Civic Intelligence

Minneola Charter Schools Inc.

990 • Fiscal year 2021 • EIN 45-0468799

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 10, 2022

Organization ProfileLAKE.K12.FL.US/MOE

View Organization Page

320 East Pearl StreetMinneola, FL 34715

(352) 394-2600

Siviq Scores

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

Liabilities / Assets

88th percentile

0.82x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.89x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

17th percentile

-2.6%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$104,406

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

65th percentile

17%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

56th percentile

16%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$14,354,456

Up $2,076,707 (+17%) from 2020

Net Assets

Down

$2,576,670

Down $168,651 (-6.1%) from 2020

Liabilities

Up

$11,777,786

Up $2,245,358 (+24%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin17th percentile

Revenue

Up

$13,195,890

Up $1,829,272 (+16%) from 2020

Expenses

Up

$13,540,121

Up $1,969,242 (+17%) from 2020

Net Income

Down

-$344,231

Down $139,970 (-69%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $4,673,583Liabilities 2011: $1,132,263Net Assets 2011: $3,541,3202011Assets 2012: $5,169,898Liabilities 2012: $1,655,577Net Assets 2012: $3,514,3212012Assets 2013: $5,202,355Liabilities 2013: $1,248,088Net Assets 2013: $3,954,2672013Assets 2014: $5,732,433Liabilities 2014: $1,327,037Net Assets 2014: $4,405,3962014Assets 2015: $7,000,572Liabilities 2015: $4,889,939Net Assets 2015: $2,110,6332015Assets 2016: $7,913,901Liabilities 2016: $5,507,551Net Assets 2016: $2,406,3502016Assets 2017: $10,034,488Liabilities 2017: $7,441,701Net Assets 2017: $2,592,7872017Assets 2018: $10,634,693Liabilities 2018: $7,892,995Net Assets 2018: $2,741,6982018Assets 2019: $11,556,334Liabilities 2019: $8,606,752Net Assets 2019: $2,949,5822019Assets 2020: $12,277,749Liabilities 2020: $9,532,428Net Assets 2020: $2,745,3212020Assets 2021: $14,354,456Liabilities 2021: $11,777,786Net Assets 2021: $2,576,6702021Assets 2022: $14,329,481Liabilities 2022: $10,249,789Net Assets 2022: $4,079,6922022Assets 2023: $15,176,949Liabilities 2023: $9,864,377Net Assets 2023: $5,312,5722023Assets 2024: $18,938,838Liabilities 2024: $9,784,953Net Assets 2024: $9,153,8852024Assets 2025: $19,056,642Liabilities 2025: $11,044,876Net Assets 2025: $8,011,7662025

Highlighted filing

2021

Assets$14,354,456
Liabilities$11,777,786
Net Assets$2,576,670
Open 2021 Filing

Operations Trend

Revenue Growth56th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,920,577Expenses 2011: $6,903,130Net Income 2011: $17,4472011Revenue 2012: $6,019,233Expenses 2012: $6,046,232Net Income 2012: -$26,9992012Revenue 2013: $6,339,273Expenses 2013: $5,899,327Net Income 2013: $439,9462013Revenue 2014: $7,099,642Expenses 2014: $6,648,513Net Income 2014: $451,1292014Revenue 2015: $7,598,234Expenses 2015: $6,946,612Net Income 2015: $651,6222015Revenue 2016: $7,556,418Expenses 2016: $7,142,861Net Income 2016: $413,5572016Revenue 2017: $7,877,341Expenses 2017: $7,690,904Net Income 2017: $186,4372017Revenue 2018: $8,052,714Expenses 2018: $7,788,646Net Income 2018: $264,0682018Revenue 2019: $9,901,497Expenses 2019: $9,693,613Net Income 2019: $207,8842019Revenue 2020: $11,366,618Expenses 2020: $11,570,879Net Income 2020: -$204,2612020Revenue 2021: $13,195,890Expenses 2021: $13,540,121Net Income 2021: -$344,2312021Revenue 2022: $14,463,653Expenses 2022: $12,960,631Net Income 2022: $1,503,0222022Revenue 2023: $17,906,854Expenses 2023: $16,673,975Net Income 2023: $1,232,8792023Revenue 2024: $17,249,779Expenses 2024: $13,408,466Net Income 2024: $3,841,3132024Revenue 2025: $16,870,560Expenses 2025: $18,012,679Net Income 2025: -$1,142,1192025

Highlighted filing

2021

Revenue$13,195,890
Expenses$13,540,121
Net Income-$344,231
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 10, 2022
Return Version
2020v4.2
Gross Receipts
$13,195,890
Mission and Program Overview

Mission

To provide an exceptional educational program committed to producing a strong academic student with good judgement, discipline, and drive, while also establishing a new form of accountability for schools.

