2024-05-14T15:40:16-05:00 2023-06-30 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2022-07-01 541652357 PEABODY SCHOOL PEAB 4342966901 1232 STONEY RIDGE ROAD CHARLOTTESVILLE VA 22902 BRETT JONES CHAIR 4342966901 2024-05-14 1 BRETT JONES XXX-XX-XXXX 0 TRAVIS W SIMPSON P00481332 4342962156 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROB ORLANDO 1232 STONEY RIDGE ROAD CHARLOTTESVILLE VA 22902 5840640 0 X WWW.PEABODYSCHOOL.ORG X 1992 VA NUTURING A LOVE OF LEARNING THROUGH ACADEMIC CHALLENGE AND EXPLORATION IN A SUPPORTIVE AND CARING COMMUNITY TO HELP CHILDREN LIGHT THEIR OWN PATH TOWARD A LIFE OF IMPACT. 12 12 68 13 0 0 398387 1002244 4157394 4744028 0 20392 16491 51441 4572272 5818105 581950 595851 0 0 3274960 3645860 0 0 149443 1059897 1070692 4916807 5312403 -344535 505702 9243913 9554202 3424481 3229068 5819432 6325134 X NUTURING A LOVE OF LEARNING THROUGH ACADEMIC CHALLENGE AND EXPLORATION IN A SUPPORTIVE AND CARING COMMUNITY TO HELP CHILDREN LIGHT THEIR OWN PATH TOWARD A LIFE OF IMPACT. 0 0 4916577 595851 4744028 PROVIDED FULL TIME EDUCATION SERVICES TO APPROXIMATELY 232 GIFTED STUDENTS. THE SCHOOL SUPPORTS STUDENTS' DEVELOPMENT OF ACADEMIC, TECHNICAL, AND ARTISTIC SKILLS; PROVIDES OPPORTUNITIES FOR AUTONOMY AND LEADERSHIP, AND FOSTERS AN ENVIRONMENT OF KINDNESS AND RESPECT. THE SCHOOL EQUIPS STUDENTS WITH STUDY HABITS, WRITING SKILLS, KNOWLEDGE, AND PROFICIENCY WITH TECHNOLOGY THAT PREPARE THEM WELL FOR HIGH SCHOOL AND BEYOND. THE SCHOOL PROVIDES A WIDE ARRAY OF STUDENT ACTIVITIES THAT CONTRIBUTE IMPORTANTLY TO THE STUDENTS' INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. THESE ACTIVITIES CONSIST OF REGULAR FIELD TRIPS, COMMUNITY SERVICE CLASSES, AN ENRICHMENT PROGRAM, ART SHOWS, DRAMA AND MUSIC PERFORMANCES, AN ANNUAL TALENT SHOW, AND ATHLETIC PROGRAMS. THE SCHOOL ALSO OFFERS VARIOUS STUDENT CLUBS AND AN AFTER SCHOOL PROGRAM. THE SCHOOL PROVIDED FINANCIAL AID TO 44 STUDENTS FOR FISCAL YEAR 2023. 4916577 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 68 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X THE ORGANIZATION 4342966901 1232 STONEY RIDGE ROAD CHARLOTTESVILLE VA 22902 ROBERT ORLANDO HEAD OF SCHOOL 40.00 X 189460 0 52164 BRETT JONES CHAIR 2.00 X X 0 0 0 CHRISTINE BARTH TREASURER 2.00 X X 0 0 0 GREG FRANK SECRETARY 2.00 X X 0 0 0 ERIC BUNDONIS DIRECTOR 2.00 X 0 0 0 KELLI PALMER DIRECTOR 2.00 X 0 0 0 SUSAN BLANK DIRECTOR 2.00 X 0 0 0 NATASHA LAWLER DIRECTOR 2.00 X 0 0 0 KIMBERLY ROBINSON DIRECTOR 2.00 X 0 0 0 MARIE BOURGEOIS DIRECTOR 2.00 X 0 0 0 MARAN GARLAND DIRECTOR 2.00 X 0 0 0 GARY FOX DIRECTOR 2.00 X 0 0 0 EMILY HARPSTER DIRECTOR 2.00 X 0 0 0 189460 0 52164 1 0 1 0 0 23835 78775 899634 1002244 TUITION 611110 4488246 4488246 ENROLLMENT AND ACTIVIT 611110 237825 237825 AUXILIARY INCOME 611110 17957 17957 4744028 20392 20392 