MINNEOLA CHARTER SCHOOLS INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MINNEOLA CHARTER SCHOOLS INC (EIN 45-0468799)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-02-10
IRS object ID
202200419349300210
Schema version
2020v4.2
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)
Return2022-02-10T08:04:00-06:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

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 Line11560 ORANGE AVENUE SUITE 600AddressLine1Txt
CityWINTER PARKCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32789ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450468799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MINNEOLA ELEMENTARY SCHOOL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMINNBusinessNameControlTxt
Phone3523942600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1320 EAST PEARL STREETAddressLine1Txt
CityMINNEOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34715ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANEL PLOUFFEPersonNm
Person TitleBOARD CHAIRMANPersonTitleTxt
Phone3523942600PhoneNum
Signature2022-02-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJANELPersonFirstNm
Person LastPLOUFFEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGEORGE K MCNEMARPreparerPersonNm
PTINP01775038PTIN
Phone4079989000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJANEL PLOUFFEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1320 EAST PEARL STREETAddressLine1Txt
CityMINNEOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34715ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,195,890GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://LAKE.K12.FL.US/MOEWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionPROVIDE A NURTURING, SUPPORTIVE, AND LEARNING ENVIRONMENT SO STUDENTS CAN REACH THEIR FULL POTENTIAL.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee15TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$162,127PYContributionsGrantsAmt
CY Contributions Grants$512,167CYContributionsGrantsAmt
PY Program Service Revenue$11,076,737PYProgramServiceRevenueAmt
CY Program Service Revenue$12,402,593CYProgramServiceRevenueAmt
PY Investment Income$32,297PYInvestmentIncomeAmt
CY Investment Income$5,068CYInvestmentIncomeAmt
PY Other Revenue$95,457PYOtherRevenueAmt
CY Other Revenue$276,062CYOtherRevenueAmt
PY Total Revenue$11,366,618PYTotalRevenueAmt
CY Total Revenue$13,195,890CYTotalRevenueAmt
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$9,485,494PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$11,023,561CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,085,385PYOtherExpensesAmt
CY Other Expenses$2,516,560CYOtherExpensesAmt
PY Total Expenses$11,570,879PYTotalExpensesAmt
CY Total Expenses$13,540,121CYTotalExpensesAmt
PY Revenues Less Expenses-$204,261PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$344,231CYRevenuesLessExpensesAmt
Total Assets BOY$12,277,749TotalAssetsBOYAmt
Total Assets EOY$14,354,456TotalAssetsEOYAmt
Total Liabilities BOY$9,532,428TotalLiabilitiesBOYAmt
Total Liabilities EOY$11,777,786TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,745,321NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,576,670NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE AN EXCEPTIONAL EDUCATIONAL PROGRAM COMMITTED TO PRODUCING A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE, AND DRIVE, WHILE ALSO ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,904,053ExpenseAmt
Revenue$12,678,655RevenueAmt
DescTHE CHARTER SCHOOL PROVIDES AN EDUCATION PROGRAM TO STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH FIFTH. THE SCHOOL HAS IMPLEMENTED A CURRICULUM WITH STRATEGIC OBJECTIVES DESIGNED TO MEET OR EXCEED THE STANDARDS SET BY OTHER COMPARABLE STUDENT POPULATIONS. A TOTAL OF 1,576 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2021.Desc
Total Program Service Expenses$12,904,053TotalProgramServiceExpensesAmt
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 Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee15EmployeeCnt
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 Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
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 Line1MARISOL VELABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3523942600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1320 EAST PEARL STREETAddressLine1Txt
CityMINNEOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP34715ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JANEL PLOUFFE
BOARD CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
GEORGE JOHNSON
VICE-CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
SHERILYN MOORE
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DAVID HOSMAN
TREASURER1.00Yes (X)Yes (X)$0$0$0
CPT MICHAEL BOND
BOARD MEMBER1.00Yes (X)$0$0$0
BARBARA SUSAN SALAZAR
BOARD MEMBER1.00Yes (X)$0$0$0
JOHN SCHMID
BOARD MEMBER1.00Yes (X)$0$0$0
SHERRY WATTS
PRINCIPAL50.00Yes (X)$104,406$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$104,406TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$512,167GovernmentGrantsAmt
Total Contributions$512,167TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PER PUPIL FEES900099$12,058,198$12,058,198
EXTENDED LEARNING CENTER900099$344,395$344,395
FieldValueIRS element (for citing)
Total Program Service Revenue$12,402,593TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,068TotalRevenueColumnAmt
Exclusion$5,068ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTERNAL ACCOUNTS RECEIPTS900099$226,279$226,279
MISCELLANEOUS REVENUE900099$49,783$49,783
FieldValueIRS element (for citing)
Other Revenue Total$276,062OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,195,890TotalRevenueColumnAmt
Related Or Exempt Func Income$12,678,655RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,068ExclusionAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$104,406TotalAmt
Program Services$101,278ProgramServicesAmt
Management And General$3,128ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$7,148,658TotalAmt
Program Services$6,940,082ProgramServicesAmt
Management And General$208,576ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,046,909TotalAmt
Program Services$1,896,816ProgramServicesAmt
Management And General$150,093ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,195,953TotalAmt
Program Services$1,168,569ProgramServicesAmt
Management And General$27,384ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$527,635TotalAmt
Program Services$513,057ProgramServicesAmt
Management And General$14,578ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$45,808TotalAmt
Program Services$22,904ProgramServicesAmt
Management And General$22,904ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$379,037TotalAmt
Program Services$336,883ProgramServicesAmt
Management And General$42,154ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$349,290TotalAmt
Program Services$324,813ProgramServicesAmt
Management And General$24,477ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$38,619TotalAmt
Program Services$32,019ProgramServicesAmt
Management And General$6,600ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$318,472TotalAmt
Program Services$285,169ProgramServicesAmt
Management And General$33,303ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$253,636TotalAmt
Program Services$246,436ProgramServicesAmt
Management And General$7,200ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$135,272TotalAmt
Program Services$105,412ProgramServicesAmt
Management And General$29,860ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
OTHER PURCHASED SERVICE$483,288$434,585$48,703
INTERNAL ACCOUNT EXPEND$248,966$248,966
SUPPLIES$80,015$73,209$6,806
REPAIRS & MAINTENANCE$78,807$71,773$7,034