Provide a nurturing, supportive, and learning environment so students can reach their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,195,698$7,234,745▲ $1,039,047
Savings and Temporary Cash Investments$3,754,321$4,000,019▲ $245,698
Cash and Non-Interest-Bearing Accounts$126,232$301,903▲ $175,671
Prepaid Expenses and Deferred Charges$29,281$0▼ $29,281
Accounts Receivable$376$3,963▲ $3,587
Total Assets$12,277,749$14,354,456▲ $2,076,707
Other Assets Total$2,171,841$2,813,826▲ $641,985
Liabilities
Other Liabilities$9,464,799$11,506,574▲ $2,041,775
Accounts Payable and Accrued Expenses$67,629$271,212▲ $203,583
Total Liabilities$9,532,428$11,777,786▲ $2,245,358
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,638,277$2,284,752▼ $353,525
Net Assets With Donor Restrictions$107,044$291,918▲ $184,874
Total Net Assets Fund Balance$2,745,321$2,576,670▼ $168,651
Total Liabilities and Net Assets / Fund Balance$12,277,749$14,354,456▲ $2,076,707

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,484,995$402,891$4,887,886
Other Land Buildings$1,230,572$285,637$1,516,209
Land$1,324,208-$1,324,208
Equipment$161,813$22,381$184,194
Leasehold Improvements$33,157$44,298$77,455
Other Assets Org$65,890--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sherry WattsPrincipalFT$104,406$104,406

Board Members and Trustees

NameTitle
Janel PlouffeBoard Chairman
George JohnsonVice-chairman
Barbara Susan SalazarBoard Member
Cpt Michael BondBoard Member
John SchmidBoard Member
Sherilyn MooreSecretary
David HosmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$512,167
Program Service Revenue
$12,402,593
Investment Income
$5,068
Other Revenue
$276,062
Change in Net Assets
$-344,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,195,890
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$89,674
Total Revenue per Audited Statements
$13,285,564
Total Revenue per Form 990
$13,195,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,023,561
Other Expenses$2,516,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,940,082$208,576-$7,148,658
Pension Plan Contributions$1,896,816$150,093-$2,046,909
Other Employee Benefits$1,168,569$27,384-$1,195,953
Payroll Taxes$513,057$14,578-$527,635
Fees for Services Other$336,883$42,154-$379,037
Office Expenses$324,813$24,477-$349,290
Occupancy$285,169$33,303-$318,472
Depreciation Depletion$246,436$7,200-$253,636
Insurance$105,412$29,860-$135,272
All Other Expenses$102,082$3,268-$105,350
Comp Disqual Persons$101,278$3,128-$104,406
Other Expenses$71,773$7,034-$78,807
Fees for Services Accounting$22,904$22,904-$45,808
Information Technology$32,019$6,600-$38,619
Total Functional Expenses$12,904,053$636,068$0$13,540,121

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,629,795
Expenses per Audited Statements$13,540,121
Total Expenses per Form 990$13,540,121
Expenses Not Reported on Form 990$89,674
Expenses Not Reported on Financial Statements$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
Frs Pension Liability$5,930,252
His Pension Liability$2,428,434
Due to District$1,493,233
Compensated Absences$643,992
Opeb Liability$529,425
His Deferred Inflows$219,699
Frs Deferred Inflows$157,850
Opeb Deferred Outflows$103,689
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization was provided a copy of form 990 for their detail review prior to filing. The principal, assistant director of finance, and the charter board of directors review the return prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The board members are required to complete a state of florida form (form 8b memorandum of voting conflict) when a conflict of interest is brought up at a board meeting.”

