Civic Intelligence

Palm Bay Education Group Inc.

990 • Fiscal year 2018 • EIN 26-1413851

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

Organization Profilepalmbayprep.org
1104 Balboa AvePanama City, FL 32401

(850) 215-0770

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.97x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

58th percentile

5.6%

Higher net margin than 58% 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

97th percentile

110%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

94th percentile

110%

Faster revenue growth than 94% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$7,487,617

Up $6,850,495 (+1075%) from 2016

Net Assets

Up

$1,292,950

Up $747,007 (+137%) from 2016

Liabilities

Up

$6,194,667

Up $6,103,488 (+6694%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin58th percentile

Revenue

Up

$6,396,730

Up $3,907,820 (+157%) from 2016

Expenses

Up

$6,036,697

Up $3,969,275 (+192%) from 2016

Net Income

Down

$360,033

Down $61,455 (-15%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$30M$20M$10M$0Assets 2012: $339,335Liabilities 2012: $21,390Net Assets 2012: $317,9452012Assets 2013: $182,602Liabilities 2013: $141,964Net Assets 2013: $40,6382013Assets 2014: $150,471Liabilities 2014: $29,542Net Assets 2014: $120,9292014Assets 2015: $272,924Liabilities 2015: $230,021Net Assets 2015: $42,9032015Assets 2016: $637,122Liabilities 2016: $91,179Net Assets 2016: $545,9432016Assets 2018: $7,487,617Liabilities 2018: $6,194,667Net Assets 2018: $1,292,9502018Assets 2019: $22,503,383Liabilities 2019: $13,057,136Net Assets 2019: $9,446,2472019Assets 2021: $21,986,813Liabilities 2021: $8,640,763Net Assets 2021: $13,346,0502021Assets 2022: $22,445,635Liabilities 2022: $9,455,643Net Assets 2022: $12,989,9922022Assets 2025: $24,949,727Liabilities 2025: $13,032,539Net Assets 2025: $11,917,1882025

Highlighted filing

2018

Assets$7,487,617
Liabilities$6,194,667
Net Assets$1,292,950
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $911,9172012Expenses 2013: $850,2102013Revenue 2014: $664,390Expenses 2014: $584,099Net Income 2014: $80,2912014Revenue 2015: $896,419Expenses 2015: $974,445Net Income 2015: -$78,0262015Revenue 2016: $2,488,910Expenses 2016: $2,067,422Net Income 2016: $421,4882016Revenue 2018: $6,396,730Expenses 2018: $6,036,697Net Income 2018: $360,0332018Revenue 2019: $23,218,929Expenses 2019: $15,065,632Net Income 2019: $8,153,2972019Revenue 2021: $9,070,949Expenses 2021: $8,604,415Net Income 2021: $466,5342021Revenue 2022: $7,030,723Expenses 2022: $7,386,781Net Income 2022: -$356,0582022Revenue 2025: $8,219,473Expenses 2025: $9,096,128Net Income 2025: -$876,6552025

Highlighted filing

2018

Revenue$6,396,730
Expenses$6,036,697
Net Income$360,033
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 1, 2018
Return Version
2017v2.2
Gross Receipts
$6,396,730
Mission and Program Overview

