Civic Intelligence

Educational Charter Foundation of Florida Inc.

990 • Fiscal year 2018 • EIN 16-1720173

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

Organization ProfileWWW.IMAGINESOUTHLAKE.ORG
2750 Hartwood Marsh RoadClermont, FL 34711

(352) 243-2960

Siviq Scores

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

Liabilities / Assets

54th percentile

0.19x

Higher debt load relative to assets than 54% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

32nd percentile

-1.4%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

17th percentile

-6.4%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

0.8%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$1,369,131

Down $93,085 (-6.4%) from 2017

Net Assets

Down

$1,107,201

Down $113,062 (-9.3%) from 2017

Liabilities

Up

$261,930

Up $19,977 (+8.3%) from 2017

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin32nd percentile

Revenue

Up

$8,052,935

Up $63,560 (+0.8%) from 2017

Expenses

Up

$8,165,997

Up $284,445 (+3.6%) from 2017

Net Income

Down

-$113,062

Down $220,885 (-205%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2018

Assets$1,369,131
Liabilities$261,930
Net Assets$1,107,201
Open 2018 Filing

Operations Trend

Revenue Growth40th 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

2018

Revenue$8,052,935
Expenses$8,165,997
Net Income-$113,062
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$8,102,047
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$535,485$554,160▲ $18,675
Other Notes and Loans Receivable, Net$504,144$483,882▼ $20,262
Cash and Non-Interest-Bearing Accounts$386,997$282,429▼ $104,568
Accounts Receivable-$25,680-
Prepaid Expenses and Deferred Charges$35,590$22,980▼ $12,610
Total Assets$1,462,216$1,369,131▼ $93,085
Liabilities
Accounts Payable and Accrued Expenses$232,783$258,930▲ $26,147
Deferred Revenue$9,170$3,000▼ $6,170
Total Liabilities$241,953$261,930▲ $19,977
Net Assets / Fund Balance
Temporarily Rstr Net Assets$626,890$626,776▼ $114
Unrestricted Net Assets$593,373$480,425▼ $112,948
Total Net Assets Fund Balance$1,220,263$1,107,201▼ $113,062
Total Liabilities and Net Assets / Fund Balance$1,462,216$1,369,131▼ $93,085

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$455,341$201,306$656,647
Equipment$81,563$359,089$440,652
Other Land Buildings$17,256$259,268$276,524
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Kevin TroutChair
Vertis LaneVice Chair
Christine CavendarMember
Elaine KellySecretary
William DeckerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
School House FinanceBuilding Lease1005 N GLEBE RD STE 610, Arlington, VA 22201$1,511,807
Revenue and Support

Revenue Composition

Contributions and Grants
$7,395,301
Program Service Revenue
$362,960
Investment Income
$0
Other Revenue
$294,674
Change in Net Assets
$-113,062

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,052,935
Revenue Not Reported on Form 990
$49,112
Total Revenue per Audited Statements
$8,102,047
Total Revenue per Form 990
$8,052,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,345,755
Other Expenses$3,820,242
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,719,784$571,729-$3,291,513
Occupancy-$1,647,054-$1,647,054
Fees for Services Management-$839,500-$839,500
Other Employee Benefits$600,243$99,117-$699,360
Payroll Taxes$195,134$42,276-$237,410
Office Expenses$153,650$33,241-$186,891
Fees for Services Other$88,706$72,248-$160,954
Insurance-$152,445-$152,445
All Other Expenses$31,082$107,300-$138,382
Travel$120,195$3,489-$123,684
Pension Plan Contributions$117,472--$117,472
Depreciation Depletion$9,904$60,385-$70,289
Other Expenses$280,447$49,640-$49,640
Fees for Services Accounting-$18,150-$18,150
Advertising-$5,589-$5,589
Total Functional Expenses$4,316,617$3,849,380$0$8,165,997

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,215,109
Expenses per Audited Statements$8,165,997
Total Expenses per Form 990$8,165,997
Expenses Not Reported on Form 990$49,112
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$137,920
Fundraising Direct Expenses$49,112
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$137,920$137,920$49,112$88,808
Total Events$137,920$137,920$49,112$88,808
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

Filer Name
Educational Charter Foundation
EIN
16-1720173
Phone
3522432960
Address
2750 HARTWOOD MARSH ROAD, CLERMONT, FL 34711
Doing Business As
South Lake Charter School

Signing Officer

Name
Kevin Trout
Title
Chair
Phone
3523488223
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Trout
Formed
2003
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
133
Volunteers
1,010

Preparer

Firm
Berman Hopkins Wright Laham Cpas & Assoc
Address
8035 SPYGLASS HILL RD, MELBOURNE, FL 32940
Preparer
Brian Nemeroff
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 49,112 fundraising expenses -49,112”

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 of 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 three years after a return was due or filed.”

