LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC (EIN 65-1125973)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-03-14
IRS object ID
201740739349300634
Schema version
2015v3.0
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)
Return2017-03-14T11:40:19-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN591363792PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KEEFE MCCULLOUGH & CO LLP CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16550 N FEDERAL HIGHWAY SUITE 410AddressLine1Txt
CityFT LAUDERDALECityNm
State AbbreviationFLStateAbbreviationCd
ZIP33308ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651125973EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEARNING EXCELLENCE FOUNDATIONBusinessNameLine1Txt
Business Name Line2OF SOUTH PALM BEACH INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLEARBusinessNameControlTxt
Phone5615851189PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 HIGH RIDGE ROADAddressLine1Txt
CityBOYNTON BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP334624577ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRIS JOHNSONPersonNm
Person TitleCHAIRPersonTitleTxt
Phone5615851189PhoneNum
Signature2017-03-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISRAEL J GOMEZPreparerPersonNm
PTINP00846353PTIN
Phone9547710896PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRIS JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 HIGH RIDGE ROADAddressLine1Txt
CityBOYNTON BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP334624577ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,076,241GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.IMAGINE-CHANCELLOR.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers40TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,081,257PYContributionsGrantsAmt
CY Contributions Grants$7,445,612CYContributionsGrantsAmt
PY Program Service Revenue$342,900PYProgramServiceRevenueAmt
CY Program Service Revenue$337,104CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$339,520PYOtherRevenueAmt
CY Other Revenue$229,588CYOtherRevenueAmt
PY Total Revenue$7,763,677PYTotalRevenueAmt
CY Total Revenue$8,012,304CYTotalRevenueAmt
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$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$7,447,742PYOtherExpensesAmt
CY Other Expenses$7,706,994CYOtherExpensesAmt
PY Total Expenses$7,447,742PYTotalExpensesAmt
CY Total Expenses$7,706,994CYTotalExpensesAmt
PY Revenues Less Expenses$315,935PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$305,310CYRevenuesLessExpensesAmt
Total Assets BOY$2,885,927TotalAssetsBOYAmt
Total Assets EOY$2,926,607TotalAssetsEOYAmt
Total Liabilities BOY$1,870,343TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,048,684TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,015,584NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,877,923NetAssetsOrFundBalancesEOYAmt
MissionTO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,565,914ExpenseAmt
Revenue$510,285RevenueAmt
DescTO PROVIDE OUTSTANDING EDUCATIONAL SERVICES TO PALM BEACH COUNTY, FLORIDA AS A CHARTER SCHOOL. SERVE APPROXIMATELY 1020 STUDENTS IN GRADES K-8.Desc
Total Program Service Expenses$6,565,914TotalProgramServiceExpensesAmt
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 AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
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 Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
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 CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JORGE PUENTE - DUANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5615851189PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 HIGH RIDGE ROADAddressLine1Txt
CityBOYNTON BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP334624577ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHRIS JOHNSON
CHAIR1.00Yes (X)Yes (X)$0$0$0
PENNY M PICKETT
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
TOM SUTTERFIELD
TREASURER2.00Yes (X)Yes (X)$0$0$0
ELIZABETH STEPHAN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
ERIKA SINGLETARY
PARENT LIASON1.00Yes (X)$0$0$0
LISA TALTY
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER WESER
DIRECTOR1.00Yes (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 (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
IMAGINE SCHOOLS INC
1005 N GLEBE RD STE 610ARLINGTONVA22201MANAGEMENT SERVICES$594,856
BOCA SPEECH CENTER
160 NW 4TH STREETBOCA RATONFL33432SPEECH THERAOY$136,215
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$7,445,612GovernmentGrantsAmt
Total Contributions$7,445,612TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BEFORE/AFTER CARE611600$210,316$210,316
PROGRAM SERVICES611600$126,788$126,788
FieldValueIRS element (for citing)
Total Program Service Revenue$337,104TotalProgramServiceRevenueAmt
Fundraising Gross Income$120,344FundraisingGrossIncomeAmt
Fundraising Direct Expenses$63,937FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$56,407TotalRevenueColumnAmt
Exclusion$56,407ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER LOCAL REVENUEDesc
Business611600BusinessCd
Total Revenue Column$173,181TotalRevenueColumnAmt
Related Or Exempt Func Income$173,181RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$173,181OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,012,304TotalRevenueColumnAmt
Related Or Exempt Func Income$510,285RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$56,407ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$582,106TotalAmt
Management And General$582,106ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,115TotalAmt
Management And General$15,115ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$142,345TotalAmt
Program Services$133,918ProgramServicesAmt
Management And General$8,427ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,881TotalAmt
Management And General$1,881ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,558TotalAmt
Program Services$159ProgramServicesAmt
Management And General$16,399ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,171TotalAmt
Program Services$4,358ProgramServicesAmt
Management And General$2,813ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,441,221TotalAmt
Program Services$1,441,221ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,261TotalAmt
Program Services$711ProgramServicesAmt
Management And General$3,550ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$74,763TotalAmt
Program Services$49,171ProgramServicesAmt
Management And General$25,592ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$141,520TotalAmt
Program Services$141,520ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
LEASED EMPLOYEES$4,191,420$3,799,928$391,492
REPAIRS AND MAINTENANCE$384,307$345,868$38,439
PROGRAM MATERIALS AND S$239,721$239,721
FIELD TRIPS$140,550$140,550

