2025-02-05T00:28:03-06:00 2024-06-30 REDW LLC 475 COTTAGE STREET NE SUITE 200 SALEM OR 97301 990 2023-07-01 931319372 HOME SCHOLARS' ACADEMY OF OAKRIDGE & WES HOME 5419429707 809 S 10TH ST COTTAGE GROVE OR 97424 JEANET CAMPBELL VICE PRESIDENT/TREASURER 5419429707 2025-01-27 1 0 LARRY E GRANT CPA P00145717 5035817788 2025-01-27 2023 2025-03-06 01:10:19Z ACADEMY FOR CHARACTER EDUCATION STARR SAHNOW 809 S 10TH ST COTTAGE GROVE OR 97424 3443924 0 X WWW.ACECLASSICALED.ORG X 2001 OR TO PROVIDE EDUCATION THROUGH A CHARTER SCHOOL. 5 5 0 5 0 0 439991 560601 2829600 2811781 65462 70775 3200 0 3338253 3443157 0 0 0 0 158334 156141 0 0 0 2914033 2646102 3072367 2802243 265886 640914 6537061 6758731 4750018 4330774 1787043 2427957 X THE MISSION OF ACADEMY FOR CHARACTER EDUCATION IS TO INCREASE STUDENT LEARNING AND ACHIEVEMENT THROUGH PRIORITIZING THE DEVELOPMENT OF GOOD CHARACTER. THE ACADEMY, IN SUPPORT OF FAMILIES, PROVIDES INSTRUCTION AND RESOURCES FOR FAMILIES TO STRENGTHEN THE BALANCED GROWTH OF THE CHILDREN IN THEIR HOUSEHOLD. 0 0 2513309 2811781 ACE CHARTER SCHOOL OFFERS AN ACADEMICALLY CHALLENGING, COLLEGE PREPARATORY CURRICULUM. THE SCHOOL STAFF WORKS TOGETHER WITH FAMILIES AND STUDENTS TO CREATE AN EDUCATIONALLY STIMULATING ENVIRONMENT - ONE THAT IS SCHOLASTICALLY RIGOROUS, COMPREHENSIVE, AND INTENSIVE. INSTRUCTION IS PROVIDED TO K-12 STUDENTS THROUGH TUTORING, SMALL CLASS SIZES AND INSTRUCTIONAL EVENTS. FOR THE 2023-2024 FISCAL YEAR, THERE WERE 22 TEACHERS, 16 STAFF MEMBERS AND 336 STUDENTS. 2513309 1 1 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 1 0 0 0 0 0 0 1 0 0 0 1 37 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 OR X DAVID CURL 5419429707 76504 POPLAR ST OAKRIDGE OR 97463 JOSEPH LEWIS CHAIR 3.00 X X 0 0 0 JEANET CAMPBELL VICE CHAIR/TREASURER 2.00 X X 3024 0 0 DANIELLE BROWN MEMBER AT LARGE 1.00 X 0 0 0 KATHRYN DUMAS SECRETARY 2.00 X X 0 0 0 BRANDON HOCKEMA MEMBER AT LARGE (SINCE 7/25/23) 1.00 X 0 0 0 STARR SAHNOW DIRECTOR OF CHARTER SCHOOL 25.00 X 0 0 0 AMANDA HINKLE RHETORIC ACADEMIC DEAN 25.00 X 0 0 0 3024 0 0 0 0 0 0 MCKENZIE COMMERCIAL 3625 WEST FIRST AVENUE EUGENE OR 97402 SCHOOL RENOVATION 2251153 PARTNERSHIP FOR ACADEMICALLY CREATIVE TE PO BOX 2164 TERREBONNE OR 97760 CONTRACT LABOR 1413534 2 559502 1099 560601 CHARTER SCHOOL STATE S 611110 2596544 2596544 CHARGES FOR SERVICES 611110 215237 215237 2811781 4093 4093 67449 67449 767 -767 -767 -767 3443157 2811781 0 70775 X 156141 117106 39035 168220 168220 18606 18606 30000 30000 1525190 1525190 384 384 88087 66065 22022 14673 11005 3668 87670 87670 2024 397 1627 324293 318921 5372 45064 45064 23562 23562 INSTRUCTIONAL SUPPLIES 285256 285256 INSTRUCTIONAL EVENTS 31889 31889 TAXES & FEES 1184 1184 2802243 2513309 288934 0 3523280 827186 461358 535896 8123 1385 1051606 104259 802865 947347 1741435 4446917 6537061 6758731 406288 131926 4141202 4098967 179067 87142 23461 12739 4750018 4330774 X 0 0 945493 1688033 841550 739924 1787043 2427957 6537061 