Civic Intelligence

Midtown International School Inc.

990 • Fiscal year 2016 • EIN 45-5297366

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 17, 2017

1575 Sheridan Rd NEAtlanta, GA 30324

(404) 542-7003

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.70x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

67th percentile

8.3%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$81,385

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

68th percentile

7.2%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

24%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,198,517

Up $417,156 (+7.2%) from 2015

Net Assets

Up

$1,099,219

Up $248,635 (+29%) from 2015

Liabilities

Up

$5,099,298

Up $168,521 (+3.4%) from 2015

Revenue

Up

$3,000,410

Up $589,360 (+24%) from 2015

Expenses

Up

$2,751,775

Up $1,144,084 (+71%) from 2015

Net Income

Down

$248,635

Down $554,724 (-69%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2013: $105,388Liabilities 2013: $45,5662013Assets 2014: $224,366Liabilities 2014: $177,141Net Assets 2014: $47,2252014Assets 2015: $5,781,361Liabilities 2015: $4,930,777Net Assets 2015: $850,5842015Assets 2016: $6,198,517Liabilities 2016: $5,099,298Net Assets 2016: $1,099,2192016Assets 2017: $5,348,291Liabilities 2017: $4,685,035Net Assets 2017: $663,2562017Assets 2018: $4,551,350Liabilities 2018: $4,145,296Net Assets 2018: $406,0542018Assets 2019: $4,192,138Liabilities 2019: $4,809,592Net Assets 2019: -$617,4542019Assets 2020: $4,217,182Liabilities 2020: $6,655,254Net Assets 2020: -$2,438,0722020Assets 2021: $3,913,810Liabilities 2021: $5,813,406Net Assets 2021: -$1,899,5962021Assets 2022: $3,618,356Liabilities 2022: $6,236,346Net Assets 2022: -$2,617,9902022Assets 2023: $3,614,976Liabilities 2023: $6,488,618Net Assets 2023: -$2,873,6422023Assets 2024: $3,503,009Liabilities 2024: $6,618,305Net Assets 2024: -$3,115,2962024

Highlighted filing

2016

Assets$6,198,517
Liabilities$5,099,298
Net Assets$1,099,219

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $88,918Expenses 2013: $35,203Net Income 2013: $53,7152013Revenue 2014: $962,299Expenses 2014: $974,894Net Income 2014: -$12,5952014Revenue 2015: $2,411,050Expenses 2015: $1,607,691Net Income 2015: $803,3592015Revenue 2016: $3,000,410Expenses 2016: $2,751,775Net Income 2016: $248,6352016Revenue 2017: $3,227,795Expenses 2017: $3,663,758Net Income 2017: -$435,9632017Revenue 2018: $3,694,944Expenses 2018: $4,344,101Net Income 2018: -$649,1572018Revenue 2019: $3,998,205Expenses 2019: $4,994,760Net Income 2019: -$996,5552019Revenue 2020: $4,296,204Expenses 2020: $6,116,822Net Income 2020: -$1,820,6182020Revenue 2021: $5,852,000Expenses 2021: $5,233,651Net Income 2021: $618,3492021Revenue 2022: $3,935,824Expenses 2022: $4,675,086Net Income 2022: -$739,2622022Revenue 2023: $4,056,596Expenses 2023: $4,081,944Net Income 2023: -$25,3482023Revenue 2024: $3,631,160Expenses 2024: $3,834,166Net Income 2024: -$203,0062024

Highlighted filing

2016

Revenue$3,000,410
Expenses$2,751,775
Net Income$248,635
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$4,196,797
Mission and Program Overview

Mission

Operation of an educational institution. Through advanced instruction, Midtown International School serves gifted students in a small class environment with a globally minded curriculum and problem based instruction.

