2026-02-18T08:29:25-06:00 2025-06-30 593023516 BKHM PA 1900 SUMMIT TOWER BLVD STE 170 ORLANDO FL 32810 990 2024-07-01 450468799 MINNEOLA CHARTER SCHOOLS INC MINN 3523942600 320 EAST PEARL STREET MINNEOLA FL 34715 CPT MICHAEL BOND BOARD CHAIRMAN 3523942600 2026-02-18 1 0 ROBERTO RAMOS P02428054 4079989000 2024 2025-03-06 01:10:19Z CPT MICHAEL BOND 320 EAST PEARL STREET MINNEOLA FL 34715 16870560 0 X HTTP://LAKE.K12.FL.US/MOE X 2002 FL PROVIDE A NURTURING, SUPPORTIVE, AND LEARNING ENVIRONMENT SO STUDENTS CAN REACH THEIR FULL POTENTIAL. 5 5 229 140 0 0 1027040 300401 16136161 16456571 20485 15641 66093 97947 17249779 16870560 0 0 0 0 12247614 14281201 0 0 0 1160852 3731478 13408466 18012679 3841313 -1142119 18938838 19056642 9784953 11044876 9153885 8011766 TO PROVIDE AN EXCEPTIONAL EDUCATIONAL PROGRAM COMMITTED TO PRODUCING A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE, AND DRIVE, WHILE ALSO ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS. 0 0 14881689 16554518 THE CHARTER SCHOOL PROVIDES AN EDUCATION PROGRAM TO STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH FIFTH. THE SCHOOL HAS IMPLEMENTED A CURRICULUM WITH STRATEGIC OBJECTIVES DESIGNED TO MEET OR EXCEED THE STANDARDS SET BY OTHER COMPARABLE STUDENT POPULATIONS. A TOTAL OF 1,787 STUDENTS WERE SERVED DURING THE FISCAL YEAR ENDED JUNE 30, 2025. 14881689 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 229 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARISOL VELA 3523942600 320 EAST PEARL STREET MINNEOLA FL 34715 CPT RON PATTON VICE-CHAIRMAN 1.00 X X 0 0 0 DAVID HOSMAN BOARD MEMBER 1.00 X 0 0 0 CPT MICHAEL BOND BOARD CHAIRMAN 1.00 X X 0 0 0 BARBARA SUSAN SALAZAR BOARD TREASURER 1.00 X X 0 0 0 JOHN SCHMID BOARD SECRETARY 1.00 X X 0 0 0 LT RON PATTON BOARD MEMBER 1.00 X 0 0 0 SHERRY WATTS PRINCIPAL 50.00 X 155400 0 0 KIM DISON ASSISTANT PRINCIPAL 50.00 X 134535 0 0 289935 0 0 2 0 1 0 0 300401 300401 PER PUPIL FEES 900099 15266754 15266754 INTERNAL ACCOUNT RECEIPTS 900099 643610 643610 EXTENDED LEARNING CENTER 900099 546207 546207 16456571 15641 15641 MISCELLANEOUS REVENUE 900099 97947 97947 97947 16870560 16554518 0 15641 289936 144968 144968 9319534 7642018 1677516 2410289 1976437 433852 1559139 1278494 280645 702303 575888 126415 31400 25748 5652 251035 205849 45186 35333 28973 6360 160938 131969 28969 77291 63379 13912 701916 575571 126345 169809 139243 30566 MISCELLANEOUS EXPENSES 694565 569543 125022 OTHER PURCHASED SERVICE 359813 359813 ENERGY SERVICES 355588 355588 REPAIRS & MAINTENANCE 298298 298298 595492 509910 85582 18012679 14881689 3130990 0 677520 1115270 2241019 2907034 407844 12821 166179 11479188 3156319 8886598 8322869 6559678 6698648 18938838 19056642 1051649 928045 8733304 10116831 9784953 11044876 X 8610061 7616349 543824 395417 9153885 8011766 18938838 19056642 -1142119 0 X 0 1 X 1 1 1 X 1324208 1324208 8034385 1558817 6475568 153757 85085 68672 911775 776747 135028 1055063 735670 319393 8322869 FRS DEFERRED OUTFLOWS 4669805 HIS DEFERRED OUTFLOWS 2028843 6698648 DUE TO DISTRICT 19897 COMPENSATED ABSENCES 752875 FRS PENSION LIABILITY 5357512 HIS PENSION LIABILITY 3131221 HIS DEFERRED INFLOWS 377840 FRS DEFERRED INFLOWS 356088 ACCRUED RETIREMENT 121398 10116831 X 16966487 95927 95927 16870560 0 16870560 18108606 95927 95927 18012679 0 18012679 PART X, LINE 2: THE SCHOOL IS AN ORGANIZATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION