Civic Intelligence

Bay Haven Charter Academy Inc.

990 • Fiscal year 2014 • EIN 65-1121807

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 13, 2015

2501 Hawks Landing Blvd32405

(850) 913-3463

Siviq Scores

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

Liabilities / Assets

84th percentile

0.76x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.76x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

65th percentile

9.2%

Higher net margin than 65% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

14th percentile

$116,538

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

54th percentile

5.3%

Faster asset growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2011 to 2014

Assets

Up

$44,378,906

Up $2,242,500 (+5.3%) from 2013

Net Assets

Up

$10,583,089

Up $1,181,214 (+13%) from 2013

Liabilities

Up

$33,795,817

Up $1,061,286 (+3.2%) from 2013

Revenue

$19,253,847

No earlier filing loaded for comparison.

Expenses

Up

$17,481,646

Up $2,840,704 (+19%) from 2013

Net Income

$1,772,201

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $19,874,571Liabilities 2010: $12,423,679Net Assets 2010: $7,450,8922010Assets 2011: $24,647,247Liabilities 2011: $16,387,306Net Assets 2011: $8,259,9412011Assets 2012: $21,749,438Liabilities 2012: $13,006,762Net Assets 2012: $8,742,6762012Assets 2013: $42,136,406Liabilities 2013: $32,734,531Net Assets 2013: $9,401,8752013Assets 2014: $44,378,906Liabilities 2014: $33,795,817Net Assets 2014: $10,583,0892014Assets 2015: $47,722,173Liabilities 2015: $38,761,815Net Assets 2015: $8,960,3582015Assets 2016: $49,976,649Liabilities 2016: $39,246,627Net Assets 2016: $10,730,0222016Assets 2017: $60,043,385Liabilities 2017: $48,259,120Net Assets 2017: $11,784,2652017Assets 2018: $61,870,685Liabilities 2018: $48,267,180Net Assets 2018: $13,603,5052018Assets 2019: $66,763,277Liabilities 2019: $49,774,374Net Assets 2019: $16,988,9032019Assets 2020: $69,187,748Liabilities 2020: $49,315,421Net Assets 2020: $19,872,3272020Assets 2021: $72,477,162Liabilities 2021: $51,312,848Net Assets 2021: $21,164,3142021Assets 2022: $71,580,549Liabilities 2022: $49,745,421Net Assets 2022: $21,835,1282022Assets 2023: $73,551,408Liabilities 2023: $50,403,015Net Assets 2023: $23,148,3932023Assets 2024: $79,458,168Liabilities 2024: $53,552,527Net Assets 2024: $25,905,6412024

Highlighted filing

2014

Assets$44,378,906
Liabilities$33,795,817
Net Assets$10,583,089

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2010: $8,095,2092010Revenue 2011: $13,332,822Expenses 2011: $12,523,773Net Income 2011: $809,0492011Expenses 2012: $13,644,1472012Expenses 2013: $14,640,9422013Revenue 2014: $19,253,847Expenses 2014: $17,481,646Net Income 2014: $1,772,2012014Revenue 2015: $22,963,217Expenses 2015: $19,494,244Net Income 2015: $3,468,9732015Revenue 2016: $22,517,391Expenses 2016: $20,747,727Net Income 2016: $1,769,6642016Revenue 2017: $23,530,740Expenses 2017: $22,476,497Net Income 2017: $1,054,2432017Revenue 2018: $25,383,730Expenses 2018: $23,564,490Net Income 2018: $1,819,2402018Revenue 2019: $27,509,002Expenses 2019: $24,123,604Net Income 2019: $3,385,3982019Revenue 2020: $29,888,680Expenses 2020: $27,028,893Net Income 2020: $2,859,7872020Revenue 2021: $30,327,754Expenses 2021: $29,035,767Net Income 2021: $1,291,9872021Revenue 2022: $32,779,151Expenses 2022: $32,102,616Net Income 2022: $676,5352022Revenue 2023: $34,036,867Expenses 2023: $32,819,220Net Income 2023: $1,217,6472023Revenue 2024: $39,636,041Expenses 2024: $36,878,793Net Income 2024: $2,757,2482024

Highlighted filing

2014

Revenue$19,253,847
Expenses$17,481,646
Net Income$1,772,201
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$19,253,847
Mission and Program Overview

Mission

As a community school of "choice" for teachers, parents & students, bhca, inc.'s mission is to strive together to teach beyond the standards in order to meet each child's needs by motivating students to reach their unique potential.

