Civic Intelligence

Learning Excellence Foundation of South Palm Beach Inc.

990 • Fiscal year 2022 • EIN 65-1125973

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 16, 2023

Organization ProfileWWW.IMAGINE-CHANCELLOR.COM
3333 High Ridge RoadBoynton Beach, FL 33462-4577

(561) 585-1189

Siviq Scores

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

Liabilities / Assets

91st percentile

0.90x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

1.80x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

32nd percentile

0.2%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

99th percentile

567%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$22,098,422

Up $18,785,544 (+567%) from 2021

Net Assets

Down

$2,177,776

Down $533,970 (-20%) from 2021

Liabilities

Up

$19,920,646

Up $19,319,514 (+3214%) from 2021

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin32nd percentile

Revenue

Up

$11,061,403

Up $1,980,249 (+22%) from 2021

Expenses

Up

$11,040,411

Up $2,272,256 (+26%) from 2021

Net Income

Down

$20,992

Down $292,007 (-93%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$30M$20M$10M$0Assets 2010: $847,208Liabilities 2010: $792,836Net Assets 2010: $54,3722010Assets 2011: $1,189,953Liabilities 2011: $1,115,383Net Assets 2011: $74,5702011Assets 2012: $1,385,880Liabilities 2012: $1,185,788Net Assets 2012: $200,0922012Assets 2013: $2,634,470Liabilities 2013: $2,291,264Net Assets 2013: $343,2062013Assets 2014: $2,703,827Liabilities 2014: $2,004,178Net Assets 2014: $699,6492014Assets 2015: $2,885,927Liabilities 2015: $1,870,343Net Assets 2015: $1,015,5842015Assets 2016: $2,926,607Liabilities 2016: $1,048,684Net Assets 2016: $1,877,9232016Assets 2017: $2,968,028Liabilities 2017: $1,010,017Net Assets 2017: $1,958,0112017Assets 2018: $2,912,647Liabilities 2018: $768,161Net Assets 2018: $2,144,4862018Assets 2019: $2,926,051Liabilities 2019: $615,320Net Assets 2019: $2,310,7312019Assets 2020: $2,917,234Liabilities 2020: $518,487Net Assets 2020: $2,398,7472020Assets 2021: $3,312,878Liabilities 2021: $601,132Net Assets 2021: $2,711,7462021Assets 2022: $22,098,422Liabilities 2022: $19,920,646Net Assets 2022: $2,177,7762022Assets 2023: $21,627,755Liabilities 2023: $19,066,400Net Assets 2023: $2,561,3552023Assets 2024: $22,947,278Liabilities 2024: $18,238,078Net Assets 2024: $4,709,2002024Assets 2025: $22,589,747Liabilities 2025: $17,032,227Net Assets 2025: $5,557,5202025

Highlighted filing

2022

Assets$22,098,422
Liabilities$19,920,646
Net Assets$2,177,776
Open 2022 Filing

Operations Trend

Revenue Growth73rd percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $4,348,1892010Expenses 2011: $7,360,9892011Expenses 2012: $6,855,6652012Expenses 2013: $6,676,1212013Revenue 2014: $7,512,101Expenses 2014: $7,155,658Net Income 2014: $356,4432014Revenue 2015: $7,763,677Expenses 2015: $7,447,742Net Income 2015: $315,9352015Revenue 2016: $8,012,304Expenses 2016: $7,706,994Net Income 2016: $305,3102016Revenue 2017: $8,055,563Expenses 2017: $7,975,475Net Income 2017: $80,0882017Revenue 2018: $8,669,467Expenses 2018: $8,482,992Net Income 2018: $186,4752018Revenue 2019: $8,991,656Expenses 2019: $8,825,411Net Income 2019: $166,2452019Revenue 2020: $9,029,752Expenses 2020: $8,941,736Net Income 2020: $88,0162020Revenue 2021: $9,081,154Expenses 2021: $8,768,155Net Income 2021: $312,9992021Revenue 2022: $11,061,403Expenses 2022: $11,040,411Net Income 2022: $20,9922022Revenue 2023: $12,932,971Expenses 2023: $12,549,392Net Income 2023: $383,5792023Revenue 2024: $15,071,953Expenses 2024: $12,924,108Net Income 2024: $2,147,8452024Revenue 2025: $14,631,214Expenses 2025: $13,782,894Net Income 2025: $848,3202025

Highlighted filing

2022

Revenue$11,061,403
Expenses$11,040,411
Net Income$20,992
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 16, 2023
Return Version
2021v4.2
Gross Receipts
$11,101,222
Mission and Program Overview

