Civic Intelligence

Middle School of the Arts Foundation Inc.

990 • Fiscal year 2014 • EIN 31-1660977

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 16, 2015

Organization ProfileWWW.MSOA.COM
1725 Echo Lake Drive33407

(561) 882-3870

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

41st percentile

-0.1%

Faster asset growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$2,084,627

Down $2,323 (-0.1%) from 2013

Net Assets

Down

$2,072,354

Down $11,934 (-0.6%) from 2013

Liabilities

Up

$12,273

Up $9,611 (+361%) from 2013

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin7th percentile

Revenue

$237,868

No earlier filing loaded for comparison.

Expenses

Up

$331,878

Up $19,327 (+6.2%) from 2013

Net Income

-$94,010

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,092,057Liabilities 2011: $0Net Assets 2011: $2,092,0572011Assets 2012: $2,151,504Liabilities 2012: $7,193Net Assets 2012: $2,144,3112012Assets 2013: $2,086,950Liabilities 2013: $2,662Net Assets 2013: $2,084,2882013Assets 2014: $2,084,627Liabilities 2014: $12,273Net Assets 2014: $2,072,3542014Assets 2015: $1,963,986Liabilities 2015: $4,930Net Assets 2015: $1,959,0562015Assets 2016: $1,870,702Liabilities 2016: $3,579Net Assets 2016: $1,867,1232016Assets 2017: $2,012,906Liabilities 2017: $8,049Net Assets 2017: $2,004,8572017Assets 2018: $1,986,316Liabilities 2018: $3,439Net Assets 2018: $1,982,8772018Assets 2019: $1,980,876Liabilities 2019: $3,140Net Assets 2019: $1,977,7362019Assets 2020: $1,867,729Liabilities 2020: $19,833Net Assets 2020: $1,847,8962020Assets 2021: $2,250,597Liabilities 2021: $21,562Net Assets 2021: $2,229,0352021Assets 2022: $1,915,835Liabilities 2022: $3,029Net Assets 2022: $1,912,8062022Assets 2023: $2,061,365Liabilities 2023: $95Net Assets 2023: $2,061,2702023Assets 2024: $2,246,683Liabilities 2024: $1,916Net Assets 2024: $2,244,7672024Assets 2025: $2,373,719Liabilities 2025: $0Net Assets 2025: $2,373,7192025

Highlighted filing

2014

Assets$2,084,627
Liabilities$12,273
Net Assets$2,072,354
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2011: $372,8852011Expenses 2012: $396,8112012Expenses 2013: $312,5512013Revenue 2014: $237,868Expenses 2014: $331,878Net Income 2014: -$94,0102014Revenue 2015: $526,900Expenses 2015: $355,576Net Income 2015: $171,3242015Revenue 2016: $273,830Expenses 2016: $324,758Net Income 2016: -$50,9282016Revenue 2017: $395,807Expenses 2017: $407,973Net Income 2017: -$12,1662017Revenue 2018: $363,743Expenses 2018: $450,945Net Income 2018: -$87,2022018Revenue 2019: $340,815Expenses 2019: $365,433Net Income 2019: -$24,6182019Revenue 2020: $194,384Expenses 2020: $323,402Net Income 2020: -$129,0182020Revenue 2021: $244,678Expenses 2021: $205,318Net Income 2021: $39,3602021Revenue 2022: $227,061Expenses 2022: $255,559Net Income 2022: -$28,4982022Revenue 2023: $331,379Expenses 2023: $308,762Net Income 2023: $22,6172023Revenue 2024: $458,798Expenses 2024: $333,188Net Income 2024: $125,6102024Revenue 2025: $390,429Expenses 2025: $371,685Net Income 2025: $18,7442025

Highlighted filing

2014

Revenue$237,868
Expenses$331,878
Net Income-$94,010
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 16, 2015
Return Version
2013v4.0
Gross Receipts
$237,868
Mission and Program Overview

