Civic Intelligence

The Galileo School Foundation Inc

EIN 27-3272719 • 501(c)3 • Sanford, FL

Profile

To operate a charter school in seminole county, florida

3900 E State Road 46Sanford, FL 32771

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.91x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

2.09x

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

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$177,118

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$41,881,660

Up $7,399,759 (+21%) from 2022

Liabilities

Up

$38,289,263

Up $4,251,520 (+12%) from 2022

Net Assets

Up

$3,592,397

Up $3,148,239 (+709%) from 2022

Revenue

Up

$18,301,702

Up $6,053,952 (+49%) from 2022

Expenses

Up

$15,319,781

Up $1,945,267 (+15%) from 2022

Net Income

Up

$2,981,921

Up $4,108,685 (+365%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2012: $103,917Liabilities 2012: $31,525Net Assets 2012: $72,3922012Assets 2013: $220,287Liabilities 2013: $55,774Net Assets 2013: $164,5132013Assets 2014: $241,594Liabilities 2014: $51,771Net Assets 2014: $189,8232014Assets 2015: $195,393Liabilities 2015: $6,920Net Assets 2015: $188,4732015Assets 2018: $1,245,259Liabilities 2018: $373,873Net Assets 2018: $871,3862018Assets 2019: $1,399,213Liabilities 2019: $392,083Net Assets 2019: $1,007,1302019Assets 2020: $2,343,062Liabilities 2020: $1,394,386Net Assets 2020: $948,6762020Assets 2021: $3,404,046Liabilities 2021: $1,833,124Net Assets 2021: $1,570,9222021Assets 2022: $34,481,901Liabilities 2022: $34,037,743Net Assets 2022: $444,1582022Assets 2025: $41,881,660Liabilities 2025: $38,289,263Net Assets 2025: $3,592,3972025

Highlighted filing

2025

Assets$41,881,660
Liabilities$38,289,263
Net Assets$3,592,397

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $1,017,7342012Expenses 2013: $1,187,4632013Revenue 2014: $1,635,022Expenses 2014: $1,609,712Net Income 2014: $25,3102014Revenue 2015: $2,026,289Expenses 2015: $2,027,639Net Income 2015: -$1,3502015Revenue 2018: $5,037,742Expenses 2018: $4,845,158Net Income 2018: $192,5842018Revenue 2019: $5,164,706Expenses 2019: $5,028,962Net Income 2019: $135,7442019Revenue 2020: $5,209,481Expenses 2020: $5,267,935Net Income 2020: -$58,4542020Revenue 2021: $10,815,538Expenses 2021: $10,193,292Net Income 2021: $622,2462021Revenue 2022: $12,247,750Expenses 2022: $13,374,514Net Income 2022: -$1,126,7642022Revenue 2025: $18,301,702Expenses 2025: $15,319,781Net Income 2025: $2,981,9212025

Highlighted filing

2025

Revenue$18,301,702
Expenses$15,319,781
Net Income$2,981,921

Filings

Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 10, 2023
Return Version
2021v4.1
Gross Receipts
$12,263,805
Mission and Program Overview

Mission

To operate a charter school in seminole county, florida

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$748,094$30,379,560▲ $29,631,466
Rtn Earn Endowment Incm Other Fnds$1,005,540$3,107,617▲ $2,102,077
Cash and Non-Interest-Bearing Accounts$2,593,907$2,197,233▼ $396,674
Savings and Temporary Cash Investments-$1,811,221-
Prepaid Expenses and Deferred Charges$50,000$90,316▲ $40,316
Accounts Receivable$12,045$3,571▼ $8,474
Pd in Cap Srpls Land Bldg Eqp Fund$565,382$-2,663,459▼ $3,228,841
Total Assets$3,404,046$34,481,901▲ $31,077,855
Liabilities
Tax Exempt Bond Liabilities-$33,043,019-
Accounts Payable and Accrued Expenses$860,928$994,724▲ $133,796
Unsecured Notes Loans Payable$789,484--
Mortgage Notes Payable Secured by Investment Property$182,712--
Total Liabilities$1,833,124$34,037,743▲ $32,204,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,570,922$444,158▼ $1,126,764
Total Liabilities and Net Assets / Fund Balance$3,404,046$34,481,901▲ $31,077,855

