2021-05-14T09:13:20-05:00 2020-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2019-07-01 061667879 LAKE WALES CHARTER SCHOOLS INC LAKE 8636796560 130 E CENTRAL AVENUE LAKE WALES FL 33853 ALRICKY SMITH TREASURER/CFO 8636796560 2021-05-14 1 GEORGE K MCNEMAR P01407673 4079989000 2019 2022-09-23 18:48:47Z ALRICKY SMITH 130 E CENTRAL AVE LAKE WALES FL 33853 41081577 0 X N/A X 2002 FL PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS. 7 7 679 175 0 0 6456220 6008116 33951588 34827312 8791 22879 474124 223270 40890723 41081577 0 0 0 0 28139416 31089055 0 0 0 11920912 11599264 40060328 42688319 830395 -1606742 28723766 29221588 25365459 27470023 3358307 1751565 TO BRING THE BEST OF PUBLIC EDUCATION TO OUR COMMUNITY BY PROVIDING INNOVATION AND CHOICE WITHIN A CONTINUOUS PRE-SCHOOL THROUGH POST SECONDARY CURRICULUM SO THAT EACH CHILD RECOGNIZES THE BENEFITS OF LIFE-LONG LEARNING, CONSTRUCTIVE CITIZENSHIP AND PERSONAL HAPPINESS. 0 0 36414114 35050582 THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN AVERAGE OF 4,941 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2020. 36414114 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 94 0 1 679 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 0 1 1 1 0 X X ALRICKY SMITH 8636796560 130 E CENTRAL AVE LAKE WALES FL 33853 DANNY GILL TRUSTEE 2.00 X 0 0 0 ALRICKY SMITH TREASURER / CURRENT CFO 40.00 X X 101509 0 27441 MARY CHERRINGTON-GRAY SECRETARY/ EXECUTIVE ASSIS 40.00 X X 57346 0 19254 PAUL GERRARD TRUSTEE 2.00 X X 0 0 0 DAVID FISHER TRUSTEE 2.00 X 0 0 0 BECKY GASTON TRUSTEE 2.00 X 0 0 0 GREG HALL TRUSTEE 2.00 X 0 0 0 ANDY OGUNTOLA TRUSTEE 2.00 X 0 0 0 HOWARD KAY TRUSTEE 2.00 X 0 0 0 JENNIFER SIMPSON TRUSTEE 2.00 X X 50210 0 18058 JESSE JACKSON SUPERINTENDENT OF SCHOOLS 40.00 X 155752 0 36145 DAMIEN MOSES PRINCIPAL 40.00 X 113635 0 29819 CHRIS REAMS ASSISTANT PRINCIPAL 40.00 X 111441 0 29394 ANUJ SARAN ASSISTANT PRINCIPAL 40.00 X 121187 0 30382 GAIL A QUAM PRINCIPAL 40.00 X 105461 0 34532 ELIZABETH H TYLER PRINCIPAL 40.00 X 101341 0 27437 917882 0 252462 7 0 1 0 RODDA CONSTRUCTION INC 250 E HIGHLAND DRIVE LAKELAND FL 33813 CONSTRUCTION 1746678 SUNTRUST BANKCARD NA PO BOX 791250 BALTIMORE MD 212791250 BANKING 925291 CLEANING MANAGEMENT SOLUTIONS 5811 SAWYER ROAD LAKELAND FL 33810 CLEANING SERVICES 602554 DUKE ENERGY PO BOX 1004 CHARLOTTE NC 282011004 UTILITIES 420131 ASSUREDPARTNERS OF FLORIDA 300 COLONIAL CENTER PKWY SUITE 270 LAKE MARY FL 32746 INSURANCE 264546 5 295227 5706119 6770 6008116 PER PUPIL FEES 900099 33759286 33759286 STUDENT ACTIVITIES 900099 517458 517458 PRE-K FEES 900099 430285 430285 TRANSPORTATION 900099 120283 120283 34827312 22879 22879 MISCELLANEOUS REVENUE 900099 223270 223270 223270 41081577 35050582 0 22879 1271614 635807 635807 20633037 17538081 3094956 3718139 3160418 557721 3879362 3297458 581904 1586903 1348868 238035 68339 58088 10251 96500 82025 14475 1218056 1035348 182708 914438 777272 137166 1593113 1354146 238967 308334 262084 46250 94581 80394 14187 1078404 1072587 5817 624773 531057 93716 EQUIPMENT RENTAL & MAIN 2371838 2371838 CATERING EXPENSES 1997459 1697840 299619 DUES & FEES 300069 255059 45010 MEDIA EXPENSE 211795 180026 31769 721565 675718 45847 42688319 36414114 6274205 0 9364593 8699620 2010686 2012701 1205203 1099659 260357 36435 18306594 7990822 8953164 10315772 6929763 7057401 28723766 29221588 2533029 2131534 12234 25175 3323464 3546532 19496732 21766782 25365459 27470023 X -2175326 -2720615 5533633 4472180 3358307 1751565 28723766 29221588 -1606742 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 769882 769882 9580704 1561660 8019044 1735203 839032 896171 5093609 4724490 369119 1127196 865640 261556 10315772 FRS DEFERRED OUTFLOWS 5548633 HIS DEFERRED OUTFLOWS 1508768 7057401 COMPENSATED ABSENCE PAYABLE 1208655 FRS DEFERRED INFLOWS 1134435 HIS DEFERRED INFLOWS 792429 FRS PENSION LIABILITY 12409258 HIS PENSION LIABILITY 6222005 21766782 X 41240259 158682 158682 41081577 0 41081577 42847001 158682 158682 42688319 0 42688319 PART X, LINE 2: THE COMPANY 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 COMPANY 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 COMPANY 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 COMPANY 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 COMPANY'S FINANCIAL STATEMENTS, AS THE COMPANY 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 FEE 156,880. LOSS ON ASSET DISPOSAL 1,802. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 156,880. LOSS ON ASSET DISPOSAL 1,802. 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 PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPERS, GROUP PRESENTATIONS, AND DIRECT MAILINGS. SCHEDULE E, PART I, LINE 6 REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM AND CAPITAL OUTLAY PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. THE ORGANIZATION RECEIVES FEDERAL AWARDS FOR THE ENHANCEMENT OF VARIOUS EDUCATIONAL PROGRAMS. THIS ASSISTANCE IS GENERALLY RECEIVED BASED ON APPLICATIONS SUBMITTED TO AND APPROVED BY VARIOUS GRANTING AGENCIES. FOR FEDERAL AWARDS IN WHICH A CLAIM TO THESE GRANT PROCEEDS IS BASED ON INCURRING ELIGIBLE EXPENDITURES, REVENUE IS RECOGNIZED TO THE EXTENT THAT ELIGIBLE EXPENDITURES HAVE BEEN INCURRED. 0 0 0 0 0 0 0 0 0 JESSE JACKSON SUPERINTENDENT OF SCHOOLS 155752 0 0 0 0 0 0 0 36145 0 191897 0 0 0 ANUJ SARAN ASSISTANT PRINCIPAL 121187 0 0 0 0 0 0 0 30382 0 151569 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS SHARED WITH THE AUDIT/FINANCE COMMITTEE, WHICH IS ALSO PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE FORM 990 IS REVIEWED BY THE CFO OF THE ORGANIZATION PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AT THE MONTHLY CHARTER BOARD MEETINGS, EACH MEMBER IS REQUIRED TO MAKE KNOWN ANY CONFLICT OF INTEREST. ANY MEMBER WITH A KNOWN CONFLICT OF INTEREST IS REQUIRED TO REFRAIN FROM VOTING ON ANY OF THE ORGANIZATION'S MATTERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND EMPLOYMENT CONTRACTS ARE NEGOTIATED WITH THE BOARD OF TRUSTEES. AS GUIDANCE, THE ORGANIZATION HAS USED COMPARABLE DATA FROM ITS CHARTER SPONSOR AND OTHER STATE RESOURCES IN DETERMINING COMPENSATION FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE AS WELL AS THE WEBSITE FOR THE NATIONAL CENTER FOR CHARITABLE STATISTICS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE ORGANIZATIONS WEBSITE AND AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND CONTAINED IN THE EMPLOYEE HANDBOOK AND BOARD APPROVED RESOLUTION. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE BOARD MINUTES ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 1 THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. FORM 990, PART XII, LINE 3B THE ORGANIZATION UNDERWENT AN AUDIT SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133. LAKE WALES CHARTER SCHOOL FOUNDATION INC 130 E CENTRAL AVE LAKE WALES FL 33853 113735254 SUPPORTING THE LAKE WALES CHARTER SCHOOLS, INC. FL 501(C)(3) 509(A)(3) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE WALES CHARTER SCHOOLS FOUNDATION INC C CASH