Civic Intelligence

Broadwater Academy Foundation

990 • Fiscal year 2022 • EIN 45-5245398

Jul 01, 2021 to Jun 30, 2022 • Filed on May 14, 2023

Organization ProfileWWW.BROADWATERACADEMY.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

53rd percentile

0.08x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

3.00x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-96%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-7.0%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-49%

Faster revenue growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$1,533,258

Down $114,967 (-7.0%) from 2021

Net Assets

Down

$1,417,571

Down $106,136 (-7.0%) from 2021

Liabilities

Down

$115,687

Down $8,831 (-7.1%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin4th percentile

Revenue

Down

$38,509

Down $36,968 (-49%) from 2021

Expenses

Down

$75,460

Down $11,270 (-13%) from 2021

Net Income

Down

-$36,951

Down $25,698 (-228%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2022

Assets$1,533,258
Liabilities$115,687
Net Assets$1,417,571
Open 2022 Filing

Operations Trend

Revenue Growth7th 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

2022

Revenue$38,509
Expenses$75,460
Net Income-$36,951
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 14, 2023
Return Version
2021v4.2
Gross Receipts
$38,509
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 improvements to the broadwater academy education environment, including, but not limited to, program enhancements, technological improvements, facilities improvements, faculty 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$587,090$558,220▼ $28,870
Investments Other Securities$527,006$462,472▼ $64,534
Savings and Temporary Cash Investments$334,219$297,271▼ $36,948
Land, Buildings, and Equipment, Net$199,910$215,295▲ $15,385
Total Assets$1,648,225$1,533,258▼ $114,967
Liabilities
Mortgage Notes Payable Secured by Investment Property$124,518$115,687▼ $8,831
Total Liabilities$124,518$115,687▼ $8,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,089,716$1,029,939▼ $59,777
Net Assets With Donor Restrictions$433,991$387,632▼ $46,359
Total Net Assets Fund Balance$1,523,707$1,417,571▼ $106,136
Total Liabilities and Net Assets / Fund Balance$1,648,225$1,533,258▼ $114,967

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$193,256$85,182$278,438
Land$20,000-$20,000
Leasehold Improvements$2,039$1,785$3,824
Equipment$0$2,633$2,633
Other Securities$462,472--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$226,609-▼ $12,255-$214,354
2020$193,073-▲ $33,536-$226,609
2019$144,108$52,742▲ $274-$193,073
2018$132,759-▲ $11,521$172$144,108
2017$132,759-▲ $6,318$6,318$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
Anne Harvard HooperDirector
Annette BrickhouseDirector
Blake JohnsonDirector
Brent AndersonDirector
Chris WillisDirector
Holly BundickDirector
Jim ShaefferDirector
Kenneth R BlairDirector
Kristy HickmanDirector
Pete DuerDirector
Richard D VestalDirector
Spencer ShelleyDirector
Martha S SutherlandSecretary
Jon WehnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$24,241
Other Revenue
$14,268
Change in Net Assets
$-36,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,447
Revenue Not Reported on Financial Statements
$4,062
Revenue Not Reported on Form 990
$-69,185
Total Revenue per Audited Statements
$-34,738
Total Revenue per Form 990
$38,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$54,038
Other Expenses$21,422
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$54,038--$54,038
Depreciation Depletion-$13,435-$13,435
Fees for Service Investment Mgmnt Fees-$4,062-$4,062
Interest-$3,822-$3,822
Office Expenses-$53-$53
Fees for Services Legal-$50-$50
Total Functional Expenses$54,038$21,422$0$75,460

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$75,460
Expenses per Audited Statements$71,398
Total Expenses per Audited Statements$71,398
Expenses Not Reported on Financial Statements$4,062
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.$54,038
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
2023-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven M Belote
Formed
2012
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Forvis Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Lakrisha J Castleberry
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/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt054038
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt054038
IRS990/GrantsToDomesticOrgsGrp/TotalAmt054038
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt038509
IRS990/GrossRentsGrp/RealAmt014268
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt03822
IRS990/InterestGrp/TotalAmt03822
IRS990/InvestmentIncomeGrp/ExclusionAmt024241
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024241
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0527006
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0462472
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt089600
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0199910
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0215295
IRS990/LandBldgEquipCostOrOtherBssAmt0304895
IRS990/LegalDomicileStateCd0VA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/BOYAmt0124518
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0115687
IRS990/NetAssetsOrFundBalancesBOYAmt01523707
IRS990/NetAssetsOrFundBalancesEOYAmt01417571
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt014268
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt014268
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-69185
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01089716
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01029939
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt053
IRS990/OfficeExpensesGrp/TotalAmt053
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherInd0X
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVEN M BELOTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt057660
IRS990/PYInvestmentIncomeAmt026657
IRS990/PYOtherExpensesAmt029070
IRS990/PYOtherRevenueAmt048820
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-11253
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt086730
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt075477
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-36951
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt014268
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0334219
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0297271
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/SupportAmt054038
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROADWATER ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt054038
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0193256
IRS990ScheduleD/BuildingsGrp/DepreciationAmt085182
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0278438
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0226609
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0214354
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-12255
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0193073
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0226609
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033536
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt04051
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0144108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt052742
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0193073
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0274
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0132759
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0144108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011521
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0172
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0132759
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0132759
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06318
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06318
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02633
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02633
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04062
IRS990ScheduleD/ExpensesSubtotalAmt071398
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt04062
IRS990ScheduleD/InvestmentExpensesNotIncldAmt04062
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02039
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01785
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03824
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-69185
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0462472
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-69185
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04062
IRS990ScheduleD/RevenueSubtotalAmt034447
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/TotalBookValueLandBuildingsAmt0215295
IRS990ScheduleD/TotalBookValueSecuritiesAmt0462472
IRS990ScheduleD/TotalExpensesPerForm990Amt075460
IRS990ScheduleD/TotalRevenuePerForm990Amt038509
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-34738

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,533,258
Liabilities
$115,687
Net assets
$1,417,571
Revenue
$38,509
Expenses
$75,460
Net income
-$36,951
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