OXBRIDGE ACADEMY FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- OXBRIDGE ACADEMY FOUNDATION INC (EIN 94-3435402)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-13
- IRS object ID
- 202411349349306376
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-13T14:11:14-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 946214841 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARMANINO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2700 CAMINO RAMON STE 350 | AddressLine1Txt |
| City | SAN RAMON | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 945835004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943435402 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OXBRIDGE ACADEMY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OXBR | BusinessNameControlTxt |
| Phone | 5619729600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3151 NORTH MILITARY TRAIL | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33409 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REBECCA DE JESUS | PersonNm |
| Person Title | CHIEF BUSINESS OFFICER/TREASURER | PersonTitleTxt |
| Phone | 5619729600 | PhoneNum |
| Signature | 2024-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | REBECCA | PersonFirstNm |
| Person Last | DE JESUS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW PETROSKI | PreparerPersonNm |
| PTIN | P00853132 | PTIN |
| Phone | 9257902600 | PhoneNum |
| Preparation | 2024-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OXBRIDGE ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | REBECCA DE JESUS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3151 NORTH MILITARY TRAIL | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33409 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $29,974,566 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.OAPB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | TO OWN AND OPERATE A NONPROFIT, INDEPENDENT MIDDLE AND HIGH SCHOOL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 212 | TotalEmployeeCnt |
| Total Volunteers | 125 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,307,133 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,876,454 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,718,232 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,014,822 | CYProgramServiceRevenueAmt |
| PY Investment Income | $33,089 | PYInvestmentIncomeAmt |
| CY Investment Income | $51,338 | CYInvestmentIncomeAmt |
| PY Other Revenue | $409,103 | PYOtherRevenueAmt |
| CY Other Revenue | $248,767 | CYOtherRevenueAmt |
| PY Total Revenue | $20,467,557 | PYTotalRevenueAmt |
| CY Total Revenue | $26,191,381 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,182,800 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,276,217 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,179,473 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $988,042 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,059,091 | PYOtherExpensesAmt |
| CY Other Expenses | $8,852,096 | CYOtherExpensesAmt |
| PY Total Expenses | $19,335,308 | PYTotalExpensesAmt |
| CY Total Expenses | $27,214,369 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,132,249 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,022,988 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $56,839,891 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,614,668 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,935,266 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $39,149,924 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $29,904,625 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $29,464,744 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO EMPOWER STUDENTS THROUGH A DISTINCTIVE CURRICULUM, AN ENRICHING ENVIRONMENT, AND AN EXPERT FACULTY TO NAVIGATE THEIR EDUCATIONAL JOURNEY WITH AGILITY, CONFIDENCE, AND PURPOSE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,547,305 | ExpenseAmt |
| Grant | $5,182,800 | GrantAmt |
| Revenue | $21,031,244 | RevenueAmt |
| Desc | A NONPROFIT, PRIVATE, COEDUCATIONAL, INDEPENDENT MIDDLE AND HIGH SCHOOL. THE SCHOOL IS LOCATED IN WEST PALM BEACH, FLORIDA AND SERVED APPROXIMATELY 560 STUDENTS FOR THE YEAR ENDED JUNE 30,2023. | Desc |
| Total Program Service Expenses | $23,547,305 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 44 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 212 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REBECCA DE JESUS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5619729600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3151 NORTH MILITARY TRAIL | AddressLine1Txt |
| City | WEST PALM BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33409 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| RALPH MAURER | ||||||||
| HEAD OF SCHOOL | 50.00 | Yes (X) | $429,775 | $0 | $33,582 | |||
| COURTNEY PORTLOCK | ||||||||
| ASSISTANT HEAD OF SCHOOL | 50.00 | $213,036 | $0 | $31,040 | Yes (X) | |||
| SCOTT SIEGFRIED | ||||||||
| DIRECTOR OF ADVANCEMENT | 50.00 | $211,541 | $0 | $30,410 | Yes (X) | |||
| REBECCA DE JESUS | ||||||||
