2024-05-15T14:48:45-05:00 2023-06-30 832175462 MARSHALL JONES 3097 E SHADOWLAWN AVE NE ATLANTA GA 30305 990 2022-07-01 721552418 GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP GEOR 6784102504 HAPEVILLE CHARTER SCHOOLS HAPEVILLE GA 30354 TERRY MARTIN CFO 6784102504 2024-05-15 1 TERRY MARTIN 999009999 1 NATHAN LUMMUS P02049603 4042312001 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TERRY MARTIN HAPEVILLE CHARTER SCHOOLS HAPEVILLE GA 30354 8828981 0 X HAPEVILLEMS.ORG/HAPEVILLECHARTER.ORG X 2003 GA THE GEORGIA MAGNET/CHARTER SCHOOLS FOUNDATION, CORP. WAS FORMED TO GOVERN HAPEVILLE CHARTER SCHOOL AND CAREER ACADEMY, A FULTON COUNTY SCHOOL SYSTEM PUBLIC CHARTER SCHOOL PROVIDING INSTRUCTION TO GRADES 6 THROUGH 12 WHO RESIDE WITHIN THE FULTON COUNTY SCHOOL SYSTEM ATTENDANCE ZONE. 3 3 111 0 0 0 13787442 8823075 0 406 -49463 5500 79128 0 13817107 8828981 0 0 0 0 7674288 6584337 0 0 0 4257990 3358005 11932278 9942342 1884829 -1113361 21623935 23337398 25293569 28120393 -3669634 -4782995 X THE GEORGIA MAGNET/CHARTER SCHOOLS FOUNDATION, CORP. WAS FORMED TO GOVERN HAPEVILLE CHARTER SCHOOL AND CAREER ACADEMY, A FULTON COUNTY SCHOOL SYSTEM PUBLIC CHARTER SCHOOL PROVIDING INSTRUCTION TO GRADES 6 THROUGH 12 WHO RESIDE WITHIN THE FULTON COUNTY SCHOOL SYSTEM ATTENDANCE ZONE. 0 0 8150595 5906 THE ORGANIZATION'S PROGRAM SERVICE IS TO INCREASE STUDENT ACHIEVEMENT OF THE STUDENTS ATTENDING HAPEVILLE CHARTER SCHOOLS (WHICH INCLUDES HAPEVILLE CHARTER MIDDLE SCHOOL AND HAPEVILLE CHARTER CAREER ACADEMY). DURING THE 2021-2022 SCHOOL YEAR, 1,000+ STUDENTS WERE ENROLLED IN GRADES 6 THROUGH 12. THE GRADUATION RATE WAS REPORTED AT 95%. A PORTION OF THE TOTAL REVENUES OF $13,867,709 INCLUDED THE PPP LOAN FORGIVENESS, THE FEDERAL FREE/REDUCED REIMBURSEMENTS, AND FEDERAL TITLE I GRANTS. DURING THE 2021-2022 SCHOOL YEAR, THE TOTAL EXPENSES WERE $11,932,280. 8150595 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 111 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X CARLA OLSEN 4047677745 HAPEVILLE CHARTER SCHOOLS HAPEVILLE GA 30354 CORLISS DAVENPORT CEO 1.00 X X 0 0 0 TERRY MARTIN CFO 1.00 X X 0 0 0 H LEW VALERO SECRETARY 1.00 X X 0 0 0 AUDREY GREER PRINCIPAL (HCMS) 40.00 X 8145 0 0 RICHARD FOWLER PRINCIPAL (HCCA) 40.00 X 108608 0 0 MIKE RAMOS EXECUTIVE DIRECTOR 40.00 X 145658 0 0 262411 0 0 2 0 0 0 0 8631678 191397 8823075 FOOD SERVICES 611110 406 406 406 5500 0 5500 5500 5500 8828981 5906 0 0 262411 262411 3835986 3221713 614273 2419195 1901708 517487 66745 52468 14277 67905 67905 21645 21645 8100 8100 27416 24674 2742 527108 474397 52711 262493 262493 512630 512630 102328 14326 88002 TRANSPORTATION 460765 460765 STUDENT ACTIVITIES AND 284806 284806 CONTRACT LABOR 276841 276841 LUNCH EXPENSES 220640 220640 585328 443134 142194 9942342 8150595 1791747 0 1440242 797947 3481720 3366019 90122 54076 2500 34971 17807173 6135831 11947808 11671342 4661543 7413043 21623935 23337398 476107 129888 7380094 7008980 17437368 20981525 25293569 28120393 X -8237348 -9445357 4567714 4662362 0 0 -3669634 -4782995 21623935 23337398 -1113361 0 X X 0 1 X 1 0 X 1381408 1381408 16425765 