SARASOTA SCHOOL OF ARTS AND SCIENCE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SARASOTA SCHOOL OF ARTS AND SCIENCE INC (EIN 65-0745152)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-14
- IRS object ID
- 201310459349300216
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-02-14T13:32:11-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591954606 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAVANAUGH & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2381 FRUITVILLE ROAD | AddressLine1 |
| City | SARASOTA | City |
| State | FL | State |
| ZIP Code | 34237 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 650745152 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SARASOTA SCHOOL OF ARTS AND SCIENCES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SARA | NameControl |
| Phone | 9413301855 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 645 CENTRAL AVENUE | AddressLine1 |
| City | SARASOTA | City |
| State | FL | State |
| ZIP Code | 34236 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HEATHER STAINE | Name |
| Title | PRESIDENT | Title |
| Phone | 9413301855 | Phone |
| Date Signed | 2013-02-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL R PENDER | Name |
| PTIN | P00850742 | PTIN |
| Phone | 9413662983 | Phone |
| Date Prepared | 2013-02-12 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HEATHER STAINE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 645 CENTRAL AVENUE | AddressLine1 |
| City | SARASOTA | City |
| State | FL | State |
| ZIP Code | 34236 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6007515 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SSAS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1997 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE A SMALL, INTIMATE ENVIRONMENT OF ACADEMIC EXCELLENCE AND ENRICHMENT, UTILIZING COMMUNITY PARTNERSHIPS AND TRADITIONAL AND INNOVATIVE TEACHING METHODS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 62 | TotalNbrEmployees |
| Total Nbr Volunteers | 500 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 80142 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 63510 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5774671 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5822127 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 22898 | InvestmentIncomePriorYear |
| Investment Income Current Year | -3387513 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 36594 | OtherRevenuePriorYear |
| Other Revenue Current Year | 42423 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5914305 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2540547 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3634907 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3449095 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2403006 | OtherExpensePriorYear |
| Other Expenses Current Year | 2244744 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6037913 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5693839 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -123608 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3153292 | RevenuesLessExpensesCY |
| Total Assets BOY | 14538025 | TotalAssetsBOY |
| Total Assets EOY | 11282382 | TotalAssetsEOY |
| Total Liabilities BOY | 11647392 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11560654 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2890633 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -278272 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE A SMALL, INTIMATE ENVIRONMENT OF ACADEMIC EXCELLENCE AND ENRICHMENT, UTILIZING COMMUNITY PARTNERSHIPS AND TRADITIONAL AND INNOVATIVE TEACHING METHODS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3484167 | Expense |
| Revenue | 2434614 | Revenue |
| Description | TO PROVIDE LIFELONG LEARNING SKILLS, USING THE EDUCATIONAL PHILOSOPHY OF THE HOLISTIC APPROACH TO THE "WHOLE" CHILD, SO THAT OUR STUDENTS WILL BE ABLE TO RELATE SAID LEARNING IN ALL OF THE DEVELOPMENTAL DOMAINS TO WHATEVER OCCUPATION THEY CHOOSE AND SUBSEQUENTLY GIVE BACK TO THE COMMUNITY AT LARGE. TO EDUCATE EVERY CHILD VIA THE INTERDISCIPLINARY, MULTICULTURAL CURRICULUM. | Description |
| Total Program Service Expense | 3484167 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 37 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 62 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL R PENDER JR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9413662983 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2381 FRUITVILLE ROAD | AddressLine1 |
| City | SARASOTA | City |
| State | FL | State |
| ZIP Code | 34237 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| TANYA JONES | ||||||
| PTSS - PARENT REPRESENTATI | 2.00 | X | 0 | 0 | 0 | |
| MICKEY STONE | ||||||
| BOARD - TEACHER REP | 40.00 | X | 47874 | 0 | 8544 | |
| JAMES MCKELLY | ||||||
| MEMBER AT LARGE | 2.00 | X | 0 | 0 | 0 | |
| DR RAY THACKER | ||||||
| MEMBER AT LARGE | 2.00 | X | 0 | 0 | 0 | |
| DAVID JENNINGS | ||||||
| MEMBER AT LARGE | 2.00 | X | 0 | 0 | 0 | |
| STEPHEN RUGGERIO | ||||||
| PTSS-PARENT REPRESENTATIVE | 2.00 | X | 0 | 0 | 0 | |
| LAURENCE EGER | ||||||
| PRESIDENT | 2.00 | X | 0 | 0 | 0 | X |
| TERRY MCGANNON | ||||||
| VICE PRESIDENT | 2.00 | X | 0 | 0 | 0 | X |
| MATT WENZEL | ||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | X |
| HEATHER ZANGARA STAINE | ||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | X |
| DR MARILYN HIGHLAND | ||||||
| SCHOOL ADMINISTRATION | 40.00 | 132425 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 180299 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 8544 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MG3 DEVELOPER GROUP | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1915 HARRISON STREET | AddressLine1 |
