Civic Intelligence

Renaissance Charter School Inc

EIN 65-0864257 • 501(c)3 • Fort Lauderdale, FL

Profile

The organization provides high quality schools with an unwavering dedication to student achievement unyielding commitment to ethical and sound business practices providing a choice for communities, parents, students and professionals that fosters educational excellence in america.

800 Corporate Drive 124Fort Lauderdale, FL 33334

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.98x

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

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

1.38x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

7th percentile

$178,086

Higher top officer pay than 7% of similar nonprofits.

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

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

62nd percentile

8.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

31%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$721,789,412

Up $53,382,083 (+8.0%) from 2023

Liabilities

Down

$704,313,457

Down $7,283,909 (-1.0%) from 2023

Net Assets

Up

$17,475,955

Up $60,665,992 (+140%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin70th percentile

Revenue

Up

$508,850,377

Up $119,180,293 (+31%) from 2023

Expenses

Up

$448,184,385

Up $60,084,459 (+15%) from 2023

Net Income

Up

$60,665,992

Up $59,095,834 (+3764%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0-$200MAssets 2011: $164,186,098Liabilities 2011: $160,243,261Net Assets 2011: $3,942,8372011Assets 2012: $162,511,003Liabilities 2012: $163,860,519Net Assets 2012: -$1,349,5162012Assets 2013: $219,353,821Liabilities 2013: $221,734,715Net Assets 2013: -$2,380,8942013Assets 2014: $298,340,676Liabilities 2014: $303,611,709Net Assets 2014: -$5,271,0332014Assets 2015: $361,294,637Liabilities 2015: $368,609,678Net Assets 2015: -$7,315,0412015Assets 2016: $450,221,948Liabilities 2016: $454,470,074Net Assets 2016: -$4,248,1262016Assets 2017: $446,816,361Liabilities 2017: $455,437,696Net Assets 2017: -$8,621,3352017Assets 2018: $477,105,933Liabilities 2018: $497,693,784Net Assets 2018: -$20,587,8512018Assets 2019: $538,429,489Liabilities 2019: $558,305,278Net Assets 2019: -$19,875,7892019Assets 2020: $532,417,190Liabilities 2020: $563,621,345Net Assets 2020: -$31,204,1552020Assets 2021: $543,300,790Liabilities 2021: $566,809,459Net Assets 2021: -$23,508,6692021Assets 2022: $680,018,201Liabilities 2022: $724,788,105Net Assets 2022: -$44,769,9042022Assets 2023: $668,407,329Liabilities 2023: $711,597,366Net Assets 2023: -$43,190,0372023Assets 2024: $721,789,412Liabilities 2024: $704,313,457Net Assets 2024: $17,475,9552024

Highlighted filing

2024

Assets$721,789,412
Liabilities$704,313,457
Net Assets$17,475,955
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600M$400M$200M$0-$200MExpenses 2011: $36,837,0842011Expenses 2012: $62,588,9482012Expenses 2013: $102,250,4752013Revenue 2014: $152,617,749Expenses 2014: $155,380,558Net Income 2014: -$2,762,8092014Revenue 2015: $200,382,269Expenses 2015: $202,284,371Net Income 2015: -$1,902,1022015Revenue 2016: $243,094,474Expenses 2016: $240,019,660Net Income 2016: $3,074,8142016Revenue 2017: $259,584,375Expenses 2017: $263,426,507Net Income 2017: -$3,842,1322017Revenue 2018: $276,073,750Expenses 2018: $288,265,719Net Income 2018: -$12,191,9692018Revenue 2019: $301,936,150Expenses 2019: $301,569,913Net Income 2019: $366,2372019Revenue 2020: $305,393,557Expenses 2020: $316,714,453Net Income 2020: -$11,320,8962020Revenue 2021: $322,771,755Expenses 2021: $314,921,324Net Income 2021: $7,850,4312021Revenue 2022: $349,845,705Expenses 2022: $369,377,270Net Income 2022: -$19,531,5652022Revenue 2023: $389,670,084Expenses 2023: $388,099,926Net Income 2023: $1,570,1582023Revenue 2024: $508,850,377Expenses 2024: $448,184,385Net Income 2024: $60,665,9922024

