Civic Intelligence

The Florida Charter Educational Foundation Inc

990 • Fiscal year 2020 • EIN 31-1748540

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

Organization ProfileN/A
800 Corporate Drive No 124Ft Lauderdale, FL 33334

(954) 202-3500

Siviq Scores

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

Liabilities / Assets

90th percentile

0.97x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

1.40x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

18th percentile

-1.9%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

4.0%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$118,749,726

Down $2,300,702 (-1.9%) from 2019

Net Assets

Down

$3,608,670

Down $923,458 (-20%) from 2019

Liabilities

Down

$115,141,056

Down $1,377,244 (-1.2%) from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin29th percentile

Revenue

Up

$82,304,577

Up $3,142,764 (+4.0%) from 2019

Expenses

Up

$83,268,454

Up $2,799,886 (+3.5%) from 2019

Net Income

Up

-$963,877

Up $342,878 (+26%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$300M$200M$100M$0-$100MAssets 2011: $7,239,934Liabilities 2011: $945,077Net Assets 2011: $6,294,8572011Assets 2012: $43,557,418Liabilities 2012: $37,175,407Net Assets 2012: $6,382,0112012Assets 2013: $44,206,308Liabilities 2013: $38,346,443Net Assets 2013: $5,859,8652013Assets 2014: $44,994,512Liabilities 2014: $37,845,798Net Assets 2014: $7,148,7142014Assets 2015: $59,418,244Liabilities 2015: $51,782,290Net Assets 2015: $7,635,9542015Assets 2016: $73,954,230Liabilities 2016: $65,932,858Net Assets 2016: $8,021,3722016Assets 2017: $98,991,010Liabilities 2017: $91,678,980Net Assets 2017: $7,312,0302017Assets 2018: $99,650,245Liabilities 2018: $93,904,102Net Assets 2018: $5,746,1432018Assets 2019: $121,050,428Liabilities 2019: $116,518,300Net Assets 2019: $4,532,1282019Assets 2020: $118,749,726Liabilities 2020: $115,141,056Net Assets 2020: $3,608,6702020Assets 2021: $156,543,730Liabilities 2021: $154,102,199Net Assets 2021: $2,441,5312021Assets 2022: $192,676,238Liabilities 2022: $195,517,237Net Assets 2022: -$2,840,9992022Assets 2023: $193,775,713Liabilities 2023: $200,642,378Net Assets 2023: -$6,866,6652023Assets 2024: $229,568,551Liabilities 2024: $232,379,466Net Assets 2024: -$2,810,9152024

Highlighted filing

2020

Assets$118,749,726
Liabilities$115,141,056
Net Assets$3,608,670
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

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

$150M$100M$50M$0-$50MExpenses 2011: $9,982,2712011Expenses 2012: $22,884,2602012Expenses 2013: $32,359,1652013Revenue 2014: $39,916,304Expenses 2014: $38,598,933Net Income 2014: $1,317,3712014Revenue 2015: $41,579,955Expenses 2015: $41,065,433Net Income 2015: $514,5222015Revenue 2016: $45,367,954Expenses 2016: $44,979,289Net Income 2016: $388,6652016Revenue 2017: $54,641,091Expenses 2017: $55,298,949Net Income 2017: -$657,8582017Revenue 2018: $62,274,343Expenses 2018: $63,847,279Net Income 2018: -$1,572,9362018Revenue 2019: $79,161,813Expenses 2019: $80,468,568Net Income 2019: -$1,306,7552019Revenue 2020: $82,304,577Expenses 2020: $83,268,454Net Income 2020: -$963,8772020Revenue 2021: $97,506,587Expenses 2021: $98,535,093Net Income 2021: -$1,028,5062021Revenue 2022: $102,486,077Expenses 2022: $106,601,589Net Income 2022: -$4,115,5122022Revenue 2023: $114,576,245Expenses 2023: $118,594,610Net Income 2023: -$4,018,3652023Revenue 2024: $142,458,690Expenses 2024: $138,402,940Net Income 2024: $4,055,7502024

Highlighted filing

2020

Revenue$82,304,577
Expenses$83,268,454
Net Income-$963,877
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.2
Gross Receipts
$140,821,974
Mission and Program Overview

Mission

The foundation operates clay charter academy located in clay county florida, keys gate charter school located in miami-dade county florida and henderson hammock charter school, winthrop charter school and woodmont charter school, located in hillsborough county florida.