| City | HOLLYWOOD | City |
| State | FL | State |
| ZIP Code | 33020 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | GENERAL CONTRACTOR | DescriptionOfServices |
| Compensation | 2842072 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 63510 | AllOtherContributions |
| Total Contributions | 63510 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| EDUCATION SERVICES | 611600 | 5763690 | 5763690 |
| STUDENT FIELD TRIPS | 900099 | 58437 | 58437 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5822127 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15215 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15215 | RelatedOrExemptFunctionIncome |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 3402728 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -3402728 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3402728 | TotalRevenueColumn |
| Related Or Exempt Function Income | -3402728 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 106663 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 64240 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 42423 | TotalRevenueColumn |
| Exclusion | $42,423 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2540547 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2434614 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $42,423 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 146582 | Total |
| Program Services | 115736 | ProgramServices |
| Management And General | 30846 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2704316 | Total |
| Program Services | 2103804 | ProgramServices |
| Management And General | 600512 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122588 | Total |
| Program Services | 96934 | ProgramServices |
| Management And General | 25654 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280224 | Total |
| Program Services | 225801 | ProgramServices |
| Management And General | 54423 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195385 | Total |
| Program Services | 154930 | ProgramServices |
| Management And General | 40455 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28242 | Total |
| Management And General | 28242 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179903 | Total |
| Program Services | 125545 | ProgramServices |
| Management And General | 54358 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67930 | Total |
| Management And General | 67930 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1188 | Total |
| Program Services | 1188 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 449332 | Total |
| Program Services | 2925 | ProgramServices |
| Management And General | 446407 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2523 | Total |
| Program Services | 2484 | ProgramServices |
| Management And General | 39 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6403 | Total |
| Program Services | 6403 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 710085 | Total |
| Management And General | 710085 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370896 | Total |
| Program Services | 265233 | ProgramServices |
| Management And General | 105663 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| INSTRUCTION SUPPLIES | 130284 | 130284 |
| STUDENT TRANSPORT EXPEN | 98463 | 98463 |
| INSTRUCTION MEDIA | 92172 | 92172 |
| FIELD TRIP EXPENSES | 59435 | 59435 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47888 | Total |
| Program Services | 2830 | ProgramServices |
| Management And General | 45058 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5693839 | Total |
| Program Services | 3484167 | ProgramServices |
| Management And General | 2209672 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 314 | BOY |
| EOY | 250 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5270109 | BOY |
| EOY | 2801718 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 230432 | BOY |
| EOY | 86374 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78390 | BOY |
| EOY | 78692 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7909121 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1048397 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4711676 | BOY |
| EOY | 6860724 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 46 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4247104 | BOY |
| EOY | 1454578 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14538025 | BOY |
| EOY | 11282382 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 524417 | BOY |
| EOY | 553738 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11010350 | BOY |
| EOY | 10766372 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 125000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62128 | BOY |
| EOY | 70846 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50497 | BOY |
| EOY | 44698 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11647392 | BOY |
| EOY | 11560654 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1201262 | BOY |
| EOY | 1103412 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1689371 | BOY |
| EOY | -1381684 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2890633 | BOY |
| EOY | -278272 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14538025 | BOY |
| EOY | 11282382 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3153292 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -15613 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 77625 | OtherCostOrOtherBasis |
