Civic Intelligence

Palm Bay Academy Inc

990 • Fiscal year 2016 • EIN 59-3519824

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 18, 2017

Organization ProfilePBA.CS.BREVARD.K12.FL.US

View Organization Page

2112 Palm Bay Road NEPalm Bay, FL 32905

(321) 984-2710

Siviq Scores

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

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

2.42x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

67th percentile

8.1%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

60th percentile

4.3%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

6.0%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$10,925,592

Up $447,572 (+4.3%) from 2015

Net Assets

Up

-$1,195,458

Up $403,636 (+25%) from 2015

Liabilities

Up

$12,121,050

Up $43,936 (+0.4%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin67th percentile

Revenue

Up

$5,004,604

Up $283,166 (+6.0%) from 2015

Expenses

Up

$4,600,968

Up $344,028 (+8.1%) from 2015

Net Income

Down

$403,636

Down $60,862 (-13%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $12,224,575Liabilities 2011: $12,285,779Net Assets 2011: -$61,2042011Assets 2012: $11,551,530Liabilities 2012: $12,121,771Net Assets 2012: -$570,2412012Assets 2013: $10,990,749Liabilities 2013: $12,218,517Net Assets 2013: -$1,227,7682013Assets 2014: $10,058,453Liabilities 2014: $12,122,045Net Assets 2014: -$2,063,5922014Assets 2015: $10,478,020Liabilities 2015: $12,077,114Net Assets 2015: -$1,599,0942015Assets 2016: $10,925,592Liabilities 2016: $12,121,050Net Assets 2016: -$1,195,4582016Assets 2017: $13,459,789Liabilities 2017: $15,054,073Net Assets 2017: -$1,594,2842017Assets 2018: $12,525,963Liabilities 2018: $14,891,072Net Assets 2018: -$2,365,1092018Assets 2019: $12,247,759Liabilities 2019: $14,945,891Net Assets 2019: -$2,698,1322019Assets 2020: $12,162,103Liabilities 2020: $15,585,905Net Assets 2020: -$3,423,8022020Assets 2021: $12,664,257Liabilities 2021: $15,453,295Net Assets 2021: -$2,789,0382021Assets 2022: $12,262,383Liabilities 2022: $15,037,590Net Assets 2022: -$2,775,2072022Assets 2023: $11,356,794Liabilities 2023: $15,124,968Net Assets 2023: -$3,768,1742023Assets 2024: $10,923,751Liabilities 2024: $14,678,498Net Assets 2024: -$3,754,7472024

Highlighted filing

2016

Assets$10,925,592
Liabilities$12,121,050
Net Assets-$1,195,458
Open 2016 Filing

Operations Trend

Revenue Growth59th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,840,210Expenses 2011: $4,212,364Net Income 2011: -$372,1542011Expenses 2012: $4,350,7202012Expenses 2013: $4,359,0812013Revenue 2014: $3,937,230Expenses 2014: $4,138,279Net Income 2014: -$201,0492014Revenue 2015: $4,721,438Expenses 2015: $4,256,940Net Income 2015: $464,4982015Revenue 2016: $5,004,604Expenses 2016: $4,600,968Net Income 2016: $403,6362016Revenue 2017: $5,098,585Expenses 2017: $5,497,411Net Income 2017: -$398,8262017Revenue 2018: $4,772,062Expenses 2018: $5,542,887Net Income 2018: -$770,8252018Revenue 2019: $4,905,900Expenses 2019: $5,238,923Net Income 2019: -$333,0232019Revenue 2020: $4,046,301Expenses 2020: $4,771,971Net Income 2020: -$725,6702020Revenue 2021: $5,123,934Expenses 2021: $4,489,170Net Income 2021: $634,7642021Revenue 2022: $4,416,270Expenses 2022: $4,603,873Net Income 2022: -$187,6032022Revenue 2023: $4,126,250Expenses 2023: $5,119,217Net Income 2023: -$992,9672023Revenue 2024: $5,343,924Expenses 2024: $5,330,497Net Income 2024: $13,4272024

