Civic Intelligence

Educational Charter Foundation of Florida Inc.

990 • Fiscal year 2014 • EIN 16-1720173

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 15, 2014

Organization ProfileWWW.IMAGINESOUTHLAKE.ORG
2750 Hartwood Marsh Road34711

(352) 243-2960

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.54x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

38th percentile

0.12x

Higher debt load relative to revenue than 38% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

35th percentile

-0.6%

Higher net margin than 35% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

45th percentile

2.2%

Faster revenue growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$1,556,091

Up $323,130 (+26%) from 2013

Net Assets

Down

$718,236

Down $45,368 (-5.9%) from 2013

Liabilities

Up

$837,855

Up $368,498 (+79%) from 2013

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin35th percentile

Revenue

$7,278,506

No earlier filing loaded for comparison.

Expenses

Up

$7,323,874

Up $631,688 (+9.4%) from 2013

Net Income

-$45,368

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2011: $773,987Liabilities 2011: $355,714Net Assets 2011: $418,2732011Assets 2012: $1,298,050Liabilities 2012: $617,945Net Assets 2012: $680,1052012Assets 2013: $1,232,961Liabilities 2013: $469,357Net Assets 2013: $763,6042013Assets 2014: $1,556,091Liabilities 2014: $837,855Net Assets 2014: $718,2362014Assets 2015: $1,424,203Liabilities 2015: $261,278Net Assets 2015: $1,162,9252015Assets 2016: $1,303,609Liabilities 2016: $191,169Net Assets 2016: $1,112,4402016Assets 2017: $1,462,216Liabilities 2017: $241,953Net Assets 2017: $1,220,2632017Assets 2018: $1,369,131Liabilities 2018: $261,930Net Assets 2018: $1,107,2012018Assets 2019: $24,869,517Liabilities 2019: $24,938,392Net Assets 2019: -$68,8752019Assets 2020: $26,120,954Liabilities 2020: $25,566,808Net Assets 2020: $554,1462020Assets 2021: $26,277,649Liabilities 2021: $25,519,599Net Assets 2021: $758,0502021Assets 2022: $26,737,370Liabilities 2022: $25,251,499Net Assets 2022: $1,485,8712022Assets 2023: $26,923,553Liabilities 2023: $25,454,727Net Assets 2023: $1,468,8262023Assets 2024: $26,407,084Liabilities 2024: $24,918,967Net Assets 2024: $1,488,1172024Assets 2025: $26,136,963Liabilities 2025: $24,689,359Net Assets 2025: $1,447,6042025

Highlighted filing

2014

Assets$1,556,091
Liabilities$837,855
Net Assets$718,236
Open 2014 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,811,162Expenses 2011: $6,781,140Net Income 2011: $30,0222011Expenses 2012: $6,517,6442012Expenses 2013: $6,692,1862013Revenue 2014: $7,278,506Expenses 2014: $7,323,874Net Income 2014: -$45,3682014Revenue 2015: $7,617,393Expenses 2015: $7,172,704Net Income 2015: $444,6892015Revenue 2016: $7,641,008Expenses 2016: $7,691,493Net Income 2016: -$50,4852016Revenue 2017: $7,989,375Expenses 2017: $7,881,552Net Income 2017: $107,8232017Revenue 2018: $8,052,935Expenses 2018: $8,165,997Net Income 2018: -$113,0622018Revenue 2019: $8,764,235Expenses 2019: $9,463,149Net Income 2019: -$698,9142019Revenue 2020: $8,999,552Expenses 2020: $8,853,692Net Income 2020: $145,8602020Revenue 2021: $9,732,651Expenses 2021: $9,528,747Net Income 2021: $203,9042021Revenue 2022: $11,049,096Expenses 2022: $10,321,275Net Income 2022: $727,8212022Revenue 2023: $12,566,568Expenses 2023: $12,583,613Net Income 2023: -$17,0452023Revenue 2024: $12,959,968Expenses 2024: $12,940,677Net Income 2024: $19,2912024Revenue 2025: $12,847,414Expenses 2025: $12,887,927Net Income 2025: -$40,5132025

Highlighted filing

2014

Revenue$7,278,506
Expenses$7,323,874
Net Income-$45,368
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 15, 2014
Return Version
2013v4.0
Gross Receipts
$7,302,783
Mission and Program Overview

