2024-05-14T10:46:57-05:00 2023-06-30 742052353 SEIDEL SCHROEDER 2707 SOUTH MARKET BRENHAM TX 77833 990 2022-07-01 741821193 TEXAS PRIVATE SCHOOL FOUNDATION INC TEXA 9797760731 3201 BOONVILLE ROAD BRYAN TX 77802 DR DANIEL DAWSON CHAIRMAN 9797760731 2024-05-13 1 DR DANIEL DAWSON 999009999 0 DUANE MUEHLBRAD P01695805 9798366131 2024-05-08 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR DANIEL DAWSON 3201 BOONVILLE ROAD BRYAN TX 77802 12127756 0 X WWW.ALLENACADEMY.ORG X 1886 TX TEXAS PRIVATE SCHOOL FOUNDATION, INC. DBA ALLEN ACADEMY IS A NON-DEMONINATIONAL PRIVATE SCHOOL FOUNDED IN 1886. ALLEN ACADEMY EDUCATES STUDENTS FROM PRE-KINDERGARTEN THROUGH THE TWELVE GRADES. 6 6 124 0 0 0 37514 6332315 4376420 5222170 -33654 42096 1098033 297276 5478313 11893857 0 0 0 0 3359853 3589463 0 0 0 1763458 1866137 5123311 5455600 355002 6438257 13777041 15103029 13946957 8834688 -169916 6268341 TEXAS PRIVATE SCHOOL FOUNDATION, INC. DBA ALLEN ACADEMY IS A NON-DENOMINATIONAL PRIVATE SCHOOL FOUNDED IN 1886. ALLEN ACADEMY EDUCATES STUDENTS FROM PRE-KINDERGARTEN THROUGH THE TWELVE GRADES. 0 0 4041681 5222170 TEXAS PRIVATE SCHOOL FOUNDATION, INC. DBA ALLEN ACADEMY IS A NON-DEMONINATIONAL PRIVATE SCHOOL FOUNDED IN 1886. ALLEN ACADEMY EDUCATES STUDENTS FROM PRE-KINDERGARDEN THROUGH TWELVE GRADES. 4041681 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 124 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 9797760731 3201 BOONVILLE RD BRYAN TX 77802 DANIEL DAWSON BOARD CHAIRMAN 5.00 X X 0 0 0 DAVID PRIOR TRUSTEE 1.00 X 0 0 0 PAUL DYSON BOARD VICE CHAIRMAN 5.00 X X 0 0 0 GINA FLORES SECRETARY 1.00 X 0 0 0 MARC CARROLL TREASURER 5.00 X 0 0 0 GLENDA MARRIOTT TRUSTEE 5.00 X X 0 0 0 SERAPHIM DANCKAERT HEAD OF SCHOOL 40.00 X 192479 0 0 192479 0 0 1 0 1 0 0 372147 5960168 5471268 6332315 ACADEMIC & AUXILLARY 611600 5020506 5020506 ACTIVITY FUND INCOME 611600 201664 201664 5222170 42096 42096 519534 233899 285635 285635 MISCELLANEOUS REVENUE 611600 11641 11641 11641 11893857 5233811 0 327731 3368637 2611814 756823 220826 176343 44483 295600 123249 172351 26579 26579 2485 2485 187344 140508 46836 14852 14852 111766 93509 18257 532466 399349 133117 85665 64249 21416 SUPPLIES 545873 391522 154351 BAD DEBTS 26364 26364 BOARDING EXPENSE 24463 24463 MISC 10249 10249 2431 1823 608 5455600 4041681 1413919 0 2093423 2750074 2376992 2860662 19768904 11386758 8741652 8382146 555579 629433 9395 480714 13777041 15103029 2794274 950986 4676268 5225563 3475000 0 3001415 2553783 0 104356 13946957 8834688 X -222707 6182631 52791 85710 -169916 6268341 13777041 15103029 6438257 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17587 908 18495 18059 -472 17587 13534 1116 3409 18059 14211 -677 13534 13368 843 14211 0 0 388620 388620 17332100 8946729 8385371 2048184 2440029 -391845 8382146 OPERATING LEASE LIABILITY 104356 104356 12127756 233899 233899 11893857 0 11893857 0 0 0 0 0 PART V, LINE 4: INCOME FROM FUNDS HELD IN QUASI-ENDOWMENTS IS AVAILABLE FOR THE PURPOSE ESTABLISHED BY THE BOARD. THE CORPUS OF SUCH FUNDS WILL BE HELD UNTIL SUCH TIME AS THE BOARD ABOLISHES THE QUASI-ENDOWMENT, AT WHICH TIME THE CORPUS IS AVAILABLE FOR SUCH PURPOSE(S) AS MAY BE DESIGNATED BY THE BOARD. THERE ARE TWO PRIMARY INVESTMENT OBJECTIVES OF THE ENDOWMENT FUND. ONE IS TO PROVIDE A CONTINUING AND DEPENDABLE CASH PAYOUT, STABLE AND PREFERABLY GROWING IN REAL TERMS, AFTER GIVING EFFECT TO INFLATION. THE SECOND IS TO CAUSE THE TOTAL VALUE OF THE FUND TO APPRECIATE, OVER TIME, EXCLUSIVE OF GROWTH DERIVED FROM DONATIONS. THE ASSET ALLOCATION OF THE FUND WILL BE CONSISTENT WITH THE INVESTMENT OBJECTIVES AND RISK TOLERANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE OFFSET AGAINST REVENUE ON 990 233,899. