Attach to Form 990 or Form 990-EZ.
Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
| (i)Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 9 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| Total | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10. | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 6 | Total. Add lines 1 through 5. | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons... | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2015 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2015 |
(iii) Distributable Amount for 2015 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2015 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2015 (reasonable cause required--see instructions) |
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| 3 Excess distributions carryover, if any, to 2015: | ||||
| a | ||||
| b | ||||
| c | ||||
| d From 2013....... | ||||
| e From 2014....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2015 distributable amount | ||||
|
i
Carryover from 2010 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2015 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2015 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2015, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) |
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|
6
Remaining underdistributions for 2015. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) |
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|
7 Excess distributions carryover to 2016. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a | ||||
| b | ||||
| c Excess from 2013....... | ||||
| d From 2014....... | ||||
| e From 2015....... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| SCHEDULE E QUESTION 3 | AD ASTRA SCHOOL PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE LOS ANGELES TIMES ON AUGUST 8, 2016 DURING THE PERIOD OF SOLICITATION FOR STUDENTS. |
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Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| 1 | JARED J. BIRCHALL, SECRETARY & TREASURER, IS THE MANAGING DIRECTOR OF THE MUSK FAMILY OFFICE, WHICH OPERATES FOR THE BENEFIT OF ELON MUSK AND HIS FAMILY. |
| 2 | THE FORM 990 WAS PREPARED BY THE SCHOOL'S ACCOUNTANT AND REVIEWED BY THE PRESIDENT. AT THIS TIME, THE FORM 990 WAS REVIEWED IN DETAIL AND APPROVED FOR SUBMISSION TO THE INTERNAL REVENUE SERVICE. PRIOR TO THE FINAL FORM BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE, A COPY WAS PROVIDED TO ALL THE MEMBERS OF THE BOARD OF DIRECTORS. |
| 3 | EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS NO CONFLICT OF INTEREST. TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. THE REVIEWS ALSO INCLUDE WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. |
| 4 | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR STAFF DEVELOPMENT AND COMPENSATION. THE BOARD CONDUCTS ANNUAL REVIEWS OF COMPENSATION AND BENEFITS, AND COMPARES COMPENSATION WITH DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS. IT IS THE SCHOOL'S POLICY TO PROVIDE COMPENSATION THAT IS ABOVE THE MEDIAN FOR COMPARABLE ORGANIZATIONS, TO MORE EFFECTIVELY ATTRACT AND RETAIN THE HIGHEST QUALITY EMPLOYEES. THE MEMBERS OF THE BOARD OF DIRECTORS DRAW ON THEIR CONSIDERABLE BUSINESS EXPERIENCE TO APPROPRIATELY EVALUATE AND COMPENSATE KEY EMPLOYEES. |
| 5 | ELON MUSK IS A DIRECTOR OF THE SCHOOL AND A SUBSTANTIAL CONTRIBUTOR TO THE SCHOOL. HIS FIVE CHILDREN CURRENTLY ATTEND THE SCHOOL. THE SCHOOL DOES NOT CHARGE TUITION TO ANY OF ITS STUDENTS. HOWEVER, TO AVOID ANY CONCERNS ABOUT PRIVATE BENEFIT, INUREMENT, AND ANY APPEARANCE OF UNTOWARD PERSONAL BENEFIT, ALL CONTRIBUTIONS BY MR. MUSK ARE TREATED AS FOLLOWS. THE EQUIVALENT FAIR MARKET VALUE OF THE SCHOOL'S TUITION IS DETERMINED BY THE DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, BASED ON THE AVERAGE TUITION RATES OF SIMILAR PRIVATE SCHOOLS IN CALIFORNIA. ALL CONTRIBUTIONS BY MR. MUSK ARE TREATED AS TUITION-EQUIVALENT PAYMENTS FOR THE BENEFIT OF HIS CHILDREN THAT ATTEND THE SCHOOL, UP TO THE FULL VALUE OF THE TUITION THAT IS IMPUTED TO HIS CHILDREN. THESE TUITION-EQUIVALENT PAYMENTS ARE CONSIDERED PROGRAM SERVICE REVENUE TO THE SCHOOL, AND MR. MUSK WILL NOT TAKE A CHARITABLE DEDUCTION ON HIS INCOME TAX RETURN. ANY CONTRIBUTIONS BY MR. MUSK THAT EXCEED THE EQUIVALENT VALUE OF TUITION FOR HIS CHILDREN ARE CONSIDERED CHARITABLE CONTRIBUTIONS THAT ARE DEDUCTIBLE FOR INCOME TAX PURPOSES. THE SCHOOL WILL PREPARE WRITTEN SUBSTANTIATION FOR MR. MUSK'S CONTRIBUTIONS REDUCED BY THE EQUIVALENT VALUE OF THE SCHOOL'S TUITION. IN THE FISCAL YEAR ENDING 2016, THE SCHOOL DETERMINED THAT THE AVERAGE TUITION FOR SIMILAR PRIVATE SCHOOLS IN CALIFORNIA WAS $28,000 PER YEAR. BECAUSE MR. MUSK'S FIVE CHILDREN CURRENTLY ATTEND THE SCHOOL, THE FIRST $140,000 OF MR. MUSK'S CONTRIBUTIONS TO THE SCHOOL ARE TREATED AS TUITION-EQUIVALENT PAYMENTS FOR THE BENEFIT OF HIS CHILDREN THAT ATTEND THE SCHOOL. THE BALANCE OF MR. MUSK'S CONTRIBUTIONS TO THE SCHOOL ARE CONSIDERED CHARITABLE CONTRIBUTIONS. MR. MUSK HAS BEEN ADVISED OF THE RULES REGARDING PRIVATE BENEFIT AND INUREMENT. TO THE EXTENT ANY OTHER DISQUALIFIED PERSONS HAVE STUDENTS IN THE SCHOOL, THE BOARD OF DIRECTORS WILL FOLLOW THE SAME POLICY AND PROCEDURE. IN ADDITION, THE SCHOOL HAS REACHED AN ARRANGEMENT WITH MR. MUSK THAT SO LONG AS HE IS A DISQUALIFIED PERSON AND HAS CHILDREN ATTENDING THE SCHOOL, HE WILL MAKE ANNUAL TUITION-EQUIVALENT, NON-DEDUCTIBLE CONTRIBUTIONS TO THE SCHOOL THAT ARE NO LESS THAN THE FAIR MARKET VALUE OF THE TUITION SAVINGS. |
| 6 | THE SCHOOL IS CURRENTLY TUITION-FREE. IF THE SCHOOL EVENTUALLY CHARGES TUITION, IT PLANS TO AWARD NEED-BASED SCHOLARSHIPS TO STUDENTS ACCEPTED INTO THE SCHOOL, GENERALLY IN THE FORM OF GIFTS. THE SCHOOL WILL PUBLICIZE THE AVAILABILITY OF ITS SCHOLARSHIPS THROUGH ITS BROCHURES, ITS WEBSITE, AND DURING THE INITIAL FAMILY TOUR OF THE SCHOOL. THE SCHOOL HAS NOT YET PREPARED SOLICITATION OR ANNOUNCEMENT MATERIALS. WHEN IT OFFERS SCHOLARSHIPS, THE SCHOOL WILL MAINTAIN ADEQUATE RECORDS AND CASE HISTORIES AS REQUIRED UNDER REVENUE RULING 56-304. |
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