2022-04-11T15:51:48-05:00 2021-06-30 471601171 MCDONOUGH CPA SOLUTIONS PA 445 W MERRITT AVE MERRITT ISLAND FL 329534760 990 2020-07-01 593401752 OKALOOSA ACADEMY INC OKAL 8503146571 101-A BUSINESS CENTRE DRIVE MIRAMAR BEACH FL 32550 THOMAS FRED CARRENDER BOARD CHAIR 8503146571 2022-03-26 true THOMAS CARRENDER 999009999 HEATHER K MCDONOUGH CPA P00618987 3214536256 2022-03-26 X 2020 2022-09-23 18:48:47Z THOMAS FRED CARRENDER 101-A BUSINESS CENTRE DRIVE MIRAMAR BEACH FL 32550 3969642 false X WWW.OKALOOSAACADEMY.ORG X 1996 FL TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES 6-12 4 4 62 0 2947413 3964788 14988 4640 89 214 4325 0 2966815 3969642 0 0 1857197 1940293 0 0 1248015 1395994 3105212 3336287 -138397 633355 1899326 2314707 453843 235869 1445483 2078838 TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES 6-12 false false 2026556 4640 TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES 6-12 2026556 true true false false false false false false false false true false false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 true 62 true false false false false false false false false X 4 4 false true false false false false false true true false false true true true true true true true false false X X THE RADER GROUP 8506503984 101-A BUSINESS CENTRE DRIVE MIRAMAR BEACH FL 32550 X MICHAEL ALLSHOUSE BOARD MEMBER 1.00 X 0 0 0 THOMAS FRED CARRENDER BOARD CHAIR 1.00 X X 0 0 0 JOAN HENDERSON BOARD MEMBER 1.00 X 0 0 0 JIMMY JAMES BOARD MEMBER 1.00 X 0 0 0 ANGELO PEARSON BOARD MEMBER 1.00 X 0 0 0 false false false 100 3964688 3964788 UNIFORMS 2418 2418 STUDENT LUNCHES 2222 2222 4640 214 214 3969642 4640 214 207261 69086 138175 1396051 1214595 181456 125 125 216912 174629 42283 119944 90569 29375 375512 375512 9785 9785 280428 270245 10183 27457 10447 17010 144495 53031 91464 53571 53571 2476 2476 239897 6180 233717 68139 52346 15793 SUPPLIES 58605 22922 35683 REPAIRS & MAINTENANCE 44629 1351 43278 FOOD 34417 34417 VEHICLE EXPENSES 26005 26005 30578 733 29845 3336287 2026556 1309731 0 854972 1398469 16651 63145 1796 2680526 1827433 1025907 853093 1899326 2314707 7546 29011 446297 206858 453843 235869 X 222405 930164 1223078 1148674 1445483 2078838 1899326 2314707 633355 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7126 7126 2274460 1493683 780777 61121 34681 26440 251988 213238 38750 85831 85831 853093 PPP LOAN 206858 206858 X 2342186 2342186 1627456 1627456 3969642 1786796 1786796 1549491 1549491 3336287 SCHEDULE D, PAGE 3, PART X THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT EFFECTS FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ASSESSMENT OF THE TECHNICAL MERITS OF A TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, THE SCHOOL FILES FORM 990 IN THE US FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE THREE YEARS AFTER A RETURN WAS DUE OR FILED. SCHEDULE D, PAGE 4, PART XI, LINE 4B TITLE 1 227,804 CONTRACT SERVICE - DEPT OF JJ 1,399,652 SCHEDULE D, PAGE 4, PART XII, LINE 4B OKALOOSA ACADEMY EXPENSES 1,549,491 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 6 FUNDING IS PROVIDED BY OKALOOSA DISTRICT SCHOOL BOARD, THE US DEPARTMENT OF EDUCATION, AND THE FLORIDA DEPARTMENT OF EDUCATION. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD OF DIRECTORS HAS DELEGATED CERTAIN ADMINISTRATIVE FUNCTIONS OF MANAGEMENT TO THE RADER GROUP. THE BOARD OF DIRECTORS CONTINUES TO BE VESTED WITH ULTIMATE MANAGERIAL CONTROL ON ALL MATTERS INVOLVING THE SCHOOL. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING THE FINAL COPY WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ALL PURCHASES REQUIRE AUTHORIZATION FROM BOTH THE DIRECTOR AND THE CFO, WHICH INCLUDES A REVIEW OF ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.