2026-03-06T08:20:54+00:00 2025-06-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-07-01 540799130 Broadwater Academy BROA 7574429041 PO BOX 546 EXMORE VA 22350 Steven M Belote Chief Financial Officer 7574429041 2026-03-06 true true Amy Bibby P00445891 8282542254 2026-03-06 2024 2025-03-06 01:10:19Z STEVEN M BELOTE PO BOX 546 EXMORE VA 22350 4196752 false X WWW.BROADWATERACADEMY.ORG X 1965 VA BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. 14 14 90 66 0 1181561 538363 3212266 3405277 6929 186869 37551 26906 4438307 4157415 0 0 3126501 2921462 0 79321 1320974 1255740 4447475 4177202 -9168 -19787 5094803 4270205 4434443 3619735 660360 650470 BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. false false 2995189 3405277 EDUCATIONAL INSTRUCTION AND SERVICES PROVIDED TO APPROXIMATELY 277 STUDENTS. SERVICES INCLUDE BUS TRANSPORTATION, ATHLETICS AND OTHER EXTRACURRICULAR ACTIVITES. 260451 TUITION GRANTS AND FINANCIAL AID CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO, APPROXIMATELY 156 DIRECTLY EACH YEAR. 3255640 true true false false false false false false false false true false false false true true false true true false false false false false true false false false false true false false false false false false false false false false false false false false false true true true false false true 10 0 true 90 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false false false true true true false false true false false false VA X THE ORGANIZATION 7574429041 PO BOX 546 EXMORE VA 22350 CHRIS WILLIS Chair 4.0 1.0 X X 0 0 0 Daniel Hooper Treasurer 4.0 1.0 X X 0 0 0 JON WEHNER Vice Chair 4.0 1.0 X X 0 0 0 Will Russell Secretary 4.0 1.0 X X 0 0 0 Ace Seybolt Director 1.0 1.0 X 0 0 0 Blake Johnson DIRECTOR 1.0 1.0 X 0 0 0 Brent Anderson Director 1.0 1.0 X 0 0 0 Clint Crouse Director 1.0 1.0 X 0 0 0 Jim Shaeffer DIRECTOR 1.0 1.0 X 0 0 0 JP Binard DIRECTOR 1.0 1.0 X 0 0 0 Kristy Hickman DIRECTOR 1.0 1.0 X 0 0 0 Robert Sabbatini DIRECTOR 1.0 1.0 X 0 0 0 Sierra Knight Magee DIRECTOR 1.0 1.0 X 0 0 0 Spencer Shelley DIRECTOR 1.0 1.0 X 0 0 0 BARBARA PARKER ASSISTANT HEAD OF SCHOOL 50.0 1.0 X 50117 0 2333 FRANCIS RYAN HEAD OF SCHOOL 50.0 1.0 X 165000 0 34969 Kate Terry Assistant Head of School 50.0 1.0 X 41833 0 4038 STEVEN M BELOTE CFO 50.0 5.0 X 100625 0 5284 357575 0 46624 2 false true false 0 47521 56941 433901 538363 Net Tuition and Fees 611110 3042160 3042160 Other Student Fees 611110 363117 363117 0 0 0 0 3405277 181244 181244 0 0 5625 0 5625 5625 5625 52910 47521 39337 13573 13573 Insurance Proceeds 900099 13333 13333 0 0 0 0 13333 4157415 3405277 0 213775 387453 149109 188863 49481 2197771 1962166 235605 147587 125449 19678 2460 188651 160353 25154 3144 21934 21934 77281 77281 570 570 47295 0 47295 0 12379 11329 1050 55239 41170 6408 7661 55003 55003 236674 210852 23560 2262 54458 54458 274962 259445 12532 2985 61573 61573 Other Program Costs 233270 222992 10278 Development/Instruction Costs 69101 69101 Bad Debts 50658 50658 Licenses and Taxes 5343 5343 0 0 0 0 4177202 3255640 842241 79321 575694 706185 77829 82884 648446 0 1837912 1655027 0 0 0 0 24579 31965 7225614 5536955 1854135 1688659 0 0 76208 105485 5094803 4270205 249527 190002 2984644 2991706 0 0 288530 290080 911742 147947 4434443 3619735 325875 315161 334485 335309 660360 650470 5094803 4270205 X -19787 9897 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153098 153098 5594541 4379873 1214668 1391229 1089170 302059 86746 67912 18834 1688659 Federal Income Taxes Due to Broadwater Academy Foundation 69192 Operating Lease Liability 78755 147947 X 4206079 49234 49234 4156845 570 0 570 4157415 4215969 39337 39337 4176632 570 0 570 4177202 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE COMMONWEALTH OF VIRGINIA AND THEREFORE HAS MADE NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Special Event Expenses - 39337 Change in Split Interest Agreement - 9897 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special Event Expenses - 39337 true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY ADS IN THE LOCAL NEWSPAPER, BROCHURES AND OTHER LITERATURE COMMUNICATE THAT BROADWATER ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE WISHING TO ATTEND THE SCHOOL. Annual Gala and Auction 100431 47521 52910 15481 7500 16356 0 0 100431 47521 52910 15481 7500 16356 39337 13573 X false false false false false false false false false FRANCIS RYAN HEAD OF SCHOOL 165000 0 0 0 0 0 7263 0 27706 0 199969 0 0 0 Schedule J, Part I, Line 3 IT IS THE DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO, AND EMPLOYEES OF THE SCHOOL Form 990, Part VI, Line 18 GOVERNING DOCUMENTS DISCLOSURE EXPLAIN GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST Form 990, Part VI, Line 11b Review of form 990 by governing body FINANCE COMMITTEE MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE TAX RETURN BEFORE FILING Form 990, Part VI, Line 12c Conflict of interest policy EACH DIRECTOR OR PRINCIPAL OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON 1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY 2) HAS READ AND UNDERSTANDS THE POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY 4) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE IF ITS TAX-EXEMPT PURPOSES. THE POLICY INCLUDES PROCEDURES THAT INVOLVE 1) A DUTY TO DISCLOSE 2) DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND 4) ADDITIONAL STEPS IF VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY EXIST Form 990, Part VI, Line 15a Process to establish compensation of top management official IT IS THE DUTY OF THE FINANCE COMMITTEE AND BOARD OF DIRECTORS TO APPROVE COMPENSATION FOR HEADMASTER, CEO, AND EMPLOYEES OF THE SCHOOL Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS DISCLOSURE EXPLAIN GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreement - 9897; Total - 9897; Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BROADWATER ACADEMY FOUNDATION PO BOX 546 EXMORE VA 23350 455245398 TO RAISE, MANAGE, & DISTRIBUTE FUNDS FOR BROADWATER ACADEMY VA 501(c)(3) Type I BROADWATER ACADEMY true false false true false false false false false false false false false false false false false false false false Broadwater Academy Foundation C 56941 CASH