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← LAKE WALES CHARTER SCHOOLS

Form 990 for tax year 2022

Filed by LAKE WALES CHARTER SCHOOLS.

Totals

Total revenue
$56,865,523
Total expenses
$54,726,221
Contributions and grants received
$16,437,713
Grants paid
$0
Program service revenue
$39,325,988
Investment income
$2,020
Other revenue
$1,099,802
Total assets, end of year
$50,570,470
Total liabilities, end of year
$39,653,477
Net assets or fund balances, end of year
$10,916,993
Program services expenses (Part IX)
$46,519,547
Management and general expenses
$8,206,674
Fundraising expenses
$0
Program service expenses (Part III)
$46,519,547

Program services were 85.0% 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.

  • 1d · Related organizations

    $213,292

  • 1e · Government grants (contributions)

    $16,219,421

  • 1f · All other contributions, gifts and grants

    $5,000

  • 2a · Program service revenue: PER PUPIL FEES

    total $37,994,656 · related or exempt $37,994,656

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $607,145 · related or exempt $607,145

  • 2c · Program service revenue: PRE-K FEES

    total $603,458 · related or exempt $603,458

  • 2d · Program service revenue: TRANSPORTATION

    total $120,729 · related or exempt $120,729

  • 3 · Investment income

    total $2,020 · excluded $2,020

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,099,802 · related or exempt $1,099,802

  • 11e · Other revenue, total

    $1,099,802

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,700,756 · program services $850,378 · management and general $850,378

  • 7 · Other salaries and wages

    total $24,648,158 · program services $20,950,934 · management and general $3,697,224

  • 8 · Pension plan contributions

    total $3,462,374 · program services $2,943,018 · management and general $519,356

  • 9 · Other employee benefits

    total $6,591,546 · program services $5,602,814 · management and general $988,732

  • 10 · Payroll taxes

    total $1,953,280 · program services $1,660,288 · management and general $292,992

  • 11b · Fees: legal

    total $90,101 · program services $76,586 · management and general $13,515

  • 11c · Fees: accounting

    total $93,128 · program services $79,159 · management and general $13,969

  • 11g · Fees: other

    total $1,741,265 · program services $1,480,075 · management and general $261,190

  • 13 · Office expenses

    total $1,501,951 · program services $1,276,658 · management and general $225,293

  • 16 · Occupancy

    total $3,019,027 · program services $2,566,173 · management and general $452,854

  • 17 · Travel

    total $430,397 · program services $365,837 · management and general $64,560

  • 20 · Interest

    total $269,171 · program services $228,795 · management and general $40,376

  • 22 · Depreciation, depletion and amortization

    total $1,355,877 · program services $1,327,819 · management and general $28,058

  • 23 · Insurance

    total $515,080 · program services $437,818 · management and general $77,262

  • 24a · Other expenses: CATERING EXPENSES

    total $2,725,108 · program services $2,316,342 · management and general $408,766

  • 24b · Other expenses: EQUIPMENT RENTAL & MAIN

    total $2,317,180 · program services $2,317,180 · management and general $0

  • 24c · Other expenses: BUILDOUT

    total $644,659 · program services $547,960 · management and general $96,699

  • 24d · Other expenses: OTHER EXPENSES

    total $516,340 · program services $438,889 · management and general $77,451

  • 24e · All other expenses

    total $1,150,823 · program services $1,052,824 · management and general $97,999

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,405,158 · end of year $16,538,722

  • 2 · Savings and temporary cash investments

    beginning of year $2,016,727 · end of year $2,018,745

  • 4 · Accounts receivable

    beginning of year $992,827 · end of year $2,636,543

  • 9 · Prepaid expenses and deferred charges

    beginning of year $534,482 · end of year $525,840

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

    $30,602,718

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,235,401

  • 10c · Land, buildings and equipment, net

    beginning of year $17,273,098 · end of year $19,367,317

  • 15 · Other assets

    beginning of year $8,507,873 · end of year $9,483,303

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,651,784 · end of year $2,794,238

