Civic Intelligence

Palm Bay Academy Inc

990 • Fiscal year 2019 • EIN 59-3519824

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 15, 2019

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

96th percentile

1.22x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

3.05x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

20th percentile

-6.8%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

24th percentile

-2.2%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

2.8%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$12,247,759

Down $278,204 (-2.2%) from 2018

Net Assets

Down

-$2,698,132

Down $333,023 (-14%) from 2018

Liabilities

Up

$14,945,891

Up $54,819 (+0.4%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin20th percentile

Revenue

Up

$4,905,900

Up $133,838 (+2.8%) from 2018

Expenses

Down

$5,238,923

Down $303,964 (-5.5%) from 2018

Net Income

Up

-$333,023

Up $437,802 (+57%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2019

Assets$12,247,759
Liabilities$14,945,891
Net Assets-$2,698,132
Open 2019 Filing

Operations Trend

Revenue Growth47th 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

2019

Revenue$4,905,900
Expenses$5,238,923
Net Income-$333,023
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 15, 2019
Return Version
2018v3.2
Gross Receipts
$4,905,900
Mission and Program Overview

Mission

To provide primary educational services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,837,570$7,564,653▼ $272,917
Intangible Assets$2,759,625$2,611,125▼ $148,500
Cash and Non-Interest-Bearing Accounts$83,903$170,828▲ $86,925
Total Assets$12,525,963$12,247,759▼ $278,204
Other Assets Total$1,844,865$1,901,153▲ $56,288
Liabilities
Tax Exempt Bond Liabilities$14,610,000$14,610,000→ $0
Accounts Payable and Accrued Expenses$281,072$335,891▲ $54,819
Total Liabilities$14,891,072$14,945,891▲ $54,819
Net Assets / Fund Balance
Unrestricted Net Assets$-47,643$-284,503▼ $236,860
Temporarily Rstr Net Assets$-2,317,466$-2,413,629▼ $96,163
Total Net Assets Fund Balance$-2,365,109$-2,698,132▼ $333,023
Total Liabilities and Net Assets / Fund Balance$12,525,963$12,247,759▼ $278,204

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,739,788$3,000,049$8,739,837
Land$1,711,383-$1,711,383
Equipment$96,231$440,305$536,536
Leasehold Improvements$15,700$114,542$130,242
Other Land Buildings$1,551$101,218$102,769
Other Assets Org$8,192--
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Martha E WolfPresident
Brendon PurcellDirector
Cynthia HarrisDirector
Ms WilsonDirector
Allison R CunninghamSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,879,637
Program Service Revenue
$1,026,263
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-333,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,905,900
Total Revenue per Audited Statements
$4,905,900
Total Revenue per Form 990
$4,905,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,004,191
Other Expenses$2,234,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,027,472$486,990-$2,514,462
Interest$529,293--$529,293
Occupancy$442,679$15,131-$457,810
Depreciation Depletion$425,550$14,465-$440,015
Other Employee Benefits$289,266$10,857-$300,123
Payroll Taxes$152,355$37,251-$189,606
All Other Expenses$92,680$66,390-$159,070
Other Expenses$88,253$317-$88,253
Insurance$30,470--$30,470
Office Expenses$1,927--$1,927
Total Functional Expenses$4,607,522$631,401$0$5,238,923

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,238,923
Total Expenses per Audited Statements$5,238,923
Total Expenses per Form 990$5,238,923
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 Corp 172017-02-28$7,265,000On feb. 28th, 2017, the series 2006 and series 2007 bonds were modified and
CFlorida Development Finance Corp 172017-02-28$3,430,000-
BFlorida Development Finance Corp 172017-02-28$735,000-
DFlorida Development Finance Corp 172017-02-28$350,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----
C----
D----

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
No
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
2019-03-15

Organization Details

Principal Officer
Madhu Longani
Voting Board Members
4
Independent Board Members
4
Employees
130

Preparer

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

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Charter school, grades k-9, enrollment”

