2023-05-15T07:42:29-05:00 2022-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2021-07-01 593472268 SPRING CREEK CHARTER SCHOOL INC SPRI 3526693275 44440 SPRING CREEK ROAD PAISLEY FL 327679063 BOBBY TROUT PRESIDENT 3526693275 2023-05-15 1 BOBBY TROUT 999009999 GEORGE K MCNEMAR P01775038 4079989000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BOBBY TROUT 44440 SPRING CREEK ROAD PAISLEY FL 327679063 7086617 0 X N/A X 1997 FL TO PRODUCE A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE AND DRIVE. 7 7 70 115 0 0 629923 1081311 5114821 5896797 8494 3268 41442 105241 5794680 7086617 0 0 0 0 4383782 4260040 0 0 0 1633566 2508701 6017348 6768741 -222668 317876 4290367 4059430 5336082 4787267 -1045715 -727837 TO 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. 0 0 5954541 6002038 THE 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 572 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2022. 5954541 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 70 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAMELA LINDEMANN 3526693881 44440 SPRING CREEK ROAD PAISLEY FL 32767 BOBBY TROUT PRESIDENT 0.50 X X 0 0 0 DELORES DEEN SECRETARY 0.50 X 0 0 0 RALPH LENGEMANN BOARD MEMBER 0.50 X 0 0 0 JAMIE HANE BOARD MEMBER 0.50 X 0 0 0 RENEE PINKMAN BOARD MEMBER 0.50 X 0 0 0 SHAWN MCNEW BOARD MEMBER 0.50 X 0 0 0 ELISE RAINEY BOARD MEMBER 0.50 X 0 0 0 WESLEY LOCKE PRINCIPAL 40.00 X 96644 0 17834 96644 0 17834 0 0 0 0 0 1081311 1081311 PER PUPIL FEES 900099 5800607 5800607 STUDENT ACTIVITIES 900099 96190 96190 5896797 3268 3268 MISCELLANEOUS REVENUE 900099 105241 105241 105241 7086617 6002038 0 3268 114479 110598 3881 3311764 3025459 286305 551065 501473 49592 282732 260548 22184 65272 32636 32636 376157 332190 43967 613944 567304 46640 108515 107429 1086 83973 75487 8486 22913 21448 1465 15754 10240 5514 103635 102987 648 86292 55398 30894 MISCELLANEOUS EXPENSES 889279 623603 265676 REPAIRS AND MAINTENANCE 68471 61609 6862 REFUSE PICK-UP 41749 37574 4175 DUES & SUBSCRIPTIONS 16736 15828 908 16011 12730 3281 6768741 5954541 814200 0 1555443 1174987 955940 958159 104472 242612 40477 0 1147826 656637 512200 491189 1121835 1192483 4290367 4059430 23004 227776 285433 236462 5027645 4323029 5336082 4787267 X -1233026 -1103894 187311 376057 -1045715 -727837 4290367 4059430 X 317876 0 X 0 1 X 1 0 X 190636 117294 73342 957190 539343 417847 491189 FRS DEFERRED OUTFLOWS 923560 HIS DEFERRED OUTFLOWS 249785 OPEB DEFERRED OUTFLOWS 19138 1192483 COMPENSATED ABSENCES PAYABLE 178960 DUE TO LAKE COUNTY 871113 FRS DEFERRED INFLOWS 1546114 HIS DEFERRED INFLOWS 59501 FRS PENSION LIABILITY 432576 HIS PENSION LIABILITY 940853 OPEB LIABILITY 204844 OPEB DEFERRED OUTFLOWS 89068 4323029 X 7182605 95988 95988 7086617 0 7086617 6864729 95988 95988 6768741 0 6768741 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 95,988. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 95,988. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES, WEBSITES AND/OR VIDEOS. SCHEDULE E, PART I, LINE 6 REVENUES 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. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C OFFICERS 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 15 THE 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 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8 ADJUSTMENT ON PART XI LINE 8 DUE TO THE ADOPTION OF GOVERNMENTAL ACCOUNTING STANDARDS BOARD ISSUED STATEMENT NO. 84, FIDUCIARY ACTIVITIES ("GASB 84"). THIS IMPROVES GUIDANCE REGARDING THE IDENTIFICATION OF FIDUCIARY ACTIVITIES FOR ACCOUNTING AND FINANCIAL REPORTING PURPOSES AND HOW THOSE ACTIVITIES SHOULD BE REPORTED. A $105,617 PRIOR PERIOD ADJUSTMENT IS DUE TO THE IDENTIFICATION OF THESE FIDUCIARY ACTIVITIES UNDER THE NEW STANDARD. FORM 990, PART I, LINE 5 THE RELATIONSHIP BETWEEN SPRING CREEK CHARTER SCHOOL AND THE LAKE COUNTY SCHOOL DISTRICT REQUIRES THE EMPLOYEES WORKING AT THE SCHOOL TECHNICALLY BE EMPLOYEES OF THE SCHOOL DISTRICT. AS SUCH, ALL PAYROLL AND PAYROLL RELATED COSTS ARE PROCESSED AND PAID BY THE SCHOOL DISTRICT. THESE EXPENSES ARE THEN REIMBURSED BY THE SCHOOL ON A DOLLAR FOR DOLLAR BASIS. REIMBURSEMENTS PAID TO THE LAKE COUNTY SCHOOL DISTRICT FOR PAYROLL AND RELATED BENEFITS TOTALED $4,260,0402 FOR THE YEAR. THERE ARE APPROXIMATELY 66 EMPLOYEES OF THE LAKE COUNTY SCHOOL DISTRICT WORKING AT THE SPRING CREEK CHARTER SCHOOL. AS SUCH, THESE EMPLOYEES DID NOT RECEIVE FORM W-2. THE NUMBER OF EMPLOYEES DIRECTLY HIRED BY SPRING CREEK CHARTER SCHOOL WAS 32 DURING THE 2020 CALENDAR YEAR.