6135831 10289934 11671342 DEFERRED OUTFLOWS RELATED TO PENSIONS 6199270 DEFERRED OUTFLOWS RELATED TO OPEB PENSIONS 1213773 7413043 NET PENSION LIABILITY 13049496 DEFERRED INFLOWS OF RESOURCES 435632 OPEB PENSION LIABILITY 4427614 OPEB DEFERRED INFLOWS OF RESOURCES 3068783 20981525 X 8828981 0 8828981 0 8828981 9942342 0 9942342 0 9942342 PART X, LINE 2: THE SCHOOL ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE SCHOOL OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE SCHOOL'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE SCHOOL HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 BUDGETED YEARLY FUNDING SOURCES RECEIVED BY HAPEVILLE CHARTER SCHOOL AND CAREER ACADEMY (WHICH IS GOVERNED BY THE GEORGIA MAGNET/CHARTER SCHOOLS FOUNDATION, CORP.) INCLUDE: (1) PER STUDENT FUNDING FROM THE FULTON COUNTY SCHOOL SYSTEM BASED ON STATE DEPARTMENT OF EDUCATION (DOE) DISBURSEMENTS IN ADDITION TO FULTON COUNTY SCHOOL SYSTEM DISBURSEMENTS; (2) TITLE I FUNDING (PART A, DISADVANTAGED STUDENTS); (3) TITLE I FUNDING (PART A, ARRA); (4) NATIONAL SCHOOL LUNCH PROGRAM AND THE SCHOOL BREAKFAST PROGRAM. FACILITIES GRANTS ARE AVAILABLE TO CHARTER SCHOOLS IN THE STATE OF GEORGIA WHICH REQUIRE A YEARLY APPLICATION PROCESS FOR REVIEW AND POSSIBLE APPROVAL BY THE STATE DOE CHARTER SCHOOLS OFFICE OR THE STATE BOARD OF EDUCATION. (5) CARES ACT DISTRIBUTION X 0 0 0 0 0 0 0 0 0 A DEVELOPMENT AUTHORITY OF FULTON COUNTY 2009-07-01 11650000 FUNDS USED TO FINANCE A NEW HIGH SCHOOL CONSTRUCTION 0 0 0 A 11650000 105485 11428559 2010 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 BB&T 5.000000000000 0 0 0 1 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 ARE DISTRIBUTED TO THE OFFICERS OF THE FOUNDATION BOARD PRIOR TO SUBMITTAL TO THE IRS. THE OFFICERS ARE REQUESTED TO REVIEW IN ORDER TO HAVE TIME TO PREPARE QUESTIONS FOR CLARIFICATION. THE FORM 990 IS FILED WITH THE IRS ONLY AFTER APPROVAL OF EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED AS PART OF EACH REGULARLY SCHEDULED BOARD MEETING. BOARD MEETING DATES ARE SET ONCE A YEAR AND POSTED ON THE MIDDLE AND HIGH SCHOOL WEBSITES. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEE SALARIES PAID BY THE ORGANIZATION WERE DETERMINED BY ANALYSIS OF SALARIES OF EQUIVALENT POSITIONS OF THE FULTON COUNTY SCHOOL SYSTEM. THE OFFICERS OF THE CORPORATION REVIEW THE BUDGET (INCLUDING SALARY LEVELS) TO BE SET FOR THE FOLLOWING YEAR WITH COMPARATIVE SALARY SCHEDULES FROM THE FULTON COUNTY SCHOOL SYSTEM. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE INCLUDED IN THE CHARTER PETITION WHICH IS POSTED ON THE SCHOOL'S WEBSITE. THE CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES ARE INCLUDED IN THE ORGANIZATION'S POLICIES AND PROCEDURES MANUAL WHICH IS MAINTAINED IN THE OFFICES OF THE PRINCIPAL. FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORTS SUBMITTED TO THE STATE DEPARTMENT OF EDUCATION (DOE) AND ACCESSIBLE THROUGH THE STATE DOE WEBSITE. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN HOW THE BOARD ASSUMES OVERSIGHT FOR THE AUDIT OF THE FINANCIAL STATEMENTS OR THE APPROVAL OF THE 990.