Civic Intelligence

Galaxy Education Inc.

990 • Fiscal year 2020 • EIN 45-3533747

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

Organization ProfileWWW.DISCOVERYACADEMY.INFO
1380 Pinehurst RoadDunedin, FL 34698

(727) 330-2424

Siviq Scores

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

Liabilities / Assets

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.16x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

44th percentile

2.8%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

89th percentile

65%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

9.3%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,551,931

Up $611,181 (+65%) from 2019

Net Assets

Up

$919,795

Up $113,898 (+14%) from 2019

Liabilities

Up

$632,136

Up $497,283 (+369%) from 2019

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin44th percentile

Revenue

Up

$4,024,640

Up $342,301 (+9.3%) from 2019

Expenses

Up

$3,910,742

Up $354,868 (+10.0%) from 2019

Net Income

Down

$113,898

Down $12,567 (-9.9%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $29,754Liabilities 2014: $30,241Net Assets 2014: -$4872014Assets 2015: $84,144Liabilities 2015: $58,030Net Assets 2015: $26,1142015Assets 2016: $222,978Liabilities 2016: $119,609Net Assets 2016: $103,3692016Assets 2017: $340,833Liabilities 2017: $150,851Net Assets 2017: $189,9822017Assets 2018: $824,307Liabilities 2018: $144,875Net Assets 2018: $679,4322018Assets 2019: $940,750Liabilities 2019: $134,853Net Assets 2019: $805,8972019Assets 2020: $1,551,931Liabilities 2020: $632,136Net Assets 2020: $919,7952020Assets 2021: $1,791,975Liabilities 2021: $219,941Net Assets 2021: $1,572,0342021Assets 2022: $1,906,413Liabilities 2022: $197,400Net Assets 2022: $1,709,0132022Assets 2023: $2,859,857Liabilities 2023: $1,272,547Net Assets 2023: $1,587,3102023Assets 2024: $17,661,814Liabilities 2024: $15,776,163Net Assets 2024: $1,885,6512024Assets 2025: $17,902,829Liabilities 2025: $15,588,978Net Assets 2025: $2,313,8512025

Highlighted filing

2020

Assets$1,551,931
Liabilities$632,136
Net Assets$919,795
Open 2020 Filing

Operations Trend

Revenue Growth64th percentile

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

$10M$5.0M$0-$5.0MRevenue 2014: $815,445Expenses 2014: $815,932Net Income 2014: -$4872014Revenue 2015: $1,104,224Expenses 2015: $1,077,623Net Income 2015: $26,6012015Revenue 2016: $1,185,901Expenses 2016: $1,108,646Net Income 2016: $77,2552016Revenue 2017: $2,283,860Expenses 2017: $2,197,247Net Income 2017: $86,6132017Revenue 2018: $3,409,607Expenses 2018: $2,920,157Net Income 2018: $489,4502018Revenue 2019: $3,682,339Expenses 2019: $3,555,874Net Income 2019: $126,4652019Revenue 2020: $4,024,640Expenses 2020: $3,910,742Net Income 2020: $113,8982020Revenue 2021: $5,006,406Expenses 2021: $4,354,167Net Income 2021: $652,2392021Revenue 2022: $4,731,890Expenses 2022: $4,594,911Net Income 2022: $136,9792022Revenue 2023: $5,645,423Expenses 2023: $5,767,126Net Income 2023: -$121,7032023Revenue 2024: $7,678,201Expenses 2024: $7,379,860Net Income 2024: $298,3412024Revenue 2025: $8,693,506Expenses 2025: $8,265,306Net Income 2025: $428,2002025

Highlighted filing

2020

Revenue$4,024,640
Expenses$3,910,742
Net Income$113,898
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$4,029,540
Mission and Program Overview

Mission

To operate a charter school in pinellas county, florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$760,422$1,320,357▲ $559,935
Rtn Earn Endowment Incm Other Fnds$713,837$762,822▲ $48,985
Land, Buildings, and Equipment, Net$92,060$156,973▲ $64,913
Pd in Cap Srpls Land Bldg Eqp Fund$92,060$156,973▲ $64,913
Prepaid Expenses and Deferred Charges$54,455$38,450▼ $16,005
Pledges and Grants Receivable$20,101$22,724▲ $2,623
Accounts Receivable$13,712$13,427▼ $285
Total Assets$940,750$1,551,931▲ $611,181
Liabilities
Unsecured Notes Loans Payable-$444,363-
Accounts Payable and Accrued Expenses$134,853$187,773▲ $52,920
Total Liabilities$134,853$632,136▲ $497,283
Net Assets / Fund Balance
Total Net Assets Fund Balance$805,897$919,795▲ $113,898
Total Liabilities and Net Assets / Fund Balance$940,750$1,551,931▲ $611,181