Form 990, Part VI, Section B, Line 15

“The salaries of all employees are set by the school board of lake county, and any change in compensation is subject to review and approval by the school board of lake county.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Minneola Elementary School Inc
EIN
45-0468799
Phone
3523942600
Address
320 EAST PEARL STREET, MINNEOLA, FL 34715

Signing Officer

Name
Janel Plouffe
Title
Board Chairman
Phone
3523942600
Signed
2022-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janel Plouffe
Formed
2002
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
15
Volunteers
0

Preparer

Firm
Bkhm Pa
Address
1560 ORANGE AVENUE SUITE 600, WINTER PARK, FL 32789
Preparer
George K Mcnemar
Phone
4079989000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 5

“The relationship between the minneola elementary school and the lake county school district requires the employees working at the school technically be employees of the school district. As such, all payroll and payroll related costs are processed and paid by the school district. These expenses are then reimbursed by the school to the school district on a dollar for dollar basis. Reimbursements paid to the lake county school district for payroll and related benefits totaled $11,023,561 for the year. There are approximately 160 employees of the lake county school district working at the minneola elementary school. As such, these employees did not receive form w-2. The number of employees directly hired by minneola elementary school, for student transportation services, was 10 during the 2021 calendar year.”

Form 990, Part XI, Line 8

“Adjustment on part xi line 8 due to the adoption of governmental accounting standards board issued statement no. 84, fiduciary activities ("gasb 84"). This improves guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported. A $175,578 prior period adjustment is due to the identification of these fiduciary activities under the new standard.”

Financial Statement Notes

PART X, LINE 2:

“The school is an organization exempt from income taxation under section 501(a) as an entity described in section 501(c)(3) of the internal revenue code of 1986, as amended. Accordingly, no provision for federal income taxes is included in the accompanying financial statements. The school has adopted guidance related to accounting for uncertainty in income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. This guidance is applicable to not-for-profit organizations that may be conducting unrelated business activities, which are potentially subject to income taxes, including state income taxes. The school assesses its income tax positions, including its continuing tax status as a not-for-profit entity, and recognizes tax benefits only to the extent that the school believes it is "more likely than not" that its tax positions will be sustained upon an examination by the internal revenue service ("irs") or the applicable state taxing authority. Accordingly, there is no provision for federal income taxes in the school's financial statements, as the school believes all tax positions, including its continuing status as a not-for-profit entity, have a greater than 50% chance of realization in the event of an irs audit. State income taxes, which may be due in certain jurisdictions, have been assessed following the same "more likely than not" measurement threshold.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Passthrough administrative fees 89,674.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Passthrough administrative fees 89,674.”