Mission

To operate 3 public charter schools in the state of florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,606,867$5,280,125▲ $2,673,258
Rtn Earn Endowment Incm Other Fnds$755,640$1,085,599▲ $329,959
Cash and Non-Interest-Bearing Accounts$540,334$1,019,270▲ $478,936
Pd in Cap Srpls Land Bldg Eqp Fund$106,867$207,351▲ $100,484
Accounts Receivable$288,510$75,000▼ $213,510
Prepaid Expenses and Deferred Charges$61,566$34,662▼ $26,904
Pledges and Grants Receivable$61,029$20,231▼ $40,798
Total Assets$3,558,306$7,487,617▲ $3,929,311
Other Assets Total-$1,058,329-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,500,000$4,897,774▲ $2,397,774
Other Liabilities-$1,010,654-
Accounts Payable and Accrued Expenses$195,799$277,989▲ $82,190
Deferred Revenue-$8,250-
Total Liabilities$2,695,799$6,194,667▲ $3,498,868
Net Assets / Fund Balance
Total Net Assets Fund Balance$862,507$1,292,950▲ $430,443
Total Liabilities and Net Assets / Fund Balance$3,558,306$7,487,617▲ $3,929,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,408,226$187,266-
Land$1,505,200--
Equipment$307,130$146,534-
Leasehold Improvements$59,569$12,008-
Other Assets Org$1,058,329--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Ron DanzeyChairman
Sue BunceVice Chair
Carla LovettExecutive Director
Elizabeth Bryant-reevesMember
Tom ThortonMember
Jeremy KnappPrincipal
Kathy FontainePrincipal
Lendy WillisPrincipal
Tracey AdcockSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$730,144
Program Service Revenue
$5,453,254
Investment Income
$0
Other Revenue
$213,332
Change in Net Assets
$360,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,036,697
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
All Other Expenses$1,638,445$749,245$0$2,387,690
Interest$285,235$0$0$285,235
Depreciation Depletion$231,672$0$0$231,672
Other Expenses$41,060$0$0$41,060
Total Functional Expenses$5,287,452$749,245$0$6,036,697
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
Net Pension Liability$960,223
Deferred Inflows Related to Pensions$50,431
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
No
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
No
Filing and Contact Details

Filer

Filer Name
Palm Bay Education Group Inc
EIN
26-1413851
Phone
8502150770
Address
1104 BALBOA AVE, PANAMA CITY, FL 32401

Signing Officer

Name
Carla Lovett
Title
Executive Director
Phone
8502150770
Signed
2018-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carla Lovett
Formed
2007
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
113
Volunteers
10

Preparer

Firm
Robert Walker CPA PA
Address
2803 W Busch Blvd Ste 106, Tampa, FL 33618
Preparer
Robert Walker CPA
Phone
8136248643
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by an independent cpa firm and a draft is provided to the finance committee for review. The final 990 is provided to the board for approval.”

Pt VI, Line 12C

“At each board meeting, the agenda is notated to remind board members to recuse from voting on any item that may be a conflict of interest.”

Pt VI, Line 15B

“The principal is paid in accordance with the school district's pay scale.”

Pt XI

“The Bay County School District approved a charter agreement for Palm Bay Preparatory Academy which consolidated the charters of Newpoint Bay High and Newpoint Bay Academy into a single charter 6-12 school. The charter was reassigned from Newpoint Bay, Inc. to Palm Bay Educational Group, Inc.”

Form 990, Part IX, Line 24E

“Board 278479. 0. 278479. 0.”

Form 990, Part IX, Line 24E

“General administration 1909. 0. 1909. 0.”

Form 990, Part IX, Line 24E

“School administration 937715. 468858. 468857. 0.”

Form 990, Part IX, Line 24E

“Facilities acq & rent 147937. 147937. 0. 0.”

Form 990, Part IX, Line 24E

“Fiscal services 160724. 160724. 0. 0.”

Form 990, Part IX, Line 24E

“Food services 235484. 235484. 0. 0.”

Form 990, Part IX, Line 24E

“Central services 39650. 39650. 0. 0.”

Form 990, Part IX, Line 24E

“Pupil transportation 3381. 3381. 0. 0.”

Form 990, Part IX, Line 24E

“Operation of plant 417486. 417486. 0. 0.”

Form 990, Part IX, Line 24E

“Maintenance of plant 83856. 83856. 0. 0.”

Form 990, Part IX, Line 24E

“Community services 81069. 81069. 0. 0.”

Financial Statement Notes

Pt X, Line 2

“The school is exempt from federal tax under section 501(c)(3) of the internalrevenue code. Accordingly, no provision for income taxes has been included inthe accompanying financial statements. Additionally, no uncertain tax positionshave been made requiring disclosure in the related note to financial statements.the schools income tax returns for the past three years are subject toexamination by tax authorities and may change upon examination.”

