BROADWATER ACADEMY: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: BROADWATER ACADEMY (EIN 54-0799130)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2012-11-07
IRS object ID: 201213129349300911
Schema version: 2011v1.2
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 N
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-07T08:56:26-06:00	Timestamp
Tax Period End Date	2012-06-30	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	2011-07-01	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	2012-10-23	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT W LEATHERBURY	Name
Phone	7577874444	Phone
Date Prepared	2012-11-07	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	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	3965511	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
Termination Or Contraction	X	TerminationOrContraction
Nbr Voting Members Governing Body	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	15	NbrIndependentVotingMembers
Total Nbr Employees	87	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	219700	ContributionsGrantsPriorYear
Contributions Grants Current Year	303500	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3041946	ProgramServiceRevenuePriorYear
Program Service Revenue CY	2833333	ProgramServiceRevenueCY
Investment Income Prior Year	15371	InvestmentIncomePriorYear
Investment Income Current Year	-29257	InvestmentIncomeCurrentYear
Other Revenue Prior Year	32777	OtherRevenuePriorYear
Other Revenue Current Year	21165	OtherRevenueCurrentYear
Total Revenue Prior Year	3309794	TotalRevenuePriorYear
Total Revenue Current Year	3128741	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	246616	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	233050	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2324507	SalariesEtcPriorYear
Salaries Etc Current Year	2401639	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	51108	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	75340	TotalFundrsngExpCurrentYear
Other Expense Prior Year	790071	OtherExpensePriorYear
Other Expenses Current Year	1071164	OtherExpensesCurrentYear
Total Expenses Prior Year	3361194	TotalExpensesPriorYear
Total Expenses Current Year	3756961	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-51400	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-628220	RevenuesLessExpensesCY
Total Assets BOY	5067958	TotalAssetsBOY
Total Assets EOY	3950952	TotalAssetsEOY
Total Liabilities BOY	587346	TotalLiabilitiesBOY
Total Liabilities EOY	1137652	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4480612	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2813300	NetAssetsOrFundBalancesEOY
Mission Description	SEE STATEMENT ATTACHED	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2721570	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	233050	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	2954620	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	true	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	true	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	4	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	87	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	15	NbrVotingGoverningBodyMembers
Number Independent Voting Members	15	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	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	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
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	X	0	0	0
KEVIN K KELLAM
DIRECTOR	2.00	X		0	0	0
BERT TURNER
DIRECTOR	2.00	X		0	0	0
JOHN T WILLIAMS
DIRECTOR	2.00	X		0	0	0
ROBERTA KELLAM
DIRECTOR	2.00	X		0	0	0
EDWARD A AMES IV
DIRECTOR/TRE	2.00	X	X	0	0	0
ELLIE GORDON
DIRECTOR	2.00	X		0	0	0
LINDA MITCHELL
DIRECTOR	2.00	X		0	0	0
MJ GOLIBART
DIRECTOR	2.00	X		0	0	0
LAURA NEAL
DIRECTOR	2.00	X		0	0	0
TONYA TANKARD
DIRECTOR	2.00	X		0	0	0
JEREMY MCLEAN
HEADMASTER	40.00			140625	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	140625	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	13992	FundraisingEvents
All Other Contributions	289508	AllOtherContributions
Total Contributions	303500	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TUITION AND OTHER SCHOOL FEES	Description
Total Revenue Column	2833333	TotalRevenueColumn
Related Or Exempt Function Income	2833333	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	2833333	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	11438	TotalRevenueColumn
Exclusion	$11,438	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	2380	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	2380	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	2380	TotalRevenueColumn
Related Or Exempt Function Income	2380	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	782308	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	823003	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-40695	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-40695	TotalRevenueColumn
Related Or Exempt Function Income	-40695	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	21083	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	10500	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	13767	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	7316	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Total Revenue Column	11469	TotalRevenueColumn
Exclusion	$11,469	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	11469	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3128741	TotalRevenueColumn
Related Or Exempt Function Income	2795018	RelatedOrExemptFunctionIncome
Exclusion	$22,907	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	233050	Total
Program Services	233050	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2033248	Total
Program Services	1506314	ProgramServices
Management And General	526934	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	27936	Total
Program Services	21231	ProgramServices
Management And General	6705	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	175225	Total
Program Services	131139	ProgramServices
Management And General	44086	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	165230	Total
Program Services	124919	ProgramServices
Management And General	40311	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	4191	Total
Program Services	4191	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18400	Total
Management And General	18400	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	51108	Total
Fundraising	51108	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	8116	Total
Program Services	4058	ProgramServices
Fundraising	4058	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	72580	Total
Program Services	36359	ProgramServices
Management And General	35987	ManagementAndGeneral
Fundraising	234	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	21159	Total
Management And General	21159	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	161605	Total
Program Services	145445	ProgramServices
Management And General	16160	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	26584	Total
Program Services	26584	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	13419	Total
Program Services	11764	ProgramServices
Management And General	1655	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	8286	Total
Program Services	8286	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	173128	Total
Program Services	165735	ProgramServices
Management And General	7393	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	29993	Total
Program Services	27030	ProgramServices
Management And General	2963	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
PROVISION FOR DOUBTFUL AC	217294	217294
INSTRUCTIONAL COSTS	143070	143070
SCHOOL BUS EXPENSES	59611	59611
ATHLETICS COST	49883	49883