The foundation operates clay charter academy, keys gate charter school, henderson hammock charter school, winthrop charter school, and woodmont charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$89,173,811$85,827,896▼ $3,345,915
Cash and Non-Interest-Bearing Accounts$14,157,583$15,746,812▲ $1,589,229
Savings and Temporary Cash Investments$15,045,305$15,156,492▲ $111,187
Other Notes and Loans Receivable, Net$1,225,000$925,000▼ $300,000
Prepaid Expenses and Deferred Charges$268,434$273,306▲ $4,872
Total Assets$121,050,428$118,749,726▼ $2,300,702
Other Assets Total$1,180,295$820,220▼ $360,075
Liabilities
Tax Exempt Bond Liabilities$104,754,661$104,317,311▼ $437,350
Other Liabilities$6,036,690$6,316,462▲ $279,772
Accounts Payable and Accrued Expenses$4,967,011$3,618,182▼ $1,348,829
Deferred Revenue$44,295$479,105▲ $434,810
Mortgage Notes Payable Secured by Investment Property$715,643$409,996▼ $305,647
Total Liabilities$116,518,300$115,141,056▼ $1,377,244
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,532,128$3,608,670▼ $923,458
Total Net Assets Fund Balance$4,532,128$3,608,670▼ $923,458
Total Liabilities and Net Assets / Fund Balance$121,050,428$118,749,726▼ $2,300,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$81,082,572$10,697,913$91,780,485
Equipment$3,778,948$12,637,069$16,416,017
Leasehold Improvements$966,376$1,268,409$2,234,785
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Valora ColeChair
Eric JohnsonVice Chair
Roderick CunninghamDirector
Steve KnoblDirector
Ramdas Chandra PhdSecretary
Randy WalkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ren Apple Development LLCRent800 CORPORATE DRIVE STE 124, Fort Lauderdale, FL 33334$2,063,695
10jin Soulutions LLCDatabase800 CORPORATE DRIVE STE 424, Fort Lauderdale, FL 33334$655,404
Revenue and Support

Revenue Composition

Contributions and Grants
$6,086,977
Program Service Revenue
$75,736,156
Investment Income
$472,069
Other Revenue
$9,375
All Other Contributions
$478,312
Change in Net Assets
$-963,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$79,998,835
Revenue Not Reported on Financial Statements
$2,305,742
Revenue Not Reported on Form 990
$40,419
Other Revenue Adjustments
$2,305,742
Total Revenue per Audited Statements
$80,039,254
Total Revenue per Form 990
$82,304,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,064,898
Salaries, Compensation, and Employee Benefits$39,203,556
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,388,806$3,015,648-$33,404,454
Fees for Services Other$3,922,028$6,030,118-$9,952,146
Interest-$7,854,212-$7,854,212
Depreciation Depletion$4,563,422$204,388-$4,767,810
Occupancy$4,437,363$198,742-$4,636,105
Other Employee Benefits$2,827,519$323,274-$3,150,793
Payroll Taxes$2,269,777$259,507-$2,529,284
All Other Expenses$2,431,406$63,846-$2,495,252
Other Expenses$2,339,782$104,777-$2,444,559
Information Technology$525,571$577,850-$1,103,421
Insurance$782,968$36,419-$819,387
Advertising$301,114$59,414-$360,528
Office Expenses$231,002$75,734-$306,736
Pension Plan Contributions$106,813$12,212-$119,025
Travel$36,533$54,299-$90,832
Total Functional Expenses$63,956,629$19,311,825$0$83,268,454

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$83,268,454
Expenses per Audited Statements$80,962,712
Total Expenses per Audited Statements$80,962,712
Expenses Not Reported on Financial Statements$2,305,742
Other Expense Adjustments$2,305,742
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
Due to Other Entities$2,253,537
Bonds Payable, Net of Unamortized Premium/discount$2,156,193
Custodial Funds$974,836
Compensated Absences$475,306
Capital Lease$456,590

Bond Issues

BondIssuerIssuedIssue PricePurpose
CFlorida Development Finance Corporation2016-12-13$40,900,000Provide funds for acquisition, construction, & equipping charter schools
AFlorida Development Finance Corporation2011-11-30$30,045,000Provide funds for acquisition, construction, & equipping charter schools
DFlorida Development Finance Corporation2018-09-17$26,285,000Provide funds for acquisition, construction, & equipping charter schools
BFlorida Development Finance Corporation2014-07-01$13,400,000Provide funds for acquisition, construction, & equipping charter schools

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$40,900,000--$1,119,026
C$26,285,000--$1,161,700
A$13,400,000--$266,437
D----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The foundation hired a professional charter school management company to oversee the day to day operations of clay charter academy, keys gate charter school, henderson hammock charter school, winthrop charter school, and woodmont charter school.”

