2016-02-15T10:09:17-06:00 2015-06-30 541254593 LEATHERBURY & BROACHE & CO PC 23307 COURTHOUSE AVE ACCOMAC VA 23301 990 2014-07-01 540799130 BROADWATER ACADEMY BROA 7574429041 PO BOX 546 EXMORE VA 23350 JOSEPH SPAGNOLO HEADMASTER 7574429041 2016-02-02 true ROBERT W LEATHERBURY CPA P00021035 7577874444 2016-02-12 2014 2016-08-17 19:52:53Z JOSEPH SPAGNOLO PO BOX 546 EXMORE VA 23350 3580170 false X BROADWATERACADEMY.ORG X 1965 VA SEE STATEMENT ATTACHED 13 13 92 0 125795 112925 3472037 3449485 1750 0 40827 17760 3640409 3580170 0 405568 494046 2490565 2428653 0 52614 1022391 1115846 3918524 4038545 -278115 -458375 3923545 3669333 1428768 1634848 2494777 2034485 SEE STATEMENT ATTACHED false false 2785623 EDUCATIONAL INSTRUCTION AND SERVICES PROVIDED TO APPROXIMATELY 415 STUDENTS. SERVICES INCLUDE BUS TRANSPORTATION, ATHLETICS AND OTHER EXTRACURRICULAR ACTIVITIES. 494046 TUITION GRANTS AND FINANCIAL AID CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO. APPROXIMATELY 120 STUDENTS BENEFIT DIRECTLY EACH YEAR. 3279669 true true false false false false false false false true true false false false true false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 true 92 true false false false false false false false false false false false false X 13 13 false false false false false false false true true false false false true true true false false true false false X BUSINESS MANAGER 7574429041 PO BOX 546 EXMORE VA 23350 X TOM ANDERSON VICE CHAIR A 2.00 X X 0 0 0 LUKE KELLAM DIRECTOR 1.00 X X 0 0 0 CATHY RIOPEL SECRETARY 1.00 X X 0 0 0 TOM HILL JR DIRECTOR 1.00 X 0 0 0 ROB GUSTAFSON CHAIRMAN 2.00 X X 0 0 0 TED AMES DIRECTOR 1.00 X 0 0 0 DAN BROWN DIRECTOR 1.00 X 0 0 0 ANNA BURGER DIRECTOR 1.00 X 0 0 0 PAUL CUSTIS DIRECTOR 1.00 X 0 0 0 SCOTT KENNEDY DIRECTOR 1.00 X 0 0 0 DANNY VESTAL DIRECTOR 1.00 X 0 0 0 JULIE BADGER DIRECTOR 1.00 X 0 0 0 DAVID M PARKER DIRECTOR 1.00 X 0 0 0 false false false 9202 103723 112925 TUITION AND OTHER SCHOOL FEES 3449485 3449485 3449485 9202 OTHER REVENUE 17760 17760 17760 3580170 3449485 17760 494046 494046 2074358 1523823 550535 26670 19592 7078 182209 133851 48358 145416 107608 37808 3507 3507 18460 18460 2184 2184 33144 16572 16572 73368 73368 180860 162774 18086 13469 13469 220156 210791 9365 33211 33211 INSTRUCTIONAL COSTS 233725 233725 RECRUITMENT 86436 86436 DEVELOPMENT 52614 52614 ATHLETICS COST 50431 50431 114281 114281 4038545 3279669 706262 52614 145823 93133 27762 19774 310078 227572 6621732 3921662 2893275 2700070 401677 394256 197620 181838 3923545 3669333 297579 343220 710413 704585 420776 587043 1428768 1634848 X 2053610 1852647 161179 87829 279988 94009 2494777 2034485 3923545 3669333 -458375 -1917 X false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 401677 11815 16530 2706 394256 363212 57045 15940 2640 401677 350287 31230 15730 2575 363212 350928 17086 15170 2556 350287 340906 43789 31170 2597 350928 1.00000 false false 153098 153098 5180419 3067014 2113405 1090136 690735 399401 198078 163913 34165 6621732 3921662 2700070 5400139 LINE OF CREDIT 304149 DUE TO BROADWATER ACADEMY FOUNDATION 244591 CAPITAL LEASES 38303 587043 3580170 3580170 3580170 4037721 4037721 824 824 4038545 SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 824 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 ADS IN THE LOCAL NEWSPAPAPER, BROCHURES AND OTHER LITERATURE COMMUNICATE THAT BROADWATER ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE WISHING TO ATTEND THE SCHOOL. FORM 990, PAGE 6, PART VI, LINE 11B FINANCE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE TAX RETURN BEFORE FILING FORM 990, PAGE 6, PART VI, 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; AND 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 OF 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, PAGE 6, PART VI, LINE 15A DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO AND EMPLOYEES OF THE SCHOOL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 824