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BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC (EIN 65-1088412)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-03
IRS object ID
201911239349301731
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-03T16:54:12-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204946415PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HLB GRAVIER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1396 ALHAMBRA CIRCLE SUITE 900AddressLine1Txt
CityCORAL GABLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP331345095ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651088412EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIGHT FUTURES ACADEMY CHARTER SCHOOLBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBRIGBusinessNameControlTxt
Phone5612537504PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110350 RIVERSIDE DRIVEAddressLine1Txt
CityPALM BEACH GARDENSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33410ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAWRENCE LARMER JR BOARD CHAIRPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone5612537504PhoneNum
Signature2019-05-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEONARDO D GRAVIERPreparerPersonNm
PTINP00368983PTIN
Phone3054463022PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address12.161.32.230IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-03IPDt
IP Tm17:53:59IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id1EF7FE3A1A25E5BD9A0D0D91A290A7CBF90A2C53AtSubmissionCreationDeviceId
At Submission Filing Device Id415DCFD98C2EA6A9687BA9409C207AA6F3BA7191AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLAWRENCE LARMER JRPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11275 GLENLIVET DRIVE 100AddressLine1Txt
CityALLENTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18106ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,246,441GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BRIGHTFUTURESACADEMY.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE BRIGHT FUTURES ACADEMY CHARTER SCHOOL IS A PUBLICLY FUNDED CHARTER SCHOOL, WHICH PREPARES STUDENTS TO LIVE IN A MULTICULTURAL SOCIETY AND ENCOURAGES TOLERANCE, PERSONAL INTEGRITY AND SOCIAL RESPONSIBILITY SO STUDENTS ARE READY FOR THE CHALLENGES OF AN EVER-SHRINKING WORLD.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee59TotalEmployeeCnt
Total Volunteers190TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,119,207PYContributionsGrantsAmt
CY Contributions Grants$2,129,932CYContributionsGrantsAmt
PY Program Service Revenue$95,827PYProgramServiceRevenueAmt
CY Program Service Revenue$56,575CYProgramServiceRevenueAmt
PY Investment Income$500PYInvestmentIncomeAmt
CY Investment Income$1,575CYInvestmentIncomeAmt
PY Other Revenue$100,980PYOtherRevenueAmt
CY Other Revenue-$25,356CYOtherRevenueAmt
PY Total Revenue$3,316,514PYTotalRevenueAmt
CY Total Revenue$2,162,726CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,098,440PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,294,432CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,314,462PYOtherExpensesAmt
CY Other Expenses$1,330,004CYOtherExpensesAmt
PY Total Expenses$3,412,902PYTotalExpensesAmt
CY Total Expenses$2,624,436CYTotalExpensesAmt
PY Revenues Less Expenses-$96,388PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$461,710CYRevenuesLessExpensesAmt
Total Assets BOY$604,694TotalAssetsBOYAmt
Total Assets EOY$513,584TotalAssetsEOYAmt
Total Liabilities BOY$329,900TotalLiabilitiesBOYAmt
Total Liabilities EOY$700,500TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$274,794NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$186,916NetAssetsOrFundBalancesEOYAmt
MissionOUR CHARTER SCHOOL PREPARES STUDENTS TO LIVE IN A DIVERSE, MULTICULTURAL SOCIETY AND ENCOURAGES TOLERANCE, PERSONAL INTEGRITY AND SOCIAL RESPONSIBILITY SO STUDENTS ARE READY FOR THE CHALLENGES OF AN EVER SHRINKING WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,008,589ExpenseAmt
Revenue$58,150RevenueAmt
DescTHE BRIGHT FUTURES ACADEMY OPENED ITS DOORS IN 2001 WITH 48 STUDENTS. DURING THE 2017-2018 SCHOOL YEAR, THE NUMBER OF STUDENTS ENROLLED AVERAGED 250. ALTHOUGH WE OPERATE ON A BUDGET THAT MAY BE AS MUCH AS 50% LESS THAN TRADITIONAL PUBLIC SCHOOLS, BRIGHT FUTURES CONTINUES TO MAINTAIN ACADEMIC EXCELLENCE,CONTINUES TO INCREASE ENROLLMENT, INCREASE STAFF, IMPROVE PROGRAMS, AND ADD NEW PROGRAMS ALL WHILE MAINTAINING A BALANCED BUDGET.Desc
Total Program Service Expenses$2,008,589TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee59EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANA MARTINEZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3056692906PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16340 SUNSET DRIVEAddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33143ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LAWRENCE LARMER
BOARD CHAIR2.00Yes (X)$0$0$0
FHELT BROWN
VICE-CHAIR2.00Yes (X)$0$0$0
IRMA VICUNA
DIRECTOR & PARENT LIASON2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ADP TOTAL SOURCE
10200 SUNSET DRMIAMIFL33173EMPLOYEE LEASING$1,675,878
LIGHTHOUSE BAPTIST CHURCH
757 LIGHTHOUSE DRNORTH PALM BEACHFL33408RENTAL FACILITIES$304,598
RIVERSIDE COMMERCIAL ENTERPRISES LLC
10276 RIVERSIDE DRPALM BEACHFL33410RENTAL FACILITIES$144,084
RIVERSIDE PARTNERS LLC
10276 RIVERSIDE DRPALM BEACH GARDENSFL33410RENTAL FACILITIES$114,400
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$2,100,132GovernmentGrantsAmt
All Other Contributions$29,800AllOtherContributionsAmt
Total Contributions$2,129,932TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFEES: COMMUNITY SERVICDesc
Business611710BusinessCd
Total Revenue Column$56,575TotalRevenueColumnAmt
