COLEN FAMILY CHARITABLE TR: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: COLEN FAMILY CHARITABLE TR (EIN 83-6802589)
Tax period: 2023-04-01 to 2024-03-31
Filed: 2026-02-14
IRS object ID: 202630459349100703
Schema version: 2023v6.0
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)
Return	2026-02-14T10:39:30-08:00	ReturnTs
Tax Period End	2024-03-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	592142260	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CS&L CPAS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	101 E KENNEDY BOULEVARD SUITE 1460	AddressLine1Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33602	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-04-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	836802589	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Colen Family Charitable Trust	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	COLE	BusinessNameControlTxt
Phone	3523877492	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	8435 SW 80th St 2	AddressLine1Txt
City	Ocala	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34481	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Kenneth D Colen	PersonNm
Person Title	Trustee	PersonTitleTxt
Signature	2025-05-01	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Susan O Thompson	PreparerPersonNm
PTIN	P00276728	PTIN
Phone	8134904490	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
PF60 Month Term Sect507b1 B	Yes (X)	PF60MonthTermSect507b1BInd
Amended Return	Yes (X)	AmendedReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$185,855,522	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,053,174	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$26,448	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$26,448	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$26,448	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$3,249,106	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$3,249,106	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$3,249,106	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$131,459	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$1,158,112	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$131,459	CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm	$108	NetSTCapitalGainAdjNetIncmAmt
Gross Sales Less Ret And Allwnc	$17,906	GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold	$7,327	CostOfGoodsSoldAmt
Gross Profit Rev And Expnss	$10,579	GrossProfitRevAndExpnssAmt
Gross Profit Adj Net Incm	$10,579	GrossProfitAdjNetIncmAmt
Other Income Rev And Expnss	$3,877,339	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$3,877,339	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$9,348,105	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,407,013	TotalNetInvstIncmAmt
Total Adj Net Incm	$7,163,580	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$87,978	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$87,978	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$2,060,501	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$2,057,752	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$434,333	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl	$435,856	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$208,560	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$205,739	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$107,134	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$3,783	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$3,783	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$109,851	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$165,072	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$8,333	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$8,333	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$159,790	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$198,612	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$399	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$399	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$197,721	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$1,316,612	DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss	$572,685	OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl	$574,216	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$8,035	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$8,683	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$1,484,550	OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm	$3,877,339	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	-$2,113,718	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$6,644,072	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$12,515	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$3,889,854	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,723,868	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$6,644,072	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$12,515	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$3,889,854	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$1,723,868	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$2,704,033	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,394,498	NetInvestmentIncomeAmt
Adjusted Net Income	$3,273,726	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,096,784	CashBOYAmt
Cash EOY	$669,948	CashEOYAmt
Cash EOYFMV	$669,948	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$42,280	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$541,458	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$541,368	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$35,290	AcctRcvblAmt
Acct Rcvbl BOY	$27,556	AcctRcvblBOYAmt
Acct Rcvbl EOY	$35,290	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$35,290	AcctRcvblEOYFMVAmt
Prepaid Expenses BOY	$48,316	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$311,817	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$311,817	PrepaidExpensesEOYFMVAmt
US Government Obligations BOY	$74,429	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$74,429	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$76,450	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$1,528,583	CorporateStockBOYAmt
Corporate Stock EOY	$1,652,046	CorporateStockEOYAmt
Corporate Stock EOYFMV	$2,526,597	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$856,165	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,369,758	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$1,316,313	CorporateBondsEOYFMVAmt
Other Investments BOY	$160,191,205	OtherInvestmentsBOYAmt
Other Investments EOY	$160,506,814	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$133,932,679	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$46,015,313	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,181,392	LandBldgEquipAccumDeprecAmt
Land BOY	$44,016,460	LandBOYAmt
Land EOY	$43,833,921	LandEOYAmt
Land EOYFMV	$43,833,921	LandEOYFMVAmt
Other Assets BOY	$557,013	OtherAssetsBOYAmt
Other Assets EOY	$2,611,139	OtherAssetsEOYAmt
Other Assets EOYFMV	$2,611,139	OtherAssetsEOYFMVAmt
Total Assets BOY	$208,438,791	TotalAssetsBOYAmt
Total Assets EOY	$211,606,620	TotalAssetsEOYAmt
Total Assets EOYFMV	$185,855,522	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$2,476,062	AccountsPayableBOYAmt
Accounts Payable EOY	$2,962,115	AccountsPayableEOYAmt
Deferred Revenue BOY	$385	DeferredRevenueBOYAmt
Total Liabilities BOY	$2,476,447	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,962,115	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$205,962,344	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$208,644,505	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$205,962,344	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$208,644,505	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$208,438,791	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$211,606,620	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$205,962,344	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$2,704,033	ExcessRevenueOverExpensesAmt
Subtotal	$208,666,377	SubtotalAmt
Other Decreases	$21,872	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$208,644,505	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Raymond James - Short Term	P	2023-03-01	2023-12-31	$517,214	$517,106	$108	$108
Raymond James - Long Term	P	2022-03-01	2023-12-31	$640,898	$509,547	$131,351	$131,351

