LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC (EIN 65-1125973)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-01-27
- IRS object ID
- 201520279349300417
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-01-27T10:24:18-06:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 591152714 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8035 SPYGLASS HILL RD | AddressLine1 |
| City | MELBOURNE | City |
| State | FL | State |
| ZIP Code | 32940 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 651125973 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LEARNING EXCELLENCE FOUNDATION OF | BusinessNameLine1 |
| Business Name Line2 | SOUTH PALM BEACH INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LEAR | BusinessNameControlTxt |
| Phone | 5615851189 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 HIGH RIDGE ROAD | AddressLine1 |
| City | BOYNTON BEACH | City |
| State | FL | State |
| ZIP Code | 334624577 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRIS JOHNSON | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Phone | 5615851189 | PhoneNum |
| Signature | 2015-01-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROSS WHITLEY | PreparerPersonNm |
| PTIN | P01445797 | PTIN |
| Phone | 3217572020 | PhoneNum |
| Preparation | 2015-01-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IMAGINE SCHOOLS - CHANCELLOR CAMPUS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CHRIS JOHNSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 HIGH RIDGE ROAD | AddressLine1 |
| City | BOYNTON BEACH | City |
| State | FL | State |
| ZIP Code | 334624577 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,559,451 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CHANCELLORLANTANA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2000 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | TO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $6,482,313 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,981,378 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $319,315 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $319,180 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $17,607 | PYOtherRevenueAmt |
| CY Other Revenue | $211,543 | CYOtherRevenueAmt |
| PY Total Revenue | $6,819,235 | PYTotalRevenueAmt |
| CY Total Revenue | $7,512,101 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,676,121 | PYOtherExpensesAmt |
| CY Other Expenses | $7,155,658 | CYOtherExpensesAmt |
| PY Total Expenses | $6,676,121 | PYTotalExpensesAmt |
| CY Total Expenses | $7,155,658 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $143,114 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $356,443 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,634,470 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,703,827 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,291,264 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,004,178 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $343,206 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $699,649 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,079,120 | ExpenseAmt |
| Revenue | $531,511 | RevenueAmt |
| Desc | TO PROVIDE OUTSTANDING EDUCATIONAL SERVICES TO PALM BEACH COUNTY, FLORIDA AS A CHARTER SCHOOL. SERVE AN AVERAGE OF 1000 STUDENTS IN GRADES K-8. | Desc |
| Total Program Service Expenses | $4,079,120 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHAWN LEE | PersonNm |
| Phone | 5615851189 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 HIGH RIDGE ROAD | AddressLine1 |
| City | BOYTON BEACH | City |
| State | FL | State |
| ZIP Code | 33426 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| CHRIS JOHNSON | ||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| PENNY PICKETT | ||||||
| CO-CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| TOM SUTTERFIELD | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LISA TALTY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER WESER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH STEPHEN | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ERIKA SINGLETARY | ||||||
| PARENT LIAIS | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | IMAGINE SCHOOLS INC | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1005 N GLEBE RD STE 610 | AddressLine1 |
| City | ARLINGTON | City |
| State | VA | State |
| ZIP Code | 22201 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | MANAGEMENT | ServicesDesc |
| Compensation | $580,768 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $6,981,378 | GovernmentGrantsAmt |
| Total Contributions | $6,981,378 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| BEFORE/AFTER CARE | $190,719 | $190,719 |
| SUMMER PROGRAM FEES | $128,461 | $128,461 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $319,180 | TotalProgramServiceRevenueAmt |
| Fundraising Gross Income | $46,562 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $47,350 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$788 | TotalRevenueColumnAmt |
| Exclusion | -$788 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LOCAL REVENUE | Desc |
| Total Revenue Column | $212,331 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $212,331 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $212,331 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,512,101 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $531,511 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | -$788 | ExclusionAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,768 | TotalAmt |
| Management And General | $580,768 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,538 | TotalAmt |
| Management And General | $33,538 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,250 | TotalAmt |
| Management And General | $17,250 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,322 | TotalAmt |
| Program Services | $125,080 | ProgramServicesAmt |
| Management And General | $59,242 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,259 | TotalAmt |
| Management And General | $3,259 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,246 | TotalAmt |
| Program Services | $86,182 | ProgramServicesAmt |
| Management And General | $43,064 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,354,621 | TotalAmt |
| Management And General | $1,354,621 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,039 | TotalAmt |
| Program Services | $3,909 | ProgramServicesAmt |
| Management And General | $12,130 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,596 | TotalAmt |
| Management And General | $39,596 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,063 | TotalAmt |
| Program Services | $4,329 | ProgramServicesAmt |
| Management And General | $64,734 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,349 | TotalAmt |
| Management And General | $136,349 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LEASED EMPLOYEES | $4,117,316 | $3,677,137 | $440,179 |
| REPAIRS & MAINTENANCE | $248,253 | $248,253 | |
| TEXTBOOKS | $110,508 | $110,508 | |
| MISCELLANEOUS | $38,928 | $4,367 | $34,561 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,602 | TotalAmt |
| Program Services | $67,608 | ProgramServicesAmt |
| Management And General | $8,994 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,155,658 | TotalAmt |
| Program Services | $4,079,120 | ProgramServicesAmt |
