Civic Intelligence

Learning Excellence Foundation of South Palm Beach Inc.

990 • Fiscal year 2024 • EIN 65-1125973

Jul 01, 2023 to Jun 30, 2024 • Filed on May 13, 2025

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

88th percentile

0.79x

Higher debt load relative to assets than 88% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

1.21x

Higher debt load relative to revenue than 83% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

54th percentile

6.1%

Faster asset growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

17%

Faster revenue growth than 65% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$22,947,278

Up $1,319,523 (+6.1%) from 2023

Net Assets

Up

$4,709,200

Up $2,147,845 (+84%) from 2023

Liabilities

Down

$18,238,078

Down $828,322 (-4.3%) from 2023

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin68th percentile

Revenue

Up

$15,071,953

Up $2,138,982 (+17%) from 2023

Expenses

Up

$12,924,108

Up $374,716 (+3.0%) from 2023

Net Income

Up

$2,147,845

Up $1,764,266 (+460%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2024

Assets$22,947,278
Liabilities$18,238,078
Net Assets$4,709,200
Open 2024 Filing

Operations Trend

Revenue Growth65th 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

2024

Revenue$15,071,953
Expenses$12,924,108
Net Income$2,147,845
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$15,111,278
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$18,989,255$17,668,010▼ $1,321,245
Cash and Non-Interest-Bearing Accounts$2,081,162$4,588,401▲ $2,507,239
Rtn Earn Endowment Incm Other Fnds$1,844,072$4,392,818▲ $2,548,746
Prepaid Expenses and Deferred Charges$281,077$554,065▲ $272,988
Pd in Cap Srpls Land Bldg Eqp Fund$717,283$316,382▼ $400,901
Accounts Receivable$35,016$0▼ $35,016
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$21,627,755$22,947,278▲ $1,319,523
Other Assets Total$241,245$136,802▼ $104,443
Liabilities
Other Liabilities$18,271,972$17,351,628▼ $920,344
Accounts Payable and Accrued Expenses$725,682$804,212▲ $78,530
Deferred Revenue$68,746$82,238▲ $13,492
Total Liabilities$19,066,400$18,238,078▼ $828,322
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,561,355$4,709,200▲ $2,147,845
Total Liabilities and Net Assets / Fund Balance$21,627,755$22,947,278▲ $1,319,523

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,571,390$5,642,391$21,213,781
Land$1,259,432-$1,259,432
Leasehold Improvements$664,647$478,604$1,143,251
Equipment$132,041$224,289$356,330
Other Land Buildings$40,500$153,967$194,467
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Chris JohnsonChair
Tom SutterfieldVice Chair
Dickenson MerrinDirector
Maria CosmanDirector
Marva WilksDirector
Elizabeth StephanSecretary
Marie ChapmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
School House FinanceRent1900 GALLOWS RD SUITE 250, Vienna, VA 22182$1,706,710
AetnaHealth InsurancePO BOX 804735, Chicago, IL 60680$1,172,505
Imagine Schools-south Florida RegionalManagemement Services13790 NW 4TH ST SUITE 108, Fort Lauderdale, FL 33325$925,531
Sla ManagementFood Services321 CORRINE DRIVE, Orlando, FL 32803$313,040
Revenue and Support

Revenue Composition

Contributions and Grants
$14,266,915
Program Service Revenue
$480,762
Investment Income
$0
Other Revenue
$324,276
Change in Net Assets
$2,147,845

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,071,953
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$39,325
Total Revenue per Audited Statements
$15,111,278
Total Revenue per Form 990
$15,071,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,580,721
Other Expenses$5,343,387
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,362,555$670,036-$6,032,591
Depreciation Depletion$1,548,686$43,961-$1,592,647
Other Employee Benefits$1,002,500$107,159-$1,109,659
Fees for Services Management-$827,026-$827,026
Interest$739,731--$739,731
Payroll Taxes$389,011$49,460-$438,471
Insurance$201,112--$201,112
All Other Expenses$152,827$43,295-$196,122
Fees for Services Other$170,260--$170,260
Other Expenses$150,792$8,766-$150,792
Information Technology$18,000$31,162-$49,162
Fees for Services Accounting-$38,568-$38,568
Office Expenses-$29,832-$29,832
Fees for Services Legal-$9,667-$9,667
Travel-$7,590-$7,590
Advertising-$4,130-$4,130
Total Functional Expenses$11,053,456$1,870,652$0$12,924,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,963,433
Expenses per Audited Statements$12,924,108
Total Expenses per Form 990$12,924,108
Expenses Not Reported on Form 990$39,325
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$39,325
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$36,121-$15,365-
Book Fair$33,472-$23,960-
Total Events$69,593-$39,325$-39,325
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$16,260,170
Lease Liability-current$1,091,458
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
2025-05-13
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
118
Volunteers
34

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).”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 39,325.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 39,325.”