Midtown international school serves gifted and academically superior students who thrive in small class environments. The globally-minded curriculum and problem-based instruction create a community of engaged global leaders dedicated to the values of respect, responsibility, citizenship, and justice. The school immerses students in a diversity of viewpoints that transcend national, ethnic, and socio-economic boundaries. Problem solving and critical thinking are the foundation of our integrated curriculum, developing inquisitive, flexible, and collaborative thinkers who will be successful in a knowledge-driven global society. Mis ignites the educational and social learning of gifted students through advanced instruction in science, math, and technology; arts integration across the curriculum; development of student leadership and peer collaboration; strategic community partnerships; and international travel for all upper elementary, middle, and high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,170,779$4,520,613▼ $650,166
Loans From Officers Directors$3,800,000$4,067,230▲ $267,230
Cash and Non-Interest-Bearing Accounts$560,906$1,595,519▲ $1,034,613
Accounts Receivable$25,360$60,290▲ $34,930
Intangible Assets$10,681$9,537▼ $1,144
Prepaid Expenses and Deferred Charges-$2,078-
Total Assets$5,781,361$6,198,517▲ $417,156
Other Assets Total$13,635$10,480▼ $3,155
Liabilities
Deferred Revenue$344,748$913,146▲ $568,398
Other Liabilities$98,956$84,763▼ $14,193
Accounts Payable and Accrued Expenses$687,073$34,159▼ $652,914
Total Liabilities$4,930,777$5,099,298▲ $168,521
Net Assets / Fund Balance
Unrestricted Net Assets$850,584$1,099,219▲ $248,635
Total Net Assets Fund Balance$850,584$1,099,219▲ $248,635
Total Liabilities and Net Assets / Fund Balance$5,781,361$6,198,517▲ $417,156

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,075,389$69,433$2,144,822
Land$1,470,399-$1,470,399
Leasehold Improvements$660,600$10,339$670,939
Equipment$293,243$152,540$445,783
Other Land Buildings$20,982$6,133$27,115
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea NoktesPres/head ofFT$81,385$81,385

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$347,712
Program Service Revenue
$2,073,694
Investment Income
$516,866
Other Revenue
$62,138
All Other Contributions
$347,712
Change in Net Assets
$248,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,000,410
Revenue Not Reported on Form 990
$110,044
Total Revenue per Audited Statements
$3,110,454
Total Revenue per Form 990
$3,000,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,491,433
Other Expenses$1,260,342
Total Fundraising Expense$62,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$907,642$254,140$48,408$1,210,190
Interest$217,452$4,438-$221,890
Depreciation Depletion$175,040$3,572-$178,612
All Other Expenses$84,038$81,235$2,604$167,877
Occupancy$141,656$2,891-$144,547
Payroll Taxes$86,395$24,191$4,608$115,194
Fees for Services Other-$105,188-$105,188
Other Employee Benefits$63,498$17,779$3,387$84,664
Current Officers, Directors, Trustees, and Key Employees$61,039$17,091$3,255$81,385
Other Expenses$59,080$1,206$559$60,286
Conferences and Meetings$38,765--$38,765
Advertising$31,970--$31,970
Information Technology$18,178$371-$18,549
Fees for Services Accounting-$15,910-$15,910
Insurance$9,775$586$79$10,440
Office Expenses$7,020$143-$7,163
Fees for Services Legal-$4,554-$4,554
Total Functional Expenses$2,145,217$543,658$62,900$2,751,775

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,861,819
Expenses per Audited Statements$2,751,775
Total Expenses per Form 990$2,751,775
Expenses Not Reported on Form 990$110,044
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bree Pattilloplc-midtown LandBoard ChairLand SaleNo$1,713,253
Bree Pattillopattillo ConstructionBoard ChairConstructionNo$577,682

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,800,000$4,067,230▲ $267,230
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$84,763
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Head of school, bookkeeper and business officer review with treasurer of the board of trustees.

Form 990, Page 6, Part VI, Line 12C

Due diligence on contracts, with new vendors, meeting time devoted to disclosure.

Form 990, Page 6, Part VI, Line 15A

Board analyzes nais data to determine head of school compensation.

Form 990, Page 6, Part VI, Line 15B

Board analyzes data from various sources to determine an appropriate wage.

Form 990, Page 6, Part VI, Line 19

Available online and by request.