Highlighted filing

2016

Revenue$5,004,604
Expenses$4,600,968
Net Income$403,636
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 18, 2017
Return Version
2015v3.0
Gross Receipts
$5,004,604
Mission and Program Overview

Mission

To provide primary educational services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,642,228$8,385,176▼ $257,052
Cash and Non-Interest-Bearing Accounts$334,503$581,671▲ $247,168
Savings and Temporary Cash Investments$82,720$82,761▲ $41
Total Assets$10,478,020$10,925,592▲ $447,572
Other Assets Total$1,418,569$1,875,984▲ $457,415
Liabilities
Tax Exempt Bond Liabilities$11,774,201$11,774,201→ $0
Accounts Payable and Accrued Expenses$302,913$346,849▲ $43,936
Total Liabilities$12,077,114$12,121,050▲ $43,936
Net Assets / Fund Balance
Unrestricted Net Assets$-435,315$-160,588▲ $274,727
Temporarily Rstr Net Assets$-1,163,779$-1,034,870▲ $128,909
Total Net Assets Fund Balance$-1,599,094$-1,195,458▲ $403,636
Total Liabilities and Net Assets / Fund Balance$10,478,020$10,925,592▲ $447,572

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,449,362$2,285,475$8,734,837
Land$1,711,383-$1,711,383
Equipment$186,665$291,569$478,234
Other Land Buildings$8,591$94,178$102,769
Leasehold Improvements$29,175$49,499$78,674
Other Assets Org$16,704--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Martha E WolfPresident
Brendon PurcellMember
Allison R CunninghamSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,199,945
Program Service Revenue
$795,202
Investment Income
$9,457
Other Revenue
$0
All Other Contributions
$580
Change in Net Assets
$403,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,004,604
Revenue Not Reported on Form 990
$34,249
Total Revenue per Audited Statements
$5,038,853
Total Revenue per Form 990
$5,004,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,049,068
Other Expenses$1,551,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,578,640--$2,578,640
Occupancy$381,008--$381,008
Depreciation Depletion$291,113--$291,113
Other Employee Benefits$266,116--$266,116
All Other Expenses$209,034--$209,034
Payroll Taxes$204,312--$204,312
Insurance$60,514--$60,514
Other Expenses$45,936--$45,936
Office Expenses$426--$426
Total Functional Expenses$4,600,968$0$0$4,600,968

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,635,217
Expenses per Audited Statements$4,600,968
Total Expenses per Form 990$4,600,968
Expenses Not Reported on Form 990$34,249
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFlorida Development Finance Corp2007-09-01$6,260,000-
BFlorida Development Finance Corp2006-09-01$5,920,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Form 990 is reviewed annually by principal/ceo.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Palm Bay Academy Inc
EIN
59-3519824
Phone
3219842710
Address
2112 PALM BAY ROAD NE, PALM BAY, FL 32905

Signing Officer

Name
Madhu Longani
Title
Principal
Phone
3219842710
Signed
2017-01-18

Organization Details

Principal Officer
Madhu Longani
Voting Board Members
3
Independent Board Members
3
Employees
124

Preparer

Firm
Flavin Nooney & Person Inc
Address
2200 SOUTH BABCOCK STREET, MELBOURNE, FL 32901
Preparer
Thomas P Flavin CPA
Phone
3217254700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Fefp admin fees 34,249 fefp admin fees -34,249”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“FEFP ADMIN FEES 34,249”

Schedule D, Page 4, Part XII, Line 2D

“FEFP ADMIN FEES 34,249”