Raw XML AppendixShowing 400 of 485 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/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06499251
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018989255
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017668010
IRS990/LandBldgEquipCostOrOtherBssAmt024167261
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND TO CONDUCT EDUCATIONAL DEVELOPMENT ACTIVITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02561355
IRS990/NetAssetsOrFundBalancesEOYAmt04709200
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-39325
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-39325
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029832
IRS990/OfficeExpensesGrp/TotalAmt029832
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0241245
IRS990/OtherAssetsTotalGrp/EOYAmt0136802
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0107159
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01002500
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01109659
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PROGRAM MATERIALS AND S
IRS990/OtherExpensesGrp/Desc2FIELD TRIPS
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08766
IRS990/OtherExpensesGrp/ProgramServicesAmt0775228
IRS990/OtherExpensesGrp/ProgramServicesAmt1293066
IRS990/OtherExpensesGrp/ProgramServicesAmt2249688
IRS990/OtherExpensesGrp/ProgramServicesAmt3150792
IRS990/OtherExpensesGrp/TotalAmt0783994
IRS990/OtherExpensesGrp/TotalAmt1293066
IRS990/OtherExpensesGrp/TotalAmt2249688
IRS990/OtherExpensesGrp/TotalAmt3150792
IRS990/OtherLiabilitiesGrp/BOYAmt018271972
IRS990/OtherLiabilitiesGrp/EOYAmt017351628
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER LOCAL REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0363601
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0363601
IRS990/OtherRevenueTotalAmt0363601
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0670036
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05362555
IRS990/OtherSalariesAndWagesGrp/TotalAmt06032591
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt049460
IRS990/PayrollTaxesGrp/ProgramServicesAmt0389011
IRS990/PayrollTaxesGrp/TotalAmt0438471
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0717283
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0316382
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0281077
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0554065
IRS990/PrincipalOfficerNm0CHRIS JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE/AFTER CARE
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308272
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1172490
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1172490
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011744840
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt06347876
IRS990/PYOtherRevenueAmt0321975
IRS990/PYProgramServiceRevenueAmt0866156
IRS990/PYRevenuesLessExpensesAmt0383579
IRS990/PYSalariesCompEmpBnftPaidAmt06201516
IRS990/PYTotalExpensesAmt012549392
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012932971
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02147845
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0844363
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01844072
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04392818
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/BookValueAmt015571390
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05642391
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021213781
IRS990ScheduleD/EquipmentGrp/BookValueAmt0132041
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0224289
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0356330
IRS990ScheduleD/ExpensesNotReportedAmt039325
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012924108
IRS990ScheduleD/LandGrp/BookValueAmt01259432
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01259432
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0664647
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0478604
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01143251
IRS990ScheduleD/OtherExpensesIncludedAmt039325
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt040500
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0153967
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0194467
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01091458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116260170
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY-CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY-NON CURRENT
IRS990ScheduleD/OtherRevenueAmt039325
IRS990ScheduleD/RevenueNotReportedAmt039325
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015071953
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES 39,325.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES 39,325.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017668010
IRS990ScheduleD/TotalExpensesPerForm990Amt012924108
IRS990ScheduleD/TotalLiabilityAmt017351628
IRS990ScheduleD/TotalRevenuePerForm990Amt015071953
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015111278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012963433
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/CharitableContributionsTotAmt069593
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt036121
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt033472
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt039325
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BOOK FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt036121
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt033472
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069593
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-39325
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt039325
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015365
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt023960
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/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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$22,947,278
Liabilities
$18,238,078
Net assets
$4,709,200
Revenue
$15,071,953
Expenses
$12,924,108
Net income
$2,147,845
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