Civic Intelligence

Broadwater Academy Foundation

990 • Fiscal year 2018 • EIN 45-5245398

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileBROADWATERACADEMY.ORG
PO Box 546Exmore, VA 23350

(757) 442-9041

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.56x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

24th percentile

-6.9%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

53rd percentile

1.9%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$1,732,718

Up $32,455 (+1.9%) from 2017

Net Assets

Up

$1,584,959

Up $40,366 (+2.6%) from 2017

Liabilities

Down

$147,759

Down $7,911 (-5.1%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin24th percentile

Revenue

Down

$94,474

Down $92,608 (-50%) from 2017

Expenses

Up

$101,039

Up $4,056 (+4.2%) from 2017

Net Income

Down

-$6,565

Down $96,664 (-107%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,062,195Liabilities 2012: $0Net Assets 2012: $1,062,1952012Assets 2013: $1,111,370Liabilities 2013: $182,983Net Assets 2013: $928,3872013Assets 2014: $1,600,423Liabilities 2014: $174,602Net Assets 2014: $1,425,8212014Assets 2015: $1,644,647Liabilities 2015: $169,272Net Assets 2015: $1,475,3752015Assets 2016: $1,666,897Liabilities 2016: $162,347Net Assets 2016: $1,504,5502016Assets 2017: $1,700,263Liabilities 2017: $155,670Net Assets 2017: $1,544,5932017Assets 2018: $1,732,718Liabilities 2018: $147,759Net Assets 2018: $1,584,9592018Assets 2019: $1,644,235Liabilities 2019: $141,034Net Assets 2019: $1,503,2012019Assets 2020: $1,605,084Liabilities 2020: $132,730Net Assets 2020: $1,472,3542020Assets 2021: $1,648,225Liabilities 2021: $124,518Net Assets 2021: $1,523,7072021Assets 2022: $1,533,258Liabilities 2022: $115,687Net Assets 2022: $1,417,5712022Assets 2023: $1,566,362Liabilities 2023: $106,252Net Assets 2023: $1,460,1102023Assets 2024: $1,593,421Liabilities 2024: $97,999Net Assets 2024: $1,495,4222024Assets 2025: $1,754,311Liabilities 2025: $88,670Net Assets 2025: $1,665,6412025

Highlighted filing

2018

Assets$1,732,718
Liabilities$147,759
Net Assets$1,584,959
Open 2018 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $0Expenses 2012: $75Net Income 2012: -$752012Revenue 2013: $266,539Expenses 2013: $298,369Net Income 2013: -$31,8302013Revenue 2014: $705,543Expenses 2014: $255,282Net Income 2014: $450,2612014Revenue 2015: $166,409Expenses 2015: $173,983Net Income 2015: -$7,5742015Revenue 2016: $140,641Expenses 2016: $111,466Net Income 2016: $29,1752016Revenue 2017: $187,082Expenses 2017: $96,983Net Income 2017: $90,0992017Revenue 2018: $94,474Expenses 2018: $101,039Net Income 2018: -$6,5652018Revenue 2019: $35,396Expenses 2019: $143,350Net Income 2019: -$107,9542019Revenue 2020: $34,922Expenses 2020: $73,851Net Income 2020: -$38,9292020Revenue 2021: $75,477Expenses 2021: $86,730Net Income 2021: -$11,2532021Revenue 2022: $38,509Expenses 2022: $75,460Net Income 2022: -$36,9512022Revenue 2023: $95,144Expenses 2023: $80,463Net Income 2023: $14,6812023Revenue 2024: $71,011Expenses 2024: $82,165Net Income 2024: -$11,1542024Revenue 2025: $209,312Expenses 2025: $82,336Net Income 2025: $126,9762025

Highlighted filing

2018

Revenue$94,474
Expenses$101,039
Net Income-$6,565
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$94,474
Mission and Program Overview

Mission

The organization's mission is to raise, manage and distribute funds solely for the benefit of the students of broadwater academy and for the improvements to the broadwater academy education, environment, including but not limited to, program enhancements, technological students of broadwater academy and for the improvements to the broadwater academy education, environment, including but not limited to, program enhancements, technological improvements, facilities enrichment, and scholarships for students

