2018-05-15T15:49:36-04:00 2017-06-30 822180420 MCCRADY & ASSOCIATES PLLC PO BOX 160655 ALTAMONTE SPRINGS FL 32716 990 2016-07-01 593725544 DISCOVERY ACADEMY OF LAKE ALFRED DISC 8632955955 1000 N BUENA VISTA DRIVE LAKE ALFRED FL 33850 CAROL FULKS PRESIDENT/EXEC DIR 8632955955 2018-05-15 true STACY MCCRADY P00168993 4079604429 2018-05-15 4DE7DB7AAAB12F861B4FEB44A1778A8A226A8EE1 3C12FFF49BAE315A44405BB9B88FD632B4D908FB 2016 2021-01-29 14:40:06Z CAROL FULKS 1000 N BUENA VISTA DRIVE LAKE ALFRED FL 33850 7718700 false X WWW.DISCOVERYACADEMY.ORG X 2001 FL WE ARE DEDICATED TO ACTIVELY ENGAGING ALL INDVIDUALS IN A QUALITY LEARNING EXPERIENCE THAT WILL ENABLE THEM TO VALUE THEMSELVES AND BECOME RESPONSIBLE, PRODUCTIVE CITIZENS IN A CHANGING WORLD. 6 6 128 200 0 835972 843518 6562858 6068522 196357 390236 610303 7789066 7718700 0 0 5362246 5251602 0 0 2286316 3254264 7648562 8505866 140504 -787166 9595838 15078419 7099772 13369519 2496066 1708900 WE ARE DEDICATED TO ACTIVELY ENGAGING ALL INDVIDUALS IN A QUALITY LEARNING EXPERIENCE THAT WILL ENABLE THEM TO VALUE THEMSELVES AND BECOME RESPONSIBLE, PRODUCTIVE CITIZENS IN A CHANGING WORLD. false false 7268151 6068522 THE SCHOOL PROVIDES AN INNOVATIVE BASED LEARNING FOR STUDENTS IN GRADES SIXTH THROUGH EIGHTH. THE MISSION OF THE SCHOOL INCLUDES PREPARING STUDENTS TO BE LIFETIME LEARNERS WHOSE ACADEMIC ACHIEVEMENT IS ENHANCED BY SUPERIOR COMMUNICATION SKILLS, CHARACTER TRAINING, AND APPRECIATION FOR DIVERSITY. 7268151 true false false false false false false false false false true false true true true true true false true false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 7 0 128 true false false false false false false X 6 6 false false false false false false false true true false false true true true true false true true true false X X CAROL FULKS 8632955955 1000 N BUENA VISTA DRIVE LAKE ALFRED FL 33850 CHARLOTTE BUTLER CHAIRPERSON 0.50 X 0 0 0 MIKE JONES BOARD MEMBER 0.50 X 0 0 0 CATHERINE WALKER BOARD MEMBER 0.50 X 0 0 0 CAROL FULKS PRESIDENT/EX 45.00 X 135993 0 28161 JILL DUNBAR SECRETARY 25.00 X 0 0 0 LINDA WILLIAMS BOARD MEMBER 0.50 X 0 0 0 135993 28161 1 false true false 843518 843518 PROGRAM SERVICE REVENUE 6068522 6068522 6068522 196357 196357 INTERNAL ACCOUNTS 198703 198703 FOOD SERVICE REVENUE 148536 148536 MISCELLANEOUS 134430 134430 128634 128634 610303 7718700 6875182 3968081 3348664 619417 367430 327236 40194 629084 563184 65900 287007 243223 43784 77111 77111 176192 143102 33090 84704 84042 662 169586 135669 33917 447457 234212 213245 131163 90058 41105 CONTRACTED SERVICES 1196739 1150455 46284 MISCELLANEOUS EXPENSES 562891 546582 16309 SUPPLIES 237298 193184 44114 FUEL 110148 110148 60975 21281 39694 8505866 7268151 1237715 0 1222917 369671 48342 72903 19909 45730 12226484 1552522 5808186 10673962 1513192 1678524 983292 2237629 9595838 15078419 789996 782335 2730944 8461643 3578832 4125541 7099772 13369519 X 930219 1565847 1708900 2496066 1708900 9595838 15078419 -787166 X false true X true true true X 1047361 1047361 7346167 7346167 716604 353196 363408 3116352 1199326 1917026 10673962 MUTUAL FUNDS AND TREASURY BONDS 1678524 F 1678524 DEFERRED OUTFLOW 1644444 DUE FROM DHS 593185 2237629 NET PENSION LIABILTY-FRS 1822059 NET PENSION LIABILTY-HIS 1484939 DEFERRED INFLOWS 547292 DUE TO DHS 271251 4125541 X 7718700 7718700 7718700 8505866 8505866 8505866 SCHEDULE D, PAGE 3, PART X THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS THEREFORE, EXEMPT FROM INCOME TAXES. ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONS HAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTES TO THE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS FOR THE PAST TAX YEARS ENDED 2013, 2014 AND 2015 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPER, GROUP PRESENTATIONS AND DIRECT MAILINGS. SCHEDULE E, 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. THIS AMOUNT IS INCLUDED IN PROGRAM SERVICE REVENUE. OTHER REVENUES FROM GOVERNMENT AGENCIES INCLUDE THE US DEPARTMENT OF EDUCATION. GRANTS RECEIVED INCLUDE NATIONAL BREAKFAST AND LUNCH PROGRAMS, TITLE I FUNDS AND IDEA FUNDS. false false false false false false false false false CAROL FULKS PRESIDENT/EXEC DIR 135993 28161 164154 FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS PROVIDE FUNDRAISING AND CLERICAL ASSISTANCE. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD WAS PROVIDED A COPY OF FORM 990 FOR THEIR DETAIL REVIEW PRIOR TO FILING. THE BOARD, EXECUTIVE DIRECTOR, AND CPA ALL REVIEW THE RETURN AND DISCUSS ANY CHANGES PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST AS THEY BECOME APPARENT. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR OF THE SCHOOL AT THE AUGUST BOARD MEETING ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD APPROVES ALL PERCENTAGE RAISES FOR THE EMPLOYEES WHO ARE ALSO OFFICERS OF THE ORGANIZATION AND ANY OTHER ADMINISTRATIVE STAFF. FORM 990, PAGE 6, PART VI, LINE 18 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. POLK COUNTY SCHOOL BOARD 1915 SOUTH FLORAL AVENUE BARTOW FL 33830 SCHOOL BOA FL GOVT N/A false DISCOVERY HIGH SCHOOL 1000 N BUENA VISTA DRIVE LAKE ALFRED FL 33850 472806004 SCHOOL FL 501C3 2 N/A false false true false true true false false false false true false true false false true false false false false DISCOVERY HIGH SCHOOL J 1 CASH DISCOVERY HIGH SCHOOL B 378000 CASH DISCOVERY HIGH SCHOOL D 7866000 SEE EXPLANATION BELOW DISCOVERY HIGH SCHOOL E 271000 SEE EXPLANATION BELOW DISCOVERY HIGH SCHOOL L 91000 DISCOVERY HIGH SCHOOL O 1048636 SCHEDULE R THE TITLE OF THE SCHOOL BUILDING AND FACILITIES AND OTHER CAPITAL ASSETS ACQUIRED PRIOR TO JULY 1, 2001 REMAIN WITH THE SCHOOL BOARD. FLORIDA STATUTES PROVIDE THAT THE USE OF THE SCHOOL BUILDING AND FACILITIES BE FURNISHED TO CHARTER SCHOOLS ON THE SAME BASIS AS MADE AVAILABLE TO OTHER PUBLIC SCHOOLS IN THE DISTRICT. NO RENTAL OR LEASING FEE MAY BE CHARGED BY THE DISTRICT SCHOOL BOARD TO THE CHARTER SCHOOL OR TO THE PARENTS AND TEACHERS WHO ORGANIZE THE CHARTER SCHOOL. THE SCHOOL PURCHASED LAND WITH THE INTENTION OF LEASING THE LAND TO DISCOVERY HIGH SCHOOL. THE AGREEMENT INDICATES THAT THE AMOUNT WILL BE DETERMINED ANNUALLY. UNDER THE CURRENT AGREEMENT, RENT EXPENSE CHARGED TO DISCOVERY HIGH SCHOOL WAS 1. DISCOVERY ACADEMY PAID APPROXIMATELY 208,000 OF CLOSING COSTS AND 170,000 OF INTEREST RELATING TO THE NOTES PAYABLE ON BEHALF OF DISCOVERY HIGH SCHOOL, WHICH WAS FORGIVEN IN THE CURRENT YEAR. THE SCHOOL SIGNED THE NOTES PAYABLE RELATING TO THE AFOREMENTIONED LAND AND BUILDING TOTALING APPROXIMATELY 7,866,000 AND DISCOVERY HIGH SCHOOL CO-SIGNED ON THE LOANS. THERE IS APPROXIMATELY 271,000 PAYABLE TO DISCOVERY HIGH SCHOOL FOR OPERATING COSTS IN THE CURRENT YEAR. DISCOVERY ACADEMY PROVIDED FOOD AND TRANSPORTATION SERVICES FOR DISCOVERY HIGH SCHOOL STUDENTS. THE SCHOOL RECEIVED APPROXIMATELY 91,000 IN TRANSPORTATION REVENUE FROM DISCOVERY HIGH SCHOOL.