| Management And General | $3,076,538 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $911,047 | BOYAmt |
| EOY | $1,021,601 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,762 | BOYAmt |
| EOY | $690 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,609 | BOYAmt |
| EOY | $15,756 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,061,511 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $474,429 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,588,708 | BOYAmt |
| EOY | $1,587,082 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,344 | BOYAmt |
| EOY | $78,698 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,634,470 | BOYAmt |
| EOY | $2,703,827 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $452,980 | BOYAmt |
| EOY | $551,922 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,016 | BOYAmt |
| EOY | $20,975 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,795,268 | BOYAmt |
| EOY | $1,431,281 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,291,264 | BOYAmt |
| EOY | $2,004,178 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$367,113 | BOYAmt |
| EOY | -$121,867 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $710,319 | BOYAmt |
| EOY | $821,516 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $343,206 | BOYAmt |
| EOY | $699,649 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,634,470 | BOYAmt |
| EOY | $2,703,827 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $356,443 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,314,357 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,968,023 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,690,880 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,482,313 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,981,378 | CurrentTaxYearAmt |
| Total | $31,436,951 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $112,862 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $218,171 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $234,085 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $334,364 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $531,511 | CurrentTaxYearAmt |
| Total | $1,430,993 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,061 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,373 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $56,222 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,142 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,562 | CurrentTaxYearAmt |
| Total | $196,360 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,445,280 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,217,567 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,981,187 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,860,819 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,559,451 | CurrentTaxYearAmt |
| Total | $33,064,304 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $33,064,304 | PublicSupportTotal509Amt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,006 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $163,620 | CurrentTaxYearMinus3YearsAmt |
| Total | $170,626 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,452,286 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,381,187 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,981,187 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,860,819 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,559,451 | CurrentTaxYearAmt |
| Total | $33,234,930 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99490 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99400 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 12 | FormAndLineReferenceDesc |
| Explanation | CUMULATIVE OTHER INCOME 170,626 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,259,432 | OtherCostOrOtherBasisAmt |
| Book Value | $1,259,432 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $97,756 | OtherCostOrOtherBasisAmt |
| Depreciation | $65,218 | DepreciationAmt |
| Book Value | $32,538 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $329,885 | OtherCostOrOtherBasisAmt |
| Depreciation | $191,767 | DepreciationAmt |
| Book Value | $138,118 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $367,380 | OtherCostOrOtherBasisAmt |
| Depreciation | $210,386 | DepreciationAmt |
| Book Value | $156,994 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,058 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,058 | DepreciationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,587,082 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| NOTE PAYABLE | $648,200 |
| DEFERRED RENT EXPENSE | $606,428 |
| OTHER CURRENT LIABILITIES | $117,366 |
| DUE TO OPERATING COMPANY | $27,930 |
| DUE TO CHARTERHOLDER | $27,880 |
| DUE TO SCHOOL BOARD | $2,724 |
| DUE TO OTHER SCHOOLS | $753 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,431,281 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,552,951 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $7,552,951 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$40,850 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$40,850 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,512,101 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,190,081 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $72,350 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $72,350 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,117,731 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $37,927 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $37,927 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,155,658 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT EFFECTS FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ASSESSMENT OF THE TECHNICAL MERITS OF A TAX POSITION IS A MATTER OF JUDGMENT. THE SCHOOL BELIEVES THAT ALL ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS ENDING BEFORE JUNE 30, 2011. |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | CHARTERHOLDER RECEIPTS 6,500 DIRECT F/R EXPENSES -47,350 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | DIRECT F/R EXPENSES 47,350 PRINCIPAL ADMIN FEES 25,000 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | CHARTERHOLDER DISBURSEMENTS 37,927 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FUNDRAISING ACT | NameOfEvent1Amt |
| Gross Receipts Event1 | $46,562 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $46,562 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $47,350 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $46,562 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $46,562 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $47,350 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $47,350 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$788 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 3 | THE 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, PAGE 6, PART VI, LINE 11B | A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING THE FINAL RETURN WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | CHARTERHOLDER RECEIPTS -6,500 DIRECT F/R EXPENSES 47,350 DIRECT F/R EXPENSES -47,350 PRINCIPAL ADMIN FEES -25,000 CHARTERHOLDER DISBURSEMENTS 37,927 |
| FORM 990, PART XI, LINE 9 | CHANGE IN CHARTERHOLDER BALANCE 6,427 THIS REPRESENTS THE NET CHANGE IN THE CHARTERHOLDER BANK ACCOUNT. |
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