Raw XML AppendixShowing 400 of 403 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/BOYAmt0195799
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0277989
IRS990/AccountsReceivableGrp/BOYAmt0288510
IRS990/AccountsReceivableGrp/EOYAmt075000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE 3 PUBLIC CHARTER SCHOOLS IN THE STATE OF FLORIDA.
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0749245
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01638445
IRS990/AllOtherExpensesGrp/TotalAmt02387690
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0SCHOOL FINANCIAL SERVICES INC
IRS990/BooksInCareOfDetail/PhoneNum08505474566
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0116 PENNSYLVANIA AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BONIFAY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032425
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0540334
IRS990/CashNonInterestBearingGrp/EOYAmt01019270
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0730144
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt06036697
IRS990/CYOtherRevenueAmt0213332
IRS990/CYProgramServiceRevenueAmt05453254
IRS990/CYRevenuesLessExpensesAmt0360033
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt06036697
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06396730
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt08250
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0231672
IRS990/DepreciationDepletionGrp/TotalAmt0231672
IRS990/Desc0TO PROVIDE A UNIQUE SCHOOL ENVIRONMENT WHICH EMPHASIZES HIGH ACADEMIC ACHIEVEMENT THROUGH THE USE OF STATE-OF-THE-ART TECHNOLOGY AND INNOVATIVE BUT PROVEN EDUCATIONAL METHODS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0113
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05287452
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/PersonNm0CARLA LOVETT
IRS990/Form990PartVIISectionAGrp/PersonNm1RON DANZEY
IRS990/Form990PartVIISectionAGrp/PersonNm2SUE BUNCE
IRS990/Form990PartVIISectionAGrp/PersonNm3TRACEY ADCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH BRYANT-REEVES
IRS990/Form990PartVIISectionAGrp/PersonNm5TOM THORTON
IRS990/Form990PartVIISectionAGrp/PersonNm6KATHY FONTAINE
IRS990/Form990PartVIISectionAGrp/PersonNm7LENDY WILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm8JEREMY KNAPP
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SEC/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0730144
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06396730
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt0285235
IRS990/InterestGrp/TotalAmt0285235
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0345808
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02606867
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05280125
IRS990/LandBldgEquipCostOrOtherBssAmt05625933
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE 3 PUBLIC CHARTER
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04897774
IRS990/NetAssetsOrFundBalancesBOYAmt0862507
IRS990/NetAssetsOrFundBalancesEOYAmt01292950
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt01058329
IRS990/OtherExpensesGrp/Desc0INSTRUCTION
IRS990/OtherExpensesGrp/Desc1PUPIL PERSONNEL SERVICES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL STAFF TRAINING
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL TECHNOLOGY
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt02943586
IRS990/OtherExpensesGrp/ProgramServicesAmt1138503
IRS990/OtherExpensesGrp/ProgramServicesAmt28951
IRS990/OtherExpensesGrp/ProgramServicesAmt341060
IRS990/OtherExpensesGrp/TotalAmt02943586
IRS990/OtherExpensesGrp/TotalAmt1138503
IRS990/OtherExpensesGrp/TotalAmt28951
IRS990/OtherExpensesGrp/TotalAmt341060
IRS990/OtherLiabilitiesGrp/EOYAmt01010654
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER MISC. REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0213332
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0213332
IRS990/OtherRevenueTotalAmt0213332
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0106867
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0207351
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt061029
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020231
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061566
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034662
IRS990/PrincipalOfficerNm0CARLA LOVETT
IRS990/PriorPeriodAdjustmentsAmt070410
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0FTE-PER STUDENT FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT LUNCHES
IRS990/ProgramServiceRevenueGrp/Desc2AFTERCARE
IRS990/ProgramServiceRevenueGrp/Desc3LOCAL CAPITAL IMPROVEMENT REV
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05086067
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2147729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3142053
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0213138
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02730647
IRS990/PYOtherRevenueAmt086383
IRS990/PYProgramServiceRevenueAmt02747690
IRS990/PYRevenuesLessExpensesAmt0316564
IRS990/PYTotalExpensesAmt02730647
IRS990/PYTotalRevenueAmt03047211
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0360033
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06396730
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0755640
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01085599
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03408226
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0187266
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03595492
IRS990ScheduleD/EquipmentGrp/BookValueAmt0307130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146534