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE OFFSET AGAINST REVENUE ON 990 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED RACIALLY NONDISCRIMINATORY POLICY ON THE WEBSITE AND IN THE LOCAL NEWSPAPER. CADET GOLF TOURNEMENT 220570 220570 155976 THE ALLEN FUND 113741 113741 2026 1 185223 185223 75897 519534 519534 233899 233899 285635 X X 0 0 0 0 0 0 0 0 0 SERAPHIM DANCKAERT HEAD OF SCHOOL 192479 0 0 0 0 0 0 0 0 0 192479 0 0 0 CJB PARTNERS LTD CASH X 5250000 0 0 1 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: CJB PARTNERS, LTD(B) PURPOSE OF LOAN: CASHALLEN ACADEMY DISPUTED THE VALIDITY AND THE ENFORCEABILITY OF THE FOUR DEMAND NOTES EXTENDED TO CJB PARTNERS, LTD.: (A) JUNE 15, 2010, $1,765,000; (B) AUGUST 24, 2011, $860,000; (C) DECEMBER 31, 2011, $770,520; AND (D) MAY 31, 2012, $300,000. THE OUTSTANDING BALANCE OF THE PURPORTED DEMAND NOTES WERE LISTED ON THE BALANCE SHEET AS OF JUNE 30, 2022 AT $3,475,000 WITH AN INTEREST RATE OF 5%. THE NOTES WERE EXTENDED TO CJB PARTNERS, LTD. BASED ON JERRY BULLIN'S REPRESENTATION AND WITH THE UNDERSTANDING THAT THEY WERE NOT TRUE AGREEMENTS. THEY WERE EXTENDED WITH THE UNDERSTANDING AND ON THE CONDITION THAT THE FUNDS WERE INTENDED AS A CHARITABLE DONATION AND THAT THE NOTES WOULD BE FORGIVEN WITHOUT RECOURSE AS HAD BEEN DONE IN THE PAST. THE NOTES WERE NEITHER PRESENTED TO NOR APPROVED BY ALLEN'S BOARD OF TRUSTEES IN ACCORDANCE WITH THE REQUIREMENTS OF SECTION 22.230 OF THE TEXAS BUSINESS ORGANIZATION CODE. ALLEN ACADEMY THEREFORE INITIATED LEGAL ACTION FOR A FINDING THAT THE NOTES WERE NEVER INTENDED TO BE TRUE AGREEMENTS, TO ENFORCE THE AGREEMENT THAT THE DEMAND NOTES WOULD BE FORGIVEN, AND THAT THEY ARE UNENFORCEABLE DUE TO THE FAILURE TO COMPLY WITH THE TEXAS BUSINESS AND ORGANIZATION CODE IN TEXAS PRIVATE SCHOOLS FOUNDATION, INC. D/B/A ALLEN ACADEMY V. JERRY BULLIN, INDIVIDUALLY, CJB PARTNERS, LTD., AND ITS GENERAL PARTNER, CJB PARTNERS MANAGEMENT, LLC; CAUSE NO. 14-001051-CV-361; IN THE 361ST JUDICIAL DISTRICT COURT OF BRAZOS COUNTY, TEXAS. THE TRIAL COURT ENTERED A JUDGMENT FINDING THE DEMAND NOTES TO BE VALID, SO ALLEN ACADEMY APPEALED THE TRIAL COURT'S JUDGMENT IN CASE NUMBER 07-20-00225-CV; TEXAS PRIVATE SCHOOL FOUNDATION, INC. V. JERRY A. BULLIN, ET AL.; IN THE COURT OF APPEALS FOR THE SEVENTH DISTRICT OF TEXAS. ON DECEMBER 22, 2021, THE COURT OF APPEALS ISSUED AN OPINION HOLDING THAT THE DEMAND NOTES WERE NOT VALID, ENFORCEABLE CONTRACTS AND REVERSED THE JUDGMENT ON THE BULLIN PARTIES' BREACH OF CONTRACT CLAIM. IN THAT SAME OPINION, THE COURT OF APPEALS AFFIRMED ALLEN ACADEMY'S JUDGMENT AGAINST BULLIN FOR $300,000 IN ACTUAL DAMAGES AND $886,657 IN ATTORNEY'S FEES THROUGH TRIAL. BULLIN SOUGHT REVIEW FROM THE TEXAS SUPREME COURT IN CASE NUMBER 22-0060; BULLIN V. TEXAS PRIVATE SCHOOL FOUNDATION, INC. ON JANUARY 27, 2023, THE SUPREME COURT DENIED BULLIN'S PETITION FOR REVIEW, LEAVING THE DECEMBER 22, 2021 OPINION AND JUDGMENT UNDISTURBED. DURING MAY 2023, A SETTLEMENT WAS REACHED WITH THE FORMER BOARD MEMBER, AND THE TERMS OF THE SETTLEMENT ARE CONFIDENTIAL. THE SETTLEMENT RESOLVED THE DISPUTE BETWEEN ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION HAS PROVIDED THE NON-PROFIT TAX RETURNS UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.