LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC (EIN 65-1125973)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-02-05
IRS object ID: 201400369349300805
Schema version: 2012v2.3
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-02-05T08:43:52-06:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

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	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	651125973	EIN

Name Name

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)
Name Control	LEAR	NameControl
Phone	5615851189	Phone

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

Officer Officer

Field	Value	IRS element (for citing)
Name	CHRIS JOHNSON	Name
Title	CHAIRMAN	Title
Phone	5615851189	Phone
Date Signed	2013-10-25	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROSS WHITLEY	Name
Phone	3217572020	Phone
Date Prepared	2014-01-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	CHRIS JOHNSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

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	6860819	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.CHANCELLORLANTANA.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2000	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	TO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	100	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	6690880	ContributionsGrantsPriorYear
Contributions Grants Current Year	6482313	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	234085	ProgramServiceRevenuePriorYear
Program Service Revenue CY	319315	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	56222	OtherRevenuePriorYear
Other Revenue Current Year	17607	OtherRevenueCurrentYear
Total Revenue Prior Year	6981187	TotalRevenuePriorYear
Total Revenue Current Year	6819235	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	6855665	OtherExpensePriorYear
Other Expenses Current Year	6676121	OtherExpensesCurrentYear
Total Expenses Prior Year	6855665	TotalExpensesPriorYear
Total Expenses Current Year	6676121	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	125522	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	143114	RevenuesLessExpensesCY
Total Assets BOY	1385880	TotalAssetsBOY
Total Assets EOY	2634470	TotalAssetsEOY
Total Liabilities BOY	1185788	TotalLiabilitiesBOY
Total Liabilities EOY	2291264	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	200092	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	343206	NetAssetsOrFundBalancesEOY
Mission Description	TO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	3429373	Expense
Revenue	334364	Revenue
Description	TO PROVIDE OUTSTANDING EDUCATIONAL SERVICES TO PALM BEACH COUNTY, FLORIDA AS A CHARTER SCHOOL. SERVE AN AVERAGE OF 630 STUDENTS IN GRADES K-8.	Description
Total Program Service Expense	3429373	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	4	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	SUSAN ONORI	NamePerson
Telephone Number	5615851189	TelephoneNumber

Address US AddressUS

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	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
CHRIS JOHNSON
CHAIRMAN	1.00	X	X	0	0	0
PENNY MARTIN-PICKETT
DIRECTOR	1.00	X		0	0	0
TOM SUTTERFIELD
DIRECTOR	1.00	X		0	0	0
LISA TALTY
DIRECTOR	1.00	X		0	0	0
JENNIFER WESER
DIRECTOR	1.00	X		0	0	0
ELIZABETH STEPHEN
DIRECTOR	1.00	X		0	0	0
JULIE KLAHR
BOARD ATTORN	1.00	X		0	0	0
ERIKA SINGLETARY
DIRECTOR	1.00	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	BOCA SPEECH CENTER	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	160 NORTHWEST 4TH STREET	AddressLine1
City	BOCA RATON	City
State	FL	State
ZIP Code	33432	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	SPEECH THERAPY	DescriptionOfServices
Compensation	112776	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Government Grants	6467813	GovernmentGrants
All Other Contributions	14500	AllOtherContributions
Total Contributions	6482313	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
BEFORE/AFTER CARE	187001	187001
SUMMER PROGRAM FEES	113038	113038
OTHER SCHOOL, COURSES, AND CL	19276	19276

Field	Value	IRS element (for citing)
Total Program Service Revenue	319315	TotalProgramServiceRevenue
Gross Income Fundraising Events	44142	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	41584	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	2558	TotalRevenueColumn
Exclusion	$2,558	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER LOCAL REVENUE	Description
Total Revenue Column	15049	TotalRevenueColumn
Related Or Exempt Function Income	15049	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	15049	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	6819235	TotalRevenueColumn
Related Or Exempt Function Income	334364	RelatedOrExemptFunctionIncome
Exclusion	$2,558	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	801948	Total
Program Services	114573	ProgramServices
Management And General	687375	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	14493	Total
Management And General	14493	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	17250	Total
Management And General	17250	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	82025	Total
Program Services	32045	ProgramServices
Management And General	49980	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	3279	Total
Management And General	3279	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	113375	Total
Program Services	72922	ProgramServices
Management And General	40453	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	10351	Total
Management And General	10351	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1544415	Total
Management And General	1544415	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	17865	Total
Program Services	12033	ProgramServices
Management And General	5832	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	9743	Total
Management And General	9743	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	64386	Total
Program Services	3008	ProgramServices
Management And General	61378	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	122824	Total
Management And General	122824	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
LEASED EMPLOYEES	3536093	3139978	396115
REPAIRS & MAINTENANCE	239859		239859
SOFTWARE	41600	41600
MISCELLANEOUS	30915	6080	24835

