2012-03-28T10:10:07-05:00 2011-06-30 BKHM PA 1560 ORANGE AVENUE SUITE 600 WINTER PARK FL 32789 990 2010-07-01 061667879 LAKE WALES CHARTER SCHOOLS INC LAKE 8636796560 130 E CENTRAL AVENUE LAKE WALES FL 33853 MR BRIAN FISHER 8636796560 2012-03-28 1 4079989000 2010 2016-02-24 21:20:13Z X BRIAN FISHER 130 E CENTRAL AVE LAKE WALES FL 33853 30324783 0 X N/A X 2002 FL PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS. 7 7 522 350 0 0 2920595 3978486 25090564 24243706 16134 15746 2580864 2086845 30608157 30324783 0 0 0 0 20667667 21360709 0 0 0 8128121 7787841 28795788 29148550 1812369 1176233 10909063 11537961 7014945 6467610 3894118 5070351 TO BRING THE BEST OF PUBLIC EDUCATION TO OUR COMMUNITY BY PROVIDING INNOVATION AND CHOICE WITHIN A CONTINUOUS PRE-SCHOOL THROUGH POST SECONDARY CURRICULUM SO THAT EACH CHILD RECOGNIZES THE BENEFITS OF LIFE-LONG LEARNING, CONSTRUCTIVE CITIZENSHIP AND PERSONAL HAPPINESS. 0 0 24844701 26346297 THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. 24844701 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 61 0 522 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 X BRIAN FISHER 8636796560 130 E CENTRAL AVE LAKE WALES FL 33853 DANNY GILL 2.00 X 0 0 0 KEITH WADSWORTH 2.00 X 0 0 0 TERRYE HOWELL 2.00 X 0 0 0 PAIGE TURNER 2.00 X 0 0 0 COLBY PIKE 2.00 X 0 0 0 PAT CAIN 2.00 X 0 0 0 DAVID ULLMAN 10.00 X 0 0 0 CASSANDRA DENMARK 5.00 X 0 0 0 BRIAN FISHER 40.00 X 101025 0 17495 CLARK BERRY 40.00 X 99540 0 17234 JESSE JACKSON 40.00 X 121200 0 19593 BEVERLY LYNNE 40.00 X 83015 0 17082 222225 0 37088 2 0 0 0 POLK COUNTY SCHOOL BOARD PO BOX 391 BARTOW FL 33831 TRANSPORTATION 440176 EXCEL BUILDING SERVICES 10006 CROSS CREEK BLVD 444 TAMPA FL 33647 CLEANING 281414 OUR CHILDRENS REHAB CENTER 150 AVE B SE WINTER HAVEN FL 33880 REHABILITATION 157707 E&A CLEANING 529 WEST BRANNEN ROAD LAKELAND FL 33813 CLEANING 157210 EDUCATIONAL DEVELOPMENT ASSOC 14052 NW 82 AVE MIAMI LAKES FL 33016 MATERIALS & SERVICES 126538 6 3962324 16162 10972 3978486 PROGRAM SERVICE REVENU 900099 24243706 24243706 24243706 15746 15746 STUDENT ACTIVITIES 900099 715301 715301 TRANSPORTATION 900099 561430 561430 PRE-K CLIENT FEES 900099 301918 301918 508196 508196 2086845 30324783 26346297 0 0 476188 238094 238094 15723478 13364957 2358521 1692043 1438237 253806 2243281 1906789 336492 1225719 1041861 183858 116593 116593 638815 542993 95822 867122 737054 130068 129248 109861 19387 252656 214758 37898 606295 546269 60026 463875 394294 69581 PROFESSIONAL SERVICES 2281908 2038726 243182 EQUIPMENT RENTAL & MAIN 688344 688344 0 OTHER EXPENSES 650413 552851 97562 DEBT SERVICE & LEASE PA 413129 413129 0 MEDIA EXPENSE 337947 287255 50692 341496 329229 12267 29148550 24844701 4303849 0 4330068 5238923 879192 848620 259970 293905 8191315 3034802 5439833 5156513 10909063 11537961 1843482 1445644 5592 5592 4453963 4354364 711908 662010 7014945 6467610 X 0 0 0 0 3894118 5070351 3894118 5070351 10909063 11537961 1176233 0 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 707882 707882 4106080 405937 3700143 3334207 2608215 725992 43146 20650 22496 5156513 COMPENSATED ABSENCE PAYABLE 662010 662010 30324783 29148550 1176233 0 1176233 31201987 877204 877204 30324783 0 30324783 30025754 877204 877204 29148550 0 29148550 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY IS AN ORGANIZATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COMPANY HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION THAT AN ENTITY TAKES OR EXPECTS TO TAKE IN A TAX RETURN. THIS GUIDANCE IS APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS THAT MAY BE CONDUCTING UNRELATED BUSINESS ACTIVITIES, WHICH ARE POTENTIALLY SUBJECT TO INCOME TAXES, INCLUDING STATE INCOME TAXES. THE COMPANY ASSESSES ITS INCOME TAX POSITIONS, INCLUDING ITS CONTINUING TAX STATUS AS A NOT-FOR-PROFIT ENTITY, AND RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE COMPANY BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON AN EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR THE APPLICABLE STATE TAXING AUTHORITY. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THE SCHOOL'S FINANCIAL STATEMENTS, AS THE COMPANY BELIEVES ALL TAX POSITIONS, INCLUDING ITS CONTINUING STATUS AS A NOT-FOR-PROFIT ENTITY, HAVE A GREATER THAN 50% CHANCE OF REALIZATION IN THE EVENT OF AN IRS AUDIT. STATE INCOME TAXES, WHICH MAY BE DUE IN CERTAIN JURISDICTIONS, HAVE BEEN ASSESSED FOLLOWING THE SAME "MORE LIKELY THAN NOT" MEASUREMENT THRESHOLD. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 877,204. PART XIII, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH ADMIN FEES 877,204. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPERS, GROUP PRESENTATIONS, AND DIRECT MAILINGS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM AND CAPITAL OUTLAY PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE CFO OF THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AND EMPLOYMENT CONTRACTS ARE NEGOTIATED WITH THE BOARD OF TRUSTEES. THE ORGANIZATION USES COMPARABLE DATA FROM ITS CHARTER SPONSOR IN DETERMINING COMPENSATION FOR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE ORGANIZATIONS WEBSITE AND AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AND CONTAINED IN THE EMPLOYEE HANDBOOK AND BOARD APPROVED RESOLUTION. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND THROUGH THE BOARD MINUTES ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 1 THE ORGANIZATION USES THE MODIFIED ACCRUAL METHOD OF ACCOUNTING. LAKE WALES CHARTER SCHOOL FOUNDATION INC 130 E CENTRAL AVE LAKE WALES FL 33853 113735254 SUPPORTING THE LAKE WALES CHARTER SCHOOLS, INC. FL 501(C)(3) 509(A)(3) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKE WALES CHARTER SCHOOLS FOUNDATION INC C 532432 DONATED SERVICES SCHEDULE R THE ORGANIZATION LEASES ITS ADMINISTRATIVE OFFICE FACILITY FROM AN UNRELATED PARTY ON A MONTH-TO-MONTH BASIS AT NO CHARGE. THE LEASE REQUIRES THE ORGANIZATION TO PAY INSURANCE AND OTHER COSTS. MANAGEMENT OF THE ORGANIZATION BELIEVES THAT CONSIDERABLE UNCERTAINTY EXISTS REGARDING THE VALUATION OF FACILITIES UTILIZED.