BROADWATER ACADEMY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: BROADWATER ACADEMY (EIN 54-0799130)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2013-11-11
IRS object ID: 201343169349300009
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 E
Schedule G
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-11T09:35:35-06:00	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	LEATHERBURY & BROACHE & CO PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	23307 COURTHOUSE AVE	AddressLine1
City	ACCOMAC	City
State	VA	State
ZIP Code	23301	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	540799130	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	BROA	NameControl
Phone	7574429041	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 546	AddressLine1
City	EXMORE	City
State	VA	State
ZIP Code	23350	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ROBERT SAVAGE	Name
Title	BUSINESS MANAGER	Title
Phone	7574429041	Phone
Date Signed	2013-10-21	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT W LEATHERBURY CPA	Name
Phone	7577874444	Phone
Date Prepared	2013-11-07	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ROBERT SAVAGE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 546	AddressLine1
City	EXMORE	City
State	VA	State
ZIP Code	23350	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3675972	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	BROADWATERACADEMY.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1965	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	SEE STATEMENT ATTACHED	ActivityOrMissionDescription
Nbr Voting Members Governing Body	13	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	13	NbrIndependentVotingMembers
Total Nbr Employees	95	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	303500	ContributionsGrantsPriorYear
Contributions Grants Current Year	359315	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2833333	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3258183	ProgramServiceRevenueCY
Investment Income Prior Year	-29257	InvestmentIncomePriorYear
Investment Income Current Year	-1084	InvestmentIncomeCurrentYear
Other Revenue Prior Year	21165	OtherRevenuePriorYear
Other Revenue Current Year	33912	OtherRevenueCurrentYear
Total Revenue Prior Year	3128741	TotalRevenuePriorYear
Total Revenue Current Year	3650326	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	233050	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	346597	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2401639	SalariesEtcPriorYear
Salaries Etc Current Year	2492189	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	51108	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	37786	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1071164	OtherExpensePriorYear
Other Expenses Current Year	951451	OtherExpensesCurrentYear
Total Expenses Prior Year	3756961	TotalExpensesPriorYear
Total Expenses Current Year	3790237	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-628220	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-139911	RevenuesLessExpensesCY
Total Assets BOY	3950952	TotalAssetsBOY
Total Assets EOY	3903030	TotalAssetsEOY
Total Liabilities BOY	1158690	TotalLiabilitiesBOY
Total Liabilities EOY	1118899	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2792262	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2784131	NetAssetsOrFundBalancesEOY
Mission Description	SEE STATEMENT ATTACHED	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2678499	Expense
Description	EDUCATIONAL INSTRUCTION AND SERVICES PROVIDED TO APPROXIMATELY 415 STUDENTS. SERVICES INCLUDE BUS TRANSPORTATION, ATHLETICS AND OTHER EXTRACURRICULAR ACTIVITIES.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	346597	Expense
Description	TUITION GRANTS AND SCHOLARSHIPS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO. APPROXIMATELY 120 STUDENTS BENEFIT DIRECTLY EACH YEAR.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	3025096	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	true	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	true	ConsolidatedAuditFinancialStmt
School	true	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	true	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	8	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	95	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
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	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
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	13	NbrVotingGoverningBodyMembers
Number Independent Voting Members	13	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	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	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

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

Field	Value	IRS element (for citing)
Telephone Number	7574429041	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 546	AddressLine1
City	EXMORE	City
State	VA	State
ZIP Code	23350	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
TOM ANDERSON
TREASURER	2.00	X	X	0	0	0
LUKE KELLAM
DIRECTOR/CHA	2.00	X	X	0	0	0
CATHY RIOPEL
SECRETARY	2.00	X	X	0	0	0
TOM HILL JR
DIRECTOR	2.00	X		0	0	0
BERT TURNER
DIRECTOR	2.00	X		0	0	0
TONYA TANKARD
DIRECTOR	2.00	X		0	0	0
ROB GUSTAFSON
VICE CHAIR	2.00	X	X	0	0	0
TED AMES
DIRECTOR	2.00	X		0	0	0
DAN BROWN
DIRECTOR	2.00	X		0	0	0
ANNA BURGER
DIRECTOR	2.00	X		0	0	0
PAUL CUSTIS
DIRECTOR	2.00	X		0	0	0
SCOTT KENNEDY
DIRECTOR	2.00	X		0	0	0
DANNY VESTAL
DIRECTOR	2.00	X		0	0	0
JEREMY MCLEAN
HEADMASTER	40.00			139665	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	139665	TotalReportableCompFromOrg
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Fundraising Events	13510	FundraisingEvents
All Other Contributions	345805	AllOtherContributions
Total Contributions	359315	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TUITION AND OTHER SCHOOL FEES	Description
Total Revenue Column	3258183	TotalRevenueColumn
Related Or Exempt Function Income	3258183	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	3258183	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	648	TotalRevenueColumn
Related Or Exempt Function Income	648	RelatedOrExemptFunctionIncome

