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Nonprofiteer
← GALILEO SCHOOL FOUNDATION INC

Form 990 for tax year 2023

Filed by GALILEO SCHOOL FOUNDATION INC.

Totals

Total revenue
$14,851,629
Total expenses
$14,526,489
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,847,595
Investment income
$0
Other revenue
$1,004,034
Total assets, end of year
$34,075,919
Total liabilities, end of year
$33,465,443
Net assets or fund balances, end of year
$610,476
Program services expenses (Part IX)
$14,288,225
Management and general expenses
$238,264
Fundraising expenses
$0
Program service expenses (Part III)
$14,288,225

Program services were 98.4% 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.

  • 2a · Program service revenue: FTE-PER STUDENT FUNDING

    total $11,982,374 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: STUDENT LUNCHES

    total $164,322 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: BEFORE/AFTER CARE

    total $523,065 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: FEDERAL FUNDS

    total $1,177,834 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $51,538

  • 8c · Net income from fundraising events

    total $51,538 · unrelated business $0 · excluded $51,538

  • 11a · Other revenue: OTHER LOCAL REVENUE

    total $952,496 · related or exempt $952,496 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $952,496

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $1,024,515 · program services $1,024,515 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $851,699 · program services $851,699 · management and general $0 · fundraising $0

  • 24a · Other expenses: INSTRUCTION

    total $8,052,608 · program services $8,052,608 · management and general $0 · fundraising $0

  • 24b · Other expenses: STUDENT SUPPORT SERVICES

    total $420,899 · program services $420,899 · management and general $0 · fundraising $0

  • 24c · Other expenses: INSTRUCTION & CURRICULUM DEVELOPMENT

    total $364,264 · program services $364,264 · management and general $0 · fundraising $0

  • 24d · Other expenses: ISTRUCTIONAL STAFF TRAINING

    total $36,736 · program services $36,736 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,775,768 · program services $3,537,504 · management and general $238,264 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,555,865 · end of year $2,810,171

  • 2 · Savings and temporary cash investments

    beginning of year $1,566,056 · end of year $1,679,841

  • 3 · Pledges and grants receivable

    beginning of year $180,252 · end of year $232,399

  • 9 · Prepaid expenses and deferred charges

    end of year $569

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

    $31,993,273

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

    $2,640,334

  • 10c · Land, buildings and equipment, net

    beginning of year $30,004,226 · end of year $29,352,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,077,986 · end of year $1,047,308

  • 20 · Tax-exempt bond liabilities

    beginning of year $32,943,077 · end of year $32,418,135

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$2,938,851 · end of year -$3,065,196

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,224,187 · end of year $3,675,672

Mission and programs · 2023

Mission

TO OPERATE A CHARTER SCHOOL IN SEMINOLE COUNTY, FLORIDA

  • THE CHARTER SCHOOL PROVIDES INNOVATIVE, RESEARCH-BASED EDUCATION IN A NUTURING ENVIRONMENT FOR GIFTED AND TALENTED STUDENTS AND THOSE WHO WANT TO LEARN IN A GIFTED LEARNING ENVIRONMENT THAT WILL CHALLENGE AND MOTIVATE THEM TO PURSUE THEIR PASSIONATE INTERESTS IN SERVICE TO OTHERS

    Expenses $14,288,225 · Revenue $14,851,629

As filed on the 2023 return.

Listed in Part VII

  • DR MICHELE GILL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAVIER RIVERA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR DEBBIE HAHS-VAUGHN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOE MACLAREN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MILLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN WILKES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON BRODEUR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TREVA MARSHALL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE NUNEZ

    PRINCIPAL

    Total calculated
    $164,703
    From this org
    $164,703
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,703
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $164,703

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 December 2024
IRS schema version
2023v5.1
Source object
202413419349300306

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