19043 0 19043 19043 19043 54933 23835 22535 32398 32398 5818105 4744028 0 71833 595851 595851 185133 131444 35175 18514 2841498 2752983 22185 66330 62967 60058 1159 1750 330141 317262 4404 8475 226121 215674 4161 6286 6609 6609 22500 22500 38045 38045 23931 23931 88359 60763 5422 22174 51349 27182 22985 1182 142571 126175 10978 5418 102024 90291 7856 3877 342032 302698 26337 12997 43426 38949 2797 1680 CONTINUING EDUCATION 61476 61476 DUES/FEES/SUBSCRIPTIONS 61367 61367 STUDENT ACTIVITIES 38702 38702 BAD DEBT 3867 3867 44434 31835 11839 760 5312403 4916577 246383 149443 1298849 398334 825581 116974 727500 15819 63664 73144 34583 10658569 3248953 7568929 7409616 170198 94924 9243913 9554202 55993 44818 100868 53268 3267620 3130982 3424481 3229068 X 5739946 5573533 79486 751601 5819432 6325134 9243913 9554202 505702 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 928002 120803 154500 894305 950067 49508 -71573 928002 752402 197665 950067 739646 26807 14051 752402 715167 13446 701721 1.00000 0 1 1 277500 277500 9578390 2670515 6907875 802679 578438 224241 7409616 X PART V, LINE 4: THE ENDOWMENT FUND IS HELD AND ADMINISTERED BY THE PEABODY SCHOOL FOUNDATION. THE FOUNDATION EXISTS TO EXCLUSIVELY SUPPORT THE MISSION OF THE PEABODY SCHOOL. DISTRIBUTIONS FROM THE ENDOWMENT ARE USED TO SUPPORT THE NEEDS OF THE SCHOOL AS PRIORTIZED BY THE SCHOOL'S BOARD OF DIRECTORS. PART X, LINE 2: THE SCHOOL HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE SCHOOL. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATION POLICY IS CLEARLY PRINTED ON THE SCHOOL'S WEBSITE, BROCHURES, APPLICATIONS, AND OTHER SIGNIFICANT PUBLICIATIONS USED IN RECRUITING STUDENTS. IT ALSO APPEARS IN PAID NEWSPAPER AND MAGAZINE ADVERTISEMENTS. SILENT AUCTION 78768 23835 54933 2500 13326 6709 78768 23835 54933 2500 13326 6709 22535 32398 1 TUITION REDUCTIONS - FINANCIAL AID 44 595851 FAIR MARKET VALUE PART I, LINE 2: THE SCHOOL'S BUSINESS OFFICE MAINTAINS RECORDS SUPPORTING THE SELECTION CRITERIA USED TO AWARD FINANCIAL AID, WHICH ALSO INCLUDE THE AMOUNTS AWARDED AND RECIPIENT NAMES. X X X 0 0 0 0 0 0 0 0 0 ROBERT ORLANDO HEAD OF SCHOOL 189460 0 0 0 0 0 4125 0 48039 0 241624 0 0 0 A LOUISA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 541190432 000000000 2019-11-21 3400000 SEE SCH K PART IV 0 0 0 A 269019 3400000 31915 8038 2101439 2020 1 0 0 0 A 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 A 0 SCHEDULE K - PART I - COLUMN F ON JUNE 6, 2019, THE LOUISA COUNTRY INDUSTRIAL DEVELOPMENT AUTHORITY ISSUED A QUALIFIED 501(3) BOND FOR THE BENEFIT OF THE PEABODY SCHOOL. THE BOND PROCEEDS WERE FOR THE PURPOSE OF CONSTRUCTING AND EQUIPING A NEW ACADEMIC FACILITY ON THE CAMPUS OF THE PEABODY SCHOOL. IN CONJUNCTION WITH THE BOND ISSUANCE, THE SCHOOL, THE AUTHORITY, AND A BANK (AS SOLE BONDHOLDER) ENTERED