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0453664
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01505200
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01505200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt059569
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012008
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt071577
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01058329
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1960223
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE INTERNALREVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED INTHE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONSHAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTE TO FINANCIAL STATEMENTS.THE SCHOOLS INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TOEXAMINATION BY TAX AUTHORITIES AND MAY CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05280125
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01058329
IRS990ScheduleD/TotalLiabilityAmt01010654
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 PUBLICIZES THEIR RACIALLY NON-DISCRIMINATORY POLICY THROUGH NEWSPAPERS, DIRECT MAILINGS, OPEN HOUSES, AND OTHER MATERIALS REGARDING THE SCHOOL. NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE FINAL 990 IS PROVIDED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL DISTRICT'S PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Bay County School District approved a charter agreement for Palm Bay Preparatory Academy which consolidated the charters of Newpoint Bay High and Newpoint Bay Academy into a single charter 6-12 school. The charter was reassigned from Newpoint Bay, Inc. to Palm Bay Educational Group, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD 278479. 0. 278479. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GENERAL ADMINISTRATION 1909. 0. 1909. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SCHOOL ADMINISTRATION 937715. 468858. 468857. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FACILITIES ACQ & RENT 147937. 147937. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FISCAL SERVICES 160724. 160724. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FOOD SERVICES 235484. 235484. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CENTRAL SERVICES 39650. 39650. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PUPIL TRANSPORTATION 3381. 3381. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12OPERATION OF PLANT 417486. 417486. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13MAINTENANCE OF PLANT 83856. 83856. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14COMMUNITY SERVICES 81069. 81069. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03558306
IRS990/TotalAssetsEOYAmt07487617
IRS990/TotalAssetsGrp/BOYAmt03558306
IRS990/TotalAssetsGrp/EOYAmt07487617
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0730144
IRS990/TotalEmployeeCnt0113
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0749245
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05287452
IRS990/TotalFunctionalExpensesGrp/TotalAmt06036697
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02695799
IRS990/TotalLiabilitiesEOYAmt06194667
IRS990/TotalLiabilitiesGrp/BOYAmt02695799
IRS990/TotalLiabilitiesGrp/EOYAmt06194667
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0862507
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01292950
IRS990/TotalProgramServiceExpensesAmt05287452
IRS990/TotalProgramServiceRevenueAmt05453254
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05666586
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06396730
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03558306
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07487617
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01104 BALBOA AVE
IRS990/USAddress/CityNm0PANAMA CITY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0https://palmbayprep.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLA LOVETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08502150770
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALM BAY EDUCATION GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0261413851
ReturnHeader/Filer/PhoneNum08502150770
ReturnHeader/Filer/USAddress/AddressLine1Txt01104 BALBOA AVE
ReturnHeader/Filer/USAddress/CityNm0PANAMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId037D01614BBCBDEC9C1CEABF1223555DD313F2831
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId037D01614BBCBDEC9C1CEABF1223555DD313F2831
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.205.12.198
ReturnHeader/FilingSecurityInformation/IPDt02018-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm008:21:28
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT WALKER CPA
ReturnHeader/ReturnTs02018-11-07T08:21:32-08:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7,487,617
Liabilities
$6,194,667
Net assets
$1,292,950
Revenue
$6,396,730
Expenses
$6,036,697
Net income
$360,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$13.0$11.9$8.22$9.10$0.88
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$9.46$13.0$7.03$7.39$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$8.64$13.3$9.07$8.60$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.5$13.1$9.45$23.2$15.1$8.15
2018Detailed filing. Detailed filing data is available for this year.$7.49$6.19$1.29$6.40$6.04$0.36
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.09$0.55$2.49$2.07$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.23$0.04$0.90$0.97$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.03$0.12$0.66$0.58$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.14$0.04$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.02$0.32$0.91