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SPRING CREEK CHARTER SCHOOL INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SPRING CREEK CHARTER SCHOOL INC (EIN 59-3472268)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-07
IRS object ID
202401289349301425
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-07T08:40:50-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593023516PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BKHM PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11900 SUMMIT TOWER BLVD STE 170AddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32810ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593472268EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPRING CREEK CHARTER SCHOOL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSPRIBusinessNameControlTxt
Phone3526693275PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144440 SPRING CREEK ROADAddressLine1Txt
CityPAISLEYCityNm
State AbbreviationFLStateAbbreviationCd
ZIP327679063ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBOBBY TROUTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3526693275PhoneNum
Signature2024-05-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBOBBYPersonFirstNm
Person LastTROUTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN BONAZINCAPreparerPersonNm
PTINP01316808PTIN
Phone4079989000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBOBBY TROUTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line144440 SPRING CREEK ROADAddressLine1Txt
CityPAISLEYCityNm
State AbbreviationFLStateAbbreviationCd
ZIP327679063ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,769,258GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1997FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO PRODUCE A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE AND DRIVE.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee111TotalEmployeeCnt
Total Volunteers135TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,081,311PYContributionsGrantsAmt
CY Contributions Grants$1,307,006CYContributionsGrantsAmt
PY Program Service Revenue$5,896,797PYProgramServiceRevenueAmt
CY Program Service Revenue$6,355,347CYProgramServiceRevenueAmt
PY Investment Income$3,268PYInvestmentIncomeAmt
CY Investment Income$1,874CYInvestmentIncomeAmt
PY Other Revenue$105,241PYOtherRevenueAmt
CY Other Revenue$105,031CYOtherRevenueAmt
PY Total Revenue$7,086,617PYTotalRevenueAmt
CY Total Revenue$7,769,258CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,260,040PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,744,784CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,508,701PYOtherExpensesAmt
CY Other Expenses$2,421,659CYOtherExpensesAmt
PY Total Expenses$6,768,741PYTotalExpensesAmt
CY Total Expenses$8,166,443CYTotalExpensesAmt
PY Revenues Less Expenses$317,876PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$397,185CYRevenuesLessExpensesAmt
Total Assets BOY$4,059,430TotalAssetsBOYAmt
Total Assets EOY$4,316,163TotalAssetsEOYAmt
Total Liabilities BOY$4,787,267TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,441,185TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$727,837NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,125,022NetAssetsOrFundBalancesEOYAmt
MissionTO IMPROVE STUDENTS' LEARNING WITH THE USE OF DIFFERENT AND INNOVATIVE LEARNING METHODS, INCREASING THE CHOICE OF LEARNING OPPORTUNITIES, AND ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$7,258,759ExpenseAmt
Revenue$6,460,378RevenueAmt
DescTHE CHARTER SCHOOL PROVIDES AN EDUCATIONAL PROGRAM TO STUDENTS THAT FOCUSES ON A TEACHING LEARNING CYCLE THAT WAS DEVELOPED BY THE SCHOOL. THE TEACHING LEARNING CYCLE IS AN OUTLINE OF METHODS WHICH COVERS ALL PROCESSES NECESSARY FOR HIGH ACHIEVEMENTS. APPROXIMATELY 611 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2023.Desc
Total Program Service Expenses$7,258,759TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee111EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KRISTIE NEVERETTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3526693881PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144440 SPRING CREEK ROADAddressLine1Txt
CityPAISLEYCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32767ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BOBBY TROUT
PRESIDENT0.50Yes (X)Yes (X)$0$0$0
DELORES DEEN
SECRETARY0.50Yes (X)$0$0$0
RALPH LENGEMANN
BOARD MEMBER0.50Yes (X)$0$0$0
JAMIE HANE
BOARD MEMBER0.50Yes (X)$0$0$0
SHAWN MCNEW
BOARD MEMBER0.50Yes (X)$0$0$0
ELISE RAINEY
BOARD MEMBER0.50Yes (X)$0$0$0
WESLEY LOCKE
PRINCIPAL40.00Yes (X)$88,029$0$16,250
FieldValueIRS element (for citing)
Total Reportable Comp From Org$88,029TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$16,250TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$1,307,006GovernmentGrantsAmt
Total Contributions$1,307,006TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PER PUPIL FEES900099$6,221,931$6,221,931
STUDENT ACTIVITIES900099$133,416$133,416
FieldValueIRS element (for citing)
Total Program Service Revenue$6,355,347TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,874TotalRevenueColumnAmt
Exclusion$1,874ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$105,031TotalRevenueColumnAmt
Related Or Exempt Func Income$105,031RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$105,031OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,769,258TotalRevenueColumnAmt
Related Or Exempt Func Income$6,460,378RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,874ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$104,279TotalAmt
Program Services$100,744ProgramServicesAmt
Management And General$3,535ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,145,440TotalAmt
Program Services$3,776,083ProgramServicesAmt
Management And General$369,357ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$529,202TotalAmt
Program Services$501,304ProgramServicesAmt
Management And General$27,898ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$652,247TotalAmt
Program Services$601,446ProgramServicesAmt
Management And General$50,801ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$313,616TotalAmt
Program Services$289,787ProgramServicesAmt
Management And General$23,829ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$50,404TotalAmt
Program Services$25,202ProgramServicesAmt
Management And General$25,202ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$428,227TotalAmt
Program Services$365,498ProgramServicesAmt
Management And General$62,729ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$397,284TotalAmt