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

“Fundraising expenses 49,112”

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

“Fundraising expenses 49,112”

Raw XML AppendixShowing 400 of 418 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.

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IRS990/PrincipalOfficerNm0KEVIN TROUT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FOOD - LOCAL SALES
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL-SCHOOL AGED CHILD CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0197688
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1165272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0197688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1165272
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07428653
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03747804
IRS990/PYOtherRevenueAmt0221452
IRS990/PYProgramServiceRevenueAmt0339270
IRS990/PYRevenuesLessExpensesAmt0107823
IRS990/PYSalariesCompEmpBnftPaidAmt04133748
IRS990/PYTotalExpensesAmt07881552
IRS990/PYTotalRevenueAmt07989375
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-113062
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt041654
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0527172
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt081563
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0359089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0440652
IRS990ScheduleD/ExpensesNotReportedAmt049112
IRS990ScheduleD/ExpensesSubtotalAmt08165997
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0455341
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0201306
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0656647
IRS990ScheduleD/OtherExpensesIncludedAmt049112
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017256
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0259268
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0276524
IRS990ScheduleD/OtherRevenueAmt049112
IRS990ScheduleD/RevenueNotReportedAmt049112
IRS990ScheduleD/RevenueSubtotalAmt08052935
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 OF 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 THREE YEARS AFTER A RETURN WAS DUE OR FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 49,112
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 49,112
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/TotalBookValueLandBuildingsAmt0554160
IRS990ScheduleD/TotalExpensesPerForm990Amt08165997
IRS990ScheduleD/TotalRevenuePerForm990Amt08052935
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08102047
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08215109
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS OPEN TO ANY ELIGIBLE STUDENT RESIDING IN LAKE COUNTY, FL FOR ENROLLMENT IN KINDERGARTEN THROUGH GRADE 8.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES REVENUES FOR CURRENT OPERATIONS PRIMARILY FROM THE STATE OF FLORIDA THROUGH THE LAKE COUNTY SCHOOL DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt049112
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0137920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0137920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0137920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0137920
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt088808
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt049112
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt049112
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 49,112 FUNDRAISING EXPENSES -49,112
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/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0626890
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0626776
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01462216
IRS990/TotalAssetsEOYAmt01369131
IRS990/TotalAssetsGrp/BOYAmt01462216
IRS990/TotalAssetsGrp/EOYAmt01369131
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07395301
IRS990/TotalEmployeeCnt0133
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03849380
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04316617
IRS990/TotalFunctionalExpensesGrp/TotalAmt08165997
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0241953
IRS990/TotalLiabilitiesEOYAmt0261930
IRS990/TotalLiabilitiesGrp/BOYAmt0241953
IRS990/TotalLiabilitiesGrp/EOYAmt0261930
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01220263
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01107201
IRS990/TotalProgramServiceExpensesAmt04316617
IRS990/TotalProgramServiceRevenueAmt0362960
IRS990/TotalRevenueGrp/ExclusionAmt041654
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0527172
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08052935
IRS990/TotalVolunteersCnt01010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01462216
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01369131
IRS990/TravelGrp/ManagementAndGeneralAmt03489
IRS990/TravelGrp/ProgramServicesAmt0120195
IRS990/TravelGrp/TotalAmt0123684
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0593373
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0480425
IRS990/USAddress/AddressLine1Txt02750 HARTWOOD MARSH RD
IRS990/USAddress/CityNm0CLERMONT
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034711
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.IMAGINESOUTHLAKE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN TROUT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03523488223
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATIONAL CHARTER FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF FLORIDA INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0161720173
ReturnHeader/Filer/PhoneNum03522432960
ReturnHeader/Filer/USAddress/AddressLine1Txt02750 HARTWOOD MARSH ROAD
ReturnHeader/Filer/USAddress/CityNm0CLERMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034711
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E239B0134808776A5D3BBE8D3D070E54B44E5BD0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09691F487A10ECCF6665C2CD476DA4D8C02BA873D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,369,131
Liabilities
$261,930
Net assets
$1,107,201
Revenue
$8,052,935
Expenses
$8,165,997
Net income
-$113,062
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