Civic Intelligence

Broadwater Academy

990 • Fiscal year 2020 • EIN 54-0799130

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.BROADWATERACADEMY.ORG

View Organization Page

PO Box 546Exmore, VA 22350

(757) 442-9041

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

1.64x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

21st percentile

-9.0%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

28th percentile

$66,967

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

40th percentile

2.9%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-13%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$5,211,524

Up $146,252 (+2.9%) from 2019

Net Assets

Down

$470,040

Down $425,550 (-48%) from 2019

Liabilities

Up

$4,741,484

Up $571,802 (+14%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin21st percentile

Revenue

Down

$2,894,053

Down $434,393 (-13%) from 2019

Expenses

Down

$3,154,892

Down $345,801 (-9.9%) from 2019

Net Income

Down

-$260,839

Down $88,592 (-51%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,067,958Liabilities 2011: $587,346Net Assets 2011: $4,480,6122011Assets 2012: $3,950,952Liabilities 2012: $1,137,652Net Assets 2012: $2,813,3002012Assets 2013: $3,903,030Liabilities 2013: $1,118,899Net Assets 2013: $2,784,1312013Assets 2014: $3,923,545Liabilities 2014: $1,337,404Net Assets 2014: $2,586,1412014Assets 2015: $3,669,333Liabilities 2015: $1,634,848Net Assets 2015: $2,034,4852015Assets 2016: $4,317,406Liabilities 2016: $2,647,010Net Assets 2016: $1,670,3962016Assets 2017: $4,874,471Liabilities 2017: $3,924,494Net Assets 2017: $949,9772017Assets 2018: $5,490,774Liabilities 2018: $4,454,125Net Assets 2018: $1,036,6492018Assets 2019: $5,065,272Liabilities 2019: $4,169,682Net Assets 2019: $895,5902019Assets 2020: $5,211,524Liabilities 2020: $4,741,484Net Assets 2020: $470,0402020Assets 2021: $5,201,579Liabilities 2021: $4,685,453Net Assets 2021: $516,1262021Assets 2022: $5,203,721Liabilities 2022: $4,281,390Net Assets 2022: $922,3312022Assets 2023: $4,710,472Liabilities 2023: $4,045,650Net Assets 2023: $664,8222023Assets 2024: $5,094,803Liabilities 2024: $4,434,443Net Assets 2024: $660,3602024Assets 2025: $4,270,205Liabilities 2025: $3,619,735Net Assets 2025: $650,4702025

Highlighted filing

2020

Assets$5,211,524
Liabilities$4,741,484
Net Assets$470,040
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,361,1942011Expenses 2012: $3,756,9612012Revenue 2013: $3,650,326Expenses 2013: $3,790,237Net Income 2013: -$139,9112013Revenue 2014: $3,640,409Expenses 2014: $3,918,524Net Income 2014: -$278,1152014Revenue 2015: $3,580,170Expenses 2015: $4,038,545Net Income 2015: -$458,3752015Revenue 2016: $3,553,524Expenses 2016: $3,917,613Net Income 2016: -$364,0892016Revenue 2017: $3,062,705Expenses 2017: $3,583,073Net Income 2017: -$520,3682017Revenue 2018: $3,165,673Expenses 2018: $3,407,180Net Income 2018: -$241,5072018Revenue 2019: $3,328,446Expenses 2019: $3,500,693Net Income 2019: -$172,2472019Revenue 2020: $2,894,053Expenses 2020: $3,154,892Net Income 2020: -$260,8392020Revenue 2021: $3,545,866Expenses 2021: $3,541,557Net Income 2021: $4,3092021Revenue 2022: $4,139,571Expenses 2022: $3,722,174Net Income 2022: $417,3972022Revenue 2023: $4,001,369Expenses 2023: $4,263,065Net Income 2023: -$261,6962023Revenue 2024: $4,438,307Expenses 2024: $4,447,475Net Income 2024: -$9,1682024Revenue 2025: $4,157,415Expenses 2025: $4,177,202Net Income 2025: -$19,7872025

Highlighted filing

2020

Revenue$2,894,053
Expenses$3,154,892
Net Income-$260,839
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$2,919,589
Mission and Program Overview

Mission

Broadwater academy is an independent, non-profit institution that exists to provide an academic-based educational program and to provide non-academic programs which enhance and facilitate the development of students who are prepared to succeed in a college program and to contribute to a changing society upon graduation. The academy admits students of any race, color, national and ethnic origin who are all entitled to all the rights, priviledges, programs and activites generally accorded or made available to students at the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,500,787$2,391,272▼ $109,515
Accounts Receivable$1,233,354$1,628,406▲ $395,052
Cash and Non-Interest-Bearing Accounts$918,048$949,813▲ $31,765
Pledges and Grants Receivable$218,252$75,066▼ $143,186
Investments Other Securities$59,329--
Savings and Temporary Cash Investments-$52,742-
Prepaid Expenses and Deferred Charges$31,421$15,225▼ $16,196
Investments in Publicly Traded Securities$5,081--
Total Assets$5,065,272$5,211,524▲ $146,252
Other Assets Total$99,000$99,000→ $0
Liabilities
Deferred Revenue$2,255,854$2,222,056▼ $33,798
Mortgage Notes Payable Secured by Investment Property$922,834$1,230,594▲ $307,760
Other Liabilities$642,219$924,794▲ $282,575
Accounts Payable and Accrued Expenses$348,775$364,040▲ $15,265
Total Liabilities$4,169,682$4,741,484▲ $571,802
Net Assets / Fund Balance
Net Assets With Donor Restrictions$387,341$431,732▲ $44,391
Net Assets Without Donor Restrictions$508,249$38,308▼ $469,941
Total Net Assets Fund Balance$895,590$470,040▼ $425,550
Total Liabilities and Net Assets / Fund Balance$5,065,272$5,211,524▲ $146,252

