Civic Intelligence

St. John Chrysostom Academy

990 • Fiscal year 2023 • EIN 84-2177887

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 31, 2023

395 Bridle Path RoadBethlehem, PA 18017

(610) 427-2758

Siviq Scores

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

Liabilities / Assets

86th percentile

0.47x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.36x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

17th percentile

-19%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$106,115

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

48th percentile

3.1%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2023

Revenue Growth

55th percentile

12%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2023

Assets

Up

$649,026

Up $38,411 (+6.3%) from 2021

Net Assets

Down

$344,844

Down $265,537 (-44%) from 2021

Liabilities

Up

$304,182

Up $303,948 (+129892%) from 2021

Revenue

Up

$837,938

Up $170,319 (+26%) from 2021

Expenses

Up

$996,678

Up $917,375 (+1157%) from 2021

Net Income

Down

-$158,740

Down $747,056 (-127%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2021: $610,615Liabilities 2021: $234Net Assets 2021: $610,3812021Assets 2023: $649,026Liabilities 2023: $304,182Net Assets 2023: $344,8442023Assets 2024: $188,637Liabilities 2024: $303,862Net Assets 2024: -$115,2252024Assets 2025: $211,219Liabilities 2025: $304,802Net Assets 2025: -$93,5832025

Highlighted filing

2023

Assets$649,026
Liabilities$304,182
Net Assets$344,844

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $667,619Expenses 2021: $79,303Net Income 2021: $588,3162021Revenue 2023: $837,938Expenses 2023: $996,678Net Income 2023: -$158,7402023Revenue 2024: $700,685Expenses 2024: $1,160,754Net Income 2024: -$460,0692024Revenue 2025: $1,384,151Expenses 2025: $1,362,509Net Income 2025: $21,6422025

Highlighted filing

2023

Revenue$837,938
Expenses$996,678
Net Income-$158,740
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$837,938
Mission and Program Overview

Mission

Mission st. John chrysostom academy unites classical education and orthodox christian formation. Students benefit from the reliable disciplines of formal education and the nurturing environment of faith. Young minds are directed toward the good, the true, and the beautiful, and young hearts toward the gospel and holy tradition to educate and form our students as complete persons. Vision st. John chrysostom academy provides classical, christian education so that students will grow in virtue, wisdom, and joy. Chrysostom academy is dedicated to providing a comprehensive formational education in harmony with the eastern orthodox church. Guided by a commitment to the timeless traditions of the christian church, mind, and worldview, chrysostom academy educates students for the church, the lehigh valley, the united states, and the world.

St john chrysostem academy is an orthodox private school providing a classical, christian education for students based in bethlehem, pa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$405,144$545,465▲ $140,321
Land, Buildings, and Equipment, Net$83,751$76,451▼ $7,300
Cash and Non-Interest-Bearing Accounts$7,938$13,892▲ $5,954
Accounts Receivable$750$750→ $0
Total Assets$504,559$649,026▲ $144,467
Other Assets Total$6,976$12,468▲ $5,492
Liabilities
Unsecured Notes Loans Payable-$300,000-
Other Liabilities$975$2,780▲ $1,805
Accounts Payable and Accrued Expenses-$1,402-
Total Liabilities$975$304,182▲ $303,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$503,584$344,844▼ $158,740
Total Net Assets Fund Balance$503,584$344,844▼ $158,740
Total Liabilities and Net Assets / Fund Balance$504,559$649,026▲ $144,467

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$76,451$22,138$98,589
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John HeitzenraterHeadmasterFT$103,915$2,200$106,115

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$719,309
Program Service Revenue
$115,956
Investment Income
$2,673
Other Revenue
$0
All Other Contributions
$719,309
Change in Net Assets
$-158,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$587,874
Other Expenses$341,804
Total Fundraising Expense$96,277
Professional Fundraising Fees$67,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$282,171$70,591-$352,762
Occupancy$171,832$9,044-$180,876
Current Officers, Directors, Trustees, and Key Employees$22,017$88,069-$110,086
Other Employee Benefits$52,306$27,282-$79,588
Office Expenses$27,808$42,843-$70,651
Fees for Services Professional Fundraising--$67,000$67,000
Payroll Taxes$26,399$19,039-$45,438
Information Technology-$1,950$16,007$17,957
Advertising-$4,977$11,954$16,931
Depreciation Depletion$15,092--$15,092
Fees for Services Accounting-$14,660-$14,660
Fees for Services Legal-$6,161-$6,161
Insurance$2,807$1,494-$4,301
Fees for Services Other-$4,000-$4,000
Other Expenses-$1,314$1,175$1,175
All Other Expenses-$514$141$655
Travel-$346-$346
Total Functional Expenses$600,432$299,969$96,277$996,678
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$67,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pa Withholding$2,780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 4

Organization modified bylaws and restructured the board.

