2024-05-14T13:03:02-05:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-07-01 581077042 GEORGE WALTON ACADEMY INC GEOR 7702677578 1 BULLDOG DRIVE MONROE GA 30655 JENNI COLE CHIEF FINANCIAL OFFICER 7702677578 2024-05-09 1 JENNI COLE 999009999 1 GARY H BOTELER P00052048 7703948000 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNI COLE 1 BULLDOG DRIVE MONROE GA 30655 16594224 0 X WWW.GWA.COM X 1969 GA GEORGE WALTON ACADEMY PROVIDES CHALLENGING INSTRUCTION, ENGAGING EXPERIENCES, AND GLOBAL PERSPECTIVES DESIGNED TO INSPIRE LIVES OF INTELLECTUAL CURIOSITY, INTEGRITY, AND PURPOSE. 11 11 229 135 0 0 1212985 2742596 9838298 10515698 23350 301728 120522 112176 11195155 13672198 462355 503085 0 0 8045926 7978868 0 0 226792 3682429 4194256 12190710 12676209 -995555 995989 17415768 19645256 8320068 9553567 9095700 10091689 GEORGE WALTON ACADEMY PROVIDES CHALLENGING INSTRUCTION, ENGAGING EXPERIENCES, AND GLOBAL PERSPECTIVES DESIGNED TO INSPIRE LIVES OF INTELLECTUAL CURIOSITY, INTEGRITY, AND PURPOSE. 0 0 10203795 503085 10527434 GEORGE WALTON ACADEMY PROVIDES EXTRAORDINARY PROGRAMING TO ENSURE A BALANCED, WELL-ROUNDED STUDENT EXPERIENCE IN ACADEMICS, ATHLETICS, AND THE ARTS THAT ENCOURAGES STUDENTS TO DISCOVER AND PURSUE THEIR MANY TALENTS. 10203795 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 229 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 GA X X JENNI COLE 7702677578 1 BULLDOG DRIVE MONROE GA 30655 ROY ROBERTS CHAIR 1.00 X X 0 0 0 SCOTT BRISCOE VICE CHAIR 1.00 X X 0 0 0 LEE WALDO TREASURER 1.00 X X 0 0 0 MELISSA SHANNAHAN SECRETARY 1.00 X X 0 0 0 CHRISTY ELLERBEE TRUSTEE 1.00 X 0 0 0 MICHAEL GEOFFROY TRUSTEE 1.00 X 0 0 0 RICHARD HESTER TRUSTEE 1.00 X 0 0 0 BOB HILL TRUSTEE 1.00 X 0 0 0 R MICHAEL MALCOLM TRUSTEE 1.00 X 0 0 0 TAYLOR MANRY TRUSTEE 1.00 X 0 0 0 VICKY PEPPERS TRUSTEE 1.00 X 0 0 0 H GARY DOBBS HEAD OF SCHOOL 40.00 X 276000 0 7064 JENNI COLE CHIEF FINANCIAL OFFICER 40.00 X 93421 0 5754 DANIEL DOLAN HEAD OF SCHOOL (FORMER) 0.00 X 113000 0 0 482421 0 12818 3 1 1 0 SAFE AND SOUND TECHNOLOGY LLC 4523 NOHL RIDGE LN FLOWERY BRANCH GA 30542 VIDEO SURVEILLANCE 112000 1 120875 1810463 811258 55053 2742596 TUITION AND FEES 611110 9266647 9266647 AUXILIARY SERVICES 611110 1249051 1249051 10515698 16352 16352 3014490 2729114 285376 285376 285376 162310 120875 61870 100440 100440 142778 131042 11736 11736 13672198 10527434 0 402168 503085 503085 373000 373000 6531703 4679046 1657447 195210 239226 179856 53114 6256 344725 259173 76538 9014 490214 383486 93040 13688 20295 20295 39000 39000 341296 124359 216937 36861 36861 84868 84868 120146 120146 353164 341071 11516 577 26586 26586 154545 149254 5039 252 918041 886608 29934 1499 180968 174771 5901 296 STUDENT SERVICES 762475 762475 CAFETERIA 556715 556715 REPAIRS AND MAINTENANCE 377592 377592 INSTRUCTIONAL EXPENSES 168025 168025 53679 53679 12676209 10203795 2245622 226792 -3931 78071 2405714 2331877 682247 2454659 161916 39203 20653 20653 17593 17593 30012535 15309335 14131576 14703200 