BROADWATER ACADEMY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: BROADWATER ACADEMY (EIN 54-0799130)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-10-11
IRS object ID: 201142849349301079
Schema version: 2010v3.4
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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-10-11T15:12:12-05:00	Timestamp
Tax Period End Date	2011-06-30	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	2010-07-01	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	2011-10-15	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT W LEATHERBURY	Name
Phone	7577874444	Phone
Date Prepared	2011-10-10	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	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	3323388	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	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	15	NbrIndependentVotingMembers
Total Nbr Employees	74	TotalNbrEmployees
Total Nbr Volunteers	50	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	106368	ContributionsGrantsPriorYear
Contributions Grants Current Year	219700	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	2974659	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3041946	ProgramServiceRevenueCY
Investment Income Prior Year	106651	InvestmentIncomePriorYear
Investment Income Current Year	15371	InvestmentIncomeCurrentYear
Other Revenue Prior Year	44079	OtherRevenuePriorYear
Other Revenue Current Year	32777	OtherRevenueCurrentYear
Total Revenue Prior Year	3231757	TotalRevenuePriorYear
Total Revenue Current Year	3309794	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	304976	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	246616	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2347000	SalariesEtcPriorYear
Salaries Etc Current Year	2324507	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	20591	TotalFundrsngExpCurrentYear
Other Expense Prior Year	715360	OtherExpensePriorYear
Other Expenses Current Year	790071	OtherExpensesCurrentYear
Total Expenses Prior Year	3367336	TotalExpensesPriorYear
Total Expenses Current Year	3361194	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-135579	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-51400	RevenuesLessExpensesCY
Total Assets BOY	5013386	TotalAssetsBOY
Total Assets EOY	5067958	TotalAssetsEOY
Total Liabilities BOY	707584	TotalLiabilitiesBOY
Total Liabilities EOY	587346	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4305802	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4480612	NetAssetsOrFundBalancesEOY
Mission Description	SEE STATEMENT ATTACHED	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2395059	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	246616	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	2641675	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	false	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	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	false	ScheduleORequired
Number Forms Transmitted With1096	4	NumberFormsTransmittedWith1096
Number W2 G Included	4	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	74	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		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	5769	FundraisingEvents
All Other Contributions	213931	AllOtherContributions
Total Contributions	219700	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TUITION AND OTHER SCHOOL FEES	Description
Total Revenue Column	3041946	TotalRevenueColumn
Related Or Exempt Function Income	3041946	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	3041946	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	15371	TotalRevenueColumn
Exclusion	$15,371	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	42215	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	13594	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	28621	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	OTHER INCOME	Description
Total Revenue Column	4156	TotalRevenueColumn
Exclusion	$4,156	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	4156	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3309794	TotalRevenueColumn
Related Or Exempt Function Income	3041946	RelatedOrExemptFunctionIncome
Exclusion	$19,527	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	246616	Total
Program Services	246616	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1985684	Total
Program Services	1470139	ProgramServices
Management And General	515545	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	178879	Total
Program Services	134159	ProgramServices
Management And General	44720	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	159944	Total
Program Services	120505	ProgramServices
Management And General	39439	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	666	Total
Program Services	666	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18520	Total
Management And General	18520	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	10383	Total
Program Services	10383	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	12448	Total
Program Services	6224	ProgramServices
Fundraising	6224	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	111719	Total
Program Services	95967	ProgramServices
Management And General	15752	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	162954	Total
Program Services	146659	ProgramServices
Management And General	16295	ManagementAndGeneral

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	12031	Total
Management And General	12031	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	3152	Total
Program Services	3152	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	168418	Total
Program Services	161227	ProgramServices
Management And General	7191	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	26138	Total
Program Services	23524	ProgramServices
Management And General	2614	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	FundraisingFundraising	Management And GeneralManagementAndGeneral
INSTRUCTIONAL MATERIALS	88817	88817
SCHOOL BUS EXPENSES	64089	64089
PROVISION FOR DOUBTFUL AC	38507	38507
DEVELOPMENT	14135		14135
ADMINISTRATION TECHNOLOGY	11888			11888

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	46206	Total
Program Services	31041	ProgramServices
Management And General	14933	ManagementAndGeneral
Fundraising	232	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3361194	Total
Program Services	2641675	ProgramServices
Management And General	698928	ManagementAndGeneral
Fundraising	20591	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	462048	BOY
EOY	416363	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	342079	BOY
EOY	382729	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	6122981	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3240031	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	3042508	BOY
EOY	2882950	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	1012007	BOY
EOY	1195258	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	154744	BOY
EOY	190658	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5013386	BOY
EOY	5067958	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	269130	BOY
EOY	231861	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	149355	BOY
EOY	147145	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	7540	BOY
EOY	1079	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	281559	BOY
EOY	207261	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	707584	BOY
EOY	587346	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	3942425	BOY
EOY	4060285	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	130919	BOY
EOY	151611	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	232458	BOY
EOY	268716	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4305802	BOY
EOY	4480612	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5013386	BOY
EOY	5067958	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-51400	ReconcilationRevenueExpenses
Reconcilation Other Changes	226210	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
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	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 Minus1 Year CurrentYearMinus1Year

