Civic Intelligence

Boulware Springs Charter School

990 • Fiscal year 2014 • EIN 46-0617894

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 04, 2014

1303 NE 23rd AvenueGainesville, FL 32609

(352) 215-2175

Siviq Scores

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

Liabilities / Assets

77th percentile

0.10x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

95th percentile

63%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$15,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$199,516

No earlier filing loaded for comparison.

Net Assets

$178,975

No earlier filing loaded for comparison.

Liabilities

$20,541

No earlier filing loaded for comparison.

Revenue

$290,639

No earlier filing loaded for comparison.

Expenses

$106,350

No earlier filing loaded for comparison.

Net Income

$184,289

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $199,516Liabilities 2014: $20,541Net Assets 2014: $178,9752014Assets 2015: $350,142Liabilities 2015: $18,644Net Assets 2015: $331,4982015Assets 2016: $381,392Liabilities 2016: $11,304Net Assets 2016: $370,0882016Assets 2017: $578,354Liabilities 2017: $170,021Net Assets 2017: $408,3332017Assets 2019: $701,247Liabilities 2019: $109,829Net Assets 2019: $591,4182019Assets 2020: $944,927Liabilities 2020: $255,910Net Assets 2020: $689,0172020Assets 2021: $1,005,113Liabilities 2021: $41,340Net Assets 2021: $963,7732021Assets 2022: $1,357,722Liabilities 2022: $449,345Net Assets 2022: $908,3772022Assets 2025: $1,969,408Liabilities 2025: $1,114,816Net Assets 2025: $854,5922025

Highlighted filing

2014

Assets$199,516
Liabilities$20,541
Net Assets$178,975

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $290,639Expenses 2014: $106,350Net Income 2014: $184,2892014Revenue 2015: $1,158,640Expenses 2015: $1,006,117Net Income 2015: $152,5232015Revenue 2016: $1,408,771Expenses 2016: $1,370,181Net Income 2016: $38,5902016Revenue 2017: $1,176,061Expenses 2017: $1,137,816Net Income 2017: $38,2452017Revenue 2019: $1,315,294Expenses 2019: $1,232,834Net Income 2019: $82,4602019Revenue 2020: $1,381,136Expenses 2020: $1,283,537Net Income 2020: $97,5992020Revenue 2021: $1,667,165Expenses 2021: $1,392,409Net Income 2021: $274,7562021Revenue 2022: $1,756,361Expenses 2022: $1,709,434Net Income 2022: $46,9272022Revenue 2025: $2,037,781Expenses 2025: $2,071,329Net Income 2025: -$33,5482025

Highlighted filing

2014

Revenue$290,639
Expenses$106,350
Net Income$184,289
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 4, 2014
Return Version
2013v3.1
Gross Receipts
$290,639
Mission and Program Overview

Mission

Boulware springs charter offers a high quality education that focuses on the "4 rs" - respect, responsibility, being a role model, and reaching for the stars. At boulware, students are expected to respect their peers and adults, be responsible for their actions and words, set a good example for other inside and outside of school, and respond to challenging learning with perseverance and enthusiasm.

Boulware springs charter school offers a rigorous and high quality education that focuses on "3 c's" - curriculum, character, and cooperation- to students in grades k-5 in alachua county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,686$78,349▲ $71,663
Prepaid Expenses and Deferred Charges-$47,504-
Accounts Receivable-$39,358-
Land, Buildings, and Equipment, Net-$34,305-
Loans From Officers Directors$12,000--
Total Assets$6,686$199,516▲ $192,830
Liabilities
Accounts Payable and Accrued Expenses-$20,541-
Total Liabilities$12,000$20,541▲ $8,541
Net Assets / Fund Balance
Unrestricted Net Assets$-5,314$178,975▲ $184,289
Total Net Assets Fund Balance$-5,314$178,975▲ $184,289
Total Liabilities and Net Assets / Fund Balance$6,686$199,516▲ $192,830

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,366$32$15,398
Buildings$11,033-$11,033
Other Land Buildings$7,906-$7,906
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kay AbbittCo-directorFT$15,000$15,000
Megan LaneCo-directorPT$7,500$7,500

Board Members and Trustees

NameTitle
Steven SommerChair
Larry LopezVice Chair
Bryan WilliamsBoard Member
Carrie GeigerBoard Member
Cindy BoulwareBoard Member
Staci BertrandBoard Member
Steve BradfordBoard Member
David McdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$290,639
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$251,994
Change in Net Assets
$184,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,402
Salaries, Compensation, and Employee Benefits$22,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$43,707--$43,707
Office Expenses$23,171$2,576-$25,747
Current Officers, Directors, Trustees, and Key Employees$20,250$2,250-$22,500
Fees for Services Other$2,784$309-$3,093
Fees for Services Legal$2,506$279-$2,785
Insurance$1,962$218-$2,180
Advertising$2,040--$2,040
Information Technology$1,343$149-$1,492
Travel$815$90-$905
Interest$527$59-$586
Other Salaries and Wages$448--$448
Other Expenses$144$16-$160
Depreciation Depletion$32--$32
Total Functional Expenses$100,336$6,014$0$106,350
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kay AbbittBusinessLease of BuildingNo$11,400

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$12,000--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Kay abbitt megan lane co-director co-director family relationship

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared with the assistance of a cpa and reviewed by the co-directors of the school as well as a board member.

Form 990, Page 6, Part VI, Line 12C

The board of directors ensures compliance with the school's conflict of interest policy. All board members must report any conflicts of interest, and when applicable, must abstain from voting and providing input.