| CHIEF BUSINESS OFFICER/TREASURER | 50.00 | Yes (X) | $217,298 | $0 | $21,313 | |||
| STANLEY ROSS | ||||||||
| DIRECTOR OF ATHLETICS | 50.00 | $172,662 | $0 | $99,549 | Yes (X) | |||
| KELLY PRISCO | ||||||||
| DIRECTOR OF HEALTH AND WELLNESS | 50.00 | $142,771 | $0 | $22,631 | Yes (X) | |||
| ZOE LOSADA | ||||||||
| DIRECTOR OF COLLEGE COUNSELING | 50.00 | $110,222 | $0 | $18,846 | Yes (X) | |||
| JANET OUTLAW | ||||||||
| DEPARTMENT CHAIR, LEARNING SUPPORT | 50.00 | $107,481 | $0 | $21,536 | Yes (X) | |||
| JOHN KLEMME | ||||||||
| DEPARTMENT CHAIR, ENGLISH | 50.00 | $110,898 | $0 | $12,194 | Yes (X) | |||
| ANNE REILLY | ||||||||
| DEPARTMENT CHAIR, SCIENCE | 50.00 | $107,488 | $0 | $6,397 | Yes (X) | |||
| DAVID ROSOW | ||||||||
| PRESIDENT/CEO | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| WILLIAM I KOCH | ||||||||
| CHAIRMAN | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| SCOTT HUMPHREY | ||||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY BOODESHWAR | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| DARLENE JORDAN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| ROBERT KAUFMANN | ||||||||
| DIRECTOR | 3.00 | $0 | $0 | $0 | Yes (X) | |||
| SEAN MCGOULD | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| AMANDA SCHUMACHER | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| ROBERT SIMSES | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| MATT SMITH | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,823,172 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $297,498 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TACTICAL SECURITY CONSULTANTS INC | |||||
| 1402 CLYDESDALE DRIVE | LOXAHATCHEE | FL | 33470 | SECURITY SERVICES | $284,505 |
| COVERALL NORTH AMERICA | |||||
| 2541 METROCENTRE BLVD STE 1 | WEST PALM BEACH | FL | 33407 | CLEANING & JANITORIAL SERVICES | $272,771 |
| JUPITER SCHOOL BUS SERVICE INC | |||||
| PO BOX 7975 | JUPITER | FL | 334687975 | SCHOOL BUS SERVICES | $268,455 |
| SOUTHERN EXPOSURE LANDSCAPE OF SFLINC | |||||
| 9025 159TH CT N | JUPITER | FL | 33478 | LANDSCAPING SERVICES | $153,662 |
| AWG DEWAR INC | |||||
| 4 BATTERYMARCH PARK | QUINCY | MA | 021697468 | TUITION INSURANCE SERVICES | $138,473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,148,375 | FundraisingAmt |
| All Other Contributions | $3,728,079 | AllOtherContributionsAmt |
| Noncash Contributions | $34,808 | NoncashContributionsAmt |
| Total Contributions | $4,876,454 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SCHOOL TUITION | 611110 | $20,413,285 | $20,413,285 |
| AUXILIARY SERVICES | 611110 | $601,537 | $601,537 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,014,822 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,050 | TotalRevenueColumnAmt |
| Exclusion | $70,050 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $476,556 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $4,355 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $472,201 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $472,201 | TotalRevenueColumnAmt |
| Exclusion | $472,201 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,400,404 | SecuritiesAmt |
| Other | $767 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,419,883 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$19,479 | SecuritiesAmt |
| Other | $767 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$18,712 | TotalRevenueColumnAmt |
| Exclusion | -$18,712 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $70,601 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,148,375 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $310,457 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$239,856 | TotalRevenueColumnAmt |
| Exclusion | -$239,856 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $64,912 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $48,490 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,422 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,422 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,191,381 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,031,244 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $283,683 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,182,800 | TotalAmt |
| Program Services | $5,182,800 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,420,167 | TotalAmt |
| Program Services | $250,152 | ProgramServicesAmt |
| Management And General | $843,370 | ManagementAndGeneralAmt |
| Fundraising | $326,645 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,182,803 | TotalAmt |
| Program Services | $8,320,956 | ProgramServicesAmt |
| Management And General | $600,854 | ManagementAndGeneralAmt |
| Fundraising | $260,993 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,803 | TotalAmt |
| Program Services | $277,900 | ProgramServicesAmt |
| Management And General | $18,761 | ManagementAndGeneralAmt |
| Fundraising | $14,142 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,515,845 | TotalAmt |
| Program Services | $1,309,174 | ProgramServicesAmt |