Field	Value	IRS element (for citing)
Capital Gain Net Income	$131,459	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	$108	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$47,184	InvestmentIncomeExciseTaxAmt
Subtotal	$47,184	SubtotalAmt
Tax Based On Investment Income	$47,184	TaxBasedOnInvestmentIncomeAmt
Tax Due	$47,184	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	Yes (true)	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	Yes (true)	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	iacafl.org	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Rebecca Rogers	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3523877492	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	8435 SW 80th Street Ste 2	AddressLine1Txt
City	Ocala	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34481	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Kenneth D Colen
8345 SW 80th Street Ste 2	Ocala	FL	34481	Trustee	20.00	$0
Rebecca Rogers
8345 SW 80th Street Ste 2	Ocala	FL	34481	Executive Dir	25.00	$84,325	$1,553	$2,100

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt
Vanessa Tillis Baxley
8345 SW 80th Street Ste 2	Ocala	FL	34481	Principal	40.00	$82,592	$16,091
Ann Michelle Avery
8345 SW 80th Street Ste 2	Ocala	FL	34481	Principal	40.00	$65,389	$13,532
Mickel Amy Van Camp
8345 SW 80th Street Ste 2	Ocala	FL	34481	Elementary Teacher	40.00	$56,165	$22,662
Jennifer R Gibson
8345 SW 80th Street Ste 2	Ocala	FL	34481	Elementary Teacher	40.00	$51,087	$25,070
Melissa Ann Cheshire
8345 SW 80th Street Ste 2	Ocala	FL	34481	Teacher	40.00	$51,739	$22,386

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	19	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
Ausley Construction Company LLC
1521 SE 36th Ave	Ocala	FL	34471	Construction Management	$1,966,060
Circle Square Foundation
8435 SW 80th Street 2	Ocala	FL	34481	Leased Employees	$262,415
Wannemacher Jensen Architects Inc
132 Mirror Lake Drive North Unit 30	Saint Petersburg	FL	33701	Architectural Services	$189,322
Stearns Weaver Miller Weissler Alhadeff
401 E Jackson St 2100	Tampa	FL	33602	Legal Services	$106,441
Nelson & Company LLC
3914 Beach Blvd Suite 100	Jacksonville	FL	32207	HVAC Services	$107,483

Field	Value	IRS element (for citing)
Contractor Paid Over50k	4	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	Maintenance and renovation of the Ina A. Colen Academy, A Charter school located in Marion County, Florida.	Description1Txt
Expenses1	$3,521,387	Expenses1Amt
Description2	Operation and management of the Ina A Colen Academy providing education services to students in Kindergarten- 8th Grade in the Ocala, FL area	Description2Txt
Expenses2	$4,981,756	Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$148,822,820	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$995,782	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$149,818,602	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$149,818,602	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,247,279	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$147,571,323	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$7,378,566	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Sect4942j3j5 Fndtn And Frgn Org	Yes (X)	Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,723,868	ExpensesAndContributionsAmt
Charitable Assets Acquis Paid	$3,188,230	CharitableAssetsAcquisPaidAmt
Qualifying Distributions	$4,912,098	QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Field	Value	IRS element (for citing)
Private Operating Fndtn Ruling	2019-04-29	PrivateOperatingFndtnRulingDt
Section4942j3	Yes (X)	Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$3,273,726	CurrentYearAmt
Year1	$4,424,128	Year1Amt
Year2	$3,193,054	Year2Amt
Year3	$6,375,365	Year3Amt
Total	$17,266,273	TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

Field	Value	IRS element (for citing)
Current Year	$2,782,667	CurrentYearAmt
Year1	$3,760,509	Year1Amt
Year2	$2,714,096	Year2Amt
Year3	$5,419,060	Year3Amt
Total	$14,676,332	TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Current Year	$4,912,098	CurrentYearAmt
Year1	$14,938,158	Year1Amt
Year2	$7,348,616	Year2Amt
Year3	$668,890	Year3Amt
Total	$27,867,762	TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