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

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1480728	BeginningOfYearBalance
Contributions	6131	Contributions
Investment Earnings Or Losses	-362322	InvestmentEarningsOrLosses
Grants Or Scholarships	60000	GrantsOrScholarships
Other Expenditures	74334	OtherExpenditures
Administrative Expenses	2112	AdministrativeExpenses
End Of Year Balance	988091	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.60900	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.09500	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.29600	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	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	5133764	OtherCostOrOtherBasis
Depreciation	2549101	Depreciation
Book Value	2584663	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	836119	OtherCostOrOtherBasis
Depreciation	690930	Depreciation
Book Value	145189	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2882950	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
LINE OF CREDIT	$200,800
CURRENT PORTION CAPITAL LEASES	$6,461

Field	Value	IRS element (for citing)
Total Of Amounts	207261	TotalOfAmounts
Total Revenue	3309794	TotalRevenue
Total Expenses	3361194	TotalExpenses
Excess Or Deficit For Year	-51400	ExcessOrDeficitForYear
Net Unrealized GL On Investments	226210	NetUnrealizedGLOnInvestments
Total Adjustments	226210	TotalAdjustments
Excess Or Deficit Per FS	174810	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3549598	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	226210	NetUnrealizedGainsInvestments
Other Revenues	13594	OtherRevenues
Revenue Not Rptd F990	239804	RevenueNotRptdF990
Revenue Subtotal	3309794	RevenueSubtotal
Total Revenue Per Form990	3309794	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3374788	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	13594	OtherExpensesIncluded
Expenses Not Rptd F990	13594	ExpensesNotRptdF990
Expenses Subtotal	3361194	ExpensesSubtotal
Total Expenses Per Form990	3361194	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	DIRECT FUNDRAISING EXPENSES NETTED WITH REVENUE ON F/S 13,594 DIRECT FUNDRAISING EXPENSES NETTED WITH REVENUE ON F/S -13,594 BOOK / TAX DEPRECIATION DIFFERENCE -11,735
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	DIRECT FUNDRAISING EXPENSES NETTED WITH REVENUE ON F/S 13,594
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	DIRECT FUNDRAISING EXPENSES NETTED WITH REVENUE ON F/S 13,594 BOOK / TAX DEPRECIATION DIFFERENCE 11,735

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

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	GALA FUNDRAISER	NameOfEvent1
Gross Receipts Event1	42215	GrossReceiptsEvent1
Gross Revenue Event1	42215	GrossRevenueEvent1
Other Direct Expenses Event1	13594	OtherDirectExpensesEvent1
Name Of Event2	990PTVIII1C	NameOfEvent2
Gross Receipts Event2	5769	GrossReceiptsEvent2
Charitable Contributions Event2	5769	CharitableContributionsEvent2
Gross Receipts Total	47984	GrossReceiptsTotal
Charitable Contributions Total	5769	CharitableContributionsTotal
Gross Revenue Total Events	42215	GrossRevenueTotalEvents
Other Direct Expenses Total Events	13594	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	13594	DirectExpenseSummaryEvents
Net Income Summary	28621	NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 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

BROADWATER ACADEMY: Form 990, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

Activity2 Activity2

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

Program Service Revenue ProgramServiceRevenue

Investment Income InvestmentIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Benefits To Members BenefitsToMembers

Other Salaries And Wages OtherSalariesAndWages

Pension Plan Contributions PensionPlanContributions

Payroll Taxes PayrollTaxes

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Advertising Advertising

Office Expenses OfficeExpenses

Occupancy Occupancy

Conferences Meetings ConferencesMeetings

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (5 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Accounts Receivable AccountsReceivable

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Name Business ContributorNameBusiness

Contributor Address US ContributorAddressUS

Schedule D IRS990ScheduleD

Current Year CurrentYear

Current Year Minus1 Year CurrentYearMinus1Year

Current Year Minus2 Years CurrentYearMinus2Years

Land Land

Buildings Buildings

Equipment Equipment

Other Liabilities OtherLiabilities (2 entries)

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

Schedule E IRS990ScheduleE

Schedule G IRS990ScheduleG

Events Information EventsInformation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

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