Civic Intelligence

Learning Excellence Foundation of South Palm Beach Inc.

990 • Fiscal year 2023 • EIN 65-1125973

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

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

90th percentile

0.88x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.47x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

48th percentile

3.0%

Higher net margin than 48% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

22nd percentile

-2.1%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$21,627,755

Down $470,667 (-2.1%) from 2022

Net Assets

Up

$2,561,355

Up $383,579 (+18%) from 2022

Liabilities

Down

$19,066,400

Down $854,246 (-4.3%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin48th percentile

Revenue

Up

$12,932,971

Up $1,871,568 (+17%) from 2022

Expenses

Up

$12,549,392

Up $1,508,981 (+14%) from 2022

Net Income

Up

$383,579

Up $362,587 (+1727%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2023

Assets$21,627,755
Liabilities$19,066,400
Net Assets$2,561,355
Open 2023 Filing

Operations Trend

Revenue Growth69th 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

2023

Revenue$12,932,971
Expenses$12,549,392
Net Income$383,579
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$12,975,540
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$20,224,156$18,989,255▼ $1,234,901
Cash and Non-Interest-Bearing Accounts$626,649$2,081,162▲ $1,454,513
Rtn Earn Endowment Incm Other Fnds$1,131,245$1,844,072▲ $712,827
Pd in Cap Srpls Land Bldg Eqp Fund$1,046,531$717,283▼ $329,248
Prepaid Expenses and Deferred Charges$480,129$281,077▼ $199,052
Accounts Receivable$12,710$35,016▲ $22,306
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$22,098,422$21,627,755▼ $470,667
Other Assets Total$754,778$241,245▼ $513,533
Liabilities
Other Liabilities$19,177,625$18,271,972▼ $905,653
Accounts Payable and Accrued Expenses$685,106$725,682▲ $40,576
Deferred Revenue$57,915$68,746▲ $10,831
Total Liabilities$19,920,646$19,066,400▼ $854,246
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,177,776$2,561,355▲ $383,579
Total Liabilities and Net Assets / Fund Balance$22,098,422$21,627,755▼ $470,667

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,675,651$4,168,911$20,844,562
Land$1,259,432-$1,259,432
Buildings$832,525$315,922$1,148,447
Equipment$109,020$312,004$421,024
Leasehold Improvements$112,627$109,767$222,394
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Chris JohnsonChair
Tom SutterfieldVice Chair
Dickinson MerrinDirector
Maria CosmanDirector
Marva WilksDirector
Elizabeth StephanSecretary
Marie ChapmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,744,840
Program Service Revenue
$866,156
Investment Income
$0
Other Revenue
$321,975
Change in Net Assets
$383,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,932,971
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$42,569
Total Revenue per Audited Statements
$12,975,540
Total Revenue per Form 990
$12,932,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,347,876
Salaries, Compensation, and Employee Benefits$6,201,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,295,778$453,618-$4,749,396
Depreciation Depletion$1,501,754$45,870-$1,547,624
Other Employee Benefits$1,024,041$85,855-$1,109,896
Interest$778,774--$778,774
Fees for Services Management-$764,638-$764,638
Payroll Taxes$309,473$32,751-$342,224
All Other Expenses$156,763$63,403-$220,166
Insurance$176,869--$176,869
Fees for Services Other$143,041--$143,041
Other Expenses$138,596$34,070-$138,596
Information Technology$4,229$33,993-$38,222
Fees for Services Accounting-$35,868-$35,868
Office Expenses-$21,088-$21,088
Travel$61$10,534-$10,595
Fees for Services Legal-$9,382-$9,382
Advertising-$3,300-$3,300
Total Functional Expenses$10,955,022$1,594,370$0$12,549,392

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,591,961
Expenses per Audited Statements$12,549,392
Total Expenses per Form 990$12,549,392
Expenses Not Reported on Form 990$42,569
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$42,569
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$49,259-$18,441-
Book Fair$21,047-$24,128-
Total Events$70,306-$42,569$-42,569
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$17,289,076
Lease Liability-current$982,896
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
2024-05-06
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
117
Volunteers
32

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 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 42,569.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 42,569.”

Raw XML AppendixShowing 400 of 466 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/OtherExpensesGrp/ProgramServicesAmt3138596
IRS990/OtherExpensesGrp/TotalAmt01575975
IRS990/OtherExpensesGrp/TotalAmt1666536
IRS990/OtherExpensesGrp/TotalAmt2217202
IRS990/OtherExpensesGrp/TotalAmt3138596
IRS990/OtherLiabilitiesGrp/BOYAmt019177625
IRS990/OtherLiabilitiesGrp/EOYAmt018271972
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER LOCAL REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0364544
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0364544
IRS990/OtherRevenueTotalAmt0364544
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0453618
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04295778
IRS990/OtherSalariesAndWagesGrp/TotalAmt04749396
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt032751
IRS990/PayrollTaxesGrp/ProgramServicesAmt0309473
IRS990/PayrollTaxesGrp/TotalAmt0342224
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01046531
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0717283
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0480129
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0281077
IRS990/PrincipalOfficerNm0CHRIS JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1BEFORE/AFTER CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0502879
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1363277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0502879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1363277
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010392223
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt05246797
IRS990/PYOtherRevenueAmt0319284
IRS990/PYProgramServiceRevenueAmt0349896
IRS990/PYRevenuesLessExpensesAmt020992
IRS990/PYSalariesCompEmpBnftPaidAmt05793614
IRS990/PYTotalExpensesAmt011040411
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011061403
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0383579
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01230700
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01131245
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01844072
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/BookValueAmt0832525
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0315922
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01148447
IRS990ScheduleD/EquipmentGrp/BookValueAmt0109020
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0312004
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0421024
IRS990ScheduleD/ExpensesNotReportedAmt042569
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012549392
IRS990ScheduleD/LandGrp/BookValueAmt01259432
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01259432
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0112627
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0109767
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0222394
IRS990ScheduleD/OtherExpensesIncludedAmt042569
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016675651
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04168911
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020844562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0982896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117289076
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY-CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY-NON CURRENT
IRS990ScheduleD/OtherRevenueAmt042569
IRS990ScheduleD/RevenueNotReportedAmt042569
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012932971
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES 42,569.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES 42,569.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018989255
IRS990ScheduleD/TotalExpensesPerForm990Amt012549392
IRS990ScheduleD/TotalLiabilityAmt018271972
IRS990ScheduleD/TotalRevenuePerForm990Amt012932971
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012975540
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012591961
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/CharitableContributionsTotAmt070306
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt049259
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt021047
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042569
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BOOK FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021047
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt070306
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-42569
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt042569
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018441
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt024128
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/TotalAssetsBOYAmt022098422
IRS990/TotalAssetsEOYAmt021627755
IRS990/TotalAssetsGrp/BOYAmt022098422
IRS990/TotalAssetsGrp/EOYAmt021627755
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011744840
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01594370
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010955022
IRS990/TotalFunctionalExpensesGrp/TotalAmt012549392
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019920646
IRS990/TotalLiabilitiesEOYAmt019066400

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,627,755
Liabilities
$19,066,400
Net assets
$2,561,355
Revenue
$12,932,971
Expenses
$12,549,392
Net income
$383,579
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