The company owns and operates a public school in panama city, fl.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,652,127$27,410,283▲ $10,758,156
Cash and Non-Interest-Bearing Accounts$20,291,993$11,755,645▼ $8,536,348
Savings and Temporary Cash Investments$4,440,844$3,555,103▼ $885,741
Accounts Receivable$87,512$832,451▲ $744,939
Prepaid Expenses and Deferred Charges$56,824$108,002▲ $51,178
Inventories for Sale or Use$4,693$4,970▲ $277
Total Assets$42,136,406$44,378,906▲ $2,242,500
Other Assets Total$602,413$712,452▲ $110,039
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,121,554$31,973,727▼ $147,827
Accounts Payable and Accrued Expenses$575,884$1,773,412▲ $1,197,528
Deferred Revenue$37,093$48,678▲ $11,585
Total Liabilities$32,734,531$33,795,817▲ $1,061,286
Net Assets / Fund Balance
Unrestricted Net Assets$8,299,882$9,556,837▲ $1,256,955
Temporarily Rstr Net Assets$1,101,993$1,026,252▼ $75,741
Total Net Assets Fund Balance$9,401,875$10,583,089▲ $1,181,214
Total Liabilities and Net Assets / Fund Balance$42,136,406$44,378,906▲ $2,242,500

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,905,526$2,730,494$13,636,020
Other Land Buildings$12,041,472-$12,041,472
Equipment$1,511,029$1,721,729$3,232,758
Land$2,305,128-$2,305,128
Leasehold Improvements$647,128$1,087,317$1,734,445
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim KittsCEOFT$100,292$16,246$116,538
Dwan RamseyCFOFT$80,908$6,086$86,994

Board Members and Trustees

NameTitle
David HaightPresident
Neel BennettVice President
Sandy PorterVice President
Jeremy HatcherDirector
Mark GrahamDirector
Scott ReeveDirector
Tiffany EnnisDirector
Waylon ThompsonDirector
Scotti HaneySecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,439,909
Program Service Revenue
$2,751,542
Investment Income
$46,712
Other Revenue
$15,684
All Other Contributions
$29,275
Change in Net Assets
$1,772,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,253,847
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$19,253,847
Total Revenue per Form 990
$19,253,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,388,539
Other Expenses$6,093,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,020,229$2,247,101-$9,267,330
Interest-$1,636,806-$1,636,806
Payroll Taxes$581,301$178,524-$759,825
Depreciation Depletion$758,949--$758,949
Other Employee Benefits$561,759$197,127-$758,886
All Other Expenses$1,095$736,165-$737,260
Pension Plan Contributions$464,795$137,703-$602,498
Other Expenses$173,323$366,728-$366,728
Insurance$37,414$144,147-$181,561
Fees for Services Other$160,298$12,996-$173,294
Fees for Services Accounting-$55,000-$55,000
Travel$18,638$9,869-$28,507
Fees for Services Legal-$23,990-$23,990
Total Functional Expenses$10,384,241$7,097,405$0$17,481,646

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,481,646
Total Expenses per Audited Statements$17,481,646
Total Expenses per Form 990$17,481,646
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Reviewed amoung the governing body at board meetings.

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

Board is made aware of policy

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
65-1121807
Phone
8509133463

Signing Officer

Name
Neel Bennett
Title
President
Phone
8509133463
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Haight
Formed
2001
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
411
Volunteers
809