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	3840	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	3840	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	3840	TotalRevenueColumn
Related Or Exempt Function Income	3840	RelatedOrExemptFunctionIncome

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	1732	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-1732	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-1732	TotalRevenueColumn
Related Or Exempt Function Income	-1732	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	33550	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	13510	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	23914	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	9636	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER REVENUE	Description
Total Revenue Column	20436	TotalRevenueColumn
Related Or Exempt Function Income	20436	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	20436	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3650326	TotalRevenueColumn
Related Or Exempt Function Income	3281375	RelatedOrExemptFunctionIncome

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	346597	Total
Program Services	346597	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2114181	Total
Program Services	1553831	ProgramServices
Management And General	560350	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	27278	Total
Program Services	27278	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	186490	Total
Program Services	133048	ProgramServices
Management And General	53442	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	164240	Total
Program Services	122590	ProgramServices
Management And General	41650	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	22264	Total
Program Services	22264	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	20500	Total
Management And General	20500	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	5052	Total
Program Services	2526	ProgramServices
Fundraising	2526	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	42393	Total
Program Services	23200	ProgramServices
Management And General	19058	ManagementAndGeneral
Fundraising	135	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	50153	Total
Program Services	50153	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	127391	Total
Program Services	114652	ProgramServices
Management And General	12739	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	17822	Total
Program Services	17822	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	8284	Total
Program Services	6588	ProgramServices
Management And General	1696	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	15306	Total
Program Services	15306	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	195124	Total
Program Services	186792	ProgramServices
Management And General	8332	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	33482	Total
Program Services	30132	ProgramServices
Management And General	3350	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	FundraisingFundraising
INSTRUCTIONAL COSTS	220169	220169
SCHOOL BUS EXPENSES	61499	61499
ATHLETICS COST	52876	52876
DEVELOPMENT	35125		35125

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	44011	Total
Program Services	37773	ProgramServices
Management And General	6238	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3790237	Total
Program Services	3025096	ProgramServices
Management And General	727355	ManagementAndGeneral
Fundraising	37786	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	201663	BOY
EOY	106979	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	33249	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	188842	BOY
EOY	265289	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	6534491	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3574842	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	3046855	BOY
EOY	2959649	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	350287	BOY
EOY	363212	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	163305	BOY
EOY	174652	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3950952	BOY
EOY	3903030	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	201627	BOY
EOY	217794	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	657437	BOY
EOY	819926	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	299626	BOY
EOY	81179	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1158690	BOY
EOY	1118899	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2628957	BOY
EOY	2611642	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	78731	BOY
EOY	80926	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	84574	BOY
EOY	91563	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2792262	BOY
EOY	2784131	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3950952	BOY
EOY	3903030	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-139911	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	40415	ReconciliationUnrealizedInvest
Reconcilation Other Changes	91365	ReconcilationOtherChanges
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 Consolidated	X	FinancialStatementConsolidated

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)
School170b1 Aii	X	School170b1Aii

