-13 1 HOLLY SLATER 999009999 0 PAUL JOHNSON III CPA P00932002 4237561170 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HOLLY SLATER 8520 DAYTON PIKE SODDY DAISY TN 37379 6080863 0 X WWW.IVYACADEMYCHATTANOOGA.COM X 2007 TN TO PROVIDE A QUALITY EDUCATION WITH FOCUS ON SCHOLARSHIP, ENVIRONMENTAL STEWARDSHIP & VOLUNTEERISM. 8 8 114 100 0 0 85863 346469 5024498 5722537 -2021 9241 30209 -294 5138549 6077953 0 0 0 0 3577475 3663775 0 0 0 1328170 1653664 4905645 5317439 232904 760514 8715210 8789795 6550113 5859458 2165097 2930337 THE MISSION OF IVY ACADEMY IS TO PROVIDE A QUALITY EDUCATIONAL PROGRAM WITH AN EMPHASIS ON SCHOLARSHIP, ENVIRONMENTAL STEWARDSHIP, AND VOLUNTEERISM FOR ALL STUDENTS, DESIGNED TO PREPARE THEM TO POSITIVELY INFLUENCE SOCIETY AND NATURE. 0 0 4792212 5725153 PUBLIC CHARTER SCHOOL SERVING GRADES 6-12. 4792212 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 114 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CASSIE HUBBARD 4233057494 8520 DAYTON PIKE SODDY DAISY TN 37379 DR DARRELL MEECE PRESIDENT 1.00 X X 0 0 0 DR PATTI SKATES VICE PRESIDENT 1.00 X X 0 0 0 EVELYN HENDERSON SECRETARY 1.00 X X 0 0 0 ETHAN MILLER TREASURER 1.00 X X 0 0 0 DANIEL BASHAM BOARD DIRECTOR 1.00 X 0 0 0 LEE PRITCHARD BOARD DIRECTOR 1.00 X 0 0 0 DR DAWN FORD BOARD DIRECTOR 1.00 X 0 0 0 SANDY PRICER BOARD DIRECTOR 1.00 X 0 0 0 HOLLY SLATER EXECUTIVE DIRECTOR 40.00 X 90307 0 0 90307 0 0 0 0 0 0 0 6295 230948 109226 346469 COUNTY PER PUPIL INCOM 611110 4454173 4454173 FEDERAL & STATE OPERAT 611110 805084 805084 INTERNAL SCHOOL FUNDS 611110 199826 199826 STATE BEP AND OTHER GR 611110 158397 158397 FOOD PROGRAM 611110 58218 58218 46839 46839 5722537 9241 9241 0 6295 2910 -2910 -2910 MISCELLANEOUS 611110 2616 2616 2616 6077953 5725153 0 6331 86711 86711 2934142 2787435 146707 143974 136775 7199 220663 209630 11033 278285 264371 13914 10681 10681 26786 26786 342735 337820 4915 5747 5747 52879 26110 26769 122210 116363 5847 23818 23818 172178 172178 220688 220688 53440 48096 5344 SUPPLIES & EQUIPMENT 225135 225135 INTERNAL SCHOOL FUNDS 183498 183498 FOOD EXPENSE 122349 122349 EXPENSES FOR SERVICES 39699 39699 51821 44678 7143 5317439 4792212 525227 0 425013 404987 506355 511139 3440 0 40757 0 25000 7626837 949852 5363209 6676985 59125 48375 2317311 1123309 8715210 8789795 511996 564901 4492011 5111218 1546106 183339 6550113 5859458 X 298042 2281452 1867055 648885 2165097 2930337 8715210 8789795 X 760514 4726 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 336587 336587 5369741 755490 4614251 1584638 22772 1561866 167137 122340 44797 168734 49250 119484 6676985 NET PENSION ASSET 419025 DEFERRED OUTFLOWS RELATED TO PENSIONS 567479 STABILIZATION RESERVE TRUST 136805 1123309 DEFERRED INFLOWS RELATED TO PENSIONS 117156 RIGHT TO USE LEASE LIABILITY 57282 NET PENSION LIABILITY 8901 183339 X 6080863 0 6080863 -2910 -2910 6077953 5320349 2910 2910 5317439 0 5317439 PART X, LINE 2: THE ENTITY ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFITS ARE ESTIMATED BASED ON THE CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR THE ENTITY INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. BASED ON ITS EVALUATION, THE ENTITY HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ENTITY'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR JURISDICTIONS AS OF JUNE 30, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -2,910. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 2,910. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ACADEMY IS A PUBLIC CHARTER SCHOOL AND ITS RACIALLY NONDISCRIMINATORY POLICY IS MADE KNOWN DURING REGISTRATION. SCHEDULE E, PART I, LINE 6 THE ACADEMY IS A PUBLIC CHARTER SCHOOL AND RECEIVES PER-PUPIL FUNDING FROM THE HAMILTON COUNTY, TN DEPARTMENT OF EDUCATION. IT ALSO RECEIVES TENNESSEE BEP INCOME AND VARIOUS FEDERAL AND STATE GRANT FUNDS. SCHEDULE E, LINE 7 AS A PUBLIC CHARTER SCHOOL SUBJECT TO OPEN ENROLLMENT, THE SCHOOL IS NOT REQUIRED TO MEET THE SPECIFIC GUIDELINES AS SET FORTH IN REV.PROC. 75-50. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH THEN RECOMMENDS TO THE BOARD FOR ACCEPTANCE AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ELECTED BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY BEFORE BECOMING A MEMBER OF THE BOARD. THE POLICY IS ADDRESSED TO THE BOARD ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE BUSINESS HEAD OF THE SCHOOL (EXECUTIVE DIRECTOR) IS DETERMINED THROUGH A VETTING, COMPARISON OF SALARIES WITH OTHER HEADS OF CHARTER SCHOOLS IN THE STATE, BOARD MOTIONS, AND VOTES. BOARD MEMBERS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE UPON WRITTEN REQUEST THROUGH THE OFFICE AND AT THE COMPTROLLER SITE. ORGANIZING/GOVERNING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: NEGATIVE PENSION EXPENSE 4,726. FORM 990, PART XII, LINE 2C THE PROCESS OF SELECTING AN INDEPENDENT AUDITOR AND OVERSEEING THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.