Civic Intelligence

Georgia Charter Educational Foundation Inc.

990 • Fiscal year 2015 • EIN 27-0453195

Jul 01, 2014 to Jun 30, 2015 • Filed on May 05, 2016

Organization ProfileWWW.GEORGIACHARTERFOUNDATION.ORG
800 Corporate Drive No 124Ft Lauderdale, FL 33334

(954) 416-4075

Siviq Scores

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

Liabilities / Assets

96th percentile

1.24x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.44x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

60th percentile

5.8%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

88th percentile

24%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

25%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$18,006,336

Up $3,428,942 (+24%) from 2014

Net Assets

Down

-$4,280,733

Down $4,166,245 (-3639%) from 2014

Liabilities

Up

$22,287,069

Up $7,595,187 (+52%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin60th percentile

Revenue

Up

$15,483,617

Up $3,090,098 (+25%) from 2014

Expenses

Up

$14,580,986

Up $1,378,717 (+10%) from 2014

Net Income

Up

$902,631

Up $1,711,381 (+212%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30M$20M$10M$0-$10MAssets 2011: $515,033Liabilities 2011: $298,013Net Assets 2011: $217,0202011Assets 2012: $1,724,733Liabilities 2012: $1,069,468Net Assets 2012: $655,2652012Assets 2013: $1,524,800Liabilities 2013: $830,538Net Assets 2013: $694,2622013Assets 2014: $14,577,394Liabilities 2014: $14,691,882Net Assets 2014: -$114,4882014Assets 2015: $18,006,336Liabilities 2015: $22,287,069Net Assets 2015: -$4,280,7332015Assets 2016: $17,476,588Liabilities 2016: $22,005,230Net Assets 2016: -$4,528,6422016Assets 2017: $17,641,224Liabilities 2017: $22,873,731Net Assets 2017: -$5,232,5072017Assets 2018: $12,933,616Liabilities 2018: $16,288,674Net Assets 2018: -$3,355,0582018Assets 2019: $13,580,647Liabilities 2019: $17,505,323Net Assets 2019: -$3,924,6762019Assets 2020: $13,445,484Liabilities 2020: $17,879,564Net Assets 2020: -$4,434,0802020Assets 2021: $13,761,440Liabilities 2021: $18,196,898Net Assets 2021: -$4,435,4582021Assets 2025: $17,542,658Liabilities 2025: $24,290,970Net Assets 2025: -$6,748,3122025

Highlighted filing

2015

Assets$18,006,336
Liabilities$22,287,069
Net Assets-$4,280,733
Open 2015 Filing

Operations Trend

Revenue Growth83rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,833,0542011Expenses 2012: $7,547,5202012Expenses 2013: $9,326,7972013Revenue 2014: $12,393,519Expenses 2014: $13,202,269Net Income 2014: -$808,7502014Revenue 2015: $15,483,617Expenses 2015: $14,580,986Net Income 2015: $902,6312015Revenue 2016: $14,749,297Expenses 2016: $14,997,206Net Income 2016: -$247,9092016Revenue 2017: $14,628,864Expenses 2017: $15,332,729Net Income 2017: -$703,8652017Revenue 2018: $6,340,185Expenses 2018: $7,044,250Net Income 2018: -$704,0652018Revenue 2019: $7,182,423Expenses 2019: $7,752,041Net Income 2019: -$569,6182019Revenue 2020: $8,054,355Expenses 2020: $8,563,759Net Income 2020: -$509,4042020Revenue 2021: $8,714,862Expenses 2021: $8,744,491Net Income 2021: -$29,6292021Revenue 2025: $10,792,313Expenses 2025: $10,883,583Net Income 2025: -$91,2702025

Highlighted filing

2015

Revenue$15,483,617
Expenses$14,580,986
Net Income$902,631
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 5, 2016
Return Version
2014v6.0
Gross Receipts
$15,483,617
Mission and Program Overview

Mission

The organization will provide a safe learning environment where each student is challenged to achieve their full potential. We strive for academic, social, positive moral, and physical excellence by providing a quality and challenging curriculum.

