Civic Intelligence

Sunshine Elementary Charter School Inc.

990 • Fiscal year 2023 • EIN 20-3521137

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

502 North 28th AvenueHollywood, FL 33020

(850) 547-4566

Siviq Scores

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

Liabilities / Assets

95th percentile

1.03x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

3.80x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

15th percentile

-16%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

17th percentile

$65,400

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

18th percentile

-3.3%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$10,286,757

Down $349,533 (-3.3%) from 2022

Net Assets

Down

-$353,564

Down $449,169 (-470%) from 2022

Liabilities

Up

$10,640,321

Up $99,636 (+0.9%) from 2022

Revenue

Down

$2,797,322

Down $316,260 (-10%) from 2022

Expenses

Down

$3,246,491

Down $36,262 (-1.1%) from 2022

Net Income

Down

-$449,169

Down $279,998 (-166%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $48,228Liabilities 2010: $48,218Net Assets 2010: $102010Assets 2011: $187,679Liabilities 2011: $31,078Net Assets 2011: $156,6012011Assets 2012: $209,978Liabilities 2012: $46,265Net Assets 2012: $163,7132012Assets 2013: $238,043Liabilities 2013: $66,890Net Assets 2013: $171,1532013Assets 2014: $396,509Liabilities 2014: $99,941Net Assets 2014: $296,5682014Assets 2015: $537,422Liabilities 2015: $138,032Net Assets 2015: $399,3902015Assets 2016: $492,187Liabilities 2016: $143,149Net Assets 2016: $349,0382016Assets 2017: $700,848Liabilities 2017: $153,365Net Assets 2017: $547,4832017Assets 2018: $709,468Liabilities 2018: $160,715Net Assets 2018: $548,7532018Assets 2019: $1,576,606Liabilities 2019: $204,176Net Assets 2019: $1,372,4302019Assets 2020: $1,482,105Liabilities 2020: $190,210Net Assets 2020: $1,291,8952020Assets 2021: $1,983,763Liabilities 2021: $589,715Net Assets 2021: $1,394,0482021Assets 2022: $10,636,290Liabilities 2022: $10,540,685Net Assets 2022: $95,6052022Assets 2023: $10,286,757Liabilities 2023: $10,640,321Net Assets 2023: -$353,5642023Assets 2024: $9,662,936Liabilities 2024: $10,153,029Net Assets 2024: -$490,0932024Assets 2025: $9,955,307Liabilities 2025: $9,989,918Net Assets 2025: -$34,6112025

Highlighted filing

2023

Assets$10,286,757
Liabilities$10,640,321
Net Assets-$353,564

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $645,5102010Expenses 2011: $713,1292011Expenses 2012: $808,4102012Expenses 2013: $1,415,7792013Revenue 2014: $2,146,568Expenses 2014: $2,021,153Net Income 2014: $125,4152014Revenue 2015: $2,385,992Expenses 2015: $2,283,170Net Income 2015: $102,8222015Revenue 2016: $2,711,074Expenses 2016: $2,761,426Net Income 2016: -$50,3522016Revenue 2017: $2,884,389Expenses 2017: $2,685,944Net Income 2017: $198,4452017Revenue 2018: $2,923,759Expenses 2018: $2,922,489Net Income 2018: $1,2702018Revenue 2019: $11,147,197Expenses 2019: $10,323,520Net Income 2019: $823,6772019Revenue 2020: $3,191,725Expenses 2020: $3,272,261Net Income 2020: -$80,5362020Revenue 2021: $3,229,898Expenses 2021: $3,127,744Net Income 2021: $102,1542021Revenue 2022: $3,113,582Expenses 2022: $3,282,753Net Income 2022: -$169,1712022Revenue 2023: $2,797,322Expenses 2023: $3,246,491Net Income 2023: -$449,1692023Revenue 2024: $2,999,510Expenses 2024: $3,136,039Net Income 2024: -$136,5292024Revenue 2025: $3,397,582Expenses 2025: $2,942,100Net Income 2025: $455,4822025

Highlighted filing

2023

Revenue$2,797,322
Expenses$3,246,491
Net Income-$449,169
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,797,322
Mission and Program Overview

Mission

Providing education to children. The organization is a charter school which operates in broward county florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,575,384$6,470,087▼ $105,297
Cash and Non-Interest-Bearing Accounts$1,036,783$713,332▼ $323,451
Prepaid Expenses and Deferred Charges$4,877$2,573▼ $2,304
Total Assets$10,636,290$10,286,757▼ $349,533
Other Assets Total$3,019,246$3,100,765▲ $81,519
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,830,000$7,800,000▼ $30,000
Other Liabilities$2,246,956$2,176,556▼ $70,400
Accounts Payable and Accrued Expenses$463,729$663,765▲ $200,036
Total Liabilities$10,540,685$10,640,321▲ $99,636
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,605$-353,564▼ $449,169
Total Net Assets Fund Balance$95,605$-353,564▼ $449,169
Total Liabilities and Net Assets / Fund Balance$10,636,290$10,286,757▼ $349,533

