TY 2014 Form 990 Schedule O

efile Public Visual Render ObjectId: 201621379349309847 - Submission: 2016-05-16 TIN: 46-4096974

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

CICERO PREPARATORY ACADEMY

Employer identification number

46-4096974

Return Reference	Explanation
FORM 990, PART V - ADDITIONAL INFORMATION	LINE 2A: ALL PAYROLL, PAYROLL TAXES AND BENEFIT PLANS ARE CENTRALIZED THROUGH ITS TAX-EXEMPT SOLE MEMBER, GREAT HEARTS ACADEMIES (EIN #20-2036133), WHICH ACTS AS THE COMMON PAYMASTER FOR ALL OF ITS SUBSIDIARY SCHOOLS. THEREFORE, GREAT HEARTS ACADEMIES FILES PAYROLL TAX RETURNS UNDER THEIR EMPLOYER TAX IDENTIFICATION NUMBER REPORTING ALL PAYROLL ACTIVITY ON BEHALF OF THE SCHOOL. PAYROLL RELATED EXPENSES REPORTED ON THIS RETURN REPRESENTS AN ALLOCATION OF SALARIES AND WAGES PAID BY THE ENTITY.
FORM 990, PART VI, SECTION A, LINE 2	WARD HUSETH AS AN OFFICER OF GREAT HEARTS ACADEMIES HAS A BUSINESS RELATIONSHIP WITH MARK DISCHER, HELEN HAYES, AARON KINDEL, DR. DANIEL SCOGGIN, MARILYN PAPKE, AND ALISON CHANEY PAID EMPLOYEES OF GREAT HEARTS ACADEMIES.
FORM 990, PART VI, SECTION A, LINE 3	THE ACADEMY HAS A MANAGEMENT AGREEMENT WITH GREAT HEARTS ACADEMIES TO PROVIDE MANAGEMENT SERVICES AND DAY-TO-DAY OVERSIGHT.
FORM 990, PART VI, SECTION A, LINE 6	THE SOLE MEMBER OF THE ACADEMY IS GREAT HEARTS ACADEMIES, AN ORGANIZATION EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
FORM 990, PART VI, SECTION A, LINE 7A	THE SCHOOL'S TAX-EXEMPT SOLE MEMBER APPOINTS THE SCHOOL'S DIRECTORS, FILLS VACANCIES ON THE BOARD, AND MAY REMOVE DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	THE SCHOOL'S TAX-EXEMPT SOLE MEMBER RETAINS APPROVAL RIGHTS OVER KEY DECISIONS SUCH AS CHANGES TO THE SCHOOL'S BYLAWS, ARTICLES OF INCORPORATION, EDUCATIONAL PHILOSOPHY, AND SIGNIFICANT FINANCIAL EXPENDITURES (IN EXCESS OF $50,000).
FORM 990, PART VI, SECTION B, LINE 11	THE 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND IS REVIEWED INTERNALLY BY THE CFO.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS, OFFICERS AND ALL EMPLOYEES COMPLETE AND SIGN A CONFLICT OF INTEREST AGREEMENT. THESE AGREEMENTS ARE REVIEWED BY HUMAN RESOURCES AND ANY CONFLICTS ARE IDENTIFIED AND REPORTED TO THE AUDITORS AND THE BOARD TO MONITOR.
FORM 990, PART VI, SECTION C, LINE 19	ALL BOARD MEETINGS ARE POSTED IN ADVANCE IN ACCORDANCE WITH ARIZONA OPEN MEETINGS LAWS. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BOTH AT THE MEETING OR FOLLOWING THE MEETING AND UPON REQUEST.

Return Reference

Explanation

FORM 990, PART V - ADDITIONAL INFORMATION

LINE 2A: ALL PAYROLL, PAYROLL TAXES AND BENEFIT PLANS ARE CENTRALIZED THROUGH ITS TAX-EXEMPT SOLE MEMBER, GREAT HEARTS ACADEMIES (EIN #20-2036133), WHICH ACTS AS THE COMMON PAYMASTER FOR ALL OF ITS SUBSIDIARY SCHOOLS. THEREFORE, GREAT HEARTS ACADEMIES FILES PAYROLL TAX RETURNS UNDER THEIR EMPLOYER TAX IDENTIFICATION NUMBER REPORTING ALL PAYROLL ACTIVITY ON BEHALF OF THE SCHOOL. PAYROLL RELATED EXPENSES REPORTED ON THIS RETURN REPRESENTS AN ALLOCATION OF SALARIES AND WAGES PAID BY THE ENTITY.

FORM 990, PART VI, SECTION A, LINE 2

WARD HUSETH AS AN OFFICER OF GREAT HEARTS ACADEMIES HAS A BUSINESS RELATIONSHIP WITH MARK DISCHER, HELEN HAYES, AARON KINDEL, DR. DANIEL SCOGGIN, MARILYN PAPKE, AND ALISON CHANEY PAID EMPLOYEES OF GREAT HEARTS ACADEMIES.

FORM 990, PART VI, SECTION A, LINE 3

THE ACADEMY HAS A MANAGEMENT AGREEMENT WITH GREAT HEARTS ACADEMIES TO PROVIDE MANAGEMENT SERVICES AND DAY-TO-DAY OVERSIGHT.

FORM 990, PART VI, SECTION A, LINE 6

THE SOLE MEMBER OF THE ACADEMY IS GREAT HEARTS ACADEMIES, AN ORGANIZATION EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).

FORM 990, PART VI, SECTION A, LINE 7A

THE SCHOOL'S TAX-EXEMPT SOLE MEMBER APPOINTS THE SCHOOL'S DIRECTORS, FILLS VACANCIES ON THE BOARD, AND MAY REMOVE DIRECTORS.

FORM 990, PART VI, SECTION A, LINE 7B

THE SCHOOL'S TAX-EXEMPT SOLE MEMBER RETAINS APPROVAL RIGHTS OVER KEY DECISIONS SUCH AS CHANGES TO THE SCHOOL'S BYLAWS, ARTICLES OF INCORPORATION, EDUCATIONAL PHILOSOPHY, AND SIGNIFICANT FINANCIAL EXPENDITURES (IN EXCESS OF $50,000).

FORM 990, PART VI, SECTION B, LINE 11

THE 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND IS REVIEWED INTERNALLY BY THE CFO.

FORM 990, PART VI, SECTION B, LINE 12C

BOARD MEMBERS, OFFICERS AND ALL EMPLOYEES COMPLETE AND SIGN A CONFLICT OF INTEREST AGREEMENT. THESE AGREEMENTS ARE REVIEWED BY HUMAN RESOURCES AND ANY CONFLICTS ARE IDENTIFIED AND REPORTED TO THE AUDITORS AND THE BOARD TO MONITOR.

FORM 990, PART VI, SECTION C, LINE 19

ALL BOARD MEETINGS ARE POSTED IN ADVANCE IN ACCORDANCE WITH ARIZONA OPEN MEETINGS LAWS. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BOTH AT THE MEETING OR FOLLOWING THE MEETING AND UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

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