Civic Intelligence

Discovery High School Inc.

990 • Fiscal year 2020 • EIN 47-2806004

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 05, 2020

Organization ProfileWWW.DISCOVERYHIGHSCHOOL.ORG
1000 N Buena Vista DriveLake Alfred, FL 33850

(863) 268-7178

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

2.57x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

38th percentile

0.7%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

41st percentile

$148,763

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

28th percentile

0.3%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

20%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$16,016,350

Up $45,362 (+0.3%) from 2019

Net Assets

Up

-$199,471

Up $43,457 (+18%) from 2019

Liabilities

Up

$16,215,821

Up $1,905 (+0.0%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin38th percentile

Revenue

Up

$6,319,303

Up $1,073,974 (+20%) from 2019

Expenses

Up

$6,275,846

Up $917,216 (+17%) from 2019

Net Income

Up

$43,457

Up $156,758 (+138%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$30M$20M$10M$0-$10MAssets 2016: $622,428Liabilities 2016: $649,000Net Assets 2016: -$26,5722016Assets 2017: $7,855,933Liabilities 2017: $7,928,901Net Assets 2017: -$72,9682017Assets 2018: $12,009,121Liabilities 2018: $12,138,748Net Assets 2018: -$129,6272018Assets 2019: $15,970,988Liabilities 2019: $16,213,916Net Assets 2019: -$242,9282019Assets 2020: $16,016,350Liabilities 2020: $16,215,821Net Assets 2020: -$199,4712020Assets 2021: $28,395,283Liabilities 2021: $28,641,971Net Assets 2021: -$246,6882021Assets 2022: $27,570,554Liabilities 2022: $28,646,447Net Assets 2022: -$1,075,8932022Assets 2023: $26,851,680Liabilities 2023: $28,382,771Net Assets 2023: -$1,531,0912023Assets 2024: $26,343,334Liabilities 2024: $28,987,696Net Assets 2024: -$2,644,3622024

Highlighted filing

2020

Assets$16,016,350
Liabilities$16,215,821
Net Assets-$199,471
Open 2020 Filing

Operations Trend

Revenue Growth78th percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $26,621Expenses 2016: $53,193Net Income 2016: -$26,5722016Revenue 2017: $2,408,684Expenses 2017: $2,455,080Net Income 2017: -$46,3962017Revenue 2018: $3,709,724Expenses 2018: $3,766,383Net Income 2018: -$56,6592018Revenue 2019: $5,245,329Expenses 2019: $5,358,630Net Income 2019: -$113,3012019Revenue 2020: $6,319,303Expenses 2020: $6,275,846Net Income 2020: $43,4572020Revenue 2021: $7,787,532Expenses 2021: $7,834,749Net Income 2021: -$47,2172021Revenue 2022: $6,971,013Expenses 2022: $7,800,218Net Income 2022: -$829,2052022Revenue 2023: $8,766,735Expenses 2023: $9,221,933Net Income 2023: -$455,1982023Revenue 2024: $7,519,050Expenses 2024: $8,632,321Net Income 2024: -$1,113,2712024

Highlighted filing

2020

Revenue$6,319,303
Expenses$6,275,846
Net Income$43,457
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 5, 2020
Return Version
2019v5.0
Gross Receipts
$6,319,303
Mission and Program Overview

Mission

Discovery high school creates an atmosphere for students that will accomodate all learners andincrease the educational opportunities for all.

Discovery high school creates an atmosphere for students that will accomodate all learners and increase the educational opportunities for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$178,191$255,486▲ $77,295
Land, Buildings, and Equipment, Net$188,232$141,144▼ $47,088
Accounts Receivable$28,533$34,414▲ $5,881
Prepaid Expenses and Deferred Charges$5,444$709▼ $4,735
Cap Stk Tr Prin Current Funds$-242,928$-199,471▲ $43,457
Total Assets$15,970,988$16,016,350▲ $45,362
Other Assets Total$15,570,588$15,584,597▲ $14,009
Liabilities
Other Liabilities$16,030,359$15,985,639▼ $44,720
Accounts Payable and Accrued Expenses$183,557$230,182▲ $46,625
Total Liabilities$16,213,916$16,215,821▲ $1,905
Net Assets / Fund Balance
Total Net Assets Fund Balance$-242,928$-199,471▲ $43,457
Total Liabilities and Net Assets / Fund Balance$15,970,988$16,016,350▲ $45,362

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$141,144$185,104$326,248
Other Assets Org$2,467--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carol FulksPresident/exFT$148,763$148,763
Kevin WarrenPrincipalFT$110,705$110,705