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

Board reviews 990 before filing

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
St John Chrysostom Academy
EIN
84-2177887
Phone
6104272758
Address
395 BRIDLE PATH ROAD, BETHLEHEM, PA 18017

Signing Officer

Name
Dn Patrick Maher
Title
Treasurer
Phone
6104272758
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dn Patrick Maher
Formed
2019
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
12

Preparer

Firm
Buckno Lisicky & Company Pc
Address
645 HAMILTON ST SUITE 204, ALLENTOWN, PA 18101
Preparer
Chris Betley
Phone
6108218580
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mission st. John chrysostom academy unites classical education and orthodox christian formation. Students benefit from the reliable disciplines of formal education and the nurturing environment of faith. Young minds are directed toward the good, the true, and the beautiful, and young hearts toward the gospel and holy tradition to educate and form our students as complete persons. Vision st. John chrysostom academy provides classical, christian education so that students will grow in virtue, wisdom, and joy. Chrysostom academy is dedicated to providing a comprehensive formational education in harmony with the eastern orthodox church. Guided by a commitment to the timeless traditions of the christian church, mind, and worldview, chrysostom academy educates students for the church, the lehigh valley, the united states, and the world.

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

During the fiscal year ending june 2023, the academy was able to accomplish the following: 1.academic year 2022-2023 - the academy opened its doors to students on september 6, 2022, with 26 students. Taking into account the particular circumstances of student enrollment, grades 1 and 2 were combined into one cohort, and grades 3 and 4 were combined into one cohort. Middle school started with students in grades, 5, 6, 7, and 8 using a university model schedule: core classes on m, w, f, and specials on t/th. 2.facility - all classrooms and labs were ready to serve students on the first day of school. All new furniture, chalk boards, and textbooks were purchased and ready for students in september 2022. 3.curriculum - all student resources were purchased and ready for the beginning of school. 4.faculty/staff - a total of 9 staff/faculty were hired to begin the school year. Of this, over 3/4 had degrees at the masters/doctoral level. Teachers were outfitted with proper technology, teacher resources, and materials. 5.students - in addition to the 26 students enrolled at the beginning of the academic year, 2 more students were accepted into the program on a part-time basis (t/th attendance). 6.culture - a lot of thought and time was spent developing both faculty/staff culture and student culture. Almost immediately, a house system was implemented based upon the old english house system present in many prestigious american schools prior to the 1980's. In these houses, students competed for house points with the goal of winning the house sword. House points were tallied on a weekly basis and two major events, fall's crown games and springs gryphon games added a particular ethos and camaraderie to the academy. 7.faculty/parent council - a parent teacher organization, faculty/parent council was begun with 5 parents. The council spent most of the year organizing, writing and adopting bylaws, and planning for future parental involvement. The goals is to get 100% parental involvement by the end of 2023-2024. 8.accreditation - the academy began the process of seeking accreditation from the association of christian schools international. Most schools are not permitted to apply for accreditation for at least 3 years after their being started, but after visiting the academy and reviewing the work that had already been done by the headmaster and his team, acsi invited chrysostom academy to apply for accreditation. The application will be submitted in october of 2023. 9.marketing - definition of the academy brand, in both online and physical forms (mailings, print media, and school spirit wear, were expanded during the 2022-2023 academic year. Regular and consistent social media posts were targeted at demographics of families essential to the growth and success of the school. 10.implementation of a student information system - the academy chose facts sis as its school system for application, enrollment, communication, grading, and academic records database. The sis was fully implemented by february of 2022 and is now being used in all major operational components of the academy. 11.board restructuring - in february of 2022, the board had a consulting meeting with a former ceo of a biotech firm from silicone valley. The executive spent two days with the board offering wisdom on how to transition the founding board to an overseeing board. The bylaws were retooled to give a more accurate picture of the academies operational structure. A formal board meeting was held, bylaws were ratified, and founding members who did not want to continue their tenure were able to step down

