2022-02-10T08:04:00-06:00 2021-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2020-07-01 450468799 MINNEOLA ELEMENTARY SCHOOL INC MINN 3523942600 320 EAST PEARL STREET MINNEOLA FL 34715 JANEL PLOUFFE BOARD CHAIRMAN 3523942600 2022-02-10 1 JANEL PLOUFFE 999009999 GEORGE K MCNEMAR P01775038 4079989000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JANEL PLOUFFE 320 EAST PEARL STREET MINNEOLA FL 34715 13195890 0 X HTTP://LAKE.K12.FL.US/MOE X 2002 FL PROVIDE A NURTURING, SUPPORTIVE, AND LEARNING ENVIRONMENT SO STUDENTS CAN REACH THEIR FULL POTENTIAL. 7 7 15 0 0 0 162127 512167 11076737 12402593 32297 5068 95457 276062 11366618 13195890 0 0 0 0 9485494 11023561 0 0 0 2085385 2516560 11570879 13540121 -204261 -344231 12277749 14354456 9532428 11777786 2745321 2576670 TO 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. 0 0 12904053 12678655 THE 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. 12904053 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 15 0 1 15 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 MARISOL VELA 3523942600 320 EAST PEARL STREET MINNEOLA FL 34715 JANEL PLOUFFE BOARD CHAIRMAN 1.00 X X 0 0 0 GEORGE JOHNSON VICE-CHAIRMAN 1.00 X X 0 0 0 SHERILYN MOORE SECRETARY 1.00 X X 0 0 0 DAVID HOSMAN TREASURER 1.00 X X 0 0 0 CPT MICHAEL BOND BOARD MEMBER 1.00 X 0 0 0 BARBARA SUSAN SALAZAR BOARD MEMBER 1.00 X 0 0 0 JOHN SCHMID BOARD MEMBER 1.00 X 0 0 0 SHERRY WATTS PRINCIPAL 50.00 X 104406 0 0 104406 0 0 1 0 0 0 0 512167 512167 PER PUPIL FEES 900099 12058198 12058198 EXTENDED LEARNING CENTER 900099 344395 344395 12402593 5068 5068 INTERNAL ACCOUNTS RECEIPTS 900099 226279 226279 MISCELLANEOUS REVENUE 900099 49783 49783 276062 13195890 12678655 0 5068 104406 101278 3128 7148658 6940082 208576 2046909 1896816 150093 1195953 1168569 27384 527635 513057 14578 45808 22904 22904 379037 336883 42154 349290 324813 24477 38619 32019 6600 318472 285169 33303 253636 246436 7200 135272 105412 29860 OTHER PURCHASED SERVICE 483288 434585 48703 INTERNAL ACCOUNT EXPEND 248966 248966 SUPPLIES 80015 73209 6806 REPAIRS & MAINTENANCE 78807 71773 7034 105350 102082 3268 13540121 12904053 636068 0 126232 301903 3754321 4000019 376 3963 29281 0 7989952 755207 6195698 7234745 2171841 2813826 12277749 14354456 67629 271212 9464799 11506574 9532428 11777786 X 2638277 2284752 107044 291918 2745321 2576670 12277749 14354456 X -344231 175578 0 X 0 1 X 1 0 X 1324208 1324208 4887886 402891 4484995 77455 44298 33157 184194 22381 161813 1516209 285637 1230572 7234745 FRS DEFERRED OUTFLOWS 2239015 HIS DEFERRED OUTFLOWS 508921 OPEB DEFERRED OUTFLOWS 65890 2813826 DUE TO DISTRICT 1493233 COMPENSATED ABSENCES 643992 FRS PENSION LIABILITY 5930252 HIS PENSION LIABILITY 2428434 OPEB LIABILITY 529425 FRS DEFERRED INFLOWS 157850 OPEB DEFERRED OUTFLOWS 103689 HIS DEFERRED INFLOWS 219699 11506574 X 13285564 89674 89674 13195890 0 13195890 13629795 89674 89674 13540121 0 13540121 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. 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. 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. 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 THE 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 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 I, LINE 5 THE 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 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 $175,578 PRIOR PERIOD ADJUSTMENT IS DUE TO THE IDENTIFICATION OF THESE FIDUCIARY ACTIVITIES UNDER THE NEW STANDARD.