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,629,429$3,766,603$5,396,032
Equipment$606,305$700,338$1,306,643
Other Land Buildings$2,440$214,140$216,580
Land$153,098-$153,098
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph SpagnoloHead of SchoolFT$66,667$300$66,967
Julie BadgerHead of SchoolFT$65,000$300$65,300
Leslie WestCFOFT$29,792$733$30,525

Board Members and Trustees

NameTitle
Pamela Von Eiff-turnerChair
Daniel a BrownVice Chair
Ann Arsenieu GallivanDirector
Blake JohnsonDirector
Brent AndersonDirector
Chris WillisDirector
Jon WehnerDirector
Kristy HickmanDirector
Richard D VestalDirector
Robert C GustafsonDirector
Martha S SutherlandSecretary
Peter DuerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$337,336
Program Service Revenue
$2,550,034
Investment Income
$6,683
Other Revenue
$0
All Other Contributions
$280,104
Change in Net Assets
$-260,839

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,894,053
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,869
Total Revenue per Audited Statements
$2,892,184
Total Revenue per Form 990
$2,894,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,215,406
Other Expenses$939,486
Total Fundraising Expense$73,587
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,563,153$167,028$60,417$1,790,598
Depreciation Depletion$141,232$33,248$3,192$177,672
Occupancy$171,529--$171,529
Payroll Taxes$130,915$31,890$5,035$167,840
Current Officers, Directors, Trustees, and Key Employees$82,267$64,175-$146,442
Other Employee Benefits$87,547$19,589$3,390$110,526
Fees for Services Other-$67,829-$67,829
Office Expenses$45,752$6,211$1,553$53,516
Fees for Services Accounting-$45,761-$45,761
Interest$44,982--$44,982
Insurance-$39,162-$39,162
Advertising-$23,824-$23,824
Information Technology$22,511--$22,511
Other Expenses$83,836$4,247-$4,247
Fees for Services Legal-$323-$323
Total Functional Expenses$2,578,018$503,287$73,587$3,154,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,154,892
Total Expenses per Audited Statements$3,154,892
Total Expenses per Form 990$3,154,892
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Broadwater Academy Foundation$924,794
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 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
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

“Finance commitee members have the opportunity to review the tax return before filing”

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

“Each director or principal officer shall annually sign a statement which affirms such person 1) has 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 its federal tax exemption, it must engage primarily in activities which accomplish one or more if its tax-exempt purposes. The policy includes procedures that involve 1) a duty to disclose 2) determining whether a conflict of interest exists and 4) additional steps if violations of the conflicts of interest policy exist”

Form 990, Part VI, Section B, Line 15A

“It is the duty of the finance committee and board of directors to approve compensation for headmaster, ceo, and employees of the school”

Form 990, Part VI, Section C, Line 18

“Governing documents disclosure explain governing documents are available to the public upon request”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explain governing documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Broadwater Academy
EIN
54-0799130
Phone
7574429041
Address
PO BOX 546, EXMORE, VA 22350

Signing Officer

Name
Steven M Belote
Title
Chief Financial Officer
Phone
7574429041
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven M Belote
Formed
1965
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
84
Volunteers
70

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 XI, LINE 9:

“Change in split interest agreement -1,869.”

FORM 990, PART XII, LINE 2C:

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

Financial Statement Notes

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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in split interest agreement -1,869.”