For educational purposes. The georgia charter educational foundation is comprised of respected leaders in the state of georgia that are committed to providing high quality educational options for the students and families of georgia. The foundation strives to provide a premier academic school option for students and families in georgia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,991,876$10,107,021▲ $115,145
Cash and Non-Interest-Bearing Accounts$1,469,708$2,740,800▲ $1,271,092
Accounts Receivable$129,223$39,301▼ $89,922
Prepaid Expenses and Deferred Charges$18,607$20,668▲ $2,061
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-114,488$-4,280,733▼ $4,166,245
Total Assets$14,577,394$18,006,336▲ $3,428,942
Other Assets Total$2,967,980$5,098,546▲ $2,130,566
Liabilities
Tax Exempt Bond Liabilities$12,485,000$12,485,000→ $0
Other Liabilities$710,636$7,889,690▲ $7,179,054
Accounts Payable and Accrued Expenses$1,496,246$1,912,379▲ $416,133
Total Liabilities$14,691,882$22,287,069▲ $7,595,187
Net Assets / Fund Balance
Total Net Assets Fund Balance$-114,488$-4,280,733▼ $4,166,245
Total Liabilities and Net Assets / Fund Balance$14,577,394$18,006,336▲ $3,428,942

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,076,729$223,904$9,300,633
Equipment$870,803$1,305,479$2,176,282
Leasehold Improvements$159,489$26,266$185,755
Other Assets Org$2,193,533--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Ernest TaylorBoard Chair
Fred BlackDirector
John McintyreDirector
Marian ParkerDirector
Mark JohnsonDirector
Danny DukesSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Red Apple Development LLCRent800 CORPORATE DRIVE SUITE 124, Ft Lauderdale, FL 33334$1,336,535
Comprehensive Therapy ConsultantsStudent Therapy854 VILLAGE GREENE, Marietta, GA 33064$114,209
Revenue and Support

Revenue Composition

Contributions and Grants
$15,079,314
Program Service Revenue
$319,145
Investment Income
$34
Other Revenue
$85,124
Change in Net Assets
$902,631

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,483,617
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,483,617
Total Revenue per Form 990
$15,483,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,421,316
Other Expenses$7,159,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,159,107$563,923-$5,723,030
Occupancy-$1,729,374-$1,729,374
Other Employee Benefits$1,052,166$101,453-$1,153,619
Interest-$900,363-$900,363
All Other Expenses$609,996$233,982-$843,978
Other Expenses$376,412$567,251-$567,251
Payroll Taxes$487,426$57,241-$544,667
Office Expenses$356,487$112,088-$468,575
Insurance-$127,190-$127,190
Travel-$43,136-$43,136
Fees for Services Accounting-$13,750-$13,750
Fees for Services Legal-$7,789-$7,789
Total Functional Expenses$8,079,020$6,501,966$0$14,580,986

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,580,986
Total Expenses per Audited Statements$14,580,986
Total Expenses per Form 990$14,580,986
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$5,496,915
Deferred Inflows$1,916,341
Note Payable$440,144
Compensated Absences$36,290

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADevelopment Authority of the City of Senoia Georgia2014-06-15$100To provide funds for acquisition of coweta charter academy building/facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,485,000--$814,249

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The foundation contracted with a charter school management company to be accountable to the board for the administration, operation, and performance of the charter school in accordance with the charter agreement.”

Form 990, Part VI, Section B, Line 11

“A copy of form 990 was provided to the board of directors by the foundation's independent accounting firm. It was reviewed and approved by the governing board prior to government submission.”

Form 990, Part VI, Section B, Line 12

“Board members are required to complete a conflict of interest questionnaire each year.”

Form 990, Part VI, Section C, Line 18

“The foundation makes its form 1023 and form 990 available upon request.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflicts of interest policy, and financial statements available are made available upon request to the management company.”

Filing and Contact Details

Filer

Filer Name
Georgia Charter Educational Foundation
EIN
27-0453195
Phone
9544164075
Address
800 CORPORATE DRIVE NO 124, FT LAUDERDALE, FL 33334

Signing Officer

Name
Danny Dukes
Title
Treasurer
Phone
9542023500
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny Dukes
Formed
2009
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Adam Fraley
Phone
7709558600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net pension liability as of june 30, 2014 -5,655,593. Deferred outflows of resources 545,094. Restatement for gasb 65 and reporting bond issuance costs -803,963. Restatement for underaccrual of state qbe funding 845,586.”