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	25700	Total
Program Services	7134	ProgramServices
Management And General	18566	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6676121	Total
Program Services	3429373	ProgramServices
Management And General	3246748	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	831476	BOY
EOY	911047	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	6451	BOY
EOY	7762	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	78259	BOY
EOY	85609	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1994074	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	405366	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	360818	BOY
EOY	1588708	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	108876	BOY
EOY	41344	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1385880	BOY
EOY	2634470	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	458077	BOY
EOY	452980	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	53118	BOY
EOY	43016	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	674593	BOY
EOY	1795268	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1185788	BOY
EOY	2291264	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-160725	BOY
EOY	-367113	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	360817	BOY
EOY	710319	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	200092	BOY
EOY	343206	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1385880	BOY
EOY	2634470	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	143114	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3775402	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4314357	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	6968023	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	6690880	CurrentTaxYearMinus1Year
Current Tax Year	6482313	CurrentTaxYear
Total	28230975	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	133215	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	112862	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	218171	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	234085	CurrentTaxYearMinus1Year
Current Tax Year	334364	CurrentTaxYear
Total	1032697	Total

Gross Receipts From Non UBI GrossReceiptsFromNonUBI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	17144	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	18061	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	31373	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	56222	CurrentTaxYearMinus1Year
Current Tax Year	44142	CurrentTaxYear
Total	166942	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3925761	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4445280	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7217567	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	6981187	CurrentTaxYearMinus1Year
Current Tax Year	6860819	CurrentTaxYear
Total	29430614	Total

Field	Value	IRS element (for citing)
Public Support Total509	29430614	PublicSupportTotal509

Other Income509 OtherIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	5862	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	7006	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	163620	CurrentTaxYearMinus2Years
Total	176488	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3931623	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4452286	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7381187	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	6981187	CurrentTaxYearMinus1Year
Current Tax Year	6860819	CurrentTaxYear
Total	29607102	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99400	PublicSupportPercentage509
Prior Year Support Percentage	0.99400	PriorYearSupportPercentage
Investment Income Percentage	0.00000	InvestmentIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

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)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1259432	OtherCostOrOtherBasis
Book Value	1259432	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	734642	OtherCostOrOtherBasis
Depreciation	405366	Depreciation
Book Value	329276	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1588708	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
NOTE PAYABLE	$878,389
ACCRUED RENT EXPENSE	$765,306
DUE TO IMAGINE CORPORATE	$111,851
DUE TO CHARTERHOLDER	$37,979
DUE TO LOCAL SCHOOL DISTRICT	$1,743

Field	Value	IRS element (for citing)
Total Of Amounts	1795268	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	6846319	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	6846319	RevenueSubtotal
Other Revenues Not Included	-27084	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-27084	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	6819235	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6700469	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	6700469	ExpensesSubtotal
Other Expenses Not Included	-24348	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	-24348	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	6676121	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 4B	CHARTER HOLDER 14,500 FUNDRAISING -41,584
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	CHARTER HOLDER 17,236 FUNDRAISING -41,584

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	FUNDRAISING ACT	NameOfEvent1
Gross Receipts Event1	44142	GrossReceiptsEvent1
Gross Revenue Event1	44142	GrossRevenueEvent1
Other Direct Expenses Event1	41584	OtherDirectExpensesEvent1
Gross Receipts Total	44142	GrossReceiptsTotal
Gross Revenue Total Events	44142	GrossRevenueTotalEvents
Other Direct Expenses Total Events	41584	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	41584	DirectExpenseSummaryEvents
Net Income Summary	2558	NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
MANAGEMENT DELEGATED	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.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	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.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	CHARTER HOLDER -14,500 FUNDRAISING 41,584 CHARTER HOLDER 17,236 FUNDRAISING -41,584
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	CHANGE IN CHARTERHOLDER BALANCE 2,736 THIS REPRESENTS THE NET CHANGE IN THE CHARTERHOLDER BANK ACCOUNT.

LEARNING EXCELLENCE FOUNDATION OF SOUTH PALM BEACH INC: Form 990, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Address Of Contractor AddressOfContractor

Address US AddressUS

Program Service Revenue ProgramServiceRevenue (3 entries)

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Fees For Services Management FeesForServicesManagement

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Advertising Advertising

Office Expenses OfficeExpenses

Information Technology InformationTechnology

Occupancy Occupancy

Travel Travel

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Accounts Receivable AccountsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FS Audited Basis FSAuditedBasis

Schedule A IRS990ScheduleA

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Gross Receipts From Non UBI GrossReceiptsFromNonUBI

Total509 Total509

Other Income509 OtherIncome509

Total Support Total TotalSupportTotal

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Other Liabilities OtherLiabilities (5 entries)

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

Schedule G IRS990ScheduleG

Events Information EventsInformation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

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