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	63845	Total
Program Services	38657	ProgramServices
Management And General	5248	ManagementAndGeneral
Fundraising	19940	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3756961	Total
Program Services	2954620	ProgramServices
Management And General	727001	ManagementAndGeneral
Fundraising	75340	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	416363	BOY
EOY	201663	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	382729	BOY
EOY	188842	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	6431642	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3384787	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2882950	BOY
EOY	3046855	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	1195258	BOY
EOY	350287	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	190658	BOY
EOY	163305	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5067958	BOY
EOY	3950952	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	231861	BOY
EOY	201627	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	147145	BOY
EOY	657437	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	1079	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	207261	BOY
EOY	278588	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	587346	BOY
EOY	1137652	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4060285	BOY
EOY	2649995	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	151611	BOY
EOY	78731	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	268716	BOY
EOY	84574	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4480612	BOY
EOY	2813300	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5067958	BOY
EOY	3950952	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-628220	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1039092	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1195724	BeginningOfYearBalance
Contributions	1733	Contributions
Investment Earnings Or Losses	-27274	InvestmentEarningsOrLosses
Other Expenditures	817339	OtherExpenditures
Administrative Expenses	2557	AdministrativeExpenses
End Of Year Balance	350287	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1012007	BeginningOfYearBalance
Contributions	2465	Contributions
Investment Earnings Or Losses	215019	InvestmentEarningsOrLosses
Other Expenditures	31170	OtherExpenditures
Administrative Expenses	2597	AdministrativeExpenses
End Of Year Balance	1195724	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	988091	BeginningOfYearBalance
Contributions	11901	Contributions
Investment Earnings Or Losses	114625	InvestmentEarningsOrLosses
Grants Or Scholarships	56479	GrantsOrScholarships
Other Expenditures	43521	OtherExpenditures
Administrative Expenses	2610	AdministrativeExpenses
End Of Year Balance	1012007	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	1.00000	BoardDesignatedEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

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	5391080	OtherCostOrOtherBasis
Depreciation	2679678	Depreciation
Book Value	2711402	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	887464	OtherCostOrOtherBasis
Depreciation	705109	Depreciation
Book Value	182355	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	3046855	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
S/T NOTE PAYABLE	$215,000
CAPITAL LEASES	$63,588
LINE OF CREDIT

Field	Value	IRS element (for citing)
Total Of Amounts	278588	TotalOfAmounts
Total Revenue	3128741	TotalRevenue
Total Expenses	3756961	TotalExpenses
Excess Or Deficit For Year	-628220	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-628220	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3128741	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	3128741	RevenueSubtotal
Total Revenue Per Form990	3128741	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3756961	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	3756961	ExpensesSubtotal
Total Expenses Per Form990	3756961	TotalExpensesPerForm990

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

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	true	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

Name Of Organization NameOfOrganization

Field	Value	IRS element (for citing)
Business Name Line1	THE CURTIS GROUP	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2512 SHEPHERDS LANE	AddressLine1
City	VIRGINIA BEACH	City
State	VA	State
ZIP Code	23454	ZIPCode

Field	Value	IRS element (for citing)
Activity	CONSULTING	Activity
Fundraiser Control Of Funds	false	FundraiserControlOfFunds
Gross Receipts	32300	GrossReceipts
Amount Retained By Contractor	50359	AmountRetainedByContractor
Net To Organization	-18059	NetToOrganization

