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Nonprofiteer
← BABCOCK NEIGHBORHOOD SCHOOL INC

Form 990 for tax year 2022

Filed by BABCOCK NEIGHBORHOOD SCHOOL INC.

Totals

Total revenue
$11,852,130
Total expenses
$11,698,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,976,656
Investment income
$0
Other revenue
$3,875,474
Total assets, end of year
$33,488,082
Total liabilities, end of year
$32,127,074
Net assets or fund balances, end of year
$1,361,008
Program services expenses (Part IX)
$11,464,680
Management and general expenses
$233,690
Fundraising expenses
$0
Program service expenses (Part III)
$11,464,680

Program services were 98.0% 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.

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

    total $6,579,520 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEDERAL FUNDING

    total $1,138,207 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: STUDENT LUNCHES

    total $157,148 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: BEFORE/AFTERCARE

    total $101,781 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $73,077

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $73,077 · unrelated business $0 · excluded $73,077

  • 11a · Other revenue: OTHER LOCAL

    total $3,802,397 · related or exempt $3,802,397 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,802,397

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $1,607,108 · program services $1,607,108 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $731,055 · program services $731,055 · management and general $0 · fundraising $0

  • 24a · Other expenses: INSTRUCTION

    total $5,361,750 · program services $5,361,750 · management and general $0 · fundraising $0

  • 24b · Other expenses: STUDENT SUPPORT SERVICES

    total $193,602 · program services $193,602 · management and general $0 · fundraising $0

  • 24c · Other expenses: INSTRUCTION & CURRICULUM DEVELOPMENT

    total $167,719 · program services $167,719 · management and general $0 · fundraising $0

  • 24d · Other expenses: INSTRUCTIONAL STAFF TRAINING

    total $95,688 · program services $95,688 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,541,448 · program services $3,307,758 · management and general $233,690 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,806,870 · end of year $4,009,293

  • 3 · Pledges and grants receivable

    beginning of year $78,822 · end of year $102,291

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,122 · end of year $40,988

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

    $31,444,259

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

    $2,108,749

  • 10c · Land, buildings and equipment, net

    beginning of year $25,143,742 · end of year $29,335,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,892,506 · end of year $1,098,001

  • 19 · Deferred revenue

    end of year $351,221

  • 20 · Tax-exempt bond liabilities

    beginning of year $27,287,802 · end of year $27,299,007

  • 23 · Secured mortgages and notes payable

    beginning of year $650,000 · end of year $650,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,728,845

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

    beginning of year -$2,144,060 · end of year -$692,342

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,351,308 · end of year $2,053,350

Mission and programs · 2022

Mission

Located in the heart of America's first solar-powered town, BNS offers a "place-based" environmentally focused "greenSTEAM" education program that integrates science, technology, engineering, the arts and mathematics within a thoughtfully provided holistic learning environment. STEAM requires intentional connections among and between standards, assessments, and lesson design while integrating related standards across disciplines - allowing students to demonstrate mastery of subjects.

  • Located in the heart of America's first solar-powered town, BNS offers a "place-based" environmentally focused "greenSTEAM" education program that integrates science, technology, engineering, the arts and mathematics within a thoughtfully provided holistic learning environment. STEAM requires intentional connections among and between standards, assessments, and lesson design while integrating related standards across disciplines - allowing students to demonstrate mastery of subjects. By focusing on local landscape, history, culture, and context, learning at BNS takes on specificity and moves from the abstract to the concrete, engaging students with an environment that encourages interactions with, and exploration of, the world around them. The sustainability and conservation principles of Babcock Ranch provide opportunities for hands-on, project-based learning about nature, health and renewable energy with a STEAM focus.

    Expenses $11,464,680 · Revenue $11,852,130

As filed on the 2022 return.

Listed in Part VII

  • Robert Kenny

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tom Hall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Natalie Bolton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GREGORY K ADKINS EdD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tricia Duffy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shannon Treece

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Christopher Fennell

    PRINCIPAL

    Total calculated
    $0
    Hours/week
    40

  • Amanda Sanford

    PRINCIPAL

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 January 2024
IRS schema version
2022v5.0
Source object
202410169349301541

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