Filing and Contact Details

Filer

Filer Name
Midtown International School Inc
EIN
45-5297366
Phone
4045427003
Address
1575 SHERIDAN RD NE, ATLANTA, GA 30324

Signing Officer

Name
Andrea Noktes
Title
Pres/head of School
Phone
6788016418
Signed
2017-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Noktes
Formed
2012
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
34
Volunteers
40

Preparer

Firm
Brooks Mcginnis & Company LLC
Address
5607 GLENRIDGE DR STE 650, ATLANTA, GA 30342-4959
Preparer
Steven E Trumbo
Phone
4045314940
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Midtown international school serves gifted and academically superior students who thrive in small class environments. The globally-minded curriculum and problem-based instruction create a community of engaged global leaders dedicated to the values of respect, responsibility, citizenship, and justice. The school immerses students in a diversity of viewpoints that transcend national, ethnic, and socio-economic boundaries. Problem solving and critical thinking are the foundation of our integrated curriculum, developing inquisitive, flexible, and collaborative thinkers who will be successful in a knowledge-driven global society. Mis ignites the educational and social learning of gifted students through advanced instruction in science, math, and technology; arts integration across the curriculum; development of student leadership and peer collaboration; strategic community partnerships; and international travel for all upper elementary, middle, and high school students.

Form 990, Page 2, Part III, Line 4A

2016-2017 is the 4th year of operation at mis. Steady enrollment growth: year 1 - 45 students year 2 - 102 students year 3 - 156 students year 4 - 190 students (projected) strong family and faculty satisfaction as seen through 98% retention for 2015-2016; 99% for 2016-2017. Board of trustees expanded to 5 members in 2016-2017. Administration team expanded to 4 members; teacher headcount now at 41. Opened a 9th grade, thus venturing into high school. Hired a 5-star chef and opened a scratch- kitchen serving over 100 kids a day. Mis faculty and staff attended 8 national conferences, presenting at 6. Furthered the mis online footprint and grown community awareness through a strategic and targeted marketing plan, most notably a november, 2016 newspaper article in the atlanta journal constitution. Constructed a functional court space in the back lot for mis gym and athletics. Initiated a road race, the run for dek thai, which supports the education of high school girls in rural thailand. Created identity workspaces, which arose from our be brave discussions last year related to race, ethnicity, gender, and identity. Started a student-run newspaper and further created content for our mis arts programming. New sports options available for students k-9. Approach to education: gifted and academically superior students are a population with different educational needs due to their unique intellectual development. Students demonstrate giftedness in various ways, including superior cognitive abilities, social awareness, visual-spatial reasoning, exceptional memory, and ability to connect ideas and insights from multiple experiences and sources. Grounded in the belief that students learn best in small groups, mis uses research and an evidence-based curriculum as the foundation to its programs. Mis students collaborate in groups of their peers, with deep concentration in steam subjects and an infused global curriculum. Maximum class size of 12 students, maximizing large and small group opportunities. 50% of classroom time is on steam curriculum (200% more than national average). Engaged with berlitz-a school with 135 years of language teaching experience - to teach our language program. Spanish, mandarin and french languages are taught to every student. Students have the option to also take german and hebrew. In 5th grade students choose a language for mastery, while continuing conversational instruction in the other two languages. Student travel opportunities begin in 3rd grade domestically, and internationally in 4th grade to ensure opportunities for global citizenship. Subject matter expertise is the norm for all specialist and upper school faculty, ensuring that students have opportunities to explore content areas with depth, complexity and abstraction. Gifted certification is required of all faculty at employment or within two years. Because mis students are able to acquire concepts readily, instruction focuses on deeper level thinking, complexity of ideas, and problem solving skills in a collaborative environment.

Financial Statement Notes

Schedule D, Page 3, Part X

Midtown international school, inc. Is a nonprofit organization exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Income from certain activities not directly related to the schools tax-exempt purpose is subject to taxation as unrelated business income. For the years ended june 30, 2016 and 2015, the school did not have any unrelated business income, and accordingly, no unrelated business income tax. The school believes that 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. The schools irs filings for the previous three years typically remain subject to examination.