17415768 19645256 665508 1505408 4348455 4957736 3211325 3011889 94780 78534 8320068 9553567 X 6077375 8840690 3018325 1250999 9095700 10091689 17415768 19645256 995989 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4785635 4785635 17435924 10769932 6665992 4288506 3534204 754302 3502470 1005199 2497271 14703200 CAPITAL LEASE OBLIGATION LT 78534 78534 X 13865110 192912 192912 13672198 0 13672198 12869121 192912 192912 12676209 0 12676209 PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE SCHOOL IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE SCHOOL CONSIDERS ALL OF ITS ACTIVITIES TO BE DIRECTLY RELATED TO ITS EXEMPT PURPOSE IN 2023 AND 2022. THE SCHOOL UTILITIES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AS 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023 AND 2022, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 61,870. BOOKSTORE EXPENSES 105,716. YEARBOOK EXPENSES 25,326. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 61,870. BOOKSTORE EXPENSES 105,716. YEARBOOK EXPENSES 25,326. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ACADEMY DOES NOT RACIALLY DISCRIMINATE AGAINST ANY APPLICANTS BUT DOES NOT PUBLICIZE ITS DISCRIMINATION POLICY. LUCKY DAWG GALA 270760 120875 149885 2945 4475 15480 2040 25288 GOLF TOURNAMENT 12425 12425 150 1936 4120 654 4782 283185 120875 162310 150 4881 8595 16134 2040 30070 61870 100440 1 STAFF-FACULTY STUDENT DISCOUNTS 80 501085 DIRECT CASH ASSISTANCE GRADUATING SENIORS SCHOLARSHIP AWARDS 1 2000 DIRECT CASH ASSISTANCE X X 0 0 0 0 0 0 0 0 0 H GARY DOBBS HEAD OF SCHOOL 276000 0 0 0 0 0 6900 0 164 0 283064 0 0 0 DANIEL DOLAN HEAD OF SCHOOL (FORMER) 113000 0 0 0 0 0 0 0 0 0 113000 0 0 0 X 1 8900 X 2 13555 X GALA EVENT 77 32598 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE ACCOUNTING STAFF AND THE HEADMASTER TO REVIEW AND PRESENTED TO THE GOVERNING BOARD FOR DISCUSSION BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER, AND EMPLOYEE IS ASKED TO SIGN ANNUALLY A STATEMENT REFLECTING HIS OR HER CONTINUED AWARENESS AND UNDERSTANDING OF THIS POLICY. AT THE SAME TIME, THE INDIVIDUAL WILL REPORT THE ABSENCE OF POTENTIAL CONFLICTS OR POSSIBLE AREAS OF CONCERN AND WILL LIST PERSONAL AND BUSINESS RELATIONSHIPS WHICH MAY APPEAR TO PRESENT A CONFLICT OF INTEREST. IN ALL CONFLICT OF INTEREST PROCEDURES, TRUSTEES AND OFFICERS SHALL DIRECT ALL DISCLOSURE STATEMENTS IN WRITING TO, AND DEAL AS NECESSARY WITH, THE CHAIRMAN OF THE FINANCE COMMITTEE; EMPLOYEES SHALL DIRECT ALL DISCLOSURE STATEMENTS IN WRITING TO, AND DEAL AS NECESSARY WITH, THE HEADMASTER. THE HEADMASTER SHALL MAKE HIS DISCLOSURE STATEMENT IN WRITING TO, AND DEAL AS NECESSARY WITH THE CHAIRMAN OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE MEMBERS OF THE GOVERNING BOARD ARE NOT COMPENSATED. THE SALARY OF THE TOP MANAGEMENT OFFICIAL IS DETERMINED BY THE GOVERNING BOARD BY PERFORMING A MARKET-BASED ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS OF THE AUDIT COMMITTEE HAS NOT CHANGED SINCE THE LAST AUDIT.