| Book Value | 77625 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6352925 | OtherCostOrOtherBasis |
| Depreciation | 191122 | Depreciation |
| Book Value | 6161803 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2683 | OtherCostOrOtherBasis |
| Depreciation | 446 | Depreciation |
| Book Value | 2237 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1475888 | OtherCostOrOtherBasis |
| Depreciation | 856829 | Depreciation |
| Book Value | 619059 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6860724 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEPOSITS | 22745 |
| BOND COSTS | 437736 |
| UNAMORTIZED BOND COSTS | -29182 |
| CONSTRUCTION IN PROGRESS | 1023279 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1454578 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CAPITAL LEASES - COMPUTERS, COPIERS & EQUIP | Description |
| Amount | $44,698 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 44698 | TotalOfAmounts |
| Total Revenue | 2540547 | TotalRevenue |
| Total Expenses | 5693839 | TotalExpenses |
| Excess Or Deficit For Year | -3153292 | ExcessOrDeficitForYear |
| Other | -$15,613 | OtherAmount |
| Total Adjustments | -15613 | TotalAdjustments |
| Excess Or Deficit Per FS | -3168905 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5884838 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 5884838 | RevenueSubtotal |
| Other Revenues Not Included | -3344291 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -3344291 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2540547 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9053743 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 3418341 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 3418341 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5635402 | ExpensesSubtotal |
| Other Expenses Not Included | 58437 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 58437 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5693839 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | NO STATEMENT OF UNCERTAIN TAX POSITIONS UNDER FIN 48 CONTAINED IN AUDITED FINANCIAL STATEMENTS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | AMORTIZATION OF BOND COSTS -15,613. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FEES - FIELD TRIPS 58,437. LOSS DUE TO DEMOLITION OF OLD SCHOOL BUILDING -3,402,728. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | LOSS DUE TO DEMOLITION OF OLD SCHOOL BUILDING 3,402,728. AMORTIZATION OF BOND COSTS 15,613. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FEES - FIELD TRIPS 58,437. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | SARASOTA SCHOOL OF ARTS AND SCIENCES IS A PUBLIC CHARTER SCHOOL, WE FOLLOW THE SAME GUIDELINES AS OUR SPONSOR, THE SCHOOL BOARD OF SARASOTA COUNTY, PER OUR CHARTER CONTRACT EFFECTIVE JULY 1, 2003 ENDING JUNE 30, 2013 |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | ALL REVENUE/FUNDING FILTERS THROUGH THE SCHOOL BOARD OF SARASOTA COUNTY FROM THE FLORIDA EDUCATION FINANCE PROGRAM (FEFP) |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | VARIOUS EVENTS HELD THROUGHOUT YEAR | NameOfEvent1 |
| Gross Receipts Event1 | 106663 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 106663 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 64240 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 106663 | GrossReceiptsTotal |
| Gross Revenue Total Events | 106663 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 64240 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 64240 | DirectExpenseSummaryEvents |
| Net Income Summary | 42423 | NetIncomeSummary |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| SARASOTA COUNTY FLORIDA | |||||||
| 596000848 | 80329WAA3 | 2010-06-28 | 1000000 | EDUCATIONAL FACILITIES REVENUE BONDS - SARASOTA SCHOOL OF ARTS AND SCIENCES | 0 | 0 | 0 |
| SARASOTA COUNTY FLORIDA | |||||||
| 596000848 | 80329WAB1 | 2010-06-28 | 3505000 | EDUCATIONAL FACILITIES REVENUE BONDS - SARASOTA SCHOOL OF ARTS AND SCIENCES | 0 | 0 | 0 |
| SARASOTA COUNTY FLORIDA | |||||||
| 596000848 | 08329WAC9 | 2010-06-28 | 6535000 | EDUCATIONAL FACILITIES REVENUE BONDS - SARASOTA SCHOOL OF ARTS AND SCIENCES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|
| 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K SUPPLENTAL INFORMATION | Identifier |
| Explanation | TOTAL OF $11,040,000 SARASOTA COUNTY FLORIDA EDUCATIONAL FACILITIES REVENUE BONDS SERIES 2010 DATED 6/28/10 WILL BE PAID OFF 7/1/2040 (30 YEARS OR 360 MONTHS) | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MATTHEW WENZEL | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TREASURER | Relationship |
| Amount Of Transaction | 118175 | AmountOfTransaction |
| Description Of Transaction | MR. WENZEL IS THE VICE PRESIDENT OF WENZEL ELECTRIC. WENZEL ELECTRIC, INC WAS PAID FOR MONITORING ORGANIZATION'S SECURITY AND MAINTAINING SECURITY CAMERAS. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | HEATHER STAINE, PRESIDENT OF THE BOARD, APPROVES THE FINAL DRAFT OF THE RETURN. DRAFT IS REVIEWED AT BOARD MEETING FOR ACCURACY AND POTENTIAL REVISIONS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | YES, EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSONS HAS RECEIVED A COPY, UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST AND ON THE AUDITOR GENERAL'S WEBSITE FOR THE STATE OF FLORIDA | |
| FORM 990, PART XI, LINE 5: | AMORTIZATION OF BOND COSTS -15,613. TOTAL TO FORM 990, PART XI, LINE 5: -15,613. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | |
| FORM 990, PART VIII, LINE 7B | THE SCHOOL REPORTED A LOSS OF $3,402,728 FOR THE DEMOLITION OF THE OLD SCHOOL BUILDING AND DISPOSAL OF VARIOUS CAPITAL ASSETS. |
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