Civic Intelligence

Broadwater Academy Foundation

990 • Fiscal year 2021 • EIN 45-5245398

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

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

51st percentile

0.08x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

1.65x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

13th percentile

-15%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

34th percentile

2.7%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

116%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$1,648,225

Up $43,141 (+2.7%) from 2020

Net Assets

Up

$1,523,707

Up $51,353 (+3.5%) from 2020

Liabilities

Down

$124,518

Down $8,212 (-6.2%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin13th percentile

Revenue

Up

$75,477

Up $40,555 (+116%) from 2020

Expenses

Up

$86,730

Up $12,879 (+17%) from 2020

Net Income

Up

-$11,253

Up $27,676 (+71%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2021

Assets$1,648,225
Liabilities$124,518
Net Assets$1,523,707
Open 2021 Filing

Operations Trend

Revenue Growth89th 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

2021

Revenue$75,477
Expenses$86,730
Net Income-$11,253
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.2
Gross Receipts
$75,477
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
Accounts Receivable$924,794$587,090▼ $337,704
Investments Other Securities$454,577$527,006▲ $72,429
Savings and Temporary Cash Investments$17,288$334,219▲ $316,931
Land, Buildings, and Equipment, Net$208,425$199,910▼ $8,515
Total Assets$1,605,084$1,648,225▲ $43,141
Liabilities
Mortgage Notes Payable Secured by Investment Property$132,730$124,518▼ $8,212
Total Liabilities$132,730$124,518▼ $8,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,082,520$1,089,716▲ $7,196
Net Assets With Donor Restrictions$389,834$433,991▲ $44,157
Total Net Assets Fund Balance$1,472,354$1,523,707▲ $51,353
Total Liabilities and Net Assets / Fund Balance$1,605,084$1,648,225▲ $43,141

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$179,012$70,606$249,618
Land$20,000-$20,000
Leasehold Improvements$2,294$1,530$3,824
Equipment$-1,396$4,029$2,633
Other Securities$527,006--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$193,073-▲ $33,536-$226,609
2020$144,108$52,742▲ $274-$193,073
2019$132,759-▲ $11,521$172$144,108
2018$132,759-▲ $6,318$6,318$132,759
2017$132,759-▲ $16,386$16,386$132,759
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Pamela Von Eiff-turnerChair
Daniel a BrownVice Chair
Ann Arsenieu GallivanDirector
Annette BrickhouseDirector
Brent AndersonDirector
Chris WillisDirector
Holly BundickDirector
Kenneth R BlairDirector
Pete DuerDirector
Richard D VestalDirector
Martha S SutherlandSecretary
Jon WehnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$26,657
Other Revenue
$48,820
Change in Net Assets
$-11,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,897
Revenue Not Reported on Financial Statements
$3,580
Revenue Not Reported on Form 990
$62,606
Total Revenue per Audited Statements
$134,503
Total Revenue per Form 990
$75,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$57,660
Other Expenses$29,070
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$57,660--$57,660
Office Expenses-$9,494-$9,494
Depreciation Depletion-$8,514-$8,514
Interest-$6,781-$6,781
Fees for Service Investment Mgmnt Fees-$3,580-$3,580
Other Expenses-$701-$701
Total Functional Expenses$57,660$29,070$0$86,730

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$86,730
Expenses per Audited Statements$83,150
Total Expenses per Audited Statements$83,150
Expenses Not Reported on Financial Statements$3,580
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Broadwater AcademyExmore, VA501(c)(3)Provide Scholarships for Students at Broadwater Academy.$57,660
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
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
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 affirms 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
Steven M Belote
Title
Chief Financial Officer
Phone
7574429041
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven M Belote
Formed
2012
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Lakrisha J Watson
Phone
7576245100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“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 X, LINE 2:

“The organization is exempt from federal and state income taxes under internal revenue code section 501(c)(3) and the commonwealth of virginia and therefore has made no provisions for federal or state income taxes.”

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IRS990/MissionDesc0THE 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
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0132730
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0124518
IRS990/NetAssetsOrFundBalancesBOYAmt01472354
IRS990/NetAssetsOrFundBalancesEOYAmt01523707
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt014268
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt014268
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt062606
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01082520
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01089716
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09494
IRS990/OfficeExpensesGrp/TotalAmt09494
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0701
IRS990/OtherExpensesGrp/TotalAmt0701
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE CLAIM
IRS990/OtherRevenueMiscGrp/ExclusionAmt034552
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt034552
IRS990/OtherRevenueTotalAmt034552
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVEN M BELOTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt057232
IRS990/PYInvestmentIncomeAmt020654
IRS990/PYOtherExpensesAmt016619
IRS990/PYOtherRevenueAmt014268
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-38929
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt073851
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt034922
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-11253
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt014268
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017288
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0334219
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/SupportAmt057660
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROADWATER ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt057660
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0179012
IRS990ScheduleD/BuildingsGrp/DepreciationAmt070606
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0249618
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0193073
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0226609
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt033536
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt04051
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0144108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt052742
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0193073
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0274
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0132759
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0144108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011521
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0172
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0132759
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0132759
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt06318
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0132759
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0132759
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016386
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt016386
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1396
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02633
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03580
IRS990ScheduleD/ExpensesSubtotalAmt083150
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt03580
IRS990ScheduleD/InvestmentExpensesNotIncldAmt03580
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02294
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01530
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03824
IRS990ScheduleD/NetUnrealizedGainsInvstAmt062606
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0527006
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt062606
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03580
IRS990ScheduleD/RevenueSubtotalAmt071897
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/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE COMMONWEALTH OF VIRGINIA AND THEREFORE HAS MADE NO PROVISIONS FOR FEDERAL OR STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0199910
IRS990ScheduleD/TotalBookValueSecuritiesAmt0527006
IRS990ScheduleD/TotalExpensesPerForm990Amt086730
IRS990ScheduleD/TotalRevenuePerForm990Amt075477
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0134503
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt083150
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt057660
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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/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 AFFIRMS 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/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BROADWATER ACADEMY

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,648,225
Liabilities
$124,518
Net assets
$1,523,707
Revenue
$75,477
Expenses
$86,730
Net income
-$11,253
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