Form 990, Part XII, Line 2C

“The board of directors oversees the audit process. The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 463 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/OtherExpensesGrp/TotalAmt1711390
IRS990/OtherExpensesGrp/TotalAmt2689113
IRS990/OtherExpensesGrp/TotalAmt3567251
IRS990/OtherLiabilitiesGrp/BOYAmt0710636
IRS990/OtherLiabilitiesGrp/EOYAmt07889690
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt085124
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt085124
IRS990/OtherRevenueTotalAmt085124
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0563923
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05159107
IRS990/OtherSalariesAndWagesGrp/TotalAmt05723030
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt057241
IRS990/PayrollTaxesGrp/ProgramServicesAmt0487426
IRS990/PayrollTaxesGrp/TotalAmt0544667
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018607
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020668
IRS990/PrincipalOfficerNm0DANNY DUKES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0CHEROKEE SCHOOL LUNCHES
IRS990/ProgramServiceRevenueGrp/Desc1COWETA SCHOOL LUNCHES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0172813
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1146332
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0172813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146332
IRS990/ProgSrvcAccomActy2Grp/Desc0COWETA CHARTER ACADEMY AT SENOIA: A DEPARTMENT OF THE GEORGIA CHARTEREDUCATIONAL FOUNDATION, INC. AND PROVIDES TUITION FREE EDUCATIONALSERVICES TO STUDENTS FROM KINDERGARTEN TO EIGHTH (K-8) GRADE WHO RESIDEIN COWETA COUNTY IN GEORGIA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03757053
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0179453
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011953314
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt06479319
IRS990/PYOtherRevenueAmt0116038
IRS990/PYProgramServiceRevenueAmt0324167
IRS990/PYRevenuesLessExpensesAmt0-808750
IRS990/PYSalariesCompEmpBnftPaidAmt06722950
IRS990/PYTotalExpensesAmt013202269
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012393519
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0902631
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0224816
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09076729
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0223904
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09300633
IRS990ScheduleD/EquipmentGrp/BookValueAmt0870803
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01305479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02176282
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014580986
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0159489
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026266
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0185755
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01223718
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21639384
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32193533
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM OTHER ENTITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0440144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15496915
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt236290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31916341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015483617
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010107021
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05098546
IRS990ScheduleD/TotalExpensesPerForm990Amt014580986
IRS990ScheduleD/TotalLiabilityAmt07889690
IRS990ScheduleD/TotalRevenuePerForm990Amt015483617
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015483617
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014580986
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION INCLUDES PUBLIC CHARTER SCHOOLS ORGANIZED UNDER GEORGIA STATUTES. ALL NONDISCRIMINATORY INFORMATION IS AVAILABLE THROUGH VARIOUS PUBLIC ANNOUCEMENTS AND PUBLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES COMPENSATION FOR SERVICES IN THE FORM OF AWARDS, GRANTS AND OTHER SUBSIDIES FROM FEDERAL, STATE AND LOCAL GOVERNMENTS, WHICH ALSO INCLUDES FUNDING FOR STUDENT ENROLLMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02014-06-15
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt0100
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0DEVELOPMENT AUTHORITY OF THE CITY OF SENOIA GEORGIA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO PROVIDE FUNDS FOR ACQUISITION OF COWETA CHARTER ACADEMY BUILDING/FACILITY
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt09435171
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01555605
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0814249
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02014
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt012485000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt0500000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION CONTRACTED WITH A CHARTER SCHOOL MANAGEMENT COMPANY TO BE ACCOUNTABLE TO THE BOARD FOR THE ADMINISTRATION, OPERATION, AND PERFORMANCE OF THE CHARTER SCHOOL IN ACCORDANCE WITH THE CHARTER AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BY THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM. IT WAS REVIEWED AND APPROVED BY THE GOVERNING BOARD PRIOR TO GOVERNMENT SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE ARE MADE AVAILABLE UPON REQUEST TO THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NET PENSION LIABILITY AS OF JUNE 30, 2014 -5,655,593. DEFERRED OUTFLOWS OF RESOURCES 545,094. RESTATEMENT FOR GASB 65 AND REPORTING BOND ISSUANCE COSTS -803,963. RESTATEMENT FOR UNDERACCRUAL OF STATE QBE FUNDING 845,586.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt012485000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt012485000
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014577394
IRS990/TotalAssetsEOYAmt018006336
IRS990/TotalAssetsGrp/BOYAmt014577394
IRS990/TotalAssetsGrp/EOYAmt018006336
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt015079314
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06501966

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,006,336
Liabilities
$22,287,069
Net assets
-$4,280,733
Revenue
$15,483,617
Expenses
$14,580,986
Net income
$902,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$24.3$6.75$10.8$10.9$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$18.2$4.44$8.71$8.74$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$17.9$4.43$8.05$8.56$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$17.5$3.92$7.18$7.75$0.57
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$16.3$3.36$6.34$7.04$0.70
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$22.9$5.23$14.6$15.3$0.70
2016Detailed filing. Detailed filing data is available for this year.$17.5$22.0$4.53$14.7$15.0$0.25
2015Detailed filing. Detailed filing data is available for this year.$18.0$22.3$4.28$15.5$14.6$0.90
2014Detailed filing. Detailed filing data is available for this year.$14.6$14.7$0.11$12.4$13.2$0.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.83$0.69$9.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$1.07$0.66$7.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.30$0.22$1.83
Peer Organizations

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