2020-07-15T15:21:36-05:00 2019-06-30 560747981 DIXON HUGHES GOODMAN LLP 440 MONTICELLO AVE SUITE 1400 NORFOLK VA 23510 990 2018-07-01 540799130 BROADWATER ACADEMY BROA 7574429041 PO BOX 546 EXMORE VA 22350 JENNIFER SAUNDERS CFO 7574429041 2020-07-15 1 LAKRISHA J WATSON P01677333 7576245100 2020-07-15 141.152.52.24 2020-07-15 12:07:05 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F5546B5B7CD38A446598DAD023256886AFA7EE0D 2018 2021-01-29 14:40:06Z JENNIFER SAUNDERS PO BOX 546 EXMORE VA 22350 3414005 0 X WWW.BROADWATERACADEMY.ORG X 1965 VA BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. 9 9 87 200 0 0 298893 381905 2572662 2940527 26344 6014 267774 0 3165673 3328446 0 0 0 0 2387805 2278145 0 0 141651 1019375 1222548 3407180 3500693 -241507 -172247 5490774 5065272 4454125 4169682 1036649 895590 X BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. 0 0 2487426 2942322 EDUCATIONAL INSTRUCTION AND SERVICES PROVIDED TO APPROXIMATELY 289 STUDENTS. SERVICES INCLUDE BUS TRANSPORTATION, ATHLETICS AND OTHER EXTRACURRICULAR ACTIVITES. 216298 TUITION GRANTS AND FINANCIAL AID CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO, APPROXIMATELY 249 DIRECTLY EACH YEAR. 2703724 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 1 1 0 0 1 3 0 1 87 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 VA X THE ORGANIZATION 7574429041 PO BOX 546 EXMORE VA 22350 THOMAS R ANDERSON CHAIRMAN 1.00 1.00 X X 0 0 0 DANIEL A BROWN VICE CHAIR 5.00 1.00 X X 0 0 0 PAMELA VON EIFF-TURNER TREASURER 5.00 1.00 X X 0 0 0 MARTHA S SUTHERLAND SECRETARY 2.00 X X 0 0 0 ANNETTE BRICKHOUSE DIRECTOR 5.00 X 0 0 0 PAUL R CUSTIS DIRECTOR 5.00 X 0 0 0 ANNE A GALLIVAN DIRECTOR 5.00 X 0 0 0 ROBERT C GUSTAFSON DIRECTOR 5.00 X 0 0 0 DANNY VESTAL DIRECTOR 5.00 X 0 0 0 JOSEPH SPAGNOLO HEAD OF SCHOOL 50.00 1.00 X 100000 0 0 JENNIFER SAUNDERS CFO 50.00 5.00 X 65000 0 7563 165000 0 7563 0 0 0 0 0 60210 321695 381905 NET TUITION AND FEES 611110 2555549 2555549 OTHER STUDENT FEES 611110 384978 384978 2940527 4219 4219 87354 85559 1795 1795 1795 3328446 2942322 0 4219 147883 100000 47883 1839132 1531126 266170 41836 141076 122253 15841 2982 150054 118812 26779 4463 10057 10057 54099 54099 93958 93958 38180 38180 40121 30267 8424 1430 45510 36603 8127 780 198548 198548 39523 39523 236195 183822 47786 4587 38014 38014 OTHER PROGRAM COSTS 257993 257993 DEVELOPMENT COSTS 140714 140714 BAD DEBT 24227 -61346 85573 LICENSES AND TAXES 5409 5409 3500693 2703724 655318 141651 1112767 918048 435397 218252 1087127 1233354 77396 31421 7307405 4806618 2719308 2500787 5081 58779 59329 0 99000 5490774 5065272 434525 348775 2470860 2255854 834441 922834 714299 642219 4454125 4169682 X 767576 508249 146314 253233 122759 134108 1036649 895590 5490774 5065272 X -172247 31188 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153098 153098 5669950 3663749 2006201 1442764 1104198 338566 41593 38671 2922 2500787 DUE TO BROADWATER ACADEMY FOUNDATION 642219 642219 X 3359634 31188 31188 3328446 0 3328446 3500693 0 3500693 0 3500693 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE COMMONWEALTH OF VIRGINIA AND THEREFORE HAS MADE NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 31,188. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADS IN THE LOCAL NEWSPAPER, BROCHURES AND OTHER LITERATURE COMMUNICATE THAT BROADWATER ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE WISHING TO ATTEND THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B FINANCE COMMITEE MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE TAX RETURN BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR OR PRINCIPAL OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON 1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY 2) HAS READ AND UNDERSTANDS THE POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY 4) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE IF ITS TAX-EXEMPT PURPOSES. THE POLICY INCLUDES PROCEDURES THAT INVOLVE 1) A DUTY TO DISCLOSE 2) DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND 4) ADDITIONAL STEPS IF VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY EXIST FORM 990, PART VI, SECTION B, LINE 15A IT IS THE DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO, AND EMPLOYEES OF THE SCHOOL FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS DISCLOSURE EXPLAIN GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLAIN GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 31,188. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BROADWATER ACADEMY FOUNDATION PO BOX 546 EXMORE VA 23350 455245398 TO RAISE, MANAGE, & DISTRIBUTE FUNDS FOR BROADWATER ACADEMY STUDENTS VA 501(C)(3) LINE 12A, I BROADWATER ACADEMY 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BROADWATER ACADEMY FOUNDATION C 60210 CASH