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IRS990/Desc0DURING THE FISCAL YEAR ENDING JUNE 2023, THE ACADEMY WAS ABLE TO ACCOMPLISH THE FOLLOWING: 1.ACADEMIC YEAR 2022-2023 - THE ACADEMY OPENED ITS DOORS TO STUDENTS ON SEPTEMBER 6, 2022, WITH 26 STUDENTS. TAKING INTO ACCOUNT THE PARTICULAR CIRCUMSTANCES OF STUDENT ENROLLMENT, GRADES 1 AND 2 WERE COMBINED INTO ONE COHORT, AND GRADES 3 AND 4 WERE COMBINED INTO ONE COHORT. MIDDLE SCHOOL STARTED WITH STUDENTS IN GRADES, 5, 6, 7, AND 8 USING A UNIVERSITY MODEL SCHEDULE: CORE CLASSES ON M, W, F, AND SPECIALS ON T/TH. 2.FACILITY - ALL CLASSROOMS AND LABS WERE READY TO SERVE STUDENTS ON THE FIRST DAY OF SCHOOL. ALL NEW FURNITURE, CHALK BOARDS, AND TEXTBOOKS WERE PURCHASED AND READY FOR STUDENTS IN SEPTEMBER 2022. 3.CURRICULUM - ALL STUDENT RESOURCES WERE PURCHASED AND READY FOR THE BEGINNING OF SCHOOL. 4.FACULTY/STAFF - A TOTAL OF 9 STAFF/FACULTY WERE HIRED TO BEGIN THE SCHOOL YEAR. OF THIS, OVER 3/4 HAD DEGREES AT THE MASTERS/DOCTORAL LEVEL. TEACHERS WERE OUTFITTED WITH PROPER TECHNOLOGY, TEACHER RESOURCES, AND MATERIALS. 5.STUDENTS - IN ADDITION TO THE 26 STUDENTS ENROLLED AT THE BEGINNING OF THE ACADEMIC YEAR, 2 MORE STUDENTS WERE ACCEPTED INTO THE PROGRAM ON A PART-TIME BASIS (T/TH ATTENDANCE). 6.CULTURE - A LOT OF THOUGHT AND TIME WAS SPENT DEVELOPING BOTH FACULTY/STAFF CULTURE AND STUDENT CULTURE. ALMOST IMMEDIATELY, A HOUSE SYSTEM WAS IMPLEMENTED BASED UPON THE OLD ENGLISH HOUSE SYSTEM PRESENT IN MANY PRESTIGIOUS AMERICAN SCHOOLS PRIOR TO THE 1980'S. IN THESE HOUSES, STUDENTS COMPETED FOR HOUSE POINTS WITH THE GOAL OF WINNING THE HOUSE SWORD. HOUSE POINTS WERE TALLIED ON A WEEKLY BASIS AND TWO MAJOR EVENTS, FALL'S CROWN GAMES AND SPRINGS GRYPHON GAMES ADDED A PARTICULAR ETHOS AND CAMARADERIE TO THE ACADEMY. 7.FACULTY/PARENT COUNCIL - A PARENT TEACHER ORGANIZATION, FACULTY/PARENT COUNCIL WAS BEGUN WITH 5 PARENTS. THE COUNCIL SPENT MOST OF THE YEAR ORGANIZING, WRITING AND ADOPTING BYLAWS, AND PLANNING FOR FUTURE PARENTAL INVOLVEMENT. THE GOALS IS TO GET 100% PARENTAL INVOLVEMENT BY THE END OF 2023-2024. 8.ACCREDITATION - THE ACADEMY BEGAN THE PROCESS OF SEEKING ACCREDITATION FROM THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL. MOST SCHOOLS ARE NOT PERMITTED TO APPLY FOR ACCREDITATION FOR AT LEAST 3 YEARS AFTER THEIR BEING STARTED, BUT AFTER VISITING THE ACADEMY AND REVIEWING THE WORK THAT HAD ALREADY BEEN DONE BY THE HEADMASTER AND HIS TEAM, ACSI INVITED CHRYSOSTOM ACADEMY TO APPLY FOR ACCREDITATION. THE APPLICATION WILL BE SUBMITTED IN OCTOBER OF 2023. 9.MARKETING - DEFINITION OF THE ACADEMY BRAND, IN BOTH ONLINE AND PHYSICAL FORMS (MAILINGS, PRINT MEDIA, AND SCHOOL SPIRIT WEAR, WERE EXPANDED DURING THE 2022-2023 ACADEMIC YEAR. REGULAR AND CONSISTENT SOCIAL MEDIA POSTS WERE TARGETED AT DEMOGRAPHICS OF FAMILIES ESSENTIAL TO THE GROWTH AND SUCCESS OF THE SCHOOL. 