Raw XML AppendixShowing 400 of 496 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0281072
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0335891
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE PRIMARY EDUCATIONAL SERVICES.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt066390
IRS990/AllOtherExpensesGrp/ProgramServicesAmt092680
IRS990/AllOtherExpensesGrp/TotalAmt0159070
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/BOYAmt083903
IRS990/CashNonInterestBearingGrp/EOYAmt0170828
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03879637
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02234732
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01026263
IRS990/CYRevenuesLessExpensesAmt0-333023
IRS990/CYSalariesCompEmpBnftPaidAmt03004191
IRS990/CYTotalExpensesAmt05238923
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04905900
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt014465
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0425550
IRS990/DepreciationDepletionGrp/TotalAmt0440015
IRS990/Desc0CHARTER SCHOOL, GRADES K-9
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0130
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt04607522
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MARTHA E WOLF
IRS990/Form990PartVIISectionAGrp/PersonNm1ALLISON R CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm2BRENDON PURCELL
IRS990/Form990PartVIISectionAGrp/PersonNm3MS WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm4CYNTHIA HARRIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt03879637
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04905900
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt030470
IRS990/InsuranceGrp/TotalAmt030470
IRS990/IntangibleAssetsGrp/BOYAmt02759625
IRS990/IntangibleAssetsGrp/EOYAmt02611125
IRS990/InterestGrp/ProgramServicesAmt0529293
IRS990/InterestGrp/TotalAmt0529293
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03656114
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07837570
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07564653
IRS990/LandBldgEquipCostOrOtherBssAmt011220767
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/NetAssetsOrFundBalancesBOYAmt0-2365109
IRS990/NetAssetsOrFundBalancesEOYAmt0-2698132
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt015131
IRS990/OccupancyGrp/ProgramServicesAmt0442679
IRS990/OccupancyGrp/TotalAmt0457810
IRS990/OfficeExpensesGrp/ProgramServicesAmt01927
IRS990/OfficeExpensesGrp/TotalAmt01927
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01844865
IRS990/OtherAssetsTotalGrp/EOYAmt01901153
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010857
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0289266
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0300123
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3ADMIN FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0317
IRS990/OtherExpensesGrp/ProgramServicesAmt0207562
IRS990/OtherExpensesGrp/ProgramServicesAmt1195105
IRS990/OtherExpensesGrp/ProgramServicesAmt2124910
IRS990/OtherExpensesGrp/ProgramServicesAmt388253
IRS990/OtherExpensesGrp/TotalAmt0207562
IRS990/OtherExpensesGrp/TotalAmt1195105
IRS990/OtherExpensesGrp/TotalAmt2125227
IRS990/OtherExpensesGrp/TotalAmt388253
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0486990
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02027472
IRS990/OtherSalariesAndWagesGrp/TotalAmt02514462
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037251
IRS990/PayrollTaxesGrp/ProgramServicesAmt0152355
IRS990/PayrollTaxesGrp/TotalAmt0189606
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MADHU LONGANI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CAPITAL OUTLAY
IRS990/ProgramServiceRevenueGrp/Desc1NATIONAL SCHOOL LUNCH
IRS990/ProgramServiceRevenueGrp/Desc2TITLE 1 INCOME
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUES
IRS990/ProgramServiceRevenueGrp/Desc4TITLE 2 INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0328701
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1324586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2311461
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt340796
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt416689
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0328701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1324586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2311461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt340796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt416689
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CHARTER SCHOOL, GRADES K-9, ENROLLMENT
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03801447
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08524
IRS990/PYOtherExpensesAmt02242469
IRS990/PYProgramServiceRevenueAmt0962091
IRS990/PYRevenuesLessExpensesAmt0-770825
IRS990/PYSalariesCompEmpBnftPaidAmt03300418
IRS990/PYTotalExpensesAmt05542887
IRS990/PYTotalRevenueAmt04772062
IRS990/ReconcilationRevenueExpnssAmt0-333023
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05739788
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03000049
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08739837
IRS990ScheduleD/EquipmentGrp/BookValueAmt096231
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0440305
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0536536
IRS990ScheduleD/ExpensesSubtotalAmt05238923
IRS990ScheduleD/LandGrp/BookValueAmt01711383
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01711383
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015700
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0114542
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0130242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01740261
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1109127
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt243573
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt38192
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH WITH FISCAL AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM OTHER AGENCIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED CASH FOR LUNCH PROGRAM
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REFUNDABLE DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01551
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0101218
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0102769
IRS990ScheduleD/RevenueSubtotalAmt04905900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07564653
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01901153
IRS990ScheduleD/TotalExpensesPerForm990Amt05238923
IRS990ScheduleD/TotalRevenuePerForm990Amt04905900
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04905900
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05238923
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/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd2false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd3false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0FLORIDA DEVELOPMENT FINANCE CORP 17A REISSUED INTO SIX SUBSERIES.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-02-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12017-02-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22017-02-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt32017-02-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt07265000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1735000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt23430000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt3350000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0FLORIDA DEVELOPMENT FINANCE CORP 17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1FLORIDA DEVELOPMENT FINANCE CORP 17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt2FLORIDA DEVELOPMENT FINANCE CORP 17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt3FLORIDA DEVELOPMENT FINANCE CORP 17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ON FEB. 28TH, 2017, THE SERIES 2006 AND SERIES 2007 BONDS WERE MODIFIED AND
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd3false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd2true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd3true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd2false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd3false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd2false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,247,759
Liabilities
$14,945,891
Net assets
-$2,698,132
Revenue
$4,905,900
Expenses
$5,238,923
Net income
-$333,023
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