2024-12-23T12:52:49-06:00 2024-06-30 541517420 WALL EINHORN & CHERNITZER PC 150 W MAIN ST SUITE 1200 NORFOLK VA 23510 990 2023-07-01 541522266 CHESAPEAKE BAY ACADEMY CHES 7574976200 821 BAKER ROAD VIRGINIA BEACH VA 23462 DR JUDY JANKOWSKI HEAD OF SCHOOL 7574976200 2024-12-23 1 1 RICHARD E GROOVER P01328729 7576254700 2024-12-23 2023 2024-10-15 13:58:12Z DR JUDY JANKOWSKI 821 BAKER ROAD VIRGINIA BEACH VA 23462 5489262 0 X WWW.CBA-VA.ORG X 1989 VA THE MISSION OF CHESAPEAKE BAY ACADEMY IS TO EDUCATE STUDENTS THROUGH ACADEMIC PROGRAMS INDIVIDUALIZED TO ADDRESS THEIR LEARNING DIFFERENCES, EMPOWERING THEM WITH THE SKILLS AND CONFIDENCE NECESSARY FOR SUCCESS IN HIGHER EDUCATION, CAREERS, AND LIFE. 29 28 59 64 0 0 1255751 1253447 3139501 2926857 21841 -1420474 -33720 -39886 4383373 2719944 850881 781510 0 0 2209345 2403648 3000 30150 258602 903430 922525 3966656 4137833 416717 -1417889 7641830 4617081 2214211 917299 5427619 3699782 THE MISSION OF CHESAPEAKE BAY ACADEMY IS TO EDUCATE STUDENTS THROUGH ACADEMIC PROGRAMS INDIVIDUALIZED TO ADDRESS THEIR LEARNING DIFFERENCES, EMPOWERING THEM WITH THE SKILLS AND CONFIDENCE NECESSARY FOR SUCCESS IN HIGHER EDUCATION, CAREERS, AND LIFE. 0 0 3377741 781510 2926857 EDUCATION FOR CHILDREN WITH LEARNING DIFFERENCES IN CLASSES WHICH ALLOW FOR INDIVIDUALIZED INSTRUCTION BASED ON LESSON PLANS AND TEACHING METHODS TAILORED TO INDIVIDUAL STUDENTS. 3377741 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 59 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X THE ORGANIZATION 7574976200 821 BAKER ROAD VIRGINIA BEACH VA 23462 AARON J COOPER TRUSTEE 1.00 X 0 0 0 ALAN B RASHKIND TRUSTEE 1.00 X 0 0 0 BRIAN WAINGER TRUSTEE 1.00 X 0 0 0 CAPTAIN LOUIS J SCHAGER VICE CHAIR 2.50 X X 0 0 0 DAVID RATHBONE TRUSTEE 1.00 X 0 0 0 DONALD L GLENUM III TRUSTEE 1.00 X 0 0 0 DR BRUCE RUBIN TRUSTEE 1.00 X 0 0 0 DR CLIFFORD CUTCHINS V TRUSTEE 1.00 X 0 0 0 DR DAVID LEVIN CHAIR 5.00 X X 0 0 0 DR JD BALL TRUSTEE 1.00 X 0 0 0 DR PATRICK D THRASHER TRUSTEE 1.00 X 0 0 0 DR PETER M DOZIER TRUSTEE 1.00 X 0 0 0 DR SARAH CHAGNON TRUSTEE 1.00 X 0 0 0 DR WILLIAM P BRITTAIN SECRETARY 5.00 X X 0 0 0 HOWARD GOODWIN TRUSTEE 1.00 X 0 0 0 JOHN PARIS TRUSTEE 1.00 X 0 0 0 JUDY JANKOWSKI HEAD OF SCHOOL 60.00 X X 214364 0 16398 JULIE HASHAGEN TRUSTEE 1.00 X 0 0 0 LINDA D BOWERS TREASURER 2.50 X X 0 0 0 LINDA MILLER-DUNLEAVY TRUSTEE 1.00 X 0 0 0 MARK ADAMS TRUSTEE 1.00 X 0 0 0 MARY HADDAD TRUSTEE 1.00 X 0 0 0 MINDY GUMPERT TRUSTEE 1.00 X 0 0 0 MIRANDA SNOWBERGER TRUSTEE 1.00 X 0 0 0 PAIGE PERRY TRUSTEE 1.00 X 0 0 0 RICHARD B THURMOND TRUSTEE 1.00 X 0 0 0 THOMAS HASTY III TRUSTEE 1.00 X 0 0 0 VICKIE V BLACK TRUSTEE 1.00 X 0 0 0 WILLIAM B BROCK TRUSTEE 1.00 X 0 0 0 214364 0 16398 1 0 1 0 0 234940 1018507 40085 1253447 TUITION AND FEES 611710 2926857 2926857 2926857 37588 37588 1188200 2646262 -1458062 -1458062 -1458062 83170 234940 123056 -39886 -39886 2719944 1468795 0 -2298 781510 781510 235144 58785 117573 58786 1884871 1636965 145795 102111 132189 111433 12528 8228 151444 121520 18552 11372 5105 766 4339 18350 2752 15598 30150 30150 6784 6784 50586 27033 23553 54041 37829 16212 100377 75283 20075 5019 101439 77504 18863 5072 55069 44056 8260 2753 148700 111525 37175 49253 34477 12313 2463 ADMINISTRATIVE EXPENSE 153690 115267 30738 7685 REPAIRS AND MAINTENANCE 106801 80101 21360 5340 EDUCATIONAL ACTIVITIES 31136 31136 TELEPHONE 18570 13927 3714 929 22624 15872 4270 2482 4137833 3377741 501490 258602 453707 295617 1089473 1022782 882464 426221 174371 280178 6414 6723 