Mission

To operate a not-for-profit charter school and to conduct educational development activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,066,521$20,224,156▲ $18,157,635
Rtn Earn Endowment Incm Other Fnds$645,225$1,131,245▲ $486,020
Pd in Cap Srpls Land Bldg Eqp Fund$2,066,521$1,046,531▼ $1,019,990
Cash and Non-Interest-Bearing Accounts$910,716$626,649▼ $284,067
Prepaid Expenses and Deferred Charges$40,450$480,129▲ $439,679
Accounts Receivable$2,115$12,710▲ $10,595
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Total Assets$3,312,878$22,098,422▲ $18,785,544
Other Assets Total$293,076$754,778▲ $461,702
Liabilities
Other Liabilities$0$19,177,625▲ $19,177,625
Accounts Payable and Accrued Expenses$601,132$685,106▲ $83,974
Deferred Revenue-$57,915-
Total Liabilities$601,132$19,920,646▲ $19,319,514
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,711,746$2,177,776▼ $533,970
Total Liabilities and Net Assets / Fund Balance$3,312,878$22,098,422▲ $18,785,544

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,065,288$2,779,274$20,844,562
Land$1,259,432-$1,259,432
Buildings$700,724$216,282$917,006
Equipment$70,550$269,193$339,743
Leasehold Improvements$128,162$94,232$222,394
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Chris JohnsonChair
Tom SutterfieldVice Chair
Jennifer WeserDirector
Lisa CarriegosDirector
Marva WilksDirector
Elizabeth StephanSecretary
Marie ChapmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,392,223
Program Service Revenue
$349,896
Investment Income
$0
Other Revenue
$319,284
Change in Net Assets
$20,992

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,061,403
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$39,819
Total Revenue per Audited Statements
$11,101,222
Total Revenue per Form 990
$11,061,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,793,614
Other Expenses$5,246,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,031,215$416,639-$4,447,854
Depreciation Depletion$1,437,278$71,462-$1,508,740
Other Employee Benefits$947,111$77,612-$1,024,723
Interest$814,698--$814,698
Fees for Services Management-$738,397-$738,397
Payroll Taxes$290,681$30,356-$321,037
All Other Expenses$155,203$49,069-$204,272
Fees for Services Other$142,683$10,139-$152,822
Insurance$145,581--$145,581
Other Expenses$123,385$34,449-$123,385
Fees for Services Accounting-$41,786-$41,786
Information Technology$11,372$27,268-$38,640
Office Expenses$9,730$19,552-$29,282
Advertising-$2,554-$2,554
Travel-$2,097-$2,097
Total Functional Expenses$9,519,031$1,521,380$0$11,040,411

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,080,230
Expenses per Audited Statements$11,040,411
Total Expenses per Form 990$11,040,411
Expenses Not Reported on Form 990$39,819
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$39,819
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$42,735-$17,506-
Book Fair$11,065-$10,949-
Total Events$53,800-$39,819$-39,819
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability-non Current$18,271,972
Lease Liability-current$905,653
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school is contracted with imagine schools, inc. To provide all charter school management services, including the administration and supervision of personnel, procurements and management of materials, equipment and facilities.”

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

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

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

“Board members are educated regarding the requirements for disclosure of business interest and conflicts of interest. Individuals are required to disclose any conflicts of interest that may arise at any time during the year.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflicts of interest policy, audited financial statements and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Learning Excellence Foundation
EIN
65-1125973
Phone
5615851189
Address
3333 HIGH RIDGE ROAD, BOYNTON BEACH, FL 33462-4577

Signing Officer

Name
Chris Johnson
Title
Chair
Phone
5615851189
Signed
2023-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Johnson
Formed
2000
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
108
Volunteers
35

Preparer

Firm
KEEFE MCCULLOUGH & CO LLP CPA'S
Address
6550 N FEDERAL HIGHWAY SUITE 410, FT LAUDERDALE, FL 33308
Preparer
Israel J Gomez
Phone
9547710896
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2B

“All federal employment tax returns were filed by imagine schools inc.(ein 04-3466383) since the organization leases its employees and is part of their professional employer organization (peo).”

Form 990, Part XII, Line 2C

“No change in process from prior year”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 39,819.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 39,819.”