| Management And General | $121,670 | ManagementAndGeneralAmt |
| Fundraising | $85,001 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $749,855 | TotalAmt |
| Program Services | $612,208 | ProgramServicesAmt |
| Management And General | $97,453 | ManagementAndGeneralAmt |
| Fundraising | $40,194 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,219 | TotalAmt |
| Management And General | $56,219 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,705 | TotalAmt |
| Management And General | $70,705 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,970 | TotalAmt |
| Program Services | $125,214 | ProgramServicesAmt |
| Management And General | $183,998 | ManagementAndGeneralAmt |
| Fundraising | $68,758 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,625 | TotalAmt |
| Management And General | $56,313 | ManagementAndGeneralAmt |
| Fundraising | $56,312 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $591,259 | TotalAmt |
| Program Services | $537,222 | ProgramServicesAmt |
| Management And General | $45,444 | ManagementAndGeneralAmt |
| Fundraising | $8,593 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,399 | TotalAmt |
| Program Services | $106,657 | ProgramServicesAmt |
| Management And General | $26,105 | ManagementAndGeneralAmt |
| Fundraising | $26,637 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,800,108 | TotalAmt |
| Program Services | $1,697,379 | ProgramServicesAmt |
| Management And General | $102,334 | ManagementAndGeneralAmt |
| Fundraising | $395 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,280 | TotalAmt |
| Program Services | $38,185 | ProgramServicesAmt |
| Management And General | $32,871 | ManagementAndGeneralAmt |
| Fundraising | $13,224 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $634,408 | TotalAmt |
| Program Services | $633,863 | ProgramServicesAmt |
| Management And General | $148 | ManagementAndGeneralAmt |
| Fundraising | $397 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,256 | TotalAmt |
| Program Services | $1,522,502 | ProgramServicesAmt |
| Management And General | $250,390 | ManagementAndGeneralAmt |
| Fundraising | $15,364 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $827,514 | TotalAmt |
| Program Services | $826,803 | ProgramServicesAmt |
| Management And General | $193 | ManagementAndGeneralAmt |
| Fundraising | $518 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD AND SUPPLIES | $825,399 | $760,702 | $52,087 | $12,610 |
| FIELD TRIPS | $491,225 | $491,225 | ||
| SCHOOL BUS TRANSPORTATI | $378,982 | $378,982 | ||
| SPORTS EQUIPMENT/UNIFOR | $226,571 | $226,571 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,176 | TotalAmt |
| Program Services | $248,810 | ProgramServicesAmt |
| Management And General | $120,107 | ManagementAndGeneralAmt |
| Fundraising | $58,259 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,214,369 | TotalAmt |
| Program Services | $23,547,305 | ProgramServicesAmt |
| Management And General | $2,679,022 | ManagementAndGeneralAmt |
| Fundraising | $988,042 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,822,296 | BOYAmt |
| EOY | $7,742,473 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $668,279 | BOYAmt |
| EOY | $677,619 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,100 | BOYAmt |
| EOY | $575,132 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $428,309 | BOYAmt |
| EOY | $11,932,919 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,958 | BOYAmt |
| EOY | $131,269 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $787,293 | BOYAmt |
| EOY | $1,088,285 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,962,506 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,858,770 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,282,259 | BOYAmt |
| EOY | $45,103,736 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $518,749 | BOYAmt |
| EOY | $1,258,486 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,648 | BOYAmt |
| EOY | $104,749 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,839,891 | BOYAmt |
| EOY | $68,614,668 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,096,350 | BOYAmt |
| EOY | $2,099,135 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,132,894 | BOYAmt |
| EOY | $16,667,825 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,706,022 | BOYAmt |
| EOY | $20,293,486 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $89,478 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,935,266 | BOYAmt |
| EOY | $39,149,924 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,013,113 | BOYAmt |
| EOY | $26,972,673 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,891,512 | BOYAmt |
| EOY | $2,492,071 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,904,625 | BOYAmt |
| EOY | $29,464,744 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,839,891 | BOYAmt |
