2019-05-31T15:37:01-05:00 2018-06-30 560747981 DIXON HUGHES GOODMAN LLP 440 MONTICELLO AVE SUITE 1400 NORFOLK VA 23510 990 2017-07-01 540799130 BROADWATER ACADEMY BROA 7574429041 PO BOX 546 EXMORE VA 22350 JENNIFER SAUNDERS CFO 7574429041 2019-05-29 1 JOHN F MCDOWELL P00089842 7576245100 2019-05-29 4.79.23.65 2019-05-29 14:47:20 ED P 7EAB0B6D3EB1FE48FBFB97982600674D007FD4A2 C7EDC30C62DA8C774552A7ACB14FFB6E5970B022 2017 2019-02-21 02:37:17Z JENNIFER SAUNDERS PO BOX 546 EXMORE VA 22350 3585779 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 55 35 0 0 203468 298893 2859237 2572662 0 26344 0 267774 3062705 3165673 0 0 239669 0 2173747 2387805 0 0 104355 1169657 1019375 3583073 3407180 -520368 -241507 4874471 5490774 3924494 4454125 949977 1036649 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 2325115 2866780 EDUCATIONAL INSTRUCTION AND SERVICES PROVIDED TO APPROXIMATELY 283 STUDENTS. SERVICES INCLUDE BUS TRANSPORTATION, ATHLETICS AND OTHER EXTRACURRICULAR ACTIVITES. 205732 TUITION GRANTS AND FINANCIAL AND CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO, APPROXIMATELY 192 DIRECTLY EACH YEAR. 2530847 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 0 0 0 1 55 0 1 55 1 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 VICE CHAIR 1.00 1.00 X X 0 0 0 ROBERT C GUSTAFASON CHAIRMAN 5.00 1.00 X X 0 0 0 EDWARD A AMES IV DIRECTOR 5.00 1.00 X 0 0 0 PAUL CUSTIS DIRECTOR 5.00 0.00 X 0 0 0 DANNY VESTAL DIRECTOR 5.00 0.00 X 0 0 0 LEE T STEVENSON DIRECTOR 2.00 0.00 X 0 0 0 ROBERT N MARSH JR DIRECTOR 2.00 0.00 X 0 0 0 MARTHA SUTHERLAND DIRECTOR 2.00 0.00 X 0 0 0 PAMELA TURNER DIRECTOR 5.00 1.00 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 39037 THOMAS MARSHALL DIRECTOR OF DEVELOPMENT 40.00 5.00 X 54167 0 11531 219167 0 50568 0 0 0 0 0 298893 298893 NET TUITION AND FEES 611110 2572662 2572662 2572662 446450 420106 26344 26344 26344 OTHER STUDENT FEES 621110 252436 252436 BAD DEBTS 900099 15338 15338 267774 3165673 2866780 0 0 2003972 1421508 534340 48124 215745 181276 25727 8742 168088 124357 43145 586 7996 7996 36624 36624 19419 19419 18128 9106 3079 5943 40716 40716 23308 23308 215584 215584 22502 22502 221335 221335 33311 33311 OTHER PROGRAM COSTS 335179 335179 DEVELOPMENT COSTS 40960 40960 LICENSES AND TAXES 4313 4313 3407180 2530847 771978 104355 1197067 1112767 16551 435397 979210 1087127 77396 7402806 4683498 2403754 2719308 56833 58779 221056 0 4874471 5490774 400067 106144 2449137 2470860 261106 452000 814184 1425121 3924494 4454125 X 482216 767576 345002 146314 122759 122759 949977 1036649 4874471 5490774 -241507 -20637 348816 0 X X 0 1 X 1 0 X 56833 6318 6318 56833 53993 5533 2693 56833 394256 -14209 323240 2814 53993 401677 11815 16530 2706 394256 363212 57045 15940 2640 401677 1.00000 0.00000 0.00000 0 0 153098 153098 6102938 3691380 2411558 1045582 890930 154652 101188 101188 0 2719308 LINE OF CREDIT 382441 ACCRUED SALARIES 278595 OTHER CURRENT LIABILITES 6500 CAPITAL LEASE 49786 DUE TO 707799 1425121 3129697 -20638 -15338 -35976 3165673 0 3165673 3391842 -15338 -15338 3407180 0 3407180 PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -15,338. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -15,338. 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 BROADWATER ACADEMY FOUNDATION PO BOX 546 EXMORE VA 23350 455245398 TO RAISE, MANAGE, AND DISTRIBUTE MONEY VA 501(C)(3) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BROADWATER ACADEMY FOUNDATION C 57729 CASH