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IRS990/ActivityOrMissionDesc0MIDTOWN INTERNATIONAL SCHOOL SERVES GIFTED AND ACADEMICALLY SUPERIOR STUDENTS WHO THRIVE IN SMALL CLASS ENVIRONMENTS. THE GLOBALLY-MINDED CURRICULUM AND PROBLEM-BASED INSTRUCTION CREATE A COMMUNITY OF ENGAGED GLOBAL LEADERS DEDICATED TO THE VALUES OF RESPECT, RESPONSIBILITY, CITIZENSHIP, AND JUSTICE. THE SCHOOL IMMERSES STUDENTS IN A DIVERSITY OF VIEWPOINTS THAT TRANSCEND NATIONAL, ETHNIC, AND SOCIO-ECONOMIC BOUNDARIES. PROBLEM SOLVING AND CRITICAL THINKING ARE THE FOUNDATION OF OUR INTEGRATED CURRICULUM, DEVELOPING INQUISITIVE, FLEXIBLE, AND COLLABORATIVE THINKERS WHO WILL BE SUCCESSFUL IN A KNOWLEDGE-DRIVEN GLOBAL SOCIETY. MIS IGNITES THE EDUCATIONAL AND SOCIAL LEARNING OF GIFTED STUDENTS THROUGH ADVANCED INSTRUCTION IN SCIENCE, MATH, AND TECHNOLOGY; ARTS INTEGRATION ACROSS THE CURRICULUM; DEVELOPMENT OF STUDENT LEADERSHIP AND PEER COLLABORATION; STRATEGIC COMMUNITY PARTNERSHIPS; AND INTERNATIONAL TRAVEL FOR ALL UPPER ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS.
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IRS990/Desc0MIDTOWN INTERNATIONAL SCHOOL IS A NONPROFIT, INDEPENDENT SCHOOL SERVING GIFTED AND ACADEMICALLY SUPERIOR STUDENTS IN ATLANTA, GEORGIA. OPENED IN 2013, MIS EDUCATES STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE WITH AN ACCELERATED, PROBLEM-BASED CURRICULUM. THE RECENT RELOCATION TO ITS PERMANENT HOME AT 1575 SHERIDAN ROAD ALLOWS MIS TO EXPAND SERVICES AND PROGRAMS TO STUDENTS AND MEET THE GROWING DEMAND FOR THE SCHOOL. PERFORMED A COMPLETE REMODEL OF THE BUILDING'S LOWER LEVEL AND OPENED UP A HIGH SCHOOL AT MIS (MAKING IT NOW A K-9 SCHOOL). PLANS TO OPEN TO A 10TH GRADE FOR SCHOOL YEAR 2017-2018. KEY ORGANIZATION HIGHLIGHTS: 2016-2017 IS THE 4TH YEAR OF OPERATION AT MIS. STEADY ENROLLMENT GROWTH: YEAR 1 - 45 STUDENTS YEAR 2 - 102 STUDENTS YEAR 3 - 156 STUDENTS YEAR 4 - 190 STUDENTS (PROJECTED) STRONG FAMILY AND FACULTY SATISFACTION AS SEEN THROUGH 98% RETENTION FOR 2015-2016; 99% FOR 2016-2017. BOARD OF TRUSTEES EXPANDED TO 5 MEMBERS IN 2016-2017. ADMINISTRATION TEAM EXPANDED TO 4 MEMBERS; TEACHER HEADCOUNT NOW AT 41. OPENED A 9TH GRADE, THUS VENTURING INTO HIGH SCHOOL. HIRED A 5-STAR CHEF AND OPENED A SCRATCH- KITCHEN SERVING OVER 100 KIDS A DAY. MIS FACULTY AND STAFF ATTENDED 8 NATIONAL CONFERENCES, PRESENTING AT 6. FURTHERED THE MIS ONLINE FOOTPRINT AND GROWN COMMUNITY AWARENESS THROUGH A STRATEGIC AND TARGETED MARKETING PLAN, MOST NOTABLY A NOVEMBER, 2016 NEWSPAPER ARTICLE IN THE ATLANTA JOURNAL CONSTITUTION. CONSTRUCTED A FUNCTIONAL COURT SPACE IN THE BACK LOT FOR MIS GYM AND ATHLETICS. INITIATED A ROAD RACE, THE RUN FOR DEK THAI, WHICH SUPPORTS THE EDUCATION OF HIGH SCHOOL GIRLS IN RURAL THAILAND. CREATED IDENTITY WORKSPACES, WHICH AROSE FROM OUR BE BRAVE DISCUSSIONS LAST YEAR RELATED TO