GEORGIA CHARTER EDUCATIONAL FOUNDATION INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
GEORGIA CHARTER EDUCATIONAL FOUNDATION INC (EIN 27-0453195)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-02-13
IRS object ID
201510449349301001
Schema version
2013v4.0
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)
Return2015-02-13T08:11:15-06:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

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'SBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16550 N FEDERAL HIGHWAY SUITE 410AddressLine1
CityFT LAUDERDALECity
StateFLState
ZIP Code33308ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270453195EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA CHARTER EDUCATIONAL FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlGEORBusinessNameControlTxt
Phone9542023500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 CORPORATE DRIVE NO 124AddressLine1
CityFORT LAUDERDALECity
StateFLState
ZIP Code33334ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERNEST TAYLORPersonNm
Person TitleCHAIRPERSONPersonTitleTxt
Phone9542023500PhoneNum
Signature2015-02-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM G BENSONPreparerPersonNm
PTINP00455500PTIN
Phone9547710896PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerERNEST TAYLORPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 CORPORATE DRIVE NO 124AddressLine1
CityFORT LAUDERDALECity
StateFLState
ZIP Code33334ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$12,393,519GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GEORGIACHARTERFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE GEORGIA CHARTER EDUCATIONAL FOUNDATION IS A GEORGIA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE GEORGIA CHARTER EDUCATIONAL FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF GEORGIA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF GEORGIA. THE FOUNDATION STRIVES TO PROVIDE A PREMIER ACADEMIC SCHOOL OPTION FOR STUDENTS AND FAMILIES IN GEORGIA.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,072,139PYContributionsGrantsAmt
CY Contributions Grants$11,953,314CYContributionsGrantsAmt
PY Program Service Revenue$250,965PYProgramServiceRevenueAmt
CY Program Service Revenue$324,167CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$42,690PYOtherRevenueAmt
CY Other Revenue$116,038CYOtherRevenueAmt
PY Total Revenue$9,365,794PYTotalRevenueAmt
CY Total Revenue$12,393,519CYTotalRevenueAmt
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$4,690,089PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,722,950CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,636,708PYOtherExpensesAmt
CY Other Expenses$6,479,319CYOtherExpensesAmt
PY Total Expenses$9,326,797PYTotalExpensesAmt
CY Total Expenses$13,202,269CYTotalExpensesAmt
PY Revenues Less Expenses$38,997PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$808,750CYRevenuesLessExpensesAmt
Total Assets BOY$1,524,800TotalAssetsBOYAmt
Total Assets EOY$14,577,394TotalAssetsEOYAmt
Total Liabilities BOY$830,538TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,691,882TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$694,262NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$114,488NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FOUNDATION OPERATES CHEROKEE CHARTER ACADEMY AND COWETA CHARTER ACADEMY AT SENOIA. THESE CHARTER SCHOOLS PROVIDE A SAFE LEARNING ENVIRONMENT WHERE EACH STUDENT IS CHALLENGED TO ACHIEVE THEIR FULL POTENTIAL. THEY STRIVES FOR ACADEMIC, SOCIAL, POSITIVE MORAL, AND PHYSICAL EXCELLENCE BY PROVIDING A QUALITY AND CHALLENGING CURRICULUM. THEY EQUIP STUDENTS WITH INTRINSIC MOTIVATION TO BECOME LIFE-LONG LEARNERS AND CONTRIBUTING MEMBERS OF SOCIETY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,987,008ExpenseAmt
Revenue$316,053RevenueAmt
DescCHEROKEE CHARTER ACADEMY: A DEPARTMENT OF THE GEORGIA CHARTER EDUCATIONAL FOUNDATION, INC. AND PROVIDES TUITION FREE EDUCATIONAL SERVICES TO STUDENTS FROM KINDERGARTEN TO EIGHTH (K-8) GRADE WHO RESIDE IN CHEROKEE COUNTY IN GEORGIA.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,881,490ExpenseAmt
Revenue$124,152RevenueAmt
DescCOWETA CHARTER ACADEMY AT SENOIA: A DEPARTMENT OF THE GEORGIA CHARTER EDUCATIONAL FOUNDATION, INC. AND PROVIDES TUITION FREE EDUCATIONAL SERVICES TO STUDENTS FROM KINDERGARTEN TO EIGHTH (K-8) GRADE WHO RESIDE IN COWETA COUNTY IN GEORGIA.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$9,868,498TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