Raw XML AppendixShowing 400 of 467 raw XML fields

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

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IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt019177625
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER LOCAL REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0359103
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0359103
IRS990/OtherRevenueTotalAmt0359103
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0416639
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04031215
IRS990/OtherSalariesAndWagesGrp/TotalAmt04447854
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030356
IRS990/PayrollTaxesGrp/ProgramServicesAmt0290681
IRS990/PayrollTaxesGrp/TotalAmt0321037
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02066521
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01046531
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040450
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0480129
IRS990/PrincipalOfficerNm0CHRIS JOHNSON
IRS990/PriorPeriodAdjustmentsAmt0-554962
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE/AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222468
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1127428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222468
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1127428
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08781861
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03987715
IRS990/PYOtherRevenueAmt098308
IRS990/PYProgramServiceRevenueAmt0200985
IRS990/PYRevenuesLessExpensesAmt0312999
IRS990/PYSalariesCompEmpBnftPaidAmt04780440
IRS990/PYTotalExpensesAmt08768155
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09081154
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt020992
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0708999
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0645225
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01131245
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0700724
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0216282
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0917006
IRS990ScheduleD/EquipmentGrp/BookValueAmt070550
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0269193
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0339743
IRS990ScheduleD/ExpensesNotReportedAmt039819
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011040411
IRS990ScheduleD/LandGrp/BookValueAmt01259432
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01259432
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0128162
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt094232
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0222394
IRS990ScheduleD/OtherExpensesIncludedAmt039819
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018065288
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02779274
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020844562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0905653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118271972
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY-CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY-NON CURRENT
IRS990ScheduleD/OtherRevenueAmt039819
IRS990ScheduleD/RevenueNotReportedAmt039819
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011061403
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES 39,819.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES 39,819.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020224156
IRS990ScheduleD/TotalExpensesPerForm990Amt011040411
IRS990ScheduleD/TotalLiabilityAmt019177625
IRS990ScheduleD/TotalRevenuePerForm990Amt011061403
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011101222
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011080230
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SPECIFICALLY STATES ITS NONDISCRIMINATORY POLICY ON SCHOOL BROCHURES, NOTICES PUBLISHED BY THE PALM BEACH COUNTY SCHOOL BOARD, AND IN ALL OF ITS PUBLISHED ADVERTISEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHOOL DISTRICT OF PALM BEACH COUNTY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt053800
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt042735
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt011065
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt039819
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BOOK FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt042735
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011065
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt053800
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-39819
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt011364
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt039819
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017506
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt010949
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL FEDERAL EMPLOYMENT TAX RETURNS WERE FILED BY IMAGINE SCHOOLS INC.(EIN 04-3466383) SINCE THE ORGANIZATION LEASES ITS EMPLOYEES AND IS PART OF THEIR PROFESSIONAL EMPLOYER ORGANIZATION (PEO).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS CONTRACTED WITH IMAGINE SCHOOLS, INC. TO PROVIDE ALL CHARTER SCHOOL MANAGEMENT SERVICES, INCLUDING THE ADMINISTRATION AND SUPERVISION OF PERSONNEL, PROCUREMENTS AND MANAGEMENT OF MATERIALS, EQUIPMENT AND FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BY THE FOUNDATION'S INDEPENDENT ACCOUNTING FIRM. IT WAS REVIEWED AND APPROVED BY THE GOVERNING BOARD PRIOR TO GOVERNMENT SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE EDUCATED REGARDING THE REQUIREMENTS FOR DISCLOSURE OF BUSINESS INTEREST AND CONFLICTS OF INTEREST. INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY ARISE AT ANY TIME DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN PROCESS FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03312878
IRS990/TotalAssetsEOYAmt022098422
IRS990/TotalAssetsGrp/BOYAmt03312878
IRS990/TotalAssetsGrp/EOYAmt022098422
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010392223
IRS990/TotalEmployeeCnt0108
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01521380
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09519031
IRS990/TotalFunctionalExpensesGrp/TotalAmt011040411

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,098,422
Liabilities
$19,920,646
Net assets
$2,177,776
Revenue
$11,061,403
Expenses
$11,040,411
Net income
$20,992
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.6$17.0$5.56$14.6$13.8$0.85
2024Detailed filing. Detailed filing data is available for this year.$22.9$18.2$4.71$15.1$12.9$2.15
2023Detailed filing. Detailed filing data is available for this year.$21.6$19.1$2.56$12.9$12.5$0.38
2022Detailed filing. Detailed filing data is available for this year.$22.1$19.9$2.18$11.1$11.0$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.60$2.71$9.08$8.77$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.92$0.52$2.40$9.03$8.94$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.93$0.62$2.31$8.99$8.83$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.91$0.77$2.14$8.67$8.48$0.19
2017Detailed filing. Detailed filing data is available for this year.$2.97$1.01$1.96$8.06$7.98$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.93$1.05$1.88$8.01$7.71$0.31
2015Detailed filing. Detailed filing data is available for this year.$2.89$1.87$1.02$7.76$7.45$0.32
2014Detailed filing. Detailed filing data is available for this year.$2.70$2.00$0.70$7.51$7.16$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$2.29$0.34$6.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$1.19$0.20$6.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$1.12$0.07$7.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.79$0.05$4.35