Grove Christian Academy

“Although the board of directors decided in July, 2019 that the organization should dissolve, the board left the official timeline to the discretion of the Head of School and the Treasurer, who maintained the primary responsibilities of closing the school's operations and finalizing all financial obligations, etc. The timeline for settling liabilities took the school through November of 2019. Final accounting work, including the processing of W-2s for 2019, issuing of end-of-year tax receipts to donors, and preparing the organization's 990 extended into the Spring of 2020. Although the dissolution paperwork was filed with the state of Mississippi much earlier, the board considers Grove's dissolution process to be complete as of May 15th, 2020.”

“Since the board of directors voted to not reopen the school, Grove did not collect any tuition or fee charges for the 2019-2020 school year, therefore there was no program revenue during this fiscal year. All charitable contributions were stopped as well as soon as donors were made aware that the school would begin the process of dissolution. Therefore, there was no contribution revenue during this fiscal year either.”

“The amount of $9,445 is the total value of physical assets owned by Grove, which were listed on the 2018 form 990 as the school's "equipment" (classroom furniture and supplies) on Part X, line 10c. These same assets were distributed in 2019 to other 501(c)3 organizations upon Grove's dissolution, as described in detail on attached Schedule N.”

“Concerning Line 1: Brian Dennstaedt Although Brian did serve as an officer (President) as well as a Director, his compensation from Grove during this fiscal year was entirely employee compensation and reported on his W-2 (the nature of this compensation is described in detail on schedule N).”