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 LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
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 Document15IRPDocumentCnt
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 Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
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 Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHARTER SCHOOLS USA INCBusinessNameLine1
FieldValueIRS element (for citing)
Phone9542023500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 CORPORATE DRIVE NO 124AddressLine1
CityFORT LAUDERDALECity
StateFLState
ZIP Code33334ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ERNEST TAYLOR
CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
ROBERT YOUNG
VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
DANNY DUKES
TREASURER/SECRETARY1.00Yes (X)Yes (X)$0$0$0
CLIFFORD D HAYES JR
DIRECTOR1.00Yes (X)$0$0$0
FREDERICK N BLACK
DIRECTOR1.00Yes (X)$0$0$0
JOHN W MCINTYRE JR
DIRECTOR1.00Yes (X)$0$0$0
MARIAN A PARKER ESQ
DIRECTOR1.00Yes (X)$0$0$0
MARK JOHNSON
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 (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
CHARTER SCHOOLS USA INC
800 CORPORATE DRIVE STE 124FORT LAUDERDALEFL33334SCHOOL MANAGEMENT SERVICES$1,414,976
CDW
200 N MILWAUKEE AVENUEVERNON HILLSIL60061TECHNOLOGY SUPPLIES$305,818
A & S TRANSPORTATION
649 5TH AVENUE SOUTHNAPLESFL34102TRANSPORTATION$224,062
SIGNATURE PRODUCTS
230 SPRINGVIEW COMMERCE DRIVE 300DEBARYFL32713TECHNOLOGY AND OFFICE SUPPLIES$192,486
PREFERRED MEAL SYSTEM INC
5240 ST CHARLES ROADBERKELEYIL60163FOOD SERVICES$125,573
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$11,953,314GovernmentGrantsAmt
Total Contributions$11,953,314TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT LUNCHES611600$169,879$169,879
COMMUNITY SERVICE OPERATIONS611600$154,288$154,288
FieldValueIRS element (for citing)
Total Program Service Revenue$324,167TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INSURANCE PROCEEDS611600$74,933$74,933
MISCELLANEOUS611600$35,918$35,918
STUDENT FEES611600$5,187$5,187
FieldValueIRS element (for citing)
Other Revenue Total$116,038OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,393,519TotalRevenueColumnAmt
Related Or Exempt Func Income$440,205RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,688,994TotalAmt
Program Services$5,127,755ProgramServicesAmt
Management And General$561,239ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$555,564TotalAmt
Program Services$528,786ProgramServicesAmt
Management And General$26,778ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$478,392TotalAmt
Program Services$440,931ProgramServicesAmt
Management And General$37,461ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$489,694TotalAmt
Program Services$429,872ProgramServicesAmt
Management And General$59,822ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,462,069TotalAmt
Program Services$1,462,069ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$31,190TotalAmt
Program Services$9,077ProgramServicesAmt
Management And General$22,113ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$70,916TotalAmt
Management And General$70,916ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$419,885TotalAmt
Management And General$419,885ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$568,002TotalAmt
Program Services$430,857ProgramServicesAmt
Management And General$137,145ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
SCHOOL MANAGEMENT FEES$1,085,000$1,085,000
REPAIRS AND MAINTENANCE$734,812$734,812
PROGRAM MATERIALS$505,802$505,802
UTILITIES$381,252$381,252

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$730,697TotalAmt
Program Services$552,097ProgramServicesAmt
Management And General$178,600ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,202,269TotalAmt
Program Services$9,868,498ProgramServicesAmt
Management And General$3,333,771ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$946,546BOYAmt
EOY$1,469,708EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$52BOYAmt
EOY$129,223EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,490BOYAmt
EOY$18,607EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,876,411LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$884,535LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$534,324BOYAmt