Related Or Exempt Func Income$56,575RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$56,575TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,575TotalRevenueColumnAmt
Related Or Exempt Func Income$1,575RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$58,359FundraisingGrossIncomeAmt
Fundraising Direct Expenses$83,715FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$25,356TotalRevenueColumnAmt
Exclusion-$25,356ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,162,726TotalRevenueColumnAmt
Related Or Exempt Func Income$58,150RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$25,356ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,117,657TotalAmt
Program Services$842,398ProgramServicesAmt
Management And General$275,259ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$176,775TotalAmt
Program Services$138,182ProgramServicesAmt
Management And General$38,593ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$119,250TotalAmt
Program Services$79,500ProgramServicesAmt
Management And General$39,750ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,285TotalAmt
Program Services$572ProgramServicesAmt
Management And General$713ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,225TotalAmt
Management And General$12,225ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$183,364TotalAmt
Program Services$27,364ProgramServicesAmt
Management And General$156,000ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,581TotalAmt
Program Services$3,581ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$411,897TotalAmt
Program Services$411,777ProgramServicesAmt
Management And General$120ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,211TotalAmt
Program Services$3,211ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$434TotalAmt
Program Services$434ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$158,298TotalAmt
Program Services$158,298ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$41,552TotalAmt
Program Services$41,552ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
ADMINISTRATIVE OVERHEAD$86,844$86,844
REPAIR AND MAINTENANCE$69,006$69,006
AFTERCARE$57,443$57,443
SUPPLIES$37,932$4,304$33,628

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$143,682TotalAmt
Program Services$141,643ProgramServicesAmt
Management And General$2,039ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,624,436TotalAmt
Program Services$2,008,589ProgramServicesAmt
Management And General$615,847ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$78,691BOYAmt
EOY$109,464EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$55,446BOYAmt
EOY$28,946EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$121,664BOYAmt
EOY$24,559EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$877,910LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$530,589LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$348,893BOYAmt
EOY$347,321EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,294EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$604,694BOYAmt
EOY$513,584EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,000BOYAmt
EOY$156,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$311,900BOYAmt
EOY$544,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$329,900BOYAmt
EOY$700,500EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$96,436BOYAmt
EOY$0EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$178,358BOYAmt
EOY-$186,916EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$274,794BOYAmt
EOY-$186,916EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$604,694BOYAmt
EOY$513,584EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$461,710ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$442,261OtherCostOrOtherBasisAmt
Depreciation$341,779DepreciationAmt
Book Value$100,482BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$431,653OtherCostOrOtherBasisAmt
Depreciation$188,344DepreciationAmt
Book Value$243,309BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,996OtherCostOrOtherBasisAmt
Depreciation$466DepreciationAmt
Book Value$3,530BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$347,321TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
SALARIES AND WAGES PAYABLE$46,441
LONG TERM LEASE PAYABLE$8,059
DUE TO ACADEMICA MGMT LLC L/T DEBT$490,000
FieldValueIRS element (for citing)
Total Liability$544,500TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$2,188,082TotalRevEtcAuditedFinclStmtAmt
Other Revenue$25,356OtherRevenueAmt
Revenue Not Reported$25,356RevenueNotReportedAmt
Revenue Subtotal$2,162,726RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,162,726TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,649,792TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$25,356OtherExpensesIncludedAmt
Expenses Not Reported$25,356ExpensesNotReportedAmt
Expenses Subtotal$2,624,436ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,624,436TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:FOR TAX PURPOSES $25,356 OF NET DIRECT FUNDRAISING EXPENSES WERE REFLECTED AS A DECREASE IN REVENUE. HOWEVER, THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS REFLECT THIS AMOUNT AS AN EXPENSE.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FOR TAX PURPOSES $25,356 OF NET DIRECT FUNDRAISING EXPENSES WERE REFLECTED AS A DECREASE IN REVENUE. HOWEVER, THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS REFLECT THIS AMOUNT AS AN EXPENSE.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3A NON-DISCRIMINATORY STATEMENT IS INCLUDED IN REGISTRATION PACKETS, THE SCHOOL WEBSITE, EMPLOYEE HANDBOOKS, AND OTHER DISTRIBUTED MATERIALS. FURTHER, THE CHARTER SCHOOL CONTRACT WITH THE LOCAL SCHOOL DISTRICT INCLUDES A NON - DISCRIMINATORY STATEMENT.