10.IMPLEMENTATION OF A STUDENT INFORMATION SYSTEM - THE ACADEMY CHOSE FACTS SIS AS ITS SCHOOL SYSTEM FOR APPLICATION, ENROLLMENT, COMMUNICATION, GRADING, AND ACADEMIC RECORDS DATABASE. THE SIS WAS FULLY IMPLEMENTED BY FEBRUARY OF 2022 AND IS NOW BEING USED IN ALL MAJOR OPERATIONAL COMPONENTS OF THE ACADEMY. 11.BOARD RESTRUCTURING - IN FEBRUARY OF 2022, THE BOARD HAD A CONSULTING MEETING WITH A FORMER CEO OF A BIOTECH FIRM FROM SILICONE VALLEY. THE EXECUTIVE SPENT TWO DAYS WITH THE BOARD OFFERING WISDOM ON HOW TO TRANSITION THE FOUNDING BOARD TO AN OVERSEEING BOARD. THE BYLAWS WERE RETOOLED TO GIVE A MORE ACCURATE PICTURE OF THE ACADEMIES OPERATIONAL STRUCTURE. A FORMAL BOARD MEETING WAS HELD, BYLAWS WERE RATIFIED, AND FOUNDING MEMBERS WHO DID NOT WANT TO CONTINUE THEIR TENURE WERE ABLE TO STEP DOWN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSION ST. JOHN CHRYSOSTOM ACADEMY UNITES CLASSICAL EDUCATION AND ORTHODOX CHRISTIAN FORMATION. STUDENTS BENEFIT FROM THE RELIABLE DISCIPLINES OF FORMAL EDUCATION AND THE NURTURING ENVIRONMENT OF FAITH. YOUNG MINDS ARE DIRECTED TOWARD THE GOOD, THE TRUE, AND THE BEAUTIFUL, AND YOUNG HEARTS TOWARD THE GOSPEL AND HOLY TRADITION TO EDUCATE AND FORM OUR STUDENTS AS COMPLETE PERSONS. VISION ST. JOHN CHRYSOSTOM ACADEMY PROVIDES CLASSICAL, CHRISTIAN EDUCATION SO THAT STUDENTS WILL GROW IN VIRTUE, WISDOM, AND JOY. CHRYSOSTOM ACADEMY IS DEDICATED TO PROVIDING A COMPREHENSIVE FORMATIONAL EDUCATION IN HARMONY WITH THE EASTERN ORTHODOX CHURCH. GUIDED BY A COMMITMENT TO THE TIMELESS TRADITIONS OF THE CHRISTIAN CHURCH, MIND, AND WORLDVIEW, CHRYSOSTOM ACADEMY EDUCATES STUDENTS FOR THE CHURCH, THE LEHIGH VALLEY, THE UNITED STATES, AND THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE FISCAL YEAR ENDING JUNE 2023, THE ACADEMY WAS ABLE TO ACCOMPLISH THE FOLLOWING: 1.ACADEMIC YEAR 2022-2023 - THE ACADEMY OPENED ITS DOORS TO STUDENTS ON SEPTEMBER 6, 2022, WITH 26 STUDENTS. TAKING INTO ACCOUNT THE PARTICULAR CIRCUMSTANCES OF STUDENT ENROLLMENT, GRADES 1 AND 2 WERE COMBINED INTO ONE COHORT, AND GRADES 3 AND 4 WERE COMBINED INTO ONE COHORT. MIDDLE SCHOOL STARTED WITH STUDENTS IN GRADES, 5, 6, 7, AND 8 USING A UNIVERSITY MODEL SCHEDULE: CORE CLASSES ON M, W, F, AND SPECIALS ON T/TH. 2.FACILITY - ALL CLASSROOMS AND LABS WERE READY TO SERVE STUDENTS ON THE FIRST DAY OF SCHOOL. ALL NEW FURNITURE, CHALK BOARDS, AND TEXTBOOKS WERE PURCHASED AND READY FOR STUDENTS IN SEPTEMBER 2022. 3.CURRICULUM - ALL STUDENT RESOURCES WERE PURCHASED AND READY FOR THE BEGINNING OF SCHOOL. 4.FACULTY/STAFF - A TOTAL OF 9 STAFF/FACULTY WERE HIRED TO BEGIN THE SCHOOL YEAR. OF THIS, OVER 3/4 HAD DEGREES AT THE MASTERS/DOCTORAL LEVEL. TEACHERS WERE OUTFITTED WITH PROPER TECHNOLOGY, TEACHER RESOURCES, AND MATERIALS. 5.STUDENTS - IN ADDITION TO THE 26 STUDENTS ENROLLED AT THE BEGINNING OF THE ACADEMIC YEAR, 2 MORE STUDENTS WERE ACCEPTED INTO THE PROGRAM ON A PART-TIME BASIS (T/TH ATTENDANCE). 