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Nonprofiteer
← LAKE WALES CHARTER SCHOOLS FOUNDATION INC

Form 990 for tax year 2022

Filed by LAKE WALES CHARTER SCHOOLS FOUNDATION INC.

Totals

Total revenue
$402,558
Total expenses
$475,921
Contributions and grants received
$350,586
Grants paid
$474,920
Program service revenue
$0
Investment income
$51,972
Other revenue
$0
Total assets, end of year
$1,583,188
Total liabilities, end of year
$93,614
Net assets or fund balances, end of year
$1,489,574
Program services expenses (Part IX)
$475,921
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$475,921

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $350,586

  • 3 · Investment income

    total $51,972 · related or exempt $49,842 · excluded $2,130

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $472,420 · program services $472,420

  • 2 · Grants to domestic individuals

    total $2,500 · program services $2,500

  • 24a · Other expenses: DUES

    total $1,002 · program services $1,002

  • 24b · Other expenses: ROUNDING

    total -$1 · program services -$1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,330 · end of year $165,524

  • 2 · Savings and temporary cash investments

    beginning of year $1,380,584 · end of year $1,158,223

  • 10a · Land, buildings and equipment: cost or other basis

    $168,357

  • 10c · Land, buildings and equipment, net

    beginning of year $168,357 · end of year $168,357

  • 11 · Investments: publicly traded securities

    beginning of year $85,280 · end of year $91,084

  • 25 · Other liabilities

    beginning of year $93,614 · end of year $93,614

  • 27 · Net assets without donor restrictions

    beginning of year $1,478,160 · end of year $1,398,993

  • 28 · Net assets with donor restrictions

    beginning of year $84,777 · end of year $90,581

Mission and programs · 2022

Mission

SUPPORTING ORGANIZATION FOR LAKE WALES CHARTER SCHOOLS, INC.

  • SUPPORTED SIX CHARTER SCHOOLS IN LAKE WALES, FL

    Expenses $475,921 · Grants $474,920

As filed on the 2022 return.

Listed in Part VII

  • Alricky Smith

    TREASURER

    Total calculated
    $169,948
    From this org
    $0
    From related orgs
    $169,948
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $169,948 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $169,948 related

  • Dr Wayne Rodolfich

    SECRETARY

    Total calculated
    $81,812
    From this org
    $0
    From related orgs
    $81,812
    Other
    $0
    Hours/week
    5 + 40 related

  • Marie Cherrington-Gray

    RECORDING SE

    Total calculated
    $60,637
    From this org
    $0
    From related orgs
    $60,637
    Other
    $0
    Hours/week
    5 + 40 related

  • Patrick Cain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ruth Freeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robin Gibson

    BOARD ATTORN

    Total calculated
    $0
    Hours/week
    2

  • Dr Thomas McKeon Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Kent Lilly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Greg Littleton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thomas McCance

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michelle Ouellette

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sam Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Violeta Salud

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kyle Story

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Tully

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lawrence Updike

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349314209

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