  • 19 · Deferred revenue

    beginning of year $16,064 · end of year $48,587

  • 23 · Secured mortgages and notes payable

    beginning of year $7,034,779 · end of year $10,914,515

  • 25 · Other liabilities

    beginning of year $24,249,847 · end of year $25,896,137

  • 27 · Net assets without donor restrictions

    beginning of year $4,413,350 · end of year $6,301,043

  • 28 · Net assets with donor restrictions

    beginning of year $4,364,341 · end of year $4,615,950

Mission and programs · 2022

Mission

TO BRING THE BEST OF PUBLIC EDUCATION TO OUR COMMUNITY BY PROVIDING INNOVATION AND CHOICE WITHIN A CONTINUOUS PRE-SCHOOL THROUGH POST SECONDARY CURRICULUM SO THAT EACH CHILD RECOGNIZES THE BENEFITS OF LIFE-LONG LEARNING, CONSTRUCTIVE CITIZENSHIP AND PERSONAL HAPPINESS.

Activities or mission (Part I)

PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS.

  • THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN AVERAGE OF 4,985 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2023.

    Expenses $46,519,547 · Revenue $40,425,790

As filed on the 2022 return.

Listed in Part VII

  • Alricky Smith

    SUPERINTENDENT OF SCHOOLS

    Total calculated
    $143,242
    From this org
    $102,999
    From related orgs
    $0
    Other
    $40,243
    Hours/week
    40

  • Mary Cherrington-Gray

    SECRETARY/ EXECUTIVE ASSIS

    Total calculated
    $73,308
    From this org
    $52,329
    From related orgs
    $0
    Other
    $20,979
    Hours/week
    40

  • Chayla Outing

    TRUSTEE

    Total calculated
    $66,848
    From this org
    $47,857
    From related orgs
    $0
    Other
    $18,991
    Hours/week
    2

  • Danny Gill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Paul Gerrard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Fisher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lori Hutto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rusty Ingley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tonya Steward

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andy Blair

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Melanie Burrows

    TRUSTEE

    Total calculated
    $37,308
    From this org
    $18,113
    From related orgs
    $0
    Other
    $19,195
    Hours/week
    2

  • Jessie Jackson

    SUPERINTENDENT

    Total calculated
    $172,670
    From this org
    $157,962
    From related orgs
    $0
    Other
    $14,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,962
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,708
    Filer's total
    $172,670

  • Donna Dunson

    PRINCIPAL

    Total calculated
    $159,162
    From this org
    $128,997
    From related orgs
    $0
    Other
    $30,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,997
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,165
    Filer's total
    $159,162

  • Damien Moses

    PRINCIPAL

    Total calculated
    $134,265
    From this org
    $111,163
    From related orgs
    $0
    Other
    $23,102
    Hours/week
    40

  • Anuj Saran

    ASSISTANT PRINCIPAL

    Total calculated
    $153,131
    From this org
    $120,142
    From related orgs
    $0
    Other
    $32,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,142
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,989
    Filer's total
    $153,131

  • Donna A Drisdom

    PRINCIPAL

    Total calculated
    $146,150
    From this org
    $109,666
    From related orgs
    $0
    Other
    $36,484
    Hours/week
    40

  • Chris Reams

    ASSISTANT PRINCIPAL

    Total calculated
    $144,516
    From this org
    $112,511
    From related orgs
    $0
    Other
    $32,005
    Hours/week
    40

  • Jennifer Barrow

    ESE DIRECTOR

    Total calculated
    $141,663
    From this org
    $103,709
    From related orgs
    $0
    Other
    $37,954
    Hours/week
    40

  • Gail Quam

    PRINCIPAL

    Total calculated
    $126,335
    From this org
    $103,314
    From related orgs
    $0
    Other
    $23,021
    Hours/week
    40

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 June 2024
IRS schema version
2022v5.0
Source object
202431559349300518

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