Highlighted filing

2024

Revenue$508,850,377
Expenses$448,184,385
Net Income$60,665,992
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$721,789,412
Liabilities
$704,313,457
Net assets
$17,475,955
Revenue
$508,850,377
Expenses
$448,184,385
Net income
$60,665,992
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$722$704$17.5$509$448$60.7
2023Detailed filing. Detailed filing data is available for this year.$668$712$43.2$390$388$1.57
2022Detailed filing. Detailed filing data is available for this year.$680$725$44.8$350$369$19.5
2021Detailed filing. Detailed filing data is available for this year.$543$567$23.5$323$315$7.85
2020Detailed filing. Detailed filing data is available for this year.$532$564$31.2$305$317$11.3
2019Detailed filing. Detailed filing data is available for this year.$538$558$19.9$302$302$0.37
2018Detailed filing. Detailed filing data is available for this year.$477$498$20.6$276$288$12.2
2017Detailed filing. Detailed filing data is available for this year.$447$455$8.62$260$263$3.84
2016Detailed filing. Detailed filing data is available for this year.$450$454$4.25$243$240$3.07
2015Detailed filing. Detailed filing data is available for this year.$361$369$7.32$200$202$1.90
2014Detailed filing. Detailed filing data is available for this year.$298$304$5.27$153$155$2.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$219$222$2.38$102
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$164$1.35$62.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$164$160$3.94$36.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$508,850,377
Mission and Program Overview

Mission

The organization provides high quality schools with an unwavering dedication to student achievement unyielding commitment to ethical and sound business practices providing a choice for communities, parents, students and professionals that fosters educational excellence in america.

The organization operates thirty-nine charter schools that serve students from kindergarten through the twelfth grade in the state of florida and operate in broward, collier, duval, escambia, leon, miami-dade, orange, osceola, palm beach, and st. Lucie counties. The schools provide students with the necessary tools and skills needed to develop superior levels of achievement. They strive for academic, social and physical excellence by providing a high quality, challenging curriculum. They promote positive moral and social values, foster an atmosphere of self-discipline in a safe learning environment and maximize individual productivity to meet the needs of a changing global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$548,726,758$530,250,512▼ $18,476,246
Cash and Non-Interest-Bearing Accounts$49,956,121$74,470,769▲ $24,514,648
Cap Stk Tr Prin Current Funds$-43,190,037$17,475,955▲ $60,665,992
Prepaid Expenses and Deferred Charges$5,758,980$5,556,527▼ $202,453
Investments Other Securities$167$172▲ $5
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$668,407,329$721,789,412▲ $53,382,083
Other Assets Total$63,965,303$111,511,432▲ $47,546,129
Liabilities
Tax Exempt Bond Liabilities$494,661,389$532,180,544▲ $37,519,155
Other Liabilities$193,409,875$147,878,733▼ $45,531,142
Accounts Payable and Accrued Expenses$23,526,102$24,254,180▲ $728,078
Total Liabilities$711,597,366$704,313,457▼ $7,283,909
Net Assets / Fund Balance
Total Net Assets Fund Balance$-43,190,037$17,475,955▲ $60,665,992
Total Liabilities and Net Assets / Fund Balance$668,407,329$721,789,412▲ $53,382,083

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$435,841,598$110,220,909$546,062,507
Equipment$17,794,720$91,560,508$109,355,228
Land$57,283,789-$57,283,789
Leasehold Improvements$19,133,384$10,244,741$29,378,125
Other Land Buildings$197,021$45,032$242,053
Other Assets Org$1,799,325--
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick GalatowitschFellow PrincipalFT$129,418$48,668$178,086
Mark HageFellow PrincipalFT$129,731$47,947$177,678
Michael LuptonFellow PrincipalFT$127,957$45,691$173,648
Patrice KnowlesPrincipalFT$124,264$44,868$169,132
Daniel VerdierScholar PrincipalFT$127,155$34,445$161,600

Board Members and Trustees

NameTitle
Kenneth HaikoChairman
Dennis P ClarkVice-chair/secretary
Billie MillerDirector
JOHN O'BRIENDirector
Pat SmithDirector
Paul SallaruloDirector
Thomas P WheelerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
10jin LLCTech Support400 CORPORATE DR, Fort Lauderdale, FL 33334$6,294,679
Progressus Therapy LLCStudent TherapyPO BOX 639045, Cincinnati, OH 45263$6,049,455
Revenue and Support

Revenue Composition

Contributions and Grants
$344,688,224
Program Service Revenue
$157,588,317
Investment Income
$4,141,555
Other Revenue
$2,432,281
All Other Contributions
$5,623,485
Change in Net Assets
$60,665,992