Field	Value	IRS element (for citing)
Current Year	$4,912,098	CurrentYearAmt
Year1	$14,938,158	Year1Amt
Year2	$7,348,616	Year2Amt
Year3	$668,890	Year3Amt
Total	$27,867,762	TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$4,919,044	CurrentYearAmt
Year1	$5,371,589	Year1Amt
Year2	$5,418,471	Year2Amt
Year3	$5,395,566	Year3Amt
Total	$21,104,670	TotalAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

Field	Value	IRS element (for citing)
Desc	Program Service Revenue	Desc
Related Or Exempt Function Incm	$3,877,339	RelatedOrExemptFunctionIncmAmt

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$26,448	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,249,106	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$131,459	ExclusionAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	3	ExclusionCd
Exclusion	$10,579	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$3,417,592	ExclusionAmt
Related Or Exempt Function Incm	$3,877,339	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$7,294,931	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Circle Square Foundation	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	8435 SW 80th Street 2	AddressLine1Txt
City	Ocala	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34481	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,987,984	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Accounting Fees	$37,830	$3,783	$3,783	$40,547
Controller Service	$69,304	$0	$0	$69,304

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail

Field	Value	IRS element (for citing)
Amortized Expenses	Trademark Branding	AmortizedExpensesDesc
Acquired Completed Or Expended	2021-05-28	AcquiredCompletedOrExpendedDt
Amortized	$465	AmortizedAmt
Deduction For Prior Years	$57	DeductionForPriorYearsAmt
Amortization Period	15.0000	AmortizationPeriodRt
Current Year Amortization	$31	CurrentYearAmortizationAmt
Total Amortization	$88	TotalAmortizationAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

Field	Value	IRS element (for citing)
Person	Rebecca Rogers	PersonNm
Short Explanation	The Colen Family Charitable Trust is party to a shared expense agreement. The officer compensation shown in part VII reflects the costs allocable to The Colen Family Charitable Trust.	ShortExplanationTxt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (9 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	RtRt	Current Year ExpenseCurrentYearExpenseAmt
IACA Charter School Building	2022-07-20	$41,043,908	$746,589	SL	0.0256	$1,052,366
School Signage	2022-07-20	$72,153	$5,152	SL	0.1429	$10,311
School Furniture	2022-07-20	$1,332,601	$95,148	SL	0.1429	$190,429
Communications Equipment	2022-07-20	$243,576	$17,391	SL	0.1429	$34,807
Communications Equipment	2023-03-30	$7,002	$500	SL	0.1429	$1,001
Building Renovations	2023-10-25	$617,251		SL	0.0118	$7,265
Food Service Equipment	2023-10-19	$191,873		SL	0.0714	$13,700
Generator & Screen Wall	2023-11-11	$266,601		SL	0.0096	$2,567
School Furnishings	2023-11-30	$58,348		SL	0.0714	$4,166

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (22 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Astrazeneca PLC NTS	$97,445	$91,974
Bank of Nova Scotia NTS	$99,023	$92,482
Canadian Imperial Bank of Commerce	$99,250	$90,688
Home Depot, Inc	$24,943	$21,909
JP Morgan Chase & Co	$99,600	$90,451
Morgan Stanley MTN ISIN	$27,699	$24,148
Salesforce.Com, Inc.	$28,401	$24,255
The Charles Schwab Corporation	$25,748	$22,405
Toyota Motor Credit Corporation	$25,565	$22,450
Federal Home Loan Banks 3.15%	$25,428	$23,217
Federal Farm Credit Banks 2.96%	$53,063	$46,509
Federal Home Loan Mortgage 5.00%	$50,000	$49,751
Federal Home Loan Banks .5200%	$47,874	$47,974
Federal Home Loan Banks 5.5%	$99,971	$99,987
Federal Home Loan Banks 5.00%	$49,925	$49,895
Federal Farm Credit Banks 5.52%	$74,948	$74,949
Federal Farm Credit Banks 5.375%	$74,944	$74,960
Federal Home Loan Mortgage Co .625%	$45,596	$46,772
Federal Home Loan Mortgage .50%	$45,431	$46,677
Federal Home Loan 5.625%	$124,945	$124,943
Federal Home Loan Mortgage 5.55%	$74,970	$74,971
Federal Home Loan 5.625%	$74,989	$74,946