Form 990, Page 6, Part VI, Line 15A

Data is used to compare compensation for similarly qualified persons in comparable positions at similar organizations. However, compensation is significantly lower than similar organizations. Compensation for both co- directors is reviewed and approved by the board. Decisions regarding compensation are documented in the board minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

EIN
46-0617894
Phone
3522152175

Signing Officer

Name
Steven Sommer
Title
Chair
Phone
3522152175
Signed
2014-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Sommer
Formed
2012
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
11

Preparer

Preparer
Stephen H Kattell CPA
Phone
3523956565
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY IS STATED SPECIFICALLY IN THE SCHOOL'S BYLAWS AND IN THE CONTRACT WITH THE LOCAL SCHOOL BOARD. THE POLICY IS ALSO STATED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUES FOR START-UP OPERATIONS WERE RECEIVED FROM TWO GRANTS: THE CHARTER SCHOOL GROWTH FUND AND CSP PLANNING AND IMPLEMENTATION GRANT (DISTRIBUTED VIA THE ALACHUA COUNTY DISTRICT SCHOOL BOARD). THE CHARTER SCHOOL GROWTH FUND PROVIDES FUNDING TO NEW DEVELOPING SCHOOLS. THE FUNDING INCLUDES HELP WITH PLANNING, LEADERSHIP DEVELOPMENT AND FACILITIES ACQUISITION, AS WELL AS THE PURCHASE OF FURNITURE, TECHNOLOGY, EQUIPMENT AND INSTRUCTIONAL MATERIALS. THE CHARTER SCHOOL GROWTH FUND IS WORKING TO TRANSFORM K-12 EDUCATION BY INVESTING IN CHARTER SCHOOL NETWORKS THAT OFFER OUTSTANDING EDUCATIONAL OPTIONS FOR UNDER-SERVED STUDENTS. THE CSP PLANNING AND IMPLEMENTATION GRANT IS A COMPETITIVE GRANT AWARDED TO CHARTER SCHOOLS FOR PLANNING, PROGRAM DESIGN, AND INITIAL IMPLEMENTATION OF THE CHARTER SCHOOL AND FOR SUPPORTING THE DISSEMINATION OF SUCCESSFUL PRACTICES AND OTHER INFORMATION ABOUT CHARTER SCHOOLS. THE GENERAL PURPOSE OF THIS GRANT IS TO PROVIDE FINANCIAL ASSISTANCE TO CHARTER SCHOOLS AND EXPAND THE NUMBER OF HIGH QUALITY CHARTER SCHOOLS IN FLORIDA.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2PART I, QUESTION 2: THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS STATED ON THE WEBSITE AND ON STUDENT APPLICATIONS. IT HAS NOT BEEN REFLECTED ON BROCHURES IN THE PAST, HOWEVER GOING FORWARD IT WILL BE PLACED ON BROCHURES AND OTHER WRITTEN COMMUNICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KAY ABBITT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BUSINESS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt011400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE OF BUILDING
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0KAY ABBITT'S CORPORATION, ABC APPLETREE, OWNS THE BUILDING THAT THE SCHOOL LEASES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KAY ABBITT MEGAN LANE CO-DIRECTOR CO-DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED WITH THE ASSISTANCE OF A CPA AND REVIEWED BY THE CO-DIRECTORS OF THE SCHOOL AS WELL AS A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ENSURES COMPLIANCE WITH THE SCHOOL'S CONFLICT OF INTEREST POLICY. ALL BOARD MEMBERS MUST REPORT ANY CONFLICTS OF INTEREST, AND WHEN APPLICABLE, MUST ABSTAIN FROM VOTING AND PROVIDING INPUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DATA IS USED TO COMPARE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. HOWEVER, COMPENSATION IS SIGNIFICANTLY LOWER THAN SIMILAR ORGANIZATIONS. COMPENSATION FOR BOTH CO- DIRECTORS IS REVIEWED AND APPROVED BY THE BOARD. DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0199516
IRS990/TotalAssetsGrp/BOYAmt06686
IRS990/TotalAssetsGrp/EOYAmt0199516
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IRS990/TotalContributionsAmt0290639
IRS990/TotalEmployeeCnt011
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06014
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0100336
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106350
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012000
IRS990/TotalLiabilitiesEOYAmt020541
IRS990/TotalLiabilitiesGrp/BOYAmt012000
IRS990/TotalLiabilitiesGrp/EOYAmt020541
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-5314
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0178975
IRS990/TotalProgramServiceExpensesAmt0100336
IRS990/TotalReportableCompFromOrgAmt022500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0290639
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06686
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0199516
IRS990/TravelGrp/ManagementAndGeneralAmt090
IRS990/TravelGrp/ProgramServicesAmt0815
IRS990/TravelGrp/TotalAmt0905
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-5314
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0178975
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101303 NE 23RD AVENUE
IRS990/USAddress/City0GAINESVILLE
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode032609
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.BOULWARECHARTER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN SOMMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03522152175
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine10BOULWARE SPRINGS CHARTER
ReturnHeader/Filer/BusinessName/BusinessNameLine20SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0BOUL
ReturnHeader/Filer/EIN0460617894
ReturnHeader/Filer/PhoneNum03522152175
ReturnHeader/Filer/USAddress/AddressLine101303 NE 23RD AVENUE
ReturnHeader/Filer/USAddress/City0GAINESVILLE
ReturnHeader/Filer/USAddress/State0FL
ReturnHeader/Filer/USAddress/ZIPCode032609
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010822046
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10KATTELL & COMPANY PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10808B NW 16TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode032601
ReturnHeader/PreparerPersonGrp/PhoneNum03523956565
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN H KATTELL CPA
ReturnHeader/ReturnTs02014-11-05T14:58:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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