Field	Value	IRS element (for citing)
Total Gross Receipts	32300	TotalGrossReceipts
Total Retained By Contractors	50359	TotalRetainedByContractors
Total Net To Organization	-18059	TotalNetToOrganization

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA FUNDRAISER	NameOfEvent1
Gross Receipts Event1	31583	GrossReceiptsEvent1
Charitable Contributions Event1	10500	CharitableContributionsEvent1
Gross Revenue Event1	21083	GrossRevenueEvent1
Other Direct Expenses Event1	13767	OtherDirectExpensesEvent1
Gross Receipts Total	31583	GrossReceiptsTotal
Charitable Contributions Total	10500	CharitableContributionsTotal
Gross Revenue Total Events	21083	GrossRevenueTotalEvents
Other Direct Expenses Total Events	13767	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	13767	DirectExpenseSummaryEvents
Net Income Summary	7316	NetIncomeSummary

Schedule N IRS990ScheduleN

Disposition Table DispositionTable

Field	Value	IRS element (for citing)
Description Of Asset	CASH	DescriptionOfAsset
Date Of Distribution	2012-06-25	DateOfDistribution
FMV Of Asset	1041232	FMVOfAsset
Method Of FMV Determination	US VALUE	MethodOfFMVDetermination
EIN	455245398	EIN
Name Person	BROADWATER ACADEMY FOUNDATION	NamePerson

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3500 BROADWATER ROAD	AddressLine1
Address Line2	PO BOX 546	AddressLine2
City	EXMORE	City
State	VA	State
ZIP Code	23350	ZIPCode

Field	Value	IRS element (for citing)
IRC Section	501(C)(3)	IRCSection

Field	Value	IRS element (for citing)
Director Of Successor2	true	DirectorOfSuccessor2
Employee Of Successor2	false	EmployeeOfSuccessor2
Owner Of Successor2	false	OwnerOfSuccessor2
Receive Compensation2	false	ReceiveCompensation2

Form990 Schedule N Part III Form990ScheduleNPartIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DETAIL	SCHEDULE N PART II PAGE 2 LINE 2E	THE ORGANIZATIONS CURRENT GOVERNING BOARD HAS APPOINTED CERTAIN OF ITS BOARD MEMBERS TO SERVE AS BOARD DIRECTORS OF THE NEWLY FORMED NON PROFIT CORPORATION WHERE ASSETS HAVE BEEN TRANSFERED THE CURRENT GOVERNING BOARD MEMBERS THAT WILL SERVE ON THE NEW CORPORATIONS BOARD ARE AS FOLLOWS 1 MR LUCIUS KELLAM III CHAIR 2 MRS ELIZABETH GORDON 3 MR EDWARD AMES IV TREASURER 4 MR MARTIN J GOLIBART 5 MRS LAURA NEAL 6 MR THOMAS HILL JR
ADDITIONAL INFORMATION	SCHEDULE N	SEE SCHEDULE O FOR DESCRIPTION RELATED TO FORM 990 PART XI LINE 5 THIS DESCRIPTION EXPLAINS THE REASON FOR THE TRANSFER OF ASSETS

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 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
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	NO DOCUMENTS AVAILABLE TO THE PUBLIC
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	DURING THE YEAR THE ORGANIZATION TRANSFERED 1,041,232 TO A NEWLY FORMED NON-PROFIT CORPORATION, BROADWATER ACADEMY FOUNDATION, IN ORDER TO RAISE, MANAGE, AND DISTRIBUTE FUNDS SOLELY FOR THE BENEFIT OF THE STUDENTS OF BROADWATER ACADEMY. THIS CORPORATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE WHICH OPERATES FOR THE BENEFITS OF BROADWATER ACADEMY, A COLLEGE PREPARATORY SCHOOL THAT IS A SECTION 509(A)(1) ORGANIZATION. FURTHERMORE, THIS NEW CORPORATION MAY ALSO HOLD AND MANAGE REAL PROPERTY ON BEHALF OF OR FOR THE BENEFIT OF BROADWATER ACADEMY. EACH BOARD MEMBER OF THIS NEW CORPORATION SHALL BE APPOINTED BY THE BROADWATER ACADEMY BOARD OF DIRECTORS.