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (34 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
American Express Company	$64,030	$113,845
Intuit	$14,322	$65,000
Keurig Dr Pepper Incorporated	$84,870	$92,010
Nvidia Corporation	$20,885	$451,780
Unitedhealth Group Incorporated	$52,932	$98,940
Amer States Wtr Company	$40,556	$36,120
Atmos Energy Corporation	$27,267	$35,661
Becton Dickinson & Company	$29,336	$30,931
Chevron Corporation New	$52,834	$94,644
Expeditors International Wash Inc	$32,666	$36,471
Illinois Tool Wks Inc	$39,692	$53,666
Intel Corporation	$64,883	$61,838
International Business Machines	$42,429	$66,836
JP Morgan Chase & Company	$64,088	$100,150
Johnson & Johnson	$64,649	$63,276
Marsh & Mclennan Companies Inc	$53,241	$82,392
RPM International Inc	$33,452	$47,580
Raytheon Technologies Corp	$33,452	$43,889
Regions Financial Corporation	$36,647	$42,080
Rio Tinto PLC Sponsored	$75,023	$70,114
S&P Global Incorporated	$48,588	$63,818
Texas Instrs Incorporated	$60,803	$60,974
Truist Finl Corporation	$83,653	$77,960
United Parcel Service Incorporated	$47,650	$44,589
West Pharmaceutical SVSC Inc	$54,656	$79,142
Linde PLC SHS	$32,421	$58,040
CVS Health Corporation	$56,459	$55,832
KDDI Corporation ADR	$42,263	$39,855
Microsoft Corporation	$32,261	$42,072
Taiwan Semiconductor MFG Limited	$81,147	$108,840
Target Corporation	$86,333	$106,326
Apple Incorporated (AAPL)	$33,938	$34,296
Sysco Corporation (SYY)	$29,815	$32,472
Tesla Corporation (TSLA)	$34,805	$35,158

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
State Local Sec Book Vl EOY	$74,429	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$76,450	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (9 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Ally Bank Midvale, UT 3.45%	AT COST	$49,598	$49,666
Beal Bank Plano TX 5.25%	AT COST	$49,978	$49,994
Goldman Sachs Bank USA 2.00%	AT COST	$68,044	$68,932
Manufacturers & Traders TC 5.25%	AT COST	$49,953	$49,975
Merrick Bank South Jordan, UT .40%	AT COST	$46,631	$46,776
Sallie Mae Bk .80%	AT COST	$47,315	$47,411
Savibank .45%	AT COST	$46,693	$46,832
Texas Exch Bank SSB .90%	AT COST	$46,871	$47,042
Wells Fargo Bank, NA 5.15%	AT COST	$9,976	$9,995

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
Furniture and Fixtures	$1,905,553	$372,605	$1,532,948	$1,532,948
Buildings	$41,927,760	$1,808,787	$40,118,973	$40,118,973
Land	$2,182,000		$2,182,000	$2,182,000

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Legal Fees	CategoryTxt
Legal Fees	$208,560	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$205,739	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
Construction in Progress	$494,605	$2,548,762	$2,548,762
Due from CSF	$62,000	$62,000	$62,000
Net Intangible Assets	$408	$377	$377

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	Book-Tax Difference on Sale of Contributed Stock	Desc
Amt	$21,872	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
Amortization	$31
Computer Support	$262,174	$269,399
Dues & Subscriptions	$3,773	$3,773
Insurance Expense	$445,653	$711,656
Meals & Entertainment	$528	$714
Office Expenses	$42,254	$41,752
Payroll Fees	$46,658	$46,750
Program Service Expenses		-$3,877,339	$3,877,339
School Operating Expenses	$683,479	$689,577

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Program Service Revenue	Desc
Revenue And Expenses Per Books	$3,877,339	RevenueAndExpensesPerBooksAmt
Adjusted Net Income	$3,877,339	AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Advertising	$5,189	$0	$0	$5,189
Consultant Fees	$122,886	$0	$0	$125,937
Contracted Services	$28,664	$0	$0	$28,664
Investment Management Fees	$8,333	$8,333	$8,333	$0

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

Field	Value	IRS element (for citing)
Category	Spirit Store	CategoryTxt
Gross Sales	$17,906	GrossSalesAmt
Cost Of Goods Sold	$7,327	CostOfGoodsSoldAmt
Net	$10,579	NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Foreign Taxes	$399	$399	$399
Licenses	$705			$705
Payroll Taxes	$196,841			$196,349
Real Estate Taxes	$667			$667