2019-02-26T09:51:26-06:00 2018-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2017-07-01 450468799 MINNEOLA ELEMENTARY SCHOOL INC MINN 3523942600 320 EAST PEARL STREET MINNEOLA FL 34715 JANEL PLOUFFE BOARD CHAIRMAN 3523942600 2019-02-26 1 BRADFORD S BEEMER P00168995 4079989000 67.78.168.170 2019-02-26 10:51:17 ES P 86824DE3473999D2A1A4B710D64C8CDEB8B4EC3E CCB4BDEF391BE037052691E8873CC5EB4B81D39F 2017 2019-02-21 02:37:17Z JANEL PLOUFFE 320 EAST PEARL STREET MINNEOLA FL 34715 8052714 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. 5 5 5 48 0 0 171756 178539 7645221 7732030 55248 59740 5116 82405 7877341 8052714 0 0 0 0 6398462 6586937 0 0 0 1292442 1201709 7690904 7788646 186437 264068 10034488 10634693 7441701 7892995 2592787 2741698 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 7433740 7814435 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 1,093 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2018. 7433740 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 4 0 1 5 1 0 0 0 0 0 0 0 0 X 5 5 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 0.50 X X 0 0 0 GEORGE JOHNSON VICE-CHAIRMAN 0.50 X X 0 0 0 NINA WILLIS-FRYE SECRETARY 0.50 X X 0 0 0 DAVID HOSMAN TREASURER 0.50 X X 0 0 0 JAMES GLOVER BOARD MEMBER 0.50 X 0 0 0 SHERRY WATTS PRINCIPAL 50.00 X 94526 0 21598 94526 0 21598 0 0 0 0 0 178539 178539 PER PUPIL FEES 900099 7406467 7406467 EXTENDED LEARNING CENT 900099 325563 325563 7732030 59740 59740 MISCELLANEOUS REVENUE 900099 82405 82405 82405 8052714 7814435 0 59740 94526 91694 2832 4856591 4711096 145495 471529 457254 14275 809872 782537 27335 354419 343523 10896 63430 31715 31715 316962 266301 50661 223631 210514 13117 93158 90133 3025 208340 185440 22900 9266 7100 2166 56257 55876 381 95080 76308 18772 REPAIRS & MAINTENANCE 46531 42453 4078 PUPIL TRANSPORTATION SE 34164 34164 0 DUES AND FEES 28422 23571 4851 SUPPLIES 17737 17377 360 8731 6684 2047 7788646 7433740 354906 0 67022 187556 7202229 5987358 9124 6368 512 0 2633929 235992 280969 2397937 2474632 2055474 10034488 10634693 80408 412244 7361293 7480751 7441701 7892995 X 0 0 0 0 2592787 2741698 2592787 2741698 10034488 10634693 X 264068 -115157 0 X 0 1 X 1 0 X 1324208 1324208 198560 17374 181186 2359 2359 0 1108802 216259 892543 2397937 FRS DEFERRED OUTFLOWS 1672672 HIS DEFERRED OUTFLOWS 358319 OPEB DEFERRED OUTFLOWS 24483 2055474 DUE TO DISTRICT 1364166 COMPENSATED ABSENCES 426214 FRS PENSION LIABILITY 3152113 HIS PENSION LIABILITY 1627153 OPEB LIABILITY 444390 FRS DEFERRED INFLOWS 145742 DUE TO OTHERS - AGENCY FUNDS 151561 OPEB DEFERRED OUTFLOWS 24947 HIS DEFERRED INFLOWS 144465 7480751 X 8138421 85707 85707 8052714 0 8052714 7874352 85707 85707 7788645 0 7788645 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 85,707. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMINISTRATIVE FEES 85,707. 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 $325,563 FOR MINNEOLA ELEMENTARY SCHOOL FOR THE 2017-2018 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 XI, LINE 8 DURING 2018, THE SCHOOL ADOPTED GASB STATEMENT NO. 75, ACCOUNTING AND FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS ("OPEB"), WHICH REPLACES GASB 45. GASB STATEMENT NO. 75 REQUIRES GOVERNMENTS TO REPORT A LIABILITY ON THE FACE OF THEIR FINANCIAL STATEMENTS FOR THE OPEBS PROVIDED. IN ADDITION, IT REQUIRES GOVERNMENTS IN ALL TYPES OF OPEB PLANS TO PROVIDE A MORE EXTENSIVE NOTE DISCLOSURES AND RSI ABOUT OPEB LIABILITIES. THE EFFECT OF THIS CHANGE WAS TO DECREASE BEGINNING NET POSITION BY $115,157. 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 $6,586,937 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 5 DURING THE 2017 CALENDAR YEAR.