6758731 640914 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 400000 400000 340000 340000 311606 104259 207347 947347 CONSTRUCTION IN PROGRESS 4434632 RIGHT TO USE LEASE ASSETS 28917 LESS ACCUMULATED AMORTIZATION ON RIGHT TO USE LEASE ASSETS -16632 4446917 LEASE LIABILITY 12739 12739 X 3443924 767 767 3443157 0 3443157 2803010 767 767 2802243 0 2802243 PART X, LINE 2: THE ACADEMY FOLLOWS ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. DISCLOSURE IS NOT REQUIRED OF A LOSS CONTINGENCY INVOLVING AN UNASSERTED CLAIM OR ASSESSMENT WHEN THERE HAS BEEN NO MANIFESTATION BY A POTENTIAL CLAIMANT OF AN AWARENESS OF A POSSIBLE CLAIM OR ASSESSMENT UNLESS IT IS CONSIDERED PROBABLE THAT A CLAIM WILL BE ASSERTED AND THERE IS A REASONABLE POSSIBILITY THAT THE OUTCOME WILL BE UNFAVORABLE. AS OF JUNE 30, 2024 THE ACADEMY HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 767. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 767. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 HOME SCHOLARS' ACADEMY OF OAKRIDGE AND WESTFIR, INC. IS A CHARTER SCHOOL. THEREFORE, THE SCHOOL IS CONSIDERED A PUBLIC SCHOOL RATHER THAN A PRIVATE SCHOOL AND IS NOT REQUIRED TO COMPLETE SCHEDULE E. A STATE OF OREGON OREGON FACILITIES AUTHORITY 936001787 68607AAD3 2022-11-30 4220000 SEE PART VI 0 0 0 A 45000 4139820 492617 240733 4434632 0 0 0 1 A 1 0 0 0 0 1 A 1 PART I, (F) DESCRIPTION OF PURPOSE: THE SERIES 2022 BONDS WERE ISSUED FOR THE PURPOSE OF (1) FINANCING THE RENOVATION, IMPROVEMENT AND EQUIPPING OF CHARTER SCHOOL EDUCATIONAL AND ADMINISTRATIVE FACILITIES LOCATED IN COTTAGE GROVE, OREGON, (2) REIMBURSING ACADEMY FOR CHARTER EDUCATION (ACE) FOR CERTAIN EXPENSES, (3) FUNDING THE DEBT SERVICE RESERVE ACCOUNT REQUIREMENT, (4) POTENTIALLY FUNDING CAPITALIZED INTEREST AND (5) PAYING CERTAIN COSTS OF ISSUANCE RELATED TO THE SERIES 2022A&B BONDS. DAVID CURL RELATED TO DIRECTOR. 35754 RECEIVED COMPENSATION FROM ORGANIZATION AS FISCAL & COLLECTIONS CONSULTANT. 0 PHIL SAHNOW SPOUSE OF DIRECTOR. 11000 RECEIVED COMPENSATION FROM ORGANIZATION FOR REPAIRS AND MAINTENANCE SERVICES. 0 FORM 990, PART VI, SECTION A, LINE 7A PARENTS OF THE CHILDREN ATTENDING HOME SCHOLARS' ACADEMY ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE BOARD AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO REPORT ANNUALLY ANY CONFLICTS OF INTEREST. EACH NEW BOARD MEMBER IS REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL DOCUMENTS WOULD BE DEVOID OF ACTUAL NAMES AND TIME REQUIRED TO COLLECT DOCUMENTS WOULD BE SUBJECT TO A FEE FOR SERVICES. FORM 990, PART IX, LINE 11G INSTRUCTIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,525,190. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,525,190. SOUTH LANE SCHOOL DISTRICT 455 ADAMS AVENUE COTTAGE GROVE OR 97424 936000589 SCHOOL DISTRICT OR 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SOUTH LANE SCHOOL DISTRICT S 2811781 CHARTER SCHOOL CONTRACT SOUTH LANE SCHOOL DISTRICT C 320659 ACCOUNTING RECORDS