Mission

THE MISSION OF THE MIDDLE SCHOOL OF THE ARTS FOUNDATION IS TO RAISE tHE FUNDING NEEDED TO PROVDE BAK MIDDLE SCHOOL OF THE ARTS WITH RESOURCES, OPPORTUNITIES, AND EXPERIENCES REQUIRED FOR THE HIGHEST QUALITY ARTS ENRICHED EDUCATION. THE FOUNDATION ACCOMPLISHES ITS PURPOSES BY RAISING FUNDS, WHICH ARE USED TO PROVIDE EQUIPMENT, FACILITIES, SUPPLIES, INSTRUMENTS, AND EDUCATIONAL OPPORTUNITIES THAT THE PALM BEACH COUNTY SCHOOL BOARD DOES NOT PROVIDE.

The foundation mission statement is to develop permanent resources to ensure world-class standards of excellence in arts and academics at bak middle school of the arts, which serves all the palm beach county. The foundation accomplishes its pruposes by raising funds, which are used to provide equipment, facilities, supplies, instruments, and educational opportunities that the palm beach county school board does not provide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,749,259$1,822,002▲ $72,743
Cash and Non-Interest-Bearing Accounts$265,675$196,851▼ $68,824
Savings and Temporary Cash Investments$62,963$58,202▼ $4,761
Prepaid Expenses and Deferred Charges$5,301$6,414▲ $1,113
Pledges and Grants Receivable$2,200--
Land, Buildings, and Equipment, Net$1,552$836▼ $716
Accounts Receivable-$322-
Total Assets$2,086,950$2,084,627▼ $2,323
Liabilities
Deferred Revenue-$7,800-
Other Liabilities$827$2,828▲ $2,001
Accounts Payable and Accrued Expenses$1,835$1,645▼ $190
Total Liabilities$2,662$12,273▲ $9,611
Net Assets / Fund Balance
Unrestricted Net Assets$2,021,325$2,014,152▼ $7,173
Temporarily Rstr Net Assets$62,963$58,202▼ $4,761
Total Net Assets Fund Balance$2,084,288$2,072,354▼ $11,934
Total Liabilities and Net Assets / Fund Balance$2,086,950$2,084,627▼ $2,323

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$836$1,313$2,149
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Francine MantyhChair
Karen LedermanVice Chairma
Andrea HassDirector
Brie SunscineDirector
Joanne GreenDirector
Lisa WegerDirector
Mia MatthewsDirector
Michelle HarbourDirector
Michelle SuskauerDirector
Neil BonerDirector
Patricia LeonardDirector
Rochelle MeninDirector
Shawnna TuscaiDirector
Weezie RobersonDirector
Sally RozanskiPrincipal
Romeo ChiccoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,294
Program Service Revenue
$0
Investment Income
$162,399
Other Revenue
$23,175
All Other Contributions
$15,244
Change in Net Assets
$-94,010

Audited Revenue Reconciliation

Revenue per Audited Statements
$237,868
Total Revenue per Audited Statements
$237,868
Total Revenue per Form 990
$237,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$210,510
Salaries, Compensation, and Employee Benefits$71,008
Other Expenses$50,360
Total Fundraising Expense$40,321
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$210,510--$210,510
Current Officers, Directors, Trustees, and Key Employees-$39,675$26,450$66,125
Fees for Service Investment Mgmnt Fees-$15,965-$15,965
Fees for Services Accounting-$12,405-$12,405
Office Expenses-$1,878$7,030$8,908
Insurance-$5,186-$5,186
Payroll Taxes-$2,924$1,959$4,883
Travel--$727$727
All Other Expenses-$260$459$719
Depreciation Depletion-$717-$717
Information Technology--$640$640
Advertising--$436$436
Other Expenses-$406$457$406
Occupancy-$252-$252
Total Functional Expenses$210,510$81,047$40,321$331,878

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$331,878
Expenses per Audited Statements$331,877
Total Expenses per Audited Statements$331,877
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
59-6000783-501(c)School Support$210,510
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,175
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$23,175$23,175-$23,175
Total Events$23,175$23,175-$23,175
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$2,001
Accrued Wages and Benefits$827
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 10B

“Governing documents are available upon request.”