Form 990, Part VI, Section B, Line 11B

“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 12C

“The conflict of interest policy is monitored during the annual audit. Board members are required to disclose any conflicts of interest that occured during the year under audit.”

Form 990, Part VI, Section C, Line 18

“The foundation makes its form 1023 and form 990 available upon request to the management company.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Florida Charter Educational
EIN
31-1748540
Phone
9542023500
Address
800 CORPORATE DRIVE NO 124, FT LAUDERDALE, FL 33334

Signing Officer

Name
Valora Cole
Title
Chair
Phone
9542023500
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valora Cole
Formed
2000
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
KEEFE MCCULLOUGH & CO LLP CPA'S
Address
6550 N FEDERAL HIGHWAY SUITE 410, FT LAUDERDALE, FL 33308
Preparer
William G Benson
Phone
9547710896
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted and vendor services: program service expenses 3,873,869. Management and general expenses 5,706,278. Fundraising expenses 0. Total expenses 9,580,147. Professional services: program service expenses 48,159. Management and general expenses 323,840. Fundraising expenses 0. Total expenses 371,999.”

Form 990, Part XII, 2C

“The board of directors oversees the audit process. The process has not changed over the past year.”

Form 990, Part XII, 3B

“An audit as required as set forth in the single audit act was performed.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“School board fees refund 2,305,742.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“School board fees refund 2,305,742.”