Audited Revenue Reconciliation

Revenue per Audited Statements
$502,073,353
Revenue Not Reported on Financial Statements
$6,777,024
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$6,777,024
Total Revenue per Audited Statements
$502,073,353
Total Revenue per Form 990
$508,850,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,145,744
Salaries, Compensation, and Employee Benefits$213,038,641
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,976,879$19,065,874-$180,042,753
Fees for Services Other$32,324,482$37,565,002-$69,889,484
Interest$35,418,956$1,356,543-$36,775,499
Payroll Taxes$25,549,261$3,274,216-$28,823,477
Depreciation Depletion$25,257,073$978,696-$26,235,769
All Other Expenses$12,461,210$667,177-$13,128,387
Other Expenses$10,817,149$526,773-$11,343,922
Occupancy$7,398,792$275,909-$7,674,701
Insurance$5,315,508$203,885-$5,519,393
Information Technology$2,117,474$3,176,210-$5,293,684
Other Employee Benefits$3,516,531$450,652-$3,967,183
Advertising$435,700$1,492,504-$1,928,204
Office Expenses$291,201$568,252-$859,453
Travel$337,345$506,015-$843,360
Pension Plan Contributions$181,914$23,314-$205,228
Total Functional Expenses$376,520,007$71,664,378$0$448,184,385

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$448,184,385
Expenses per Audited Statements$441,407,361
Total Expenses per Audited Statements$441,407,361
Expenses Not Reported on Financial Statements$6,777,024
Other Expense Adjustments$6,777,024
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
Bonds Payable$70,870,000
Capital Leases$56,812,803
Due to Other Entities$15,046,472
Custodial Funds$3,440,830
Compensated Absences$1,676,428
Promissory Note Payable$25,000
Deferred Rental Payments$7,200

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFlorida Development Finance Corporation2020-06-15$95,565,000To provide funds required for renaissance charter schools
BFlorida Development Finance Corporation2015-11-09$86,835,000To provide funds required for renaissance charter schools
DCapital Trust Agency2019-06-15$84,210,000To provide funds required for renaissance charter schools
BFlorida Development Finance Corporation2020-09-15$60,035,000To provide funds required for renaissance charter schools
AFlorida Development Finance Corporation2014-10-22$45,015,000To provide funds required for renaissance charter schools
BFlorida Development Finance Corporation2023-08-02$43,540,000To provide funds required for renaissance charter schools
DFlorida Development Finance Corporation2022-04-21$43,060,000To provide funds required for renaissance charter schools
CCapital Trust Agency2017-10-26$40,990,000To provide funds required for renaissance charter schools
CFlorida Development Finance Corporation2021-07-20$40,135,000To provide funds required for renaissance charter schools
AFlorida Development Finance Corporation2022-04-21$14,240,000To provide funds required for renaissance charter schools

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$95,565,000--$1,888,215
B$86,112,857--$1,722,255
D$84,210,000--$1,710,985
B$60,035,000--$1,247,133
A$43,995,355--$3,633,926
B$43,540,000--$850,929
D$43,060,000--$863,000
C$40,990,000--$1,380,212
C$40,135,000--$802,698
A$14,240,000--$284,800

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
Yes
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
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization hired a professional charter school management company to oversee the day to day operations of the schools.”

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 was provided to the board of directors by the organization's independent accounting firm. It was reviewed and approved by the governing board prior to government submission.”

Form 990, Part VI, Line 12B

“The organization circulates questionnaires to board members for disclosure of any conflict of interest issues.”

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

“The conflict of interest policy is monitored during the annual audit. Board members are required to disclose any conflicts of interest that occurred during the year under audit.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 1023 and form 990 available upon request to the management company.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflicts of interest policy, and financial statements available upon request to the management company.”

Filing and Contact Details

Filer

Filer Name
Renaissance Charter School Inc
EIN
65-0864257
Phone
9542023500
Address
800 CORPORATE DRIVE 124, FORT LAUDERDALE, FL 33334

Signing Officer

Name
Kenneth Haiko
Title
Chairman
Phone
9542023500
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Haiko
Formed
1998
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
4,996
Volunteers
1,965

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
6550 N FEDERAL HIGHWAY 4TH FLOOR, FT LAUDERDALE, FL 33308
Preparer
Tyler Johnson
Phone
9547710896
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

“All federal employment tax returns were filed by the individual schools within the foundation.”

Form 990, Part IX, Line 11G

“Contracted and vendor services: program service expenses 21,165,927. Management and general expenses 35,636,172. Fundraising expenses 0. Total expenses 56,802,099. Professional services: program service expenses 11,158,555. Management and general expenses 1,928,830. Fundraising expenses 0. Total expenses 13,087,385.”

Form 990, Part XII, 2C

“The board of directors oversees the audit process. The process has not changed over the past year.”

Form 990, Part XII, 3B

“An audit as required as set forth in the single audit act was performed.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“School board fee 6,777,024.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“School board fee 6,777,024.”

Raw XML AppendixShowing 400 of 956 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BONDS PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOOL BOARD FEE 6,777,024.

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