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

“Finance committee reviews the from 990 and then makes recommendation to board of directors for approval. The board of directors makes the final approval of the annual tax return.”

Form 990, Page 6, Part VI, Line 12C

“The board had adopted policies for annual review of conflict of interest policy statements that have to be signed by all the officers and directors.”

Form 990, Page 6, Part VI, Line 15A

“The board approves any executive salary paid to executive director.”

Form 990, Page 6, Part VI, Line 15B

“No other salaries have been approved by the board of directos.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are available upon request.”

Filing and Contact Details

Filer

EIN
31-1660977
Phone
5618823870

Signing Officer

Name
Romeo Chicco
Title
Treasurer
Phone
5618823870
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Romeo Chicco
Formed
1993
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
1

Preparer

Preparer
Narda E Butner
Phone
5616533330
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation mission statement is to develop permanent resources to ensure world-class standards of excellence in arts and academics at bak middle school of the arts, which serves all the palm beach county. The foundation accomplishes its pruposes by raising funds, which are used to provide equipment, facilities, supplies, instruments, and educational opportunities that the palm beach county school board does not provide.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1”

Financial Statement Notes

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

“Book / tax depreciation difference 1”

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IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0210510
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0210510
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0210510
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0237868
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0640
IRS990/InformationTechnologyGrp/TotalAmt0640
IRS990/InsuranceGrp/ManagementAndGeneralAmt05186
IRS990/InsuranceGrp/TotalAmt05186
IRS990/InvestmentIncomeGrp/ExclusionAmt0162399
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0162399
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01749259
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01822002
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01313
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01552
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0836
IRS990/LandBldgEquipCostOrOtherBssAmt02149
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt037050
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE FOUNDATION MISSION STATEMENT IS TO DEVELOP PERMANENT RESOURCES TO ENSURE WORLD-CLASS STANDARDS OF EXCELLENCE IN ARTS AND ACADEMICS AT BAK MIDDLE SCHOOL OF THE ARTS, WHICH SERVES ALL THE PALM BEACH COUNTY. THE FOUNDATION ACCOMPLISHES ITS PRUPOSES BY RAISING FUNDS, WHICH ARE USED TO PROVIDE EQUIPMENT, FACILITIES, SUPPLIES, INSTRUMENTS, AND EDUCATIONAL OPPORTUNITIES THAT THE PALM BEACH COUNTY SCHOOL BOARD DOES NOT PROVIDE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02084288
IRS990/NetAssetsOrFundBalancesEOYAmt02072354
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt023175
IRS990/NetUnrlzdGainsLossesInvstAmt082075
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01659
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0252
IRS990/OccupancyGrp/TotalAmt0252
IRS990/OfficeExpensesGrp/FundraisingAmt07030
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01878
IRS990/OfficeExpensesGrp/TotalAmt08908
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT - PLAQUES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2DEVELOPMENT - POSTAGE AND
IRS990/OtherExpensesGrp/Desc3LICENSES AND PERMITS
IRS990/OtherExpensesGrp/FundraisingAmt02163
IRS990/OtherExpensesGrp/FundraisingAmt1457
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01379
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1406
IRS990/OtherExpensesGrp/TotalAmt02163
IRS990/OtherExpensesGrp/TotalAmt11379
IRS990/OtherExpensesGrp/TotalAmt2457
IRS990/OtherExpensesGrp/TotalAmt3406
IRS990/OtherLiabilitiesGrp/BOYAmt0827
IRS990/OtherLiabilitiesGrp/EOYAmt02828
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01959
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02924
IRS990/PayrollTaxesGrp/TotalAmt04883
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02200
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05301
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06414
IRS990/PrincipalOfficerNm0ROMEO CHICCO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt076480
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0221155
IRS990/PYInvestmentIncomeAmt0104313
IRS990/PYOtherExpensesAmt040622
IRS990/PYOtherRevenueAmt012863
IRS990/PYRevenuesLessExpensesAmt0-118895