Board Members and Trustees

NameTitle
Charlotte ButlerChairperson
Aimee DiazBoard Member
John TaylorBoard Member
Linda WilliamsBoard Member
Nancy DaleyBoard Member
Mary PulseSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Enterprise Services Cleaning INCCustodial Servi-$170,305
Revenue and Support

Revenue Composition

Contributions and Grants
$655,413
Program Service Revenue
$5,228,171
Investment Income
$0
Other Revenue
$435,719
Change in Net Assets
$43,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,319,303
Total Revenue per Audited Statements
$6,319,303
Total Revenue per Form 990
$6,319,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,855,963
Other Expenses$2,419,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,819,069$82,157-$2,901,226
Occupancy$868,791$213,303-$1,082,094
Other Employee Benefits$492,054$10,591-$502,645
Pension Plan Contributions$228,010$6,725-$234,735
Payroll Taxes$211,352$6,005-$217,357
All Other Expenses$185,483$18,054-$203,537
Office Expenses$165,271$11,036-$176,307
Other Expenses$129,590$19,898-$129,590
Depreciation Depletion$55,623$7,976-$63,599
Insurance$41,825$17,596-$59,421
Travel$24,050--$24,050
Total Functional Expenses$5,825,090$450,756$0$6,275,846

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,275,846
Total Expenses per Audited Statements$6,275,846
Total Expenses per Form 990$6,275,846
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
Construction Loan$15,392,454
Ff&e Loan$593,185
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
Yes
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

Governance Explanations

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

“The board was provided a copy of form 990 for their detail review prior to filing. The board, executive director, and cpa all review the return and discuss any changes prior to filing.”

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

“Board members are required to report conflicts of interest as they become apparent.”

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

“The board approves the salary for the executive director of the school at the august board meeting annually.”

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

“The board approves all percentage raises for the employees who are also officers of the organization and any other administrative staff.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Discovery High School Inc
EIN
47-2806004
Phone
8632687178
Address
1000 N BUENA VISTA DRIVE, LAKE ALFRED, FL 33850

Signing Officer

Name
Carol Fulks
Title
President/exec Director
Phone
8632687178
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Fulks
Formed
2014
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
100

Preparer

Firm
Mccrady & Associates Pllc
Address
107 WATER OAK LN, ALTAMONTE SPRINGS, FL 32714
Preparer
Stacy Mccrady
Phone
4079604429
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The school qualifies as a tax-exempt organization under internal revenue code section 501(c)(3) and is, therefore, exempt from income taxes. Accordingly, no tax provision has been made in the accompanying financial statements. Additionally, no uncertain tax positions have been made requiring disclosure in the related notes to the financial statements. The school's income tax returns for the prior three years is subject to examination by tax authorities, and may change upon examination.”