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,819$6,281-
Other Land Buildings$31,175--
Equipment$10,611$110,280-
Leasehold Improvements$101,368$28,189-
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Fatih DemirPresident
Agron ElmaziMember
Dr Fethullah CaliskanMember
Dr Emre AkbabaPrincipal
Dr Derya YildirimSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,865,807
Investment Income
$0
Other Revenue
$158,833
Change in Net Assets
$113,898

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,024,640
Total Revenue per Audited Statements
$4,024,640
Total Revenue per Form 990
$4,024,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,910,742
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$1,128,835$310,207$0$1,439,042
Other Expenses$0$47,153$0$47,153
Depreciation Depletion$22,310$0$0$22,310
Total Functional Expenses$3,553,382$357,360$0$3,910,742

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,910,742
Total Expenses per Audited Statements$3,910,742
Total Expenses per Form 990$3,910,742
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,532
Fundraising Direct Expenses$4,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Fundraiser$16,532$16,532$4,900$11,632
Total Events$16,532$16,532$4,900$11,632
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Galaxy Education Inc
EIN
45-3533747
Phone
7273302424
Address
1380 PINEHURST ROAD, DUNEDIN, FL 34698
Doing Business As
Discovery Academy of Science

Signing Officer

Name
Fatih Demir
Title
President
Phone
7273302424
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fatih Demir
Formed
2011
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
81
Volunteers
10

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 noard 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

“General administration 35076. 0. 35076. 0.”

Form 990, Part IX, Line 24E

“School administration 550262. 275131. 275131. 0.”

Form 990, Part IX, Line 24E

“Facilities 335606. 335606. 0. 0.”

Form 990, Part IX, Line 24E

“Fiscal services 75539. 75539. 0. 0.”

Form 990, Part IX, Line 24E

“Food services 4296. 4296. 0. 0.”

Form 990, Part IX, Line 24E

“Central services 15034. 15034. 0. 0.”

Form 990, Part IX, Line 24E

“Operation of plant 234670. 234670. 0. 0.”

Form 990, Part IX, Line 24E

“Maintenance of plant 77488. 77488. 0. 0.”

Form 990, Part IX, Line 24E

“Community services 61205. 61205. 0. 0.”

Form 990, Part IX, Line 24E

“Student support services 49672. 49672. 0. 0.”

Form 990, Part IX, Line 24E

“Instructional media 194. 194. 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.”