Raw XML AppendixShowing 400 of 413 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0302913
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0346849
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE PRIMARY EDUCATIONAL SERVICES.
IRS990/AllOtherContributionsAmt0580
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0209034
IRS990/AllOtherExpensesGrp/TotalAmt0209034
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PALM BAY ACADEMY CHARTER SCHOOL
IRS990/BooksInCareOfDetail/PhoneNum03219842710
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02112 PALM BAY RD NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PALM BAY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032905
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0334503
IRS990/CashNonInterestBearingGrp/EOYAmt0581671
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04199945
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt09457
IRS990/CYOtherExpensesAmt01551900
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0795202
IRS990/CYRevenuesLessExpensesAmt0403636
IRS990/CYSalariesCompEmpBnftPaidAmt03049068
IRS990/CYTotalExpensesAmt04600968
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05004604
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0291113
IRS990/DepreciationDepletionGrp/TotalAmt0291113
IRS990/Desc0CHARTER SCHOOL, GRADES K-9
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0124
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt04600968
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0MARTHA E WOLF
IRS990/Form990PartVIISectionAGrp/PersonNm1ALLISON R CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm2BRENDON PURCELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt04199365
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05004604
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt060514
IRS990/InsuranceGrp/TotalAmt060514
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt09457
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09457
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02720721
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08642228
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08385176
IRS990/LandBldgEquipCostOrOtherBssAmt011105897
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE PRIMARY EDUCATIONAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-1599094
IRS990/NetAssetsOrFundBalancesEOYAmt0-1195458
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0381008
IRS990/OccupancyGrp/TotalAmt0381008
IRS990/OfficeExpensesGrp/ProgramServicesAmt0426
IRS990/OfficeExpensesGrp/TotalAmt0426
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01418569
IRS990/OtherAssetsTotalGrp/EOYAmt01875984
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0266116
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0266116
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL & TECH
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3TEXT BOOK
IRS990/OtherExpensesGrp/ProgramServicesAmt0211227
IRS990/OtherExpensesGrp/ProgramServicesAmt1201022
IRS990/OtherExpensesGrp/ProgramServicesAmt2151620
IRS990/OtherExpensesGrp/ProgramServicesAmt345936
IRS990/OtherExpensesGrp/TotalAmt0211227
IRS990/OtherExpensesGrp/TotalAmt1201022
IRS990/OtherExpensesGrp/TotalAmt2151620
IRS990/OtherExpensesGrp/TotalAmt345936
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02578640
IRS990/OtherSalariesAndWagesGrp/TotalAmt02578640
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0204312
IRS990/PayrollTaxesGrp/TotalAmt0204312
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MADHU LONGANI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TITLE 1 INCOME
IRS990/ProgramServiceRevenueGrp/Desc1NATIONAL SCHOOL LUNCH
IRS990/ProgramServiceRevenueGrp/Desc2MISC. REVENUE - OTHER
IRS990/ProgramServiceRevenueGrp/Desc3TITLE 2
IRS990/ProgramServiceRevenueGrp/Desc4MISC. REVENUE-FIELD TRIP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0363913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1320882
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt257684
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt331969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt415002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0363913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1320882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt257684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt331969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt415002
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04128183
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0272
IRS990/PYOtherExpensesAmt01419543
IRS990/PYProgramServiceRevenueAmt0592983
IRS990/PYRevenuesLessExpensesAmt0464498
IRS990/PYSalariesCompEmpBnftPaidAmt02837397
IRS990/PYTotalExpensesAmt04256940
IRS990/PYTotalRevenueAmt04721438
IRS990/ReconcilationRevenueExpnssAmt0403636
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082720
IRS990/SavingsAndTempCashInvstGrp/EOYAmt082761
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt06449362
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02285475
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08734837
IRS990ScheduleD/EquipmentGrp/BookValueAmt0186665
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0291569
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0478234
IRS990ScheduleD/ExpensesNotReportedAmt034249
IRS990ScheduleD/ExpensesSubtotalAmt04600968
IRS990ScheduleD/LandGrp/BookValueAmt01711383
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01711383
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029175
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049499
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt078674
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01657796
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1101055
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2100429
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt316704
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH WITH FISCAL AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM OTHER AGENCIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REFUNDABLE DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt034249
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08591
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt094178
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0102769
IRS990ScheduleD/OtherRevenueAmt034249
IRS990ScheduleD/RevenueNotReportedAmt034249
IRS990ScheduleD/RevenueSubtotalAmt05004604
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FEFP ADMIN FEES 34,249
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FEFP ADMIN FEES 34,249
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08385176
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01875984
IRS990ScheduleD/TotalExpensesPerForm990Amt04600968
IRS990ScheduleD/TotalRevenuePerForm990Amt05004604
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05038853
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04635217
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/ExplanationTxt0PER ITS CHARTER SCHOOL CONTRACT WITH THE SCHOOL BOARD OF BREVARD COUNTY, PALM BAY ACADEMY AGREES TO ADHERE TO A POLICY OF NONDISCRIMINATION IN EDUCATIONAL PROGRAMS/ACTIVITIES AND EMPLOYMENT AND STRIVES AFFIRMATIVELY TO PROVIDE EQUAL OPPORTUNITY FOR ALL AS REQUIRED BY FEDERAL, STATE AND LOCAL LAWS. NOTIFICATION OF THIS POLICY IS INCLUDED IN ALL PUBLIC MEDIA INFORMATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE BREVARD COUNTY SCHOOL BOARD PROVIDES FUNDING BASED ON FTE NUMBER OF STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-09-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12006-09-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06260000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt15920000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0FLORIDA DEVELOPMENT FINANCE CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1FLORIDA DEVELOPMENT FINANCE CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0FLORIDA DEVELOPMENT FINANCE CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED ANNUALLY BY PRINCIPAL/CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FEFP ADMIN FEES 34,249 FEFP ADMIN FEES -34,249
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt011774201
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt011774201
IRS990/TaxExemptBondsInd0true
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0-1163779
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0-1034870
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010478020
IRS990/TotalAssetsEOYAmt010925592
IRS990/TotalAssetsGrp/BOYAmt010478020
IRS990/TotalAssetsGrp/EOYAmt010925592
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04199945
IRS990/TotalEmployeeCnt0124
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04600968
IRS990/TotalFunctionalExpensesGrp/TotalAmt04600968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012077114
IRS990/TotalLiabilitiesEOYAmt012121050
IRS990/TotalLiabilitiesGrp/BOYAmt012077114
IRS990/TotalLiabilitiesGrp/EOYAmt012121050
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1599094
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1195458
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt05752
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05752
IRS990/TotalProgramServiceExpensesAmt04600968
IRS990/TotalProgramServiceRevenueAmt0795202
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0804659
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05004604
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010478020
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010925592
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-435315
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-160588
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0PBA.CS.BREVARD.K12.FL.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MADHU LONGANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum03219842710
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALM BAY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0593519824
ReturnHeader/Filer/PhoneNum03219842710
ReturnHeader/Filer/USAddress/AddressLine1Txt02112 PALM BAY ROAD NE
ReturnHeader/Filer/USAddress/CityNm0PALM BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032905
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454593232