Raw XML AppendixShowing 400 of 468 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/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AN EXCEPTIONAL EDUCATIONAL PROGRAM COMMITTED TO PRODUCING A STRONG ACADEMIC STUDENT WITH GOOD JUDGEMENT, DISCIPLINE, AND DRIVE, WHILE ALSO ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt02576670
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02284752
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt033303
IRS990/OccupancyGrp/ProgramServicesAmt0285169
IRS990/OccupancyGrp/TotalAmt0318472
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024477
IRS990/OfficeExpensesGrp/ProgramServicesAmt0324813
IRS990/OfficeExpensesGrp/TotalAmt0349290
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02171841
IRS990/OtherAssetsTotalGrp/EOYAmt02813826
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027384
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01168569
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01195953
IRS990/OtherExpensesGrp/Desc0OTHER PURCHASED SERVICE
IRS990/OtherExpensesGrp/Desc1INTERNAL ACCOUNT EXPEND
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048703
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16806
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27034
IRS990/OtherExpensesGrp/ProgramServicesAmt0434585
IRS990/OtherExpensesGrp/ProgramServicesAmt1248966
IRS990/OtherExpensesGrp/ProgramServicesAmt273209
IRS990/OtherExpensesGrp/ProgramServicesAmt371773
IRS990/OtherExpensesGrp/TotalAmt0483288
IRS990/OtherExpensesGrp/TotalAmt1248966
IRS990/OtherExpensesGrp/TotalAmt280015
IRS990/OtherExpensesGrp/TotalAmt378807
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IRS990/OtherRevenueMiscGrp/Desc0INTERNAL ACCOUNTS RECEIPTS
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt149783
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0226279
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt149783
IRS990/OtherRevenueTotalAmt0276062
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0208576
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06940082
IRS990/OtherSalariesAndWagesGrp/TotalAmt07148658
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014578
IRS990/PayrollTaxesGrp/ProgramServicesAmt0513057
IRS990/PayrollTaxesGrp/TotalAmt0527635
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0150093
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01896816
IRS990/PensionPlanContributionsGrp/TotalAmt02046909
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029281
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JANEL PLOUFFE
IRS990/PriorPeriodAdjustmentsAmt0175578
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FEES
IRS990/ProgramServiceRevenueGrp/Desc1EXTENDED LEARNING CENTER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012058198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1344395
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012058198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1344395
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0162127
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt032297
IRS990/PYOtherExpensesAmt02085385
IRS990/PYOtherRevenueAmt095457
IRS990/PYProgramServiceRevenueAmt011076737
IRS990/PYRevenuesLessExpensesAmt0-204261
IRS990/PYSalariesCompEmpBnftPaidAmt09485494
IRS990/PYTotalExpensesAmt011570879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011366618
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-344231
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012678655
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03754321
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04000019
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04484995
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0402891
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04887886
IRS990ScheduleD/EquipmentGrp/BookValueAmt0161813
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022381
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0184194
IRS990ScheduleD/ExpensesNotReportedAmt089674
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013540121
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01324208
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01324208
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033157
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt044298
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt077455
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02239015
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1508921
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt265890
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FRS DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HIS DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OPEB DEFERRED OUTFLOWS
IRS990ScheduleD/OtherExpensesIncludedAmt089674
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01230572
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0285637
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01516209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01493233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1643992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25930252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32428434
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4529425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5157850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6103689
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7219699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DISTRICT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FRS PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3HIS PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5FRS DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6OPEB DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7HIS DEFERRED INFLOWS
IRS990ScheduleD/OtherRevenueAmt089674
IRS990ScheduleD/RevenueNotReportedAmt089674
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013195890
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS AN ORGANIZATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION THAT AN ENTITY TAKES OR EXPECTS TO TAKE IN A TAX RETURN. THIS GUIDANCE IS APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS THAT MAY BE CONDUCTING UNRELATED BUSINESS ACTIVITIES, WHICH ARE POTENTIALLY SUBJECT TO INCOME TAXES, INCLUDING STATE INCOME TAXES. THE SCHOOL ASSESSES ITS INCOME TAX POSITIONS, INCLUDING ITS CONTINUING TAX STATUS AS A NOT-FOR-PROFIT ENTITY, AND RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE SCHOOL BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON AN EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR THE APPLICABLE STATE TAXING AUTHORITY. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THE SCHOOL'S FINANCIAL STATEMENTS, AS THE SCHOOL BELIEVES ALL TAX POSITIONS, INCLUDING ITS CONTINUING STATUS AS A NOT-FOR-PROFIT ENTITY, HAVE A GREATER THAN 50% CHANCE OF REALIZATION IN THE EVENT OF AN IRS AUDIT. STATE INCOME TAXES, WHICH MAY BE DUE IN CERTAIN JURISDICTIONS, HAVE BEEN ASSESSED FOLLOWING THE SAME "MORE LIKELY THAN NOT" MEASUREMENT THRESHOLD.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PASSTHROUGH ADMINISTRATIVE FEES 89,674.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PASSTHROUGH ADMINISTRATIVE FEES 89,674.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07234745
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02813826
IRS990ScheduleD/TotalExpensesPerForm990Amt013540121
IRS990ScheduleD/TotalLiabilityAmt011506574
IRS990ScheduleD/TotalRevenuePerForm990Amt013195890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013285564
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013629795
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 ORGANIZATION PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, NEWSLETTERS, LOCAL NEIGHBORHOOD EVENTS, NEWSPAPERS, OPEN HOUSES, WEBSITES AND/OR VIDEOS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL-TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. REVENUES ARE RECEIVED FROM THE EARLY LEARNING COALITION OF LAKE COUNTY THROUGH THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM, ADMINISTERED BY THE OFFICE OF EARLY LEARNING UNDER THE FLORIDA DEPARTMENT OF EDUCATION. A SEPARATE BASE STUDENT ALLOCATION PER FULL-TIME EQUIVALENT STUDENT IN THE VOLUNTARY PREKINDERGARTEN EDUCATION PROGRAM SHALL BE PROVIDED IN THE GENERAL APPROPRIATIONS ACT, TOTALING $115,648 FOR MINNEOLA CHARTER SCHOOL FOR THE 2020-2021 SCHOOL YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS PROVIDED A COPY OF FORM 990 FOR THEIR DETAIL REVIEW PRIOR TO FILING. THE PRINCIPAL, ASSISTANT DIRECTOR OF FINANCE, AND THE CHARTER BOARD OF DIRECTORS REVIEW THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A STATE OF FLORIDA FORM (FORM 8B MEMORANDUM OF VOTING CONFLICT) WHEN A CONFLICT OF INTEREST IS BROUGHT UP AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES OF ALL EMPLOYEES ARE SET BY THE SCHOOL BOARD OF LAKE COUNTY, AND ANY CHANGE IN COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE SCHOOL BOARD OF LAKE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RELATIONSHIP BETWEEN THE MINNEOLA ELEMENTARY SCHOOL AND THE LAKE COUNTY SCHOOL DISTRICT REQUIRES THE EMPLOYEES WORKING AT THE SCHOOL TECHNICALLY BE EMPLOYEES OF THE SCHOOL DISTRICT. AS SUCH, ALL PAYROLL AND PAYROLL RELATED COSTS ARE PROCESSED AND PAID BY THE SCHOOL DISTRICT. THESE EXPENSES ARE THEN REIMBURSED BY THE SCHOOL TO THE SCHOOL DISTRICT ON A DOLLAR FOR DOLLAR BASIS. REIMBURSEMENTS PAID TO THE LAKE COUNTY SCHOOL DISTRICT FOR PAYROLL AND RELATED BENEFITS TOTALED $11,023,561 FOR THE YEAR. THERE ARE APPROXIMATELY 160 EMPLOYEES OF THE LAKE COUNTY SCHOOL DISTRICT WORKING AT THE MINNEOLA ELEMENTARY SCHOOL. AS SUCH, THESE EMPLOYEES DID NOT RECEIVE FORM W-2. THE NUMBER OF EMPLOYEES DIRECTLY HIRED BY MINNEOLA ELEMENTARY SCHOOL, FOR STUDENT TRANSPORTATION SERVICES, WAS 10 DURING THE 2021 CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADJUSTMENT ON PART XI LINE 8 DUE TO THE ADOPTION OF GOVERNMENTAL ACCOUNTING STANDARDS BOARD ISSUED STATEMENT NO. 84, FIDUCIARY ACTIVITIES ("GASB 84"). THIS IMPROVES GUIDANCE REGARDING THE IDENTIFICATION OF FIDUCIARY ACTIVITIES FOR ACCOUNTING AND FINANCIAL REPORTING PURPOSES AND HOW THOSE ACTIVITIES SHOULD BE REPORTED. A $175,578 PRIOR PERIOD ADJUSTMENT IS DUE TO THE IDENTIFICATION OF THESE FIDUCIARY ACTIVITIES UNDER THE NEW STANDARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART I, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 8
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012277749
IRS990/TotalAssetsEOYAmt014354456
IRS990/TotalAssetsGrp/BOYAmt012277749
IRS990/TotalAssetsGrp/EOYAmt014354456
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0512167