6.CULTURE - A LOT OF THOUGHT AND TIME WAS SPENT DEVELOPING BOTH FACULTY/STAFF CULTURE AND STUDENT CULTURE. ALMOST IMMEDIATELY, A HOUSE SYSTEM WAS IMPLEMENTED BASED UPON THE OLD ENGLISH HOUSE SYSTEM PRESENT IN MANY PRESTIGIOUS AMERICAN SCHOOLS PRIOR TO THE 1980'S. IN THESE HOUSES, STUDENTS COMPETED FOR HOUSE POINTS WITH THE GOAL OF WINNING THE HOUSE SWORD. HOUSE POINTS WERE TALLIED ON A WEEKLY BASIS AND TWO MAJOR EVENTS, FALL'S CROWN GAMES AND SPRINGS GRYPHON GAMES ADDED A PARTICULAR ETHOS AND CAMARADERIE TO THE ACADEMY. 7.FACULTY/PARENT COUNCIL - A PARENT TEACHER ORGANIZATION, FACULTY/PARENT COUNCIL WAS BEGUN WITH 5 PARENTS. THE COUNCIL SPENT MOST OF THE YEAR ORGANIZING, WRITING AND ADOPTING BYLAWS, AND PLANNING FOR FUTURE PARENTAL INVOLVEMENT. THE GOALS IS TO GET 100% PARENTAL INVOLVEMENT BY THE END OF 2023-2024. 8.ACCREDITATION - THE ACADEMY BEGAN THE PROCESS OF SEEKING ACCREDITATION FROM THE ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL. MOST SCHOOLS ARE NOT PERMITTED TO APPLY FOR ACCREDITATION FOR AT LEAST 3 YEARS AFTER THEIR BEING STARTED, BUT AFTER VISITING THE ACADEMY AND REVIEWING THE WORK THAT HAD ALREADY BEEN DONE BY THE HEADMASTER AND HIS TEAM, ACSI INVITED CHRYSOSTOM ACADEMY TO APPLY FOR ACCREDITATION. THE APPLICATION WILL BE SUBMITTED IN OCTOBER OF 2023. 9.MARKETING - DEFINITION OF THE ACADEMY BRAND, IN BOTH ONLINE AND PHYSICAL FORMS (MAILINGS, PRINT MEDIA, AND SCHOOL SPIRIT WEAR, WERE EXPANDED DURING THE 2022-2023 ACADEMIC YEAR. REGULAR AND CONSISTENT SOCIAL MEDIA POSTS WERE TARGETED AT DEMOGRAPHICS OF FAMILIES ESSENTIAL TO THE GROWTH AND SUCCESS OF THE SCHOOL. 10.IMPLEMENTATION OF A STUDENT INFORMATION SYSTEM - THE ACADEMY CHOSE FACTS SIS AS ITS SCHOOL SYSTEM FOR APPLICATION, ENROLLMENT, COMMUNICATION, GRADING, AND ACADEMIC RECORDS DATABASE. THE SIS WAS FULLY IMPLEMENTED BY FEBRUARY OF 2022 AND IS NOW BEING USED IN ALL MAJOR OPERATIONAL COMPONENTS OF THE ACADEMY. 11.BOARD RESTRUCTURING - IN FEBRUARY OF 2022, THE BOARD HAD A CONSULTING MEETING WITH A FORMER CEO OF A BIOTECH FIRM FROM SILICONE VALLEY. THE EXECUTIVE SPENT TWO DAYS WITH THE BOARD OFFERING WISDOM ON HOW TO TRANSITION THE FOUNDING BOARD TO AN OVERSEEING BOARD. THE BYLAWS WERE RETOOLED TO GIVE A MORE ACCURATE PICTURE OF THE ACADEMIES OPERATIONAL STRUCTURE. A FORMAL BOARD MEETING WAS HELD, BYLAWS WERE RATIFIED, AND FOUNDING MEMBERS WHO DID NOT WANT TO CONTINUE THEIR TENURE WERE ABLE TO STEP DOWN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION MODIFIED BYLAWS AND RESTRUCTURED THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REVIEWS 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
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 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0645 HAMILTON ST SUITE 204
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS BETLEY

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