Preparer

Preparer
Richard a Mckinney CPA
Phone
8507856153
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IRS990/OtherRevenueMiscGrp/Desc0INSURANCE LOSS RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015684
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015684
IRS990/OtherRevenueTotalAmt015684
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02247101
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07020229
IRS990/OtherSalariesAndWagesGrp/TotalAmt09267330
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0178524
IRS990/PayrollTaxesGrp/ProgramServicesAmt0581301
IRS990/PayrollTaxesGrp/TotalAmt0759825
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0137703
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0464795
IRS990/PensionPlanContributionsGrp/TotalAmt0602498
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056824
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0108002
IRS990/PrincipalOfficerNm0DAVID HAIGHT
IRS990/PriorPeriodAdjustmentsAmt0-590987
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014317980
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09734
IRS990/PYOtherExpensesAmt04659885
IRS990/PYOtherRevenueAmt0657
IRS990/PYProgramServiceRevenueAmt01149001
IRS990/PYRevenuesLessExpensesAmt0836430
IRS990/PYSalariesCompEmpBnftPaidAmt09981057
IRS990/PYTotalExpensesAmt014640942
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015477372
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01772201
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02767226
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04440844
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03555103
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010905526
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02730494
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013636020
IRS990ScheduleD/EquipmentGrp/BookValueAmt01511029
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01721729
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03232758
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt017481646
IRS990ScheduleD/LandGrp/BookValueAmt02305128
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02305128
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0647128
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01087317
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01734445
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012041472
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012041472
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt019253847
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027410283
IRS990ScheduleD/TotalExpensesPerForm990Amt017481646
IRS990ScheduleD/TotalRevenuePerForm990Amt019253847
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019253847
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017481646
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED AMOUNG THE GOVERNING BODY AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD IS MADE AWARE OF POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01101993
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01026252
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt042136406
IRS990/TotalAssetsEOYAmt044378906
IRS990/TotalAssetsGrp/BOYAmt042136406
IRS990/TotalAssetsGrp/EOYAmt044378906
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016439909
IRS990/TotalEmployeeCnt0411
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07097405
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010384241
IRS990/TotalFunctionalExpensesGrp/TotalAmt017481646
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032734531
IRS990/TotalLiabilitiesEOYAmt033795817
IRS990/TotalLiabilitiesGrp/BOYAmt032734531
IRS990/TotalLiabilitiesGrp/EOYAmt033795817
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09401875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010583089
IRS990/TotalOtherCompensationAmt022332
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02751542
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02751542
IRS990/TotalProgramServiceExpensesAmt010384241
IRS990/TotalProgramServiceRevenueAmt02751542
IRS990/TotalReportableCompFromOrgAmt0181200
IRS990/TotalRevenueGrp/ExclusionAmt046712
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02767226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019253847
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0809
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042136406
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044378906
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt09869
IRS990/TravelGrp/ProgramServicesAmt018638
IRS990/TravelGrp/TotalAmt028507
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08299882
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09556837
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102501 HAWKS LANDING BLVD
IRS990/USAddress/City0PANAMA CITY
IRS990/USAddress/State0FL
IRS990/USAddress/ZIPCode032405
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.BHCA.WS
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.5$53.6$25.9$39.6$36.9$2.76
2023Detailed filing. Detailed filing data is available for this year.$73.6$50.4$23.1$34.0$32.8$1.22
2022Detailed filing. Detailed filing data is available for this year.$71.6$49.7$21.8$32.8$32.1$0.68
2021Detailed filing. Detailed filing data is available for this year.$72.5$51.3$21.2$30.3$29.0$1.29
2020Detailed filing. Detailed filing data is available for this year.$69.2$49.3$19.9$29.9$27.0$2.86
2019Detailed filing. Detailed filing data is available for this year.$66.8$49.8$17.0$27.5$24.1$3.39
2018Detailed filing. Detailed filing data is available for this year.$61.9$48.3$13.6$25.4$23.6$1.82
2017Detailed filing. Detailed filing data is available for this year.$60.0$48.3$11.8$23.5$22.5$1.05
2016Detailed filing. Detailed filing data is available for this year.$50.0$39.2$10.7$22.5$20.7$1.77
2015Detailed filing. Detailed filing data is available for this year.$47.7$38.8$8.96$23.0$19.5$3.47
2014Detailed filing. Detailed filing data is available for this year.$44.4$33.8$10.6$19.3$17.5$1.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.1$32.7$9.40$14.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$13.0$8.74$13.6
2011Summary only. Only limited summary data is available for this year.$24.6$16.4$8.26$13.3$12.5$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$12.4$7.45$8.10