Mission

To provide elementary educational services to lake county, florida as a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$547,636$728,527▲ $180,891
Other Notes and Loans Receivable, Net$377,216$555,027▲ $177,811
Land, Buildings, and Equipment, Net$288,100$249,850▼ $38,250
Prepaid Expenses and Deferred Charges$20,009$22,687▲ $2,678
Total Assets$1,232,961$1,556,091▲ $323,130
Liabilities
Accounts Payable and Accrued Expenses$361,496$465,589▲ $104,093
Deferred Revenue-$306,000-
Mortgage Notes Payable Secured by Investment Property$107,861$66,266▼ $41,595
Total Liabilities$469,357$837,855▲ $368,498
Net Assets / Fund Balance
Unrestricted Net Assets$583,365$534,652▼ $48,713
Temporarily Rstr Net Assets$180,239$183,584▲ $3,345
Total Net Assets Fund Balance$763,604$718,236▼ $45,368
Total Liabilities and Net Assets / Fund Balance$1,232,961$1,556,091▲ $323,130

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,345$448,634$463,979
Leasehold Improvements$209,264$33,547$242,811
Equipment$25,241$86,146$111,387
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Kevin TroutChair
Elaine KellyBoard Member
Heather BaconMember
Robert WozniakResigned CHA
Vertis LaneSecretary
William DeckerTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,891,268
Program Service Revenue
$333,197
Investment Income
$0
Other Revenue
$54,041
Change in Net Assets
$-45,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,278,506
Revenue Not Reported on Form 990
$24,277
Total Revenue per Audited Statements
$7,302,783
Total Revenue per Form 990
$7,278,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,323,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$1,515,193-$1,515,193
Fees for Services Management-$782,920-$782,920
Fees for Services Other$72,230$127,781-$200,011
Office Expenses$142,802$42,826-$185,628
Insurance-$128,462-$128,462
All Other Expenses$58,558$63,040-$121,598
Travel$95,208$4,939-$100,147
Depreciation Depletion$77,444$13,463-$90,907
Other Expenses$300$83,622-$83,922
Fees for Services Accounting-$12,500-$12,500
Interest-$4,721-$4,721
Information Technology$555--$555
Total Functional Expenses$3,831,319$3,492,555$0$7,323,874

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,348,151
Expenses per Audited Statements$7,323,874
Total Expenses per Form 990$7,323,874
Expenses Not Reported on Form 990$24,277
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,938
Fundraising Direct Expenses$24,277
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$69,938$69,938$24,277$45,661
Total Events$69,938$69,938$24,277$45,661
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The school is contracted with imagine schools, inc. To provide all charter school management services including the administration and supervision of personnel, procurements and management of materials, equipment, and facilities.”

Form 990, Page 6, Part VI, Line 11B

“A draft copy of the return is provided to the board for review prior to filing the final copy with the irs.”

Form 990, Page 6, Part VI, Line 12C

“Monitoring for conflict of interest is reviewed annually.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is subject to board approval.”

Form 990, Page 6, Part VI, Line 15B

“Compensation is subject to board approval.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

EIN
16-1720173
Phone
3522432960

Signing Officer

Name
Kevin Trout
Title
Chair
Phone
3522432960
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Trout
Formed
2003
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
750

Preparer

Preparer
Ross Whitley
Phone
3217572020
Supplemental Narrative

Additional Explanations

Form 990

“All employees are provided by imagine schools, inc. Imagine schools, inc. Educational charter foundation of florida reimburses imagine schools, inc. For the payroll, payroll taxes, and benefits paid.”

Form 990, Part XI, Line 9

“Fundraising expenses 24,277 fundraising expenses -24,277”

Financial Statement Notes

Schedule D, Page 3, Part X

“The school is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable state law. The school recognizes the financial statement effects from a tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the school and various positions related to the potential sources of unrelated business taxable income. The assessment of the technical merits of a tax position is a matter of judgment. The school believes that all its tax positions are more likely than not to be sustained upon examination. The school files form 990 in the u.s. Federal jurisdiction. The school is generally no longer subject to examination by the internal revenue service for years ending before june 30, 2011.”

