2025-03-06T13:43:29+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 540799130 Broadwater Academy BROA 7574429041 PO BOX 546 EXMORE VA 22350 Steven M Belote Chief Financial Officer 7574429041 2025-03-06 true true Amy Bibby P00445891 8282542254 2025-03-06 2023 2025-03-06 01:10:19Z STEVEN M BELOTE PO BOX 546 EXMORE VA 22350 4472504 false X WWW.BROADWATERACADEMY.ORG X 1965 VA BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. 15 15 89 69 0 0 495488 1181561 3503956 3212266 1925 6929 0 37551 4001369 4438307 0 0 0 0 2950972 3126501 0 0 137630 1312093 1320974 4263065 4447475 -261696 -9168 4710472 5094803 4045650 4434443 664822 660360 BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. false false 3076179 3212266 EDUCATIONAL INSTRUCTION AND SERVICES PROVIDED TO APPROXIMATELY 292 STUDENTS. SERVICES INCLUDE BUS TRANSPORTATION, ATHLETICS AND OTHER EXTRACURRICULAR ACTIVITES. 270467 TUITION GRANTS AND FINANCIAL AID CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO, APPROXIMATELY 157 DIRECTLY EACH YEAR. 3346646 true true false false false false false false false true false false false true true false true true false false false false false true false false false false true false false false false false false false false false false false false false true true true false false true 11 0 true 89 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true false false true false false VA X THE ORGANIZATION 7574429041 PO BOX 546 EXMORE VA 22350 CHRIS WILLIS Chair 4.0 1.0 X X 0 0 0 Daniel Hooper Treasurer 4.0 1.0 X X 0 0 0 HOLLY BUNDICK Secretary 4.0 1.0 X X 0 0 0 JON WEHNER Vice Chair 4.0 1.0 X X 0 0 0 Ann Arseniu Gallivan Director 1.0 1.0 X 0 0 0 Annette Brickhouse DIRECTOR 1.0 1.0 X 0 0 0 Blake Johnson Director 1.0 1.0 X 0 0 0 Brent Anderson DIRECTOR 1.0 1.0 X 0 0 0 Clint Crouse DIRECTOR 1.0 1.0 X 0 0 0 Jim Schaeffer DIRECTOR 1.0 1.0 X 0 0 0 JP Binard DIRECTOR 1.0 1.0 X 0 0 0 Kristy Hickman Director 1.0 1.0 X 0 0 0 Martha Sutherland DIRECTOR 1.0 1.0 X 0 0 0 Pete Duer DIRECTOR 1.0 1.0 X 0 0 0 Sierra Knight-Magee DIRECTOR 1.0 1.0 X 0 0 0 Spencer Shelley DIRECTOR 1.0 1.0 X 0 0 0 Will Russell DIRECTOR 1.0 1.0 X 0 0 0 BARBARA PARKER ASSISTANT HEAD OF SCHOOL 50.0 1.0 X 77000 0 4072 FRANCIS RYAN HEAD OF SCHOOL 50.0 1.0 X 166012 0 33412 STEVEN M BELOTE CFO 50.0 5.0 X 79052 0 4104 322064 0 41588 1 false true false 0 57935 54355 648446 420825 1181561 Net Tuition and Fees 611110 2859840 2859840 Other Student Fees 611110 352426 352426 0 0 0 0 3212266 372 372 0 0 6557 0 6557 6557 6557 71748 57935 34197 37551 37551 0 0 0 0 0 4438307 3212266 0 44480 368908 159959 160486 48463 2374022 2040648 318041 15333 182445 155078 24326 3041 201126 170957 26817 3352 7332 7332 121092 121092 543 543 72215 0 72215 0 41365 24187 17178 50088 30523 6679 12886 52385 52385 261471 232632 26313 2526 54027 54027 274622 261320 10295 3007 58172 58172 Other Program Costs 222769 190925 31844 Development/Instruction Costs 52219 52219 Bad Debts 48535 48535 Licenses and Taxes 4139 4139 0 0 0 0 4447475 3346646 963199 137630 518393 575694 74915 77829 4756 648446 1819788 1837912 0 0 0 0 32954 24579 7173438 5319303 2033096 1854135 0 0 226570 76208 4710472 5094803 246772 249527 2740929 2984644 0 0 356336 288530 701613 911742 4045650 4434443 318885 325875 345937 334485 664822 660360 4710472 5094803 X -9168 4706 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153098 153098 5583454 4230576 1352878 1353122 1025259 327863 83764 63468 20296 1854135 Due to Broadwater Academy Foundation 859771 Operating Lease Liability 51971 911742 X 4476667 38903 38903 4437764 543 0 543 4438307 4481129 34197 34197 4446932 543 0 543 4447475 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE COMMONWEALTH OF VIRGINIA AND THEREFORE HAS MADE NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Split Interest Agreement - 4706 Special Event Expenses - 34197 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special Event Expenses - 34197 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY ADS IN THE LOCAL NEWSPAPER, BROCHURES AND OTHER LITERATURE COMMUNICATE THAT BROADWATER ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE WISHING TO ATTEND THE SCHOOL. Annual Gala and Auction 119723 52350 67373 18026 2500 12027 Annual Oyster Roast 9960 5585 4375 1464 180 0 129683 57935 71748 19490 2500 12207 34197 37551 X false false false false false false false false false FRANCIS RYAN HEAD OF SCHOOL 166012 0 0 0 0 0 8301 0 25111 0 199424 0 0 0 Schedule J, Part I, Line 3 IT IS THE DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO, AND EMPLOYEES OF THE SCHOOL Form 990, Part VI, Line 18 GOVERNING DOCUMENTS DISCLOSURE EXPLAIN GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST Form 990, Part VI, Line 11b Review of form 990 by governing body FINANCE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE TAX RETURN BEFORE FILING Form 990, Part VI, Line 12c Conflict of interest policy EACH DIRECTOR OR PRINCIPAL OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON 1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY 2) HAS READ AND UNDERSTANDS THE POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY 4) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE IF ITS TAX-EXEMPT PURPOSES. THE POLICY INCLUDES PROCEDURES THAT INVOLVE 1) A DUTY TO DISCLOSE 2) DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND 4) ADDITIONAL STEPS IF VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY EXIST Form 990, Part VI, Line 15a Process to establish compensation of top management official IT IS THE DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO, AND EMPLOYEES OF THE SCHOOL Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS DISCLOSURE EXPLAIN GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreement - 4706; Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BROADWATER ACADEMY FOUNDATION PO BOX 546 EXMORE VA 23350 455245398 TO RAISE, MANAGE, & DISTRIBUTE FUNDS FOR BROADWATER ACADEMY VA 501(c)(3) Type I BROADWATER ACADEMY true false false true false false false false false false false false false false false false false false false false Broadwater Academy Foundation C 54355 CASH