2016-03-02T11:25:07-06:00 2015-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2014-07-01 061667879 LAKE WALES CHARTER SCHOOLS INC LAKE 8636796560 130 E CENTRAL AVENUE LAKE WALES FL 33853 BRIAN FISHER TREASURER/CFO 8636796560 2016-03-02 1 CHANDA HORNE P01407673 4079989000 2014 2016-08-17 19:52:53Z BRIAN FISHER 130 E CENTRAL AVE LAKE WALES FL 33853 33827582 0 X N/A X 2002 FL PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS. 7 7 623 500 0 0 5288233 5353415 27337616 28177627 4166 2791 167742 293749 32797757 33827582 0 0 0 0 22680165 22478017 0 0 0 9779440 10105842 32459605 32583859 338152 1243723 12813383 15445651 7844113 19128547 4969270 -3682896 TO BRING THE BEST OF PUBLIC EDUCATION TO OUR COMMUNITY BY PROVIDING INNOVATION AND CHOICE WITHIN A CONTINUOUS PRE-SCHOOL THROUGH POST SECONDARY CURRICULUM SO THAT EACH CHILD RECOGNIZES THE BENEFITS OF LIFE-LONG LEARNING, CONSTRUCTIVE CITIZENSHIP AND PERSONAL HAPPINESS. 0 0 27926909 28471376 THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN AVERAGE OF 4,106 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2015. 27926909 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 52 0 1 623 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X BRIAN FISHER 8636796560 130 E CENTRAL AVE LAKE WALES FL 33853 DANNY GILL CHAIRMAN 5.00 1.00 X X 0 0 0 TERRY FASEL VICE-CHAIR 2.00 X X 0 0 0 EUGENE FULTZ TRUSTEE 2.00 X 0 0 0 CHERYL GARNETT TRUSTEE 2.00 X 0 0 0 CHRISTINA UPDIKE TRUSTEE 2.00 X 0 0 0 JIMMY NELSON TRUSTEE 2.00 X 0 0 0 KEITH WADSWORTH TRUSTEE 2.00 X 0 0 0 KIM GRIFFITHS TRUSTEE 2.00 X 0 0 0 BRIAN FISHER TREASURER/CFO 40.00 2.00 X 104756 0 15180 JESSE JACKSON SUPERINTENDENT OF SCHOOLS 40.00 5.00 X 126910 0 16761 DONNA DUNSON PRINCIPAL 40.00 X 119475 0 18092 MARY CHERRINGTON-GRAY SECRETARY/EXEC. ASST. TO SUPERINTENDENT 40.00 2.00 X 49397 0 11645 400538 0 61678 3 0 0 0 SLA MANAGEMENT 3217 CORRINE DRIVE ORLANDO FL 32803 FOOD SERVICES 2161134 CLEANING MANAGEMENT SOLUTIONS 5811 SAWYER ROAD LAKELAND FL 33810 CLEANING SERVICES 388530 DATA INTEGRITY SERVICES INC 1003 SOUTH FLORIDA AVENUE LAKELAND FL 33803 SOFTWARE AND NETWORK SERVICES 317565 E&A CLEANING 529 WEST BRANNEN ROAD LAKELAND FL 33813 CLEANING SERVICES 135350 OUR CHILDREN REHAB CENTER 150 AVENUE B SE WINTER HAVEN FL 33880 STUDENT THERAPY SERVICES 119160 18 447841 4895367 10207 5353415 PER PUPIL FEES 900099 26434493 26434493 STUDENT ACTIVITIES 900099 1211811 1211811 PRE-K FEES 900099 395791 395791 TRANSPORTATION 900099 135532 135532 28177627 2791 2791 MISCELLANEOUS REVENUE 900099 293749 293749 293749 33827582 28471376 0 2791 473990 236995 236995 17281134 14688964 2592170 758655 644857 113798 2695330 2291030 404300 1268908 1078572 190336 46627 39633 6994 96750 82238 14512 1105793 939924 165869 785905 668019 117886 855479 727157 128322 199782 169815 29967 179909 152923 26986 715265 707206 8059 519306 441410 77896 CATERING EXPENSES 2130501 1810926 319575 EQUIPMENT RENTAL & MAIN 1663611 1663611 OTHER EXPENSES 920900 782764 138136 MEDIA EXPENSE 347001 294951 52050 539013 505914 33099 32583859 27926909 4656950 0 3897412 4598626 2000658 2002659 744283 794279 86134 210453 11546955 5848678 6084896 5698277 0 2141357 12813383 15445651 1806653 1961085 13568 9889 5244040 4859019 779852 12298554 7844113 19128547 X 0 0 0 0 4969270 -3682896 4969270 -3682896 12813383 15445651 1243723 -9895889 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707882 707882 4406080 956592 3449488 369345 39724 329621 3714735 3374859 339876 2348913 1477503 871410 5698277 FRS DEFERRED OUTFLOWS 1559711 HIS DEFERRED OUTFLOWS 581646 2141357 COMPENSATED ABSENCE