Raw XML AppendixShowing 400 of 550 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt13HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02471
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt028007
IRS990/GrossReceiptsAmt02919589
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt022511
IRS990/InformationTechnologyGrp/TotalAmt022511
IRS990/InsuranceGrp/ManagementAndGeneralAmt039162
IRS990/InsuranceGrp/TotalAmt039162
IRS990/InterestGrp/ProgramServicesAmt044982
IRS990/InterestGrp/TotalAmt044982
IRS990/InvestmentIncomeGrp/ExclusionAmt04212
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04212
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt059329
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05081
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04681081
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02500787
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02391272
IRS990/LandBldgEquipCostOrOtherBssAmt07072353
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt025536
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BROADWATER ACADEMY IS AN INDEPENDENT, NON-PROFIT INSTITUTION THAT EXISTS TO PROVIDE AN ACADEMIC-BASED EDUCATIONAL PROGRAM AND TO PROVIDE NON-ACADEMIC PROGRAMS WHICH ENHANCE AND FACILITATE THE DEVELOPMENT OF STUDENTS WHO ARE PREPARED TO SUCCEED IN A COLLEGE PROGRAM AND TO CONTRIBUTE TO A CHANGING SOCIETY UPON GRADUATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN WHO ARE ALL ENTITLED TO ALL THE RIGHTS, PRIVILEDGES, PROGRAMS AND ACTIVITES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0922834
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01230594
IRS990/NetAssetsOrFundBalancesBOYAmt0895590
IRS990/NetAssetsOrFundBalancesEOYAmt0470040
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02471
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02471
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0508249
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt038308
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0171529
IRS990/OccupancyGrp/TotalAmt0171529
IRS990/OfficeExpensesGrp/FundraisingAmt01553
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06211
IRS990/OfficeExpensesGrp/ProgramServicesAmt045752
IRS990/OfficeExpensesGrp/TotalAmt053516
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt099000
IRS990/OtherAssetsTotalGrp/EOYAmt099000
IRS990/OtherChangesInNetAssetsAmt0-1869
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03390
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019589
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt087547
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0110526
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/Desc2LICENSES AND TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04247
IRS990/OtherExpensesGrp/ProgramServicesAmt0204294
IRS990/OtherExpensesGrp/ProgramServicesAmt183836
IRS990/OtherExpensesGrp/TotalAmt0204294
IRS990/OtherExpensesGrp/TotalAmt183836
IRS990/OtherExpensesGrp/TotalAmt24247
IRS990/OtherLiabilitiesGrp/BOYAmt0642219
IRS990/OtherLiabilitiesGrp/EOYAmt0924794
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt060417
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0167028
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01563153
IRS990/OtherSalariesAndWagesGrp/TotalAmt01790598
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05035
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031890
IRS990/PayrollTaxesGrp/ProgramServicesAmt0130915
IRS990/PayrollTaxesGrp/TotalAmt0167840
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0218252
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt075066
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031421
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015225
IRS990/PrincipalOfficerNm0STEVEN M BELOTE
IRS990/PriorPeriodAdjustmentsAmt0-162842
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0NET TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02342738
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1207296
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02342738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1207296
IRS990/ProgSrvcAccomActy2Grp/Desc0TUITION GRANTS AND FINANCIAL AID CREDITS ARE USED TO ASSIST STUDENTS IN ATTENDING THE ACADEMY WHEN THEY WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO DO SO, APPROXIMATELY 220 DIRECTLY EACH YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0206242
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0381905
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06014
IRS990/PYOtherExpensesAmt01222548
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02940527
IRS990/PYRevenuesLessExpensesAmt0-172247
IRS990/PYSalariesCompEmpBnftPaidAmt02278145
IRS990/PYTotalExpensesAmt03500693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03328446
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-260839
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt057232
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02552505
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052742
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01629429
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03766603
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05396032
IRS990ScheduleD/EquipmentGrp/BookValueAmt0606305
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0700338
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01306643
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03154892
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0153098
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0153098
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02440
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0214140
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0216580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0924794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BROADWATER ACADEMY FOUNDATION
IRS990ScheduleD/OtherRevenueAmt0-1869
IRS990ScheduleD/RevenueNotReportedAmt0-1869
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02894053
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1CHANGE IN SPLIT INTEREST AGREEMENT -1,869.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02391272
IRS990ScheduleD/TotalExpensesPerForm990Amt03154892
IRS990ScheduleD/TotalLiabilityAmt0924794
IRS990ScheduleD/TotalRevenuePerForm990Amt02894053
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02892184
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03154892
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,211,524
Liabilities
$4,741,484
Net assets
$470,040
Revenue
$2,894,053
Expenses
$3,154,892
Net income
-$260,839
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.27$3.62$0.65$4.16$4.18$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$4.43$0.66$4.44$4.45$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.71$4.05$0.66$4.00$4.26$0.26
2022Detailed filing. Detailed filing data is available for this year.$5.20$4.28$0.92$4.14$3.72$0.42
2021Detailed filing. Detailed filing data is available for this year.$5.20$4.69$0.52$3.55$3.54$0.00
2020Detailed filing. Detailed filing data is available for this year.$5.21$4.74$0.47$2.89$3.15$0.26
2019Detailed filing. Detailed filing data is available for this year.$5.07$4.17$0.90$3.33$3.50$0.17
2018Detailed filing. Detailed filing data is available for this year.$5.49$4.45$1.04$3.17$3.41$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.87$3.92$0.95$3.06$3.58$0.52
2016Detailed filing. Detailed filing data is available for this year.$4.32$2.65$1.67$3.55$3.92$0.36
2015Detailed filing. Detailed filing data is available for this year.$3.67$1.63$2.03$3.58$4.04$0.46
2014Detailed filing. Detailed filing data is available for this year.$3.92$1.34$2.59$3.64$3.92$0.28
2013Summary only. Only limited summary data is available for this year.$3.90$1.12$2.78$3.65$3.79$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$1.14$2.81$3.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$0.59$4.48$3.36