Raw XML AppendixShowing 400 of 674 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/ActivityOrMissionDesc0THE FOUNDATION OPERATES CLAY CHARTER ACADEMY, KEYS GATE CHARTER SCHOOL, HENDERSON HAMMOCK CHARTER SCHOOL, WINTHROP CHARTER SCHOOL, AND WOODMONT CHARTER SCHOOL.
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IRS990/LandBldgEquipCostOrOtherBssAmt0110431287
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt058517397
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION OPERATES CLAY CHARTER ACADEMY LOCATED IN CLAY COUNTY FLORIDA, KEYS GATE CHARTER SCHOOL LOCATED IN MIAMI-DADE COUNTY FLORIDA AND HENDERSON HAMMOCK CHARTER SCHOOL, WINTHROP CHARTER SCHOOL AND WOODMONT CHARTER SCHOOL, LOCATED IN HILLSBOROUGH COUNTY FLORIDA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0715643
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0409996
IRS990/NetAssetsOrFundBalancesBOYAmt04532128
IRS990/NetAssetsOrFundBalancesEOYAmt03608670
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt049497
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt049497
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt040419
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04532128
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03608670
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0198742
IRS990/OccupancyGrp/ProgramServicesAmt04437363
IRS990/OccupancyGrp/TotalAmt04636105
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt075734
IRS990/OfficeExpensesGrp/ProgramServicesAmt0231002
IRS990/OfficeExpensesGrp/TotalAmt0306736
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01180295
IRS990/OtherAssetsTotalGrp/EOYAmt0820220
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0323274
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02827519
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03150793
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SCHOOL BOARD FEES
IRS990/OtherExpensesGrp/Desc2MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0156231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1285154
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2104777
IRS990/OtherExpensesGrp/ProgramServicesAmt03488209
IRS990/OtherExpensesGrp/ProgramServicesAmt13023515
IRS990/OtherExpensesGrp/ProgramServicesAmt22280801
IRS990/OtherExpensesGrp/ProgramServicesAmt32339782
IRS990/OtherExpensesGrp/TotalAmt03644440
IRS990/OtherExpensesGrp/TotalAmt13023515
IRS990/OtherExpensesGrp/TotalAmt22565955
IRS990/OtherExpensesGrp/TotalAmt32444559
IRS990/OtherLiabilitiesGrp/BOYAmt06036690
IRS990/OtherLiabilitiesGrp/EOYAmt06316462
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09375
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09375
IRS990/OtherRevenueTotalAmt09375
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03015648
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030388806
IRS990/OtherSalariesAndWagesGrp/TotalAmt033404454
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01225000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0925000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0259507
IRS990/PayrollTaxesGrp/ProgramServicesAmt02269777
IRS990/PayrollTaxesGrp/TotalAmt02529284
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012212
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0106813
IRS990/PensionPlanContributionsGrp/TotalAmt0119025
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0268434
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0273306
IRS990/PrincipalOfficerNm0VALORA COLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1BEFORE AND AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt073675893
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11719001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2341262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt073675893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11719001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2341262
IRS990/ProgSrvcAccomActy2Grp/Desc0WINTHROP CHARTER SCHOOL PROVIDES EDUCATION SERVICES TO KINDERGARTEN THROUGH EIGHTH GRADE IN HILLSBOROUGH COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07650149
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt010284058
IRS990/ProgSrvcAccomActy3Grp/Desc0HENDERSON HAMMOCK CHARTER SCHOOL PROVIDES EDUCATION SERVICES TO KINDERGARTEN TO EIGHTH GRADE IN HILLSBOROUGH COUNTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07276215
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt08839822
IRS990/ProgSrvcAccomActyOtherGrp/Desc0WOODMONT CHARTER SCHOOL PROVIDES EDUCATION SERVICES TO KINDERGARTEN THOUGH EIGHTH GRADE IN HILLSBOROUGH COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1CLAY CHARTER ACADEMY PROVIDES EDUCATION SERVICES TO KINDERGARTEN TO EIGHTH GRADE IN CLAY COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2SOUTHSHORE CHARTER ACADEMY PROVIDES EDUCATION SERVICES TO KINDERGARTEN TO EIGHTH GRADE IN SOUTH SHORE COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3WATERSET CHARTER SCHOOL PROVIDES EDUCATION SERVICES TO KINDERGARTEN THROUGH EIGHTH GRADE IN HILLSBOROUGH COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4CREEKSIDE CHARTER ACADEMY PROVIDES EDUCATION SERVICES TO KINDERGARTEN TO EIGHTH GRADE IN HILLSBOROUGH COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5UNION PARK CHARTER ACADEMY PROVIDES EDUCATION SERVICES TO KINDERGARTEN TO EIGHTH GRADE IN PASCO COUNTY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt05292667
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt15347178
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt26616854
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt37511953
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt44430467
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt54180915
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt06003769
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt16058039
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt28876914
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt39201736
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt45302013
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt54877254
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06345184
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0388529
IRS990/PYOtherExpensesAmt043322305
IRS990/PYOtherRevenueAmt09107
IRS990/PYProgramServiceRevenueAmt072418993
IRS990/PYRevenuesLessExpensesAmt0-1306755
IRS990/PYSalariesCompEmpBnftPaidAmt037146263
IRS990/PYTotalExpensesAmt080468568
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt079161813
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-963877
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt016301926
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015045305
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015156492
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt081082572
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010697913
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt091780485
IRS990ScheduleD/EquipmentGrp/BookValueAmt03778948
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012637069
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016416017
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02305742
IRS990ScheduleD/ExpensesSubtotalAmt080962712
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0966376
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01268409
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02234785
IRS990ScheduleD/NetUnrealizedGainsInvstAmt040419
IRS990ScheduleD/OtherExpensesNotIncludedAmt02305742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02253537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12156193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2456590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3475306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4974836
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BONDS PAYABLE, NET OF UNAMORTIZED PREMIUM/DISCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CAPITAL LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CUSTODIAL FUNDS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02305742
IRS990ScheduleD/RevenueNotReportedAmt040419
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02305742
IRS990ScheduleD/RevenueSubtotalAmt079998835
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOOL BOARD FEES REFUND 2,305,742.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOOL BOARD FEES REFUND 2,305,742.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt085827896
IRS990ScheduleD/TotalExpensesPerForm990Amt083268454
IRS990ScheduleD/TotalLiabilityAmt06316462
IRS990ScheduleD/TotalRevenuePerForm990Amt082304577
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt080039254
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt080962712
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 FLORIDA STATUTES. ALL NONDISCRIMINATORY INFORMATION IS AVAILABLE THROUGH VARIOUS PUBLIC ANNOUCEMENTS AND PUBLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION 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

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,749,726
Liabilities
$115,141,056
Net assets
$3,608,670
Revenue
$82,304,577
Expenses
$83,268,454
Net income
-$963,877
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$230$232$2.81$142$138$4.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$194$201$6.87$115$119$4.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$193$196$2.84$102$107$4.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$154$2.44$97.5$98.5$1.03
2020Detailed filing. Detailed filing data is available for this year.$119$115$3.61$82.3$83.3$0.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$121$117$4.53$79.2$80.5$1.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.7$93.9$5.75$62.3$63.8$1.57
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.0$91.7$7.31$54.6$55.3$0.66
2016Detailed filing. Detailed filing data is available for this year.$74.0$65.9$8.02$45.4$45.0$0.39
2015Detailed filing. Detailed filing data is available for this year.$59.4$51.8$7.64$41.6$41.1$0.51
2014Detailed filing. Detailed filing data is available for this year.$45.0$37.8$7.15$39.9$38.6$1.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.2$38.3$5.86$32.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$37.2$6.38$22.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.24$0.95$6.29$9.98