Raw XML Appendix396 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0134853
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0187773
IRS990/AccountsReceivableGrp/BOYAmt013712
IRS990/AccountsReceivableGrp/EOYAmt013427
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE A CHARTER SCHOOL IN PINELLAS COUNTY, FLORIDA.
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0310207
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01128835
IRS990/AllOtherExpensesGrp/TotalAmt01439042
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0DR EMRE AKBABA
IRS990/BooksInCareOfDetail/PhoneNum07273302424
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01380 PINEHURST RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0DUNEDIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd034698
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0760422
IRS990/CashNonInterestBearingGrp/EOYAmt01320357
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03910742
IRS990/CYOtherRevenueAmt0158833
IRS990/CYProgramServiceRevenueAmt03865807
IRS990/CYRevenuesLessExpensesAmt0113898
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt03910742
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04024640
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt022310
IRS990/DepreciationDepletionGrp/TotalAmt022310
IRS990/Desc0TO OPERATE A CHARTER SCHOOL IN PINELLAS COUNTY, FLORIDA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0DISCOVERY ACADEMY OF SCIENCE
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt081
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt03553382
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0FATIH DEMIR
IRS990/Form990PartVIISectionAGrp/PersonNm1DR FETHULLAH CALISKAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DR DERYA YILDIRIM
IRS990/Form990PartVIISectionAGrp/PersonNm3AGRON ELMAZI
IRS990/Form990PartVIISectionAGrp/PersonNm4DR EMRE AKBABA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt04900
IRS990/FundraisingGrossIncomeAmt016532
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04029540
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0144750
IRS990/LandBldgEquipBasisNetGrp/BOYAmt092060
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0156973
IRS990/LandBldgEquipCostOrOtherBssAmt0301723
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OPERATE A CHARTER SCHOOL IN PINELLAS COUNTY, FLORIDA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0805897
IRS990/NetAssetsOrFundBalancesEOYAmt0919795
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011632
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011632
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0INSTRUCTION
IRS990/OtherExpensesGrp/Desc1INSTRUCTION & CURRICULUM DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL STAFF TRAINING
IRS990/OtherExpensesGrp/Desc3BOARD
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt347153
IRS990/OtherExpensesGrp/ProgramServicesAmt02395417
IRS990/OtherExpensesGrp/ProgramServicesAmt16020
IRS990/OtherExpensesGrp/ProgramServicesAmt2800
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt02395417
IRS990/OtherExpensesGrp/TotalAmt16020
IRS990/OtherExpensesGrp/TotalAmt2800
IRS990/OtherExpensesGrp/TotalAmt347153
IRS990/OtherRevenueMiscGrp/BusinessCd0990009
IRS990/OtherRevenueMiscGrp/Desc0MISC LOCAL REV
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0147201
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0147201
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0147201
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt092060
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0156973
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020101
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022724
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054455
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038450
IRS990/PrincipalOfficerNm0FATIH DEMIR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0990009
IRS990/ProgramServiceRevenueGrp/BusinessCd1990009
IRS990/ProgramServiceRevenueGrp/Desc0FTE PER STUDENT FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1FEDERAL FUNDS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03845675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120132
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03555874
IRS990/PYOtherRevenueAmt0153593
IRS990/PYProgramServiceRevenueAmt03528746
IRS990/PYRevenuesLessExpensesAmt0126465
IRS990/PYTotalExpensesAmt03555874
IRS990/PYTotalRevenueAmt03682339
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0113898
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04024640
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0713837
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0762822
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013819
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06281
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt020100
IRS990ScheduleD/EquipmentGrp/BookValueAmt010611
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0110280
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0120891
IRS990ScheduleD/ExpensesSubtotalAmt03910742
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0101368
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028189
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0129557
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031175
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt031175
IRS990ScheduleD/RevenueSubtotalAmt04024640
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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0156973
IRS990ScheduleD/TotalExpensesPerForm990Amt03910742
IRS990ScheduleD/TotalRevenuePerForm990Amt04024640
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04024640
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03910742
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 DEPT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1STATES EQUAL OPPORTUNITY ON WEBSITE AND BROCHURE. NA
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04900
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016532
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016532
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016532
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016532
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011632
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04900
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04900
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT EACH NOARD MEETING, THE AGENDA IS NOTATED TO REMIND BOARD MEMBERS TO RECUSE FROM VOTING ON ANY ITEM THAT MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL DISTRICT'S PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GENERAL ADMINISTRATION 35076. 0. 35076. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOOL ADMINISTRATION 550262. 275131. 275131. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FACILITIES 335606. 335606. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FISCAL SERVICES 75539. 75539. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FOOD SERVICES 4296. 4296. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CENTRAL SERVICES 15034. 15034. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OPERATION OF PLANT 234670. 234670. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MAINTENANCE OF PLANT 77488. 77488. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11COMMUNITY SERVICES 61205. 61205. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12STUDENT SUPPORT SERVICES 49672. 49672. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13INSTRUCTIONAL MEDIA 194. 194. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0940750
IRS990/TotalAssetsEOYAmt01551931
IRS990/TotalAssetsGrp/BOYAmt0940750
IRS990/TotalAssetsGrp/EOYAmt01551931
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt081
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0357360
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03553382
IRS990/TotalFunctionalExpensesGrp/TotalAmt03910742
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0134853
IRS990/TotalLiabilitiesEOYAmt0632136
IRS990/TotalLiabilitiesGrp/BOYAmt0134853
IRS990/TotalLiabilitiesGrp/EOYAmt0632136
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0805897
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0919795
IRS990/TotalProgramServiceExpensesAmt03553382
IRS990/TotalProgramServiceRevenueAmt03865807
IRS990/TotalRevenueGrp/ExclusionAmt011632
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04013008
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04024640
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0940750
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01551931
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0444363
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01380 PINEHURST ROAD
IRS990/USAddress/CityNm0DUNEDIN
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034698
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.DISCOVERYACADEMY.INFO
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FATIH DEMIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07273302424
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GALAXY EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GALA
ReturnHeader/Filer/EIN0453533747
ReturnHeader/Filer/PhoneNum07273302424
ReturnHeader/Filer/USAddress/AddressLine1Txt01380 PINEHURST ROAD
ReturnHeader/Filer/USAddress/CityNm0DUNEDIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034698
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DB7CE385814D06FE07C1EA66CAE1B1CF30610029
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08E8E7B9784344D338D4B9A41E18433BD010F8CB0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.205.0.120
ReturnHeader/FilingSecurityInformation/IPDt02020-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm007:43:54
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert Walker CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02803 W Busch Blvd Ste 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tampa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033618
ReturnHeader/PreparerPersonGrp/PhoneNum08136248643
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert Walker CPA
ReturnHeader/ReturnTs02020-11-13T07:44:05-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,551,931
Liabilities
$632,136
Net assets
$919,795
Revenue
$4,024,640
Expenses
$3,910,742
Net income
$113,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.9$15.6$2.31$8.69$8.27$0.43
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$15.8$1.89$7.68$7.38$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$1.27$1.59$5.65$5.77$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.20$1.71$4.73$4.59$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.22$1.57$5.01$4.35$0.65
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.63$0.92$4.02$3.91$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.13$0.81$3.68$3.56$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.14$0.68$3.41$2.92$0.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.15$0.19$2.28$2.20$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.12$0.10$1.19$1.11$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.06$0.03$1.10$1.08$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.00$0.82$0.82$0.00