2026-02-19T11:23:39-06:00 2025-06-30 850203431 REDW LLC 475 COTTAGE STREET NE SUITE 200 SALEM OR 97301 990 2024-07-01 931319372 HOME SCHOLARS' ACADEMY OF OAKRIDGE & WES HOME 5419429707 809 S 10TH ST COTTAGE GROVE OR 97424 JEANET CAMPBELL CHAIR 5419429707 2026-02-12 1 0 LARRY E GRANT CPA P00145717 5035817788 2026-02-12 2024 2025-03-06 01:10:19Z ACADEMY FOR CHARACTER EDUCATION STARR SAHNOW 809 S 10TH ST COTTAGE GROVE OR 97424 3972843 0 X WWW.ACECLASSICALED.ORG X 2001 OR TO PROVIDE EDUCATION THROUGH A CHARTER SCHOOL. 6 6 0 5 0 0 560601 369563 2811781 3569593 70775 28918 0 4769 3443157 3972843 0 0 0 0 156141 184136 0 0 0 2646102 3101796 2802243 3285932 640914 686911 6758731 7290301 4330774 4175433 2427957 3114868 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 3001205 3574087 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 2024-2025 FISCAL YEAR, THERE WERE 36 TEACHERS AND STAFF AND 350 STUDENTS. 3001205 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 36 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 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 VICE CHAIR/TREASURER 0.50 X X 0 0 0 JEANET CAMPBELL CHAIR 1.00 X X 1465 0 0 DANIELLE BROWN SECRETARY 1.00 X X 0 0 0 BRANDON HOCKEMA MEMBER AT LARGE 0.50 X 0 0 0 MATTHEW VAN DYK MEMBER AT LARGE 0.50 X 0 0 0 CHANTAL HALL MEMBER AT LARGE (FROM 9/24) 0.50 X 0 0 0 STARR SAHNOW DIRECTOR OF CHARTER SCHOOL 40.00 X 4000 0 0 AMANDA HINKLE RHETORIC ACADEMIC DEAN 40.00 X 4000 0 0 9465 0 0 0 0 0 0 PARTNERSHIP FOR ACADEMICALLY CREATIVE TE PO BOX 2164 TERREBONNE OR 97760 CONTRACT LABOR 1354902 MCKENZIE COMMERCIAL 3625 WEST FIRST AVENUE EUGENE OR 97402 SCHOOL RENOVATION 238467 2 256325 109661 3577 369563 CHARTER SCHOOL STATE S 611110 3349423 3349423 CHARGES FOR SERVICES 611110 220170 220170 3569593 4577 4577 24341 24341 275 0 275 275 275 FSA FORFEITURE 900099 3094 3094 TOUR FEES 900099 1400 1400 4494 3972843 3574087 0 29193 X 184136 138102 46034 155909 155909 7530 7530 34000 34000 1615850 1615850 242 242 103953 77966 25987 51155 38366 12789 197560 197560 807 807 299026 296790 2236 199985 199985 19199 19199 INSTRUCTIONAL SUPPLIES 360027 360027 INSTRUCTIONAL EVENTS 53784 53784 SERVICES & ACTIVITIES 1572 1572 TAXES & FEES 1197 1197 3285932 3001205 284727 0 827186 1532384 535896 326160 1385 40828 5863013 479477 947347 5383536 4446917 7393 6758731 7290301 131926 38782 4098967 4051732 87142 77148 12739 7771 4330774 4175433 X 0 0 1688033 1234278 739924 1880590 2427957 3114868 6758731 7290301 686911 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 400000 400000 4966033 151771 4814262 180125 180125 0 316855 147581 169274 5383536 LEASE LIABILITY 7771 7771 X 3972843 0 3972843 0 3972843 3285932 0 3285932 0 3285932 PART X, LINE 2: THE ACADEMY FOLLOWS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP). 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, 2025, THE ACADEMY HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON THIS GUIDANCE. THE ACADEMY'S FEDERAL AND STATE INFORMATION RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THEIR TAX RETURNS. IN GENERAL, THE FEDERAL AND STATE INCOME TAX RETURNS HAVE A THREE-YEAR STATUTE OF LIMITATIONS. 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 50000 4139820 483015 240733 4139820 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. PART I, (E) ISSUE PRICE VS. PART II, BOX 3 TOTAL PROCEEDS OF ISSUE: THE DIFFERENCE BETWEEN THE ISSUE PRICE OF $4,220,000 (PART I, COLUMN (E)) AND TOTAL PROCEEDS OF ISSUE OF $4,139,820 (PART II, BOX 3) IS $80,180 OF DISCOUNT ON ISSUANCE OF THE BONDS. AUSTIN SAHNOW CHILD OF DIRECTOR. 11500 RECEIVED COMPENSATION FROM ORGANIZATION FOR IT SUPPORT SERVICES. 0 DAVID CURL RELATED TO DIRECTOR. 38605 RECEIVED COMPENSATION FROM ORGANIZATION AS FISCAL & COLLECTIONS CONSULTANT. 0 PHIL SAHNOW SPOUSE OF DIRECTOR. 12000 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 1,615,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,615,850. 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 3569593 CHARTER SCHOOL CONTRACT SOUTH LANE SCHOOL DISTRICT C 256325 ACCOUNTING RECORDS