2017-03-08T12:32:31-06:00 2016-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2015-07-01 593472268 SPRING CREEK CHARTER SCHOOL INC SPRI 3526693275 44440 SPRING CREEK ROAD PAISLEY FL 327679063 CARLA STEPHENS PRESIDENT 3526693275 2017-03-08 1 BRADFORD S BEEMER P00168995 4079989000 2015 2021-01-29 14:40:06Z CARLA STEPHENS 44440 SPRING CREEK ROAD PAISLEY FL 327679063 4292177 0 X N/A X 1997 FL TO PRODUCE A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE AND DRIVE. 5 5 12 108 0 0 403863 366221 3792405 3897172 16396 16217 20 12567 4212684 4292177 0 0 0 0 3408728 3561552 0 0 0 788749 674535 4197477 4236087 15207 56090 3499874 4069410 3712410 4341020 -212536 -271610 TO IMPROVE STUDENTS' LEARNING WITH THE USE OF DIFFERENT AND INNOVATIVE LEARNING METHODS, INCREASING THE CHOICE OF LEARNING OPPORTUNITIES, AND ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS. 0 0 4032995 3909739 THE CHARTER SCHOOL PROVIDES AN EDUCATIONAL PROGRAM TO STUDENTS THAT FOCUSES ON A TEACHING LEARNING CYCLE THAT WAS DEVELOPED BY THE SCHOOL. THE TEACHING LEARNING CYCLE IS AN OUTLINE OF METHODS WHICH COVERS ALL PROCESSES NECESSARY FOR HIGH ACHIEVEMENTS. APPROXIMATELY 573 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2016. 4032995 1 0 0 0 0 0 0 0 0 1 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 3 0 1 12 1 0 0 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 PAMELA LINDEMANN 3526693881 44440 SPRING CREEK ROAD PAISLEY FL 32767 CARLA STEPHENS PRESIDENT 0.50 X X 0 0 0 DAVID KELLY VICE PRESIDENT 0.50 X X 0 0 0 RONALD MOORE SECRETARY/TREASURER 0.50 X X 0 0 0 BOBBY TROUT BOARD MEMBER 0.50 X 0 0 0 JEFF SWARTZ BOARD MEMBER 0.50 X 0 0 0 WESLEY LOCKE PRINCIPAL 40.00 X 81404 0 18992 81404 0 18992 0 0 0 0 0 366221 366221 PER PUPIL FEES 900099 3897172 3897172 3897172 16217 16217 MISCELLANEOUS REVENUE 900099 12567 12567 12567 4292177 3909739 0 16217 100396 96397 3999 2606797 2502974 103823 168385 162538 5847 497624 479467 18157 188350 180701 7649 35794 17897 17897 154354 143221 11133 170998 166216 4782 35568 34247 1321 83909 76901 7008 1994 1751 243 14349 9327 5022 72679 71892 787 55933 43416 12517 REPAIRS AND MAINTENANCE 26534 25937 597 REFUSE PICK-UP 7160 6444 716 DUES & SUBSCRIPTIONS 6492 4952 1540 CAPITAL OUTLAY 5378 5378 3393 3339 54 4236087 4032995 203092 0 1763825 1870078 886218 888099 3834 6248 705789 173865 546808 531924 299189 773061 3499874 4069410 18965 29224 445418 399678 3248027 3912118 3712410 4341020 X 0 0 0 0 -212536 -271610 -212536 -271610 3499874 4069410 X 56090 -115164 0 X X 0 1 X 1 0 X 22000 22000 22000 22000 22000 22000 22000 22000 22000 22000 0 0 111628 69376 42252 594161 104489 489672 531924 FRS DEFERRED OUTFLOWS 640899 HIS DEFERRED OUTFLOWS 132162 773061 COMPENSATED ABSENCES PAYABLE 176404 DUE TO LAKE COUNTY 1034571 FRS DEFERRED INFLOWS 548611 HIS DEFERRED INFLOWS 11980 FRS PENSION LIABILITY 892447 HIS PENSION LIABILITY 936305 OPEB LIABILITY 177465 OPEB DEFERRED OUTFLOWS 24809 DUE TO OTHERS - AGENCY FUNDS 109526 3912118 X 4377581 85404 85404 4292177 0 4292177 4321491 85404 85404 4236087 0 4236087 PART V, LINE 4: THE INTEREST ON THE ENDOWMENT FUND IS TO BE USED TO HELP STUDENTS WITH ANY NEEDS THAT THE SCHOOL FEELS ARE NOT BEING MET BY THE STUDENT'S FAMILY. 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. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 85,404. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 85,404. 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. FORM 990, PART VI, SECTION B, LINE 11 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 OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST AT EACH BOARD MEETING. THE MEETINGS ARE REVIEWED, AND ANY CONFLICTS DISCUSSED WITH THE BOARD PRESIDENT, AS PART OF THE AUDIT PROCESS. NEW OFFICERS AND DIRECTORS ARE MADE AWARE OF THE POLICY UPON APPOINTMENT. 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 XII, LINE 1 THE ORGANIZATION USES THE MODIFIED ACCRUAL METHOD OF ACCOUNTING. FORM 990, PART XI, LINE 8 DURING THE YEAR ENDED JUNE 30, 2016, THE SCHOOL REVISED THE ACCOUNTING AND REPORTING FOR ITS INTERNAL FUNDS TO REMOVE THEM FROM THE GENERAL FUND AND INCLUDE THEM IN AN AGENCY FUND. THIS ACCOUNTING MORE APPROPRIATELY REFLECTS THE CUSTODIAL NATURE OF THE SCHOOL INTERNAL FUNDS. THE RECLASSIFICATION ADJUSTMENT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS REPRESENTS THE BEGINNING BALANCE OF THE SCHOOL INTERNAL FUNDS. FORM 990, PART I, LINE 5 THE RELATIONSHIP BETWEEN SPRING CREEK CHARTER 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 ON A DOLLAR FOR DOLLAR BASIS. REIMBURSEMENTS PAID TO THE LAKE COUNTY SCHOOL DISTRICT FOR PAYROLL AND RELATED BENEFITS TOTALED $3,561,552 FOR THE YEAR. THERE ARE APPROXIMATELY 66 EMPLOYEES OF THE LAKE COUNTY SCHOOL DISTRICT WORKING AT THE SPRING CREEK CHARTER SCHOOL. AS SUCH, THESE EMPLOYEES DID NOT RECEIVE FORM W-2. THE NUMBER OF EMPLOYEES DIRECTLY HIRED BY SPRING CREEK CHARTER SCHOOL FOR TRANSPORTATION SERVICES WAS 12 DURING THE 2015 CALENDAR YEAR.