| EOY | $68,614,668 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,022,988 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $88,304 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $521,839 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$27,036 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,168,425 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $90,061 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,258,486 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,271,602 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$103,177 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,168,425 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,121,140 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $150,462 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,271,602 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,091,871 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $29,269 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,121,140 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,046,475 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $45,396 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,091,871 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,409,345 | OtherCostOrOtherBasisAmt |
| Book Value | $13,409,345 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,922,948 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,750,706 | DepreciationAmt |
| Book Value | $30,172,242 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,182,006 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,999,670 | DepreciationAmt |
| Book Value | $1,182,336 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $448,207 | OtherCostOrOtherBasisAmt |
| Depreciation | $108,394 | DepreciationAmt |
| Book Value | $339,813 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $45,103,736 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITIES ON FINANCING LEASES | Desc |
| Amt | $89,478 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $89,478 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $21,433,151 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $88,304 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$5,209,836 | OtherRevenueAmt |
| Revenue Not Reported | -$5,121,532 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,554,683 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$363,302 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$363,302 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $26,191,381 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $22,394,871 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $363,302 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $363,302 | ExpensesNotReportedAmt |
| Expenses Subtotal | $22,031,569 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $5,182,800 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,182,800 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $27,214,369 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | OXBRIDGE ACADEMY FOUNDATION, INC. INTENDS TO USE THE ENDOWMENT FUNDS TO SERVE THE PURPOSE OF CONTRIBUTING TO THE FUTURE FINANCIAL NEEDS OF THE INSTITUTION. |
| PART X, LINE 2: | THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE CONSIDERED NECESSARY. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FINANCIAL AID -5,182,800. LOSSES ON UNCOLLECTIBLE PLEDGES -27,036. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EXPENSES -310,457. COST OF GOODS SOLD -48,490. RENTAL EXPENSES -4,355. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EXPENSES 310,457. COST OF GOODS SOLD 48,490. RENTAL EXPENSES 4,355. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FINANCIAL AID 5,182,800. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE HOMEPAGE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN THE REVENUE RULING 2019-22. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES (FIELD TRIP) | TypeOfActivitiesConductedTxt |
| Specific Services Provided | CAMBRIDGE, ENGLAND SCHOLARS PROGRAM & STUDY ABROAD PROGRAM IN CADIZ, SPAIN | SpecificServicesProvidedTxt |
| Region Total Expenditures | $158,922 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $158,922 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $158,922 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SPRING SOIREE GALA | Event1Nm |
| Gross Receipts Event1 | $851,800 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $818,039 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $33,761 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $725 | CashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $52,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $3,688 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $3,981 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $17,884 | OtherDirectExpensesEvent1Amt |
| Event2 | GOLF & TENNIS TOURNAMENT | Event2Nm |