RACE, ETHNICITY, GENDER, AND IDENTITY. STARTED A STUDENT-RUN NEWSPAPER AND FURTHER CREATED CONTENT FOR OUR MIS ARTS PROGRAMMING. NEW SPORTS OPTIONS AVAILABLE FOR STUDENTS K-9. APPROACH TO EDUCATION: GIFTED AND ACADEMICALLY SUPERIOR STUDENTS ARE A POPULATION WITH DIFFERENT EDUCATIONAL NEEDS DUE TO THEIR UNIQUE INTELLECTUAL DEVELOPMENT. STUDENTS DEMONSTRATE GIFTEDNESS IN VARIOUS WAYS, INCLUDING SUPERIOR COGNITIVE ABILITIES, SOCIAL AWARENESS, VISUAL-SPATIAL REASONING, EXCEPTIONAL MEMORY, AND ABILITY TO CONNECT IDEAS AND INSIGHTS FROM MULTIPLE EXPERIENCES AND SOURCES. GROUNDED IN THE BELIEF THAT STUDENTS LEARN BEST IN SMALL GROUPS, MIS USES RESEARCH AND AN EVIDENCE-BASED CURRICULUM AS THE FOUNDATION TO ITS PROGRAMS. MIS STUDENTS COLLABORATE IN GROUPS OF THEIR PEERS, WITH DEEP CONCENTRATION IN STEAM SUBJECTS AND AN INFUSED GLOBAL CURRICULUM. MAXIMUM CLASS SIZE OF 12 STUDENTS, MAXIMIZING LARGE AND SMALL GROUP OPPORTUNITIES. 50% OF CLASSROOM TIME IS ON STEAM CURRICULUM (200% MORE THAN NATIONAL AVERAGE). ENGAGED WITH BERLITZ-A SCHOOL WITH 135 YEARS OF LANGUAGE TEACHING EXPERIENCE - TO TEACH OUR LANGUAGE PROGRAM. SPANISH, MANDARIN AND FRENCH LANGUAGES ARE TAUGHT TO EVERY STUDENT. STUDENTS HAVE THE OPTION TO ALSO TAKE GERMAN AND HEBREW. IN 5TH GRADE STUDENTS CHOOSE A LANGUAGE FOR MASTERY, WHILE CONTINUING CONVERSATIONAL INSTRUCTION IN THE OTHER TWO LANGUAGES. STUDENT TRAVEL OPPORTUNITIES BEGIN IN 3RD GRADE DOMESTICALLY, AND INTERNATIONALLY IN 4TH GRADE TO ENSURE OPPORTUNITIES FOR GLOBAL CITIZENSHIP. SUBJECT MATTER EXPERTISE IS THE NORM FOR ALL SPECIALIST AND UPPER SCHOOL FACULTY, ENSURING THAT STUDENTS HAVE OPPORTUNITIES TO EXPLORE CONTENT AREAS WITH DEPTH, COMPLEXITY AND ABSTRACTION. GIFTED CERTIFICATION IS REQUIRED OF ALL FACULTY AT EMPLOYMENT OR WITHIN TWO YEARS. BECAUSE MIS STUDENTS ARE ABLE TO ACQUIRE CONCEPTS READILY, INSTRUCTION FOCUSES ON DEEPER LEVEL THINKING, COMPLEXITY OF IDEAS, AND PROBLEM SOLVING SKILLS IN A COLLABORATIVE ENVIRONMENT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MIDTOWN INTERNATIONAL SCHOOL, INC. IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOLS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED JUNE 30, 2016 AND 2015, THE SCHOOL DID NOT HAVE ANY UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO UNRELATED BUSINESS INCOME TAX. THE SCHOOL BELIEVES THAT 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. THE SCHOOLS IRS FILINGS FOR THE PREVIOUS THREE YEARS TYPICALLY REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART II LINE (1): BOARD MEMBER BREE PATTILLO'S PARENTS TOGETHER OWN 100% OF MIDTOWN LENDING. MIS BORROWED FUNDS FROM MIDTOWN LENDING TO PURCHASE AND RENOVATE ITS BUILDING. PART II LINE (2): BOARD MEMBER BREE PATTILLO IS THE OWNER OF PATTILLO CONSTRUCTION COMPANY. MIS INCURRED 393,318 OF CONSTRUCTION ACCOUNTS PAYABLE TO PATTILLO CONSTRUCTION COMPANY IN JUNE OF 