Schedule D, Page 4, Part XI, Line 2D

“Fundraising expenses 24,277”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising expenses 24,277”

Raw XML AppendixShowing 400 of 434 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0361496
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0465589
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE ELEMENTARY EDUCATIONAL SERVICES TO LAKE COUNTY, FLORIDA AS A CHARTER SCHOOL.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt063040
IRS990/AllOtherExpensesGrp/ProgramServicesAmt058558
IRS990/AllOtherExpensesGrp/TotalAmt0121598
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0DEBRA KUMINKA
IRS990/BooksInCareOfDetail/PhoneNum03522432960
IRS990/BooksInCareOfDetail/USAddress/AddressLine102750 HARTWOOD MARSH ROAD
IRS990/BooksInCareOfDetail/USAddress/City0CLERMONT
IRS990/BooksInCareOfDetail/USAddress/State0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCode034711
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0547636
IRS990/CashNonInterestBearingGrp/EOYAmt0728527
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06891268
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt07323874
IRS990/CYOtherRevenueAmt054041
IRS990/CYProgramServiceRevenueAmt0333197
IRS990/CYRevenuesLessExpensesAmt0-45368
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt07323874
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07278506
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0306000
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013463
IRS990/DepreciationDepletionGrp/ProgramServicesAmt077444
IRS990/DepreciationDepletionGrp/TotalAmt090907
IRS990/Desc0TO PROVIDE ELEMENTARY EDUCATIONAL SERVICES TO LAKE COUNTY, FLORIDA AS A CHARTER SCHOOL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine10SOUTH LAKE CHARTER SCHOOL
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt03831319
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012500
IRS990/FeesForServicesAccountingGrp/TotalAmt012500
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0782920
IRS990/FeesForServicesManagementGrp/TotalAmt0782920
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0127781
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt072230
IRS990/FeesForServicesOtherGrp/TotalAmt0200011
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0VERTIS LANE
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN TROUT
IRS990/Form990PartVIISectionAGrp/PersonNm2HEATHER BACON
IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT WOZNIAK
IRS990/Form990PartVIISectionAGrp/PersonNm5ELAINE KELLY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASUER
IRS990/Form990PartVIISectionAGrp/TitleTxt4RESIGNED CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt024277
IRS990/FundraisingGrossIncomeAmt069938
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt06891268
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07302783
IRS990/GrossRentsGrp/RealAmt08380
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0555
IRS990/InformationTechnologyGrp/TotalAmt0555
IRS990/InsuranceGrp/ManagementAndGeneralAmt0128462
IRS990/InsuranceGrp/TotalAmt0128462
IRS990/InterestGrp/ManagementAndGeneralAmt04721
IRS990/InterestGrp/TotalAmt04721
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0568327
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0288100
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0249850
IRS990/LandBldgEquipCostOrOtherBssAmt0818177
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE ELEMENTARY EDUCATIONAL SERVICES TO LAKE COUNTY, FLORIDA AS A CHARTER SCHOOL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0107861
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt066266
IRS990/NetAssetsOrFundBalancesBOYAmt0763604
IRS990/NetAssetsOrFundBalancesEOYAmt0718236
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt045661
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08380
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08380
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01515193
IRS990/OccupancyGrp/TotalAmt01515193
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt042826
IRS990/OfficeExpensesGrp/ProgramServicesAmt0142802
IRS990/OfficeExpensesGrp/TotalAmt0185628
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0LEASED EMPLOYEES
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0543277
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12798
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2167013
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt383622
IRS990/OtherExpensesGrp/ProgramServicesAmt03165060
IRS990/OtherExpensesGrp/ProgramServicesAmt1219162
IRS990/OtherExpensesGrp/ProgramServicesAmt2300
IRS990/OtherExpensesGrp/TotalAmt03708337
IRS990/OtherExpensesGrp/TotalAmt1221960
IRS990/OtherExpensesGrp/TotalAmt2167013
IRS990/OtherExpensesGrp/TotalAmt383922
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0377216
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0555027
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020009
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022687
IRS990/PrincipalOfficerNm0KEVIN TROUT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL AGED CHILD CARE
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH REVENUES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER LOCAL REVENUES
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0114444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1112799
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt295745
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310209
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0114444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1112799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt295745
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310209
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06441458
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt06692186
IRS990/PYOtherRevenueAmt036605
IRS990/PYProgramServiceRevenueAmt0297622
IRS990/PYRevenuesLessExpensesAmt083499
IRS990/PYTotalExpensesAmt06692186
IRS990/PYTotalRevenueAmt06775685
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-45368
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt08380
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0333197
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06891268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06441458
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06448677
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt06522410
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05149985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt031453798
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08380
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0505
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0450
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0277
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0403135
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0382309
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0299462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0185455
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0183915
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01454276
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt052019