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,925,592
Liabilities
$12,121,050
Net assets
-$1,195,458
Revenue
$5,004,604
Expenses
$4,600,968
Net income
$403,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.9$14.7$3.75$5.34$5.33$0.01
2023Detailed filing. Detailed filing data is available for this year.$11.4$15.1$3.77$4.13$5.12$0.99
2022Detailed filing. Detailed filing data is available for this year.$12.3$15.0$2.78$4.42$4.60$0.19
2021Detailed filing. Detailed filing data is available for this year.$12.7$15.5$2.79$5.12$4.49$0.63
2020Detailed filing. Detailed filing data is available for this year.$12.2$15.6$3.42$4.05$4.77$0.73
2019Detailed filing. Detailed filing data is available for this year.$12.2$14.9$2.70$4.91$5.24$0.33
2018Detailed filing. Detailed filing data is available for this year.$12.5$14.9$2.37$4.77$5.54$0.77
2017Detailed filing. Detailed filing data is available for this year.$13.5$15.1$1.59$5.10$5.50$0.40
2016Detailed filing. Detailed filing data is available for this year.$10.9$12.1$1.20$5.00$4.60$0.40
2015Detailed filing. Detailed filing data is available for this year.$10.5$12.1$1.60$4.72$4.26$0.46
2014Summary only. Only limited summary data is available for this year.$10.1$12.1$2.06$3.94$4.14$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$12.2$1.23$4.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$12.1$0.57$4.35
2011Summary only. Only limited summary data is available for this year.$12.2$12.3$0.06$3.84$4.21$0.37