448028 396028 2581404 52000 1570608 2059324 883389 474236 7641830 4617081 246900 303348 265805 235116 1701506 378835 2214211 917299 X 2787787 1328696 2639832 2371086 5427619 3699782 7641830 4617081 X -1417889 207911 -517859 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1580224 0 168115 1748339 1388126 123059 69039 1580224 137150 1250000 976 1388126 137150 207 207 137150 82150 55000 124 124 137150 0.01100 0.85503 0.13397 0 0 448028 396028 52000 52000 INVESTMENTS 2059324 F 2059324 INTEREST IN NET ASSETS OF RECIPIENT ORGANIZATION 95401 RIGHT OF USE ASSET 378835 474236 LEASE LIABILITY 378835 378835 X 2139561 207911 207911 1931650 6784 781510 788294 2719944 3349539 0 3349539 6784 781510 788294 4137833 PART V, LINE 4: THE ENDOWMENT WAS ESTABLISHED TO PROVIDE STUDENT FINANCIAL AID. PART X, LINE 2: CBA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY CBA HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. CBA BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 781,510. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 781,510. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADS PLACED IN LOCAL NEWSPAPERS AND THE YELLOW PAGES INCLUDE A RACIALLY NONDISCRIMINATORY POLICY. IN ADDITION, AN ANNUAL PUBLICATION IN THE LOCAL NEWSPAPER OF THE POLICY WILL RUN TO COMPLY WITH REVENUE RULING 75-50. 1 ELIZABETH TARASKI LLC 821 BAKER RD VIRGINIA BEACH VA 23462 MAJOR GIFT FUNDRAISING STRATEGY PROPOSAL WRITING 0 0 30000 -30000 30000 -30000 AUCTION 286100 219940 66160 7860 23796 4650 55391 GOLF TOURNAMENT 32010 15000 17010 31359 318110 234940 83170 7860 23796 4650 86750 123056 -39886 1 TUITION ASSISTANCE 58 781510 PART I, LINE 2: FINANCIAL AID AND SCHOLARSHIPS ARE DETERMINED BY THE ACADEMY AND TRACKED IN THE ACADEMY'S TUITION MANAGEMENT SYSTEM. X X X X 0 0 0 0 0 0 0 0 0 JUDY JANKOWSKI HEAD OF SCHOOL 214364 0 0 0 0 0 0 0 16398 0 230762 0 0 0 PART I, LINE 3 THE BOARD IS AUTHORIZED TO SET THE COMPENSATION OF THE HEAD OF SCHOOL. X AUCTION ITEMS AND OTHER EVENT GIFTS 298 40085 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS NOT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS GIVEN TO ALL BOARD MEMBERS FOR REVIEW BEFORE BEING APPROVED BY THE DIRECTOR OF FINANCE FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. ALL EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AS A PART OF THEIR JOB CONTRACT. THE MAJOR AREA THAT IS A PART OF THE EMPLOYMENT CONTRACT IS A COVENANT NOT TO COMPETE OR PERFORM THE SAME TYPE OF WORK WITHIN A CERTAIN RANGE OF AREA WHILE UNDER CONTRACT WITH THE SCHOOL AND ALSO FOR A CERTAIN TIME AFTER TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS AUTHORIZED TO SET THE COMPENSATION OF THE HEAD OF SCHOOL AND THE BOARD IS AUTHORIZED TO INCREASE THE SALARIES OF EMPLOYEES. THE BOARD FOLLOWS A POLICY OF INCREASE IN COMPENSATION OF HEAD OF SCHOOL BASED ON OTHER HEADS OF SCHOOL IN THE REGION BASED ON THE NAIS DATA. THE BOARD VOTES ON EMPLOYEE'S SALARY INCREASES BASED ON THE HEAD OF SCHOOL RECOMMENDATION WHICH IS BASED ON A PERCENTAGE IN THE RANGE OF 3% TO 5% INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL DOES NOT HAVE ANY ARRANGEMENTS TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAIALBLE TO THE GENERAL PUBLIC. HOWEVER, THESE DOCUMENTS ARE MADE AVAILABLE TO THE PARTIES WHO REQUEST THEM. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF RECIPIENT ORGANIZATION -430,305. BAD DEBT RECOVERY 8,417. BAD DEBT -95,971. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS AND FOR SELECTING AN INDEPENDENT AUDITOR.