| Gross Receipts Event2 | $367,176 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $330,336 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $36,840 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $125,915 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $33,714 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $9,827 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $62,723 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $1,218,976 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,148,375 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $70,601 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $725 | CashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $177,915 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $37,402 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $13,808 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $80,607 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $310,457 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$239,856 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| FINANCIAL AID | 200 | $0 | $5,072,800 | FMV | DIRECT CREDIT TO STUDENT ACCOUNT |
| MERIT SCHOLARSHIP | 12 | $0 | $110,000 | FMV | DIRECT CREDIT TO STUDENT ACCOUNT |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL FAMILIES ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. THE SCHOOL USES A THIRD-PARTY TO COLLECT APPLICATIONS AND RELATED TAX DOCUMENTATION. EACH APPLICATION IS REVIEWED BY THE SCHOOL AND A CONSISTENT METHODOLOGY IS APPLIED TO DETERMINE EACH FAMILY'S LEVEL OF NEED. THE FINANCIAL AID COMMITTEE ALLOCATES THE FINANCIAL AID BASED ON THE DETERMINED NEED AND AVAILABILITY OF FUNDS. THE FINANCIAL AID AWARDED IS GIVEN TO STUDENTS AS A REDUCTION IN THEIR TUITION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RALPH MAURER | ||||||||||||||
| HEAD OF SCHOOL | $429,775 | $0 | $0 | $0 | $0 | $0 | $10,800 | $0 | $22,782 | $0 | $463,357 | $0 | $0 | $0 |
| COURTNEY PORTLOCK | ||||||||||||||
| ASSISTANT HEAD OF SCHOOL | $213,036 | $0 | $0 | $0 | $0 | $0 | $8,258 | $0 | $22,782 | $0 | $244,076 | $0 | $0 | $0 |
| SCOTT SIEGFRIED | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $211,541 | $0 | $0 | $0 | $0 | $0 | $7,639 | $0 | $22,771 | $0 | $241,951 | $0 | $0 | $0 |
| REBECCA DE JESUS | ||||||||||||||
| CHIEF BUSINESS OFFICER/TREASURER | $187,298 | $0 | $30,000 | $0 | $0 | $0 | $6,810 | $0 | $14,503 | $0 | $238,611 | $0 | $0 | $0 |
| STANLEY ROSS | ||||||||||||||
| DIRECTOR OF ATHLETICS | $162,662 | $0 | $10,000 | $0 | $0 | $0 | $6,824 | $0 | $92,725 | $0 | $272,211 | $0 | $0 | $0 |
| KELLY PRISCO | ||||||||||||||
| DIRECTOR OF HEALTH AND WELLNESS | $142,771 | $0 | $0 | $0 | $0 | $0 | $5,651 | $0 | $16,980 | $0 | $165,402 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | THE CHIEF BUSINESS OFFICER RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $30,000 AND THE DIRECTOR OF ATHLETICS RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $10,000. THE BONUSES WERE APPROVED BY THE BOARD BASED ON PERFORMANCE AND GOALS SET BY THE ORGANIZATION. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PALM BEACH COUNTY FLORIDA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 596000785 | BondIssuerEIN |
| CUSIP | NONEAVAIL | CUSIPNum |
| Bond Issued | 2022-06-23 | BondIssuedDt |
| Issue Price | $21,000,000 | IssuePriceAmt |
| Purpose | REFUNDING OF PRIOR BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $439,355 | RetiredAmt |
| Total Proceeds | $21,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $341,970 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $20,658,030 | OtherSpentProceedsAmt |
| Substantial Completion | 2022 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $34,808 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS NOT THE NUMBER OF ITEMS CONTRIBUTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DAVID ROSOW MAINTAINS A BUSINESS RELATIONSHIP WITH WILLIAM I. KOCH. |
| FORM 990, PART VI, SECTION A, LINE 6 | EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. NO MEMBER IS ENTITLED TO ANY DIVIDEND OR ANY PART OF THE INCOME OF THE CORPORATION, OR TO SHARE IN THE DISTRIBUTION OF THE CORPORATE ASSETS UPON DISSOLUTION. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTORS SHALL BE ELECTED BY THE MEMBERS AT THE BOARD MEETING OF THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT AND THEN REVIEWED WITH THE HEAD OF SCHOOL, PRESIDENT AND THE TREASURER OF THE FOUNDATION BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION REQUIRES AN ANNUAL FORM TO BE COMPLETED BY EACH BOARD MEMBER, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH DELEGATED POWERS TO DECLARE ANY CONFLICTS. IF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST COMES UP, THE CHAIRPERSON OF THE BOARD AND COMMITTEE SHALL APPOINT A DESIGNATED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE BY OBTAINING AND REVIEWING RELIABLE COMPARABILITY INFORMATION REGARDING THE TERMS OF THE TRANSACTION FROM APPROPRIATE INDEPENDENT SOURCES, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH A BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE AND TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD CONSULTS WITH INDEPENDENT SEARCH FIRMS TO SEARCH FOR INDIVIDUALS AND PROVIDE COMPARABILITY AND COMPENSATION DATA. THE OTHER OFFICER AND KEY EMPLOYEES' COMPENSATION ARE DETEMINED BY THE HEAD OF SCHOOL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | LOSSES ON UNCOLLECTIBLE PLEDGES -27,036. |
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