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0123700
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0112257
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0287976
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08380
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0505
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0450
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0277
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09662
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt033196050
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07294403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06823767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt06800158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06831565
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05446157
IRS990ScheduleA/Total509Grp/TotalAmt033196050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07302783
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06824272
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06800608
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06831615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05446434
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt033205712
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt025241
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086146
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0111387
IRS990ScheduleD/ExpensesNotReportedAmt024277
IRS990ScheduleD/ExpensesSubtotalAmt07323874
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0209264
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033547
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0242811
IRS990ScheduleD/OtherExpensesIncludedAmt024277
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015345
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0448634
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0463979
IRS990ScheduleD/OtherRevenueAmt024277
IRS990ScheduleD/RevenueNotReportedAmt024277
IRS990ScheduleD/RevenueSubtotalAmt07278506
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT EFFECTS FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ASSESSMENT OF THE TECHNICAL MERITS OF A TAX POSITION IS A MATTER OF JUDGMENT. THE SCHOOL BELIEVES THAT ALL ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS ENDING BEFORE JUNE 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 24,277
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 24,277
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0249850
IRS990ScheduleD/TotalExpensesPerForm990Amt07323874
IRS990ScheduleD/TotalRevenuePerForm990Amt07278506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07302783
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07348151
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024277
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt069938
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069938
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt069938
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt069938
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt045661
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt024277
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt024277
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL EMPLOYEES ARE PROVIDED BY IMAGINE SCHOOLS, INC. IMAGINE SCHOOLS, INC. EDUCATIONAL CHARTER FOUNDATION OF FLORIDA REIMBURSES IMAGINE SCHOOLS, INC. FOR THE PAYROLL, PAYROLL TAXES, AND BENEFITS PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS CONTRACTED WITH IMAGINE SCHOOLS, INC. TO PROVIDE ALL CHARTER SCHOOL MANAGEMENT SERVICES INCLUDING THE ADMINISTRATION AND SUPERVISION OF PERSONNEL, PROCUREMENTS AND MANAGEMENT OF MATERIALS, EQUIPMENT, AND FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THE RETURN IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING THE FINAL COPY WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING FOR CONFLICT OF INTEREST IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS SUBJECT TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS SUBJECT TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FUNDRAISING EXPENSES 24,277 FUNDRAISING EXPENSES -24,277
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0180239
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0183584
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01232961
IRS990/TotalAssetsEOYAmt01556091
IRS990/TotalAssetsGrp/BOYAmt01232961
IRS990/TotalAssetsGrp/EOYAmt01556091
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06891268
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03492555
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03831319
IRS990/TotalFunctionalExpensesGrp/TotalAmt07323874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0469357
IRS990/TotalLiabilitiesEOYAmt0837855
IRS990/TotalLiabilitiesGrp/BOYAmt0469357
IRS990/TotalLiabilitiesGrp/EOYAmt0837855
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0763604
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0718236
IRS990/TotalProgramServiceExpensesAmt03831319
IRS990/TotalProgramServiceRevenueAmt0333197
IRS990/TotalRevenueGrp/ExclusionAmt08380
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0333197
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07278506
IRS990/TotalVolunteersCnt0750
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01232961
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01556091
IRS990/TravelGrp/ManagementAndGeneralAmt04939
IRS990/TravelGrp/ProgramServicesAmt095208
IRS990/TravelGrp/TotalAmt0100147
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0583365
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0534652
IRS990/USAddress/AddressLine102750 HARTWOOD MARSH ROAD
IRS990/USAddress/City0CLERMONT
IRS990/USAddress/State0FL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,556,091
Liabilities
$837,855
Net assets
$718,236
Revenue
$7,278,506
Expenses
$7,323,874
Net income
-$45,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$26.1$24.7$1.45$12.8$12.9$0.04
2024Detailed filing. Detailed filing data is available for this year.$26.4$24.9$1.49$13.0$12.9$0.02
2023Detailed filing. Detailed filing data is available for this year.$26.9$25.5$1.47$12.6$12.6$0.02
2022Detailed filing. Detailed filing data is available for this year.$26.7$25.3$1.49$11.0$10.3$0.73
2021Detailed filing. Detailed filing data is available for this year.$26.3$25.5$0.76$9.73$9.53$0.20
2020Detailed filing. Detailed filing data is available for this year.$26.1$25.6$0.55$9.00$8.85$0.15
2019Detailed filing. Detailed filing data is available for this year.$24.9$24.9$0.07$8.76$9.46$0.70
2018Detailed filing. Detailed filing data is available for this year.$1.37$0.26$1.11$8.05$8.17$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.24$1.22$7.99$7.88$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.19$1.11$7.64$7.69$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.26$1.16$7.62$7.17$0.44
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.84$0.72$7.28$7.32$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.47$0.76$6.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.62$0.68$6.52
2011Summary only. Only limited summary data is available for this year.$0.77$0.36$0.42$6.81$6.78$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $5M-$10M nonprofits