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

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	318078	BeginningOfYearBalance
Contributions	381	Contributions
Investment Earnings Or Losses	29886	InvestmentEarningsOrLosses
Other Expenditures	37053	OtherExpenditures
Administrative Expenses	2594	AdministrativeExpenses
End Of Year Balance	308698	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	333334	BeginningOfYearBalance
Contributions	3735	Contributions
Investment Earnings Or Losses	-1226	InvestmentEarningsOrLosses
Other Expenditures	15170	OtherExpenditures
Administrative Expenses	2597	AdministrativeExpenses
End Of Year Balance	318076	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	416784	BeginningOfYearBalance
Contributions	4586	Contributions
Investment Earnings Or Losses	116971	InvestmentEarningsOrLosses
Other Expenditures	198082	OtherExpenditures
Administrative Expenses	6925	AdministrativeExpenses
End Of Year Balance	333334	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	392452	BeginningOfYearBalance
Contributions	11705	Contributions
Investment Earnings Or Losses	63061	InvestmentEarningsOrLosses
Other Expenditures	43521	OtherExpenditures
Administrative Expenses	6913	AdministrativeExpenses
End Of Year Balance	416784	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	711304	BeginningOfYearBalance
Contributions	22449	Contributions
Investment Earnings Or Losses	-238643	InvestmentEarningsOrLosses
Other Expenditures	100000	OtherExpenditures
Administrative Expenses	2658	AdministrativeExpenses
End Of Year Balance	392452	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.91000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.09000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	153098	OtherCostOrOtherBasis
Book Value	153098	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5176095	OtherCostOrOtherBasis
Depreciation	2807893	Depreciation
Book Value	2368202	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1205298	OtherCostOrOtherBasis
Depreciation	766949	Depreciation
Book Value	438349	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2959649	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
CAPITAL LEASES	$51,278
LINE OF CREDIT	$29,901
NOTE PAYABLE
DUE TO BROADWATER ACADEMY FOUNDATION

Field	Value	IRS element (for citing)
Total Of Amounts	81179	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	3690741	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	40415	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	40415	RevenueNotRptdF990
Revenue Subtotal	3650326	RevenueSubtotal
Total Revenue Per Form990	3650326	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3790237	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	3790237	ExpensesSubtotal
Total Expenses Per Form990	3790237	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	Identifier
Return Reference	SCHEDULE D, PAGE 4, PART XII, LINE 2D	ReturnReference
Explanation	BOOK / TAX DEPRECIATION DIFFERENCE 13,013	Explanation

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 3	ReturnReference
Explanation	ADS IN THE LOCAL NEWSPAPAPER BROCHURES AND OTHER LITERATURE COMMUNICATE THAT BROADWATER ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE WISHING TO ATTEND THE SCHOOL	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA & AUTHOR D	NameOfEvent1
Gross Receipts Event1	47060	GrossReceiptsEvent1
Charitable Contributions Event1	13510	CharitableContributionsEvent1
Gross Revenue Event1	33550	GrossRevenueEvent1
Other Direct Expenses Event1	23914	OtherDirectExpensesEvent1
Gross Receipts Total	47060	GrossReceiptsTotal
Charitable Contributions Total	13510	CharitableContributionsTotal
Gross Revenue Total Events	33550	GrossRevenueTotalEvents
Other Direct Expenses Total Events	23914	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	23914	DirectExpenseSummaryEvents
Net Income Summary	9636	NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FINANCE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE TAX RETURN BEFORE FILING
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	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; AND 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 OF 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.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO AND EMPLOYEES OF THE SCHOOL.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
RECONCILIATION OF CHANGES - OTHER	FORM 990, PART XI, LINE 9	BOOK / TAX DEPRECIATION DIFFERENCE -13,013
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 9	TRANSFER OF BROADWATER ASSETS TO FOUNDATION 91,365

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	BROADWATER ACADEMY FOUNDATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 546	AddressLine1
City	EXMORE	City
State	VA	State
ZIP Code	23350	ZIPCode

Field	Value	IRS element (for citing)
EIN	455245398	EIN
Primary Activities	EDUCATION	PrimaryActivities
Legal Domicile State	VA	LegalDomicileState
Exempt Code Section	501C3	ExemptCodeSection
Public Charity Status	PF	PublicCharityStatus
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	false	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
BROADWATER ACADEMY FOUNDATION
C	40000	FAIR MARKET VALUE
BROADWATER ACADEMY FOUNDATION
O	58643	FAIR MARKET VALUE
BROADWATER ACADEMY FOUNDATION
Q	70627	FAIR MARKET VALUE