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,882,418$702,404-
Other Land Buildings$191,034$62,771-
Land$2,137,265--
Equipment$168,843$211,369-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle NunezPrincipalFT$159,135$159,135
Michelle Nunez--$159,135$159,135

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,959,680
Investment Income
$4,102
Other Revenue
$1,283,968
Change in Net Assets
$-1,126,764

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,247,750
Total Revenue per Audited Statements
$12,247,750
Total Revenue per Form 990
$12,247,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,374,514
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$2,816,257$148,069$0$2,964,326
Interest$2,005,232$0$0$2,005,232
Depreciation Depletion$767,979$0$0$767,979
Other Expenses$15,138$0$0$15,138
Total Functional Expenses$13,226,445$148,069$0$13,374,514

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,374,514
Total Expenses per Audited Statements$1,374,514
Total Expenses per Form 990$1,374,514
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$67,834
Fundraising Direct Expenses$16,055
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Funrun$41,509$41,509$12,981$28,528
Virtual Gala$13,841$13,841$2,721$11,120
Total Events$67,834$67,834$16,055$51,779
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Galileo School Foundation Inc2021-07-20$29,645,000EDUCATIONAL FACILITY
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
The Galileo School Foundation Inc
EIN
27-3272719
Phone
3212499221
Address
3900 E STATE ROAD 46, SANFORD, FL 32771

Signing Officer

Name
Michele Gill
Title
Board Chair
Phone
3212499221
Signed
2023-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Gill
Formed
2011
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
205
Volunteers
25

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.

Form 990, Part IX, Line 24E

Community services 109677. 109677. 0. 0.

Form 990, Part IX, Line 24E

Board 21314. 0. 21314. 0.

Form 990, Part IX, Line 24E

General administration 126755. 0. 126755. 0.

Form 990, Part IX, Line 24E

School administration 1506095. 1506095. 0. 0.

Form 990, Part IX, Line 24E

Fiscal services 106113. 106113. 0. 0.

Form 990, Part IX, Line 24E

Food services 66591. 66591. 0. 0.

Form 990, Part IX, Line 24E

Central services 12503. 12503. 0. 0.

Form 990, Part IX, Line 24E

Operation of plant 895713. 895713. 0. 0.

Form 990, Part IX, Line 24E

Maintenance of plant 14375. 14375. 0. 0.

Form 990, Part IX, Line 24E

Facilities 105190. 105190. 0. 0.

Financial Statement Notes

Pt X, Line 2

The School is exempt from Federal tax under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related note to financial statements. The Schools income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.

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IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0FTE-PER STUDENT FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT LUNCHES
IRS990/ProgramServiceRevenueGrp/Desc2BEFORE/AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc3FEDERAL FUNDS
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2466141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3787375
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
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IRS990/PYContributionsGrantsAmt0146134
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IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt010193292
IRS990/PYOtherRevenueAmt0167840
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IRS990/PYTotalExpensesAmt010193292
IRS990/PYTotalRevenueAmt010815538
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IRS990/ReconcilationRevenueExpnssAmt0-1126764
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012247750
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01005540
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03107617
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01811221
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0168843
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0211369
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0380212
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02137265
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0191034
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062771
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0253805
IRS990ScheduleD/RevenueSubtotalAmt012247750
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from Federal tax under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related note to financial statements. The Schools income tax returns for the past three years are subject to examination by tax authorities and may change upon examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
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IRS990ScheduleD/TotalExpensesPerForm990Amt01374514
IRS990ScheduleD/TotalRevenuePerForm990Amt012247750
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012247750
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01374514
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/ExplanationTxt0RECEIVES GRANTS THROUGH THE FLORIDA DEPARTMENT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHUES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES, AND VIDEOS NA
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0VIRTUAL GALA
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013841
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt012484
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013841
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt012484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt067834
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt051779
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0353
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHELLE NUNEZ
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-07-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273272719
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0273272719
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt029645000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0THE GALILEO SCHOOL FOUNDATION INC
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0EDUCATIONAL FACILITY

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