2015-03-03T14:52:55-06:00 2014-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2013-07-01 061667879 LAKE WALES CHARTER SCHOOLS INC LAKE 8636796560 130 E CENTRAL AVENUE LAKE WALES FL 33853 BRIAN FISHER TREASURER/CFO 8636796560 2015-03-03 1 CHANDA HORNE P01407673 4079989000 2013 2016-02-25 16:41:14Z X BRIAN FISHER 130 E CENTRAL AVE LAKE WALES FL 33853 32799126 0 X N/A X 2002 FL PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS. 7 7 614 500 0 0 5746960 5288233 25028461 27337616 10787 4166 167533 167742 30953741 32797757 0 0 0 0 21089229 22680165 0 0 0 8785739 9779440 29874968 32459605 1078773 338152 12753547 12813383 8122429 7844113 4631118 4969270 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 27842462 27505358 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 4,040 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2014. 27842462 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 43 0 1 614 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 KEITH WADSWORTH CHAIRMAN 10.00 1.00 X X 0 0 0 DANNY GILL VICE-CHAIR 5.00 X X 0 0 0 CASSANDRA DENMARK TRUSTEE 2.00 X 0 0 0 CHERYL GARNETT TRUSTEE 2.00 X 0 0 0 BETTY WOJCIK TRUSTEE 2.00 X 0 0 0 TERRY FASEL TRUSTEE 2.00 X 0 0 0 JIMMY NELSON TRUSTEE 2.00 X 0 0 0 CINDY LANDEN TRUSTEE 2.00 X 0 0 0 BRIAN FISHER TREASURER/CFO 40.00 3.00 X 103743 0 13652 JESSE JACKSON SUPERINTENDENT 40.00 3.00 X 133516 0 15357 MARY CHERRINGTON-GRAY SECRETARY 40.00 X 33217 0 12192 DONNA DUNSON PRINCIPAL 40.00 X 120305 0 14879 390781 0 56080 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'S REHAB CENTER 150 AVENUE B SE WINTER HAVEN FL 33880 STUDENT THERAPY SERVICES 119160 15 727799 4397300 163134 5288233 PER PUPIL FEES 900099 25649514 25649514 STUDENT ACTIVITIES 900099 1156131 1156131 PRE-K FEES 900099 391875 391875 TRANSPORTATION 900099 140096 140096 27337616 2424 2424 3111 1369 1742 1742 1742 MISCELLANEOUS REVENUE 900099 167742 167742 167742 32797757 27505358 0 4166 311677 155839 155838 17028190 14473961 2554229 1169786 994318 175468 2892914 2458977 433937 1277598 1085958 191640 34073 28962 5111 96506 82030 14476 724283 615641 108642 827199 703119 124080 263962 224368 39594 254964 216719 38245 760814 751063 9751 523731 445171 78560 CATERING EXPENSES 2145471 1823650 321821 EQUIPMENT RENTAL & MAIN 1296899 1296899 PROFESSIONAL SERVICES 1077655 916007 161648 OTHER EXPENSES 882111 749795 132316 891772 819985 71787 32459605 27842462 4617143 0 5311165 3897412 0 2000658 675530 744283 349387 86134 11224009 5139113 6417465 6084896 12753547 12813383 1762738 1806653 38687 13568 5571041 5244040 749963 779852 8122429 7844113 X 0 0 0 0 4631118 4969270 4631118 4969270 12753547 12813383 338152 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707882 707882 4406080 824063 3582017 258252 14646 243606 3553008 3157125 395883 2298787 1143279 1155508 6084896 COMPENSATED ABSENCE PAYABLE 779852 779852 X 32955553 157796 157796 32797757 0 32797757 32617401 157796 157796 32459605 0 32459605 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 156,427. LOSS ON DISPOSAL OF ASSETS 1,369. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 156,427. LOSS ON DISPOSAL OF ASSETS 1,369. 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. EXPLANATION OF CHANGES FOR AMENDED 990: THE FOLLOWING PARTS AND SCHEDULES HAVE CHANGED FROM THE ORIGINAL FORM 990: PART III, LINE 4A (EXPENSES) AND PART III, LINE 4E DECREASED BY $42,063 TO $27,842,462 PART VII, SECTION A, LINE 1A: AVERAGE HOURS WORKED PER WEEK FOR RELATED ORGANIZATION IS NOW REFLECTED FOR THE FOLLOWING 3 INDIVIDUALS: KEITH WADSWORTH - 1 HOUR BRIAN FISHER - 3 HOURS JESSE JACKSON - 3 HOURS CASSANDRA DENMARK'S AVERAGE HOURS WORKED PER WEEK FOR THE ORGANIZATION WAS CORRECTED TO 2 HOURS JESSE JACKSON'S CLASSIFICATION WAS CORRECTED TO AN OFFICER THE AMOUNT OF REPORTABLE COMPENSATION AND OTHER COMPENSATION PAID TO THE FOLLOWING INDIVIDUALS HAS BEEN CORRECTED: BRIAN FISHER JESSE JACKSON MARY CHERRINGTON-GRAY DONNA DUNSON PART VII, SECTION A, LINE 1B: THE TOTAL REPORTABLE COMPENSATION INCREASED BY $6,458 TO $390,781 AND TOTAL OTHER COMPENSATION DECREASED BY $37,957 TO $56,080 PART IX: PART IX, LINE 5(A) INCREASED BY $120,179 TO $311,677 PART IX, LINE 7(A) DECREASED BY $120,179 TO $17,028,190 PART IX, LINE 25(B) DECREASED BY $42,063 TO $27,842,462 PART IX, LINE 25(C) INCREASED BY $42,063 TO $4,617,143 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 727799 CASH