2024-05-07T05:42:43-05:00 2023-06-30 043121055 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2022-07-01 042592472 CAPE COD ACADEMY CAPE 5084285400 50 OSTERVILLE WEST BARNSTABLE RD OSTERVILLE MA 02655 MICHAEL PIERCE CHAIR 5084285400 2024-04-11 1 MICHAEL PIERCE 999009999 0 AMANDA ADAMS P00748038 7813562000 2024-04-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR JAMES T HOECK 50 OSTERVILLE WEST BARNSTABLE RD OSTERVILLE MA 02655 12262716 0 X WWWW.CAPECODACADEMY.ORG X 1976 MA CAPE COD ACADEMY, INC. ("THE ACADEMY") FOSTERS A LIFE-LONG DRIVE TO LEARN AND GROW AND MAKE A DIFFERENCE IN THE WORLD. THE ACADEMY TEACHES STUDENTS HABITS OF HEART AND MIND THAT PREPARE THEM TO BE SUCCESSFUL IN COLLEGE, HEALTY IN LIFE, AND CONTRIBUTORS TO SOCIETY - BOTH LOCALLY AND GLOBALLY. 13 10 129 24 0 0 1427768 1806433 10015374 10211775 864 24275 119824 115449 11563830 12157932 3792643 3443856 0 0 4955095 5658930 0 0 337095 2310494 2372794 11058232 11475580 505598 682352 13042958 11947219 11269689 9491598 1773269 2455621 X CAPE COD ACADEMY, INC. ("THE ACADEMY") FOSTERS A LIFE-LONG DRIVE TO LEARN AND GROW AND MAKE A DIFFERENCE IN THE WORLD. THE ACADEMY TEACHES STUDENTS HABITS OF HEART AND MIND THAT PREPARE THEM TO BE SUCCESSFUL IN COLLEGE, HEALTHY IN LIFE AND CONTRIBUTORS TO SOCIETY - BOTH LOCALLY AND GLOBALLY. 0 0 9923738 3443856 10211775 THE ACADEMY NURTURES STUDENTS' INDIVIDUAL TALENTS AND CURIOSITIES AND OFFERS MULTIPLE OPPORTUNITIES FOR SELF-DIRECTED STUDY, SERVICE, AND LEADERSHIP. THE ACADEMY OFFERS A FULL KINDERGARTEN THROUGH 12 EDUCATION WITH A FOCUS ON EARLY CHILDHOOD DEVELOPMENT, ART AND MUSIC, AP CLASSES, SERVICE & ENTREPRENEURSHIP AND MORE. THE INTEGRATED CURRICULUM THROUGHOUT CAPE COD ACADEMY'S LOWER, MIDDLE AND UPPER SCHOOLS ALLOWS OUR STUDENTS TO STRETCH THEIR POTENTIAL. 9923738 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 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 54 0 1 129 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X CHRISTINE CORYER BUSINESS MANAGER 5084285400 50 OSTERVILLE-WBARNSTABLE ROAD OSTERVILLE MA 02655 CHARLENE HOLLAND SECRETARY 2.00 X X 0 0 0 JAMES T HOECK TREASURER 5.00 X X 0 0 0 JOEL CROWELL CHAIR 5.00 X X 0 0 0 ROBERT C PEMBERTON VICE CHAIR 5.00 X X 0 0 0 CHARLOTTE CANZANO TRUSTEE 2.00 X 0 0 0 JITKA BOROWICK TRUSTEE 2.00 X 0 0 0 KIMBERLY STRAUBING TRUSTEE 2.00 X 0 0 0 THOMAS MURRAY TRUSTEE 2.00 X 0 0 0 TIMOTHY CALISE TRUSTEE 2.00 X 0 0 0 CHRIS WRAY TRUSTEE 5.00 X 0 0 0 JOHN HAILER TRUSTEE 2.00 X 0 0 0 SONYA MITCHELL TRUSTEE 2.00 X 0 0 0 MICHAEL D PIERCE TRUSTEE 2.00 X 0 0 0 JEFF THOMPSON HEAD OF SCHOOL 40.00 X 309217 0 12000 HELLIE SWARTWOOD DIRECTOR OF ADVANCEMENT 40.00 X 111397 0 4452 LISA FOURNIER KOWALESKI ASSISTANT HEAD OF SCHOOL 40.00 X 126300 0 69756 546914 0 86208 3 0 1 0 BOARDWALK BUSINESS GROUP PO BOX 565 FORESTDALE MA 02644 FINANCE/ACCOUNTING 188416 1 215571 857972 732890 47621 1806433 TUITION AND FEES 611110 10180853 10180853 SCHOOL STORE AND OTHER 611110 30922 30922 10211775 6337 6337 94938 0 94938 94938 94938 17938 0 17938 17938 17938 123255 215571 104784 18471 18471 2040 2040 2040 12157932 10211775 0 139724 3443856 3443856 321217 247337 64243 9637 3694531 3187615 247596 259320 72891 69423 3016 452 1237302 1212639 6645 18018 332989 291499 22875 18615 28657 28657 35437 35437 284830 284830 34048 34048 60642 3064 57067 511 46964 46964 466087 442783 23304 11046 8671 2375 137892 