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$324,055TotalAmt
Program Services$268,789ProgramServicesAmt
Management And General$55,266ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,706,994TotalAmt
Program Services$6,565,914ProgramServicesAmt
Management And General$1,141,080ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$881,776BOYAmt
EOY$752,762EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$12,136BOYAmt
EOY$121,409EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,488,689LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$614,138LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,949,314BOYAmt
EOY$1,874,551EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$42,701BOYAmt
EOY$177,885EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,885,927BOYAmt
EOY$2,926,607EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$537,106BOYAmt
EOY$474,550EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$39,858BOYAmt
EOY$52,389EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$521,851BOYAmt
EOY$521,745EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$771,528BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,870,343BOYAmt
EOY$1,048,684EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

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

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$1,302,499BOYAmt
EOY$1,352,806EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$286,915BOYAmt
EOY$525,117EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,015,584BOYAmt
EOY$1,877,923EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,885,927BOYAmt
EOY$2,926,607EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$305,310ReconcilationRevenueExpnssAmt
Prior Period Adjustments$557,029PriorPeriodAdjustmentsAmt
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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,259,432OtherCostOrOtherBasisAmt
Book Value$1,259,432BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$466,974OtherCostOrOtherBasisAmt
Depreciation$85,818DepreciationAmt
Book Value$381,156BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$329,885OtherCostOrOtherBasisAmt
Depreciation$228,540DepreciationAmt
Book Value$101,345BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$432,398OtherCostOrOtherBasisAmt
Depreciation$299,780DepreciationAmt
Book Value$132,618BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,874,551TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
DUE FROM OTHER GOVERNMENTS$152,219
DUE FROM OTHER SCHOOLS$22,349
DEPOSITS$3,317
FieldValueIRS element (for citing)
Total Book Value Other Assets$177,885TotalBookValueOtherAssetsAmt
Total Rev Etc Audited Fincl Stmt$8,076,241TotalRevEtcAuditedFinclStmtAmt
Other Revenue$63,937OtherRevenueAmt
Revenue Not Reported$63,937RevenueNotReportedAmt
Revenue Subtotal$8,012,304RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,012,304TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,770,931TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$63,937OtherExpensesIncludedAmt
Expenses Not Reported$63,937ExpensesNotReportedAmt
Expenses Subtotal$7,706,994ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,706,994TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES 63,937.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES 63,937.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
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 3THE ORGANIZATION SPECIFICALLY STATES ITS NONDISCRIMINATORY POLICY ON SCHOOL BROCHURES, NOTICES PUBLISHED BY THE PALM BEACH COUNTY SCHOOL BOARD, AND IN ALL OF ITS PUBLISHED ADVERTISEMENTS.
SCHEDULE E, PART I, LINE 6SCHOOL DISTRICT OF PALM BEACH COUNTY

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CHOCOLATE SALESEvent1Nm
Gross Receipts Event1$24,706GrossReceiptsEvent1Amt
Gross Revenue Event1$24,706GrossRevenueEvent1Amt
Other Direct Expenses Event1$15,030OtherDirectExpensesEvent1Amt
Event2FUN RUNEvent2Nm
Gross Receipts Event2$21,695GrossReceiptsEvent2Amt
Gross Revenue Event2$21,695GrossRevenueEvent2Amt
Other Direct Expenses Event2$12,278OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$73,943GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$73,943GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$36,629OthDirectExpnssOtherEventsAmt
Gross Receipts Total$120,344GrossReceiptsTotalAmt
Gross Revenue Total Events$120,344GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$63,937OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$63,937DirectExpenseSummaryEventsAmt
Net Income Summary$56,407NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE SCHOOL IS CONTRACTED WITH IMAGINE SCHOOLS, INC. TO PROVIDE ALL CHARTER SCHOOL MANAGEMENT SERVICES, INCLUDING THE ADMINISTRATION AND SUPERVISION OF PERSONNEL, PROCUREMENTS AND MANAGEMENT OF MATERIALS, EQUIPMENT AND FACILITIES.
FORM 990, PART VI, SECTION B, LINE 11A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BY THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM. IT WAS REVIEWED AND APPROVED BY THE GOVERNING BOARD PRIOR TO GOVERNMENT SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ARE EDUCATED REGARDING THE REQUIREMENTS FOR DISCLOSURE OF BUSINESS INTEREST AND CONFLICTS OF INTEREST. INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY ARISE AT ANY TIME DURING THE YEAR.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2CNO CHANGE FROM PRIOR YEAR.
FORM 990, PART XI, LINE 9RESTATEMENT OF BEGINNING NET POSITION: THE SCHOOL RECORDED AN ADJUSTMENT TO ITS BEGINNING NET POSITION IN THE GOVERNMENT-WIDE FINANCIAL STATEMENTS, DUE TO A CORRECTION RELATING TO THE STRAIGHT-LINE TREATMENT OF OPERATING LEASES, IN ACCORDANCE WITH GASB STATEMENT NO.13. ACCOUNTING FOR OPERATING LEASES WITH SCHEDULED RENT INCREASES. THE ADJUSTMENT INCREASED THE JUNE 30, 2015 NET POSITION BY $557,029.

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