EOY$9,991,876EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$41,388BOYAmt
EOY$2,967,980EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,524,800BOYAmt
EOY$14,577,394EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$574,564BOYAmt
EOY$1,496,246EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$11,905,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$255,974BOYAmt
EOY$1,290,636EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$830,538BOYAmt
EOY$14,691,882EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$159,938BOYAmt
EOY-$114,488EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$534,324BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$694,262BOYAmt
EOY-$114,488EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,524,800BOYAmt
EOY$14,577,394EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$808,750ReconcilationRevenueExpnssAmt
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)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,300,633OtherCostOrOtherBasisAmt
Depreciation$17,223DepreciationAmt
Book Value$9,283,410BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,980OtherCostOrOtherBasisAmt
Depreciation$9,098DepreciationAmt
Book Value$33,882BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,532,798OtherCostOrOtherBasisAmt
Depreciation$858,214DepreciationAmt
Book Value$674,584BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,991,876TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DUE FROM OTHER ENTITIES$233,404
DEPOSITS$60,494
RESTRICTED CASH$1,870,119
UNAMORTIZED BOND ISSUANCE COSTS$803,963
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,967,980TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ACCRUED INTEREST PAYABLE$70,916
NOTE PAYABLE$639,720
BONDS PAYABLE$580,000
FieldValueIRS element (for citing)
Total Liability$1,290,636TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$12,393,519TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$12,393,519RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,393,519TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,202,269TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$13,202,269ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,202,269TotalExpensesPerForm990Amt

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 FOUNDATION INCLUDES PUBLIC CHARTER SCHOOLS ORGANIZED UNDER GEORGIA STATUTES. ALL NONDISCRIMINATORY INFORMATION IS AVAILABLE THROUGH VARIOUS PUBLIC ANNOUCEMENTS AND PUBLICATIONS.
SCHEDULE E, PART I, LINE 6THE ORGANIZATION RECEIVES COMPENSATION FOR SERVICES IN THE FORM OF AWARDS, GRANTS AND OTHER SUBSIDIES FROM FEDERAL, STATE AND LOCAL GOVERNMENTS, WHICH ALSO INCLUDES FUNDING FOR STUDENT ENROLLMENT.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1DEVELOPMENT AUTHORITY OF THE CITY OF SENOIA GEORGIABusinessNameLine1
FieldValueIRS element (for citing)
Bond Issued2014-06-05BondIssuedDt
Issue Price$11,905,000IssuePriceAmt
PurposeTO PROVIDE FUNDS FOR ACQUISITION OF COWETA CHARTER ACADEMY BUILDING/FACILITYPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
In Reserve Fund$1,007,044InReserveFundAmt
Capitalized Interest$179,976CapitalizedInterestAmt
Issuance Costs From Proceeds$87,622IssuanceCostsFromProceedsAmt
Working Capital Expenditures$500,000WorkingCapitalExpendituresAmt
Capital Expenditures$9,981,506CapitalExpendituresAmt
Substantial Completion2044SubstantialCompletionYr
Current Refunding0CurrentRefundingInd
Advance Refunding0AdvanceRefundingInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledYes (1)Form8038TFiledInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE FOUNDATION CONTRACTED WITH A CHARTER SCHOOL MANAGEMENT COMPANY TO BE ACCOUNTABLE TO THE BOARD FOR THE ADMINISTRATION, OPERATION, AND PERFORMANCE OF THE CHARTER SCHOOL IN ACCORDANCE WITH THE CHARTER AGREEMENT.
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 12BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR.
FORM 990, PART VI, SECTION C, LINE 18THE FOUNDATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE ARE MADE AVAILABLE UPON REQUEST TO THE MANAGEMENT COMPANY.
FORM 990, PART XII, 2C, INDEPENDENT REVIEW PROCESSTHE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS. THE PROCESS HAS NOT CHANGED OVER THE PAST YEAR.

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