INTO A BOND PURCHASE AND FINANCING ARRANGEMENT. UNDER THIS AGREEMENT, THE BANK (SOLE BONDHOLDER) ADVANCES THE BOND PROCEEDS TO THE SCHOOL IN CONJUNCTION WITH A CONSTRUCTION DRAW SCHEDULE. ON NOVEMBER 21, 2019, THIS BOND AGREEMENT WAS MODIFIED THROUGH A REDUCTION OF THE BOND INTEREST RATE FOR THE FIRST 5 YEAR REPAYMENT PERIOD. THIS MODIFICAITON WAS CONSIDERED A SIGNIFICANT MODIIFICATION OF THE ORIGINAL BOND UNDER SECTION 1.1001-3 OF TREASURY REGULATIONS AND IRS NOTICE 88-130 RESULTING IN A DEEMED EXCHANGE OR SO-CALLED "REISSUANCE" OF THE ORIGINAL BOND SINCE THE INTEREST RATE WAS ADJUSTED BY MORE THAN 25 BASIS POINTS. THEREFORE, ON NOVEMBER 21, 2019, THE AUTHORITY REISSUED THE BONDS IN ORDER TO REFUND THE ORIGINAL ISSUANCE. SCHEDULE K - PART II - LINE 7 THE LINE 7 AMOUNT OF $8,038 REPRESENTS THE ISSUANCE COSTS INCURRED IN CONJUNCTION WITH THE NOVEMBER 21, 2019 BOND REFUNDING ISSUANCE. THE AMOUNT OF BOND ISSUANCE COSTS INCURRED IN CONJUNCTION WITH THE ORIGINAL ISSUANCE AMOUNTED TO $107,981. SCHEDULE K - PART II - LINE 10 THE LINE 10 AMOUNT OF $2,101,439 REPRESENTS THE CAPITAL EXPENDITURES INCURRED IN CONJUNCTION WITH THE NOVEMBER 21, 2019 BOND REFUNDING ISSUANCE. THE CAPITAL EXPENDITURES INCURRED WITH THE ORIGINAL ISSUANCE AMOUNTED TO $1,218,689. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE HEAD OF SCHOOL AND AT LEAST ONE MEMBER OF THE BOARD OF DIRECTORS BEFORE SUBMITTING TO AN OFFICER FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C NO TRUSTEE OR OFFICER SHALL VOTE ON ANY MATTER OF CONSIDERATION AT ANY MEETING OF THE BOARD OF TRUSTEES IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT THE DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING THE CONFLICT ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL COMPENSATION IS DETERMINED BY THE FINANCE COMMITTEE AND REVIEWED BY THE BOARD OF TRUSTEES. COMPARABLE DATA FROM INDEPENDENT SCHOOL SURVEYS IS USED TO DETERMINE EQUITABLE COMPENSATION. PART VI, SECTION B, LINE 15B HAS BEEN MARKED "NO" BECAUSE THIS QUESTION IS NOT APPLICABLE TO THE SCHOOL FOR THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL'S FORM 1023 AND FORM 990 CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEAD OF SCHOOL AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEAD OF SCHOOL AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. FORM 990, PART XII, LINE 2C THE SCHOOL'S AUDIT COMMITTEE ASSUMES RESPONSBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION AND RETENTION OF INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PEABODY SCHOOL FOUNDATION 1232 STONEY RIDGE ROAD CHARLOTTESVILLE VA 22902 810803916 RECEIPT AND MANAGEMENT OF ENDOWED FUNDS TO SUPPORT THE PEABODY SCHOOL VA 501C3 LINE 12A, I THE PEABODY SCHOOL 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE PEABODY SCHOOL FOUNDATION C 78775 FAIR VALUE