Program Services$345,810ProgramServicesAmt
Management And General$51,474ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$103,975TotalAmt
Program Services$103,038ProgramServicesAmt
Management And General$937ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$122,837TotalAmt
Program Services$112,048ProgramServicesAmt
Management And General$10,789ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$13,553TotalAmt
Program Services$12,654ProgramServicesAmt
Management And General$899ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$13,622TotalAmt
Program Services$8,854ProgramServicesAmt
Management And General$4,768ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$145,846TotalAmt
Program Services$142,878ProgramServicesAmt
Management And General$2,968ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$57,167TotalAmt
Program Services$26,126ProgramServicesAmt
Management And General$31,041ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MISCELLANEOUS EXPENSES$939,101$723,576$215,525
REFUSE PICK-UP$69,625$62,662$6,963
REPAIRS AND MAINTENANCE$34,991$29,809$5,182
DUES & SUBSCRIPTIONS$25,564$18,585$6,979

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$19,463TotalAmt
Program Services$12,655ProgramServicesAmt
Management And General$6,808ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,166,443TotalAmt
Program Services$7,258,759ProgramServicesAmt
Management And General$907,684ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,174,987BOYAmt
EOY$784,568EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$958,159BOYAmt
EOY$559,104EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$242,612BOYAmt
EOY$323,895EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$49,934EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,720,326LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$780,464LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$491,189BOYAmt
EOY$939,862EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,192,483BOYAmt
EOY$1,658,800EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,059,430BOYAmt
EOY$4,316,163EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$227,776BOYAmt
EOY$493,013EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$236,462BOYAmt
EOY$579,939EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$100,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,323,029BOYAmt
EOY$4,268,233EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,787,267BOYAmt
EOY$5,441,185EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,103,894BOYAmt
EOY-$1,471,211EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$376,057BOYAmt
EOY$346,189EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$727,837BOYAmt
EOY-$1,125,022EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,059,430BOYAmt
EOY$4,316,163EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$397,185ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$353,361OtherCostOrOtherBasisAmt
Depreciation$166,872DepreciationAmt
Book Value$186,489BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,366,965OtherCostOrOtherBasisAmt
Depreciation$613,592DepreciationAmt
Book Value$753,373BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$939,862TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
FRS DEFERRED OUTFLOWS$1,288,154
HIS DEFERRED OUTFLOWS$351,266
OPEB DEFERRED OUTFLOWS$19,380
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,658,800TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
COMPENSATED ABSENCES PAYABLE$357,746
DUE TO LAKE COUNTY$44,006
FRS DEFERRED INFLOWS$36,967
HIS DEFERRED INFLOWS$166,415
FRS PENSION LIABILITY$2,416,895
HIS PENSION LIABILITY$954,359
OPEB LIABILITY$187,349
OPEB DEFERRED OUTFLOWS$104,496
FieldValueIRS element (for citing)
Total Liability$4,268,233TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,865,510TotalRevEtcAuditedFinclStmtAmt
Other Revenue$96,252OtherRevenueAmt
Revenue Not Reported$96,252RevenueNotReportedAmt
Revenue Subtotal$7,769,258RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,769,258TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,262,695TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$96,252OtherExpensesIncludedAmt
Expenses Not Reported$96,252ExpensesNotReportedAmt
Expenses Subtotal$8,166,443ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,166,443TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE SCHOOL IS AN ORGANIZATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION THAT AN ENTITY TAKES OR EXPECTS TO TAKE IN A TAX RETURN. THIS GUIDANCE IS APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS THAT MAY BE CONDUCTING UNRELATED BUSINESS ACTIVITIES, WHICH ARE POTENTIALLY SUBJECT TO INCOME TAXES, INCLUDING STATE INCOME TAXES. THE SCHOOL ASSESSES ITS INCOME TAX POSITIONS, INCLUDING ITS CONTINUING TAX STATUS AS A NOT-FOR-PROFIT ENTITY, AND RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE SCHOOL BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON AN EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR THE APPLICABLE STATE TAXING AUTHORITY. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THE SCHOOL'S FINANCIAL STATEMENTS, AS THE SCHOOL BELIEVES ALL TAX POSITIONS, INCLUDING ITS CONTINUING STATUS AS A NOT-FOR-PROFIT ENTITY, HAVE A GREATER THAN 50% CHANCE OF REALIZATION IN THE EVENT OF AN IRS AUDIT. STATE INCOME TAXES, WHICH MAY BE DUE IN CERTAIN JURISDICTIONS, HAVE BEEN ASSESSED FOLLOWING THE SAME "MORE LIKELY THAN NOT" MEASUREMENT THRESHOLD.
PART XI, LINE 2D - OTHER ADJUSTMENTS:PASSTHROUGH ADMIN FEES 96,252.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PASSTHROUGH ADMIN FEES 96,252.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES, WEBSITES AND/OR VIDEOS.
SCHEDULE E, PART I, LINE 6REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION WAS PROVIDED A COPY OF FORM 990 FOR THEIR DETAIL REVIEW PRIOR TO FILING. THE PRINCIPAL, ASSISTANT DIRECTOR OF FINANCE, AND THE CHARTER BOARD OF DIRECTORS REVIEW THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12COFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST AT EACH BOARD MEETING. THE MEETINGS ARE REVIEWED, AND ANY CONFLICTS DISCUSSED WITH THE BOARD PRESIDENT, AS PART OF THE AUDIT PROCESS. NEW OFFICERS AND DIRECTORS ARE MADE AWARE OF THE POLICY UPON APPOINTMENT.
FORM 990, PART VI, SECTION B, LINE 15THE SALARIES OF ALL EMPLOYEES ARE SET BY THE SCHOOL BOARD OF LAKE COUNTY, AND ANY CHANGE IN COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE SCHOOL BOARD OF LAKE COUNTY.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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