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$14,354,456
Liabilities
$11,777,786
Net assets
$2,576,670
Revenue
$13,195,890
Expenses
$13,540,121
Net income
-$344,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$19.1$11.0$8.01$16.9$18.0$1.14
2024Detailed filing. Detailed filing data is available for this year.$18.9$9.78$9.15$17.2$13.4$3.84
2023Detailed filing. Detailed filing data is available for this year.$15.2$9.86$5.31$17.9$16.7$1.23
2022Detailed filing. Detailed filing data is available for this year.$14.3$10.2$4.08$14.5$13.0$1.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$11.8$2.58$13.2$13.5$0.34
2020Summary only. Only limited summary data is available for this year.$12.3$9.53$2.75$11.4$11.6$0.20
2019Detailed filing. Detailed filing data is available for this year.$11.6$8.61$2.95$9.90$9.69$0.21
2018Detailed filing. Detailed filing data is available for this year.$10.6$7.89$2.74$8.05$7.79$0.26
2017Detailed filing. Detailed filing data is available for this year.$10.0$7.44$2.59$7.88$7.69$0.19
2016Detailed filing. Detailed filing data is available for this year.$7.91$5.51$2.41$7.56$7.14$0.41
2015Summary only. Only limited summary data is available for this year.$7.00$4.89$2.11$7.60$6.95$0.65
2014Summary only. Only limited summary data is available for this year.$5.73$1.33$4.41$7.10$6.65$0.45
2013Summary only. Only limited summary data is available for this year.$5.20$1.25$3.95$6.34$5.90$0.44
2012Summary only. Only limited summary data is available for this year.$5.17$1.66$3.51$6.02$6.05$0.03
2011Summary only. Only limited summary data is available for this year.$4.67$1.13$3.54$6.92$6.90$0.02