THAT AN ENTITY TAKES OR EXPECTS TO TAKE IN A TAX RETURN. THIS GUIDANCE IS APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS THAT MAY BE CONDUCTING UNRELATED BUSINESS ACTIVITIES, WHICH ARE POTENTIALLY SUBJECT TO INCOME TAXES, INCLUDING STATE INCOME TAXES. THE SCHOOL ASSESSES ITS INCOME TAX POSITIONS, INCLUDING ITS CONTINUING TAX STATUS AS A NOT-FOR-PROFIT ENTITY, AND RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE SCHOOL BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON AN EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR THE APPLICABLE STATE TAXING AUTHORITY. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THE SCHOOL'S FINANCIAL STATEMENTS, AS THE SCHOOL BELIEVES ALL TAX POSITIONS, INCLUDING ITS CONTINUING STATUS AS A NOT-FOR-PROFIT ENTITY, HAVE A GREATER THAN 50% CHANCE OF REALIZATION IN THE EVENT OF AN IRS AUDIT. STATE INCOME TAXES, WHICH MAY BE DUE IN CERTAIN JURISDICTIONS, HAVE BEEN ASSESSED FOLLOWING THE SAME "MORE LIKELY THAN NOT" MEASUREMENT THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMINISTRATIVE FEES 95,927. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMINISTRATIVE FEES 95,927. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES, WEBSITES AND/OR VIDEOS. SCHEDULE E, PART I, LINE 6 REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. REVENUES ARE RECEIVED FROM THE EARLY LEARNING COALITION OF LAKE COUNTY THROUGH THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM, ADMINISTERED BY THE OFFICE OF EARLY LEARNING UNDER THE FLORIDA DEPARTMENT OF EDUCATION. A SEPARATE BASE STUDENT ALLOCATION PER FULL-TIME EQUIVALENT STUDENT IN THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM SHALL BE PROVIDED IN THE GENERAL APPROPRIATIONS ACT, TOTALING $101,953 FOR MINNEOLA CHARTER SCHOOL FOR THE 2024-2025 SCHOOL YEAR. 0 0 0 0 0 0 0 0 0 SHERRY WATTS PRINCIPAL 155400 0 0 0 0 0 0 0 0 0 155400 0 0 0 FORM 990, PART I, LINE 5 THE RELATIONSHIP BETWEEN THE MINNEOLA ELEMENTARY SCHOOL AND THE LAKE COUNTY SCHOOL DISTRICT REQUIRES THE EMPLOYEES WORKING AT THE SCHOOL TECHNICALLY BE EMPLOYEES OF THE SCHOOL DISTRICT. AS SUCH, ALL PAYROLL AND PAYROLL RELATED COSTS ARE PROCESSED AND PAID BY THE SCHOOL DISTRICT. THESE EXPENSES ARE THEN REIMBURSED BY THE SCHOOL TO THE SCHOOL DISTRICT ON A DOLLAR FOR DOLLAR BASIS. REIMBURSEMENTS PAID TO THE LAKE COUNTY SCHOOL DISTRICT FOR PAYROLL AND RELATED BENEFITS TOTALED $14,281,200.00 FOR THE YEAR. THERE ARE APPROXIMATELY 160 EMPLOYEES OF THE LAKE COUNTY SCHOOL DISTRICT WORKING AT THE MINNEOLA ELEMENTARY SCHOOL. AS SUCH, THESE EMPLOYEES DID NOT RECEIVE FORM W-2. THE NUMBER OF EMPLOYEES DIRECTLY HIRED BY MINNEOLA ELEMENTARY SCHOOL, FOR STUDENT TRANSPORTATION SERVICES, WAS 44 DURING THE 2025 CALENDAR YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WAS PROVIDED A COPY OF FORM 990 FOR THEIR DETAIL REVIEW PRIOR TO FILING. THE PRINCIPAL, ASSISTANT DIRECTOR OF FINANCE, AND THE CHARTER BOARD OF DIRECTORS REVIEW THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A STATE OF FLORIDA FORM (FORM 8B MEMORANDUM OF VOTING CONFLICT) WHEN A CONFLICT OF INTEREST IS BROUGHT UP AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF ALL EMPLOYEES ARE SET BY THE SCHOOL BOARD OF LAKE COUNTY, AND ANY CHANGE IN COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE SCHOOL BOARD OF LAKE COUNTY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.