2016 FOR BASEMENT RENOVATIONS. THE TOTAL AMOUNT OF THE CONSTRUCTION CONTRACT IS 544,636. PART II LINE (3): BOARD MEMBER BREE PATTILLO IS THE OWNER OF PATTILLO GROUNDS MANAGEMENT. MIS INCURRED 37,322 OF ACCOUNTS PAYABLE TO PATTILLO GROUNDS MANAGEMENT IN JUNE OF 2016 FOR LANDSCAPING. PART IV LINE (1): BOARD MEMBER BREE PATTILLO IS THE OWNER OF PATTILLO CONSTRUCTION COMPANY. MIS PAID PATTILLO CONSTRUCTION COMPANY 577,682 DURING THE TAX YEAR FOR CONSTRUCTION PERFORMED IN THE PREVIOUS YEAR. PART IV LINE (2): PATTILLO LUMBER COMPANY, ALSO OWNED BY BREE PATTILLO, IS THE SOLE MEMBER AND MANAGER OF PLC-MIDTOWN LAND, LLC, TO WHOM THE SCHOOL SOLD APPROXIMATELY HALF OF THEIR LAND DURING THE YEAR. THE SCHOOL IS LEASING THE PROPERTY BACK FROM PLC-MIDTOWN LAND FOR A TOTAL OF 1 PER YEAR FOR THE NEXT 15 YEARS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MIDTOWN INTERNATIONAL SCHOOL SERVES GIFTED AND ACADEMICALLY SUPERIOR STUDENTS WHO THRIVE IN SMALL CLASS ENVIRONMENTS. THE GLOBALLY-MINDED CURRICULUM AND PROBLEM-BASED INSTRUCTION CREATE A COMMUNITY OF ENGAGED GLOBAL LEADERS DEDICATED TO THE VALUES OF RESPECT, RESPONSIBILITY, CITIZENSHIP, AND JUSTICE. THE SCHOOL IMMERSES STUDENTS IN A DIVERSITY OF VIEWPOINTS THAT TRANSCEND NATIONAL, ETHNIC, AND SOCIO-ECONOMIC BOUNDARIES. PROBLEM SOLVING AND CRITICAL THINKING ARE THE FOUNDATION OF OUR INTEGRATED CURRICULUM, DEVELOPING INQUISITIVE, FLEXIBLE, AND COLLABORATIVE THINKERS WHO WILL BE SUCCESSFUL IN A KNOWLEDGE-DRIVEN GLOBAL SOCIETY. MIS IGNITES THE EDUCATIONAL AND SOCIAL LEARNING OF GIFTED STUDENTS THROUGH ADVANCED INSTRUCTION IN SCIENCE, MATH, AND TECHNOLOGY; ARTS INTEGRATION ACROSS THE CURRICULUM; DEVELOPMENT OF STUDENT LEADERSHIP AND PEER COLLABORATION; STRATEGIC COMMUNITY PARTNERSHIPS; AND INTERNATIONAL TRAVEL FOR ALL UPPER ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12016-2017 IS THE 4TH YEAR OF OPERATION AT MIS. STEADY ENROLLMENT GROWTH: YEAR 1 - 45 STUDENTS YEAR 2 - 102 STUDENTS YEAR 3 - 156 STUDENTS YEAR 4 - 190 STUDENTS (PROJECTED) STRONG FAMILY AND FACULTY SATISFACTION AS SEEN THROUGH 98% RETENTION FOR 2015-2016; 99% FOR 2016-2017. BOARD OF TRUSTEES EXPANDED TO 5 MEMBERS IN 2016-2017. ADMINISTRATION TEAM EXPANDED TO 4 MEMBERS; TEACHER HEADCOUNT NOW AT 41. OPENED A 9TH GRADE, THUS VENTURING INTO HIGH SCHOOL. HIRED A 5-STAR CHEF AND OPENED A SCRATCH- KITCHEN SERVING OVER 100 KIDS A DAY. MIS FACULTY AND STAFF ATTENDED 8 NATIONAL CONFERENCES, PRESENTING AT 6. FURTHERED THE MIS ONLINE FOOTPRINT AND GROWN COMMUNITY AWARENESS THROUGH A STRATEGIC AND TARGETED MARKETING PLAN, MOST NOTABLY A NOVEMBER, 2016 NEWSPAPER ARTICLE IN THE ATLANTA JOURNAL CONSTITUTION. CONSTRUCTED A FUNCTIONAL COURT SPACE IN THE BACK LOT FOR MIS GYM AND ATHLETICS. INITIATED A ROAD RACE, THE RUN FOR DEK THAI, WHICH SUPPORTS THE EDUCATION OF HIGH SCHOOL GIRLS IN RURAL THAILAND. CREATED IDENTITY WORKSPACES, WHICH