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IRS990/PYProgramServiceRevenueAmt04188620
IRS990/PYRevenuesLessExpensesAmt0-113301
IRS990/PYSalariesCompEmpBnftPaidAmt03130466
IRS990/PYTotalExpensesAmt05358630
IRS990/PYTotalRevenueAmt05245329
IRS990/ReconcilationRevenueExpnssAmt043457
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05663890
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0141144
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0185104
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0326248
IRS990ScheduleD/ExpensesSubtotalAmt06275846
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015392454
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1157148
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt232528
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32467
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM DALA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM DALA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM OTHER AGENCIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015392454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1593185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSTRUCTION LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FF&E LOAN
IRS990ScheduleD/RevenueSubtotalAmt06319303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, EXEMPT FROM INCOME TAXES. ACCORDINGLY, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ADDITIONALLY, NO UNCERTAIN TAX POSITIONS HAVE BEEN MADE REQUIRING DISCLOSURE IN THE RELATED NOTES TO THE FINANCIAL STATEMENTS. THE SCHOOL'S INCOME TAX RETURNS FOR THE PRIOR THREE YEARS IS SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0141144
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015584597
IRS990ScheduleD/TotalExpensesPerForm990Amt06275846
IRS990ScheduleD/TotalLiabilityAmt015985639
IRS990ScheduleD/TotalRevenuePerForm990Amt06319303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06319303
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06275846
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/ExplanationTxt0THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS MEANS, INCLUDING NEWSPAPER, GROUP PRESENTATIONS AND DIRECT MAILINGS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REVENUES ARE RECEIVED FROM THE FLORIDA DEPARTMENT OF EDUCATION UNDER THE FLORIDA EDUCATION FINANCE PROGRAM. THE AMOUNT RECEIVED IS BASED ON THE NUMBER OF WEIGHTED FULL TIME EQUIVALENT STUDENTS REPORTED BY THE SCHOOL DURING THE SURVEY PERIOD. THIS AMOUNT IS INCLUDED IN PROGRAM SERVICE REVENUE. OTHER REVENUES FROM GOVERNMENT AGENCIES INCLUDE THE US DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD WAS PROVIDED A COPY OF FORM 990 FOR THEIR DETAIL REVIEW PRIOR TO FILING. THE BOARD, EXECUTIVE DIRECTOR, AND CPA ALL REVIEW THE RETURN AND DISCUSS ANY CHANGES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST AS THEY BECOME APPARENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR OF THE SCHOOL AT THE AUGUST BOARD MEETING ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES ALL PERCENTAGE RAISES FOR THE EMPLOYEES WHO ARE ALSO OFFICERS OF THE ORGANIZATION AND ANY OTHER ADMINISTRATIVE STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DISCOVERY ACADEMY OF LAKE ALFRED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1POLK COUNTY SCHOOL BOARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0593725544
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1GOVT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SCHOOL BOA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01000 N BUENA VISTA DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11915 SOUTH FLORAL AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAKE ALFRED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BARTOW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033850
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd133830
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0DISCOVERY HIGH SCHOOL LEASES LAND FROM DISCOVERY ACADEMY OF LAKE ALFRED. THE AGREEMENT INDICATES THAT THE AMOUNT WILL BE DETERMINED ANNUALLY. UNDER THE CURRENT AGREEMENT, RENT EXPENSE CHARGED TO THE SCHOOL IS 600,000. DISCOVERY ACADEMY OF LAKE ALFRED SIGNED ON THE NOTE PAYABLE RELATING TO THE AFOREMENTIONED LAND AND BUILDING TOTALING APPROXIMATELY 15,800,000. THE SCHOOL CO-SIGNED THE LOAN. THERE IS APPROXIMATELY 15.4 MILLION NON-CURRENT SET RELATING TO THE NOTES PAYABLE THE SCHOOL CO-SIGNED. THERE IS APPROXIMATELY 160,000 DUE TO THE SCHOOL FROM DISCOVERY ACADEMY OF LAKE ALFRED FOR OPERATING COSTS IN THE CURRENT YEAR. DISCOVERY ACADEMY PROVIDED FOOD AND TRANSPORTATION SERVICES FOR THE SCHOOL. THE SCHOOL PAID APPROXIMATELY 250,000 TO DISCOVERY ACADEMY OF LAKE ALFRED FOR TRANSPORTATION SERVICES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0600000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt115800000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt215400000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3160000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt4250000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1SEE EXPLANATION BELOW
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2SEE EXPLANATION BELOW
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3SEE EXPLANATION BELOW
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4SEE EXPLANATION BELOW
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DISCOVERY ACADEMY OF LAKE ALFRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1DISCOVERY ACADEMY OF LAKE ALFRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2DISCOVERY ACADEMY OF LAKE ALFRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3DISCOVERY ACADEMY OF LAKE ALFRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4DISCOVERY ACADEMY OF LAKE ALFRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4O
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015970988
IRS990/TotalAssetsEOYAmt016016350
IRS990/TotalAssetsGrp/BOYAmt015970988
IRS990/TotalAssetsGrp/EOYAmt016016350

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,016,350
Liabilities
$16,215,821
Net assets
-$199,471
Revenue
$6,319,303
Expenses
$6,275,846
Net income
$43,457
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.3$29.0$2.64$7.52$8.63$1.11
2023Detailed filing. Detailed filing data is available for this year.$26.9$28.4$1.53$8.77$9.22$0.46
2022Detailed filing. Detailed filing data is available for this year.$27.6$28.6$1.08$6.97$7.80$0.83
2021Detailed filing. Detailed filing data is available for this year.$28.4$28.6$0.25$7.79$7.83$0.05
2020Detailed filing. Detailed filing data is available for this year.$16.0$16.2$0.20$6.32$6.28$0.04
2019Detailed filing. Detailed filing data is available for this year.$16.0$16.2$0.24$5.25$5.36$0.11
2018Detailed filing. Detailed filing data is available for this year.$12.0$12.1$0.13$3.71$3.77$0.06
2017Detailed filing. Detailed filing data is available for this year.$7.86$7.93$0.07$2.41$2.46$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.65$0.03$0.03$0.05$0.03