The organization's mission is to raise, manage and distribute funds solely for the benefit of the students of broadwater academy and for the improvements to the broadwater academy education, environment, including but not limited to, program enhancements, technological improvements, facilities enrichment, and scholarships for students

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$770,977$726,116▼ $44,861
Accounts Receivable-$707,798-
Other Notes and Loans Receivable, Net$631,224--
Land, Buildings, and Equipment, Net$233,969$225,455▼ $8,514
Pledges and Grants Receivable$47,386--
Cash and Non-Interest-Bearing Accounts$-84$12,001▲ $12,085
Savings and Temporary Cash Investments$8,656--
Intangible Assets$1,097--
Total Assets$1,700,263$1,732,718▲ $32,455
Other Assets Total$7,038$61,348▲ $54,310
Liabilities
Other Liabilities$155,670$147,759▼ $7,911
Total Liabilities$155,670$147,759▼ $7,911
Net Assets / Fund Balance
Unrestricted Net Assets$1,052,997$1,077,226▲ $24,229
Temporarily Rstr Net Assets$481,596$497,733▲ $16,137
Permanently Rstr Net Assets$10,000$10,000→ $0
Total Net Assets Fund Balance$1,544,593$1,584,959▲ $40,366
Total Liabilities and Net Assets / Fund Balance$1,700,263$1,732,718▲ $32,455

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$202,213$47,405$249,618
Land$20,000-$20,000
Leasehold Improvements$3,059$765$3,824
Equipment$183$2,450$2,633
Other Securities$726,116--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$306,687-▲ $6,318$6,318$306,687
2017$290,904-▲ $95,783-$306,687
2016$293,085-▼ $1,301-$290,904
2015$310,956$300▲ $1,837$18,352$293,085
2014$312,574$150▲ $23,368$22,823$310,956
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Tom HillChairman
Bob BloxomVice Chair
Garnett KellamTrustee
John T WilliamsTrustee
Pam TurnerTrustee
Robert GustafasonTrustee
Tom AndersonTrustee
Wendy WalkerTrustee
Laura NealSecretary
Dan BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14
Program Service Revenue
$14,850
Investment Income
$17,026
Other Revenue
$62,584
All Other Contributions
$14
Change in Net Assets
$-6,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$94,474
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-15,091
Total Revenue per Audited Statements
$79,383
Total Revenue per Form 990
$94,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$57,729
Other Expenses$43,310
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$57,729--$57,729
Depreciation Depletion$8,744--$8,744
Interest$8,401--$8,401
Other Expenses$8,495$4,858-$4,858
Total Functional Expenses$83,369$17,670$0$101,039

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$101,039
Total Expenses per Form 990$101,039
Total Expenses per Audited Statements$39,017
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-62,022
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Broadwater AcademyExmore, VA-Provide Scholarships for Students at Broadwater Academy.$57,729
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
Long-term Debt$147,759
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 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
No

Governance Explanations

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

“Organization governing members review form 990 before filing with irs”

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

“Each director or principal officer shall annually sign a statement which afirms such person has 1) received a copy of the conflicts of interest policy 2) has read and understands the policy 3) has agreed to comply with the policy 4) understands the organization is charitable and in order to maintain federal tax-exempt purposes. The policy includes procedures that involve 1) a duty to disclose 2) determining whether a conflic exists 3) procedures for addressing the conflict of interest 4) additional steps if violations of the policy exist”

Form 990, Part VI, Section C, Line 18

“Applicable documents are available upon request or the free guidestar website”

Form 990, Part VI, Section C, Line 19

“Applicable documents are available upon request or the free guidestar website”

Filing and Contact Details

Filer

Filer Name
Broadwater Academy Foundation
EIN
45-5245398
Phone
7574429041
Address
PO BOX 546, EXMORE, VA 23350

Signing Officer

Name
Julie Badger
Title
Accountant
Phone
7574429041
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Badger
Formed
2012
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
John F Mcdowell
Phone
7576245100
Supplemental Narrative

Additional Explanations

990, Part XII, Line C2

“The process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“Endowment funds are managed for the sole benefit of broadwater academy. Only the earnings on the funds are available for use towards student scholarships or faculty development and support.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Bad debt -53,527. Donations -8,495.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Bad bedt -53,527. Donations -8,495.”