SCHEDULE E, PART I, LINE 4THE SCHOOL DOES NOT OFFER SCHOLARSHIPS AND/OR FINANCIAL ASSISTANCE TO ANY STUDENT.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1MISCELLANEOUS FUNDRAISER ACTIVITIESEvent1Nm
Gross Receipts Event1$58,359GrossReceiptsEvent1Amt
Gross Revenue Event1$58,359GrossRevenueEvent1Amt
Other Direct Expenses Event1$83,715OtherDirectExpensesEvent1Amt
Gross Receipts Total$58,359GrossReceiptsTotalAmt
Gross Revenue Total Events$58,359GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$83,715OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$83,715DirectExpenseSummaryEventsAmt
Net Income Summary-$25,356NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3ACADEMICA DADE, LLC, A PROFESSIONAL CHARTER SCHOOL EDUCATIONAL SERVICE AND SUPPORT ORGANIZATION, PROVIDES PROFESSIONAL SERVICES AND RELATED SUPPORT TO PUBLIC CHARTER SCHOOLS INCLUDING, BUT NOT LIMITED TO, ACADEMIC SUPPORT, FACILITY DEVELOPMENT AND COMPLIANCE, STAFFING RECOMMENDATIONS, HUMAN RESOURCE AND PAYROLL COORDINATION, REGULATORY COMPLIANCE, LEGAL AND CORPORATE UPKEEP, BOOKKEEPING AND ACCOUNTING, BUDGETING, AND FINANCIAL REPORTING.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION REVIEWS THE CONTENTS OF THE FORM 990 BEFORE SUBMITTING TO INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION REQUIRES THAT ALL OFFICERS AND/OR DIRECTORS DISCLOSE ANY ACTIVITY THAT MAY BE A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15THE DETERMINATION OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES INVOLVES REVIEWING OFFICERS' CONTRACT, ORGANIZATION'S BUDGET, AND PAST PERFORMANCE.
FORM 990, PART VI, SECTION C, LINE 18THIS INFORMATION IS AVAILABLE ON GUIDESTAR.ORG WEBSITE.
FORM 990, PART VI, SECTION C, LINE 19THIS INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC VIA WWW.BRIGHTFUTURESACADEMY.COM
FORM 990, PART XII, LINE 2CTHE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONBRIGHT FUTURES ACADEMY CHARTER SCHOOL INC 10350 RIVERSIDE DRIVE PALM BEACH GARDENS, FL 33410 EMPLOYER IDENTIFICATION NUMBER: 65-1088412 FOR THE YEAR ENDING JUNE 30TH, 2018 BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
SECTION 1.263(A)-3(N) ELECTIONBRIGHT FUTURES ACADEMY CHARTER SCHOOL INC 10350 RIVERSIDE DRIVE PALM BEACH GARDENS, FL 33410 EMPLOYER IDENTIFICATION NUMBER: 65-1088412 FOR THE YEAR ENDING JUNE 30TH, 2018 BRIGHT FUTURES ACADEMY CHARTER SCHOOL INC IS ELECTING TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).

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