2013-03-06T07:48:01-06:00 2012-06-30 593023516 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2011-07-01 061667879 LAKE WALES CHARTER SCHOOLS INC LAKE 8636796560 130 E CENTRAL AVENUE LAKE WALES FL 33853 MR BRIAN FISHER 8636796560 2013-03-06 1 KURT R KUEHNHACKL P01407673 4079989000 2011 2016-02-25 16:41:14Z BRIAN FISHER 130 E CENTRAL AVE LAKE WALES FL 33853 29206337 0 X N/A X 2002 FL PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS. 7 7 568 350 0 0 3978486 5533511 24243706 23468829 15746 23014 2086845 180983 30324783 29206337 0 0 0 0 21360709 21291701 0 0 0 7787841 9432642 29148550 30724343 1176233 -1518006 11537961 11526047 6467610 7973702 5070351 3552345 TO BRING THE BEST OF PUBLIC EDUCATION TO OUR COMMUNITY BY PROVIDING INNOVATION AND CHOICE WITHIN A CONTINUOUS PRE-SCHOOL THROUGH POST SECONDARY CURRICULUM SO THAT EACH CHILD RECOGNIZES THE BENEFITS OF LIFE-LONG LEARNING, CONSTRUCTIVE CITIZENSHIP AND PERSONAL HAPPINESS. 0 0 26511047 23649812 THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN AVERAGE OF 3,813 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2012. 26511047 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 64 0 1 568 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X BRIAN FISHER 8636796560 130 E CENTRAL AVE LAKE WALES FL 33853 DANNY GILL 2.00 X 0 0 0 TERRY FASEL 2.00 X 0 0 0 DAVID ULLMAN 10.00 X 0 0 0 BETTY WOJCIK 2.00 X 0 0 0 PAT CAIN 2.00 X 0 0 0 CANDICE STEPP 2.00 X 0 0 0 KEITH WADSWORTH 2.00 X 0 0 0 CASSANDRA DENMARK 5.00 X 0 0 0 BRIAN FISHER 40.00 X 102750 0 21095 DONNA DUNSON 40.00 X 103883 0 21321 JESSE JACKSON 40.00 X 126382 0 22969 333015 0 65385 3 0 0 0 EAST SERVICE CLEANING INC PO BOX 1112 LAKELAND FL 33802 CLEANING 263738 E&A CLEANING 529 WEST BRANNEN ROAD LAKELAND FL 33813 CLEANING 243280 OUR CHILDRENS REHAB CENTER 150 AVE B SE WINTER HAVEN FL 33880 REHABILITATION 190101 PATTON TIRE 1370 N SCENIC HWY LAKE WALES FL 33853 MECHANIC SERVICES 128309 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 AUDIT & ACCOUNTING SERVICES 123592 5 1805871 3388051 339589 5533511 PER PUPIL FEES 900099 22068495 22068495 STUDENT ACTIVITIES 900099 1013180 1013180 PRE-K FEES 900099 301286 301286 TRANSPORTATION 900099 85868 85868 23468829 23014 23014 MISCELLANEOUS REVENUE 900099 180983 180983 180983 29206337 23649812 0 23014 123846 61923 61923 16569276 14083885 2485391 744986 633238 111748 2613322 2221324 391998 1240271 1054230 186041 39368 33463 5905 123592 105053 18539 922549 784167 138382 831311 706614 124697 118807 100986 17821 322389 274031 48358 819286 779765 39521 384764 327049 57715 EQUIPMENT RENTAL & MAIN 1766673 1766673 PROFESSIONAL SERVICES 1316813 1119291 197522 CATERING EXPENSES 1225194 1041415 183779 OTHER EXPENSES 645573 548737 96836 916323 869203 47120 30724343 26511047 4213296 0 5238923 4179655 848620 468673 293905 293969 10344554 3760804 5156513 6583750 11537961 11526047 1445644 1362517 5592 9908 4354364 5879863 662010 721414 6467610 7973702 X 0 0 0 0 5070351 3552345 5070351 3552345 11537961 11526047 -1518006 0 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707882 707882 4406080 538780 3867300 3723270 2989883 733387 1507322 232141 1275181 6583750 COMPENSATED ABSENCE PAYABLE 721414 721414 29206337 30724343 -1518006 -1518006 29351220 144883 144883 29206337 0 29206337 30869226 144883 144883 30724343 0 30724343 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY 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 COMPANY 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 COMPANY 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 COMPANY 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 COMPANY 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. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 144,883. PART XIII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEE 144,883. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPERS, GROUP PRESENTATIONS, AND DIRECT MAILINGS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM AND CAPITAL OUTLAY PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. THE ORGANIZATION RECEIVES FEDERAL AWARDS FOR THE ENHANCEMENT OF VARIOUS EDUCATIONAL PROGRAMS. THIS ASSISTANCE IS GENERALLY RECEIVED BASED ON APPLICATIONS SUBMITTED TO AND APPROVED BY VARIOUS GRANTING AGENCIES. FOR FEDERAL AWARDS IN WHICH A CLAIM TO THESE GRANT PROCEEDS IS BASED ON INCURRING ELIGIBLE EXPENDITURES, REVENUE IS RECOGNIZED TO THE EXTENT THAT ELIGIBLE EXPENDITURES HAVE BEEN INCURRED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE CFO OF THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE MONTHLY CHARTER BOARD MEETINGS, EACH MEMBER IS REQUIRED TO MAKE KNOWN ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND EMPLOYMENT CONTRACTS ARE NEGOTIATED WITH THE BOARD OF TRUSTEES. AS GUIDANCE, THE ORGANIZATION HAS USED COMPARABLE DATA FROM ITS CHARTER SPONSOR IN DETERMINING COMPENSATION FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE ORGANIZATIONS WEBSITE AND AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND CONTAINED IN THE EMPLOYEE HANDBOOK AND BOARD APPROVED RESOLUTION. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE BOARD MINUTES ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 1 THE ORGANIZATION USES THE MODIFIED ACCRUAL METHOD OF ACCOUNTING. LAKE WALES CHARTER SCHOOL FOUNDATION INC 130 E CENTRAL AVE LAKE WALES FL 33853 113735254 SUPPORTING THE LAKE WALES CHARTER SCHOOLS, INC. FL 501(C)(3) 509(A)(3) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE WALES CHARTER SCHOOLS FOUNDATION INC C 1805871 CASH