PAYABLE 771258 FRS DEFERRED INFLOWS 4076284 HIS DEFERRED INFLOWS 4200 FRS PENSION LIABILITY 2323370 HIS PENSION LIABILITY 5123442 12298554 X 33986053 158471 158471 33827582 0 33827582 32742330 158471 158471 32583859 0 32583859 PART X, LINE 2: THE COMPANY 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 COMPANY 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 COMPANY 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 COMPANY 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 COMPANY'S FINANCIAL STATEMENTS, AS THE COMPANY 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 COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 158,471. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 158,471. 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 PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPERS, GROUP PRESENTATIONS, AND DIRECT MAILINGS. SCHEDULE E, PART I, LINE 6 REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM AND CAPITAL OUTLAY PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. THE ORGANIZATION RECEIVES FEDERAL AWARDS FOR THE ENHANCEMENT OF VARIOUS EDUCATIONAL PROGRAMS. THIS ASSISTANCE IS GENERALLY RECEIVED BASED ON APPLICATIONS SUBMITTED TO AND APPROVED BY VARIOUS GRANTING AGENCIES. FOR FEDERAL AWARDS IN WHICH A CLAIM TO THESE GRANT PROCEEDS IS BASED ON INCURRING ELIGIBLE EXPENDITURES, REVENUE IS RECOGNIZED TO THE EXTENT THAT ELIGIBLE EXPENDITURES HAVE BEEN INCURRED. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS SHARED WITH THE AUDIT/FINANCE COMMITTEE, WHICH IS ALSO PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE FORM 990 IS REVIEWED BY THE CFO OF THE ORGANIZATION PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AT THE MONTHLY CHARTER BOARD MEETINGS, EACH MEMBER IS REQUIRED TO MAKE KNOWN ANY CONFLICT OF INTEREST. ANY MEMBER WITH A KNOWN CONFLICT OF INTEREST IS REQUIRED TO REFRAIN FROM VOTING ON ANY OF THE ORGANIZATION'S MATTERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND EMPLOYMENT CONTRACTS ARE NEGOTIATED WITH THE BOARD OF TRUSTEES. AS GUIDANCE, THE ORGANIZATION HAS USED COMPARABLE DATA FROM ITS CHARTER SPONSOR AND OTHER STATE RESOURCES IN DETERMINING COMPENSATION FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE ORGANIZATIONS WEBSITE AND AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND CONTAINED IN THE EMPLOYEE HANDBOOK AND BOARD APPROVED RESOLUTION. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE BOARD MINUTES ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 1 THE ORGANIZATION USES THE MODIFIED ACCRUAL METHOD OF ACCOUNTING. FORM 990, PART XI, LINE 8 LAKE WALES CHARTER SCHOOLS ADOPTED GASB STATEMENT NO. 68, ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS - AN AMENDMENT OF GASB STATEMENT NO. 27, AND GASB STATEMENT NO. 71, PENSION TRANSITION FOR CONTRIBUTIONS MADE SUBSEQUENT TO THE MEASUREMENT DATE - AN AMENDMENT OF GASB STATEMENT NO. 68, WHICH REVISED AND ESTABLISHED NEW FINANCIAL REPORTING REQUIREMENTS FOR MOST GOVERNMENTS THAT PROVIDE THEIR EMPLOYEES WITH PENSION BENEFITS. THE EFFECT OF THIS CHANGE WAS A PRIOR PERIOD ADJUSTMENT TO RETROACTIVELY RESTATE NET ASSETS IN THE AMOUNT OF $(9,895,889), COMPRISED OF $(5,525,865) AND $(4,370,024) IN PENSION LIABILITIES FOR THE FLORIDA RETIREMENT SYSTEM AND THE RETIREE HEALTH INSURANCE SUBSIDY PROGRAM RESPECTIVELY. LAKE WALES CHARTER SCHOOL FOUNDATION INC 130 E CENTRAL AVE LAKE WALES FL 33853 113735254 SUPPORTING THE LAKE WALES CHARTER SCHOOLS, INC. FL 501(C)(3) 509(A)(3) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE WALES CHARTER SCHOOLS FOUNDATION INC C 447841 CASH