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,174,345$428,966$3,603,311
Land$2,879,980-$2,879,980
Equipment$411,580$345,597$757,177
Leasehold Improvements$4,182$35$4,217
Other Assets Org$89,445--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steven MontesCEO SecretarFT$65,400$65,400
Alejandro CamurriPrincipalFT$54,000$54,000
Jane MiskellCOOFT$54,000$54,000

Board Members and Trustees

NameTitle
Jack Mayer Naaranjo RosenzweigChairman
Gallina UrmanVice Chairma
Lyudmila KoganBoard Member
Michael ChristianBoard Member
Thomas CarpenterBoard Member
Angelique AlarconTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ga FoodsFood Service12200 32NS COURT, St Petersberg, FL 33716$150,681
Revenue and Support

Revenue Composition

Contributions and Grants
$2,513,838
Program Service Revenue
$283,484
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-449,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,797,322
Total Revenue per Audited Statements
$2,797,322
Total Revenue per Form 990
$2,797,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,073,091
Salaries, Compensation, and Employee Benefits$173,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$279,856$154,060-$433,916
Other Expenses$192,339$478,506-$192,339
Current Officers, Directors, Trustees, and Key Employees-$173,400-$173,400
Depreciation Depletion$164,989--$164,989
Office Expenses-$19,543-$19,543
Fees for Services Accounting-$9,570-$9,570
Occupancy$9,193--$9,193
Travel-$2,519-$2,519
Total Functional Expenses$2,109,361$1,137,130$0$3,246,491

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,246,491
Expenses per Audited Statements$3,081,502
Total Expenses per Audited Statements$3,081,502
Expenses Not Reported on Financial Statements$164,989
Other Expense Adjustments$164,989
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows of Resources - Reve$2,176,556
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Sunshine Elementary Charter School
EIN
20-3521137
Address
502 NORTH 28TH AVENUE, HOLLYWOOD, FL 33020

Signing Officer

Name
Jack Mayer Naaranjo Rosenzweig
Title
Chairman
Phone
8505474566
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alejandro Camurri
Formed
2005
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
62
Employees
57

Preparer

Firm
Caballero Fierman Llerena & Garcia Llp
Address
8950 SW 74 COURT STE 1210, MIAMI, FL 33156
Preparer
Alfred R Infante
Phone
3056627272
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operation of a florida charter school.

Form 990, Part IX, Line 24E

Instruction expense 127,630 0 0 district admin fees 0 86,186 0 fiscal services 0 67,874 0 pupil services 53,000 0 0 plant maintenance 26,487 0 0 instructional materials 23,553 0 0 community services 22,514 0 0 technology sup. Serv. 19,268 0 0 board expense 7,404 0 0 total 279,856 154,060 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 164,989

Financial Statement Notes

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

Book / tax depreciation difference 164,989

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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0345597
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0164989
IRS990ScheduleD/ExpensesSubtotalAmt03081502
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02879980
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04182
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04217
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02295580
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1715740
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt289445
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0428966
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02176556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES - REVE
IRS990ScheduleD/RevenueSubtotalAmt02797322
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 164,989
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt03100765
IRS990ScheduleD/TotalExpensesPerForm990Amt03246491
IRS990ScheduleD/TotalLiabilityAmt02176556
IRS990ScheduleD/TotalRevenuePerForm990Amt02797322
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY APPEARS IN ALL ADDS & NOTICES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF A FLORIDA CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSTRUCTION EXPENSE 127,630 0 0 DISTRICT ADMIN FEES 0 86,186 0 FISCAL SERVICES 0 67,874 0 PUPIL SERVICES 53,000 0 0 PLANT MAINTENANCE 26,487 0 0 INSTRUCTIONAL MATERIALS 23,553 0 0 COMMUNITY SERVICES 22,514 0 0 TECHNOLOGY SUP. SERV. 19,268 0 0 BOARD EXPENSE 7,404 0 0 TOTAL 279,856 154,060 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 164,989
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK MAYER NAARANJO ROSENZWEIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08505474566
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUNSHINE ELEMENTARY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0SUNS
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ReturnHeader/Filer/USAddress/CityNm0HOLLYWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550912340
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CABALLERO FIERMAN LLERENA & GARCIA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08950 SW 74 COURT STE 1210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033156
ReturnHeader/PreparerPersonGrp/PhoneNum03056627272
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALFRED R INFANTE
ReturnHeader/ReturnTs02024-05-15T17:01:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JACK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROSENZWEIG
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.96$9.99$0.03$3.40$2.94$0.46
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.66$10.2$0.49$3.00$3.14$0.14
2023Detailed filing. Detailed filing data is available for this year.$10.3$10.6$0.35$2.80$3.25$0.45
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$10.5$0.10$3.11$3.28$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.59$1.39$3.23$3.13$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.19$1.29$3.19$3.27$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.20$1.37$11.1$10.3$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.16$0.55$2.92$2.92$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.15$0.55$2.88$2.69$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.14$0.35$2.71$2.76$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.14$0.40$2.39$2.28$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.10$0.30$2.15$2.02$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.07$0.17$1.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.05$0.16$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.03$0.16$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.05$0.00$0.65