IRS990/PYSalariesCompEmpBnftPaidAmt050774
IRS990/PYTotalExpensesAmt0312551
IRS990/PYTotalRevenueAmt0193656
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-94010
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt062963
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058202
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0596000783
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc08
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0210510
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10BAK MIDDLE SCHOOL OF THE ARTS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine20BAK MIDDLE SCHOOL OF THE ARTS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd0true
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0210510
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0836
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01313
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02149
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01
IRS990ScheduleD/ExpensesSubtotalAmt0331877
IRS990ScheduleD/OtherExpensesNotIncludedAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1827
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES AND BENEFITS
IRS990ScheduleD/RevenueSubtotalAmt0237868
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0836
IRS990ScheduleD/TotalExpensesPerForm990Amt0331878
IRS990ScheduleD/TotalLiabilityAmt02828
IRS990ScheduleD/TotalRevenuePerForm990Amt0237868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0237868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0331877
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023175
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023175
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0JAZZ BRUNCH
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0NAMING OPPORTUN
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023175
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0210510
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOOL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10BAK MIDDLE SCHOOL OF THE ARTS
IRS990ScheduleI/RecipientTable/RecipientEIN0596000783
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101725 ECHO LAKE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/City0WEST PALM BEACH
IRS990ScheduleI/RecipientTable/USAddress/State0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode033407
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MISSION STATEMENT IS TO DEVELOP PERMANENT RESOURCES TO ENSURE WORLD-CLASS STANDARDS OF EXCELLENCE IN ARTS AND ACADEMICS AT BAK MIDDLE SCHOOL OF THE ARTS, WHICH SERVES ALL THE PALM BEACH COUNTY. THE FOUNDATION ACCOMPLISHES ITS PRUPOSES BY RAISING FUNDS, WHICH ARE USED TO PROVIDE EQUIPMENT, FACILITIES, SUPPLIES, INSTRUMENTS, AND EDUCATIONAL OPPORTUNITIES THAT THE PALM BEACH COUNTY SCHOOL BOARD DOES NOT PROVIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCE COMMITTEE REVIEWS THE FROM 990 AND THEN MAKES RECOMMENDATION TO BOARD OF DIRECTORS FOR APPROVAL. THE BOARD OF DIRECTORS MAKES THE FINAL APPROVAL OF THE ANNUAL TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAD ADOPTED POLICIES FOR ANNUAL REVIEW OF CONFLICT OF INTEREST POLICY STATEMENTS THAT HAVE TO BE SIGNED BY ALL THE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD APPROVES ANY EXECUTIVE SALARY PAID TO EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO OTHER SALARIES HAVE BEEN APPROVED BY THE BOARD OF DIRECTOS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt062963
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt058202
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02086950
IRS990/TotalAssetsEOYAmt02084627
IRS990/TotalAssetsGrp/BOYAmt02086950
IRS990/TotalAssetsGrp/EOYAmt02084627

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,084,627
Liabilities
$12,273
Net assets
$2,072,354
Revenue
$237,868
Expenses
$331,878
Net income
-$94,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.39$0.37$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.24$0.46$0.33$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.33$0.31$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.91$0.23$0.26$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.02$2.23$0.24$0.21$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.85$0.19$0.32$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$0.34$0.37$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.98$0.36$0.45$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.01$0.01$2.00$0.40$0.41$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.27$0.32$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.53$0.36$0.17
2014Detailed filing. Detailed filing data is available for this year.$2.08$0.01$2.07$0.24$0.33$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.08$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.01$2.14$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.09$0.37