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt010000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt010000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt047386
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JULIE BADGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION INSURANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014850
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE SCHOLARSHIP AND OPERATING GRANTS TO BROADWATER ACADEMY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt057729
IRS990/ProgSrvcAccomActy2Grp/GrantAmt057729
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt062423
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt080000
IRS990/PYInvestmentIncomeAmt0115335
IRS990/PYOtherExpensesAmt016983
IRS990/PYOtherRevenueAmt09324
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt090099
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt096983
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0187082
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6565
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09057
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt077434
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08656
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0540799130
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt057729
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROADWATER ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt057729
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0202213
IRS990ScheduleD/BuildingsGrp/DepreciationAmt047405
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0249618
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0306687
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0306687
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06318
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt06318
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0290904
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0306687
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt080000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt095783
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0880
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0293085
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0290904
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1301
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01656
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0310956
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0293085
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01837
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt018352
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02313
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0312574
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0150
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0310956
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt023368
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt022823
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0183
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02450
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02633
IRS990ScheduleD/ExpensesNotReportedAmt0-62022
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0101039
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03059
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0765
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03824
IRS990ScheduleD/NetUnrealizedGainsInvstAmt046931
IRS990ScheduleD/OtherExpensesIncludedAmt0-62022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0147759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM DEBT
IRS990ScheduleD/OtherRevenueAmt0-62022
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0726116
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-15091
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt094474
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE MANAGED FOR THE SOLE BENEFIT OF BROADWATER ACADEMY. ONLY THE EARNINGS ON THE FUNDS ARE AVAILABLE FOR USE TOWARDS STUDENT SCHOLARSHIPS OR FACULTY DEVELOPMENT AND SUPPORT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BAD DEBT -53,527. DONATIONS -8,495.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BAD BEDT -53,527. DONATIONS -8,495.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0225455
IRS990ScheduleD/TotalBookValueSecuritiesAmt0726116
IRS990ScheduleD/TotalExpensesPerForm990Amt0101039
IRS990ScheduleD/TotalLiabilityAmt0147759
IRS990ScheduleD/TotalRevenuePerForm990Amt094474
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt079383
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt039017
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt057729
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE SCHOLARSHIPS FOR STUDENTS AT BROADWATER ACADEMY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BROADWATER ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0540799130
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 546
IRS990ScheduleI/RecipientTable/USAddress/CityNm0EXMORE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023350
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION GOVERNING MEMBERS REVIEW FORM 990 BEFORE FILING WITH IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR OR PRINCIPAL OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFIRMS SUCH PERSON HAS 1) RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY 2) HAS READ AND UNDERSTANDS THE POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY 4) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN FEDERAL TAX-EXEMPT PURPOSES. THE POLICY INCLUDES PROCEDURES THAT INVOLVE 1) A DUTY TO DISCLOSE 2) DETERMINING WHETHER A CONFLIC EXISTS 3) PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST 4) ADDITIONAL STEPS IF VIOLATIONS OF THE POLICY EXIST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2APPLICABLE DOCUMENTS ARE AVAILABLE UPON REQUEST OR THE FREE GUIDESTAR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3APPLICABLE DOCUMENTS ARE AVAILABLE UPON REQUEST OR THE FREE GUIDESTAR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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 C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4990, PART XII, LINE C2
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BROADWATER ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540799130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE ACADEMIC-BASED AND NON-ACADEMIC PROGRAMS TO STUDENTS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 546
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EXMORE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022350
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,732,718
Liabilities
$147,759
Net assets
$1,584,959
Revenue
$94,474
Expenses
$101,039
Net income
-$6,565
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.75$0.09$1.67$0.21$0.08$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.10$1.50$0.07$0.08$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.11$1.46$0.10$0.08$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.12$1.42$0.04$0.08$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.65$0.12$1.52$0.08$0.09$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.13$1.47$0.03$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.14$1.50$0.04$0.14$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.73$0.15$1.58$0.09$0.10$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.16$1.54$0.19$0.10$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.67$0.16$1.50$0.14$0.11$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.17$1.48$0.17$0.17$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.17$1.43$0.71$0.26$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.18$0.93$0.27$0.30$0.03
2012Summary only. Only limited summary data is available for this year.$1.06$0.00$1.06$0.00$0.00$0.00