137892 520391 490336 23524 6531 162640 11605 150352 683 INSTRUCTION AND STUDENT 457560 457560 BAD DEBT 56960 56960 69640 390 45922 23328 11475580 9923738 1214747 337095 743389 834005 138659 346440 29400 9150 80803 46810 200 68600 18631 23654013 12961830 11076696 10692183 905211 0 13042958 11947219 458351 637204 1729004 1861116 8225000 6750000 767198 150000 90136 93278 11269689 9491598 X 1538310 2088794 234959 366827 1773269 2455621 13042958 11947219 682352 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3063462 3063462 17479236 10194007 7285229 1148824 1011852 136972 1962491 1755971 206520 10692183 FINANCE LEASE LIABILITIES 93278 93278 X 8771239 57163 57163 8714076 3443856 3443856 12157932 8088887 57163 57163 8031724 3443856 3443856 11475580 PART X, LINE 2: THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT JUNE 30, 2023 AND 2022, MANAGEMENT BELIEVES THAT THE ACADEMY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 57,163. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION AND FEE REVENUE 3,443,856. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 57,163. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION AND FEE REVENUE 3,443,856. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A COMMON ADVERTISEMENT IN BOSTON AND LOCAL NEWSPAPERS STATING THE SCHOOL'S NON-DISCRIMINATION POLICY. THE STATEMENT APPEARS ON ALL SCHOOL LITERATURE AND IS MENTIONED ON ALL RADIO ADVERTISEMENTS. SCHEDULE E, PART I, LINE 6 DURING THE TAX YEAR THE ACADEMY RECORDED GOVERNMENT GRANT REVENUE RELATING TO A PAYCHECK PROTECTION PROGRAM LOAN AND THE EMPLOYEE RETENTION TAX CREDIT. SPRING GALA 338826 215571 123255 34402 70382 338826 215571 123255 34402 70382 104784 18471 1 FINANCIAL AID 251 0 3443856 BOOK TUITION REDUCTION PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: PARENTS OF STUDENTS APPLYING FOR FINANCIAL AID MUST COMPLETE A PFS (PARENT'S FINANCIAL STATEMENT) AND SEND TO SSS BY FEBRUARY 1ST. SSS IS AN INDEPENDENT THIRD PARTY FIRM USED BY INDEPENDENT SCHOOLS AROUND THE WORLD, TO CALCULATE THE REASONABLE FAMILY CONTRIBUTION. THE FINANCIAL AID COMMITTEE PROCESSES THE APPLICATIONS AND DETERMINES THE AMOUNT OF ASSISTANCE BASED ON FINANCIAL NEED. ONCE AWARDED, FINANCIAL AID IS GRANTED IN THE FORM OF TUITION REDUCTION, SO NO MONITORING OF THE USE OF FUNDS IS NECESSARY. X X X X X 0 0 0 0 0 0 0 0 0 JEFF THOMPSON HEAD OF SCHOOL 300000 0 0 0 9217 0 12000 0 0 0 321217 0 0 0 LISA FOURNIER KOWALESKI ASSISTANT HEAD OF SCHOOL 126300 0 0 0 0 0 5052 0 64704 0 196056 0 0 0 PANDION BAY PARTNERS LLC ENTITY OWNED >35% BY TRUSTEES FUND OPERATIONS X 8750000 6750000 0 1 1 6750000 42000 FINANCIAL AID EDUCATION PANDION BAY PARTNERS LLC ENTITY OWNED >35% BY TRUSTEES 107623 INTEREST PAID ON LOAN TO ORGANIZATION 0 X AUCTION ITEMS 118 47621 0 0 0 0 PART I, COLUMN (B): THE AMOUNT REPORTED IS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS USED TO REVIEW FORM 990: FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE, HEAD OF SCHOOL, AUDITORS AND THE FINANCE COMMITTEE AND BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: A CONFLICT OF INTEREST DISCLOSURE FORM IS FORMALLY PRESENTED, REVIEWED AND COMPLETED BY EACH TRUSTEE. IT IS REFERENCED AS NEEDED BY THE BOARD AND STAFF THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE HEAD OF SCHOOL WAS REVIEWED AND APPROVED BY THE EXECUTIVE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.