AROSE FROM OUR BE BRAVE DISCUSSIONS LAST YEAR RELATED TO RACE, ETHNICITY, GENDER, AND IDENTITY. STARTED A STUDENT-RUN NEWSPAPER AND FURTHER CREATED CONTENT FOR OUR MIS ARTS PROGRAMMING. NEW SPORTS OPTIONS AVAILABLE FOR STUDENTS K-9. APPROACH TO EDUCATION: GIFTED AND ACADEMICALLY SUPERIOR STUDENTS ARE A POPULATION WITH DIFFERENT EDUCATIONAL NEEDS DUE TO THEIR UNIQUE INTELLECTUAL DEVELOPMENT. STUDENTS DEMONSTRATE GIFTEDNESS IN VARIOUS WAYS, INCLUDING SUPERIOR COGNITIVE ABILITIES, SOCIAL AWARENESS, VISUAL-SPATIAL REASONING, EXCEPTIONAL MEMORY, AND ABILITY TO CONNECT IDEAS AND INSIGHTS FROM MULTIPLE EXPERIENCES AND SOURCES. GROUNDED IN THE BELIEF THAT STUDENTS LEARN BEST IN SMALL GROUPS, MIS USES RESEARCH AND AN EVIDENCE-BASED CURRICULUM AS THE FOUNDATION TO ITS PROGRAMS. MIS STUDENTS COLLABORATE IN GROUPS OF THEIR PEERS, WITH DEEP CONCENTRATION IN STEAM SUBJECTS AND AN INFUSED GLOBAL CURRICULUM. MAXIMUM CLASS SIZE OF 12 STUDENTS, MAXIMIZING LARGE AND SMALL GROUP OPPORTUNITIES. 50% OF CLASSROOM TIME IS ON STEAM CURRICULUM (200% MORE THAN NATIONAL AVERAGE). ENGAGED WITH BERLITZ-A SCHOOL WITH 135 YEARS OF LANGUAGE TEACHING EXPERIENCE - TO TEACH OUR LANGUAGE PROGRAM. SPANISH, MANDARIN AND FRENCH LANGUAGES ARE TAUGHT TO EVERY STUDENT. STUDENTS HAVE THE OPTION TO ALSO TAKE GERMAN AND HEBREW. IN 5TH GRADE STUDENTS CHOOSE A LANGUAGE FOR MASTERY, WHILE CONTINUING CONVERSATIONAL INSTRUCTION IN THE OTHER TWO LANGUAGES. STUDENT TRAVEL OPPORTUNITIES BEGIN IN 3RD GRADE DOMESTICALLY, AND INTERNATIONALLY IN 4TH GRADE TO ENSURE OPPORTUNITIES FOR GLOBAL CITIZENSHIP. SUBJECT MATTER EXPERTISE IS THE NORM FOR ALL SPECIALIST AND UPPER SCHOOL FACULTY, ENSURING THAT STUDENTS HAVE OPPORTUNITIES TO EXPLORE CONTENT AREAS WITH DEPTH, COMPLEXITY AND ABSTRACTION. GIFTED CERTIFICATION IS REQUIRED OF ALL FACULTY AT EMPLOYMENT OR WITHIN TWO YEARS. BECAUSE MIS STUDENTS ARE ABLE TO ACQUIRE CONCEPTS READILY, INSTRUCTION FOCUSES ON DEEPER LEVEL THINKING, COMPLEXITY OF IDEAS, AND PROBLEM SOLVING SKILLS IN A COLLABORATIVE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HEAD OF SCHOOL, BOOKKEEPER AND BUSINESS OFFICER REVIEW WITH TREASURER OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUE DILIGENCE ON CONTRACTS, WITH NEW VENDORS, MEETING TIME DEVOTED TO DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD ANALYZES NAIS DATA TO DETERMINE HEAD OF SCHOOL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD ANALYZES DATA FROM VARIOUS SOURCES TO DETERMINE AN APPROPRIATE WAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE ONLINE AND BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05781361
IRS990/TotalAssetsEOYAmt06198517
IRS990/TotalAssetsGrp/BOYAmt05781361
IRS990/TotalAssetsGrp/EOYAmt06198517
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0347712
IRS990/TotalEmployeeCnt034

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