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$105,350TotalAmt
Program Services$102,082ProgramServicesAmt
Management And General$3,268ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,540,121TotalAmt
Program Services$12,904,053ProgramServicesAmt
Management And General$636,068ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$126,232BOYAmt
EOY$301,903EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,754,321BOYAmt
EOY$4,000,019EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$376BOYAmt
EOY$3,963EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$29,281BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$7,989,952LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$755,207LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,195,698BOYAmt
EOY$7,234,745EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,171,841BOYAmt
EOY$2,813,826EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,277,749BOYAmt
EOY$14,354,456EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$67,629BOYAmt
EOY$271,212EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,464,799BOYAmt
EOY$11,506,574EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,532,428BOYAmt
EOY$11,777,786EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,638,277BOYAmt
EOY$2,284,752EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$107,044BOYAmt
EOY$291,918EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,745,321BOYAmt
EOY$2,576,670EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,277,749BOYAmt
EOY$14,354,456EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$344,231ReconcilationRevenueExpnssAmt
Prior Period Adjustments$175,578PriorPeriodAdjustmentsAmt
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

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,324,208OtherCostOrOtherBasisAmt
Book Value$1,324,208BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,887,886OtherCostOrOtherBasisAmt
Depreciation$402,891DepreciationAmt
Book Value$4,484,995BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$77,455OtherCostOrOtherBasisAmt
Depreciation$44,298DepreciationAmt
Book Value$33,157BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$184,194OtherCostOrOtherBasisAmt
Depreciation$22,381DepreciationAmt
Book Value$161,813BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,516,209OtherCostOrOtherBasisAmt
Depreciation$285,637DepreciationAmt
Book Value$1,230,572BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,234,745TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
FRS DEFERRED OUTFLOWS$2,239,015
HIS DEFERRED OUTFLOWS$508,921
OPEB DEFERRED OUTFLOWS$65,890
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,813,826TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
DUE TO DISTRICT$1,493,233
COMPENSATED ABSENCES$643,992
FRS PENSION LIABILITY$5,930,252
HIS PENSION LIABILITY$2,428,434
OPEB LIABILITY$529,425
FRS DEFERRED INFLOWS$157,850
OPEB DEFERRED OUTFLOWS$103,689
HIS DEFERRED INFLOWS$219,699
FieldValueIRS element (for citing)
Total Liability$11,506,574TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,285,564TotalRevEtcAuditedFinclStmtAmt
Other Revenue$89,674OtherRevenueAmt
Revenue Not Reported$89,674RevenueNotReportedAmt
Revenue Subtotal$13,195,890RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,195,890TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,629,795TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$89,674OtherExpensesIncludedAmt
Expenses Not Reported$89,674ExpensesNotReportedAmt
Expenses Subtotal$13,540,121ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,540,121TotalExpensesPerForm990Amt

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 ADMINISTRATIVE FEES 89,674.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PASSTHROUGH ADMINISTRATIVE FEES 89,674.

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. REVENUES ARE RECEIVED FROM THE EARLY LEARNING COALITION OF LAKE COUNTY THROUGH THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM, ADMINISTERED BY THE OFFICE OF EARLY LEARNING UNDER THE FLORIDA DEPARTMENT OF EDUCATION. A SEPARATE BASE STUDENT ALLOCATION PER FULL-TIME EQUIVALENT STUDENT IN THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM SHALL BE PROVIDED IN THE GENERAL APPROPRIATIONS ACT, TOTALING $115,648 FOR MINNEOLA CHARTER SCHOOL FOR THE 2020-2021 SCHOOL YEAR.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 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 12CTHE BOARD MEMBERS ARE REQUIRED TO COMPLETE A STATE OF FLORIDA FORM (FORM 8B MEMORANDUM OF VOTING CONFLICT) WHEN A CONFLICT OF INTEREST IS BROUGHT UP AT A BOARD MEETING.
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.
FORM 990, PART I, LINE 5THE RELATIONSHIP BETWEEN THE MINNEOLA ELEMENTARY 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 TO THE SCHOOL DISTRICT ON A DOLLAR FOR DOLLAR BASIS. REIMBURSEMENTS PAID TO THE LAKE COUNTY SCHOOL DISTRICT FOR PAYROLL AND RELATED BENEFITS TOTALED $11,023,561 FOR THE YEAR. THERE ARE APPROXIMATELY 160 EMPLOYEES OF THE LAKE COUNTY SCHOOL DISTRICT WORKING AT THE MINNEOLA ELEMENTARY SCHOOL. AS SUCH, THESE EMPLOYEES DID NOT RECEIVE FORM W-2. THE NUMBER OF EMPLOYEES DIRECTLY HIRED BY MINNEOLA ELEMENTARY SCHOOL, FOR STUDENT TRANSPORTATION SERVICES, WAS 10 DURING THE 2021 CALENDAR YEAR.
FORM 990, PART XI, LINE 8ADJUSTMENT 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 $175,578 PRIOR PERIOD ADJUSTMENT IS DUE TO THE IDENTIFICATION OF THESE FIDUCIARY ACTIVITIES UNDER THE NEW STANDARD.

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